Alternative strategies

Carmignac Portfolio Absolute Return Europe

Share Class

LU2923680206

Portfolio Composition

Discover the Fund's portfolio and allocation to get an overview of the distribution of its investments, to better understand its strategy, diversification and risk exposure.

Key figures

Below are the key figures for the Fund, which will give you a clearer idea of the Fund's management and equity positioning.

Exposure Data

Data as of:  30 Oct 2026.
Equity Investment Weight55,9%
Net Equity Exposure15,6%
Number of Equity Issuers37
Active Share50,3%

Equity Exposure

The chart displays the proportion of the Fund's assets invested in equities and how this exposure has changed over time. It enables investors to understand the level of risk associated with the Fund and whether the asset allocation is in line with the Fund’s risk framework.

Equity Exposure (% of total AUM)

Data as of:  31 Aug 2026.
Equity Investment Rate
Equity Exposure

Equity Derivatives

This table lists all the equity derivatives in the portfolio. It shows the underlying assets to which the fund is exposed and the fund's position (long or short) on each of these underlyings.

Equity Derivatives

Data as of:  6 Nov 2026.
Equity derivatives
ESTX BNK € PR
EURO STOXX 50 PR
STXE 600 € PR
STXE 600 CHEM € PR
STXE 600 IG&S € PR
STXE 600 UTIL € PR
Total (Long + Short)
−42,2%
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Quarterly Holdings

Discover all the financial assets held by the Fund to achieve its investment objectives.

Quarterly Holdings

Data as of:  30 Sep 2026.
ADYEN NVNL0012969182
Equities
NLNL
Financials6,38%
AIRBUS SENL0000235190
Equities
NLNL
Industrials1,50%
ALPHABET INCUS02079K3059
Equities
USUS
Communication Services2,02%
ASM INTERNATIONAL NVNL0000334118
Equities
NLNL
Information Technology1,52%
ASR NEDERLAND NVNL0011872643
Equities
NLNL
Financials2,84%
ASSA ABLOY ABSE0007100581
Equities
SESE
Industrials1,02%
BANCO COMERCIAL PORTUGUES SAPTBCP0AM0015
Equities
PTPT
Financials0,76%
BAWAG GROUP AGAT0000BAWAG2
Equities
ATAT
Financials1,28%
BAYER AGDE000BAY0017
Equities
DEDE
Healthcare5,38%
BEIJER REF ABSE0015949748
Equities
SESE
Industrials0,73%
CARMIGNAC COURT TERMEFR0010149161
Money Market
FRFR
8,77%
Cash, Cash Equivalents and Derivatives OperationsCASH
Cash, Cash Equivalents and Derivatives Operations
17,23%
EPIROC ABSE0015658109
Equities
SESE
Industrials0,97%
ERSTE GROUP BANK AGAT0000652011
Equities
ATAT
Financials1,02%
FLATEXDEGIRO SEDE000FTG1111
Equities
DEDE
Financials0,34%
FRANCE 11/11/2026CASH
Money Market
FRFR
Financials3,02%
FRANCE 27/01/2027CASH
Money Market
FRFR
Financials5,33%
FRAPORT AG FRANKFURT AIRPORT SERVICES WORLDWIDEDE0005773303
Equities
DEDE
Industrials2,51%
FRESENIUS SE & CO KGAADE000FRE5EN2
Equities
DEDE
Healthcare3,49%
GALDERMA GROUP AGCH1335392721
Equities
CHCH
Healthcare1,44%
GIVAUDAN SACH0010645932
Equities
CHCH
Materials0,09%
INFORMA PLCGB00BMJ6DW54
Equities
GBGB
Communication Services0,16%
ITALY 13/11/2026CASH
Money Market
ITIT
Industrials3,02%
ITALY 30/11/2026CASH
Money Market
ITIT
Industrials6,01%
JUMBO SAGRS282183003
Equities
GRGR
Consumer Discretionary0,97%
KION GROUP AGDE000KGX8881
Equities
DEDE
Industrials0,79%
LEGRAND SAFR0010307819
Equities
FRFR
Industrials0,99%
META PLATFORMS INC-CLASS AUS30303M1027
Equities
USUS
Communication Services1,77%
MIPS ABSE0009216278
Equities
SESE
Consumer Discretionary0,52%
MOWI ASANO0003054108
Equities
NONO
Consumer Staples1,24%
MUNTERS GROUP ABSE0009806607
Equities
SESE
Industrials0,49%
NEXANS SAFR0000044448
Equities
FRFR
Industrials1,16%
NOBA BANK GROUP ABSE0023135298
Equities
SESE
Financials0,76%
NOKIA OYJFI0009000681
Equities
FIFI
Information Technology1,36%
NVIDIA CORPUS67066G1040
Equities
USUS
Information Technology0,49%
PIRAEUS BANK SAGRS831003009
Equities
GRGR
Financials1,14%
PROSUS NVNL0013654783
Equities
CNCN
Consumer Discretionary0,13%
PUBLIC POWER CORP SAGRS434003000
Equities
GRGR
Utilities2,66%
RELX PLCGB00B2B0DG97
Equities
GBGB
Industrials1,20%
RWE AGDE0007037129
Equities
DEDE
Utilities1,97%
SAMSUNG ELECTR-GDR REG SUS7960508882
Equities
KRKR
Information Technology0,34%
SCOUT24 SEDE000A12DM80
Equities
DEDE
Communication Services0,70%
SIEMENS HEALTHINEERS AGDE000SHL1006
Equities
DEDE
Healthcare0,87%
SILTRONIC AGDE000WAF3001
Equities
DEDE
Information Technology0,92%
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTDUS8740391003
Equities
TWTW
Information Technology1,22%
UNICREDIT SPAIT0005239360
Equities
ITIT
Financials0,90%
WIX.COM LTDIL0011301780
Equities
ILIL
Information Technology0,57%

Articles that may interest you

[Main Media] [Funds Focus] Bridge
Strategies insights • 14 July 2026 • English

Carmignac Absolute Return Europe: Letter from the Fund Manager - Q2 2026

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[Main Media] [Funds Focus] Bridge
Strategies insights • 20 January 2026 • English

Carmignac Absolute Return Europe: Letter from the Fund Managers - Q4 2025

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Reference to certain securities and financial instruments is for illustrative purposes to highlight stocks that are or have been included in the portfolios of funds in the Carmignac range. This is not intended to promote direct investment in those instruments, nor does it constitute investment advice. The Management Company is not subject to prohibition on trading in these instruments prior to issuing any communication. The portfolios of Carmignac funds may change without previous notice.
The reference to a ranking or prize, is no guarantee of the future results of the UCIS or the manager.
Carmignac Portfolio is a sub-fund of Carmignac Portfolio SICAV, an investment company under Luxembourg law, conforming to the UCITS Directive.
The information presented above is not contractually binding and does not constitute investment advice. Past performance is not a reliable indicator of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor), where applicable. Investors may lose some or all of their capital, as the capital in the UCI is not guaranteed. Access to the products and services presented herein may be restricted for some individuals or countries. Taxation depends on the situation of the individual. The risks, fees and recommended investment period for the UCI presented are detailed in the KIDs (key information documents) and prospectuses available on this website. The KID must be made available to the subscriber prior to purchase.). The reference to a ranking or prize, is no guarantee of the future results of the UCITS or the manager.