Carmignac Portfolio Absolute Return Europe

Share Class

LU2923680461

Risk Indicator

3 / 7

Recommended Minimum Investment Horizon

3 years

Net Asset Value

99.58 £

Asset Under Management

49 M €

Net Equity Exposure29/08/2025

23.7 %

SFDR - Fund Classification

Article 8

Data as of: Oct 7, 2025.

Past performance is not necessarily indicative of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor).

The return may increase or decrease as a result of currency fluctuations, for the shares which are not currency-hedged.

Alternative strategiesCarmignac Portfolio Absolute Return Europe

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: Aug 29, 2025.

Equity Investment Weight69.4 %

Net Equity Exposure23.7 %

Number of Equity Issuers65

Active Share48.4 %

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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: Aug 29, 2025.

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: Oct 3, 2025.


Equity derivatives
ESTX BNK € PR
EURO STOXX 50 PR
FTSE 250 INDEX
NASDAQ 100 STOCK INDX
STXE 600 € PR
STXE 600 IG&S € PR
STXE 600 REES € PR

Total (Long + Short)

-45.6 %

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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: Jun 30, 2025.


AIB GROUP PLC	Equities	IE	Financials	0.3%
AIRBUS SE	Equities	FR	Industrials	0.9%
ALCON AG	Equities	CH	Healthcare	0.1%
ALLEGRO.EU SA	Equities	PL	Consumer Discretionary	1.6%
ALPHABET INC	Equities	US	Communication Services	0.6%
AMAZON.COM INC	Equities	US	Consumer Discretionary	1.2%
ANHEUSER-BUSCH INBEV SA/NV	Equities	BE	Consumer Staples	0.6%
ASM INTERNATIONAL NV	Equities	NL	Information Technology	2.1%
ASR NEDERLAND NV	Equities	NL	Financials	1.1%
BAWAG GROUP AG	Equities	AT	Financials	1.1%
CAPGEMINI SE	Equities	FR	Information Technology	0.9%
Cash, Cash Equivalents and Derivatives Operations	Cash, Cash Equivalents and Derivatives Operations			15.7%
CIE DE SAINT-GOBAIN SA	Equities	FR	Industrials	1.3%
CONTINENTAL AG	Equities	DE	Consumer Discretionary	0.6%
DATADOG INC	Equities	US	Information Technology	0.9%
DELIVERY HERO SE	Equities	DE	Consumer Discretionary	5.9%
DELL TECHNOLOGIES INC	Equities	US	Information Technology	0.7%
DEMANT A/S	Equities	DK	Healthcare	0.7%
DEUTSCHE TELEKOM AG	Equities	DE	Communication Services	1.5%
DOF GROUP ASA	Equities	NO	Energy	0.6%
DSV A/S	Equities	DK	Industrials	1.1%
EURONEXT NV	Equities	NL	Financials	1.0%
FRANCE 09/07/2025	Money Market	FR	Financials	3.9%
FRANCE 17/09/2025	Money Market	FR	Financials	10.5%
FRESENIUS SE & CO KGAA	Equities	DE	Healthcare	4.4%
HBX GROUP INTERNATIONAL PLC	Equities	ES	Consumer Discretionary	0.5%
HEINEKEN NV	Equities	NL	Consumer Staples	0.8%
HIAB OYJ	Equities	FI	Industrials	0.4%
INFINEON TECHNOLOGIES AG	Equities	DE	Information Technology	1.6%
INPOST SA	Equities	PL	Industrials	0.2%
INTERACTIVE BROKERS GROUP INC	Equities	US	Financials	0.4%
INTESA SANPAOLO SPA	Equities	IT	Financials	1.2%
JERONIMO MARTINS SGPS SA	Equities	PT	Consumer Staples	0.7%
KION GROUP AG	Equities	DE	Industrials	0.4%
LONZA GROUP AG	Equities	CH	Healthcare	0.3%
MERCADOLIBRE INC	Equities	UY	Consumer Discretionary	0.6%
META PLATFORMS INC	Equities	US	Communication Services	1.4%
MUENCHENER RUECKVERSICHERUNGS-GESELLSCHAFT AG IN MUENCHEN	Equities	DE	Financials	0.1%
MUNTERS GROUP AB	Equities	SE	Industrials	0.7%
NEXANS SA	Equities	FR	Industrials	0.8%
NVIDIA CORP	Equities	US	Information Technology	0.8%
ORANGE SA	Equities	FR	Communication Services	2.1%
PANDORA A/S	Equities	DK	Consumer Discretionary	1.3%
PIRAEUS FINANCIAL HOLDINGS SA	Equities	GR	Financials	1.2%
PRADA SPA	Equities	IT	Consumer Discretionary	1.2%
PROSUS NV	Equities	CN	Consumer Discretionary	2.6%
PRYSMIAN SPA	Equities	IT	Industrials	2.1%
RELX PLC	Equities	GB	Industrials	0.1%
SAP SE	Equities	DE	Information Technology	3.5%
SARTORIUS AG	Equities	DE	Healthcare	0.8%
SIEMENS ENERGY AG	Equities	DE	Industrials	1.4%
SIKA AG	Equities	CH	Materials	1.3%
SKF AB	Equities	SE	Industrials	0.8%
SK HYNIX INC	Equities	KR	Information Technology	0.9%
SNAM SPA	Equities	IT	Utilities	1.0%
SPOTIFY TECHNOLOGY SA	Equities	SE	Communication Services	0.8%
SSE PLC	Equities	GB	Utilities	0.2%
STMICROELECTRONICS NV	Equities	CH	Information Technology	0.8%
STORA ENSO OYJ	Equities	FI	Materials	0.5%
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD	Equities	TW	Information Technology	1.1%
UCB SA	Equities	BE	Healthcare	0.7%
VEND MARKETPLACES ASA	Equities	NO	Communication Services	0.8%
VIPSHOP HOLDINGS LTD	Equities	CN	Consumer Discretionary	0.3%
VONOVIA SE	Equities	DE	Real Estate	1.7%
WIENERBERGER AG	Equities	AT	Materials	0.5%
YETI HOLDINGS INC	Equities	US	Consumer Discretionary	0.7%

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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.