Share Class
LU2809794659
A Fund unleashing the potential of tech companies across the world
- Investing in companies that are driving innovation that represent a solution to a changing world.
- An opportunistic approach capturing attractive trends worldwide across the value chain.
- A strategy that goes beyond investing in the tech sector by capturing technology in a wider spectrum.
Key documents
Asset Allocation
Equities98.6 %
Other1.4 %
Data as of: Nov 28, 2025.
Risk Indicator
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7
Lowest risk
Highest risk
Recommended Minimum Investment Horizon
5 years
Cumulative Performance since launch
Cumulative Performance 10 YearsCumulative Performance 5 YearsCumulative Performance 3 YearsCumulative Performance 12 Months
+ 54.7 %
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-
-
+ 46.5 %
To 08/01/2026
Calendar Year Performance 2016Calendar Year Performance 2017Calendar Year Performance 2018Calendar Year Performance 2019Calendar Year Performance 2020Calendar Year Performance 2021Calendar Year Performance 2022Calendar Year Performance 2023Calendar Year Performance 2024Calendar Year Performance 2025
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-
-
-
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+ 3.3 %
+ 47.1 %
Net Asset Value
154.66 $
Asset Under Management
359 M €
Net Equity Exposure28/11/2025
97.4 %
SFDR - Fund Classification
Article
9
Data as of: Nov 28, 2025.
Data as of: Jan 8, 2026.
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.
The Sustainable Finance Disclosure Regulation (SFDR) 2019/2088 is a European regulation that requires asset managers to classify their funds as either 'Article 8' funds, which promote environmental and social characteristics, 'Article 9' funds, which make sustainable investments with measurable objectives, or 'Article 6' funds, which do not necessarily have a sustainability objective. For more information please refer to https://eur-lex.europa.eu/eli/reg/2019/2088/oj.
Carmignac Portfolio Tech Solutions fund performance
Take a look at the Fund's performance supported by our Fund managers’ market commentary and strategy insight.
Our monthly comments
Data as of: Dec 31, 2025.Fund management team
Performance commentary
- Over the month of December, the fund had a positive absolute return versus a benchmark that was down -0.30%.
- Our Asian Tech Material names were among our largest contributors with SK Hynix and TSMC leading the pack. TSMC continued its performance run driven by strong sales numbers as well as being on time in the high volume manufacturing of their 2nm technology.
- While our Industrial Tech & Digital infrastructure bucket lagged in December, Nvidia and Samsung limited losses. Nvidia’s demand visibility for Blackwell and next gen Rubin chips orders reinforces their position as backbone of global AI computing.
- Largest detractors over the month was among our software names on the back of AI disruption fears in the case of ServiceNow as well as monetisation timelines for AI investments in the case of Microsoft.
Outlook strategy
- In December we initiated a new position in Vertiv, leader in providing infrastructure to datacentres as they are undergoing rapid growth, as well as in Disco, the Japanese hardware company benefitting from chip volume growth.
- We also exited our positions in Synopsys and Cadence, which we had trimmed over the past few months for names with better risk reward.
- We continued building our position in Allring the Taiwanese semiconductor equipment supplier, which supplies 20-30% of TSMCs advanced packaging technology, as well as in Samsung, which we had initiated in November.
- In the Industrial Tech & Digital Infrastructure bucket, we added back to Arista, Amphenol and Broadcom on recent weakness.
- To reinforce these positions we took profits on names that had performed well, such as Elite Materials, Mediatek and Innodisk.
- In the current environment we believe it is important to look at all segments of Technology and capture entry points in areas we think demonstrate undervalued growth.
Performance Overview
Data as of: Jan 8, 2026.Past performance is not necessarily indicative of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor).
Morningstar Rating™ : © Morningstar, Inc. All Rights Reserved. The information contained herein: is proprietary to Morningstar and/or its content providers; may not be copied or distributed; and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
From 01/01/2013 the equity index reference indicators are calculated net dividends reinvested.
The return may increase or decrease as a result of currency fluctuations, for the shares which are not currency-hedged.
Source: Carmignac at 09/01/2026
Carmignac Portfolio Tech Solutions Portfolio overview
Below is an overview of the composition of the portfolio.
Geographical Breakdown
Data as of: Nov 28, 2025.| North America | 62.7 % |
| Asia | 30.2 % |
| Europe | 5.0 % |
| Asia-Pacific | 2.1 % |
| Eastern Europe | - |
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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: Nov 28, 2025.Equity Investment Weight98.6 %
Net Equity Exposure97.4 %
Number of Equity Issuers41
Active Share62.5 %
To Access the weekly view
The strategy in a nutshell
Discover the Fund’s main features and benefits through the words of the Fund Manager.
Fund Management Team
Now that technology is accelerating at a faster pace, we aim to capitalise on the significant impact it is having on global equity markets.
Articles that may interest you
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Carmignac Portfolio Tech Solutions at the time of the AI revolution
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Carmignac Portfolio Tech Solutions: Letter from the Fund Manager - Q3 2025
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Strategies insights • July 17, 2025 • English
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Past performance is not necessarily indicative of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor).
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.
Market environment