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.
Asset Allocation
Equities95,3 %
Other4,7 %
Data as of: Apr 30, 2026.
Risk Indicator
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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
+ 110,4 %
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+ 85,2 %
To 04/06/2026
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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+ 3,3 %
+ 47,1 %
Net Asset Value
210,36 $US
Asset Under Management
653 M €
Net Equity Exposure30/04/2026
95,6%
SFDR - Fund Classification
Article
9
Data as of: Apr 30, 2026.
Data as of: Jun 4, 2026.
Past performance is not necessarily indicative of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor). The Fund presents a risk of loss of capital.
The return may increase or decrease as a result of currency fluctuations, for the shares which are not currency-hedged.
Sustainable Finance Disclosure Regulation (SFDR) 2019/2088. The SFDR classification of the Funds may change over time.
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.
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: May 29, 2026.Fund management team
Performance commentary
- Over the month of May, the fund delivered a strong positive absolute performance but underperformed its reference indicator, driven primarily by a more selective exposure within Information Technology and an underweight to parts of the benchmark that rallied sharply.
- Performance was once again led by our exposure to Tech Materials and the broader enabling layer of the semiconductor ecosystem, with names such as SK Hynix and TSMC as well as Astera Labs, the connectivity manufacturer, among the largest contributors, reflecting continued momentum in high-bandwidth memory and data centre connectivity solutions, key bottlenecks in AI infrastructure.
- We also saw strong contributions from application software and systems software names, notably Atlassian and Servicenow, which benefited from resilient enterprise demand and improving sentiment around monetisation of AI capabilities.
- On the other hand, performance was held back by several idiosyncratic detractors within our Asian Tech Materials and industrial supply chain exposure, particularly Nitto Boseki and Disco, both of which declined materially over the month, following a strong run in performance for both names.
- In addition, some communications equipment like Arista Network detracted over the month despite earnings beat in Q1, driven by disappointing guidance versus very high expectations and selective software names.
Outlook strategy
- Over the month, we maintained our conviction in the AI infrastructure build-out, continuing to focus on companies positioned at critical nodes of the value chain, notably in semiconductors, advanced packaging and connectivity.
- Names that we have added to over the month were Asia Vital and Nitto Boseki on weakness.
- In May we have also new names in the Tech Materials space with LPKF Laser & Electronics, Ichor and Grand process technology, three companies positioned at critical nodes of the semiconductor value chain, providing laser-based precision manufacturing solutions, fluid delivery subsystems and advanced process equipment respectively, all of which play a key enabling role in scaling AI-driven semiconductor production and advanced packaging
- We have reduced our weight to software and remain disciplined where we see a divergence between long-term structural beneficiaries of AI and legacy models facing disruption, which we continue to reflect through selective positioning.
- We took profits in Atlassian and ServiceNow that had a good month and exited Workday.
- In the current environment, we continue to emphasise diversification across the technology stack, balancing high-growth semiconductor exposure with more cyclical and valuation-sensitive segments of the ecosystem, while actively managing position sizing in areas that have experienced very strong rallies.
Performance Overview
Data as of: Jun 4, 2026.Past performance is not necessarily indicative of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor). The Fund presents a risk of loss of capital.
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 06/06/2026
Carmignac Portfolio Tech Solutions Portfolio overview
Below is an overview of the composition of the portfolio.
Geographical Breakdown
Data as of: Apr 30, 2026.| North America | 55,4% |
| Asia | 32,1% |
| Asia-Pacific | 7,4% |
| Europe | 5,1% |
| 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: Apr 30, 2026.Equity Investment Weight95,3%
Net Equity Exposure95,6%
Number of Equity Issuers47
Active Share62,7%
To Access the weekly view
Articles that may interest you
Strategies insights • April 20, 2026 • English
Carmignac Portfolio Tech Solutions: Letter from the Fund Manager - Q1 2026
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Strategies insights • January 27, 2026 • English
Carmignac Portfolio Tech Solutions: Letter from the Fund Manager - Q4 2025
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Strategies insights • December 3, 2025 • English
Carmignac Portfolio Tech Solutions at the time of the AI revolution
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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). The Fund presents a risk of loss of capital.
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