Share Class
LU2809794220
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
Equities95.9 %
Other4.1 %
Data as of: Jun 30, 2025.
Risk Indicator
1
2
3
4
5
6
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
+ 17.0 %
-
-
-
+ 33.2 %
To 06/08/2025
Calendar Year Performance 2015Calendar 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 2024
-
-
-
-
-
-
-
-
-
+ 6.1 %
Net Asset Value
116.98 €
Asset Under Management
252 M €
Net Equity Exposure30/06/2025
95.7 %
SFDR - Fund Classification
Article
9
Data as of: Jun 30, 2025.
Data as of: Aug 6, 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.
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: Jul 31, 2025.Fund management team
Performance commentary
Over the month of July the fund had a positive absolute return and outperformed its benchmark.
All our sub-themes contributed positively to the overall performance. Industrial Tech & Digital Infrastructure was the largest contributor to performance driven by continued performance in stocks like Broadcom and Nvidia.
In the Tech Materials bucket, TSMC continued to be a large performance contributor over the month. The firm reported a 61% year on year surge in Q2 profit, reaching a record high and beating market expectations.
In the Cloud & Software space, Alphabet was among our best performers driven by a 14% year on year revenue surge, with Google cloud revenues up 32%.
Outlook strategy
- In July, we initiated new positions in the Tech Materials space with Nitto Boseki, the Japanese producer of substrates, components in circuit boards. Within the AI value chain, these materials are used in servers for their exceptional thermal and mechanical stability.
- Over the month, we also continued building our position in MediaTek, initiated in May and increased our weights to Alphabet, Amazon.
Performance Overview
Data as of: Aug 6, 2025.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 08/08/2025
Carmignac Portfolio Tech Solutions Portfolio overview
Below is an overview of the composition of the portfolio.
Geographical Breakdown
Data as of: Jun 30, 2025.| North America | 67.3 % |
| Asia | 26.2 % |
| Europe | 6.6 % |
To Access the weekly view
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: Jun 30, 2025.Equity Investment Weight95.9 %
Net Equity Exposure95.7 %
Number of Equity Issuers40
Active Share58.9 %
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
Thematic equities • July 17, 2025 • English
Carmignac Portfolio Tech Solutions: A Fund that represents a long-term conviction
3 minute(s) read
Thematic equities • July 17, 2025 • English
Carmignac Portfolio Tech Solutions: Letter from the Fund Manager - Q2 2025
2 minute(s) read
Fixed Income Strategy • April 28, 2025 • English
Merger of “Climate Transition” into “Tech Solutions” in Carmignac Portfolio
Did you enjoy the fund page?
Past performance is not necessarily indicative of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor).
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
• US second-quarter earnings season began strongly, with results exceeding expectations and boosting market confidence, pushing US equities higher.
• Technology stocks outperformed again in July, with the “Magnificent Seven” delivering strong earnings and revenue growth versus broader market
• European equities underperformed in July, as European tech firms warned of long-term growth risks from US trade policy and consumer sectors struggled with weak demand from China.
• Emerging market equities outperformed thanks to strong performance from Greater China, Korea, and Taiwan—driven by improved Chinese economic sentiment, AI investment momentum, and higher metal prices.