Share Class
LU2809794576
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
Equities97.9 %
Other2.1 %
Data as of: Jul 31, 2025.
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
+ 19.7 %
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+ 33.7 %
To 04/09/2025
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
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+ 6.5 %
Net Asset Value
119.73 €
Asset Under Management
255 M €
Net Equity Exposure31/07/2025
97.8 %
SFDR - Fund Classification
Article
9
Data as of: Jul 31, 2025.
Data as of: Sep 4, 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: Aug 29, 2025.Fund management team
Performance commentary
Over the month of August the fund had a negative absolute return but outperformed its benchmark.
Our positive relative performance came mostly from stock selection in our Industrial Tech & Digital Infrastructure theme.
Arista Networks, Astera Labs and Innodisk were among our largest performance contributors as demand for scalable, high performance networking and connectivity solutions drove growth across the sector.
In the cloud & software space, Alphabet was our top contributor over the month with continued performance we have been seeing over the past months.
Outlook strategy
In August, we continued building our position in Nitto Boseki within the Tech Materials space.
Within the AI value chain, these materials are used in servers for their exceptional thermal and mechanical stability.
Similarly we added to our position in Broadcom by trimming names that performed well like Astera Labs and Arista Networks.
Over the month, We also initiated a small position in Qualcomm based on valuation and the potential upside in AI. And sold out of small positions we had in Vertiv and Oracle.
Performance Overview
Data as of: Sep 4, 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 07/09/2025
Carmignac Portfolio Tech Solutions Portfolio overview
Below is an overview of the composition of the portfolio.
Geographical Breakdown
Data as of: Jul 31, 2025.| North America | 64.0 % |
| Asia | 28.2 % |
| Europe | 7.0 % |
| Asia-Pacific | 0.8 % |
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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: Jul 31, 2025.Equity Investment Weight97.9 %
Net Equity Exposure97.8 %
Number of Equity Issuers42
Active Share60.7 %
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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
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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 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
• At Jackson Hole, following the release of July’s US non-farm payrolls—which suggested a slowing labour market—Powell opened the door to potential mid-September rate cuts. This fueled expectations of an aggressive cutting cycle.
• European markets underperformed in local currencies, with France lagging in particular due to political uncertainties.
• Chinese onshore equities rose to decade highs, supported by optimism around anti-involution reforms, strength in the technology sector, and incremental government measures aimed at boosting the equity market.
• The euro appreciated against the dollar over the period, creating a divergence between local currency and euro-denominated index performances.