Carmignac Portfolio Absolute Return Europe

Share Class

LU2923680206

Risk Indicator

3 / 7

Recommended Minimum Investment Horizon

3 years

Net Asset Value

97.62 €

Asset Under Management

49 M €

Net Equity Exposure30/09/2025

23.1 %

SFDR - Fund Classification

Article 8

Data as of: Nov 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.

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: Sep 30, 2025.

Equity Investment Weight68.3 %

Net Equity Exposure23.1 %

Number of Equity Issuers64

Active Share46.7 %

To Access the weekly view

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: Sep 30, 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 31, 2025.


Equity derivatives
ESTX BNK € PR
EURO STOXX 50 PR
NASDAQ 100 STOCK INDX
STXE 600 € PR
STXE 600 AU&PT € PR
STXE 600 IG&S € PR
STXE 600 REES € PR

Total (Long + Short)

-39.7 %

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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: Sep 30, 2025.


ABB LTDCH0012221716	Equities	CH	Industrials	0.2%
ADIDAS AGDE000A1EWWW0	Equities	DE	Consumer Discretionary	1.5%
AIR LIQUIDE SAFR0000120073	Equities	FR	Materials	1.7%
ALLEGRO.EU SALU2237380790	Equities	PL	Consumer Discretionary	1.6%
ALLFUNDS GROUP PLCGB00BNTJ3546	Equities	GB	Financials	0.8%
ALPHA BANK SAGRS830003000	Equities	GR	Financials	0.8%
ALPHABET INCUS02079K3059	Equities	US	Communication Services	0.6%
AMAZON.COM INCUS0231351067	Equities	US	Consumer Discretionary	1.6%
ASM INTERNATIONAL NVNL0000334118	Equities	NL	Information Technology	2.2%
ASR NEDERLAND NVNL0011872643	Equities	NL	Financials	2.0%
AUMOVIO SEDE000AUM0V10	Equities	DE	Consumer Discretionary	0.4%
BANCA MONTE DEI PASCHI DI SIENA SPAIT0005508921	Equities	IT	Financials	1.6%
BASF SEDE000BASF111	Equities	DE	Materials	0.5%
BAWAG GROUP AGAT0000BAWAG2	Equities	AT	Financials	1.1%
CARMIGNAC COURT TERMEFR0010149161	Money Market	FR		8.2%
Cash, Cash Equivalents and Derivatives OperationsCASH	Cash, Cash Equivalents and Derivatives Operations			12.7%
CIE DE SAINT-GOBAIN SAFR0000125007	Equities	FR	Industrials	1.0%
COINBASE GLOBAL INCUS19260Q1076	Equities	US	Financials	0.3%
DELIVERY HERO SEDE000A2E4K43	Equities	KR	Consumer Discretionary	6.1%
DELL TECHNOLOGIES INCUS24703L2025	Equities	US	Information Technology	1.0%
DEUTSCHE TELEKOM AGDE0005557508	Equities	DE	Communication Services	1.0%
DOF GROUP ASANO0012851874	Equities	NO	Energy	0.6%
DSV A/SDK0060079531	Equities	DK	Industrials	1.0%
FIRST SOLAR INCUS3364331070	Equities	US	Information Technology	0.2%
FLATEXDEGIRO AGDE000FTG1111	Equities	DE	Financials	0.5%
FRANCE 11/03/2026CASH	Money Market	FR	Financials	10.8%
FRESENIUS SE & CO KGAADE0005785604	Equities	DE	Healthcare	4.4%
HEIDELBERG MATERIALS AGDE0006047004	Equities	DE	Materials	0.5%
ING GROEP NVNL0011821202	Equities	NL	Financials	0.9%
INPOST SALU2290522684	Equities	PL	Industrials	0.1%
INTESA SANPAOLO SPAIT0000072618	Equities	IT	Financials	0.8%
KINGSPAN GROUP PLCIE0004927939	Equities	IE	Industrials	0.1%
KION GROUP AGDE000KGX8881	Equities	DE	Industrials	0.5%
L'OREAL SAFR0000120321	Equities	FR	Consumer Staples	0.9%
META PLATFORMS INCUS30303M1027	Equities	US	Communication Services	1.1%
MICROSOFT CORPUS5949181045	Equities	US	Information Technology	1.5%
NEXANS SAFR0000044448	Equities	FR	Industrials	0.8%
NOBA BANK GROUP ABSE0023135298	Equities	SE	Industrials	0.6%
NOVONESIS NOVOZYMES BDK0060336014	Equities	DK	Materials	0.7%
NOVO NORDISK A/SDK0062498333	Equities	DK	Healthcare	0.5%
NVIDIA CORPUS67066G1040	Equities	US	Information Technology	1.2%
ORANGE SAFR0000133308	Equities	FR	Communication Services	1.7%
PANDORA A/SDK0060252690	Equities	DK	Consumer Discretionary	0.8%
PELOTON INTERACTIVE INCUS70614W1009	Equities	US	Consumer Discretionary	0.6%
PERNOD RICARD SAFR0000120693	Equities	FR	Consumer Staples	0.2%
PIRAEUS FINANCIAL HOLDINGS SAGRS014003032	Equities	GR	Financials	1.5%
PRADA SPAIT0003874101	Equities	IT	Consumer Discretionary	1.3%
PROSUS NVNL0013654783	Equities	CN	Consumer Discretionary	3.0%
PRYSMIAN SPAIT0004176001	Equities	IT	Industrials	0.8%
ROCHE HOLDING AGCH0012032048	Equities	CH	Healthcare	0.2%
SAFRAN SAFR0000073272	Equities	FR	Industrials	1.1%
SAMSUNG ELECTRONICS CO LTDKR7005930003	Equities	KR	Information Technology	1.0%
SAP SEDE0007164600	Equities	DE	Information Technology	1.0%
SARTORIUS AGDE0007165631	Equities	DE	Healthcare	1.1%
SIEMENS ENERGY AGDE000ENER6Y0	Equities	DE	Industrials	1.7%
SOCIETE GENERALE SAFR0000130809	Equities	FR	Financials	1.2%
SPOTIFY TECHNOLOGY SALU1778762911	Equities	SE	Communication Services	1.2%
SSE PLCGB0007908733	Equities	GB	Utilities	0.2%
STMICROELECTRONICS NVNL0000226223	Equities	CH	Information Technology	1.4%
STORA ENSO OYJFI0009005961	Equities	FI	Materials	0.7%
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTDUS8740391003	Equities	TW	Information Technology	1.0%
TROAX GROUP ABSE0012729366	Equities	SE	Industrials	0.3%
UCB SABE0003739530	Equities	BE	Healthcare	1.0%
VEND MARKETPLACES ASANO0003028904	Equities	NO	Communication Services	0.5%
VIPSHOP HOLDINGS LTDUS92763W1036	Equities	CN	Consumer Discretionary	0.6%
YETI HOLDINGS INCUS98585X1046	Equities	US	Consumer Discretionary	0.5%
ZALANDO SEDE000ZAL1111	Equities	DE	Consumer Discretionary	0.8%

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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.