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
Equities96.6 %
Other3.4 %
Data as of: Feb 27, 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
+ 60.3 %
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+ 93.4 %
To 08/04/2026
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
160.35 $
Asset Under Management
454 M €
Net Equity Exposure27/02/2026
90.1 %
SFDR - Fund Classification
Article
9
Data as of: Feb 27, 2026.
Data as of: Apr 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 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: Mar 31, 2026.Fund management team
Performance commentary
- Over the month of March, the fund had a negative absolute performance slightly below its reference indicator, mostly driven by our allocation to industrial Tech & digital Infrastructure and Tech Materials. The sharp correction in semiconductors over the month was the dominant force in our returns over the month.
- Semiconductor names like SK Hynix, and TSMC were large detractors over the month due to the escalation of the conflict in the Middle East and energy shock triggering a risk off move which saw profit taking in AI and semiconductor stocks.
- Our off-benchmark names in the industrial sector such as Nitto Boseki, the Japanese materials company producing glass fibre used in semiconductor packaging, making it a critical upstream supplier for AI chips also suffered on the back of this broader risk off environment.
- On the other hand, while software was hit hard over the first two months of the year, with SaaS names leading the decline amid persistent concerns that agentic AI could disrupt software business models they provided some resilience during this month’s downturn. Servicenow, Workday and Twilio are examples of this resilience.
Outlook strategy
- In March, we trimmed some of our memory names, mostly Samsung, while keeping SK Hynix as our preferred name in the sector.
- We also took profits in names that had done well like All Ring and Lotes in the Tech Materials bucket, while adding to ASML, Europe’s most important technology company.
- On price weakness, we also added to Nitto Boseki, and Broadcom as well as continued building our position in JX advanced Metals, which supplies hard to replicate materials for AI chips as well as Credo Technology, which provides high speed, low power connectivity at a data center level.
- In regard to hyperscalers, we have reduced our exposure to Microsoft in favor of Alphabet and Amazon.
- We see Alphabet as relatively better positioned in the current environment, while Amazon should benefit from an acceleration in growth as capital expenditure catches up with demand
- Over the month we initiated a position in Schneider Electric, which we held in the past and plays the global electrification theme.
- 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 as well as diversify our holdings across software, where we maintain a selective exposure to the most robust players, supported by historically attractive valuations.
Performance Overview
Data as of: Apr 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 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 10/04/2026
Carmignac Portfolio Tech Solutions Portfolio overview
Below is an overview of the composition of the portfolio.
Geographical Breakdown
Data as of: Feb 27, 2026.| North America | 52.9 % |
| Asia | 38.7 % |
| Asia-Pacific | 6.4 % |
| Europe | 2.0 % |
| 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: Feb 27, 2026.Equity Investment Weight96.6 %
Net Equity Exposure90.1 %
Number of Equity Issuers45
Active Share65.5 %
To Access the weekly view
Articles that may interest you
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Carmignac Portfolio Tech Solutions: Letter from the Fund Manager - Q4 2025
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Strategies insights • October 21, 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). 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