Share Class
LU2812616816
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
Equities97.1 %
Other2.9 %
Data as of: Jan 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
+ 54.5 %
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+ 45.2 %
To 10/02/2026
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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+ 3.2 %
+ 46.7 %
Net Asset Value
154.54 $
Asset Under Management
431 M €
Net Equity Exposure30/01/2026
90.6 %
SFDR - Fund Classification
Article
9
Data as of: Jan 30, 2026.
Data as of: Feb 10, 2026.
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.
Sustainable Finance Disclosure Regulation (SFDR) 2019/2088. The SFDR classification of the Funds may change over time.
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: Jan 30, 2026.Fund management team
Performance commentary
- Over the month of January, the fund had a strong absolute and relative return driven by strong stock selection in semiconductors, tech hardware and tech related industrial names.
- In line with what we saw at the end of last year, our Asian Tech Material names were among our largest contributors with SK Hynix and TSMC leading the pack driven by investor confidence linked to demand for their products and strong 2026 revenue guidance. Both companies are at the heart of the AI hardware boom benefitting from structural demand, tight supply, and pricing power across advanced semiconductors and memory.
- Nitto Boseki one of tech related industrial names in the Tech Materials space was also a large contributor to performance. The Japanese company plays a critical role in supplying high grade glass fibre used in semiconductor substrates.
- Our cloud & software names suffered over the month. Software companies like Atlassian, ServiceNow and Salesforce lagged in January driven by Anthropic’s launch of Claude Cowork, on fears that AI agents could replace human workflows and reduce the need for some of this software.
Outlook strategy
- In January we continued building our position in Samsung as we see continued AI driven demand for memory in a strategic segment where we see supply chain limitations.
- We also continued building our position in Disco the Japanese hardware company benefitting from chip volume growth.
- On the other hand, we reduced our weight in Mediatek, which we started reducing the previous month and keysight which had recently performed well.
- Over the month, we initiated a few new positions: Hainan Drinda New Energy, which we view as a producer of efficient solar power solutions; Yageo, in the Industrial Tech & Digital Infrastructure space, which provides critical subcomponents used across the technology ecosystem; and Pure Storage, in the Cloud & Software segment, which delivers high‑performance storage solutions on which AI workloads increasingly depend.
- 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.
Performance Overview
Data as of: Feb 10, 2026.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 11/02/2026
Carmignac Portfolio Tech Solutions Portfolio overview
Below is an overview of the composition of the portfolio.
Geographical Breakdown
Data as of: Jan 30, 2026.| North America | 59.8 % |
| Asia | 34.5 % |
| Asia-Pacific | 3.3 % |
| Europe | 2.3 % |
| Eastern Europe | - |
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: Jan 30, 2026.Equity Investment Weight97.1 %
Net Equity Exposure90.6 %
Number of Equity Issuers43
Active Share59.6 %
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.
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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).
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