Institutional Manager · CIK 0001902567
Varenne Capital Partners
PARIS, I0 · File #028-21931
Latest AUM
$520.9M
Positions
28
Top-10 Concentration
75.1%
Filings
10
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| REDUCE | AMPHENOL CORP NEW | 032095101 | -418,186 | -$56.5M | +$6.9M |
| NEW | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | +182,745 | +$55.6M | $0 |
| REDUCE | UNIVERSAL HLTH SVCS INC | 913903100 | -150,317 | -$32.8M | +$2.5M |
| NEW | ON HLDG AG | H5919C904 | +35,700 | +$29.9M | $0 |
| EXITED | DISNEY WALT CO | 254687106 | -254,970 | -$29.2M | $0 |
| NEW | ELI LILLY & CO | LLY | +25,716 | +$27.6M | $0 |
| NEW | XYLEM INC | XYL | +199,927 | +$27.2M | $0 |
| EXITED | META PLATFORMS INC | 30303M902 | -3,000 | -$27.2M | $0 |
| NEW | MICROSOFT CORP | MSFT | +51,246 | +$24.8M | $0 |
| NEW | ANALOG DEVICES INC | ADI | +74,780 | +$20.3M | $0 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202528 pos · $520.9M
- 13F HOLDINGS REPORTQ/E Sep 202524 pos · $526.7M
- 13F HOLDINGS REPORTQ/E Jun 202522 pos · $576.5M
- 13F HOLDINGS REPORTQ/E Mar 202518 pos · $278.4M
- 13F HOLDINGS REPORTQ/E Dec 202417 pos · $338.9M
- 13F HOLDINGS REPORTQ/E Sep 202416 pos · $522.2M
- 13F HOLDINGS REPORTQ/E Jun 202416 pos · $396.1M
- 13F HOLDINGS REPORTQ/E Mar 202417 pos · $637.5M
- 13F HOLDINGS REPORTQ/E Dec 20238 pos · $103.5M
- 13F HOLDINGS REPORT (Amended)Q/E Dec 202311 pos · $214.6M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | TE CONNECTIVITY PLC | TEL | 284,802 | $64.8M | 12.45% |
| 2 | ARISTA NETWORKS INC | ANET | 442,083 | $58.0M | 11.13% |
| 3 | WABTEC | 929740108 | 263,672 | $56.3M | 10.81% |
| 4 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 182,745 | $55.6M | 10.67% |
| 5 | ON HLDG AG | H5919C904 | 35,700 | $29.9M | 5.74% |
| 6 | ELI LILLY & CO | LLY | 25,716 | $27.6M | 5.31% |
| 7 | XYLEM INC | XYL | 199,927 | $27.2M | 5.23% |
| 8 | AMPHENOL CORP NEW | 032095101 | 183,750 | $24.8M | 4.77% |
| 9 | MICROSOFT CORP | MSFT | 51,246 | $24.8M | 4.76% |
| 10 | UBER TECHNOLOGIES INC | UBER | 272,382 | $22.3M | 4.27% |
| 11 | NETFLIX INC | NFLX | 235,621 | $22.1M | 4.24% |
| 12 | AUTODESK INC | ADSK | 74,092 | $21.9M | 4.21% |
| 13 | CORNING INC | GLW | 241,150 | $21.1M | 4.06% |
| 14 | ANALOG DEVICES INC | ADI | 74,780 | $20.3M | 3.90% |
| 15 | UNIVERSAL HLTH SVCS INC | 913903100 | 33,940 | $7.4M | 1.42% |
| 16 | NIKE INC | NKE | 20,700 | $5.2M | 1.00% |
| 17 | GE VERNOVA INC | GEV | 7,818 | $5.1M | 0.98% |
| 18 | MICRON TECHNOLOGY INC | MU | 15,847 | $4.5M | 0.87% |
| 19 | BROADCOM INC | AVGO | 9,430 | $3.3M | 0.63% |
| 20 | BOOKING HOLDINGS INC | BKNG | 583 | $3.1M | 0.60% |