# Varenne Capital Partners

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1902567. Source: https://holderbook.com/funds/1902567-varenne-capital-partners/

- Reported value: $603.3M
- Positions: 30
- Weight of the ten largest: 73.0%
- Filed: 2026-08-10

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $82.0M | 217,265 | 13.6% | 4 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $73.2M | 153,341 | 12.1% | 3 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $71.1M | 419,076 | 11.8% | 6 |
| WOODWARD INC | [WWD](https://holderbook.com/stocks/WWD/) | $36.8M | 86,629 | 6.1% | 1 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $32.8M | 186,110 | 5.4% | 8 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $31.5M | 26,251 | 5.2% | 3 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $31.0M | 154,959 | 5.1% | 1 |
| LAUDER ESTEE COS INC | [EL](https://holderbook.com/stocks/EL/) | $28.1M | 355,673 | 4.7% | 1 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $27.8M | 70,156 | 4.6% | 3 |
| CBOE GLOBAL MKTS INC | [CBOE](https://holderbook.com/stocks/CBOE/) | $25.9M | 106,908 | 4.3% | 1 |
| FIVE BELOW INC | [FIVE](https://holderbook.com/stocks/FIVE/) | $25.3M | 140,847 | 4.2% | 1 |
| HERSHEY CO | [HSY](https://holderbook.com/stocks/HSY/) | $22.3M | 127,096 | 3.7% | 1 |
| GLOBUS MED INC | [GMED](https://holderbook.com/stocks/GMED/) | $18.8M | 238,200 | 3.1% | 2 |
| GE HEALTHCARE TECHNOLOGIES I | [GEHC](https://holderbook.com/stocks/GEHC/) | $15.5M | 242,161 | 2.6% | 4 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $14.5M | 61,050 | 2.4% | 1 |
| V F CORP | [VFC](https://holderbook.com/stocks/VFC/) | $13.7M | 820,157 | 2.3% | 1 |
| GXO LOGISTICS INCORPORATED | [GXO](https://holderbook.com/stocks/GXO/) | $6.8M | 135,089 | 1.1% | 2 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $6.1M | 5,305 | 1.0% | 4 |
| TEXTRON INC | [TXT](https://holderbook.com/stocks/TXT/) | $5.8M | 63,169 | 1.0% | 1 |
| WASTE CONNECTIONS INC | [WCN](https://holderbook.com/stocks/WCN/) | $5.7M | 34,303 | 0.9% | 1 |
| WABTEC | [WAB](https://holderbook.com/stocks/WAB/) | $5.5M | 20,473 | 0.9% | 9 |
| SCHWAB CHARLES CORP | [SCHWPRD](https://holderbook.com/stocks/SCHWPRD/) | $5.2M | 0 | 0.9% | 1 |
| JOHNSON CONTROLS INTERNATION | [JCI](https://holderbook.com/stocks/JCI/) | $4.9M | 33,223 | 0.8% | 2 |
| ROSS STORES INC | [ROST](https://holderbook.com/stocks/ROST/) | $4.0M | 18,694 | 0.7% | 1 |
| CHART INDS INC | [GTLS](https://holderbook.com/stocks/GTLS/) | $3.7M | 17,874 | 0.6% | 3 |
| WARNER BROS DISCOVERY INC | [WBD](https://holderbook.com/stocks/WBD/) | $2.8M | 103,500 | 0.5% | 1 |
| WARNER BROS DISCOVERY INC | [WBD](https://holderbook.com/stocks/WBD/) | $2.1M | 0 | 0.3% | 1 |
| BRADY CORP | [BRC](https://holderbook.com/stocks/BRC/) | $299.1K | 3,269 | 0.0% | 1 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $87.5K | 0 | 0.0% | 5 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $65.2K | 0 | 0.0% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +18.9% | +14.8% | +4.1% | 98% |
| Q1 2026 | +0.2% | -4.6% | +4.8% | 100% |
| Q4 2025 | +0.6% | +2.4% | -1.7% | 99% |
| Q3 2025 | +9.9% | +7.8% | +2.1% | 99% |
| Q2 2025 | +22.5% | +10.5% | +12.0% | 100% |
| Q1 2025 | -9.4% | -4.6% | -4.9% | 100% |
| Q4 2024 | +6.6% | +2.1% | +4.4% | 99% |
| Q3 2024 | +5.1% | +5.4% | -0.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $603.3M | 30 |
| Q1 2026 | $413.0M | 30 |
| Q4 2025 | $520.9M | 26 |
| Q3 2025 | $526.7M | 24 |
| Q2 2025 | $576.5M | 22 |
| Q1 2025 | $278.4M | 18 |
| Q4 2024 | $338.9M | 17 |
| Q3 2024 | $522.2M | 16 |
| Q2 2024 | $396.1M | 16 |
| Q1 2024 | $637.5M | 17 |
| Q4 2023 | $334.7M | 19 |
| Q3 2023 | $103.5M | 8 |