Varenne Capital Partners

CIK

1902567

Location

PARIS, I0

Portfolio Value

Small $375,783,004

Diversification

Diversified

Filing Date

Global Rank

#3,045 / 8,603 ▼ 325 · as of Mar 2026

Top Industry

Semiconductors 25.3%

3Y Alpha vs SPY

-2.7%

Period ended 3 months ago

Filed May 13, 2026 · 57d

18 quarters · since Dec 2021

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+64.1%

SPY

+76.5%

Annualised alpha

-2.9%

Max drawdown

−25.4%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

27 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

16.6%

+3.0 pts

Top 5

51.0%

−3.9 pts

Top 10

80.9%

+0.6 pts

HHI

830

Diversified−3

Portfolio Trend

18 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	58.3%	$218,992,234	11
Healthcare	20.9%	$78,472,587	6
Industrials	8.6%	$32,495,013	6
Communication Services	6.4%	$24,177,457	1
Consumer Cyclical	5.8%	$21,645,713	3

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

11 positions

Ticker	Company	Δ Shares	Shares	Value
HOLX	HOLOGIC INC	+18,260	47,376	$3,581,151
AL	SUMISHO AIR LEASE CORP	+7,741	53,629	$3,482,667
ADI	Analog Devices Inc	+6,264	81,044	$25,783,338
GTLS	Chart Industries Inc	+5,874	17,874	$3,695,449
BKNG	Booking Holdings Inc.	+5,835	6,418	$1,080,873
TSM	Taiwan Semiconductor Manufacturing Co Ltd	+1,862	184,607	$62,387,935
APH	Amphenol Corp /De/	+1,617	185,367	$23,421,120
MSFT	Microsoft Corp	+572	51,818	$19,181,469
LLY	ELI LILLY & Co	+345	26,061	$23,970,125
GEHC	GE HealthCare Technologies Inc.	+279	17,636	$1,255,330
AVGO	Broadcom Inc.	+126	9,556	$2,957,677
No positions match the current search.

Trimmed

Positions the filer reduced

5 positions

Ticker	Company	Δ Shares	Shares	Value
WAB	Westinghouse Air Brake Technologies Corp	−244,458	19,214	$4,801,770
TEL	TE Connectivity plc	−163,760	121,042	$25,300,198
ANET	Arista Networks, Inc.	−22,069	420,014	$51,569,318
MU	Micron Technology Inc	−3,668	12,179	$4,114,553
GEV	GE Vernova Inc.	−1,533	6,285	$5,486,176
No positions match the current search.

New Positions

Positions the filer opened this quarter

11 positions

Ticker	Company	Shares	Value
NVST	Envista Holdings Corp	1,051,029	$26,664,605
T	At&T Inc.	833,993	$24,177,457
GMED	Globus Medical Inc	236,615	$20,386,748
DECK	Deckers Outdoor Corp	202,718	$20,290,044
GXO	GXO Logistics, Inc.	162,766	$8,439,417
JCI	Johnson Controls International plc	50,321	$6,589,534
FOLD	AMICUS THERAPEUTICS, INC.	180,818	$2,614,628
OS	OneStream, Inc.	76,906	$1,845,744
CWAN	Clearwater Analytics Holdings, Inc.	76,841	$1,817,289
ROP	Roper Technologies Inc	1,734	$613,593
SEE	SEALED AIR CORP/DE	6,535	$274,796
No positions match the current search.

Sold Out

Positions the filer fully exited

8 positions

Ticker	Company	Shares	Value
XYL	Xylem Inc.	199,927	$27,226,058
UBER	Uber Technologies, Inc	272,382	$22,256,333
NFLX	Netflix Inc	235,621	$22,091,824
ADSK	Autodesk, Inc.	74,092	$21,931,972
GLW	Corning Inc /Ny	241,150	$21,115,094
UHS	Universal Health Services Inc	33,940	$7,399,598
PYPL	PayPal Holdings, Inc.	21,031	$1,227,789
Q	Qnity Electronics, Inc.	3,077	$251,237
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

27 positions · $375,783,004 total · as of Mar 31, 2026

All sectors Communication Services Consumer Cyclical Healthcare Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Added	184,607	+1,862	$62,387,935	+12.3%	16.60%
ANET	Arista Networks, Inc. Technology	Reduced	420,014	-22,069	$51,569,318	−11.0%	13.72%
NVST	Envista Holdings Corp Healthcare	NEW	1,051,029	NEW	$26,664,605	NEW	7.10%
ADI	Analog Devices Inc Technology	Added	81,044	+6,264	$25,783,338	+27.1%	6.86%
TEL	TE Connectivity plc Technology	Reduced	121,042	-163,760	$25,300,198	−61.0%	6.73%
T	At&T Inc. Communication Services	NEW	833,993	NEW	$24,177,457	NEW	6.43%
LLY	ELI LILLY & Co Healthcare	Added	26,061	+345	$23,970,125	−13.3%	6.38%
APH	Amphenol Corp /De/ Technology	Added	185,367	+1,617	$23,421,120	−5.7%	6.23%
GMED	Globus Medical Inc Healthcare	NEW	236,615	NEW	$20,386,748	NEW	5.43%
DECK	Deckers Outdoor Corp Consumer Cyclical	NEW	202,718	NEW	$20,290,044	NEW	5.40%
MSFT	Microsoft Corp Technology	Added	51,818	+572	$19,181,469	−22.6%	5.10%
GXO	GXO Logistics, Inc. Industrials	NEW	162,766	NEW	$8,439,417	NEW	2.25%
JCI	Johnson Controls International plc Industrials	NEW	50,321	NEW	$6,589,534	NEW	1.75%
GEV	GE Vernova Inc. Industrials	Reduced	6,285	-1,533	$5,486,176	+7.4%	1.46%
WAB	Westinghouse Air Brake Technologies Corp Industrials	Reduced	19,214	-244,458	$4,801,770	−91.5%	1.28%
MU	Micron Technology Inc Technology	Reduced	12,179	-3,668	$4,114,553	−9.0%	1.09%
GTLS	Chart Industries Inc Industrials	Added	17,874	+5,874	$3,695,449	+49.3%	0.98%
HOLX	HOLOGIC INC Healthcare	Added	47,376	+18,260	$3,581,151	+65.1%	0.95%
AL	SUMISHO AIR LEASE CORP Industrials	Added	53,629	+7,741	$3,482,667	+18.2%	0.93%
AVGO	Broadcom Inc. Technology	Added	9,556	+126	$2,957,677	−9.4%	0.79%
FOLD	AMICUS THERAPEUTICS, INC. Healthcare	NEW	180,818	NEW	$2,614,628	NEW	0.70%
OS	OneStream, Inc. Technology	NEW	76,906	NEW	$1,845,744	NEW	0.49%
CWAN	Clearwater Analytics Holdings, Inc. Technology	NEW	76,841	NEW	$1,817,289	NEW	0.48%
GEHC	GE HealthCare Technologies Inc. Healthcare	Added	17,636	+279	$1,255,330	−11.8%	0.33%
BKNG	Booking Holdings Inc. Consumer Cyclical	Added	6,418	+5,835	$1,080,873	+765.5%	0.29%
ROP	Roper Technologies Inc Technology	NEW	1,734	NEW	$613,593	NEW	0.16%
SEE	SEALED AIR CORP/DE Consumer Cyclical	NEW	6,535	NEW	$274,796	NEW	0.07%