Institutional
Varenne Capital Partners
CIK 0001902567
$413.0M
Reported AUM
30
Positions
Q1 2026
Period
2026-05-13
Filed
The Brief · Varenne Capital Partners · Q1 2026
AI · grounded in 13F
Varenne Capital Partners exited its position in ON HLDG AG, a move totaling $29.87M. The fund also closed positions in XYL for $27.24M and UBER for $22.27M. On the buy side, the fund established new positions in NVST for $26.75M and T for $24.25M. Additionally, the fund added a new position in GMED valued at $20.45M.
Portfolio · Q1 2026
Top holdings
QoQ vs Q4 2025
| # | Ticker | Issuer | Value | % of book | Δ shares (QoQ) | Status |
|---|---|---|---|---|---|---|
| 1 | TSM | TAIWAN SEMICONDUCTOR MANUFAC | $62.6M | 15.15% | +1,862 | +1.0% |
| 2 | ANET | ARISTA NETWORKS INC | $51.7M | 12.52% | -22,069 | -5.0% |
| 3 | BKNG | BOOKING HOLDINGS INC | $27.1M | 6.56% | +5,835 | +1000.9% |
| 4 | NVST | ENVISTA HOLDINGS CORPORATION | $26.7M | 6.48% | +1,051,029 | NEW |
| 5 | ADI | ANALOG DEVICES INC | $25.9M | 6.26% | +6,264 | +8.4% |
| 6 | TEL | TE CONNECTIVITY PLC | $25.4M | 6.14% | -163,760 | -57.5% |
| 7 | T | AT&T INC | $24.3M | 5.87% | +833,993 | NEW |
| 8 | LLY | ELI LILLY & CO | $24.0M | 5.82% | +345 | +1.3% |
| 9 | APH | AMPHENOL CORP | $23.5M | 5.69% | +1,617 | +0.9% |
| 10 | GMED | GLOBUS MED INC | $20.5M | 4.95% | +236,615 | NEW |
| 11 | DECK | DECKERS OUTDOOR CORP | $20.4M | 4.93% | +202,718 | NEW |
| 12 | MSFT | MICROSOFT CORP | $19.2M | 4.66% | +572 | +1.1% |
| 13 | GXO | GXO LOGISTICS INCORPORATED | $8.5M | 2.05% | +162,766 | NEW |
| 14 | MU | MICRON TECHNOLOGY INC | $8.0M | 1.94% | +3,600 | NEW |
| 15 | JCI | JOHNSON CONTROLS INTERNATION | $6.6M | 1.60% | +50,321 | NEW |
| 16 | GEV | GE VERNOVA INC | $5.5M | 1.33% | -1,533 | -19.6% |
| 17 | WAB | WABTEC | $4.8M | 1.17% | -244,458 | -92.7% |
| 18 | MU | MICRON TECHNOLOGY INC | $4.1M | 1.00% | -3,668 | -23.1% |
| 19 | GTLS | CHART INDS INC | $3.7M | 0.90% | +5,874 | +49.0% |
| 20 | HO1 | HOLOGIC INC | $3.6M | 0.87% | +18,260 | +62.7% |
| 21 | AL | AIR LEASE CORP | $3.5M | 0.85% | +7,741 | +16.9% |
| 22 | AVGO | BROADCOM INC | $3.0M | 0.72% | +126 | +1.3% |
| 23 | AM6 | AMICUS THERAPEUTIC | $2.6M | 0.63% | +180,818 | NEW |
| 24 | K4F | ONESTREAM INC | $1.9M | 0.45% | +76,906 | NEW |
| 25 | CWAN | CLEARWATER ANALYTICS HLDGS I | $1.8M | 0.44% | +76,841 | NEW |
| 26 | NKE | NIKE INC | $1.4M | 0.33% | — | HELD |
| 27 | GEHC | GE HEALTHCARE TECHNOLOGIES I | $1.3M | 0.30% | +279 | +1.6% |
| 28 | AMZN | AMAZON COM INC | $688K | 0.17% | +12,240 | NEW |
| 29 | ROP | ROPER TECHNOLOGIES INC | $616K | 0.15% | +1,734 | NEW |
| 30 | SDA | SEALED AIR CORP NEW | $276K | 0.07% | +6,535 | NEW |
| 31 | — | ON HLDG AG | — | — | -35,700 | EXITED |
| 32 | XYL | XYLEM INC | — | — | -199,927 | EXITED |
| 33 | UBER | UBER TECHNOLOGIES INC | — | — | -272,382 | EXITED |
| 34 | NFLX | NETFLIX INC | — | — | -235,621 | EXITED |
| 35 | ADSK | AUTODESK INC | — | — | -74,092 | EXITED |
| 36 | GLW | CORNING INC | — | — | -241,150 | EXITED |
| 37 | UHS | UNIVERSAL HLTH SVCS INC | — | — | -33,940 | EXITED |
| 38 | PYPL | PAYPAL HLDGS INC | — | — | -21,031 | EXITED |
| 39 | Q | QNITY ELECTRONICS INC | — | — | -3,077 | EXITED |
Source: SEC EDGAR · accession 0000945621-26-000681. 13F discloses long positions only — shorts, foreign equities, and options are excluded.