Varenne Capital Partners
Sector Allocation
- Technology60.6%$360.9M
- Healthcare11.0%$65.8M
- Consumer Discretionary9.7%$57.8M
- Consumer Staples8.4%$50.3M
- Industrials4.5%$26.7M
- Financials4.3%$25.9M
- Utilities1.0%$5.7M
- Communication Services0.5%$2.8M
AUM History
13fpro.ai/research/fund/varenne-capital-partners-1902567
Conviction and streaks
Diversifying · top 10 = 73.9%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
AVGO
$82.0MTSM
$73.2MANET
$71.1MWWD
$36.8MAPH
$32.8MLLY
$31.5MNVDA
$31.0MEL
$28.1MADI
$27.8MCBOE
$25.9MFIVE
$25.3MHSY
$22.3MGMED
$18.8MGEHC
$15.5MAMZN
$14.5MVFC
$13.7MGXO
$6.8MMU
$6.1MTXT
$5.8MWCN
$5.7M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/varenne-capital-partners-1902567
Varenne Capital Partners 13F holdings — Q2 2026
$603.3M portfolio (+46.1% QoQ) · 30 holdings · Q2 2026 13F · top 10 are 74% of the stock portfolio
Includes $7.4M of put/call options ($2.1M puts, $5.3M calls), which 13F rules report at the value of the underlying shares, not the premium at risk. Stocks alone: $595.9M. Weights use the stock portfolio.
$82.0M
13.8% of stocks
+2174%This quarter-22.1%Since filed4 qtrsHeld$73.2M
12.3% of stocks
-17%This quarter+1.4%Since filed3 qtrsHeld$71.1M
11.9% of stocks
-0.2%This quarter-7.5%Since filed11+ qtrsHeld$36.8M
6.2% of stocks
NewThis quarter-14.2%Since filedNew this quarterHeld$32.8M
5.5% of stocks
+0.4%This quarter-10.2%Since filed8 qtrsHeld$31.5M
5.3% of stocks
+0.7%This quarter+3.8%Since filed3 qtrsHeld$31.0M
5.2% of stocks
NewThis quarter-0.7%Since filedNew this quarterHeld$28.1M
4.7% of stocks
NewThis quarter+24.8%Since filedNew this quarterHeld$27.8M
4.7% of stocks
-13%This quarter+6.3%Since filed3 qtrsHeld$25.9M
4.3% of stocks
NewThis quarter+17.6%Since filedNew this quarterHeld
All holdings — Varenne Capital Partners (Q2 2026)
30 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | FIVE BELOW, INC | Consumer Discretionary | $25.3M | 4.3% | 141K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | HERSHEY CO | Consumer Staples | $22.3M | 3.7% | 127K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | GLOBUS MEDICAL INC | Healthcare | $18.8M | 3.2% | 238K | +0.7% | 2 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | GE HealthCare Technologies Inc. | Healthcare | $15.5M | 2.6% | 242K | +1273% | 4 qtrsAdded 4 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | AMAZON COM INC | Consumer Discretionary | $14.5M | 2.4% | 61K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | V F CORP | Consumer Discretionary | $13.7M | 2.3% | 820K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | GXO Logistics, Inc. | Industrials | $6.8M | 1.1% | 135K | -17% | 2 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | MICRON TECHNOLOGY INC | Technology | $6.1M | 1.0% | 5,305 | -56% | 4 qtrsTrimmed 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | TEXTRON INC | Industrials | $5.8M | 1.0% | 63K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | Waste Connections, Inc. | Utilities | $5.7M | 1.0% | 34K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP | Industrials | $5.5M | 0.9% | 20K | +7% | 9 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | SCHWAB CHARLES CORP | Financials | $5.2M | — | 17K | New | — | — | 13F | |
| 23 | Johnson Controls International plc | Industrials | $4.9M | 0.8% | 33K | -34% | 2 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | ROSS STORES, INC. | Consumer Discretionary | $4.0M | 0.7% | 19K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | CHART INDUSTRIES INC | Industrials | $3.7M | 0.6% | 18K | — | 3 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $WBD | Warner Bros. Discovery, Inc. | Communication Services | $2.8M | 0.5% | 104K | New | |||
| 27 | $WBD PUT | Warner Bros. Discovery, Inc. | Communication Services | $2.1M | — | 21K | New | |||
| 28 | $BRC | BRADY CORP | Consumer Discretionary | $299K | 0.1% | 3,269 | New | |||
| 29 | $NKE CALL | NIKE, Inc. | Consumer Discretionary | $88K | — | 17K | -55% | |||
| 30 | $META CALL | Meta Platforms, Inc. | Technology | $65K | — | 4,080 | New |
What changed in Q2 2026
Against the previous quarter's 13F: 16 new, 6 added to, 7 trimmed, 16 sold out. Share-count changes; largest moves by dollar size first.
New positions (16)
first bought this quarter
first bought this quarter
first bought this quarter
first bought this quarter
first bought this quarter
first bought this quarter
+10 more in the Excel export
Added to (6)
now $82.0M · held 4 qtrs, 4 adds in a row
now $15.5M · held 4 qtrs, 4 adds in a row
$WABWESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP+7%
now $5.5M · held 9 qtrs
now $31.5M · held 3 qtrs
now $32.8M · held 8 qtrs
now $18.8M · held 2 qtrs
Trimmed (7)
now $73.2M · held 3 qtrs
now $6.1M · held 4 qtrs, 3 trims in a row
now $27.8M · held 3 qtrs
$JCIJohnson Controls International plc-34%
now $4.9M · held 2 qtrs
now $6.8M · held 2 qtrs
now $71.1M · held 11+ qtrs
+1 more in the Excel export
Holdings by quarter
Every 13F Varenne Capital Partners has filed, 18 earlier quarters. Pick one to see what it held then.
Is it too late to follow Varenne Capital Partners?
Q2 2026 13F filed with the SEC on Aug 10, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of Varenne Capital Partners's top 20 holdings: 76/100 (our AI quality score, weighted by position size; 19 of the 20 are scored)
Top 10 since filing
-3.8%
Value-weighted move of the 10 largest stock positions
Turnover
39%
Last quarter; 146% over the last 4
Top 10 weight
74%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
36%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q4 2023 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
Varenne Capital Partners disclosed 30 positions worth $603.3M in its Form 13F-HR for Q2 2026 — $595.9M in common stock plus $7.4M of put/call option positions (reported at underlying notional value, not premium at risk), led by $AVGO (Broadcom Inc.) at 13.8% of the equity portfolio, followed by $TSM and $ANET. During the quarter the fund opened 16 new positions and exited 16 — including a new stake in $WWD and a full exit from $BKNG. The portfolio is most concentrated in Technology (60.6% of disclosed assets). All figures are sourced directly from Varenne Capital Partners’s Form 13F-HR filing with the SEC under CIK 1902567.
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