Varenne Capital Partners portfolio
Concentrated managerInvestment firmPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 10, 2026 · data updated on Nov 5, 2026 · Q2 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Varenne Capital Partners reported a $596M portfolio of 26 positions to the SEC as of the end of Q2 2026. Its largest positions are AVGO, TSM, ANET. During the quarter it opened Woodward and NVIDIA and exited Booking Holdings and Envista Holdings.
Sections with a free account
What changed this quarter
29 positions with a change (13 new, 3 added to, 5 trimmed, 8 sold); also, 6 exited through an acquisition or merger. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Broadcom+2,174%more sharesIncreased0.7% → 13.8%
- Woodward+6.2 ppof portfolioNew— → 6.2%
- NVIDIA+5.2 ppof portfolioNew— → 5.2%
- Estée Lauder+4.7 ppof portfolioNew— → 4.7%
- Booking Holdings−4.5 ppof portfolioSold out6.7% → —
- Envista Holdings−4.5 ppof portfolioSold out6.6% → —
- Cboe Global Markets+4.4 ppof portfolioNew— → 4.4%
- TE Connectivity−4.3 ppof portfolioSold out6.3% → —
- Five Below+4.2 ppof portfolioNew— → 4.2%
- At&t−4.1 ppof portfolioSold out6.0% → —
- Hershey+3.7 ppof portfolioNew— → 3.7%
- Deckers Outdoor−3.4 ppof portfolioSold out5.1% → —
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- BroadcomAVGO13.8%
- Taiwan Semiconductor ManufacturingTSM12.3%
- Arista NetworksANET11.9%
- WoodwardWWD6.2%
- AmphenolAPH5.5%
- Eli LillyLLY5.3%
- NVIDIANVDA5.2%
- Estée LauderEL4.7%
- Analog DevicesADI4.7%
- Cboe Global MarketsCBOE4.4%
- Five BelowFIVE4.2%
- HersheyHSY3.7%
- Globus MedicalGMED3.2%
- GE Healthcare TechnologiesGEHC2.6%
- Amazon.comAMZN2.4%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Information Technology 55%
- ● Industrials 12%
- ● Health Care 11%
- ● Consumer Discretionary 10%
- ● Consumer Staples 8%
- ● Financials 4%
How its portfolio changed (8 quarters)
Q2 2026: 26
Q2 2026: 74%
Q2 2026: 40.8%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
Declared options (4)
Besides stocks, Varenne Capital Partners declared 1 put (they gain if the stock falls) and 3 calls (they gain if it rises) with a notional of $7.4M. The 13F reports the value of the underlying shares, not the premium paid, so these figures look large and are not added to the portfolio. Nor does it say whether the option is bought or written, or its strike or expiry: it may be a hedge.
- CALLCharles SchwabSCHWnew this quarter$5.2M
- PUTWarner Bros. DiscoveryWBDnew this quarter$2.1M
- CALLNikeNKE$87.5K
- CALLMeta PlatformsMETAnew this quarter$65.2K
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Investment firm, per its Form ADV of Jun 26, 2026 (medium confidence).
The data, as reported: VARENNE CAPITAL PARTNERS (CRD 309843): Exempt reporting adviser to private funds, based in France; 7.B private funds: 1 hedge (gross assets $96M)
The type comes from a rule applied to that data. If it looks wrong, tell us.
Similar managers by type and size
Same type of filer and a 13F portfolio value between a third and three times this one. It is not a comparison of what they hold.
- Lodge Hill CapitalInvestment firm · $596M
- Woodson Capital ManagementInvestment firm · $597M
- Paradice Investment ManagementInvestment firm · $594M
- Value Holdings ManagementInvestment firm · $598M
- Eagle Health InvestmentsInvestment firm · $603M
- Solel PartnersInvestment firm · $588M