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Varenne Capital Partners

Q4 2025 · Filed 2026-02-17
Market Value
$481M
+2.3%
Holdings
30
+2
New Purchases
10
Added To
7
Closed
6
Reduced
7
Top 10 Concentration
79.8%
Turnover
53.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
TSM 11.56% 0.00% +11.56% $56M
LLY 5.75% 0.00% +5.75% $28M
XYL 5.66% 0.00% +5.66% $27M
MSFT 5.16% 0.00% +5.16% $25M
ADI 4.22% 0.00% +4.22% $20M
AL 0.61% 0.00% +0.61% $3M
WAB 11.71% 11.18% +0.53% $56M
GTLS 0.51% 0.00% +0.51% $2M
HOLX 0.45% 0.00% +0.45% $2M
AVGO 0.68% 0.31% +0.37% $3M
BKNG 0.65% 0.34% +0.31% $3M
PYPL 0.26% 0.00% +0.26% $1M
MU 0.94% 0.86% +0.08% $5M
Q 0.05% 0.00% +0.05% $251K
GEHC 0.30% 0.26% +0.03% $1M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
APH 5.17% 15.84% -10.67% $25M
UHS 1.54% 8.01% -6.47% $7M
DIS 0.00% 6.21% -6.21% $0
ADBE 0.00% 3.53% -3.53% $0
CVS 0.00% 2.12% -2.12% $0
ANET 12.05% 13.76% -1.71% $58M
GLW 4.39% 5.52% -1.13% $21M
TEL 13.48% 14.46% -0.98% $65M
NKE 0.00% 0.79% -0.79% $0
NFLX 4.60% 5.18% -0.59% $22M
UBER 4.63% 5.19% -0.56% $22M
AVDX 0.00% 0.48% -0.48% $0
ZM 0.00% 0.33% -0.33% $0
ADSK 4.56% 4.59% -0.02% $22M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 7 $143M 29.7%
Large Cap 19 $325M 67.6%
Mid Cap 4 $13M 2.7%

Portfolio Analytics

Avg Market Cap
$382.6B
Median Market Cap
$109.0B
Avg P/E
32.5
Median P/E
29.6
Avg Dividend Yield
0.01%
Avg Beta
1.21
# Stocks
30
# ETFs / Funds
0

Top Holdings (30 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 TEL 13.48% 284,802 $65M $227.61 -$3M -24,905 -8.0%
2 ANET 12.05% 442,083 $58M $131.09 -$7M -1,921 -0.4%
3 WAB 11.71% 263,672 $56M $213.55 $4M +1,430 +0.6%
4 TSM 11.56% 182,745 $56M $304.03 +182,745 NEW
5 LLY 5.75% 25,716 $28M $1,075.17 +25,716 NEW
6 XYL 5.66% 199,927 $27M $136.24 +199,927 NEW
7 APH 5.17% 183,750 $25M $135.20 -$50M -418,186 -69.5%
8 MSFT 5.16% 51,246 $25M $483.84 +51,246 NEW
9 UBER 4.63% 272,382 $22M $81.75 -$2M +23,285 +9.3%
10 NFLX 4.60% 235,621 $22M $93.80 -$2M +215,294 +1059.2%
11 ADSK 4.56% 74,092 $22M $296.14 $381K +6,219 +9.2%
12 GLW 4.39% 241,150 $21M $87.60 -$5M -75,427 -23.8%
13 ADI 4.22% 74,780 $20M $271.32 +74,780 NEW
14 UHS 1.54% 33,940 $7M $218.12 -$30M -150,317 -81.6%
15 GEV 1.06% 7,818 $5M $653.87 $240K -105 -1.3%
16 MU 0.94% 15,847 $5M $285.54 $478K -8,339 -34.5%
17 AVGO 0.68% 9,430 $3M $346.26 $2M +4,993 +112.5%
18 BKNG 0.65% 583 $3M $5,357.75 $2M +290 +99.0%
19 AL 0.61% 45,888 $3M $64.26 +45,888 NEW
20 GTLS 0.51% 12,000 $2M $206.32 +12,000 NEW
21 HOLX 0.45% 29,116 $2M $74.52 +29,116 NEW
22 GEHC 0.30% 17,357 $1M $82.06 $183K +826 +5.0%
23 PYPL 0.26% 21,031 $1M $58.41 +21,031 NEW
24 Q 0.05% 3,077 $251K $81.69 +3,077 NEW
25 NKE —% -$4M -53,359 -100.0% SOLD
26 ZM —% -$2M -18,848 -100.0% SOLD
27 ADBE —% -$17M -47,086 -100.0% SOLD
28 CVS —% -$10M -131,950 -100.0% SOLD
29 DIS —% -$29M -254,970 -100.0% SOLD
30 AVDX —% -$2M -228,987 -100.0% SOLD

New Positions

SymbolValue% Port
TSM $56M 11.56%
LLY $28M 5.75%
XYL $27M 5.66%
MSFT $25M 5.16%
ADI $20M 4.22%
AL $3M 0.61%
GTLS $2M 0.51%
HOLX $2M 0.45%
PYPL $1M 0.26%
Q $251K 0.05%

Sold Out Positions

SymbolValue% Port
DIS —%
CVS —%
NKE —%
ADBE —%
ZM —%
AVDX —%
View SEC EDGAR Filings for Varenne Capital Partners →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms