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Disclosery

Varenne Capital Partners

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13F filer, CIK 1902567, PARIS, France

Varenne Capital Partners reported $338,874,049 across 17 holdings for the quarter ended 2024-12-31, in a 13F-HR filed 2025-02-12. Its ten largest share positions make up 95.74% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000945621-25-000159

Period
2024-12-31
Reported value
$339M
Holdings
17
Top 10 weight
95.74%
New
4
Sold out
3

Largest buys vs the previous quarter

SecurityShares changeApprox. value
FLSnew+455,777$26.2M
ARISTA NETWORKS INCadded+39,094$4.32M
SMARTSHEET INC. (CLASS A)new+47,157$2.64M
BARNES GROUP INCnew+32,166$1.52M
MRVLnew+5,268$582K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
METAreduced-80,250-$47M
IFFreduced-373,267-$31.6M
ETNreduced-88,079-$29.2M
WABreduced-152,622-$28.9M
NFLXreduced-26,122-$23.3M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2024

Share positions as resolved from 13F-HR 0000945621-25-000159, largest first. % of portfolio is the value over $333,498,578, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
WABWABTECQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 439,422 shares; 2024Q4: 286,800 shares 286,800$54.4M16.3%-152,622Timeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 155,470 shares; 2024Q4: 75,220 shares 75,220$44M13.21%-80,250Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 280,465 shares; 2024Q4: 199,094 shares 199,094$37.7M11.3%-81,371Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 248,055 shares; 2024Q4: 171,518 shares 171,518$37.6M11.28%-76,537Timeline
NFLXNETFLIX INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 68,263 shares; 2024Q4: 42,141 shares 42,141$37.6M11.26%-26,122Timeline
ETNEATON CORP PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 168,118 shares; 2024Q4: 80,039 shares 80,039$26.6M7.96%-88,079Timeline
APHAMPHENOL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 616,544 shares; 2024Q4: 378,617 shares 378,617$26.3M7.88%-237,927Timeline
FLSFLOWSERVE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 455,777 shares 455,777$26.2M7.86%newTimeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 152,405 shares; 2024Q4: 107,820 shares 107,820$14.5M4.34%-44,585Timeline
ARISTA NETWORKS INCARISTA NETWORKS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 91,601 shares; 2024Q4: 130,695 shares 130,695$14.4M4.33%+39,094
IFFINTERNATIONAL FLAVORS&FRAGRAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 450,655 shares; 2024Q4: 77,388 shares 77,388$6.54M1.96%-373,267Timeline
ENSTAR GROUP LIMITEDENSTAR GROUP LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,058 shares; 2024Q4: 9,058 shares 9,058$2.92M0.87%0
SMARTSHEET INC. (CLASS A)SMARTSHEET INC. (CLASS A)Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 47,157 shares 47,157$2.64M0.79%new
BARNES GROUP INCBARNES GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 32,166 shares 32,166$1.52M0.46%new
MRVLMARVELL TECHNOLOGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 5,268 shares 5,268$582K0.17%newTimeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
UBS GROUP AGUBS GROUP AG SHScall95,366$4.73M-82,678
MICRON TECHNOLOGY INCMICRON TECHNOLOGY INC CALLcall11,440$641K+735

Sold out in Q4 2024

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
PERFICIENT INCPERFICIENT INC37,969$2.87Mshares
POWERSCHOOL HOLDINGS INCPOWERSCHOOL HOLDINGS INC56,250$1.28Mshares
UBS GROUP AGUBS GROUP AG32,536$472Kput

How Q4 2024 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0000945621-25-000159 base2025-02-12acceptance time not in the bulk data set