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Varenne Capital Partners

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13F filer, CIK 1902567, PARIS, France

Varenne Capital Partners reported $278,407,825 across 18 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-13. Its ten largest share positions make up 89.58% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000945621-25-000458

Period
2025-03-31
Reported value
$278M
Holdings
18
Top 10 weight
89.58%
New
7
Sold out
6

Largest buys vs the previous quarter

SecurityShares changeApprox. value
ANETnew+479,827$37.2M
ADBEnew+49,879$19.1M
TTnew+29,526$9.95M
SPGInew+14,196$7.21M
GRMNnew+31,043$6.74M

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
ETNexited-80,039-$26.6M
AMZNreduced-93,542-$17.8M
APHreduced-261,090-$17.1M
NFLXreduced-17,244-$16.1M
WABreduced-88,116-$16M

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, Q1 2025

Share positions as resolved from 13F-HR 0000945621-25-000458, largest first. % of portfolio is the value over $271,281,406, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 155,470 shares; 2024Q4: 75,220 shares; 2025Q1: 81,939 shares 81,939$47.2M17.41%+6,719Timeline
ANETARISTA NETWORKS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 479,827 shares 479,827$37.2M13.7%newTimeline
WABWABTECQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 439,422 shares; 2024Q4: 286,800 shares; 2025Q1: 198,684 shares 198,684$36M13.28%-88,116Timeline
FLSFLOWSERVE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 455,777 shares; 2025Q1: 481,408 shares 481,408$23.5M8.67%+25,631Timeline
NFLXNETFLIX INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 68,263 shares; 2024Q4: 42,141 shares; 2025Q1: 24,897 shares 24,897$23.2M8.56%-17,244Timeline
ADBEADOBE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 49,879 shares 49,879$19.1M7.05%newTimeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 280,465 shares; 2024Q4: 199,094 shares; 2025Q1: 117,293 shares 117,293$18.1M6.69%-81,801Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 248,055 shares; 2024Q4: 171,518 shares; 2025Q1: 77,976 shares 77,976$14.8M5.47%-93,542Timeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 152,405 shares; 2024Q4: 107,820 shares; 2025Q1: 127,341 shares 127,341$13.8M5.09%+19,521Timeline
TTTRANE TECHNOLOGIES PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 29,526 shares 29,526$9.95M3.67%newTimeline
APHAMPHENOL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 616,544 shares; 2024Q4: 378,617 shares; 2025Q1: 117,527 shares 117,527$7.71M2.84%-261,090Timeline
SPGIS&P GLOBAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 14,196 shares 14,196$7.21M2.66%newTimeline
GRMNGARMIN LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 31,043 shares 31,043$6.74M2.48%newTimeline
CRHCRH PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 44,608 shares 44,608$3.92M1.45%newTimeline
ENSTAR GROUP LIMITEDENSTAR GROUP LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,058 shares; 2024Q4: 9,058 shares; 2025Q1: 8,058 shares 8,058$2.68M0.99%-1,000

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 SHScall67,714$3.98M-27,652
MICRON TECHNOLOGY INCMICRON TECHNOLOGY INC CALLcall80,465$2.98M+69,025
ORACLE CORPORACLE CORP CALLcall20,936$167Knew

Sold out in Q1 2025

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

SecurityShares beforeValue beforeType
ETNEATON CORP PLC80,039$26.6Mshares
ARISTA NETWORKS INCARISTA NETWORKS INC130,695$14.4Mshares
IFFINTERNATIONAL FLAVORS&FRAGRA77,388$6.54Mshares
SMARTSHEET INC. (CLASS A)SMARTSHEET INC. (CLASS A)47,157$2.64Mshares
BARNES GROUP INCBARNES GROUP INC32,166$1.52Mshares
MRVLMARVELL TECHNOLOGY INC5,268$582Kshares

How Q1 2025 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 0000945621-25-000458 base2025-05-13acceptance time not in the bulk data set