Varenne Capital Partners
Follow13F filer, CIK 1902567, PARIS, France
Varenne Capital Partners reported $526,680,952 across 24 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-12. Its ten largest share positions make up 89.25% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000945621-25-001070
- Period
- 2025-09-30
- Reported value
- $527M
- Holdings
- 24
- Top 10 weight
- 89.25%
- New
- 14
- Sold out
- 12
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| TELnew | +309,707 | $68M |
| UHSnew | +184,257 | $37.7M |
| GLWnew | +316,577 | $26M |
| UBERnew | +249,097 | $24.4M |
| ADSKnew | +67,873 | $21.6M |
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
| Security | Shares change | Approx. value |
|---|---|---|
| TSMexited | -132,480 | -$30M |
| GRMNexited | -116,210 | -$24.3M |
| CMEexited | -86,050 | -$23.7M |
| SPGIexited | -44,098 | -$23.3M |
| APHreduced | -171,809 | -$21.3M |
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, Q3 2025
Share positions as resolved from 13F-HR 0000945621-25-001070, largest first. % of portfolio is the value over $473,855,112, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| APHAMPHENOL CORP | 601,936 | $74.5M | 15.72% | -171,809 | Timeline | ||
| TELTE CONNECTIVITY PLC | 309,707 | $68M | 14.35% | new | Timeline | ||
| ANETARISTA NETWORKS INC | 444,004 | $64.7M | 13.65% | -71,481 | Timeline | ||
| WABWABTEC | 262,242 | $52.6M | 11.09% | -14,836 | Timeline | ||
| UHSUNIVERSAL HLTH SVCS INC | 184,257 | $37.7M | 7.95% | new | Timeline | ||
| DISDISNEY WALT CO | 254,970 | $29.2M | 6.16% | -24,785 | Timeline | ||
| GLWCORNING INC | 316,577 | $26M | 5.48% | new | Timeline | ||
| UBERUBER TECHNOLOGIES INC | 249,097 | $24.4M | 5.15% | new | Timeline | ||
| NFLXNETFLIX INC. | 20,327 | $24.4M | 5.14% | -2,155 | Timeline | ||
| ADSKAUTODESK INC | 67,873 | $21.6M | 4.55% | new | Timeline | ||
| ADBEADOBE INC | 47,086 | $16.6M | 3.51% | -5,634 | Timeline | ||
| CVSCVS HEALTH CORP | 131,950 | $9.95M | 2.1% | new | Timeline | ||
| GEVGE VERNOVA INC | 7,923 | $4.87M | 1.03% | new | Timeline | ||
| MUMICRON TECHNOLOGY INC | 24,186 | $4.05M | 0.85% | new | Timeline | ||
| NKENIKE INC | 53,359 | $3.72M | 0.79% | new | Timeline | ||
| WNS HLDGS LTD COM SHSWNS HLDGS LTD COM SHS | 47,498 | $3.62M | 0.76% | new | |||
| AVIDXCHANGE HOLDINGS INCAVIDXCHANGE HOLDINGS INC | 228,987 | $2.28M | 0.48% | +228,816 | |||
| BKNGBOOKING HOLDINGS INC | 293 | $1.58M | 0.33% | new | Timeline | ||
| ZMZOOM COMMUNICATIONS INC | 18,848 | $1.55M | 0.33% | new | Timeline | ||
| AVGOBROADCOM INC | 4,437 | $1.46M | 0.31% | new | Timeline | ||
| GEHCGE HEALTHCARE TECHNOLOGIES I | 16,531 | $1.24M | 0.26% | new | Timeline |
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).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| META PLATFORMS INCMETA PLATFORMS INC CALL | call | 3,000 | $27.2M | 0 |
| NIKE INCNIKE INC CALL | call | 23,000 | $19.6M | 0 |
| PAYPAL HLDGS INCPAYPAL HLDGS INC CALL | call | 19,292 | $5.98M | 0 |
Sold out in Q3 2025
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| TAIWAN SEMICONDUCTOR MANUFACTAIWAN SEMICONDUCTOR MANUFAC | 12,200 | $77.3M | call |
| TSMTAIWAN SEMICONDUCTOR MANUFAC | 132,480 | $30M | shares |
| GRMNGARMIN LTD | 116,210 | $24.3M | shares |
| CMECME GROUP INC | 86,050 | $23.7M | shares |
| SPGIS&P GLOBAL INC | 44,098 | $23.3M | shares |
| UBS GROUP AGUBS GROUP AG | 33,857 | $15.9M | call |
| DTDYNATRACE INC | 270,615 | $14.9M | shares |
| MICRON TECHNOLOGY INCMICRON TECHNOLOGY INC | 18,467 | $9.88M | call |
| SKXSKECHERS U S A INC | 54,225 | $3.42M | shares |
| ENSTAR GROUP LIMITEDENSTAR GROUP LIMITED | 8,058 | $2.71M | shares |
| EVERI HLDGS INCEVERI HLDGS INC | 120,376 | $1.71M | shares |
| UBS GROUP AGUBS GROUP AG | 33,857 | $510K | put |
How Q3 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).
| Filing | Role | Amendment | Filed | Accepted | Ingested |
|---|---|---|---|---|---|
| 13F-HR 0000945621-25-001070 | base | 2025-11-12 | acceptance time not in the bulk data set |