AI Portfolio Summary
In 2025 Q4, Varenne Capital Partners maintained a portfolio of 35 distinct positions. The most significant new addition to the portfolio was TAIWAN SEMICONDUCTOR, which now represents 10.67% of the total fund value. They heavily accumulated shares in WABTEC, increasing their position by 0.5%. Conversely, Varenne Capital Partners completely exited their position in ZOOM COMMUNICATIONS .
Total Positions
35
Quarter
2025 Q4
Top Holding
TEL (12.4%)
Top 10 Concentration
75.1%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-35 of 35
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
TEL
TE CONNECTIVITY...
|
Technology | 12.45% | 12.91% |
#1
1
Prev: #2
|
6.5 | -24,905 | -8.0% |
P
S
|
284,802 | $64,824,600 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ANET
ARISTA NETWORKS...
|
Technology | 11.13% | 12.28% |
#2
1
Prev: #3
|
6.0 | -1,921 | -0.4% |
P
S
|
442,083 | $57,952,326 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
WAB
WABTEC
|
Industrials | 10.81% | 9.98% |
#3
1
Prev: #4
|
5.5 | 1,430 | 0.5% |
P
S
|
263,672 | $56,306,235 | 2024 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TSM
TAIWAN SEMICOND...
|
Technology | 10.67% | — |
#4
Prev: #—
|
8.0 | 182,745 | no change |
NEW
|
182,745 | $55,559,487 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
N/A
CALL
ON HLDG AG
|
—
|
CALL Option | 5.74% | — |
#5
Prev: #—
|
6.3 | 35,700 | no change |
NEW
|
35,700 | $29,871,909 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
LLY
ELI LILLY & CO
|
Healthcare | 5.31% | — |
#6
Prev: #—
|
5.6 | 25,716 | no change |
NEW
|
25,716 | $27,648,966 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
XYL
XYLEM INC
|
Industrials | 5.23% | — |
#7
Prev: #—
|
5.6 | 199,927 | no change |
NEW
|
199,927 | $27,238,369 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
APH
AMPHENOL CORP N...
|
Technology | 4.77% | 14.14% |
#8
7
Prev: #1
|
1.9 | -418,186 | -69.5% |
P
S
|
183,750 | $24,843,202 | 2024 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MSFT
MICROSOFT CORP
|
Technology | 4.76% | — |
#9
Prev: #—
|
5.4 | 51,246 | no change |
NEW
|
51,246 | $24,794,796 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
UBER
UBER TECHNOLOGI...
|
Technology | 4.27% | 4.63% |
#10
1
Prev: #9
|
3.7 | 23,285 | 9.3% |
P
S
|
272,382 | $22,266,396 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NFLX
NETFLIX INC
|
ETF | 4.24% | 4.63% |
#11
1
Prev: #10
|
4.7 | 215,294 | 1059.2% |
P
S
|
235,621 | $22,101,813 | 2024 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ADSK
AUTODESK INC
|
Technology | 4.21% | 4.09% |
#12
1
Prev: #11
|
3.7 | 6,219 | 9.2% |
P
S
|
74,092 | $21,941,889 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GLW
CORNING INC
|
Technology | 4.06% | 4.93% |
#13
5
Prev: #8
|
1.6 | -75,427 | -23.8% |
P
S
|
241,150 | $21,124,641 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ADI
ANALOG DEVICES ...
|
Technology | 3.90% | — |
#14
Prev: #—
|
5.1 | 74,780 | no change |
NEW
|
74,780 | $20,289,505 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
N/A
CALL
NIKE INC
|
—
|
CALL Option | 1.95% | 3.73% |
#15
3
Prev: #12
|
3.8 | 14,800 | 64.3% |
P
S
|
37,800 | $10,173,144 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
UHS
UNIVERSAL HLTH ...
|
Healthcare | 1.42% | 7.15% |
#16
11
Prev: #5
|
0.6 | -150,317 | -81.6% |
P
S
|
33,940 | $7,402,944 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GEV
GE VERNOVA INC
|
Industrials | 0.98% | 0.93% |
#17
1
Prev: #16
|
0.9 | -105 | -1.3% |
P
S
|
7,818 | $5,111,920 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MU
MICRON TECHNOLO...
|
Technology | 0.87% | 0.77% |
#18
1
Prev: #17
|
0.3 | -8,339 | -34.5% |
P
S
|
15,847 | $4,524,937 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AVGO
BROADCOM INC
|
Technology | 0.63% | 0.28% |
#19
4
Prev: #23
|
3.3 | 4,993 | 112.5% |
P
S
|
9,430 | $3,265,198 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BKNG
BOOKING HOLDING...
|
Consumer Cyclical | 0.60% | 0.30% |
#20
1
Prev: #21
|
3.2 | 290 | 99.0% |
P
S
|
583 | $3,123,569 | 2022 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AL
AIR LEASE CORP
|
Industrials | 0.57% | — |
#21
Prev: #—
|
3.7 | 45,888 | no change |
NEW
|
45,888 | $2,948,718 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GTLS
CHART INDS INC
|
Industrials | 0.48% | — |
#22
Prev: #—
|
3.7 | 12,000 | no change |
NEW
|
12,000 | $2,475,878 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
HOLX
HOLOGIC INC
|
Healthcare | 0.42% | — |
#23
Prev: #—
|
3.7 | 29,116 | no change |
NEW
|
29,116 | $2,169,831 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GEHC
GE HEALTHCARE T...
|
Healthcare | 0.27% | 0.24% |
#24
Prev: #24
|
0.6 | 826 | 5.0% |
P
S
|
17,357 | $1,424,264 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
PYPL
PAYPAL HLDGS IN...
|
Financial Services | 0.24% | — |
#25
Prev: #—
|
3.6 | 21,031 | no change |
NEW
|
21,031 | $1,228,344 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
Q
QNITY ELECTRONI...
|
Technology | 0.05% | — |
#26
Prev: #—
|
3.5 | 3,077 | no change |
NEW
|
3,077 | $251,350 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ZM
ZOOM COMMUNICAT...
|
Technology | 0.00% | 0.30% |
Sold All 😨
(Was: #22) |
0.0 | -18,848 | -100.0% |
CLOSED
|
— | $— | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AVDX
AVIDXCHANGE HOL...
|
Unknown | 0.00% | 0.43% |
Sold All 😨
(Was: #20) |
0.0 | -228,987 | -100.0% |
CLOSED
|
— | $— | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
WNS
WNS HLDGS LTD
|
Unknown | 0.00% | 0.69% |
Sold All 😨
(Was: #19) |
0.0 | -47,498 | -100.0% |
CLOSED
|
— | $— | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NKE
NIKE INC
|
Consumer Cyclical | 0.00% | 0.71% |
Sold All 😨
(Was: #18) |
0.0 | -53,359 | -100.0% |
CLOSED
|
— | $— | 2022 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
N/A
CALL
PAYPAL HLDGS IN...
|
—
|
CALL Option | 0.00% | 1.14% |
Sold All 😨
(Was: #15) |
0.0 | -19,292 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
CVS
CVS HEALTH CORP
|
Healthcare | 0.00% | 1.89% |
Sold All 😨
(Was: #14) |
0.0 | -131,950 | -100.0% |
CLOSED
|
— | $— | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ADBE
ADOBE INC
|
Technology | 0.00% | 3.15% |
Sold All 😨
(Was: #13) |
0.0 | -47,086 | -100.0% |
CLOSED
|
— | $— | 2025 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
N/A
CALL
META PLATFORMS ...
|
—
|
CALL Option | 0.00% | 5.17% |
Sold All 😨
(Was: #7) |
0.0 | -3,000 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
DIS
DISNEY WALT CO
|
Communication Services | 0.00% | 5.54% |
Sold All 😨
(Was: #6) |
0.0 | -254,970 | -100.0% |
CLOSED
|
— | $— | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) |
Showing 1-35 of 35 holdings