2026 Q1 Portfolio Activity
In 2026 Q1, Varenne Capital Partners maintained a portfolio of 39 distinct positions. The most significant new addition was ENVISTA HOLDINGS CORPORATION, now representing 6.48% of the total fund value. They heavily accumulated shares in BOOKING HOLDINGS INC, increasing the position by 1000.9%. The fund also reduced its exposure to WABTEC by 92.7%.
Position History
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Total Positions
39
Quarter
2026 Q1
Top Holding
TSM (15.2%)
Top 10 Concentration
75.5%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-39 of 39
Varenne Capital Partners Full Holdings List — 2026 Q1
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
TSM
TAIWAN SEMICOND...
|
Technology | 15.15% | 10.67% |
#1
3
Prev: #4
|
6.5 |
—
|
1,862 | 1.0% |
P
S
|
184,607 | $62,582,948 |
$216.04
+106.8%
|
2023 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | ||
|
ANET
ARISTA NETWORKS...
|
Technology | 12.52% | 11.13% |
#2
Prev: #2
|
6.0 |
—
|
-22,069 | -5.0% |
P
S
|
420,014 | $51,730,514 | 2023 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
BKNG
BOOKING HOLDING...
|
Consumer Cyclical | 6.56% | 0.60% |
#3
17
Prev: #20
|
6.6 |
—
|
5,835 | 1000.9% |
P
S
|
6,418 | $27,106,298 | 2022 Q3 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
NVST
ENVISTA HOLDING...
|
Healthcare | 6.48% | — |
#4
Prev: #—
|
6.6 |
—
|
1,051,029 | — |
NEW
|
1,051,029 | $26,747,954 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
ADI
ANALOG DEVICES ...
|
Technology | 6.26% | 3.90% |
#5
9
Prev: #14
|
5.0 |
—
|
6,264 | 8.4% |
P
S
|
81,044 | $25,863,932 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
TEL
TE CONNECTIVITY...
|
Technology | 6.14% | 12.45% |
#6
5
Prev: #1
|
2.5 |
—
|
-163,760 | -57.5% |
P
S
|
121,042 | $25,379,282 | 2025 Q3 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
T
AT&T INC
|
Communication Services | 5.87% | — |
#7
Prev: #—
|
5.8 |
—
|
833,993 | — |
NEW
|
833,993 | $24,253,031 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
LLY
ELI LILLY & CO
|
Healthcare | 5.82% | 5.31% |
#8
2
Prev: #6
|
2.8 |
—
|
345 | 1.3% |
P
S
|
26,061 | $24,045,052 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
APH
AMPHENOL CORP
|
Technology | 5.69% | 4.77% |
#9
1
Prev: #8
|
2.8 |
—
|
1,617 | 0.9% |
P
S
|
185,367 | $23,494,330 | 2024 Q3 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
GMED
GLOBUS MED INC
|
Healthcare | 4.95% | — |
#10
Prev: #—
|
5.5 |
—
|
236,615 | — |
NEW
|
236,615 | $20,450,473 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
DECK
DECKERS OUTDOOR...
|
Consumer Cyclical | 4.93% | — |
#11
Prev: #—
|
5.5 |
—
|
202,718 | — |
NEW
|
202,718 | $20,353,467 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
MSFT
MICROSOFT CORP
|
Technology | 4.66% | 4.76% |
#12
3
Prev: #9
|
2.4 |
—
|
572 | 1.1% |
P
S
|
51,818 | $19,241,426 | 2023 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
GXO
GXO LOGISTICS I...
|
Industrials | 2.05% | — |
#13
Prev: #—
|
4.3 |
—
|
162,766 | — |
NEW
|
162,766 | $8,465,797 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
N/A
CALL
MICRON TECHNOLO...
|
|
CALL Option | 1.94% | — |
#14
Prev: #—
|
4.3 |
—
|
3,600 | — |
NEW
|
3,600 | $8,016,981 | — | 13F Filing | 2026-03-31 | 2026-05-13 | ||
|
JCI
JOHNSON CONTROL...
|
Industrials | 1.60% | — |
#15
Prev: #—
|
4.1 |
—
|
50,321 | — |
NEW
|
50,321 | $6,610,132 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
GEV
GE VERNOVA INC
|
Industrials | 1.33% | 0.98% |
#16
1
Prev: #17
|
1.0 |
—
|
-1,533 | -19.6% |
P
S
|
6,285 | $5,503,325 | 2025 Q3 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
WAB
WABTEC
|
Industrials | 1.17% | 10.81% |
#17
14
Prev: #3
|
0.5 |
—
|
-244,458 | -92.7% |
P
S
|
19,214 | $4,816,780 | 2024 Q2 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
MU
MICRON TECHNOLO...
|
Technology | 1.00% | 0.87% |
#18
Prev: #18
|
0.4 |
—
|
-3,668 | -23.1% |
P
S
|
12,179 | $4,127,414 | 2025 Q3 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
GTLS
CHART INDS INC
|
Industrials | 0.90% | 0.48% |
#19
3
Prev: #22
|
2.9 |
—
|
5,874 | 48.9% |
P
S
|
17,874 | $3,707,000 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
HOLX
HOLOGIC INC
|
Healthcare | 0.87% | 0.42% |
#20
3
Prev: #23
|
3.3 |
—
|
18,260 | 62.7% |
P
S
|
47,376 | $3,592,345 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
AL
AIR LEASE CORP
|
Industrials | 0.85% | 0.57% |
#21
Prev: #21
|
2.3 |
—
|
7,741 | 16.9% |
P
S
|
53,629 | $3,493,553 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
AVGO
BROADCOM INC
|
Technology | 0.72% | 0.63% |
#22
3
Prev: #19
|
0.8 |
—
|
126 | 1.3% |
P
S
|
9,556 | $2,966,922 | 2023 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
FOLD
AMICUS THERAPEU...
|
Healthcare | 0.63% | — |
#23
Prev: #—
|
3.8 |
—
|
180,818 | — |
NEW
|
180,818 | $2,622,801 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
OS
ONESTREAM INC
|
Technology | 0.45% | — |
#24
Prev: #—
|
3.7 |
—
|
76,906 | — |
NEW
|
76,906 | $1,851,513 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
CWAN
CLEARWATER ANAL...
|
Technology | 0.44% | — |
#25
Prev: #—
|
3.7 |
—
|
76,841 | — |
NEW
|
76,841 | $1,822,970 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
N/A
CALL
NIKE INC
|
|
CALL Option | 0.33% | 1.95% |
#26
11
Prev: #15
|
1.1 |
—
|
no change | no change |
P
S
|
37,800 | $1,355,537 | — | 13F Filing | 2026-03-31 | 2026-05-13 | ||
|
GEHC
GE HEALTHCARE T...
|
Healthcare | 0.30% | 0.27% |
#27
3
Prev: #24
|
0.6 |
—
|
279 | 1.6% |
P
S
|
17,636 | $1,259,254 | 2025 Q3 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
N/A
CALL
AMAZON COM INC
|
|
CALL Option | 0.17% | — |
#28
Prev: #—
|
3.6 |
—
|
12,240 | — |
NEW
|
12,240 | $687,582 | — | 13F Filing | 2026-03-31 | 2026-05-13 | ||
|
ROP
ROPER TECHNOLOG...
|
Technology | 0.15% | — |
#29
Prev: #—
|
3.6 |
—
|
1,734 | — |
NEW
|
1,734 | $615,511 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
SEE
SEALED AIR CORP...
|
Consumer Cyclical | 0.07% | — |
#30
Prev: #—
|
3.5 |
—
|
6,535 | — |
NEW
|
6,535 | $275,655 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
Q
QNITY ELECTRONI...
|
Technology | 0.00% | 0.05% |
Sold All 😨
(Was: #26) |
0.0 |
—
|
-3,077 | -100.0% |
CLOSED
|
— | $— | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
PYPL
PAYPAL HLDGS IN...
|
Financial Services | 0.00% | 0.24% |
Sold All 😨
(Was: #25) |
0.0 |
—
|
-21,031 | -100.0% |
CLOSED
|
— | $— | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
UHS
UNIVERSAL HLTH ...
|
Healthcare | 0.00% | 1.42% |
Sold All 😨
(Was: #16) |
0.0 |
—
|
-33,940 | -100.0% |
CLOSED
|
— | $— | 2025 Q3 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
GLW
CORNING INC
|
Technology | 0.00% | 4.06% |
Sold All 😨
(Was: #13) |
0.0 |
—
|
-241,150 | -100.0% |
CLOSED
|
— | $— | 2025 Q3 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
ADSK
AUTODESK INC
|
Technology | 0.00% | 4.21% |
Sold All 😨
(Was: #12) |
0.0 |
—
|
-74,092 | -100.0% |
CLOSED
|
— | $— | 2025 Q3 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
NFLX
NETFLIX INC
|
Communication Services | 0.00% | 4.24% |
Sold All 😨
(Was: #11) |
0.0 |
—
|
-235,621 | -100.0% |
CLOSED
|
— | $— | 2024 Q2 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
UBER
UBER TECHNOLOGI...
|
Technology | 0.00% | 4.27% |
Sold All 😨
(Was: #10) |
0.0 |
—
|
-272,382 | -100.0% |
CLOSED
|
— | $— | 2025 Q3 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
XYL
XYLEM INC
|
Industrials | 0.00% | 5.23% |
Sold All 😨
(Was: #7) |
0.0 |
—
|
-199,927 | -100.0% |
CLOSED
|
— | $— | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
N/A
CALL
ON HLDG AG
|
|
CALL Option | 0.00% | 5.74% |
Sold All 😨
(Was: #5) |
0.0 |
—
|
-35,700 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2026-03-31 | 2026-05-13 |
Showing 1-39 of 39 holdings