Q2 2026 13F · SEC CIK 1902567
Varenne Capital Partners
Hedge fundFiled 2026-08-10 for Q2 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $595.9M
- Reported positions
- 26
- Top holdings a year, 3 yrs
- +19.5%
- Average holding period
- 4 qtrs
Varenne Capital Partners is a hedge fund that reported 26 positions worth $595.9M in its Q2 2026 13F, filed 2026-08-10. Its largest holdings were Broadcom Inc (AVGO, 13.8%), Taiwan Semiconductor Manufac (TSM, 12.3%), Arista Networks Inc (ANET, 11.9%). A portfolio copying its top holdings returned 19.5% a year over the last 3 years, against 22.3% for the S&P 500.
Varenne Capital Partners holdings all 26 positions.
Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.
| Stock | % of 13F value | Share change | Reported value |
|---|---|---|---|
| AVGOBroadcom Inc | 13.8% | +2173.6% | $82.0M |
| TSMTaiwan Semiconductor Manufac | 12.3% | -16.9% | $73.2M |
| ANETArista Networks Inc | 11.9% | -0.2% | $71.1M |
| WWDWoodward, Inc. | 6.2% | — | $36.8M |
| APHAmphenol Corp | 5.5% | +0.4% | $32.8M |
| LLYEli Lilly & Co | 5.3% | +0.7% | $31.5M |
| NVDANvidia Corporation | 5.2% | — | $31.0M |
| ELLauder Estee Cos Inc | 4.7% | — | $28.1M |
| ADIAnalog Devices Inc | 4.7% | -13.4% | $27.8M |
| CBOECboe Global Mkts Inc | 4.3% | — | $25.9M |
| FIVEFive Below Inc | 4.2% | — | $25.3M |
| HSYHershey Co | 3.7% | — | $22.3M |
| GMEDGlobus Med Inc | 3.2% | +0.7% | $18.8M |
| GEHCGe Healthcare Technologies I | 2.6% | +1273.1% | $15.5M |
| AMZNAmazon Com Inc | 2.4% | — | $14.5M |
| VFCV F Corp | 2.3% | — | $13.7M |
| GXOGxo Logistics Incorporated | 1.1% | -17.0% | $6.8M |
| MUMicron Technology Inc | 1.0% | -56.4% | $6.1M |
| TXTTextron Inc | 1.0% | — | $5.8M |
| WCNWaste Connections Inc | 1.0% | — | $5.7M |
| WABWabtec | 0.9% | +6.6% | $5.5M |
| JCIJohnson Controls Internation | 0.8% | -34.0% | $4.9M |
| ROSTRoss Stores Inc | 0.7% | — | $4.0M |
| GTLSChart Inds Inc | 0.6% | +0.0% | $3.7M |
| WBDWarner Bros Discovery Inc | 0.5% | — | $2.8M |
| BRCBrady Corp | 0.1% | — | $299K |
What Varenne Capital Partners bought and sold in Q2 2026, against Q1 2026.
New positions
- WWD Woodward, Inc.6.2% of 13F
- NVDA Nvidia Corporation5.2% of 13F
- EL Lauder Estee Cos Inc4.7% of 13F
- CBOE Cboe Global Mkts Inc4.3% of 13F
- FIVE Five Below Inc4.2% of 13F
- HSY Hershey Co3.7% of 13F
- AMZN Amazon Com Inc2.4% of 13F
- VFC V F Corp2.3% of 13F
Added to
- AVGO Broadcom Inc+2173.6% shares
- GEHC Ge Healthcare Technologies I+1273.1% shares
- WAB Wabtec+6.6% shares
Reduced
- MU Micron Technology Inc-56.4% shares
- JCI Johnson Controls Internation-34.0% shares
- GXO Gxo Logistics Incorporated-17.0% shares
- TSM Taiwan Semiconductor Manufac-16.9% shares
- ADI Analog Devices Inc-13.4% shares
Sold out
- BKNG Booking Holdings Incwas 6.7%
- NVST Envista Holdings Corporationwas 6.6%
- TEL Te Connectivity PLCwas 6.3%
- T At&t Incwas 6.0%
- DECK Deckers Outdoor Corpwas 5.1%
- MSFT Microsoft Corpwas 4.8%
- GEV Ge Vernova Incwas 1.4%
- HOLX Hologic Incwas 0.9%
Share counts compared with the Q1 2026 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- +17.5% /yr
- S&P 500 +11.7%
- 3 years
- +19.5% /yr
- S&P 500 +22.3%
- 5 years
- +2.5% /yr
- S&P 500 +12.0%
A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.
Reported 13F value by quarter.
| Quarter | 13F value | Positions |
|---|---|---|
| Q2 2026 | $595.9M | 26 |
| Q1 2026 | $403.0M | 27 |
| Q4 2025 | $480.8M | 24 |
| Q3 2025 | $473.9M | 21 |
| Q2 2025 | $396.4M | 15 |
| Q1 2025 | $271.3M | 15 |
| Q4 2024 | $333.5M | 15 |
| Q3 2024 | $513.9M | 13 |
| Q2 2024 | $353.9M | 14 |
| Q1 2024 | $576.4M | 16 |
| Q4 2023 | $234.4M | 17 |
| Q3 2023 | $57.0M | 7 |
Questions about Varenne Capital Partners's portfolio
What stocks does Varenne Capital Partners own?
Varenne Capital Partners's latest 13F, for Q2 2026 and filed Aug 10, 2026, lists 26 positions worth $595.9M. The largest are Broadcom Inc (AVGO) at 13.8%, Taiwan Semiconductor Manufac (TSM) at 12.3%, Arista Networks Inc (ANET) at 11.9%, Woodward, Inc. (WWD) at 6.2% and Amphenol Corp (APH) at 5.5%.
What did Varenne Capital Partners buy last quarter?
In Q2 2026, Varenne Capital Partners added a new position in Woodward, Inc. (WWD), a new position in Nvidia Corporation (NVDA), a new position in Lauder Estee Cos Inc (EL), a new position in Cboe Global Mkts Inc (CBOE), a new position in Five Below Inc (FIVE), Broadcom Inc (AVGO) (+2173.6% shares), Ge Healthcare Technologies I (GEHC) (+1273.1% shares) and Wabtec (WAB) (+6.6% shares), compared with its Q1 2026 filing.
What did Varenne Capital Partners sell last quarter?
In Q2 2026, Varenne Capital Partners sold all of Booking Holdings Inc (BKNG), sold all of Envista Holdings Corporation (NVST), sold all of Te Connectivity PLC (TEL), sold all of At&t Inc (T), sold all of Deckers Outdoor Corp (DECK), Micron Technology Inc (MU) (-56.4% shares), Johnson Controls Internation (JCI) (-34.0% shares) and Gxo Logistics Incorporated (GXO) (-17.0% shares), compared with its Q1 2026 filing.
How has Varenne Capital Partners's portfolio performed?
A portfolio copying Varenne Capital Partners's 20 largest 13F holdings each quarter, from the day each filing was public, returned +19.5% a year over the last 3 years, against +22.3% for the S&P 500. Over 1 year: +17.5% against +11.7%. Over 5 years: +2.5% a year against +12.0%.
When is Varenne Capital Partners's next 13F filing due?
13F filings are due 45 days after each quarter ends. Varenne Capital Partners's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.