Q2 2025 · 13F-HR
Varenne Capital Partnersholdings as filed
Filed 2025-08-12 · accession 0000945621-25-000733
$576.5M
Reported value
22
Positions
2025-06-30
Period end
The Brief · Varenne Capital Partners · Q2 2025
AI · grounded in 13F
Varenne Capital Partners established a new position in TSM valued at $77.3M. The fund also initiated new stakes in APH for $76.4M and WAB for $58M. Additional new positions include ANET, META, and DIS. The fund ended the period with 22 positions and total AUM of $576.5M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 874039900 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $77.3M | 13.4% | 12,200 | CALL | NONE |
| 032095101 | APH | AMPHENOL CORP NEW | $76.4M | 13.3% | 773,745 | Common | SOLE |
| 929740108 | WAB | WABTEC | $58.0M | 10.1% | 277,078 | Common | SOLE |
| 040413205 | ANET | ARISTA NETWORKS INC | $52.7M | 9.15% | 515,485 | Common | SOLE |
| 30303M902 | META | META PLATFORMS INC | $35.1M | 6.09% | 3,000 | CALL | NONE |
| 254687106 | DIS | DISNEY WALT CO | $34.7M | 6.02% | 279,755 | Common | SOLE |
| 64110L106 | NFLX | NETFLIX INC | $30.1M | 5.22% | 22,482 | Common | SOLE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $30.0M | 5.20% | 132,480 | Common | SOLE |
| 654106903 | NKE | NIKE INC | $24.4M | 4.23% | 23,000 | CALL | NONE |
| H2906T109 | GRMN | GARMIN LTD | $24.3M | 4.21% | 116,210 | Common | SOLE |
| 12572Q105 | CME | CME GROUP INC | $23.7M | 4.11% | 86,050 | Common | SOLE |
| 78409V104 | SPGI | S&P GLOBAL INC | $23.3M | 4.03% | 44,098 | Common | SOLE |
| 00724F101 | ADBE | ADOBE INC | $20.4M | 3.54% | 52,720 | Common | SOLE |
| 70450Y903 | PYPL | PAYPAL HLDGS INC | $17.0M | 2.94% | 19,292 | CALL | NONE |
| H42097907 | — | UBS GROUP AG | $15.9M | 2.77% | 33,857 | CALL | NONE |
| 268150109 | DT | DYNATRACE INC | $14.9M | 2.59% | 270,615 | Common | SOLE |
| 595112903 | MU | MICRON TECHNOLOGY INC | $9.9M | 1.71% | 18,467 | CALL | NONE |
| 830566105 | SKAA | SKECHERS U S A INC | $3.4M | 0.59% | 54,225 | Common | SOLE |
| G3075P101 | ESGRUSD | ENSTAR GROUP LIMITED | $2.7M | 0.47% | 8,058 | Common | SOLE |
| 30034T103 | G2C | EVERI HLDGS INC | $1.7M | 0.30% | 120,376 | Common | SOLE |
| H42097957 | — | UBS GROUP AG | $510,151 | 0.09% | 33,857 | PUT | NONE |
| 05368X102 | AVDX | AVIDXCHANGE HOLDINGS INC | $1,674 | 0.00% | 171 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.