Varenne Capital Partners 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Varenne Capital Partners disclosed 24 US equity positions worth $480.8m in its Q4 2025 13F filing. The largest position was TEL at 13.5% of the reported book, followed by ANET and WAB. Against the Q3 2025 filing, it opened 10 new positions, added to 7 and reduced 6 among the top 24 holdings.
What did Varenne Capital Partners own in Q4 2025? Top 24 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | TEL TE CONNECTIVITY PLC | Technology | 13.5% | $64.8m | 284,802 | -8% | reduced |
| 2 | ANET ARISTA NETWORKS INC | Technology | 12.1% | $58.0m | 442,083 | -0% | held |
| 3 | WAB WABTEC | Industrials | 11.7% | $56.3m | 263,672 | 1% | added |
| 4 | TSM TAIWAN SEMICONDUCTOR MFG LTD | Technology | 11.6% | $55.6m | 182,745 | – | new |
| 5 | LLY ELI LILLY & CO | Healthcare | 5.8% | $27.6m | 25,716 | – | new |
| 6 | XYL XYLEM INC | Industrials | 5.7% | $27.2m | 199,927 | – | new |
| 7 | APH AMPHENOL CORP NEW | Technology | 5.2% | $24.8m | 183,750 | -69% | reduced |
| 8 | MSFT MICROSOFT CORP | Technology | 5.2% | $24.8m | 51,246 | – | new |
| 9 | UBER UBER TECHNOLOGIES INC | Technology | 4.6% | $22.3m | 272,382 | 9% | added |
| 10 | NFLX NETFLIX INC | Communication Services | 4.6% | $22.1m | 235,621 | 1059% | added |
| 11 | ADSK AUTODESK INC | Technology | 4.6% | $21.9m | 74,092 | 9% | added |
| 12 | GLW CORNING INC | Technology | 4.4% | $21.1m | 241,150 | -24% | reduced |
| 13 | ADI ANALOG DEVICES INC | Technology | 4.2% | $20.3m | 74,780 | – | new |
| 14 | UHS UNIVERSAL HLTH SVCS INC | Healthcare | 1.5% | $7.4m | 33,940 | -82% | reduced |
| 15 | GEV GE VERNOVA INC | Industrials | 1.1% | $5.1m | 7,818 | -1% | reduced |
| 16 | MU MICRON TECHNOLOGY INC | Technology | 0.9% | $4.5m | 15,847 | -34% | reduced |
| 17 | AVGO BROADCOM INC | Technology | 0.7% | $3.3m | 9,430 | 113% | added |
| 18 | BKNG BOOKING HOLDINGS INC | Consumer Cyclical | 0.6% | $3.1m | 583 | 99% | added |
| 19 | AIR LEASE CORP | 0.6% | $2.9m | 45,888 | – | new | |
| 20 | CHART INDS INC | 0.5% | $2.5m | 12,000 | – | new | |
| 21 | HO1 HOLOGIC INC | 0.5% | $2.2m | 29,116 | – | new | |
| 22 | GEHC GE HEALTHCARE TECHNOLOGIES I | Healthcare | 0.3% | $1.4m | 17,357 | 5% | added |
| 23 | PYPL PAYPAL HLDGS INC | Financial Services | 0.3% | $1.2m | 21,031 | – | new |
| 24 | Q QNITY ELECTRONICS INC | Technology | 0.1% | $251.3k | 3,077 | – | new |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.