Varenne Capital Partners
SEC Form 13F institutional filer · CIK 0001902567
13F-HR · 16 reported holdings · 2026-03-31
Reported long-US-equity value
$0.27B
Top-10 concentration
92.8%
Varenne Capital Partners — $267M AUM allocation strategy
Varenne Capital Partners files SEC Form 13F and reports $267M of long US equity value across 16 reported holdings for 2026-03-31.
Its largest sector bet is Information Technology 57.4%, followed by Consumer Discretionary 17.8% and Health Care 9.5%.
The top 10 holdings account for 93% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
Varenne Capital Partners — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$267M
total across 16 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
93% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$ADI +6.26K sh · +$5.57M+$BKNG +5.83K sh · +$24M+$APH +1.62K sh · −$1.35M
Biggest trims (shares)
−$WAB −244K sh · −$51.5M−$TEL −164K sh · −$39.4M−$ANET −22.1K sh · −$6.22M
Exited to nil (held last quarter, gone now)
$XYL ($27.2M last qtr)$UBER ($22.3M last qtr)$NFLX ($22.1M last qtr)$ADSK ($21.9M last qtr)$GLW ($21.1M last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Communications Equipment19.3%—
- Semiconductors12.3%—
- Hotels, Resorts & Cruise Lines10.1%—
- Electronic Manufacturing Services9.5%—
- Integrated Telecommunication Services9.1%—
- Pharmaceuticals9.0%—
- Electronic Components8.8%—
- Footwear7.6%—
- Other holdings14.3%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $ANET | Arista Networks Inc | 420K | $51.7M | -22.1K | 19.3% |
| $BKNG | Booking Holdings Inc | 6.42K | $27.1M | +5.83K | 10.1% |
| $ADI | Analog Devices Inc | 81K | $25.9M | +6.26K | 9.7% |
| $TEL | TE Connectivity plc | 121K | $25.4M | -164K | 9.5% |
| $T | AT&T Inc | 834K | $24.3M | — | 9.1% |
| $LLY | Eli Lilly and Company | 26.1K | $24M | +345 | 9.0% |
| $APH | Amphenol Corporation | 185K | $23.5M | +1.62K | 8.8% |
| $DECK | Deckers Outdoor Corporation | 203K | $20.4M | — | 7.6% |
| $MSFT | Microsoft Corporation | 51.8K | $19.2M | +572 | 7.2% |
| $JCI | Johnson Controls International plc | 50.3K | $6.61M | — | 2.5% |
…and 6 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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