Varenne Capital Partners Hedge Fund

CIK: 0001902567 · Show all filings

Period: Q2 2025 (← Previous) (Next →)

Filing Date: Aug 12, 2025

Total Value ($000): $576,473 (100.0% shares, 0.0% debt)

Holdings (22)

— TAIWAN SEMICONDUCTOR MFG LTD 13.4%

Value ($000) $77,287 Shares 12,200 Est. Cost — Unrealized —

APH AMPHENOL CORP NEW 13.3%

Value ($000) $76,407 Shares 773,745 Est. Cost $78.76 Unrealized +3.3%

WAB WABTEC 10.1%

Value ($000) $58,006 Shares 277,078 Est. Cost $171.05 Unrealized +12.1%

ANET ARISTA NETWORKS INC 9.1%

Value ($000) $52,739 Shares 515,485 Est. Cost $100.36 Unrealized -13.8%

— META PLATFORMS INC 6.1%

Value ($000) $35,130 Shares 3,000 Est. Cost — Unrealized —

DIS DISNEY WALT CO 6.0%

Value ($000) $34,692 Shares 279,755 Est. Cost $102.81 Unrealized 0.0%

NFLX NETFLIX INC 5.2%

Value ($000) $30,106 Shares 22,482 Est. Cost $65.18 Unrealized +73.5%

TSM TAIWAN SEMICONDUCTOR MFG LTD 5.2%

Value ($000) $30,005 Shares 132,480 Est. Cost $226.49 Unrealized —

— NIKE INC 4.2%

Value ($000) $24,380 Shares 23,000 Est. Cost — Unrealized —

GRMN GARMIN LTD 4.2%

Value ($000) $24,255 Shares 116,210 Est. Cost $200.57 Unrealized -2.2%

CME CME GROUP INC 4.1%

Value ($000) $23,717 Shares 86,050 Est. Cost $268.48 Unrealized 0.0%

SPGI S&P GLOBAL INC 4.0%

Value ($000) $23,252 Shares 44,098 Est. Cost $500.17 Unrealized -0.7%

ADBE ADOBE INC 3.5%

Value ($000) $20,396 Shares 52,720 Est. Cost $426.49 Unrealized -9.7%

— PAYPAL HLDGS INC 2.9%

Value ($000) $16,977 Shares 19,292 Est. Cost — Unrealized —

— UBS GROUP AG 2.8%

Value ($000) $15,942 Shares 33,857 Est. Cost — Unrealized —

DT DYNATRACE INC 2.6%

Value ($000) $14,941 Shares 270,615 Est. Cost $50.09 Unrealized 0.0%

— MICRON TECHNOLOGY INC 1.7%

Value ($000) $9,880 Shares 18,467 Est. Cost — Unrealized —

— SKECHERS U S A INC 0.6%

Value ($000) $3,422 Shares 54,225 Est. Cost $63.10 Unrealized —

— ENSTAR GROUP LIMITED 0.5%

Value ($000) $2,710 Shares 8,058 Est. Cost $321.59 Unrealized —

— EVERI HLDGS INC 0.3%

Value ($000) $1,714 Shares 120,376 Est. Cost $14.24 Unrealized —

— UBS GROUP AG 0.1%

Value ($000) $510 Shares 33,857 Est. Cost — Unrealized —

— AVIDXCHANGE HOLDINGS INC 0.0%

Value ($000) $2 Shares 171 Est. Cost $9.79 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	TAIWAN SEMICONDUCTOR MFG LTD	12,200	$77,287	13.4%	—	—	Call	874039900
APH	AMPHENOL CORP NEW	773,745	$76,407	13.3%	$78.76	+3.3%	CL A	032095101
WAB	WABTEC	277,078	$58,006	10.1%	$171.05	+12.1%	COM	929740108
ANET	ARISTA NETWORKS INC	515,485	$52,739	9.1%	$100.36	-13.8%	COM SHS	040413205
—	META PLATFORMS INC	3,000	$35,130	6.1%	—	—	Call	30303M902
DIS	DISNEY WALT CO	279,755	$34,692	6.0%	$102.81	0.0%	COM	254687106
NFLX	NETFLIX INC	22,482	$30,106	5.2%	$65.18	+73.5%	COM	64110L106
TSM	TAIWAN SEMICONDUCTOR MFG LTD	132,480	$30,005	5.2%	$226.49	—	SPONSORED ADS	874039100
—	NIKE INC	23,000	$24,380	4.2%	—	—	Call	654106903
GRMN	GARMIN LTD	116,210	$24,255	4.2%	$200.57	-2.2%	SHS	H2906T109
CME	CME GROUP INC	86,050	$23,717	4.1%	$268.48	0.0%	COM	12572Q105
SPGI	S&P GLOBAL INC	44,098	$23,252	4.0%	$500.17	-0.7%	COM	78409V104
ADBE	ADOBE INC	52,720	$20,396	3.5%	$426.49	-9.7%	COM	00724F101
—	PAYPAL HLDGS INC	19,292	$16,977	2.9%	—	—	Call	70450Y903
—	UBS GROUP AG	33,857	$15,942	2.8%	—	—	Call	H42097907
DT	DYNATRACE INC	270,615	$14,941	2.6%	$50.09	0.0%	COM NEW	268150109
—	MICRON TECHNOLOGY INC	18,467	$9,880	1.7%	—	—	Call	595112903
—	SKECHERS U S A INC	54,225	$3,422	0.6%	$63.10	—	CL A	830566105
—	ENSTAR GROUP LIMITED	8,058	$2,710	0.5%	$321.59	—	SHS	G3075P101
—	EVERI HLDGS INC	120,376	$1,714	0.3%	$14.24	—	COM	30034T103
—	UBS GROUP AG	33,857	$510	0.1%	—	—	Put	H42097957
—	AVIDXCHANGE HOLDINGS INC	171	$2	0.0%	$9.79	—	COM	05368X102