Varenne Capital Partners Hedge Fund

Location: Paris, France

CIK: 0001902567 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Feb 17, 2026

Total Value: $521M (100.0% shares, 0.0% debt)

Holdings (26)

TEL TE CONNECTIVITY PLC 12.4%

Value $64.82M Shares 284,802 Est. Cost $200.01 Unrealized +15.6%

ANET ARISTA NETWORKS INC 11.1%

Value $57.95M Shares 442,083 Est. Cost $100.36 Unrealized +37.2%

WAB WABTEC 10.8%

Value $56.31M Shares 263,672 Est. Cost $171.05 Unrealized +20.0%

TSM TAIWAN SEMICONDUCTOR MFG LTD 10.7%

Value $55.56M Shares 182,745 Est. Cost $304.03 Unrealized —

— ON HLDG AG 5.7%

Value $29.87M Shares 35,700 Est. Cost — Unrealized —

LLY ELI LILLY & CO 5.3%

Value $27.65M Shares 25,716 Est. Cost $955.55 Unrealized 0.0%

XYL XYLEM INC 5.2%

Value $27.24M Shares 199,927 Est. Cost $143.58 Unrealized 0.0%

APH AMPHENOL CORP NEW 4.8%

Value $24.84M Shares 183,750 Est. Cost $78.76 Unrealized +69.6%

MSFT MICROSOFT CORP 4.8%

Value $24.79M Shares 51,246 Est. Cost $500.58 Unrealized 0.0%

UBER UBER TECHNOLOGIES INC 4.3%

Value $22.27M Shares 272,382 Est. Cost $93.22 Unrealized -3.4%

NFLX NETFLIX INC 4.2%

Value $22.1M Shares 235,621 Est. Cost $104.13 Unrealized +3.5%

ADSK AUTODESK INC 4.2%

Value $21.94M Shares 74,092 Est. Cost $304.55 Unrealized -0.7%

GLW CORNING INC 4.1%

Value $21.12M Shares 241,150 Est. Cost $64.97 Unrealized +32.3%

ADI ANALOG DEVICES INC 3.9%

Value $20.29M Shares 74,780 Est. Cost $250.62 Unrealized 0.0%

— NIKE INC 2.0%

Value $10.17M Shares 37,800 Est. Cost — Unrealized —

UHS UNIVERSAL HLTH SVCS INC 1.4%

Value $7.403M Shares 33,940 Est. Cost $179.65 Unrealized +23.0%

GEV GE VERNOVA INC 1.0%

Value $5.112M Shares 7,818 Est. Cost $605.52 Unrealized +0.6%

MU MICRON TECHNOLOGY INC 0.9%

Value $4.525M Shares 15,847 Est. Cost $127.82 Unrealized +79.4%

AVGO BROADCOM INC 0.6%

Value $3.265M Shares 9,430 Est. Cost $332.88 Unrealized +7.2%

BKNG BOOKING HOLDINGS INC 0.6%

Value $3.124M Shares 583 Est. Cost $5351.82 Unrealized -4.0%

AL AIR LEASE CORP 0.6%

Value $2.949M Shares 45,888 Est. Cost $63.69 Unrealized 0.0%

GTLS CHART INDS INC 0.5%

Value $2.476M Shares 12,000 Est. Cost $202.64 Unrealized 0.0%

HOLX HOLOGIC INC 0.4%

Value $2.17M Shares 29,116 Est. Cost $73.07 Unrealized 0.0%

GEHC GE HEALTHCARE TECHNOLOGIES I 0.3%

Value $1.424M Shares 17,357 Est. Cost $74.70 Unrealized +4.3%

PYPL PAYPAL HLDGS INC 0.2%

Value $1.228M Shares 21,031 Est. Cost $64.84 Unrealized 0.0%

Q QNITY ELECTRONICS INC 0.0%

Value $251K Shares 3,077 Est. Cost $84.91 Unrealized 0.0%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TEL	TE CONNECTIVITY PLC	284,802	$64.82M	12.4%	$200.01	+15.6%	ORD SHS	G87052109
ANET	ARISTA NETWORKS INC	442,083	$57.95M	11.1%	$100.36	+37.2%	COM SHS	040413205
WAB	WABTEC	263,672	$56.31M	10.8%	$171.05	+20.0%	COM	929740108
TSM	TAIWAN SEMICONDUCTOR MFG LTD	182,745	$55.56M	10.7%	$304.03	—	SPONSORED ADS	874039100
—	ON HLDG AG	35,700	$29.87M	5.7%	—	—	Call	H5919C904
LLY	ELI LILLY & CO	25,716	$27.65M	5.3%	$955.55	0.0%	COM	532457108
XYL	XYLEM INC	199,927	$27.24M	5.2%	$143.58	0.0%	COM	98419M100
APH	AMPHENOL CORP NEW	183,750	$24.84M	4.8%	$78.76	+69.6%	CL A	032095101
MSFT	MICROSOFT CORP	51,246	$24.79M	4.8%	$500.58	0.0%	COM	594918104
UBER	UBER TECHNOLOGIES INC	272,382	$22.27M	4.3%	$93.22	-3.4%	COM	90353T100
NFLX	NETFLIX INC	235,621	$22.1M	4.2%	$104.13	+3.5%	COM	64110L106
ADSK	AUTODESK INC	74,092	$21.94M	4.2%	$304.55	-0.7%	COM	052769106
GLW	CORNING INC	241,150	$21.12M	4.1%	$64.97	+32.3%	COM	219350105
ADI	ANALOG DEVICES INC	74,780	$20.29M	3.9%	$250.62	0.0%	COM	032654105
—	NIKE INC	37,800	$10.17M	2.0%	—	—	Call	654106903
UHS	UNIVERSAL HLTH SVCS INC	33,940	$7.403M	1.4%	$179.65	+23.0%	CL B	913903100
GEV	GE VERNOVA INC	7,818	$5.112M	1.0%	$605.52	+0.6%	COM	36828A101
MU	MICRON TECHNOLOGY INC	15,847	$4.525M	0.9%	$127.82	+79.4%	COM	595112103
AVGO	BROADCOM INC	9,430	$3.265M	0.6%	$332.88	+7.2%	COM	11135F101
BKNG	BOOKING HOLDINGS INC	583	$3.124M	0.6%	$5351.82	-4.0%	COM	09857L108
AL	AIR LEASE CORP	45,888	$2.949M	0.6%	$63.69	0.0%	CL A	00912X302
GTLS	CHART INDS INC	12,000	$2.476M	0.5%	$202.64	0.0%	COM	16115Q308
HOLX	HOLOGIC INC	29,116	$2.17M	0.4%	$73.07	0.0%	COM	436440101
GEHC	GE HEALTHCARE TECHNOLOGIES I	17,357	$1.424M	0.3%	$74.70	+4.3%	COMMON STOCK	36266G107
PYPL	PAYPAL HLDGS INC	21,031	$1.228M	0.2%	$64.84	0.0%	COM	70450Y103
Q	QNITY ELECTRONICS INC	3,077	$251K	0.0%	$84.91	0.0%	COMMON STOCK	74743L100