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VCP
Varenne Capital Partners Portfolio holdings
AUM
$413M
1-Year Est. Return
52.65%
This Fund
S&P 500
This Quarter
Est. Return
-10.11%
1 Year Est. Return
+52.65%
3 Year Est. Return
+148.48%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$493M
AUM Growth
-$181M
(-27%)
Cap. Flow
-$128M
Cap. Flow
% of AUM
-25.98%
Top 10 Holdings %
Top 10 Hldgs %
97.99%
Holding
20
New
5
Increased
1
Reduced
6
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Nike
NKE
|
+$102M |
| 2 |
CERN
Cerner Corp
CERN
|
+$6.96M |
| 3 |
FLOW
SPX FLOW, Inc.
FLOW
|
+$4.2M |
| 4 |
Dollar General
DG
|
+$3.42M |
| 5 |
MTOR
MERITOR, Inc.
MTOR
|
+$692K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Lam Research
LRCX
|
+$103M |
| 2 |
Applied Materials
AMAT
|
+$65.9M |
| 3 |
Vertex Pharmaceuticals
VRTX
|
+$34.1M |
| 4 |
KLA
KLAC
|
+$11.4M |
| 5 |
NUAN
Nuance Communications, Inc.
NUAN
|
+$7.48M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 29.19% |
| 2 | Consumer Staples | 21.15% |
| 3 | Technology | 20.32% |
| 4 | Consumer Discretionary | 19.94% |
| 5 | Healthcare | 4.69% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Alphabet (Google) Class A
GOOGL
$4.08T
| $144M | 29.19% |
1,034,320
-400
| -0% | -$54.3K |
|
|
2
Dollar General
DG
$28.1B
| $104M | 21.15% |
468,090
+16,104
| +4% | +$3.42M |
|
|
3
Nike
NKE
$62.7B
| $97.4M | 19.77% |
+723,978
| New | +$102M |
|
|
4
Applied Materials
AMAT
$398B
| $47M | 9.53% |
356,368
-478,390
| -57% | -$65.9M |
|
|
5
KLA
KLAC
$236B
| $27.7M | 5.61% |
755,870
-306,060
| -29% | -$11.4M |
|
6
Sarepta Therapeutics
SRPT
$1.64B
| $23.1M | 4.69% |
295,733
-28,928
| -9% | -$2.22M |
|
|
DOCU
7
DocuSign
DOCU
$10.4B
| $18.8M | 3.82% |
175,533
-17,116
| -9% | -$1.96M |
|
|
TXNM
8
TXNM Energy Inc
TXNM
$6.42B
| $7.17M | 1.46% |
150,450
-1,338
| -0.9% | -$60.9K |
|
|
CERN
9
DELISTED
Cerner Corp
CERN
| $7.03M | 1.43% |
+75,146
| New | +$6.96M |
|
|
CHNG
10
DELISTED
Change Healthcare Inc. Common Stock
CHNG
| $6.67M | 1.35% |
305,872
| – | – |
|
|
WBT
11
DELISTED
Welbilt, Inc.
WBT
| $4.76M | 0.97% |
200,407
| – | – |
|
|
FLOW
12
DELISTED
SPX FLOW, Inc.
FLOW
| $4.22M | 0.86% |
+48,936
| New | +$4.2M |
|
|
MTOR
13
DELISTED
MERITOR, Inc.
MTOR
| $833K | 0.17% |
+23,424
| New | +$692K |
|
|
CNR
14
DELISTED
Cornerstone Building Brands, Inc.
CNR
| $80K | 0.02% |
+3,304
| New | +$65.7K |
|
|
15
Lam Research
LRCX
$372B
| – | – |
-1,435,910
| Closed | -$103M |
|
|
16
Vertex Pharmaceuticals
VRTX
$122B
| – | – |
-155,070
| Closed | -$34.1M |
|
|
CONE
17
DELISTED
CyrusOne Inc Common Stock
CONE
| – | – |
-78,193
| Closed | -$7.01M |
|
|
NUAN
18
DELISTED
Nuance Communications, Inc.
NUAN
| – | – |
-135,141
| Closed | -$7.48M |
|
|
MCFE
19
DELISTED
McAfee Corp. Class A Common Stock
MCFE
| – | – |
-201,788
| Closed | -$5.2M |
|
|
MGLN
20
DELISTED
Magellan Health Services, Inc.
MGLN
| – | – |
-68,471
| Closed | -$6.5M |
|
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Varenne Capital Partners's Q1 2022 Portfolio in Review
As of Q1 2022, Varenne Capital Partners held 20 positions worth $493M, down 27% from $674M the previous quarter. Its ten largest holdings account for 98% of the portfolio.
Varenne Capital Partners withdrew a net $128M in Q1 2022, closing 6 positions and reducing 6 holdings. Its most notable exit was Lam Research, an estimated $103M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 29% of assets, up from 22% a quarter earlier, followed by Consumer Staples and Technology.
Against the trend, Varenne Capital Partners opened a new position in Nike worth $97.4M.
- Varenne Capital Partners's largest Q1 2022 buy was Nike: 723,978 shares worth $97.4M.
- Varenne Capital Partners added most to Dollar General in Q1 2022, an estimated $3.42M increase.
- Varenne Capital Partners's biggest Q1 2022 reduction was Applied Materials, cutting an estimated $65.9M.
- Varenne Capital Partners fully exited Lam Research in Q1 2022, selling an estimated $103M.
- Varenne Capital Partners's ten largest holdings make up 98% of its $493M portfolio in Q1 2022.
- Varenne Capital Partners opened 5 new positions and closed 6 in Q1 2022.
- Varenne Capital Partners's portfolio value fell 27% quarter-over-quarter to $493M.
Based on Varenne Capital Partners's 13F filing for Q1 2022, filed 12 May 2022.