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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
+0.97%
1 Year Est. Return
+52.65%
3 Year Est. Return
+148.48%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$299M
AUM Growth
+$101M
Cap. Flow
+$114M
Cap. Flow %
38.08%
Top 10 Hldgs %
100%
Holding
14
New
7
Increased
1
Reduced
1
Closed
5

Top Buys

Rank Stock Value
1
SBUX icon
Starbucks
SBUX
+$204M
2
CTVA icon
Corteva
CTVA
+$22.9M
3
HZNP
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
+$4.33M
4
ATVI
Activision Blizzard
ATVI
+$1.48M
5
AQUA
Evoqua Water Technologies Corp. Common Stock
AQUA
+$74.1K

Top Sells

Rank Stock Value
1
DG icon
Dollar General
DG
+$34.3M
2
BKNG icon
Booking.com
BKNG
+$9.03M
3
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$5.93M
4
LHCG
LHC Group LLC
LHCG
+$5.89M
5
KNBE
KnowBe4, Inc. Class A Common Stock
KNBE
+$1.57M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 68.23%
2 Consumer Staples 19.94%
3 Materials 7.56%
4 Technology 2.79%
5 Healthcare 1.43%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SBUX icon
1
Starbucks
SBUX
$121B
$204M 68.23%
+1,955,989
New +$204M
DG icon
2
Dollar General
DG
$28.1B
$59.5M 19.94%
282,853
-152,697
-35% -$34.3M
CTVA icon
3
Corteva
CTVA
$59.8B
$22.6M 7.56%
+374,437
New +$22.9M
ATVI
4
DELISTED
Activision Blizzard
ATVI
$8.33M 2.79%
97,366
+19,073
+24% +$1.48M
HZNP
5
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
$4.28M 1.43%
+39,204
New +$4.33M
AQUA
6
DELISTED
Evoqua Water Technologies Corp. Common Stock
AQUA
$78.9K 0.03%
+1,586
New +$74.1K
LCW
7
DELISTED
Learn CW Investment Corporation Class A Ordinary Shares
LCW
$15.6K 0.01%
+1,518
New +$15.5K
TCVA
8
DELISTED
TCV Acquisition Corp. Class A Ordinary Shares
TCVA
$14.3K ﹤0.01%
+1,400
New +$14.2K
PEGR
9
DELISTED
Project Energy Reimagined Acquisition Corp. Class A Ordinary Share
PEGR
$4.97K ﹤0.01%
+487
New +$4.94K
BKNG icon
10
Booking.com
BKNG
$150B
– –
-111,975
Closed -$9.03M
GOOGL icon
11
Alphabet (Google) Class A
GOOGL
$4.08T
– –
-67,194
Closed -$5.93M
SBUX icon
12
CALL
Starbucks
SBUX
$121B
– –
-187,910
Closed -$62M
LHCG
13
DELISTED
LHC Group LLC
LHCG
– –
-36,458
Closed -$5.89M
KNBE
14
DELISTED
KnowBe4, Inc. Class A Common Stock
KNBE
– –
-63,169
Closed -$1.57M

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CW
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SWC
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SP
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TCCM
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MIA
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SCMS
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Varenne Capital Partners's Q1 2023 Portfolio in Review

As of Q1 2023, Varenne Capital Partners held 14 positions worth $299M, up 51% from $198M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Varenne Capital Partners deployed $114M of net new capital in Q1 2023, opening 7 new positions and adding to 1 existing holding. Its largest new stake was Starbucks: 1,955,989 shares worth $204M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 68% of assets, up from 4.6% a quarter earlier, followed by Consumer Staples and Materials.

On the sell side, the largest reduction was Dollar General, an estimated $34.3M trimmed.

  • Varenne Capital Partners's largest Q1 2023 buy was Starbucks: 1,955,989 shares worth $204M.
  • Varenne Capital Partners added most to Activision Blizzard in Q1 2023, an estimated $1.48M increase.
  • Varenne Capital Partners's biggest Q1 2023 reduction was Dollar General, cutting an estimated $34.3M.
  • Varenne Capital Partners fully exited Booking.com in Q1 2023, selling an estimated $9.03M.
  • Varenne Capital Partners's ten largest holdings make up 100% of its $299M portfolio in Q1 2023.
  • Varenne Capital Partners opened 7 new positions and closed 5 in Q1 2023.
  • Varenne Capital Partners's portfolio value rose 51% quarter-over-quarter to $299M.

Based on Varenne Capital Partners's 13F filing for Q1 2023, filed 12 May 2023.