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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
-4.01%
1 Year Est. Return
+52.65%
3 Year Est. Return
+148.48%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$215M
AUM Growth
-$83.9M
Cap. Flow
-$74.3M
Cap. Flow %
-34.64%
Top 10 Hldgs %
100%
Holding
14
New
5
Increased
4
Reduced
1
Closed
3

Top Buys

Rank Stock Value
1
QGEN icon
Qiagen
QGEN
+$27.6M
2
UNVR
Univar Solutions Inc.
UNVR
+$5.29M
3
ARNC
Arconic Corporation
ARNC
+$2.02M
4
HZNP
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
+$1.83M
5
ATVI
Activision Blizzard
ATVI
+$378K

Top Sells

Rank Stock Value
1
SBUX icon
Starbucks
SBUX
+$60.2M
2
DG icon
Dollar General
DG
+$59.5M
3
AQUA
Evoqua Water Technologies Corp. Common Stock
AQUA
+$78.9K
4
TCVA
TCV Acquisition Corp. Class A Ordinary Shares
TCVA
+$14.3K

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 63.53%
2 Healthcare 15.4%
3 Materials 12.65%
4 Technology 4.01%
5 Industrials 1.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SBUX icon
1
Starbucks
SBUX
$118B
$136M 63.53%
1,376,437
-579,552
-30% -$60.2M
QGEN icon
2
Qiagen
QGEN
$8.63B
$27.2M 12.7%
+572,435
New +$27.6M
CTVA icon
3
Corteva
CTVA
$59.5B
$21.8M 10.16%
380,721
+6,284
+2% +$367K
ATVI
4
DELISTED
Activision Blizzard
ATVI
$8.6M 4.01%
102,032
+4,666
+5% +$378K
UBS icon
5
CALL
UBS Group
UBS
$171B
$7.26M 3.38%
+395,000
New +$7.94M
HZNP
6
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
$5.82M 2.71%
56,545
+17,341
+44% +$1.83M
UNVR
7
DELISTED
Univar Solutions Inc.
UNVR
$5.34M 2.49%
+148,948
New +$5.29M
ARNC
8
DELISTED
Arconic Corporation
ARNC
$2.17M 1.01%
+73,356
New +$2.02M
LCW
9
DELISTED
Learn CW Investment Corporation Class A Ordinary Shares
LCW
$21.6K 0.01%
2,064
+546
+36% +$5.67K
PEGR
10
DELISTED
Project Energy Reimagined Acquisition Corp. Class A Ordinary Share
PEGR
$5.04K ﹤0.01%
487
– –
CORS
11
DELISTED
Corsair Partnering Corporation
CORS
$2.07K ﹤0.01%
+200
New +$2.06K
DG icon
12
Dollar General
DG
$27.8B
– –
-282,853
Closed -$59.5M
AQUA
13
DELISTED
Evoqua Water Technologies Corp. Common Stock
AQUA
– –
-1,586
Closed -$78.9K
TCVA
14
DELISTED
TCV Acquisition Corp. Class A Ordinary Shares
TCVA
– –
-1,400
Closed -$14.3K

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CW
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SWC
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SP
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Varenne Capital Partners's Q2 2023 Portfolio in Review

As of Q2 2023, Varenne Capital Partners held 14 positions worth $215M, down 28% from $299M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Varenne Capital Partners withdrew a net $74.3M in Q2 2023, closing 3 positions and reducing 1 holding. Its most notable exit was Dollar General, an estimated $59.5M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 64% of assets, down from 68% a quarter earlier, followed by Healthcare and Materials.

Against the trend, Varenne Capital Partners opened a new position in Qiagen worth $27.2M.

  • Varenne Capital Partners's largest Q2 2023 buy was Qiagen: 572,435 shares worth $27.2M.
  • Varenne Capital Partners added most to Horizon Therapeutics Public Limited Company Ordinary Shares in Q2 2023, an estimated $1.83M increase.
  • Varenne Capital Partners's biggest Q2 2023 reduction was Starbucks, cutting an estimated $60.2M.
  • Varenne Capital Partners fully exited Dollar General in Q2 2023, selling an estimated $59.5M.
  • Varenne Capital Partners's ten largest holdings make up 100% of its $215M portfolio in Q2 2023.
  • Varenne Capital Partners opened 5 new positions and closed 3 in Q2 2023.
  • Varenne Capital Partners's portfolio value fell 28% quarter-over-quarter to $215M.

Based on Varenne Capital Partners's 13F filing for Q2 2023, filed 11 Aug 2023.