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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
+17.19%
1 Year Est. Return
+52.65%
3 Year Est. Return
+148.48%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$335M
AUM Growth
+$231M
Cap. Flow
+$159M
Cap. Flow %
47.48%
Top 10 Hldgs %
96.08%
Holding
25
New
17
Increased
1
Reduced
1
Closed
6

Top Buys

Rank Stock Value
1
ULTA icon
Ulta Beauty
ULTA
+$48M
2
NVDA icon
NVIDIA
NVDA
+$38.9M
3
AMZN icon
Amazon
AMZN
+$37.7M
4
MSFT icon
Microsoft
MSFT
+$25.7M
5
META icon
Meta Platforms (Facebook)
META
+$24.8M

Top Sells

Rank Stock Value
1
QGEN icon
Qiagen
QGEN
+$24.6M
2
ATVI
Activision Blizzard
ATVI
+$19.7M
3
HZNP
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
+$8.08M
4
NATI
National Instruments Corp
NATI
+$3.61M
5
HCCI
Heritage-Crystal Clean, Inc.
HCCI
+$419K

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 28.88%
2 Technology 23.52%
3 Communication Services 8.91%
4 Industrials 7.9%
5 Healthcare 0.49%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
UBS icon
1
CALL
UBS Group
UBS
$170B
$79.9M 23.89%
389,476
-101,049
-21% -$2.66M
ULTA icon
2
Ulta Beauty
ULTA
$21.8B
$55.8M 16.66%
+113,812
New +$48M
NVDA icon
3
NVIDIA
NVDA
$4.6T
$41.6M 12.42%
+839,360
New +$38.9M
AMZN icon
4
Amazon
AMZN
$2.44T
$40.9M 12.22%
+269,134
New +$37.7M
MSFT icon
5
Microsoft
MSFT
$2.9T
$27.1M 8.11%
+72,150
New +$25.7M
META icon
6
Meta Platforms (Facebook)
META
$1.49T
$27M 8.05%
+76,151
New +$24.8M
EMR icon
7
Emerson Electric
EMR
$81.6B
$23.2M 6.94%
+238,707
New +$21.9M
TSM icon
8
CALL
TSMC
TSM
$1.94T
$20.4M 6.09%
+46,311
New +$4.42M
GOOGL icon
9
Alphabet (Google) Class A
GOOGL
$4.12T
$2.87M 0.86%
+20,524
New +$2.76M
CDNS icon
10
Cadence Design Systems
CDNS
$91.6B
$2.84M 0.85%
+10,441
New +$2.69M
NOW icon
11
ServiceNow
NOW
$120B
$1.72M 0.51%
+12,175
New +$1.53M
ANET icon
12
Arista Networks
ANET
$199B
$1.7M 0.51%
+28,888
New +$1.52M
SNPS icon
13
Synopsys
SNPS
$71.6B
$1.7M 0.51%
+3,302
New +$1.69M
IR icon
14
Ingersoll Rand
IR
$33.1B
$1.69M 0.51%
+21,892
New +$1.5M
CRM icon
15
Salesforce
CRM
$154B
$1.69M 0.5%
+6,415
New +$1.45M
FTRE icon
16
Fortrea Holdings
FTRE
$1.93B
$1.63M 0.49%
46,627
+23,554
+102% +$720K
GE icon
17
GE Aerospace
GE
$364B
$1.52M 0.45%
+14,948
New +$1.38M
TGH
18
DELISTED
Textainer Group Holdings limited
TGH
$1.11M 0.33%
+22,636
New +$1.04M
AVGO icon
19
Broadcom
AVGO
$1.76T
$367K 0.11%
+3,290
New +$312K
QGEN icon
20
Qiagen
QGEN
$8.62B
– –
-572,435
Closed -$24.6M
LCW
21
DELISTED
Learn CW Investment Corporation Class A Ordinary Shares
LCW
– –
-1,564
Closed -$16.7K
HCCI
22
DELISTED
Heritage-Crystal Clean, Inc.
HCCI
– –
-9,249
Closed -$419K
NATI
23
DELISTED
National Instruments Corp
NATI
– –
-60,608
Closed -$3.61M
HZNP
24
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
– –
-69,869
Closed -$8.08M
ATVI
25
DELISTED
Activision Blizzard
ATVI
– –
-210,066
Closed -$19.7M

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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 Q4 2023 Portfolio in Review

As of Q4 2023, Varenne Capital Partners held 25 positions worth $335M, up 223% from $104M the previous quarter. Its ten largest holdings account for 96% of the portfolio.

Varenne Capital Partners deployed $159M of net new capital in Q4 2023, opening 17 new positions and adding to 1 existing holding. Its largest new stake was Ulta Beauty: 113,812 shares worth $55.8M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 29% of assets, up from 0% a quarter earlier, followed by Technology and Communication Services.

On the sell side, the most notable exit was Qiagen, an estimated $24.6M sold.

  • Varenne Capital Partners's largest Q4 2023 buy was Ulta Beauty: 113,812 shares worth $55.8M.
  • Varenne Capital Partners added most to Fortrea Holdings in Q4 2023, an estimated $720K increase.
  • Varenne Capital Partners fully exited Qiagen in Q4 2023, selling an estimated $24.6M.
  • Varenne Capital Partners's ten largest holdings make up 96% of its $335M portfolio in Q4 2023.
  • Varenne Capital Partners opened 17 new positions and closed 6 in Q4 2023.
  • Varenne Capital Partners's portfolio value rose 223% quarter-over-quarter to $335M.

Based on Varenne Capital Partners's 13F filing for Q4 2023, filed 13 Feb 2024.