In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 10, 2026), Varenne Capital Partners reported 26 stock positions worth $595.9 million . Its top holding was Broadcom (AVGO) at 13.8% of the portfolio, followed by Taiwan Semiconductor-SP ADR (TSM, 12.3% ) and Arista Networks (ANET, 11.9% ). Compared with Q1 2026, it opened 13 new positions, sold out of 14, added to 6 and reduced 6. The biggest buy was Broadcom (AVGO, shares +2174% ) and the biggest sale an exit from Booking (BKNG).
Location PARIS, I0
CIK 0001902567
Portfolio Value $595.9M (Q2 2026) Holdings 26 stocks · $595.9M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q1 2026 AVGO Broadcom Inc. 217,265 $82.0M Add +2173.6% TSM Taiwan Semiconductor-SP ADR 153,341 $73.2M Reduce -16.9% ANET Arista Networks Inc. 419,076 $71.1M Reduce -0.2% WWD Woodward Inc. 86,629 $36.8M New APH Amphenol Corp. Class A 186,110 $32.8M Add +0.4% LLY Eli Lilly & Co. 26,251 $31.5M Add +0.7% NVDA Nvidia Corp. 154,959 $31.0M New EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 355,673 $28.1M New ADI Analog Devices Inc. 70,156 $27.8M Reduce -13.4% CBOE Cboe Global Markets Inc. 106,908 $25.9M New FIVE Five Below 140,847 $25.3M New HSY The Hershey Co. 127,096 $22.3M New GMED Globus Medical Inc. Class A 238,200 $18.8M Add +0.7% GEHC GE Healthcare Technology 242,161 $15.5M Add +1273.1% AMZN Amazon.com Inc. 61,050 $14.5M New VFC VF Corp. 820,157 $13.7M New GXO Gxo Logistics Inc. 135,089 $6.8M Reduce -17.0% MU Micron Technology Inc. 5,305 $6.1M Reduce -56.4% TXT Textron Inc. 63,169 $5.8M New WCN Waste Connections Inc. 34,303 $5.7M New WAB Wabtec Corp. 20,473 $5.5M Add +6.5% JCI Johnson Controls Internation 33,223 $4.9M Reduce -34.0% ROST Ross Stores Inc. 18,694 $4.0M New GTLS Chart Industries Inc. 17,874 $3.7M No change WBD Warner Bros Discovery Inc. 103,500 $2.8M New BRC Brady Corporation Class A 3,269 $299K New
Options reported separately and not counted above: SCHWAB CHARLES CORP calls ($5.2M), WARNER BROS DISCOVERY INC puts ($2.1M), NIKE INC calls ($88K), META PLATFORMS INC calls ($65K).
Portfolio Sells Q1 2026 → Q2 2026 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2026 % Of Portfolio Change To Portfolio ▲ BKNG Booking Holdings Inc. Sold out 0.00% −6.73 NVST Envista Holdings Corp. Sold out 0.00% −6.64 TEL Te Connectivity PLC Sold out 0.00% −6.30 T AT&T Inc. Sold out 0.00% −6.02 DECK Deckers Outdoor Corp. Sold out 0.00% −5.05 MSFT Microsoft Corp. Sold out 0.00% −4.77 TSM Taiwan Semiconductor-SP ADR Reduce -16.9% 12.28% −3.25 ADI Analog Devices Inc. Reduce -13.4% 4.67% −1.75 GEV GE Vernova Inc. Sold out 0.00% −1.37 GXO Gxo Logistics Inc. Reduce -17.0% 1.15% −0.95 ANET Arista Networks Inc. Reduce -0.2% 11.94% −0.90 HOLX Hologic Inc. Sold out 0.00% −0.89 AL Sumisho Air Lease Corp. Sold out 0.00% −0.87 JCI Johnson Controls Internation Reduce -34.0% 0.81% −0.83 FOLD Amicus Therapeutics Inc. Sold out 0.00% −0.65 OS Onestream Inc. Sold out 0.00% −0.46 CWAN Clearwater Analytics HDS-A Sold out 0.00% −0.45 ROP Roper Technologies Inc. Sold out 0.00% −0.15 SEE Sealed Air Corp. Sold out 0.00% −0.07 MU Micron Technology Inc. Reduce -56.4% 1.03% +0.00
Portfolio Buys Q1 2026 → Q2 2026 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2026 % Of Portfolio Change To Portfolio ▼ AVGO Broadcom Inc. Add +2173.6% 13.76% +13.03 WWD Woodward Inc. New 6.18% +6.18 NVDA Nvidia Corp. New 5.20% +5.20 EL Estee Lauder Companies Class A New 4.71% +4.71 CBOE Cboe Global Markets Inc. New 4.35% +4.35 FIVE Five Below New 4.25% +4.25 HSY The Hershey Co. New 3.74% +3.74 AMZN Amazon.com Inc. New 2.44% +2.44 VFC VF Corp. New 2.29% +2.29 GEHC GE Healthcare Technology Add +1273.1% 2.60% +2.29 TXT Textron Inc. New 0.97% +0.97 WCN Waste Connections Inc. New 0.96% +0.96 ROST Ross Stores Inc. New 0.67% +0.67 WBD Warner Bros Discovery Inc. New 0.46% +0.46 BRC Brady Corporation Class A New 0.05% +0.05 WAB Wabtec Corp. Add +6.5% 0.93% −0.27 APH Amphenol Corp. Class A Add +0.4% 5.50% −0.33 LLY Eli Lilly & Co. Add +0.7% 5.28% −0.69 GMED Globus Medical Inc. Class A Add +0.7% 3.16% −1.92
Options Activity Q1 2026 → Q2 2026 Security Type Change vs Q1 2026 Underlying Shares Value ▼ MICRON TECHNOLOGY INC call Sold out 3,600 $8.0Mbefore exit SCHWAB CHARLES CORP call New 17,000 $5.2M WARNER BROS DISCOVERY INC put New 20,890 $2.1M AMAZON COM INC call Sold out 12,240 $688Kbefore exit NIKE INC call Reduce -54.8% 17,100 $88K META PLATFORMS INC call New 4,080 $65K
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 26 $595.9M AVGO, TSM, ANET, WWD, APH Q1 2026 27 $403.0M TSM, ANET, BKNG, NVST, ADI Q4 2025 24 $480.8M TEL, ANET, WAB, TSM, LLY Q3 2025 21 $473.9M APH, TEL, ANET, WAB, UHS Q2 2025 15 $396.4M APH, WAB, ANET, DIS, NFLX Q1 2025 15 $271.3M META, ANET, WAB, FLS, NFLX Q4 2024 15 $333.5M WAB, META, GOOGL, AMZN, NFLX Q3 2024 13 $513.9M META, WAB, ETN, NFLX, IFF Q2 2024 14 $353.9M NVDA, META, AMZN, NOW, IFF Q1 2024 16 $576.4M VEEV, ETN, GOOGL, ULTA, META