In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 12, 2024), Varenne Capital Partners reported 14 stock positions worth $353.9 million . Its top holding was Nvidia (NVDA) at 21.0% of the portfolio, followed by Meta Platforms Class A (META, 17.7% ) and Amazon.com (AMZN, 16.1% ). Compared with Q1 2024, it opened 5 new positions, sold out of 7, added to 7 and reduced 2. The biggest buy was Nvidia (NVDA, shares +193% ) and the biggest sale an exit from Veeva Systems Class A (VEEV).
Location PARIS, I0
CIK 0001902567
Portfolio Value $353.9M (Q2 2024) Holdings 14 stocks · $353.9M 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 2024 NVDA Nvidia Corp. 600,735 $74.2M Add +193.2% META Meta Platforms Inc. Class A 124,469 $62.8M Add +16.0% AMZN Amazon.com Inc. 295,320 $57.1M Add +10.7% NOW ServiceNow Inc. 61,543 $48.4M Add +6.2% IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 440,372 $41.9M New MSFT Microsoft Corp. 69,105 $30.9M Add +4.4% NFLX Netflix Inc. 26,168 $17.7M New GE General Electric filed as GE AEROSPACE 50,199 $8.0M Add +320.8% ANET Arista Networks Inc. 15,731 $5.5M Add +65.4% PRFT Perficient Inc. 42,869 $3.2M New ETN Eaton Corp. PLC 3,828 $1.2M Reduce -98.6% PWSC Powerschool Holdings Inc. Class A 49,445 $1.1M New WAB Wabtec Corp. 6,371 $1.0M New GOOGL Alphabet Inc. Class A 5,443 $991K Reduce -98.9%
Options reported separately and not counted above: UBS calls ($28.6M), GE AEROSPACE calls ($13.5M).
Portfolio Sells Q1 2024 → Q2 2024 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 2024 % Of Portfolio Change To Portfolio ▲ VEEV Veeva Systems Inc. Class A Sold out 0.00% −15.60 ETN Eaton Corp. PLC Reduce -98.6% 0.34% −14.37 GOOGL Alphabet Inc. Class A Reduce -98.9% 0.28% −12.95 ULTA Ulta Beauty Inc. Sold out 0.00% −10.22 CDNS Cadence Design SYS Inc. Sold out 0.00% −5.11 SNPS Synopsys Inc. Sold out 0.00% −4.79 EMR Emerson Electric Co. Sold out 0.00% −1.27 DOOR Masonite International Corp. Sold out 0.00% −0.67 IR Ingersoll-Rand Inc. Sold out 0.00% −0.47
Portfolio Buys Q1 2024 → Q2 2024 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 2024 % Of Portfolio Change To Portfolio ▼ NVDA Nvidia Corp. Add +193.2% 20.97% +17.76 IFF Intl Flavors & Fragrances New 11.85% +11.85 META Meta Platforms Inc. Class A Add +16.0% 17.73% +8.69 AMZN Amazon.com Inc. Add +10.7% 16.12% +7.78 NOW ServiceNow Inc. Add +6.2% 13.68% +6.02 NFLX Netflix Inc. New 4.99% +4.99 MSFT Microsoft Corp. Add +4.4% 8.73% +3.89 GE General Electric Add +320.8% 2.25% +1.89 ANET Arista Networks Inc. Add +65.4% 1.56% +1.08 PRFT Perficient Inc. New 0.91% +0.91 PWSC Powerschool Holdings Inc. Class A New 0.31% +0.31 WAB Wabtec Corp. New 0.28% +0.28
Options Activity Q1 2024 → Q2 2024 Security Type Change vs Q1 2024 Underlying Shares Value ▼ UBS UBS Group AG-Reg call Reduce -1.2% 321,354 $28.6M GE AEROSPACE call New 18,480 $13.5M
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