Varenne Capital Partners 13F annual report
Varenne Capital Partners is an investment fund managing more than $354 billion ran by David Mellul. There are currently 14 companies in Mr. Mellul’s portfolio. The largest investments include NVIDIA Corp and Meta Platforms Inc, together worth $137 billion.
$354 billion Assets Under Management (AUM)
As of 5th August 2024, Varenne Capital Partners’s top holding is 600,735 shares of NVIDIA Corp currently worth over $74.2 billion and making up 21.0% of the portfolio value.
Relative to the number of outstanding shares of NVIDIA Corp, Varenne Capital Partners owns more than approximately 0.1% of the company.
In addition, the fund holds 124,469 shares of Meta Platforms Inc worth $62.8 billion, whose value grew 10.4% in the past six months.
The third-largest holding is Amazon.com worth $57.1 billion and the next is ServiceNow Inc worth $48.4 billion, with 61,543 shares owned.
Currently, Varenne Capital Partners's portfolio is worth at least $354 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Varenne Capital Partners
The Varenne Capital Partners office and employees reside in Paris, France. According to the last 13-F report filed with the SEC, David Mellul serves as the Managing Partner at Varenne Capital Partners.
Recent trades
In the most recent 13F filing, Varenne Capital Partners revealed that it had opened a new position in
International Flavors&fragra and bought 440,372 shares worth $41.9 billion.
The investment fund also strengthened its position in NVIDIA Corp by buying
580,247 additional shares.
This makes their stake in NVIDIA Corp total 600,735 shares worth $74.2 billion.
NVIDIA Corp dropped approximately 0.1% in the past year.
On the other hand, there are companies that Varenne Capital Partners is getting rid of from its portfolio.
Varenne Capital Partners closed its position in Veeva Sys Inc on 12th August 2024.
It sold the previously owned 388,080 shares for $89.9 billion.
David Mellul also disclosed a decreased stake in Eaton Corp Plc by 1.0%.
This leaves the value of the investment at $1.2 billion and 3,828 shares.
One of the smaller hedge funds
The two most similar investment funds to Varenne Capital Partners are Corsair Capital Management, L.P. and Morton Community Bank. They manage $354 billion and $354 billion respectively.
David Mellul investment strategy
Varenne Capital Partners’s portfolio is diversified across 5 sectors.
Currently, their heaviest sector is Technology — making up 63.8% of
the total portfolio value.
The fund focuses on investments in the United States as
71.4% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
64% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $445 billion.
The complete list of Varenne Capital Partners trades based on 13F SEC filings
These positions were updated on August 12th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Veeva Sys Inc |
Closed
388,080
|
$89,914,255,000 | |
| NVIDIA Corp |
2,832.13%
600,735
|
$74,214,802,000 | 20.97% |
| Meta Platforms Inc |
16.02%
124,469
|
$62,759,759,000 | 17.73% |
| Ulta Beauty Inc |
Closed
112,617
|
$58,885,177,000 | |
| Amazon.com Inc. |
10.73%
295,320
|
$57,070,590,000 | 16.12% |
| ServiceNow Inc |
6.23%
61,543
|
$48,414,032,000 | 13.68% |
| International Flavors&fragra |
Opened
440,372
|
$41,927,818,000 | 11.85% |
| Microsoft Corporation |
4.39%
69,105
|
$30,886,480,000 | 8.73% |
| Cadence Design System Inc |
Closed
94,674
|
$29,470,123,000 | |
| Synopsys, Inc. |
Closed
48,318
|
$27,613,737,000 | |
| Netflix Inc. |
Opened
26,168
|
$17,660,260,000 | 4.99% |
| GE Aerospace |
320.78%
50,199
|
$7,980,135,000 | 2.25% |
| Emerson Elec Co |
Closed
64,696
|
$7,337,820,000 | |
| Arista Networks Inc |
65.42%
15,731
|
$5,513,401,000 | 1.56% |
| Masonite Intl Corp |
Closed
29,181
|
$3,835,842,000 | |
| Perficient Inc. |
Opened
42,869
|
$3,206,173,000 | 0.91% |
| Ingersoll Rand Inc. |
Closed
28,832
|
$2,737,598,000 | |
| Eaton Corp Plc |
98.59%
3,828
|
$1,200,269,000 | 0.34% |
| Powerschool Holdings Inc |
Opened
49,445
|
$1,107,074,000 | 0.31% |
| Wabtec |
Opened
6,371
|
$1,006,937,000 | 0.28% |
| Alphabet Inc |
98.92%
5,443
|
$991,442,000 | 0.28% |
| No transactions found | |||
| Showing first 500 out of 21 holdings | |||
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