TA

Telemark Asset Management, LLC

Diversified strategyContrarianQuality / disciplined sizing

Total reported value

$1.1B

Reporting period: 2026-03-31 · Number of holdings: 53

Telemark Asset Management, LLC disclosed 53 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $1.1B and a quarterly turnover rate of 51.6%.

Personality snowflake

Concentration
14.18
Portfolio Stability
51.57
Momentum/Contrarian
0
Sector conviction
83.27
Diversification
100
Sizing Uniformity
90.54

Recent moves

  • Trim NVDA

    0.0%　-$7.3M

  • Trim TRMB

    -33.3%　-$10.5M

  • Trim SHOP

    -30.8%　-$10.3M

  • Trim META

    -25.0%　-$9.2M

  • Add ANDG

    +400.0%　$11.0M

  • Trim HEI

    0.0%　-$6.9M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1NVDANvidia CORPStock-Tech9.67%-1.51%—
2CCJCameco CORPStock-Energy9.04%-0.10%-10.00%
3HALHalliburton CoStock-Energy4.33%+4.33%NEW
4NOVTNovanta INCStock-Other4.09%——
5AMZNAmazon.com INCStock-Consumer Disc3.85%-0.76%—
6HEIHeico CORPStock-Industrials3.55%-0.97%—
7TSMTaiwan Semiconductor-sp AdrStock-Tech3.12%+0.08%—
8SLBSlb LTDStock-Energy2.85%+2.85%NEW
9PLTRPalantir Technologies Inc-aStock-Tech2.70%+0.92%+100.00%
10CLHClean Harbors INCStock-Industrials2.65%+0.78%+25.00%
11GLWCorning INCStock-Tech2.51%+0.76%—
12HEI-AHeico Corp-class AStock-Other2.44%-0.71%—
13MRNAModerna INCStock-Healthcare2.35%+2.35%NEW
14FNVFranco-nevada CORPStock-Materials2.28%+0.21%—
15BKRBaker Hughes CoStock-Energy2.26%+2.26%NEW
16ADIAnalog Devices INCStock-Tech2.06%—-17.65%
17CATCaterpillar INCStock-Industrials1.96%+1.96%NEW
18TERTeradyne INCStock-Tech1.92%+0.57%—
19BWXTBwx Technologies INCStock-Industrials1.89%+0.16%—
20AMSCAmerican Superconductor CORPStock-Other1.88%—-3.21%
21ALMAlmonty Industries INCStock-Other1.61%+0.47%-7.69%
22MODModine Manufacturing CoStock-Consumer Disc1.60%+0.27%-20.00%
23METAMeta Platforms Inc-class AStock-Comm Services1.59%-1.05%-25.00%
24DOCNDigitalocean Holdings INCStock-Tech1.59%+0.63%—
25WCNWaste Connections INCStock-Industrials1.50%-0.60%-16.67%
26KOPNKopin CORPStock-Other1.46%——
27TXNTexas Instruments INCStock-Tech1.44%+1.44%NEW
28GOOGLAlphabet Inc-cl AStock-Comm Services1.33%——
29AMATApplied Materials INCStock-Tech1.26%+0.23%—
30ANDGAndersen Group INC - AStock-Other1.26%+1.00%+400.00%
31ASMLASML Holding N.V.Stock-Tech1.22%——
32TRMBTrimble INCStock-Tech1.21%-1.14%-33.33%
33NXTNextpower Inc-cl AStock-Tech1.11%+1.11%NEW
34GRMNGarmin Ltd.Stock-Tech1.07%——
35✓ Karooooo LTDStock-Other0.99%—-4.44%
36LRCXLam Research CORPStock-Tech0.99%——
37SHOPShopify INC - Class AStock-Tech0.99%-1.10%-30.77%
38CAMTCamtek Ltd.Stock-Other0.98%+0.24%—
39BVBrightview Holdings INCStock-Other0.93%—+30.77%
40ORAOrmat Technologies INCStock-Utilities0.83%——
41ALNTAllient INCStock-Other0.82%——
42AXONAxon Enterprise INCStock-Industrials0.79%-0.34%—
43APPApplovin Corp-class AStock-Tech0.74%-0.61%—
44HLMNHillman Solutions CORPStock-Other0.73%——
45QBTSD-wave Quantum INCStock-Tech0.67%+0.67%NEW
46BDSXBiodesix INCStock-Other0.66%+0.44%+49.42%
47TWLOTwilio INC - AStock-Tech0.58%+0.58%NEW
48CDXSCodexis INCStock-Other0.58%——
49OVVOvintiv INCStock-Energy0.55%+0.55%NEW
50NXENexgen Energy LTDStock-Other0.54%+0.54%NEW
1–50 of 53

Holding changes this quarter

Telemark Asset Management, LLC's most significant position changes for 2026-03-31: New buy: Halliburton Co (HAL); New buy: Slb LTD (SLB); New buy: Moderna INC (MRNA); New buy: Baker Hughes Co (BKR); Sold out: Microchip Technology INC (MCHP).

Position changes disclosed by Telemark Asset Management, LLC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1ANDGAndersen Group INC - A+1%+400.00%Add
2PLTRPalantir Technologies Inc-a+0.9%+100.00%Add
3CLHClean Harbors INC+0.8%+25.00%Add
4GLWCorning INC+0.8%—Unchanged
5DOCNDigitalocean Holdings INC+0.6%—Unchanged
6TERTeradyne INC+0.6%—Unchanged
7ALMAlmonty Industries INC+0.5%-7.69%Trim
8BDSXBiodesix INC+0.4%+49.42%Add
9MODModine Manufacturing Co+0.3%-20.00%Trim
10CAMTCamtek Ltd.+0.2%—Unchanged
11AMATApplied Materials INC+0.2%—Unchanged
12FNVFranco-nevada CORP+0.2%—Unchanged
13BWXTBwx Technologies INC+0.2%—Unchanged
14TSMTaiwan Semiconductor-sp Adr+0.1%—Unchanged
15CCJCameco CORP-0.1%-10.00%Trim
16AXONAxon Enterprise INC-0.3%—Unchanged
17WCNWaste Connections INC-0.6%-16.67%Trim
18APPApplovin Corp-class A-0.6%—Unchanged
19HEI-AHeico Corp-class A-0.7%—Unchanged
20AMZNAmazon.com INC-0.8%—Unchanged
21HEIHeico CORP-1%—Unchanged
22METAMeta Platforms Inc-class A-1.1%-25.00%Trim
23SHOPShopify INC - Class A-1.1%-30.77%Trim
24TRMBTrimble INC-1.1%-33.33%Trim
25NVDANvidia CORP-1.5%—Unchanged
26HALHalliburton Co—NEWNew buy
27SLBSlb LTD—NEWNew buy
28MRNAModerna INC—NEWNew buy
29BKRBaker Hughes Co—NEWNew buy
30MCHPMicrochip Technology INC—EXITSold out
31CATCaterpillar INC—NEWNew buy
32MDBMongodb INC—EXITSold out
33EQTEqt CORP—EXITSold out
34TXNTexas Instruments INC—NEWNew buy
35MSFTMicrosoft CORP—EXITSold out
36FSLRFirst Solar INC—EXITSold out
37WGSGenedx Holdings CORP—EXITSold out
38SHLSShoals Technologies Group -a—EXITSold out
39NXTNextpower Inc-cl A—NEWNew buy
40MIRMirion Technologies INC—EXITSold out
41RRCRange Resources CORP—EXITSold out
42QBTSD-wave Quantum INC—NEWNew buy
43CLBTCellebrite DI Ltd.—EXITSold out
44TWLOTwilio INC - A—NEWNew buy
45OVVOvintiv INC—NEWNew buy
46NXENexgen Energy LTD—NEWNew buy
47BETABeta Technologies INC -cl A—EXITSold out
48ARMArm Holdings Plc-adr—EXITSold out
49ASPIAsp Isotopes INC—EXITSold out
50RIVNRivian Automotive Inc-a—EXITSold out

FAQ

What is Telemark Asset Management, LLC and what type of investor is it?
Telemark Asset Management, LLC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $1.1B, spread across 53 disclosed positions.
What are Telemark Asset Management, LLC's largest equity positions?
Based on the latest 13F filing, Telemark Asset Management, LLC's top holdings by market value are: 1. Nvidia CORP (NVDA) — $104.6M (9.7%) 2. Cameco CORP (CCJ) — $97.7M (9.0%) 3. Halliburton Co (HAL) — $46.8M (4.3%) 4. Novanta INC (NOVT) — $44.3M (4.1%) 5. Amazon.com INC (AMZN) — $41.7M (3.9%)
What changes did Telemark Asset Management, LLC make in its most recent portfolio filing?
In the latest reported quarter, Telemark Asset Management, LLC made 36 notable position adjustments: 11 new positions were initiated, 4 existing holdings were added to, 7 positions were partially reduced, and 14 were completely exited. The largest of these moves: New buy: Halliburton Co (HAL); New buy: Slb LTD (SLB); New buy: Moderna INC (MRNA); New buy: Baker Hughes Co (BKR); Sold out: Microchip Technology INC (MCHP)
What sectors does Telemark Asset Management, LLC focus on?
Telemark Asset Management, LLC is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 43.5% • Energy: 23.8% • Industrials: 15.4% • Consumer Discretionary: 6.8% • Communication Services: 3.6% • Health Care: 2.9%