Telemark Asset Management’s Novartis NVS Stock Holding History

Telemark Asset Management’s Portfolio NVS Stock Details NVS Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q3	–	Sell	-156,240	Closed	-$13.8M	–	31
2015 Q2	$13.8M	Sell	156,240 -33,480	-18%	-$3.07M	3.63%	11
2015 Q1	$16.8M	Hold	189,720	–	–	4.68%	7
2014 Q4	$15.8M	Sell	189,720 -11,160	-6%	-$925K	4.64%	6
2014 Q3	$16.9M	Buy	200,880 +89,280	+80%	+$7.22M	4.53%	5
2014 Q2	$9.05M	Buy	+111,600	New	+$8.78M	2.48%	19

Other funds holding NVS

Dodge & Cox San Francisco, California $182B AUM 14.68% 1-Year Est. Return

Primecap Management Pasadena, California $127B AUM 44.11% 1-Year Est. Return

BBHC

Brown Brothers Harriman & Co New York $18.6B AUM 15.81% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

Franklin Resources San Mateo, California $408B AUM 30.18% 1-Year Est. Return

Fisher Asset Management Camas, Washington $295B AUM 31.6% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

Loomis, Sayles & Company Boston, Massachusetts $74.3B AUM 24.01% 1-Year Est. Return

Institutional Capital Chicago, Illinois $6.75B AUM 3.44% 1-Year Est. Return

Telemark Asset Management's NVS Position: Q3 2015 in Review

Telemark Asset Management sold out of Novartis (NVS) in Q3 2015, closing a stake of 156,240 shares — an estimated $13.8M sold.

Telemark Asset Management first reported a position in NVS in Q2 2014 and held it in 5 quarters. The position peaked at $16.9M in Q3 2014. 925 funds tracked by Wall St. Rank hold NVS as of Q3 2015.

Telemark Asset Management reported no remaining Novartis position as of Q3 2015 after selling out during the quarter.
Telemark Asset Management sold 156,240 Novartis shares in Q3 2015, an estimated $13.8M.
Telemark Asset Management first reported a position in Novartis in Q2 2014 and held it in 5 quarters.
Telemark Asset Management's Novartis position peaked at $16.9M in Q3 2014.
925 funds tracked by Wall St. Rank held Novartis as of Q3 2015.

Based on Telemark Asset Management's 13F filing for Q3 2015, filed 2 Nov 2015.