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TAM
Telemark Asset Management Portfolio holdings
AUM
$1.08B
1-Year Est. Return
70.88%
This Fund
S&P 500
This Quarter
Est. Return
+21.07%
1 Year Est. Return
+70.88%
3 Year Est. Return
+270.69%
5 Year Est. Return
+512.18%
10 Year Est. Return
+6,002.69%
AUM
$671M
AUM Growth
+$12.4M
(+1.9%)
Cap. Flow
-$86.4M
Cap. Flow
% of AUM
-12.87%
Top 10 Holdings %
Top 10 Hldgs %
47.77%
Holding
61
New
13
Increased
15
Reduced
6
Closed
14
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Applied Materials
AMAT
|
+$14.7M |
| 2 |
Pinterest
PINS
|
+$12.6M |
| 3 |
Camtek
CAMT
|
+$10.7M |
| 4 |
Onto Innovation
ONTO
|
+$10.1M |
| 5 |
Meta Platforms (Facebook)
META
|
+$9.77M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
HES
Hess
HES
|
+$38.3M |
| 2 |
SP
SP Plus Corporation
SP
|
+$33.7M |
| 3 |
SLB Ltd
SLB
|
+$29.1M |
| 4 |
Franco-Nevada
FNV
|
+$24M |
| 5 |
Moderna
MRNA
|
+$20.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 47.4% |
| 2 | Industrials | 17.6% |
| 3 | Consumer Discretionary | 9.3% |
| 4 | Energy | 7.7% |
| 5 | Communication Services | 4.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Lantheus
LNTH
$6.58B
| $9.61M | 1.43% |
155,000
-30,000
| -16% | -$2.03M |
|
27
Novanta
NOVT
$5.68B
| $8.42M | 1.25% |
50,000
| – | – |
|
28
Workday
WDAY
$42.3B
| $8.28M | 1.23% |
30,000
| – | – |
|
29
Codexis
CDXS
$154M
| $8.22M | 1.22% |
2,696,411
+171,911
| +7% | +$369K |
|
|
AMPS
30
DELISTED
Altus Power
AMPS
| $8.2M | 1.22% |
1,200,000
+100,000
| +9% | +$541K |
|
31
MongoDB
MDB
$30.6B
| $8.18M | 1.22% |
20,000
+10,000
| +100% | +$3.79M |
|
32
RxSight
RXST
$259M
| $8.06M | 1.2% |
+200,000
| New | +$5.87M |
|
33
Salesforce
CRM
$156B
| $7.89M | 1.18% |
+30,000
| New | +$6.79M |
|
34
TSMC
TSM
$2.16T
| $7.8M | 1.16% |
75,000
| – | – |
|
|
GTM
35
ZoomInfo Technologies
GTM
$1.07B
| $7.4M | 1.1% |
+400,000
| New | +$6.27M |
|
36
Uber
UBER
$147B
| $6.16M | 0.92% |
+100,000
| New | +$5.23M |
|
37
KLA
KLAC
$255B
| $5.81M | 0.87% |
+100,000
| New | +$5.2M |
|
38
Hillman Solutions
HLMN
$1.87B
| $5.71M | 0.85% |
620,000
+20,000
| +3% | +$153K |
|
39
Enphase Energy
ENPH
$5.52B
| $5.29M | 0.79% |
+40,000
| New | +$4.24M |
|
40
Mastercard
MA
$500B
| $4.27M | 0.64% |
10,000
| – | – |
|
41
TechTarget
TTGT
$317M
| $4.18M | 0.62% |
120,000
+30,000
| +33% | +$888K |
|
42
Klaviyo
KVYO
$5.72B
| $4.17M | 0.62% |
150,000
-50,000
| -25% | -$1.48M |
|
|
UDMY
43
DELISTED
Udemy
UDMY
| $3.24M | 0.48% |
+220,000
| New | +$2.74M |
|
44
Flywire
FLYW
$2.13B
| $2.78M | 0.41% |
120,000
+20,000
| +20% | +$504K |
|
45
Biodesix
BDSX
$236M
| $140K | 0.02% |
+3,800
| New | +$119K |
|
46
ATI
ATI
$27.3B
| – | – |
-100,000
| Closed | -$4.12M |
|
47
BWX Technologies
BWXT
$15.8B
| – | – |
-50,000
| Closed | -$3.75M |
|
48
Blackstone
BX
$110B
| – | – |
-60,000
| Closed | -$6.43M |
|
49
Cboe Global Markets
CBOE
$30.1B
| – | – |
-20,000
| Closed | -$3.12M |
|
|
50
Franco-Nevada
FNV
$42.2B
| – | – |
-180,000
| Closed | -$24M |
|
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Telemark Asset Management's Q4 2023 Portfolio in Review
As of Q4 2023, Telemark Asset Management held 61 positions worth $671M, up 1.9% from $659M the previous quarter. Its ten largest holdings account for 48% of the portfolio.
Telemark Asset Management withdrew a net $86.4M in Q4 2023, closing 14 positions and reducing 6 holdings. Its most notable exit was Hess, an estimated $38.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 47% of assets, up from 29% a quarter earlier, followed by Industrials and Consumer Discretionary.
Against the trend, Telemark Asset Management opened a new position in Applied Materials worth $16.2M.
- Telemark Asset Management's largest Q4 2023 buy was Applied Materials: 100,000 shares worth $16.2M.
- Telemark Asset Management added most to Meta Platforms (Facebook) in Q4 2023, an estimated $9.77M increase.
- Telemark Asset Management's biggest Q4 2023 reduction was Waste Connections, cutting an estimated $11M.
- Telemark Asset Management fully exited Hess in Q4 2023, selling an estimated $38.3M.
- Telemark Asset Management's ten largest holdings make up 48% of its $671M portfolio in Q4 2023.
- Telemark Asset Management opened 13 new positions and closed 14 in Q4 2023.
- Telemark Asset Management's portfolio value rose 1.9% quarter-over-quarter to $671M.
Based on Telemark Asset Management's 13F filing for Q4 2023, filed 12 Feb 2024.