We are live on ! Find out more
TAM

Telemark Asset Management Portfolio holdings

AUM $1.08B
1-Year Est. Return 70.88%
This Fund
S&P 500
This Quarter Est. Return
+12.28%
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
$1.05B
AUM Growth
-$48.7M
Cap. Flow
-$129M
Cap. Flow %
-12.23%
Top 10 Hldgs %
48.89%
Holding
56
New
7
Increased
11
Reduced
6
Closed
9

Top Buys

Rank Stock Value
1
MRNA icon
Moderna
MRNA
+$13.9M
2
WGS icon
GeneDx Holdings
WGS
+$13.1M
3
NOVT icon
Novanta
NOVT
+$11.9M
4
TWLO icon
Twilio
TWLO
+$11.3M
5
FNV icon
Franco-Nevada
FNV
+$9.01M

Top Sells

Rank Stock Value
1
BA icon
Boeing
BA
+$21M
2
MT icon
ArcelorMittal
MT
+$12.6M
3
OSIS icon
OSI Systems
OSIS
+$11.2M
4
BILL icon
BILL Holdings
BILL
+$9.25M
5
ARM icon
Arm
ARM
+$7.28M

Sector Composition

Rank Sector Weight
1 Technology 39.89%
2 Industrials 24.97%
3 Energy 12.43%
4 Communication Services 5.34%
5 Materials 5.13%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WGS icon
26
GeneDx Holdings
WGS
$2.1B
$12.9M 1.23%
+120,000
New +$13.1M
FFIV icon
27
F5
FFIV
$23.4B
$12.9M 1.23%
40,000
– –
MRNA icon
28
Moderna
MRNA
$22.8B
$12.9M 1.23%
+500,000
New +$13.9M
KARO icon
29
Karooooo
KARO
$2B
$12.9M 1.22%
225,150
– –
ASPI icon
30
ASP Isotopes
ASPI
$540M
$12.7M 1.21%
1,325,000
-100,000
-7% -$922K
ASPN icon
31
Aspen Aerogels
ASPN
$419M
$12.5M 1.18%
1,792,424
– –
GOOGL icon
32
Alphabet (Google) Class A
GOOGL
$4.62T
$12.2M 1.15%
50,000
+20,000
+67% +$4.19M
KOPN icon
33
Kopin
KOPN
$769M
$12.2M 1.15%
5,000,000
+1,000,000
+25% +$2.04M
MIR icon
34
Mirion Technologies
MIR
$4.03B
$11.6M 1.1%
500,000
– –
CLBT icon
35
Cellebrite
CLBT
$3.94B
$11.1M 1.06%
600,000
+100,000
+20% +$1.57M
CDXS icon
36
Codexis
CDXS
$154M
$9.76M 0.93%
4,000,000
– –
TER icon
37
Teradyne
TER
$63.1B
$9.63M 0.91%
+70,000
New +$7.65M
HLMN icon
38
Hillman Solutions
HLMN
$1.87B
$9.18M 0.87%
1,000,000
– –
SNOW icon
39
Snowflake
SNOW
$110B
$9.02M 0.86%
+40,000
New +$8.59M
ALM
40
Almonty Industries
ALM
$3.77B
$7.84M 0.74%
+1,300,000
New +$5.91M
SHLS icon
41
Shoals Technologies Group
SHLS
$1.55B
$7.41M 0.7%
1,000,000
+500,000
+100% +$3.08M
ARM icon
42
Arm
ARM
$300B
$7.07M 0.67%
50,000
-50,000
-50% -$7.28M
MSFT icon
43
Microsoft
MSFT
$3.66T
$5.18M 0.49%
10,000
– –
ASML icon
44
ASML
ASML
$658B
$3.87M 0.37%
4,000
-6,000
-60% -$4.72M
LRCX icon
45
Lam Research
LRCX
$398B
$3.35M 0.32%
+25,000
New +$2.65M
CAMT icon
46
Camtek
CAMT
$7.07B
$3.15M 0.3%
+30,000
New +$2.69M
BDSX icon
47
Biodesix
BDSX
$236M
$3.13M 0.3%
414,124
-1
-0% -$8
ARBE icon
48
Arbe Robotics
ARBE
$89.4M
– –
-1,150,000
Closed -$2.05M
ARRY icon
49
Array Technologies
ARRY
$924M
– –
-500,000
Closed -$2.95M
BA icon
50
Boeing
BA
$187B
– –
-100,000
Closed -$21M
1
2
3

Similar funds

FNT
First Nebraska Trust Lincoln, Nebraska $1.08B AUM 14.75% 1-Year Est. Return
EG
Electrum Group New York $1.08B AUM
CIS
Connors Investor Services Wyomissing, Pennsylvania $1.08B AUM 31.31% 1-Year Est. Return
HBCM
Heron Bay Capital Management Bloomfield Hills, Michigan $1.08B AUM 7.99% 1-Year Est. Return
ACP
Atalan Capital Partners New York $1.08B AUM 75.27% 1-Year Est. Return
SI
Sora Investors Bryn Mawr, Pennsylvania $1.09B AUM 36.44% 1-Year Est. Return
PWA
Pitcairn Wealth Advisors Conshohocken, Pennsylvania $1.09B AUM
MIA
MMBG Investment Advisors Miami, Florida $1.09B AUM 30.96% 1-Year Est. Return

Telemark Asset Management's Q3 2025 Portfolio in Review

As of Q3 2025, Telemark Asset Management held 56 positions worth $1.05B, down 4.4% from $1.1B the previous quarter. Its ten largest holdings account for 49% of the portfolio.

Telemark Asset Management withdrew a net $129M in Q3 2025, closing 9 positions and reducing 6 holdings. Its most notable exit was Boeing, an estimated $21M position sold in full.

By sector, the portfolio is most concentrated in Technology at 40% of assets, up from 32% a quarter earlier, followed by Industrials and Energy.

Against the trend, Telemark Asset Management opened a new position in Moderna worth $12.9M.

  • Telemark Asset Management's largest Q3 2025 buy was Moderna: 500,000 shares worth $12.9M.
  • Telemark Asset Management added most to Novanta in Q3 2025, an estimated $11.9M increase.
  • Telemark Asset Management's biggest Q3 2025 reduction was Arm, cutting an estimated $7.28M.
  • Telemark Asset Management fully exited Boeing in Q3 2025, selling an estimated $21M.
  • Telemark Asset Management's ten largest holdings make up 49% of its $1.05B portfolio in Q3 2025.
  • Telemark Asset Management opened 7 new positions and closed 9 in Q3 2025.
  • Telemark Asset Management's portfolio value fell 4.4% quarter-over-quarter to $1.05B.

Based on Telemark Asset Management's 13F filing for Q3 2025, filed 10 Nov 2025.