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
+3.54%
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
$1B
AUM Growth
-$52.4M
Cap. Flow
-$37.7M
Cap. Flow %
-3.77%
Top 10 Hldgs %
47.38%
Holding
61
New
14
Increased
8
Reduced
21
Closed
5

Top Buys

Rank Stock Value
1
PLTR icon
Palantir
PLTR
+$18.1M
2
MOD icon
Modine Manufacturing
MOD
+$14.9M
3
MDB icon
MongoDB
MDB
+$14.6M
4
NOVT icon
Novanta
NOVT
+$14.2M
5
FSLR icon
First Solar
FSLR
+$12.6M

Top Sells

Rank Stock Value
1
CSGP icon
CoStar Group
CSGP
+$46.4M
2
TWLO icon
Twilio
TWLO
+$20M
3
META icon
Meta Platforms (Facebook)
META
+$13.4M
4
FFIV icon
F5
FFIV
+$12.9M
5
MRNA icon
Moderna
MRNA
+$12.9M

Sector Composition

Rank Sector Weight
1 Technology 49.03%
2 Industrials 20.34%
3 Energy 11.8%
4 Consumer Discretionary 6.6%
5 Communication Services 5.55%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
APP icon
26
Applovin
APP
$141B
$13.5M 1.35%
+20,000
New +$12.6M
MOD icon
27
Modine Manufacturing
MOD
$10.7B
$13.4M 1.33%
+100,000
New +$14.9M
FSLR icon
28
First Solar
FSLR
$26.2B
$13.1M 1.3%
+50,000
New +$12.6M
WGS icon
29
GeneDx Holdings
WGS
$2.1B
$13M 1.3%
100,000
-20,000
-17% -$2.75M
SHLS icon
30
Shoals Technologies Group
SHLS
$1.55B
$12.8M 1.27%
1,500,000
+500,000
+50% +$4.49M
MIR icon
31
Mirion Technologies
MIR
$4.03B
$11.7M 1.17%
500,000
– –
ALM
32
Almonty Industries
ALM
$3.77B
$11.5M 1.14%
1,300,000
– –
AXON
33
Axon Enterprise
AXON
$48.9B
$11.4M 1.13%
20,000
-10,000
-33% -$6.21M
ASML icon
34
ASML
ASML
$658B
$10.7M 1.07%
10,000
+6,000
+150% +$6.26M
RRC icon
35
Range Resources
RRC
$9.28B
$10.6M 1.06%
300,000
-300,000
-50% -$11.2M
AMAT icon
36
Applied Materials
AMAT
$434B
$10.3M 1.03%
+40,000
New +$9.59M
KARO icon
37
Karooooo
KARO
$2B
$10.2M 1.02%
225,150
– –
GRMN
38
Garmin
GRMN
$59.3B
$10.1M 1.01%
50,000
-50,000
-50% -$10.9M
DOCN icon
39
DigitalOcean
DOCN
$15.1B
$9.62M 0.96%
+200,000
New +$8.81M
ORA icon
40
Ormat Technologies
ORA
$6.15B
$8.84M 0.88%
+80,000
New +$8.75M
LRCX icon
41
Lam Research
LRCX
$398B
$8.56M 0.85%
50,000
+25,000
+100% +$3.89M
BV icon
42
BrightView Holdings
BV
$1.22B
$8.24M 0.82%
650,000
-500,000
-43% -$6.35M
HLMN icon
43
Hillman Solutions
HLMN
$1.87B
$8.23M 0.82%
950,000
-50,000
-5% -$451K
ALNT icon
44
Allient
ALNT
$1.61B
$8.06M 0.81%
+150,000
New +$7.85M
CAMT icon
45
Camtek
CAMT
$7.07B
$7.44M 0.74%
70,000
+40,000
+133% +$4.49M
CLBT icon
46
Cellebrite
CLBT
$3.94B
$7.21M 0.72%
400,000
-200,000
-33% -$3.59M
CDXS icon
47
Codexis
CDXS
$154M
$6.27M 0.63%
3,846,411
-153,589
-4% -$313K
BETA
48
Beta Technologies Inc
BETA
$5.07B
$5.64M 0.56%
+200,000
New +$5.97M
ARM icon
49
Arm
ARM
$300B
$5.47M 0.55%
50,000
– –
ASPI icon
50
ASP Isotopes
ASPI
$540M
$4.41M 0.44%
825,000
-500,000
-38% -$3.98M
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 Q4 2025 Portfolio in Review

As of Q4 2025, Telemark Asset Management held 61 positions worth $1B, down 5% from $1.05B the previous quarter. Its ten largest holdings account for 47% of the portfolio.

Telemark Asset Management withdrew a net $37.7M in Q4 2025, closing 5 positions and reducing 21 holdings. Its most notable exit was CoStar Group, an estimated $46.4M position sold in full.

By sector, the portfolio is most concentrated in Technology at 49% of assets, up from 40% a quarter earlier, followed by Industrials and Energy.

Against the trend, Telemark Asset Management opened a new position in Palantir worth $17.8M.

  • Telemark Asset Management's largest Q4 2025 buy was Palantir: 100,000 shares worth $17.8M.
  • Telemark Asset Management added most to Novanta in Q4 2025, an estimated $14.2M increase.
  • Telemark Asset Management's biggest Q4 2025 reduction was Meta Platforms (Facebook), cutting an estimated $13.4M.
  • Telemark Asset Management fully exited CoStar Group in Q4 2025, selling an estimated $46.4M.
  • Telemark Asset Management's ten largest holdings make up 47% of its $1B portfolio in Q4 2025.
  • Telemark Asset Management opened 14 new positions and closed 5 in Q4 2025.
  • Telemark Asset Management's portfolio value fell 5% quarter-over-quarter to $1B.

Based on Telemark Asset Management's 13F filing for Q4 2025, filed 11 Feb 2026.