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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
+9.68%
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
$397M
AUM Growth
-$7.12M
Cap. Flow
-$26.2M
Cap. Flow %
-6.6%
Top 10 Hldgs %
40.49%
Holding
68
New
12
Increased
11
Reduced
5
Closed
23

Top Buys

Rank Stock Value
1
GOOG icon
Alphabet (Google) Class C
GOOG
+$11.7M
2
AAPL icon
Apple
AAPL
+$10.7M
3
UAL icon
United Airlines
UAL
+$9M
4
VECO icon
Veeco
VECO
+$7.73M
5
AYI icon
Acuity Brands
AYI
+$6.61M

Top Sells

Rank Stock Value
1
GS icon
Goldman Sachs
GS
+$14.2M
2
FCX icon
Freeport-McMoran
FCX
+$11.3M
3
AMZN icon
Amazon
AMZN
+$11.1M
4
GM icon
General Motors
GM
+$8.17M
5
LO
LORILLARD INC COM STK
LO
+$7.6M

Sector Composition

Rank Sector Weight
1 Industrials 18.41%
2 Materials 15.18%
3 Technology 14.84%
4 Consumer Discretionary 12.98%
5 Energy 4.52%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AMZN icon
1
Amazon
AMZN
$2.5T
$26.9M 6.78%
1,600,000
-600,000
-27% -$11.1M
ARMH
2
DELISTED
ARM HOLDINGS PLC ADS
ARMH
$22.9M 5.78%
450,000
+50,000
+13% +$2.43M
GPRE icon
3
Green Plains
GPRE
$1.19B
$18M 4.53%
600,000
– –
AYI icon
4
Acuity Brands
AYI
$9.88B
$15.9M 4.01%
120,000
+50,000
+71% +$6.61M
DAL icon
5
Delta Air Lines
DAL
$55.9B
$15.6M 3.93%
450,000
– –
KLAC icon
6
KLA
KLAC
$275B
$13.1M 3.31%
1,900,000
– –
AIXG
7
DELISTED
Aixtron SE
AIXG
$13M 3.29%
800,000
– –
GLD icon
8
SPDR Gold Trust
GLD
$131B
$12.4M 3.12%
100,000
– –
FNV icon
9
Franco-Nevada
FNV
$41.4B
$11.5M 2.89%
250,000
+100,000
+67% +$4.8M
RGLD icon
10
Royal Gold
RGLD
$17.1B
$11.3M 2.84%
180,000
– –
BAC icon
11
Bank of America
BAC
$435B
$11.2M 2.82%
650,000
– –
GOOG icon
12
Alphabet (Google) Class C
GOOG
$3.9T
$11.1M 2.81%
+401,499
New +$11.7M
AAPL icon
13
Apple
AAPL
$4.89T
$10.7M 2.71%
+560,000
New +$10.7M
THRM icon
14
Gentherm
THRM
$1.31B
$10.6M 2.67%
305,000
+205,000
+205% +$5.75M
SLXP
15
DELISTED
SALIX PHARMACEUTICALS LTD DEL
SLXP
$10.4M 2.61%
100,000
– –
FEIC
16
DELISTED
FEI COMPANY
FEIC
$10.3M 2.6%
100,000
+10,000
+11% +$983K
AXON
17
Axon Enterprise
AXON
$40.5B
$10.1M 2.54%
550,000
– –
WOLF icon
18
Wolfspeed
WOLF
$1.2B
$9.62M 2.42%
170,000
– –
CRM icon
19
Salesforce
CRM
$134B
$9.13M 2.3%
160,000
– –
AEM icon
20
Agnico Eagle Mines
AEM
$72.6B
$9.07M 2.29%
300,000
+80,000
+36% +$2.51M
TRIP icon
21
TripAdvisor
TRIP
$1.59B
$9.06M 2.28%
100,000
+50,000
+100% +$4.56M
UAL icon
22
United Airlines
UAL
$38.4B
$8.93M 2.25%
+200,000
New +$9M
ADM icon
23
Archer Daniels Midland
ADM
$41.4B
$8.68M 2.19%
200,000
– –
VECO icon
24
Veeco
VECO
$3.15B
$8.39M 2.11%
+200,000
New +$7.73M
RRC icon
25
Range Resources
RRC
$9.11B
$8.3M 2.09%
100,000
+60,000
+150% +$5.11M
1
2 3

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HBCM
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Telemark Asset Management's Q1 2014 Portfolio in Review

As of Q1 2014, Telemark Asset Management held 68 positions worth $397M, down 1.8% from $404M the previous quarter. Its ten largest holdings account for 40% of the portfolio.

Telemark Asset Management withdrew a net $26.2M in Q1 2014, closing 23 positions and reducing 5 holdings. Its most notable exit was Goldman Sachs, an estimated $14.2M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 18% of assets, up from 11% a quarter earlier, followed by Materials and Technology.

Against the trend, Telemark Asset Management opened a new position in Alphabet (Google) Class C worth $11.1M.

  • Telemark Asset Management's largest Q1 2014 buy was Alphabet (Google) Class C: 401,499 shares worth $11.1M.
  • Telemark Asset Management added most to Acuity Brands in Q1 2014, an estimated $6.61M increase.
  • Telemark Asset Management's biggest Q1 2014 reduction was Amazon, cutting an estimated $11.1M.
  • Telemark Asset Management fully exited Goldman Sachs in Q1 2014, selling an estimated $14.2M.
  • Telemark Asset Management's ten largest holdings make up 40% of its $397M portfolio in Q1 2014.
  • Telemark Asset Management opened 12 new positions and closed 23 in Q1 2014.
  • Telemark Asset Management's portfolio value fell 1.8% quarter-over-quarter to $397M.

Based on Telemark Asset Management's 13F filing for Q1 2014, filed 14 May 2014.