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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
+0.71%
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
$659M
AUM Growth
-$78.1M
Cap. Flow
-$62.6M
Cap. Flow %
-9.49%
Top 10 Hldgs %
50.66%
Holding
58
New
10
Increased
9
Reduced
19
Closed
10

Top Buys

Rank Stock Value
1
ARM icon
Arm
ARM
+$16.6M
2
SLB icon
SLB Ltd
SLB
+$14.5M
3
HES
Hess
HES
+$7.53M
4
KVYO icon
Klaviyo
KVYO
+$6.86M
5
ARCH
Arch Resources, Inc.
ARCH
+$6.71M

Top Sells

Rank Stock Value
1
VMI icon
Valmont Industries
VMI
+$23.3M
2
TSM icon
TSMC
TSM
+$16.5M
3
NOVT icon
Novanta
NOVT
+$15.3M
4
ASML icon
ASML
ASML
+$13.3M
5
LSCC icon
Lattice Semiconductor
LSCC
+$10.8M

Sector Composition

Rank Sector Weight
1 Technology 29.36%
2 Industrials 23.43%
3 Energy 18.74%
4 Consumer Discretionary 7.67%
5 Materials 5.97%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NVDA icon
1
NVIDIA
NVDA
$5.01T
$60.9M 9.24%
1,400,000
-100,000
-7% -$4.48M
CCJ icon
2
Cameco
CCJ
$38.3B
$47.6M 7.22%
1,200,000
– –
HES
3
DELISTED
Hess
HES
$38.3M 5.8%
250,000
+50,000
+25% +$7.53M
SP
4
DELISTED
SP Plus Corporation
SP
$33.7M 5.12%
934,572
-58,428
-6% -$2.26M
AMZN icon
5
Amazon
AMZN
$2.5T
$31.8M 4.82%
250,000
-50,000
-17% -$6.7M
SLB icon
6
SLB Ltd
SLB
$77.8B
$29.1M 4.42%
500,000
+250,000
+100% +$14.5M
CLH icon
7
Clean Harbors
CLH
$16.1B
$25.1M 3.81%
150,000
– –
FNV icon
8
Franco-Nevada
FNV
$41.4B
$24M 3.65%
180,000
-45,000
-20% -$6.36M
HEI icon
9
HEICO Corp
HEI
$48.9B
$22.7M 3.44%
140,000
– –
MRNA icon
10
Moderna
MRNA
$21.5B
$20.7M 3.13%
200,000
– –
WCN
11
Waste Connections
WCN
$42.8B
$20.1M 3.06%
150,000
-30,000
-17% -$4.2M
LUCK
12
Lucky Strike Entertainment
LUCK
$938M
$18.8M 2.85%
1,950,000
-63,846
-3% -$702K
HEI.A icon
13
HEICO Corp Class A
HEI.A
$35.4B
$16.2M 2.45%
125,000
– –
ARM icon
14
Arm
ARM
$278B
$16.1M 2.44%
+300,000
New +$16.6M
IOSP icon
15
Innospec
IOSP
$2.09B
$15.3M 2.33%
150,000
-10,000
-6% -$1.04M
NOW icon
16
ServiceNow
NOW
$102B
$14M 2.12%
125,000
– –
GOOGL icon
17
Alphabet (Google) Class A
GOOGL
$3.91T
$13.1M 1.99%
100,000
– –
LNTH icon
18
Lantheus
LNTH
$6.82B
$12.9M 1.95%
185,000
-15,000
-8% -$1.1M
GRMN
19
Garmin
GRMN
$46.9B
$12.6M 1.92%
120,000
+20,000
+20% +$2.1M
LSCC icon
20
Lattice Semiconductor
LSCC
$17.6B
$11.2M 1.7%
130,000
-120,000
-48% -$10.8M
ASPN icon
21
Aspen Aerogels
ASPN
$387M
$10.8M 1.63%
1,250,000
-305,000
-20% -$2.17M
ADBE icon
22
Adobe
ADBE
$89.5B
$10.2M 1.55%
20,000
+5,000
+33% +$2.62M
CSGP icon
23
CoStar Group
CSGP
$11.3B
$10M 1.52%
130,000
+30,000
+30% +$2.49M
VRRM icon
24
Verra Mobility
VRRM
$615M
$9.35M 1.42%
500,000
+120,000
+32% +$2.33M
ASML icon
25
ASML
ASML
$675B
$8.83M 1.34%
15,000
-20,000
-57% -$13.3M
1
2 3

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CIS
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HBCM
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ACP
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Telemark Asset Management's Q3 2023 Portfolio in Review

As of Q3 2023, Telemark Asset Management held 58 positions worth $659M, down 11% from $737M the previous quarter. Its ten largest holdings account for 51% of the portfolio.

Telemark Asset Management withdrew a net $62.6M in Q3 2023, closing 10 positions and reducing 19 holdings. Its most notable exit was Valmont Industries, an estimated $23.3M position sold in full.

By sector, the portfolio is most concentrated in Technology at 29% of assets, down from 33% a quarter earlier, followed by Industrials and Energy.

Against the trend, Telemark Asset Management opened a new position in Arm worth $16.1M.

  • Telemark Asset Management's largest Q3 2023 buy was Arm: 300,000 shares worth $16.1M.
  • Telemark Asset Management added most to SLB Ltd in Q3 2023, an estimated $14.5M increase.
  • Telemark Asset Management's biggest Q3 2023 reduction was TSMC, cutting an estimated $16.5M.
  • Telemark Asset Management fully exited Valmont Industries in Q3 2023, selling an estimated $23.3M.
  • Telemark Asset Management's ten largest holdings make up 51% of its $659M portfolio in Q3 2023.
  • Telemark Asset Management opened 10 new positions and closed 10 in Q3 2023.
  • Telemark Asset Management's portfolio value fell 11% quarter-over-quarter to $659M.

Based on Telemark Asset Management's 13F filing for Q3 2023, filed 9 Nov 2023.