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
-4.08%
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
$764M
AUM Growth
-$238M
Cap. Flow
-$156M
Cap. Flow %
-20.41%
Top 10 Hldgs %
48.97%
Holding
63
New
9
Increased
9
Reduced
16
Closed
16

Top Buys

Rank Stock Value
1
VRTX icon
Vertex Pharmaceuticals
VRTX
+$18.6M
2
WCN
Waste Connections
WCN
+$14.8M
3
CRH icon
CRH
CRH
+$14.8M
4
FNV icon
Franco-Nevada
FNV
+$14M
5
TRMB icon
Trimble
TRMB
+$13.7M

Top Sells

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$44.4M
2
NOW icon
ServiceNow
NOW
+$26.5M
3
BILL icon
BILL Holdings
BILL
+$25.4M
4
IOSP icon
Innospec
IOSP
+$15.4M
5
CCJ icon
Cameco
CCJ
+$14.1M

Sector Composition

Rank Sector Weight
1 Technology 33.97%
2 Industrials 26.39%
3 Energy 11.84%
4 Real Estate 6.61%
5 Materials 6.2%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NVDA icon
1
NVIDIA
NVDA
$5.01T
$86.7M 11.34%
800,000
-350,000
-30% -$44.4M
CCJ icon
2
Cameco
CCJ
$38.3B
$41.2M 5.39%
1,000,000
-300,000
-23% -$14.1M
CSGP icon
3
CoStar Group
CSGP
$11.3B
$39.6M 5.18%
500,000
+100,000
+25% +$7.61M
AMZN icon
4
Amazon
AMZN
$2.5T
$38.1M 4.98%
200,000
-50,000
-20% -$10.9M
HEI icon
5
HEICO Corp
HEI
$48.9B
$37.4M 4.89%
140,000
– –
WCN
6
Waste Connections
WCN
$42.8B
$29.3M 3.83%
150,000
+80,000
+114% +$14.8M
RRC icon
7
Range Resources
RRC
$9.11B
$28M 3.66%
700,000
+300,000
+75% +$11.5M
HEI.A icon
8
HEICO Corp Class A
HEI.A
$35.4B
$26.4M 3.45%
125,000
– –
GRMN
9
Garmin
GRMN
$46.9B
$26.1M 3.41%
120,000
-15,000
-11% -$3.24M
CLH icon
10
Clean Harbors
CLH
$16.1B
$21.7M 2.84%
110,000
-20,000
-15% -$4.38M
EQT icon
11
EQT Corp
EQT
$33.2B
$21.4M 2.8%
400,000
+100,000
+33% +$5.11M
META icon
12
Meta Platforms (Facebook)
META
$1.51T
$20.2M 2.64%
35,000
-15,000
-30% -$9.68M
ADI icon
13
Analog Devices
ADI
$181B
$20.2M 2.64%
100,000
+50,000
+100% +$10.8M
TSM icon
14
TSMC
TSM
$2.09T
$19.9M 2.61%
120,000
-30,000
-20% -$5.83M
VRTX icon
15
Vertex Pharmaceuticals
VRTX
$121B
$19.4M 2.54%
+40,000
New +$18.6M
TRMB icon
16
Trimble
TRMB
$12.3B
$16.4M 2.15%
250,000
+190,000
+317% +$13.7M
FFIV icon
17
F5
FFIV
$22.1B
$16M 2.09%
60,000
-20,000
-25% -$5.59M
AXON
18
Axon Enterprise
AXON
$40.5B
$15.8M 2.06%
30,000
– –
FNV icon
19
Franco-Nevada
FNV
$41.4B
$15.8M 2.06%
+100,000
New +$14M
CRH icon
20
CRH
CRH
$66.7B
$13.2M 1.73%
+150,000
New +$14.8M
GOOGL icon
21
Alphabet (Google) Class A
GOOGL
$3.91T
$12.4M 1.62%
80,000
+20,000
+33% +$3.63M
ASPN icon
22
Aspen Aerogels
ASPN
$387M
$12.1M 1.58%
1,892,424
– –
BV icon
23
BrightView Holdings
BV
$1.31B
$11.6M 1.51%
900,000
+50,000
+6% +$716K
MT icon
24
ArcelorMittal
MT
$50.4B
$11.5M 1.51%
+400,000
New +$11M
NOVT icon
25
Novanta
NOVT
$5.04B
$11.5M 1.51%
90,000
-70,000
-44% -$10.1M
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
M
MOTCO San Antonio, Texas $1.08B AUM 20.09% 1-Year Est. Return
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

Telemark Asset Management's Q1 2025 Portfolio in Review

As of Q1 2025, Telemark Asset Management held 63 positions worth $764M, down 24% from $1B the previous quarter. Its ten largest holdings account for 49% of the portfolio.

Telemark Asset Management withdrew a net $156M in Q1 2025, closing 16 positions and reducing 16 holdings. Its most notable exit was ServiceNow, an estimated $26.5M position sold in full.

By sector, the portfolio is most concentrated in Technology at 34% of assets, down from 48% a quarter earlier, followed by Industrials and Energy.

Against the trend, Telemark Asset Management opened a new position in Vertex Pharmaceuticals worth $19.4M.

  • Telemark Asset Management's largest Q1 2025 buy was Vertex Pharmaceuticals: 40,000 shares worth $19.4M.
  • Telemark Asset Management added most to Waste Connections in Q1 2025, an estimated $14.8M increase.
  • Telemark Asset Management's biggest Q1 2025 reduction was NVIDIA, cutting an estimated $44.4M.
  • Telemark Asset Management fully exited ServiceNow in Q1 2025, selling an estimated $26.5M.
  • Telemark Asset Management's ten largest holdings make up 49% of its $764M portfolio in Q1 2025.
  • Telemark Asset Management opened 9 new positions and closed 16 in Q1 2025.
  • Telemark Asset Management's portfolio value fell 24% quarter-over-quarter to $764M.

Based on Telemark Asset Management's 13F filing for Q1 2025, filed 12 May 2025.