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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
+28.36%
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
$1.1B
AUM Growth
+$338M
Cap. Flow
+$152M
Cap. Flow %
13.8%
Top 10 Hldgs %
54.19%
Holding
60
New
13
Increased
10
Reduced
8
Closed
11

Top Buys

Rank Stock Value
1
BA icon
Boeing
BA
+$18.9M
2
META icon
Meta Platforms (Facebook)
META
+$15.4M
3
MCHP icon
Microchip Technology
MCHP
+$11M
4
TWLO icon
Twilio
TWLO
+$10.6M
5
KARO icon
Karooooo
KARO
+$10.6M

Top Sells

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$25.2M
2
VRTX icon
Vertex Pharmaceuticals
VRTX
+$19.4M
3
CRH icon
CRH
CRH
+$13.2M
4
AMT icon
American Tower
AMT
+$10.9M
5
DE icon
Deere & Co
DE
+$9.39M

Sector Composition

Rank Sector Weight
1 Technology 32.1%
2 Industrials 24.03%
3 Energy 11.96%
4 Communication Services 4.5%
5 Consumer Discretionary 4.2%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
QQQ icon
1
PUT
Invesco QQQ Trust
QQQ
$455B
$160M 14.51%
+290,000
New +$144M
NVDA icon
2
NVIDIA
NVDA
$5.01T
$94.8M 8.6%
600,000
-200,000
-25% -$25.2M
CCJ icon
3
Cameco
CCJ
$38.3B
$74.2M 6.73%
1,000,000
– –
HEI icon
4
HEICO Corp
HEI
$48.9B
$45.9M 4.17%
140,000
– –
META icon
5
Meta Platforms (Facebook)
META
$1.51T
$44.3M 4.02%
60,000
+25,000
+71% +$15.4M
CSGP icon
6
CoStar Group
CSGP
$11.3B
$44.2M 4.01%
550,000
+50,000
+10% +$3.89M
AMZN icon
7
Amazon
AMZN
$2.5T
$43.9M 3.98%
200,000
– –
HEI.A icon
8
HEICO Corp Class A
HEI.A
$35.4B
$32.3M 2.93%
125,000
– –
EQT icon
9
EQT Corp
EQT
$33.2B
$29.2M 2.65%
500,000
+100,000
+25% +$5.4M
RRC icon
10
Range Resources
RRC
$9.11B
$28.5M 2.58%
700,000
– –
WCN
11
Waste Connections
WCN
$42.8B
$28M 2.54%
150,000
– –
TSM icon
12
TSMC
TSM
$2.09T
$27.2M 2.47%
120,000
– –
CLH icon
13
Clean Harbors
CLH
$16.1B
$25.4M 2.31%
110,000
– –
AMSC icon
14
American Superconductor
AMSC
$1.48B
$25.3M 2.3%
690,000
+90,000
+15% +$2.21M
AXON
15
Axon Enterprise
AXON
$40.5B
$24.8M 2.25%
30,000
– –
TRMB icon
16
Trimble
TRMB
$12.3B
$22.8M 2.07%
300,000
+50,000
+20% +$3.36M
BA icon
17
Boeing
BA
$165B
$21M 1.9%
+100,000
New +$18.9M
GRMN
18
Garmin
GRMN
$46.9B
$20.9M 1.89%
100,000
-20,000
-17% -$3.97M
NOVT icon
19
Novanta
NOVT
$5.04B
$19.3M 1.75%
150,000
+60,000
+67% +$7.3M
BV icon
20
BrightView Holdings
BV
$1.31B
$19.1M 1.74%
1,150,000
+250,000
+28% +$3.74M
ADI icon
21
Analog Devices
ADI
$181B
$19M 1.73%
80,000
-20,000
-20% -$4.16M
FNV icon
22
Franco-Nevada
FNV
$41.4B
$16.4M 1.49%
100,000
– –
ARM icon
23
Arm
ARM
$278B
$16.2M 1.47%
100,000
– –
BWXT icon
24
BWX Technologies
BWXT
$16B
$14.4M 1.31%
100,000
– –
MCHP icon
25
Microchip Technology
MCHP
$42.8B
$14.1M 1.28%
+200,000
New +$11M
1
2 3

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EG
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M
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CIS
Connors Investor Services Wyomissing, Pennsylvania $1.08B AUM 31.31% 1-Year Est. Return
HBCM
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ACP
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SI
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PWA
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Telemark Asset Management's Q2 2025 Portfolio in Review

As of Q2 2025, Telemark Asset Management held 60 positions worth $1.1B, up 44% from $764M the previous quarter. Its ten largest holdings account for 54% of the portfolio.

Telemark Asset Management deployed $152M of net new capital in Q2 2025, opening 13 new positions and adding to 10 existing holdings. Its largest new stake was Boeing: 100,000 shares worth $21M.

By sector, the portfolio is most concentrated in Technology at 32% of assets, down from 34% a quarter earlier, followed by Industrials and Energy.

On the sell side, the largest reduction was NVIDIA, an estimated $25.2M trimmed.

  • Telemark Asset Management's largest Q2 2025 buy was Boeing: 100,000 shares worth $21M.
  • Telemark Asset Management added most to Meta Platforms (Facebook) in Q2 2025, an estimated $15.4M increase.
  • Telemark Asset Management's biggest Q2 2025 reduction was NVIDIA, cutting an estimated $25.2M.
  • Telemark Asset Management fully exited Vertex Pharmaceuticals in Q2 2025, selling an estimated $19.4M.
  • Telemark Asset Management's ten largest holdings make up 54% of its $1.1B portfolio in Q2 2025.
  • Telemark Asset Management opened 13 new positions and closed 11 in Q2 2025.
  • Telemark Asset Management's portfolio value rose 44% quarter-over-quarter to $1.1B.

Based on Telemark Asset Management's 13F filing for Q2 2025, filed 12 Aug 2025.