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Asset Manager ← All Institutions

Telemark Asset Management, LLC

Q4 2025 · Filed 2026-02-11
Market Value
$1.0B
-5.0%
Holdings
61
+6
New Purchases
14
Added To
8
Closed
5
Reduced
21
Top 10 Concentration
47.4%
Turnover
31.1%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NOVT 4.46% 2.38% +2.08% $45M
PLTR 1.78% 0.00% +1.78% $18M
MDB 1.68% 0.00% +1.68% $17M
APP 1.35% 0.00% +1.35% $13M
MOD 1.33% 0.00% +1.33% $13M
FSLR 1.30% 0.00% +1.30% $13M
CCJ 9.14% 7.96% +1.18% $91M
AMAT 1.03% 0.00% +1.03% $10M
DOCN 0.96% 0.00% +0.96% $10M
MSFT 1.45% 0.49% +0.96% $15M
ORA 0.88% 0.00% +0.88% $9M
ALNT 0.81% 0.00% +0.81% $8M
ASML 1.07% 0.37% +0.70% $11M
SHLS 1.27% 0.70% +0.57% $13M
BETA 0.56% 0.00% +0.56% $6M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CSGP 0.00% 4.40% -4.40% $0
AMSC 1.78% 3.89% -2.11% $18M
TWLO 0.00% 1.90% -1.90% $0
META 2.64% 4.18% -1.54% $26M
GRMN 1.01% 2.34% -1.32% $10M
FFIV 0.00% 1.23% -1.23% $0
MRNA 0.00% 1.23% -1.23% $0
FNV 2.07% 3.17% -1.10% $21M
RRC 1.06% 2.14% -1.09% $11M
AXON 1.13% 2.04% -0.91% $11M
ASPN 0.28% 1.18% -0.90% $3M
SNOW 0.00% 0.86% -0.86% $0
ASPI 0.44% 1.21% -0.77% $4M
EQT 1.61% 2.32% -0.72% $16M
BV 0.82% 1.46% -0.64% $8M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 11 $298M 29.7%
Large Cap 27 $475M 47.4%
Mid Cap 10 $128M 12.8%
Small Cap 11 $92M 9.2%
Micro Cap 2 $8M 0.8%

Portfolio Analytics

Avg Market Cap
$375.4B
Median Market Cap
$18.6B
Avg P/E
73.0
Median P/E
44.8
Avg Dividend Yield
0.00%
Avg Beta
1.49
# Stocks
61
# ETFs / Funds
0

Top Holdings (61 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 11.18% 600,000 $112M $186.50 -$48K
2 CCJ 9.14% 1,000,000 $91M $91.49 $8M
3 AMZN 4.61% 200,000 $46M $230.82 $2M
4 HEI 4.52% 140,000 $45M $323.59 $108K
5 NOVT 4.46% 375,000 $45M $118.99 $20M +125,000 +50.0%
6 HEI-A 3.15% 125,000 $32M $252.43 -$208K
7 TSM 3.04% 100,000 $30M $303.89 -$3M -20,000 -16.7%
8 META 2.64% 40,000 $26M $660.09 -$18M -20,000 -33.3%
9 TRMB 2.35% 300,000 $24M $78.35 -$990K
10 ADI 2.30% 85,000 $23M $271.20 -$2M -15,000 -15.0%
11 MCHP 2.23% 350,000 $22M $63.72 $3M +50,000 +16.7%
12 WCN 2.10% 120,000 $21M $175.36 -$5M -30,000 -20.0%
13 SHOP 2.09% 130,000 $21M $160.97 $2M
14 FNV 2.07% 100,000 $21M $207.28 -$13M -50,000 -33.3%
15 CLH 1.87% 80,000 $19M $234.48 -$7M -30,000 -27.3%
16 AMSC 1.78% 619,900 $18M $28.78 -$23M -70,100 -10.2%
17 PLTR 1.78% 100,000 $18M $177.75 +100,000 NEW
18 GLW 1.75% 200,000 $18M $87.56 -$2M -40,000 -16.7%
19 BWXT 1.73% 100,000 $17M $172.84 -$6M -25,000 -20.0%
20 MDB 1.68% 40,000 $17M $419.69 +40,000 NEW
21 KOPN 1.64% 7,000,000 $16M $2.34 $4M +2,000,000 +40.0%
22 EQT 1.61% 300,000 $16M $53.60 -$8M -150,000 -33.3%
23 GOOGL 1.56% 50,000 $16M $313.00 $3M
24 MSFT 1.45% 30,000 $15M $483.62 $9M +20,000 +200.0%
25 TER 1.35% 70,000 $14M $193.56 $4M
26 APP 1.35% 20,000 $13M $673.82 +20,000 NEW
27 MOD 1.33% 100,000 $13M $133.51 +100,000 NEW
28 FSLR 1.30% 50,000 $13M $261.23 +50,000 NEW
29 WGS 1.30% 100,000 $13M $130.06 $77K -20,000 -16.7%
30 SHLS 1.27% 1,500,000 $13M $8.50 $5M +500,000 +50.0%
31 MIR 1.17% 500,000 $12M $23.42 $80K
32 ALI1.DE 1.14% 1,300,000 $11M $8.81 $4M
33 AXON 1.13% 20,000 $11M $567.93 -$10M -10,000 -33.3%
34 ASML 1.07% 10,000 $11M $1,069.86 $7M +6,000 +150.0%
35 RRC 1.06% 300,000 $11M $35.26 -$12M -300,000 -50.0%
36 AMAT 1.03% 40,000 $10M $256.99 +40,000 NEW
37 KARO 1.02% 225,150 $10M $45.50 -$3M
38 GRMN 1.01% 50,000 $10M $202.85 -$14M -50,000 -50.0%
39 DOCN 0.96% 200,000 $10M $48.12 +200,000 NEW
40 ORA 0.88% 80,000 $9M $110.47 +80,000 NEW
41 LRCX 0.85% 50,000 $9M $171.18 $5M +25,000 +100.0%
42 BV 0.82% 650,000 $8M $12.67 -$7M -500,000 -43.5%
43 HLMN 0.82% 950,000 $8M $8.66 -$953K -50,000 -5.0%
44 ALNT 0.81% 150,000 $8M $53.75 +150,000 NEW
45 CAMT 0.74% 70,000 $7M $106.35 $4M +40,000 +133.3%
46 CLBT 0.72% 400,000 $7M $18.03 -$4M -200,000 -33.3%
47 CDXS 0.63% 3,846,411 $6M $1.63 -$3M -153,589 -3.8%
48 BETA 0.56% 200,000 $6M $28.21 +200,000 NEW
49 ARM 0.55% 50,000 $5M $109.31 -$2M
50 ASPI 0.44% 825,000 $4M $5.35 -$8M -500,000 -37.7%
51 LPTH 0.42% 385,000 $4M $10.80 +385,000 NEW
52 RIVN 0.39% 200,000 $4M $19.71 +200,000 NEW
53 EPAC 0.38% 100,000 $4M $38.24 +100,000 NEW
54 ASPN 0.28% 1,000,000 $3M $2.83 -$10M -792,424 -44.2%
55 ANDG 0.26% 100,000 $3M $25.93 +100,000 NEW
56 BDSX 0.22% 327,824 $2M $6.80 -$897K -86,300 -20.8%
57 SNOW —% -$9M -40,000 -100.0% SOLD
58 CSGP —% -$46M -550,000 -100.0% SOLD
59 MRNA —% -$13M -500,000 -100.0% SOLD
60 FFIV —% -$13M -40,000 -100.0% SOLD
61 TWLO —% -$20M -200,000 -100.0% SOLD

New Positions

SymbolValue% Port
PLTR $18M 1.78%
MDB $17M 1.68%
APP $13M 1.35%
MOD $13M 1.33%
FSLR $13M 1.30%
AMAT $10M 1.03%
DOCN $10M 0.96%
ORA $9M 0.88%
ALNT $8M 0.81%
BETA $6M 0.56%
LPTH $4M 0.42%
RIVN $4M 0.39%
EPAC $4M 0.38%
ANDG $3M 0.26%

Sold Out Positions

SymbolValue% Port
SNOW —%
TWLO —%
FFIV —%
MRNA —%
CSGP —%
View SEC EDGAR Filings for Telemark Asset Management, LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms