Q4 2025 · 13F-HR
Telemark Asset Management, LLCholdings as filed
Filed 2026-02-11 · accession 0000898432-26-000088
$1.00B
Reported value
56
Positions
2025-12-31
Period end
The Brief · Telemark Asset Management, LLC · Q4 2025
AI · grounded in 13F
Telemark Asset Management, LLC exited its position in CoStar Group Inc CSGP, reducing exposure by $46.4M. The fund also closed positions in Twilio Inc TWLO and F5 Inc FFIV, while trimming its stake in Garmin Ltd GRMN by 50%. On the buy side, the fund established new positions in Palantir Technologies Inc PLTR for $17.8M and MongoDB Inc MDB for $16.8M. Additionally, the fund increased its holding in Novanta Inc NOVT by 50%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 67066G104 | NVDA | NVIDIA CORPORATION | $111.9M | 11.2% | 600,000 | Common | SOLE |
| 13321L108 | CCJ | CAMECO CORP | $91.5M | 9.14% | 1,000,000 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $46.2M | 4.61% | 200,000 | Common | SOLE |
| 422806109 | HEI | HEICO CORP NEW | $45.3M | 4.52% | 140,000 | Common | SOLE |
| 67000B104 | NOVT | NOVANTA INC | $44.6M | 4.46% | 375,000 | Common | SOLE |
| 422806208 | HEI/A | HEICO CORP NEW | $31.6M | 3.15% | 125,000 | Common | SOLE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $30.4M | 3.04% | 100,000 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $26.4M | 2.64% | 40,000 | Common | SOLE |
| 896239100 | TRMB | TRIMBLE INC | $23.5M | 2.35% | 300,000 | Common | SOLE |
| 032654105 | ADI | ANALOG DEVICES INC | $23.1M | 2.30% | 85,000 | Common | SOLE |
| 595017104 | MCHP | MICROCHIP TECHNOLOGY INC. | $22.3M | 2.23% | 350,000 | Common | SOLE |
| 94106B101 | WCN | WASTE CONNECTIONS INC | $21.0M | 2.10% | 120,000 | Common | SOLE |
| 82509L107 | SHOP | SHOPIFY INC | $20.9M | 2.09% | 130,000 | Common | SOLE |
| 351858105 | FNV | FRANCO NEV CORP | $20.7M | 2.07% | 100,000 | Common | SOLE |
| 184496107 | CLH | CLEAN HARBORS INC | $18.8M | 1.87% | 80,000 | Common | SOLE |
| 030111207 | AMSC | AMERICAN SUPERCONDUCTOR CORP | $17.8M | 1.78% | 619,900 | Common | SOLE |
| 69608A108 | PLTR | PALANTIR TECHNOLOGIES INC | $17.8M | 1.78% | 100,000 | Common | SOLE |
| 219350105 | GLW | CORNING INC | $17.5M | 1.75% | 200,000 | Common | SOLE |
| 05605H100 | BWXT | BWX TECHNOLOGIES INC | $17.3M | 1.73% | 100,000 | Common | SOLE |
| 60937P106 | MDB | MONGODB INC | $16.8M | 1.68% | 40,000 | Common | SOLE |
| 500600101 | KOPN | KOPIN CORP | $16.4M | 1.64% | 7,000,000 | Common | SOLE |
| 26884L109 | EQT | EQT CORP | $16.1M | 1.61% | 300,000 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $15.7M | 1.56% | 50,000 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $14.5M | 1.45% | 30,000 | Common | SOLE |
| 880770102 | TER | TERADYNE INC | $13.5M | 1.35% | 70,000 | Common | SOLE |
| 03831W108 | APP | APPLOVIN CORP | $13.5M | 1.35% | 20,000 | Common | SOLE |
| 607828100 | MOD | MODINE MFG CO | $13.4M | 1.33% | 100,000 | Common | SOLE |
| 336433107 | FSLR | FIRST SOLAR INC | $13.1M | 1.30% | 50,000 | Common | SOLE |
| 81663L200 | WGS | GENEDX HOLDINGS CORP | $13.0M | 1.30% | 100,000 | Common | SOLE |
| 82489W107 | SHLS | SHOALS TECHNOLOGIES GROUP IN | $12.8M | 1.27% | 1,500,000 | Common | SOLE |
| 60471A101 | MIR | MIRION TECHNOLOGIES INC | $11.7M | 1.17% | 500,000 | Common | SOLE |
| 020398707 | ALM | ALMONTY INDS INC | $11.5M | 1.14% | 1,300,000 | Common | SOLE |
| 05464C101 | AXON | AXON ENTERPRISE INC | $11.4M | 1.13% | 20,000 | Common | SOLE |
| N07059210 | ASML | ASML HOLDING N V | $10.7M | 1.07% | 10,000 | Common | SOLE |
| 75281A109 | RRC | RANGE RES CORP | $10.6M | 1.06% | 300,000 | Common | SOLE |
| 038222105 | AMAT | APPLIED MATLS INC | $10.3M | 1.03% | 40,000 | Common | SOLE |
| Y4600W108 | KARO | KAROOOOO LTD | $10.2M | 1.02% | 225,150 | Common | SOLE |
| H2906T109 | GRMN | GARMIN LTD | $10.1M | 1.01% | 50,000 | Common | SOLE |
| 25402D102 | DOCN | DIGITALOCEAN HLDGS INC | $9.6M | 0.96% | 200,000 | Common | SOLE |
| 686688102 | ORA | ORMAT TECHNOLOGIES INC | $8.8M | 0.88% | 80,000 | Common | SOLE |
| 512807306 | LRCX | LAM RESEARCH CORP | $8.6M | 0.85% | 50,000 | Common | SOLE |
| 10948C107 | BV | BRIGHTVIEW HLDGS INC | $8.2M | 0.82% | 650,000 | Common | SOLE |
| 431636109 | HLMN | HILLMAN SOLUTIONS CORP | $8.2M | 0.82% | 950,000 | Common | SOLE |
| 019330109 | ALNT | ALLIENT INC | $8.1M | 0.81% | 150,000 | Common | SOLE |
| M20791105 | CAMT | CAMTEK LTD | $7.4M | 0.74% | 70,000 | Common | SOLE |
| M2197Q107 | CLBT | CELLEBRITE DI LTD | $7.2M | 0.72% | 400,000 | Common | SOLE |
| 192005106 | CDXS | CODEXIS INC | $6.3M | 0.63% | 3,846,411 | Common | SOLE |
| 086921103 | BETA | BETA TECHNOLOGIES INC | $5.6M | 0.56% | 200,000 | Common | SOLE |
| 042068205 | ARM | ARM HOLDINGS PLC | $5.5M | 0.55% | 50,000 | Common | SOLE |
| 00218A105 | ASPI | ASP ISOTOPES INC | $4.4M | 0.44% | 825,000 | Common | SOLE |
| 532257805 | LPTH | LIGHTPATH TECHNOLOGIES INC | $4.2M | 0.42% | 385,000 | Common | SOLE |
| 76954A103 | RIVN | RIVIAN AUTOMOTIVE INC | $3.9M | 0.39% | 200,000 | Common | SOLE |
| 292765104 | EPAC | ENERPAC TOOL GROUP CORP | $3.8M | 0.38% | 100,000 | Common | SOLE |
| 04523Y105 | ASPN | ASPEN AEROGELS INC | $2.8M | 0.28% | 1,000,000 | Common | SOLE |
| 033853102 | ANDG | ANDERSEN GROUP INC | $2.6M | 0.26% | 100,000 | Common | SOLE |
| 09075X207 | BDSX | BIODESIX INC | $2.2M | 0.22% | 327,824 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.