Institutional
Telemark Asset Management, LLC
CIK 0001420816
$1.08B
Reported AUM
53
Positions
Q1 2026
Period
2026-05-12
Filed
The Brief · Telemark Asset Management, LLC · Q1 2026
AI · grounded in 13F
Telemark Asset Management, LLC initiated a new position in HAL worth $46.79M. The fund also added new stakes in SLB for $30.83M and MRNA for $25.4M. On the sell side, the manager closed its entire position in MCHP, reducing exposure by $22.3M. These moves contributed to a portfolio of 53 positions with total AUM of $1.08B.
Portfolio · Q1 2026
Top holdings
QoQ vs Q4 2025
| # | Stock | Issuer | Price | Day % | 1Y Gr. | 5Y Gr. | Value | % of book | Δ shares (QoQ) | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | NVDA | NVIDIA CORPORATION | $205.10 | -6.20% | 44.92% | 955.49% | $104.6M | 9.67% | — | HELD |
| 2 | CCJ | CAMECO CORP | $103.44 | -9.28% | 71.53% | 488.33% | $97.7M | 9.04% | −100,000 | −10.0% |
| 3 | HAL | HALLIBURTON CO | $39.18 | -4.95% | 97.00% | 108.38% | $46.8M | 4.33% | +1,200,000 | NEW |
| 4 | NOVT | NOVANTA INC | $156.29 | -5.34% | 22.66% | 11.31% | $44.3M | 4.09% | — | HELD |
| 5 | AMZN | AMAZON COM INC | $246.03 | -3.06% | 15.20% | 47.87% | $41.7M | 3.85% | — | HELD |
| 6 | HEI | HEICO CORP NEW | $331.43 | -0.46% | 9.34% | 146.22% | $38.4M | 3.55% | — | HELD |
| 7 | TSM | TAIWAN SEMICONDUCTOR MANUFAC | $415.17 | -6.69% | 104.85% | 285.24% | $33.8M | 3.12% | — | HELD |
| 8 | SLB | SLB LIMITED | $54.87 | -5.41% | 67.83% | 112.39% | $30.8M | 2.85% | +600,000 | NEW |
| 9 | PLTR | PALANTIR TECHNOLOGIES INC | $135.53 | -4.35% | 6.11% | 524.27% | $29.3M | 2.70% | +100,000 | +100.0% |
| 10 | CLH | CLEAN HARBORS INC | $283.03 | -1.35% | 25.25% | 197.93% | $28.7M | 2.65% | +20,000 | +25.0% |
| 11 | GLW | CORNING INC | $177.58 | -10.18% | 254.02% | 382.70% | $27.2M | 2.51% | — | HELD |
| 12 | HEI/A | HEICO CORP NEW | — | — | — | — | $26.4M | 2.44% | — | HELD |
| 13 | MRNA | MODERNA INC | $47.44 | -8.04% | 72.76% | -86.58% | $25.4M | 2.35% | +500,000 | NEW |
| 14 | FNV | FRANCO NEV CORP | $218.74 | -7.31% | 31.34% | 42.76% | $24.7M | 2.28% | — | HELD |
| 15 | BKR | BAKER HUGHES COMPANY | $62.59 | -5.32% | 68.00% | 232.13% | $24.4M | 2.26% | +400,000 | NEW |
| 16 | ADI | ANALOG DEVICES INC | $401.39 | -6.38% | 83.85% | 160.94% | $22.3M | 2.06% | −15,000 | −17.6% |
| 17 | CAT | CATERPILLAR INC | $904.28 | -3.85% | 158.69% | 378.33% | $21.3M | 1.96% | +30,000 | NEW |
| 18 | TER | TERADYNE INC | $357.93 | -12.03% | 321.03% | 187.38% | $20.8M | 1.92% | — | HELD |
| 19 | BWXT | BWX TECHNOLOGIES INC | $185.95 | -2.52% | 44.15% | 242.83% | $20.4M | 1.89% | — | HELD |
| 20 | AMSC | AMERICAN SUPERCONDUCTOR CORP | $42.34 | -8.75% | 34.50% | 201.35% | $20.3M | 1.88% | −19,900 | −3.2% |
| 21 | ALM | ALMONTY INDS INC | $16.31 | -21.13% | 218.63% | 799.37% | $17.4M | 1.61% | −100,000 | −7.7% |
| 22 | MOD | MODINE MFG CO | $276.51 | -8.20% | 195.35% | 1552.78% | $17.3M | 1.60% | −20,000 | −20.0% |
| 23 | META | META PLATFORMS INC | $593.00 | -5.51% | -14.74% | 67.74% | $17.2M | 1.59% | −10,000 | −25.0% |
| 24 | DOCN | DIGITALOCEAN HLDGS INC | $169.87 | -5.89% | 493.33% | 229.84% | $17.2M | 1.59% | — | HELD |
| 25 | WCN | WASTE CONNECTIONS INC | $155.22 | 0.82% | -17.91% | 26.78% | $16.2M | 1.50% | −20,000 | −16.7% |
| 26 | KOPN | KOPIN CORP | $5.46 | -14.55% | 271.43% | -18.99% | $15.8M | 1.46% | — | HELD |
| 27 | TXN | TEXAS INSTRS INC | $285.06 | -6.65% | 52.30% | 72.38% | $15.5M | 1.44% | +80,000 | NEW |
| 28 | GOOGL | ALPHABET INC | $368.53 | -0.98% | 112.92% | 175.80% | $14.4M | 1.33% | — | HELD |
| 29 | AMAT | APPLIED MATLS INC | $453.01 | -9.71% | 173.68% | 237.67% | $13.7M | 1.26% | — | HELD |
| 30 | ANDG | ANDERSEN GROUP INC | $38.38 | -4.19% | 57.17% | 70.96% | $13.6M | 1.26% | +400,000 | +400.0% |
| 31 | ASML | ASML HLDG NV | $1641.74 | -6.59% | — | — | $13.2M | 1.22% | — | HELD |
| 32 | TRMB | TRIMBLE INC | $54.19 | -2.71% | — | — | $13.0M | 1.21% | −100,000 | −33.3% |
| 33 | NXT | NEXTPOWER INC | $131.57 | -12.47% | — | — | $12.1M | 1.11% | +100,000 | NEW |
| 34 | GRMN | GARMIN LTD | $236.57 | -2.23% | — | — | $11.6M | 1.07% | — | HELD |
| 35 | KARO | KAROOOOO LTD | $47.12 | -1.75% | — | — | $10.7M | 0.99% | −10,000 | −4.4% |
| 36 | LRCX | LAM RESEARCH CORP | $303.28 | -9.85% | — | — | $10.7M | 0.99% | — | HELD |
| 37 | SHOP | SHOPIFY INC | $109.54 | -5.60% | — | — | $10.7M | 0.99% | −40,000 | −30.8% |
| 38 | CAMT | CAMTEK LTD | $164.21 | -9.36% | — | — | $10.6M | 0.98% | — | HELD |
| 39 | BV | BRIGHTVIEW HLDGS INC | $12.32 | 0.82% | — | — | $10.0M | 0.93% | +200,000 | +30.8% |
| 40 | ORA | ORMAT TECHNOLOGIES INC | $140.00 | -1.72% | — | — | $9.0M | 0.83% | — | HELD |
| 41 | ALNT | ALLIENT INC | $84.86 | -5.50% | — | — | $8.9M | 0.82% | — | HELD |
| 42 | AXON | AXON ENTERPRISE INC | $486.12 | -5.28% | — | — | $8.5M | 0.79% | — | HELD |
| 43 | APP | APPLOVIN CORP | $557.20 | -0.30% | — | — | $8.0M | 0.74% | — | HELD |
| 44 | HLMN | HILLMAN SOLUTIONS CORP | $7.30 | 0.41% | — | — | $7.9M | 0.73% | — | HELD |
| 45 | QBTS | D-WAVE QUANTUM INC | $23.85 | -13.71% | — | — | $7.2M | 0.67% | +500,000 | NEW |
| 46 | BDSX | BIODESIX INC | $15.46 | -6.30% | — | — | $7.1M | 0.66% | +162,000 | +49.4% |
| 47 | TWLO | TWILIO INC | $225.99 | -4.50% | — | — | $6.3M | 0.58% | +50,000 | NEW |
| 48 | CDXS | CODEXIS INC | $2.56 | -8.57% | — | — | $6.3M | 0.58% | — | HELD |
| 49 | OVV | OVINTIV INC | $56.70 | -4.37% | — | — | $5.9M | 0.55% | +100,000 | NEW |
| 50 | NXE | NEXGEN ENERGY LTD | $10.28 | -9.90% | — | — | $5.8M | 0.54% | +500,000 | NEW |
| 51 | LPTH | LIGHTPATH TECHNOLOGIES INC | $14.93 | -15.27% | — | — | $3.9M | 0.36% | — | HELD |
| 52 | EPAC | ENERPAC TOOL GROUP CORP | $33.45 | 0.78% | — | — | $3.6M | 0.34% | — | HELD |
| 53 | ASPN | ASPEN AEROGELS INC | $5.64 | -9.47% | — | — | $3.4M | 0.32% | — | HELD |
| 54 | MCHP | MICROCHIP TECHNOLOGY INC. | $88.34 | -8.27% | — | — | — | — | −350,000 | EXITED |
| 55 | MDB | MONGODB INC | $350.74 | -7.74% | — | — | — | — | −40,000 | EXITED |
| 56 | EQT | EQT CORP | $53.75 | -2.70% | — | — | — | — | −300,000 | EXITED |
| 57 | MSFT | MICROSOFT CORP | $416.67 | -2.66% | — | — | — | — | −30,000 | EXITED |
| 58 | FSLR | FIRST SOLAR INC | $279.01 | -11.41% | — | — | — | — | −50,000 | EXITED |
| 59 | WGS | GENEDX HOLDINGS CORP | $52.21 | -7.22% | — | — | — | — | −100,000 | EXITED |
| 60 | SHLS | SHOALS TECHNOLOGIES GROUP IN | $10.81 | -15.35% | — | — | — | — | −1,500,000 | EXITED |
| 61 | MIR | MIRION TECHNOLOGIES INC | $17.08 | -6.26% | — | — | — | — | −500,000 | EXITED |
| 62 | RRC | RANGE RES CORP | $39.10 | -3.43% | — | — | — | — | −300,000 | EXITED |
| 63 | CLBT | CELLEBRITE DI LTD | $13.81 | -3.36% | — | — | — | — | −400,000 | EXITED |
| 64 | BETA | BETA TECHNOLOGIES INC | $17.13 | -5.52% | — | — | — | — | −200,000 | EXITED |
| 65 | ARM | ARM HOLDINGS PLC | $342.93 | -12.84% | — | — | — | — | −50,000 | EXITED |
| 66 | ASPI | ASP ISOTOPES INC | $6.71 | -15.81% | — | — | — | — | −825,000 | EXITED |
| 67 | RIVN | RIVIAN AUTOMOTIVE INC | $16.35 | -9.77% | — | — | — | — | −200,000 | EXITED |
Source: SEC EDGAR · accession 0000898432-26-000352. 13F discloses long positions only — shorts, foreign equities, and options are excluded.