Telemark Asset Management, LLC 13F holdings, Q2 2025
Holdings as of June 30, 2025 · filings on SEC EDGAR · latest filing →
Telemark Asset Management, LLC disclosed 48 US equity positions worth $942.3m in its Q2 2025 13F filing. The largest position was NVDA at 10.1% of the reported book, followed by CCJ and HEI. Against the Q1 2025 filing, it opened 12 new positions, added to 10 and reduced 8 among the top 48 holdings.
What did Telemark Asset Management, LLC own in Q2 2025? Top 48 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2025 |
|---|---|---|---|---|---|---|---|
| 1 | NVDA NVIDIA CORPORATION | Technology | 10.1% | $94.8m | 600,000 | -25% | reduced |
| 2 | CCJ CAMECO CORP | Energy | 7.9% | $74.2m | 1,000,000 | 0% | held |
| 3 | HEI HEICO CORP NEW | Industrials | 4.9% | $45.9m | 140,000 | 0% | held |
| 4 | META META PLATFORMS INC | Communication Services | 4.7% | $44.3m | 60,000 | 71% | added |
| 5 | CSGP COSTAR GROUP INC | Real Estate | 4.7% | $44.2m | 550,000 | 10% | added |
| 6 | AMZN AMAZON COM INC | Consumer Cyclical | 4.7% | $43.9m | 200,000 | 0% | held |
| 7 | HEI/A HEICO CORP NEW | 3.4% | $32.3m | 125,000 | 0% | held | |
| 8 | EQT EQT CORP | Energy | 3.1% | $29.2m | 500,000 | 25% | added |
| 9 | RRC RANGE RES CORP | Energy | 3.0% | $28.5m | 700,000 | 0% | held |
| 10 | WCN WASTE CONNECTIONS INC | Industrials | 3.0% | $28.0m | 150,000 | 0% | held |
| 11 | TSM TAIWAN SEMICONDUCTOR MFG LTD | Technology | 2.9% | $27.2m | 120,000 | 0% | held |
| 12 | CLH CLEAN HARBORS INC | Industrials | 2.7% | $25.4m | 110,000 | 0% | held |
| 13 | AMSC AMERICAN SUPERCONDUCTOR CORP | Industrials | 2.7% | $25.3m | 690,000 | 15% | added |
| 14 | AXON AXON ENTERPRISE INC | Industrials | 2.6% | $24.8m | 30,000 | 0% | held |
| 15 | TRMB TRIMBLE INC | Technology | 2.4% | $22.8m | 300,000 | 20% | added |
| 16 | BA BOEING CO | Industrials | 2.2% | $21.0m | 100,000 | – | new |
| 17 | GRMN GARMIN LTD | Technology | 2.2% | $20.9m | 100,000 | -17% | reduced |
| 18 | NOVT NOVANTA INC | Technology | 2.1% | $19.3m | 150,000 | 67% | added |
| 19 | BV BRIGHTVIEW HLDGS INC | 2.0% | $19.1m | 1,150,000 | 28% | added | |
| 20 | ADI ANALOG DEVICES INC | Technology | 2.0% | $19.0m | 80,000 | -20% | reduced |
| 21 | FNV FRANCO NEV CORP | Basic Materials | 1.7% | $16.4m | 100,000 | 0% | held |
| 22 | ARM ARM HOLDINGS PLC | Technology | 1.7% | $16.2m | 100,000 | 0% | held |
| 23 | BWXT BWX TECHNOLOGIES INC | Industrials | 1.5% | $14.4m | 100,000 | 0% | held |
| 24 | MCHP MICROCHIP TECHNOLOGY INC. | Technology | 1.5% | $14.1m | 200,000 | – | new |
| 25 | ARCELORMITTAL SA LUXEMBOURG | 1.3% | $12.6m | 400,000 | 0% | held | |
| 26 | GLW CORNING INC | Technology | 1.3% | $12.6m | 240,000 | 20% | added |
| 27 | TWLO TWILIO INC | Technology | 1.3% | $12.4m | 100,000 | – | new |
| 28 | FFIV F5 INC | Technology | 1.2% | $11.8m | 40,000 | -33% | reduced |
| 29 | SHOP SHOPIFY INC | Technology | 1.2% | $11.5m | 100,000 | – | new |
| 30 | OSIS OSI SYSTEMS INC | Technology | 1.2% | $11.2m | 50,000 | 0% | held |
| 31 | KARO KAROOOOO LTD | 1.2% | $11.0m | 225,150 | – | new | |
| 32 | MIR MIRION TECHNOLOGIES INC | Industrials | 1.1% | $10.8m | 500,000 | 0% | held |
| 33 | ASPN ASPEN AEROGELS INC | Basic Materials | 1.1% | $10.6m | 1,792,424 | -5% | reduced |
| 34 | ASPI ASP ISOTOPES INC | 1.1% | $10.5m | 1,425,000 | -3% | reduced | |
| 35 | CDXS CODEXIS INC | Healthcare | 1.0% | $9.8m | 4,000,000 | 33% | added |
| 36 | BILL BILL HOLDINGS INC | Technology | 1.0% | $9.3m | 200,000 | – | new |
| 37 | ASML ASML HOLDING N V | Technology | 0.9% | $8.0m | 10,000 | – | new |
| 38 | CLBT CELLEBRITE DI LTD | Technology | 0.8% | $8.0m | 500,000 | 0% | held |
| 39 | HLMN HILLMAN SOLUTIONS CORP | Industrials | 0.8% | $7.1m | 1,000,000 | 0% | held |
| 40 | KOPN KOPIN CORP | 0.6% | $6.1m | 4,000,000 | 33% | added | |
| 41 | NXT NEXTRACKER INC | Technology | 0.6% | $5.4m | 100,000 | – | new |
| 42 | GOOGL ALPHABET INC | Communication Services | 0.6% | $5.3m | 30,000 | -62% | reduced |
| 43 | MSFT MICROSOFT CORP | Technology | 0.5% | $5.0m | 10,000 | – | new |
| 44 | ARRY ARRAY TECHNOLOGIES INC | Technology | 0.3% | $3.0m | 500,000 | – | new |
| 45 | DORM DORMAN PRODS INC | Consumer Cyclical | 0.3% | $2.5m | 20,000 | – | new |
| 46 | BDSX BIODESIX INC | 0.2% | $2.3m | 8,282,490 | 0% | held | |
| 47 | SHLS SHOALS TECHNOLOGIES GROUP IN | Technology | 0.2% | $2.1m | 500,000 | – | new |
| 48 | ARBE ROBOTICS LTD | 0.2% | $2.0m | 1,150,000 | -15% | reduced |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.