Telemark Asset Management, LLC 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Telemark Asset Management, LLC disclosed 56 US equity positions worth $1.0bn in its Q4 2025 13F filing. The largest position was NVDA at 11.2% of the reported book, followed by CCJ and AMZN. Against the Q3 2025 filing, it opened 10 new positions, added to 8 and reduced 19 among the top 50 holdings.
What did Telemark Asset Management, LLC own in Q4 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | NVDA NVIDIA CORPORATION | Technology | 11.2% | $111.9m | 600,000 | 0% | held |
| 2 | CCJ CAMECO CORP | Energy | 9.1% | $91.5m | 1,000,000 | 0% | held |
| 3 | AMZN AMAZON COM INC | Consumer Cyclical | 4.6% | $46.2m | 200,000 | 0% | held |
| 4 | HEI HEICO CORP NEW | Industrials | 4.5% | $45.3m | 140,000 | 0% | held |
| 5 | NOVT NOVANTA INC | Technology | 4.5% | $44.6m | 375,000 | 50% | added |
| 6 | HEI/A HEICO CORP NEW | 3.2% | $31.6m | 125,000 | 0% | held | |
| 7 | TSM TAIWAN SEMICONDUCTOR MFG LTD | Technology | 3.0% | $30.4m | 100,000 | -17% | reduced |
| 8 | META META PLATFORMS INC | Communication Services | 2.6% | $26.4m | 40,000 | -33% | reduced |
| 9 | TRMB TRIMBLE INC | Technology | 2.3% | $23.5m | 300,000 | 0% | held |
| 10 | ADI ANALOG DEVICES INC | Technology | 2.3% | $23.1m | 85,000 | -15% | reduced |
| 11 | MCHP MICROCHIP TECHNOLOGY INC. | Technology | 2.2% | $22.3m | 350,000 | 17% | added |
| 12 | WCN WASTE CONNECTIONS INC | Industrials | 2.1% | $21.0m | 120,000 | -20% | reduced |
| 13 | SHOP SHOPIFY INC | Technology | 2.1% | $20.9m | 130,000 | 0% | held |
| 14 | FNV FRANCO NEV CORP | Basic Materials | 2.1% | $20.7m | 100,000 | -33% | reduced |
| 15 | CLH CLEAN HARBORS INC | Industrials | 1.9% | $18.8m | 80,000 | -27% | reduced |
| 16 | AMSC AMERICAN SUPERCONDUCTOR CORP | Industrials | 1.8% | $17.8m | 619,900 | -10% | reduced |
| 17 | PLTR PALANTIR TECHNOLOGIES INC | Technology | 1.8% | $17.8m | 100,000 | – | new |
| 18 | GLW CORNING INC | Technology | 1.7% | $17.5m | 200,000 | -17% | reduced |
| 19 | BWXT BWX TECHNOLOGIES INC | Industrials | 1.7% | $17.3m | 100,000 | -20% | reduced |
| 20 | MDB MONGODB INC | Technology | 1.7% | $16.8m | 40,000 | – | new |
| 21 | KOPN KOPIN CORP | 1.6% | $16.4m | 7,000,000 | 40% | added | |
| 22 | EQT EQT CORP | Energy | 1.6% | $16.1m | 300,000 | -33% | reduced |
| 23 | GOOGL ALPHABET INC | Communication Services | 1.6% | $15.7m | 50,000 | 0% | held |
| 24 | MSFT MICROSOFT CORP | Technology | 1.4% | $14.5m | 30,000 | 200% | added |
| 25 | TER TERADYNE INC | Technology | 1.4% | $13.5m | 70,000 | 0% | held |
| 26 | APP APPLOVIN CORP | Communication Services | 1.3% | $13.5m | 20,000 | – | new |
| 27 | MOD MODINE MFG CO | Consumer Cyclical | 1.3% | $13.4m | 100,000 | – | new |
| 28 | FSLR FIRST SOLAR INC | Technology | 1.3% | $13.1m | 50,000 | – | new |
| 29 | WGS GENEDX HOLDINGS CORP | Healthcare | 1.3% | $13.0m | 100,000 | -17% | reduced |
| 30 | SHLS SHOALS TECHNOLOGIES GROUP IN | Technology | 1.3% | $12.8m | 1,500,000 | 50% | added |
| 31 | MIR MIRION TECHNOLOGIES INC | Industrials | 1.2% | $11.7m | 500,000 | 0% | held |
| 32 | ALM ALMONTY INDS INC | 1.1% | $11.5m | 1,300,000 | 0% | held | |
| 33 | AXON AXON ENTERPRISE INC | Industrials | 1.1% | $11.4m | 20,000 | -33% | reduced |
| 34 | ASML ASML HOLDING N V | Technology | 1.1% | $10.7m | 10,000 | 150% | added |
| 35 | RRC RANGE RES CORP | Energy | 1.1% | $10.6m | 300,000 | -50% | reduced |
| 36 | AMAT APPLIED MATLS INC | Technology | 1.0% | $10.3m | 40,000 | – | new |
| 37 | KARO KAROOOOO LTD | 1.0% | $10.2m | 225,150 | 0% | held | |
| 38 | GRMN GARMIN LTD | Technology | 1.0% | $10.1m | 50,000 | -50% | reduced |
| 39 | DOCN DIGITALOCEAN HLDGS INC | Technology | 1.0% | $9.6m | 200,000 | – | new |
| 40 | ORA ORMAT TECHNOLOGIES INC | Utilities | 0.9% | $8.8m | 80,000 | – | new |
| 41 | LRCX LAM RESEARCH CORP | Technology | 0.9% | $8.6m | 50,000 | 100% | added |
| 42 | BV BRIGHTVIEW HLDGS INC | 0.8% | $8.2m | 650,000 | -43% | reduced | |
| 43 | HLMN HILLMAN SOLUTIONS CORP | Industrials | 0.8% | $8.2m | 950,000 | -5% | reduced |
| 44 | ALNT ALLIENT INC | Technology | 0.8% | $8.1m | 150,000 | – | new |
| 45 | CAMT CAMTEK LTD | Technology | 0.7% | $7.4m | 70,000 | 133% | added |
| 46 | CLBT CELLEBRITE DI LTD | Technology | 0.7% | $7.2m | 400,000 | -33% | reduced |
| 47 | CDXS CODEXIS INC | Healthcare | 0.6% | $6.3m | 3,846,411 | -4% | reduced |
| 48 | BETA BETA TECHNOLOGIES INC | 0.6% | $5.6m | 200,000 | – | new | |
| 49 | ARM ARM HOLDINGS PLC | Technology | 0.5% | $5.5m | 50,000 | 0% | held |
| 50 | ASPI ASP ISOTOPES INC | 0.4% | $4.4m | 825,000 | -38% | 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.