Telemark Asset Management, LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 9, 2024), Telemark Asset Management, LLC reported 57 stock positions worth $1.1 billion. Its top holding was Nvidia (NVDA) at 15.6% of the portfolio, followed by Cameco (CCJ, 5.3%) and Arm Holdings PLC-ADR (ARM, 4.4%). Compared with Q1 2024, it opened 13 new positions, sold out of 19, added to 14 and reduced 5. The biggest buy was a new position in ASML Holding NV-NY Reg SHS (ASML) and the biggest sale an exit from Towa.
- Most Recent 13F
- Q2 2026
- Location
- BOSTON, MA
- CIK
- 0001420816
- Portfolio Value
- $1.1B (Q2 2024)
- SEC Filing
- 0000898432-24-000685 ↗ filed Aug 9, 2024
Holdings Value
Holdings 57 stocks · $1.1B
| NVDA Nvidia Corp. | 15.63% | 1,400,000 | $173.0M | No change |
| CCJ Cameco Corp. | 5.33% | 1,200,000 | $59.0M | No change |
| ARM Arm Holdings PLC-ADR | 4.43% | 300,000 | $49.1M | No change |
| AMZN Amazon.com Inc. | 4.36% | 250,000 | $48.3M | No change |
| ASPN Aspen Aerogels Inc. | 3.22% | 1,492,424 | $35.6M | No change |
| HEI Heico Corp. | 2.83% | 140,000 | $31.3M | No change |
| MRNA Moderna Inc. | 2.68% | 250,000 | $29.7M | No change |
| CLH Clean Harbors Inc. | 2.66% | 130,000 | $29.4M | No change |
| CSGP Costar Group Inc. | 2.34% | 350,000 | $25.9M | Add +40.0% |
| META Meta Platforms Inc. Class A | 2.28% | 50,000 | $25.2M | No change |
| HEI.A Heico Corp. Class A | 2.00% | 125,000 | $22.2M | No change |
| ASML ASML Holding NV-NY Reg SHS | 1.85% | 20,000 | $20.5M | New |
| LUCK Lucky Strike Entertainment C filed as BOWLERO CORP | 1.80% | 1,375,000 | $19.9M | Reduce -20.3% |
| IOSP Innospec Inc. | 1.79% | 160,000 | $19.8M | No change |
| NOW ServiceNow Inc. | 1.78% | 25,000 | $19.7M | No change |
| GRMN Garmin Ltd. | 1.77% | 120,000 | $19.6M | No change |
| FCX Freeport-McMoran Inc. | 1.76% | 400,000 | $19.4M | Add +100.0% |
| GLW Corning Inc. | 1.75% | 500,000 | $19.4M | New |
| VRRM Verra Mobility Corp. | 1.72% | 700,000 | $19.0M | No change |
| GOOGL Alphabet Inc. Class A | 1.65% | 100,000 | $18.2M | No change |
| RXST Rxsight Inc. | 1.64% | 301,000 | $18.1M | Add +50.5% |
| MSFT Microsoft Corp. | 1.62% | 40,000 | $17.9M | No change |
| TSM Taiwan Semiconductor-SP ADR | 1.57% | 100,000 | $17.4M | Add +33.3% |
| CCC CCC Intelligent Solutions Ho | 1.51% | 1,500,000 | $16.7M | No change |
| AMAT Applied Materials Inc. | 1.49% | 70,000 | $16.5M | Reduce -30.0% |
| NOVT Novanta Inc. | 1.47% | 100,000 | $16.3M | No change |
| ADI Analog Devices Inc. | 1.44% | 70,000 | $16.0M | New |
| AA Alcoa Corp. | 1.44% | 400,000 | $15.9M | Add +300.0% |
| CAMT Camtek Ltd. | 1.36% | 120,000 | $15.0M | Reduce -31.4% |
| AXON Axon Enterprise Inc. | 1.33% | 50,000 | $14.7M | No change |
| AMSC American Superconductor Corp. | 1.27% | 600,000 | $14.0M | Add +50.0% |
| NXE Nexgen Energy Ltd. | 1.26% | 2,000,000 | $14.0M | Add +33.3% |
| FSLR First Solar Inc. | 1.22% | 60,000 | $13.5M | New |
| BDSX Biodesix Inc. | 1.14% | 8,282,490 | $12.7M | Add +524.6% |
| SMCI Super Micro Computer Inc. | 1.11% | 15,000 | $12.3M | No change |
| WCN Waste Connections Inc. | 1.11% | 70,000 | $12.3M | No change |
| ONTO Onto Innovation Inc. | 1.09% | 55,000 | $12.1M | Reduce -26.7% |
| VRTX Vertex Pharmaceuticals Inc. | 1.06% | 25,000 | $11.7M | New |
| UBER Uber Technologies Inc. | 0.98% | 150,000 | $10.9M | Add +50.0% |
| SCCO Southern Copper Corp. | 0.98% | 101,040 | $10.9M | Add +1.0% |
| GLD SPDR Gold Shares | 0.97% | 50,000 | $10.8M | No change |
| BWXT BWX Technologies Inc. | 0.86% | 100,000 | $9.5M | Add +100.0% |
| BV Brightview Holdings Inc. | 0.84% | 700,000 | $9.3M | Add +3400.0% |
| GM General Motors Co. | 0.84% | 200,000 | $9.3M | New |
| MCHP Microchip Technology Inc. | 0.83% | 100,000 | $9.2M | New |
| TER Teradyne Inc. | 0.80% | 60,000 | $8.9M | New |
| CDXS Codexis Inc. | 0.76% | 2,696,411 | $8.4M | No change |
| MU Micron Technology Inc. | 0.59% | 50,000 | $6.6M | New |
| LNTH Lantheus Holdings Inc. | 0.58% | 80,000 | $6.4M | Reduce -48.4% |
| HLMN Hillman Solutions Corp. | 0.56% | 700,000 | $6.2M | Add +12.9% |
| TXN Texas Instruments Inc. | 0.53% | 30,000 | $5.8M | New |
| TTGT Techtarget Holdings Inc. | 0.51% | 180,000 | $5.6M | Add +20.0% |
| AMPS Altus Power Inc. | 0.42% | 1,200,000 | $4.7M | No change |
| VECO Veeco Instruments Inc. | 0.42% | 100,000 | $4.7M | New |
| FNV Franco-Nevada Corp. | 0.32% | 30,000 | $3.6M | New |
| TRMB Trimble Inc. | 0.25% | 50,000 | $2.8M | No change |
| AEIS Advanced Energy Industries | 0.20% | 20,000 | $2.2M | New |
Options reported separately and not counted above: APPLE INC calls ($42.1M).
Portfolio Sells Q1 2024 → Q2 2024
| TOWA CORP | Sold out | 0.00% | −2.91 |
| ASML HOLDING NV-NY REG SHS | Sold out | 0.00% | −2.01 |
| LSCC Lattice Semiconductor Corp. | Sold out | 0.00% | −1.62 |
| ADBE Adobe Inc. | Sold out | 0.00% | −1.04 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.93 |
| MDB Mongodb Inc. | Sold out | 0.00% | −0.74 |
| KLAC KLA Corp. | Sold out | 0.00% | −0.72 |
| DXCM Dexcom Inc. | Sold out | 0.00% | −0.72 |
| PSX Phillips 66 | Sold out | 0.00% | −0.68 |
| GTM Zoominfo Technologies Inc. | Sold out | 0.00% | −0.66 |
| LUCK Lucky Strike Entertainment C | Reduce -20.3% | 1.80% | −0.64 |
| AMAT Applied Materials Inc. | Reduce -30.0% | 1.49% | −0.64 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −0.56 |
| FLYW Flywire Corp.-Voting | Sold out | 0.00% | −0.51 |
| ENPH Enphase Energy Inc. | Sold out | 0.00% | −0.50 |
| MA Mastercard Inc. Class A | Sold out | 0.00% | −0.50 |
| VRT Vertiv Holdings Co. Class A | Sold out | 0.00% | −0.42 |
| LNTH Lantheus Holdings Inc. | Reduce -48.4% | 0.58% | −0.42 |
| UDMY Udemy Inc. | Sold out | 0.00% | −0.34 |
| ASM INTERNATIONAL NV | Sold out | 0.00% | −0.32 |
| ONTO Onto Innovation Inc. | Reduce -26.7% | 1.09% | −0.31 |
| SILEX SYSTEMS LTD | Sold out | 0.00% | −0.17 |
| CAMT Camtek Ltd. | Reduce -31.4% | 1.36% | −0.16 |
| LUNDIN MINING CORP | Sold out | 0.00% | −0.11 |
Portfolio Buys Q1 2024 → Q2 2024
| ASML ASML Holding NV-NY Reg SHS | New | 1.85% | +1.85 |
| GLW Corning Inc. | New | 1.75% | +1.75 |
| ADI Analog Devices Inc. | New | 1.44% | +1.44 |
| FSLR First Solar Inc. | New | 1.22% | +1.22 |
| AA Alcoa Corp. | Add +300.0% | 1.44% | +1.09 |
| VRTX Vertex Pharmaceuticals Inc. | New | 1.06% | +1.06 |
| BDSX Biodesix Inc. | Add +524.6% | 1.14% | +0.95 |
| GM General Motors Co. | New | 0.84% | +0.84 |
| MCHP Microchip Technology Inc. | New | 0.83% | +0.83 |
| BV Brightview Holdings Inc. | Add +3400.0% | 0.84% | +0.82 |
| TER Teradyne Inc. | New | 0.80% | +0.80 |
| FCX Freeport-McMoran Inc. | Add +100.0% | 1.76% | +0.78 |
| AMSC American Superconductor Corp. | Add +50.0% | 1.27% | +0.71 |
| MU Micron Technology Inc. | New | 0.59% | +0.59 |
| RXST Rxsight Inc. | Add +50.5% | 1.64% | +0.57 |
| TXN Texas Instruments Inc. | New | 0.53% | +0.53 |
| TSM Taiwan Semiconductor-SP ADR | Add +33.3% | 1.57% | +0.52 |
| VECO Veeco Instruments Inc. | New | 0.42% | +0.42 |
| BWXT BWX Technologies Inc. | Add +100.0% | 0.86% | +0.33 |
| FNV Franco-Nevada Corp. | New | 0.32% | +0.32 |
| AEIS Advanced Energy Industries | New | 0.20% | +0.20 |
| UBER Uber Technologies Inc. | Add +50.0% | 0.98% | +0.19 |
| NXE Nexgen Energy Ltd. | Add +33.3% | 1.26% | +0.06 |
| TTGT Techtarget Holdings Inc. | Add +20.0% | 0.51% | −0.01 |
| SCCO Southern Copper Corp. | Add +1.0% | 0.98% | −0.12 |
| HLMN Hillman Solutions Corp. | Add +12.9% | 0.56% | −0.12 |
| CSGP Costar Group Inc. | Add +40.0% | 2.34% | −0.15 |
Options Activity Q1 2024 → Q2 2024
| APPLE INC | call | New | 200,000 | $42.1M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 57 | $1.4B | NVDA, CCJ, NOVT, HEI, MRNA |
| Q1 2026 | 53 | $1.1B | NVDA, CCJ, HAL, NOVT, AMZN |
| Q4 2025 | 56 | $1.0B | NVDA, CCJ, AMZN, HEI, NOVT |
| Q3 2025 | 47 | $1.1B | NVDA, CCJ, CSGP, HEI, META |
| Q2 2025 | 48 | $942.3M | NVDA, CCJ, HEI, META, CSGP |
| Q1 2025 | 47 | $764.3M | NVDA, CCJ, CSGP, AMZN, HEI |
| Q4 2024 | 54 | $1.0B | NVDA, CCJ, AMZN, HEI, CLH |
| Q3 2024 | 56 | $990.3M | NVDA, CCJ, AMZN, ASPN, CSGP |
| Q2 2024 | 57 | $1.1B | NVDA, CCJ, ARM, AMZN, ASPN |
| Q1 2024 | 63 | $967.7M | NVDA, CCJ, AMZN, ARM, TOWA CORP |