Telemark Asset Management, LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 12, 2024), Telemark Asset Management, LLC reported 56 stock positions worth $990.3 million. Its top holding was Nvidia (NVDA) at 14.1% of the portfolio, followed by Cameco (CCJ, 6.3%) and Amazon.com (AMZN, 4.7%). Compared with Q2 2024, it opened 14 new positions, sold out of 15, added to 8 and reduced 15. The biggest buy was a new position in Alnylam Pharmaceuticals (ALNY) and the biggest sale an exit from Moderna (MRNA).
- Most Recent 13F
- Q2 2026
- Location
- BOSTON, MA
- CIK
- 0001420816
- Portfolio Value
- $990.3M (Q3 2024)
- SEC Filing
- 0000898432-24-000893 ↗ filed Nov 12, 2024
Holdings Value
Holdings 56 stocks · $990.3M
| NVDA Nvidia Corp. | 14.10% | 1,150,000 | $139.7M | Reduce -17.9% |
| CCJ Cameco Corp. | 6.27% | 1,300,000 | $62.1M | Add +8.3% |
| AMZN Amazon.com Inc. | 4.70% | 250,000 | $46.6M | No change |
| ASPN Aspen Aerogels Inc. | 4.17% | 1,492,424 | $41.3M | No change |
| CSGP Costar Group Inc. | 3.81% | 500,000 | $37.7M | Add +42.9% |
| HEI Heico Corp. | 3.70% | 140,000 | $36.6M | No change |
| NOW ServiceNow Inc. | 3.61% | 40,000 | $35.8M | Add +60.0% |
| CLH Clean Harbors Inc. | 3.17% | 130,000 | $31.4M | No change |
| META Meta Platforms Inc. Class A | 2.89% | 50,000 | $28.6M | No change |
| ALNY Alnylam Pharmaceuticals Inc. | 2.78% | 100,000 | $27.5M | New |
| HEI.A Heico Corp. Class A | 2.57% | 125,000 | $25.5M | No change |
| GRMN Garmin Ltd. | 2.40% | 135,000 | $23.8M | Add +12.5% |
| ARM Arm Holdings PLC-ADR | 2.17% | 150,000 | $21.5M | Reduce -50.0% |
| VRRM Verra Mobility Corp. | 1.97% | 700,000 | $19.5M | No change |
| GLW Corning Inc. | 1.82% | 400,000 | $18.1M | Reduce -20.0% |
| NOVT Novanta Inc. | 1.81% | 100,000 | $17.9M | No change |
| TSM Taiwan Semiconductor-SP ADR | 1.75% | 100,000 | $17.4M | No change |
| CCC CCC Intelligent Solutions Ho | 1.62% | 1,450,000 | $16.0M | Reduce -3.3% |
| IOSP Innospec Inc. | 1.60% | 140,000 | $15.8M | Reduce -12.5% |
| FCX Freeport-McMoran Inc. | 1.51% | 300,000 | $15.0M | Reduce -25.0% |
| FSLR First Solar Inc. | 1.51% | 60,000 | $15.0M | No change |
| RXST Rxsight Inc. | 1.50% | 301,000 | $14.9M | No change |
| BDSX Biodesix Inc. | 1.49% | 8,282,490 | $14.7M | No change |
| TXN Texas Instruments Inc. | 1.46% | 70,000 | $14.5M | Add +133.3% |
| AMSC American Superconductor Corp. | 1.43% | 600,000 | $14.2M | No change |
| FFIV F5 Inc. | 1.33% | 60,000 | $13.2M | New |
| NXE Nexgen Energy Ltd. | 1.32% | 2,000,000 | $13.1M | No change |
| PI Impinj Inc. | 1.31% | 60,000 | $13.0M | New |
| BV Brightview Holdings Inc. | 1.27% | 800,000 | $12.6M | Add +14.3% |
| WCN Waste Connections Inc. | 1.26% | 70,000 | $12.5M | No change |
| AXON Axon Enterprise Inc. | 1.21% | 30,000 | $12.0M | Reduce -40.0% |
| VRTX Vertex Pharmaceuticals Inc. | 1.17% | 25,000 | $11.6M | No change |
| ADI Analog Devices Inc. | 1.16% | 50,000 | $11.5M | Reduce -28.6% |
| UBER Uber Technologies Inc. | 1.14% | 150,000 | $11.3M | No change |
| BWXT BWX Technologies Inc. | 1.10% | 100,000 | $10.9M | No change |
| MSFT Microsoft Corp. | 0.87% | 20,000 | $8.6M | Reduce -50.0% |
| ASML ASML Holding NV-NY Reg SHS | 0.84% | 10,000 | $8.3M | Reduce -50.0% |
| CDXS Codexis Inc. | 0.84% | 2,696,411 | $8.3M | No change |
| AEM Agnico Eagle Mines Ltd. | 0.81% | 100,000 | $8.1M | New |
| HLMN Hillman Solutions Corp. | 0.80% | 750,000 | $7.9M | Add +7.1% |
| BILL Bill Holdings Inc. | 0.80% | 150,000 | $7.9M | New |
| EA Electronic Arts Inc. | 0.72% | 50,000 | $7.2M | New |
| CLBT Cellebrite Di Ltd. | 0.68% | 400,000 | $6.7M | New |
| NEM Newmont Corp. | 0.65% | 120,000 | $6.4M | New |
| ONTO Onto Innovation Inc. | 0.63% | 30,000 | $6.2M | Reduce -45.5% |
| FNV Franco-Nevada Corp. | 0.63% | 50,000 | $6.2M | Add +66.7% |
| LUCK Lucky Strike Entertainment C filed as BOWLERO CORP | 0.59% | 500,000 | $5.9M | Reduce -63.6% |
| ASPI Asp Isotopes Inc. | 0.48% | 1,700,000 | $4.7M | New |
| MIR Mirion Technologies Inc. | 0.45% | 400,000 | $4.4M | New |
| AMAT Applied Materials Inc. | 0.41% | 20,000 | $4.0M | Reduce -71.4% |
| TTGT Techtarget Holdings Inc. | 0.37% | 150,000 | $3.7M | Reduce -16.7% |
| WPM Wheaton Precious Metals Corp. | 0.37% | 60,000 | $3.7M | New |
| AMPS Altus Power Inc. | 0.31% | 960,000 | $3.1M | Reduce -20.0% |
| VRT Vertiv Holdings Co. Class A | 0.30% | 30,000 | $3.0M | New |
| TERN Terns Pharmaceuticals Inc. | 0.25% | 300,000 | $2.5M | New |
| KRNT Kornit Digital Ltd. | 0.10% | 40,000 | $1.0M | New |
Portfolio Sells Q2 2024 → Q3 2024
| MRNA Moderna Inc. | Sold out | 0.00% | −2.68 |
| ARM Arm Holdings PLC-ADR | Reduce -50.0% | 2.17% | −2.27 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −1.65 |
| NVDA Nvidia Corp. | Reduce -17.9% | 14.10% | −1.52 |
| AA Alcoa Corp. | Sold out | 0.00% | −1.44 |
| CAMT Camtek Ltd. | Sold out | 0.00% | −1.36 |
| LUCK Lucky Strike Entertainment C | Reduce -63.6% | 0.59% | −1.21 |
| SMCI Super Micro Computer Inc. | Sold out | 0.00% | −1.11 |
| AMAT Applied Materials Inc. | Reduce -71.4% | 0.41% | −1.08 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -50.0% | 0.84% | −1.01 |
| SCCO Southern Copper Corp. | Sold out | 0.00% | −0.98 |
| GLD SPDR Gold Shares | Sold out | 0.00% | −0.97 |
| GM General Motors Co. | Sold out | 0.00% | −0.84 |
| MCHP Microchip Technology Inc. | Sold out | 0.00% | −0.83 |
| TER Teradyne Inc. | Sold out | 0.00% | −0.80 |
| MSFT Microsoft Corp. | Reduce -50.0% | 0.87% | −0.75 |
| MU Micron Technology Inc. | Sold out | 0.00% | −0.59 |
| LNTH Lantheus Holdings Inc. | Sold out | 0.00% | −0.58 |
| ONTO Onto Innovation Inc. | Reduce -45.5% | 0.63% | −0.46 |
| VECO Veeco Instruments Inc. | Sold out | 0.00% | −0.42 |
| ADI Analog Devices Inc. | Reduce -28.6% | 1.16% | −0.28 |
| TRMB Trimble Inc. | Sold out | 0.00% | −0.25 |
| FCX Freeport-McMoran Inc. | Reduce -25.0% | 1.51% | −0.24 |
| AEIS Advanced Energy Industries | Sold out | 0.00% | −0.20 |
| IOSP Innospec Inc. | Reduce -12.5% | 1.60% | −0.19 |
| TTGT Techtarget Holdings Inc. | Reduce -16.7% | 0.37% | −0.14 |
| AXON Axon Enterprise Inc. | Reduce -40.0% | 1.21% | −0.12 |
| AMPS Altus Power Inc. | Reduce -20.0% | 0.31% | −0.12 |
| GLW Corning Inc. | Reduce -20.0% | 1.82% | +0.07 |
| CCC CCC Intelligent Solutions Ho | Reduce -3.3% | 1.62% | +0.11 |
Portfolio Buys Q2 2024 → Q3 2024
| ALNY Alnylam Pharmaceuticals Inc. | New | 2.78% | +2.78 |
| NOW ServiceNow Inc. | Add +60.0% | 3.61% | +1.84 |
| CSGP Costar Group Inc. | Add +42.9% | 3.81% | +1.46 |
| FFIV F5 Inc. | New | 1.33% | +1.33 |
| PI Impinj Inc. | New | 1.31% | +1.31 |
| CCJ Cameco Corp. | Add +8.3% | 6.27% | +0.94 |
| TXN Texas Instruments Inc. | Add +133.3% | 1.46% | +0.93 |
| AEM Agnico Eagle Mines Ltd. | New | 0.81% | +0.81 |
| BILL Bill Holdings Inc. | New | 0.80% | +0.80 |
| EA Electronic Arts Inc. | New | 0.72% | +0.72 |
| CLBT Cellebrite Di Ltd. | New | 0.68% | +0.68 |
| NEM Newmont Corp. | New | 0.65% | +0.65 |
| GRMN Garmin Ltd. | Add +12.5% | 2.40% | +0.63 |
| ASPI Asp Isotopes Inc. | New | 0.48% | +0.48 |
| MIR Mirion Technologies Inc. | New | 0.45% | +0.45 |
| BV Brightview Holdings Inc. | Add +14.3% | 1.27% | +0.43 |
| WPM Wheaton Precious Metals Corp. | New | 0.37% | +0.37 |
| FNV Franco-Nevada Corp. | Add +66.7% | 0.63% | +0.31 |
| VRT Vertiv Holdings Co. Class A | New | 0.30% | +0.30 |
| TERN Terns Pharmaceuticals Inc. | New | 0.25% | +0.25 |
| HLMN Hillman Solutions Corp. | Add +7.1% | 0.80% | +0.24 |
| KRNT Kornit Digital Ltd. | New | 0.10% | +0.10 |
Options Activity Q2 2024 → Q3 2024
| APPLE INC | call | Sold out | 200,000 | $42.1Mbefore exit |
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 |