Telemark Asset Management, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 12, 2026), Telemark Asset Management, LLC reported 53 stock positions worth $1.1 billion. Its top holding was Nvidia (NVDA) at 9.7% of the portfolio, followed by Cameco (CCJ, 9.0%) and Halliburton (HAL, 4.3%). Compared with Q4 2025, it opened 11 new positions, sold out of 14, added to 5 and reduced 10. The biggest buy was a new position in Halliburton (HAL) and the biggest sale an exit from Microchip Technology (MCHP).
- Most Recent 13F
- Q2 2026
- Location
- BOSTON, MA
- CIK
- 0001420816
- Portfolio Value
- $1.1B (Q1 2026)
- SEC Filing
- 0000898432-26-000352 ↗ filed May 12, 2026
Holdings Value
Holdings 53 stocks · $1.1B
| NVDA Nvidia Corp. | 9.67% | 600,000 | $104.6M | No change |
| CCJ Cameco Corp. | 9.04% | 900,000 | $97.7M | Reduce -10.0% |
| HAL Halliburton Co. | 4.33% | 1,200,000 | $46.8M | New |
| NOVT Novanta Inc. | 4.09% | 375,000 | $44.3M | No change |
| AMZN Amazon.com Inc. | 3.85% | 200,000 | $41.7M | No change |
| HEI Heico Corp. | 3.55% | 140,000 | $38.4M | No change |
| TSM Taiwan Semiconductor-SP ADR | 3.12% | 100,000 | $33.8M | No change |
| SLB SLB Ltd. filed as SLB LIMITED | 2.85% | 600,000 | $30.8M | New |
| PLTR Palantir Technologies Inc. Class A | 2.70% | 200,000 | $29.3M | Add +100.0% |
| CLH Clean Harbors Inc. | 2.65% | 100,000 | $28.7M | Add +25.0% |
| GLW Corning Inc. | 2.51% | 200,000 | $27.2M | No change |
| HEI.A Heico Corp. Class A | 2.44% | 125,000 | $26.4M | No change |
| MRNA Moderna Inc. | 2.35% | 500,000 | $25.4M | New |
| FNV Franco-Nevada Corp. | 2.28% | 100,000 | $24.7M | No change |
| BKR Baker Hughes Co. | 2.26% | 400,000 | $24.4M | New |
| ADI Analog Devices Inc. | 2.06% | 70,000 | $22.3M | Reduce -17.6% |
| CAT Caterpillar Inc. | 1.96% | 30,000 | $21.3M | New |
| TER Teradyne Inc. | 1.92% | 70,000 | $20.8M | No change |
| BWXT BWX Technologies Inc. | 1.89% | 100,000 | $20.4M | No change |
| AMSC American Superconductor Corp. | 1.88% | 600,000 | $20.3M | Reduce -3.2% |
| ALM Almonty Industries Inc. | 1.61% | 1,200,000 | $17.4M | Reduce -7.7% |
| MOD Modine Manufacturing Co. | 1.60% | 80,000 | $17.3M | Reduce -20.0% |
| META Meta Platforms Inc. Class A | 1.59% | 30,000 | $17.2M | Reduce -25.0% |
| DOCN Digitalocean Holdings Inc. | 1.59% | 200,000 | $17.2M | No change |
| WCN Waste Connections Inc. | 1.50% | 100,000 | $16.2M | Reduce -16.7% |
| KOPN Kopin Corp. | 1.46% | 7,000,000 | $15.8M | No change |
| TXN Texas Instruments Inc. | 1.44% | 80,000 | $15.5M | New |
| GOOGL Alphabet Inc. Class A | 1.33% | 50,000 | $14.4M | No change |
| AMAT Applied Materials Inc. | 1.26% | 40,000 | $13.7M | No change |
| ANDG Andersen Group Inc. Class A | 1.26% | 500,000 | $13.6M | Add +400.0% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 1.22% | 10,000 | $13.2M | No change |
| TRMB Trimble Inc. | 1.21% | 200,000 | $13.0M | Reduce -33.3% |
| NXT Nextpower Inc. | 1.11% | 100,000 | $12.1M | New |
| GRMN Garmin Ltd. | 1.07% | 50,000 | $11.6M | No change |
| KARO Karooooo Ltd. | 0.99% | 215,150 | $10.7M | Reduce -4.4% |
| LRCX Lam Research Corp. | 0.99% | 50,000 | $10.7M | No change |
| SHOP Shopify Inc. Class A | 0.99% | 90,000 | $10.7M | Reduce -30.8% |
| CAMT Camtek Ltd. | 0.98% | 70,000 | $10.6M | No change |
| BV Brightview Holdings Inc. | 0.93% | 850,000 | $10.0M | Add +30.8% |
| ORA Ormat Technologies Inc. | 0.83% | 80,000 | $9.0M | No change |
| ALNT Allient Inc. | 0.82% | 150,000 | $8.9M | No change |
| AXON Axon Enterprise Inc. | 0.79% | 20,000 | $8.5M | No change |
| APP AppLovin Corp. Class A | 0.74% | 20,000 | $8.0M | No change |
| HLMN Hillman Solutions Corp. | 0.73% | 950,000 | $7.9M | No change |
| QBTS D-Wave Quantum Inc. | 0.67% | 500,000 | $7.2M | New |
| BDSX Biodesix Inc. | 0.66% | 489,824 | $7.1M | Add +49.4% |
| TWLO Twilio Inc. Class A | 0.58% | 50,000 | $6.3M | New |
| CDXS Codexis Inc. | 0.58% | 3,846,411 | $6.3M | No change |
| OVV Ovintiv Inc. | 0.55% | 100,000 | $5.9M | New |
| NXE Nexgen Energy Ltd. | 0.54% | 500,000 | $5.8M | New |
| LPTH Lightpath Technologies Inc. Class A | 0.36% | 385,000 | $3.9M | No change |
| EPAC Enerpac Tool Group Corp. | 0.34% | 100,000 | $3.6M | No change |
| ASPN Aspen Aerogels Inc. | 0.32% | 1,000,000 | $3.4M | No change |
Portfolio Sells Q4 2025 → Q1 2026
| MCHP Microchip Technology Inc. | Sold out | 0.00% | −2.23 |
| MDB Mongodb Inc. | Sold out | 0.00% | −1.68 |
| EQT Eqt Corp. | Sold out | 0.00% | −1.61 |
| MSFT Microsoft Corp. | Sold out | 0.00% | −1.45 |
| FSLR First Solar Inc. | Sold out | 0.00% | −1.30 |
| WGS Genedx Holdings Corp. | Sold out | 0.00% | −1.30 |
| SHLS Shoals Technologies Group -A | Sold out | 0.00% | −1.27 |
| MIR Mirion Technologies Inc. | Sold out | 0.00% | −1.17 |
| TRMB Trimble Inc. | Reduce -33.3% | 1.21% | −1.14 |
| SHOP Shopify Inc. Class A | Reduce -30.8% | 0.99% | −1.10 |
| RRC Range Resources Corp. | Sold out | 0.00% | −1.06 |
| META Meta Platforms Inc. Class A | Reduce -25.0% | 1.59% | −1.05 |
| CLBT Cellebrite Di Ltd. | Sold out | 0.00% | −0.72 |
| WCN Waste Connections Inc. | Reduce -16.7% | 1.50% | −0.60 |
| BETA Beta Technologies Inc. Class A | Sold out | 0.00% | −0.56 |
| ARM Arm Holdings PLC-ADR | Sold out | 0.00% | −0.55 |
| ASPI Asp Isotopes Inc. | Sold out | 0.00% | −0.44 |
| RIVN Rivian Automotive Inc. Class A | Sold out | 0.00% | −0.39 |
| ADI Analog Devices Inc. | Reduce -17.6% | 2.06% | −0.24 |
| CCJ Cameco Corp. | Reduce -10.0% | 9.04% | −0.10 |
| KARO Karooooo Ltd. | Reduce -4.4% | 0.99% | −0.03 |
| AMSC American Superconductor Corp. | Reduce -3.2% | 1.88% | +0.10 |
| MOD Modine Manufacturing Co. | Reduce -20.0% | 1.60% | +0.27 |
| ALM Almonty Industries Inc. | Reduce -7.7% | 1.61% | +0.46 |
Portfolio Buys Q4 2025 → Q1 2026
| HAL Halliburton Co. | New | 4.33% | +4.33 |
| SLB SLB Ltd. | New | 2.85% | +2.85 |
| MRNA Moderna Inc. | New | 2.35% | +2.35 |
| BKR Baker Hughes Co. | New | 2.26% | +2.26 |
| CAT Caterpillar Inc. | New | 1.96% | +1.96 |
| TXN Texas Instruments Inc. | New | 1.44% | +1.44 |
| NXT Nextpower Inc. | New | 1.11% | +1.11 |
| ANDG Andersen Group Inc. Class A | Add +400.0% | 1.26% | +1.00 |
| PLTR Palantir Technologies Inc. Class A | Add +100.0% | 2.70% | +0.93 |
| CLH Clean Harbors Inc. | Add +25.0% | 2.65% | +0.78 |
| QBTS D-Wave Quantum Inc. | New | 0.67% | +0.67 |
| TWLO Twilio Inc. Class A | New | 0.58% | +0.58 |
| OVV Ovintiv Inc. | New | 0.55% | +0.55 |
| NXE Nexgen Energy Ltd. | New | 0.54% | +0.54 |
| BDSX Biodesix Inc. | Add +49.4% | 0.66% | +0.43 |
| BV Brightview Holdings Inc. | Add +30.8% | 0.93% | +0.10 |
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 |