Telemark Asset Management, LLC
Filing Date
Global Rank
#1,451
/ 8,232
▲ 211
Top Industry
Semiconductors
16.7%
3Y Alpha vs SPY
-3.7%
Period ended 3 months ago
Filed May 12, 2026 · 34d
25 quarters · since Mar 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+58.8%
SPY
+74.2%
Annualised alpha
-3.6%
Max drawdown
−32.2%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
52 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
9.9%
−1.6 pts
Top 5
31.8%
−3.3 pts
Top 10
47.0%
−1.0 pts
HHI
366
Diversified−29
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 43.9% | $463,142,476 |
| Energy | 20.0% | $211,527,000 |
| Industrials | 16.9% | $178,804,100 |
| Consumer Cyclical | 6.9% | $72,590,800 |
| Basic Materials | 4.0% | $42,081,000 |
| Communication Services | 3.7% | $39,501,900 |
| Healthcare | 3.7% | $38,772,097 |
| Utilities | 0.8% | $8,953,600 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
5 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| ANDG | Andersen Group Inc. | +400,000 | 500,000 | $13,600,000 | |
| BV | BrightView Holdings, Inc. | +200,000 | 850,000 | $10,021,500 | |
| BDSX | Biodesix Inc | +162,000 | 489,824 | $7,102,448 | |
| PLTR | Palantir Technologies Inc. | +100,000 | 200,000 | $29,256,000 | |
| CLH | Clean Harbors Inc | +20,000 | 100,000 | $28,673,000 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
10 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| ALM | Almonty Industries Inc. | −100,000 | 1,200,000 | $17,376,000 | |
| CCJ | Cameco Corp | −100,000 | 900,000 | $97,749,000 | |
| TRMB | Trimble Inc. | −100,000 | 200,000 | $13,046,000 | |
| SHOP | Shopify Inc. | −40,000 | 90,000 | $10,675,800 | |
| WCN | Waste Connections, Inc. | −20,000 | 100,000 | $16,244,000 | |
| MOD | Modine Manufacturing Co | −20,000 | 80,000 | $17,336,800 | |
| AMSC | American Superconductor Corp /De/ | −19,900 | 600,000 | $20,310,000 | |
| ADI | Analog Devices Inc | −15,000 | 70,000 | $22,269,800 | |
| META | Meta Platforms, Inc. | −10,000 | 30,000 | $17,163,900 | |
| KARO | Karooooo Ltd. | −10,000 | 215,150 | $10,723,076 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
11 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| HAL | Halliburton Co | 1,200,000 | $46,788,000 | |
| SLB | Slb Limited/Nv | 600,000 | $30,834,000 | |
| MRNA | Moderna, Inc. | 500,000 | $25,400,000 | |
| BKR | Baker Hughes Co | 400,000 | $24,420,000 | |
| CAT | Caterpillar Inc | 30,000 | $21,253,800 | |
| TXN | Texas Instruments Inc | 80,000 | $15,531,200 | |
| NXT | Nextpower Inc. | 100,000 | $12,055,000 | |
| QBTS | D-Wave Quantum Inc. | 500,000 | $7,215,000 | |
| TWLO | Twilio Inc | 50,000 | $6,291,000 | |
| OVV | Ovintiv Inc. | 100,000 | $5,936,000 | |
| NXE | NexGen Energy Ltd. | 500,000 | $5,800,000 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
14 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| MCHP | Microchip Technology Inc | 350,000 | $22,302,000 | |
| MDB | MongoDB, Inc. | 40,000 | $16,787,600 | |
| EQT | EQT Corp | 300,000 | $16,080,000 | |
| MSFT | Microsoft Corp | 30,000 | $14,508,600 | |
| FSLR | First Solar, Inc. | 50,000 | $13,061,500 | |
| WGS | GeneDx Holdings Corp. | 100,000 | $13,006,000 | |
| SHLS | Shoals Technologies Group, Inc. | 1,500,000 | $12,750,000 | |
| MIR | Mirion Technologies, Inc. | 500,000 | $11,710,000 | |
| RRC | Range Resources Corp | 300,000 | $10,578,000 | |
| CLBT | Cellebrite DI Ltd. | 400,000 | $7,212,000 | |
| BETA | BETA Technologies, Inc. | 200,000 | $5,642,000 | |
| ARM | Arm Holdings PLC /Uk | 50,000 | $5,465,500 | |
| ASPI | ASP Isotopes Inc. | 825,000 | $4,413,750 | |
| RIVN | Rivian Automotive, Inc. / DE | 200,000 | $3,942,000 | |
| No positions match the current search. | ||||
1 positions ·
$8,953,600 total
· Utilities only
· as of Mar 31, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Energy
Healthcare
Industrials
Technology
Utilities
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| ORA |
Ormat Technologies, Inc.
Utilities
|
Held | 80,000 | $8,953,600 | 100.00% |