SEC 13F Intelligence

Managers / Q1 2026

Telemark Asset Management, LLC

CIK 0001420816 · ONE INTERNATIONAL PLACE, SUITE 4620, BOSTON, MA, 02110 · 617-526-8910

Reported Value
$1.1B
Q1 2026
Positions
53
Filings on Record
30
2019–present window
Filed
May 12, 2026
original filing

Summary

Telemark Asset Management, LLC reported $1.1B in U.S.-listed holdings across 53 positions for Q1 2026.

Its largest position, NVDA, represents 9.7% of the portfolio.

Compared with Q4 2025, the fund opened 11 new positions and exited 14.

Portfolio Metrics

Turnover
+21.9%
vs prior filed quarter
Top-10 Concentration
+45.9%
share of reported value
Largest Position
+9.7%
Nvidia Corporation
New / Exited
11 / 14
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $487MQ4 ’18Q1 ’19: $792MQ2 ’19: $872MQ3 ’19: $639MQ4 ’19: $690MQ4 ’19Q1 ’20: $419MQ2 ’20: $632MQ3 ’20: $827MQ4 ’20: $965MQ4 ’20Q1 ’21: $1.2BQ2 ’21: $1.3BQ3 ’21: $1.4BQ4 ’21: $1.4BQ4 ’21Q1 ’22: $1.1BQ2 ’22: $591MQ3 ’22: $637MQ4 ’22: $659MQ4 ’22Q1 ’23: $673MQ2 ’23: $737MQ3 ’23: $659MQ4 ’23: $671MQ4 ’23Q1 ’24: $968MQ2 ’24: $1.1BQ3 ’24: $990MQ4 ’24: $1.0BQ4 ’24Q1 ’25: $764MQ2 ’25: $1.1BQ3 ’25: $1.1BQ4 ’25: $1.0BQ4 ’25Q1 ’26: $1.1Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 92.6%Other: 4.3%ADR: 3.1%
  • Common Stock · 92.6% · $1.0B
  • Other · 4.3% · $46M
  • ADR · 3.1% · $34M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
HALHALLIBURTON CONEW+1.20M1.20M+$47M$47M
SLBSLB LIMITEDNEW+600.0K600.0K+$31M$31M
MRNAMODERNA INCNEW+500.0K500.0K+$25M$25M
BKRBAKER HUGHES COMPANYNEW+400.0K400.0K+$24M$24M
CATCATERPILLAR INCNEW+30.0K30.0K+$21M$21M
TXNTEXAS INSTRS INCNEW+80.0K80.0K+$16M$16M
NXTNEXTPOWER INCNEW+100.0K100.0K+$12M$12M
QBTSD-WAVE QUANTUM INCNEW+500.0K500.0K+$7M$7M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

49 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NVDANVIDIA CORPORATIONhistory →COM9.67%$105M600.0K
2CCOCAMECO CORPhistory →COM9.04%$98M900.0K
3HEIHEICO CORP NEWCOM · CL A5.99%$65M265.0K
4HALHALLIBURTON COhistory →COM4.33%$47M1.20M
51GSNNOVANTA INChistory →COM4.09%$44M375.0K
6AMZNAMAZON COM INChistory →COM3.85%$42M200.0K
7TSMTAIWAN SEMICONDUCTOR MANUFAChistory →SPONSORED ADS3.12%$34M100.0K
8SLBSLB LIMITEDhistory →COM STK2.85%$31M600.0K
9PLTRPALANTIR TECHNOLOGIES INChistory →CL A2.70%$29M200.0K
10CLHCLEAN HARBORS INChistory →COM2.65%$29M100.0K
11GLWCORNING INChistory →COM2.51%$27M200.0K
12MRNAMODERNA INChistory →COM2.35%$25M500.0K
13FNVFRANCO NEV CORPhistory →COM2.28%$25M100.0K
14BKRBAKER HUGHES COMPANYhistory →CL A2.26%$24M400.0K
15ADIANALOG DEVICES INChistory →COM2.06%$22M70.0K
16CATCATERPILLAR INChistory →COM1.96%$21M30.0K
17TERTERADYNE INChistory →COM1.92%$21M70.0K
18BWXTBWX TECHNOLOGIES INChistory →COM1.89%$20M100.0K
19AMSCAMERICAN SUPERCONDUCTOR CORPhistory →SHS NEW1.88%$20M600.0K
20AIIALMONTY INDS INChistory →COM NEW1.61%$17M1.20M
21MODMODINE MFG COhistory →COM1.60%$17M80.0K
22METAMETA PLATFORMS INChistory →CL A1.59%$17M30.0K
23DOCNDIGITALOCEAN HLDGS INChistory →COM1.59%$17M200.0K
24WCNWASTE CONNECTIONS INChistory →COM1.50%$16M100.0K
25KOPNKOPIN CORPhistory →COM1.46%$16M7.00M
26TXNTEXAS INSTRS INChistory →COM1.44%$16M80.0K
27GOOGLALPHABET INChistory →CAP STK CL A1.33%$14M50.0K
28AMATAPPLIED MATLS INChistory →COM1.26%$14M40.0K
29ANDGANDERSEN GROUP INChistory →CL A1.26%$14M500.0K
30ASML HLDG NVN Y REGISTRY SHS1.22%$13M10.0K
31TRMBTRIMBLE INChistory →COM1.21%$13M200.0K
32NXTNEXTPOWER INChistory →CLASS A COM1.11%$12M100.0K
33GARMIN LTDSHS1.07%$12M50.0K
34KAROOOOO LTDORD SHS0.99%$11M215.2K
35LRCXLAM RESEARCH CORPhistory →COM NEW0.99%$11M50.0K
36SHOPSHOPIFY INChistory →CL A SUB VTG SHS0.99%$11M90.0K
37CAMTEK LTDORD0.98%$11M70.0K
38BVBRIGHTVIEW HLDGS INChistory →COM0.93%$10M850.0K
39HNMORMAT TECHNOLOGIES INCCOM0.83%$9M80.0K
40ALNTALLIENT INCCOM0.82%$9M150.0K
41AXONAXON ENTERPRISE INCCOM0.79%$8M20.0K
42APPAPPLOVIN CORPCOM CL A0.74%$8M20.0K
43HLMNHILLMAN SOLUTIONS CORPCOM0.73%$8M950.0K
44QBTSD-WAVE QUANTUM INCCOM0.67%$7M500.0K
45BDSXBIODESIX INCCOM0.66%$7M489.8K
46TWLOTWILIO INCCL A0.58%$6M50.0K
47CDXSCODEXIS INCCOM0.58%$6M3.85M
48OVVOVINTIV INCCOM0.55%$6M100.0K
49NXENEXGEN ENERGY LTDCOM0.54%$6M500.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$1.1B53May 12, 202613F-HRchanges · EDGAR ↗
Q4 2025$1.0B56Feb 11, 202613F-HRchanges · EDGAR ↗
Q3 2025$1.1B47Nov 10, 202513F-HRchanges · EDGAR ↗
Q2 2025$1.1B49Aug 12, 202513F-HRchanges · EDGAR ↗
Q1 2025$764M47May 12, 202513F-HRchanges · EDGAR ↗
Q4 2024$1.0B54Feb 10, 202513F-HRchanges · EDGAR ↗
Q3 2024$990M56Nov 12, 202413F-HRchanges · EDGAR ↗
Q2 2024$1.1B58Aug 9, 202413F-HRchanges · EDGAR ↗
Q1 2024$968M63May 10, 202413F-HRchanges · EDGAR ↗
Q4 2023$671M47Feb 12, 202413F-HRchanges · EDGAR ↗
Q3 2023$659M48Nov 9, 202313F-HRchanges · EDGAR ↗
Q2 2023$737M49Aug 10, 202313F-HRchanges · EDGAR ↗
Q1 2023$673M43May 11, 202313F-HRchanges · EDGAR ↗
Q4 2022$659M38Feb 10, 202313F-HRchanges · EDGAR ↗
Q3 2022$637M39Nov 10, 202213F-HRchanges · EDGAR ↗
Q2 2022$591M39Aug 11, 202213F-HRchanges · EDGAR ↗
Q1 2022$1.1B55May 11, 202213F-HRchanges · EDGAR ↗
Q4 2021$1.4B52Feb 10, 202213F-HRchanges · EDGAR ↗
Q3 2021$1.4B56Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$1.3B68Aug 10, 202113F-HRchanges · EDGAR ↗
Q1 2021$1.2B64May 12, 202113F-HRchanges · EDGAR ↗
Q4 2020$965M52Feb 11, 202113F-HRchanges · EDGAR ↗
Q3 2020$827M59Nov 12, 202013F-HRchanges · EDGAR ↗
Q2 2020$632M56Aug 12, 202013F-HRchanges · EDGAR ↗
Q1 2020$419M46May 12, 202013F-HRchanges · EDGAR ↗
Q4 2019$690M50Feb 12, 202013F-HRchanges · EDGAR ↗
Q3 2019$639M38Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$872M41Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$792M37May 13, 201913F-HRchanges · EDGAR ↗
Q4 2018$487M24Feb 13, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.