AI Portfolio Summary
In 2025 Q4, Telemark Asset Management, LLC maintained a portfolio of 61 distinct positions. The most significant new addition to the portfolio was PALANTIR TECHNOLOGIE, which now represents 1.78% of the total fund value. They heavily accumulated shares in NOVANTA INC, increasing their position by 50.0%. The fund also reduced its exposure to RANGE RES CORP by 50.0%.
Total Positions
61
Quarter
2025 Q4
Top Holding
NVDA (11.2%)
Top 10 Concentration
47.4%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 61
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
NVDA
NVIDIA CORPORAT...
|
Technology | 11.18% | 10.63% |
#1
Prev: #1
|
7.0 | no change | no change |
P
S
|
600,000 | $111,900,000 | 2019 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CCJ
CAMECO CORP
|
Energy | 9.14% | 7.96% |
#2
Prev: #2
|
6.2 | no change | no change |
P
S
|
1,000,000 | $91,490,000 | 2009 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AMZN
AMAZON COM INC
|
Consumer Cyclical | 4.61% | 4.17% |
#3
3
Prev: #6
|
3.8 | no change | no change |
P
S
|
200,000 | $46,164,000 | 2009 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
HEI
HEICO CORP NEW
|
Industrials | 4.52% | 4.29% |
#4
Prev: #4
|
3.3 | no change | no change |
P
S
|
140,000 | $45,302,600 | 2015 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NOVT
NOVANTA INC
|
Technology | 4.46% | 2.38% |
#5
8
Prev: #13
|
5.3 | 125,000 | 50.0% |
P
S
|
375,000 | $44,621,250 | 2016 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
HEI/A
HEICO CORP NEW
|
Industrials | 3.15% | 3.01% |
#6
4
Prev: #10
|
2.3 | no change | no change |
P
S
|
125,000 | $31,553,750 | 2016 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TSM
TAIWAN SEMICOND...
|
Technology | 3.04% | 3.18% |
#7
1
Prev: #8
|
1.7 | -20,000 | -16.7% |
P
S
|
100,000 | $30,389,000 | 2023 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
META
META PLATFORMS ...
|
Communication Services | 2.64% | 4.18% |
#8
3
Prev: #5
|
1.1 | -20,000 | -33.3% |
P
S
|
40,000 | $26,403,600 | 2012 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TRMB
TRIMBLE INC
|
Technology | 2.35% | 2.32% |
#9
7
Prev: #16
|
1.9 | no change | no change |
P
S
|
300,000 | $23,505,000 | 2016 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ADI
ANALOG DEVICES ...
|
Technology | 2.30% | 2.33% |
#10
5
Prev: #15
|
1.4 | -15,000 | -15.0% |
P
S
|
85,000 | $23,052,000 | 2009 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MCHP
MICROCHIP TECHN...
|
Technology | 2.23% | 1.83% |
#11
13
Prev: #24
|
2.9 | 50,000 | 16.7% |
P
S
|
350,000 | $22,302,000 | 2020 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
WCN
WASTE CONNECTIO...
|
Industrials | 2.10% | 2.50% |
#12
1
Prev: #11
|
0.8 | -30,000 | -20.0% |
P
S
|
120,000 | $21,043,200 | 2021 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SHOP
SHOPIFY INC
|
Technology | 2.09% | 1.83% |
#13
10
Prev: #23
|
1.8 | no change | no change |
P
S
|
130,000 | $20,926,100 | 2015 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
FNV
FRANCO NEV CORP
|
Basic Materials | 2.07% | 3.17% |
#14
5
Prev: #9
|
0.8 | -50,000 | -33.3% |
P
S
|
100,000 | $20,728,000 | 2009 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CLH
CLEAN HARBORS I...
|
Industrials | 1.87% | 2.42% |
#15
3
Prev: #12
|
0.7 | -30,000 | -27.3% |
P
S
|
80,000 | $18,758,400 | 2007 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AMSC
AMERICAN SUPERC...
|
Industrials | 1.78% | 3.89% |
#16
9
Prev: #7
|
1.2 | -70,100 | -10.2% |
P
S
|
619,900 | $17,840,722 | 2008 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
PLTR
PALANTIR TECHNO...
|
Technology | 1.78% | — |
#17
Prev: #—
|
4.2 | 100,000 | no change |
NEW
|
100,000 | $17,775,000 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GLW
CORNING INC
|
Technology | 1.75% | 1.87% |
#18
4
Prev: #22
|
1.2 | -40,000 | -16.7% |
P
S
|
200,000 | $17,512,000 | 2019 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BWXT
BWX TECHNOLOGIE...
|
Industrials | 1.73% | 2.19% |
#19
1
Prev: #18
|
0.7 | -25,000 | -20.0% |
P
S
|
100,000 | $17,284,000 | 2019 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MDB
MONGODB INC
|
Technology | 1.68% | — |
#20
Prev: #—
|
4.2 | 40,000 | no change |
NEW
|
40,000 | $16,787,600 | 2021 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
KOPN
KOPIN CORP
|
Technology | 1.64% | 1.15% |
#21
12
Prev: #33
|
3.2 | 2,000,000 | 40.0% |
P
S
|
7,000,000 | $16,380,000 | 2018 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
EQT
EQT CORP
|
Energy | 1.61% | 2.32% |
#22
5
Prev: #17
|
0.6 | -150,000 | -33.3% |
P
S
|
300,000 | $16,080,000 | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GOOGL
ALPHABET INC
|
Communication Services | 1.56% | 1.15% |
#23
9
Prev: #32
|
1.6 | no change | no change |
P
S
|
50,000 | $15,650,000 | 2015 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MSFT
MICROSOFT CORP
|
Technology | 1.45% | 0.49% |
#24
19
Prev: #43
|
3.6 | 20,000 | 200.0% |
P
S
|
30,000 | $14,508,600 | 2017 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TER
TERADYNE INC
|
Technology | 1.35% | 0.91% |
#25
12
Prev: #37
|
1.5 | no change | no change |
P
S
|
70,000 | $13,549,200 | 2009 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
APP
APPLOVIN CORP
|
Communication Services | 1.35% | — |
#26
Prev: #—
|
4.0 | 20,000 | no change |
NEW
|
20,000 | $13,476,400 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MOD
MODINE MFG CO
|
Consumer Cyclical | 1.33% | — |
#27
Prev: #—
|
4.0 | 100,000 | no change |
NEW
|
100,000 | $13,351,000 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
FSLR
FIRST SOLAR INC
|
Technology | 1.30% | — |
#28
Prev: #—
|
4.0 | 50,000 | no change |
NEW
|
50,000 | $13,061,500 | 2008 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
WGS
GENEDX HOLDINGS...
|
Healthcare | 1.30% | 1.23% |
#29
3
Prev: #26
|
1.0 | -20,000 | -16.7% |
P
S
|
100,000 | $13,006,000 | 2025 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SHLS
SHOALS TECHNOLO...
|
Technology | 1.27% | 0.70% |
#30
11
Prev: #41
|
3.5 | 500,000 | 50.0% |
P
S
|
1,500,000 | $12,750,000 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MIR
MIRION TECHNOLO...
|
Industrials | 1.17% | 1.10% |
#31
3
Prev: #34
|
1.5 | no change | no change |
P
S
|
500,000 | $11,710,000 | 2024 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ALMTF
ALMONTY INDS IN...
|
Unknown | 1.14% | 0.74% |
#32
8
Prev: #40
|
1.5 | no change | no change |
P
S
|
1,300,000 | $11,453,000 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AXON
AXON ENTERPRISE...
|
Industrials | 1.13% | 2.04% |
#33
13
Prev: #20
|
0.5 | -10,000 | -33.3% |
P
S
|
20,000 | $11,358,600 | 2017 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ASML
ASML HOLDING N ...
|
Technology | 1.07% | 0.37% |
#34
10
Prev: #44
|
3.4 | 6,000 | 150.0% |
P
S
|
10,000 | $10,698,600 | 2021 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
RRC
RANGE RES CORP
|
Energy | 1.06% | 2.14% |
#35
16
Prev: #19
|
0.4 | -300,000 | -50.0% |
P
S
|
300,000 | $10,578,000 | 2013 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AMAT
APPLIED MATLS I...
|
Technology | 1.03% | — |
#36
Prev: #—
|
3.9 | 40,000 | no change |
NEW
|
40,000 | $10,279,600 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
KARO
KAROOOOO LTD
|
Technology | 1.02% | 1.22% |
#37
8
Prev: #29
|
1.4 | no change | no change |
P
S
|
225,150 | $10,244,325 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GRMN
GARMIN LTD
|
Technology | 1.01% | 2.34% |
#38
24
Prev: #14
|
0.4 | -50,000 | -50.0% |
P
S
|
50,000 | $10,142,500 | 2011 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
DOCN
DIGITALOCEAN HL...
|
Technology | 0.96% | — |
#39
Prev: #—
|
3.9 | 200,000 | no change |
NEW
|
200,000 | $9,624,000 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ORA
ORMAT TECHNOLOG...
|
Utilities | 0.88% | — |
#40
Prev: #—
|
3.9 | 80,000 | no change |
NEW
|
80,000 | $8,837,600 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
LRCX
LAM RESEARCH CO...
|
Technology | 0.85% | 0.32% |
#41
4
Prev: #45
|
3.3 | 25,000 | 100.0% |
P
S
|
50,000 | $8,559,000 | 2011 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BV
BRIGHTVIEW HLDG...
|
Industrials | 0.82% | 1.46% |
#42
17
Prev: #25
|
0.3 | -500,000 | -43.5% |
P
S
|
650,000 | $8,235,500 | 2024 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
HLMN
HILLMAN SOLUTIO...
|
Industrials | 0.82% | 0.87% |
#43
5
Prev: #38
|
0.8 | -50,000 | -5.0% |
P
S
|
950,000 | $8,227,000 | 2023 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ALNT
ALLIENT INC
|
Technology | 0.81% | — |
#44
Prev: #—
|
3.8 | 150,000 | no change |
NEW
|
150,000 | $8,062,500 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CAMT
CAMTEK LTD
|
Technology | 0.74% | 0.30% |
#45
1
Prev: #46
|
3.3 | 40,000 | 133.3% |
P
S
|
70,000 | $7,444,150 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CLBT
CELLEBRITE DI L...
|
Technology | 0.72% | 1.06% |
#46
11
Prev: #35
|
0.3 | -200,000 | -33.3% |
P
S
|
400,000 | $7,212,000 | 2021 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CDXS
CODEXIS INC
|
Healthcare | 0.63% | 0.93% |
#47
11
Prev: #36
|
0.8 | -153,589 | -3.8% |
P
S
|
3,846,411 | $6,269,650 | 2017 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BETA
BETA TECHNOLOGI...
|
Industrials | 0.56% | — |
#48
Prev: #—
|
3.7 | 200,000 | no change |
NEW
|
200,000 | $5,642,000 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ARM
ARM HOLDINGS PL...
|
Technology | 0.55% | 0.67% |
#49
7
Prev: #42
|
1.2 | no change | no change |
P
S
|
50,000 | $5,465,500 | 2023 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ASPI
ASP ISOTOPES IN...
|
Basic Materials | 0.44% | 1.21% |
#50
20
Prev: #30
|
0.2 | -500,000 | -37.7% |
P
S
|
825,000 | $4,413,750 | 2024 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) |
Showing 1-50 of 61 holdings