Telemark Asset Management, LLC

Q4 2025 13F-HR Holdings

Location
Boston, MA
Holdings as of
12/31/2025
Date filed
2/11/2026
Form type
13F-HR
Num holdings
56
Total value ($000)
$1,001,184
Net value change ($000)
-52,387 (-5.0%)
New positions
14
Sold out positions
5
Turnover %
23.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/10/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
NOVT 19,583 78.2%
PLTR 17,775 NEW
MDB 16,788 NEW
APP 13,476 NEW
MOD 13,351 NEW
FSLR 13,062 NEW
AMAT 10,280 NEW
DOCN 9,624 NEW
MSFT 9,329 180.1%
ORA 8,838 NEW
Top Reduces (Value $000, Stocks/ETFs)
CSGP -46,404 -100.0%
AMSC -23,138 -56.5%
TWLO -20,018 -100.0%
META -17,659 -40.1%
GARMIN LTD -14,479 -58.8%
FFIV -12,928 -100.0%
MRNA -12,915 -100.0%
FNV -12,709 -38.0%
RRC -12,006 -53.2%
AXON -10,170 -47.2%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
Filter:
Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type