Telemark Asset Management 13F annual report
Telemark Asset Management is an investment fund managing more than $1.11 trillion ran by Brian Miley. There are currently 56 companies in Mr. Miley’s portfolio. The largest investments include NVIDIA Corp and Cameco, together worth $232 billion.
$1.11 trillion Assets Under Management (AUM)
As of 2nd August 2024, Telemark Asset Management’s top holding is 1,400,000 shares of NVIDIA Corp currently worth over $173 billion and making up 15.6% of the portfolio value.
Relative to the number of outstanding shares of NVIDIA Corp, Telemark Asset Management owns more than approximately 0.1% of the company.
In addition, the fund holds 1,200,000 shares of Cameco worth $59 billion, whose value fell 11.1% in the past six months.
The third-largest holding is Arm Holdings Plc worth $49.1 billion and the next is Amazon.com worth $48.3 billion, with 250,000 shares owned.
Currently, Telemark Asset Management's portfolio is worth at least $1.11 trillion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Telemark Asset Management
The Telemark Asset Management office and employees reside in Boston, Massachusetts. According to the last 13-F report filed with the SEC, Brian Miley serves as the Chief Financial Officer at Telemark Asset Management.
Recent trades
In the most recent 13F filing, Telemark Asset Management revealed that it had opened a new position in
Asml Holding N V and bought 20,000 shares worth $20.5 billion.
The investment fund also strengthened its position in NVIDIA Corp by buying
1,260,000 additional shares.
This makes their stake in NVIDIA Corp total 1,400,000 shares worth $173 billion.
NVIDIA Corp dropped 75.3% in the past year.
On the other hand, there are companies that Telemark Asset Management is getting rid of from its portfolio.
Telemark Asset Management closed its position in Towa Corp on 9th August 2024.
It sold the previously owned 400,000 shares for $28.2 billion.
Brian Miley also disclosed a decreased stake in Bowlero Corp by 0.2%.
This leaves the value of the investment at $19.9 billion and 1,375,000 shares.
One of the average hedge funds
The two most similar investment funds to Telemark Asset Management are Petrus Trust , Lta and Vicus Capital. They manage $1.11 trillion and $1.11 trillion respectively.
Brian Miley investment strategy
Telemark Asset Management’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Technology — making up 33.4% of
the total portfolio value.
The fund focuses on investments in the United States as
64.3% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
39% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $120 billion.
The complete list of Telemark Asset Management trades based on 13F SEC filings
These positions were updated on August 9th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| NVIDIA Corp |
900.00%
1,400,000
|
$172,956,000,000 | 15.63% |
| Cameco Corp. |
No change
1,200,000
|
$59,040,000,000 | 5.33% |
| Arm Holdings Plc |
No change
300,000
|
$49,086,000,000 | 4.43% |
| Amazon.com Inc. |
No change
250,000
|
$48,312,500,000 | 4.36% |
| Aspen Aerogels Inc. |
No change
1,492,424
|
$35,594,312,000 | 3.22% |
| Heico Corp. |
No change
265,000
|
$53,495,400,000 | 4.83% |
| Moderna Inc |
No change
250,000
|
$29,687,500,000 | 2.68% |
| Clean Harbors, Inc. |
No change
130,000
|
$29,399,500,000 | 2.66% |
| Towa Corp |
Closed
400,000
|
$28,200,469,000 | |
| Costar Group, Inc. |
40.00%
350,000
|
$25,949,000,000 | 2.34% |
| Meta Platforms Inc |
No change
50,000
|
$25,211,000,000 | 2.28% |
| Asml Holding N V |
Opened
20,000
|
$20,454,600,000 | 1.85% |
| Bowlero Corp |
20.29%
1,375,000
|
$19,923,750,000 | 1.80% |
| Innospec Inc |
No change
160,000
|
$19,774,400,000 | 1.79% |
| ServiceNow Inc |
No change
25,000
|
$19,666,750,000 | 1.78% |
| Garmin Ltd |
No change
120,000
|
$19,550,400,000 | 1.77% |
| Freeport-McMoRan Inc |
100.00%
400,000
|
$19,440,000,000 | 1.76% |
| Corning, Inc. |
Opened
500,000
|
$19,425,000,000 | 1.75% |
| ASML Holding NV |
Closed
20,000
|
$19,409,400,000 | |
| Verra Mobility Corporation |
No change
700,000
|
$19,040,000,000 | 1.72% |
| Alphabet Inc |
No change
100,000
|
$18,215,000,000 | 1.65% |
| Rxsight Inc |
50.50%
301,000
|
$18,111,170,000 | 1.64% |
| Microsoft Corporation |
No change
40,000
|
$17,878,000,000 | 1.62% |
| Taiwan Semiconductor Mfg Ltd |
33.33%
100,000
|
$17,381,000,000 | 1.57% |
| Ccc Intelligent Solutions Hl |
No change
1,500,000
|
$16,665,000,000 | 1.51% |
| Applied Matls Inc |
30.00%
70,000
|
$16,519,300,000 | 1.49% |
| Novanta Inc |
No change
100,000
|
$16,311,000,000 | 1.47% |
| Analog Devices Inc. |
Opened
70,000
|
$15,978,200,000 | 1.44% |
| Alcoa Corp |
300.00%
400,000
|
$15,912,000,000 | 1.44% |
| Lattice Semiconductor Corp. |
Closed
200,000
|
$15,646,000,000 | |
| Camtek Ltd |
31.43%
120,000
|
$15,028,800,000 | 1.36% |
| Axon Enterprise Inc |
No change
50,000
|
$14,712,000,000 | 1.33% |
| American Superconductor Corp. |
50.00%
600,000
|
$14,034,000,000 | 1.27% |
| NexGen Energy Ltd |
33.33%
2,000,000
|
$13,960,000,000 | 1.26% |
| First Solar Inc |
Opened
60,000
|
$13,527,600,000 | 1.22% |
| Biodesix Inc |
524.62%
8,282,490
|
$12,672,210,000 | 1.14% |
| Super Micro Computer Inc |
No change
15,000
|
$12,290,250,000 | 1.11% |
| Waste Connections Inc |
No change
70,000
|
$12,275,200,000 | 1.11% |
| Onto Innovation Inc. |
26.67%
55,000
|
$12,075,800,000 | 1.09% |
| Vertex Pharmaceuticals, Inc. |
Opened
25,000
|
$11,718,000,000 | 1.06% |
| Uber Technologies Inc |
50.00%
150,000
|
$10,902,000,000 | 0.98% |
| Southern Copper Corporation |
1.04%
101,040
|
$10,886,050,000 | 0.98% |
| Spdr Gold Tr |
No change
50,000
|
$10,750,500,000 | 0.97% |
| Adobe Inc |
Closed
20,000
|
$10,092,000,000 | |
| BWX Technologies Inc |
100.00%
100,000
|
$9,500,000,000 | 0.86% |
| BrightView Holdings Inc |
3,400.00%
700,000
|
$9,310,000,000 | 0.84% |
| General Mtrs Co |
Opened
200,000
|
$9,292,000,000 | 0.84% |
| Microchip Technology, Inc. |
Opened
100,000
|
$9,150,000,000 | 0.83% |
| Salesforce Inc |
Closed
30,000
|
$9,035,400,000 | |
| Teradyne, Inc. |
Opened
60,000
|
$8,897,400,000 | 0.80% |
| Codexis Inc. |
No change
2,696,411
|
$8,358,874,000 | 0.76% |
| MongoDB Inc |
Closed
20,000
|
$7,172,800,000 | |
| KLA Corp. |
Closed
10,000
|
$6,985,700,000 | |
| Dexcom Inc |
Closed
50,000
|
$6,935,000,000 | |
| Micron Technology Inc. |
Opened
50,000
|
$6,576,500,000 | 0.59% |
| Phillips 66 |
Closed
40,000
|
$6,533,600,000 | |
| Lantheus Holdings Inc |
48.39%
80,000
|
$6,423,200,000 | 0.58% |
| ZoomInfo Technologies Inc. |
Closed
400,000
|
$6,412,000,000 | |
| Hillman Solutions Corp |
12.90%
700,000
|
$6,195,000,000 | 0.56% |
| Texas Instrs Inc |
Opened
30,000
|
$5,835,900,000 | 0.53% |
| Techtarget Inc. |
20.00%
180,000
|
$5,610,600,000 | 0.51% |
| Advanced Micro Devices Inc. |
Closed
30,000
|
$5,414,700,000 | |
| Flywire Corp |
Closed
200,000
|
$4,962,000,000 | |
| Enphase Energy Inc |
Closed
40,000
|
$4,839,200,000 | |
| Mastercard Incorporated |
Closed
10,000
|
$4,815,700,000 | |
| Altus Power Inc |
No change
1,200,000
|
$4,704,000,000 | 0.42% |
| Veeco Instrs Inc Del |
Opened
100,000
|
$4,671,000,000 | 0.42% |
| Vertiv Holdings Co |
Closed
50,000
|
$4,083,500,000 | |
| Franco Nev Corp |
Opened
30,000
|
$3,555,600,000 | 0.32% |
| Udemy Inc |
Closed
300,000
|
$3,294,000,000 | |
| Asm International Nv |
Closed
5,000
|
$3,053,737,000 | |
| Trimble Inc |
No change
50,000
|
$2,796,000,000 | 0.25% |
| Advanced Energy Inds |
Opened
20,000
|
$2,175,200,000 | 0.20% |
| Silex Systems Ltd |
Closed
500,000
|
$1,672,508,000 | |
| Lundin Mining Corp |
Closed
100,000
|
$1,023,256,000 | |
| No transactions found | |||
| Showing first 500 out of 75 holdings | |||
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