Telemark Asset Management's Q4 report shows increased investments in Moderna and Cameco Corp. while decreasing holdings in tech companies such as Amazon and Codexis.
Ava Hoppe | 20 April, 2023
Telemark Asset Management, LLC released their Q3 2022 vs. Q4 2022 13F Holdings Comparison report, which contains valuable insights regarding the changes in their holdings. The report shows the number of shares held and their value in Q3 2022 compared to Q4 2022, alongside the percentage change between the two periods. In this blog post, we will analyze and summarize the changes in the holdings of the fund based on the available data.
Starting with the most significant change, the fund has increased its holdings in Moderna Inc., a biotechnology company that develops vaccines, including the highly effective COVID-19 vaccine. The fund bought 50,000 additional shares during the quarter, increasing its holdings by 20% and the value by 82.3%. This increase suggests that the fund has confidence in the company's ability to continue its success and bring more innovative medical solutions to the market.
Moving on to Hess Corp, an exploration and production company. The fund maintained its holdings of 350,000 shares in Q4 2022, similar to the previous quarter. However, the value of the holdings increased by 30.1%, indicating a positive outlook for the company's future.
Another interesting finding is the decrease in holdings of Waste Connections Inc., a company that provides waste collection and recycling services. The fund sold 30,000 shares during the quarter, reducing its holdings from 230,000 to 200,000, resulting in a 14.7% decrease in value. The reason for the sale is unknown, but it could indicate that the fund may see better potential in other investment opportunities.
Similarly, the fund decreased its holdings in Enphase Energy Inc, a company that develops and manufactures solar energy solutions, from 110,000 to 90,000 shares (a 21.9% decrease). The value also decreased by 21.9%, suggesting that the fund may not see as much potential for growth in this industry.
In contrast, Telemark increased its holdings in Franco-Nevada Corp., a company that specializes in gold investments. The fund bought 10,000 additional shares during the quarter, increasing its holdings by 4.3% and the value by 9.3%. The increase in holdings may suggest that the fund sees the potential for continued growth in the gold market.
The fund also saw a significant change in its holdings of Cameco Corp., a company that explores and develops uranium properties. The fund bought an impressive 500,000 shares of Cameco Corp., increasing its holdings by 166.7% and the value by 128%. This significant investment in Cameco Corp. may suggest that the fund is bullish on the uranium market and sees potential for growth.
Telemark Asset Management, LLC decreased its holdings in some technology companies, including the well-known Amazon.com Inc. and Codexis Inc. Amazon.com has been a popular investment choice for many funds in the past, but the number of shares held decreased from 200,000 to 200,000, and the value decreased by 25.7%. Similarly, Telemark Asset Management, LLC reduced its holdings of Codexis Inc. by 250,000 shares, resulting in a 25.9% decrease in value. The decrease in holdings of these technology companies could indicate that the fund may be reassessing the growth potential of these companies.
In conclusion, Telemark Asset Management, LLC's Q3 2022 vs. Q4 2022 13F Holdings Comparison presents intriguing insights into the fund's investment strategy. The fund increased its holdings in Moderna Inc. and Cameco Corp. while decreasing its holdings in some technology companies, which could indicate that the fund is changing its focus towards other industries with better potential for growth. Overall, investors can use this report to gain more insight into the trends and movements of the fund's investments and make better-informed investment decisions.
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