Telemark Asset Management

Telemark Asset Management as of March 31, 2012

Portfolio Holdings for Telemark Asset Management

Telemark Asset Management holds 50 positions in its portfolio as reported in the March 2012 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
SPDR Gold Trust (GLD) 7.0 $18M 110k 162.12
Green Plains Renewable Energy (GPRE) 6.1 $16M 1.5M 10.79
Amazon (AMZN) 5.9 $15M 75k 202.51
Clean Harbors (CLH) 5.2 $14M 200k 67.33
Goldcorp 4.7 $12M 270k 45.06
Golar Lng (GLNG) 4.2 $11M 280k 38.05
Verizon Communications (VZ) 3.4 $8.6M 225k 38.23
Amerigon Incorporated 3.2 $8.3M 515k 16.18
Royal Gold (RGLD) 3.2 $8.2M 125k 65.22
Informatica Corporation 3.1 $7.9M 150k 52.90
Cepheid 2.8 $7.1M 170k 41.83
Marvell Technology Group 2.8 $7.1M 450k 15.73
Credit Acceptance (CACC) 2.6 $6.6M 65k 101.02
Kansas City Southern 2.5 $6.5M 90k 71.69
Old Dominion Freight Line (ODFL) 2.4 $6.2M 130k 47.67
Apple (AAPL) 2.3 $6.0M 10k 599.60
Market Vectors Gold Miners ETF 2.3 $5.9M 120k 49.54
Kenmare Resources 2.2 $5.6M 7.0M 0.80
Waste Connections 2.2 $5.5M 170k 32.53
J.B. Hunt Transport Services (JBHT) 2.1 $5.4M 100k 54.37
D.R. Horton (DHI) 2.1 $5.3M 350k 15.17
Simpson Manufacturing (SSD) 1.9 $4.8M 150k 32.25
Eldorado Gold Corp 1.9 $4.8M 350k 13.74
HMS Holdings 1.8 $4.7M 150k 31.21
Landstar System (LSTR) 1.8 $4.6M 80k 57.72
Barrick Gold Corp (GOLD) 1.7 $4.3M 100k 43.48
Newmont Mining Corporation (NEM) 1.4 $3.6M 70k 51.27
Home Depot (HD) 1.4 $3.5M 70k 50.31
Wells Fargo & Company (WFC) 1.3 $3.4M 100k 34.14
Assisted Living Concepts 1.3 $3.3M 200k 16.61
Golar Lng Partners Lp unit 1.3 $3.3M 90k 37.12
Pier 1 Imports 1.1 $2.7M 150k 18.18
USG Corporation 1.0 $2.6M 150k 17.20
Martin Marietta Materials (MLM) 1.0 $2.6M 30k 85.63
Toll Brothers (TOL) 0.9 $2.4M 100k 23.99
Garmin (GRMN) 0.9 $2.3M 50k 46.98
LeCROY Corporation 0.8 $2.1M 200k 10.39
Kennedy-Wilson Holdings (KW) 0.8 $2.0M 150k 13.50
Pacific Ethanol 0.8 $2.0M 1.8M 1.10
BroadSoft 0.8 $1.9M 50k 38.26
Owens Corning (OC) 0.7 $1.8M 50k 36.04
Lowe's Companies (LOW) 0.6 $1.6M 50k 31.38
salesforce (CRM) 0.6 $1.5M 10k 154.50
Quanex Building Products Corporation (NX) 0.6 $1.4M 80k 17.62
Vitran Corp 0.4 $958k 120k 7.98
Pulte (PHM) 0.3 $885k 100k 8.85
Masco Corporation (MAS) 0.3 $669k 50k 13.38
Aixtron 0.2 $520k 30k 17.33
Tennant Company (TNC) 0.2 $440k 10k 44.00
Great Lakes Dredge & Dock Corporation (GLDD) 0.1 $361k 50k 7.22