Atreides Management, LP
Atreides Management, LP, managed by Gavin Baker, reported 46 positions worth $11.15B in its 2026 Q2 13F filing: 13 new and 18 closed.
Estimated return
Since 2025 Q2 the disclosed positions returned an estimated +191.0% against +34.4% for the S&P 500. Price-only return of the fund's top 100 US longs at each quarter start, vs the S&P 500 over the same windows. Not the fund's actual return (no trades, fees, shorts, derivatives, cash).
| Quarter | Fund | S&P 500 |
|---|---|---|
| 2025 Q2 | +37.8% | +11.4% |
| 2025 Q3 | +21.5% | +7.6% |
| 2025 Q4 | +6.7% | +3.1% |
| 2026 Q1 | -7.1% | -5.8% |
| 2026 Q2 | +75.3% | +15.5% |
Top holdings, 2026 Q2
| Ticker | Company | Value | Portfolio % | Change |
|---|---|---|---|---|
| SPCX | SPACE EXPLORATION TECHN CORP | $4.67B | 41.90% | NEW |
| MU | MICRON TECHNOLOGY INC | $821.12M | 7.40% | -6.5% |
| CBRS | CEREBRAS SYSTEMS INC | $687.33M | 6.20% | NEW |
| ALAB | ASTERA LABS INC | $587.74M | 5.30% | -63.8% |
| CIEN | CIENA CORP | $337.76M | 3.00% | +1.7% |
| CRDO | CREDO TECHNOLOGY GROUP HOLDI | $307.11M | 2.80% | +3.5% |
| PANW | PALO ALTO NETWORKS INC | $299.06M | 2.70% | +56.1% |
| U | UNITY SOFTWARE INC | $292.83M | 2.60% | -17.3% |
| COHR | COHERENT CORP | $253.29M | 2.30% | +1.7% |
| NVDA | NVIDIA CORPORATION | $249.97M | 2.20% | +0.1% |
| AMZN | AMAZON COM INC | $231.10M | 2.10% | +1.7% |
| META | META PLATFORMS INC | $226.88M | 2.00% | NEW |
| CRWV | COREWEAVE INC | $211.51M | 1.90% | +162.2% |
| GOOGL | ALPHABET INC | $174.50M | 1.60% | -12% |
| TWLO | TWILIO INC | $148.63M | 1.30% | -21.8% |
| APH | AMPHENOL CORP | $112.86M | 1.00% | NEW |
| AKAM | AKAMAI TECHNOLOGIES INC | $107.64M | 0.97% | +33.4% |
| AFRM | AFFIRM HLDGS INC | $103.82M | 0.93% | +6.6% |
| GTLB | GITLAB INC | $102.98M | 0.92% | NEW |
| INTC | INTEL CORP | $92.69M | 0.83% | +1.5% |
| SMTC | SEMTECH CORP | $89.21M | 0.80% | +1.7% |
| CIFR | CIPHER DIGITAL INC | $87.87M | 0.79% | NEW |
| TSLA | TESLA INC | $85.92M | 0.77% | +1.7% |
| DKS | DICKS SPORTING GOODS INC | $85.08M | 0.76% | -17.1% |
| W | WAYFAIR INC | $77.99M | 0.70% | -41% |
| AMBQ | AMBIQ MICRO INC | $77.45M | 0.69% | +1.7% |
| IOT | SAMSARA INC | $74.87M | 0.67% | NEW |
| ACVA | ACV AUCTIONS INC | $71.20M | 0.64% | +1.7% |
| COMP | COMPASS INC | $69.77M | 0.63% | +1.7% |
| WIX | WIX COM LTD | $66.17M | 0.59% | +124.2% |
| MA | MASTERCARD INCORPORATED | $48.09M | 0.43% | +88.8% |
| PDFS | PDF SOLUTIONS INC | $46.62M | 0.42% | NEW |
| TTAN | SERVICETITAN INC | $38.33M | 0.34% | NEW |
| FERG | FERGUSON ENTERPRISES INC | $35.07M | 0.31% | +1% |
| NOK | NOKIA CORP | $33.53M | 0.30% | +1.7% |
| ROG | ROGERS CORP | $31.00M | 0.28% | +1.7% |
| NTRA | NATERA INC | $28.34M | 0.25% | NEW |
| WRBY | WARBY PARKER INC | $21.20M | 0.19% | +1.7% |
| VECO | VEECO INSTRS INC DEL | $18.03M | 0.16% | +1.7% |
| NBIS | NEBIUS GROUP N.V. | $17.71M | 0.16% | +1.7% |
| INIO | INNIO NV | $13.79M | 0.12% | NEW |
| EQPT | EQUIPMENTSHARE COM INC | $4.27M | 0.04% | +1.7% |
| TBLA | TABOOLA.COM LTD | $4.18M | 0.04% | +1.7% |
| QNT | QUANTINUUM INC | $3.26M | 0.03% | NEW |
| FRVO | FERVO ENERGY CO | $291.10K | 0.00% | NEW |
| BTGO | BITGO HOLDINGS INC | $153.38K | 0.00% | +1.7% |
All funds · Hedge Fund Tracker
Source: SEC EDGAR 13F filings, reported as of quarter end and filed up to 45 days later. Not investment advice.