Atreides Management (Gavin Baker) latest 13F portfolio: 54 holdings worth $4.1B as of Q1 2026.
Backtested since 2020: mirroring Atreides Management's reported 13F equity holdings each quarter would have returned +401.9% versus +185.9%for the S&P 500 (+29.6% annualized). See the Performance tab for the full equity curve.
Investor: Gavin Baker
Number of Assets: 54
Reporting Period: Q1 - 2026
Holdings at Report: $4,104,676,244
Return $ Since Report: +$2,487,145,322
Return % Since Report: +60.59%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Invesco QQQ Trust (QQQ) | Put | -60.00% | 1,400,000 | N/A | $577.18 | N/A | $808,052,000 | N/A | N/A | N/A |
| Echostar Corp. (SATS) | Equity | +11.02% | 1,000,346 | 2.85% | $117.07 | $103.92 | $117,110,506 | $103,950,955 | -$13,159,551 | -11.24% |
| Unity Software Inc. (U) | Call | -59.46% | 1,500,000 | N/A | $21.94 | N/A | $32,910,000 | N/A | N/A | N/A |
| Roblox Corporation (RBLX) | Call | +100% | 1,000,000 | N/A | $56.56 | N/A | $56,560,000 | N/A | N/A | N/A |
| Chime Financial Inc. (CHYM) | Equity | +7.91% | 1,622,734 | 0.74% | $18.73 | $29.10 | $30,393,808 | $47,221,559 | +$16,827,751 | +55.37% |
| Coherent Corp. (COHR) | Equity | -48.90% | 631,159 | 3.66% | $238.21 | $379.13 | $150,348,385 | $239,291,312 | +$88,942,927 | +59.16% |
| Compass Inc. (COMP) | Equity | -36.24% | 5,561,998 | 0.99% | $7.31 | $12.58 | $40,658,205 | $69,969,935 | +$29,311,730 | +72.09% |
| CoreWeave Inc. (CRWV) | Equity | +33.73% | 810,535 | 1.53% | $77.47 | $90.67 | $62,792,146 | $73,491,208 | +$10,699,062 | +17.04% |
| Hubspot Inc. (HUBS) | Equity | +100% | 232,115 | 1.38% | $244.10 | $210.45 | $56,659,272 | $48,848,602 | -$7,810,670 | -13.79% |
| Intel Corp. (INTC) | Equity | +35.10% | 653,792 | 0.70% | $44.13 | $101.65 | $28,851,841 | $66,457,957 | +$37,606,116 | +130.34% |
| ACV Auctions Inc. (ACVA) | Equity | -21.57% | 9,734,467 | 1.01% | $4.24 | $7.46 | $41,274,140 | $72,619,124 | +$31,344,984 | +75.94% |
| Aerovironment Inc. (AVAV) | Equity | +100% | 161,675 | 0.72% | $183.05 | $186.73 | $29,594,609 | $30,189,573 | +$594,964 | +2.01% |
| Affirm Holdings Inc. (AFRM) | Equity | -13.74% | 1,194,711 | 1.33% | $45.82 | $75.25 | $54,741,658 | $89,902,003 | +$35,160,345 | +64.23% |
| Ambiq Micro INC (AMBQ) | Equity | +23.80% | 862,175 | 0.53% | $25.41 | $67.49 | $21,907,867 | $58,188,191 | +$36,280,324 | +165.60% |
| Bitgo Holdings INC (BTGO) | Equity | +100% | 29,106 | 0.01% | $8.23 | $5.06 | $239,542 | $147,276 | -$92,266 | -38.52% |
| Equipmentshare COM INC (EQPT) | Equity | +100% | 213,431 | 0.11% | $20.37 | $20.46 | $4,347,589 | $4,366,798 | +$19,209 | +0.44% |
| Ferguson Enterprises Inc. (FERG) | Equity | -17.74% | 146,355 | 0.83% | $233.26 | $256.69 | $34,138,767 | $37,567,865 | +$3,429,098 | +10.04% |
| Globalfoundries Inc. (GFS) | Equity | +100% | 474,593 | 0.51% | $44.48 | $53.93 | $21,109,897 | $25,594,800 | +$4,484,903 | +21.25% |
| Palo Alto Networks Inc. (PANW) | Equity | +100% | 561,797 | 2.19% | $160.32 | $363.86 | $90,067,295 | $204,415,456 | +$114,348,161 | +126.96% |
| Credo Technology Group Holding Ltd (CRDO) | Equity | +100% | 1,091,233 | 2.50% | $93.87 | $249.89 | $102,434,042 | $272,688,214 | +$170,254,172 | +166.21% |
| Dick'S Sporting Goods Inc. (DKS) | Equity | -7.80% | 452,531 | 2.19% | $198.29 | $208.84 | $89,732,372 | $94,506,574 | +$4,774,202 | +5.32% |
| Akamai Technologies Inc. (AKAM) | Equity | +100% | 682,837 | 1.91% | $114.85 | $110.54 | $78,423,829 | $75,480,802 | -$2,943,027 | -3.75% |
| Alphabet Inc. (GOOGL) | Equity | +7.91% | 555,023 | 3.89% | $287.56 | $354.30 | $159,602,414 | $196,644,649 | +$37,042,235 | +23.21% |
| Amazon.com Inc. (AMZN) | Equity | +38.64% | 953,560 | 4.84% | $208.27 | $274.48 | $198,597,941 | $261,733,149 | +$63,135,208 | +31.79% |
| Astera Labs Inc. (ALAB) | Equity | +108.90% | 3,365,787 | 8.99% | $109.60 | $334.17 | $368,890,255 | $1,124,745,042 | +$755,854,787 | +204.90% |
| Axon Enterprise Inc. (AXON) | Equity | -3.20% | 102,095 | 1.06% | $424.69 | $571.01 | $43,358,726 | $58,297,266 | +$14,938,540 | +34.45% |
| Ciena Corp. (CIEN) | Equity | -52.61% | 676,807 | 6.40% | $388.23 | $412.39 | $262,756,782 | $279,108,439 | +$16,351,657 | +6.22% |
| Jfrog Ltd. (FROG) | Equity | +37.28% | 554,987 | 0.63% | $46.93 | $89.52 | $26,045,540 | $49,682,436 | +$23,636,896 | +90.75% |
| Lumentum Holdings Inc. (LITE) | Equity | -30.15% | 267,389 | 4.58% | $702.76 | $890.17 | $187,910,294 | $238,021,666 | +$50,111,372 | +26.67% |
| Mastercard Inc. (MA) | Equity | +7.93% | 49,604 | 0.60% | $499.66 | $562.95 | $24,785,135 | $27,924,572 | +$3,139,437 | +12.67% |
| Micron Technology Inc. (MU) | Equity | +2.91% | 760,426 | 6.26% | $337.84 | $877.57 | $256,902,320 | $667,327,045 | +$410,424,725 | +159.76% |
| Nebius Group Nv (NBIS) | Equity | +100% | 63,068 | 0.16% | $103.76 | $187.97 | $6,543,936 | $11,854,892 | +$5,310,956 | +81.16% |
| Nokia Oyj (NOK) | Equity | +100% | 2,481,947 | 0.49% | $8.04 | $9.36 | $19,954,854 | $23,231,024 | +$3,276,170 | +16.42% |
| Nvidia Corp. (NVDA) | Equity | -35.15% | 1,248,592 | 5.31% | $174.40 | $223.96 | $217,754,445 | $279,634,664 | +$61,880,219 | +28.42% |
| Rubrik Inc. (RBRK) | Equity | -36.71% | 566,454 | 0.68% | $48.97 | $90.07 | $27,739,252 | $51,020,512 | +$23,281,260 | +83.93% |
| Tesla Inc. (TSLA) | Equity | +7.93% | 200,795 | 1.82% | $371.75 | $328.58 | $74,645,541 | $65,977,221 | -$8,668,320 | -11.61% |
| Twilio Inc. (TWLO) | Equity | +28.55% | 921,602 | 2.82% | $125.82 | $241.28 | $115,955,964 | $222,364,131 | +$106,408,167 | +91.77% |
| Veeco Instruments Inc. (VECO) | Equity | +100% | 233,923 | 0.19% | $33.86 | $52.79 | $7,920,633 | $12,347,626 | +$4,426,993 | +55.89% |
| Visa Inc. (V) | Equity | +100% | 71,641 | 0.53% | $302.24 | $362.50 | $21,652,776 | $25,969,863 | +$4,317,086 | +19.94% |
| Vistra Corp. (VST) | Equity | +100% | 523,788 | 1.92% | $150.33 | $140.59 | $78,741,050 | $73,639,355 | -$5,101,695 | -6.48% |
| Warby Parker Inc. (WRBY) | Equity | +74.77% | 686,995 | 0.35% | $21.07 | $26.46 | $14,474,985 | $18,177,888 | +$3,702,903 | +25.58% |
| Wayfair Inc. (W) | Equity | +64.32% | 1,430,997 | 2.62% | $75.21 | $106.60 | $107,625,284 | $152,544,280 | +$44,918,996 | +41.74% |
| Wingstop Inc. (WING) | Equity | -30.69% | 270,303 | 1.02% | $154.97 | $116.82 | $41,888,856 | $31,575,445 | -$10,313,411 | -24.62% |
| Rogers Corp. (ROG) | Equity | +8.24% | 186,085 | 0.49% | $107.33 | $134.49 | $19,972,503 | $25,026,572 | +$5,054,069 | +25.31% |
| Wix.com Ltd (WIX) | Equity | -47.86% | 650,414 | 1.43% | $90.07 | $60.20 | $58,582,789 | $39,154,923 | -$19,427,866 | -33.16% |
| Zoom Communications Inc. (ZM) | Equity | +100% | 1,315,605 | 2.58% | $80.39 | $104.50 | $105,761,486 | $137,480,723 | +$31,719,236 | +29.99% |
| Ralph Lauren Corp. (RL) | Equity | +1.00% | 128,837 | 1.08% | $343.99 | $395.53 | $44,318,640 | $50,958,899 | +$6,640,259 | +14.98% |
| Roblox Corp. (RBLX) | Equity | +255.19% | 1,383,703 | 1.91% | $56.56 | $37.79 | $78,262,242 | $52,290,136 | -$25,972,106 | -33.19% |
| Rocket Companies Inc. (RKT) | Equity | +69.74% | 6,114,947 | 2.12% | $14.25 | $13.72 | $87,137,995 | $83,897,073 | -$3,240,922 | -3.72% |
| Semtech Corp. (SMTC) | Equity | -21.66% | 541,812 | 1.01% | $76.89 | $139.42 | $41,659,925 | $75,539,429 | +$33,879,504 | +81.32% |
| Snowflake Inc. (SNOW) | Equity | -69.75% | 144,818 | 0.53% | $150.82 | $330.49 | $21,841,451 | $47,860,901 | +$26,019,450 | +119.13% |
| Synopsys Inc. (SNPS) | Equity | +100% | 136,925 | 1.32% | $396.48 | $415.99 | $54,288,024 | $56,959,431 | +$2,671,407 | +4.92% |
| Taboola.Com Ltd. (TBLA) | Equity | +11.19% | 820,797 | 0.06% | $3.10 | $4.10 | $2,544,471 | $3,365,268 | +$820,797 | +32.26% |
| Unity Software Inc. (U) | Equity | +86.94% | 12,385,322 | 6.62% | $21.94 | $43.00 | $271,733,965 | $532,568,846 | +$260,834,881 | +95.99% |