Atreides Management (Gavin Baker) latest 13F portfolio: 49 holdings worth $11.1B as of Q2 2026.
Backtested since 2020: mirroring Atreides Management's reported 13F equity holdings each quarter would have returned +419.6% versus +186.6%for the S&P 500 (+29.6% annualized). See the Performance tab for the full equity curve.
Investor: Gavin Baker
Number of Assets: 49
Reporting Period: Q2 - 2026
Holdings at Report: $11,148,289,162
Return $ Since Report: -$588,632,419
Return % Since Report: -5.28%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Alphabet Inc. (GOOGL) | Equity | -12.02% | 488,296 | 1.57% | $357.37 | $351.16 | $174,502,342 | $171,470,023 | -$3,032,319 | -1.74% |
| Bitgo Holdings INC (BTGO) | Equity | +1.74% | 29,611 | 0.00% | $5.18 | $8.28 | $153,385 | $245,179 | +$91,794 | +59.85% |
| Cipher Mining Inc. (CIFR) | Equity | +100% | 3,586,409 | 0.79% | $24.50 | $19.09 | $87,867,021 | $68,464,548 | -$19,402,473 | -22.08% |
| Fervo Energy CO (FRVO) | Equity | +100% | 9,959 | 0.00% | $29.23 | $16.44 | $291,102 | $163,726 | -$127,376 | -43.76% |
| Nvidia Corp. (NVDA) | Equity | +0.06% | 1,249,291 | 2.24% | $200.09 | $228.87 | $249,970,636 | $285,925,231 | +$35,954,595 | +14.38% |
| Unity Software Inc. (U) | Equity | -17.27% | 10,245,819 | 2.63% | $28.58 | $43.11 | $292,825,507 | $441,697,257 | +$148,871,750 | +50.84% |
| Warby Parker Inc. (WRBY) | Equity | +1.73% | 698,903 | 0.19% | $30.34 | $22.94 | $21,204,717 | $16,032,835 | -$5,171,882 | -24.39% |
| Wix.com Ltd (WIX) | Equity | +124.24% | 1,458,458 | 0.59% | $45.37 | $80.10 | $66,170,239 | $116,822,486 | +$50,652,247 | +76.55% |
| Astera Labs Inc. (ALAB) | Equity | -63.85% | 1,216,795 | 5.27% | $483.02 | $363.46 | $587,736,321 | $442,256,311 | -$145,480,010 | -24.75% |
| Ciena Corp. (CIEN) | Equity | +1.73% | 688,521 | 3.03% | $490.56 | $368.56 | $337,760,862 | $253,761,300 | -$83,999,562 | -24.87% |
| Coherent Corp. (COHR) | Equity | +1.73% | 642,101 | 2.27% | $394.47 | $310.39 | $253,289,581 | $199,301,729 | -$53,987,852 | -21.31% |
| Gitlab Inc. (GTLB) | Equity | +100% | 3,373,169 | 0.92% | $30.53 | $48.82 | $102,982,850 | $164,678,111 | +$61,695,261 | +59.91% |
| Intel Corp. (INTC) | Equity | +1.53% | 663,802 | 0.83% | $139.63 | $123.86 | $92,686,673 | $82,218,516 | -$10,468,157 | -11.29% |
| Meta Platforms Inc. (META) | Equity | +100% | 402,770 | 2.04% | $563.29 | $736.60 | $226,876,313 | $296,678,368 | +$69,802,055 | +30.77% |
| Palo Alto Networks Inc. (PANW) | Equity | +56.10% | 876,954 | 2.68% | $341.02 | $374.57 | $299,058,853 | $328,480,660 | +$29,421,807 | +9.84% |
| Twilio Inc. (TWLO) | Equity | -21.84% | 720,338 | 1.33% | $206.33 | $284.53 | $148,627,340 | $204,957,771 | +$56,330,431 | +37.90% |
| Veeco Instruments Inc. (VECO) | Equity | +1.71% | 237,919 | 0.16% | $75.80 | $44.36 | $18,034,260 | $10,554,087 | -$7,480,173 | -41.48% |
| Wayfair Inc. (W) | Equity | -41.03% | 843,860 | 0.70% | $92.42 | $107.35 | $77,989,541 | $90,588,371 | +$12,598,830 | +16.15% |
| ACV Auctions Inc. (ACVA) | Equity | +1.73% | 9,903,239 | 0.64% | $7.19 | $10.45 | $71,204,288 | $103,488,848 | +$32,284,560 | +45.34% |
| Akamai Technologies Inc. (AKAM) | Equity | +33.35% | 910,583 | 0.97% | $118.21 | $118.34 | $107,640,016 | $107,758,392 | +$118,376 | +0.11% |
| Nokia Oyj (NOK) | Equity | +1.73% | 2,524,974 | 0.30% | $13.28 | $10.82 | $33,531,655 | $27,320,219 | -$6,211,436 | -18.52% |
| Taboola.Com Ltd. (TBLA) | Equity | +1.73% | 835,026 | 0.04% | $5.00 | $3.58 | $4,175,130 | $2,989,393 | -$1,185,737 | -28.40% |
| Ambiq Micro INC (AMBQ) | Equity | +1.73% | 877,123 | 0.69% | $88.30 | $71.05 | $77,449,961 | $62,319,589 | -$15,130,372 | -19.54% |
| Credo Technology Group Holding Ltd (CRDO) | Equity | +3.49% | 1,129,285 | 2.75% | $271.95 | $192.56 | $307,109,056 | $217,455,120 | -$89,653,936 | -29.19% |
| Equipmentshare COM INC (EQPT) | Equity | +1.73% | 217,131 | 0.04% | $19.66 | $18.58 | $4,268,795 | $4,034,294 | -$234,501 | -5.49% |
| Natera Inc. (NTRA) | Equity | +100% | 104,385 | 0.25% | $271.45 | $390.90 | $28,335,308 | $40,804,097 | +$12,468,789 | +44.00% |
| Quantinuum INC (QNT) | Equity | +100% | 39,853 | 0.03% | $81.74 | $51.39 | $3,257,584 | $2,048,046 | -$1,209,538 | -37.13% |
| Samsara Inc. (IOT) | Equity | +100% | 2,308,649 | 0.67% | $32.43 | $38.26 | $74,869,487 | $88,328,911 | +$13,459,424 | +17.98% |
| Servicetitan Inc. (TTAN) | Equity | +100% | 542,092 | 0.34% | $70.71 | $61.56 | $38,331,325 | $33,371,184 | -$4,960,141 | -12.94% |
| Affirm Holdings Inc. (AFRM) | Equity | +6.56% | 1,273,050 | 0.93% | $81.55 | $71.77 | $103,817,228 | $91,366,799 | -$12,450,429 | -11.99% |
| Amphenol Corp. (APH) | Equity | +100% | 640,069 | 1.01% | $176.32 | $82.84 | $112,856,966 | $53,023,316 | -$59,833,650 | -53.02% |
| Mastercard Inc. (MA) | Equity | +88.75% | 93,629 | 0.43% | $513.60 | $555.89 | $48,087,854 | $52,047,425 | +$3,959,571 | +8.23% |
| PDF Solutions Inc. (PDFS) | Equity | +100% | 658,536 | 0.42% | $70.79 | $48.44 | $46,617,763 | $31,899,484 | -$14,718,279 | -31.57% |
| Space Exploration Techn corp (SPCX) | Equity | +100% | 27,332,943 | 41.89% | $170.86 | $154.72 | $4,670,106,641 | $4,228,952,941 | -$441,153,700 | -9.45% |
| Tesla Inc. (TSLA) | Equity | +1.73% | 204,275 | 0.77% | $420.60 | $378.90 | $85,918,065 | $77,399,798 | -$8,518,268 | -9.91% |
| Amazon.com Inc. (AMZN) | Equity | +1.69% | 969,629 | 2.07% | $238.34 | $254.98 | $231,101,376 | $247,236,002 | +$16,134,626 | +6.98% |
| Cerebras Systems INC (CBRS) | Equity | +100% | 3,110,086 | 6.17% | $221.00 | $212.41 | $687,329,006 | $660,613,367 | -$26,715,639 | -3.89% |
| CoreWeave Inc. (CRWV) | Equity | +162.15% | 2,124,845 | 1.90% | $99.54 | $86.76 | $211,507,071 | $184,351,552 | -$27,155,519 | -12.84% |
| Dick'S Sporting Goods Inc. (DKS) | Equity | -17.11% | 375,118 | 0.76% | $226.81 | $133.94 | $85,080,514 | $50,243,305 | -$34,837,209 | -40.95% |
| Ferguson Enterprises Inc. (FERG) | Equity | +0.96% | 147,759 | 0.31% | $237.33 | $221.17 | $35,067,643 | $32,679,858 | -$2,387,785 | -6.81% |
| Micron Technology Inc. (MU) | Equity | -6.45% | 711,364 | 7.37% | $1,154.29 | $1,096.16 | $821,120,352 | $779,768,762 | -$41,351,590 | -5.04% |
| Nebius Group Nv (NBIS) | Equity | +1.68% | 64,125 | 0.16% | $276.17 | $236.12 | $17,709,401 | $15,141,195 | -$2,568,206 | -14.50% |
| Rogers Corp. (ROG) | Equity | +1.73% | 189,311 | 0.28% | $163.73 | $137.96 | $30,995,890 | $26,117,346 | -$4,878,544 | -15.74% |
| Semtech Corp. (SMTC) | Equity | +1.74% | 551,214 | 0.80% | $161.85 | $174.33 | $89,213,986 | $96,093,137 | +$6,879,151 | +7.71% |
| Cerebras Systems INC (CBRS) | Call | +100% | 700,000 | N/A | $221.00 | N/A | $154,700,000 | N/A | N/A | N/A |
| Compass Inc. (COMP) | Equity | +1.73% | 5,658,421 | 0.63% | $12.33 | $9.67 | $69,768,331 | $54,716,931 | -$15,051,400 | -21.57% |
| Meta Platforms Inc. (META) | Call | +100% | 1,200,000 | N/A | $563.29 | N/A | $675,948,000 | N/A | N/A | N/A |
| Invesco QQQ Trust (QQQ) | Put | +128.57% | 3,200,000 | N/A | $736.40 | N/A | $2,356,480,000 | N/A | N/A | N/A |
| Innio NV | Equity | +100% | 348,696 | 0.12% | $39.55 | N/A | $13,790,927 | N/A | N/A | N/A |