Atreides Management
Gavin Baker · CIK 0001777813 · latest 13F for 2026-06-30 filed 2026-08-14
Estimated from 13F holdings — long US equities only; follow-the-filing returns are net of an assumed 10 bps per unit of turnover.
About the fund
Atreides Management is a Boston-based investment firm founded in 2019 by Gavin Baker. The firm operates as a crossover investor, focusing on technology, media, telecommunications, and consumer-centric companies across both public and private markets.
Strategy
Crossover, long-biased long/short equity, and growth investing
Investment approach
Atreides employs a crossover strategy, taking a private equity approach to public markets with a long-duration time horizon. The firm focuses on technology, media, telecommunications, and consumer-centric companies, utilizing intensive fundamental research and rigorous portfolio construction to build concentrated portfolios of high-quality businesses. It also invests opportunistically in private companies and maintains the flexibility to short companies with impaired long-term prospects.
History
Atreides Management was founded in 2019 by Gavin Baker, who previously spent 18 years at Fidelity Investments, where he most recently managed the Fidelity OTC Portfolio. The firm is based in Boston and employs professionals with backgrounds from firms such as Highfields, Fidelity, Numeric, and Three Bays.
Notable positions & campaigns
- Space Exploration Technologies Corp2026 — Space Exploration Technologies Corp (SPCX)
- Invesco QQQ Trust2026 — Invesco QQQ Trust (Put options)
- Micron Technology Inc2026 — Micron Technology Inc (MU)
- ACV Auctions — Venture and growth equity investment in ACV Auctions
Profile generated 2026-10-09 from public sources; may be incomplete or out of date.
- Founded by
- Gavin Baker
- Founded
- 2019
- HQ
- Boston, United States
- Reported AUM
- $14.3bn (as of June 30, 2026)
- Website
- atreidesmgmt.com
Management
- Gavin Seth BakerManaging Partner, Chief Investment Officer, and Limited Partner
- David Sean FinnCFO
- Laura Anne MaloneGeneral Counsel & Chief Compliance Officer
Holdings heatmap
Latest 13F (2026-06-30): top 46 positions grouped by sector, sized by weight, coloured by the change in weight since the previous 13F.
Holdings map
Each tile is a position, sized by reported value and coloured by the stock's own price return (red down, green up) — the LiquidRound / finviz-style map.
Copy portfolio vs SPY
Growth of $1 following each filing the trading day after it was filed.
Top holdings
Latest 13F (2026-06-30).
| # | Ticker | Value | Weight |
|---|---|---|---|
| 1 | SPCX | $4.7B | 41.9% |
| 2 | MU | $821M | 7.4% |
| 3 | CBRS | $687M | 6.2% |
| 4 | ALAB | $588M | 5.3% |
| 5 | CIEN | $338M | 3.0% |
| 6 | — | $307M | 2.8% |
| 7 | PANW | $299M | 2.7% |
| 8 | U | $293M | 2.6% |
| 9 | COHR | $253M | 2.3% |
| 10 | NVDA | $250M | 2.2% |
| 11 | AMZN | $231M | 2.1% |
| 12 | META | $227M | 2.0% |
| 13 | CRWV | $212M | 1.9% |
| 14 | GOOGL | $175M | 1.6% |
| 15 | TWLO | $149M | 1.3% |
| 16 | APH | $113M | 1.0% |
| 17 | AKAM | $108M | 1.0% |
| 18 | AFRM | $104M | 0.9% |
| 19 | GTLB | $103M | 0.9% |
| 20 | INTC | $93M | 0.8% |
| 21 | SMTC | $89M | 0.8% |
| 22 | CIFR | $88M | 0.8% |
| 23 | TSLA | $86M | 0.8% |
| 24 | DKS | $85M | 0.8% |
| 25 | W | $78M | 0.7% |
Sector mix
Top-25 holdings by weight.
Changes this quarter
| Move | Ticker | Prev wt | Now wt |
|---|---|---|---|
| new | SPCX | 0.0% | 41.9% |
| new | CBRS | 0.0% | 6.2% |
| exited | LITE | 4.6% | 0.0% |
| trimmed | U | 6.6% | 2.6% |
| trimmed | ALAB | 9.0% | 5.3% |
| exited | ECHO | 2.9% | 0.0% |
| exited | ZM | 2.6% | 0.0% |
| trimmed | GOOGL | 3.9% | 1.6% |
| exited | RKT | 2.1% | 0.0% |
| new | META | 0.0% | 2.0% |
| trimmed | W | 2.6% | 0.7% |
| exited | VST | 1.9% | 0.0% |
| exited | RBLX | 1.9% | 0.0% |
| trimmed | TWLO | 2.8% | 1.3% |
| trimmed | DKS | 2.2% | 0.8% |
| exited | HUBS | 1.4% | 0.0% |
| exited | SNPS | 1.3% | 0.0% |
| trimmed | MU | 6.3% | 7.4% |
| exited | RL | 1.1% | 0.0% |
| exited | AXON | 1.1% | 0.0% |
Quarterly copy returns
Each 13F held from the day after filing until the next filing.
| 13F period | Copy | SPY | Alpha | Coverage |
|---|---|---|---|---|
| 2026-06-30 | +2.2% | +0.4% | +1.8% | 96% |
| 2026-03-31 | +17.7% | +5.6% | +12.2% | 92% |
| 2025-12-31 | +28.0% | +7.2% | +20.8% | 94% |
| 2025-09-30 | +7.7% | +3.4% | +4.3% | 97% |
| 2025-06-30 | +11.3% | +3.7% | +7.5% | 97% |
| 2025-03-31 | +35.8% | +8.6% | +27.2% | 92% |
| 2024-12-31 | -7.9% | -2.5% | -5.4% | 82% |
| 2024-09-30 | +8.9% | +4.7% | +4.2% | 90% |
| 2024-06-30 | +16.5% | +6.2% | +10.2% | 90% |
| 2024-03-31 | -5.8% | +4.9% | -10.7% | 90% |
| 2023-12-31 | +12.1% | +5.6% | +6.5% | 89% |
| 2023-09-30 | +18.6% | +12.1% | +6.6% | 92% |
| 2023-06-30 | -4.1% | +1.9% | -6.0% | 87% |
| 2023-03-31 | +19.7% | +8.4% | +11.3% | 96% |
| 2022-12-31 | +4.3% | -0.5% | +4.8% | 85% |
| 2022-09-30 | +12.3% | +4.4% | +8.0% | 86% |
Filing dates
- 2026-08-1413F-HR for 2026-06-30 · $14.3B · 49 rows
- 2026-05-1813F-HR for 2026-03-31 · $5.0B · 54 rows
- 2026-02-1713F-HR for 2025-12-31 · $8.2B · 56 rows
- 2025-11-1413F-HR for 2025-09-30 · $5.1B · 58 rows
- 2025-08-1413F-HR for 2025-06-30 · $3.6B · 48 rows
- 2025-05-1513F-HR for 2025-03-31 · $3.3B · 44 rows
- 2025-02-1413F-HR for 2024-12-31 · $4.6B · 45 rows
- 2024-11-1413F-HR for 2024-09-30 · $3.9B · 43 rows
- 2024-08-1413F-HR for 2024-06-30 · $3.1B · 40 rows
- 2024-05-1513F-HR for 2024-03-31 · $4.4B · 38 rows
- 2024-02-1413F-HR for 2023-12-31 · $3.0B · 36 rows
- 2023-11-1413F-HR for 2023-09-30 · $3.1B · 29 rows
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