Atreides Management, LP · Q2 2026 13F · SEC CIK 1777813

Gavin Baker portfolio

Hedge fundAtreides Management 13F holdings. Filed 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $11.1B
Reported positions: 46
Top holdings a year, 3 yrs: +49.4%
Assets under management: $8.9B

Gavin Baker is the founder of Atreides Management, which reported 46 positions worth $11.1B in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Space Ex Tech Spacex Class A (SPCX, 41.9%), Micron Technology Inc (MU, 7.4%), Cerebras Systems Inc (CBRS, 6.2%). A portfolio copying its top holdings returned 49.4% a year over the last 3 years, against 20.4% for the S&P 500.

Gavin Baker holdings all 46 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Gavin Baker 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
SPCXSpace Ex Tech Spacex Class A	41.9%	—	27,332,943	—	$4.7B
MUMicron Technology Inc	7.4%	6.3%	711,364	-6.5%	$821.1M
CBRSCerebras Systems Inc	6.2%	—	3,110,086	—	$687.3M
ALABAstera Labs Inc	5.3%	9.0%	1,216,795	-63.8%	$587.7M
CIENCiena Corp	3.0%	6.4%	688,521	+1.7%	$337.8M
CRDOCredo Technology Group Holdi	2.8%	2.5%	1,129,285	+3.5%	$307.1M
PANWPalo Alto Networks Inc	2.7%	2.2%	876,954	+56.1%	$299.1M
UUnity Software Inc	2.6%	6.6%	10,245,819	-17.3%	$292.8M
COHRCoherent Corp	2.3%	3.7%	642,101	+1.7%	$253.3M
NVDANvidia Corporation Com	2.2%	5.3%	1,249,291	+0.1%	$250.0M
AMZNAmazon Com Inc Com	2.1%	4.8%	969,629	+1.7%	$231.1M
METAMeta Platforms Inc Class A	2.0%	—	402,770	—	$226.9M
CRWVCoreweave Inc	1.9%	1.5%	2,124,845	+162.2%	$211.5M
GOOGLAlphabet Inc	1.6%	3.9%	488,296	-12.0%	$174.5M
TWLOTwilio Inc Cl A	1.3%	2.8%	720,338	-21.8%	$148.6M
APHAmphenol Corp	1.0%	—	640,069	—	$112.9M
AKAMAkamai Technologies Inc	1.0%	1.9%	910,583	+33.4%	$107.6M
AFRMAffirm Hldgs Inc	0.9%	1.3%	1,273,050	+6.6%	$103.8M
GTLBGitLab Inc	0.9%	—	3,373,169	—	$103.0M
INTCIntel Corp	0.8%	0.7%	663,802	+1.5%	$92.7M
SMTCSemtech Corp	0.8%	1.0%	551,214	+1.7%	$89.2M
CIFRCipher Mining Inc	0.8%	—	3,586,409	—	$87.9M
TSLATesla Inc Com	0.8%	1.8%	204,275	+1.7%	$85.9M
DKSDicks Sporting Goods Inc Com	0.8%	2.2%	375,118	-17.1%	$85.1M
WWayfair	0.7%	2.6%	843,860	-41.0%	$78.0M
AMBQAmbiq Micro Inc	0.7%	0.5%	877,123	+1.7%	$77.4M
IOTSamsara, Inc.	0.7%	—	2,308,649	—	$74.9M
ACVAAcv Auctions Inc	0.6%	1.0%	9,903,239	+1.7%	$71.2M
COMPCompass Inc	0.6%	1.0%	5,658,421	+1.7%	$69.8M
WIXWix Com Ltd	0.6%	1.4%	1,458,458	+124.2%	$66.2M
MAMastercard Inc.	0.4%	0.6%	93,629	+88.8%	$48.1M
PDFSPdf Solutions Inc	0.4%	—	658,536	—	$46.6M
TTANServiceTitan, Inc.	0.3%	—	542,092	—	$38.3M
FERGFerguson Enterprises Inc	0.3%	0.8%	147,759	+1.0%	$35.1M
NOKNokia Corp	0.3%	0.5%	2,524,974	+1.7%	$33.5M
ROGRogers Corp	0.3%	0.5%	189,311	+1.7%	$31.0M
NTRANatera Inc Com	0.3%	—	104,385	—	$28.3M
WRBYWarby Parker Inc Class A	0.2%	0.4%	698,903	+1.7%	$21.2M
VECOVeeco Instrs Inc Del	0.2%	0.2%	237,919	+1.7%	$18.0M
NBISNebius Group N.v. Shs Class A	0.2%	0.2%	64,125	+1.7%	$17.7M
INIOInnio NV	0.1%	—	348,696	—	$13.8M
EQPTEquipmentshare.com	0.0%	0.1%	217,131	+1.7%	$4.3M
TBLATaboola.com Ltd	0.0%	0.1%	835,026	+1.7%	$4.2M
QNTQuantinuum Inc. CL A COM	0.0%	—	39,853	—	$3.3M
FRVOFervo Energy Co	0.0%	—	9,959	—	$291K
BTGOBitgo Holdings Inc	0.0%	—	29,611	—	$153K

What Gavin Baker bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

CRWV Coreweave Inc+162.2% shares
WIX Wix Com Ltd+124.2% shares
MA Mastercard Inc.+88.8% shares
PANW Palo Alto Networks Inc+56.1% shares
AKAM Akamai Technologies Inc+33.4% shares
AFRM Affirm Hldgs Inc+6.6% shares

Reduced

ALAB Astera Labs Inc-63.8% shares
W Wayfair-41.0% shares
TWLO Twilio Inc Cl A-21.8% shares
U Unity Software Inc-17.3% shares
DKS Dicks Sporting Goods Inc Com-17.1% shares
GOOGL Alphabet Inc-12.0% shares
MU Micron Technology Inc-6.5% shares

Sold out

Share counts compared with the Q1 2026 13F; a split also changes share counts.

How the holdings did against the S&P 500.

1 year: +78.7% /yr; S&P 500 +20.1%
3 years: +49.4% /yr; S&P 500 +20.4%
5 years: +18.5% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$11.1B	46
Q1 2026	$4.1B	51
Q4 2025	$4.7B	49
Q3 2025	$3.8B	56
Q2 2025	$3.6B	48
Q1 2025	$2.8B	41
Q4 2024	$3.2B	44
Q3 2024	$3.0B	35
Q2 2024	$3.1B	40
Q1 2024	$3.3B	34
Q4 2023	$2.8B	32
Q3 2023	$2.9B	27

Questions about Gavin Baker's portfolio

Who is Gavin Baker?

Gavin Baker is the founder of Atreides Management, a hedge fund that files its US stock holdings with the SEC on Form 13F under the name Atreides Management, LP.

What stocks does Gavin Baker own?

Atreides Management, LP's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 46 positions worth $11.1B. The largest are Space Ex Tech Spacex Class A (SPCX) at 41.9%, Micron Technology Inc (MU) at 7.4%, Cerebras Systems Inc (CBRS) at 6.2%, Astera Labs Inc (ALAB) at 5.3% and Ciena Corp (CIEN) at 3.0%.

What did Gavin Baker buy last quarter?

In Q2 2026, Atreides Management, LP added Coreweave Inc (CRWV) (+162.2% shares), Wix Com Ltd (WIX) (+124.2% shares) and Mastercard Inc. (MA) (+88.8% shares), compared with its Q1 2026 filing.

What did Gavin Baker sell last quarter?

In Q2 2026, Atreides Management, LP sold all of Lumentum Hldgs Inc Com (LITE), sold all of Echostar Corp (ECHO), sold all of Zoom Communications Inc (ZM), sold all of Rocket Cos Inc (RKT), sold all of Vistra Corp Com (VST), Astera Labs Inc (ALAB) (-63.8% shares), Wayfair (W) (-41.0% shares) and Twilio Inc Cl A (TWLO) (-21.8% shares), compared with its Q1 2026 filing.

How has Gavin Baker's portfolio performed?

A portfolio copying Atreides Management, LP's 20 largest 13F holdings each quarter, from the day each filing was public, returned +49.4% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +78.7% against +20.1%. Over 5 years: +18.5% a year against +11.6%.

When is Atreides Management, LP's next 13F filing due?

13F filings are due 45 days after each quarter ends. Atreides Management, LP's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Atreides Management, LP manage?

Atreides Management, LP reported $8.9B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $11.1B.