13F filer · CIK 1777813 ↗
Atreides Management
Reported value
$14.34B
+187% on the quarter before
Positions
49
15 new · 20 sold out
Top 10
77.0%
of the value
Est. gain
+$2.06B
on stocks held all quarter
Est. return
+78.4%
on those stocks since Q1 2026
Positions as of Jun 30, 2026, from Atreides Management's 13F filing with the SEC. A 13F lists a manager's US-listed stocks and options at a quarter end and is filed up to 45 days later, so the fund may hold something else today. It leaves out short positions, cash and holdings outside the US.
Portfolio at a glance
- New
- Added
- Cut
- Same
- Options
Each tile is a position, sized by its share, colored by what the fund did with it since Q1 2026. Striped tiles are options.
Largest buys
Since Q1 2026, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- SpaceX~$4.67BNew · 0.0% → 32.6%+27,332,943 shares
- Invesco Qqq TrPUT~$1.33BAdded · 16.2% → 16.4%+1,800,000 underlying
- Cerebras Systems~$687.3MNew · 0.0% → 4.8%+3,110,086 shares
- MetaCALL~$675.9MNew · 0.0% → 4.7%+1,200,000 underlying
- Meta~$226.9MNew · 0.0% → 1.6%+402,770 shares
- Cerebras SystemsCALL~$154.7MNew · 0.0% → 1.1%+700,000 underlying
- CoreWeave~$130.8MAdded · 1.3% → 1.5%+1,314,310 shares
- Amphenol~$112.9MNew · 0.0% → 0.8%+640,069 shares
- Palo Alto Networks~$107.5MAdded · 1.8% → 2.1%+315,157 shares
- GitLab~$103.0MNew · 0.0% → 0.7%+3,373,169 shares
Largest sells
Since Q1 2026, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- Astera Labs~$1.04BCut · 7.4% → 4.1%−2,148,992 shares
- Lumentum~$187.9MSold out · 3.8% → 0.0%−267,389 shares
- EchoStar~$117.1MSold out · 2.3% → 0.0%−1,000,346 shares
- Zoom~$105.8MSold out · 2.1% → 0.0%−1,315,605 shares
- Rocket Cos Inc~$87.1MSold out · 1.7% → 0.0%−6,114,947 shares
- Vistra~$78.7MSold out · 1.6% → 0.0%−523,788 shares
- Roblox~$78.3MSold out · 1.6% → 0.0%−1,383,703 shares
- Unity~$61.1MCut · 5.4% → 2.0%−2,139,503 shares
- HubSpot~$56.7MSold out · 1.1% → 0.0%−232,115 shares
- Micron~$56.6MCut · 5.1% → 5.7%−49,062 shares
Holdings
As of Jun 30, 2026. Changes are in shares against Mar 31, 2026, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| SpaceXCLASS A COM STK · shares New | 32.6% | $4.67B | — | ||||||||
| Invesco Qqq TrPUTUNIT SER 1 · shares +129% | 16.4% | $2.36B | — | ||||||||
| MicronCOM · shares −6.5% · price +241.7% | 5.7% | $821.1M | +$580.8M | ||||||||
| Cerebras SystemsCOM CL A · shares New | 4.8% | $687.3M | — | ||||||||
| MetaCALLCL A · shares New | 4.7% | $675.9M | — | ||||||||
| Astera LabsCOM · shares −64% · price +340.7% | 4.1% | $587.7M | +$454.4M | ||||||||
| CienaCOM NEW · shares +1.7% · price +26.4% | 2.4% | $337.8M | +$69.3M | ||||||||
| CredoORDINARY SHARES · shares +3.5% · price +189.7% | 2.1% | $307.1M | +$194.3M | ||||||||
| Palo Alto NetworksCOM · shares +56% · price +112.7% | 2.1% | $299.1M | +$101.5M | ||||||||
| UnityCOM · shares −17% · price +30.3% | 2.0% | $292.8M | +$68.0M | ||||||||
| CoherentCOM · shares +1.7% · price +65.6% | 1.8% | $253.3M | +$98.6M | ||||||||
| NvidiaCOM · shares +0.06% · price +14.7% | 1.7% | $250.0M | +$32.1M | ||||||||
| AmazonCOM · shares +1.7% · price +14.4% | 1.6% | $231.1M | +$28.7M | ||||||||
| MetaCL A · shares New | 1.6% | $226.9M | — | ||||||||
| CoreWeaveCOM CL A · shares +162% · price +28.5% | 1.5% | $211.5M | +$17.9M | ||||||||
| AlphabetCAP STK CL A · shares −12% · price +24.3% | 1.2% | $174.5M | +$34.1M | ||||||||
| Cerebras SystemsCALLCOM CL A · shares New | 1.1% | $154.7M | — | ||||||||
| TwilioCL A · shares −22% · price +64.0% | 1.0% | $148.6M | +$58.0M | ||||||||
| AmphenolCL A · shares New | 0.79% | $112.9M | — | ||||||||
| AkamaiCOM · shares +33% · price +2.9% | 0.75% | $107.6M | +$2.3M | ||||||||
| AffirmCOM CL A · shares +6.6% · price +78.0% | 0.72% | $103.8M | +$42.7M | ||||||||
| GitLabCLASS A COM · shares New | 0.72% | $103.0M | — | ||||||||
| IntelCOM · shares +1.5% · price +216.4% | 0.65% | $92.7M | +$62.4M | ||||||||
| SemtechCOM · shares +1.7% · price +110.5% | 0.62% | $89.2M | +$46.0M | ||||||||
| Cipher MiningCOM · shares New | 0.61% | $87.9M | — | ||||||||
| Total · 49 positions | 100% | $14.34B | +$2.06B |
Price is a stock's reported value over its shares at the quarter end. The estimated gain is the shares held at both quarter ends times the change in that price: shares bought or sold during the quarter add nothing, options are left out, and a stock split is read into the earlier share count and price.
What made money
From Q1 2026 to Q2 2026: 33 stocks held throughout, up $2.06B (+78.4%).
- Micron+$580.8M+242%
- Astera Labs+$454.4M+341%
- Credo+$194.3M+190%
- Palo Alto Networks+$101.5M+113%
- Coherent+$98.6M+66%
- BitGo−$88,773−37%
- Equipmentshare Com Inc−$151,536−3%
- Wix.com−$29.1M−50%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out.
Reported value by quarter
The total value of each quarter's 13F at that quarter end. It moves with prices as well as with buying and selling. Pick a quarter to see what the fund held then.
Every quarter's filing
| Quarter | Reported value | Filing | |
|---|---|---|---|
| Q2 2026 | Aug 14, 2026 | $14.34B+187% | SEC ↗ |
| Q1 2026 | May 18, 2026 | $5.00B−39% | SEC ↗ |
| Q4 2025 | Feb 17, 2026 | $8.18B+59% | SEC ↗ |
| Q3 2025 | Nov 14, 2025 | $5.13B+42% | SEC ↗ |
| Q2 2025 | Aug 14, 2025 | $3.60B+9% | SEC ↗ |
| Q1 2025 | May 15, 2025 | $3.29B−28% | SEC ↗ |
| Q4 2024 | Feb 14, 2025 | $4.57B+16% | SEC ↗ |
| Q3 2024 | Nov 14, 2024 | $3.93B+28% | SEC ↗ |
| Q2 2024 | Aug 14, 2024 | $3.06B−30% | SEC ↗ |
| Q1 2024 | May 15, 2024 | $4.41B+45% | SEC ↗ |
| Q4 2023 | Feb 14, 2024 | $3.04B−0% | SEC ↗ |
| Q3 2023 | Nov 14, 2023 | $3.06B−21% | SEC ↗ |
| Q2 2023 | Aug 14, 2023 | $3.89B+19% | SEC ↗ |
| Q1 2023 | May 15, 2023 | $3.27B+29% | SEC ↗ |
| Q4 2022 | Feb 14, 2023 | $2.54B−33% | SEC ↗ |
| Q3 2022 | Nov 14, 2022 | $3.80B+41% | SEC ↗ |
| Q2 2022 | Aug 15, 2022 | $2.69B−17% | SEC ↗ |
| Q1 2022 | May 16, 2022 | $3.25B+1% | SEC ↗ |
| Q4 2021 | Feb 14, 2022 | $3.20B−24% | SEC ↗ |
| Q3 2021 | Nov 15, 2021 | $4.23B−24% | SEC ↗ |
| Q2 2021 | Aug 16, 2021 | $5.60B+26% | SEC ↗ |
| Q1 2021 | May 28, 2021 (amended) | $4.43B+94% | SEC ↗ |
| Q4 2020 | Feb 16, 2021 | $2.28B+116% | SEC ↗ |
| Q3 2020 | Nov 16, 2020 | $1.06B+49% | SEC ↗ |
| Q2 2020 | Aug 14, 2020 | $708.2M+57% | SEC ↗ |
| Q1 2020 | May 15, 2020 | $452.2M+4% | SEC ↗ |
| Q4 2019 | Feb 14, 2020 | $435.9M | SEC ↗ |