13F filer · CIK 1777813 ↗
Atreides Management
You are looking at Q4 2020. See the latest, Q2 2026 →
Reported value
$2.28B
+116% on the quarter before
Positions
41
18 new · 10 sold out
Top 10
56.7%
of the value
Est. gain
+$207.5M
on stocks held all quarter
Est. return
+36.0%
on those stocks since Q3 2020
Positions as of Dec 31, 2020, 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 Q3 2020. Striped tiles are options.
Largest buys
Since Q3 2020, 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.
- SPDR S&P 500 ETF TrPUT~$413.5MAdded · 9.9% → 23.3%+1,106,000 underlying
- Target CorpCALL~$132.4MNew · 0.0% → 5.8%+750,000 underlying
- Dicks Sporting Goods Inc~$92.8MNew · 0.0% → 4.1%+1,651,800 shares
- Dish Network Corporation~$82.3MAdded · 1.5% → 4.4%+2,545,900 shares
- Lendingtree Inc New~$68.1MNew · 0.0% → 3.0%+248,700 shares
- UberPUT~$55.1MNew · 0.0% → 2.4%+1,080,000 underlying
- Target Corp~$42.3MAdded · 3.0% → 3.4%+239,600 shares
- Pinterest Inc~$41.3MNew · 0.0% → 1.8%+626,800 shares
- Zillow Group Inc~$40.7MAdded · 1.0% → 2.4%+313,200 shares
- Cargurus Inc~$40.6MNew · 0.0% → 1.8%+1,279,572 shares
Largest sells
Since Q3 2020, 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.
- Walt Disney Company (The)CALL~$63.4MCut · 5.9% → 1.2%−350,000 underlying
- American Eagle Outfitters In~$57.0MCut · 9.6% → 3.5%−2,841,400 shares
- Walt Disney Company (The)~$49.5MCut · 6.3% → 2.1%−273,200 shares
- Snap~$44.1MCut · 4.6% → 2.1%−880,800 shares
- Micron~$31.7MCut · 4.2% → 1.7%−421,000 shares
- Block~$29.9MCut · 4.3% → 1.4%−137,200 shares
- Intel~$27.3MSold out · 2.6% → 0.0%−527,500 shares
- Booking Holdings Inc~$20.1MSold out · 1.9% → 0.0%−11,765 shares
- Nvidia~$16.2MSold out · 1.5% → 0.0%−29,848 shares
- NvidiaCALL~$16.1MSold out · 1.5% → 0.0%−29,800 underlying
Holdings
As of Dec 31, 2020. Changes are in shares against Sep 30, 2020, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| SPDR S&P 500 ETF TrPUTTR UNIT · shares +354% | 23.3% | $530.2M | — | ||||||||
| Target CorpCALLCOM · shares New | 5.8% | $132.4M | — | ||||||||
| Dish Network CorporationCL A · shares +471% · price +11.4% | 4.4% | $99.8M | +$1.8M | ||||||||
| Dicks Sporting Goods IncCOM · shares New | 4.1% | $92.8M | — | ||||||||
| UberCOM · shares +8.7% · price +39.8% | 3.6% | $81.1M | +$21.2M | ||||||||
| American Eagle Outfitters InCOM · shares −41% · price +35.5% | 3.5% | $80.8M | +$21.2M | ||||||||
| Target CorpCOM · shares +118% · price +12.1% | 3.4% | $78.2M | +$3.9M | ||||||||
| Fiserv IncCOM · shares −7.2% · price +10.5% | 3.3% | $74.3M | +$7.1M | ||||||||
| Lendingtree Inc NewCOM · shares New | 3.0% | $68.1M | — | ||||||||
| UberPUTCOM · shares New | 2.4% | $55.1M | — | ||||||||
| Zillow Group IncCL C CAP STK · shares +300% · price +27.8% | 2.4% | $54.2M | +$2.9M | ||||||||
| Deckers Outdoor CorpCOM · shares +41% · price +30.4% | 2.4% | $54.0M | +$8.9M | ||||||||
| Activision Blizzard IncCOM · shares −18% · price +14.7% | 2.3% | $51.8M | +$6.6M | ||||||||
| SnapCL A · shares −48% · price +91.8% | 2.1% | $48.2M | +$23.1M | ||||||||
| Walt Disney Company (The)COM · shares −51% · price +46.0% | 2.1% | $47.2M | +$14.9M | ||||||||
| Zendesk IncCOM · shares +6.8% · price +39.1% | 2.0% | $45.0M | +$11.8M | ||||||||
| Pinterest IncCL A · shares New | 1.8% | $41.3M | — | ||||||||
| Cargurus IncCOM CL A · shares New | 1.8% | $40.6M | — | ||||||||
| MicronCOM · shares −44% · price +60.1% | 1.7% | $39.9M | +$15.0M | ||||||||
| Pagseguro Digital LtdCOM CL A · shares New | 1.6% | $36.2M | — | ||||||||
| Wynn Resorts LtdCOM · shares New | 1.6% | $36.2M | — | ||||||||
| DynatraceCOM NEW · shares New | 1.6% | $35.8M | — | ||||||||
| Marriott Intl Inc NewCL A · shares New | 1.6% | $35.3M | — | ||||||||
| Boston Beer IncCL A · shares −24% · price +12.6% | 1.5% | $35.1M | +$3.9M | ||||||||
| TeslaCOM · shares 0% · price +64.5% | 1.4% | $32.0M | +$12.5M | ||||||||
| Total · 41 positions | 100% | $2.28B | +$207.5M |
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 Q3 2020 to Q4 2020: 21 stocks held throughout, up $207.5M (+36.0%).
- Snap+$23.1M+92%
- Uber+$21.2M+40%
- American Eagle Outfitters In+$21.2M+36%
- Micron+$15.0M+60%
- Walt Disney Company (The)+$14.9M+46%
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 ↗ |