13F filer · CIK 1777813 ↗

Atreides Management

Gavin BakerManaging Partner and Chief Investment Officer

You are looking at Q4 2022. See the latest, Q2 2026 →

Reported value

$2.54B

−33% on the quarter before

Positions

4 new · 10 sold out

Top 10

57.2%

of the value

Est. gain

+$46.6M

on stocks held all quarter

Est. return

+2.4%

on those stocks since Q3 2022

Filed

Feb 14, 2023

On SEC EDGAR ↗

Positions as of Dec 31, 2022, 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 2022. Striped tiles are options.

AMD9.3%

Dicks Sporting Goods Inc7.7%

10 others7.3%

Block6.3%Meta6.3%

Marvell Technology Inc6.2%

Deckers Outdoor Corp5.3%

Bath & Body Works Inc4.6%

Mgm Resorts International4.3%

Everpure4.0%

Acv Auctions Inc3.3%

Tesla3.3%

Liberty Media Corp Del3.1%

Vail Resorts Inc3.0%

HubSpot3.0%

Take-Two Interactive Softwar3.0%

Bill Com Hldgs Inc3.0%

Caesars Entertainment Inc Ne2.4%

Hyatt Hotels Corp2.3%

Las Vegas Sands Corp2.2%

Nvidia2.1%

On Hldg Ag2.1%

Dish Network Corporation2.1%

Procore2.0%Intuit1.9%

AMD9.3%

Dicks Sporting Goods Inc7.7%

10 others7.3%

Block6.3%Meta6.3%

Marvell Technology Inc6.2%

Deckers Outdoor Corp5.3%

Bath & Body Works Inc4.6%

Mgm Resorts International4.3%

Everpure4.0%

Acv Auctions Inc3.3%

Tesla3.3%

Liberty Media Corp Del3.1%

Vail Resorts Inc3.0%

HubSpot3.0%

Take-Two Interactive Softwar3.0%

Bill Com Hldgs Inc3.0%

Caesars Entertainment Inc Ne2.4%

Hyatt Hotels Corp2.3%

Las Vegas Sands Corp2.2%

Nvidia2.1%

On Hldg Ag2.1%

Dish Network Corporation2.1%

Procore2.0%Intuit1.9%

Largest buys

Since Q3 2022, 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.

Marvell Technology Inc~$102.5MAdded · 1.7% → 6.2%+2,766,866 shares
Tesla~$60.9MAdded · 1.3% → 3.3%+494,083 shares
Las Vegas Sands Corp~$55.1MNew · 0.0% → 2.2%+1,145,413 shares
Nvidia~$54.1MNew · 0.0% → 2.1%+370,529 shares
Intuit~$48.2MNew · 0.0% → 1.9%+123,830 shares
Meta~$35.8MAdded · 3.6% → 6.3%+297,901 shares
Mgm Resorts International~$35.6MAdded · 1.7% → 4.3%+1,063,090 shares
Atlassian Corporation~$32.8MNew · 0.0% → 1.3%+255,230 shares
AMD~$20.1MAdded · 5.5% → 9.3%+310,150 shares
Bath & Body Works Inc~$19.8MAdded · 2.0% → 4.6%+469,358 shares

Largest sells

Since Q3 2022, 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~$991.2MSold out · 26.1% → 0.0%−2,775,000 underlying
Amazon~$185.4MCut · 8.0% → 1.6%−2,207,120 shares
Twilio~$85.8MSold out · 2.3% → 0.0%−1,241,395 shares
Farfetch Ltd~$81.3MSold out · 2.1% → 0.0%−10,912,926 shares
AMDCALL~$71.6MSold out · 1.9% → 0.0%−1,130,000 underlying
Dicks Sporting Goods Inc~$66.3MCut · 6.0% → 7.7%−550,947 shares
CrowdStrike~$54.6MSold out · 1.4% → 0.0%−331,316 shares
Hyatt Hotels Corp~$53.5MCut · 2.6% → 2.3%−591,482 shares
Take-Two Interactive Softwar~$40.6MCut · 3.2% → 3.0%−390,299 shares
BlockPUT~$38.5MSold out · 1.0% → 0.0%−700,000 underlying

Holdings

As of Dec 31, 2022. Changes are in shares against Sep 30, 2022, so a price move alone never reads as a buy or a sale.

Positions, sorted by share of the portfolio
#	Holding		% prev	Value	Shares		Price	Prev price
1	AMDCOM · shares +9.3% · price +2.2%	9.3%	5.5%	$235.6M	3.6M	+9.3%	$64.77	$63.36	+2.2%	+$4.7M
2	Dicks Sporting Goods IncCOM · shares −25% · price +15.0%	7.7%	6.0%	$195.2M	1.6M	−25%	$120.29	$104.64	+15.0%	+$25.4M
3	BlockCL A · shares +10% · price +14.3%	6.3%	3.3%	$159.0M	2.5M	+10%	$62.84	$54.99	+14.3%	+$18.0M
4	MetaCL A · shares +29% · price −11.3%	6.3%	3.6%	$158.7M	1.3M	+29%	$120.34	$135.68	−11.3%	−$15.7M
5	Marvell Technology IncCOM · shares +188% · price −13.7%	6.2%	1.7%	$156.9M	4.2M	+188%	$37.04	$42.91	−13.7%	−$8.6M
6	Deckers Outdoor CorpCOM · shares −21% · price +27.7%	5.3%	3.5%	$135.5M	339,361	−21%	$399.16	$312.61	+27.7%	+$29.4M
7	Bath & Body Works IncCOM · shares +20% · price +29.3%	4.6%	2.0%	$116.4M	2.8M	+20%	$42.14	$32.60	+29.3%	+$21.9M
8	Mgm Resorts InternationalCOM · shares +48% · price +12.8%	4.3%	1.7%	$109.7M	3.3M	+48%	$33.53	$29.72	+12.8%	+$8.4M
9	EverpureCL A · shares +13% · price −2.2%	4.0%	2.4%	$100.9M	3.8M	+13%	$26.76	$27.37	−2.2%	−$2.0M
10	Acv Auctions IncCOM CL A · shares +0.4% · price +14.2%	3.3%	1.9%	$83.5M	10.2M	+0.4%	$8.21	$7.19	+14.2%	+$10.3M
11	TeslaCOM · shares +275% · price −53.6%	3.3%	1.3%	$83.0M	673,945	+275%	$123.18	$265.25	−53.6%	−$25.6M
12	Liberty Media Corp DelCOM SER C FRMLA · shares +3.8% · price +2.2%	3.1%	1.9%	$77.9M	1.3M	+3.8%	$59.78	$58.50	+2.2%	+$1.6M
13	Vail Resorts IncCOM · shares +18% · price +10.5%	3.0%	1.6%	$77.1M	323,343	+18%	$238.35	$215.64	+10.5%	+$6.2M
14	HubSpotCOM · shares +17% · price +7.0%	3.0%	1.6%	$77.0M	266,315	+17%	$289.13	$270.12	+7.0%	+$4.3M
15	Take-Two Interactive SoftwarCOM · shares −35% · price −4.5%	3.0%	3.2%	$75.6M	725,587	−35%	$104.13	$109.00	−4.5%	−$3.5M
16	Bill Com Hldgs IncCOM · shares +6.2% · price −17.7%	3.0%	2.3%	$75.4M	692,368	+6.2%	$108.96	$132.37	−17.7%	−$15.3M
17	Caesars Entertainment Inc NeCOM · shares −14% · price +29.0%	2.4%	1.5%	$62.1M	1.5M	−14%	$41.60	$32.26	+29.0%	+$13.9M
18	Hyatt Hotels CorpCOM CL A · shares −48% · price +11.7%	2.3%	2.6%	$57.7M	638,133	−48%	$90.45	$80.96	+11.7%	+$6.1M
19	Las Vegas Sands CorpCOM · shares New	2.2%	—	$55.1M	1.1M	New	$48.07	—	—	—
20	NvidiaCOM · shares New	2.1%	—	$54.1M	370,529	New	$146.14	—	—	—
21	On Hldg AgNAMEN AKT A · shares −28% · price +6.9%	2.1%	1.8%	$53.6M	3.1M	−28%	$17.16	$16.05	+6.9%	+$3.5M
22	Dish Network CorporationCL A · shares −9.2% · price +1.5%	2.1%	1.5%	$53.5M	3.8M	−9.2%	$14.04	$13.83	+1.5%	+$799,988
23	ProcoreCOM · shares +47% · price −4.6%	2.0%	0.94%	$50.0M	1.1M	+47%	$47.18	$49.48	−4.6%	−$1.7M
24	IntuitCOM · shares New	1.9%	—	$48.2M	123,830	New	$389.22	—	—	—
25	Marqeta IncCLASS A COM · shares −1.3% · price −14.2%	1.7%	1.3%	$42.7M	7.0M	−1.3%	$6.11	$7.12	−14.2%	−$7.1M
	Total · 34 positions	100%		$2.54B						+$46.6M

The filing on SEC EDGAR ↗

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 2022 to Q4 2022: 30 stocks held throughout, up $46.6M (+2.4%).

Deckers Outdoor Corp+$29.4M+28%
Dicks Sporting Goods Inc+$25.4M+15%
Bath & Body Works Inc+$21.9M+29%
Block+$18.0M+14%
Caesars Entertainment Inc Ne+$13.9M+29%
Marvell Technology Inc−$8.6M−14%
Amazon−$14.0M−26%
Bill Com Hldgs Inc−$15.3M−18%
Meta−$15.7M−11%
Tesla−$25.6M−54%

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.

$20.00B$10.00B$0

Q4 201927 quartersQ2 2026

Every quarter's filing

Each quarter's 13F filing, newest first
Quarter	Filed	Reported value	Positions	Filing
Q2 2026	Aug 14, 2026	$14.34B+187%	49	SEC ↗
Q1 2026	May 18, 2026	$5.00B−39%	54	SEC ↗
Q4 2025	Feb 17, 2026	$8.18B+59%	56	SEC ↗
Q3 2025	Nov 14, 2025	$5.13B+42%	58	SEC ↗
Q2 2025	Aug 14, 2025	$3.60B+9%	48	SEC ↗
Q1 2025	May 15, 2025	$3.29B−28%	44	SEC ↗
Q4 2024	Feb 14, 2025	$4.57B+16%	45	SEC ↗
Q3 2024	Nov 14, 2024	$3.93B+28%	43	SEC ↗
Q2 2024	Aug 14, 2024	$3.06B−30%	40	SEC ↗
Q1 2024	May 15, 2024	$4.41B+45%	38	SEC ↗
Q4 2023	Feb 14, 2024	$3.04B−0%	36	SEC ↗
Q3 2023	Nov 14, 2023	$3.06B−21%	29	SEC ↗
Q2 2023	Aug 14, 2023	$3.89B+19%	33	SEC ↗
Q1 2023	May 15, 2023	$3.27B+29%	34	SEC ↗
Q4 2022	Feb 14, 2023	$2.54B−33%	34	SEC ↗
Q3 2022	Nov 14, 2022	$3.80B+41%	40	SEC ↗
Q2 2022	Aug 15, 2022	$2.69B−17%	42	SEC ↗
Q1 2022	May 16, 2022	$3.25B+1%	38	SEC ↗
Q4 2021	Feb 14, 2022	$3.20B−24%	36	SEC ↗
Q3 2021	Nov 15, 2021	$4.23B−24%	41	SEC ↗
Q2 2021	Aug 16, 2021	$5.60B+26%	44	SEC ↗
Q1 2021	May 28, 2021 (amended)	$4.43B+94%	53	SEC ↗
Q4 2020	Feb 16, 2021	$2.28B+116%	41	SEC ↗
Q3 2020	Nov 16, 2020	$1.06B+49%	33	SEC ↗
Q2 2020	Aug 14, 2020	$708.2M+57%	26	SEC ↗
Q1 2020	May 15, 2020	$452.2M+4%	24	SEC ↗
Q4 2019	Feb 14, 2020	$435.9M	27	SEC ↗