13F filer · CIK 1777813 ↗
Atreides Management
You are looking at Q4 2023. See the latest, Q2 2026 →
Reported value
$3.04B
−0.5% on the quarter before
Positions
36
18 new · 11 sold out
Top 10
58.4%
of the value
Est. gain
+$114.2M
on stocks held all quarter
Est. return
+7.2%
on those stocks since Q3 2023
Positions as of Dec 31, 2023, 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 2023. Striped tiles are options.
Largest buys
Since Q3 2023, 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.
- Mastercard~$120.1MNew · 0.0% → 3.9%+281,589 shares
- Oracle~$92.0MNew · 0.0% → 3.0%+872,383 shares
- Tesla~$88.5MAdded · 1.7% → 4.6%+356,034 shares
- BlockCALL~$77.3MNew · 0.0% → 2.5%+1,000,000 underlying
- AMDCALL~$73.7MNew · 0.0% → 2.4%+500,000 underlying
- Bill Holdings Inc~$73.3MNew · 0.0% → 2.4%+898,479 shares
- Sony Group Corp~$70.2MNew · 0.0% → 2.3%+741,475 shares
- Veeva Systems~$68.6MNew · 0.0% → 2.3%+356,492 shares
- Lowes Cos Inc~$68.1MNew · 0.0% → 2.2%+306,127 shares
- Juniper Networks Inc~$68.1MNew · 0.0% → 2.2%+2,308,899 shares
Largest sells
Since Q3 2023, 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.
- AMD~$296.2MCut · 11.5% → 6.8%−2,009,138 shares
- PayPal~$244.0MSold out · 8.0% → 0.0%−4,174,520 shares
- Microsoft~$189.3MCut · 6.7% → 1.8%−503,513 shares
- Alphabet~$162.4MSold out · 5.3% → 0.0%−1,240,957 shares
- NvidiaCALL~$117.4MSold out · 3.8% → 0.0%−270,000 underlying
- Meta~$113.3MSold out · 3.7% → 0.0%−377,380 shares
- Block~$108.6MCut · 3.2% → 2.1%−1,403,448 shares
- Everpure~$82.0MCut · 9.1% → 6.4%−2,299,014 shares
- SeaCALL~$65.9MSold out · 2.2% → 0.0%−1,500,000 underlying
- Bath & Body Works Inc~$62.3MCut · 4.9% → 4.3%−1,442,456 shares
Holdings
As of Dec 31, 2023. Changes are in shares against Sep 30, 2023, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| RhCOM · shares −1.1% · price +10.3% | 10.0% | $305.5M | +$28.4M | ||||||||
| SeaSPONSORD ADS · shares +6.4% · price −7.8% | 10.0% | $305.2M | −$24.4M | ||||||||
| AMDCOM · shares −59% · price +43.4% | 6.8% | $208.4M | +$63.0M | ||||||||
| EverpureCL A · shares −30% · price +0.1% | 6.4% | $195.9M | +$219,768 | ||||||||
| Acv Auctions IncCOM CL A · shares +1.7% · price −0.2% | 5.5% | $166.9M | −$324,872 | ||||||||
| TeslaCOM · shares +175% · price −0.7% | 4.6% | $138.9M | −$353,201 | ||||||||
| Bath & Body Works IncCOM · shares −32% · price +27.7% | 4.3% | $129.5M | +$28.1M | ||||||||
| MastercardCL A · shares New | 3.9% | $120.1M | — | ||||||||
| CienaCOM NEW · shares +55% · price −4.8% | 3.8% | $114.8M | −$3.7M | ||||||||
| OracleCOM · shares New | 3.0% | $92.0M | — | ||||||||
| BlockCALLCL A · shares New | 2.5% | $77.3M | — | ||||||||
| AMDCALLCOM · shares New | 2.4% | $73.7M | — | ||||||||
| Bill Holdings IncCOM · shares New | 2.4% | $73.3M | — | ||||||||
| Sony Group CorpSPONSORED ADR · shares New | 2.3% | $70.2M | — | ||||||||
| Veeva SystemsCL A COM · shares New | 2.3% | $68.6M | — | ||||||||
| Lowes Cos IncCOM · shares New | 2.2% | $68.1M | — | ||||||||
| Juniper Networks IncCOM · shares New | 2.2% | $68.1M | — | ||||||||
| AmazonCOM · shares New | 2.1% | $64.2M | — | ||||||||
| BlockCL A · shares −63% · price +74.8% | 2.1% | $64.2M | +$27.5M | ||||||||
| ToastCL A · shares New | 2.0% | $60.9M | — | ||||||||
| Liberty Media Corp DelCOM LBTY ONE S C · shares +111% · price +1.3% | 1.9% | $58.8M | +$365,694 | ||||||||
| RhCALLCOM · shares New | 1.9% | $58.3M | — | ||||||||
| FortinetCOM · shares New | 1.8% | $55.9M | — | ||||||||
| MicrosoftCOM · shares −78% · price +19.1% | 1.8% | $54.8M | +$8.8M | ||||||||
| EverpureCALLCL A · shares New | 1.8% | $53.5M | — | ||||||||
| Total · 36 positions | 100% | $3.04B | +$114.2M |
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 2023 to Q4 2023: 18 stocks held throughout, up $114.2M (+7.2%).
- AMD+$63.0M+43%
- Rh+$28.4M+10%
- Bath & Body Works Inc+$28.1M+28%
- Block+$27.5M+75%
- Microsoft+$8.8M+19%
- Tesla−$353,201−1%
- Ciena−$3.7M−5%
- Sonder Holdings Inc−$4.9M−59%
- Confluent Inc−$12.6M−21%
- Sea−$24.4M−8%
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 ↗ |