13F filer · CIK 1777813 ↗
Atreides Management
You are looking at Q1 2024. See the latest, Q2 2026 →
Reported value
$4.41B
+45% on the quarter before
Positions
38
18 new · 16 sold out
Top 10
61.2%
of the value
Est. gain
+$282.8M
on stocks held all quarter
Est. return
+19.8%
on those stocks since Q4 2023
Positions as of Mar 31, 2024, 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 Q4 2023. Striped tiles are options.
Largest buys
Since Q4 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.
- Invesco Qqq TrPUT~$888.0MNew · 0.0% → 20.2%+2,000,000 underlying
- Marvell Technology Inc~$298.1MNew · 0.0% → 6.8%+4,205,582 shares
- Astera Labs~$197.8MNew · 0.0% → 4.5%+2,665,792 shares
- Micron~$181.4MNew · 0.0% → 4.1%+1,538,826 shares
- Alphabet~$135.1MNew · 0.0% → 3.1%+895,210 shares
- Marvell Technology IncCALL~$106.3MNew · 0.0% → 2.4%+1,500,000 underlying
- MongoDB~$105.6MNew · 0.0% → 2.4%+294,577 shares
- Ralph Lauren Corp~$82.9MNew · 0.0% → 1.9%+441,580 shares
- Amazon~$72.2MAdded · 2.1% → 3.4%+400,538 shares
- Elastic N V~$71.9MNew · 0.0% → 1.6%+716,878 shares
Largest sells
Since Q4 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.
- Rh~$280.1MCut · 10.0% → 1.9%−804,261 shares
- Everpure~$145.1MCut · 6.4% → 3.2%−2,790,864 shares
- Sea~$141.4MCut · 10.0% → 6.0%−2,631,860 shares
- Oracle~$92.0MSold out · 3.0% → 0.0%−872,383 shares
- BlockCALL~$77.3MSold out · 2.5% → 0.0%−1,000,000 underlying
- AMDCALL~$73.7MSold out · 2.4% → 0.0%−500,000 underlying
- Bill Holdings Inc~$73.3MSold out · 2.4% → 0.0%−898,479 shares
- AMD~$71.6MCut · 6.8% → 4.2%−396,468 shares
- Tesla~$71.4MCut · 4.6% → 0.6%−406,108 shares
- Sony Group Corp~$70.2MSold out · 2.3% → 0.0%−741,475 shares
Holdings
As of Mar 31, 2024. Changes are in shares against Dec 31, 2023, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Invesco Qqq TrPUTUNIT SER 1 · shares New | 20.2% | $888.0M | — | ||||||||
| Marvell Technology IncCOM · shares New | 6.8% | $298.1M | — | ||||||||
| SeaSPONSORD ADS · shares −35% · price +32.6% | 6.0% | $263.4M | +$64.8M | ||||||||
| Acv Auctions IncCOM CL A · shares +0.3% · price +23.9% | 4.7% | $207.2M | +$39.9M | ||||||||
| Astera LabsCOM · shares New | 4.5% | $197.8M | — | ||||||||
| AMDCOM · shares −28% · price +22.4% | 4.2% | $183.6M | +$33.6M | ||||||||
| MicronCOM · shares New | 4.1% | $181.4M | — | ||||||||
| Bath & Body Works IncCOM · shares +13% · price +15.9% | 3.8% | $169.5M | +$20.6M | ||||||||
| CienaCOM NEW · shares +25% · price +9.9% | 3.6% | $157.8M | +$11.3M | ||||||||
| AmazonCOM · shares +95% · price +18.7% | 3.4% | $148.5M | +$12.0M | ||||||||
| EverpureCL A · shares −51% · price +45.8% | 3.2% | $140.5M | +$44.1M | ||||||||
| MastercardCL A · shares +0.2% · price +12.9% | 3.1% | $135.8M | +$15.5M | ||||||||
| AlphabetCAP STK CL A · shares New | 3.1% | $135.1M | — | ||||||||
| BlockCL A · shares +71% · price +9.3% | 2.7% | $120.3M | +$6.0M | ||||||||
| Marvell Technology IncCALLCOM · shares New | 2.4% | $106.3M | — | ||||||||
| MongoDBCL A · shares New | 2.4% | $105.6M | — | ||||||||
| RhCOM · shares −77% · price +19.5% | 1.9% | $84.9M | +$13.8M | ||||||||
| Ralph Lauren CorpCL A · shares New | 1.9% | $82.9M | — | ||||||||
| MicrosoftCOM · shares +24% · price +11.9% | 1.7% | $75.8M | +$6.5M | ||||||||
| Elastic N VORD SHS · shares New | 1.6% | $71.9M | — | ||||||||
| Confluent IncCLASS A COM · shares +0.3% · price +30.4% | 1.4% | $62.0M | +$14.4M | ||||||||
| Wayfair IncCL A · shares +92% · price +10.0% | 1.4% | $61.0M | +$2.9M | ||||||||
| RhCALLCOM · shares −17% | 1.3% | $57.8M | — | ||||||||
| LumentumCOM · shares New | 1.3% | $57.5M | — | ||||||||
| Veeva SystemsCL A COM · shares −36% · price +20.3% | 1.2% | $52.8M | +$8.9M | ||||||||
| Total · 38 positions | 100% | $4.41B | +$282.8M |
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 Q4 2023 to Q1 2024: 19 stocks held throughout, up $282.8M (+19.8%).
- Sea+$64.8M+33%
- Everpure+$44.1M+46%
- Acv Auctions Inc+$39.9M+24%
- AMD+$33.6M+22%
- Bath & Body Works Inc+$20.6M+16%
- Sonder Holdings Inc−$435,427−13%
- Joby Aviation Inc−$1.3M−19%
- Tesla−$11.1M−29%
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 ↗ |