AM
Atreides Management Portfolio holdings
AUM
$14.3B
Turnover
50.72%
1-Year Est. Return
116.01%
This Fund
S&P 500
This Quarter
Est. Return
+59.46%
1 Year Est. Return
+116.01%
3 Year Est. Return
+228.97%
5 Year Est. Return
+169.63%
10 Year Est. Return
–
AUM
$14.3B
AUM Growth
+$9.33B
(+187%)
Cap. Flow
+$4.54B
Cap. Flow
% of AUM
31.69%
Top 10 Holdings %
Top 10 Hldgs %
76.98%
Holding
69
New
15
Increased
27
Reduced
7
Closed
20
Avg Time Held Equity + Options
1.1
years
Top 10 Avg Time Held Equity + Options
0.4
years
Top 20 Avg Time Held Equity + Options
0.6
years
Avg Time Held Equity only
1.1
years
Top 10 Avg Time Held Equity only
0.5
years
Top 20 Avg Time Held Equity only
0.6
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
SpaceX
SPCX
|
+$4.64B |
| 2 |
Cerebras Systems
CBRS
|
+$732M |
| 3 |
Meta Platforms (Facebook)
META
|
+$246M |
| 4 |
CoreWeave
CRWV
|
+$142M |
| 5 |
Amphenol
APH
|
+$92.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Astera Labs
ALAB
|
+$570M |
| 2 |
Lumentum
LITE
|
+$188M |
| 3 |
EchoStar
ECHO
|
+$117M |
| 4 |
Zoom
ZM
|
+$106M |
| 5 |
Rocket Companies
RKT
|
+$87.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 36.13% |
| 2 | Industrials | 32.95% |
| 3 | Miscellaneous | 22.23% |
| 4 | Consumer Discretionary | 3.85% |
| 5 | Communication Services | 2.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
SpaceX
SPCX
$2.01T
| $4.67B | 32.58% |
+27,332,943
| New | +$4.64B |
2026 Q2
0 quarters
|
|
2
PUT
Invesco QQQ Trust
QQQ
$488B
| $2.36B | 16.44% |
3,200,000
+1,800,000
| +129% | +$1.24B |
2025 Q3
3 quarters
|
|
3
Micron Technology
MU
$1.03T
| $821M | 5.73% |
711,364
-49,062
| -6% | -$36.8M |
2024 Q1
9 quarters
|
|
|
4
Cerebras Systems
CBRS
$33.6B
| $687M | 4.79% |
+3,110,086
| New | +$732M |
2026 Q2
0 quarters
|
|
|
5
CALL
Meta Platforms (Facebook)
META
$1.88T
| $676M | 4.72% |
+1,200,000
| New | +$734M |
2026 Q2
0 quarters
|
|
|
6
Astera Labs
ALAB
$52.1B
| $588M | 4.1% |
1,216,795
-2,148,992
| -64% | -$570M |
2024 Q1
9 quarters
|
|
7
Ciena
CIEN
$51B
| $338M | 2.36% |
688,521
+11,714
| +2% | +$5.97M |
2025 Q2
4 quarters
|
|
8
Credo Technology Group
CRDO
$33.7B
| $307M | 2.14% |
1,129,285
+38,052
| +3% | +$7.52M |
2026 Q1
1 quarter
|
|
9
Palo Alto Networks
PANW
$307B
| $299M | 2.09% |
876,954
+315,157
| +56% | +$72.1M |
2026 Q1
1 quarter
|
|
10
Unity
U
$18.2B
| $293M | 2.04% |
10,245,819
-2,139,503
| -17% | -$56.9M |
2024 Q4
6 quarters
|
|
11
Coherent
COHR
$51.9B
| $253M | 1.77% |
642,101
+10,942
| +2% | +$3.87M |
2025 Q3
3 quarters
|
|
12
NVIDIA
NVDA
$5.34T
| $250M | 1.74% |
1,249,291
+699
| +0.1% | +$144K |
2025 Q1
5 quarters
|
|
13
Amazon
AMZN
$2.74T
| $231M | 1.61% |
969,629
+16,069
| +2% | +$4.03M |
2023 Q4
10 quarters
|
|
|
14
Meta Platforms (Facebook)
META
$1.88T
| $227M | 1.58% |
+402,770
| New | +$246M |
2026 Q2
0 quarters
|
|
|
15
CoreWeave
CRWV
$36.3B
| $212M | 1.48% |
2,124,845
+1,314,310
| +162% | +$142M |
2025 Q1
5 quarters
|
|
16
Alphabet (Google) Class A
GOOGL
$4.25T
| $175M | 1.22% |
488,296
-66,727
| -12% | -$24M |
2024 Q1
9 quarters
|
|
|
17
CALL
Cerebras Systems
CBRS
$33.6B
| $155M | 1.08% |
+700,000
| New | +$165M |
2026 Q2
0 quarters
|
|
18
Twilio
TWLO
$41.6B
| $149M | 1.04% |
720,338
-201,264
| -22% | -$35.7M |
2025 Q1
5 quarters
|
|
|
19
Amphenol
APH
$204B
| $113M | 0.79% |
+1,280,138
| New | +$92.3M |
2026 Q2
0 quarters
|
|
20
Akamai
AKAM
$13.2B
| $108M | 0.75% |
910,583
+227,746
| +33% | +$28.4M |
2026 Q1
1 quarter
|
|
21
Affirm
AFRM
$23.8B
| $104M | 0.72% |
1,273,050
+78,339
| +7% | +$5.12M |
2024 Q3
7 quarters
|
|
22
GitLab
GTLB
$8.86B
| $103M | 0.72% |
+3,373,169
| New | +$85.6M |
2026 Q2
0 quarters
|
|
23
Intel
INTC
$519B
| $92.7M | 0.65% |
663,802
+10,010
| +2% | +$1.01M |
2025 Q3
3 quarters
|
|
24
Semtech
SMTC
$15B
| $89.2M | 0.62% |
551,214
+9,402
| +2% | +$1.23M |
2025 Q2
4 quarters
|
|
25
Cipher Digital
CIFR
$4.13B
| $87.9M | 0.61% |
+3,586,409
| New | +$75.7M |
2026 Q2
0 quarters
|
|
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Atreides Management's Q2 2026 Portfolio in Review
As of Q2 2026, Atreides Management held 69 positions worth $14.3B, up 187% from $5B the previous quarter. Its ten largest holdings account for 77% of the portfolio.
Atreides Management deployed $4.54B of net new capital in Q2 2026, opening 15 new positions and adding to 27 existing holdings. Its largest new stake was SpaceX: 27,332,943 shares worth $4.67B.
By sector, the portfolio is most concentrated in Technology at 36% of assets, down from 54% a quarter earlier, followed by Industrials and Miscellaneous.
On the sell side, the largest reduction was Astera Labs, an estimated $570M trimmed.
- Atreides Management's largest Q2 2026 buy was SpaceX: 27,332,943 shares worth $4.67B.
- Atreides Management added most to CoreWeave in Q2 2026, an estimated $142M increase.
- Atreides Management's biggest Q2 2026 reduction was Astera Labs, cutting an estimated $570M.
- Atreides Management fully exited Lumentum in Q2 2026, selling an estimated $188M.
- Atreides Management's ten largest holdings make up 77% of its $14.3B portfolio in Q2 2026.
- Atreides Management opened 15 new positions and closed 20 in Q2 2026.
- Atreides Management's portfolio value rose 187% quarter-over-quarter to $14.3B.
Based on Atreides Management's 13F filing for Q2 2026, filed 14 Aug 2026.