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Atreides Management Portfolio holdings

AUM $5B
1-Year Est. Return 78.34%
This Fund
S&P 500
This Quarter Est. Return
+31.65%
1 Year Est. Return
+78.34%
3 Year Est. Return
+140.1%
5 Year Est. Return
+86.47%
10 Year Est. Return
–
AUM
$3.6B
AUM Growth
+$310M
Cap. Flow
-$551M
Cap. Flow %
-15.29%
Top 10 Hldgs %
47.1%
Holding
61
New
17
Increased
13
Reduced
15
Closed
13

Top Buys

Rank Stock Value
1
P
Everpure Inc
P
+$177M
2
DKS icon
Dick's Sporting Goods
DKS
+$162M
3
GTLB icon
GitLab
GTLB
+$161M
4
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$125M
5
CIEN icon
Ciena
CIEN
+$90.6M

Top Sells

Rank Stock Value
1
ALAB icon
Astera Labs
ALAB
+$292M
2
CRWV
CoreWeave
CRWV
+$159M
3
MSFT icon
Microsoft
MSFT
+$158M
4
RH icon
RH
RH
+$111M
5
ULTA icon
Ulta Beauty
ULTA
+$79.7M

Sector Composition

Rank Sector Weight
1 Technology 51.05%
2 Consumer Discretionary 22.83%
3 Communication Services 12.41%
4 Financials 6.53%
5 Industrials 5.47%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SE icon
26
Sea Limited
SE
$61.2B
$54.6M 1.51%
+341,083
New +$49.4M
RL icon
27
Ralph Lauren
RL
$22.2B
$49.2M 1.36%
179,276
+12,640
+8% +$3.13M
MELI icon
28
Mercado Libre
MELI
$91.3B
$46.8M 1.3%
+17,923
New +$41.9M
AXON
29
Axon Enterprise
AXON
$40.5B
$43.3M 1.2%
52,254
-10,647
-17% -$7.24M
RBRK icon
30
Rubrik
RBRK
$15.1B
$42.2M 1.17%
+471,280
New +$37.3M
AMSC icon
31
American Superconductor
AMSC
$1.48B
$40.5M 1.12%
1,104,458
+280,418
+34% +$6.89M
NU icon
32
Nu Holdings
NU
$68.1B
$37.7M 1.04%
+2,744,184
New +$32.9M
BLDR icon
33
Builders FirstSource
BLDR
$7.84B
$37.6M 1.04%
+322,151
New +$37.2M
W icon
34
Wayfair
W
$11.1B
$37.2M 1.03%
727,176
+78,106
+12% +$2.92M
MA icon
35
Mastercard
MA
$477B
$36.3M 1.01%
64,586
-1,019
-2% -$564K
AZO icon
36
AutoZone
AZO
$48.3B
$35.9M 1%
+9,660
New +$35.6M
S icon
37
SentinelOne
S
$6.22B
$34.8M 0.97%
1,902,821
-1,454,996
-43% -$26.6M
SMTC icon
38
Semtech
SMTC
$11.7B
$29.9M 0.83%
+661,941
New +$23.6M
FIVN icon
39
FIVE9
FIVN
$1.77B
$25.3M 0.7%
955,613
+338,817
+55% +$8.82M
CRWV
40
CoreWeave
CRWV
$39.2B
$25.2M 0.7%
154,563
-1,720,437
-92% -$159M
RKT icon
41
Rocket Companies
RKT
$36.9B
$24.6M 0.68%
+1,732,090
New +$22.5M
ROG icon
42
Rogers Corp
ROG
$2.33B
$12.9M 0.36%
+188,203
New +$12.1M
JOBY icon
43
Joby Aviation
JOBY
$6.82B
$10.6M 0.29%
1,000,000
– –
MU icon
44
Micron Technology
MU
$1.04T
$8.69M 0.24%
70,478
-819,364
-92% -$76.5M
TBLA icon
45
Taboola.com
TBLA
$1.32B
$2.65M 0.07%
725,000
– –
SOND
46
DELISTED
Sonder
SOND
$2.59M 0.07%
960,533
– –
VOYG
47
Voyager Technologies
VOYG
$1.5B
$393K 0.01%
+10,000
New +$477K
CHYM
48
Chime Financial
CHYM
$7.88B
$345K 0.01%
+10,000
New +$330K
AMD icon
49
CALL
Advanced Micro Devices
AMD
$851B
– –
-800,000
Closed -$82.2M
ASML icon
50
ASML
ASML
$675B
– –
-19,657
Closed -$13M
1
2
3

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Atreides Management's Q2 2025 Portfolio in Review

As of Q2 2025, Atreides Management held 61 positions worth $3.6B, up 9.4% from $3.29B the previous quarter. Its ten largest holdings account for 47% of the portfolio.

Atreides Management withdrew a net $551M in Q2 2025, closing 13 positions and reducing 15 holdings. Its most notable exit was Microsoft, an estimated $158M position sold in full.

By sector, the portfolio is most concentrated in Technology at 51% of assets, up from 49% a quarter earlier, followed by Consumer Discretionary and Communication Services.

Against the trend, Atreides Management opened a new position in Everpure Inc worth $205M.

  • Atreides Management's largest Q2 2025 buy was Everpure Inc: 3,552,486 shares worth $205M.
  • Atreides Management added most to GitLab in Q2 2025, an estimated $161M increase.
  • Atreides Management's biggest Q2 2025 reduction was Astera Labs, cutting an estimated $292M.
  • Atreides Management fully exited Microsoft in Q2 2025, selling an estimated $158M.
  • Atreides Management's ten largest holdings make up 47% of its $3.6B portfolio in Q2 2025.
  • Atreides Management opened 17 new positions and closed 13 in Q2 2025.
  • Atreides Management's portfolio value rose 9.4% quarter-over-quarter to $3.6B.

Based on Atreides Management's 13F filing for Q2 2025, filed 14 Aug 2025.