Gavin Baker Atreides Management
Gavin Baker is the founder of Atreides Management, a long/short equity firm focused on technology and innovation. He previously managed growth strategies at Fidelity, where he built a reputation for early research into cloud software, semiconductors, and internet platforms. Baker’s public portfolio is often studied for high-conviction technology themes and cyclical semiconductor exposure.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWTR
Twitter, Inc.
TWTR
|
+$288M |
| 2 |
Advanced Micro Devices
AMD
|
+$261M |
| 3 |
TJX Companies
TJX
|
+$99M |
| 4 |
WIX.com
WIX
|
+$96M |
| 5 |
Wayfair
W
|
+$80.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FISV
Fiserv Inc
FISV
|
+$74.3M |
| 2 |
LendingTree
TREE
|
+$68.1M |
| 3 |
Snap
SNAP
|
+$48.2M |
| 4 |
Pinterest
PINS
|
+$41.3M |
| 5 |
Wyndham Hotels & Resorts
WH
|
+$28.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 24.48% |
| 2 | Technology | 23.41% |
| 3 | Communication Services | 15.48% |
| 4 | Consumer Staples | 3.8% |
| 5 | Industrials | 1.75% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
FL
26
DELISTED
Foot Locker
FL
| $46.8M | 1.06% |
+831,600
| New | +$42.2M |
|
|
ZEN
27
DELISTED
ZENDESK INC
ZEN
| $46.7M | 1.05% |
352,000
+37,500
| +12% | +$5.37M |
|
28
Wynn Resorts
WYNN
$10.3B
| $46.5M | 1.05% |
370,700
+50,200
| +16% | +$6.05M |
|
29
PagSeguro Digital
PAGS
$2.38B
| $41.4M | 0.93% |
893,303
+256,603
| +40% | +$13.8M |
|
|
30
CALL
Wayfair
W
$13.9B
| $40.9M | 0.92% |
+130,000
| New | +$38.4M |
|
31
Nutanix
NTNX
$18.3B
| $40.6M | 0.92% |
+1,528,600
| New | +$46.5M |
|
32
Coherent
COHR
$56.7B
| $40.4M | 0.91% |
+590,800
| New | +$48.5M |
|
33
Planet Fitness
PLNT
$4.09B
| $40.3M | 0.91% |
+521,200
| New | +$41.4M |
|
34
MGM Resorts International
MGM
$11B
| $38.6M | 0.87% |
+1,016,500
| New | +$35.5M |
|
35
Boston Beer
SAM
$1.91B
| $35.1M | 0.79% |
29,100
-6,200
| -18% | -$6.5M |
|
36
Twilio
TWLO
$34.6B
| $34.9M | 0.79% |
102,335
+59,500
| +139% | +$22.3M |
|
|
ATVI
37
DELISTED
Activision Blizzard
ATVI
| $31.9M | 0.72% |
343,146
-214,612
| -38% | -$20.2M |
|
38
Tesla
TSLA
$1.43T
| $30.2M | 0.68% |
135,864
| – | – |
|
39
Sonos
SONO
$1.87B
| $28.3M | 0.64% |
755,300
| – | – |
|
|
RDFN
40
DELISTED
Redfin
RDFN
| $26.2M | 0.59% |
393,896
+55,700
| +16% | +$4.25M |
|
41
Marriott International
MAR
$92.9B
| $26.2M | 0.59% |
177,000
-90,900
| -34% | -$12.4M |
|
42
Revolve Group
RVLV
$1.69B
| $24.1M | 0.54% |
535,500
-30,100
| -5% | -$1.23M |
|
43
Intel
INTC
$476B
| $23.2M | 0.52% |
+362,200
| New | +$21.6M |
|
44
TripAdvisor
TRIP
$1.17B
| $22.5M | 0.51% |
+419,000
| New | +$18M |
|
|
CMRC
45
Commerce.com Inc Series 1
CMRC
$184M
| $21.2M | 0.48% |
+366,700
| New | +$24.4M |
|
|
46
CALL
TJX Companies
TJX
$155B
| $16.5M | 0.37% |
+250,000
| New | +$16.7M |
|
47
Lamar Advertising Co
LAMR
$15.3B
| $16.2M | 0.37% |
+172,400
| New | +$15.2M |
|
48
Darden Restaurants
DRI
$25.2B
| $15M | 0.34% |
+105,800
| New | +$13.9M |
|
49
PAR Technology
PAR
$808M
| $14.9M | 0.34% |
227,589
-266,040
| -54% | -$19.8M |
|
50
ACV Auctions
ACVA
$1.26B
| $11.4M | 0.26% |
+330,000
| New | +$10.6M |
|
Similar funds
Gavin Baker's Q1 2021 Portfolio in Review
As of Q1 2021, Gavin Baker held 65 positions worth $4.43B, up 94% from $2.28B the previous quarter. Its ten largest holdings account for 58% of the portfolio.
Gavin Baker deployed $1.99B of net new capital in Q1 2021, opening 24 new positions and adding to 20 existing holdings. Its largest new stake was Twitter, Inc.: 4,705,400 shares worth $299M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 24% of assets, up from 20% a quarter earlier, followed by Technology and Communication Services.
On the sell side, the largest reduction was Roku, an estimated $22.5M trimmed.
- Gavin Baker's largest Q1 2021 buy was Twitter, Inc.: 4,705,400 shares worth $299M.
- Gavin Baker added most to Zillow in Q1 2021, an estimated $79.2M increase.
- Gavin Baker's biggest Q1 2021 reduction was Roku, cutting an estimated $22.5M.
- Gavin Baker fully exited Fiserv Inc in Q1 2021, selling an estimated $74.3M.
- Gavin Baker's ten largest holdings make up 58% of its $4.43B portfolio in Q1 2021.
- Gavin Baker opened 24 new positions and closed 12 in Q1 2021.
- Gavin Baker's portfolio value rose 94% quarter-over-quarter to $4.43B.
Based on Atreides Management's 13F filing for Q1 2021, filed 17 May 2021.