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 |
Boston Beer
SAM
|
+$161M |
| 2 |
Amazon
AMZN
|
+$158M |
| 3 |
GoodRx Holdings
GDRX
|
+$127M |
| 4 |
Walt Disney
DIS
|
+$109M |
| 5 |
Coinbase
COIN
|
+$109M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TJX Companies
TJX
|
+$97.8M |
| 2 |
Advanced Micro Devices
AMD
|
+$85.5M |
| 3 |
FTCH
Farfetch Limited Class A Ordinary Shares
FTCH
|
+$77.5M |
| 4 |
Lyft
LYFT
|
+$69.4M |
| 5 |
CarGurus
CARG
|
+$63.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 21.84% |
| 2 | Consumer Discretionary | 19.83% |
| 3 | Technology | 17.72% |
| 4 | Consumer Staples | 5.04% |
| 5 | Financials | 2.75% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Dynatrace
DT
$14.2B
| $72.5M | 1.3% |
1,241,099
+240,999
| +24% | +$12.6M |
|
27
Liberty Media Series C
FWONK
$26.3B
| $72.2M | 1.29% |
+1,548,843
| New | +$68M |
|
28
WIX.com
WIX
$3.43B
| $60M | 1.07% |
206,782
-129,518
| -39% | -$36.3M |
|
29
Zillow
Z
$8.07B
| $60M | 1.07% |
491,078
-460,322
| -48% | -$56M |
|
30
Zoom
ZM
$31.5B
| $56.5M | 1.01% |
+145,913
| New | +$48.6M |
|
31
Nutanix
NTNX
$18.3B
| $48M | 0.86% |
1,255,075
-273,525
| -18% | -$8.52M |
|
32
SoFi Technologies
SOFI
$24.4B
| $47.9M | 0.86% |
+2,500,000
| New | +$46.3M |
|
33
MGM Resorts International
MGM
$11B
| $35.7M | 0.64% |
835,890
-180,610
| -18% | -$7.47M |
|
34
Tesla
TSLA
$1.43T
| $30.8M | 0.55% |
135,864
| – | – |
|
35
Twilio
TWLO
$34.6B
| $30.2M | 0.54% |
76,695
-25,640
| -25% | -$8.9M |
|
36
Roku
ROKU
$23.4B
| $28.4M | 0.51% |
61,769
+28,284
| +84% | +$10M |
|
37
Sonos
SONO
$1.87B
| $27.7M | 0.49% |
785,620
+30,320
| +4% | +$1.13M |
|
|
RDFN
38
DELISTED
Redfin
RDFN
| $16.9M | 0.3% |
266,328
-127,568
| -32% | -$7.8M |
|
39
ACV Auctions
ACVA
$1.26B
| $8.8M | 0.16% |
343,247
+13,247
| +4% | +$386K |
|
40
Taboola.com
TBLA
$1.01B
| $7.5M | 0.13% |
+725,000
| New | +$7.5M |
|
|
CPARU
41
DELISTED
Catalyst Partners Acquisition Corp. Unit
CPARU
| $5.25M | 0.09% |
+520,072
| New | +$5.23M |
|
|
AGCUU
42
DELISTED
Altimeter Growth Corp Unit
AGCUU
| $5.12M | 0.09% |
416,057
+16,057
| +4% | +$208K |
|
43
Marvell Technology
MRVL
$213B
| $2.98M | 0.05% |
+51,071
| New | +$2.5M |
|
44
SentinelOne
S
$7.26B
| $1.06M | 0.02% |
+25,000
| New | +$1.06M |
|
|
CMRC
45
Commerce.com Inc Series 1
CMRC
$184M
| – | – |
-366,700
| Closed | -$21.2M |
|
|
46
CarGurus
CARG
$3.28B
| – | – |
-2,667,368
| Closed | -$63.6M |
|
47
Darden Restaurants
DRI
$25.2B
| – | – |
-105,800
| Closed | -$15M |
|
|
FL
48
DELISTED
Foot Locker
FL
| – | – |
-831,600
| Closed | -$46.8M |
|
49
Intel
INTC
$476B
| – | – |
-362,200
| Closed | -$23.2M |
|
50
Lamar Advertising Co
LAMR
$15.3B
| – | – |
-172,400
| Closed | -$16.2M |
|
Similar funds
Gavin Baker's Q2 2021 Portfolio in Review
As of Q2 2021, Gavin Baker held 68 positions worth $5.6B, up 26% from $4.43B the previous quarter. Its ten largest holdings account for 62% of the portfolio.
Gavin Baker deployed $783M of net new capital in Q2 2021, opening 15 new positions and adding to 19 existing holdings. Its largest new stake was Amazon: 951,880 shares worth $164M.
By sector, the portfolio is most concentrated in Communication Services at 22% of assets, up from 15% a quarter earlier, followed by Consumer Discretionary and Technology.
On the sell side, the largest reduction was Advanced Micro Devices, an estimated $85.5M trimmed.
- Gavin Baker's largest Q2 2021 buy was Amazon: 951,880 shares worth $164M.
- Gavin Baker added most to Boston Beer in Q2 2021, an estimated $161M increase.
- Gavin Baker's biggest Q2 2021 reduction was Advanced Micro Devices, cutting an estimated $85.5M.
- Gavin Baker fully exited TJX Companies in Q2 2021, selling an estimated $97.8M.
- Gavin Baker's ten largest holdings make up 62% of its $5.6B portfolio in Q2 2021.
- Gavin Baker opened 15 new positions and closed 24 in Q2 2021.
- Gavin Baker's portfolio value rose 26% quarter-over-quarter to $5.6B.
Based on Atreides Management's 13F filing for Q2 2021, filed 16 Aug 2021.