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 |
PENN Entertainment
PENN
|
+$356M |
| 2 |
Uber
UBER
|
+$229M |
| 3 |
Twilio
TWLO
|
+$118M |
| 4 |
Match Group
MTCH
|
+$117M |
| 5 |
PLAN
Anaplan, Inc.
PLAN
|
+$114M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Advanced Micro Devices
AMD
|
+$185M |
| 2 |
XYZ
Block Inc
XYZ
|
+$127M |
| 3 |
Boston Beer
SAM
|
+$117M |
| 4 |
Netflix
NFLX
|
+$102M |
| 5 |
Tapestry
TPR
|
+$75.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 35.44% |
| 2 | Communication Services | 28.39% |
| 3 | Technology | 21.15% |
| 4 | Financials | 2.48% |
| 5 | Healthcare | 2.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Alphabet (Google) Class A
GOOGL
$4.22T
| $64.8M | 1.53% |
485,060
-129,120
| -21% | -$17.6M |
|
|
TWTR
27
CALL
DELISTED
Twitter, Inc.
TWTR
| $60.4M | 1.43% |
+1,000,000
| New | +$65.7M |
|
28
Micron Technology
MU
$1.09T
| $50.5M | 1.19% |
711,812
-274,350
| -28% | -$20.6M |
|
|
29
CALL
Uber
UBER
$161B
| $44.8M | 1.06% |
+1,000,000
| New | +$43.7M |
|
30
Zillow
Z
$8.07B
| $42.1M | 0.99% |
477,469
-13,609
| -3% | -$1.38M |
|
31
Tesla
TSLA
$1.43T
| $35.1M | 0.83% |
135,864
| – | – |
|
32
ACV Auctions
ACVA
$1.26B
| $33.4M | 0.79% |
1,868,238
+1,524,991
| +444% | +$32.4M |
|
|
33
CALL
Boston Beer
SAM
$1.91B
| $25.5M | 0.6% |
+50,000
| New | +$34M |
|
34
Roku
ROKU
$23.4B
| $19.4M | 0.46% |
61,769
| – | – |
|
35
Joby Aviation
JOBY
$7.45B
| $10.1M | 0.24% |
+1,000,000
| New | +$10.1M |
|
36
Taboola.com
TBLA
$1.01B
| $6.13M | 0.14% |
725,000
| – | – |
|
|
CPARU
37
DELISTED
Catalyst Partners Acquisition Corp. Unit
CPARU
| $5.12M | 0.12% |
520,072
| – | – |
|
|
OLPX
38
DELISTED
Olaplex Holdings
OLPX
| $4.9M | 0.12% |
+200,000
| New | +$4.9M |
|
|
AGCUU
39
DELISTED
Altimeter Growth Corp Unit
AGCUU
| $4.43M | 0.1% |
416,057
| – | – |
|
40
Marvell Technology
MRVL
$213B
| $3.08M | 0.07% |
51,071
| – | – |
|
41
Owlet
OWLT
$152M
| $2.79M | 0.07% |
+35,714
| New | +$3.99M |
|
|
42
Advanced Micro Devices
AMD
$773B
| – | – |
-1,970,339
| Closed | -$185M |
|
43
CALL
Amazon
AMZN
$2.79T
| – | – |
-460,000
| Closed | -$79.1M |
|
|
44
Netflix
NFLX
$331B
| – | – |
-1,934,870
| Closed | -$102M |
|
45
Nutanix
NTNX
$18.3B
| – | – |
-1,255,075
| Closed | -$48M |
|
|
RDFN
46
DELISTED
Redfin
RDFN
| – | – |
-266,328
| Closed | -$16.9M |
|
47
SentinelOne
S
$7.26B
| – | – |
-25,000
| Closed | -$1.06M |
|
|
48
Boston Beer
SAM
$1.91B
| – | – |
-172,628
| Closed | -$117M |
|
49
SoFi Technologies
SOFI
$24.4B
| – | – |
-2,500,000
| Closed | -$47.9M |
|
50
Sonos
SONO
$1.87B
| – | – |
-785,620
| Closed | -$27.7M |
|
Similar funds
Gavin Baker's Q3 2021 Portfolio in Review
As of Q3 2021, Gavin Baker held 55 positions worth $4.23B, down 24% from $5.6B the previous quarter. Its ten largest holdings account for 57% of the portfolio.
Gavin Baker withdrew a net $1.16B in Q3 2021, closing 14 positions and reducing 13 holdings. Its most notable exit was Advanced Micro Devices, an estimated $185M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 35% of assets, up from 20% a quarter earlier, followed by Communication Services and Technology.
Against the trend, Gavin Baker opened a new position in PENN Entertainment worth $350M.
- Gavin Baker's largest Q3 2021 buy was PENN Entertainment: 4,836,746 shares worth $350M.
- Gavin Baker added most to Uber in Q3 2021, an estimated $229M increase.
- Gavin Baker's biggest Q3 2021 reduction was GoodRx Holdings, cutting an estimated $40.6M.
- Gavin Baker fully exited Advanced Micro Devices in Q3 2021, selling an estimated $185M.
- Gavin Baker's ten largest holdings make up 57% of its $4.23B portfolio in Q3 2021.
- Gavin Baker opened 11 new positions and closed 14 in Q3 2021.
- Gavin Baker's portfolio value fell 24% quarter-over-quarter to $4.23B.
Based on Atreides Management's 13F filing for Q3 2021, filed 15 Nov 2021.