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 |
Intel
INTC
|
+$213M |
| 2 |
Amazon
AMZN
|
+$202M |
| 3 |
XYZ
Block Inc
XYZ
|
+$194M |
| 4 |
Okta
OKTA
|
+$186M |
| 5 |
Roku
ROKU
|
+$129M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PENN Entertainment
PENN
|
+$350M |
| 2 |
TWTR
Twitter, Inc.
TWTR
|
+$350M |
| 3 |
Dick's Sporting Goods
DKS
|
+$232M |
| 4 |
Uber
UBER
|
+$166M |
| 5 |
Match Group
MTCH
|
+$121M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 34.8% |
| 2 | Technology | 34.35% |
| 3 | Communication Services | 20.29% |
| 4 | Financials | 5.96% |
| 5 | Consumer Staples | 2.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
CALL
FIVE9
FIVN
$2.45B
| $37.8M | 1.18% |
+275,000
| New | +$40.7M |
|
27
ACV Auctions
ACVA
$1.26B
| $36.9M | 1.15% |
1,956,573
+88,335
| +5% | +$1.73M |
|
28
Grab
GRAB
$14.2B
| $21M | 0.66% |
+2,940,660
| New | +$22.4M |
|
29
Peloton Interactive
PTON
$2.37B
| $11.6M | 0.36% |
+323,120
| New | +$19.7M |
|
30
Joby Aviation
JOBY
$7.45B
| $7.3M | 0.23% |
1,000,000
| – | – |
|
|
HCP
31
DELISTED
HashiCorp, Inc. Class A Common Stock
HCP
| $6.83M | 0.21% |
+75,000
| New | +$6.52M |
|
32
Taboola.com
TBLA
$1.01B
| $5.64M | 0.18% |
725,000
| – | – |
|
|
CPARU
33
DELISTED
Catalyst Partners Acquisition Corp. Unit
CPARU
| $5.51M | 0.17% |
550,473
+30,401
| +6% | +$302K |
|
|
BRDS
34
DELISTED
Bird Global, Inc.
BRDS
| $1.35M | 0.04% |
+8,778
| New | +$1.58M |
|
35
Owlet
OWLT
$152M
| $1.33M | 0.04% |
35,714
| – | – |
|
|
36
Grab Holdings Warrant
GRABW
$819K
| $186K | 0.01% |
+88,131
| New | +$195K |
|
37
Coherent
COHR
$56.7B
| – | – |
-1,539,633
| Closed | -$91.4M |
|
38
Dynatrace
DT
$14.2B
| – | – |
-1,143,407
| Closed | -$81.1M |
|
|
EA
39
DELISTED
Electronic Arts
EA
| – | – |
-717,562
| Closed | -$102M |
|
40
GoodRx Holdings
GDRX
$1.18B
| – | – |
-2,313,994
| Closed | -$94.9M |
|
41
CALL
Alphabet (Google) Class A
GOOGL
$4.22T
| – | – |
-1,500,000
| Closed | -$201M |
|
42
Marvell Technology
MRVL
$213B
| – | – |
-51,071
| Closed | -$3.08M |
|
|
43
Match Group
MTCH
$9.38B
| – | – |
-770,203
| Closed | -$121M |
|
|
OLPX
44
DELISTED
Olaplex Holdings
OLPX
| – | – |
-200,000
| Closed | -$4.9M |
|
|
45
PENN Entertainment
PENN
$2.5B
| – | – |
-4,836,746
| Closed | -$350M |
|
46
CALL
Boston Beer
SAM
$1.91B
| – | – |
-50,000
| Closed | -$25.5M |
|
|
47
CALL
Uber
UBER
$161B
| – | – |
-1,000,000
| Closed | -$44.8M |
|
48
Zillow
Z
$8.07B
| – | – |
-477,469
| Closed | -$42.1M |
|
|
TWTR
49
CALL
DELISTED
Twitter, Inc.
TWTR
| – | – |
-1,000,000
| Closed | -$60.4M |
|
|
TWTR
50
DELISTED
Twitter, Inc.
TWTR
| – | – |
-5,796,159
| Closed | -$350M |
|
Similar funds
Gavin Baker's Q4 2021 Portfolio in Review
As of Q4 2021, Gavin Baker held 52 positions worth $3.2B, down 24% from $4.23B the previous quarter. Its ten largest holdings account for 57% of the portfolio.
Gavin Baker withdrew a net $857M in Q4 2021, closing 16 positions and reducing 9 holdings. Its most notable exit was PENN Entertainment, an estimated $350M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 35% of assets, down from 35% a quarter earlier, followed by Technology and Communication Services.
Against the trend, Gavin Baker opened a new position in Intel worth $215M.
- Gavin Baker's largest Q4 2021 buy was Intel: 4,165,110 shares worth $215M.
- Gavin Baker added most to Amazon in Q4 2021, an estimated $202M increase.
- Gavin Baker's biggest Q4 2021 reduction was Dick's Sporting Goods, cutting an estimated $232M.
- Gavin Baker fully exited PENN Entertainment in Q4 2021, selling an estimated $350M.
- Gavin Baker's ten largest holdings make up 57% of its $3.2B portfolio in Q4 2021.
- Gavin Baker opened 11 new positions and closed 16 in Q4 2021.
- Gavin Baker's portfolio value fell 24% quarter-over-quarter to $3.2B.
Based on Atreides Management's 13F filing for Q4 2021, filed 14 Feb 2022.