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Gavin Baker Atreides Management

AUM $14.3B
1-Year Est. Return 116.01%
 

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.

This Fund
S&P 500
This Quarter Est. Return
+1.54%
1 Year Est. Return
+116.01%
3 Year Est. Return
+228.97%
5 Year Est. Return
+169.63%
10 Year Est. Return
–
AUM
$3.06B
AUM Growth
-$1.34B
Cap. Flow
-$1.38B
Cap. Flow %
-45.09%
Top 10 Hldgs %
49.71%
Holding
52
New
14
Increased
10
Reduced
13
Closed
12

Top Buys

Rank Stock Value
1
ADBE icon
Adobe
ADBE
+$126M
2
HPE icon
Hewlett Packard
HPE
+$110M
3
TSLA icon
Tesla
TSLA
+$96.1M
4
SHW icon
Sherwin-Williams
SHW
+$69M
5
AAPL icon
Apple
AAPL
+$61M

Top Sells

Rank Stock Value
1
SE icon
Sea Limited
SE
+$209M
2
MRVL icon
Marvell Technology
MRVL
+$117M
3
MDB icon
MongoDB
MDB
+$106M
4
MU icon
Micron Technology
MU
+$102M
5
MSFT icon
Microsoft
MSFT
+$75.8M

Sector Composition

Rank Sector Weight
1 Technology 57.14%
2 Consumer Discretionary 31.82%
3 Communication Services 6.49%
4 Materials 2.17%
5 Financials 1.73%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IOT icon
26
Samsara
IOT
$23.3B
$49.7M 1.62%
+1,473,747
New +$50.8M
MELI icon
27
Mercado Libre
MELI
$97.5B
$43.7M 1.43%
+26,610
New +$42M
META icon
28
Meta Platforms (Facebook)
META
$1.4T
$42.2M 1.38%
+83,611
New +$40.6M
RBLX icon
29
Roblox
RBLX
$27.4B
$38M 1.24%
+1,021,940
New +$36.4M
GRAB icon
30
Grab
GRAB
$14.2B
$35.5M 1.16%
+10,012,764
New +$35.2M
S icon
31
SentinelOne
S
$7.26B
$33.7M 1.1%
+1,602,310
New +$32.9M
KVYO icon
32
Klaviyo
KVYO
$5.22B
$22.4M 0.73%
901,811
-846,504
-48% -$19.8M
SBUX icon
33
Starbucks
SBUX
$122B
$21.8M 0.71%
+280,473
New +$22.8M
RDDT icon
34
Reddit
RDDT
$29.5B
$18M 0.59%
281,942
-113,535
-29% -$5.98M
AMT icon
35
American Tower
AMT
$81.9B
$14.9M 0.49%
+76,564
New +$14.3M
AMKR icon
36
Amkor Technology
AMKR
$12.5B
$8.5M 0.28%
+212,388
New +$7.03M
DKNG icon
37
DraftKings
DKNG
$13B
$8.25M 0.27%
+216,141
New +$8.97M
JOBY icon
38
Joby Aviation
JOBY
$7.45B
$5.1M 0.17%
1,000,000
– –
SOND
39
DELISTED
Sonder
SOND
$4.69M 0.15%
1,012,621
– –
TBLA icon
40
Taboola.com
TBLA
$1.01B
$2.49M 0.08%
725,000
– –
CCI icon
41
Crown Castle
CCI
$32.1B
– –
-281,168
Closed -$29.8M
FWONK icon
42
Liberty Media Series C
FWONK
$26.3B
– –
-431,747
Closed -$28.3M
MDB icon
43
MongoDB
MDB
$34.7B
– –
-294,577
Closed -$106M
MRVL icon
44
CALL
Marvell Technology
MRVL
$213B
– –
-1,500,000
Closed -$106M
MSFT icon
45
Microsoft
MSFT
$3.59T
– –
-180,225
Closed -$75.8M
ONON icon
46
On Holding
ONON
$10B
– –
-1,191,261
Closed -$42.1M
QQQ icon
47
PUT
Invesco QQQ Trust
QQQ
$486B
– –
-2,000,000
Closed -$888M
RH icon
48
CALL
RH
RH
$2.9B
– –
-165,900
Closed -$57.8M
SE icon
49
CALL
Sea Limited
SE
$72B
– –
-350,000
Closed -$18.8M
STZ icon
50
Constellation Brands
STZ
$23.2B
– –
-167,641
Closed -$45.6M
1
2
3

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Gavin Baker's Q2 2024 Portfolio in Review

As of Q2 2024, Gavin Baker held 52 positions worth $3.06B, down 30% from $4.41B the previous quarter. Its ten largest holdings account for 50% of the portfolio.

Gavin Baker withdrew a net $1.38B in Q2 2024, closing 12 positions and reducing 13 holdings. Its most notable exit was MongoDB, an estimated $106M position sold in full.

By sector, the portfolio is most concentrated in Technology at 57% of assets, up from 40% a quarter earlier, followed by Consumer Discretionary and Communication Services.

Against the trend, Gavin Baker opened a new position in Adobe worth $145M.

  • Gavin Baker's largest Q2 2024 buy was Adobe: 261,014 shares worth $145M.
  • Gavin Baker added most to Tesla in Q2 2024, an estimated $96.1M increase.
  • Gavin Baker's biggest Q2 2024 reduction was Sea Limited, cutting an estimated $209M.
  • Gavin Baker fully exited MongoDB in Q2 2024, selling an estimated $106M.
  • Gavin Baker's ten largest holdings make up 50% of its $3.06B portfolio in Q2 2024.
  • Gavin Baker opened 14 new positions and closed 12 in Q2 2024.
  • Gavin Baker's portfolio value fell 30% quarter-over-quarter to $3.06B.

Based on Atreides Management's 13F filing for Q2 2024, filed 14 Aug 2024.