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 |
SPCX
SpaceX
SPCX
|
+$4.64B |
| 2 |
CBRS
Cerebras Systems
CBRS
|
+$732M |
| 3 |
Meta Platforms (Facebook)
META
|
+$246M |
| 4 |
CRWV
CoreWeave
CRWV
|
+$142M |
| 5 |
Amphenol
APH
|
+$92.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Astera Labs
ALAB
|
+$570M |
| 2 |
Lumentum
LITE
|
+$188M |
| 3 |
ECHO
EchoStar
ECHO
|
+$117M |
| 4 |
Zoom
ZM
|
+$106M |
| 5 |
Rocket Companies
RKT
|
+$87.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 36.13% |
| 2 | Industrials | 32.95% |
| 3 | Consumer Discretionary | 3.85% |
| 4 | Communication Services | 2.95% |
| 5 | Financials | 1.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AXON
51
Axon Enterprise
AXON
$51B
| – | – |
-102,095
| Closed | -$43.4M |
|
52
JFrog
FROG
$11.4B
| – | – |
-554,987
| Closed | -$26M |
|
53
GlobalFoundries
GFS
$26.4B
| – | – |
-474,593
| Closed | -$21.1M |
|
54
HubSpot
HUBS
$12B
| – | – |
-232,115
| Closed | -$56.7M |
|
|
55
Lumentum
LITE
$77.7B
| – | – |
-267,389
| Closed | -$188M |
|
56
CALL
Roblox
RBLX
$27.4B
| – | – |
-1,000,000
| Closed | -$56.6M |
|
|
57
Roblox
RBLX
$27.4B
| – | – |
-1,383,703
| Closed | -$78.3M |
|
|
58
Rocket Companies
RKT
$39.4B
| – | – |
-6,114,947
| Closed | -$87.1M |
|
59
Ralph Lauren
RL
$22.2B
| – | – |
-128,837
| Closed | -$44.3M |
|
|
ECHO
60
EchoStar
ECHO
$25.2B
| – | – |
-1,000,346
| Closed | -$117M |
|
61
Snowflake
SNOW
$115B
| – | – |
-144,818
| Closed | -$21.8M |
|
62
Synopsys
SNPS
$76.2B
| – | – |
-136,925
| Closed | -$54.3M |
|
63
CALL
Unity
U
$20.7B
| – | – |
-1,500,000
| Closed | -$32.9M |
|
64
Visa
V
$693B
| – | – |
-71,641
| Closed | -$21.7M |
|
65
Vistra
VST
$45.7B
| – | – |
-523,788
| Closed | -$78.7M |
|
66
Wingstop
WING
$3.14B
| – | – |
-270,303
| Closed | -$41.9M |
|
|
67
Zoom
ZM
$31.5B
| – | – |
-1,315,605
| Closed | -$106M |
|
68
Rubrik
RBRK
$20.6B
| – | – |
-566,454
| Closed | -$27.7M |
|
|
CHYM
69
Chime Financial
CHYM
$12.4B
| – | – |
-1,622,734
| Closed | -$30.4M |
|
Similar funds
Gavin Baker's Q2 2026 Portfolio in Review
As of Q2 2026, Gavin Baker held 69 positions worth $14.3B, up 187% from $5B the previous quarter. Its ten largest holdings account for 77% of the portfolio.
Gavin Baker deployed $6.59B of net new capital in Q2 2026, opening 15 new positions and adding to 27 existing holdings. Its largest new stake was SpaceX: 27,332,943 shares worth $4.67B.
By sector, the portfolio is most concentrated in Technology at 36% of assets, down from 54% a quarter earlier, followed by Industrials and Consumer Discretionary.
On the sell side, the largest reduction was Astera Labs, an estimated $570M trimmed.
- Gavin Baker's largest Q2 2026 buy was SpaceX: 27,332,943 shares worth $4.67B.
- Gavin Baker added most to CoreWeave in Q2 2026, an estimated $142M increase.
- Gavin Baker's biggest Q2 2026 reduction was Astera Labs, cutting an estimated $570M.
- Gavin Baker fully exited Lumentum in Q2 2026, selling an estimated $188M.
- Gavin Baker's ten largest holdings make up 77% of its $14.3B portfolio in Q2 2026.
- Gavin Baker opened 15 new positions and closed 20 in Q2 2026.
- Gavin Baker's portfolio value rose 187% quarter-over-quarter to $14.3B.
Based on Atreides Management's 13F filing for Q2 2026, filed 14 Aug 2026.