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 |
American Eagle Outfitters
AEO
|
+$81.9M |
| 2 |
FISV
Fiserv Inc
FISV
|
+$70M |
| 3 |
Uber
UBER
|
+$48.3M |
| 4 |
Snap
SNAP
|
+$42.9M |
| 5 |
Deckers Outdoor
DECK
|
+$27.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Restaurant Brands International
QSR
|
+$47M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$42M |
| 3 |
RDFN
Redfin
RDFN
|
+$36.3M |
| 4 |
Amazon
AMZN
|
+$33.9M |
| 5 |
Roku
ROKU
|
+$32.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 37.8% |
| 2 | Consumer Discretionary | 18.46% |
| 3 | Communication Services | 15.48% |
| 4 | Consumer Staples | 6.9% |
| 5 | Real Estate | 1.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $104M | 9.88% |
+312,000
| New | +$103M |
|
|
2
American Eagle Outfitters
AEO
$2.71B
| $102M | 9.62% |
+6,867,400
| New | +$81.9M |
|
|
FISV
3
Fiserv Inc
FISV
$28B
| $72.5M | 6.85% |
+703,300
| New | +$70M |
|
4
Walt Disney
DIS
$186B
| $66.2M | 6.26% |
533,820
+154,600
| +41% | +$19.3M |
|
|
5
CALL
Walt Disney
DIS
$186B
| $62M | 5.87% |
+500,000
| New | +$62.5M |
|
|
ATVI
6
DELISTED
Activision Blizzard
ATVI
| $54.8M | 5.18% |
676,446
+47,000
| +7% | +$3.81M |
|
|
7
Uber
UBER
$161B
| $53.4M | 5.05% |
+1,463,029
| New | +$48.3M |
|
|
8
Snap
SNAP
$8.86B
| $48.1M | 4.55% |
+1,843,227
| New | +$42.9M |
|
|
XYZ
9
Block Inc
XYZ
$49.4B
| $45.9M | 4.34% |
282,302
-163,320
| -37% | -$23.1M |
|
10
Micron Technology
MU
$1.09T
| $44.7M | 4.22% |
951,250
+124,400
| +15% | +$6.02M |
|
11
Boston Beer
SAM
$1.91B
| $41M | 3.88% |
46,400
-4,300
| -8% | -$3.4M |
|
12
Target
TGT
$75.1B
| $32M | 3.03% |
203,500
+45,900
| +29% | +$6.3M |
|
|
ZEN
13
DELISTED
ZENDESK INC
ZEN
| $30.3M | 2.87% |
+294,600
| New | +$27.6M |
|
|
14
Deckers Outdoor
DECK
$12.5B
| $29.4M | 2.78% |
+802,200
| New | +$27.7M |
|
15
Intel
INTC
$476B
| $27.3M | 2.58% |
527,500
+102,500
| +24% | +$5.33M |
|
16
PAR Technology
PAR
$808M
| $25.8M | 2.44% |
636,803
-180,000
| -22% | -$6.43M |
|
17
Booking.com
BKNG
$158B
| $20.1M | 1.9% |
+294,125
| New | +$20.7M |
|
18
Tesla
TSLA
$1.43T
| $19.4M | 1.84% |
135,864
-139,791
| -51% | -$16.5M |
|
|
19
Roku
ROKU
$23.4B
| $16.8M | 1.59% |
89,185
-206,400
| -70% | -$32.6M |
|
20
NVIDIA
NVDA
$5.2T
| $16.2M | 1.53% |
1,193,920
-1,236,000
| -51% | -$14.4M |
|
|
21
CALL
NVIDIA
NVDA
$5.2T
| $16.1M | 1.53% |
+1,192,000
| New | +$13.9M |
|
|
DISH
22
DELISTED
DISH Network Corp.
DISH
| $15.7M | 1.49% |
+541,100
| New | +$17.9M |
|
|
23
CALL
Micron Technology
MU
$1.09T
| $15.3M | 1.44% |
+325,000
| New | +$15.7M |
|
24
Norwegian Cruise Line
NCLH
$7.92B
| $13.4M | 1.27% |
+785,600
| New | +$12.4M |
|
25
Sonos
SONO
$1.87B
| $11.4M | 1.08% |
753,400
+56,200
| +8% | +$828K |
|
Similar funds
Gavin Baker's Q3 2020 Portfolio in Review
As of Q3 2020, Gavin Baker held 44 positions worth $1.06B, up 49% from $708M the previous quarter. Its ten largest holdings account for 62% of the portfolio.
Gavin Baker deployed $204M of net new capital in Q3 2020, opening 18 new positions and adding to 6 existing holdings. Its largest new stake was American Eagle Outfitters: 6,867,400 shares worth $102M.
By sector, the portfolio is most concentrated in Technology at 38% of assets, down from 41% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was Redfin, an estimated $36.3M trimmed.
- Gavin Baker's largest Q3 2020 buy was American Eagle Outfitters: 6,867,400 shares worth $102M.
- Gavin Baker added most to Walt Disney in Q3 2020, an estimated $19.3M increase.
- Gavin Baker's biggest Q3 2020 reduction was Redfin, cutting an estimated $36.3M.
- Gavin Baker fully exited Restaurant Brands International in Q3 2020, selling an estimated $47M.
- Gavin Baker's ten largest holdings make up 62% of its $1.06B portfolio in Q3 2020.
- Gavin Baker opened 18 new positions and closed 11 in Q3 2020.
- Gavin Baker's portfolio value rose 49% quarter-over-quarter to $1.06B.
Based on Atreides Management's 13F filing for Q3 2020, filed 16 Nov 2020.