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 |
Take-Two Interactive
TTWO
|
+$217M |
| 2 |
CrowdStrike
CRWD
|
+$156M |
| 3 |
Airbnb
ABNB
|
+$153M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$135M |
| 5 |
Vail Resorts
MTN
|
+$91.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intel
INTC
|
+$215M |
| 2 |
Okta
OKTA
|
+$175M |
| 3 |
Uber
UBER
|
+$144M |
| 4 |
Mastercard
MA
|
+$121M |
| 5 |
Walt Disney
DIS
|
+$114M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 38.89% |
| 2 | Communication Services | 25.01% |
| 3 | Technology | 20.4% |
| 4 | Financials | 1.7% |
| 5 | Industrials | 0.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
Invesco QQQ Trust
QQQ
$486B
| $412M | 12.7% |
+1,137,500
| New | +$404M |
|
2
Amazon
AMZN
$2.79T
| $291M | 8.96% |
1,783,640
-165,280
| -8% | -$25.5M |
|
|
3
Alphabet (Google) Class A
GOOGL
$4.22T
| $270M | 8.31% |
1,938,760
+996,460
| +106% | +$135M |
|
|
4
Take-Two Interactive
TTWO
$44.8B
| $242M | 7.47% |
1,576,211
+1,358,516
| +624% | +$217M |
|
|
5
CrowdStrike
CRWD
$195B
| $191M | 5.87% |
+3,356,884
| New | +$156M |
|
|
6
Airbnb
ABNB
$110B
| $165M | 5.1% |
+962,909
| New | +$153M |
|
7
Twilio
TWLO
$34.6B
| $133M | 4.09% |
805,081
+145,728
| +22% | +$26.6M |
|
|
DISH
8
DELISTED
DISH Network Corp.
DISH
| $131M | 4.02% |
4,125,065
-1,062,061
| -20% | -$33.6M |
|
9
American Eagle Outfitters
AEO
$2.71B
| $104M | 3.2% |
6,191,187
-1,372,701
| -18% | -$29M |
|
10
Deckers Outdoor
DECK
$12.5B
| $101M | 3.12% |
2,218,578
+565,506
| +34% | +$28.1M |
|
|
XYZ
11
Block Inc
XYZ
$49.4B
| $92.7M | 2.86% |
683,646
-209,646
| -23% | -$25.4M |
|
12
Caesars Entertainment
CZR
$6.06B
| $89.3M | 2.75% |
1,153,994
+141,239
| +14% | +$11.3M |
|
13
Hyatt Hotels
H
$17B
| $88.9M | 2.74% |
+931,762
| New | +$87.5M |
|
|
14
Vail Resorts
MTN
$5.45B
| $87.7M | 2.7% |
+336,998
| New | +$91.7M |
|
15
Marriott International
MAR
$92.9B
| $85.1M | 2.62% |
+484,282
| New | +$80.5M |
|
16
dLocal
DLO
$4.46B
| $80.3M | 2.47% |
2,569,174
+1,324,438
| +106% | +$40M |
|
17
Snap
SNAP
$8.86B
| $74M | 2.28% |
+2,055,814
| New | +$74.4M |
|
18
Liberty Media Series C
FWONK
$26.3B
| $64.8M | 2% |
959,280
-76,600
| -7% | -$4.56M |
|
19
BILL Holdings
BILL
$4.76B
| $57M | 1.76% |
+251,312
| New | +$52.4M |
|
20
Coinbase
COIN
$49.2B
| $55.3M | 1.7% |
291,035
+14,097
| +5% | +$2.75M |
|
21
Elastic
ESTC
$8.93B
| $54.8M | 1.69% |
616,374
+297,726
| +93% | +$26.6M |
|
22
Tesla
TSLA
$1.43T
| $54.3M | 1.67% |
151,032
+1,668
| +1% | +$520K |
|
23
ACV Auctions
ACVA
$1.26B
| $47.8M | 1.47% |
3,229,455
+1,272,882
| +65% | +$17.7M |
|
24
Dick's Sporting Goods
DKS
$16.4B
| $44.9M | 1.38% |
448,583
-840,815
| -65% | -$92.5M |
|
25
Micron Technology
MU
$1.09T
| $39.6M | 1.22% |
507,808
-961,869
| -65% | -$82M |
|
Similar funds
Gavin Baker's Q1 2022 Portfolio in Review
As of Q1 2022, Gavin Baker held 48 positions worth $3.25B, up 1.4% from $3.2B the previous quarter. Its ten largest holdings account for 63% of the portfolio.
Gavin Baker deployed $369M of net new capital in Q1 2022, opening 12 new positions and adding to 13 existing holdings. Its largest new stake was CrowdStrike: 3,356,884 shares worth $191M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 39% of assets, up from 35% a quarter earlier, followed by Communication Services and Technology.
On the sell side, the largest reduction was Dick's Sporting Goods, an estimated $92.5M trimmed.
- Gavin Baker's largest Q1 2022 buy was CrowdStrike: 3,356,884 shares worth $191M.
- Gavin Baker added most to Take-Two Interactive in Q1 2022, an estimated $217M increase.
- Gavin Baker's biggest Q1 2022 reduction was Dick's Sporting Goods, cutting an estimated $92.5M.
- Gavin Baker fully exited Intel in Q1 2022, selling an estimated $215M.
- Gavin Baker's ten largest holdings make up 63% of its $3.25B portfolio in Q1 2022.
- Gavin Baker opened 12 new positions and closed 10 in Q1 2022.
- Gavin Baker's portfolio value rose 1.4% quarter-over-quarter to $3.25B.
Based on Atreides Management's 13F filing for Q1 2022, filed 16 May 2022.