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 |
Meta Platforms (Facebook)
META
|
+$281M |
| 2 |
Amazon
AMZN
|
+$146M |
| 3 |
Dick's Sporting Goods
DKS
|
+$127M |
| 4 |
Shopify
SHOP
|
+$118M |
| 5 |
FTCH
Farfetch Limited Class A Ordinary Shares
FTCH
|
+$99.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$193M |
| 2 |
Take-Two Interactive
TTWO
|
+$103M |
| 3 |
Marriott International
MAR
|
+$85.1M |
| 4 |
Snap
SNAP
|
+$74M |
| 5 |
Coinbase
COIN
|
+$55.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 39.25% |
| 2 | Technology | 26.71% |
| 3 | Communication Services | 18.91% |
| 4 | Industrials | 2.77% |
| 5 | Real Estate | 1.94% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Amazon
AMZN
$2.79T
| $314M | 11.66% |
2,953,877
+1,170,237
| +66% | +$146M |
|
|
2
Meta Platforms (Facebook)
META
$1.4T
| $235M | 8.74% |
+1,459,110
| New | +$281M |
|
3
PUT
Invesco QQQ Trust
QQQ
$486B
| $168M | 6.25% |
600,000
-537,500
| -47% | -$167M |
|
|
4
Dick's Sporting Goods
DKS
$16.4B
| $141M | 5.24% |
1,872,173
+1,423,590
| +317% | +$127M |
|
5
Deckers Outdoor
DECK
$12.5B
| $100M | 3.72% |
2,353,356
+134,778
| +6% | +$5.88M |
|
6
Hyatt Hotels
H
$17B
| $94.3M | 3.51% |
1,276,350
+344,588
| +37% | +$29.9M |
|
7
CrowdStrike
CRWD
$195B
| $94.3M | 3.5% |
2,236,584
-1,120,300
| -33% | -$50.7M |
|
|
8
Take-Two Interactive
TTWO
$44.8B
| $94.1M | 3.5% |
768,289
-807,922
| -51% | -$103M |
|
9
Oracle
ORCL
$422B
| $92.1M | 3.42% |
+1,318,050
| New | +$96.5M |
|
|
XYZ
10
Block Inc
XYZ
$49.4B
| $91.3M | 3.39% |
1,484,706
+801,060
| +117% | +$73.2M |
|
|
11
Shopify
SHOP
$192B
| $86.1M | 3.2% |
+2,757,609
| New | +$118M |
|
12
Caesars Entertainment
CZR
$6.06B
| $86M | 3.2% |
2,245,449
+1,091,455
| +95% | +$60.8M |
|
13
BILL Holdings
BILL
$4.76B
| $82.5M | 3.07% |
750,737
+499,425
| +199% | +$72.7M |
|
|
DISH
14
DELISTED
DISH Network Corp.
DISH
| $81.3M | 3.02% |
4,533,878
+408,813
| +10% | +$9.91M |
|
15
dLocal
DLO
$4.46B
| $77.1M | 2.87% |
2,937,282
+368,108
| +14% | +$9.42M |
|
16
Tesla
TSLA
$1.43T
| $73.3M | 2.73% |
326,697
+175,665
| +116% | +$47.9M |
|
|
FTCH
17
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
| $69.7M | 2.59% |
+9,733,545
| New | +$99.6M |
|
|
18
CALL
Amazon
AMZN
$2.79T
| $69M | 2.57% |
+650,000
| New | +$81.3M |
|
19
Vail Resorts
MTN
$5.45B
| $60.2M | 2.24% |
275,872
-61,126
| -18% | -$15M |
|
20
Marqeta
MQ
$1.7B
| $57.8M | 2.15% |
+1,782,696
| New | +$70.1M |
|
21
Opendoor
OPEN
$3.43B
| $52.1M | 1.94% |
+11,425,761
| New | +$75.3M |
|
22
ACV Auctions
ACVA
$1.26B
| $51.9M | 1.93% |
7,936,215
+4,706,760
| +146% | +$48.4M |
|
23
Airbnb
ABNB
$110B
| $49.9M | 1.85% |
559,931
-402,978
| -42% | -$52.4M |
|
|
CFLT
24
DELISTED
Confluent
CFLT
| $43.6M | 1.62% |
+1,877,791
| New | +$50.5M |
|
25
American Eagle Outfitters
AEO
$2.71B
| $42.4M | 1.58% |
3,793,903
-2,397,284
| -39% | -$33.8M |
|
Similar funds
Gavin Baker's Q2 2022 Portfolio in Review
As of Q2 2022, Gavin Baker held 49 positions worth $2.69B, down 17% from $3.25B the previous quarter. Its ten largest holdings account for 53% of the portfolio.
Gavin Baker deployed $597M of net new capital in Q2 2022, opening 11 new positions and adding to 13 existing holdings. Its largest new stake was Meta Platforms (Facebook): 1,459,110 shares worth $235M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 39% of assets, up from 39% a quarter earlier, followed by Technology and Communication Services.
On the sell side, the largest reduction was Alphabet (Google) Class A, an estimated $193M trimmed.
- Gavin Baker's largest Q2 2022 buy was Meta Platforms (Facebook): 1,459,110 shares worth $235M.
- Gavin Baker added most to Amazon in Q2 2022, an estimated $146M increase.
- Gavin Baker's biggest Q2 2022 reduction was Alphabet (Google) Class A, cutting an estimated $193M.
- Gavin Baker fully exited Marriott International in Q2 2022, selling an estimated $85.1M.
- Gavin Baker's ten largest holdings make up 53% of its $2.69B portfolio in Q2 2022.
- Gavin Baker opened 11 new positions and closed 7 in Q2 2022.
- Gavin Baker's portfolio value fell 17% quarter-over-quarter to $2.69B.
Based on Atreides Management's 13F filing for Q2 2022, filed 15 Aug 2022.