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 |
Marvell Technology
MRVL
|
+$113M |
| 2 |
Tesla
TSLA
|
+$93.6M |
| 3 |
NVIDIA
NVDA
|
+$54.3M |
| 4 |
Intuit
INTU
|
+$49.1M |
| 5 |
Las Vegas Sands
LVS
|
+$48.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$218M |
| 2 |
Twilio
TWLO
|
+$85.8M |
| 3 |
FTCH
Farfetch Limited Class A Ordinary Shares
FTCH
|
+$81.3M |
| 4 |
Dick's Sporting Goods
DKS
|
+$62.1M |
| 5 |
CrowdStrike
CRWD
|
+$54.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 43.52% |
| 2 | Technology | 41.46% |
| 3 | Communication Services | 14.51% |
| 4 | Real Estate | 0.16% |
| 5 | Industrials | 0.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Advanced Micro Devices
AMD
$773B
| $236M | 9.29% |
3,637,192
+310,150
| +9% | +$20.5M |
|
|
2
Dick's Sporting Goods
DKS
$16.4B
| $195M | 7.7% |
1,622,522
-550,947
| -25% | -$62.1M |
|
|
XYZ
3
Block Inc
XYZ
$49.4B
| $159M | 6.27% |
2,530,586
+234,354
| +10% | +$14.5M |
|
4
Meta Platforms (Facebook)
META
$1.4T
| $159M | 6.26% |
1,318,993
+297,901
| +29% | +$35M |
|
|
5
Marvell Technology
MRVL
$213B
| $157M | 6.19% |
4,236,929
+2,766,866
| +188% | +$113M |
|
6
Deckers Outdoor
DECK
$12.5B
| $135M | 5.34% |
2,036,166
-533,682
| -21% | -$32.3M |
|
7
Bath & Body Works
BBWI
$3.92B
| $116M | 4.59% |
2,762,043
+469,358
| +20% | +$17.5M |
|
8
MGM Resorts International
MGM
$11B
| $110M | 4.33% |
3,271,609
+1,063,090
| +48% | +$36.8M |
|
|
P
9
Everpure Inc
P
$36.1B
| $101M | 3.98% |
3,772,288
+422,177
| +13% | +$12.3M |
|
10
ACV Auctions
ACVA
$1.26B
| $83.5M | 3.29% |
10,172,319
+37,843
| +0.4% | +$316K |
|
|
11
Tesla
TSLA
$1.43T
| $83M | 3.27% |
673,945
+494,083
| +275% | +$93.6M |
|
12
Liberty Media Series C
FWONK
$26.3B
| $77.9M | 3.07% |
1,347,866
+49,275
| +4% | +$2.82M |
|
13
Vail Resorts
MTN
$5.45B
| $77.1M | 3.04% |
323,343
+48,559
| +18% | +$11.4M |
|
14
HubSpot
HUBS
$12B
| $77M | 3.04% |
266,315
+39,600
| +17% | +$11.2M |
|
15
Take-Two Interactive
TTWO
$44.8B
| $75.6M | 2.98% |
725,587
-390,299
| -35% | -$42.3M |
|
16
BILL Holdings
BILL
$4.76B
| $75.4M | 2.97% |
692,368
+40,228
| +6% | +$4.83M |
|
17
Caesars Entertainment
CZR
$6.06B
| $62.1M | 2.45% |
1,493,069
-238,249
| -14% | -$10.6M |
|
18
Hyatt Hotels
H
$17B
| $57.7M | 2.28% |
638,133
-591,482
| -48% | -$54.3M |
|
|
19
Las Vegas Sands
LVS
$30.5B
| $55.1M | 2.17% |
+1,145,413
| New | +$48.6M |
|
|
20
NVIDIA
NVDA
$5.2T
| $54.1M | 2.14% |
+3,705,290
| New | +$54.3M |
|
21
On Holding
ONON
$10B
| $53.6M | 2.11% |
3,123,903
-1,232,982
| -28% | -$21.6M |
|
|
DISH
22
DELISTED
DISH Network Corp.
DISH
| $53.5M | 2.11% |
3,811,122
-384,295
| -9% | -$5.67M |
|
23
Procore
PCOR
$9.65B
| $50M | 1.97% |
1,060,641
+336,808
| +47% | +$17.2M |
|
|
24
Intuit
INTU
$100B
| $48.2M | 1.9% |
+123,830
| New | +$49.1M |
|
25
Marqeta
MQ
$1.7B
| $42.7M | 1.68% |
1,747,088
-22,378
| -1% | -$611K |
|
Similar funds
Gavin Baker's Q4 2022 Portfolio in Review
As of Q4 2022, Gavin Baker held 44 positions worth $2.54B, down 33% from $3.8B the previous quarter. Its ten largest holdings account for 57% of the portfolio.
Gavin Baker withdrew a net $1.26B in Q4 2022, closing 10 positions and reducing 9 holdings. Its most notable exit was Twilio, an estimated $85.8M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 44% of assets, up from 34% a quarter earlier, followed by Technology and Communication Services.
Against the trend, Gavin Baker opened a new position in NVIDIA worth $54.1M.
- Gavin Baker's largest Q4 2022 buy was NVIDIA: 3,705,290 shares worth $54.1M.
- Gavin Baker added most to Marvell Technology in Q4 2022, an estimated $113M increase.
- Gavin Baker's biggest Q4 2022 reduction was Amazon, cutting an estimated $218M.
- Gavin Baker fully exited Twilio in Q4 2022, selling an estimated $85.8M.
- Gavin Baker's ten largest holdings make up 57% of its $2.54B portfolio in Q4 2022.
- Gavin Baker opened 4 new positions and closed 10 in Q4 2022.
- Gavin Baker's portfolio value fell 33% quarter-over-quarter to $2.54B.
Based on Atreides Management's 13F filing for Q4 2022, filed 14 Feb 2023.