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 |
RH
RH
|
+$203M |
| 2 |
Datadog
DDOG
|
+$94.5M |
| 3 |
P
Everpure Inc
P
|
+$94.2M |
| 4 |
CFLT
Confluent
CFLT
|
+$88.8M |
| 5 |
CrowdStrike
CRWD
|
+$86.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
XYZ
Block Inc
XYZ
|
+$189M |
| 2 |
Meta Platforms (Facebook)
META
|
+$176M |
| 3 |
HubSpot
HUBS
|
+$77M |
| 4 |
Take-Two Interactive
TTWO
|
+$70.2M |
| 5 |
Las Vegas Sands
LVS
|
+$55.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 42.41% |
| 2 | Technology | 37.84% |
| 3 | Communication Services | 5.84% |
| 4 | Industrials | 0.13% |
| 5 | Real Estate | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Advanced Micro Devices
AMD
$773B
| $379M | 11.61% |
3,867,761
+230,569
| +6% | +$18.8M |
|
|
2
PUT
Advanced Micro Devices
AMD
$773B
| $309M | 9.45% |
+3,150,000
| New | +$256M |
|
3
Dick's Sporting Goods
DKS
$16.4B
| $236M | 7.23% |
1,664,889
+42,367
| +3% | +$5.64M |
|
4
Marvell Technology
MRVL
$213B
| $223M | 6.84% |
5,161,271
+924,342
| +22% | +$38.9M |
|
|
P
5
Everpure Inc
P
$36.1B
| $185M | 5.67% |
7,261,847
+3,489,559
| +93% | +$94.2M |
|
|
6
RH
RH
$2.9B
| $170M | 5.21% |
+698,553
| New | +$203M |
|
7
Deckers Outdoor
DECK
$12.5B
| $148M | 4.53% |
1,974,078
-62,088
| -3% | -$4.34M |
|
8
ACV Auctions
ACVA
$1.26B
| $132M | 4.06% |
10,260,409
+88,090
| +0.9% | +$963K |
|
9
Amazon
AMZN
$2.79T
| $130M | 3.98% |
1,257,295
+774,557
| +160% | +$74.8M |
|
10
Bath & Body Works
BBWI
$3.92B
| $120M | 3.68% |
3,286,878
+524,835
| +19% | +$22M |
|
11
MGM Resorts International
MGM
$11B
| $113M | 3.46% |
2,542,579
-729,030
| -22% | -$30.3M |
|
|
12
CrowdStrike
CRWD
$195B
| $103M | 3.15% |
+2,993,960
| New | +$86.6M |
|
13
Tesla
TSLA
$1.43T
| $95.8M | 2.93% |
461,552
-212,393
| -32% | -$37.1M |
|
|
14
Datadog
DDOG
$84.6B
| $93.6M | 2.87% |
+1,287,691
| New | +$94.5M |
|
|
CFLT
15
DELISTED
Confluent
CFLT
| $92.2M | 2.82% |
+3,830,805
| New | +$88.8M |
|
16
Caesars Entertainment
CZR
$6.06B
| $81.3M | 2.49% |
1,665,096
+172,027
| +12% | +$8.43M |
|
17
BILL Holdings
BILL
$4.76B
| $79.5M | 2.43% |
979,474
+287,106
| +41% | +$26.6M |
|
18
Vail Resorts
MTN
$5.45B
| $76.2M | 2.34% |
326,300
+2,957
| +0.9% | +$713K |
|
19
Liberty Media Series C
FWONK
$26.3B
| $70.2M | 2.15% |
970,214
-377,652
| -28% | -$25.5M |
|
|
XYZ
20
CALL
Block Inc
XYZ
$49.4B
| $68.7M | 2.1% |
+1,000,000
| New | +$74.9M |
|
|
21
Meta Platforms (Facebook)
META
$1.4T
| $60.5M | 1.85% |
285,474
-1,033,519
| -78% | -$176M |
|
22
Micron Technology
MU
$1.09T
| $55.6M | 1.7% |
+920,958
| New | +$54M |
|
23
CALL
Alphabet (Google) Class A
GOOGL
$4.22T
| $51.9M | 1.59% |
+500,000
| New | +$48M |
|
24
Pinterest
PINS
$13.3B
| $46.6M | 1.43% |
+1,707,789
| New | +$44.2M |
|
25
Hyatt Hotels
H
$17B
| $42.7M | 1.31% |
382,367
-255,766
| -40% | -$28M |
|
Similar funds
Gavin Baker's Q1 2023 Portfolio in Review
As of Q1 2023, Gavin Baker held 47 positions worth $3.27B, up 29% from $2.54B the previous quarter. Its ten largest holdings account for 62% of the portfolio.
Gavin Baker deployed $248M of net new capital in Q1 2023, opening 13 new positions and adding to 11 existing holdings. Its largest new stake was RH: 698,553 shares worth $170M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 42% of assets, down from 44% a quarter earlier, followed by Technology and Communication Services.
On the sell side, the largest reduction was Meta Platforms (Facebook), an estimated $176M trimmed.
- Gavin Baker's largest Q1 2023 buy was RH: 698,553 shares worth $170M.
- Gavin Baker added most to Everpure Inc in Q1 2023, an estimated $94.2M increase.
- Gavin Baker's biggest Q1 2023 reduction was Meta Platforms (Facebook), cutting an estimated $176M.
- Gavin Baker fully exited Block Inc in Q1 2023, selling an estimated $189M.
- Gavin Baker's ten largest holdings make up 62% of its $3.27B portfolio in Q1 2023.
- Gavin Baker opened 13 new positions and closed 13 in Q1 2023.
- Gavin Baker's portfolio value rose 29% quarter-over-quarter to $3.27B.
Based on Atreides Management's 13F filing for Q1 2023, filed 15 May 2023.