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Gavin Baker Atreides Management
AUM
$14.3B
Turnover
50.72%
1-Year Est. Return
116.01%
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.
This Fund
S&P 500
This Quarter Est. Return
+16.38%
1 Year Est. Return
+116.01%
3 Year Est. Return
+228.97%
5 Year Est. Return
+169.63%
10 Year Est. Return
–
AUM
$3.89B
AUM Growth
+$627M
(+19%)
Cap. Flow
+$37.2M
Cap. Flow % of AUM
Cap. Flow %
0.96%
Top 10 Holdings %
Top 10 Hldgs %
62.99%
Holding
43
New
9
Increased
10
Reduced
11
Closed
10
Avg Time Held
Equity + Options
1
year
Top 10 Avg Time Held
Equity + Options
0.3
years
Top 20 Avg Time Held
Equity + Options
0.4
years
Avg Time Held Equity only
1
year
Top 10 Avg Time Held Equity only
0.3
years
Top 20 Avg Time Held Equity only
0.5
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PayPal
PYPL
|
+$260M |
| 2 |
Block Inc
XYZ
|
+$168M |
| 3 |
Sea Limited
SE
|
+$150M |
| 4 |
RH
RH
|
+$93.6M |
| 5 |
Planet Fitness
PLNT
|
+$87.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Advanced Micro Devices
AMD
|
+$278M |
| 2 |
Marvell Technology
MRVL
|
+$173M |
| 3 |
Dick's Sporting Goods
DKS
|
+$103M |
| 4 |
Datadog
DDOG
|
+$93.6M |
| 5 |
Caesars Entertainment
CZR
|
+$81.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 40.93% |
| 2 | Technology | 33.07% |
| 3 | Miscellaneous | 15.41% |
| 4 | Financials | 6.55% |
| 5 | Communication Services | 3.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
PUT
Invesco QQQ Trust
QQQ
$443B
| $554M | 14.24% |
+1,500,000
| New | +$505M |
2023 Q2
0 quarters
|
|
|
2
RH
RH
$2.48B
| $348M | 8.95% |
1,056,497
+357,944
| +51% | +$93.6M |
2023 Q1
1 quarter
|
|
3
Everpure Inc
P
$32.2B
| $291M | 7.47% |
7,894,109
+632,262
| +9% | +$17.9M |
2022 Q3
3 quarters
|
|
|
4
PayPal
PYPL
$49.2B
| $255M | 6.55% |
+3,819,109
| New | +$260M |
2023 Q2
0 quarters
|
|
5
Bath & Body Works
BBWI
$4.31B
| $212M | 5.43% |
5,641,028
+2,354,150
| +72% | +$86.1M |
2022 Q3
3 quarters
|
|
|
6
Block Inc
XYZ
$51.7B
| $179M | 4.6% |
+2,686,912
| New | +$168M |
2023 Q2
0 quarters
|
|
7
DELISTED
ACV Auctions
ACVA
| $177M | 4.54% |
10,234,723
-25,686
| -0.3% | -$393K |
2021 Q1
9 quarters
|
|
8
CrowdStrike
CRWD
$222B
| $159M | 4.09% |
4,337,016
+1,343,056
| +45% | +$46.8M |
2023 Q1
1 quarter
|
|
9
DELISTED
Confluent
CFLT
| $141M | 3.63% |
4,007,143
+176,338
| +5% | +$4.93M |
2023 Q1
1 quarter
|
|
|
10
Advanced Micro Devices
AMD
$736B
| $136M | 3.5% |
1,197,173
-2,670,588
| -69% | -$278M |
2022 Q3
3 quarters
|
|
11
Amazon
AMZN
$2.8T
| $136M | 3.49% |
1,043,541
-213,754
| -17% | -$24.4M |
2021 Q2
8 quarters
|
|
|
12
Sea Limited
SE
$46.4B
| $122M | 3.14% |
+2,106,432
| New | +$150M |
2023 Q2
0 quarters
|
|
|
13
Dick's Sporting Goods
DKS
$13.9B
| $120M | 3.09% |
909,685
-755,204
| -45% | -$103M |
2020 Q4
10 quarters
|
|
14
Deckers Outdoor
DECK
$11.6B
| $114M | 2.93% |
1,298,484
-675,594
| -34% | -$54.3M |
2020 Q3
11 quarters
|
|
|
15
Marvell Technology
MRVL
$127B
| $96.2M | 2.47% |
1,608,797
-3,552,474
| -69% | -$173M |
2022 Q3
3 quarters
|
|
16
Pinterest
PINS
$10.9B
| $92M | 2.36% |
3,366,448
+1,658,659
| +97% | +$41.3M |
2023 Q1
1 quarter
|
|
|
17
Planet Fitness
PLNT
$4.48B
| $82.3M | 2.11% |
+1,220,212
| New | +$87.5M |
2023 Q2
0 quarters
|
|
18
Elastic
ESTC
$9.04B
| $78.9M | 2.03% |
+1,229,740
| New | +$77.1M |
2023 Q2
0 quarters
|
|
19
MGM Resorts International
MGM
$8.18B
| $78.1M | 2.01% |
1,777,470
-765,109
| -30% | -$32.7M |
2021 Q1
9 quarters
|
|
20
Micron Technology
MU
$781B
| $77.2M | 1.98% |
1,223,167
+302,209
| +33% | +$19.4M |
2023 Q1
1 quarter
|
|
21
BILL Holdings
BILL
$4.5B
| $68.2M | 1.75% |
583,905
-395,569
| -40% | -$37.6M |
2022 Q1
5 quarters
|
|
22
Wayfair
W
$15.3B
| $62M | 1.59% |
954,274
+566,308
| +146% | +$23.9M |
2021 Q1
9 quarters
|
|
23
Las Vegas Sands
LVS
$26.4B
| $61.3M | 1.57% |
+1,056,827
| New | +$62.5M |
2023 Q2
0 quarters
|
|
24
Hewlett Packard
HPE
$59.4B
| $52.1M | 1.34% |
+3,101,513
| New | +$47.4M |
2023 Q2
0 quarters
|
|
25
Tesla
TSLA
$1.42T
| $48.8M | 1.25% |
186,255
-275,297
| -60% | -$55M |
2019 Q4
14 quarters
|
|
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Gavin Baker's Q2 2023 Portfolio in Review
As of Q2 2023, Gavin Baker held 43 positions worth $3.89B, up 19% from $3.27B the previous quarter. Its ten largest holdings account for 63% of the portfolio.
Gavin Baker's Q2 2023 filing shows 9 new, 10 increased, 11 reduced and 10 closed positions. Its largest new stake was PayPal: 3,819,109 shares worth $255M. The largest sale was Advanced Micro Devices, an estimated $278M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 41% of assets, down from 42% a quarter earlier, followed by Technology and Miscellaneous.
- Gavin Baker's largest Q2 2023 buy was PayPal: 3,819,109 shares worth $255M.
- Gavin Baker added most to RH in Q2 2023, an estimated $93.6M increase.
- Gavin Baker's biggest Q2 2023 reduction was Advanced Micro Devices, cutting an estimated $278M.
- Gavin Baker fully exited Datadog in Q2 2023, selling an estimated $93.6M.
- Gavin Baker's ten largest holdings make up 63% of its $3.89B portfolio in Q2 2023.
- Gavin Baker opened 9 new positions and closed 10 in Q2 2023.
- Gavin Baker's portfolio value rose 19% quarter-over-quarter to $3.89B.
Based on Atreides Management's 13F filing for Q2 2023, filed 14 Aug 2023.