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 |
Sea Limited
SE
|
+$243M |
| 2 |
Advanced Micro Devices
AMD
|
+$242M |
| 3 |
Microsoft
MSFT
|
+$215M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$161M |
| 5 |
Meta Platforms (Facebook)
META
|
+$114M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$136M |
| 2 |
CrowdStrike
CRWD
|
+$121M |
| 3 |
Dick's Sporting Goods
DKS
|
+$120M |
| 4 |
Deckers Outdoor
DECK
|
+$114M |
| 5 |
Marvell Technology
MRVL
|
+$96.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 40.47% |
| 2 | Consumer Discretionary | 35.35% |
| 3 | Communication Services | 10% |
| 4 | Financials | 7.98% |
| 5 | Industrials | 0.21% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Advanced Micro Devices
AMD
$773B
| $352M | 11.5% |
3,422,730
+2,225,557
| +186% | +$242M |
|
|
2
Sea Limited
SE
$72B
| $311M | 10.18% |
7,084,934
+4,978,502
| +236% | +$243M |
|
3
RH
RH
$2.9B
| $280M | 9.16% |
1,059,872
+3,375
| +0.3% | +$1.17M |
|
|
P
4
Everpure Inc
P
$36.1B
| $278M | 9.07% |
7,793,214
-100,895
| -1% | -$3.74M |
|
5
PayPal
PYPL
$52.7B
| $244M | 7.98% |
4,174,520
+355,411
| +9% | +$23.1M |
|
|
6
Microsoft
MSFT
$3.59T
| $205M | 6.7% |
+649,162
| New | +$215M |
|
7
ACV Auctions
ACVA
$1.26B
| $164M | 5.37% |
10,829,070
+594,347
| +6% | +$9.65M |
|
|
8
Alphabet (Google) Class A
GOOGL
$4.22T
| $162M | 5.31% |
+1,240,957
| New | +$161M |
|
9
Bath & Body Works
BBWI
$3.92B
| $150M | 4.91% |
4,442,150
-1,198,878
| -21% | -$43.5M |
|
10
CALL
NVIDIA
NVDA
$5.2T
| $117M | 3.84% |
+2,700,000
| New | +$121M |
|
|
11
Meta Platforms (Facebook)
META
$1.4T
| $113M | 3.7% |
+377,380
| New | +$114M |
|
|
XYZ
12
Block Inc
XYZ
$49.4B
| $98.9M | 3.23% |
2,233,572
-453,340
| -17% | -$28.1M |
|
|
CFLT
13
DELISTED
Confluent
CFLT
| $89.2M | 2.92% |
3,013,352
-993,791
| -25% | -$33.3M |
|
14
Ciena
CIEN
$56B
| $77.9M | 2.55% |
+1,647,965
| New | +$72.6M |
|
|
15
CALL
Sea Limited
SE
$72B
| $65.9M | 2.15% |
+1,500,000
| New | +$73.3M |
|
16
Wayfair
W
$13.9B
| $58.8M | 1.92% |
971,206
+16,932
| +2% | +$1.18M |
|
|
17
CrowdStrike
CRWD
$195B
| $51.5M | 1.68% |
1,231,308
-3,105,708
| -72% | -$121M |
|
18
Tesla
TSLA
$1.43T
| $50.8M | 1.66% |
202,989
+16,734
| +9% | +$4.3M |
|
19
Micron Technology
MU
$1.09T
| $48M | 1.57% |
705,463
-517,704
| -42% | -$34.7M |
|
20
Las Vegas Sands
LVS
$30.5B
| $34.4M | 1.12% |
750,088
-306,739
| -29% | -$16.6M |
|
|
HCP
21
DELISTED
HashiCorp, Inc. Class A Common Stock
HCP
| $31.4M | 1.03% |
+1,375,964
| New | +$37.4M |
|
22
Liberty Media Series C
FWONK
$26.3B
| $27.4M | 0.9% |
440,596
-164,784
| -27% | -$11.3M |
|
23
MGM Resorts International
MGM
$11B
| $15.2M | 0.5% |
414,688
-1,362,782
| -77% | -$60.2M |
|
|
SOND
24
DELISTED
Sonder
SOND
| $8.31M | 0.27% |
1,012,621
-3
| -0% | -$29 |
|
25
Hasbro
HAS
$13.2B
| $7.69M | 0.25% |
+116,319
| New | +$7.7M |
|
Similar funds
Gavin Baker's Q3 2023 Portfolio in Review
As of Q3 2023, Gavin Baker held 42 positions worth $3.06B, down 21% from $3.89B the previous quarter. Its ten largest holdings account for 74% of the portfolio.
Gavin Baker withdrew a net $497M in Q3 2023, closing 13 positions and reducing 11 holdings. Its most notable exit was Amazon, an estimated $136M position sold in full.
By sector, the portfolio is most concentrated in Technology at 40% of assets, up from 33% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Gavin Baker opened a new position in Microsoft worth $205M.
- Gavin Baker's largest Q3 2023 buy was Microsoft: 649,162 shares worth $205M.
- Gavin Baker added most to Sea Limited in Q3 2023, an estimated $243M increase.
- Gavin Baker's biggest Q3 2023 reduction was CrowdStrike, cutting an estimated $121M.
- Gavin Baker fully exited Amazon in Q3 2023, selling an estimated $136M.
- Gavin Baker's ten largest holdings make up 74% of its $3.06B portfolio in Q3 2023.
- Gavin Baker opened 9 new positions and closed 13 in Q3 2023.
- Gavin Baker's portfolio value fell 21% quarter-over-quarter to $3.06B.
Based on Atreides Management's 13F filing for Q3 2023, filed 14 Nov 2023.