Atreides Management, LP

CIK

1777813

Location

BOSTON, MA

Portfolio Value

Mid $8,183,550,337

Diversification

Diversified

Filing Date

Global Rank

#391 / 8,420 ▲ 273

Top Industry

Semiconductors 29.5%

3Y Alpha vs SPY

+21.5%

Period ended 6 months ago

Filed Feb 17, 2026 · 4mo

24 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+188.3%

SPY

+76.3%

Annualised alpha

+21.5%

Max drawdown

−36.7%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

50 positions · as of Dec 31, 2025 · Δ vs Sep 30, 2025

Top Position

26.3%

+2.8 pts

Top 5

54.0%

+10.3 pts

Top 10

70.0%

+13.8 pts

HHI

1,011

Diversified+263

Portfolio Trend

24 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2025

Sector	% Portfolio	Value	Positions
Technology	53.8%	$4,405,735,671	23
Unclassified	26.3%	$2,150,085,000	1
Consumer Cyclical	9.1%	$748,309,391	10
Communication Services	3.6%	$293,906,023	4
Financial Services	3.1%	$253,853,266	4
Industrials	1.9%	$154,484,207	4
Real Estate	1.1%	$92,206,697	1
Consumer Defensive	0.9%	$76,404,760	2
Healthcare	0.1%	$8,565,322	1

Last Quarter's Activity

Export CSV

Dec 31, 2025 vs Sep 30, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
ACVA	ACV Auctions Inc.	+6,901,010	12,411,800	$99,542,636
NVDA	Nvidia Corp	+4,850,508	5,425,231	$1,011,805,581
U	Unity Software Inc.	+4,213,886	10,325,439	$456,074,640
RKT	Rocket Companies, Inc.	+2,601,906	3,602,563	$69,745,619
P	Everpure, Inc.	+1,579,299	5,677,675	$380,461,001
ALAB	Astera Labs, Inc.	+1,549,144	1,611,194	$268,038,233
QQQ	Invesco Qqq Trust, Series 1	+1,500,000	3,500,000	$2,150,085,000
COHR	Coherent Corp.	+1,221,468	2,135,246	$394,102,354
AFRM	Affirm Holdings, Inc.	+1,177,036	1,384,941	$103,081,158
NU	Nu Holdings Ltd.	+763,609	3,272,998	$54,789,986
MU	Micron Technology Inc	+713,959	1,438,916	$410,681,015
CRWV	CoreWeave, Inc.	+543,206	606,110	$43,403,537
AMSC	American Superconductor Corp /De/	+272,698	1,044,193	$30,051,874
TTAN	ServiceTitan, Inc.	+166,206	792,433	$84,394,114
RBRK	Rubrik, Inc.	+142,277	895,029	$68,451,817
PM	Philip Morris International Inc.	+126,662	405,759	$65,083,743
TEAM	Atlassian Corp	+92,999	398,230	$64,569,012
AXON	Axon Enterprise, Inc.	+69,008	105,469	$59,899,009
AMZN	Amazon Com Inc	+28,913	687,799	$158,757,765
CIEN	Ciena Corp	+27,466	1,428,230	$334,020,150
W	Wayfair Inc.	+16,474	870,864	$87,443,454
SMTC	Semtech Corp	+13,458	691,591	$50,963,340
TBLA	Taboola.com Ltd.	+13,210	738,210	$3,403,148
AMBQ	Ambiq Micro, Inc.	+12,113	696,420	$19,847,970
DKS	Dick's Sporting Goods, Inc.	+9,442	490,828	$97,169,219
No positions match the current search.

Trimmed

Positions the filer reduced

9 positions

Ticker	Company	Δ Shares	Shares	Value
INTC	Intel Corp	−2,127,107	483,930	$17,857,017
GTLB	Gitlab Inc.	−1,293,222	4,177,083	$156,765,924
RBLX	Roblox Corp	−347,436	389,571	$31,566,938
LITE	Lumentum Holdings Inc.	−274,155	382,805	$141,098,094
TWLO	Twilio Inc	−248,817	716,946	$101,978,399
FERG	Ferguson Enterprises Inc. /DE/	−44,707	177,917	$39,609,661
GOOGL	Alphabet Inc.	−35,921	514,339	$160,988,107
TSLA	Tesla, Inc.	−20,527	186,035	$83,663,660
MELI	Mercadolibre Inc	−1,395	4,501	$9,066,184
No positions match the current search.

New Positions

Positions the filer opened this quarter

9 positions

Ticker	Company	Shares	Value
WIX	Wix.com Ltd.	1,247,457	$129,598,307
SATS	EchoStar CORP	901,084	$97,947,830
WING	Wingstop Inc.	390,005	$93,012,292
COMP	Compass, Inc.	8,723,434	$92,206,697
MSFT	Microsoft Corp	181,468	$87,761,554
CHYM	Chime Financial, Inc.	1,503,788	$37,850,343
GNRC	Generac Holdings Inc.	182,765	$24,923,663
PFGC	Performance Food Group Co	125,901	$11,321,017
WRBY	Warby Parker Inc.	393,085	$8,565,322
No positions match the current search.

Sold Out

Positions the filer fully exited

15 positions

Ticker	Company	Shares	Value
DECK	Deckers Outdoor Corp	1,250,516	$126,764,806
HUBS	Hubspot Inc	243,434	$113,878,425
INTU	Intuit Inc.	135,178	$92,314,407
MRVL	Marvell Technology, Inc.	1,000,000	$84,070,000
ELF	e.l.f. Beauty, Inc.	538,348	$71,320,343
AMD	Advanced Micro Devices Inc	339,358	$54,904,730
META	Meta Platforms, Inc.	66,093	$48,537,377
VRNS	Varonis Systems Inc	658,415	$37,839,110
IOT	Samsara Inc.	711,215	$26,492,758
SNPS	Synopsys Inc	38,876	$19,181,029
FIVN	Five9, Inc.	735,151	$17,790,654
BLDR	Builders FirstSource, Inc.	137,154	$16,629,922
APP	AppLovin Corp	17,378	$12,486,788
JOBY	Joby Aviation, Inc.	769,407	$12,418,228
GEMI	Gemini Space Station, Inc.	70,000	$1,677,200
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

50 positions · $8,183,550,337 total · as of Dec 31, 2025

All sectors Communication Services Consumer Cyclical Consumer Defensive Financial Services Healthcare Industrials Real Estate Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
QQQ	Invesco Qqq Trust, Series 1	Added	3,500,000	+1,500,000	$2,150,085,000	+79.1%	26.27%
NVDA	Nvidia Corp Technology	Added	5,425,231	+4,850,508	$1,011,805,581	+843.6%	12.36%
U	Unity Software Inc. Technology	Added	10,325,439	+4,213,886	$456,074,640	+86.4%	5.57%
MU	Micron Technology Inc Technology	Added	1,438,916	+713,959	$410,681,015	+238.6%	5.02%
COHR	Coherent Corp. Technology	Added	2,135,246	+1,221,468	$394,102,354	+300.4%	4.82%
P	Everpure, Inc. Technology	Added	5,677,675	+1,579,299	$380,461,001	+10.8%	4.65%
CIEN	Ciena Corp Technology	Added	1,428,230	+27,466	$334,020,150	+63.7%	4.08%
ALAB	Astera Labs, Inc. Technology	Added	1,611,194	+1,549,144	$268,038,233	+2106.2%	3.28%
GOOGL	Alphabet Inc. Communication Services	Reduced	514,339	-35,921	$160,988,107	+20.3%	1.97%
AMZN	Amazon Com Inc Consumer Cyclical	Added	687,799	+28,913	$158,757,765	+9.7%	1.94%
GTLB	Gitlab Inc. Technology	Reduced	4,177,083	-1,293,222	$156,765,924	−36.4%	1.92%
LITE	Lumentum Holdings Inc. Technology	Reduced	382,805	-274,155	$141,098,094	+32.0%	1.72%
WIX	Wix.com Ltd. Technology	NEW	1,247,457	NEW	$129,598,307	NEW	1.58%
SNOW	Snowflake Inc. Technology	Added	478,754	+9,209	$105,019,477	−0.8%	1.28%
AFRM	Affirm Holdings, Inc. Financial Services	Added	1,384,941	+1,177,036	$103,081,158	+578.4%	1.26%
TWLO	Twilio Inc Technology	Reduced	716,946	-248,817	$101,978,399	+5.5%	1.25%
ACVA	ACV Auctions Inc. Consumer Cyclical	Added	12,411,800	+6,901,010	$99,542,636	+82.3%	1.22%
SATS	EchoStar CORP Communication Services	NEW	901,084	NEW	$97,947,830	NEW	1.20%
DKS	Dick's Sporting Goods, Inc. Consumer Cyclical	Added	490,828	+9,442	$97,169,219	−9.2%	1.19%
WING	Wingstop Inc. Consumer Cyclical	NEW	390,005	NEW	$93,012,292	NEW	1.14%
COMP	Compass, Inc. Real Estate	NEW	8,723,434	NEW	$92,206,697	NEW	1.13%
MSFT	Microsoft Corp Technology	NEW	181,468	NEW	$87,761,554	NEW	1.07%
W	Wayfair Inc. Consumer Cyclical	Added	870,864	+16,474	$87,443,454	+14.6%	1.07%
TTAN	ServiceTitan, Inc. Technology	Added	792,433	+166,206	$84,394,114	+33.7%	1.03%
TSLA	Tesla, Inc. Consumer Cyclical	Reduced	186,035	-20,527	$83,663,660	−8.9%	1.02%
RKT	Rocket Companies, Inc. Financial Services	Added	3,602,563	+2,601,906	$69,745,619	+259.6%	0.85%
RBRK	Rubrik, Inc. Technology	Added	895,029	+142,277	$68,451,817	+10.6%	0.84%
PM	Philip Morris International Inc. Consumer Defensive	Added	405,759	+126,662	$65,083,743	+43.8%	0.80%
TEAM	Atlassian Corp Technology	Added	398,230	+92,999	$64,569,012	+32.5%	0.79%
AXON	Axon Enterprise, Inc. Industrials	Added	105,469	+69,008	$59,899,009	+128.9%	0.73%
NU	Nu Holdings Ltd. Financial Services	Added	3,272,998	+763,609	$54,789,986	+36.4%	0.67%
SMTC	Semtech Corp Technology	Added	691,591	+13,458	$50,963,340	+5.2%	0.62%
RL	Ralph Lauren Corp Consumer Cyclical	Added	127,562	+2,462	$45,107,198	+15.0%	0.55%
CRWV	CoreWeave, Inc. Technology	Added	606,110	+543,206	$43,403,537	+404.2%	0.53%
FERG	Ferguson Enterprises Inc. /DE/ Industrials	Reduced	177,917	-44,707	$39,609,661	−20.8%	0.48%
AZO	Autozone Inc Consumer Cyclical	Added	11,620	+692	$39,409,230	−15.9%	0.48%
CHYM	Chime Financial, Inc. Technology	NEW	1,503,788	NEW	$37,850,343	NEW	0.46%
SE	Sea Ltd Consumer Cyclical	Added	275,439	+5,266	$35,137,753	−27.2%	0.43%
RBLX	Roblox Corp Communication Services	Reduced	389,571	-347,436	$31,566,938	−69.1%	0.39%
AMSC	American Superconductor Corp /De/ Industrials	Added	1,044,193	+272,698	$30,051,874	−34.4%	0.37%
MA	Mastercard Inc Financial Services	Added	45,958	+890	$26,236,503	+2.3%	0.32%
FROG	JFrog Ltd Technology	Added	404,276	+7,032	$25,251,078	+34.3%	0.31%
GNRC	Generac Holdings Inc. Industrials	NEW	182,765	NEW	$24,923,663	NEW	0.30%
AMBQ	Ambiq Micro, Inc. Technology	Added	696,420	+12,113	$19,847,970	−3.1%	0.24%
INTC	Intel Corp Technology	Reduced	483,930	-2,127,107	$17,857,017	−79.6%	0.22%
ROG	Rogers Corp Technology	Added	171,920	+2,995	$15,742,714	+15.8%	0.19%
PFGC	Performance Food Group Co Consumer Defensive	NEW	125,901	NEW	$11,321,017	NEW	0.14%
MELI	Mercadolibre Inc Consumer Cyclical	Reduced	4,501	-1,395	$9,066,184	−34.2%	0.11%
WRBY	Warby Parker Inc. Healthcare	NEW	393,085	NEW	$8,565,322	NEW	0.10%
TBLA	Taboola.com Ltd. Communication Services	Added	738,210	+13,210	$3,403,148	+37.7%	0.04%