WhaleCreep

Atreides Management, LP 13F holdings, Q3 2020

Hedge fundSEC filingsCompare with another fundHoldings as of 2020-09-30, filed 2020-11-16

Atreides Management, LP disclosed 29 US equity positions worth $859.7m in its Q3 2020 13F filing. Its largest position is AEO at 11.8% of the reported book, followed by FISV and DIS. Versus Q2 2020 it opened 14 new positions, added to 7, reduced 8 and exited 10.

$860m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
29
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
11.8%
Largest position
The largest single position as a share of the reported equity book.
65.2%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
18
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
27
Quarters on file since Q4 2019
Quarters for which this manager's 13F holdings are on record.

Holdings

Against Q2 2020: 14 new, 7 added, 8 reduced, 10 exited

29 rows
AEO AMERICAN EAGLE OUTFITTERS INConsumer Cyclical11.8%$102m6.87m–new
FISV FISERV INC–8.4%$72.5m703,300–new
DIS DISNEY WALT COCommunication Services7.7%$66.2m533,820+41%added
ATVIEUR ACTIVISION BLIZZARD INC–6.4%$54.8m676,446+7.5%added
UBER UBER TECHNOLOGIES INCTechnology6.2%$53.4m1.46m–new
SNAP SNAP INCCommunication Services5.6%$48.1m1.84m–new
XYZ BLOCK INCTechnology5.3%$45.9m282,302−37%reduced
MU MICRON TECHNOLOGY INCTechnology5.2%$44.7m951,250+15%added
SAM BOSTON BEER INCConsumer Defensive4.8%$41.0m46,400−8.5%reduced
TGT TARGET CORPConsumer Defensive3.7%$32.0m203,500+29%added
ZEN1EUR ZENDESK INC–3.5%$30.3m294,600–new
DECK DECKERS OUTDOOR CORPConsumer Cyclical3.4%$29.4m133,700–new
INTC INTEL CORPTechnology3.2%$27.3m527,500+24%added
PAR PAR TECHNOLOGY CORPTechnology3.0%$25.8m636,803−22%reduced
BKNG BOOKING HOLDINGS INCConsumer Cyclical2.3%$20.1m11,765–new
TSLA TESLA INCConsumer Cyclical2.3%$19.4m45,288+146%added
ROKU ROKU INCCommunication Services2.0%$16.8m89,185−70%reduced
NVDA NVIDIA CORPORATIONTechnology1.9%$16.2m29,848−51%reduced
DISH DISH NETWORK CORPORATION–1.8%$15.7m541,100–new
NCLH NORWEGIAN CRUISE LINE HLDGSConsumer Cyclical1.6%$13.4m785,600–new
SONO SONOS INCTechnology1.3%$11.4m753,400+8.1%added
RDFN REDFIN CORP–1.3%$11.4m228,196−78%reduced
RCL ROYAL CARIBBEAN CRUISES LTDConsumer Cyclical1.3%$11.1m171,700–new
Z ZILLOW GROUP INCCommunication Services1.2%$10.6m104,500–new
LAMR LAMAR ADVERTISING CO NEWReal Estate1.1%$9.5m143,500–new
TWLO TWILIO INCTechnology1.0%$8.9m36,135−24%reduced
NET CLOUDFLARE INCTechnology1.0%$8.7m210,700–new
TDOC TELADOC HEALTH INCHealthcare0.8%$7.1m32,200–new
TTWO TAKE-TWO INTERACTIVE SOFTWARCommunication Services0.7%$6.2m37,460−84%reduced

Exited since Q2 2020

10 rows
QSR RESTAURANT BRANDS INTL INC6.8%$47.0m
GOOGL ALPHABET INC6.1%$42.0m
AMZN AMAZON COM INC4.9%$33.9m
ANGI ANGI INC3.8%$26.7m
XLNXEUR XILINX INC3.7%$26.0m
CRWD CROWDSTRIKE HLDGS INC3.6%$24.7m
ULTA ULTA BEAUTY INC3.1%$21.3m
CHWY CHEWY INC1.4%$10.0m
DT DYNATRACE INC1.3%$9.0m
VRMUSD VROOM INC0.5%$3.3m

Sector mix

  • Technology28.2%
  • Consumer Cyclical22.7%
  • Unclassified21.5%
  • Communication Services17.2%
  • Consumer Defensive8.5%
  • Real Estate1.1%
  • Healthcare0.8%

Book over time

Every quarter on file (27)
QuarterPositionsEquity book
Q2 202646$11.1bn
Q1 202651$4.1bn
Q4 202549$4.7bn
Q3 202556$3.8bn
Q2 202548$3.6bn
Q1 202541$2.8bn
Q4 202444$3.2bn
Q3 202435$3.0bn
Q2 202440$3.1bn
Q1 202434$3.3bn
Q4 202332$2.8bn
Q3 202327$2.9bn
Q2 202331$3.3bn
Q1 202330$2.8bn
Q4 202234$2.5bn
Q3 202237$2.7bn
Q2 202239$2.4bn
Q1 202236$2.8bn
Q4 202135$3.2bn
Q3 202137$3.9bn
Q2 202141$3.9bn
Q1 202147$3.1bn
Q4 202036$1.5bn
Q3 202029$860m
Q2 202025$694m
Q1 202024$452m
Q4 201925$413m

Where Atreides Management, LP was early

16 rows
PAR PAR TECHNOLOGY CORPQ1 20203 of 972.0%3.5%5Exited by Q2 2021+409%
DT DYNATRACE INCQ1 202013 of 1902.7%2.7%6Exited by Q4 2021+198%
CRWD CROWDSTRIKE HLDGS INCQ1 202017 of 2541.3%6.8%8Exited by Q4 2023+201%
SAM BOSTON BEER INCQ2 20205 of 1253.9%4.8%5Exited by Q3 2021+90%
SONO SONOS INCQ2 202011 of 1391.5%1.5%5Exited by Q3 2021+141%
NET CLOUDFLARE INCQ3 202013 of 2151.0%1.0%2Exited by Q1 2021+85%
DECK DECKERS OUTDOOR CORPQ3 202018 of 1853.4%5.3%17Exited by Q4 2025+176%
ACVA ACV AUCTIONS INCQ1 20218 of 1240.4%6.2%22Held at last filing, Q2 2026−79%
COIN COINBASE GLOBAL INCQ2 20214 of 2482.7%2.7%4Exited by Q2 2022−25%
MRVL MARVELL TECHNOLOGY INCQ2 202127 of 2730.08%8.9%8Exited by Q3 2024+20%
DLO DLOCAL LTDQ4 20213 of 1041.4%3.2%4Exited by Q4 2022−43%
8QR CONFLUENT INCQ2 202216 of 2041.8%4.3%12Exited by Q3 2025+7.3%
PCOR PROCORE TECHNOLOGIES INCQ3 202212 of 1691.3%2.0%2Exited by Q1 2023−4.7%
ALAB ASTERA LABS INCQ1 20241 of 1775.9%12.7%10Held at last filing, Q2 2026+551%
KVYO KLAVIYO INCQ1 20246 of 1231.3%1.3%2Exited by Q3 2024−2.3%
CRWV COREWEAVE INCQ1 20256 of 1502.5%2.5%6Held at last filing, Q2 2026+168%

Concentration and tenure

9.8%
Median largest position, all quarters
The largest single position as a share of the reported equity book.
57.6%
Median top 10 weight, all quarters
The ten largest positions together, as a share of the reported equity book.
Concentrated
Style, by median largest position
2
Median completed holding, quarters