WhaleCreep

Atreides Management, LP 13F holdings, Q3 2023

Hedge fundSEC filingsCompare with another fundHoldings as of 2023-09-30, filed 2023-11-14

Atreides Management, LP disclosed 27 US equity positions worth $2.9bn in its Q3 2023 13F filing. Its largest position is AMD at 12.2% of the reported book, followed by SE and RH. Versus Q2 2023 it opened 9 new positions, added to 6, reduced 9 and exited 13.

$2.9bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
27
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
12.2%
Largest position
The largest single position as a share of the reported equity book.
78.6%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
14
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 2023: 9 new, 6 added, 9 reduced, 13 exited

27 rows
AMD ADVANCED MICRO DEVICES INCTechnology12.2%$352m3.42m+186%added
SE SEA LTDConsumer Cyclical10.8%$311m7.08m+236%added
RH RHConsumer Cyclical9.7%$280m1.06m+0.3%held
P EVERPURE INCTechnology9.7%$278m7.79m−1.3%reduced
PYPL PAYPAL HLDGS INCFinancial Services8.5%$244m4.17m+9.3%added
MSFT MICROSOFT CORPTechnology7.1%$205m649,162–new
ACVA ACV AUCTIONS INCConsumer Cyclical5.7%$164m10.83m+5.8%added
GOOGL ALPHABET INCCommunication Services5.6%$162m1.24m–new
BBWI BATH & BODY WORKS INCConsumer Cyclical5.2%$150m4.44m−21%reduced
META META PLATFORMS INCCommunication Services3.9%$113m377,380–new
XYZ BLOCK INCTechnology3.4%$98.9m2.23m−17%reduced
8QR CONFLUENT INC–3.1%$89.2m3.01m−25%reduced
CIEN CIENA CORPTechnology2.7%$77.9m1.65m–new
W WAYFAIR INCConsumer Cyclical2.0%$58.8m971,206+1.8%added
CRWD CROWDSTRIKE HLDGS INCTechnology1.8%$51.5m307,827−72%reduced
TSLA TESLA INCConsumer Cyclical1.8%$50.8m202,989+9.0%added
MU MICRON TECHNOLOGY INCTechnology1.7%$48.0m705,463−42%reduced
LVS LAS VEGAS SANDS CORPConsumer Cyclical1.2%$34.4m750,088−29%reduced
HCP2EUR HASHICORP INC–1.1%$31.4m1.38m–new
LLYVK LIBERTY MEDIA CORP DELCommunication Services1.0%$27.4m440,596–new
MGM MGM RESORTS INTERNATIONALConsumer Cyclical0.5%$15.2m414,688−77%reduced
SONDER HOLDINGS INC no ticker–0.3%$8.3m1.01m–new
HAS HASBRO INCConsumer Cyclical0.3%$7.7m116,319–new
JOBY JOBY AVIATION INCIndustrials0.2%$6.5m1.00m0.0%held
COHR COHERENT CORPTechnology0.2%$5.8m178,293–new
TBLA TABOOLA.COM LTDCommunication Services0.10%$2.7m725,0000.0%held
AMPL AMPLITUDE INCTechnology0.04%$1.1m93,209−87%reduced

Exited since Q2 2023

13 rows
AMZN AMAZON COM INC4.1%$136m
DKS DICKS SPORTING GOODS INC3.7%$120m
DECK DECKERS OUTDOOR CORP3.5%$114m
MRVL MARVELL TECHNOLOGY INC2.9%$96.2m
PINS PINTEREST INC2.8%$92.0m
PLNT PLANET FITNESS INC2.5%$82.3m
ESTC ELASTIC N V2.4%$78.9m
BILL BILL HOLDINGS INC2.1%$68.2m
HPE HEWLETT PACKARD ENTERPRISE C1.6%$52.1m
LIBERTY MEDIA CORP DEL no ticker1.3%$44.1m
BC BRUNSWICK CORP0.6%$20.8m
SONDER HOLDINGS INC no ticker0.3%$10.7m
TTWO TAKE-TWO INTERACTIVE SOFTWAR0.3%$9.1m

Sector mix

  • Technology38.9%
  • Consumer Cyclical37.3%
  • Communication Services10.6%
  • Financial Services8.5%
  • Unclassified4.5%
  • Industrials0.2%

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