WhaleCreep

Atreides Management, LP 13F holdings, Q4 2023

Hedge fundSEC filingsCompare with another fundHoldings as of 2023-12-31, filed 2024-02-14

Atreides Management, LP disclosed 32 US equity positions worth $2.8bn in its Q4 2023 13F filing. Its largest position is RH at 11.0% of the reported book, followed by SE and AMD. Versus Q3 2023 it opened 14 new positions, added to 7, reduced 8 and exited 9.

$2.8bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
32
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
11.0%
Largest position
The largest single position as a share of the reported equity book.
63.9%
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 Q3 2023: 14 new, 7 added, 8 reduced, 9 exited

32 rows
RH RHConsumer Cyclical11.0%$305m1.05m−1.1%reduced
SE SEA LTDConsumer Cyclical11.0%$305m7.54m+6.4%added
AMD ADVANCED MICRO DEVICES INCTechnology7.5%$208m1.41m−59%reduced
P EVERPURE INCTechnology7.0%$196m5.49m−30%reduced
ACVA ACV AUCTIONS INCConsumer Cyclical6.0%$167m11.01m+1.7%added
TSLA TESLA INCConsumer Cyclical5.0%$139m559,023+175%added
BBWI BATH & BODY WORKS INCConsumer Cyclical4.7%$129m3.00m−32%reduced
MA MASTERCARD INCFinancial Services4.3%$120m281,589–new
CIEN CIENA CORPTechnology4.1%$115m2.55m+55%added
ORCL ORACLE CORPTechnology3.3%$92.0m872,383–new
BILL BILL HOLDINGS INCTechnology2.6%$73.3m898,479–new
SONY SONY GROUP CORPTechnology2.5%$70.2m741,475–new
VEEV VEEVA SYS INCHealthcare2.5%$68.6m356,492–new
LOW LOWES COS INCConsumer Cyclical2.4%$68.1m306,127–new
JNP JUNIPER NETWORKS INC–2.4%$68.1m2.31m–new
AMZN AMAZON COM INCConsumer Cyclical2.3%$64.2m422,641–new
XYZ BLOCK INCTechnology2.3%$64.2m830,124−63%reduced
TOST TOAST INCTechnology2.2%$60.9m3.34m–new
LLYVK LIBERTY MEDIA CORP DELCommunication Services2.1%$58.8m930,885+111%added
FTNT FORTINET INCTechnology2.0%$55.9m954,939–new
MSFT MICROSOFT CORPTechnology2.0%$54.8m145,649−78%reduced
8QR CONFLUENT INC–1.7%$47.4m2.03m−33%reduced
NU NU HLDGS LTDFinancial Services1.7%$47.2m5.66m–new
HCP2EUR HASHICORP INC–1.3%$35.2m1.49m+8.3%added
RBLX ROBLOX CORPCommunication Services1.3%$35.1m766,873–new
TTWO TAKE-TWO INTERACTIVE SOFTWARCommunication Services1.2%$33.8m210,280–new
ULTA ULTA BEAUTY INCConsumer Cyclical1.2%$32.4m66,027–new
W WAYFAIR INCConsumer Cyclical1.0%$28.9m467,593−52%reduced
COHR COHERENT CORPTechnology0.9%$24.4m561,056+215%added
JOBY JOBY AVIATION INCIndustrials0.2%$6.7m1.00m0.0%held
SONDER HOLDINGS INC no ticker–0.1%$3.4m1.01m0.0%held
TBLA TABOOLA.COM LTDCommunication Services0.1%$3.1m725,0000.0%held

Exited since Q3 2023

9 rows
PYPL PAYPAL HLDGS INC8.5%$244m
GOOGL ALPHABET INC5.6%$162m
META META PLATFORMS INC3.9%$113m
CRWD CROWDSTRIKE HLDGS INC1.8%$51.5m
MU MICRON TECHNOLOGY INC1.7%$48.0m
LVS LAS VEGAS SANDS CORP1.2%$34.4m
MGM MGM RESORTS INTERNATIONAL0.5%$15.2m
HAS HASBRO INC0.3%$7.7m
AMPL AMPLITUDE INC0.04%$1.1m

Sector mix

  • Consumer Cyclical44.6%
  • Technology36.5%
  • Financial Services6.0%
  • Unclassified5.5%
  • Communication Services4.7%
  • Healthcare2.5%
  • 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