WhaleCreep

Atreides Management, LP 13F holdings, Q1 2024

Hedge fundSEC filingsCompare with another fundHoldings as of 2024-03-31, filed 2024-05-15

Atreides Management, LP disclosed 34 US equity positions worth $3.3bn in its Q1 2024 13F filing. Its largest position is MRVL at 8.9% of the reported book, followed by SE and ACVA. Versus Q4 2023 it opened 15 new positions, added to 6, reduced 7 and exited 13.

$3.3bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
34
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
8.9%
Largest position
The largest single position as a share of the reported equity book.
58.4%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
22
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 Q4 2023: 15 new, 6 added, 7 reduced, 13 exited

34 rows
MRVL MARVELL TECHNOLOGY INCTechnology8.9%$298m4.21m–new
SE SEA LTDConsumer Cyclical7.9%$263m4.90m−35%reduced
ACVA ACV AUCTIONS INCConsumer Cyclical6.2%$207m11.04m+0.3%held
ALAB ASTERA LABS INCTechnology5.9%$198m2.67m–new
AMD ADVANCED MICRO DEVICES INCTechnology5.5%$184m1.02m−28%reduced
MU MICRON TECHNOLOGY INCTechnology5.4%$181m1.54m–new
BBWI BATH & BODY WORKS INCConsumer Cyclical5.1%$170m3.39m+13%added
CIEN CIENA CORPTechnology4.7%$158m3.19m+25%added
AMZN AMAZON COM INCConsumer Cyclical4.5%$148m823,179+95%added
P EVERPURE INCTechnology4.2%$141m2.70m−51%reduced
MA MASTERCARD INCFinancial Services4.1%$136m282,020+0.2%held
GOOGL ALPHABET INCCommunication Services4.1%$135m895,210–new
XYZ BLOCK INCTechnology3.6%$120m1.42m+71%added
MDB MONGODB INCTechnology3.2%$106m294,577–new
RH RHConsumer Cyclical2.5%$84.9m243,755−77%reduced
RL RALPH LAUREN CORPConsumer Cyclical2.5%$82.9m441,580–new
MSFT MICROSOFT CORPTechnology2.3%$75.8m180,225+24%added
ESTC ELASTIC N VTechnology2.2%$71.9m716,878–new
8QR CONFLUENT INC–1.9%$62.0m2.03m+0.3%held
W WAYFAIR INCConsumer Cyclical1.8%$61.0m898,349+92%added
LITE LUMENTUM HLDGS INCTechnology1.7%$57.5m1.22m–new
VEEV VEEVA SYS INCHealthcare1.6%$52.8m227,881−36%reduced
DDOG DATADOG INCTechnology1.5%$51.6m417,777–new
STZ CONSTELLATION BRANDS INCConsumer Defensive1.4%$45.6m167,641–new
KVYO KLAVIYO INCTechnology1.3%$44.5m1.75m–new
ON HLDG AG no ticker–1.3%$42.1m1.19m–new
WSC WILLSCOT HLDGS CORPIndustrials1.2%$41.1m883,419–new
CCI CROWN CASTLE INCReal Estate0.9%$29.8m281,168–new
LLYVK LIBERTY MEDIA CORP DELCommunication Services0.8%$28.3m431,747−54%reduced
TSLA TESLA INCConsumer Cyclical0.8%$26.9m152,915−73%reduced
RDDT REDDIT INCCommunication Services0.6%$19.5m395,477–new
JOBY JOBY AVIATION INCIndustrials0.2%$5.4m1.00m0.0%held
TBLA TABOOLA.COM LTDCommunication Services0.10%$3.2m725,0000.0%held
SONDER HOLDINGS INC no ticker–0.09%$3.0m1.01m0.0%held

Exited since Q4 2023

13 rows
ORCL ORACLE CORP3.3%$92.0m
BILL BILL HOLDINGS INC2.6%$73.3m
SONY SONY GROUP CORP2.5%$70.2m
LOW LOWES COS INC2.4%$68.1m
JNP JUNIPER NETWORKS INC2.4%$68.1m
TOST TOAST INC2.2%$60.9m
FTNT FORTINET INC2.0%$55.9m
NU NU HLDGS LTD1.7%$47.2m
HCP2EUR HASHICORP INC1.3%$35.2m
RBLX ROBLOX CORP1.3%$35.1m
TTWO TAKE-TWO INTERACTIVE SOFTWAR1.2%$33.8m
ULTA ULTA BEAUTY INC1.2%$32.4m
COHR COHERENT CORP0.9%$24.4m

Sector mix

  • Technology50.6%
  • Consumer Cyclical31.3%
  • Communication Services5.6%
  • Financial Services4.1%
  • Unclassified3.2%
  • Healthcare1.6%
  • Industrials1.4%
  • Consumer Defensive1.4%
  • Real Estate0.9%

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