WhaleCreep

Atreides Management, LP 13F holdings, Q1 2025

Hedge fundSEC filingsCompare with another fundHoldings as of 2025-03-31, filed 2025-05-15

Atreides Management, LP disclosed 41 US equity positions worth $2.8bn in its Q1 2025 13F filing. Its largest position is ALAB at 10.1% of the reported book, followed by AMD and U. Versus Q4 2024 it opened 10 new positions, added to 14, reduced 14 and exited 13.

$2.8bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
41
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
10.1%
Largest position
The largest single position as a share of the reported equity book.
57.4%
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 2024: 10 new, 14 added, 14 reduced, 13 exited

41 rows
ALAB ASTERA LABS INCTechnology10.1%$278m4.65m+153%added
AMD ADVANCED MICRO DEVICES INCTechnology7.9%$216m2.10m+9.4%added
U UNITY SOFTWARE INCTechnology6.7%$185m9.43m+147%added
MSFT MICROSOFT CORPTechnology5.7%$158m420,136+32%added
META META PLATFORMS INCCommunication Services5.0%$138m239,789–new
AMZN AMAZON COM INCConsumer Cyclical4.8%$131m689,231+1.2%added
DECK DECKERS OUTDOOR CORPConsumer Cyclical4.4%$121m1.08m+124%added
RBLX ROBLOX CORPCommunication Services4.3%$118m2.02m+232%added
NVDA NVIDIA CORPORATIONTechnology4.3%$118m1.09m–new
LITE LUMENTUM HLDGS INCTechnology4.2%$117m1.88m+6.8%added
RH RHConsumer Cyclical4.0%$111m473,321+69%added
SNOW SNOWFLAKE INCTechnology3.2%$89.0m608,715−20%reduced
ULTA ULTA BEAUTY INCConsumer Cyclical2.9%$79.7m217,541−34%reduced
MU MICRON TECHNOLOGY INCTechnology2.8%$77.3m889,842+270%added
CRWV COREWEAVE INCTechnology2.5%$69.5m1.88m–new
ACVA ACV AUCTIONS INCConsumer Cyclical2.4%$66.7m4.73m−5.8%reduced
SNPS SYNOPSYS INCTechnology2.4%$65.4m152,488–new
S SENTINELONE INCTechnology2.2%$61.0m3.36m+1.7%added
TSLA TESLA INCConsumer Cyclical1.8%$50.7m195,542−37%reduced
FERG FERGUSON ENTERPRISES INCIndustrials1.6%$44.9m280,079−7.1%reduced
ESTC ELASTIC N VTechnology1.6%$44.0m493,598−10%reduced
8QR CONFLUENT INC–1.4%$38.8m1.65m+6.8%added
RL RALPH LAUREN CORPConsumer Cyclical1.3%$36.8m166,636−1.3%reduced
MA MASTERCARD INCFinancial Services1.3%$36.0m65,605−8.0%reduced
AXON AXON ENTERPRISE INCIndustrials1.2%$33.1m62,901–new
MDB MONGODB INCTechnology1.2%$32.4m184,907−47%reduced
Z ZILLOW GROUP INCCommunication Services1.2%$32.2m469,061–new
NCLH NORWEGIAN CRUISE LINE HLDGSConsumer Cyclical1.1%$30.8m1.62m–new
GOOGL ALPHABET INCCommunication Services1.1%$29.2m189,077−57%reduced
W WAYFAIR INCConsumer Cyclical0.8%$20.8m649,070−26%reduced
GTLB GITLAB INCTechnology0.7%$19.1m407,128−14%reduced
FIVN FIVE9 INCTechnology0.6%$16.7m616,796+55%added
RDDT REDDIT INCCommunication Services0.6%$15.4m146,363–new
AMSC AMERICAN SUPERCONDUCTOR CORPIndustrials0.5%$14.9m824,040–new
AFRM AFFIRM HLDGS INCFinancial Services0.5%$13.9m307,453+113%added
ASML ASML HLDG NVTechnology0.5%$13.0m19,657−93%reduced
TWLO TWILIO INCTechnology0.4%$11.3m115,357–new
BBWI BATH & BODY WORKS INCConsumer Cyclical0.3%$9.0m298,000−14%reduced
JOBY JOBY AVIATION INCIndustrials0.2%$6.0m1.00m0.0%held
TBLA TABOOLA.COM LTDCommunication Services0.08%$2.1m725,0000.0%held
SONDER HOLDINGS INC no ticker–0.07%$1.9m960,5330.0%held

Exited since Q4 2024

13 rows
ADBE ADOBE INC4.3%$138m
AVGO BROADCOM INC3.3%$105m
SBUX STARBUCKS CORP2.8%$89.1m
XYZ BLOCK INC1.9%$61.9m
CHTR CHARTER COMMUNICATIONS INC1.9%$60.7m
NKE NIKE INC1.3%$40.7m
NU NU HLDGS LTD1.2%$39.5m
LSCC LATTICE SEMICONDUCTOR CORP1.0%$31.8m
NTNX NUTANIX INC1.0%$31.0m
NXT NEXTPOWER INC0.7%$23.1m
GFS GLOBALFOUNDRIES INC0.5%$15.7m
LRCX LAM RESEARCH CORP0.2%$6.5m
CIEN CIENA CORP0.2%$6.4m

Sector mix

  • Technology57.1%
  • Consumer Cyclical23.9%
  • Communication Services12.2%
  • Industrials3.6%
  • Financial Services1.8%
  • Unclassified1.5%

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