Funds › Atreides Management, LP › Q2 2025Atreides Management, LP 13F holdings, Q2 2025 Atreides Management, LP disclosed 48 US equity positions worth $3.6bn in its Q2 2025 13F filing. Its largest position is AMD at 6.8% of the reported book, followed by P and GTLB. Versus Q1 2025 it opened 17 new positions, added to 13, reduced 15 and exited 10.
$3.6bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
48 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
6.8% Largest position The largest single position as a share of the reported equity book.
47.1% Top 10 weight The ten largest positions together, as a share of the reported equity book.
30 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 Q1 2025: 17 new , 13 added , 15 reduced , 10 exited
48 rows
Stock Sector Weight Value Shares Δ shares Action AMD ADVANCED MICRO DEVICES INC Technology 6.8% $246m 1.74m −17% reduced P EVERPURE INC Technology 5.7% $205m 3.55m – new GTLB GITLAB INC Technology 4.9% $178m 3.94m +867% added DKS DICKS SPORTING GOODS INC Consumer Cyclical 4.8% $173m 873,137 – new GOOGL ALPHABET INC Communication Services 4.6% $168m 950,859 +403% added LITE LUMENTUM HLDGS INC Technology 4.6% $167m 1.76m −6.3% reduced AMZN AMAZON COM INC Consumer Cyclical 4.4% $158m 718,465 +4.2% added U UNITY SOFTWARE INC Technology 4.1% $149m 6.17m −35% reduced AFRM AFFIRM HLDGS INC Financial Services 3.8% $137m 1.98m +543% added SNOW SNOWFLAKE INC Technology 3.3% $118m 525,769 −14% reduced RBLX ROBLOX CORP Communication Services 3.1% $111m 1.05m −48% reduced NVDA NVIDIA CORPORATION Technology 3.0% $109m 689,813 −36% reduced META META PLATFORMS INC Communication Services 3.0% $107m 144,333 −40% reduced CIEN CIENA CORP Technology 2.9% $103m 1.26m – new TSLA TESLA INC Consumer Cyclical 2.8% $102m 321,897 +65% added TWLO TWILIO INC Technology 2.5% $90.8m 730,300 +533% added DECK DECKERS OUTDOOR CORP Consumer Cyclical 2.4% $87.8m 852,120 −21% reduced ALAB ASTERA LABS INC Technology 2.4% $86.3m 954,783 −79% reduced ACVA ACV AUCTIONS INC Consumer Cyclical 2.1% $76.1m 4.69m −0.8% reduced 8QR CONFLUENT INC – 2.1% $75.1m 3.01m +82% added TTAN SERVICETITAN INC Technology 1.9% $68.7m 640,778 – new FSLR FIRST SOLAR INC Technology 1.8% $65.1m 393,464 – new FERG FERGUSON ENTERPRISES INC Industrials 1.8% $64.9m 297,956 +6.4% added ELF E L F BEAUTY INC Consumer Defensive 1.7% $61.5m 494,047 – new Z ZILLOW GROUP INC Communication Services 1.7% $60.0m 856,008 +82% added SE SEA LTD Consumer Cyclical 1.5% $54.6m 341,083 – new RL RALPH LAUREN CORP Consumer Cyclical 1.4% $49.2m 179,276 +7.6% added MELI MERCADOLIBRE Consumer Cyclical 1.3% $46.8m 17,923 – new AXON AXON ENTERPRISE INC Industrials 1.2% $43.3m 52,254 −17% reduced RBRK RUBRIK INC. Technology 1.2% $42.2m 471,280 – new AMSC AMERICAN SUPERCONDUCTOR CORP Industrials 1.1% $40.5m 1.10m +34% added NU NU HLDGS LTD Financial Services 1.0% $37.7m 2.74m – new BLDR BUILDERS FIRSTSOURCE INC Industrials 1.0% $37.6m 322,151 – new W WAYFAIR INC Consumer Cyclical 1.0% $37.2m 727,176 +12% added MA MASTERCARD INC Financial Services 1.0% $36.3m 64,586 −1.6% reduced AZO AUTOZONE INC Consumer Cyclical 1.0% $35.9m 9,660 – new S SENTINELONE INC Technology 1.0% $34.8m 1.90m −43% reduced SMTC SEMTECH CORP Technology 0.8% $29.9m 661,941 – new FIVN FIVE9 INC Technology 0.7% $25.3m 955,613 +55% added CRWV COREWEAVE INC Technology 0.7% $25.2m 154,563 −92% reduced RKT ROCKET COS INC Financial Services 0.7% $24.6m 1.73m – new ROG ROGERS CORP Technology 0.4% $12.9m 188,203 – new JOBY JOBY AVIATION INC Industrials 0.3% $10.6m 1.00m 0.0% held MU MICRON TECHNOLOGY INC Technology 0.2% $8.7m 70,478 −92% reduced TBLA TABOOLA.COM LTD Communication Services 0.07% $2.7m 725,000 0.0% held SONDER HOLDINGS INC no ticker – 0.07% $2.6m 960,533 0.0% held VOYG VOYAGER TECHNOLOGIES INC Industrials 0.01% $393k 10,000 – new CHYM CHIME FINL INC Technology 0.01% $345k 10,000 – new
Exited since Q1 2025 Sector mix Technology 49.0% Consumer Cyclical 22.8% Communication Services 12.4% Financial Services 6.5% Industrials 5.5% Unclassified 2.2% Consumer Defensive 1.7% Book over time Every quarter on file (27) Where Atreides Management, LP was early 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