Funds › Atreides Management, LP › Q3 2025Atreides Management, LP 13F holdings, Q3 2025 Atreides Management, LP disclosed 56 US equity positions worth $3.8bn in its Q3 2025 13F filing. Its largest position is P at 8.9% of the reported book, followed by GTLB and U. Versus Q2 2025 it opened 13 new positions, added to 12, reduced 29 and exited 5.
$3.8bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
56 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.
46.4% Top 10 weight The ten largest positions together, as a share of the reported equity book.
29 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 2025: 13 new , 12 added , 29 reduced , 5 exited
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Stock Sector Weight Value Shares Δ shares Action P EVERPURE INC Technology 8.9% $343m 4.10m +15% added GTLB GITLAB INC Technology 6.4% $247m 5.47m +39% added U UNITY SOFTWARE INC Technology 6.4% $245m 6.11m −1.0% reduced CIEN CIENA CORP Technology 5.3% $204m 1.40m +11% added AMZN AMAZON COM INC Consumer Cyclical 3.8% $145m 658,886 −8.3% reduced GOOGL ALPHABET INC Communication Services 3.5% $134m 550,260 −42% reduced DECK DECKERS OUTDOOR CORP Consumer Cyclical 3.3% $127m 1.25m +47% added MU MICRON TECHNOLOGY INC Technology 3.2% $121m 724,957 +929% added HUBS HUBSPOT INC Technology 3.0% $114m 243,434 – new NVDA NVIDIA CORPORATION Technology 2.8% $107m 574,723 −17% reduced DKS DICKS SPORTING GOODS INC Consumer Cyclical 2.8% $107m 481,386 −45% reduced LITE LUMENTUM HLDGS INC Technology 2.8% $107m 656,960 −63% reduced SNOW SNOWFLAKE INC Technology 2.8% $106m 469,545 −11% reduced RBLX ROBLOX CORP Communication Services 2.7% $102m 737,007 −30% reduced COHR COHERENT CORP Technology 2.6% $98.4m 913,778 – new TWLO TWILIO INC Technology 2.5% $96.7m 965,763 +32% added INTU INTUIT Technology 2.4% $92.3m 135,178 – new TSLA TESLA INC Consumer Cyclical 2.4% $91.9m 206,562 −36% reduced INTC INTEL CORP Technology 2.3% $87.6m 2.61m – new W WAYFAIR INC Consumer Cyclical 2.0% $76.3m 854,390 +17% added ELF E L F BEAUTY INC Consumer Defensive 1.9% $71.3m 538,348 +9.0% added TTAN SERVICETITAN INC Technology 1.6% $63.1m 626,227 −2.3% reduced RBRK RUBRIK INC. Technology 1.6% $61.9m 752,752 +60% added AMD ADVANCED MICRO DEVICES INC Technology 1.4% $54.9m 339,358 −80% reduced ACVA ACV AUCTIONS INC Consumer Cyclical 1.4% $54.6m 5.51m +17% added FERG FERGUSON ENTERPRISES INC Industrials 1.3% $50.0m 222,624 −25% reduced TEAM ATLASSIAN CORPORATION Technology 1.3% $48.7m 305,231 – new META META PLATFORMS INC Communication Services 1.3% $48.5m 66,093 −54% reduced SMTC SEMTECH CORP Technology 1.3% $48.5m 678,133 +2.4% added SE SEA LTD Consumer Cyclical 1.3% $48.3m 270,173 −21% reduced AZO AUTOZONE INC Consumer Cyclical 1.2% $46.9m 10,928 +13% added AMSC AMERICAN SUPERCONDUCTOR CORP Industrials 1.2% $45.8m 771,495 −30% reduced PM PHILIP MORRIS INTL INC Consumer Defensive 1.2% $45.3m 279,097 – new NU NU HLDGS LTD Financial Services 1.0% $40.2m 2.51m −8.6% reduced RL RALPH LAUREN CORP Consumer Cyclical 1.0% $39.2m 125,100 −30% reduced VRNS VARONIS SYS INC Technology 1.0% $37.8m 658,415 – new IOT SAMSARA INC Technology 0.7% $26.5m 711,215 – new AXON AXON ENTERPRISE INC Industrials 0.7% $26.2m 36,461 −30% reduced MA MASTERCARD INC Financial Services 0.7% $25.6m 45,068 −30% reduced AMBQ AMBIQ MICRO INC Technology 0.5% $20.5m 684,307 – new RKT ROCKET COS INC Financial Services 0.5% $19.4m 1.00m −42% reduced SNPS SYNOPSYS INC Technology 0.5% $19.2m 38,876 – new FROG JFROG LTD Technology 0.5% $18.8m 397,244 – new FIVN FIVE9 INC Technology 0.5% $17.8m 735,151 −23% reduced BLDR BUILDERS FIRSTSOURCE INC Industrials 0.4% $16.6m 137,154 −57% reduced AFRM AFFIRM HLDGS INC Financial Services 0.4% $15.2m 207,905 −89% reduced MELI MERCADOLIBRE Consumer Cyclical 0.4% $13.8m 5,896 −67% reduced ROG ROGERS CORP Technology 0.4% $13.6m 168,925 −10% reduced APP APPLOVIN CORP Communication Services 0.3% $12.5m 17,378 – new JOBY JOBY AVIATION INC Industrials 0.3% $12.4m 769,407 −23% reduced
Exited since Q2 2025 5 rows
Stock Prior weight Prior value 8QR CONFLUENT INC 2.1% $75.1m FSLR FIRST SOLAR INC 1.8% $65.1m S SENTINELONE INC 1.0% $34.8m VOYG VOYAGER TECHNOLOGIES INC 0.01% $393k CHYM CHIME FINL INC 0.01% $345k
Sector mix Technology 62.9% Consumer Cyclical 19.5% Communication Services 8.0% Industrials 3.9% Consumer Defensive 3.0% Financial Services 2.6% Unclassified 0.08% 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