WhaleCreep

Atreides Management, LP 13F holdings, Q4 2025

Hedge fundSEC filingsCompare with another fundHoldings as of 2025-12-31, filed 2026-02-17

Atreides Management, LP disclosed 49 US equity positions worth $4.7bn in its Q4 2025 13F filing. Its largest position is NVDA at 7.6% of the reported book, followed by CIEN and U. Versus Q3 2025 it opened 9 new positions, added to 31, reduced 9 and exited 16.

$4.7bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
49
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
7.6%
Largest position
The largest single position as a share of the reported equity book.
51.6%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
27
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 2025: 9 new, 31 added, 9 reduced, 16 exited

49 rows
NVDA NVIDIA CORPORATIONTechnology7.6%$359m1.93m+235%added
CIEN CIENA CORPTechnology7.1%$334m1.43m+2.0%added
U UNITY SOFTWARE INCTechnology6.2%$293m6.63m+8.4%added
P EVERPURE INCTechnology5.9%$280m4.18m+1.9%added
ALAB ASTERA LABS INCTechnology5.7%$268m1.61m+2497%added
COHR COHERENT CORPTechnology4.8%$228m1.24m+35%added
MU MICRON TECHNOLOGY INCTechnology4.5%$211m738,916+1.9%added
GOOGL ALPHABET INCCommunication Services3.4%$161m514,339−6.5%reduced
AMZN AMAZON COM INCConsumer Cyclical3.4%$159m687,799+4.4%added
LITE LUMENTUM HLDGS INCTechnology3.0%$141m382,805−42%reduced
WIX WIX COM LTDTechnology2.7%$130m1.25m–new
GTLB GITLAB INCTechnology2.5%$119m3.18m−42%reduced
SNOW SNOWFLAKE INCTechnology2.2%$105m478,754+2.0%added
AFRM AFFIRM HLDGS INCFinancial Services2.2%$103m1.38m+566%added
TWLO TWILIO INCTechnology2.2%$102m716,946−26%reduced
ACVA ACV AUCTIONS INCConsumer Cyclical2.1%$99.5m12.41m+125%added
ECHO ECHOSTAR CORPCommunication Services2.1%$97.9m901,084–new
DKS DICKS SPORTING GOODS INCConsumer Cyclical2.1%$97.2m490,828+2.0%added
WING WINGSTOP INCConsumer Cyclical2.0%$93.0m390,005–new
COMP COMPASS INCReal Estate2.0%$92.2m8.72m–new
MSFT MICROSOFT CORPTechnology1.9%$87.8m181,468–new
W WAYFAIR INCConsumer Cyclical1.9%$87.4m870,864+1.9%added
TTAN SERVICETITAN INCTechnology1.8%$84.4m792,433+27%added
TSLA TESLA INCConsumer Cyclical1.8%$83.7m186,035−9.9%reduced
RKT ROCKET COS INCFinancial Services1.5%$69.7m3.60m+260%added
RBRK RUBRIK INC.Technology1.5%$68.5m895,029+19%added
PM PHILIP MORRIS INTL INCConsumer Defensive1.4%$65.1m405,759+45%added
TEAM ATLASSIAN CORPORATIONTechnology1.4%$64.6m398,230+30%added
AXON AXON ENTERPRISE INCIndustrials1.3%$59.9m105,469+189%added
NU NU HLDGS LTDFinancial Services1.2%$54.8m3.27m+30%added
SMTC SEMTECH CORPTechnology1.1%$51.0m691,591+2.0%added
RL RALPH LAUREN CORPConsumer Cyclical1.0%$45.1m127,562+2.0%added
CRWV COREWEAVE INCTechnology0.9%$43.4m606,110+864%added
FERG FERGUSON ENTERPRISES INCIndustrials0.8%$39.6m177,917−20%reduced
AZO AUTOZONE INCConsumer Cyclical0.8%$39.4m11,620+6.3%added
CHYM CHIME FINL INCTechnology0.8%$37.9m1.50m–new
SE SEA LTDConsumer Cyclical0.7%$35.1m275,439+1.9%added
RBLX ROBLOX CORPCommunication Services0.7%$31.6m389,571−47%reduced
AMSC AMERICAN SUPERCONDUCTOR CORPIndustrials0.6%$30.1m1.04m+35%added
MA MASTERCARD INCFinancial Services0.6%$26.2m45,958+2.0%added
FROG JFROG LTDTechnology0.5%$25.3m404,276+1.8%added
GNRC GENERAC HLDGS INCIndustrials0.5%$24.9m182,765–new
AMBQ AMBIQ MICRO INCTechnology0.4%$19.8m696,420+1.8%added
INTC INTEL CORPTechnology0.4%$17.9m483,930−81%reduced
ROG ROGERS CORPTechnology0.3%$15.7m171,920+1.8%added
PFGC PERFORMANCE FOOD GROUP COConsumer Defensive0.2%$11.3m125,901–new
MELI MERCADOLIBREConsumer Cyclical0.2%$9.1m4,501−24%reduced
WRBY WARBY PARKER INCHealthcare0.2%$8.6m393,085–new
TBLA TABOOLA.COM LTDCommunication Services0.07%$3.4m738,210+1.8%added

Exited since Q3 2025

16 rows
DECK DECKERS OUTDOOR CORP3.3%$127m
HUBS HUBSPOT INC3.0%$114m
INTU INTUIT2.4%$92.3m
ELF E L F BEAUTY INC1.9%$71.3m
AMD ADVANCED MICRO DEVICES INC1.4%$54.9m
META META PLATFORMS INC1.3%$48.5m
VRNS VARONIS SYS INC1.0%$37.8m
IOT SAMSARA INC0.7%$26.5m
SNPS SYNOPSYS INC0.5%$19.2m
FIVN FIVE9 INC0.5%$17.8m
BLDR BUILDERS FIRSTSOURCE INC0.4%$16.6m
APP APPLOVIN CORP0.3%$12.5m
JOBY JOBY AVIATION INC0.3%$12.4m
Z ZILLOW GROUP INC0.2%$9.1m
GEMINI SPACE STA INC no ticker0.04%$1.7m
SONDER HOLDINGS INC no ticker0.03%$1.2m

Sector mix

  • Technology65.5%
  • Consumer Cyclical15.9%
  • Communication Services6.2%
  • Financial Services5.4%
  • Industrials3.3%
  • Real Estate2.0%
  • Consumer Defensive1.6%
  • Healthcare0.2%

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