Atreides Management, LP
BOSTON, MA
$11.1bn in 46 US stocks at the end of 30 June 2026. The top 10 are 76.3% of the money. It changed about 57.2% of the portfolio this quarter.
Value
$11.1bn
Stocks
46
Top 10 share
76.3%
Turnover
57.2%
What changed this quarter
New
Bought for the first time this quarter.
- Space Exploration TechnologiesSPCX41.9% of the fund
- Cerebras SystemsCBRS6.2% of the fund
- Meta PlatformsMETA2.0% of the fund
- AmphenolAPH1.0% of the fund
- GitlabGTLB0.9% of the fund
- Cipher DigitalCIFR0.8% of the fund
- SamsaraIOT0.7% of the fund
- PDF SolutionsPDFS0.4% of the fund
- ServiceTitanTTAN0.3% of the fund
- NateraNTRA0.3% of the fund
- InnioINIO0.1% of the fund
- QuantinuumQNT<0.1% of the fund
- Fervo EnergyFRVO<0.1% of the fund
Added
Bought more of a stock they already held.
- Credo Technology Group HoldingCRDO2.8% of the fund+3%
- Palo Alto NetworksPANW2.7% of the fund+56%
- CoreWeaveCRWV1.9% of the fund+162%
- Akamai TechnologiesAKAM1.0% of the fund+33%
- Affirm HoldingsAFRM0.9% of the fund+7%
- Wix.comWIX0.6% of the fund+124%
- MastercardMA0.4% of the fund+89%
Cut
Sold some of their stake.
- Micron TechnologyMU7.4% of the fund-6%
- Astera LabsALAB5.3% of the fund-64%
- Unity SoftwareU2.6% of the fund-17%
- AlphabetGOOGL1.6% of the fund-12%
- TwilioTWLO1.3% of the fund-22%
- Dick's Sporting GoodsDKS0.8% of the fund-17%
- WayfairW0.7% of the fund-41%
Sold out
Sold their entire stake.
- Lumentum HoldingsLITE-100%
- EchoStarECHO-100%
- Zoom CommunicationsZM-100%
- Rocket CompaniesRKT-100%
- VistraVST-100%
- RobloxRBLX-100%
- HubspotHUBS-100%
- SynopsysSNPS-100%
- Ralph LaurenRL-100%
- Axon EnterpriseAXON-100%
- WingstopWING-100%
- Chime FinancialCHYM-100%
- AeroVironmentAVAV-100%
- RubrikRBRK-100%
- JFrogFROG-100%
- SnowflakeSNOW-100%
- VisaV-100%
- GlobalfoundriesGFS-100%
Holdings
- Space Exploration TechnologiesSPCX
- Share
- 41.9%
- Value
- $4.7bn
- Shares
- 27,332,943
New
- Cerebras SystemsCBRS
- Share
- 6.2%
- Value
- $687m
- Shares
- 3,110,086
New
- NokiaNOK
- Share
- 0.3%
- Value
- $34m
- Shares
- 2,524,974
Held
- InnioINIO
- Share
- 0.1%
- Value
- $14m
- Shares
- 348,696
New
- QuantinuumQNT
- Share
- <0.1%
- Value
- $3m
- Shares
- 39,853
New
- Fervo EnergyFRVO
- Share
- <0.1%
- Value
- $291,102
- Shares
- 9,959
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Space Exploration TechnologiesSPCX | 41.9% | $4.7bn | 27,332,943 | New |
| Micron TechnologyMU | 7.4% | $821m | 711,364 | -6% |
| Cerebras SystemsCBRS | 6.2% | $687m | 3,110,086 | New |
| Astera LabsALAB | 5.3% | $588m | 1,216,795 | -64% |
| CienaCIEN | 3.0% | $338m | 688,521 | Held |
| Credo Technology Group HoldingCRDO | 2.8% | $307m | 1,129,285 | +3% |
| Palo Alto NetworksPANW | 2.7% | $299m | 876,954 | +56% |
| Unity SoftwareU | 2.6% | $293m | 10,245,819 | -17% |
| CoherentCOHR | 2.3% | $253m | 642,101 | Held |
| NvidiaNVDA | 2.2% | $250m | 1,249,291 | Held |
| Amazon.comAMZN | 2.1% | $231m | 969,629 | Held |
| Meta PlatformsMETA | 2.0% | $227m | 402,770 | New |
| CoreWeaveCRWV | 1.9% | $212m | 2,124,845 | +162% |
| AlphabetGOOGL | 1.6% | $175m | 488,296 | -12% |
| TwilioTWLO | 1.3% | $149m | 720,338 | -22% |
| AmphenolAPH | 1.0% | $113m | 640,069 | New |
| Akamai TechnologiesAKAM | 1.0% | $108m | 910,583 | +33% |
| Affirm HoldingsAFRM | 0.9% | $104m | 1,273,050 | +7% |
| GitlabGTLB | 0.9% | $103m | 3,373,169 | New |
| IntelINTC | 0.8% | $93m | 663,802 | Held |
| SemtechSMTC | 0.8% | $89m | 551,214 | Held |
| Cipher DigitalCIFR | 0.8% | $88m | 3,586,409 | New |
| TeslaTSLA | 0.8% | $86m | 204,275 | Held |
| Dick's Sporting GoodsDKS | 0.8% | $85m | 375,118 | -17% |
| WayfairW | 0.7% | $78m | 843,860 | -41% |
| Ambiq MicroAMBQ | 0.7% | $77m | 877,123 | Held |
| SamsaraIOT | 0.7% | $75m | 2,308,649 | New |
| ACV AuctionsACVA | 0.6% | $71m | 9,903,239 | Held |
| CompassCOMP | 0.6% | $70m | 5,658,421 | Held |
| Wix.comWIX | 0.6% | $66m | 1,458,458 | +124% |
| MastercardMA | 0.4% | $48m | 93,629 | +89% |
| PDF SolutionsPDFS | 0.4% | $47m | 658,536 | New |
| ServiceTitanTTAN | 0.3% | $38m | 542,092 | New |
| Ferguson EnterprisesFERG | 0.3% | $35m | 147,759 | Held |
| NokiaNOK | 0.3% | $34m | 2,524,974 | Held |
| RogersROG | 0.3% | $31m | 189,311 | Held |
| NateraNTRA | 0.3% | $28m | 104,385 | New |
| Warby ParkerWRBY | 0.2% | $21m | 698,903 | Held |
| Veeco InstrumentsVECO | 0.2% | $18m | 237,919 | Held |
| Nebius GroupNBIS | 0.2% | $18m | 64,125 | Held |
| InnioINIO | 0.1% | $14m | 348,696 | New |
| EquipmentShare.comEQPT | <0.1% | $4m | 217,131 | Held |
| Taboola.comTBLA | <0.1% | $4m | 835,026 | Held |
| QuantinuumQNT | <0.1% | $3m | 39,853 | New |
| Fervo EnergyFRVO | <0.1% | $291,102 | 9,959 | New |
| Bitgo HoldingsBTGO | <0.1% | $153,385 | 29,611 | Held |
Options (3)
- Invesco QQQ TRQQQ
- Type
- Put
- Value
- $2.4bn
- Contracts
- 3,200,000
- Meta PlatformsMETA
- Type
- Call
- Value
- $676m
- Contracts
- 1,200,000
- Cerebras SystemsCBRS
- Type
- Call
- Value
- $155m
- Contracts
- 700,000
| Company | Type | Value | Contracts |
|---|---|---|---|
| Invesco QQQ TRQQQ | Put | $2.4bn | 3,200,000 |
| Meta PlatformsMETA | Call | $676m | 1,200,000 |
| Cerebras SystemsCBRS | Call | $155m | 700,000 |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 209.4% since 30 June 2025.
Where the money is
Technology87.8%
Retail & consumer4.3%
Media & telecom3.6%
Financial services2.2%
Real estate0.6%
Industrials0.5%
Health care0.4%
Materials0.3%
Utilities0.0%
Other0.3%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.