Atreides Management, LP
Sector Allocation
- Technology90.2%$10.1B
- Consumer Discretionary4.6%$515.2M
- Financials2.1%$239.9M
- Industrials1.6%$183.1M
- Real Estate0.6%$69.8M
- Healthcare0.4%$49.5M
- Materials0.3%$31.0M
- Utilities0.0%$291,102
AUM History
13fpro.ai/research/fund/atreides-management-lp-1777813
Conviction and streaks
Concentrating · top 10 = 76.3%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
SPCX$4.7BMU
$821.1MCBRS
$687.3MALAB
$587.7MCIEN
$337.8MCRDO
$307.1MPANW
$299.1MU
$292.8MCOHR
$253.3MNVDA
$250.0MAMZN
$231.1MMETA
$226.9MCRWV
$211.5MGOOGL
$174.5MTWLO
$148.6MAPH
$112.9MAKAM
$107.6MAFRM
$103.8MGTLB
$103.0MINTC
$92.7M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/atreides-management-lp-1777813
Atreides Management, LP 13F holdings — Q2 2026
$14.3B portfolio (+186.6% QoQ) · 49 holdings · Q2 2026 13F · top 10 are 76% of the stock portfolio
Includes $3.2B of put/call options ($2.4B puts, $830.6M calls), which 13F rules report at the value of the underlying shares, not the premium at risk. Stocks alone: $11.1B. Weights use the stock portfolio.
$4.7B
41.9% of stocks
NewThis quarter+4.9%Since filedNew this quarterHeld$821.1M
7.4% of stocks
-6%This quarter-7.0%Since filed10+ qtrsHeld$687.3M
6.2% of stocks
NewThis quarter-50.5%Since filedNew this quarterHeld$587.7M
5.3% of stocks
-64%This quarter-19.3%Since filed10+ qtrsHeld$337.8M
3.0% of stocks
+2%This quarter-21.6%Since filed5 qtrsHeld$307.1M
2.8% of stocks
+3%This quarter-41.8%Since filed2 qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 2 qtrs in a row$299.1M
2.7% of stocks
+56%This quarter+1.6%Since filed2 qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 2 qtrs in a row$292.8M
2.6% of stocks
-17%This quarter-12.8%Since filed7 qtrsHeld$253.3M
2.3% of stocks
+2%This quarter-32.0%Since filed4 qtrsHeld$250.0M
2.2% of stocks
+0.1%This quarter-4.1%Since filed6 qtrsHeld
All holdings — Atreides Management, LP (Q2 2026)
49 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | INVESCO QQQ TRUST, SERIES 1 | — | $2.4B | — | 3.20M | +129% | — | — | 13F | |
| 12 | Meta Platforms, Inc. | Technology | $675.9M | — | 1.20M | New | — | — | 13F | |
| 13 | AMAZON COM INC | Consumer Discretionary | $231.1M | 2.1% | 970K | +2% | 10+ qtrsAdded 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | Meta Platforms, Inc. | Technology | $226.9M | 2.0% | 403K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | CoreWeave, Inc. | Technology | $211.5M | 1.9% | 2.12M | +162% | 6 qtrsAdded 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | Alphabet Inc. | Technology | $174.5M | 1.6% | 488K | -12% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | Cerebras Systems Inc. | Technology | $154.7M | — | 700K | New | — | — | 13F | |
| 18 | TWILIO INC | Technology | $148.6M | 1.3% | 720K | -22% | 6 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | AMPHENOL CORP /DE/ | Technology | $112.9M | 1.0% | 640K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | AKAMAI TECHNOLOGIES INC | Industrials | $107.6M | 1.0% | 911K | +33% | 2 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | Affirm Holdings, Inc. | Financials | $103.8M | 0.9% | 1.27M | +7% | 8 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | Gitlab Inc. | Technology | $103.0M | 0.9% | 3.37M | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | INTEL CORP | Technology | $92.7M | 0.8% | 664K | +2% | 4 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | SEMTECH CORP | Technology | $89.2M | 0.8% | 551K | +2% | 5 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | Cipher Digital Inc. | Financials | $87.9M | 0.8% | 3.59M | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $TSLA | Tesla, Inc. | Consumer Discretionary | $85.9M | 0.8% | 204K | +2% | |||
| 27 | $DKS | DICK'S SPORTING GOODS, INC. | Consumer Discretionary | $85.1M | 0.8% | 375K | -17% | |||
| 28 | $W | Wayfair Inc. | Consumer Discretionary | $78.0M | 0.7% | 844K | -41% | |||
| 29 | $AMBQ | Ambiq Micro, Inc. | Technology | $77.4M | 0.7% | 877K | +2% | |||
| 30 | $IOT | Samsara Inc. | Technology | $74.9M | 0.7% | 2.31M | New | |||
| 31 | $ACVA | ACV Auctions Inc. | Industrials | $71.2M | 0.6% | 9.90M | +2% | |||
| 32 | $COMP | Compass, Inc. | Real Estate | $69.8M | 0.6% | 5.66M | +2% | |||
| 33 | $WIX | Wix.com Ltd. | Technology | $66.2M | 0.6% | 1.46M | +124% | |||
| 34 | $MA | Mastercard Inc | Financials | $48.1M | 0.4% | 94K | +89% | |||
| 35 | $PDFS | PDF SOLUTIONS INC | Technology | $46.6M | 0.4% | 659K | New | |||
| 36 | $TTAN | ServiceTitan, Inc. | Technology | $38.3M | 0.3% | 542K | New | |||
| 37 | $FERG | Ferguson Enterprises Inc. /DE/ | Consumer Discretionary | $35.1M | 0.3% | 148K | +1.0% | |||
| 38 | $NOK | NOKIA CORP | Technology | $33.5M | 0.3% | 2.52M | +2% | |||
| 39 | $ROG | ROGERS CORP | Materials | $31.0M | 0.3% | 189K | +2% | |||
| 40 | $NTRA | Natera, Inc. | Healthcare | $28.3M | 0.3% | 104K | New | |||
| 41 | $WRBY | Warby Parker Inc. | Healthcare | $21.2M | 0.2% | 699K | +2% | |||
| 42 | $VECO | VEECO INSTRUMENTS INC | Technology | $18.0M | 0.2% | 238K | +2% | |||
| 43 | $NBIS | Nebius Group N.V. | Technology | $17.7M | 0.2% | 64K | +2% | |||
| 44 | $INIO | INNIO N.V. | Technology | $13.8M | 0.1% | 349K | New | |||
| 45 | $EQPT | EquipmentShare.com Inc | Industrials | $4.3M | 0.0% | 217K | +2% | |||
| 46 | $TBLA | Taboola.com Ltd. | Technology | $4.2M | 0.0% | 835K | +2% | |||
| 47 | $QNT | Quantinuum Inc. | Technology | $3.3M | 0.0% | 40K | New | |||
| 48 | $FRVO | Fervo Energy Co | Utilities | $291K | 0.0% | 9,959 | New | |||
| 49 | $BTGO | BITGO HOLDINGS, INC. | Financials | $153K | 0.0% | 30K | +2% |
What changed in Q2 2026
Against the previous quarter's 13F: 15 new, 27 added to, 7 trimmed, 20 sold out. Share-count changes; largest moves by dollar size first.
New positions (15)
- $SPCXSPACE EXPLORATION TECHNOLOGIES CORP$4.7B
first bought this quarter
first bought this quarter
first bought this quarter
first bought this quarter
first bought this quarter
first bought this quarter
+9 more in the Excel export
Added to (27)
$QQQPUTINVESCO QQQ TRUST, SERIES 1+129%
now $2.4B
now $211.5M · held 6 qtrs, 3 adds in a row
now $299.1M · held 2 qtrs, 2 adds in a row
$WIXWix.com Ltd.+124%
now $66.2M · held 3 qtrs
now $107.6M · held 2 qtrs, 2 adds in a row
$MAMastercard Inc+89%
now $48.1M · held 10+ qtrs, 3 adds in a row
+21 more in the Excel export
Trimmed (7)
now $587.7M · held 10+ qtrs
now $292.8M · held 7 qtrs
now $821.1M · held 10+ qtrs
$WWayfair Inc.-41%
now $78.0M · held 10+ qtrs
now $148.6M · held 6 qtrs
now $174.5M · held 10+ qtrs
+1 more in the Excel export
Holdings by quarter
Every 13F Atreides Management, LP has filed, 26 earlier quarters. Pick one to see what it held then.
Is it too late to follow Atreides Management?
Q2 2026 13F filed with the SEC on Aug 14, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of Atreides Management's top 20 holdings: 70/100 (our AI quality score, weighted by position size; 18 of the 20 are scored)
Top 10 since filing
-7.2%
Value-weighted move of the 10 largest stock positions
Turnover
31%
Last quarter; 111% over the last 4
Top 10 weight
76%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
37%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
Atreides Management, LP disclosed 49 positions worth $14.3B in its Form 13F-HR for Q2 2026 — $11.1B in common stock plus $3.2B of put/call option positions (reported at underlying notional value, not premium at risk), led by $SPCX (SPACE EXPLORATION TECHNOLOGIES CORP) at 41.9% of the equity portfolio, followed by $MU and $CBRS. During the quarter the fund opened 15 new positions and exited 20 — including a new stake in $SPCX and a full exit from $LITE. The portfolio is most concentrated in Technology (90.2% of disclosed assets). All figures are sourced directly from Atreides Management, LP’s Form 13F-HR filing with the SEC under CIK 1777813.
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