Atreides Management
Picture
Moves
Options: 8 moves on a notional base, in the table below.
The book
- Very concentrated
- Concentrated
- Focused
- Diversified
- Low
- Moderate
- High
Top 5 positions
Positions
| NVDANvidia Corp | 7.62% | 1,925,231 | $359M | added×3.3 | +4.83 pp | 4 q |
| CIENCiena Corporation | 7.09% | 1,428,230 | $334M | added+2% | +1.79 pp | 3 q |
| UUnity Software Inc. | 6.21% | 6,625,439 | $293M | added+8% | −0.15 pp | 5 q |
| PEverpure, Inc. | 5.94% | 4,177,675 | $280M | added+2% | −2.98 pp | 3 q |
| ALABAstera Labs, Inc. | 5.69% | 1,611,194 | $268M | added×26.0 | +5.37 pp | 8 q |
| COHRCoherent Corp. | 4.84% | 1,235,246 | $228M | added+35% | +2.28 pp | 2 q |
| MUMicron Technology, Inc. | 4.47% | 738,916 | $211M | added+2% | +1.32 pp | 8 q |
| GOOGLAlphabet Inc. Class A | 3.42% | 514,339 | $161M | trimmed−7% | −0.05 pp | 8 q |
| AMZNAmazon.Com Inc | 3.37% | 687,799 | $159M | added+4% | −0.39 pp | 9 q |
| LITELumentum Holdings Inc. | 2.99% | 382,805 | $141M | trimmed−42% | +0.21 pp | 8 q |
| WIXWIX.com Ltd. | 2.75% | 1,247,457 | $130M | new | +2.75 pp | new |
| GTLBGitLab Inc. Class A | 2.53% | 3,177,083 | $119M | trimmed−42% | −3.88 pp | 6 q |
| SNOWSnowflake Inc. | 2.23% | 478,754 | $105M | added+2% | −0.52 pp | 5 q |
| AFRMAffirm Holdings, Inc. Class A | 2.19% | 1,384,941 | $103M | added×6.7 | +1.80 pp | 6 q |
| TWLOTwilio Inc. | 2.16% | 716,946 | $102M | trimmed−26% | −0.35 pp | 4 q |
| ACVAACV Auctions Inc. | 2.11% | 12,411,800 | $100M | added×2.3 | +0.69 pp | 20 q |
| ECHOEchoStar Corporation | 2.08% | 901,084 | $98M | new | +2.08 pp | new |
| DKSDick's Sporting Goods, Inc. | 2.06% | 490,828 | $97M | added+2% | −0.72 pp | 3 q |
| WINGWingstop Inc | 1.97% | 390,005 | $93M | new | +1.97 pp | new |
| COMPCompass, Inc. | 1.96% | 8,723,434 | $92M | new | +1.96 pp | new |
| MSFTMicrosoft Corp | 1.86% | 181,468 | $88M | new | +1.86 pp | new |
| WWayfair Inc. | 1.86% | 870,864 | $87M | added+2% | −0.12 pp | 20 q |
| TTANServiceTitan, Inc. Class A | 1.79% | 792,433 | $84M | added+27% | +0.15 pp | 3 q |
| TSLATesla, Inc. | 1.78% | 186,035 | $84M | trimmed−10% | −0.61 pp | 25 q |
| RKTRocket Companies, Inc. | 1.48% | 3,602,563 | $70M | added×3.6 | +0.98 pp | 3 q |
| RBRKRubrik, Inc. | 1.45% | 895,029 | $68M | added+19% | −0.16 pp | 3 q |
| PMPhilip Morris International Inc. | 1.38% | 405,759 | $65M | added+45% | +0.20 pp | 2 q |
| TEAMAtlassian Corporation Class A | 1.37% | 398,230 | $65M | added+30% | +0.10 pp | 2 q |
| AXONAxon Enterprise, Inc. | 1.27% | 105,469 | $60M | added×2.9 | +0.59 pp | 4 q |
| NUNu Holdings Ltd. | 1.16% | 3,272,998 | $55M | added+30% | +0.12 pp | 3 q |
| SMTCSemtech Corp | 1.08% | 691,591 | $51M | added+2% | −0.18 pp | 3 q |
| RLRalph Lauren Corporation | 0.96% | 127,562 | $45M | added+2% | −0.06 pp | 8 q |
| CRWVCoreWeave, Inc. Class A | 0.92% | 606,110 | $43M | added×9.6 | +0.70 pp | 4 q |
| AZOAutoZone, Inc. | 0.84% | 11,620 | $39M | added+6% | −0.38 pp | 3 q |
| FERGFerguson Enterprises Inc. | 0.84% | 177,917 | $40M | trimmed−20% | −0.46 pp | 5 q |
| CHYMChime Financial, Inc. Class A | 0.80% | 1,503,788 | $38M | new | +0.80 pp | new |
| SESea Limited | 0.75% | 275,439 | $35M | added+2% | −0.50 pp | 3 q |
| RBLXRoblox Corporation | 0.67% | 389,571 | $32M | trimmed−47% | −1.98 pp | 7 q |
| AMSCAmerican Superconductor Corp | 0.64% | 1,044,193 | $30M | added+35% | −0.55 pp | 4 q |
| MAMastercard Incorporated | 0.56% | 45,958 | $26M | added+2% | −0.11 pp | 9 q |
| FROGJFrog Ltd. | 0.54% | 404,276 | $25M | added+2% | +0.05 pp | 2 q |
| GNRCGenerac Holdings Inc | 0.53% | 182,765 | $25M | new | +0.53 pp | new |
| AMBQAmbiq Micro, Inc. | 0.42% | 696,420 | $20M | added+2% | −0.11 pp | 2 q |
| INTCIntel Corp | 0.38% | 483,930 | $18M | trimmed−81% | −1.90 pp | 2 q |
| ROGRogers Corporation | 0.33% | 171,920 | $16M | added+2% | −0.02 pp | 3 q |
| PFGCPerformance Food Group Company | 0.24% | 125,901 | $11M | new | +0.24 pp | new |
| MELIMercado Libre, Inc | 0.19% | 4,501 | $9M | trimmed−24% | −0.17 pp | 3 q |
| WRBYWarby Parker Inc. | 0.18% | 393,085 | $9M | new | +0.18 pp | new |
| TBLATaboola.com Ltd. | 0.07% | 738,210 | $3M | added+2% | +0.01 pp | 19 q |
| DECKDeckers Outdoor Corp | — | −1,250,516 | — | exited | −3.29 pp | — |
| HUBSHubspot, Inc. | — | −243,434 | — | exited | −2.96 pp | — |
| INTUIntuit Inc | — | −135,178 | — | exited | −2.40 pp | — |
| ELFe.l.f. Beauty, Inc. | — | −538,348 | — | exited | −1.85 pp | — |
| AMDAdvanced Micro Devices | — | −339,358 | — | exited | −1.43 pp | — |
| METAMeta Platforms, Inc. Class A | — | −66,093 | — | exited | −1.26 pp | — |
| VRNSVaronis Systems, Inc. | — | −658,415 | — | exited | −0.98 pp | — |
| IOTSamsara Inc. | — | −711,215 | — | exited | −0.69 pp | — |
| SNPSSynopsys Inc | — | −38,876 | — | exited | −0.50 pp | — |
| FIVNFIVE9, Inc. | — | −735,151 | — | exited | −0.46 pp | — |
| BLDRBuilders FirstSource, Inc. | — | −137,154 | — | exited | −0.43 pp | — |
| APPApplovin Corporation Class A | — | −17,378 | — | exited | −0.32 pp | — |
| JOBYJoby Aviation, Inc. | — | −769,407 | — | exited | −0.32 pp | — |
| ZZillow Group, Inc. Class C | — | −118,098 | — | exited | −0.24 pp | — |
| GEMIGemini Space Station, Inc. Class A | — | −70,000 | — | exited | −0.04 pp | — |
| SONDQSonder Holdings Inc A | — | −960,533 | — | exited | −0.03 pp | — |
Other 13(f) securities
Options
| Contract | % of notional | Shares | Notional |
|---|---|---|---|
| QQQ PUT | 61.96% | 3,500,000 | $2.2B |
| NVDA CALL | 18.81% | 3,500,000 | $653M |
| MU PUT | 5.76% | 700,000 | $200M |
| COHR CALL | 4.79% | 900,000 | $166M |
| U CALL | 4.71% | 3,700,000 | $163M |
| P CALL | 2.90% | 1,500,000 | $101M |
| GTLB CALL | 1.08% | 1,000,000 | $38M |
Notes