undamentalytics Newsletter
Sign in

Hedge fund

Atreides Management, LP

13F for the quarter to June 30, 2026, filed August 14, 2026 · SEC CIK 1777813

Reported value
$11.1bn
100% in companies we cover
Positions we cover
45
Largest SPCX 41.9%
Copy, a year
+26.6%
S&P 500 +14.6%
Copy Sharpe ratio
0.78
S&P 500 0.66

How copying its 13F would have done

$10.0k$20.0k$40.0k 2020202120222023202420252026 $48.6k$24.9k
CopyS&P 500 $10,000 copying Atreides Management, LP's filed holdings in companies we cover from February 21, 2020, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −51.9% (S&P 500 −31.0%); beta 1.47; alpha +7.7% a year (t = 1.11); last 12 months +18.7% against +12.1%.

Reported value by quarter

Atreides Management, LP: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).
$0 $1T $2T $3T Reported value, 2019-12-31: $413.4M Reported value, 2020-03-31: $452.2M Reported value, 2020-06-30: $693.9M Reported value, 2020-09-30: $859.7M Reported value, 2020-12-31: $1.5B Reported value, 2021-03-31: $3.1B Reported value, 2021-06-30: $3.9B Reported value, 2021-09-30: $3.9B Reported value, 2021-12-31: $3.2B Reported value, 2022-03-31: $2.8B Reported value, 2022-06-30: $2.4B Reported value, 2022-09-30: $2.7B Reported value, 2022-12-31: $2.5T Reported value, 2023-03-31: $2.8B Reported value, 2023-06-30: $3.3B Reported value, 2023-09-30: $2.9B Reported value, 2023-12-31: $2.8B Reported value, 2024-03-31: $3.3B Reported value, 2024-06-30: $3.1B Reported value, 2024-09-30: $3B Reported value, 2024-12-31: $3.2B Reported value, 2025-03-31: $2.8B Reported value, 2025-06-30: $3.6B Reported value, 2025-09-30: $3.8B Reported value, 2025-12-31: $4.7B Reported value, 2026-03-31: $4.1B Reported value, 2026-06-30: $11.1B 2019-12-31 2021-06-30 2022-12-31 2024-06-30 2026-06-30 $11.1B
View chart data
Period Reported value
2019-12-31 $413.4M
2020-03-31 $452.2M
2020-06-30 $693.9M
2020-09-30 $859.7M
2020-12-31 $1.5B
2021-03-31 $3.1B
2021-06-30 $3.9B
2021-09-30 $3.9B
2021-12-31 $3.2B
2022-03-31 $2.8B
2022-06-30 $2.4B
2022-09-30 $2.7B
2022-12-31 $2.5T
2023-03-31 $2.8B
2023-06-30 $3.3B
2023-09-30 $2.9B
2023-12-31 $2.8B
2024-03-31 $3.3B
2024-06-30 $3.1B
2024-09-30 $3B
2024-12-31 $3.2B
2025-03-31 $2.8B
2025-06-30 $3.6B
2025-09-30 $3.8B
2025-12-31 $4.7B
2026-03-31 $4.1B
2026-06-30 $11.1B

Holdings and moves

CompanyShare of portfolioValueSharesChange in shares
SPCXSpace Exploration Technologies Corp41.89%$4.7bn27.33MNew
MUMicron Technology7.37%$821.1m711.4K−6.5% Reduced
CBRSCerebras Systems Inc.6.17%$687.3m3.11MNew
ALABAstera Labs, Inc.5.27%$587.7m1.22M−63.8% Reduced
CIENCiena3.03%$337.8m688.5K+1.7% Added
CRDOCredo Technology Group Holding Ltd2.75%$307.1m1.13M+3.5% Added
PANWPalo Alto Networks2.68%$299.1m877.0K+56.1% Added
UUnity Software Inc.2.63%$292.8m10.25M−17.3% Reduced
COHRCoherent Corp.2.27%$253.3m642.1K+1.7% Added
NVDANVIDIA Corporation2.24%$250.0m1.25M+0.1%
AMZNAmazon2.07%$231.1m969.6K+1.7% Added
METAMeta Platforms2.04%$226.9m402.8KNew
CRWVCoreweave, Inc.1.90%$211.5m2.12M+162.2% Added
GOOGLAlphabet Inc. (Class A)1.56%$174.5m488.3K−12.0% Reduced
TWLOTwilio Inc1.33%$148.6m720.3K−21.8% Reduced
APHAmphenol1.01%$112.9m640.1KNew
AKAMAkamai Technologies0.97%$107.6m910.6K+33.4% Added
AFRMAffirm Holdings, Inc.0.93%$103.8m1.27M+6.6% Added
GTLBGitlab Inc.0.92%$103.0m3.37MNew
INTCIntel0.83%$92.7m663.8K+1.5% Added
SMTCSemtech Corp0.80%$89.2m551.2K+1.7% Added
CIFRCipher Digital Inc.0.79%$87.9m3.59MNew
TSLATesla, Inc.0.77%$85.9m204.3K+1.7% Added
DKSDick's Sporting Goods, Inc.0.76%$85.1m375.1K−17.1% Reduced
WWayfair Inc.0.70%$78.0m843.9K−41.0% Reduced
AMBQAmbiq Micro, Inc.0.69%$77.4m877.1K+1.7% Added
IOTSamsara Inc.0.67%$74.9m2.31MNew
ACVAACV Auctions Inc.0.64%$71.2m9.90M+1.7% Added
COMPCompass, Inc.0.63%$69.8m5.66M+1.7% Added
WIXWix.com Ltd.0.59%$66.2m1.46M+124.2% Added
MAMastercard0.43%$48.1m93.6K+88.8% Added
PDFSPDF Solutions Inc0.42%$46.6m658.5KNew
TTANServicetitan, Inc.0.34%$38.3m542.1KNew
FERGFerguson Enterprises0.32%$35.1m147.8K+1.0% Added
ROGRogers Corp0.28%$31.0m189.3K+1.7% Added
NTRANatera, Inc.0.25%$28.3m104.4KNew
WRBYWarby Parker Inc.0.19%$21.2m698.9K+1.7% Added
VECOVeeco Instruments Inc0.16%$18.0m237.9K+1.7% Added
NBISNebius Group N.V.0.16%$17.7m64.1K+1.7% Added
INIOInnio N.V.0.12%$13.8m348.7KNew
EQPTEquipmentshare.com Inc0.04%$4.3m217.1K+1.7% Added
TBLATaboola.com Ltd.0.04%$4.2m835.0K+1.7% Added
QNTQuantinuum Inc.0.03%$3.3m39.9KNew
FRVOFervo Energy Co0.00%$291,10210.0KNew
BTGOBitgo Holdings, Inc.0.00%$153,38529.6K+1.7% Added
CompanyBought (value)Shares
SPCXSpace Exploration Technologies Corp$4.7bn27.33M
CBRSCerebras Systems Inc.$687.3m3.11M
METAMeta Platforms$226.9m402.8K
CRWVCoreweave, Inc.$130.8m1.31M
APHAmphenol$112.9m640.1K
PANWPalo Alto Networks$107.5m315.2K
GTLBGitlab Inc.$103.0m3.37M
CIFRCipher Digital Inc.$87.9m3.59M
IOTSamsara Inc.$74.9m2.31M
PDFSPDF Solutions Inc$46.6m658.5K
TTANServicetitan, Inc.$38.3m542.1K
WIXWix.com Ltd.$36.7m808.0K
NTRANatera, Inc.$28.3m104.4K
AKAMAkamai Technologies$26.9m227.7K
MAMastercard$22.6m44.0K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanySold (value)Shares
ALABAstera Labs, Inc.−$1.0bn−2.15M
LITELumentum−$187.9m−267.4K
ECHOEchoStar−$117.1m−1.00M
ZMZoom Communications, Inc.−$105.8m−1.32M
RKTRocket Companies, Inc.−$87.1m−6.11M
VSTVistra Corp.−$78.7m−523.8K
RBLXRoblox Corp−$78.3m−1.38M
UUnity Software Inc.−$61.1m−2.14M
HUBSHubspot Inc−$56.7m−232.1K
MUMicron Technology−$56.6m−49.1K
SNPSSynopsys Inc−$54.3m−136.9K
WWayfair Inc.−$54.3m−587.1K
RLRalph Lauren Corporation−$44.3m−128.8K
AXONAxon Enterprise−$43.4m−102.1K
WINGWingstop Inc.−$41.9m−270.3K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanyValue last quarterShares
LITELumentum$187.9m267.4K
ECHOEchoStar$117.1m1.00M
ZMZoom Communications, Inc.$105.8m1.32M
RKTRocket Companies, Inc.$87.1m6.11M
VSTVistra Corp.$78.7m523.8K
RBLXRoblox Corp$78.3m1.38M
HUBSHubspot Inc$56.7m232.1K
SNPSSynopsys Inc$54.3m136.9K
RLRalph Lauren Corporation$44.3m128.8K
AXONAxon Enterprise$43.4m102.1K
WINGWingstop Inc.$41.9m270.3K
CHYMChime Financial, Inc.$30.4m1.62M
AVAVAerovironment Inc$29.6m161.7K
RBRKRubrik, Inc.$27.7m566.5K
FROGJfrog Ltd$26.0m555.0K
SNOWSnowflake Inc.$21.8m144.8K
VVisa Inc.$21.7m71.6K
GFSGlobalfoundries Inc.$21.1m474.6K
  • Technology46.5%
  • Industrials43.1%
  • Consumer Discretionary4.5%
  • Communication Services3.6%
  • Financials1.4%
  • Real Estate0.6%
  • Health Care0.3%
  • Utilities0.0%

Share of the value held in companies we cover, by sector.

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestFebruary 21, 2020 to November 2, 2026+26.6%+14.6%0.780.66−51.9%1.47
Last three yearsNovember 3, 2023 to November 2, 2026+42.8%+21.8%1.221.16−35.4%1.72
Last yearNovember 7, 2025 to November 2, 2026+22.6%+14.2%0.690.84−19.7%2.02

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.