Atreides Management, LP

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Atreides Management, LP maintained a portfolio of 73 distinct positions. The most significant new addition to the portfolio was NVIDIA CORPORATION, which now represents 7.98% of the total fund value. They heavily accumulated shares in INVESCO QQQ TR, increasing their position by 75.0%. Conversely, Atreides Management, LP completely exited their position in DECKERS OUTDOOR CORP.
PCA Score Concentration Risk
Risk ENB
Total Positions
73
Quarter
2025 Q4
Top Holding
QQQ (26.3%)
Top 10 Concentration
60.8%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 73
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
QQQ
INVESCO QQQ TR
PUT
PUT Option 26.27% 23.38% #1
Prev: #1
10.0 1,500,000 75.0%
P
S
3,500,000 $2,150,085,000 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
NVDA
NVIDIA CORPORAT...
CALL
CALL Option 7.98% #2
Prev: #—
5.2 3,500,000 no change
NEW
3,500,000 $652,750,000 2019 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
NVDA
NVIDIA CORPORAT...
Technology 4.39% 2.09% #3 8
Prev: #11
4.1 1,350,508 235.0%
P
S
1,925,231 $359,055,582 2019 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CIEN
CIENA CORP
Technology 4.08% 3.97% #4 1
Prev: #5
3.6 27,466 2.0%
P
S
1,428,230 $334,020,150 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
U
UNITY SOFTWARE ...
Technology 3.58% 4.77% #5 1
Prev: #4
3.5 513,886 8.4%
P
S
6,625,439 $292,645,641 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
PSTG
PURE STORAGE IN...
Technology 3.42% 6.69% #6 4
Prev: #2
3.4 79,299 1.9%
P
S
4,177,675 $279,946,002 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ALAB
ASTERA LABS INC
Technology 3.28% 0.24% #7 46
Prev: #53
3.6 1,549,144 2496.6%
P
S
1,611,194 $268,038,234 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
COHR
COHERENT CORP
Technology 2.79% 1.92% #8 8
Prev: #16
3.2 321,468 35.2%
P
S
1,235,246 $227,989,354 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MU
MICRON TECHNOLO...
Technology 2.58% 2.36% #9
Prev: #9
3.0 13,959 1.9%
P
S
738,916 $210,894,016 2019 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MU
MICRON TECHNOLO...
PUT
PUT Option 2.44% #10
Prev: #—
3.0 700,000 no change
NEW
700,000 $199,787,000 2019 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
COHR
COHERENT CORP
CALL
CALL Option 2.03% #11
Prev: #—
2.8 900,000 no change
NEW
900,000 $166,113,000 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
U
UNITY SOFTWARE ...
CALL
CALL Option 2.00% #12
Prev: #—
2.8 3,700,000 no change
NEW
3,700,000 $163,429,000 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOGL
ALPHABET INC
Communication Services 1.97% 2.61% #13 6
Prev: #7
0.8 -35,921 -6.5%
P
S
514,339 $160,988,107 2019 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AMZN
AMAZON COM INC
Consumer Cyclical 1.94% 2.82% #14 8
Prev: #6
2.8 28,913 4.4%
P
S
687,799 $158,757,765 2020 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
LITE
LUMENTUM HLDGS ...
Technology 1.72% 2.08% #15 2
Prev: #13
0.8 -274,155 -41.7%
P
S
382,805 $141,098,095 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
WIX
WIX COM LTD
Technology 1.58% #16
Prev: #—
2.6 1,247,457 no change
NEW
1,247,457 $129,598,308 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
GTLB
GITLAB INC
Technology 1.46% 4.80% #17 14
Prev: #3
0.7 -2,293,222 -41.9%
P
S
3,177,083 $119,235,925 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
SNOW
SNOWFLAKE INC
Technology 1.28% 2.06% #18 4
Prev: #14
2.5 9,209 2.0%
P
S
478,754 $105,019,477 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AFRM
AFFIRM HLDGS IN...
Financial Services 1.26% 0.30% #19 29
Prev: #48
2.8 1,177,036 566.1%
P
S
1,384,941 $103,081,159 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
TWLO
TWILIO INC
Technology 1.25% 1.88% #20 3
Prev: #17
0.6 -248,817 -25.8%
P
S
716,946 $101,978,399 2019 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
PSTG
PURE STORAGE IN...
CALL
CALL Option 1.23% #21
Prev: #—
2.5 1,500,000 no change
NEW
1,500,000 $100,515,000 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ACVA
ACV AUCTIONS IN...
Consumer Cyclical 1.22% 1.06% #22 5
Prev: #27
2.8 6,901,010 125.2%
P
S
12,411,800 $99,542,636 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
SATS
ECHOSTAR CORP
Communication Services 1.20% #23
Prev: #—
2.5 901,084 no change
NEW
901,084 $97,947,831 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
DKS
DICKS SPORTING ...
Consumer Cyclical 1.19% 2.08% #24 12
Prev: #12
2.5 9,442 2.0%
P
S
490,828 $97,169,219 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
WING
WINGSTOP INC
Consumer Cyclical 1.14% #25
Prev: #—
2.5 390,005 no change
NEW
390,005 $93,012,292 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
DECK
DECKERS OUTDOOR...
Consumer Cyclical 0.00% 2.47%
Sold All 😨
(Was: #8)
0.3 -1,250,516 -100.0%
CLOSED
$— 2020 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
HUBS
HUBSPOT INC
Technology 0.00% 2.22%
Sold All 😨
(Was: #10)
0.3 -243,434 -100.0%
CLOSED
$— 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
INTU
INTUIT
Technology 0.00% 1.80%
Sold All 😨
(Was: #18)
0.3 -135,178 -100.0%
CLOSED
$— 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MRVL
MARVELL TECHNOL...
CALL
CALL Option 0.00% 1.64%
Sold All 😨
(Was: #21)
0.3 -1,000,000 -100.0%
CLOSED
$— 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ELF
E L F BEAUTY IN...
Consumer Defensive 0.00% 1.39%
Sold All 😨
(Was: #23)
0.3 -538,348 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
AMD
ADVANCED MICRO ...
Technology 0.00% 1.07%
Sold All 😨
(Was: #26)
0.3 -339,358 -100.0%
CLOSED
$— 2019 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
META
META PLATFORMS ...
Communication Services 0.00% 0.95%
Sold All 😨
(Was: #30)
0.3 -66,093 -100.0%
CLOSED
$— 2019 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
VRNS
VARONIS SYS INC
Technology 0.00% 0.74%
Sold All 😨
(Was: #38)
0.3 -658,415 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
IOT
SAMSARA INC
Technology 0.00% 0.52%
Sold All 😨
(Was: #39)
0.3 -711,215 -100.0%
CLOSED
$— 2022 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
SNPS
SYNOPSYS INC
Technology 0.00% 0.37%
Sold All 😨
(Was: #44)
0.3 -38,876 -100.0%
CLOSED
$— 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
FIVN
FIVE9 INC
Technology 0.00% 0.35%
Sold All 😨
(Was: #46)
0.3 -735,151 -100.0%
CLOSED
$— 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BLDR
BUILDERS FIRSTS...
Industrials 0.00% 0.32%
Sold All 😨
(Was: #47)
0.3 -137,154 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
APP
APPLOVIN CORP
Communication Services 0.00% 0.24%
Sold All 😨
(Was: #51)
0.3 -17,378 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
JOBY
JOBY AVIATION I...
Industrials 0.00% 0.24%
Sold All 😨
(Was: #52)
0.3 -769,407 -100.0%
CLOSED
$— 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
Z
ZILLOW GROUP IN...
Communication Services 0.00% 0.18%
Sold All 😨
(Was: #54)
0.3 -118,098 -100.0%
CLOSED
$— 2020 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
GEMI
GEMINI SPACE ST...
Financial Services 0.00% 0.03%
Sold All 😨
(Was: #57)
0.3 -70,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
SOND
SONDER HOLDINGS...
Unknown 0.00% 0.02%
Sold All 😨
(Was: #58)
0.3 -960,533 -100.0%
CLOSED
$— 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-25 of 73 holdings

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