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%. The fund also reduced its exposure to ROBLOX CORP by 47.1%.
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:
Showing 1-50 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
9.0 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: #—
8.2 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
5.8 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
2.6 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
3.9 513,886 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
1.9 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
4.3 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
3.6 321,468 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
1.5 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: #—
4.5 700,000 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: #—
4.3 900,000 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: #—
4.3 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
1.3 -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
1.3 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
0.7 -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: #—
4.1 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
0.6 -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
1.0 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
3.5 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
0.5 -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: #—
4.0 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
3.5 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: #—
4.0 901,084 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
1.0 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: #—
4.0 390,005 no change
NEW
390,005 $93,012,292 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
COMP
COMPASS INC
Real Estate 1.13% #26
Prev: #—
4.0 8,723,434 no change
NEW
8,723,434 $92,206,697 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MSFT
MICROSOFT CORP
Technology 1.07% #27
Prev: #—
3.9 181,468 no change
NEW
181,468 $87,761,554 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
W
WAYFAIR INC
Consumer Cyclical 1.07% 1.49% #28 6
Prev: #22
0.9 16,474 1.9%
P
S
870,864 $87,443,454 2019 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TTAN
SERVICETITAN IN...
Technology 1.03% 1.23% #29 5
Prev: #24
2.9 166,206 26.5%
P
S
792,433 $84,394,115 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
TSLA
TESLA INC
Consumer Cyclical 1.02% 1.79% #30 11
Prev: #19
0.9 -20,527 -9.9%
P
S
186,035 $83,663,660 2019 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
RKT
ROCKET COS INC
Financial Services 0.85% 0.38% #31 12
Prev: #43
3.3 2,601,906 260.0%
P
S
3,602,563 $69,745,620 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
RBRK
RUBRIK INC.
Technology 0.84% 1.21% #32 7
Prev: #25
2.3 142,277 18.9%
P
S
895,029 $68,451,818 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
PM
PHILIP MORRIS I...
Consumer Defensive 0.80% 0.88% #33 2
Prev: #35
2.8 126,662 45.4%
P
S
405,759 $65,083,744 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
TEAM
ATLASSIAN CORPO...
Technology 0.79% 0.95% #34 5
Prev: #29
2.8 92,999 30.5%
P
S
398,230 $64,569,012 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AXON
AXON ENTERPRISE...
Industrials 0.73% 0.51% #35 5
Prev: #40
3.3 69,008 189.3%
P
S
105,469 $59,899,009 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
NU
NU HLDGS LTD
Financial Services 0.67% 0.78% #36
Prev: #36
2.8 763,609 30.4%
P
S
3,272,998 $54,789,987 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SMTC
SEMTECH CORP
Technology 0.62% 0.94% #37 6
Prev: #31
0.7 13,458 2.0%
P
S
691,591 $50,963,341 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
RL
RALPH LAUREN CO...
Consumer Cyclical 0.55% 0.76% #38 1
Prev: #37
0.7 2,462 2.0%
P
S
127,562 $45,107,199 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CRWV
COREWEAVE INC
Technology 0.53% 0.17% #39 16
Prev: #55
3.2 543,206 863.5%
P
S
606,110 $43,403,537 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
FERG
FERGUSON ENTERP...
Industrials 0.48% 0.97% #40 12
Prev: #28
0.2 -44,707 -20.1%
P
S
177,917 $39,609,662 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AZO
AUTOZONE INC
Consumer Cyclical 0.48% 0.91% #41 8
Prev: #33
2.2 692 6.3%
P
S
11,620 $39,409,230 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CHYM
CHIME FINL INC
Technology 0.46% #42
Prev: #—
3.7 1,503,788 no change
NEW
1,503,788 $37,850,344 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
GTLB
GITLAB INC
CALL
CALL Option 0.46% #43
Prev: #—
3.7 1,000,000 no change
NEW
1,000,000 $37,530,000 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
SE
SEA LTD
Consumer Cyclical 0.43% 0.94% #44 12
Prev: #32
0.7 5,266 1.9%
P
S
275,439 $35,137,753 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
RBLX
ROBLOX CORP
Communication Services 0.39% 1.99% #45 30
Prev: #15
0.2 -347,436 -47.1%
P
S
389,571 $31,566,938 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AMSC
AMERICAN SUPERC...
Industrials 0.37% 0.89% #46 12
Prev: #34
2.6 272,698 35.3%
P
S
1,044,193 $30,051,875 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
MA
MASTERCARD INCO...
Financial Services 0.32% 0.50% #47 6
Prev: #41
0.6 890 2.0%
P
S
45,958 $26,236,503 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
FROG
JFROG LTD
Technology 0.31% 0.37% #48 3
Prev: #45
0.6 7,032 1.8%
P
S
404,276 $25,251,079 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
GNRC
GENERAC HLDGS I...
Industrials 0.30% #49
Prev: #—
3.6 182,765 no change
NEW
182,765 $24,923,663 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AMBQ
AMBIQ MICRO INC
Technology 0.24% 0.40% #50 8
Prev: #42
0.6 12,113 1.8%
P
S
696,420 $19,847,970 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-50 of 73 holdings

Unlock Full Atreides Management, LP Analysis

PRO subscribers get access to all historical quarters, Excel/CSV exports, Portfolio Concentration Analytics (PCA), and Risk-Based ENB.

Full Historical Quarters
Excel & CSV Export
PCA & Risk-Based ENB
Auto Cost Basis
Position Change Alerts
Price-Held Analytics