Atreides Management, LP

CIK 0001777813 · Q1 2026

13F Equity AUM

$5.0B

-38.9% QoQ

Positions

+2 QoQ

AUM Rank

#1,013

Top 8%

Skill Alpha (FF)

+16.8%/yr

Alpha Generator

Rank #132 · Top 2%

vs S&P +14.6%/yr (unadj.)

Quarters Tracked

~6 years

Portfolio Concentration

Top 5: 40.0%Top 10: 58.3%Top 20: 78.9%

NDQ16.1%

ALAB7.4%

U6.1%

CIEN5.3%

MU5.1%

NVDA4.3%

AMZN4.0%

LITE3.8%

GOOGL3.2%

COHR3.0%

Others (42)41.7%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Technology58.4%

Financial Services19.4%

Consumer Cyclical12.0%

Communication Services5.7%

Other4.5%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 52Median: 1.09%Avg: 1.92%

0–0.5%

13(3.7%)

0.5–1%

12(8.6%)

1–3%

17(29.4%)

3–5%

5(18.3%)

5%+

5(40.0%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 52Unique: 0vs 20 funds

0.7%Low

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

BlackRock, Inc.

1.3%

BANK OF AMERICA CORP /DE/

1.1%

MORGAN STANLEY

JPMORGAN CHASE & CO

STATE STREET CORP

1.4%

GEODE CAPITAL MANAGEMENT, LLC

1.4%

VANGUARD CAPITAL MANAGEMENT LLC

1.4%

VANGUARD PORTFOLIO MANAGEMENT LLC

1.7%

FMR LLC

1.7%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New15Increased20Decreased17Exited13

New Positions

ZM2.1%

+1.3M

CRDO2.0%

+1.1M

PANW1.8%

+562K

VST1.6%

+524K

AKAM1.6%

+683K

HUBS1.1%

+232K

SNPS1.1%

+137K

JPX0.6%

+162K

V0.4%

+72K

GFS0.4%

+475K

Increased

U6.1%

+3.6M(+34%)

RKT1.7%

+2.5M(+70%)

RBLX2.7%

+2.0M(+512%)

ALAB7.4%

+1.8M(+109%)

W2.1%

+560K(+64%)

WRBY0.3%

+294K(+75%)

AMZN4.0%

+266K(+39%)

TWLO2.3%

+205K(+29%)

CRWV1.3%

+204K(+34%)

INTC0.6%

+170K(+35%)

Decreased

NVDA4.3%

-4,176,639(-77%)

COMP0.8%

-3,161,436(-36%)

ACVA0.8%

-2,677,333(-22%)

NDQ16.1%

-2,100,000(-60%)

COHR3.0%

-1,504,087(-70%)

CIEN5.3%

-751,423(-53%)

MU5.1%

-678,490(-47%)

WIX1.2%

-597,043(-48%)

SNOW0.4%

-333,936(-70%)

RBRK0.6%

-328,575(-37%)

Exited

-5,677,675

-4,177,083

-181,468

-792,433

-405,759

-398,230

-3,272,998

AZO

-11,620

-275,439

AMSC

-1,044,193

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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