A
Atreides Management
Q3 2024 · CIK 0001777813
Portfolio — Q3 2024
Reported Book
$3.9B
13F value · +28% QoQ
Positions
43
+3 vs Q2 2024
Top 10
56.0%
of reported book
In Dimetrics Coverage
34.8%
of reported book
Reported book is the value of 13F-reportable US positions as filed — not the manager's total assets under management, which include cash, debt, non-US and private holdings.
Book structure
Puts 16.1%
Long 75.4%
Calls 8.5%
Puts $631.5M· 2 lines
Long $3.0B· 35 lines
Calls $335.0M· 6 lines
Reported book structure — not net exposure. 13F reports options at the notional value of the underlying, with no strike, expiry, or premium. Delta is unknowable. This describes what was filed.
Reported book by group
PutsLongCallsNotes
Custom Silicon
11.3%
$445.0M
AI Networking
10.9%
$427.9M
Photonics
6.2%
$243.9M
Hyperscalers
5.3%
$209.9M
Memory
1.0%
$40.1M
Filed value by group, split by line type. Option lines are shown at the notional value of the underlying — a put bar is not exposure to that group, it is a position filed against it.
Holdings — 43 positions
| Ticker | Security | Line | Value | Weight | Group | Coverage |
|---|---|---|---|---|---|---|
| QQQ | INVESCO QQQ TR | Put | $488.1M | 12.43% | — | Outside |
| ALAB | ASTERA LABS INC | Long | $375.6M | 9.56% | AI Networking | Covered |
| AMD | ADVANCED MICRO DEVICES INC | Long | $338.7M | 8.62% | Custom Silicon | Covered |
| AMZN | AMAZON COM INC | Long | $173.5M | 4.42% | Hyperscalers | Covered |
| TSLA | TESLA INC | Long | $148.9M | 3.79% | — | Outside |
| ADBE | ADOBE INC | Long | $146.0M | 3.72% | — | Outside |
| SPY | SPDR S&P 500 ETF TR | Put | $143.4M | 3.65% | — | Outside |
| CIEN | CIENA CORP | Long | $136.7M | 3.48% | Photonics | Covered |
| ESTC | ELASTIC N V | Long | $129.6M | 3.30% | — | Outside |
| RH | RH | Long | $117.4M | 2.99% | — | Outside |
| ACVA | ACV AUCTIONS INC | Long | $115.6M | 2.94% | — | Outside |
| LITE | LUMENTUM HLDGS INC | Long | $107.2M | 2.73% | Photonics | Covered |
| SE | SEA LTD | Long | $101.3M | 2.58% | — | Outside |
| AAPL | APPLE INC | Long | $99.0M | 2.52% | — | Outside |
| DECK | DECKERS OUTDOOR CORP | Long | $94.3M | 2.40% | — | Outside |
| S | SENTINELONE INC | Long | $91.0M | 2.32% | — | Outside |
| RH | RH | Call | $83.6M | 2.13% | — | Outside |
| AMD | ADVANCED MICRO DEVICES INC | Call | $82.0M | 2.09% | Custom Silicon | Covered |
| W | WAYFAIR INC | Long | $78.1M | 1.99% | — | Outside |
| RL | RALPH LAUREN CORP | Long | $73.2M | 1.86% | — | Outside |
| ULTA | ULTA BEAUTY INC | Long | $73.1M | 1.86% | — | Outside |
| FIVE | FIVE BELOW INC | Long | $68.6M | 1.75% | — | Outside |
| MELI | MERCADOLIBRE INC | Long | $58.8M | 1.50% | — | Outside |
| — | CONFLUENT INC | Long | $55.2M | 1.40% | — | Outside |
| ALAB | ASTERA LABS INC | Call | $52.4M | 1.33% | AI Networking | Covered |
| DG | DOLLAR GEN CORP NEW | Call | $50.7M | 1.29% | — | Outside |
| AMT | AMERICAN TOWER CORP NEW | Long | $43.3M | 1.10% | — | Outside |
| SLB | SCHLUMBERGER LTD | Call | $42.0M | 1.07% | — | Outside |
| MU | MICRON TECHNOLOGY INC | Long | $40.1M | 1.02% | Memory | Covered |
| MA | MASTERCARD INCORPORATED | Long | $39.8M | 1.01% | — | Outside |
| RBLX | ROBLOX CORP | Long | $39.3M | 1.00% | — | Outside |
| GOOGL | ALPHABET INC | Long | $36.4M | 0.93% | Hyperscalers | Covered |
| SHW | SHERWIN WILLIAMS CO | Long | $36.1M | 0.92% | — | Outside |
| BBWI | BATH & BODY WORKS INC | Long | $30.1M | 0.77% | — | Outside |
| GTLB | GITLAB INC | Long | $25.6M | 0.65% | — | Outside |
| GRAB | GRAB HOLDINGS LIMITED | Long | $25.4M | 0.65% | — | Outside |
| NVDA | NVIDIA CORPORATION | Call | $24.3M | 0.62% | Custom Silicon | Covered |
| RDDT | REDDIT INC | Long | $22.6M | 0.57% | — | Outside |
| AFRM | AFFIRM HLDGS INC | Long | $20.4M | 0.52% | — | Outside |
| NTNX | NUTANIX INC | Long | $8.3M | 0.21% | — | Outside |
| JOBY | JOBY AVIATION INC | Long | $5.0M | 0.13% | — | Outside |
| SONDQ | SONDER HOLDINGS INC | Long | $4.7M | 0.12% | — | Outside |
| TBLA | TABOOLA.COM LTD | Long | $2.4M | 0.06% | — | Outside |
Shares and value as filed. Positions held with shared investment discretion are reported in full by each manager, so a filer's book can overlap another's.