A
Atreides Management
Q4 2024 · CIK 0001777813
Portfolio — Q4 2024
Reported Book
$4.6B
13F value · +16% QoQ
Positions
45
+2 vs Q3 2024
Top 10
63.4%
of reported book
In Dimetrics Coverage
29.2%
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 30.2%
Long 69.8%
Puts $1.4B· 1 lines
Long $3.2B· 44 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
Hyperscalers
8.1%
$367.9M
Custom Silicon
7.4%
$337.1M
AI Networking
5.3%
$243.3M
Lithography & Fab Tools
4.6%
$210.0M
Photonics
3.4%
$153.7M
Memory
0.4%
$20.2M
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 — 45 positions
| Ticker | Security | Line | Value | Weight | Group | Coverage |
|---|---|---|---|---|---|---|
| QQQ | INVESCO QQQ TR | Put | $1.4B | 30.22% | — | Outside |
| ALAB | ASTERA LABS INC | Long | $243.3M | 5.33% | AI Networking | Covered |
| AMD | ADVANCED MICRO DEVICES INC | Long | $232.2M | 5.08% | Custom Silicon | Covered |
| ASML | ASML HOLDING N V | Long | $203.5M | 4.46% | Lithography & Fab Tools | Covered |
| AMZN | AMAZON COM INC | Long | $149.3M | 3.27% | Hyperscalers | Covered |
| LITE | LUMENTUM HLDGS INC | Long | $147.4M | 3.23% | Photonics | Covered |
| ULTA | ULTA BEAUTY INC | Long | $143.6M | 3.14% | — | Outside |
| ADBE | ADOBE INC | Long | $138.3M | 3.03% | — | Outside |
| MSFT | MICROSOFT CORP | Long | $134.6M | 2.95% | Hyperscalers | Covered |
| TSLA | TESLA INC | Long | $124.7M | 2.73% | — | Outside |
| SNOW | SNOWFLAKE INC | Long | $116.9M | 2.56% | — | Outside |
| RH | RH | Long | $110.2M | 2.41% | — | Outside |
| ACVA | ACV AUCTIONS INC | Long | $108.5M | 2.38% | — | Outside |
| AVGO | BROADCOM INC | Long | $104.9M | 2.30% | Custom Silicon | Covered |
| DECK | DECKERS OUTDOOR CORP | Long | $98.0M | 2.14% | — | Outside |
| SBUX | STARBUCKS CORP | Long | $89.1M | 1.95% | — | Outside |
| U | UNITY SOFTWARE INC | Long | $85.9M | 1.88% | — | Outside |
| GOOGL | ALPHABET INC | Long | $84.0M | 1.84% | Hyperscalers | Covered |
| MDB | MONGODB INC | Long | $81.9M | 1.79% | — | Outside |
| S | SENTINELONE INC | Long | $73.3M | 1.61% | — | Outside |
| XYZ | BLOCK INC | Long | $61.9M | 1.36% | — | Outside |
| CHTR | CHARTER COMMUNICATIONS INC N | Long | $60.7M | 1.33% | — | Outside |
| ESTC | ELASTIC N V | Long | $54.4M | 1.19% | — | Outside |
| FERG | FERGUSON ENTERPRISES INC | Long | $52.3M | 1.15% | — | Outside |
| — | CONFLUENT INC | Long | $43.3M | 0.95% | — | Outside |
| NKE | NIKE INC | Long | $40.7M | 0.89% | — | Outside |
| NU | NU HLDGS LTD | Long | $39.5M | 0.86% | — | Outside |
| RL | RALPH LAUREN CORP | Long | $39.0M | 0.85% | — | Outside |
| W | WAYFAIR INC | Long | $38.7M | 0.85% | — | Outside |
| MA | MASTERCARD INCORPORATED | Long | $37.5M | 0.82% | — | Outside |
| RBLX | ROBLOX CORP | Long | $35.2M | 0.77% | — | Outside |
| LSCC | LATTICE SEMICONDUCTOR CORP | Long | $31.8M | 0.70% | — | Outside |
| NTNX | NUTANIX INC | Long | $31.0M | 0.68% | — | Outside |
| GTLB | GITLAB INC | Long | $26.8M | 0.59% | — | Outside |
| NXT | NEXTRACKER INC | Long | $23.1M | 0.51% | — | Outside |
| MU | MICRON TECHNOLOGY INC | Long | $20.2M | 0.44% | Memory | Covered |
| FIVN | FIVE9 INC | Long | $16.2M | 0.35% | — | Outside |
| GFS | GLOBALFOUNDRIES INC | Long | $15.7M | 0.34% | — | Outside |
| BBWI | BATH & BODY WORKS INC | Long | $13.5M | 0.30% | — | Outside |
| AFRM | AFFIRM HLDGS INC | Long | $8.8M | 0.19% | — | Outside |
| JOBY | JOBY AVIATION INC | Long | $8.1M | 0.18% | — | Outside |
| LRCX | LAM RESEARCH CORP | Long | $6.5M | 0.14% | Lithography & Fab Tools | Covered |
| CIEN | CIENA CORP | Long | $6.4M | 0.14% | Photonics | Covered |
| SONDQ | SONDER HOLDINGS INC | Long | $3.1M | 0.07% | — | Outside |
| TBLA | TABOOLA.COM LTD | Long | $2.6M | 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.