A
Atreides Management
Q1 2026 · CIK 0001777813
Portfolio — Q1 2026
Reported Book
$5.0B
13F value · -39% QoQ
Positions
54
-2 vs Q4 2025
Top 10
57.6%
of reported book
In Dimetrics Coverage
42.7%
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 16.2%
Long 82.1%
Puts $808.1M· 1 lines
Long $4.1B· 51 lines
Calls $89.5M· 2 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
Photonics
12.0%
$601.0M
AI Networking
9.4%
$471.3M
Hyperscalers
7.2%
$358.2M
Memory
5.1%
$256.9M
Custom Silicon
4.9%
$246.6M
AI Merchant Power
1.6%
$78.7M
Neo-Clouds
1.4%
$69.3M
EDA & Chip Design IP
1.1%
$54.3M
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 — 54 positions
| Ticker | Security | Line | Value | Weight | Group | Coverage |
|---|---|---|---|---|---|---|
| QQQ | INVESCO QQQ TR | Put | $808.1M | 16.15% | — | Outside |
| ALAB | ASTERA LABS INC | Long | $368.9M | 7.37% | AI Networking | Covered |
| U | UNITY SOFTWARE INC | Long | $271.7M | 5.43% | — | Outside |
| CIEN | CIENA CORP | Long | $262.8M | 5.25% | Photonics | Covered |
| MU | MICRON TECHNOLOGY INC | Long | $256.9M | 5.14% | Memory | Covered |
| NVDA | NVIDIA CORPORATION | Long | $217.8M | 4.35% | Custom Silicon | Covered |
| AMZN | AMAZON COM INC | Long | $198.6M | 3.97% | Hyperscalers | Covered |
| LITE | LUMENTUM HLDGS INC | Long | $187.9M | 3.76% | Photonics | Covered |
| GOOGL | ALPHABET INC | Long | $159.6M | 3.19% | Hyperscalers | Covered |
| COHR | COHERENT CORP | Long | $150.3M | 3.01% | Photonics | Covered |
| ECHO | ECHOSTAR CORP | Long | $117.1M | 2.34% | — | Outside |
| TWLO | TWILIO INC | Long | $116.0M | 2.32% | — | Outside |
| W | WAYFAIR INC | Long | $107.6M | 2.15% | — | Outside |
| ZM | ZOOM COMMUNICATIONS INC | Long | $105.8M | 2.11% | — | Outside |
| CRDO | CREDO TECHNOLOGY GROUP HOLDI | Long | $102.4M | 2.05% | AI Networking | Covered |
| PANW | PALO ALTO NETWORKS INC | Long | $90.1M | 1.80% | — | Outside |
| DKS | DICKS SPORTING GOODS INC | Long | $89.7M | 1.79% | — | Outside |
| RKT | ROCKET COS INC | Long | $87.1M | 1.74% | — | Outside |
| VST | VISTRA CORP | Long | $78.7M | 1.57% | AI Merchant Power | Covered |
| AKAM | AKAMAI TECHNOLOGIES INC | Long | $78.4M | 1.57% | — | Outside |
| RBLX | ROBLOX CORP | Long | $78.3M | 1.56% | — | Outside |
| TSLA | TESLA INC | Long | $74.6M | 1.49% | — | Outside |
| CRWV | COREWEAVE INC | Long | $62.8M | 1.26% | Neo-Clouds | Covered |
| WIX | WIX COM LTD | Long | $58.6M | 1.17% | — | Outside |
| HUBS | HUBSPOT INC | Long | $56.7M | 1.13% | — | Outside |
| RBLX | ROBLOX CORP | Call | $56.6M | 1.13% | — | Outside |
| AFRM | AFFIRM HLDGS INC | Long | $54.7M | 1.09% | — | Outside |
| SNPS | SYNOPSYS INC | Long | $54.3M | 1.09% | EDA & Chip Design IP | Covered |
| RL | RALPH LAUREN CORP | Long | $44.3M | 0.89% | — | Outside |
| AXON | AXON ENTERPRISE INC | Long | $43.4M | 0.87% | — | Outside |
| WING | WINGSTOP INC | Long | $41.9M | 0.84% | — | Outside |
| SMTC | SEMTECH CORP | Long | $41.7M | 0.83% | — | Outside |
| ACVA | ACV AUCTIONS INC | Long | $41.3M | 0.83% | — | Outside |
| COMP | COMPASS INC | Long | $40.7M | 0.81% | — | Outside |
| FERG | FERGUSON ENTERPRISES INC | Long | $34.1M | 0.68% | — | Outside |
| U | UNITY SOFTWARE INC | Call | $32.9M | 0.66% | — | Outside |
| CHYM | CHIME FINL INC | Long | $30.4M | 0.61% | — | Outside |
| AVAV | AEROVIRONMENT INC | Long | $29.6M | 0.59% | — | Outside |
| INTC | INTEL CORP | Long | $28.9M | 0.58% | Custom Silicon | Covered |
| RBRK | RUBRIK INC. | Long | $27.7M | 0.55% | — | Outside |
| FROG | JFROG LTD | Long | $26.0M | 0.52% | — | Outside |
| MA | MASTERCARD INCORPORATED | Long | $24.8M | 0.50% | — | Outside |
| AMBQ | AMBIQ MICRO INC | Long | $21.9M | 0.44% | — | Outside |
| SNOW | SNOWFLAKE INC | Long | $21.8M | 0.44% | — | Outside |
| V | VISA INC | Long | $21.7M | 0.43% | — | Outside |
| GFS | GLOBALFOUNDRIES INC | Long | $21.1M | 0.42% | — | Outside |
| ROG | ROGERS CORP | Long | $20.0M | 0.40% | — | Outside |
| NOK | NOKIA CORP | Long | $20.0M | 0.40% | — | Outside |
| WRBY | WARBY PARKER INC | Long | $14.5M | 0.29% | — | Outside |
| VECO | VEECO INSTRS INC DEL | Long | $7.9M | 0.16% | — | Outside |
| NBIS | NEBIUS GROUP N.V. | Long | $6.5M | 0.13% | Neo-Clouds | Covered |
| EQPT | EQUIPMENTSHARE COM INC | Long | $4.3M | 0.09% | — | Outside |
| TBLA | TABOOLA.COM LTD | Long | $2.5M | 0.05% | — | Outside |
| BTGO | BITGO HOLDINGS INC | Long | $239.5K | 0.00% | — | 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.