In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Gavin Baker's Atreides Management reported 34 stock positions worth $3.3 billion . Its top holding was Marvell Technology (MRVL) at 8.9% of the portfolio, followed by Sea Ltd.-ADR (SE, 7.9% ) and Acv Auctions Class A (ACVA, 6.2% ). Compared with Q4 2023, it opened 15 new positions, sold out of 13, added to 9 and reduced 7. The biggest buy was a new position in Marvell Technology (MRVL) and the biggest sale RH (RH, shares −77% ).
Notable People Gavin Baker
Location BOSTON, MA
CIK 0001777813
Portfolio Value $3.3B (Q1 2024) Holdings 34 stocks · $3.3B Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2023 MRVL Marvell Technology Inc. 4,205,582 $298.1M New SE Sea Ltd.-ADR 4,903,612 $263.4M Reduce -34.9% ACVA Acv Auctions Inc. Class A 11,041,283 $207.2M Add +0.3% ALAB Astera Labs Inc. 2,665,792 $197.8M New AMD Advanced Micro Devices 1,017,124 $183.6M Reduce -28.1% MU Micron Technology Inc. 1,538,826 $181.4M New BBWI Bath & Body Works Inc. 3,388,925 $169.5M Add +13.0% CIEN Ciena Corp. 3,190,753 $157.8M Add +25.1% AMZN Amazon.com Inc. 823,179 $148.5M Add +94.8% P Everpure Inc. Class A filed as PURE STORAGE INC 2,703,336 $140.5M Reduce -50.8% MA Mastercard Inc. Class A 282,020 $135.8M Add +0.1% GOOGL Alphabet Inc. Class A 895,210 $135.1M New XYZ Block Inc. 1,421,798 $120.3M Add +71.3% MDB Mongodb Inc. 294,577 $105.6M New RH RH 243,755 $84.9M Reduce -76.7% RL Ralph Lauren Corp. 441,580 $82.9M New MSFT Microsoft Corp. 180,225 $75.8M Add +23.7% ESTC Elastic NV 716,878 $71.9M New CFLT Confluent Inc. Class A 2,032,269 $62.0M Add +0.3% W Wayfair Inc. Class A 898,349 $61.0M Add +92.1% LITE Lumentum Holdings Inc. 1,215,299 $57.5M New VEEV Veeva Systems Inc. Class A 227,881 $52.8M Reduce -36.1% DDOG Datadog Inc. Class A 417,777 $51.6M New STZ Constellation Brands Inc. Class A 167,641 $45.6M New KVYO Klaviyo Inc. Class A 1,748,315 $44.5M New ONON On Holding AG Class A filed as ON HLDG AG 1,191,261 $42.1M New WSC Willscot Holdings Corp. 883,419 $41.1M New CCI Crown Castle Inc. 281,168 $29.8M New FWONK Liberty Media Corp. Class C 431,747 $28.3M Reduce -53.6% TSLA Tesla Inc. 152,915 $26.9M Reduce -72.7% RDDT Reddit Inc. Class A 395,477 $19.5M New JOBY Joby Aviation Inc. 1,000,000 $5.4M No change TBLA Taboola.com Ltd. 725,000 $3.2M No change SONDQ Sonder Holdings Inc. 1,012,621 $3.0M No change
Options reported separately and not counted above: QQQ puts ($888.0M), MRVL calls ($106.3M), RH calls ($57.8M), SE calls ($18.8M).
Portfolio Sells Q4 2023 → Q1 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▲ RH RH Reduce -76.7% 2.55% −8.44 TSLA Tesla Inc. Reduce -72.7% 0.81% −4.19 ORCL Oracle Corp. Sold out 0.00% −3.31 SE Sea Ltd.-ADR Reduce -34.9% 7.90% −3.07 P Everpure Inc. Class A Reduce -50.8% 4.21% −2.83 BILL Bill Holdings Inc. Sold out 0.00% −2.64 SONY Sony Group Corp. - SP ADR Sold out 0.00% −2.52 LOW Lowe's Cos Inc. Sold out 0.00% −2.45 JNPR Juniper Networks Inc. Sold out 0.00% −2.45 TOST Toast Inc. Class A Sold out 0.00% −2.19 FTNT Fortinet Inc. Sold out 0.00% −2.01 AMD Advanced Micro Devices Reduce -28.1% 5.51% −1.99 NU Nu Holdings Ltd./Cayman Isl-A Sold out 0.00% −1.70 HCP Hashicorp Inc. Class A Sold out 0.00% −1.27 FWONK Liberty Media Corp. Class C Reduce -53.6% 0.85% −1.26 RBLX Roblox Corp. Class A Sold out 0.00% −1.26 TTWO Take-Two Interactive Softwre Sold out 0.00% −1.22 ULTA Ulta Beauty Inc. Sold out 0.00% −1.16 VEEV Veeva Systems Inc. Class A Reduce -36.1% 1.58% −0.88 COHR Coherent Corp. Sold out 0.00% −0.88
Portfolio Buys Q4 2023 → Q1 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▼ MRVL Marvell Technology Inc. New 8.94% +8.94 ALAB Astera Labs Inc. New 5.93% +5.93 MU Micron Technology Inc. New 5.44% +5.44 GOOGL Alphabet Inc. Class A New 4.05% +4.05 MDB Mongodb Inc. New 3.17% +3.17 RL Ralph Lauren Corp. New 2.49% +2.49 ESTC Elastic NV New 2.16% +2.16 AMZN Amazon.com Inc. Add +94.8% 4.45% +2.14 LITE Lumentum Holdings Inc. New 1.73% +1.73 DDOG Datadog Inc. Class A New 1.55% +1.55 STZ Constellation Brands Inc. Class A New 1.37% +1.37 KVYO Klaviyo Inc. Class A New 1.34% +1.34 XYZ Block Inc. Add +71.3% 3.61% +1.30 ONON On Holding AG Class A New 1.26% +1.26 WSC Willscot Holdings Corp. New 1.23% +1.23 CCI Crown Castle Inc. New 0.89% +0.89 W Wayfair Inc. Class A Add +92.1% 1.83% +0.79 CIEN Ciena Corp. Add +25.1% 4.73% +0.61 RDDT Reddit Inc. Class A New 0.58% +0.58 BBWI Bath & Body Works Inc. Add +13.0% 5.08% +0.43 MSFT Microsoft Corp. Add +23.7% 2.27% +0.30 ACVA Acv Auctions Inc. Class A Add +0.3% 6.22% +0.22 CFLT Confluent Inc. Class A Add +0.3% 1.86% +0.16 MA Mastercard Inc. Class A Add +0.1% 4.07% −0.24
Options Activity Q4 2023 → Q1 2024 Security Type Change vs Q4 2023 Underlying Shares Value ▼ QQQ Invesco QQQ Trust Series 1 put New 2,000,000 $888.0M MRVL Marvell Technology Inc. call New 1,500,000 $106.3M XYZ Block Inc. call Sold out 1,000,000 $77.3Mbefore exit AMD Advanced Micro Devices call Sold out 500,000 $73.7Mbefore exit RH RH call Reduce -17.1% 165,900 $57.8M P Everpure Inc. Class A call Sold out 1,500,000 $53.5Mbefore exit SE Sea Ltd.-ADR call New 350,000 $18.8M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 46 $11.1B SPCX, MU, CBRS, ALAB, CIEN Q1 2026 51 $4.1B ALAB, U, CIEN, MU, NVDA Q4 2025 49 $4.7B NVDA, CIEN, U, P, ALAB Q3 2025 56 $3.8B P, GTLB, U, CIEN, AMZN Q2 2025 48 $3.6B AMD, P, GTLB, DKS, GOOGL Q1 2025 41 $2.8B ALAB, AMD, U, MSFT, META Q4 2024 44 $3.2B ALAB, AMD, ASML, AMZN, LITE Q3 2024 35 $3.0B ALAB, AMD, AMZN, TSLA, ADBE Q2 2024 40 $3.1B MRVL, CIEN, AMD, ALAB, AMZN Q1 2024 34 $3.3B MRVL, SE, ACVA, ALAB, AMD