In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Gavin Baker's Atreides Management reported 35 stock positions worth $3.0 billion . Its top holding was Astera Labs (ALAB) at 12.7% of the portfolio, followed by Advanced Micro Devices (AMD, 11.4% ) and Amazon.com (AMZN, 5.9% ). Compared with Q2 2024, it opened 6 new positions, sold out of 11, added to 14 and reduced 12. The biggest buy was Astera Labs (ALAB, shares +158% ) and the biggest sale an exit from Marvell Technology (MRVL).
Notable People Gavin Baker
Location BOSTON, MA
CIK 0001777813
Portfolio Value $3.0B (Q3 2024) Holdings 35 stocks · $3.0B 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 Q2 2024 ALAB Astera Labs Inc. 7,168,490 $375.6M Add +158.2% AMD Advanced Micro Devices 2,064,000 $338.7M Add +98.4% AMZN Amazon.com Inc. 931,107 $173.5M Add +18.8% TSLA Tesla Inc. 569,075 $148.9M Reduce -19.0% ADBE Adobe Inc. 281,890 $146.0M Add +8.0% CIEN Ciena Corp. 2,219,211 $136.7M Reduce -38.2% ESTC Elastic NV 1,687,791 $129.6M Add +57.2% RH RH 351,174 $117.4M Add +14.8% ACVA Acv Auctions Inc. Class A 5,684,445 $115.6M Reduce -27.4% LITE Lumentum Holdings Inc. 1,691,017 $107.2M Add +28.5% SE Sea Ltd.-ADR 1,074,456 $101.3M Reduce -38.2% AAPL Apple Inc. 424,965 $99.0M Add +29.9% DECK Deckers Outdoor Corp. 591,144 $94.3M New S Sentinelone Inc. Class A 3,802,904 $91.0M Add +137.3% W Wayfair Inc. Class A 1,390,537 $78.1M Reduce -10.1% RL Ralph Lauren Corp. 377,481 $73.2M Add +28.3% ULTA Ulta Beauty Inc. 187,780 $73.1M New FIVE Five Below 777,011 $68.6M New MELI MercadoLibre Inc. 28,662 $58.8M Add +7.7% CFLT Confluent Inc. Class A 2,706,910 $55.2M Add +7.3% AMT American Tower Corp. 186,136 $43.3M Add +143.1% MU Micron Technology Inc. 386,550 $40.1M Reduce -46.8% MA Mastercard Inc. Class A 80,680 $39.8M Reduce -32.8% RBLX Roblox Corp. Class A 887,885 $39.3M Reduce -13.1% GOOGL Alphabet Inc. Class A 219,517 $36.4M Reduce -59.1% SHW The Sherwin-Williams Co. 94,634 $36.1M Reduce -57.5% BBWI Bath & Body Works Inc. 943,926 $30.1M Reduce -71.7% GTLB Gitlab Inc. Class A 496,795 $25.6M New GRAB Grab Holdings Ltd. Class A 6,677,707 $25.4M Reduce -33.3% RDDT Reddit Inc. Class A 342,530 $22.6M Add +21.5% AFRM Affirm Holdings Inc. 499,858 $20.4M New NTNX Nutanix Inc. Class A 139,912 $8.3M New JOBY Joby Aviation Inc. 1,000,000 $5.0M No change SONDQ Sonder Holdings Inc. 1,012,621 $4.7M No change TBLA Taboola.com Ltd. 725,000 $2.4M No change
Options reported separately and not counted above: QQQ puts ($488.1M), SPY puts ($143.4M), RH calls ($83.6M), AMD calls ($82.0M), ALAB calls ($52.4M), DG calls ($50.7M), SLB calls ($42.0M), NVDA calls ($24.3M).
Portfolio Sells Q2 2024 → Q3 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 Q2 2024 % Of Portfolio Change To Portfolio ▲ MRVL Marvell Technology Inc. Sold out 0.00% −5.78 HPE Hewlett Packard Enterprise Sold out 0.00% −4.13 P Everpure Inc. Class A Sold out 0.00% −3.24 BBWI Bath & Body Works Inc. Reduce -71.7% 1.02% −3.24 GOOGL Alphabet Inc. Class A Reduce -59.1% 1.23% −1.97 DDOG Datadog Inc. Class A Sold out 0.00% −1.94 XYZ Block Inc. Sold out 0.00% −1.77 MU Micron Technology Inc. Reduce -46.8% 1.35% −1.77 IOT Samsara Inc. Class A Sold out 0.00% −1.62 META Meta Platforms Inc. Class A Sold out 0.00% −1.38 CIEN Ciena Corp. Reduce -38.2% 4.62% −1.04 SHW The Sherwin-Williams Co. Reduce -57.5% 1.22% −0.95 ACVA Acv Auctions Inc. Class A Reduce -27.4% 3.90% −0.77 KVYO Klaviyo Inc. Class A Sold out 0.00% −0.73 SBUX Starbucks Corp. Sold out 0.00% −0.71 SE Sea Ltd.-ADR Reduce -38.2% 3.42% −0.64 MA Mastercard Inc. Class A Reduce -32.8% 1.35% −0.39 GRAB Grab Holdings Ltd. Class A Reduce -33.3% 0.86% −0.30 AMKR Amkor Technology Inc. Sold out 0.00% −0.28 DKNG Draftkings Inc. Class A Sold out 0.00% −0.27 W Wayfair Inc. Class A Reduce -10.1% 2.64% −0.03 RBLX Roblox Corp. Class A Reduce -13.1% 1.33% +0.09 TSLA Tesla Inc. Reduce -19.0% 5.03% +0.49
Portfolio Buys Q2 2024 → Q3 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 Q2 2024 % Of Portfolio Change To Portfolio ▼ ALAB Astera Labs Inc. Add +158.2% 12.68% +7.20 AMD Advanced Micro Devices Add +98.4% 11.44% +5.93 DECK Deckers Outdoor Corp. New 3.18% +3.18 ULTA Ulta Beauty Inc. New 2.47% +2.47 FIVE Five Below New 2.32% +2.32 S Sentinelone Inc. Class A Add +137.3% 3.07% +1.97 RH RH Add +14.8% 3.97% +1.52 LITE Lumentum Holdings Inc. Add +28.5% 3.62% +1.43 AAPL Apple Inc. Add +29.9% 3.34% +1.09 AMT American Tower Corp. Add +143.1% 1.46% +0.98 AMZN Amazon.com Inc. Add +18.8% 5.86% +0.91 GTLB Gitlab Inc. Class A New 0.86% +0.86 RL Ralph Lauren Corp. Add +28.3% 2.47% +0.79 AFRM Affirm Holdings Inc. New 0.69% +0.69 MELI MercadoLibre Inc. Add +7.7% 1.99% +0.56 ESTC Elastic NV Add +57.2% 4.38% +0.38 NTNX Nutanix Inc. Class A New 0.28% +0.28 ADBE Adobe Inc. Add +8.0% 4.93% +0.19 RDDT Reddit Inc. Class A Add +21.5% 0.76% +0.17 CFLT Confluent Inc. Class A Add +7.3% 1.86% −0.57
Options Activity Q2 2024 → Q3 2024 Security Type Change vs Q2 2024 Underlying Shares Value ▼ QQQ Invesco QQQ Trust Series 1 put New 1,000,000 $488.1M SPY SS SPDR S&P 500 ETF Trust-US put New 250,000 $143.4M RH RH call New 250,000 $83.6M AMD Advanced Micro Devices call New 500,000 $82.0M ALAB Astera Labs Inc. call New 1,000,000 $52.4M DG Dollar General Corp. call New 600,000 $50.7M SLB SLB Ltd. call New 1,000,000 $42.0M NVDA Nvidia Corp. call New 200,000 $24.3M
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