1y return+59.1%S&P 500 +20.9%
3y return+164.3%S&P 500 +68.5%
5y return+83.1%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2019: $468 against $232 in the S&P 500.2
Atreides Management, LPS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| SPCXSpace Exploration Techn Corp | $4.7B | 41.9% | New |
| MUMicron Technology Inc | $821.1M | 7.4% | −6.5% |
| CBRSCerebras Systems Inc | $687.3M | 6.2% | New |
| ALABAstera Labs Inc | $587.7M | 5.3% | −63.8% |
| CIENCiena Corp | $337.8M | 3.0% | +1.7% |
| Credo Technology Group HoldiCUSIP G25457105 | $307.1M | 2.8% | +3.5% |
| PANWPalo Alto Networks Inc | $299.1M | 2.7% | +56.1% |
| UUnity Software Inc | $292.8M | 2.6% | −17.3% |
| COHRCoherent Corp | $253.3M | 2.3% | +1.7% |
| NVDANvidia Corporation | $250.0M | 2.2% | |
| AMZNAmazon Com Inc | $231.1M | 2.1% | +1.7% |
| METAMeta Platforms Inc | $226.9M | 2.0% | New |
| CRWVCoreweave Inc | $211.5M | 1.9% | +162.2% |
| GOOGLAlphabet Inc | $174.5M | 1.6% | −12.0% |
| TWLOTwilio Inc | $148.6M | 1.3% | −21.8% |
| APHAmphenol Corp | $112.9M | 1.0% | New |
| AKAMAkamai Technologies Inc | $107.6M | 1.0% | +33.4% |
| AFRMAffirm Hldgs Inc | $103.8M | 0.9% | +6.6% |
| GTLBGitlab Inc | $103.0M | 0.9% | New |
| INTCIntel Corp | $92.7M | 0.8% | +1.5% |
| SMTCSemtech Corp | $89.2M | 0.8% | +1.7% |
| CIFRCipher Digital Inc | $87.9M | 0.8% | New |
| TSLATesla Inc | $85.9M | 0.8% | +1.7% |
| DKSDicks Sporting Goods Inc | $85.1M | 0.8% | −17.1% |
| WWayfair Inc | $78.0M | 0.7% | −41.0% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| CIENCiena Corp | June 30, 2025 | +503.2% | $337.8M |
| COHRCoherent Corp | September 30, 2025 | +266.2% | $253.3M |
| SMTCSemtech Corp | June 30, 2025 | +258.6% | $89.2M |
| Credo Technology Group HoldiCUSIP G25457105 | March 31, 2026 | +189.7% | $307.1M |
| Nebius Group N.v.CUSIP N97284108 | March 31, 2026 | +166.2% | $17.7M |
| ROGRogers Corp | June 30, 2025 | +139.1% | $31.0M |
| GOOGLAlphabet Inc | March 31, 2024 | +136.8% | $174.5M |
| VECOVeeco Instrs Inc Del | March 31, 2026 | +123.9% | $18.0M |
| PANWPalo Alto Networks Inc | March 31, 2026 | +112.7% | $299.1M |
| TWLOTwilio Inc | March 31, 2025 | +110.7% | $148.6M |
Sold off last quarter
- LITELumentum Hldgs Inc was $187.9M
- ECHOEchostar Corp was $117.1M
- ZMZoom Communications Inc was $105.8M
- RKTRocket Cos Inc was $87.1M
- VSTVistra Corp was $78.7M
- RBLXRoblox Corp was $78.3M
- HUBSHubspot Inc was $56.7M
- SNPSSynopsys Inc was $54.3M
- RLRalph Lauren Corp was $44.3M
- AXONAxon Enterprise Inc was $43.4M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +32.0% | +14.8% |
| March 31, 2026 | −7.1% | −4.6% |
| December 31, 2025 | +6.8% | +2.4% |
| September 30, 2025 | +21.5% | +7.8% |
| June 30, 2025 | +30.0% | +10.5% |
| March 31, 2025 | −19.4% | −4.6% |
| December 31, 2024 | +28.9% | +2.1% |
| September 30, 2024 | +4.2% | +5.4% |
| June 30, 2024 | −1.0% | +4.0% |
| March 31, 2024 | +17.5% | +10.0% |
| December 31, 2023 | +13.1% | +11.2% |
| September 30, 2023 | −10.3% | −3.6% |
| June 30, 2023 | +20.5% | +8.3% |
| March 31, 2023 | +25.6% | +7.0% |
| December 31, 2022 | −2.2% | +7.1% |
| September 30, 2022 | −1.5% | −5.3% |
| June 30, 2022 | −32.4% | −16.5% |
| March 31, 2022 | −16.0% | −4.9% |
| December 31, 2021 | −9.7% | +10.7% |
| September 30, 2021 | −7.3% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Atreides Management, LP Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1777813&type=13F-HR&dateb=&owner=include&count=40CIK 1777813
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1777813/000177781326000009/Filed August 14, 2026 · accession 0001777813-26-000009