Latest Atreides Management, LP Stock Portfolio

Atreides Management, LP Performance:

2025 Q4: 5.49%YTD: 19.55%2024: 26.9%

Performance for 2025 Q4 is 5.49%, and YTD is 19.55%, and 2024 is 26.9%.

About Atreides Management, LP and 13F Hedge Fund Stock Holdings

On 2026-02-17, the fund reported it's updated stock portfolio. In the 13F Holdings report, Atreides Management, LP reported an equity portfolio of $8.2 Billions as of 31 Dec, 2025.

The top stock holdings of Atreides Management, LP are NVDA, CIEN, U. The fund has invested 4.4% of it's portfolio in NVIDIA CORPORATION and 4.1% of portfolio in CIENA CORP .

The fund managers got completely rid off DECKERS OUTDOOR CORP (DECK), HUBSPOT INC (HUBS) and INTUIT (INTU) stocks. They significantly reduced their stock positions in INTEL CORP (INTC), ROBLOX CORP (RBLX) and GITLAB INC (GTLB). Atreides Management, LP opened new stock positions in WIX COM LTD (WIX), ECHOSTAR CORP (SATS) and WINGSTOP INC (WING). The fund showed a lot of confidence in some stocks as they added substantially to ASTERA LABS INC, AFFIRM HLDGS INC (AFRM) and ROCKET COS INC (RKT).

Atreides Management, LP Annual Return Estimates Vs S&P 500

Our best estimate is that Atreides Management, LP made a return of 5.49% in the last quarter. In trailing 12 months, it's portfolio return was 19.55%.

Performance
S&P 500

New Buys

Ticker	$ Bought
wix com ltd	129,598,000
echostar corp	97,947,800
wingstop inc	93,012,300
compass inc	92,206,700
microsoft corp	87,761,600
chime finl inc	37,850,300
generac hldgs inc	24,923,700
performance food group co	11,321,000

New stocks bought by Atreides Management, LP

Additions

Ticker	% Inc.
astera labs inc	2,496
coreweave inc	863
affirm hldgs inc	566
rocket cos inc	260
nvidia corporation	234
axon enterprise inc	189
acv auctions inc	125
philip morris intl inc	45.38

Additions to existing portfolio by Atreides Management, LP

Reductions

Ticker	% Reduced
intel corp	-81.47
roblox corp	-47.14
gitlab inc	-41.92
lumentum hldgs inc	-41.73
twilio inc	-25.76
mercadolibre inc	-23.66
ferguson enterprises inc	-20.08
tesla inc	-9.94

Atreides Management, LP reduced stake in above stock

Sold off

Ticker	$ Sold
deckers outdoor corp	-126,765,000
sonder holdings inc	-1,219,880
joby aviation inc	-12,418,200
five9 inc	-17,790,700
samsara inc	-26,492,800
varonis sys inc	-37,839,100
e l f beauty inc	-71,320,300
advanced micro devices inc	-54,904,700

Atreides Management, LP got rid off the above stocks

Sector Distribution

Atreides Management, LP has about 53.7% of it's holdings in Technology sector.

Sector	%
Technology	53.7
Others	16.6
Consumer Cyclical	15.1
Communication Services	6.3
Industrials	2.4
Real Estate	2
Financial Services	2
Consumer Defensive	1.6

Market Cap. Distribution

Atreides Management, LP has about 63.7% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
LARGE-CAP	38.9
MEGA-CAP	24.8
UNALLOCATED	16.6
MID-CAP	14.5
SMALL-CAP	3.2
NANO-CAP	2.1

Stocks belong to which Index?

About 36.1% of the stocks held by Atreides Management, LP either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	63.8
S&P 500	28.4
RUSSELL 2000	7.7

Top 5 Winners (%)		%
LITE	lumentum hldgs inc	100.1 %
MU	micron technology inc	69.5 %
CIEN	ciena corp	59.6 %
COHR	coherent corp	56.8 %
TWLO	twilio inc	36.7 %

Top 5 Winners ($)		$
CIEN	ciena corp	124.8 M
LITE	lumentum hldgs inc	107.0 M
MU	micron technology inc	86.4 M
COHR	coherent corp	82.6 M
GOOG	alphabet inc	37.2 M

Top 5 Losers (%)		%
AMSC	american superconductor corp	-48.0 %
	coreweave inc	-33.5 %
RBLX	roblox corp	-31.7 %
SE	sea ltd	-28.4 %
AZO	autozone inc	-20.4 %

Top 5 Losers ($)		$
PSTG	pure storage inc	-69.5 M
GTLB	gitlab inc	-32.6 M
RBLX	roblox corp	-32.4 M
AMSC	american superconductor corp	-27.8 M
	astera labs inc	-24.6 M

Atreides Management, LP Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Atreides Management, LP

Atreides Management, LP has 49 stocks in it's portfolio. About 29.7% of the portfolio is in top 10 stocks. PSTG proved to be the most loss making stock for the portfolio. CIEN was the most profitable stock for Atreides Management, LP last quarter.

Last Reported on: 17 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
ACVA	acv auctions inc	1.22	12,411,800	99,542,600	added	125

AFRM	affirm hldgs inc	1.26	1,384,940	103,081,000	added	566

AMD	advanced micro devices inc	0.00	0.00	0.00	sold off	-100

AMSC	american superconductor corp	0.37	1,044,190	30,051,900	added	35.35

AMZN	amazon com inc	1.94	687,799	158,758,000	added	4.39

APP	applovin corp	0.00	0.00	0.00	sold off	-100

AXON	axon enterprise inc	0.73	105,469	59,899,000	added	189

AZO	autozone inc	0.48	11,620	39,409,200	added	6.33

BLDR	builders firstsource inc	0.00	0.00	0.00	sold off	-100

CIEN	ciena corp	4.08	1,428,230	334,020,000	added	1.96

COHR	coherent corp	2.79	1,235,250	227,989,000	added	35.18

COMP	compass inc	1.13	8,723,430	92,206,700	new

DECK	deckers outdoor corp	0.00	0.00	0.00	sold off	-100

DKS	dicks sporting goods inc	1.19	490,828	97,169,200	added	1.96

ELF	e l f beauty inc	0.00	0.00	0.00	sold off	-100

FIVN	five9 inc	0.00	0.00	0.00	sold off	-100

FROG	jfrog ltd	0.31	404,276	25,251,100	added	1.77

GNRC	generac hldgs inc	0.30	182,765	24,923,700	new

GOOG	alphabet inc	1.97	514,339	160,988,000	reduced	-6.53

GTLB	gitlab inc	1.46	3,177,080	119,236,000	reduced	-41.92