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Gavin Baker / Atreides

Gavin Baker / Atreides Management

House Atreides BookCIK 0001777813·Q1 2026
Dune-named tech family office where memory (MU $257M) beats GPU (NVDA $218M), with optical (COHR) and compute-rental (CRWV) rounding out a picks-and-shovels triangle
AI value
$2.5B
50.2% of total AUM
AI positions
23
Q1 2026 13F-HR
Total AUM
$5B
54 tickers

13F

23 positions · Q1 2026
#TickerCompanyLayerValueShares% of AUMEntry quarter
1ALABAstera Labs IncChipEnabler$368.9M3.4M shares7.4%Q1 2024
2CIENCiena CorpInfraEnabler$262.8M676.8K shares5.3%Q3 2023
3MUMicron TechnologyChipEnabler$256.9M760.4K shares5.1%Q3 2020
4NVDANVIDIA CorpChip$217.8M1.2M shares4.4%Q3 2020
5AMZNAmazon.com IncInfraApp$198.6M953.6K shares4.0%Q2 2021
6LITELumentum HoldingsInfraEnabler$187.9M267.4K shares3.8%Q1 2024
7GOOGLAlphabet Inc Class AInfraAppModel$159.6M555K shares3.2%Q2 2021
8COHRCoherent CorpInfra$150.3M631.2K shares3.0%Q3 2023
9CRDOCredo Technology GroupChipEnabler$102.4M1.1M shares2.0%Q1 2026
10PANWPalo Alto NetworksApp$90.1M561.8K shares1.8%Q1 2026
11AKAMAkamai TechnologiesInfra$78.4M682.8K shares1.6%Q1 2026
12TSLATesla IncAutonomy$74.6M200.8K shares1.5%before Q1 2020
13CRWVCoreWeave IncInfra$62.8M810.5K shares1.3%Q1 2025
14HUBSHubSpot IncApp$56.7M232.1K shares1.1%Q3 2022
15SNPSSynopsys IncEnabler$54.3M136.9K shares1.1%Q1 2025
16SMTCSemtech CorpChipEnabler$41.7M541.8K shares0.8%Q2 2025
17INTCIntel CorpChipEnabler$28.9M653.8K shares0.6%Q2 2020
18RBRKRubrik IncApp$27.7M566.5K shares0.6%Q2 2025
19AMBQAmbiq Micro IncChip$21.9M862.2K shares0.4%Q3 2025
20SNOWSnowflake IncAppInfra$21.8M144.8K shares0.4%Q4 2024
21GFSGlobalFoundries IncChipEnabler$21.1M474.6K shares0.4%Q4 2024
22NOKNokia Corp (ADR)InfraEnabler$20M2.5M shares0.4%Q1 2026
23NBISNebius Group NVInfra$6.5M63.1K shares0.1%Q1 2026

This page covers Atreides Management LP's 13F-HR filings only — its US-equity public book, currently $5.00B AUM across 54 holdings. The AI universe filter surfaces $2.51B (50.2% AUM) across 23 positions. The headline: memory (MU) at $256.9M beats GPU (NVDA) at $217.8M — making Atreides the first investor on this site where memory beats GPU. The picks-and-shovels triangle — MU memory + COHR optical + CRWV GPU-rental — sums to $470.0M / 37.6% of the pre-expansion AI baseline. Custom AI silicon (ALAB Astera Labs) is the largest single position at $368.9M, a separate angle.

Atreides Management is the smallest book on this site by total AUM (~$5B, vs $74B Berkshire / $14.6B Coatue). Tracked here for portfolio shape, not for size — Gavin Baker spent 2009-2017 running Fidelity OTC Portfolio and launched Atreides in 2019 to keep running a focused tech book without mutual-fund constraints.

13G/13D

0 active stakes · SEC ≥5% filings
No active major stakes since latest 13F.

Per SEC rules, investors must disclose ≥5% positions within 5-10 days of crossing the threshold; this section reflects filings since the latest 13F.