Gavin Baker / Atreides Management

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.

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