Gavin Baker's portfolio
In the Q2 2026 13F, filed August 14, 2026, Atreides Management reported 46 US stock positions worth $11.1B. The largest was SPACE EXPLORATION TECHNOLOGIES CORP (SPCX) at 41.9% of the portfolio. New positions: SPACE EXPLORATION TECHNOLOGIES CORP (SPCX), Cerebras Systems (CBRS) and Meta Platforms (META). Added to: Ciena (CIEN) and Credo Technology Group Holding (CRDO). The Q3 2026 13F is due by November 14, 2026.
What changed in Q2 2026
Compared with the previous 13F. Values are as reported at quarter end. How to read a 13F.
New positions
- SPACE EXPLORATION TECHNOLOGIES CORPSPCX$4.7B
- Cerebras SystemsCBRS$687M
- Meta PlatformsMETA$227M
- GitlabGTLB$103M
- Cipher DigitalCIFR$88M
- SamsaraIOT$75M
- PDF SolutionsPDFS$47M
- ServiceTitanTTAN$38M
- NateraNTRA$28M
- QuantinuumQNT$3M
Added to
- CienaCIEN$338M
- Credo Technology Group HoldingCRDO$307M
- Palo Alto NetworksPANW$299M
- CoherentCOHR$253M
- NVIDIANVDA$250M
- Amazon.comAMZN$231M
- CoreWeaveCRWV$212M
- Akamai TechnologiesAKAM$108M
- AffirmAFRM$104M
- IntelINTC$93M
Trimmed
- Micron TechnologyMU$821M
- Astera LabsALAB$588M
- Unity SoftwareU$293M
- AlphabetGOOGL$175M
- TwilioTWLO$149M
- Dick’s Sporting GoodsDKS$85M
- WayfairW$78M
Sold out
None this quarter.
Holdings
46 US-listed positions in the Q2 2026 13F, largest first.
| Stock | % of portfolio | Value | Shares | Last quarter |
|---|---|---|---|---|
| SPACE EXPLORATION TECHNOLOGIES CORPSPCX | 41.89% | $4.7B | 27,332,943 | New |
| Micron TechnologyMU | 7.37% | $821M | 711,364 | Trimmed |
| Cerebras SystemsCBRS | 6.17% | $687M | 3,110,086 | New |
| Astera LabsALAB | 5.27% | $588M | 1,216,795 | Trimmed |
| CienaCIEN | 3.03% | $338M | 688,521 | Added |
| Credo Technology Group HoldingCRDO | 2.75% | $307M | 1,129,285 | Added |
| Palo Alto NetworksPANW | 2.68% | $299M | 876,954 | Added |
| Unity SoftwareU | 2.63% | $293M | 10,245,819 | Trimmed |
| CoherentCOHR | 2.27% | $253M | 642,101 | Added |
| NVIDIANVDA | 2.24% | $250M | 1,249,291 | Added |
| Amazon.comAMZN | 2.07% | $231M | 969,629 | Added |
| Meta PlatformsMETA | 2.04% | $227M | 402,770 | New |
| CoreWeaveCRWV | 1.90% | $212M | 2,124,845 | Added |
| AlphabetGOOGL | 1.56% | $175M | 488,296 | Trimmed |
| TwilioTWLO | 1.33% | $149M | 720,338 | Trimmed |
| Amphenol | 1.01% | $113M | 640,069 | Held |
| Akamai TechnologiesAKAM | 0.97% | $108M | 910,583 | Added |
| AffirmAFRM | 0.93% | $104M | 1,273,050 | Added |
| GitlabGTLB | 0.92% | $103M | 3,373,169 | New |
| IntelINTC | 0.83% | $93M | 663,802 | Added |
| SemtechSMTC | 0.80% | $89M | 551,214 | Added |
| Cipher DigitalCIFR | 0.79% | $88M | 3,586,409 | New |
| TeslaTSLA | 0.77% | $86M | 204,275 | Added |
| Dick’s Sporting GoodsDKS | 0.76% | $85M | 375,118 | Trimmed |
| WayfairW | 0.70% | $78M | 843,860 | Trimmed |
| Ambiq MicroAMBQ | 0.69% | $77M | 877,123 | Added |
| SamsaraIOT | 0.67% | $75M | 2,308,649 | New |
| ACV AuctionsACVA | 0.64% | $71M | 9,903,239 | Added |
| CompassCOMP | 0.63% | $70M | 5,658,421 | Added |
| Wix.ComWIX | 0.59% | $66M | 1,458,458 | Added |
| MastercardMA | 0.43% | $48M | 93,629 | Added |
| PDF SolutionsPDFS | 0.42% | $47M | 658,536 | New |
| ServiceTitanTTAN | 0.34% | $38M | 542,092 | New |
| Ferguson PlcFERG | 0.32% | $35M | 147,759 | Added |
| Nokia | 0.30% | $34M | 2,524,974 | Held |
| RogersROG | 0.28% | $31M | 189,311 | Added |
| NateraNTRA | 0.25% | $28M | 104,385 | New |
| Warby ParkerWRBY | 0.19% | $21M | 698,903 | Added |
| Veeco InstrumentsVECO | 0.16% | $18M | 237,919 | Added |
| Nebius Group | 0.16% | $18M | 64,125 | Held |
| Innio Nv | 0.12% | $14M | 348,696 | Held |
| EquipmentShare.comEQPT | 0.04% | $4M | 217,131 | Added |
| TaboolaTBLA | 0.04% | $4M | 835,026 | Added |
| QuantinuumQNT | 0.03% | $3M | 39,853 | New |
| Fervo Energy Company Class A common stockFRVO | 0.00% | $291,102 | 9,959 | New |
| BitGoBTGO | 0.00% | $153,385 | 29,611 | Added |
By sector
Share of the reported value.
Reported value over time
Total 13F value at each quarter end.
Questions
What stocks does Gavin Baker own?
In the Q2 2026 13F, Atreides Management reported 46 US stock positions worth $11.1B. The largest: SPACE EXPLORATION TECHNOLOGIES CORP (SPCX) 41.9%, Micron Technology (MU) 7.4%, Cerebras Systems (CBRS) 6.2%, Astera Labs (ALAB) 5.3%, Ciena (CIEN) 3.0%.
What did Gavin Baker buy last quarter?
In Q2 2026: new position in SPACE EXPLORATION TECHNOLOGIES CORP (SPCX); new position in Cerebras Systems (CBRS); new position in Meta Platforms (META); added to Ciena (CIEN); added to Credo Technology Group Holding (CRDO); added to Palo Alto Networks (PANW).
What did Gavin Baker sell last quarter?
In Q2 2026: cut Micron Technology (MU); cut Astera Labs (ALAB); cut Unity Software (U).
When is Gavin Baker's next 13F?
13F filings are due 45 days after each quarter ends. The Q3 2026 filing is due by November 14, 2026.
More investors
13F filings list US-listed long positions (and some options) held at quarter end. They leave out short positions, cash, bonds and non-US holdings, and arrive up to 45 days after the quarter ends, so the investor may have traded since. Information only, not investment advice.