Atreides Management: Platform Profile

Overview

Atreides Management is a Boston investment manager founded in 2019 by Gavin Baker. The firm describes a crossover strategy that brings a long-term perspective to technology and consumer companies across public and private markets.

Baker is the firm's Managing Partner and Chief Investment Officer and oversees investments, research and day-to-day portfolio management.

May fit better for

• qualified investors seeking technology and consumer crossover investing;
• investors comfortable with both public and private-company exposure;
• allocators interested in a long-term growth-oriented manager;
• investors who understand that option-heavy 13F values can exceed regulatory AUM.

May fit less well for

• retail users seeking public self-service fund access;
• investors seeking broad sector-neutral diversification;
• users who interpret 13F value as firm NAV;
• investors uncomfortable with concentrated technology and growth exposure.

Atreides is SEC registered

• Legal adviser: Atreides Management, LP
• CRD: 301152
• SEC number: 801-115226
• SEC registration effective: 2019-05-03
• SEC registered investment adviser: Yes

Current regulatory AUM is $8.944B

Current May 29, 2026 Form-ADV-derived data:

• Regulatory AUM: $8.944B
• Regulatory AUM exact: $8,943,718,846
• Regulatory AUM as of: 2026-05-29
• Discretionary AUM: $8.944B
• Client accounts: 47
• Employees: 26

Q2 2026 13F value is $14.335B

The SEC summary page reports:

• Q2 2026 13F value: $14.335B
• Q2 2026 13F exact value: $14,335,417,162
• Q2 2026 13F as of: 2026-06-30
• Q2 2026 13F entry count: 49

Why 13F can exceed RAUM here

The Q2 filing includes large reportable option positions and a large Space Exploration Technologies position.

Examples reported by filing processors include:

• SpaceX 13F position: $4.67B
• QQQ put: $2.36B
• Meta call: $675.9M

Option reporting can create large headline filing values that are not interchangeable with investor NAV or regulatory AUM.

Current first-party strategy is crossover

• Crossover strategy: Yes
• Technology focus: Yes
• Consumer focus: Yes
• Public markets: Yes
• Private markets: Yes
• Long term perspective: Yes

Atreides also has senior public-equity and venture/private-market professionals.

Founder and CIO

• Founder: Gavin Baker
• Founded: 2019
• Managing partner: Gavin Baker
• Chief investment officer: Gavin Baker

First-party biography states that Baker previously worked at Fidelity from 1999 to 2017 and helped spearhead Fidelity venture investing from 2013 to 2017.

Keep the prior-employment history descriptive; it is not a performance credential or ROIStreet rating.

Current private-fund structure

Current August 28, 2026 Form-ADV-derived research reports:

• Private fund count: 27
• Private fund gross assets: $8.7B
• Hedge fund gross assets: $6.6B
• Venture capital fund gross assets: $2.1B

The current private-fund GAV source is later than the May RAUM source.

Universal fund terms remain undisclosed

• Public self service retail signup: No

Assessment

Atreides is Batch 89's strongest 13F interpretation trap.

The Q2 filing value of $14.335B is roughly 60% above the May regulatory AUM figure, but the filing contains large option positions. That does not establish that firm AUM rose to $14.3B.