Atreides Management, LP Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NVDA	NVIDIA CORPORATION	3,500,000	$652,750	8.0%	$168.39	+10.5%	CALL	67066G104
MU	MICRON TECHNOLOGY INC	700,000	$199,787	2.4%	$126.52	+81.3%	PUT	595112103
COHR	COHERENT CORP	900,000	$166,113	2.0%	$112.68	+32.8%	CALL	19247G107
U	UNITY SOFTWARE INC	3,700,000	$163,429	2.0%	$23.86	+70.8%	CALL	91332U101
WIX	WIX COM LTD	1,247,457	$129,598	1.6%	$120.92	0.0%	SHS	M98068105
PSTG	PURE STORAGE INC	1,500,000	$100,515	1.2%	$52.59	+58.8%	CALL	74624M102
SATS	ECHOSTAR CORP	901,084	$97,948	1.2%	$81.43	0.0%	CL A	278768106
WING	WINGSTOP INC	390,005	$93,012	1.1%	$247.68	0.0%	COM	974155103
COMP	COMPASS INC	8,723,434	$92,207	1.1%	$9.12	0.0%	CL A	20464U100
MSFT	MICROSOFT CORP	181,468	$87,762	1.1%	$500.58	0.0%	COM	594918104
CHYM	CHIME FINL INC	1,503,788	$37,850	0.5%	$21.24	0.0%	COM SHS CL A	16935C109
GTLB	GITLAB INC	1,000,000	$37,530	0.5%	$46.05	-6.0%	CALL	37637K108
GNRC	GENERAC HLDGS INC	182,765	$24,924	0.3%	$161.36	0.0%	COM	368736104
PFGC	PERFORMANCE FOOD GROUP CO	125,901	$11,321	0.1%	$96.57	0.0%	COM	71377A103
WRBY	WARBY PARKER INC	393,085	$8,565	0.1%	$21.76	0.0%	CL A COM	93403J106

Increased Positions (32)

QQQ INVESCO QQQ TR 26.3%

Value ($000) $2,150,085 (+79.1%) Shares 3,500,000 (+75.0%) Est. Cost — Unrealized —

ALAB ASTERA LABS INC 3.3%

Value ($000) $268,038 (+2106.2%) Shares 1,611,194 (+2496.6%) Est. Cost $163.88 Unrealized +2.1%

NVDA NVIDIA CORPORATION 4.4%

Value ($000) $359,056 (+234.8%) Shares 1,925,231 (+235.0%) Est. Cost $168.39 Unrealized +10.5%

CIEN CIENA CORP 4.1%

Value ($000) $334,020 (+63.7%) Shares 1,428,230 (+2.0%) Est. Cost $76.99 Unrealized +152.0%

COHR COHERENT CORP 2.8%

Value ($000) $227,989 (+131.6%) Shares 1,235,246 (+35.2%) Est. Cost $112.68 Unrealized +32.8%

MU MICRON TECHNOLOGY INC 2.6%

Value ($000) $210,894 (+73.9%) Shares 738,916 (+1.9%) Est. Cost $126.52 Unrealized +81.3%

AFRM AFFIRM HLDGS INC 1.3%

Value ($000) $103,081 (+578.4%) Shares 1,384,941 (+566.1%) Est. Cost $68.84 Unrealized +4.6%

PSTG PURE STORAGE INC 3.4%

Value ($000) $279,946 (-18.5%) Shares 4,177,675 (+1.9%) Est. Cost $52.59 Unrealized +58.8%

RKT ROCKET COS INC 0.9%

Value ($000) $69,746 (+259.6%) Shares 3,602,563 (+260.0%) Est. Cost $16.52 Unrealized +8.3%

U UNITY SOFTWARE INC 3.6%

Value ($000) $292,646 (+19.6%) Shares 6,625,439 (+8.4%) Est. Cost $23.86 Unrealized +70.8%

ACVA ACV AUCTIONS INC 1.2%

Value ($000) $99,543 (+82.3%) Shares 12,411,800 (+125.2%) Est. Cost $10.23 Unrealized -20.9%

CRWV COREWEAVE INC 0.5%

Value ($000) $43,404 (+404.2%) Shares 606,110 (+863.5%) Est. Cost $94.87 Unrealized +6.9%

AXON AXON ENTERPRISE INC 0.7%

Value ($000) $59,899 (+128.9%) Shares 105,469 (+189.3%) Est. Cost $608.34 Unrealized +2.0%

TTAN SERVICETITAN INC 1.0%

Value ($000) $84,394 (+33.7%) Shares 792,433 (+26.5%) Est. Cost $108.81 Unrealized -10.2%

PM PHILIP MORRIS INTL INC 0.8%

Value ($000) $65,084 (+43.8%) Shares 405,759 (+45.4%) Est. Cost $161.55 Unrealized -4.9%

TEAM ATLASSIAN CORPORATION 0.8%

Value ($000) $64,569 (+32.5%) Shares 398,230 (+30.5%) Est. Cost $175.32 Unrealized -10.5%

AMSC AMERICAN SUPERCONDUCTOR CORP 0.4%

Value ($000) $30,052 (-34.4%) Shares 1,044,193 (+35.3%) Est. Cost $29.65 Unrealized +45.8%

NU NU HLDGS LTD 0.7%

Value ($000) $54,790 (+36.4%) Shares 3,272,998 (+30.4%) Est. Cost $12.93 Unrealized +24.3%

AMZN AMAZON COM INC 1.9%

Value ($000) $158,758 (+9.7%) Shares 687,799 (+4.4%) Est. Cost $163.04 Unrealized +40.3%

SE SEA LTD 0.4%

Value ($000) $35,138 (-27.2%) Shares 275,439 (+1.9%) Est. Cost $159.32 Unrealized —

W WAYFAIR INC 1.1%

Value ($000) $87,443 (+14.6%) Shares 870,864 (+1.9%) Est. Cost $64.79 Unrealized +48.4%

DKS DICKS SPORTING GOODS INC 1.2%

Value ($000) $97,169 (-9.2%) Shares 490,828 (+2.0%) Est. Cost $182.98 Unrealized +18.7%

AZO AUTOZONE INC 0.5%

Value ($000) $39,409 (-15.9%) Shares 11,620 (+6.3%) Est. Cost $3727.04 Unrealized +1.4%

RBRK RUBRIK INC. 0.8%

Value ($000) $68,452 (+10.6%) Shares 895,029 (+18.9%) Est. Cost $80.85 Unrealized -5.1%

FROG JFROG LTD 0.3%

Value ($000) $25,251 (+34.3%) Shares 404,276 (+1.8%) Est. Cost $45.38 Unrealized +25.3%

RL RALPH LAUREN CORP 0.6%

Value ($000) $45,107 (+15.0%) Shares 127,562 (+2.0%) Est. Cost $171.85 Unrealized +97.9%

SMTC SEMTECH CORP 0.6%

Value ($000) $50,963 (+5.2%) Shares 691,591 (+2.0%) Est. Cost $36.71 Unrealized +93.3%

ROG ROGERS CORP 0.2%

Value ($000) $15,743 (+15.8%) Shares 171,920 (+1.8%) Est. Cost $64.86 Unrealized +32.4%

TBLA TABOOLA.COM LTD 0.0%

Value ($000) $3,403 (+37.7%) Shares 738,210 (+1.8%) Est. Cost $10.23 Unrealized -63.2%

SNOW SNOWFLAKE INC 1.3%

Value ($000) $105,019 (-0.8%) Shares 478,754 (+2.0%) Est. Cost $142.79 Unrealized +70.9%

AMBQ AMBIQ MICRO INC 0.2%

Value ($000) $19,848 (-3.1%) Shares 696,420 (+1.8%) Est. Cost $36.32 Unrealized -21.1%

MA MASTERCARD INCORPORATED 0.3%

Value ($000) $26,237 (+2.3%) Shares 45,958 (+2.0%) Est. Cost $400.25 Unrealized +39.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
QQQ	INVESCO QQQ TR	3,500,000 (+75.0%)	$2,150,085 (+79.1%)	26.3%	—	—	PUT	46090E103
ALAB	ASTERA LABS INC	1,611,194 (+2496.6%)	$268,038 (+2106.2%)	3.3%	$163.88	+2.1%	COM	04626A103
NVDA	NVIDIA CORPORATION	1,925,231 (+235.0%)	$359,056 (+234.8%)	4.4%	$168.39	+10.5%	COM	67066G104
CIEN	CIENA CORP	1,428,230 (+2.0%)	$334,020 (+63.7%)	4.1%	$76.99	+152.0%	COM NEW	171779309
COHR	COHERENT CORP	1,235,246 (+35.2%)	$227,989 (+131.6%)	2.8%	$112.68	+32.8%	COM	19247G107
MU	MICRON TECHNOLOGY INC	738,916 (+1.9%)	$210,894 (+73.9%)	2.6%	$126.52	+81.3%	COM	595112103
AFRM	AFFIRM HLDGS INC	1,384,941 (+566.1%)	$103,081 (+578.4%)	1.3%	$68.84	+4.6%	COM CL A	00827B106
PSTG	PURE STORAGE INC	4,177,675 (+1.9%)	$279,946 (-18.5%)	3.4%	$52.59	+58.8%	CL A	74624M102
RKT	ROCKET COS INC	3,602,563 (+260.0%)	$69,746 (+259.6%)	0.9%	$16.52	+8.3%	COM CL A	77311W101
U	UNITY SOFTWARE INC	6,625,439 (+8.4%)	$292,646 (+19.6%)	3.6%	$23.86	+70.8%	COM	91332U101
ACVA	ACV AUCTIONS INC	12,411,800 (+125.2%)	$99,543 (+82.3%)	1.2%	$10.23	-20.9%	COM CL A	00091G104
CRWV	COREWEAVE INC	606,110 (+863.5%)	$43,404 (+404.2%)	0.5%	$94.87	+6.9%	COM CL A	21873S108
AXON	AXON ENTERPRISE INC	105,469 (+189.3%)	$59,899 (+128.9%)	0.7%	$608.34	+2.0%	COM	05464C101
TTAN	SERVICETITAN INC	792,433 (+26.5%)	$84,394 (+33.7%)	1.0%	$108.81	-10.2%	SHS CL A	81764X103
PM	PHILIP MORRIS INTL INC	405,759 (+45.4%)	$65,084 (+43.8%)	0.8%	$161.55	-4.9%	COM	718172109
TEAM	ATLASSIAN CORPORATION	398,230 (+30.5%)	$64,569 (+32.5%)	0.8%	$175.32	-10.5%	CL A	049468101
AMSC	AMERICAN SUPERCONDUCTOR CORP	1,044,193 (+35.3%)	$30,052 (-34.4%)	0.4%	$29.65	+45.8%	SHS NEW	030111207
NU	NU HLDGS LTD	3,272,998 (+30.4%)	$54,790 (+36.4%)	0.7%	$12.93	+24.3%	ORD SHS CL A	G6683N103
AMZN	AMAZON COM INC	687,799 (+4.4%)	$158,758 (+9.7%)	1.9%	$163.04	+40.3%	COM	023135106
SE	SEA LTD	275,439 (+1.9%)	$35,138 (-27.2%)	0.4%	$159.32	—	SPONSORD ADS	81141R100
W	WAYFAIR INC	870,864 (+1.9%)	$87,443 (+14.6%)	1.1%	$64.79	+48.4%	CL A	94419L101
DKS	DICKS SPORTING GOODS INC	490,828 (+2.0%)	$97,169 (-9.2%)	1.2%	$182.98	+18.7%	COM	253393102
AZO	AUTOZONE INC	11,620 (+6.3%)	$39,409 (-15.9%)	0.5%	$3727.04	+1.4%	COM	053332102
RBRK	RUBRIK INC.	895,029 (+18.9%)	$68,452 (+10.6%)	0.8%	$80.85	-5.1%	CL A	781154109
FROG	JFROG LTD	404,276 (+1.8%)	$25,251 (+34.3%)	0.3%	$45.38	+25.3%	ORD SHS	M6191J100
RL	RALPH LAUREN CORP	127,562 (+2.0%)	$45,107 (+15.0%)	0.6%	$171.85	+97.9%	CL A	751212101
SMTC	SEMTECH CORP	691,591 (+2.0%)	$50,963 (+5.2%)	0.6%	$36.71	+93.3%	COM	816850101
ROG	ROGERS CORP	171,920 (+1.8%)	$15,743 (+15.8%)	0.2%	$64.86	+32.4%	COM	775133101
TBLA	TABOOLA.COM LTD	738,210 (+1.8%)	$3,403 (+37.7%)	0.0%	$10.23	-63.2%	ORD SHS	M8744T106
SNOW	SNOWFLAKE INC	478,754 (+2.0%)	$105,019 (-0.8%)	1.3%	$142.79	+70.9%	COM SHS	833445109
AMBQ	AMBIQ MICRO INC	696,420 (+1.8%)	$19,848 (-3.1%)	0.2%	$36.32	-21.1%	COMMON STOCK	023193105
MA	MASTERCARD INCORPORATED	45,958 (+2.0%)	$26,237 (+2.3%)	0.3%	$400.25	+39.7%	CL A	57636Q104

Exited Positions (17)

DECK DECKERS OUTDOOR CORP 1.5%

Value ($000) $126,765 Shares 1,250,516 Est. Cost $142.08 Unrealized -34.0%

HUBS HUBSPOT INC 1.4%

Value ($000) $113,878 Shares 243,434 Est. Cost $503.08 Unrealized -17.7%

INTU INTUIT 1.1%

Value ($000) $92,314 Shares 135,178 Est. Cost $719.44 Unrealized -8.2%

MRVL MARVELL TECHNOLOGY INC 1.0%

Value ($000) $84,070 Shares 1,000,000 Est. Cost — Unrealized —

ELF E L F BEAUTY INC 0.9%

Value ($000) $71,320 Shares 538,348 Est. Cost $88.47 Unrealized +11.3%

AMD ADVANCED MICRO DEVICES INC 0.7%

Value ($000) $54,905 Shares 339,358 Est. Cost $125.02 Unrealized +79.6%

META META PLATFORMS INC 0.6%

Value ($000) $48,537 Shares 66,093 Est. Cost $643.25 Unrealized +3.7%

VRNS VARONIS SYS INC 0.5%

Value ($000) $37,839 Shares 658,415 Est. Cost $55.48 Unrealized -24.3%

IOT SAMSARA INC 0.3%

Value ($000) $26,493 Shares 711,215 Est. Cost $37.14 Unrealized +4.2%

SNPS SYNOPSYS INC 0.2%

Value ($000) $19,181 Shares 38,876 Est. Cost $565.30 Unrealized -21.4%

FIVN FIVE9 INC 0.2%

Value ($000) $17,791 Shares 735,151 Est. Cost $32.64 Unrealized -35.0%

BLDR BUILDERS FIRSTSOURCE INC 0.2%

Value ($000) $16,630 Shares 137,154 Est. Cost $115.39 Unrealized -2.6%

APP APPLOVIN CORP 0.2%

Value ($000) $12,487 Shares 17,378 Est. Cost $461.14 Unrealized +36.6%

JOBY JOBY AVIATION INC 0.2%

Value ($000) $12,418 Shares 769,407 Est. Cost $10.08 Unrealized +52.2%

Z ZILLOW GROUP INC 0.1%

Value ($000) $9,099 Shares 118,098 Est. Cost $72.34 Unrealized +0.1%

GEMI GEMINI SPACE STA INC 0.0%

Value ($000) $1,677 Shares 70,000 Est. Cost $25.81 Unrealized -39.6%

SONDQ SONDER HOLDINGS INC 0.0%

Value ($000) $1,220 Shares 960,533 Est. Cost $9.74 Unrealized -95.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DECK	DECKERS OUTDOOR CORP	1,250,516	$126,765	1.5%	$142.08	-34.0%	—	243537107
HUBS	HUBSPOT INC	243,434	$113,878	1.4%	$503.08	-17.7%	—	443573100
INTU	INTUIT	135,178	$92,314	1.1%	$719.44	-8.2%	—	461202103
MRVL	MARVELL TECHNOLOGY INC	1,000,000	$84,070	1.0%	—	—	CALL	573874104
ELF	E L F BEAUTY INC	538,348	$71,320	0.9%	$88.47	+11.3%	—	26856L103
AMD	ADVANCED MICRO DEVICES INC	339,358	$54,905	0.7%	$125.02	+79.6%	—	007903107
META	META PLATFORMS INC	66,093	$48,537	0.6%	$643.25	+3.7%	—	30303M102
VRNS	VARONIS SYS INC	658,415	$37,839	0.5%	$55.48	-24.3%	—	922280102
IOT	SAMSARA INC	711,215	$26,493	0.3%	$37.14	+4.2%	—	79589L106
SNPS	SYNOPSYS INC	38,876	$19,181	0.2%	$565.30	-21.4%	—	871607107
FIVN	FIVE9 INC	735,151	$17,791	0.2%	$32.64	-35.0%	—	338307101
BLDR	BUILDERS FIRSTSOURCE INC	137,154	$16,630	0.2%	$115.39	-2.6%	—	12008R107
APP	APPLOVIN CORP	17,378	$12,487	0.2%	$461.14	+36.6%	—	03831W108
JOBY	JOBY AVIATION INC	769,407	$12,418	0.2%	$10.08	+52.2%	—	G65163100
Z	ZILLOW GROUP INC	118,098	$9,099	0.1%	$72.34	+0.1%	—	98954M200
GEMI	GEMINI SPACE STA INC	70,000	$1,677	0.0%	$25.81	-39.6%	—	36866J105
SONDQ	SONDER HOLDINGS INC	960,533	$1,220	0.0%	$9.74	-95.2%	—	83542D300

Decreased Positions (9)

GTLB GITLAB INC 1.5%

Value ($000) $119,236 (-51.6%) Shares 3,177,083 (-41.9%) Est. Cost $46.05 Unrealized -6.0%

RBLX ROBLOX CORP 0.4%

Value ($000) $31,567 (-69.1%) Shares 389,571 (-47.1%) Est. Cost $54.65 Unrealized +94.3%

INTC INTEL CORP 0.2%

Value ($000) $17,857 (-79.6%) Shares 483,930 (-81.5%) Est. Cost $24.23 Unrealized +55.9%

LITE LUMENTUM HLDGS INC 1.7%

Value ($000) $141,098 (+32.0%) Shares 382,805 (-41.7%) Est. Cost $53.80 Unrealized +377.4%

GOOGL ALPHABET INC 2.0%

Value ($000) $160,988 (+20.3%) Shares 514,339 (-6.5%) Est. Cost $162.28 Unrealized +76.0%

FERG FERGUSON ENTERPRISES INC 0.5%

Value ($000) $39,610 (-20.8%) Shares 177,917 (-20.1%) Est. Cost $193.74 Unrealized +22.8%

TSLA TESLA INC 1.0%

Value ($000) $83,664 (-8.9%) Shares 186,035 (-9.9%) Est. Cost $231.15 Unrealized +91.8%

TWLO TWILIO INC 1.2%

Value ($000) $101,978 (+5.5%) Shares 716,946 (-25.8%) Est. Cost $109.31 Unrealized +13.3%

MELI MERCADOLIBRE INC 0.1%

Value ($000) $9,066 (-34.2%) Shares 4,501 (-23.7%) Est. Cost $2335.36 Unrealized -10.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GTLB	GITLAB INC	3,177,083 (-41.9%)	$119,236 (-51.6%)	1.5%	$46.05	-6.0%	CLASS A COM	37637K108
RBLX	ROBLOX CORP	389,571 (-47.1%)	$31,567 (-69.1%)	0.4%	$54.65	+94.3%	CL A	771049103
INTC	INTEL CORP	483,930 (-81.5%)	$17,857 (-79.6%)	0.2%	$24.23	+55.9%	COM	458140100
LITE	LUMENTUM HLDGS INC	382,805 (-41.7%)	$141,098 (+32.0%)	1.7%	$53.80	+377.4%	COM	55024U109
GOOGL	ALPHABET INC	514,339 (-6.5%)	$160,988 (+20.3%)	2.0%	$162.28	+76.0%	CAP STK CL A	02079K305
FERG	FERGUSON ENTERPRISES INC	177,917 (-20.1%)	$39,610 (-20.8%)	0.5%	$193.74	+22.8%	COMMON STOCK NEW	31488V107
TSLA	TESLA INC	186,035 (-9.9%)	$83,664 (-8.9%)	1.0%	$231.15	+91.8%	COM	88160R101
TWLO	TWILIO INC	716,946 (-25.8%)	$101,978 (+5.5%)	1.2%	$109.31	+13.3%	CL A	90138F102
MELI	MERCADOLIBRE INC	4,501 (-23.7%)	$9,066 (-34.2%)	0.1%	$2335.36	-10.1%	COM	58733R102