Gavin Baker’s tech-focused hedge fund has sold off its holdings in Meta (META) and AMD (AMD) while rotating aggressively into a mega-cap tech firm.
The firm’s latest 13F filing shows that Atreides Management exited Meta in Q4 2025, dumping 66,093 META shares previously valued at $48.537 million.
Atreides also unloaded all of its AMD holdings in the same quarter, selling 339,358 AMD shares previously valued at $54.904 million.
Other notable Atreides sell-side activities in Q4 include Intel (INTC) as the hedge fund unloaded 2,127,107 INTC shares to trim its exposure to 483,930 shares worth $17.857 million.
The hedge fund also slashed its holdings in Elon Musk’s electric vehicle maker Tesla (TSLA). Atreides sold 17,857 TSLA shares to bring its ownership down to 186,035 shares valued at $83.663 million.
And Atreides dumped 35,921 shares in Google (GOOGL), cutting its holdings to 514,339 shares worth $160.988 million.
Looking at the other side of the trade, Atreides opened $652.750 million worth of call options in the chipmaker Nvidia (NVDA). The bullish bet gives the hedge fund the right, but not the obligation, to purchase NVDA at a specific price before the contract’s expiry date.
On top of the call option, Atreides also loaded up $252 million in NVDA shares last quarter, buying 1,350,508 shares to boost its stake by 235%. At the end of Q4, the hedge fund controls 1,925,231 NVDA shares worth $359.055 million.
As of Q4 2025, Atreides is overseeing $8.18 billion in assets.
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