Gavin Baker

Gavin Baker is an American investor who founded the Boston investment manager Atreides Management Atreides ManagementAtreides Management (Atreides Management, LP) is an investment management firm based in Boston, founded in 2019 by former Fidelity portfolio manager Gavin Baker. It follows a crossover strategy, investing in high-growth technology and consumer companies in both public and private markets.Open the full entry in 2019 and serves as its managing partner and chief investment officer. He worked at Fidelity Investments Fidelity InvestmentsFidelity Investments is a privately held financial services group headquartered in Boston, United States, with FMR LLC as its parent company. Founded in 1946 by Edward Johnson 2d, it operates in mutual fund and ETF asset management, brokerage and wealth management, workplace retirement plans and digital assets. Controlled by the Johnson family for three generations, it had $7.1 trillion in managed assets and $18 trillion in assets under administration at the end of 2025.Open the full entry from 1999 to 2017 and managed the Fidelity OTC Portfolio from 2009 to 2017.

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Key facts

1999–2017Fidelity Investments

A Dartmouth College Dartmouth CollegeDartmouth College is a private institution of higher education in Hanover, New Hampshire, and a member of the Ivy League. Founded by Eleazar Wheelock, it received a royal charter on December 13, 1769. The 1819 Supreme Court ruling in Dartmouth College v. Woodward preserved its private status. Alongside undergraduate liberal arts education, Dartmouth includes the Geisel, Thayer, Tuck and Guarini schools. It enrolled 7,273 students in fall 2025 and held a $9 billion endowment at June 30, 2025. Sian Leah Beilock, in office since June 2023, remained president as of October 2026.Open the full entry graduate, Baker joined Fidelity Investments as an analyst in 1999, went on to manage several sector funds, ran the Fidelity OTC Portfolio from 2009 to 2017, and helped lead the firm’s venture capital investing from 2013 to 2017.⁠[1]

Baker left Fidelity in 2017. The OTC Portfolio then held about $12.66 billion, and Sonu Kalra became its lead manager on September 18, with Chris Lin as co-manager.⁠[2]

2019Founding of Atreides Management

Baker founded Atreides Management in 2019 and serves as its managing partner and chief investment officer, overseeing investments, research and day-to-day portfolio management.⁠[3]

The Boston-based firm invests in high-growth technology and consumer companies in public and private markets.⁠[4]

June 2026Remarks on SpaceX and Compute Costs on TBPN

On June 15, 2026, after the SpaceX SpaceXSpaceX is a company founded by Elon Musk in 2002 whose businesses include space transportation, Starlink satellite communications and artificial intelligence. It went public in 2026 under the ticker SPCX.Open the full entry IPO, Baker said on the technology show TBPN that SpaceX would probably be the most important company of his lifetime. He estimated that bringing a gigawatt of compute online on Earth costs about $60 billion, about $25 billion of it for power and cooling, which he said space does not require.⁠[5]