Atreides Management, LP Reports 5.6% Stake in ACV Auctions Inc. (ACVA)

On May 15, 2026, Atreides Management, LP filed a Schedule 13G/A with the SEC, reporting a 5.6% ownership stake in ACV Auctions Inc. (ACVA). The filing indicates that Atreides Management, LP, acting as the investment manager for various funds and accounts, beneficially owns 9,734,467 shares of Common Stock. This position is held jointly with Atreides Management, LLC (the general partner) and Gavin Baker (the managing member). According to the provided data, this represents a significant increase from a previous reported position of zero shares. The shares are held by the Atreides Foundation Master Fund LP, certain separately managed accounts, and Gavin Baker individually. The reporting persons have certified that these shares were acquired in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer. The ownership percentage was calculated based on 174,071,580 shares of Common Stock outstanding as of February 16, 2026.