NWI MANAGEMENT LP

CIK 1103887 · View on SEC EDGAR ↗

Portfolio value QoQ: +22.8% 13F does not disclose cash

Top 10 holdings weight64.56%

Top 25 holdings weight91.12%

Positions above 1%21

Effective number of positions18.7

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 21.16% Est. buys $1,028,099 · sells $414,696

Median holding: 3.0 quarters Tracked Q1 2025–Q2 2026 · 50.9% still held

New positions13

Increased11

Decreased5

Closed5

Put-notional exposure: 22.1% puts 13F reports option positions at underlying notional value — may include hedges, not necessarily bearish bets

Portfolio value $2.2M #9,013 of 9,337 by 13F value · top 96.5%

Positions 55

As of June 30, 2026 Data as of Q2 2026

Sector breakdown

Technology 21.8%

Healthcare 20.4%

Consumer Discretionary 11.2%

Communication Services 10.8%

Financials 9.0%

Industrials 2.5%

Retail 1.8%

Materials 0.1%

Utilities 0.1%

Real Estate 0.1%

Other/Unmapped 22.3%

Full portfolio 55 positions

				Type		Streak
QQQ Invesco QQQ Trust, Series 1	$220,920	10.22%	300,000	Put option		Up ×1
NTRA Natera, Inc. - Common Stock	$207,009	9.58%	762,603		$54,496
SMH SMH	$196,767	9.11%	300,000	Put option		Up ×1
MU Micron Technology, Inc. - Common Stock	$155,137	7.18%	134,400		$106,488	Down ×1
META Meta Platforms, Inc. - Class A Common Stock	$111,531	5.16%	198,000		$60,039	Up ×3
AAPL Apple Inc. - Common Stock	$108,828	5.04%	376,100		$84,439	Up ×1
INSM Insmed Incorporated - Common Stock	$108,113	5.00%	1,014,000		$-57,696
GOOG Alphabet Inc. - Class C Capital Stock	$102,466	4.74%	290,000		$70,911	Up ×1
NU Nu Holdings Ltd. Class A Ordinary Shares	$94,041	4.35%	7,039,000		$4,927	Up ×2
TSM Taiwan Semiconductor Manufacturing Company Ltd.	$90,261	4.18%	189,000		$38,555	Up ×1
XLV SELECT SECTOR SPDR TRUST	$89,643	4.15%	565,000		$85,978	Up ×1
GLD SPDR Gold Shares	$79,570	3.68%	216,000	Call option		Up ×1
EWY iShares, Inc.	$60,570	2.80%	300,000	Put option		Up ×1
IFS Intercorp Financial Services Inc. Common Shares	$57,295	2.65%	1,022,210		$6,287
NVDA NVIDIA Corporation - Common Stock	$36,817	1.70%	184,000		$17,284	Up ×1
BDX Becton, Dickinson and Company Common Stock	$34,049	1.58%	225,000		$-1,328
RVMD Revolution Medicines, Inc. - Common Stock	$33,710	1.56%	180,000			Up ×1
PANW Palo Alto Networks, Inc. - Common Stock	$30,692	1.42%	90,000		$13,057	Down ×1
RTX RTX Corporation Common Stock	$23,906	1.11%	126,000		$11,753	Up ×1
NAMS NewAmsterdam Pharma Company N.V. - Ordinary Shares	$23,791	1.10%	702,000		$1,320
MSFT Microsoft Corporation - Common Stock	$23,314	1.08%	62,500		$-51,127	Down ×1
TSLA Tesla, Inc. - Common Stock	$21,030	0.97%	50,000	Call option
AMZN Amazon.com, Inc. - Common Stock	$20,736	0.96%	87,000		$2,617
TSLA Tesla, Inc. - Common Stock	$20,609	0.95%	49,000		$19,122	Up ×1
JPM JP Morgan Chase & Co. Common Stock	$18,003	0.83%	55,000		$1,824
FIGR Figure Technology Solutions, Inc. - Class A Common Stock	$17,965	0.83%	585,000		$4,725	Up ×1
META Meta Platforms, Inc. - Class A Common Stock	$17,518	0.81%	31,100	Call option
NOC Northrop Grumman Corporation Common Stock	$15,840	0.73%	31,100		$1,172	Up ×1
ORCL Oracle Corporation Common Stock	$14,655	0.68%	100,000		$-56
LMT Lockheed Martin Corporation Common Stock	$13,755	0.64%	27,000		$-2,564
WMT Walmart Inc. - Common Stock	$13,591	0.63%	120,000		$-1,323
RSP Invesco Exchange-Traded Fund Trust	$11,490	0.53%	54,000		$1,126
CRWD CrowdStrike Holdings, Inc. - Class A Common Stock	$11,447	0.53%	15,000		$5,591
INDA iShares Trust	$10,372	0.48%	210,000		$536
ABVX Abivax SA - American Depositary Shares	$9,595	0.44%	72,000			Up ×1
COGT Cogent Biosciences, Inc. - Common Stock	$9,353	0.43%	241,671		$51
WAT Waters Corporation Common Stock	$7,309	0.34%	19,489		$1,505
GGAL Grupo Financiero Galicia S.A. - American Depositary Shares, Class B Shares underlying	$4,969	0.23%	99,312		$330
AZN AstraZeneca PLC - American Depositary Shares	$4,740	0.22%	25,000			Up ×1
BABA Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share	$4,319	0.20%	45,000		$-1,327
SLV iShares Silver Trust	$3,476	0.16%	65,000		$-953
NEM Newmont Corporation	$2,102	0.10%	22,500			Up ×1
VST Vistra Corp. Common Stock	$1,999	0.09%	12,600			Up ×1
SMH SMH	$1,968	0.09%	3,000		$818
JLL Jones Lang LaSalle Incorporated Common Stock	$1,953	0.09%	6,300			Up ×1
MCD McDonald's Corporation Common Stock	$1,946	0.09%	7,200			Up ×1
GLD SPDR Gold Shares	$1,842	0.09%	5,000		$-309
EWY iShares, Inc.	$1,817	0.08%	9,000		$710
LLY Eli Lilly and Company Common Stock	$1,799	0.08%	1,500		$-49,248	Down ×1
TEVA Teva Pharmaceutical Industries Limited American Depositary Shares	$1,355	0.06%	40,000		$-60,843	Down ×1
TMUS T-Mobile US, Inc. - Common Stock	$1,342	0.06%	8,000		$-338
BBAR Banco BBVA Argentina S.A. ADS	$1,235	0.06%	63,000		$223
ETHA iShares Ethereum Trust ETF	$1,177	0.05%	99,000		$-390
ARGT Global X Funds	$813	0.04%	8,900		$-18
ALLO Allogene Therapeutics, Inc. - Common Stock	$208	0.01%	100,000		$-36
No matches

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security	Value	% of portfolio	Streak
META	$111,531	5.16%	up ×3

Biggest new bets

New positions opened this quarter, largest first.

Security	Value	Shares	% of portfolio
QQQ	$220,920	300,000	10.22%
SMH	$196,767	300,000	9.11%
GLD	$79,570	216,000	3.68%
EWY	$60,570	300,000	2.80%
RVMD	$33,710	180,000	1.56%
TSLA	$21,030	50,000	0.97%
META	$17,518	31,100	0.81%
ABVX	$9,595	72,000	0.44%
AZN	$4,740	25,000	0.22%
NEM	$2,102	22,500	0.10%
VST	$1,999	12,600	0.09%
JLL	$1,953	6,300	0.09%
MCD	$1,946	7,200	0.09%

Top movers (QoQ)

Security	Action	Shares Δ	Value Δ
MU	Trimmed	-10K	+$106K
AAPL	Bought more	+280K	+$84K
GOOG	Bought more	+180K	+$71K
META	Bought more	+108K	+$60K
INSM	Price move only	+0	-$58K
NTRA	Price move only	+0	+$54K
MSFT	Trimmed	-139K	-$51K
TSM	Bought more	+36K	+$39K
NVDA	Bought more	+72K	+$17K
PANW	Trimmed	-20K	+$13K

4 positions hidden — reported move looks larger than the position itself (data completeness check)

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

Security	Quarter	Shares before	Value before	Price since exit
IWM	Dec. 31, 2025	1,000,000	$241,960	14.5%
EWZ	June 30, 2026	3,860,000	$148,185
MELI	March 31, 2026	67,500	$135,963	-1.9%
IBIT	Dec. 31, 2025	2,000,000	$130,000
ASHR	March 31, 2026	2,500,000	$82,125
FCX	March 31, 2026	999,300	$50,754	22.6%
COHR	Sept. 30, 2025	450,000	$40,144	212.9%
AMZN	June 30, 2025	180,000	$34,247	14.6%
ARM	June 30, 2026	206,730	$31,274	-13.3%
AVGO	March 31, 2026	81,000	$28,034	14.7%
YPF	March 31, 2026	726,875	$26,283	7.5%
KWEB	June 30, 2026	900,000	$25,587
FLR	March 31, 2026	500,000	$19,815	7.0%
DOCU	Dec. 31, 2025	256,200	$18,469	0.9%
VRNA	Dec. 31, 2025	135,000	$14,406	No longer tracked
AMD	Sept. 30, 2025	90,000	$12,771	291.8%
ET	Sept. 30, 2025	673,800	$12,216	19.3%
WDAY	March 31, 2026	45,000	$9,665	43.3%
AVGO	Sept. 30, 2025	23,000	$6,340	7.6%
CVNA	Sept. 30, 2025	15,000	$5,054	-83.1%
APP	Sept. 30, 2025	14,400	$5,041	-62.7%
ALTS	Dec. 31, 2025	1,800,000	$4,842	No longer tracked
PYPL	March 31, 2026	70,300	$4,104	16.7%
MRVL	Dec. 31, 2025	45,000	$3,783	220.4%
KORU	June 30, 2026	12,552	$3,566	-44.7%
NET	March 31, 2026	18,000	$3,549	69.2%
STUB	June 30, 2026	500,000	$3,120	-58.0%
XLE	Dec. 31, 2025	16,000	$1,429	40.5%
XLF	Dec. 31, 2025	26,000	$1,401	-2.3%
IWM	June 30, 2025	5,000	$997	30.7%
IBB	Dec. 31, 2025	6,500	$938	21.6%
OXY	Dec. 31, 2025	15,000	$709	41.2%
XMTR	Dec. 31, 2025	5,000	$272	72.4%
ACM	Dec. 31, 2025	2,000	$261	-37.4%
ZM	Dec. 31, 2025	3,000	$248	7.6%
ZBRA	Dec. 31, 2025	825	$245	54.8%
EWZ	June 30, 2025	4,500	$116