Windward Management LP

CIK 1880817 · View on SEC EDGAR ↗

Portfolio value
$329.5M
#4,901 of 9,443 by 13F value · top 51.9%
Positions
13
As of
June 30, 2026

Portfolio value QoQ: +153.3% 13F does not disclose cash

Top 10 holdings weight
97.75%
Top 25 holdings weight
100.00%
Positions above 1%
10
Effective number of positions
3.9

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

Turnover Q2 2026: 14.34% Est. buys $167,335,410 · sells $32,955,840

New positions
3
Increased
3
Decreased
4
Closed
2

Put-notional exposure: 45.3% puts 13F reports option positions at underlying notional value — may include hedges, not necessarily bearish bets

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Performance vs S&P 500

Tracked Q4 2025–Q2 2026
+15.6%
S&P 500 total return (same window)
+8.7%
Excess return
+6.9%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 100.0% · Options excluded: 25.3%

Sector breakdown

Retail
30.3%
Communications
10.6%
Technology
7.9%
Consumer Discretionary
3.6%
Industrials
2.2%
Other/Unmapped
45.3%

Full portfolio 13 positions

Type Streak 8Q trend
SPY SPY $149,354,000 45.33% 200,000 Put option Up ×1
GRPN Groupon, Inc. - Common Stock $56,420,700 17.13% 2,345,000 $30,125,972 Up ×2
NTGR NETGEAR, Inc. - Common Stock $31,965,123 9.70% 1,368,956 $167,961 Down ×1
GRPN Groupon, Inc. - Common Stock $22,616,400 6.86% 940,000 Call option $13,586,680 Up ×2
BNED Barnes & Noble Education, Inc Common Stock $20,808,604 6.32% 1,656,736 $5,797,604 Down ×1
TBCH Turtle Beach Corporation - Common Stock $20,019,463 6.08% 1,607,989 $3,714,455
GEO Geo Group Inc (The) REIT $7,390,455 2.24% 250,100 Call option $-11,112,312 Down ×1
PLAY Dave & Buster's Entertainment, Inc. - Common Stock $5,130,000 1.56% 450,000 Call option Up ×1
TBCH Turtle Beach Corporation - Common Stock $4,357,500 1.32% 350,000 Call option $1,822,500 Up ×1
PLAY Dave & Buster's Entertainment, Inc. - Common Stock $3,990,000 1.21% 350,000 Up ×1
NTGR NETGEAR, Inc. - Common Stock $2,925,755 0.89% 125,300 Call option $-4,718,245 Down ×1
JACK Jack In The Box Inc. - Common Stock $2,883,807 0.88% 182,404 $1,119,960
ALLT Allot Ltd. - Ordinary Shares $1,593,000 0.48% 180,000 $394,200

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
SPY $149,354,000 200,000 45.33%
PLAY $5,130,000 450,000 1.56%
PLAY $3,990,000 350,000 1.21%

Top movers (QoQ)

Security Action Shares Δ Value Δ
GRPN Bought more +135K +$30.1M
GRPN Bought more +181K +$13.6M
GEO Trimmed -851K -$11.1M
BNED Trimmed -43K +$5.8M
NTGR Trimmed -225K -$4.7M
TBCH Price move only +0 +$3.7M
TBCH Bought more +100K +$1.8M
JACK Price move only +0 +$1.1M
ALLT Price move only +0 +$394K
NTGR Trimmed -87K +$168K

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.

SecurityQuarter Shares before Value before Price since exit
CLW March 31, 2026 250,000 $4,350,000 47.9%
SEAT March 31, 2026 56,800 $409,528 17.3%