NWI MANAGEMENT LP
CIK
1103887
Location
NEW YORK, NY
Portfolio Value
Mid
$2,164,360,007
Diversification
Moderately concentrated
Filing Date
Global Rank
#1,145
/ 8,623
▼ 136
· as of Mar 2026
Top Industry
Drug Manufacturers - General
38.7%
3Y Alpha vs SPY
+8.7%
Period ended 4 months ago
Filed Jun 1, 2026 · 59d
25 quarters · since Mar 2020
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.
Not a measure of this manager's performance.
Most of NWI MANAGEMENT LP's reported book is option positions, which a stock-only clone
cannot replicate. The figures below are the return of the
84% that is ordinary stock — as little as
20% in one quarter — so a manager whose options
thesis lost money can still show a large gain here.
Cloned portfolio
+104.9%
SPY
+65.3%
Annualised alpha
+8.8%
Max drawdown
−26.4%
Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 84% of reported value on average across 13 quarters. Past performance does not predict future results.
Portfolio Concentration
38 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
32.2%
+4.4 pts
Top 5
68.3%
+6.5 pts
Top 10
83.1%
+1.6 pts
HHI
1,504
Moderately concentrated+282
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Healthcare | 53.2% | $1,150,443,338 |
| Unclassified | 16.8% | $362,940,266 |
| Technology | 14.9% | $321,510,280 |
| Financial Services | 8.8% | $189,869,003 |
| Communication Services | 2.6% | $56,291,940 |
| Industrials | 2.0% | $43,139,390 |
| Consumer Cyclical | 1.2% | $25,252,190 |
| Consumer Defensive | 0.7% | $14,913,600 |
Last Quarter's Activity
Export CSVTrimmed
Positions the filer reduced
7 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| NU | Nu Holdings Ltd. | −2,000,000 | 7,201,400 | $103,484,118 | |
| AMZN | Amazon Com Inc | −480,000 | 87,000 | $18,119,490 | |
| NTRA | Natera, Inc. | −67,700 | 762,603 | $152,512,973 | |
| SLV | iShares Silver Trust | −60,000 | 65,000 | $4,429,100 | |
| QQQ | Invesco Qqq Trust, Series 1 | −40,500 | 614,700 | $354,792,546 | |
| MSFT | Microsoft Corp | −36,000 | 291,100 | $107,756,487 | |
| FIGR | Figure Technology Solutions, Inc. | −17,044 | 390,000 | $13,240,500 | |
| No positions match the current search. | |||||
Sold Out
Positions the filer fully exited
8 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| MELI | Mercadolibre Inc | 67,500 | $135,962,550 | |
| FCX | Freeport-Mcmoran Inc | 999,300 | $50,754,447 | |
| AVGO | Broadcom Inc. | 81,000 | $28,034,100 | |
| YPF | Ypf Sociedad Anonima | 726,875 | $26,283,800 | |
| FLR | Fluor Corp | 500,000 | $19,815,000 | |
| WDAY | Workday, Inc. | 45,000 | $9,665,100 | |
| PYPL | PayPal Holdings, Inc. | 70,300 | $4,104,114 | |
| NET | Cloudflare, Inc. | 18,000 | $3,548,700 | |
| No positions match the current search. | ||||
38 tracked positions ·
$2,164,360,007 total
· as of Mar 31, 2026
All sectors
Communication Services
Consumer Cyclical
Consumer Defensive
Financial Services
Healthcare
Industrials
Technology
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| LLY |
ELI LILLY & Co
Healthcare
|
Added | 757,500 | $696,725,775 | 32.19% | |
| QQQ |
Invesco Qqq Trust, Series 1
|
Reduced | 614,700 | $354,792,546 | 16.39% | |
| INSM |
INSMED Inc
Healthcare
|
Added | 1,014,000 | $165,809,280 | 7.66% | |
| NTRA |
Natera, Inc.
Healthcare
|
Reduced | 762,603 | $152,512,973 | 7.05% | |
| MSFT |
Microsoft Corp
CALL
+ SHARES
Technology
|
Reduced | 291,100 | $107,756,487 | 4.98% | |
| NU |
Nu Holdings Ltd.
CALL
+ SHARES
Financial Services
|
Reduced | 7,201,400 | $103,484,118 | 4.78% | |
| TEVA |
Teva Pharmaceutical Industries Ltd
Healthcare
|
Held | 2,065,000 | $62,197,800 | 2.87% | |
| TSM |
Taiwan Semiconductor Manufacturing Co Ltd
Technology
|
Held | 153,000 | $51,706,350 | 2.39% | |
| META |
Meta Platforms, Inc.
Communication Services
|
Added | 90,000 | $51,491,700 | 2.38% | |
| IFS |
Intercorp Financial Services Inc.
Financial Services
|
Held | 1,022,210 | $51,314,942 | 2.37% | |
| MU |
Micron Technology Inc
Technology
|
Held | 144,000 | $48,648,960 | 2.25% | |
| BDX |
Becton Dickinson & Co
Healthcare
|
NEW | 225,000 | $35,376,750 | 1.63% | |
| ARM |
Arm Holdings PLC /Uk
Technology
|
Held | 206,730 | $31,274,114 | 1.44% | |
| AAPL |
Apple Inc.
Technology
|
Held | 96,100 | $24,389,219 | 1.13% | |
| NAMS |
NewAmsterdam Pharma Co N.V.
Healthcare
|
Held | 702,000 | $22,471,020 | 1.04% | |
| NVDA |
Nvidia Corp
Technology
|
Held | 112,000 | $19,532,800 | 0.90% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Reduced | 87,000 | $18,119,490 | 0.84% | |
| PANW |
Palo Alto Networks Inc
Technology
|
Held | 110,000 | $17,635,200 | 0.81% | |
| LMT |
Lockheed Martin Corp
Industrials
|
Held | 27,000 | $16,318,530 | 0.75% | |
| JPM |
Jpmorgan Chase & Co
Financial Services
|
Held | 55,000 | $16,178,800 | 0.75% | |
| WMT |
Walmart Inc.
Consumer Defensive
|
Held | 120,000 | $14,913,600 | 0.69% | |
| ORCL |
Oracle Corp
Technology
|
Held | 100,000 | $14,711,000 | 0.68% | |
| NOC |
Northrop Grumman Corp /De/
Industrials
|
NEW | 21,500 | $14,668,160 | 0.68% | |
| FIGR |
Figure Technology Solutions, Inc.
Financial Services
|
Reduced | 390,000 | $13,240,500 | 0.61% | |
| RTX |
RTX Corp
Industrials
|
Held | 63,000 | $12,152,700 | 0.56% | |
| COGT |
Cogent Biosciences, Inc.
Healthcare
|
Held | 241,671 | $9,301,916 | 0.43% | |
| CRWD |
CrowdStrike Holdings, Inc.
Technology
|
Held | 15,000 | $5,856,150 | 0.27% | |
| WAT |
Waters Corp /De/
Healthcare
|
NEW | 19,489 | $5,803,824 | 0.27% | |
| BABA |
Alibaba Group Holding Ltd
Consumer Cyclical
|
Held | 45,000 | $5,645,700 | 0.26% | |
| GGAL |
Grupo Financiero Galicia SA
Financial Services
|
Held | 99,312 | $4,638,863 | 0.21% | |
| SLV |
iShares Silver Trust
|
Reduced | 65,000 | $4,429,100 | 0.20% | |
| STUB |
StubHub Holdings, Inc.
Communication Services
|
Held | 500,000 | $3,120,000 | 0.14% | |
| GLD |
Spdr Gold Trust
|
Held | 5,000 | $2,151,450 | 0.10% | |
| TMUS |
T-Mobile US, Inc.
Communication Services
|
Held | 8,000 | $1,680,240 | 0.08% | |
| ETHA |
iShares Ethereum Trust ETF
|
Held | 99,000 | $1,567,170 | 0.07% | |
| TSLA |
Tesla, Inc.
Consumer Cyclical
|
Held | 4,000 | $1,487,000 | 0.07% | |
| BBAR |
Banco BBVA Argentina S.A.
Financial Services
|
Held | 63,000 | $1,011,780 | 0.05% | |
| ALLO |
Allogene Therapeutics, Inc.
Healthcare
|
Held | 100,000 | $244,000 | 0.01% |
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.