NWI MANAGEMENT LP

Registered adviser

CIK

1103887

Location

NEW YORK, NY

Portfolio Value

Mid $2,161,685,536

Diversification

Diversified

Filing Date

Global Rank

#1,520 / 8,819 ▲ 60

Top Industry

Semiconductors 19.1%

Period ended 4 months ago

Filed Aug 14, 2026 · 3mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 158366

Roster of Oct 1, 2026

Regulatory AUM

$3,953,698,177

Main clients

Pooled investment vehicles (100% of AUM)

Private funds

3 funds · Hedge funds

Focus by fund count, roster of Oct 1, 2026

$5,595,242,862 gross assets

LEI

549300JES2JIL6B78J73

Private funds on Schedule D 7.B.(1)

As filed Apr 30, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$3,649,449,827 gross assets in 4 funds Hedge funds $3,649,449,827 (4)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Jul 2026 to Oct 2026	$3,953,698,177	Pooled investment vehicles (100%)
Apr 2026 to Jun 2026	$3,953,698,177	Pooled investment vehicles (100%)
Apr 2025 to Mar 2026	$3,139,679,793	Pooled investment vehicles (100%)
Apr 2024 to Mar 2025	$2,539,093,052	Pooled investment vehicles (100%)
May 2023 to Mar 2024	$2,606,614,315	Pooled investment vehicles (100%)
Apr 2023	$2,606,614,315	Pooled investment vehicles (100%)

4 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 71.9% of the book (60%+)

Turnover

Medium turnover

73.7% over the last four quarters (30% to under 100%)

Horizon

Long horizon

Value-weighted holding period 13.6 quarters (12+), a floor since 31.1% of the book was already held when coverage starts

Closest benchmark: the Nasdaq-100 as of 2026-06-30, active share 69.4%; sector active share 28.1% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

50 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

10.2%

−10.0 pts

Top 5

42.1%

−10.8 pts

Top 10

65.4%

−5.8 pts

HHI

549

Diversified−250

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	31.5%	$680,423,359	10
Technology	21.8%	$471,149,812	8
Healthcare	20.4%	$441,031,080	12
Communication Services	10.8%	$232,857,279	3
Financial Services	9.0%	$194,438,630	6
Consumer Cyclical	3.2%	$68,640,312	4
Industrials	2.5%	$53,500,941	3
Consumer Defensive	0.6%	$13,591,200	1
Basic Materials	0.1%	$2,101,500	1
Utilities	0.1%	$1,998,738	1
Real Estate	0.1%	$1,952,685	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

11 positions

Ticker	Company	Δ Shares	Shares	Value
NU	Nu Holdings Ltd.	+837,600	7,039,000	$94,041,040
XLV	State Street(R) Health Care Select Sector SPDR(R) ETF	+540,000	565,000	$89,642,900
AAPL	Apple Inc.	+280,000	376,100	$108,828,296
FIGR	Figure Technology Solutions, Inc.	+195,000	585,000	$17,965,350
GOOG	Alphabet Inc.	+180,000	290,000	$102,465,700
META	Meta Platforms, Inc.	+108,000	198,000	$111,531,420
NVDA	Nvidia Corp	+72,000	184,000	$36,816,560
RTX	RTX Corp	+63,000	126,000	$23,905,980
TSLA	Tesla, Inc.	+45,000	49,000	$20,609,400
TSM	Taiwan Semiconductor Manufacturing Co Ltd	+36,000	189,000	$90,260,730
NOC	Northrop Grumman Corp	+9,600	31,100	$15,839,541
No positions match the current search.

Trimmed

Positions the filer reduced

5 positions

Ticker	Company	Δ Shares	Shares	Value
TEVA	Teva Pharmaceutical Industries Ltd	−2,025,000	40,000	$1,355,200
MSFT	Microsoft Corp	−138,600	62,500	$23,313,750
LLY	ELI LILLY & Co	−54,000	1,500	$1,799,145
PANW	Palo Alto Networks Inc	−20,000	90,000	$30,691,800
MU	Micron Technology Inc	−9,600	134,400	$155,136,576
No positions match the current search.

New Positions

Positions the filer opened this quarter

7 positions

Ticker	Company	Shares	Value
RVMD	Revolution Medicines, Inc.	180,000	$33,710,400
ABVX	Abivax S.A.	72,000	$9,594,720
AZN	Astrazeneca PLC	25,000	$4,740,500
NEM	NEWMONT Corp	22,500	$2,101,500
VST	Vistra Corp.	12,600	$1,998,738
JLL	Jones Lang Lasalle Inc	6,300	$1,952,685
MCD	Mcdonalds Corp	7,200	$1,946,232
No positions match the current search.

Sold Out

Positions the filer fully exited

6 positions

Ticker	Company	Shares	Value
QQQ	Invesco Qqq Trust, Series 1	614,700	$354,792,546
EWZ	iShares MSCI Brazil ETF	1,860,000	$71,405,400
ARM	Arm Holdings PLC	206,730	$31,274,114
—		900,000	$25,587,000
KORU	Direxion Daily MSCI South Korea Bull 3X Shares	12,552	$3,566,274
STUB	StubHub Holdings, Inc.	500,000	$3,120,000
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

50 tracked positions · $2,161,685,536 total · filing declares 55 positions · $2,160,759 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Financial Services Healthcare Industrials Real Estate Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
QQQ	Invesco Qqq Trust, Series 1 PUT	Reduced	300,000	-314,700	$220,920,000	−37.7%	—	—	10.22%
NTRA	Natera, Inc. Healthcare	Held	762,603	0	$207,008,584	+35.7%	9	$127.00	9.58%
SMH	VanEck Semiconductor ETF PUT + SHARES	Added	303,000	+300,000	$198,734,670	+17178.3%	9	unpriced	9.19%
MU	Micron Technology Inc Technology	Reduced	134,400	-9,600	$155,136,576	+218.9%	26+	before history	7.18%
META	Meta Platforms, Inc. CALL + SHARES Communication Services	Added	229,100	+139,100	$129,049,739	+150.6%	26+	before history	5.97%
AAPL	Apple Inc. Technology	Added	376,100	+280,000	$108,828,296	+346.2%	10	$262.83	5.03%
INSM	INSMED Inc Healthcare	Held	1,014,000	0	$108,112,680	−34.8%	8	$90.63	5.00%
GOOG	Alphabet Inc. Communication Services	Added	290,000	+180,000	$102,465,700	+224.7%	26+	before history	4.74%
NU	Nu Holdings Ltd. Financial Services	Reduced	7,039,000	-162,400	$94,041,040	−9.1%	5	$14.87	4.35%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Added	189,000	+36,000	$90,260,730	+74.6%	3	$314.82	4.18%
XLV	State Street(R) Health Care Select Sector SPDR(R) ETF	Added	565,000	+540,000	$89,642,900	+2345.8%	12	unpriced	4.15%
GLD	Spdr Gold Trust CALL + SHARES	Added	221,000	+216,000	$81,411,980	+3684.1%	11	$183.27	3.77%
EWY	iShares Trust PUT + SHARES	Added	309,000	+300,000	$62,387,100	—	2	unpriced	2.89%
IFS	Intercorp Financial Services Inc. Financial Services	Held	1,022,210	0	$58,225,081	+13.5%	26+	before history	2.69%
TSLA	Tesla, Inc. CALL + SHARES Consumer Cyclical	Added	99,000	+95,000	$41,639,400	+2700.2%	19	$388.29	1.93%
NVDA	Nvidia Corp Technology	Added	184,000	+72,000	$36,816,560	+88.5%	19	$157.18	1.70%
BDX	Becton Dickinson & Co Healthcare	Held	225,000	0	$34,049,250	−3.8%	2	unpriced	1.58%
RVMD	Revolution Medicines, Inc. Healthcare	NEW	180,000	NEW	$33,710,400	NEW	1	$146.07	1.56%
PANW	Palo Alto Networks Inc Technology	Reduced	90,000	-20,000	$30,691,800	+74.0%	26+	before history	1.42%
RTX	RTX Corp Industrials	Added	126,000	+63,000	$23,905,980	+96.7%	4	$169.31	1.11%
NAMS	NewAmsterdam Pharma Co N.V. Healthcare	Held	702,000	0	$23,790,780	+5.9%	3	$36.39	1.10%
MSFT	Microsoft Corp Technology	Reduced	62,500	-228,600	$23,313,750	−78.4%	26+	before history	1.08%
AMZN	Amazon Com Inc Consumer Cyclical	Held	87,000	0	$20,735,580	+14.4%	4	$227.91	0.96%
JPM	Jpmorgan Chase & Co Financial Services	Held	55,000	0	$18,003,150	+11.3%	25	$94.88	0.83%
FIGR	Figure Technology Solutions, Inc. Financial Services	Added	585,000	+195,000	$17,965,350	+35.7%	4	unpriced	0.83%
NOC	Northrop Grumman Corp Industrials	Added	31,100	+9,600	$15,839,541	+8.0%	2	$656.02	0.73%
ORCL	Oracle Corp Technology	Held	100,000	0	$14,655,000	−0.4%	3	$238.10	0.68%
LMT	Lockheed Martin Corp Industrials	Held	27,000	0	$13,755,420	−15.7%	4	$453.72	0.64%
WMT	Walmart Inc. Consumer Defensive	Held	120,000	0	$13,591,200	−8.9%	24	$44.46	0.63%
RSP	Victory Portfolios II	Held	54,000	0	$11,489,580	+10.9%	3	$189.83	0.53%
CRWD	CrowdStrike Holdings, Inc. Technology	Held	15,000	0	$11,447,100	+95.5%	10	$306.18	0.53%
INDA	iShares MSCI India ETF	Held	210,000	0	$10,371,900	+5.4%	11	unpriced	0.48%
ABVX	Abivax S.A. Healthcare	NEW	72,000	NEW	$9,594,720	NEW	1	$113.18	0.44%
COGT	Cogent Biosciences, Inc. Healthcare	Held	241,671	0	$9,352,667	+0.5%	3	$28.11	0.43%
WAT	Waters Corp Healthcare	Held	19,489	0	$7,309,154	+25.9%	2	$342.13	0.34%
GGAL	Grupo Financiero Galicia SA Financial Services	Held	99,312	0	$4,968,579	+7.1%	8	$54.45	0.23%
AZN	Astrazeneca PLC Healthcare	NEW	25,000	NEW	$4,740,500	NEW	1	$188.09	0.22%
BABA	Alibaba Group Holding Ltd Consumer Cyclical	Held	45,000	0	$4,319,100	−23.5%	26+	before history	0.20%
SLV	iShares Silver Trust	Held	65,000	0	$3,475,550	−21.5%	24	$46.14	0.16%
NEM	NEWMONT Corp Basic Materials	NEW	22,500	NEW	$2,101,500	NEW	1	$108.93	0.10%
VST	Vistra Corp. Utilities	NEW	12,600	NEW	$1,998,738	NEW	1	$155.14	0.09%
JLL	Jones Lang Lasalle Inc Real Estate	NEW	6,300	NEW	$1,952,685	NEW	1	$310.75	0.09%
MCD	Mcdonalds Corp Consumer Cyclical	NEW	7,200	NEW	$1,946,232	NEW	1	$286.75	0.09%
LLY	ELI LILLY & Co Healthcare	Reduced	1,500	-54,000	$1,799,145	−96.5%	7	$1,007.48	0.08%
TEVA	Teva Pharmaceutical Industries Ltd Healthcare	Reduced	40,000	-2,025,000	$1,355,200	−97.8%	7	$17.64	0.06%
TMUS	T-Mobile US, Inc. Communication Services	Held	8,000	0	$1,341,840	−20.1%	26+	before history	0.06%
BBAR	Banco BBVA Argentina S.A. Financial Services	Held	63,000	0	$1,235,430	+22.1%	6	$20.36	0.06%
ETHA	iShares Ethereum Trust ETF	Held	99,000	0	$1,177,109	−24.9%	3	$26.15	0.05%
ARGT	Global X MSCI Argentina ETF	Held	8,900	0	$812,570	−2.2%	8	unpriced	0.04%
ALLO	Allogene Therapeutics, Inc. Healthcare	Held	100,000	0	$208,000	−14.8%	5	$1.33	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.