NWI MANAGEMENT LP
Long book
$3.27B
Q1 2026
Positions
49
Top-10 weight
69%
concentration
Last quarter
+19.2%
SPY +14.8%
Turnover
24%
of book per quarter
Strategy in plain words
auto-generated from filingsNWI MANAGEMENT LP is an institutional manager, running a $3.27B US long book across 49 positions.
The portfolio is concentrated: the top 10 names carry 69% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: INVESCO QQQ TRUST SERIES 1, INSMED INC, NATERA INC, NU HOLDINGS LTD/CAYMAN ISL-A, MICROSOFT CORP.
Over the last 9 quarters its long book ran on average 3.2pp per quarter ahead of the S&P 500, beating the index in 6 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+11.7%
Q2 2024
+5.7%
Q3 2024
+6.6%
Q4 2024
-9.0%
Q1 2025
+19.4%
Q2 2025
+9.1%
Q3 2025
+12.5%
Q4 2025
-5.8%
Q1 2026
+19.2%
Sector allocation
Healthcare 45%
Technology 31%
Financials 17%
Consumer discretionary 3%
Industrials 3%
Services media 0%
Communications 0%
Long book by quarter
What does NWI MANAGEMENT own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| INSM INSMED INC | Healthcare | 2.0M | $331.6M | 10.1% | +2.6% |
| NTRA NATERA INC | Healthcare | 1.5M | $305.0M | 9.3% | Held |
| NU NU HOLDINGS LTD/CAYMAN ISL-A | Financials | 12.4M | $178.2M | 5.5% | +181.7% |
| MSFT MICROSOFT CORP | Technology | 402.2K | $148.9M | 4.6% | +36.7% |
| LLY ELI LILLY & CO | Healthcare | 813.0K | $124.6M | 3.8% | +15.3% |
| META META PLATFORMS INC-CLASS A | Technology | 180.0K | $103.0M | 3.1% | +150.0% |
| IFS INTERCORP FINANCIAL SERVICES | Financials | 2.0M | $102.0M | 3.1% | Held |
| MU MICRON TECHNOLOGY INC | Technology | 288.0K | $97.3M | 3.0% | Held |
| BDX BECTON DICKINSON AND CO | Healthcare | 450.0K | $70.8M | 2.2% | New |
| GOOG ALPHABET INC-CL C | Technology | 220.0K | $63.1M | 1.9% | Held |
| AAPL APPLE INC | Technology | 192.2K | $48.8M | 1.5% | Held |
| NVDA NVIDIA CORP | Technology | 224.0K | $39.1M | 1.2% | Held |
| AMZN AMAZON.COM INC | Consumer discretionary | 174.0K | $36.2M | 1.1% | Held |
| PANW PALO ALTO NETWORKS INC | Technology | 220.0K | $35.3M | 1.1% | Held |
| LMT LOCKHEED MARTIN CORP | Industrials | 54.0K | $32.6M | 1.0% | Held |
| JPM JPMORGAN CHASE & CO | Financials | 110.0K | $32.4M | 1.0% | Held |
| WMT WALMART INC | Consumer discretionary | 240.0K | $29.8M | 0.9% | Held |
| ORCL ORACLE CORP | Technology | 200.0K | $29.4M | 0.9% | Held |
| NOC NORTHROP GRUMMAN CORP | Technology | 43.0K | $29.3M | 0.9% | New |
| FIGR FIGURE TECHNOLOGY SOLUT-CL A | Financials | 780.0K | $26.5M | 0.8% | -4.2% |
| RTX RTX CORP | Industrials | 126.0K | $24.3M | 0.7% | Held |
| NAMS NEWAMSTERDAM PHARMA CO NV | Healthcare | 702.0K | $22.5M | 0.7% | Held |
| COGT COGENT BIOSCIENCES INC | Healthcare | 483.3K | $18.6M | 0.6% | Held |
| CRWD CROWDSTRIKE HOLDINGS INC - A | Technology | 30.0K | $11.7M | 0.4% | Held |
| WAT WATERS CORP | Healthcare | 39.0K | $11.6M | 0.4% | New |
| STUB STUBHUB HOLDINGS INC-CLASS A | Services media | 1.0M | $6.2M | 0.2% | Held |
| TMUS T-MOBILE US INC | Communications | 16.0K | $3.4M | 0.1% | Held |
| TSLA TESLA INC | Industrials | 8.0K | $3.0M | 0.1% | Held |
| ALLO ALLOGENE THERAPEUTICS INC | Healthcare | 200.0K | $488K | 0.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR/ANEW HOLDINGS | Jun 1, 2026 | 52 | $1.76B | $K fixed canonical | SEC ↗ |
| Q1 2026 | 13F-HR | May 15, 2026 | 52 | $1.76B | $K fixed canonical | SEC ↗ |
| Q4 2025 | 13F-HR/ANEW HOLDINGS | Jun 1, 2026 | 57 | $2.17B | $K fixed canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 57 | $2.17B | $K fixed canonical | SEC ↗ |
| Q3 2025 | 13F-HR/ANEW HOLDINGS | Dec 5, 2025 | 66 | $1.88B | $K fixed canonical | SEC ↗ |
| Q3 2025 | 13F-HR/ARESTATEMENT | Nov 17, 2025 | 65 | $1.81B | $K fixed canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 53 | $1.7M | SEC ↗ | |
| Q2 2025 | 13F-HR/ANEW HOLDINGS | Dec 5, 2025 | 56 | $1.93B | $K fixed canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 56 | $1.90B | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 41 | $761.6M | $K fixed canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 55 | $2.27B | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 46 | $3.84B | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 41 | $2.75B | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 52 | $3.28B | $K fixed canonical | SEC ↗ |
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