Windward Management LP

Fundamental diversified ★Signal CIK 1880817
Long book
$92.4M
Q1 2026
Positions
6
Top-10 weight
100%
concentration
Last quarter
+44.4%
SPY +14.8%
Turnover
25%
of book per quarter

Strategy in plain words

auto-generated from filings

Windward Management LP is a diversified fundamental manager, running a $92.4M US long book across 6 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: NETGEAR INC, GROUPON INC, TURTLE BEACH CORP, BARNES & NOBLE EDUCATION INC, JACK IN THE BOX INC.

We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q4 2025
-19.7%
Q1 2026
+44.4%

Sector allocation

Technology
53%
Services media
28%
Consumer discretionary
18%

Long book by quarter

$132.1M
Q4 2025
$92.4M
Q1 2026

What does Windward Management own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
NTGR NETGEAR INCTechnology1.5M$31.8M34.4%+0.7%
GRPN GROUPON INCServices media2.2M$26.3M28.5%+14.0%
TBCH TURTLE BEACH CORPTechnology1.6M$16.3M17.7%-6.3%
BNED BARNES & NOBLE EDUCATION INCConsumer discretionary1.7M$15.0M16.3%Held
JACK JACK IN THE BOX INCConsumer discretionary182.4K$1.8M1.9%-53.3%
ALLT ALLOT LTDTechnology180.0K$1.2M1.3%-16.8%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202610$130.1M canonicalSEC ↗
Q4 202513F-HRFeb 17, 202612$170.5M canonicalSEC ↗