NWI MANAGEMENT LP

NEW YORK, NY · CIK 1103887 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2012 · limited partnership

Assets managed$4.0bn
Staff13 · 4 in investment roles
Main clients (by assets)Private funds 100%
Private funds3 (3 hedge) · $5.6bn gross assets
Form ADV · 2026-06-02SEC adviser record

Legal entityNWI MANAGEMENT, LP (US)

Kindhedge funds, futures
Others nearbyNew York, NY

As an employer

Offices in1 country
Private fundshedge 3

$1.6bn reported value -52.2% vs Q1 2026

49positions

71.9%in top 10

7 new 5 added 35 reduced 7 sold out vs Q1 2026

Options: 3 call positions ($118.1m notional), 3 put positions ($478.3m notional) – listed below, not included above.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	NATERA INC COM NTRA	NTRA	762,603	$207.0m13.23%	13.23%	Reduced -762.6k	-762,603 -50.0%
2	MICRON TECHNOLOGY INC COM MU	MU	134,400	$155.1m9.92%	9.92%	Reduced -153.6k	-153,600 -53.3%
3	META PLATFORMS INC CL A META	META	198,000	$111.5m7.13%	7.13%	Added +18.0k	+18,000 10.0%
4	APPLE INC COM AAPL	AAPL	376,100	$108.8m6.96%	6.96%	Added +183.9k	+183,900 95.7%
5	INSMED INC COM PAR $.01 INSM	INSM	1,014,000	$108.1m6.91%	6.91%	Reduced -1.0m	-1,014,000 -50.0%
6	ALPHABET INC CAP STK CL C GOOG	GOOG	290,000	$102.5m6.55%	6.55%	Added +70.0k	+70,000 31.8%
7	NU HLDGS LTD ORD SHS CL A NU	NU	7,039,000	$94.0m6.01%	6.01%	Reduced -5.4m	-5,363,800 -43.2%
8	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	189,000	$90.3m5.77%	5.77%	Reduced -117.0k	-117,000 -38.2%
9	SELECT SECTOR SPDR TR SBI HEALTHCARE XLV	XLV	565,000	$89.6m5.73%	5.73%	Added +515.0k	+515,000 1030.0%
10	INTERCORP FINL SVCS INC SHS IFS	IFS	1,022,210	$57.3m3.66%	3.66%	Reduced -1.0m	-1,022,210 -50.0%
11	NVIDIA CORPORATION COM NVDA	NVDA	184,000	$36.8m2.35%	2.35%	Reduced -40.0k	-40,000 -17.9%
12	BECTON DICKINSON & CO COM BDX	BDX	225,000	$34.0m2.18%	2.18%	Reduced -225.0k	-225,000 -50.0%
13	REVOLUTION MEDICINES INC COM RVMD	RVMD	180,000	$33.7m2.15%	2.15%	New
14	PALO ALTO NETWORKS INC COM PANW	PANW	90,000	$30.7m1.96%	1.96%	Reduced -130.0k	-130,000 -59.1%
15	RTX CORPORATION COM RTX	RTX	126,000	$23.9m1.53%	1.53%	Unchanged
16	NEWAMSTERDAM PHARMA COMPANY ORDINARY SHARES NAMS	NAMS	702,000	$23.8m1.52%	1.52%	Unchanged
17	MICROSOFT CORP COM MSFT	MSFT	62,500	$23.3m1.49%	1.49%	Reduced -339.7k	-339,700 -84.5%
18	AMAZON COM INC COM AMZN	AMZN	87,000	$20.7m1.33%	1.33%	Reduced -87.0k	-87,000 -50.0%
19	TESLA INC COM TSLA	TSLA	49,000	$20.6m1.32%	1.32%	Added +41.0k	+41,000 512.5%
20	JPMORGAN CHASE & CO COM JPM	JPM	55,000	$18.0m1.15%	1.15%	Reduced -55.0k	-55,000 -50.0%
21	FIGURE TECHNOLOGY SOLUTIO COM CL A FIGR	FIGR	585,000	$18.0m1.15%	1.15%	Reduced -195.0k	-195,000 -25.0%
22	NORTHROP GRUMMAN CORP COM NOC	NOC	31,100	$15.8m1.01%	1.01%	Reduced -11.9k	-11,900 -27.7%
23	ORACLE CORP COM ORCL	ORCL	100,000	$14.7m0.94%	0.94%	Reduced -100.0k	-100,000 -50.0%
24	LOCKHEED MARTIN CORP COM LMT	LMT	27,000	$13.8m0.88%	0.88%	Reduced -27.0k	-27,000 -50.0%
25	WALMART INC COM WMT	WMT	120,000	$13.6m0.87%	0.87%	Reduced -120.0k	-120,000 -50.0%
26	INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT RSP	RSP	54,000	$11.5m0.73%	0.73%	Reduced -54.0k	-54,000 -50.0%
27	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	15,000	$11.4m0.73%	0.73%	Reduced -15.0k	-15,000 -50.0%
28	ISHARES TR MSCI INDIA ETF INDA	INDA	210,000	$10.4m0.66%	0.66%	Reduced -210.0k	-210,000 -50.0%
29	ABIVAX SA SPONSORED ADS ABVX	ABVX	72,000	$9.6m0.61%	0.61%	New
30	COGENT BIOSCIENCES INC COM COGT	COGT	241,671	$9.4m0.60%	0.60%	Reduced -241.7k	-241,671 -50.0%
31	WATERS CORP COM WAT	WAT	19,489	$7.3m0.47%	0.47%	Reduced -19.5k	-19,489 -50.0%
32	GRUPO FINANCIERO GALICIA S.A SPONSORED ADR GGAL	GGAL	99,312	$5.0m0.32%	0.32%	Reduced -99.3k	-99,312 -50.0%
33	ASTRAZENECA PLC ORD AZN	AZN	25,000	$4.7m0.30%	0.30%	New
34	ALIBABA GROUP HLDG LTD SPONSORED ADS BABA	BABA	45,000	$4.3m0.28%	0.28%	Reduced -45.0k	-45,000 -50.0%
35	ISHARES SILVER TR ISHARES SLV	SLV	65,000	$3.5m0.22%	0.22%	Reduced -65.0k	-65,000 -50.0%
36	NEWMONT CORP COM NEM	NEM	22,500	$2.1m0.13%	0.13%	New
37	VISTRA CORP COM VST	VST	12,600	$2.0m0.13%	0.13%	New
38	VANECK ETF TRUST SEMICONDUCTR ETF SMH	SMH	3,000	$2.0m0.13%	0.13%	Reduced -3.0k	-3,000 -50.0%
39	JONES LANG LASALLE INC COM JLL	JLL	6,300	$2.0m0.12%	0.12%	New
40	MCDONALDS CORP COM MCD	MCD	7,200	$1.9m0.12%	0.12%	New
41	SPDR GOLD TR GOLD SHS GLD	GLD	5,000	$1.8m0.12%	0.12%	Reduced -5.0k	-5,000 -50.0%
42	ISHARES INC MSCI STH KOR ETF EWY	EWY	9,000	$1.8m0.12%	0.12%	Reduced -9.0k	-9,000 -50.0%
43	ELI LILLY & CO COM LLY	LLY	1,500	$1.8m0.11%	0.11%	Reduced -811.5k	-811,500 -99.8%
44	TEVA PHARMACEUTICAL INDS LTD SPONSORED ADS SPONSORED ADS		40,000	$1.4m0.09%	0.09%	Reduced -4.1m	-4,090,000 -99.0%
45	T-MOBILE US INC COM TMUS	TMUS	8,000	$1.3m0.09%	0.09%	Reduced -8.0k	-8,000 -50.0%
46	BANCO BBVA ARGENTINA S A SPONSORED ADS BBAR	BBAR	63,000	$1.2m0.08%	0.08%	Reduced -63.0k	-63,000 -50.0%
47	ISHARES ETHEREUM TR SHS ETHA	ETHA	99,000	$1.2m0.08%	0.08%	Reduced -99.0k	-99,000 -50.0%
48	GLOBAL X FDS GB MSCI AR ETF ARGT	ARGT	8,900	$813.0k0.05%	0.05%	Reduced -8.9k	-8,900 -50.0%
49	ALLOGENE THERAPEUTICS INC COM ALLO	ALLO	100,000	$208.0k0.01%	0.01%	Reduced -100.0k	-100,000 -50.0%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
INVESCO QQQ TR QQQ	QQQ	1,229,400	$709.6m1.2m shares
ISHARES INC EWZ	EWZ	3,720,000	$142.8m3.7m shares
ARM HOLDINGS PLC ARM	ARM	413,460	$62.5m413.5k shares
KRANESHARES TRUST KWEB	KWEB	1,800,000	$51.2m1.8m shares
ASTRAZENECA PLC		50,000	$9.9m50.0k shares
DIREXION SHARES ETF TRUST KORU	KORU	25,104	$7.1m25.1k shares
STUBHUB HLDGS INC STUB	STUB	1,000,000	$6.2m1.0m shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
INVESCO QQQ TR QQQ · Put	QQQ	Put	300,000	$220.9m300.0k shares	New
VANECK ETF TRUST SMH · Put	SMH	Put	300,000	$196.8m300.0k shares	New
SPDR GOLD TR GLD · Call	GLD	Call	216,000	$79.6m216.0k shares	New
ISHARES INC EWY · Put	EWY	Put	300,000	$60.6m300.0k shares	New
TESLA INC TSLA · Call	TSLA	Call	50,000	$21.0m50.0k shares	New
META PLATFORMS INC META · Call	META	Call	31,100	$17.5m31.1k shares	New