SEC 13F Intelligence

Managers / Q1 2023 · view latest →

NWI MANAGEMENT LP

CIK 0001103887 · 623 FIFTH AVENUE, 23 FLOOR, NEW YORK, NY, 10022 · 2122972958

Reported Value
$908M
Q1 2023
Positions
45
Filings on Record
35
2019–present window
Filed
May 12, 2023
original filing

Summary

Nwi Management LP reported $908M in U.S.-listed holdings across 45 positions for Q1 2023.

Its largest position, MSFT, represents 10.2% of the portfolio.

Compared with Q4 2022, the fund opened 9 new positions and exited 5.

Portfolio Metrics

Turnover
+10.2%
vs prior filed quarter
Top-10 Concentration
+44.7%
share of reported value
Largest Position
+10.2%
Microsoft
New / Exited
9 / 5
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’19: $3.8BQ1 ’19Q2 ’19: $1.2BQ3 ’19: $1.6BQ4 ’19: $2.4BQ1 ’20: $1.2BQ1 ’20Q2 ’20: $1.3BQ3 ’20: $1.2BQ4 ’20: $1.0BQ1 ’21: $1.2BQ1 ’21Q2 ’21: $1.6BQ3 ’21: $1.6BQ4 ’21: $1.5BQ1 ’22: $873MQ1 ’22Q2 ’22: $3.3BQ3 ’22: $570MQ4 ’22: $452MQ1 ’23: $908MQ1 ’23Q2 ’23: $556MQ3 ’23: $2.1BQ4 ’23: $4.0BQ1 ’24: $3.3BQ1 ’24Q2 ’24: $2.7BQ3 ’24: $3.8BQ4 ’24: $2.3BQ1 ’25: $796MQ1 ’25Q2 ’25: $3.8BQ3 ’25: $3.7BQ4 ’25: $4.3BQ1 ’26: $3.5BQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 54.2%Other: 33.4%ETP: 6.7%ADR: 5.7%
  • Common Stock · 54.2% · $492M
  • Other · 33.4% · $303M
  • ETP · 6.7% · $61M
  • ADR · 5.7% · $52M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
JUNE 23 PUTS ON IWM USNEW+500.0K500.0K+$89M$89M
MAY 23 PUTS ON MSFT USNEW+300.0K300.0K+$86M$86M
JANUARY 24 CALLS ON NVDA USNEW+300.0K300.0K+$83M$83M
KRANESHARES CSI CHINA INTERNNEW+1.80M1.80M+$56M$56M
CVXCHEVRON CORPNEW+240.0K240.0K+$39M$39M
JUNE 23 CALLS ON KWEB USNEW+660.2K660.2K+$21M$21M
LLYELI LILLY & CONEW+30.0K30.0K+$10M$10M
XLFFINANCIAL SELECT SECTOR SPDRNEW+31.0K31.0K+$997,000$997,000

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2023

41 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM10.16%$92M320.0K
2KRANESHARES CSI CHINA INTERNCSI CHI INTERNET6.18%$56M1.80M
3GOOGALPHABET INC-CL Chistory →CAP STK CL C5.51%$50M481.0K
4CVXCHEVRON CORPhistory →COM4.31%$39M240.0K
5NVDANVIDIA CORPhistory →COM4.00%$36M130.6K
6BABAALIBABA GROUP HOLDING-SP ADRhistory →SPONSORED ADS3.88%$35M345.0K
7METAMETA PLATFORMS INC-CLASS Ahistory →CL A2.92%$26M125.0K
8TMUST-MOBILE US INChistory →COM2.83%$26M177.3K
9INTERCORP FINANCIAL SERVICESSHS2.58%$23M1.02M
10MUMICRON TECHNOLOGY INChistory →COM2.29%$21M345.0K
11AMDADVANCED MICRO DEVICEShistory →COM2.16%$20M200.0K
12PANWPALO ALTO NETWORKS INChistory →COM1.92%$17M87.5K
13AAPLAPPLE INChistory →COM1.91%$17M105.0K
14MGMMGM RESORTS INTERNATIONALhistory →COM1.88%$17M385.0K
15LUVSOUTHWEST AIRLINES COhistory →COM1.68%$15M470.0K
16DALDELTA AIR LINES INChistory →COM NEW1.27%$12M330.0K
17LLYELI LILLY & COhistory →COM1.13%$10M30.0K
18WDAYWORKDAY INC-CLASS Ahistory →CL A1.11%$10M49.0K
19MLCOMELCO RESORTS & ENTERT-ADRhistory →ADR1.06%$10M755.0K
20CPNGCOUPANG INCCL A0.88%$8M500.0K
21TSLATESLA INCCOM0.87%$8M38.0K
22JPMJPMORGAN CHASE & COCOM0.86%$8M60.0K
23TAT&T INCCOM0.85%$8M400.0K
24AZNNASTRAZENECA PLC-SPONS ADRSPONSORED ADR0.76%$7M100.0K
25ARANTERO RESOURCES CORPCOM0.76%$7M300.0K
26NETCLOUDFLARE INC - CLASS ACL A COM0.68%$6M100.0K
27SUMO LOGIC INCCOM0.65%$6M494.2K
28WMTWALMART INCCOM0.65%$6M40.0K
29VZVERIZON COMMUNICATIONS INCCOM0.64%$6M150.0K
30UALUNITED AIRLINES HOLDINGS INCCOM0.56%$5M115.0K
31STSENSATA TECHNOLOGIES HOLDINGSHS0.55%$5M100.0K
32CNKCINEMARK HOLDINGS INCCOM0.44%$4M270.0K
33JBLUJETBLUE AIRWAYS CORPCOM0.22%$2M280.0K
34XLEENERGY SELECT SECTOR SPDRENERGY0.20%$2M22.0K
35TDSTELEPHONE AND DATA SYSTEMSCOM NEW0.17%$2M146.0K
36SLVISHARES SILVER TRUSTISHARES0.12%$1M50.0K
37IBBISHARES BIOTECHNOLOGY ETFNASDAQ BIOTECH0.11%$1M8.0K
38XLFFINANCIAL SELECT SECTOR SPDRFINANCIAL0.11%$997,00031.0K
39ADBEADOBE INCCOM0.11%$963,0002.5K
40OXYOCCIDENTAL PETROLEUM CORPCOM0.10%$936,00015.0K
41MIRATI THERAPEUTICS INCCOM0.10%$930,00025.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026REVEALED$3.5B104May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025REVEALED$4.3B114Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025REVEALED$3.7B131Nov 17, 2025RESTATEMENTchanges · EDGAR ↗
Q2 2025REVEALED$3.8B111Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$796M46May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$2.3B55Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$3.8B46Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$2.7B41Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$3.3B52May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$4.0B53Feb 15, 202413F-HRchanges · EDGAR ↗
Q3 2023$2.1B51Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$556M43Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$908M45May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022$452M41Feb 15, 202313F-HRchanges · EDGAR ↗
Q3 2022$570M44Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022REVEALED$3.3B111Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$873M44May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$1.5B49Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$1.6B46Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$1.6B52Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$1.2B49May 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$1.0B43Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$1.2B38Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$1.3B44Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$1.2B35May 13, 202013F-HRchanges · EDGAR ↗
Q4 2019$2.4B49Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$1.6B42Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$1.2B39Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$3.8B46May 15, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.