SEC 13F Intelligence

Managers / Q1 2026

NWI MANAGEMENT LP

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

Reported Value
$3.5B
Q1 2026
Positions
104
includes revealed positions
Filings on Record
35
2019–present window
Filed
May 15, 2026
original filing

Summary

Nwi Management LP reported $3.5B in U.S.-listed holdings across 104 positions for Q1 2026.

The portfolio is heavily concentrated: QQQ alone accounts for 20.2% of reported value.

Compared with Q4 2025, the fund opened 7 new positions and exited 9.

Portfolio Metrics

Turnover
+17.6%
vs prior filed quarter
Top-10 Concentration
+64.6%
share of reported value
Largest Position
+20.2%
Invesco Qqq Tr
New / Exited
7 / 9
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: 55.7%ETP: 32.2%ADR: 9.2%Other: 2.9%
  • Common Stock · 55.7% · $2.0B
  • ETP · 32.2% · $1.1B
  • ADR · 9.2% · $323M
  • Other · 2.9% · $102M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
EWZISHARES INCREVEALEDNEW+7.72M7.72M+$296M$296M
BDXBECTON DICKINSON & COREVEALEDNEW+450.0K450.0K+$71M$71M
KRANESHARES TRUSTREVEALEDNEW+1.80M1.80M+$51M$51M
NOCNORTHROP GRUMMAN CORPREVEALEDNEW+43.0K43.0K+$29M$29M
WATWATERS CORPREVEALEDNEW+39.0K39.0K+$12M$12M
KORUDIREXION SHARES ETF TRUSTREVEALEDNEW+25.1K25.1K+$7M$7M
EWYISHARES INCREVEALEDNEW+18.0K18.0K+$2M$2M
METAMETA PLATFORMS INCREVEALEDADDED+108.0K180.0K+$55M$103M

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

Holdings — Q1 2026REVEALED

48 positions (from 98 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1QQQINVESCO QQQ TRREVEALEDhistory →UNIT SER 120.17%$710M1.23M
2INSMINSMED INCREVEALEDhistory →COM PAR $.019.43%$332M2.03M
3NTRANATERA INCREVEALEDhistory →COM8.67%$305M1.53M
4NUNU HLDGS LTDREVEALEDhistory →ORD SHS CL A5.07%$178M12.40M
5MSFTMICROSOFT CORPREVEALEDhistory →COM4.23%$149M402.2K
6EWZISHARES INCREVEALEDMSCI BRAZIL ETF · MSCI STH KOR ETF4.12%$145M3.74M
7LLYELI LILLY & COREVEALEDhistory →COM3.54%$125M813.0K
8TEVATEVA PHARMACEUTICAL INDS LTDREVEALEDhistory →SPONSORED ADS3.54%$124M4.13M
9TSMTAIWAN SEMICONDUCTOR MFG LTDREVEALEDhistory →SPONSORED ADS2.94%$103M306.0K
10METAMETA PLATFORMS INCREVEALEDhistory →CL A2.93%$103M180.0K
11INTERCORP FINL SVCS INCREVEALEDSHS2.90%$102M2.04M
12MUMICRON TECHNOLOGY INCREVEALEDhistory →COM2.77%$97M288.0K
13BDXBECTON DICKINSON & COREVEALEDhistory →COM2.01%$71M450.0K
14GOOGALPHABET INCREVEALEDhistory →CAP STK CL C1.79%$63M220.0K
15ARMARM HOLDINGS PLCREVEALEDhistory →SPONSORED ADS1.78%$63M413.5K
16KRANESHARES TRUSTREVEALEDCSI CHI INTERNET1.45%$51M1.80M
17AAPLAPPLE INCREVEALEDhistory →COM1.39%$49M192.2K
18NVDANVIDIA CORPORATIONREVEALEDhistory →COM1.11%$39M224.0K
19AMZNAMAZON COM INCREVEALEDhistory →COM1.03%$36M174.0K
20PANWPALO ALTO NETWORKS INCREVEALEDhistory →COM1.00%$35M220.0K
21LMTLOCKHEED MARTIN CORPREVEALEDhistory →COM0.93%$33M54.0K
22JPMJPMORGAN CHASE & CO.REVEALEDhistory →COM0.92%$32M110.0K
23WMTWALMART INCREVEALEDhistory →COM0.85%$30M240.0K
24ORCLORACLE CORPREVEALEDhistory →COM0.84%$29M200.0K
25NOCNORTHROP GRUMMAN CORPREVEALEDhistory →COM0.83%$29M43.0K
26FIGRFIGURE TECHNOLOGY SOLUTIOREVEALEDhistory →COM CL A0.75%$26M780.0K
27RTXRTX CORPORATIONREVEALEDhistory →COM0.69%$24M126.0K
28NAMSNEWAMSTERDAM PHARMA CO NVREVEALEDhistory →ORDINARY SHARES0.64%$22M702.0K
29RSPINVESCO EXCHANGE TRADED FD TREVEALEDhistory →S&P500 EQL WGT0.59%$21M108.0K
30INDAISHARES TRREVEALEDhistory →MSCI INDIA ETF0.56%$20M420.0K
31COGTCOGENT BIOSCIENCES INCREVEALEDhistory →COM0.53%$19M483.3K
32CRWDCROWDSTRIKE HLDGS INCREVEALEDhistory →CL A0.33%$12M30.0K
33WATWATERS CORPREVEALEDhistory →COM0.33%$12M39.0K
34BABAALIBABA GROUP HLDG LTDREVEALEDhistory →SPONSORED ADS0.32%$11M90.0K
35AZNNASTRAZENECA PLCREVEALEDSPONSORED ADR0.28%$10M50.0K
36GGALGRUPO FINANCIERO GALICIA S.AREVEALEDSPONSORED ADR0.26%$9M198.6K
37SLVISHARES SILVER TRREVEALEDISHARES0.25%$9M130.0K
38XLVSELECT SECTOR SPDR TRREVEALEDSBI HEALTHCARE0.21%$7M50.0K
39KORUDIREXION SHARES ETF TRUSTREVEALEDDAILY MSCI SOUTH0.20%$7M25.1K
40STUBSTUBHUB HLDGS INCREVEALEDCL A0.18%$6M1.00M
41GLDSPDR GOLD TRREVEALEDGOLD SHS0.12%$4M10.0K
42TMUST-MOBILE US INCREVEALEDCOM0.10%$3M16.0K
43ETHAISHARES ETHEREUM TRREVEALEDSHS0.09%$3M198.0K
44TSLATESLA INCREVEALEDCOM0.08%$3M8.0K
45SMHVANECK ETF TRUSTREVEALEDSEMICONDUCTR ETF0.07%$2M6.0K
46BBARBANCO BBVA ARGENTINA S AREVEALEDSPONSORED ADS0.06%$2M126.0K
47ARGTGLOBAL X FDSREVEALEDGB MSCI AR ETF0.05%$2M17.8K
48ALLOALLOGENE THERAPEUTICS INCREVEALEDCOM0.01%$488,000200.0K

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 ↗.