Nwi Management LP

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 13, 2024), Nwi Management LP reported 39 stock positions worth $838.7 million. Its top holding was Invesco S&P 500 Equal Weight (RSP) at 21.4% of the portfolio, followed by Microsoft (MSFT, 10.9%) and SS Energy Select Sector (XLE, 10.6%). Compared with Q2 2024, it opened 5 new positions, sold out of 3, added to 3 and reduced 13. The biggest buy was a new position in Invesco S&P 500 Equal Weight (RSP) and the biggest sale an exit from Vaneck Gold Miners ETF (GDX).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001103887
Portfolio Value
$838.7M (Q3 2024)
SEC Filing
0001103887-24-000006 ↗ filed Nov 13, 2024

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $729.8M Q1 2024 Q2 2024: $779.0M Q2 2024 Q3 2024: $838.7M $838.7M Q3 2024 Q4 2024: $1.3B Q4 2024 Q1 2025: $750.3M Q1 2025 Q2 2025: $1.1B Q2 2025 Q3 2025: $1.0B Q3 2025 Q4 2025: $1.6B Q4 2025 Q1 2026: $1.6B Q1 2026 Q2 2026: $1.6B Q2 2026

Holdings 39 stocks · $838.7M
RSP Invesco S&P 500 Equal Weight 21.36% 1,000,000 $179.2M New
MSFT Microsoft Corp. 10.95% 213,400 $91.8M Reduce -41.5%
XLE SS Energy Select Sector 10.64% 1,016,000 $89.2M Add +4518.2%
COHR Coherent Corp. 8.59% 810,000 $72.0M Add +50.0%
NTRA Natera Inc. 8.17% 540,000 $68.6M Add +650.0%
AMZN Amazon.com Inc. 4.00% 180,000 $33.5M No change
YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA 3.79% 1,500,000 $31.8M New
AAPL Apple Inc. 3.50% 126,100 $29.4M Reduce -76.5%
ADBE Adobe Inc. 3.21% 52,000 $26.9M Reduce -0.9%
IFS Intercorp Financial Services 3.19% 1,022,210 $26.8M No change
META Meta Platforms Inc. Class A 2.56% 37,500 $21.5M No change
PANW Palo Alto Networks Inc. 2.55% 62,500 $21.4M No change
GOOG Alphabet Inc. Class C 2.07% 104,000 $17.4M No change
ST Sensata Technologies Holdplc 1.92% 450,000 $16.1M No change
MU Micron Technology Inc. 1.79% 145,000 $15.0M Reduce -3.3%
AMD Advanced Micro Devices 1.76% 90,000 $14.8M No change
JPM JPMorgan Chase & Co. 1.46% 58,000 $12.2M Reduce -3.3%
WDAY Workday Inc. Class A 1.40% 48,000 $11.7M Reduce -2.0%
WMT Walmart Inc. 1.16% 120,000 $9.7M No change
AR Antero Resources Corp. 1.02% 300,000 $8.6M No change
INSM Insmed Inc. 0.85% 97,540 $7.1M New
BABA Alibaba Group Holding-SP ADR 0.57% 45,000 $4.8M No change
CRWD CrowdStrike Holdings Inc. Class A 0.50% 15,000 $4.2M No change
AZN Astrazeneca PLC-Spons ADR 0.46% 50,000 $3.9M No change
XLV SS Health Care Select Sector 0.46% 25,000 $3.9M No change
NVDA Nvidia Corp. 0.28% 19,000 $2.3M Reduce -24.0%
TMUS T-Mobile US Inc. 0.25% 10,000 $2.1M Reduce -16.7%
TSLA Tesla Inc. 0.19% 6,000 $1.6M Reduce -25.0%
NET Cloudflare Inc. Class A 0.17% 18,000 $1.5M No change
GLD SPDR Gold Shares 0.14% 5,000 $1.2M No change
GGAL Grupo Financiero Galicia-ADR 0.14% 27,987 $1.2M New
XLF SS Financial Select Sector 0.14% 26,000 $1.2M Reduce -16.1%
INDA iShares MSCI India ETF 0.14% 20,000 $1.2M No change
IWM iShares Russell 2000 ETF 0.13% 5,000 $1.1M No change
SLV iShares Silver Trust 0.12% 35,000 $994K Reduce -30.0%
IBB iShares Biotechnology ETF 0.11% 6,500 $946K Reduce -18.8%
OXY Occidental Petroleum Corp. 0.09% 15,000 $773K No change
SMH Vaneck Semiconductor ETF 0.09% 3,000 $736K Reduce -25.0%
ARGT Global X MSCI Argentina ETF 0.07% 8,900 $590K New

Options reported separately and not counted above: QQQ puts ($1.5B), SPY puts ($573.8M), XBI calls ($395.2M), TLT puts ($392.4M), KRE calls ($113.2M), MELI calls ($63.0M), XLU puts ($792K).

Portfolio Sells Q2 2024 → Q3 2024
GDX Vaneck Gold Miners ETF Sold out 0.00% −20.47
AAPL Apple Inc. Reduce -76.5% 3.50% −10.99
MSFT Microsoft Corp. Reduce -41.5% 10.95% −9.99
DELL Dell Technologies -C Sold out 0.00% −1.59
MO Altria Group Inc. Sold out 0.00% −1.32
MU Micron Technology Inc. Reduce -3.3% 1.79% −0.74
ADBE Adobe Inc. Reduce -0.9% 3.21% −0.53
NVDA Nvidia Corp. Reduce -24.0% 0.28% −0.12
JPM JPMorgan Chase & Co. Reduce -3.3% 1.46% −0.10
SLV iShares Silver Trust Reduce -30.0% 0.12% −0.05
SMH Vaneck Semiconductor ETF Reduce -25.0% 0.09% −0.05
IBB iShares Biotechnology ETF Reduce -18.8% 0.11% −0.03
TMUS T-Mobile US Inc. Reduce -16.7% 0.25% −0.03
XLF SS Financial Select Sector Reduce -16.1% 0.14% −0.02
TSLA Tesla Inc. Reduce -25.0% 0.19% −0.02
WDAY Workday Inc. Class A Reduce -2.0% 1.40% −0.01

Portfolio Buys Q2 2024 → Q3 2024
RSP Invesco S&P 500 Equal Weight New 21.36% +21.36
XLE SS Energy Select Sector Add +4518.2% 10.64% +10.38
NTRA Natera Inc. Add +650.0% 8.17% +7.17
YPF YPF S.A.-Sponsored ADR New 3.79% +3.79
COHR Coherent Corp. Add +50.0% 8.59% +3.56
INSM Insmed Inc. New 0.85% +0.85
GGAL Grupo Financiero Galicia-ADR New 0.14% +0.14
ARGT Global X MSCI Argentina ETF New 0.07% +0.07

Options Activity Q2 2024 → Q3 2024
INVESCO QQQ TR put Sold out 4,000,000 $1.9Bbefore exit
QQQ Invesco QQQ Trust Series 1 put New 3,000,000 $1.5B
SPY SS SPDR S&P 500 ETF Trust-US put New 1,000,000 $573.8M
XBI SS SPDR S&P Biotech ETF call New 4,000,000 $395.2M
TLT iShares 20+ Year Treasury BD put New 4,000,000 $392.4M
KRE SS SPDR S&P Regional Bank call New 2,000,000 $113.2M
MELI MercadoLibre Inc. call New 30,700 $63.0M
MERCADOLIBRE INC call Sold out 30,700 $50.5Mbefore exit
XLU St Sr Utl SL SE SPDR ETF-Usd put New 9,800 $792K

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 49$1.6BNTRA, MU, META, AAPL, INSM
Q1 2026Amended 49$1.6BQQQ, INSM, NTRA, NU, MSFT
Q4 2025Amended 48$1.6BQQQ, NTRA, INSM, MELI, MSFT
Q3 2025Amended 52$1.0BINSM, NTRA, MELI, IBIT, NU
Q2 2025Amended 45$1.1BNTRA, MELI, SMH, INSM, YPF
Q1 2025 42$750.3MNTRA, MELI, META, YPF, GOOG
Q4 2024 46$1.3BQQQ, NTRA, IBIT, YPF, COHR
Q3 2024 39$838.7MRSP, MSFT, XLE, COHR, NTRA
Q2 2024 37$779.0MMSFT, GDX, AAPL, COHR, AMZN
Q1 2024 45$729.8MMSFT, SLV, NVDA, DELL, META