Nwi Management LP
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed June 1, 2026), Nwi Management LP reported 49 stock positions worth $1.6 billion. Its top holding was Invesco QQQ Trust Series 1 (QQQ) at 21.7% of the portfolio, followed by Insmed (INSM, 10.1%) and Natera (NTRA, 9.3%). Compared with Q4 2025, it opened 7 new positions, sold out of 6, added to 5 and reduced 4. The biggest buy was a new position in iShares MSCI Brazil ETF (EWZ) and the biggest sale an exit from MercadoLibre (MELI).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001103887
- Portfolio Value
- $1.6B (Q1 2026)
- SEC Filing
- 0001103887-26-000005 ↗ filed Jun 1, 2026
Holdings Value
Holdings 49 stocks · $1.6B
| QQQ Invesco QQQ Trust Series 1 | 21.70% | 614,700 | $354.8M | Reduce -6.2% |
| INSM Insmed Inc. | 10.14% | 1,014,000 | $165.8M | Add +2.6% |
| NTRA Natera Inc. | 9.33% | 762,603 | $152.5M | No change |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 5.45% | 6,201,400 | $89.1M | Add +181.7% |
| MSFT Microsoft Corp. | 4.55% | 201,100 | $74.4M | Add +36.7% |
| EWZ iShares MSCI Brazil ETF | 4.37% | 1,860,000 | $71.4M | New |
| TEVA Teva Pharmaceutical-SP ADR | 3.80% | 2,065,000 | $62.2M | No change |
| TSM Taiwan Semiconductor-SP ADR | 3.16% | 153,000 | $51.7M | No change |
| META Meta Platforms Inc. Class A | 3.15% | 90,000 | $51.5M | Add +150.0% |
| LLY Eli Lilly & Co. | 3.12% | 55,500 | $51.0M | Add +3600.0% |
| IFS Intercorp Financial Services | 3.12% | 1,022,210 | $51.0M | No change |
| MU Micron Technology Inc. | 2.98% | 144,000 | $48.6M | No change |
| BDX Becton Dickinson and Co. | 2.16% | 225,000 | $35.4M | New |
| GOOG Alphabet Inc. Class C | 1.93% | 110,000 | $31.6M | No change |
| ARM Arm Holdings PLC-ADR | 1.91% | 206,730 | $31.3M | No change |
| KWEB Kranesh Csi China Internet | 1.57% | 900,000 | $25.6M | New |
| AAPL Apple Inc. | 1.49% | 96,100 | $24.4M | No change |
| NAMS Newamsterdam Pharma Co. NV | 1.37% | 702,000 | $22.5M | No change |
| NVDA Nvidia Corp. | 1.19% | 112,000 | $19.5M | No change |
| AMZN Amazon.com Inc. | 1.11% | 87,000 | $18.1M | No change |
| PANW Palo Alto Networks Inc. | 1.08% | 110,000 | $17.6M | No change |
| LMT Lockheed Martin Corp. | 1.00% | 27,000 | $16.3M | No change |
| JPM JPMorgan Chase & Co. | 0.99% | 55,000 | $16.2M | No change |
| WMT Walmart Inc. | 0.91% | 120,000 | $14.9M | No change |
| ORCL Oracle Corp. | 0.90% | 100,000 | $14.7M | No change |
| NOC Northrop Grumman Corp. | 0.90% | 21,500 | $14.7M | New |
| FIGR Figure Technology Solut Class A | 0.81% | 390,000 | $13.2M | Reduce -4.2% |
| RTX RTX Corp. | 0.74% | 63,000 | $12.2M | No change |
| RSP Invesco S&P 500 Equal Weight | 0.63% | 54,000 | $10.4M | No change |
| INDA iShares MSCI India ETF | 0.60% | 210,000 | $9.8M | No change |
| COGT Cogent Biosciences Inc. | 0.57% | 241,671 | $9.3M | No change |
| CRWD CrowdStrike Holdings Inc. Class A | 0.36% | 15,000 | $5.9M | No change |
| WAT Waters Corp. | 0.36% | 19,489 | $5.8M | New |
| BABA Alibaba Group Holding-SP ADR | 0.35% | 45,000 | $5.6M | No change |
| AZN Astrazeneca PLC-Spons ADR | 0.30% | 25,000 | $4.9M | No change |
| GGAL Grupo Financiero Galicia-ADR | 0.28% | 99,312 | $4.6M | No change |
| SLV iShares Silver Trust | 0.27% | 65,000 | $4.4M | Reduce -48.0% |
| XLV SS Health Care Select Sector | 0.22% | 25,000 | $3.7M | Reduce -93.8% |
| KORU Direxion DLY M SK Bull 3X-Ui | 0.22% | 12,552 | $3.6M | New |
| STUB Stubhub Holdings Inc. Class A | 0.19% | 500,000 | $3.1M | No change |
| GLD SPDR Gold Shares | 0.13% | 5,000 | $2.2M | No change |
| TMUS T-Mobile US Inc. | 0.10% | 8,000 | $1.7M | No change |
| ETHA iShares Ethereum Trust ETF | 0.10% | 99,000 | $1.6M | No change |
| TSLA Tesla Inc. | 0.09% | 4,000 | $1.5M | No change |
| SMH Vaneck Semiconductor ETF | 0.07% | 3,000 | $1.1M | No change |
| EWY iShares MSCI South Korea ETF | 0.07% | 9,000 | $1.1M | New |
| BBAR Bbva Argentina SA-ADR filed as BANCO BBVA ARGENTINA S A | 0.06% | 63,000 | $1.0M | No change |
| ARGT Global X MSCI Argentina ETF | 0.05% | 8,900 | $831K | No change |
| ALLO Allogene Therapeutics Inc. | 0.01% | 100,000 | $244K | No change |
Options reported separately and not counted above: EWZ calls ($76.8M), MSFT calls ($33.3M), NU calls ($14.4M).
Portfolio Sells Q4 2025 → Q1 2026
| MELI MercadoLibre Inc. | Sold out | 0.00% | −5.26 |
| XLV SS Health Care Select Sector | Reduce -93.8% | 0.22% | −3.62 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -6.2% | 21.70% | −2.89 |
| AVGO Broadcom Inc. | Sold out | 0.00% | −1.71 |
| FLR Fluor Corp. | Sold out | 0.00% | −1.21 |
| WDAY Workday Inc. Class A | Sold out | 0.00% | −0.59 |
| YPF YPF S.A.-Sponsored ADR | Sold out | 0.00% | −0.50 |
| SLV iShares Silver Trust | Reduce -48.0% | 0.27% | −0.22 |
| NET Cloudflare Inc. Class A | Sold out | 0.00% | −0.22 |
| FIGR Figure Technology Solut Class A | Reduce -4.2% | 0.81% | −0.21 |
Portfolio Buys Q4 2025 → Q1 2026
| EWZ iShares MSCI Brazil ETF | New | 4.37% | +4.37 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +181.7% | 5.45% | +3.20 |
| LLY Eli Lilly & Co. | Add +3600.0% | 3.12% | +3.02 |
| BDX Becton Dickinson and Co. | New | 2.16% | +2.16 |
| META Meta Platforms Inc. Class A | Add +150.0% | 3.15% | +1.70 |
| KWEB Kranesh Csi China Internet | New | 1.57% | +1.57 |
| NOC Northrop Grumman Corp. | New | 0.90% | +0.90 |
| WAT Waters Corp. | New | 0.36% | +0.36 |
| KORU Direxion DLY M SK Bull 3X-Ui | New | 0.22% | +0.22 |
| MSFT Microsoft Corp. | Add +36.7% | 4.55% | +0.21 |
| EWY iShares MSCI South Korea ETF | New | 0.07% | +0.07 |
| INSM Insmed Inc. | Add +2.6% | 10.14% | −0.37 |
Options Activity Q4 2025 → Q1 2026
| AMZN Amazon.com Inc. | call | Sold out | 480,000 | $110.8Mbefore exit |
| ASHR Xtrackers Harvest Csi 300 CH | call | Sold out | 2,500,000 | $82.1Mbefore exit |
| EWZ iShares MSCI Brazil ETF | call | New | 2,000,000 | $76.8M |
| FCX Freeport-McMoran Inc. | call | Sold out | 999,300 | $50.8Mbefore exit |
| MELI MercadoLibre Inc. | call | Sold out | 24,800 | $50.0Mbefore exit |
| MSFT Microsoft Corp. | call | Reduce -50.0% | 90,000 | $33.3M |
| YPF YPF S.A.-Sponsored ADR | call | Sold out | 500,400 | $18.1Mbefore exit |
| NTRA Natera Inc. | call | Sold out | 67,700 | $15.5Mbefore exit |
| NU Nu Holdings Ltd./Cayman Isl-A | call | Reduce -85.7% | 1,000,000 | $14.4M |
| PYPL PayPal Holdings Inc. | call | Sold out | 70,300 | $4.1Mbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 49 | $1.6B | NTRA, MU, META, AAPL, INSM |
| Q1 2026Amended | 49 | $1.6B | QQQ, INSM, NTRA, NU, MSFT |
| Q4 2025Amended | 48 | $1.6B | QQQ, NTRA, INSM, MELI, MSFT |
| Q3 2025Amended | 52 | $1.0B | INSM, NTRA, MELI, IBIT, NU |
| Q2 2025Amended | 45 | $1.1B | NTRA, MELI, SMH, INSM, YPF |
| Q1 2025 | 42 | $750.3M | NTRA, MELI, META, YPF, GOOG |
| Q4 2024 | 46 | $1.3B | QQQ, NTRA, IBIT, YPF, COHR |
| Q3 2024 | 39 | $838.7M | RSP, MSFT, XLE, COHR, NTRA |
| Q2 2024 | 37 | $779.0M | MSFT, GDX, AAPL, COHR, AMZN |
| Q1 2024 | 45 | $729.8M | MSFT, SLV, NVDA, DELL, META |