NWI MANAGEMENT LP

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, NWI MANAGEMENT LP maintained a portfolio of 76 distinct positions. The most significant new addition to the portfolio was INVESCO QQQ TR, which now represents 18.53% of the total fund value. Conversely, NWI MANAGEMENT LP completely exited their position in ISHARES TR.
PCA Score Concentration Risk
Risk ENB
Total Positions
76
Quarter
2025 Q4
Top Holding
QQQ (18.5%)
Top 10 Concentration
63.0%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 76
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
QQQ
INVESCO QQQ TR
ETF 18.53% #1
Prev: #—
9.4 655,200 no change
NEW
655,200 $402,496,000 2000 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
NTRA
NATERA INC
Healthcare 8.04% 7.38% #2 1
Prev: #3
3.2 -67,700 -8.2%
P
S
762,603 $174,705,000 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
INSM
INSMED INC
Healthcare 7.92% 8.12% #3 1
Prev: #2
3.2 -32,540 -3.2%
P
S
988,460 $172,032,000 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
NU
NU HLDGS LTD
CALL
CALL Option 5.40% 5.30% #4 1
Prev: #5
4.2 1,000,000 16.7%
P
S
7,000,000 $117,180,000 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
AMZN
AMAZON COM INC
CALL
CALL Option 5.10% 3.64% #5 3
Prev: #8
4.2 180,000 60.0%
P
S
480,000 $110,794,000 2016 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MSFT
MICROSOFT CORP
CALL
CALL Option 4.01% #6
Prev: #—
3.6 180,000 no change
NEW
180,000 $87,052,000 1999 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MELI
MERCADOLIBRE IN...
Consumer Cyclical 3.96% 5.51% #7 3
Prev: #4
1.6 no change no change
P
S
42,700 $86,009,000 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ASHR
DBX ETF TR
CALL
CALL Option 3.78% 4.55% #8 2
Prev: #6
1.5 no change no change
P
S
2,500,000 $82,125,000 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MSFT
MICROSOFT CORP
Technology 3.28% 1.63% #9 9
Prev: #18
3.6 90,000 157.6%
P
S
147,100 $71,141,000 1999 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TEVA
TEVA PHARMACEUT...
Healthcare 2.97% 2.30% #10 3
Prev: #13
1.2 no change no change
P
S
2,065,000 $64,449,000 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
XLV
SELECT SECTOR S...
Unknown 2.90% 0.19% #11 37
Prev: #48
3.5 381,300 1525.2%
P
S
406,300 $62,895,000 2004 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
FCX
FREEPORT-MCMORA...
CALL
CALL Option 2.34% #12
Prev: #—
2.9 999,300 no change
NEW
999,300 $50,754,000 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MELI
MERCADOLIBRE IN...
CALL
CALL Option 2.30% 3.20% #13 2
Prev: #11
0.9 no change no change
P
S
24,800 $49,954,000 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
TSM
TAIWAN SEMICOND...
Technology 2.14% #14
Prev: #—
2.9 153,000 no change
NEW
153,000 $46,495,000 2000 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
IFS
INTERCORP FINL ...
Financial Services 1.98% 2.26% #15
Prev: #15
0.8 no change no change
P
S
1,022,210 $43,055,000 2019 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MU
MICRON TECHNOLO...
Technology 1.89% 1.34% #16 7
Prev: #23
0.8 -1,000 -0.7%
P
S
144,000 $41,099,000 2020 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
NU
NU HLDGS LTD
Financial Services 1.70% #17
Prev: #—
2.7 2,201,400 no change
NEW
2,201,400 $36,851,000 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOG
ALPHABET INC
Communication Services 1.59% 1.49% #18 2
Prev: #20
0.6 -1,000 -0.9%
P
S
110,000 $34,518,000 2005 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
AVGO
BROADCOM INC
Technology 1.29% #19
Prev: #—
2.5 81,000 no change
NEW
81,000 $28,034,000 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
LLY
ELI LILLY & CO
Healthcare 1.21% 1.20% #20 5
Prev: #25
2.8 675,000 2368.4%
P
S
703,500 $26,238,000 2003 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AAPL
APPLE INC
Technology 1.20% 1.35% #21 1
Prev: #22
0.5 no change no change
P
S
96,100 $26,126,000 2000 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
META
META PLATFORMS ...
Communication Services 1.09% 1.09% #22 5
Prev: #27
2.5 9,000 33.3%
P
S
36,000 $23,763,000 2015 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ARM
ARM HOLDINGS PL...
Technology 1.04% 1.76% #23 6
Prev: #17
0.4 -18,270 -8.1%
P
S
206,730 $22,598,000 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
NVDA
NVIDIA CORPORAT...
Technology 0.96% 1.15% #24 2
Prev: #26
0.4 no change no change
P
S
112,000 $20,888,000 2000 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
PANW
PALO ALTO NETWO...
Technology 0.93% 1.24% #25 1
Prev: #24
0.4 no change no change
P
S
110,000 $20,262,000 2019 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
IWM
ISHARES TR
PUT
PUT Option 0.00% 13.36%
Sold All 😨
(Was: #1)
0.3 -1,000,000 -100.0%
CLOSED
$— 2007 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
XLV
SELECT SECTOR S...
CALL
CALL Option 0.00% 4.15%
Sold All 😨
(Was: #7)
0.3 -540,000 -100.0%
CLOSED
$— 2004 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
IBIT
ISHARES BITCOIN...
ETF 0.00% 3.59%
Sold All 😨
(Was: #10)
0.3 -1,000,000 -100.0%
CLOSED
$— 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
IBIT
ISHARES BITCOIN...
CALL
CALL Option 0.00% 3.59%
Sold All 😨
(Was: #9)
0.3 -1,000,000 -100.0%
CLOSED
$— 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SLV
ISHARES SILVER ...
CALL
CALL Option 0.00% 2.29%
Sold All 😨
(Was: #14)
0.3 -979,700 -100.0%
CLOSED
$— 2020 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ARM
ARM HOLDINGS PL...
CALL
CALL Option 0.00% 1.95%
Sold All 😨
(Was: #16)
0.3 -250,000 -100.0%
CLOSED
$— 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
INDA
ISHARES TR
CALL
CALL Option 0.00% 1.63%
Sold All 😨
(Was: #19)
0.3 -566,900 -100.0%
CLOSED
$— 2019 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
VRNA
VERONA PHARMA P...
Unknown 0.00% 0.80%
Sold All 😨
(Was: #29)
0.3 -135,000 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
DOCU
DOCUSIGN INC
CALL
CALL Option 0.00% 0.68%
Sold All 😨
(Was: #32)
0.3 -170,800 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
DOCU
DOCUSIGN INC
Technology 0.00% 0.34%
Sold All 😨
(Was: #42)
0.3 -85,400 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ALTS
ALT5 SIGMA CORP
ETF 0.00% 0.27%
Sold All 😨
(Was: #43)
0.3 -1,800,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MRVL
MARVELL TECHNOL...
Technology 0.00% 0.21%
Sold All 😨
(Was: #47)
0.3 -45,000 -100.0%
CLOSED
$— 2001 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
XLE
SELECT SECTOR S...
Unknown 0.00% 0.08%
Sold All 😨
(Was: #53)
0.3 -16,000 -100.0%
CLOSED
$— 2003 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
XLF
SELECT SECTOR S...
Unknown 0.00% 0.08%
Sold All 😨
(Was: #54)
0.3 -26,000 -100.0%
CLOSED
$— 2007 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
IBB
ISHARES TR
ETF 0.00% 0.05%
Sold All 😨
(Was: #57)
0.3 -6,500 -100.0%
CLOSED
$— 2003 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
OXY
OCCIDENTAL PETE...
Energy 0.00% 0.04%
Sold All 😨
(Was: #58)
0.3 -15,000 -100.0%
CLOSED
$— 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
XMTR
XOMETRY INC
Industrials 0.00% 0.02%
Sold All 😨
(Was: #61)
0.3 -5,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ACM
AECOM
Industrials 0.00% 0.01%
Sold All 😨
(Was: #62)
0.3 -2,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ZM
ZOOM VIDEO COMM...
Technology 0.00% 0.01%
Sold All 😨
(Was: #63)
0.3 -3,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ZBRA
ZEBRA TECHNOLOG...
Technology 0.00% 0.01%
Sold All 😨
(Was: #64)
0.3 -825 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-25 of 76 holdings

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