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. The fund also reduced its exposure to YPF SOCIEDAD ANONIMA by 79.0%.
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:
Showing 1-50 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: #—
|
9.5 | 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
|
5.2 | -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
|
4.7 | -32,540 | -3.2% |
P
S
|
988,460 | $172,032,000 | 2024 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NU
CALL
NU HLDGS LTD
|
CALL Option | 5.40% | 5.30% |
#4
1
Prev: #5
|
4.7 | 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
CALL
AMAZON COM INC
|
CALL Option | 5.10% | 3.64% |
#5
3
Prev: #8
|
5.5 | 180,000 | 60.0% |
P
S
|
480,000 | $110,794,000 | 2016 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MSFT
CALL
MICROSOFT CORP
|
CALL Option | 4.01% | — |
#6
Prev: #—
|
5.1 | 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
|
2.6 | no change | no change |
P
S
|
42,700 | $86,009,000 | 2024 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ASHR
CALL
DBX ETF TR
|
CALL Option | 3.78% | 4.55% |
#8
2
Prev: #6
|
2.5 | 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
|
4.3 | 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
|
2.2 | 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
|
4.2 | 381,300 | 1525.2% |
P
S
|
406,300 | $62,895,000 | 2004 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
FCX
CALL
FREEPORT-MCMORA...
|
CALL Option | 2.34% | — |
#12
Prev: #—
|
4.4 | 999,300 | no change |
NEW
|
999,300 | $50,754,000 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MELI
CALL
MERCADOLIBRE IN...
|
CALL Option | 2.30% | 3.20% |
#13
2
Prev: #11
|
1.9 | 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: #—
|
4.4 | 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
|
1.8 | 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
|
1.3 | -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: #—
|
4.2 | 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
|
1.1 | -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: #—
|
4.0 | 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
|
3.5 | 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
|
1.5 | 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
|
2.9 | 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
|
0.9 | -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
|
1.4 | 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
|
1.4 | no change | no change |
P
S
|
110,000 | $20,262,000 | 2019 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AMZN
AMAZON COM INC
|
Consumer Cyclical | 0.92% | 0.38% |
#26
15
Prev: #41
|
3.4 | 55,500 | 176.2% |
P
S
|
87,000 | $20,081,000 | 2016 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
FLR
FLUOR CORP NEW
|
Industrials | 0.91% | — |
#27
Prev: #—
|
3.9 | 500,000 | no change |
NEW
|
500,000 | $19,815,000 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ORCL
ORACLE CORP
|
Technology | 0.90% | — |
#28
Prev: #—
|
3.9 | 100,000 | no change |
NEW
|
100,000 | $19,491,000 | 1999 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
YPF
CALL
YPF SOCIEDAD AN...
|
CALL Option | 0.83% | 0.67% |
#29
4
Prev: #33
|
1.3 | no change | no change |
P
S
|
500,400 | $18,094,000 | 2014 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
JPM
JPMORGAN CHASE ...
|
Financial Services | 0.82% | 0.98% |
#30
2
Prev: #28
|
0.8 | -1,000 | -1.8% |
P
S
|
55,000 | $17,722,000 | 2001 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
FIGR
FIGURE TECHNOLO...
|
Financial Services | 0.77% | 0.42% |
#31
8
Prev: #39
|
3.3 | 200,044 | 96.6% |
P
S
|
407,044 | $16,624,000 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NTRA
CALL
NATERA INC
|
CALL Option | 0.71% | 2.38% |
#32
20
Prev: #12
|
0.3 | -200,000 | -74.7% |
P
S
|
67,700 | $15,509,000 | 2024 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
WMT
WALMART INC
|
Consumer Defensive | 0.62% | 0.68% |
#33
2
Prev: #31
|
1.2 | no change | no change |
P
S
|
120,000 | $13,369,000 | 2020 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
LMT
LOCKHEED MARTIN...
|
Industrials | 0.60% | 0.74% |
#34
4
Prev: #30
|
1.2 | no change | no change |
P
S
|
27,000 | $13,059,000 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
RTX
RTX CORPORATION
|
Industrials | 0.53% | 0.58% |
#35
1
Prev: #36
|
1.2 | no change | no change |
P
S
|
63,000 | $11,554,000 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
INDA
ISHARES TR
|
ETF | 0.52% | 0.60% |
#36
1
Prev: #35
|
1.2 | no change | no change |
P
S
|
210,000 | $11,350,000 | 2019 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
RSP
INVESCO EXCHANG...
|
Unknown | 0.48% | — |
#37
Prev: #—
|
3.7 | 54,000 | no change |
NEW
|
54,000 | $10,344,000 | 2023 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
WDAY
WORKDAY INC
|
Technology | 0.45% | 0.64% |
#38
4
Prev: #34
|
0.7 | -3,000 | -6.2% |
P
S
|
45,000 | $9,665,000 | 2019 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
COGT
COGENT BIOSCIEN...
|
Healthcare | 0.40% | — |
#39
Prev: #—
|
3.7 | 241,671 | no change |
NEW
|
241,671 | $8,584,000 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
YPF
YPF SOCIEDAD AN...
|
Energy | 0.38% | 1.45% |
#40
19
Prev: #21
|
0.2 | -853,525 | -79.0% |
P
S
|
226,475 | $8,189,000 | 2014 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SLV
ISHARES SILVER ...
|
ETF | 0.37% | 0.06% |
#41
14
Prev: #55
|
3.1 | 100,000 | 400.0% |
P
S
|
125,000 | $8,052,000 | 2020 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CRWD
CROWDSTRIKE HLD...
|
Technology | 0.32% | 0.41% |
#42
2
Prev: #40
|
1.1 | no change | no change |
P
S
|
15,000 | $7,031,000 | 2024 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
STUB
STUBHUB HLDGS I...
|
Communication Services | 0.31% | 0.46% |
#43
6
Prev: #37
|
1.1 | no change | no change |
P
S
|
500,000 | $6,765,000 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BABA
ALIBABA GROUP H...
|
Consumer Cyclical | 0.30% | 0.44% |
#44
6
Prev: #38
|
1.1 | no change | no change |
P
S
|
45,000 | $6,596,000 | 2014 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GGAL
GRUPO FINANCIER...
|
Financial Services | 0.25% | 0.15% |
#45
4
Prev: #49
|
1.1 | no change | no change |
P
S
|
99,312 | $5,357,000 | 2024 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AZN
ASTRAZENECA PLC
|
Healthcare | 0.21% | 0.21% |
#46
Prev: #46
|
1.1 | no change | no change |
P
S
|
50,000 | $4,596,000 | 2020 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
PYPL
CALL
PAYPAL HLDGS IN...
|
CALL Option | 0.19% | 0.26% |
#47
3
Prev: #44
|
1.1 | no change | no change |
P
S
|
70,300 | $4,104,000 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NET
CLOUDFLARE INC
|
Technology | 0.16% | 0.21% |
#48
3
Prev: #45
|
1.1 | no change | no change |
P
S
|
18,000 | $3,549,000 | 2019 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ETHA
ISHARES ETHEREU...
|
ETF | 0.10% | — |
#49
Prev: #—
|
3.5 | 99,000 | no change |
NEW
|
99,000 | $2,221,000 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GLD
SPDR GOLD TR
|
ETF | 0.09% | 0.10% |
#50
2
Prev: #52
|
1.0 | no change | no change |
P
S
|
5,000 | $1,982,000 | 2012 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) |
Showing 1-50 of 76 holdings