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NWI MANAGEMENT LP

Q3 2025 · Filed 2025-12-05
Market Value
$1.0B
-7.8%
Holdings
55
+9
New Purchases
11
Added To
2
Closed
5
Reduced
6
Top 10 Concentration
68.0%
Turnover
29.1%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
INSM 14.70% 6.68% +8.02% $147M
IBIT 6.50% 0.00% +6.50% $65M
NU 6.40% 2.53% +3.88% $64M
LMT 1.35% 0.00% +1.35% $13M
RTX 1.05% 0.00% +1.05% $11M
TEVA 4.17% 3.19% +0.98% $42M
GOOG 2.70% 1.81% +0.89% $27M
MU 2.43% 1.65% +0.78% $24M
FIGR 0.75% 0.00% +0.75% $8M
AMZN 0.69% 0.00% +0.69% $7M
DOCU 0.62% 0.00% +0.62% $6M
IFS 4.09% 3.56% +0.53% $41M
AIFC 0.48% 0.00% +0.48% $5M
MSFT 2.96% 2.62% +0.34% $30M
BABA 0.80% 0.47% +0.33% $8M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SMH 0.10% 7.94% -7.84% $979K
SLV 0.11% 5.53% -5.42% $1M
COHR 0.00% 3.70% -3.70% $0
AAPL 2.45% 5.79% -3.34% $24M
YPF 2.62% 5.79% -3.17% $26M
NVDA 2.09% 4.25% -2.16% $21M
AMD 0.00% 1.18% -1.18% $0
AVGO 0.00% 0.58% -0.58% $0
CVNA 0.00% 0.47% -0.47% $0
APP 0.00% 0.46% -0.46% $0
MELI 9.98% 10.28% -0.31% $100M
GGAL 0.27% 0.46% -0.19% $3M
ARM 3.18% 3.35% -0.17% $32M
BBAR 0.05% 0.10% -0.04% $524K
ARGT 0.06% 0.07% -0.01% $621K

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 17 $259M 25.9%
Large Cap 26 $666M 66.5%
Mid Cap 9 $70M 7.0%
Small Cap 2 $745K 0.1%
Micro Cap 1 $5M 0.5%

Portfolio Analytics

Avg Market Cap
$597.8B
Median Market Cap
$65.7B
Avg P/E
57.3
Median P/E
31.8
Avg Dividend Yield
0.01%
Avg Beta
1.11
# Stocks
45
# ETFs / Funds
10

Top Holdings (55 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 INSM 14.70% 1,021,000 $147M $144.01 $75M +301,000 +41.8%
2 NTRA 13.36% 830,303 $134M $160.97 -$10M -19,117 -2.2%
3 MELI 9.98% 42,700 $100M $2,336.93 -$12M
4 IBIT 6.50% 1,000,000 $65M $65.00 +1,000,000 NEW
5 NU 6.40% 4,000,900 $64M $16.01 $37M +2,000,900 +100.0%
6 TEVA 4.17% 2,065,000 $42M $20.20 $7M
7 IFS 4.09% 1,022,210 $41M $40.00 $2M
8 ARM 3.18% 225,000 $32M $141.49 -$5M
9 MSFT 2.96% 57,100 $30M $517.95 $1M
10 GOOG 2.70% 111,000 $27M $243.55 $7M
11 YPF 2.62% 1,080,000 $26M $24.29 -$37M -920,000 -46.0%
12 AAPL 2.45% 96,100 $24M $254.63 -$38M -210,000 -68.6%
13 MU 2.43% 145,000 $24M $167.32 $6M
14 PANW 2.24% 110,000 $22M $203.62 -$112K
15 LLY 2.17% 28,500 $22M $763.02 -$471K
16 NVDA 2.09% 112,000 $21M $186.58 -$25M -180,000 -61.6%
17 META 1.98% 27,000 $20M $734.37 -$100K
18 JPM 1.77% 56,000 $18M $315.43 $1M
19 VRNA 1.44% 135,000 $14M $106.71 $2M
20 LMT 1.35% 27,000 $13M $499.22 +27,000 NEW
21 WMT 1.24% 120,000 $12M $103.06 $633K
22 WDAY 1.16% 48,000 $12M $240.73 $35K
23 INDA 1.09% 210,000 $11M $52.06 -$760K
24 RTX 1.05% 63,000 $11M $167.33 +63,000 NEW
25 BABA 0.80% 45,000 $8M $178.73 $3M
26 FIGR 0.75% 207,000 $8M $36.37 +207,000 NEW
27 CRWD 0.74% 15,000 $7M $490.40 -$284K
28 AMZN 0.69% 31,500 $7M $219.56 +31,500 NEW
29 DOCU 0.62% 85,400 $6M $72.08 +85,400 NEW
30 AIFC 0.48% 1,800,000 $5M $2.69 +1,800,000 NEW
31 NET 0.39% 18,000 $4M $214.61 $338K
32 MRVL 0.38% 45,000 $4M $84.07 $300K
33 XLV 0.35% 25,000 $3M $139.16 $109K
34 GGAL 0.27% 99,312 $3M $27.56 -$2M
35 TMUS 0.19% 8,000 $2M $239.38 $9K
36 TSLA 0.18% 4,000 $2M $444.75 $508K
37 GLD 0.18% 5,000 $2M $355.40 $253K
38 XLE 0.14% 16,000 $1M $89.31 $72K
39 XLF 0.14% 26,000 $1M $53.88 $39K
40 SLV 0.11% 25,000 $1M $42.36 -$59M -1,804,000 -98.6%
41 SMH 0.10% 3,000 $979K $326.33 -$85M -306,000 -99.0%
42 IBB 0.09% 6,500 $938K $144.31 $116K
43 OXY 0.07% 15,000 $709K $47.27 $79K
44 ARGT 0.06% 8,900 $621K $69.78 -$133K
45 BBAR 0.05% 63,000 $524K $8.32 -$513K
46 XMTR 0.03% 5,000 $272K $54.40 +5,000 NEW
47 ACM 0.03% 2,000 $261K $130.50 +2,000 NEW
48 ZM 0.02% 3,000 $248K $82.67 +3,000 NEW
49 ZBRA 0.02% 825 $245K $296.97 +825 NEW
50 ALLO 0.01% 100,000 $124K $1.24 $11K
51 COHR —% -$40M -450,000 -100.0% SOLD
52 AVGO —% -$6M -23,000 -100.0% SOLD
53 AMD —% -$13M -90,000 -100.0% SOLD
54 APP —% -$5M -14,400 -100.0% SOLD
55 CVNA —% -$5M -15,000 -100.0% SOLD

Options Breakdown

20 Calls $621M Call Value 1 Puts $242M Put Value 0.39 P/C Ratio

Top Calls

SymbolSharesValueStatus
NU 6,000,000 $96M
ASHR 2,500,000 $82M NEW
XLV 540,000 $75M NEW
AMZN 300,000 $66M NEW
IBIT 1,000,000 $65M NEW
MELI 24,800 $58M
NTRA 267,700 $43M NEW
SLV 979,700 $42M
ARM 250,000 $35M NEW
INDA 566,900 $30M NEW

Top Puts

SymbolSharesValueStatus
IWM 1,000,000 $242M NEW

New Positions

SymbolValue% Port
IBIT $65M 6.50%
LMT $13M 1.35%
RTX $11M 1.05%
FIGR $8M 0.75%
AMZN $7M 0.69%
DOCU $6M 0.62%
AIFC $5M 0.48%
XMTR $272K 0.03%
ACM $261K 0.03%
ZM $248K 0.02%
ZBRA $245K 0.02%

Sold Out Positions

SymbolValue% Port
COHR —%
AMD —%
APP —%
AVGO —%
CVNA —%
View SEC EDGAR Filings for NWI MANAGEMENT LP →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms