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NWI Management Portfolio holdings

AUM $1.76B
1-Year Est. Return 45.08%
This Fund
S&P 500
This Quarter Est. Return
+13.09%
1 Year Est. Return
+45.08%
3 Year Est. Return
+169.79%
5 Year Est. Return
+196.17%
10 Year Est. Return
+701.13%
AUM
$2.17B
AUM Growth
+$296M
Cap. Flow
+$142M
Cap. Flow %
6.55%
Top 10 Hldgs %
62.99%
Holding
77
New
11
Increased
8
Reduced
11
Closed
20

Top Buys

Rank Stock Value
1
QQQ icon
Invesco QQQ Trust
QQQ
+$402M
2
XLV icon
State Street Health Care Select Sector SPDR ETF
XLV
+$57.1M
3
MSFT icon
Microsoft
MSFT
+$45.1M
4
TSM icon
TSMC
TSM
+$44.9M
5
AVGO icon
Broadcom
AVGO
+$29M

Top Sells

Rank Stock Value
1
IBIT icon
iShares Bitcoin Trust
IBIT
+$65M
2
NU icon
Nu Holdings
NU
+$28.9M
3
YPF icon
YPF Sociedad Anonima American Depositary Shares (Each representing ten (10) Class D shares of Capital Stock)
YPF
+$28.3M
4
LLY icon
Eli Lilly
LLY
+$25.8M
5
VRNA
Verona Pharma
VRNA
+$14.4M

Sector Composition

Rank Sector Weight
1 Healthcare 20.75%
2 Technology 14.57%
3 Financials 5.56%
4 Consumer Discretionary 5.27%
5 Communication Services 3.07%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AMZN icon
26
Amazon
AMZN
$3T
$20.1M 0.92%
87,000
+55,500
+176% +$12.7M
FLR icon
27
Fluor
FLR
$7.3B
$19.8M 0.91%
+500,000
New +$22.1M
ORCL icon
28
Oracle
ORCL
$435B
$19.5M 0.9%
+100,000
New +$23.8M
YPF icon
29
CALL
YPF Sociedad Anonima American Depositary Shares (Each representing ten (10) Class D shares of Capital Stock)
YPF
$20B
$18.1M 0.83%
500,400
– –
JPM icon
30
JPMorgan Chase
JPM
$956B
$17.7M 0.82%
55,000
-1,000
-2% -$310K
FIGR
31
Figure Technology Solutions
FIGR
$6.37B
$16.6M 0.77%
407,044
+200,044
+97% +$8M
NTRA icon
32
CALL
Natera
NTRA
$45.9B
$15.5M 0.71%
67,700
-200,000
-75% -$41.7M
WMT icon
33
Walmart Inc
WMT
$897B
$13.4M 0.62%
120,000
– –
LMT icon
34
Lockheed Martin
LMT
$139B
$13.1M 0.6%
27,000
– –
RTX icon
35
RTX Corp
RTX
$302B
$11.6M 0.53%
63,000
– –
INDA icon
36
iShares MSCI India ETF
INDA
$6.6B
$11.3M 0.52%
210,000
– –
RSP icon
37
Invesco S&P 500 Equal Weight ETF
RSP
$99.1B
$10.3M 0.48%
+54,000
New +$10.3M
WDAY icon
38
Workday
WDAY
$45.5B
$9.66M 0.45%
45,000
-3,000
-6% -$682K
COGT icon
39
Cogent Biosciences
COGT
$7.1B
$8.58M 0.4%
+241,671
New +$6.79M
YPF icon
40
YPF Sociedad Anonima American Depositary Shares (Each representing ten (10) Class D shares of Capital Stock)
YPF
$20B
$8.19M 0.38%
226,475
-853,525
-79% -$28.3M
SLV icon
41
iShares Silver Trust
SLV
$32B
$8.05M 0.37%
125,000
+100,000
+400% +$5.01M
CRWD icon
42
CrowdStrike
CRWD
$229B
$7.03M 0.32%
60,000
– –
STUB
43
StubHub Holdings
STUB
$3.3B
$6.76M 0.31%
500,000
– –
BABA icon
44
Alibaba
BABA
$317B
$6.6M 0.3%
45,000
– –
GGAL icon
45
Galicia Financial Group
GGAL
$7.46B
$5.36M 0.25%
99,312
– –
AZN icon
46
AstraZeneca
AZN
$251B
$4.6M 0.21%
25,000
– –
PYPL icon
47
CALL
PayPal
PYPL
$50.5B
$4.1M 0.19%
70,300
– –
NET icon
48
Cloudflare
NET
$111B
$3.55M 0.16%
18,000
– –
ETHA
49
iShares Ethereum Trust ETF
ETHA
$5.53B
$2.22M 0.1%
+99,000
New +$2.59M
GLD icon
50
SPDR Gold Trust
GLD
$143B
$1.98M 0.09%
5,000
– –
1
2
3 4

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SLF
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CGH
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CIP
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DF
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HHAM
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SFI
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VCM
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NWI Management's Q4 2025 Portfolio in Review

As of Q4 2025, NWI Management held 77 positions worth $2.17B, up 16% from $1.88B the previous quarter. Its ten largest holdings account for 63% of the portfolio.

NWI Management deployed $142M of net new capital in Q4 2025, opening 11 new positions and adding to 8 existing holdings. Its largest new stake was Invesco QQQ Trust: 655,200 shares worth $402M.

By sector, the portfolio is most concentrated in Healthcare at 21% of assets, up from 19% a quarter earlier, followed by Technology and Financials.

On the sell side, the largest reduction was Nu Holdings, an estimated $28.9M trimmed.

  • NWI Management's largest Q4 2025 buy was Invesco QQQ Trust: 655,200 shares worth $402M.
  • NWI Management added most to State Street Health Care Select Sector SPDR ETF in Q4 2025, an estimated $57.1M increase.
  • NWI Management's biggest Q4 2025 reduction was Nu Holdings, cutting an estimated $28.9M.
  • NWI Management fully exited iShares Bitcoin Trust in Q4 2025, selling an estimated $65M.
  • NWI Management's ten largest holdings make up 63% of its $2.17B portfolio in Q4 2025.
  • NWI Management opened 11 new positions and closed 20 in Q4 2025.
  • NWI Management's portfolio value rose 16% quarter-over-quarter to $2.17B.

Based on NWI Management's 13F filing for Q4 2025, filed 17 Feb 2026.