Windward Management LP
Miami Beach, FL
$138m in 7 US stocks at the end of 30 June 2026. The top 10 are 100.0% of the money. It changed about 15.6% of the portfolio this quarter.
Value
$138m
Stocks
7
Top 10 share
100.0%
Turnover
15.6%
What changed this quarter
New
Bought for the first time this quarter.
- Dave & Buster's EntertainmentPLAY2.9% of the fund
Added
Bought more of a stock they already held.
- GrouponGRPN41.0% of the fund+6%
Cut
Sold some of their stake.
- NetgearNTGR23.2% of the fund-6%
- Barnes & Noble EducationBNED15.1% of the fund-3%
Sold out
Sold their entire stake.
None this quarter.
Holdings
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| GrouponGRPN | 41.0% | $56m | 2,345,000 | +6% |
| NetgearNTGR | 23.2% | $32m | 1,368,956 | -6% |
| Barnes & Noble EducationBNED | 15.1% | $21m | 1,656,736 | -3% |
| Turtle BeachTBCH | 14.5% | $20m | 1,607,989 | Held |
| Dave & Buster's EntertainmentPLAY | 2.9% | $4m | 350,000 | New |
| Jack IN the BOXJACK | 2.1% | $3m | 182,404 | Held |
| AllotALLT | 1.2% | $2m | 180,000 | Held |
Options (6)
- State STR Spdr S&P 500 ETF TSPY
- Type
- Put
- Value
- $149m
- Contracts
- 200,000
- GrouponGRPN
- Type
- Call
- Value
- $23m
- Contracts
- 940,000
- GEO GroupGEO
- Type
- Call
- Value
- $7m
- Contracts
- 250,100
- Dave & Buster's EntertainmentPLAY
- Type
- Call
- Value
- $5m
- Contracts
- 450,000
- Turtle BeachTBCH
- Type
- Call
- Value
- $4m
- Contracts
- 350,000
- NetgearNTGR
- Type
- Call
- Value
- $3m
- Contracts
- 125,300
| Company | Type | Value | Contracts |
|---|---|---|---|
| State STR Spdr S&P 500 ETF TSPY | Put | $149m | 200,000 |
| GrouponGRPN | Call | $23m | 940,000 |
| GEO GroupGEO | Call | $7m | 250,100 |
| Dave & Buster's EntertainmentPLAY | Call | $5m | 450,000 |
| Turtle BeachTBCH | Call | $4m | 350,000 |
| NetgearNTGR | Call | $3m | 125,300 |
Over time and by industry
Value over time
Dec '25
Jun '26
Value is up 4.2% since 31 December 2025.
Where the money is
Media & telecom41.0%
Technology38.9%
Retail & consumer20.1%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.