The Ups and Downs of NWI Management LP's Q3 vs. Q4 2022 13F Holdings

NWI Management LP recently released its Q3 and Q4 2022 13F filings, showcasing its holdings and any changes made between the two quarters. An analysis of the data reveals some interesting trends, including increased positions in some tech giants and surprising moves away from others. Here's what you need to know.

First off, NWI Management LP increased its stake in Microsoft Corp by 11.7%, adding 20,000 shares between Q3 and Q4. The fund also added to its already strong position in Alphabet Inc-Cl C, with an additional 50,000 shares bringing its total to 460,000.

However, the fund's actions with Apple Inc were somewhat surprising. While NWI Management LP increased its stake in the tech giant by 7,000 shares, bringing its total to 105,000, it also purchased 190,000 puts on Apple's stock during Q4. This move indicates that the fund may be hedging its bets on the company, which has faced controversy in recent months regarding its App Store policies.

Another notable increase was in T-Mobile US Inc, with NWI Management LP adding 55,000 shares between Q3 and Q4, representing a 37.7% increase. This move aligns with reports of T-Mobile's strong Q3 results, which saw the company add more than a million net new customers.

In the financial sector, NWI Management LP added to its position in JPMorgan Chase & Co by 6,000 shares, representing a 28.3% increase. However, the fund made a surprise move away from the sector, selling all of its 150,000 shares in Verizon Communications Inc during Q4.

In the tech industry, NWI Management LP increased its stake in Nvidia Corp by 2,490 shares, representing a 20.4% increase. The fund also added to its position in Advanced Micro Devices, with an additional 282 shares bringing its total to 200,000.

However, the fund made a significant move away from Palo Alto Networks Inc, selling 55,000 shares during Q4 and reducing its position by 47.7%. It also reduced its position in Cloudflare Inc-Class A by 10,000 shares, representing an 18.3% decrease.

In the airline industry, NWI Management LP increased its position in JetBlue Airways Corp by 450,000 shares, representing a 119.9% increase. The fund also increased its position in Southwest Airlines Co by 10,000 shares, representing a 5.4% increase. However, it decreased its position in Delta Air Lines Inc by 120,000 shares, representing a 14.1% decrease.

Finally, NWI Management LP made some surprising moves in other industries, including an increase in its position in Sumo Logic Inc by 296 shares, representing an 8% increase, and a decrease in its position in Caesars Entertainment Inc by 280 shares, representing a 28.9% decrease.

Overall, NWI Management LP's Q3 and Q4 13F filings reveal a mixed bag of holdings changes, with some expected increases but also some surprising moves away from certain companies and industries. Only time will tell how these changes will impact the fund's performance in the long run.