Windward Management LP

CIK 0001880817 · Q2 2026

13F Equity AUM

$329.5M

+153.3% QoQ

Positions

+2 QoQ

AUM Rank

#6,243

Top 50%

Skill Alpha (FF)

—

Building track record (2q)

Quarters Tracked

~0 years

Portfolio Concentration

Top 5: 93.6%Top 10: 100.0%Top 20: 100.0%

SPY45.3%

GRPN24.0%

NTGR10.6%

TBCH7.4%

BNED6.3%

PLAY2.8%

GEG2.2%

JACK0.9%

ALLT0.5%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services45.3%

Communication Services26.8%

Technology18.5%

Consumer Cyclical7.2%

Industrials2.2%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 9Median: 6.32%Avg: 11.11%

0–0.5%

1(0.5%)

0.5–1%

1(0.9%)

1–3%

2(5.0%)

3–5%

0(0.0%)

5%+

5(93.6%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 9vs 20 funds

0%Low

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New2Increased2Decreased3Exited0

New Positions

SPY45.3%

+200K

PLAY2.8%

+800K

Increased

GRPN24.0%

+317K(+11%)

TBCH7.4%

+100K(+5%)

Decreased

GEG2.2%

-850,600(-77%)

NTGR10.6%

-311,658(-17%)

BNED6.3%

-43,264(-3%)

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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