Windward Management LP
Windward Management LP reported 7 US-listed holdings worth $137.7 million in its 13F for the quarter ended 30 June 2026, filed 17 August 2026. Its largest: Groupon Inc. (41.0%), Netgear Inc. (23.2%) and Barnes & Noble Ed Inc. (15.1%). Against the quarter before, it opened 1 position, added to 1, trimmed 2 and sold out of 0.
The 7 largest of its 7 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.
What the fund reported holding at each quarter's end; hover a bar for the number of positions
What its reported holdings returned
Held through each quarter, the holdings it reported returned +15.6% over the 2 quarters to 30 June 2026, against +9.5% for the S&P 500.
Not the fund's own return: each 13F's holdings are kept unchanged until the next one, so trades inside a quarter, dividends, cash and fees are left out. A rough guide to how its picks have done over time.
What it did on the quarter
Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held
Opened 1
- Dave & Busters Entmt Inc. PLAY$4.0 million
Added to 1
- Groupon Inc. GRPN+135,359 shares · +6%
Trimmed 2
- Netgear Inc. NTGR-86,958 shares · -6%
- Barnes & Noble Ed Inc. BNED-43,264 shares · -3%
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| Groupon Inc. GRPN | 2.3M | $56.4 million | 40.98% | +135.4K |
| Netgear Inc. NTGR | 1.4M | $32.0 million | 23.22% | -87.0K |
| Barnes & Noble Ed Inc. BNED | 1.7M | $20.8 million | 15.11% | -43.3K |
| Turtle Beach Corp. TBCH | 1.6M | $20.0 million | 14.54% | no change |
| Dave & Busters Entmt Inc. PLAY | 350.0K | $4.0 million | 2.90% | new |
| Jack in the Box Inc. JACK | 182.4K | $2.9 million | 2.09% | no change |
| Allot Ltd ALLT | 180.0K | $1.6 million | 1.16% | no change |
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Change is shares against its 13F for the quarter before.Options it reported
| Company | Option | Shares under the options | Value of those shares |
|---|---|---|---|
| SPDR S&P 500 SPY | Puts | 200.0K | $149.4 million |
| Groupon Inc. GRPN | Calls | 940.0K | $22.6 million |
| GEO Group Inc. GEO | Calls | 250.1K | $7.4 million |
| Dave & Busters Entmt Inc. PLAY | Calls | 450.0K | $5.1 million |
| Turtle Beach Corp. TBCH | Calls | 350.0K | $4.4 million |
| Netgear Inc. NTGR | Calls | 125.3K | $2.9 million |
6 option lines. A 13F lists calls and puts by the shares they cover and what those shares were worth at the quarter's end, not what the options cost; they are not counted in the holdings above.