# Windward Management LP

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1880817. Source: https://holderbook.com/funds/1880817-windward-management-lp/

- Reported value: $329.5M
- Positions: 9
- Weight of the ten largest: 100.0%
- Filed: 2026-08-17

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $149.4M | 0 | 45.3% | 1 |
| GROUPON INC | [GRPN](https://holderbook.com/stocks/GRPN/) | $79.0M | 2,345,000 | 24.0% | 3 |
| NETGEAR INC | [NTGR](https://holderbook.com/stocks/NTGR/) | $34.9M | 1,368,956 | 10.6% | 3 |
| TURTLE BEACH CORP | [TBCH](https://holderbook.com/stocks/TBCH/) | $24.4M | 1,607,989 | 7.4% | 3 |
| BARNES & NOBLE ED INC | [BNED](https://holderbook.com/stocks/BNED/) | $20.8M | 1,656,736 | 6.3% | 3 |
| DAVE & BUSTERS ENTMT INC | [PLAY](https://holderbook.com/stocks/PLAY/) | $9.1M | 350,000 | 2.8% | 1 |
| GEO GROUP INC | [GEO](https://holderbook.com/stocks/GEO/) | $7.4M | 0 | 2.2% | 3 |
| JACK IN THE BOX INC | [JACK](https://holderbook.com/stocks/JACK/) | $2.9M | 182,404 | 0.9% | 3 |
| ALLOT LTD | [ALLT](https://holderbook.com/stocks/ALLT/) | $1.6M | 180,000 | 0.5% | 3 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +44.0% | +14.8% | +29.2% | 83% |
| Q1 2026 | -19.7% | -4.6% | -15.1% | 80% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $329.5M | 9 |
| Q1 2026 | $130.1M | 7 |
| Q4 2025 | $170.5M | 9 |