NWI Management (Hari Hariharan) latest 13F portfolio: 52 holdings worth $1.6B as of Q1 2026.
Backtested since 2020: mirroring NWI Management's reported 13F equity holdings each quarter would have returned +248.1% versus +194.1%for the S&P 500 (+22.2% annualized). See the Performance tab for the full equity curve.
Investor: Hari Hariharan
Number of Assets: 52
Reporting Period: Q1 - 2026
Holdings at Report: $1,634,685,000
Return $ Since Report: +$321,543,318
Return % Since Report: +19.67%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Apple Inc. (AAPL) | Equity | 0% | 96,100 | 1.49% | $253.79 | $312.41 | $24,389,000 | $30,022,601 | +$5,633,601 | +23.10% |
| Becton Dickinson And Company (BDX) | Equity | +100% | 225,000 | 2.16% | $157.23 | $177.07 | $35,377,000 | $39,840,750 | +$4,463,750 | +12.62% |
| Ishares Ethereum TR (ETHA) | Equity | 0% | 99,000 | 0.10% | $15.83 | $14.40 | $1,567,000 | $1,425,600 | -$141,400 | -9.02% |
| SPDR Gold Shares (GLD) | Equity | 0% | 5,000 | 0.13% | $430.20 | $389.67 | $2,151,000 | $1,948,350 | -$202,650 | -9.42% |
| JP Morgan Chase & Co. (JPM) | Equity | 0% | 55,000 | 0.99% | $294.16 | $356.30 | $16,179,000 | $19,596,500 | +$3,417,500 | +21.12% |
| Microsoft Corp. (MSFT) | Equity | +36.71% | 201,100 | 4.55% | $370.17 | $499.86 | $74,441,000 | $100,521,846 | +$26,080,846 | +35.04% |
| Palo Alto Networks Inc. (PANW) | Equity | 0% | 110,000 | 1.08% | $160.32 | $359.49 | $17,635,000 | $39,543,900 | +$21,908,900 | +124.24% |
| Stubhub Hldgs INC (STUB) | Equity | 0% | 500,000 | 0.19% | $6.24 | $8.88 | $3,120,000 | $4,440,000 | +$1,320,000 | +42.31% |
| T-Mobile Us Inc. (TMUS) | Equity | 0% | 8,000 | 0.10% | $210.00 | $179.97 | $1,680,000 | $1,439,760 | -$240,240 | -14.30% |
| Tesla Inc. (TSLA) | Equity | 0% | 4,000 | 0.09% | $371.75 | $319.53 | $1,487,000 | $1,278,120 | -$208,880 | -14.05% |
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | Equity | 0% | 153,000 | 3.16% | $337.95 | $418.20 | $51,706,000 | $63,984,600 | +$12,278,600 | +23.75% |
| The Health Care Select Sector SPDR Fund (XLV) | Equity | -93.85% | 25,000 | 0.22% | $146.60 | $164.45 | $3,665,000 | $4,111,250 | +$446,250 | +12.18% |
| Amazon.com Inc. (AMZN) | Equity | 0% | 87,000 | 1.11% | $208.26 | $272.26 | $18,119,000 | $23,686,620 | +$5,567,620 | +30.73% |
| Alibaba Group Holding Limited (BABA) | Equity | 0% | 45,000 | 0.35% | $125.47 | $126.81 | $5,646,000 | $5,706,450 | +$60,450 | +1.07% |
| CrowdStrike Holdings Inc. (CRWD) | Equity | 0% | 15,000 | 0.36% | $390.40 | $207.39 | $5,856,000 | $3,110,850 | -$2,745,150 | -46.88% |
| Ishares MSCI Brazil ETF (EWZ) | Equity | +100% | 1,860,000 | 4.37% | $38.39 | $35.81 | $71,405,000 | $66,606,600 | -$4,798,400 | -6.72% |
| Alphabet Inc. (GOOG) | Equity | 0% | 110,000 | 1.93% | $286.86 | $356.62 | $31,555,000 | $39,228,200 | +$7,673,200 | +24.32% |
| Intercorp. Financial Services Inc. (IFS) | Equity | 0% | 1,022,210 | 3.12% | $49.90 | $58.97 | $51,008,000 | $60,279,724 | +$9,271,724 | +18.18% |
| Direxion Shares ETF Trust (KORU) | Equity | +100% | 12,552 | 0.22% | $284.10 | $16.81 | $3,566,000 | $210,999 | -$3,355,001 | -94.08% |
| Northrop Grumman Corp. (NOC) | Equity | +100% | 21,500 | 0.90% | $682.23 | $567.74 | $14,668,000 | $12,206,410 | -$2,461,590 | -16.78% |
| Natera Inc. (NTRA) | Equity | 0% | 762,603 | 9.33% | $199.99 | $265.38 | $152,513,000 | $202,379,584 | +$49,866,584 | +32.70% |
| Nu Holdings Ltd. (NU) | Equity | +181.70% | 6,201,400 | 5.45% | $14.37 | $14.12 | $89,114,000 | $87,563,768 | -$1,550,232 | -1.74% |
| Nvidia Corp. (NVDA) | Equity | 0% | 112,000 | 1.19% | $174.40 | $218.99 | $19,533,000 | $24,526,880 | +$4,993,880 | +25.57% |
| Invesco QQQ Trust (QQQ) | Equity | -6.18% | 614,700 | 21.70% | $577.18 | $714.65 | $354,793,000 | $439,295,355 | +$84,502,355 | +23.82% |
| Ishares Silver Trust (SLV) | Equity | -48.00% | 65,000 | 0.27% | $68.14 | $55.85 | $4,429,000 | $3,630,250 | -$798,750 | -18.03% |
| Vaneck Semiconductor ETF (SMH) | Equity | 0% | 3,000 | 0.07% | $383.33 | $571.48 | $1,150,000 | $1,714,440 | +$564,440 | +49.08% |
| Teva Pharmaceutical Industries Limited (TEVA) | Equity | 0% | 2,065,000 | 3.80% | $30.12 | $34.81 | $62,198,000 | $71,882,650 | +$9,684,650 | +15.57% |
| Allogene Therapeutics Inc. (ALLO) | Equity | 0% | 100,000 | 0.01% | $2.44 | $1.97 | $244,000 | $197,000 | -$47,000 | -19.26% |
| Arm Holdings PLC (ARM) | Equity | 0% | 206,730 | 1.91% | $151.28 | $286.68 | $31,274,000 | $59,265,356 | +$27,991,356 | +89.50% |
| Banco Bbva Argentina S.A. (BBAR) | Equity | 0% | 63,000 | 0.06% | $16.06 | $17.41 | $1,012,000 | $1,096,830 | +$84,830 | +8.38% |
| Ishares MSCI South Korea ETF (EWY) | Equity | +100% | 9,000 | 0.07% | $123.00 | $164.12 | $1,107,000 | $1,477,080 | +$370,080 | +33.43% |
| Grupo Financiero Galicia S.A. (GGAL) | Equity | 0% | 99,312 | 0.28% | $46.71 | $46.73 | $4,639,000 | $4,640,850 | +$1,850 | +0.04% |
| Eli Lilly And Company (LLY) | Equity | +3600.00% | 55,500 | 3.12% | $919.77 | $1,191.94 | $51,047,000 | $66,152,670 | +$15,105,670 | +29.59% |
| Meta Platforms Inc. (META) | Equity | +150.00% | 90,000 | 3.15% | $572.13 | $589.90 | $51,492,000 | $53,091,000 | +$1,599,000 | +3.11% |
| Micron Technology Inc. (MU) | Equity | 0% | 144,000 | 2.98% | $337.84 | $881.47 | $48,649,000 | $126,931,680 | +$78,282,680 | +160.91% |
| Oracle Corp. (ORCL) | Equity | 0% | 100,000 | 0.90% | $147.11 | $143.47 | $14,711,000 | $14,347,000 | -$364,000 | -2.47% |
| Invesco S&P 500 Equal Weight ETF (RSP) | Equity | 0% | 54,000 | 0.63% | $191.93 | $218.58 | $10,364,000 | $11,803,320 | +$1,439,320 | +13.89% |
| Global X MSCI Argentina ETF (ARGT) | Equity | 0% | 8,900 | 0.05% | $93.37 | $92.56 | $831,000 | $823,784 | -$7,216 | -0.87% |
| Astrazeneca PLC (AZN) | Equity | -50.00% | 25,000 | 0.30% | $197.20 | $161.07 | $4,930,000 | $4,026,750 | -$903,250 | -18.32% |
| Figure Technology Solutio (FIGR) | Equity | -4.19% | 390,000 | 0.81% | $33.95 | $28.60 | $13,240,000 | $11,154,000 | -$2,086,000 | -15.76% |
| Ishares MSCI India ETF (INDA) | Equity | 0% | 210,000 | 0.60% | $46.84 | $50.12 | $9,836,000 | $10,525,200 | +$689,200 | +7.01% |
| Insmed Inc. (INSM) | Equity | +2.58% | 1,014,000 | 10.14% | $163.52 | $132.55 | $165,809,000 | $134,405,700 | -$31,403,300 | -18.94% |
| Kraneshares Csi China Internet ETF (KWEB) | Equity | +100% | 900,000 | 1.57% | $28.43 | $28.38 | $25,587,000 | $25,542,000 | -$45,000 | -0.18% |
| Lockheed Martin Corp. (LMT) | Equity | 0% | 27,000 | 1.00% | $604.41 | $582.85 | $16,319,000 | $15,736,950 | -$582,050 | -3.57% |
| Newamsterdam Pharma Company N.V. (NAMS) | Equity | 0% | 702,000 | 1.37% | $32.01 | $27.67 | $22,471,000 | $19,424,340 | -$3,046,660 | -13.56% |
| RTX Corp. (RTX) | Equity | 0% | 63,000 | 0.74% | $192.90 | $223.25 | $12,153,000 | $14,064,750 | +$1,911,750 | +15.73% |
| Waters Corp. (WAT) | Equity | +100% | 19,489 | 0.36% | $297.81 | $399.70 | $5,804,000 | $7,789,753 | +$1,985,753 | +34.21% |
| Walmart Inc. (WMT) | Equity | 0% | 120,000 | 0.91% | $124.28 | $112.07 | $14,914,000 | $13,448,400 | -$1,465,600 | -9.83% |
| Microsoft Corporation (MSFT) | Call | -50.00% | 90,000 | N/A | $370.17 | N/A | $33,315,000 | N/A | N/A | N/A |
| Nu Holdings Ltd. (NU) | Call | -85.71% | 1,000,000 | N/A | $14.37 | N/A | $14,370,000 | N/A | N/A | N/A |
| Ishares MSCI Brazil ETF (EWZ) | Call | +100% | 2,000,000 | N/A | $38.39 | N/A | $76,780,000 | N/A | N/A | N/A |
| Cogent Biosciences Inc. (COGT) | Equity | 0% | 241,671 | 0.57% | $38.49 | $41.80 | $9,302,000 | $10,101,848 | +$799,848 | +8.60% |