Q4 2025 · 13F-HR
Windward Management LPholdings as filed
Filed 2026-02-17 · accession 0001880817-26-000003
$170.5M
Reported value
12
Positions
2025-12-31
Period end
The Brief · Windward Management LP · Q4 2025
AI · grounded in 13F
Windward Management LP established a new position in Groupon Inc GRPN valued at $47.5M. The fund also initiated stakes in Netgear Inc NTGR for $35.5M and Geo Group Inc New GEO for $30.6M. Other new additions include Turtle Beach Corp TBCH and Barnes & Noble Ed Inc BNED.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 64111Q104 | NTGR | NETGEAR INC | $35.5M | 20.8% | 1,445,914 | Common | SOLE |
| 399473206 | GRPN | GROUPON INC | $34.1M | 20.0% | 1,937,812 | Common | SOLE |
| 900450206 | TBCH | TURTLE BEACH CORP | $24.1M | 14.1% | 1,715,798 | Common | SOLE |
| 36162J106 | GEO | GEO GROUP INC NEW | $17.7M | 10.4% | 1,100,700 | CALL | SOLE |
| 06777U200 | BNED | BARNES & NOBLE ED INC | $15.6M | 9.17% | 1,700,000 | Common | SOLE |
| 399473206 | GRPN | GROUPON INC | $13.3M | 7.82% | 757,200 | CALL | SOLE |
| 36162J106 | GEO | GEO GROUP INC NEW | $12.9M | 7.54% | 797,402 | Common | SOLE |
| 466367109 | JACK | JACK IN THE BOX INC | $7.4M | 4.34% | 390,183 | Common | SOLE |
| 18538R103 | CLW | CLEARWATER PAPER CORP | $4.3M | 2.55% | 250,000 | CALL | SOLE |
| M0854Q105 | ALLT | ALLOT LTD | $3.0M | 1.73% | 300,200 | CALL | SOLE |
| M0854Q105 | ALLT | ALLOT LTD | $2.1M | 1.25% | 216,333 | Common | SOLE |
| 92854T209 | SEAT | VIVID SEATS INC | $409,528 | 0.24% | 56,800 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.