Windward Management LP Hedge Fund

CIK: 0001880817 · Show all filings

Period: Q4 2025

Filing Date: Feb 17, 2026

Total Value ($000): $170,451 (100.0% shares, 0.0% debt)

Holdings (12)

NTGR NETGEAR INC 20.8%

Value ($000) $35,468 Shares 1,445,914 Est. Cost $28.77 Unrealized 0.0%

GRPN GROUPON INC 20.0%

Value ($000) $34,125 Shares 1,937,812 Est. Cost $18.84 Unrealized 0.0%

TBCH TURTLE BEACH CORP 14.1%

Value ($000) $24,073 Shares 1,715,798 Est. Cost $14.87 Unrealized 0.0%

GEO GEO GROUP INC NEW 10.4%

Value ($000) $17,743 Shares 1,100,700 Est. Cost $16.67 Unrealized 0.0%

BNED BARNES & NOBLE ED INC 9.2%

Value ($000) $15,623 Shares 1,700,000 Est. Cost $8.82 Unrealized 0.0%

GRPN GROUPON INC 7.8%

Value ($000) $13,334 Shares 757,200 Est. Cost $18.84 Unrealized 0.0%

GEO GEO GROUP INC NEW 7.5%

Value ($000) $12,854 Shares 797,402 Est. Cost $16.67 Unrealized 0.0%

JACK JACK IN THE BOX INC 4.3%

Value ($000) $7,394 Shares 390,183 Est. Cost $18.08 Unrealized 0.0%

CLW CLEARWATER PAPER CORP 2.6%

Value ($000) $4,350 Shares 250,000 Est. Cost — Unrealized —

ALLT ALLOT LTD 1.7%

Value ($000) $2,951 Shares 300,200 Est. Cost $9.59 Unrealized 0.0%

ALLT ALLOT LTD 1.2%

Value ($000) $2,127 Shares 216,333 Est. Cost $9.59 Unrealized 0.0%

SEAT VIVID SEATS INC 0.2%

Value ($000) $410 Shares 56,800 Est. Cost $9.83 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NTGR	NETGEAR INC	1,445,914	$35,468	20.8%	$28.77	0.0%	COM	64111Q104
GRPN	GROUPON INC	1,937,812	$34,125	20.0%	$18.84	0.0%	COM NEW	399473206
TBCH	TURTLE BEACH CORP	1,715,798	$24,073	14.1%	$14.87	0.0%	COM NEW	900450206
GEO	GEO GROUP INC NEW	1,100,700	$17,743	10.4%	$16.67	0.0%	Call	36162J106
BNED	BARNES & NOBLE ED INC	1,700,000	$15,623	9.2%	$8.82	0.0%	COM NEW	06777U200
GRPN	GROUPON INC	757,200	$13,334	7.8%	$18.84	0.0%	Call	399473206
GEO	GEO GROUP INC NEW	797,402	$12,854	7.5%	$16.67	0.0%	COM	36162J106
JACK	JACK IN THE BOX INC	390,183	$7,394	4.3%	$18.08	0.0%	COM	466367109
CLW	CLEARWATER PAPER CORP	250,000	$4,350	2.6%	—	—	Call	18538R103
ALLT	ALLOT LTD	300,200	$2,951	1.7%	$9.59	0.0%	Call	M0854Q105
ALLT	ALLOT LTD	216,333	$2,127	1.2%	$9.59	0.0%	SHS	M0854Q105
SEAT	VIVID SEATS INC	56,800	$410	0.2%	$9.83	0.0%	COM CL A	92854T209