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NMI Holdings, Inc.

NMIH
Exchange
Nasdaq
Industry
Surety Insurance
SEC CIK
0001547903

In the last 90 days, NMI Holdings, Inc. insiders filed 0 open-market purchases and 3 sales; 358 institutions reported holding it in 13F filings for Q2 2026, worth $3.06B in total; no superinvestor holds it.

13F holders, Q4 2025

Institutional positions in NMI Holdings, Inc. as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
361
+17 vs. Q3 2025
Shares held
73.6M
−297.0K (−0.4%) vs. Q3 2025
Total value
$3.00B
+$168.8M (+6.0%) vs. Q3 2025
New holders
45
139 more added
Sold out
28
138 more reduced

8 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting NMIH on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 361 institutions
Q1 2021: 207 institutionsQ2 2021: 210 institutionsQ3 2021: 215 institutionsQ4 2021: 219 institutionsQ1 2022: 221 institutionsQ2 2022: 227 institutionsQ3 2022: 224 institutionsQ4 2022: 231 institutionsQ1 2023: 236 institutionsQ2 2023: 235 institutionsQ3 2023: 259 institutionsQ4 2023: 279 institutionsQ1 2024: 296 institutionsQ2 2024: 300 institutionsQ3 2024: 333 institutionsQ4 2024: 328 institutionsQ1 2025: 352 institutionsQ2 2025: 351 institutionsQ3 2025: 352 institutionsQ4 2025: 361 institutionsQ1 2026: 362 institutionsQ2 2026: 358 institutions
Value heldQ4 2025: $3.00B
Q1 2021: $1.90BQ2 2021: $1.82BQ3 2021: $1.85BQ4 2021: $1.78BQ1 2022: $1.72BQ2 2022: $1.38BQ3 2022: $1.67BQ4 2022: $1.70BQ1 2023: $1.78BQ2 2023: $2.02BQ3 2023: $2.10BQ4 2023: $2.30BQ1 2024: $2.52BQ2 2024: $2.65BQ3 2024: $3.16BQ4 2024: $2.76BQ1 2025: $2.73BQ2 2025: $3.17BQ3 2025: $2.85BQ4 2025: $3.00BQ1 2026: $2.78BQ2 2026: $3.06B
Institutions holding NMIH and their total value by quarter
QuarterHoldersValue
Q2 2026358$3.06B
Q1 2026362$2.78B
Q4 2025361$3.00B
Q3 2025352$2.85B
Q2 2025351$3.17B
Q1 2025352$2.73B
Q4 2024328$2.76B
Q3 2024333$3.16B
Q2 2024300$2.65B
Q1 2024296$2.52B
Q4 2023279$2.30B
Q3 2023259$2.10B
Q2 2023235$2.02B
Q1 2023236$1.78B
Q4 2022231$1.70B
Q3 2022224$1.67B
Q2 2022227$1.38B
Q1 2022221$1.72B
Q4 2021219$1.78B
Q3 2021215$1.85B
Q2 2021210$1.82B
Q1 2021207$1.90B

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding NMI Holdings, Inc.; share changes are against Q3 2025.

Institutions holding NMIH in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Gsa Capital Partners LLP72,511$2.96M0.25%+13,971+23.9%Added
Price T Rowe Associates Inc69,900$2.85M0.00%+1,991+2.9%Added
Voya Investment Management LLC67,671$2.76M0.00%+972+1.5%Added
Great West Life Assurance Co67,128$2.74M0.00%−16,390−19.6%Reduced
Pinnacle Holdings, LLC64,116$2.62M0.88%−43−0.1%Reduced
HSBC Holdings PLC62,848$2.58M0.00%−19,847−24.0%Reduced
Verition Fund Management LLC62,760$2.56M0.01%+43,117+219.5%Added
State of New Jersey Common Pension Fund D58,563$2.39M0.01%+4,343+8.0%Added
Bridges Investment Management Inc58,480$2.39M0.03%+2,878+5.2%Added
SEI Investments Co55,614$2.27M0.00%+1,381+2.5%Added
Susquehanna International Group, LLP54,061$2.21M0.00%+4,581+9.3%Added
Exchange Traded Concepts, LLC53,735$2.19M0.02%+3,496+7.0%Added
Schonfeld Strategic Advisors LLC53,381$2.18M0.01%−17,975−25.2%Reduced
Renaissance Technologies LLC52,653$2.15M0.00%−111,600−67.9%Reduced
Moran Wealth Management, LLC51,958$2.12M0.06%−4,237−7.5%Reduced
LPL Financial LLC51,720$2.11M0.00%+2,960+6.1%Added
Cresset Asset Management, LLC49,821$2.03M0.01%+256+0.5%Added
Virginia Retirement Systems Et Al49,706$2.03M0.01%−3,650−6.8%Reduced
Quest Partners LLC47,915$1.95M0.11%−45,662−48.8%Reduced
CWA Asset Management Group, LLC47,658$1.94M0.07%+2,368+5.2%Added
Horizon Investments, LLC47,480$1.94M0.02%+5,555+13.2%Added
Virtus ETF Advisers LLC46,813$1.91M0.91%00.0%Unchanged
Bridgeway Capital Management, LLC46,200$1.88M0.04%−3,800−7.6%Reduced
Canada Pension Plan Investment Board44,500$1.82M0.00%+10,700+31.7%Added
CWM, LLC43,702$1.78M0.00%+11,776+36.9%Added
MetLife Investment Management43,458$1.77M0.01%−2,852−6.2%Reduced
State of Alaska, Department of Revenue42,587$1.74M0.02%+223+0.5%Added
Integrated Quantitative Investments LLC42,190$1.72M0.37%+13,666+47.9%Added
Capital Fund Management S.A.41,862$1.71M0.02%+8,084+23.9%Added
KLP Kapitalforvaltning AS41,800$1.71M0.01%+3,300+8.6%Added
Illinois Municipal Retirement Fund40,830$1.67M0.02%+372+0.9%Added
Mariner, LLC39,111$1.60M0.00%+14,546+59.2%Added
Quantinno Capital Management LP38,608$1.57M0.00%+22,184+135.1%Added
Jefferies Financial Group Inc.38,600$1.57M0.01%+16,000+70.8%Added
SG Americas Securities, LLC37,812$1.54M0.00%+18,157+92.4%Added
ExodusPoint Capital Management, LP37,679$1.54M0.02%+37,679New
Natixis Advisors, L.P.37,543$1.53M0.00%+638+1.7%Added
Envestnet Asset Management Inc37,046$1.51M0.00%−30,986−45.5%Reduced
Diversified Trust Co36,705$1.50M0.03%+1,421+4.0%Added
Manufacturers Life Insurance Company, The36,340$1.48M0.00%−2,186−5.7%Reduced
Mirae Asset Global ETFs Holdings Ltd.36,314$1.48M0.00%−130.0%Reduced
Louisiana State Employees Retirement System35,200$1.44M0.02%−500−1.4%Reduced
Janus Henderson Group PLC35,174$1.43M0.00%00.0%Unchanged
Intech Investment Management LLC35,175$1.43M0.01%−33,438−48.7%Reduced
Victory Capital Management Inc35,015$1.43M0.00%+4,301+14.0%Added
State of Tennessee, Treasury Department36,365$1.41M0.00%+1,084+3.1%Added
Engineers Gate Manager LP31,749$1.30M0.02%−55,235−63.5%Reduced
Evergreen Capital Management LLC31,405$1.28M0.03%+16,470+110.3%Added
Susquehanna Portfolio Strategies, LLC31,186$1.27M0.02%−32,156−50.8%Reduced
Citigroup Inc30,666$1.25M0.00%−6,849−18.3%Reduced
Summit Global Investments30,466$1.24M0.07%−724−2.3%Reduced
Elo Mutual Pension Insurance Co30,251$1.23M0.02%−8,794−22.5%Reduced
Tealwood Asset Management Inc30,020$1.23M0.55%−518−1.7%Reduced
Jane Street Group, LLC29,014$1.18M0.00%−79,656−73.3%Reduced
NewEdge Wealth, LLC26,616$1.09M0.01%+2,989+12.7%Added
Y-Intercept (Hong Kong) Ltd26,504$1.08M0.02%−60,320−69.5%Reduced
Financial Strategies Group, Inc.25,900$1.05M0.19%+1,021+4.1%Added
Wealth Enhancement Advisory Services, LLC25,333$1.02M0.00%+3,252+14.7%Added
OP Asset Management Ltd24,898$1.02M0.01%00.0%Unchanged
Norges Bank24,164$985.6K0.00%+24,164New
NFC Investments, LLC24,110$983.0K0.28%00.0%Unchanged
Squarepoint Ops LLC24,092$982.7K0.00%+14,621+154.4%Added
Grantham, Mayo, Van Otterloo & Co. LLC23,598$962.6K0.00%−1,907−7.5%Reduced
State Board of Administration of Florida Retirement System23,437$956.0K0.00%00.0%Unchanged
Unison Advisors LLC22,757$928.3K0.08%00.0%Unchanged
Amalgamated Bank22,383$913.0K0.01%+110.0%Added
Inceptionr LLC22,283$908.9K0.25%−867−3.7%Reduced
Isthmus Partners, LLC22,000$897.4K0.10%00.0%Unchanged
Police & Firemen's Retirement System of New Jersey21,595$880.9K0.01%−38−0.2%Reduced
Arizona State Retirement System21,546$878.9K0.00%−1,553−6.7%Reduced
VARCOV Co.21,238$866.3K0.34%+21,238New
Daiwa Securities Group Inc.20,900$853.0K0.00%00.0%Unchanged
HGK Asset Management Inc20,709$844.7K0.13%−5,235−20.2%Reduced
Polaris Capital Management, LLC20,400$832.1K0.07%+20,400New
Dark Forest Capital Management LP20,097$819.8K0.04%+20,097New
Steadtrust LLC20,000$815.8K0.50%00.0%Unchanged
Glenmede Trust Co NA19,937$813.2K0.00%+19,937New
TD Asset Management Inc19,900$811.7K0.00%+3,900+24.4%Added
Teachers Retirement System of the State of Kentucky19,725$805.0K0.01%−2,684−12.0%Reduced
Handelsbanken Fonder AB19,300$787.0K0.00%00.0%Unchanged
Yousif Capital Management, LLC20,830$786.5K0.01%−3,177−13.2%Reduced
Evolve Private Wealth, LLC19,223$784.1K0.05%+19,223New
Commonwealth of Pennsylvania Public School Empls Retrmt Sys19,030$776.2K0.00%−726−3.7%Reduced
Mercer Global Advisors Inc18,816$767.5K0.00%+7,280+63.1%Added
Legend Financial Advisors, Inc.18,665$761.3K0.46%−35−0.2%Reduced
Susquehanna Fundamental Investments, LLC18,133$739.6K0.03%+18,133New
GWM Advisors LLC18,111$738.7K0.00%+8,175+82.3%Added
Oregon Public Employees Retirement Fund17,567$716.6K0.01%+100+0.6%Added
R Squared Ltd17,343$707.4K0.33%+1,540+9.7%Added
Hancock Whitney Corp17,235$703.0K0.01%+36+0.2%Added
Quantbot Technologies LP17,167$700.2K0.02%−22,311−56.5%Reduced
Aigen Investment Management, LP16,594$676.9K0.16%+16,594New
EntryPoint Capital, LLC16,393$668.7K0.26%+6,057+58.6%Added
Guggenheim Capital LLC16,120$657.5K0.00%+10,892+208.3%Added
Zurcher Kantonalbank (Zurich Cantonalbank)16,008$653.0K0.00%−8,465−34.6%Reduced
Vestcor Inc15,724$641.0K0.02%+4,000+34.1%Added
Pathstone Holdings, LLC15,513$632.8K0.00%−2,820−15.4%Reduced
Balyasny Asset Management LLC15,449$630.2K0.00%−35,936−69.9%Reduced
Stifel Financial Corp15,263$622.6K0.00%−54−0.4%Reduced
ProShare Advisors LLC15,172$618.9K0.00%+453+3.1%Added