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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
Voleon Capital Management LP15,159$618.3K0.01%−2,038−11.9%Reduced
US Bancorp14,999$611.8K0.00%−175−1.2%Reduced
Winton Group Ltd14,857$606.0K0.02%−12,917−46.5%Reduced
Graham Capital Management, L.P.14,839$605.3K0.02%−9,047−37.9%Reduced
Axq Capital, LP14,834$605.1K0.14%+9,151+161.0%Added
Fox Run Management, L.L.C.14,831$605.0K0.09%+8,360+129.2%Added
Mackenzie Financial Corp14,685$604.0K0.00%+14,685New
Illumine Investment Management, LLC14,682$598.9K0.44%−110−0.7%Reduced
Brevan Howard Capital Management LP14,540$593.1K0.01%−1,320−8.3%Reduced
Quadrant Capital Group LLC14,236$580.7K0.02%−253−1.7%Reduced
Legato Capital Management LLC13,659$557.2K0.05%+13,659New
Los Angeles Capital Management LLC14,699$534.3K0.00%−25,884−63.8%Reduced
Aviva PLC12,655$516.2K0.00%+560+4.6%Added
Toroso Investments, LLC12,605$514.2K0.00%−20,100−61.5%Reduced
Pictet Asset Management Holding SA12,104$493.7K0.00%00.0%Unchanged
Keebeck Wealth Management, LLC12,044$491.3K0.06%−407−3.3%Reduced
Cetera Investment Advisers11,715$477.9K0.00%+844+7.8%Added
Entropy Technologies, LP11,700$477.2K0.03%+5,705+95.2%Added
Amundi11,490$468.7K0.00%−2,488−17.8%Reduced
HighTower Advisors, LLC11,454$467.2K0.00%−14−0.1%Reduced
CWM Advisors, LLC11,408$465.3K0.04%−401−3.4%Reduced
Bokf, NA11,362$463.5K0.01%−57−0.5%Reduced
Maryland State Retirement & Pension System11,232$458.2K0.01%+80+0.7%Added
Allspring Global Investments Holdings, LLC10,642$432.2K0.00%−7,159−40.2%Reduced
Capstone Investment Advisors, LLC10,374$423.2K0.00%+10,374New
EP Wealth Advisors, LLC10,235$417.5K0.00%+10,235New
Citizens Financial Group Inc9,889$403.4K0.01%−3,749−27.5%Reduced
Sumitomo Mitsui Trust Holdings, Inc.9,700$395.7K0.00%+900+10.2%Added
JustInvest LLC9,689$395.2K0.00%+674+7.5%Added
XTX Topco Ltd9,615$392.2K0.01%−337−3.4%Reduced
The PNC Financial Services Group, Inc.9,472$386.4K0.00%+1,986+26.5%Added
Janney Montgomery Scott LLC8,858$361.0K0.00%−1,761−16.6%Reduced
Mutual of America Capital Management LLC8,785$358.3K0.00%+95+1.1%Added
RBF Capital, LLC8,425$343.7K0.02%00.0%Unchanged
Bank of Montreal8,165$333.1K0.00%−253−3.0%Reduced
DekaBank Deutsche Girozentrale9,669$329.0K0.00%00.0%Unchanged
Neuberger Berman Group LLC7,954$324.4K0.00%+421+5.6%Added
Centaurus Financial, Inc.7,751$316.0K0.01%+579+8.1%Added
Pallas Capital Advisors LLC7,618$310.7K0.01%−328−4.1%Reduced
Contravisory Investment Management, Inc.7,616$310.7K0.06%−281−3.6%Reduced
Vise Technologies, Inc.7,189$293.2K0.01%+7,189New
Sterling Capital Management LLC7,132$290.9K0.00%−11,142−61.0%Reduced
Aquatic Capital Management LLC7,021$286.4K0.01%−31,340−81.7%Reduced
Atria Investments LLC7,015$286.1K0.00%−389−5.3%Reduced
MML Investors Services, LLC6,673$272.2K0.00%−310−4.4%Reduced
Profund Advisors LLC6,545$267.0K0.01%+124+1.9%Added
Ameritas Investment Partners, Inc.6,533$266.5K0.01%00.0%Unchanged
Mirabella Financial Services LLP6,501$265.2K0.03%+6,501New
Skopos Labs, Inc.6,150$254.7K0.01%+6,150New
Xponance, Inc.6,184$252.2K0.00%+45+0.7%Added
ISAM Funds (UK) Ltd6,175$251.9K0.09%+6,175New
Bailard, Inc.5,700$232.5K0.01%00.0%Unchanged
Crossmark Global Holdings, Inc.5,647$230.3K0.00%+10.0%Added
CAPROCK Group, Inc.5,615$229.0K0.00%+493+9.6%Added
CI Private Wealth, LLC5,609$228.8K0.00%−19−0.3%Reduced
Hohimer Wealth Management, LLC5,585$227.8K0.03%+18+0.3%Added
FourThought Financial Partners, LLC5,582$227.7K0.02%+5,582New
Buckingham Strategic Partners5,519$225.1K0.00%+5,519New
Ensign Peak Advisors, Inc5,273$215.1K0.00%−13,600−72.1%Reduced
Sequoia Financial Advisors, LLC5,246$214.0K0.00%+5,246New
Kestra Investment Management, LLC5,192$211.8K0.01%−1,954−27.3%Reduced
Abacus Wealth Partners, LLC5,182$211.4K0.02%+5,182New
CIBC World Markets Corp5,173$211.0K0.00%+5,173New
Longboard Asset Management, LP5,171$210.9K1.34%+5,171New
Merit Financial Group, LLC5,169$210.8K0.00%+5,169New
Tower Research Capital LLC (TRC)4,708$192.0K0.00%+2,286+94.4%Added
Thompson Investment Management, Inc.4,000$163.2K0.02%00.0%Unchanged
Covestor Ltd3,894$159.0K0.08%+398+11.4%Added
State of Wyoming3,865$157.7K0.02%−5,089−56.8%Reduced
New Age Alpha Advisors, LLC3,395$138.5K0.01%−154−4.3%Reduced
Smartleaf Asset Management LLC3,291$135.6K0.01%−100−2.9%Reduced
Acadian Asset Management LLC3,158$128.0K0.00%+1,232+64.0%Added
KBC Group NV2,615$107.0K0.00%00.0%Unchanged
First Horizon Corp2,381$97.1K0.00%+1,952+455.0%Added
Smithfield Trust Co2,354$96.0K0.00%00.0%Unchanged
Advisor Group Holdings, Inc.2,231$91.0K0.00%−2,749−55.2%Reduced
GAMMA Investing LLC2,072$84.5K0.00%+580+38.9%Added
EverSource Wealth Advisors, LLC1,982$80.8K0.00%−432−17.9%Reduced
Global Retirement Partners, LLC1,688$68.9K0.00%+1,148+212.6%Added
Nisa Investment Advisors, LLC1,548$63.1K0.00%−24−1.5%Reduced
Whittier Trust Co1,533$61.9K0.00%00.0%Unchanged
Financial Consulate, Inc1,425$58.1K0.01%−12−0.8%Reduced
Lavaca Capital LLC1,400$57.1K0.01%00.0%Unchanged
Essential Partners LLC1,280$52.2K0.02%+37+3.0%Added
Federated Hermes, Inc.1,263$51.5K0.00%−34,002−96.4%Reduced
BNP PARIBAS ASSET MANAGEMENT Holding S.A.1,262$51.0K0.00%+301+31.3%Added
Allworth Financial LP1,225$50.0K0.00%+565+85.6%Added
Rockefeller Capital Management L.P.1,160$47.3K0.00%+301+35.0%Added
Farther Finance Advisors, LLC1,004$41.0K0.00%+620+161.5%Added
Harbor Capital Advisors, Inc.842$34.0K0.00%−14−1.6%Reduced
STRS Ohio800$32.6K0.00%−14,300−94.7%Reduced
IFP Advisors, Inc796$32.5K0.00%+521+189.5%Added
Bessemer Group Inc799$32.0K0.00%−46−5.4%Reduced
Pinnacle Wealth Planning Services, Inc.770$31.4K0.00%+770New
Maseco LLP759$31.0K0.00%+759New
Public Employees Retirement System of Ohio757$30.9K0.00%−1−0.1%Reduced
Pacer Advisors, Inc.634$25.9K0.00%+52+8.9%Added
Signaturefd, LLC633$25.8K0.00%+29+4.8%Added
Nomura Asset Management Co Ltd630$25.7K0.00%00.0%Unchanged
Salomon & Ludwin, LLC580$23.9K0.00%−10−1.7%Reduced