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NMI Holdings
NMIH

351 hedge funds and large institutions have $2.73B invested in NMI Holdings in 2025 Q1 according to their latest regulatory filings, with 51 funds opening new positions, 134 increasing their positions, 125 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

684% more call options, than puts

Call options by funds: $1.61M | Put options by funds: $205K

104% more first-time investments, than exits

New positions opened: 51 | Existing positions closed: 25

100% more funds holding in top 10

Funds holding in top 10: 2 → 4 (+2)

7% more funds holding

Funds holding: 328 → 351 (+23)

1.62% more ownership

Funds ownership: 94.83% → 96.44% (+1.6%)

7% more repeat investments, than reductions

Existing positions increased: 134 | Existing positions reduced: 125

1% less capital invested

Capital invested by funds: $2.76B → $2.73B (-$30.9M)

Holders
351
Holders Change
+23
Holders Change %
+7.01%
% of All Funds
4.71%
Holding in Top 10
4
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
51
Increased
134
Reduced
125
Closed
25
Calls
$1.61M
Puts
$205K
Net Calls
+$1.4M
Net Calls Change
+$764K

Top Buyers

1
Millennium Management
Millennium Management
New York
+$35.3M
2
Assenagon Asset Management
Assenagon Asset Management
Luxembourg
+$30.7M
3
GAM
Goldentree Asset Management
New York
+$18.6M
4
Public Sector Pension Investment Board (PSP Investments)
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
+$12.6M
5
Aberdeen Group
Aberdeen Group
United Kingdom
+$10.8M

Top Sellers

1
Fidelity Investments
Fidelity Investments
Massachusetts
-$42.7M
2
BlackRock
BlackRock
New York
-$22M
3
DSC
Donald Smith & Co
New York
-$16.7M
4
Invesco
Invesco
Georgia
-$13.2M
5
State Street
State Street
Massachusetts
-$10.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
WTC
301
WhitTier Trust Company
Nevada
$18.5K -$73 -2 -0.4%
SIC
302
Salem Investment Counselors
North Carolina
$18K -$18.2K -500 -50%
MHIP
303
Mountain Hill Investment Partners
New Jersey
$18K – – –
Simplex Trading
304
Simplex Trading
Illinois
$17K +$17.7K +486 New
SS
305
SBI Securities
Japan
$14.4K – – –
UB
306
UMB Bank
Missouri
$12.8K +$5.85K +161 +83%
KIM
307
Kestra Investment Management
Texas
$12K +$12.1K +334 New
ST
308
Smithfield Trust
Pennsylvania
$8K – – –
CI
309
CX Institutional
Indiana
$7K +$7.24K +199 New
BIA
310
Bell Investment Advisors
California
$6.99K – – –
Fifth Third Bancorp
311
Fifth Third Bancorp
Ohio
$6.27K +$1.53K +42 +32%
LI
312
LRI Investments
Florida
$5.66K – – –
MCM
313
MAI Capital Management
Ohio
$5.05K -$1.02K -28 -17%
WSFS
314
Wilmington Savings Fund Society
Delaware
$4.9K – – –
RIL
315
Rothschild Investment LLC
Illinois
$4.87K +$2K +55 +69%
BIG
316
Brooklyn Investment Group
New York
$4.69K +$4.54K +125 +2,500%
CAM
317
Creekmur Asset Management
Illinois
$4.04K -$582 -16 -13%
HWM
318
Hemington Wealth Management
Virginia
$4K +$1.34K +37 +49%
AF
319
Allworth Financial
California
$3.66K +$582 +16 +17%
AAP
320
Arax Advisory Partners
Colorado
$3.32K -$12.9K -356 -79%
MPWT
321
MassMutual Private Wealth & Trust
Connecticut
$3.32K +$73 +2 +2%
MCM
322
Manchester Capital Management
Vermont
$3.25K – – –
GWM
323
Geneos Wealth Management
Colorado
$3.24K +$3.27K +90 New
JWA
324
JFS Wealth Advisors
Pennsylvania
$3.21K – – –
HCP
325
Hexagon Capital Partners
Arkansas
$3.17K +$1.89K +52 +144%
11 12
13
14 15

NMIH Hedge Fund Activity: Q1 2025 in Review

351 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in NMI Holdings (NMIH) for Q1 2025, worth a combined $2.73B — down 1.1% from $2.76B a quarter earlier.

Buyers outnumbered sellers: 51 funds opened new NMIH positions and 25 closed out — a net gain of 26 holders — while 134 added to existing stakes and 125 trimmed.

The largest buyer was Millennium Management, adding an estimated $35.3M. The largest seller was Fidelity Investments, cutting an estimated $42.7M.

  • 351 institutional investors held NMI Holdings (NMIH) as of Q1 2025, up from 328 in Q4 2024.
  • Funds reported $2.73B of NMI Holdings stock for Q1 2025, down 1.1% quarter-over-quarter.
  • 51 funds opened new NMI Holdings positions in Q1 2025 and 25 closed out, a net change of +26 holders.
  • The largest NMI Holdings buyer in Q1 2025 was Millennium Management, an estimated $35.3M added.
  • The largest NMI Holdings seller in Q1 2025 was Fidelity Investments, an estimated $42.7M sold.

Based on aggregated 13F filings for Q1 2025.