We are live on ! Find out more
NMIH icon

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
ACM
326
Aster Capital Management
United Arab Emirates
$2.51K -$227K -6,235 -99%
FMII
327
Farmers & Merchants Investments Inc
Nebraska
$2.06K – – –
BWL
328
Bogart Wealth LLC
Virginia
$1.88K -$2.04K -56 -52%
VCM
329
Versant Capital Management
Arizona
$1.66K +$582 +16 +53%
LWMI
330
Legacy Wealth Management (Idaho)
Idaho
$1.51K – – –
PWMG
331
Private Wealth Management Group
New Jersey
$1.51K – – –
PTC
332
Private Trust Company
Ohio
$1.44K +$909 +25 +167%
PFBT
333
Parkside Financial Bank & Trust
Missouri
$1.37K +$1.09K +30 +375%
CTWM
334
Cherry Tree Wealth Management
Minnesota
$1.33K +$1.34K +37 New
WA
335
WPG Advisers
Maryland
$1.26K +$655 +18 +106%
TSMHT
336
Thurston Springer Miller Herd & Titak
Indiana
$1.23K +$145 +4 +13%
TWD
337
True Wealth Design
Ohio
$1.19K -$1.78K -49 -60%
SC
338
Stephens Consulting
Michigan
$1.08K +$1.09K +30 New
PMAM
339
Picton Mahoney Asset Management
Ontario, Canada
$1K – – –
DPW
340
DiNuzzo Private Wealth
Pennsylvania
$794 – – –
SIC
341
SJS Investment Consulting
Ohio
$794 – – –
GFPC
342
Global Financial Private Client
Florida
$721 +$509 +14 +233%
Optiver Holding
343
Optiver Holding
Netherlands
$613 +$618 +17 New
IA
344
IFP Advisors
Florida
$577 – – –
HNB
345
Huntington National Bank
Ohio
$361 – – –
LFG
346
Larson Financial Group
Missouri
$288 – – –
AWM
347
Abound Wealth Management
Tennessee
$217 – – –
GC
348
Garde Capital
Washington
$181 +$182 +5 New
PWM
349
Parkworth Wealth Management
California
$144 – – –
HIA
350
HFM Investment Advisors
New Jersey
$73 +$73 +2 New
12 13
14
15 16

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.