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
Natixis Advisors
151
Natixis Advisors
Massachusetts
$1.27M +$132K +3,629 +11%
Ensign Peak Advisors
152
Ensign Peak Advisors
Utah
$1.26M – – –
Grantham, Mayo, Van Otterloo & Co (GMO)
153
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$1.24M +$319K +8,769 +34%
Acadian Asset Management
154
Acadian Asset Management
Massachusetts
$1.22M +$1.24M +34,018 New
Victory Capital Management
155
Victory Capital Management
Texas
$1.22M +$13.7K +376 +1%
Los Angeles Capital Management
156
Los Angeles Capital Management
California
$1.19M -$104K -2,873 -8%
DT
157
Diversified Trust
Tennessee
$1.18M +$30.1K +829 +3%
CAMG
158
CWA Asset Management Group
Florida
$1.17M +$274K +7,526 +30%
TAM
159
Tealwood Asset Management
Minnesota
$1.14M -$19K -522 -2%
Cerity Partners
160
Cerity Partners
New York
$1.11M +$226K +6,212 +25%
ARC
161
Advisor Resource Council
Texas
$1.07M +$1.12M +30,714 New
YCM
162
Yousif Capital Management
Michigan
$1.05M -$34.2K -941 -3%
IQI
163
Integrated Quantitative Investments
Washington
$1.03M +$19.5K +537 +2%
XT
164
XTX Topco
Cayman Islands
$1.01M +$450K +12,370 +79%
KK
165
KLP Kapitalforvaltning
Norway
$1.01M -$65.5K -1,800 -6%
TRSOTSOK
166
Teachers Retirement System of the State of Kentucky
Kentucky
$994K – – –
SO
167
STRS Ohio
Ohio
$973K -$14.5K -400 -1%
CIC
168
Chase Investment Counsel
Virginia
$918K -$128K -3,527 -12%
HEIP
169
Hudson Edge Investment Partners
New Jersey
$904K -$18.1K -497 -2%
NI
170
NFC Investments
Tennessee
$873K – – –
Creative Planning
171
Creative Planning
Kansas
$847K -$65.3K -1,795 -7%
State Board of Administration of Florida Retirement System
172
State Board of Administration of Florida Retirement System
Florida
$845K – – –
FRM
173
Fox Run Management
Connecticut
$833K -$276K -7,602 -25%
MSRPS
174
Maryland State Retirement & Pension System
Maryland
$826K -$138K -3,801 -14%
UA
175
Unison Advisors
District of Columbia
$820K – – –
5 6
7
8 9

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.