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NMI Holdings
NMIH

84 hedge funds and large institutions have $515M invested in NMI Holdings in 2014 Q2 according to their latest regulatory filings, with 29 funds opening new positions, 19 increasing their positions, 22 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

71% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 17

17% more funds holding

Funds holding: 72 → 84 (+12)

7% less capital invested

Capital invested by funds: $554M → $515M (-$39.3M)

14% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 22

33% less funds holding in top 10

Funds holding in top 10: 6 → 4 (-2)

Holders
84
Holders Change
+12
Holders Change %
+16.67%
% of All Funds
2.41%
Holding in Top 10
4
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-33.33%
% of All Funds
0.11%
New
29
Increased
19
Reduced
22
Closed
17
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
BFA
BlackRock Fund Advisors
California
+$13.8M
2
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$7.46M
3
State Street
State Street
Massachusetts
+$6.07M
4
BIT
BlackRock Institutional Trust
California
+$5.79M
5
AC
Amici Capital
New York
+$3.43M

Top Sellers

1
CHCM
Columbus Hill Capital Management
New Jersey
-$8.99M
2
CCMLC
Cardinal Capital Management LLC (Connecticut)
Connecticut
-$5.75M
3
HCMT
Highland Capital Management (Texas)
Texas
-$4.1M
4
AIM
Allen Investment Management
New York
-$3.52M
5
Northern Trust
Northern Trust
Illinois
-$3.18M
Name Holding Trade Value Shares
Change 		Change in
Stake
CRAM
1
Claren Road Asset Management
New York
$73.5M – – –
HCM
2
Hayman Capital Management
Texas
$57.7M – – –
AC
3
Amici Capital
New York
$54.8M +$3.43M +313,500 +6%
PC
4
Perry Capital
New York
$47M -$1.45M -132,167 -3%
CI Investments Inc
5
CI Investments Inc
Ontario, Canada
$34.8M +$1.82M +166,100 +5%
DP
6
DW Partners
New York
$21.8M – – –
WCM
7
Waterstone Capital Management
Minnesota
$20.9M -$2.39M -218,503 -10%
TIM
8
Thornburg Investment Management
New Mexico
$16.1M – – –
AFG
9
American Financial Group
Ohio
$14.6M – – –
BFA
10
BlackRock Fund Advisors
California
$13.2M +$13.8M +1,255,632 New
TC
11
Talkot Capital
California
$12.1M +$3.25M +296,922 +35%
Vanguard Group
12
Vanguard Group
Pennsylvania
$11.4M +$1.15M +104,512 +11%
CCMLC
13
Cardinal Capital Management LLC (Connecticut)
Connecticut
$11.1M -$5.75M -524,940 -33%
CHCM
14
Columbus Hill Capital Management
New Jersey
$11M -$8.99M -820,976 -44%
AAP
15
Ardsley Advisory Partners
Connecticut
$9.08M +$438K +40,000 +5%
BC
16
BHR Capital
New York
$8.14M – – –
BIT
17
BlackRock Institutional Trust
California
$7.58M +$5.79M +528,451 +273%
BCMU
18
BlueCrest Capital Management (UK)
Guernsey
$7.41M -$2.78M -253,678 -26%
D.E. Shaw & Co
19
D.E. Shaw & Co
New York
$7.15M +$7.46M +681,071 New
CC
20
Consector Capital
New York
$6.3M – – –
State Street
21
State Street
Massachusetts
$5.82M +$6.07M +553,724 New
MCM
22
Maltese Capital Management
New York
$5.11M -$394K -36,000 -7%
PCM
23
Pentwater Capital Management
Florida
$5.05M -$880K -80,297 -14%
OWIM
24
Old West Investment Management
California
$4.9M -$214K -19,499 -4%
VOAM
25
Vertex One Asset Management
British Columbia, Canada
$4.43M -$305K -27,800 -6%
1
2 3 4 5

NMIH Hedge Fund Activity: Q2 2014 in Review

84 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in NMI Holdings (NMIH) for Q2 2014, worth a combined $515M — down 7.1% from $554M a quarter earlier.

Buyers outnumbered sellers: 29 funds opened new NMIH positions and 17 closed out — a net gain of 12 holders — while 19 added to existing stakes and 22 trimmed.

The largest buyer was BlackRock Fund Advisors, opening a new position worth an estimated $13.8M. The largest seller was Columbus Hill Capital Management, cutting an estimated $8.99M.

  • 84 institutional investors held NMI Holdings (NMIH) as of Q2 2014, up from 72 in Q1 2014.
  • Funds reported $515M of NMI Holdings stock for Q2 2014, down 7.1% quarter-over-quarter.
  • 29 funds opened new NMI Holdings positions in Q2 2014 and 17 closed out, a net change of +12 holders.
  • The largest NMI Holdings buyer in Q2 2014 was BlackRock Fund Advisors, an estimated $13.8M added.
  • The largest NMI Holdings seller in Q2 2014 was Columbus Hill Capital Management, an estimated $8.99M sold.

Based on aggregated 13F filings for Q2 2014.