NMI Holdings
NMIH
103 hedge funds and large institutions have $255M invested in NMI Holdings in 2016 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 40 increasing their positions, 22 reducing their positions, and 12 closing their positions.
82% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 22
50% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 12
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
5% more funds holding
Funds holding: 98 → 103 (+5)
24% less capital invested
Capital invested by funds: $333M → $255M (-$78.5M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCM
Waterstone Capital Management
St. Louis Park,
Minnesota
|
+$9.58M |
| 2 |
Renaissance Technologies
New York
|
+$3.84M |
| 3 |
OWIM
Old West Investment Management
Los Angeles,
California
|
+$3.08M |
| 4 |
VCM
V3 Capital Management
Dallas,
Texas
|
+$2.99M |
| 5 |
FCM
FJ Capital Management
Mclean,
Virginia
|
+$2.65M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MAMNY
Marathon Asset Management (New York)
New York
|
-$11.1M |
| 2 |
CRAM
Claren Road Asset Management
New York
|
-$9.12M |
| 3 |
BC
BHR Capital
New York
|
-$4.1M |
| 4 |
SAM
Serengeti Asset Management
New York
|
-$965K |
| 5 |
CCM
Cadence Capital Management
Boston,
Massachusetts
|
-$735K |
NMIH Hedge Fund Activity: Q1 2016 in Review
103 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in NMI Holdings (NMIH) for Q1 2016, worth a combined $255M — down 24% from $333M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new NMIH positions and 12 closed out — a net gain of 6 holders — while 40 added to existing stakes and 22 trimmed.
The largest buyer was Waterstone Capital Management, opening a new position worth an estimated $9.58M. The largest seller was Marathon Asset Management (New York), exiting entirely with an estimated $11.1M sold.
- 103 institutional investors held NMI Holdings (NMIH) as of Q1 2016, up from 98 in Q4 2015.
- Funds reported $255M of NMI Holdings stock for Q1 2016, down 24% quarter-over-quarter.
- 18 funds opened new NMI Holdings positions in Q1 2016 and 12 closed out, a net change of +6 holders.
- The largest NMI Holdings buyer in Q1 2016 was Waterstone Capital Management, an estimated $9.58M added.
- The largest NMI Holdings seller in Q1 2016 was Marathon Asset Management (New York), an estimated $11.1M sold.
Based on aggregated 13F filings for Q1 2016.