NMI Holdings
NMIH
360 hedge funds and large institutions have $3B invested in NMI Holdings in 2025 Q4 according to their latest regulatory filings, with 45 funds opening new positions, 139 increasing their positions, 137 reducing their positions, and 29 closing their positions.
224% more call options, than puts
Call options by funds: $2.13M | Put options by funds: $657K
55% more first-time investments, than exits
New positions opened: 45 | Existing positions closed: 29
5% more capital invested
Capital invested by funds: $2.85B → $3B (+$152M)
2% more funds holding
Funds holding: 352 → 360 (+8)
1% more repeat investments, than reductions
Existing positions increased: 139 | Existing positions reduced: 137
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.07% less ownership
Funds ownership: 95.76% → 95.69% (-0.07%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$18.6M |
| 2 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
+$14M |
| 3 |
Allianz Asset Management
Munich,
Germany
|
+$11.8M |
| 4 |
Point72 Asset Management
Stamford,
Connecticut
|
+$7.39M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
+$6.47M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$77.7M |
| 2 |
BlackRock
New York
|
-$21.2M |
| 3 |
Millennium Management
New York
|
-$15.1M |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
-$7.8M |
| 5 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$4.4M |
NMIH Hedge Fund Activity: Q4 2025 in Review
360 of the 8,266 institutional investors tracked by Wall St. Rank reported a position in NMI Holdings (NMIH) for Q4 2025, worth a combined $3B — up 5.3% from $2.85B a quarter earlier.
Buyers outnumbered sellers: 45 funds opened new NMIH positions and 29 closed out — a net gain of 16 holders — while 139 added to existing stakes and 137 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $18.6M. The largest seller was Macquarie Group, exiting entirely with an estimated $77.7M sold.
- 360 institutional investors held NMI Holdings (NMIH) as of Q4 2025, up from 352 in Q3 2025.
- Funds reported $3B of NMI Holdings stock for Q4 2025, up 5.3% quarter-over-quarter.
- 45 funds opened new NMI Holdings positions in Q4 2025 and 29 closed out, a net change of +16 holders.
- The largest NMI Holdings buyer in Q4 2025 was Fidelity Investments, an estimated $18.6M added.
- The largest NMI Holdings seller in Q4 2025 was Macquarie Group, an estimated $77.7M sold.
Based on aggregated 13F filings for Q4 2025.