NLI Holdings, Inc.: which funds bought and sold

Institutions that bought and sold NLI Holdings shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 48 institutions that filed 13F reports for both quarters added to or opened positions in NLI Holdings, and 26 cut or closed them. Together they added a net 177K shares, +3.3% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 325K shares (+47.8%); index fund managers were net buyers of 18K shares (+1.3%). 15 opened a new position and 9 sold out entirely.

Bought, Q2 2026 48 institutions, 15 of them new holders Sold, Q2 2026 26 institutions, 9 of them sold out

Net change, all compared +177K shares (+3.3%)

Net change, active managers +325K shares (+47.8%), 9 bought, 4 sold

Buyers versus sellers

institutions compared, 88

48 bought 14 26 sold

Active managers and hedge funds 9 bought · 4 sold · +325K

Index fund managers 8 bought · 1 sold · +18K

Other institutions 31 bought · 21 sold · −166K

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Millennium Management LLC Hedge fund	+238K +1170.2%	258K	$1.5M
Squarepoint Ops LLC Hedge fund	+34K +231.8%	48K	$287,837
Panagora Asset Management Inc Active manager	+27K New position	27K	$160,870
Byrne Asset Management LLC	+24K New position	24K	$143,395
Renaissance Technologies LLC Hedge fund	+20K +12.5%	183K	$1.1M
AQR Capital Management LLC Hedge fund	+16K New position	16K	$95,926
Jane Street Group, LLC	+16K New position	16K	$94,063
Levin Capital Strategies, L.P. Active manager	+12K New position	12K	$70,228
Morgan Stanley	+12K +16.5%	83K	$493,387
Citadel Advisors LLC Hedge fund	+12K New position	12K	$69,716
Xtx Topco Ltd	+11K New position	11K	$67,800
BNP Paribas Financial Markets	+11K +630.9%	13K	$76,452
Blackrock, Inc. Index funds	+10K +2.0%	540K	$3.2M
Connor, Clark & Lunn Investment Management Ltd.	+8,774 +17.7%	58K	$347,569
Deutsche Bank Ag\	+8,306 New position	8,306	$49,421
Vanguard Portfolio Management LLC Index funds	+7,386 +15.2%	56K	$332,819
Russell Investments Group, Ltd.	+5,764 +429.2%	7,107	$42,286
Wells Fargo & Company	+3,941 +123.8%	7,124	$42,388
Vanguard Capital Management LLC Index funds	+3,797 +1.2%	325K	$1.9M
Citigroup Inc	+3,547 +904.8%	3,939	$23,437

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Millennium Management LLC Hedge fund	+238K +1170.2%	258K	$1.5M
Squarepoint Ops LLC Hedge fund	+34K +231.8%	48K	$287,837
Panagora Asset Management Inc Active manager	+27K New position	27K	$160,870
Renaissance Technologies LLC Hedge fund	+20K +12.5%	183K	$1.1M
AQR Capital Management LLC Hedge fund	+16K New position	16K	$95,926
Levin Capital Strategies, L.P. Active manager	+12K New position	12K	$70,228
Citadel Advisors LLC Hedge fund	+12K New position	12K	$69,716
Alliancebernstein L.P. Active manager	+1,210 +11.8%	11K	$66,783
FMR LLC Active manager	+114 +2.7%	4,320	$25,704

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Aristides Capital LLC	−104K −25.0%	313K	$1.9M
Raymond James Financial Inc	−91K −87.9%	13K	$74,375
Dimensional Fund Advisors LP	−31K −1.5%	2.1M	$12.2M
Bridgeway Capital Management, LLC Active manager	−15K −4.6%	311K	$1.9M
Empowered Funds, LLC	−15K −6.5%	217K	$1.3M
Goldman Sachs Group Inc	−11K −15.4%	60K	$355,394
Prelude Capital Management, LLC	−11K Sold out	0	—
O'Shaughnessy Asset Management, LLC Active manager	−10K Sold out	0	—
Bank Of America Corp	−10K Sold out	0	—
Geode Capital Management, LLC Index funds	−7,087 −3.2%	217K	$1.3M
Arrowstreet Capital, Limited Partnership Hedge fund	−5,237 −15.8%	28K	$165,553
Acadian Asset Management LLC Active manager	−4,379 Sold out	0	—
UBS Group AG	−3,417 −37.8%	5,632	$33,510
Tower Research Capital LLC (TRC)	−1,816 −36.6%	3,151	$18,748
Newedge Advisors, LLC	−1,168 Sold out	0	—
Canada Life Assurance Co	−436 −7.0%	5,788	$34,000
Mirae Asset Global Etfs Holdings Ltd.	−376 −8.8%	3,916	$23,300
California State Teachers Retirement System	−338 −74.3%	117	$696
Jpmorgan Chase & Co	−306 −7.5%	3,757	$23,444
Farther Finance Advisors, LLC	−164 −98.8%	2	$12

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Bridgeway Capital Management, LLC Active manager	−15K −4.6%	311K	$1.9M
O'Shaughnessy Asset Management, LLC Active manager	−10K Sold out	0	—
Arrowstreet Capital, Limited Partnership Hedge fund	−5,237 −15.8%	28K	$165,553
Acadian Asset Management LLC Active manager	−4,379 Sold out	0	—

New positions

largest by value

Institution	Shares	Value June 30, 2026
Panagora Asset Management IncActive manager	27K	$160,870
Byrne Asset Management LLC	24K	$143,395
AQR Capital Management LLCHedge fund	16K	$95,926
Jane Street Group, LLC	16K	$94,063
Levin Capital Strategies, L.P.Active manager	12K	$70,228
Citadel Advisors LLCHedge fund	12K	$69,716
Xtx Topco Ltd	11K	$67,800
Deutsche Bank Ag\	8,306	$49,421
Institute For Wealth Management, Llc.	2,200	$13,090
Group One Trading LLC	200	$1,190

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Prelude Capital Management, LLC	11K	$63,133
O'Shaughnessy Asset Management, LLCActive manager	10K	$60,533
Bank Of America Corp	10K	$58,895
Acadian Asset Management LLCActive manager	4,379	$25,000
Newedge Advisors, LLC	1,168	$6,809
Covestor Ltd	158	$1,000
Caldwell Trust Co	100	$583
Root Financial Partners, LLC	11	$64
Mai Capital Management	2	$12

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 80
Ten largest holders: 82.3%
Index fund managers: 26.2%
Active managers and hedge funds: 18.1%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	9	4	4	2	+325K	+47.8%
Index fund managers	8	1	0	0	+18K	+1.3%
Other institutions	31	21	11	7	−166K	−5.1%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on NLI Holdings.

Only managers that filed a holdings report for both quarters are compared (88 here). 3 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

← Back to NLI Holdings, Inc. · Insiders · Politicians