NMI Holdings, Inc.: which funds bought and sold

Institutions that bought and sold NMI 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, 182 institutions that filed 13F reports for both quarters added to or opened positions in NMI Holdings, and 158 cut or closed them. Together they sold a net 838K shares, −1.1% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 913K shares (−5.7%); index fund managers were net buyers of 538K shares (+2.0%). 35 opened a new position and 43 sold out entirely.

Bought, Q2 2026 182 institutions, 35 of them new holders Sold, Q2 2026 158 institutions, 43 of them sold out

Net change, all compared −838K shares (−1.1%)

Net change, active managers −913K shares (−5.7%), 28 bought, 30 sold

Buyers versus sellers

institutions compared, 393

182 bought 53 158 sold

Active managers and hedge funds 28 bought · 30 sold · −913K

Index fund managers 7 bought · 4 sold · +538K

Other institutions 147 bought · 124 sold · −463K

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Assenagon Asset Management S.A.	+633K +87.1%	1.4M	$55.9M
Donald Smith & Co., Inc.	+485K +122.0%	882K	$36.3M
American Century Companies Inc Active manager	+326K +12.0%	3.0M	$125M
Blackrock, Inc. Index funds	+326K +2.5%	13.2M	$542M
Citadel Advisors LLC Hedge fund	+325K +151.1%	539K	$22.2M
Dimensional Fund Advisors LP	+314K +7.2%	4.7M	$192M
Jpmorgan Chase & Co	+308K +35.2%	1.2M	$49M
First Eagle Investment Management, LLC Active manager	+304K +111.2%	578K	$23.7M
Bridgeway Capital Management, LLC Active manager	+296K +657.8%	341K	$14M
Fuller & Thaler Asset Management, Inc.	+244K +22.8%	1.3M	$54M
AQR Capital Management LLC Hedge fund	+236K +32.8%	954K	$39.2M
Nomura Asset Management International Inc.	+215K +12.9%	1.9M	$77.4M
State Street Corp Index funds	+175K +5.3%	3.5M	$143M
Empowered Funds, LLC	+159K New position	159K	$6.5M
Raymond James Financial Inc	+147K +59.1%	395K	$16.2M
Morgan Stanley	+138K +13.9%	1.1M	$46.7M
Jump Financial, LLC	+132K +1015.5%	146K	$6M
FMR LLC Active manager	+117K +10.1%	1.3M	$52.4M
Geode Capital Management, LLC Index funds	+96K +4.7%	2.1M	$86.7M
Connor, Clark & Lunn Investment Management Ltd.	+77K +38.7%	276K	$11.4M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
American Century Companies Inc Active manager	+326K +12.0%	3.0M	$125M
Citadel Advisors LLC Hedge fund	+325K +151.1%	539K	$22.2M
First Eagle Investment Management, LLC Active manager	+304K +111.2%	578K	$23.7M
Bridgeway Capital Management, LLC Active manager	+296K +657.8%	341K	$14M
AQR Capital Management LLC Hedge fund	+236K +32.8%	954K	$39.2M
FMR LLC Active manager	+117K +10.1%	1.3M	$52.4M
Man Group PLC Hedge fund	+51K +31.7%	210K	$8.6M
Trexquant Investment LP Hedge fund	+45K +97.4%	90K	$3.7M
Capital Fund Management S.A. Hedge fund	+36K +127.4%	64K	$2.6M
Brevan Howard Capital Management LP Hedge fund	+28K +165.1%	46K	$1.9M

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Van Berkom & Associates Inc.	−2.1M −53.3%	1.9M	$76.4M
Capital International Investors Active manager	−1.1M Sold out	0	—
Qube Research & Technologies Ltd Hedge fund	−290K −41.0%	418K	$17.2M
Two Sigma Investments, LP Hedge fund	−258K −40.7%	376K	$15.4M
Deutsche Bank Ag\	−250K −67.6%	120K	$4.9M
Cerity Partners LLC	−241K −81.2%	56K	$2.3M
Caisse De Depot Et Placement Du Quebec	−162K Sold out	0	—
Walleye Capital LLC Hedge fund	−155K −30.7%	351K	$14.4M
Frontier Capital Management Co LLC Active manager	−155K −15.3%	861K	$35.4M
Nuveen, LLC	−154K −15.6%	832K	$34.2M
Millennium Management LLC Hedge fund	−125K −21.7%	453K	$18.6M
Tudor Investment Corp Et Al Hedge fund	−121K −32.9%	246K	$10.1M
Healthcare Of Ontario Pension Plan Trust Fund	−115K −33.9%	224K	$9.2M
D. E. Shaw & Co., Inc. Hedge fund	−109K −19.8%	442K	$18.2M
Vanguard Portfolio Management LLC Index funds	−105K −3.5%	2.9M	$119M
Bank Of America Corp	−96K −7.4%	1.2M	$49.7M
Exoduspoint Capital Management, LP Hedge fund	−93K Sold out	0	—
Algert Global LLC Hedge fund	−92K −45.1%	112K	$4.6M
Point72 Asset Management, L.P. Hedge fund	−88K −38.9%	139K	$5.7M
HRT Financial LP	−85K Sold out	0	—

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Capital International Investors Active manager	−1.1M Sold out	0	—
Qube Research & Technologies Ltd Hedge fund	−290K −41.0%	418K	$17.2M
Two Sigma Investments, LP Hedge fund	−258K −40.7%	376K	$15.4M
Walleye Capital LLC Hedge fund	−155K −30.7%	351K	$14.4M
Frontier Capital Management Co LLC Active manager	−155K −15.3%	861K	$35.4M
Millennium Management LLC Hedge fund	−125K −21.7%	453K	$18.6M
Tudor Investment Corp Et Al Hedge fund	−121K −32.9%	246K	$10.1M
D. E. Shaw & Co., Inc. Hedge fund	−109K −19.8%	442K	$18.2M
Exoduspoint Capital Management, LP Hedge fund	−93K Sold out	0	—
Algert Global LLC Hedge fund	−92K −45.1%	112K	$4.6M

New positions

largest by value

Institution	Shares	Value June 30, 2026
Empowered Funds, LLC	159K	$6.5M
Ossiam	54K	$2.2M
Polymer Capital Management (US) LLC	40K	$1.6M
Jefferies Financial Group Inc.	37K	$1.5M
Holocene Advisors, LPHedge fund	27K	$1.1M
Schonfeld Strategic Advisors LLCHedge fund	21K	$847,234
Allstate Corp	18K	$746,235
Brighton Jones LLC	7,125	$292,767
Pallas Capital Advisors LLC	6,334	$260,264
Swiss Life Asset Management Ltd	5,229	$214,860

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Capital International InvestorsActive manager	1.1M	$43.1M
Caisse De Depot Et Placement Du Quebec	162K	$6.1M
Exoduspoint Capital Management, LPHedge fund	93K	$3.5M
HRT Financial LP	85K	$3.2M
Susquehanna Fundamental Investments, LLC	49K	$1.8M
Gsa Capital Partners LLP	48K	$1.8M
Picton Mahoney Asset Management	46K	$1.7M
Squarepoint Ops LLCHedge fund	40K	$1.5M
Magnetar Financial LLCHedge fund	36K	$1.3M
Jane Street Group, LLC	34K	$1.3M

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 355
Ten largest holders: 50.4%
Index fund managers: 36.9%
Active managers and hedge funds: 20.1%

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	28	30	2	9	−913K	−5.7%
Index fund managers	7	4	0	0	+538K	+2.0%
Other institutions	147	124	33	34	−463K	−1.4%

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 NMI Holdings.

Only managers that filed a holdings report for both quarters are compared (393 here). 9 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.

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