NMI Holdings, Inc. (NMIH) Institutional OwnershipQ2 2026 13F Data|Updated 2026-11-07
Institutional ownership increased this quarter (+1.69 pp), though top 10 holders maintain a highly concentrated 52.1% of institutional value.
Ranked by reported Q2 2026 13F market value
Share of total reported institutional value in NMIH held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 13.2M | $541.9M | +2.5% | 17.361% | 0.01% |
| 2 | DIMENSIONAL FUND ADVISORS LP | 4.7M | $191.7M | +7.2% | 6.142% | 0.03% |
| 3 | STATE STREET CORP | 3.5M | $142.9M | +5.3% | 4.579% | 0.00% |
| 4 | VANGUARD CAPITAL MANAGEMENT LLC | 3.4M | $140.5M | -0.3% | 4.502% | 0.00% |
| 5 | AMERICAN CENTURY COMPANIES INC | 3.0M | $125.2M | +12.0% | 4.010% | 0.06% |
| 6 | VANGUARD PORTFOLIO MANAGEMENT LLC | 2.9M | $119.2M | -3.5% | 3.820% | 0.01% |
| 7 | GEODE CAPITAL MANAGEMENT, LLC | 2.1M | $86.7M | +4.8% | 2.778% | 0.00% |
| 8 | NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | 1.9M | $77.4M | +12.9% | 2.479% | 0.12% |
| 9 | FULLER & THALER ASSET MANAGEMENT, INC. | 1.3M | $54.0M | +22.8% | 1.730% | 0.15% |
| 10 | FMR LLC | 1.3M | $52.4M | +10.1% | 1.679% | 0.00% |
| 11 | GOLDMAN SACHS GROUP INC | 1.3M | $52.2M | +2.8% | 1.673% | 0.00% |
| 12 | BANK OF AMERICA CORP /DE/ | 1.2M | $49.7M | -7.4% | 1.591% | 0.00% |
| 13 | JPMORGAN CHASE & CO | 1.2M | $49.0M | +35.1% | 1.559% | 0.00% |
| 14 | MORGAN STANLEY | 1.1M | $46.7M | +13.9% | 1.497% | 0.00% |
| 15 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 1.0M | $41.6M | +2.7% | 1.332% | 0.01% |
| 16 | Allianz Asset Management GmbH | 977K | $40.2M | +24.7% | 1.286% | 0.02% |
| 17 | AQR CAPITAL MANAGEMENT LLC | 954K | $39.2M | +32.8% | 1.256% | 0.01% |
| 18 | DONALD SMITH & CO., INC. | 882K | $36.3M | +122.0% | 1.162% | 0.64% |
| 19 | NORTHERN TRUST CORP | 878K | $36.1M | +5.0% | 1.155% | 0.00% |
| 20 | FRONTIER CAPITAL MANAGEMENT CO LLC | 861K | $35.4M | -15.3% | 1.133% | 0.33% |
| 21 | Nuveen, LLC | 832K | $34.2M | -15.6% | 1.095% | 0.01% |
| 22 | PUBLIC SECTOR PENSION INVESTMENT BOARD | 709K | $29.1M | +4.2% | 0.933% | 0.04% |
| 23 | Clearbridge Investments, LLC | 709K | $29.1M | +0.5% | 0.933% | 0.02% |
| 24 | AMERIPRISE FINANCIAL INC | 703K | $28.9M | -0.4% | 0.925% | 0.01% |
| 25 | Assenagon Asset Management S.A. | 680K | $27.9M | -6.4% | 0.895% | 0.02% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in NMIH — a direct measure of their conviction.
Filings activity in NMIH during Q2 2026, grouped by how each filer changed its position.
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q2 2026 | 356 | 0.3% | 97.92% | +1.69 pp | $2.94B | +11% |
| Q1 2026 | 357 | +0.3% | 96.23% | +0.57 pp | $2.66B | 6.7% |
| Q4 2025 | 356 | +2.6% | 95.66% | +0.10 pp | $2.85B | +5.2% |
| Q3 2025 | 347 | +0.0% | 95.56% | +0.71 pp | $2.71B | 8.0% |
| Q2 2025 | 347 | +0.9% | 94.85% | 0.14 pp | $2.95B | +16% |
| Q1 2025 | 344 | +7.5% | 94.99% | +0.69 pp | $2.54B | 1.4% |
| Q4 2024 | 320 | 2.7% | 94.30% | +0.14 pp | $2.58B | 11% |
| Q3 2024 | 329 | — | 94.16% | — | $2.89B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying NMIH stock.
Based on Q2 2026 13F filings, institutional ownership of NMI Holdings, Inc. stands at 97.9%, held across 356 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of NMIH, with approximately 13,189,334 shares worth $0.54B as of Q2 2026.
No marquee "smart money" managers (Berkshire, Burry, ARK, Tiger Global, Pershing Square, Baupost, etc.) currently appear among the top 25 institutional holders of NMIH.
Our composite Smart Money Score for NMIH is 42 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
36 institutions opened new positions in NMIH during Q2 2026, while 40 fully exited. 249 added to existing positions and 61 trimmed.
NMIH institutional ownership rose by 1.69 percentage points quarter-over-quarter, with a net change of -1 holders.
The top 10 institutions account for 52.1% of all reported 13F value in NMIH, and the top 25 account for 71.7%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.