Ranked by reported Q1 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. | 12.9M | $482.5M | -1.9% | 16.890% | 0.01% |
| 2 | DIMENSIONAL FUND ADVISORS LP | 4.4M | $163.2M | +0.8% | 5.714% | 0.03% |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 3.4M | $128.7M | — | 4.505% | 0.00% |
| 4 | STATE STREET CORP | 3.3M | $123.9M | +2.1% | 4.337% | 0.00% |
| 5 | VANGUARD PORTFOLIO MANAGEMENT LLC | 3.0M | $112.8M | — | 3.948% | 0.01% |
| 6 | AMERICAN CENTURY COMPANIES INC | 2.7M | $102.0M | +8.2% | 3.572% | 0.05% |
| 7 | GEODE CAPITAL MANAGEMENT, LLC | 2.0M | $75.6M | +1.6% | 2.645% | 0.00% |
| 8 | NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | 1.7M | $62.6M | -7.8% | 2.190% | 0.11% |
| 9 | BANK OF AMERICA CORP /DE/ | 1.3M | $48.9M | +22.7% | 1.713% | 0.00% |
| 10 | GOLDMAN SACHS GROUP INC | 1.2M | $46.4M | +28.6% | 1.624% | 0.01% |
| 11 | FMR LLC | 1.2M | $43.5M | +34.9% | 1.522% | 0.00% |
| 12 | Capital International Investors | 1.1M | $43.1M | — | 1.510% | 0.01% |
| 13 | FULLER & THALER ASSET MANAGEMENT, INC. | 1.1M | $40.2M | — | 1.406% | 0.14% |
| 14 | FRONTIER CAPITAL MANAGEMENT CO LLC | 1.0M | $38.1M | -4.1% | 1.334% | 0.39% |
| 15 | MORGAN STANLEY | 999K | $37.5M | -10.8% | 1.312% | 0.00% |
| 16 | Nuveen, LLC | 986K | $37.0M | -12.8% | 1.295% | 0.01% |
| 17 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 986K | $37.0M | +0.6% | 1.294% | 0.01% |
| 18 | NORTHERN TRUST CORP | 836K | $31.3M | +3.1% | 1.097% | 0.00% |
| 19 | Allianz Asset Management GmbH | 784K | $29.4M | +3.1% | 1.029% | 0.03% |
| 20 | BARCLAYS PLC | 731K | $27.4M | -26.1% | 0.960% | 0.01% |
| 21 | Assenagon Asset Management S.A. | 727K | $27.3M | -27.9% | 0.954% | 0.04% |
| 22 | AQR CAPITAL MANAGEMENT LLC | 718K | $26.9M | -2.1% | 0.943% | 0.01% |
| 23 | Qube Research & Technologies Ltd | 709K | $26.6M | +11.7% | 0.931% | 0.03% |
| 24 | AMERIPRISE FINANCIAL INC | 705K | $26.5M | +18.3% | 0.926% | 0.01% |
| 25 | Clearbridge Investments, LLC | 705K | $26.4M | -9.0% | 0.926% | 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 Q1 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 |
|---|---|---|---|---|---|---|
| Q1 2026 | 352 | 1.1% | 92.85% | 8.20 pp | $2.62B | 8.1% |
| Q4 2025 | 356 | +2.6% | 101.05% | +4.95 pp | $2.85B | +5.2% |
| Q3 2025 | 347 | +0.0% | 96.10% | 8.37 pp | $2.71B | 8.0% |
| Q2 2025 | 347 | +0.9% | 104.47% | +14.48 pp | $2.95B | +16% |
| Q1 2025 | 344 | +7.5% | 89.99% | 1.31 pp | $2.54B | 1.4% |
| Q4 2024 | 320 | 2.7% | 91.30% | 11.16 pp | $2.58B | 11% |
| Q3 2024 | 329 | +12% | 102.46% | +16.04 pp | $2.89B | +19% |
| Q2 2024 | 294 | — | 86.42% | — | $2.44B | — |
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 Q1 2026 13F filings, institutional ownership of NMI Holdings, Inc. stands at 92.8%, held across 352 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of NMIH, with approximately 12,863,154 shares worth $0.48B as of Q1 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 22 out of 100 (Bearish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
41 institutions opened new positions in NMIH during Q1 2026, while 45 fully exited. 90 added to existing positions and 220 trimmed.
NMIH institutional ownership fell by 8.20 percentage points quarter-over-quarter, with a net change of -4 holders.
The top 10 institutions account for 51.4% of all reported 13F value in NMIH, and the top 25 account for 70.4%.
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.
NMI Holdings, Inc. (NMIH) Institutional Ownership