Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Nmi Hldgs Inc (NMIH)

348 + Investors. Track Smart Money conviction in NMIH. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -7
Streak
1Q ▼
Buyers last Q
53%

Smart Money Signals — NMIH

Based on 353 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their NMIH positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (98% of max)

98% of all-time peak
353 hedge funds hold NMIH right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding NMIH is almost the same as a year ago (+8 funds, +2% change). No significant rush to buy or sell — institutional backing is holding steady.
🟡

Slight buying edge — 53% buying

186 buying163 selling
Last quarter: 186 funds bought or added vs 163 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~41 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 38 → 44 → 41 → 41. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

64% of holders stayed for 2+ years

■ 64% conviction (2yr+) ■ 18% medium ■ 18% new
225 out of 353 hedge funds have held NMIH for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
➡️

Steady discovery — ~41 new funds/quarter

41 → 38 → 44 → 41 → 41 new funds/Q
New funds entering each quarter: 38 → 44 → 41 → 41. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 66% veterans vs 20% newcomers

■ 66% veterans ■ 14% 1-2yr ■ 20% new
Entry-cohort mix of 353 holders: 232 (66%) are 2+ year veterans, 49 entered 1–2 years ago, and 72 (20%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 64% AUM from top-100 funds

64% from top-100 AUM funds
58 of 351 holders are among the 100 largest funds by AUM, controlling 64% of total institutional value in NMIH. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.4
out of 10
Low Exit Risk
Exit risk score 3.4/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — NMIH

In 2026 Q2, 186 hedge funds were net buyers of NMIH (41 opened a new position, 145 added to an existing one), while 163 reduced or exited (115 trimmed, 48 sold completely) — a 53% buyer ratio, indicating a slight buying edge. 64% of total institutional value in NMIH is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -7 funds (more exits than new entries). Total institutional holders: 353.

Hedge Fund Ownership: NMIH

How many hedge funds hold NMIH — quarterly history vs. share price
Quarterly hedge fund ownership of NMIH vs. share price

Market Analysis: NMIH

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: NMIH

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

14 top-rated funds 0 high-conviction
Consensus
5.1
/ 10
breadth
×
Elite
1.5
/ 10
conviction
Hedge Fund Positioning: NMIH
348 + Investors

Track Smart Money conviction in NMIH. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 348 360 -3.33%
13F Shares 74M 74M 0.46%
Total Value $2.91B $2.64B 10.2%
New Positions 40 41 -1
Increased Positions 143 139 +4
Closed Positions 50 36 +14
Reduced Positions 115 133 -18
Total Calls 0 1 -100.0%
Total Puts 1 0 100%
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: NMIH

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Institutional Holders (2026 Q2)

348 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in NMIH. Verified SEC 13F-HR filings.

QUARTER:
Top 25 NMIH holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Muhlenkamp & Co Inc 4.39% 368,558 $15.1M
2 Winmill & CO. Inc 3.60% 396,095 $16.3M
3 Denali Advisors LLC 0.82% 198,100 $8.1M
4 Pinnacle Holdings, LLC 0.80% 62,842 $2.6M
5 Donald Smith & CO., INC. 0.64% 882,495 $36.3M
6 Virtus Advisers, LLC 0.62% 39,557 $1.6M
7 Ellis Investment Partners, LLC 0.55% 89,071 $3.7M
8 Legend Financial Advisors, Inc. 0.55% 23,740 $975K
9 Leeward Investments, LLC - MA 0.45% 243,274 $10.0M
10 Illumine Investment Management, LLC 0.42% — $649K
11 Steadtrust LLC 0.42% 20,000 $822K
12 Frontier Capital Management Co LLC 0.33% 860,919 $35.4M
13 Emerald Investment Advisers, LLC 0.33% 119,741 $4.9M
14 Edgestream Partners, L.P. 0.32% 261,278 $10.7M
15 Renaissance Group LLC 0.32% 188,936 $7.8M
16 Bridgeway Capital Management, LLC 0.25% 341,026 $14.0M
17 Davidson Capital Management Inc. 0.22% 33,768 $1.4M
18 Polymer Capital Management (US) LLC 0.22% 39,799 $1.6M
19 Polaris Capital Management, LLC 0.22% 55,700 $2.3M
20 EntryPoint Capital, LLC 0.21% 9,119 $310K
21 Financial Strategies Group, Inc. 0.20% 29,558 $1.2M
22 Dana Investment Advisors, Inc. 0.18% 164,941 $6.8M
23 R Squared Ltd 0.18% 8,160 $335K
24 NFC Investments, LLC 0.17% 16,620 $683K
25 River Road Asset Management, LLC 0.16% 358,330 $14.7M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Nmi Hldgs Inc (NMIH)

What does the Smart Money Trend signal show for NMIH?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their NMIH positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for NMIH?

Slight buying edge — 53% buying: Last quarter: 186 funds bought or added vs 163 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for NMIH holders?

Elite ownership — 64% AUM from top-100 funds: 58 of 351 holders are among the 100 largest funds by AUM, controlling 64% of total institutional value in NMIH. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held NMIH?

64% of holders stayed for 2+ years: 225 out of 353 hedge funds have held NMIH for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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