NMI Holdings, Inc. (NMIH) Ownership

NASDAQ: NMIHTop holders, insider trades and short interest.

NMIH ownership summary

as of October 18, 2026
Institutions
101.4%
of shares outstanding
Insiders
1.58%
of shares outstanding
Shares outstanding
75.2M
Float
73.9M
shares available to trade
Short interest
3.58%
2.2M shares short
Days to cover
3.31
short interest up 11.4% vs prior month
  • Institutions 101.35%
  • Insiders 1.58%

NMIH top institutional holders

20 largest
NMI Holdings, Inc. top institutional holders
#Holder% of sharesSharesValueChangeReported
1BlackRock Inc17.53%13.2M$536.9M+326,180 (+2.5%)June 30, 2026
2Dimensional Fund Advisors, Inc.6.20%4.7M$189.9M+314,102 (+7.2%)June 30, 2026
3State Street Corp4.62%3.5M$141.6M+175,276 (+5.3%)June 30, 2026
4Vanguard Capital Management, LLC4.55%3.4M$139.2M−10,255 (−0.3%)June 30, 2026
5American Century Companies Inc4.05%3.0M$124.0M+326,477 (+12.0%)June 30, 2026
6Vanguard Portfolio Management, LLC3.86%2.9M$118.1M−104,826 (−3.5%)June 30, 2026
7Geode Capital Management, LLC2.81%2.1M$85.9M+95,606 (+4.7%)June 30, 2026
8Delaware Management Holdings Inc2.50%1.9M$76.7M+215,297 (+12.9%)June 30, 2026
9Van Berkom and Associates Inc2.47%1.9M$75.7M−2.1M (−53.3%)June 30, 2026
10Assenagon Asset Management SA1.81%1.4M$55.4M+633,123 (+87.1%)June 30, 2026
11Fuller & Thaler Asset Management Inc1.75%1.3M$53.5M+243,795 (+22.8%)June 30, 2026
12FMR Inc1.70%1.3M$51.9M+116,993 (+10.1%)June 30, 2026
13The Goldman Sachs Group Inc1.69%1.3M$51.8M+34,553 (+2.8%)June 30, 2026
14Bank of America Corp1.61%1.2M$49.2M−95,972 (−7.4%)June 30, 2026
15JPMorgan Chase & Co1.57%1.2M$48.2M+308,077 (+35.2%)June 30, 2026
16Morgan Stanley - Brokerage Accounts1.51%1.1M$46.3M+138,420 (+13.9%)June 30, 2026
17Charles Schwab Investment Management Inc1.35%1.0M$41.2M+26,314 (+2.7%)June 30, 2026
18Allianz Asset Management AG1.30%977K$39.8M+193,535 (+24.7%)June 30, 2026
19AQR Capital Management LLC1.27%954K$38.8M+235,743 (+32.8%)June 30, 2026
20Donald Smith & Co Inc1.17%882K$35.9M+484,896 (+122.0%)June 30, 2026

Value at the latest close. Change = shares bought or sold in the latest quarterly filing (13F). In the top 20, 16 holders added 3.9M shares and 4 cut 2.3M.

NMIH top mutual fund and ETF holders

20 largest
NMI Holdings, Inc. top fund holders
#Holder% of sharesSharesValueChangeReported
1iShares Core S&P Small-Cap ETF5.95%4.5M$182.3M+1,029 (+0.0%)September 30, 2026
2Vanguard MStar Total Stk Mkt Idx Invest3.22%2.4M$98.6M−3,635 (−0.1%)August 31, 2026
3Avantis US Small Cap Value ETF3.18%2.4M$97.3M+3,288 (+0.1%)September 30, 2026
4iShares Russell 2000 ETF2.77%2.1M$84.7M+34,196 (+1.7%)September 30, 2026
5Nomura Small Cap Core I2.00%1.5M$61.3M—August 31, 2026
6FullerThaler Behavioral Sm-Cp Eq R61.68%1.3M$51.4M+168,500 (+15.4%)June 30, 2026
7Fidelity Small Cap Index1.12%839K$34.2M+6,344 (+0.8%)July 31, 2026
8DFA US Small Cap Value I1.07%804K$32.8M+52,761 (+7.0%)August 31, 2026
9iShares Russell 2000 Value ETF0.97%731K$29.8M+1,110 (+0.2%)September 30, 2026
10iShares S&P Small-Cap 600 Growth ETF0.93%697K$28.4M—September 30, 2026
11State Street SPDR Port S&P 600 Sm CpETF0.91%683K$27.8M—September 30, 2026
12Vanguard Strategic Equity Inv0.88%662K$27.0M−60,262 (−8.3%)June 30, 2026
13DFA US Targeted Value I0.87%653K$26.6M—August 31, 2026
14Dimensional US Targeted Value ETF0.74%556K$22.6M+153 (+0.0%)September 30, 2026
15Fidelity Enhanced Small Cap Core ETF0.73%551K$22.4M+1,155 (+0.2%)September 30, 2026
16Vanguard Tax-Managed Small Cap Adm0.64%481K$19.6M—September 30, 2026
17ClearBridge Small Cap Growth A0.63%471K$19.2M—September 30, 2026
18Vanguard Russell 2000 ETF0.59%447K$18.2M+5,056 (+1.1%)September 30, 2026
19State Street® SPDR® S&P 600™ Sm Cp GrETF0.58%433K$17.6M—September 30, 2026
20Strategic Advisers Fidelity US TtlStk0.57%426K$17.3M—August 31, 2026

Funds report holdings monthly or quarterly; dates differ by fund.

NMIH insider transactions

latest 15
NMI Holdings, Inc. insider transactions
DateNameTransactionPriceSharesValue
2026-03-24Bradley M ShusterSell$37.3518,953$707,895
2026-03-19Bradley M ShusterSell$37.0518,996$703,802
2026-03-12Bradley M ShusterSell$36.5818,976$694,142
2026-03-05Bradley M ShusterSell$38.9119,430$756,021
2026-02-26Bradley M ShusterSell$39.8519,557$779,346
2026-02-18Bradley M ShusterSell$39.6355,000$2.2M
2026-02-17Mohammad Nawaz YousafSell$39.8916,000$638,240
2026-02-17Norman Peter FitzgeraldSell$39.9422,500$898,650
2025-11-19Michael J EmblerSell$36.9020,000$738,000
2025-09-15Steven ScheidSell$39.3119,926$783,291
2025-06-06Bradley M ShusterSell$39.5621,545$852,320
2025-05-13Michael Curry MontgomerySell$38.051,875$71,344
2025-05-01Adam PollitzerSell$36.5457,166$2.1M
2025-05-01Robert Owen SmithSell$36.5820,000$731,600
2025-04-30William J LeatherberrySell$35.5613,111$466,227

Reported trades by company officers, directors and other filers (including disclosures by members of Congress where EODHD lists them). "—" where the filing gives no share count.

NMIH shares outstanding

Shares outstanding

Year-end shares outstanding, adjusted for splits.

Who owns NMIH

Institutional investors own 101.4% of NMI's shares and insiders 1.58%. The largest holder is BlackRock Inc with 17.53% of the shares (13.2M), as of June 30, 2026. Among the top 20 institutions, 16 added shares and 4 reduced their stake in the latest filings. Short interest is 3.58% of the float, or 3.31 days of average trading volume. The share count rose 34.2% since 2014.

Related: NMIH analyst forecast, NMIH key metrics. See the NMIH stock overview for the latest quote and news.

NMIH ownership FAQ

Who owns the most NMI stock?

The largest shareholders of NMI are BlackRock Inc (17.53%), Dimensional Fund Advisors, Inc. (6.20%), State Street Corp (4.62%), Vanguard Capital Management, LLC (4.55%), American Century Companies Inc (4.05%).

What percentage of NMI is owned by institutions?

Institutions hold 101.4% of NMI's shares outstanding; insiders hold 1.58%.

Which funds own NMI?

The largest fund holders of NMI are iShares Core S&P Small-Cap ETF (5.95%), Vanguard MStar Total Stk Mkt Idx Invest (3.22%), Avantis US Small Cap Value ETF (3.18%), iShares Russell 2000 ETF (2.77%), Nomura Small Cap Core I (2.00%).

What is NMI's short interest?

2.2M shares of NMI were sold short, 3.58% of the float; at the average daily volume it would take 3.31 days to cover.

Are insiders buying or selling NMI?

Of the latest 15 reported insider transactions in NMI (since April 30, 2025), 0 were purchases and 15 were sales.

How many shares of NMI are outstanding?

NMI has 75.2M shares outstanding, of which 73.9M are in the public float.

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