NMI Holdings Inc: shareholders and insiders

NMIHNASDAQFinancial services · Surety Insurance

Price

$38.65

November 13, 2026Market cap $2.9B

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What Ploutos Investor adds for NMI

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  • The full history: 14 fiscal years, from 2012
  • The estimated fair value, with its range and its certainty
  • The full analysis, 18 a month
  • More questions to the chat on its filings
  • Excel with every year
  • An email when it reports, changes its dividend or an officer buys

Sign in with a free account to see the last 5 fiscal years.

Insiders and their shares

Purchases and sales by officers and directors from Nov 15, 2025 to Nov 13, 2026, from their own Form 4 filings.

7 Form 4s

Bought on the market

–

nobody

Sold on the market

$19M

9 people

From Nov 15, 2025 to Nov 15, 2026, the days the chart shows. Change its range and the figures follow.

How the sales were made, as a share of their value

  • Under a set plan0%
  • The rest100%

By year

Insiders' open-market purchases (up) and sales (down), by value, since Nov 15, 2025, on a log scale: each gridline is ten times the last. From the SEC's quarterly data sets of Form 4 filings.

2026·no buys·sold $19M by 8 people

  • 2025: no buys, sold $738.0K by 1 person
  • 2026: no buys, sold $19M by 8 people
  • Nov 13, 2026William J LeatherberryChief Admin. Officer & GC
    Kind
  • Sep 13, 2026Nicholas Daniel RealmutoSVP, Controller
    Kind
  • Sep 4, 2026Adam PollitzerChief Executive Officer
    Kind
  • Sep 4, 2026Adam PollitzerChief Executive Officer
    Kind
  • Sep 4, 2026Adam PollitzerChief Executive Officer
    Kind
  • Sep 4, 2026Adam PollitzerChief Executive Officer
    Kind
  • Aug 11, 2026Aurora SwithenbankEVP, Chief Financial Officer
    Kind
  • Aug 3, 2026Robert Owen SmithEVP, Chief Risk Officer
    Kind
  • May 19, 2026Michael Curry MontgomeryDirector
    Kind
  • Mar 24, 2026Bradley M ShusterExecutive Chairman
    Kind
  • Mar 19, 2026Bradley M ShusterExecutive Chairman
    Kind
  • Mar 12, 2026Bradley M ShusterExecutive Chairman
    Kind
  • Mar 5, 2026Bradley M ShusterExecutive Chairman
    Kind
  • Feb 26, 2026Bradley M ShusterExecutive Chairman
    Kind
  • Feb 18, 2026Bradley M ShusterExecutive Chairman
    Kind
  • Feb 17, 2026Mohammad Nawaz YousafEVP, Chief of Ops and Tech
    Kind
  • Feb 17, 2026Norman Peter FitzgeraldEVP, Chief Sales Officer
    Kind

From the Form 4s insiders file with the SEC within two business days of each trade. Before May 20, 2026 the table lists open-market purchases and sales only (no grants, option exercises or tax withholding), from the SEC's quarterly data sets. The 10b5-1 mark comes from the form's own box (since April 2023) or from a footnote of the filing that names the plan, where there is one.

Insiders and their shares

Every buy and sale by NMIH's officers and directors from 2014 up to November 14, 2025, 12 more calendar years

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Major holders (over 5%)

Whoever comes to own more than 5% of a class of shares reports it to the SEC on Schedule 13D or 13G. Here is each holder's latest filing.

2 Holders over 5%Apr 30, 2026 Latest filing
  • BlackRock, Inc.Class A Stock
    Share of class15.2%
  • Vanguard Capital Management
    Share of class5.26%
Fell to 5% or less (1)

Holders whose latest filing says they hold 5% or less. After it they need not file again, so what they hold today is not known.

  • The Vanguard Group0.00%Mar 27, 202613G/A

From the Schedule 13D and 13G filed with the SEC since Dec 18, 2024, when they became structured data. A holder who has filed nothing since then is not shown here. A 13D is updated within two business days of any material change, a 13G up to 45 days after the quarter of the change, so the shares are those of the filing. The large managers also appear in the 13Fs.

Well-known managers

Which of the about 30 investment managers we track held the shares at the quarter end, and what they changed from the quarter before.

Jun 30, 2026 quarter end
  • Point72 (Cohen)
    In the quarter-39%
  • Citadel Advisors (Griffin)
    In the quarter+151%
  • Millennium Mgmt (Englander)
    In the quarter-22%
  • D.E. Shaw
    In the quarter-20%
  • AQR Capital
    In the quarter+33%

From the 13Fs managers file with the SEC up to 45 days after each quarter end. They show only long positions on that day, not short sales or what has changed since. No recent 13F: Pershing Square (Ackman), Scion (Burry).

Short interest

How many of the company's shares have been sold borrowed and not yet bought back, twice a month.

On Oct 15, 2026, 3.91% of its shares outstanding were held short, +35.0% since the report before.

Shares held short
2.97M
3.91%
Since the report before2.20M on Sep 30, 2026
+35.0%
3.6
834.3K
More days to cover thanof 4,578 US-listed companies with enough volume
42%
Report date
Oct 15, 2026
  • Oct 31, 2023: Shares held short 888.4K
  • Nov 15, 2023: Shares held short 1.15M
  • Nov 30, 2023: Shares held short 1.51M
  • Dec 15, 2023: Shares held short 1.76M
  • Dec 29, 2023: Shares held short 1.43M
  • Jan 12, 2024: Shares held short 1.23M
  • Jan 31, 2024: Shares held short 1.67M
  • Feb 15, 2024: Shares held short 1.41M
  • Feb 29, 2024: Shares held short 1.48M
  • Mar 15, 2024: Shares held short 1.79M
  • Mar 28, 2024: Shares held short 1.37M
  • Apr 15, 2024: Shares held short 1.47M
  • Apr 30, 2024: Shares held short 1.71M
  • May 15, 2024: Shares held short 1.71M
  • May 31, 2024: Shares held short 1.65M
  • Jun 14, 2024: Shares held short 1.42M
  • Jun 28, 2024: Shares held short 1.62M
  • Jul 15, 2024: Shares held short 1.36M
  • Jul 31, 2024: Shares held short 1.29M
  • Aug 15, 2024: Shares held short 1.22M
  • Aug 30, 2024: Shares held short 1.34M
  • Sep 13, 2024: Shares held short 1.46M
  • Sep 30, 2024: Shares held short 1.55M
  • Oct 15, 2024: Shares held short 1.58M
  • Oct 31, 2024: Shares held short 1.56M
  • Nov 15, 2024: Shares held short 1.68M
  • Nov 29, 2024: Shares held short 1.49M
  • Dec 13, 2024: Shares held short 1.26M
  • Dec 31, 2024: Shares held short 1.34M
  • Jan 15, 2025: Shares held short 1.29M
  • Jan 31, 2025: Shares held short 1.26M
  • Feb 14, 2025: Shares held short 1.26M
  • Feb 28, 2025: Shares held short 1.32M
  • Mar 14, 2025: Shares held short 1.49M
  • Mar 31, 2025: Shares held short 1.72M
  • Apr 15, 2025: Shares held short 1.43M
  • Apr 30, 2025: Shares held short 1.71M
  • May 15, 2025: Shares held short 2.03M
  • May 30, 2025: Shares held short 1.75M
  • Jun 13, 2025: Shares held short 1.85M
  • Jun 30, 2025: Shares held short 2.01M
  • Jul 15, 2025: Shares held short 1.83M
  • Jul 31, 2025: Shares held short 1.82M
  • Aug 15, 2025: Shares held short 1.69M
  • Aug 29, 2025: Shares held short 1.56M
  • Sep 15, 2025: Shares held short 1.64M
  • Sep 30, 2025: Shares held short 1.63M
  • Oct 15, 2025: Shares held short 1.66M
  • Oct 31, 2025: Shares held short 1.62M
  • Nov 14, 2025: Shares held short 1.57M
  • Nov 28, 2025: Shares held short 1.52M
  • Dec 15, 2025: Shares held short 1.59M
  • Dec 31, 2025: Shares held short 1.39M
  • Jan 15, 2026: Shares held short 1.47M
  • Jan 30, 2026: Shares held short 1.88M
  • Feb 13, 2026: Shares held short 2.00M
  • Feb 27, 2026: Shares held short 1.92M
  • Mar 13, 2026: Shares held short 1.92M
  • Mar 31, 2026: Shares held short 1.88M
  • Apr 15, 2026: Shares held short 1.92M
  • Apr 30, 2026: Shares held short 1.87M
  • May 15, 2026: Shares held short 1.75M
  • May 29, 2026: Shares held short 1.81M
  • Jun 15, 2026: Shares held short 2.01M
  • Jun 30, 2026: Shares held short 2.16M
  • Jul 15, 2026: Shares held short 2.08M
  • Jul 31, 2026: Shares held short 1.83M
  • Aug 14, 2026: Shares held short 1.93M
  • Aug 31, 2026: Shares held short 1.82M
  • Sep 15, 2026: Shares held short 1.98M
  • Sep 30, 2026: Shares held short 2.20M
  • Oct 15, 2026: Shares held short 2.97M

As brokers report them to the regulator twice a month, mid-month and at month end, published about eight business days later. A short position is shares sold borrowed and not yet bought back. The share count is the one the company's market value is figured on, from its filings. Days to cover is the shares held short over the average daily volume of the weeks between two reports.

Short sales in daily trading47.9% of the shares in the last 14 sessions' reported trades were short sales.

In the last 14 sessions, 47.9% of the shares in the reported trades were short sales, against 44.6% in the 14 before.

Last 14 sessionsOct 27, 2026 – Nov 13, 2026
47.9%
The 14 beforeOct 7, 2026 – Oct 26, 2026
44.6%
Change
+3.3 pts
Short sales a dayon average, of 248.7K shares
119.1K
More than atof 3,649 US-listed companies, same days
42%
Median of alleight in ten from 34.6% to 63.4%
50.1%
  • Oct 7, 2026: Short sales 48.5%
  • Oct 8, 2026: Short sales 53.5%
  • Oct 9, 2026: Short sales 58.7%
  • Oct 12, 2026: Short sales 51.3%
  • Oct 13, 2026: Short sales 31.2%
  • Oct 14, 2026: Short sales 38.5%
  • Oct 15, 2026: Short sales 43.6%
  • Oct 16, 2026: Short sales 41.7%
  • Oct 19, 2026: Short sales 48.2%
  • Oct 20, 2026: Short sales 37.8%
  • Oct 21, 2026: Short sales 40.1%
  • Oct 22, 2026: Short sales 48.2%
  • Oct 23, 2026: Short sales 46.3%
  • Oct 26, 2026: Short sales 53.6%
  • Oct 27, 2026: Short sales 56.5%
  • Oct 28, 2026: Short sales 32.1%
  • Oct 29, 2026: Short sales 56.7%
  • Oct 30, 2026: Short sales 39.9%
  • Nov 2, 2026: Short sales 64.5%
  • Nov 3, 2026: Short sales 46.2%
  • Nov 4, 2026: Short sales 36.6%
  • Nov 5, 2026: Short sales 50.6%
  • Nov 6, 2026: Short sales 47.9%
  • Nov 9, 2026: Short sales 57%
  • Nov 10, 2026: Short sales 43.6%
  • Nov 11, 2026: Short sales 51.3%
  • Nov 12, 2026: Short sales 37.2%
  • Nov 13, 2026: Short sales 37.3%

This is not the number of shares sold short today: it measures short sales within each day's trading, and only trades made off the exchanges. Much of it is market makers, who sell shares they do not have to fill buyers' orders and cover soon after, so for a heavily traded stock the share is often around half.

What the insiders hold

The shares each insider reports holding after their latest trade (Form 4), for those who traded on the market in the last three years.

1.20M Insiders' shares1.58% Of the company
  • Bradley M ShusterExecutive Chairman
    Directly415.4K
  • Adam PollitzerChief Executive Officer
    Directly270.3K
  • William J LeatherberryChief Admin. Officer & GC
    Directly99.1K
  • Robert Owen SmithEVP, Chief Risk Officer
    Directly96.4K
  • Steven ScheidDirector
    Directly–
  • Michael Curry MontgomeryDirector
    Directly69.0K
  • Aurora SwithenbankEVP, Chief Financial Officer
    Directly50.7K
  • Michael J EmblerDirector
    Directly46.0K
  • Mohammad Nawaz YousafEVP, Chief of Ops and Tech
    Directly38.7K
  • Norman Peter FitzgeraldEVP, Chief Sales Officer
    Directly32.4K
  • Nicholas Daniel RealmutoVP, Controller
    Directly7,843

A lower bound: it counts only the 11 officers and directors with a market trade since Nov 16, 2023. Anyone who neither bought nor sold since is not here, whatever they hold. The share is against the share count on the latest 10-K's cover.

The ETFs that hold it

Which of the 269 US equity ETFs we track hold the stock, and at what weight, from the funds' N-PORT filings.

21 ETFs holding it1.03% The largest weight (KBE)
  • KBEState Street(R) SPDR(R) S&P(R) Bank ETF
    Weight in the fund1.03%
  • AVUVAvantis U.S. Small Cap Value ETF
    Weight in the fund0.34%
  • DFSVDimensional US Small Cap Value ETF
    Weight in the fund0.22%
  • IWNiShares Russell 2000 Value ETF
    Weight in the fund0.21%
  • SPSMState Street(R) SPDR(R) Portfolio S&P 600(TM) Small Cap ETF
    Weight in the fund0.17%
  • IJRiShares Core S&P Small-Cap ETF
    Weight in the fund0.17%
  • VTWOVanguard Russell 2000 Index Fund
    Weight in the fund0.11%
  • IWMiShares Russell 2000 ETF
    Weight in the fund0.10%
  • SCHASchwab U.S. Small-Cap ETF
    Weight in the fund0.07%
  • VFHVanguard Financials Index Fund
    Weight in the fund0.04%

21 of the 269 ETFs we track, not of every ETF on the market. The ten largest weights. Positions as each fund filed them in its latest N-PORT.

Institutional investors by quarter

Every manager that reports positions to the SEC (Form 13F), quarter by quarter: how many hold the stock, how many shares and dollars between them, and who entered, left, added or trimmed during the quarter.

358 Managers, Q2 2026$3.1B Value of their positions
  • Q3 2025: Managers 355
  • Q4 2025: Managers 361
  • Q1 2026: Managers 365
  • Q2 2026: Managers 358

Institutional investors by quarter

The fund managers holding NMIH, quarter by quarter, from Q4 2013 to Q2 2025, 47 more quarters

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Q2 2026: 358 managers held 75.18M shares, worth $3.1B. During the quarter 41 opened a position, 48 closed one, 145 added and 113 trimmed.

The largest holders, Q2 2026

  • BlackRock
    In the quarter+2.5%
  • Dimensional Fund Advisors
    In the quarter+7.2%
  • State Street
    In the quarter+5.3%
  • Vanguard Capital Management
    In the quarter-0.3%
  • American Century Companies
    In the quarter+12%
  • Vanguard Portfolio Management
    In the quarter-3.5%
  • Geode Capital Management
    In the quarter+4.7%
  • Nomura Asset Management International
    In the quarter+13%
  • Van Berkom & Associates
    In the quarter-53%
  • Assenagon Asset Management
    In the quarter+87%

From the SEC's Form 13F data sets, Q3 2025 to Q2 2026: the long positions of every manager with more than $100 million under management, as filed up to 45 days after each quarter end. Short positions and options are not in them. Shares as reported each quarter, not adjusted for splits. The stock is matched by its CUSIP, through the SEC's fails-to-deliver files.

Pay against performance, the say-on-pay vote, buybacks by quarter and trading plans are read for S&P 500 companies only.

The full analysis

What do NMI's filings show?

Who buys and sells is one part of NMI's picture. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

  • A fair value range built from the filings
  • Earnings quality, debt and red flags
  • Insider and institutional moves
  • The case for and the case against

Questions about NMIH's shareholders

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Ask us
Have NMIH's insiders bought or sold?

From May 20, 2026 to Nov 13, 2026 NMI's insiders bought 0 and sold $11M of shares on the market. 0% of the sales were under set 10b5-1 plans.

Which well-known managers hold NMIH?

5 of the managers we track held the shares on Jun 30, 2026. The largest position was AQR Capital's, worth $39M.

Is every insider transaction a purchase or a sale?

No. Many are part of their pay: share awards, option exercises and shares the company keeps for the tax. Only code P is a purchase with their own money, and code S a sale on the market.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

US stocksThe market today, the sectors, the largest companies and the week's results.The market's sectorsThe 11 sectors side by side: returns, share of the market, median P/E and dividend.Compare stocksTwo companies side by side: price over up to ten years, with and without dividends, and every figure.US dividend stocksEach dividend's yield next to whether the company's cash covers it and whether it was ever cut.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.