NMI Holdings, Inc.
US ˙ NasdaqGM ˙ US6292093050

SecurityNMIH / NMI Holdings, Inc.
InstitutionMacquarie Group Ltd
Latest Disclosed Ownership0 shares
Latest Disclosed Value $ 0
Macquarie Group Ltd closes position in NMIH / NMI Holdings, Inc.

On February 13, 2026 - Macquarie Group Ltd filed a 13F-HR form disclosing ownership of 0 shares of NMI Holdings, Inc. (US:NMIH) valued at $0 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 13, 2025 disclosing 2,026,246 shares of NMI Holdings, Inc.. This represents a change in shares of -100.00% during the quarter. The current value of the position is $0 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-02-13 2025-12-31 13F NMI HLDGS COM 629209305 0 -2,026,246 -100.00 0 -100.00
2025-11-13 2025-09-30 13F NMI HLDGS COM 629209305 2,026,246 -199,267 -8.95 77,686 -17.26 0.0907
2025-08-14 2025-06-30 13F NMI HLDGS COM 629209305 2,225,513 58,254 2.69 93,894 20.18 0.1152
2025-08-14 2025-03-31 13F/A-1 NMI HLDGS COM 629209305 2,167,259 53,516 2.53 78,130 0.55 0.0970
2025-05-15 2025-03-31 13F NMI HLDGS COM 629209305 2,167,259 53,516 78,130 0.0638
2025-02-14 2024-12-31 13F NMI HLDGS COM 629209305 2,113,743 -6,831 -0.32 77,701 -11.04 0.0943
2024-11-14 2024-09-30 13F NMI HLDGS COM 629209305 2,120,574 -49,338 -2.27 87,346 18.25 0.0943
2024-08-09 2024-06-30 13F NMI HLDGS COM 629209305 2,169,912 9,770 0.45 73,864 5.73 0.0847
2024-05-14 2024-03-31 13F NMI HLDGS CL A 629209305 2,160,142 -57,837 -2.61 69,859 6.12 0.0792
2024-02-14 2023-12-31 13F NMI HLDGS CL A 629209305 2,217,979 -1,224,819 -35.58 65,830 -29.42 0.0760
2023-11-14 2023-09-30 13F NMI HLDGS CL A 629209305 3,442,798 -436,018 -11.24 93,265 -6.88 0.1172
2023-10-27 2023-06-30 13F/A-2 NMI HLDGS CL A 629209305 3,878,816 45,646 1.19 100,151 17.01 0.1145
2023-10-12 2023-06-30 13F/A-1 NMI HLDGS CL A 629209305 3,878,816 45,646 100,151 0.1007
2023-08-14 2023-06-30 13F NMI HLDGS CL A 629209305 3,878,816 45,646 100,151 0.1016
2023-06-01 2023-03-31 13F/A-1 NMI HLDGS CL A 629209305 3,833,170 83,594 2.23 85,595 9.22 0.1017
2023-05-15 2023-03-31 13F NMI HLDGS CL A 629209305 3,833,170 83,594 85,595 0.0786
2023-02-21 2022-12-31 13F NMI HLDGS CL A 629209305 3,749,576 86,377 2.36 78,366 4.99 0.0925
2022-11-14 2022-09-30 13F NMI HLDGS CL A 629209305 3,663,199 49,687 1.38 74,644 24.07 0.0916
2022-08-17 2022-06-30 13F/A-1 NMI HLDGS CL A 629209305 3,613,512 137,916 3.97 60,165 -16.05 0.0675
2022-08-15 2022-06-30 13F NMI HLDGS CL A 629209305 3,613,512 137,916 60,165 0.0215
2022-05-16 2022-03-31 13F NMI HLDGS CL A 629209305 3,475,596 824,026 31.08 71,667 23.70 0.0545
2022-02-11 2021-12-31 13F Nmi Holdings CL A 629209305 2,651,570 222,718 9.17 57,937 5.50 0.0483
2021-11-12 2021-09-30 13F NMI HLDGS CL A 629209305 2,428,852 20,535 0.85 54,916 1.44 0.0468
2021-08-13 2021-06-30 13F NMI HLDGS CL A 629209305 2,408,317 388,316 19.22 54,139 13.38 0.0445
2021-05-14 2021-03-31 13F NMI HLDGS CL A 629209305 2,020,001 -122,085 -5.70 47,752 -1.58 0.0675
2021-02-16 2020-12-31 13F NMI HLDGS CL A 629209305 2,142,086 166,394 8.42 48,518 37.96 0.0709
2020-11-13 2020-09-30 13F NMI HLDGS CL A 629209305 1,975,692 482,137 32.28 35,167 46.43 0.0595
2020-08-11 2020-06-30 13F NMI HLDGS CL A 629209305 1,493,555 636,288 74.22 24,017 141.30 0.0414
2020-05-15 2020-03-31 13F NMI HLDGS CL A 629209305 857,267 852,267 17,045.34 9,953 5,895.78 0.0204
2020-03-18 2019-12-31 13F/A-2 NMI HLDGS CL A 629209305 5,000 0 0.00 166 26.72 0.0002
2020-02-28 2019-12-31 13F/A-1 NMI HLDGS CL A 629209305 5,000 0 166 0.0002
2020-02-14 2019-12-31 13F NMI HLDGS CL A 629209305 5,000 0 166 208.3159
2019-11-14 2019-09-30 13F NMI HLDGS CL A 629209305 5,000 5,000 131 0.0002
2018-11-15 2018-09-30 13F NMI HLDGS CL A 629209305 0 -350 -100.00 0 -100.00
2019-03-21 2018-06-30 13F/A-1 NMI HLDGS CL A 629209305 350 -18,400 -98.13 6 -98.06 0.0000
2018-08-14 2018-06-30 13F NMI HLDGS CL A 629209305 350 -18,400 6
2018-05-11 2018-03-31 13F NMI HLDGS CL A 629209305 18,750 5,900 45.91 310 42.20 0.0006
2018-02-14 2017-12-31 13F NMI HLDGS CL A 629209305 12,850 3,700 40.44 218 92.92 0.0004
2017-11-08 2017-09-30 13F NMI HLDGS CL A 629209305 9,150 9,150 113 0.0002
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.