Cliff Asness's NMIH Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 733,478 shares of NMI Holdings, Inc. (NMIH) worth $29.92 M, representing 0.02% of the portfolio. First purchased in 2016-Q3, this long-term strategic position has been held for 37 quarters.
Based on 13F filings, Cliff Asness has maintained a strategic position in NMIH, demonstrating sustained confidence in this investment. Largest addition occurred in Q4 2019, adding 275,353 shares. Largest reduction occurred in Q3 2017, reducing 213,902 shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's NMI Holdings (NMIH) Holding Value Over Time
Track share changes against reported price movement
Quarterly NMI Holdings (NMIH) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | +171,203 | Add 30.45% | 733,478 | $40.79 |
| Q3 2025 | +229,933 | Add 69.19% | 562,275 | $38.34 |
| Q2 2025 | +51,227 | Add 18.22% | 332,342 | $42.19 |
| Q1 2025 | +40,529 | Add 16.85% | 281,115 | $36.05 |
| Q4 2024 | -21,569 | Reduce 8.23% | 240,586 | $36.76 |
| Q3 2024 | -78,280 | Reduce 22.99% | 262,155 | $41.19 |
| Q2 2024 | -19,667 | Reduce 5.46% | 340,435 | $34.04 |
| Q1 2024 | +98,494 | Add 37.65% | 360,102 | $32.34 |
| Q4 2023 | +38,806 | Add 17.42% | 261,608 | $29.68 |
| Q3 2023 | +14,217 | Add 6.82% | 222,802 | $27.09 |
| Q2 2023 | -30,521 | Reduce 12.76% | 208,585 | $25.82 |
| Q1 2023 | -15,084 | Reduce 5.93% | 239,106 | $22.33 |
| Q4 2022 | +17,550 | Add 7.42% | 254,190 | $20.90 |
| Q3 2022 | +146,864 | Add 163.59% | 236,640 | $20.37 |
| Q2 2022 | +52,515 | Add 140.94% | 89,776 | $16.65 |
| Q1 2022 | +6,861 | Add 22.57% | 37,261 | $20.61 |
| Q4 2021 | +13,889 | Add 84.12% | 30,400 | $21.84 |
| Q3 2021 | -22,003 | Reduce 57.13% | 16,511 | $22.59 |
| Q2 2021 | +38,514 | New Buy | 38,514 | $22.49 |
| Q4 2020 | -13,268 | Sold Out | 0 | $0.00 |
| Q3 2020 | -113,961 | Reduce 89.57% | 13,268 | $17.79 |
| Q2 2020 | -172,740 | Reduce 57.59% | 127,229 | $16.08 |
| Q1 2020 | -76,851 | Reduce 20.39% | 299,969 | $11.61 |
| Q4 2019 | +275,353 | Add 271.37% | 376,820 | $33.18 |
| Q3 2019 | +70,193 | Add 224.45% | 101,467 | $26.26 |
| Q2 2019 | +8,441 | Add 36.97% | 31,274 | $28.39 |
| Q1 2019 | -4,906 | Reduce 17.69% | 22,833 | $25.88 |
| Q4 2018 | -5,639 | Reduce 16.89% | 27,739 | $17.84 |
| Q3 2018 | -20,211 | Reduce 37.71% | 33,378 | $22.65 |
| Q2 2018 | +340 | Add 0.64% | 53,589 | $16.31 |
| Q1 2018 | +20,446 | Add 62.33% | 53,249 | $16.54 |
| Q4 2017 | +900 | Add 2.82% | 32,803 | $17.01 |
| Q3 2017 | -213,902 | Reduce 87.02% | 31,903 | $12.41 |
| Q2 2017 | -15,159 | Reduce 5.81% | 245,805 | $11.45 |
| Q1 2017 | +119,906 | Add 85.00% | 260,964 | $11.40 |
| Q4 2016 | +60,321 | Add 74.71% | 141,058 | $10.65 |
| Q3 2016 | +80,737 | New Buy | 80,737 | $7.62 |
Cliff Asness's NMI Holdings Investment FAQs
Cliff Asness first purchased NMI Holdings, Inc. (NMIH) in Q3 2016, acquiring 80,737 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness has held NMI Holdings, Inc. (NMIH) for 37 quarters since Q3 2016.
Cliff Asness's largest addition to NMI Holdings, Inc. (NMIH) was in Q4 2019, adding 376,820 shares worth $12.5 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 733,478 shares of NMI Holdings, Inc. (NMIH), valued at approximately $29.92 M.
As of the Q4 2025 filing, NMI Holdings, Inc. (NMIH) represents approximately 0.02% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in NMI Holdings, Inc. (NMIH) was 733,478 shares, as reported at the end of Q4 2025.