NMI Holdings, Inc. bonds NMIH
Who owns NMI Holdings, Inc.'s debt and what their own filings say it is worth. Bond prices and yields are fund-reported marks (SEC Form N-PORT) as of Jul 2026; they lag the market by about two months. NMIH stock page.
Every bond funds hold
Each bond's latest fund-reported mark. Price per 100 of face value; yield to maturity from price, coupon and maturity; spread over the matched-maturity Treasury for US-dollar bonds.
| Bond | Coupon | Maturity | Ccy | Price | Yield | Spread | Funds | Held | As of |
|---|---|---|---|---|---|---|---|---|---|
| 629209AC1 | 6% fixed | 2029-08-15 | USD | 101.50 | 5.46% | 120 bp | 20 | $38.8M | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over Treasuries, month-ends with complete filings. Fund-reported.
Price history
Median fund-marked price across the bonds, per 100 of face value.
By month
Funds file on staggered quarter-ends, so each month-end is marked by the funds that reported for it; the amount held moves with which funds filed, not only with buying and selling.
| Month-end | Bonds | Held | Median price | USD yield | USD spread | Most funds on one bond |
|---|---|---|---|---|---|---|
| Jul 2026 | 1 | $38.8M | 101.50 | 5.46% | 120 bp | 20 |
| Jun 2026 | 1 | $54.7M | 102.13 | 5.25% | 110 bp | 35 |
| May 2026 | 1 | $48.8M | 102.26 | 5.22% | 117 bp | 21 |
| Apr 2026 | 1 | $35.6M | 102.33 | 5.22% | 138 bp | 18 |
| Mar 2026 | 1 | $63.0M | 102.29 | 5.25% | 150 bp | 35 |
| Feb 2026 | 1 | $46.4M | 103.77 | 4.81% | 125 bp | 19 |
| Jan 2026 | 1 | $38.1M | 103.46 | 4.92% | 127 bp | 22 |
| Dec 2025 | 1 | $70.9M | 103.68 | 4.88% | 128 bp | 37 |
| Nov 2025 | 1 | $45.8M | 103.54 | 4.94% | 134 bp | 22 |
| Oct 2025 | 1 | $36.1M | 103.33 | 5.02% | 145 bp | 22 |
| Sep 2025 | 1 | $70.7M | 103.48 | 5.00% | 140 bp | 37 |
| Aug 2025 | 1 | $33.9M | 102.74 | 5.22% | 150 bp | 20 |
| Jul 2025 | 1 | $34.8M | 102.12 | 5.41% | 151 bp | 19 |
Who holds the debt
Fund series in their latest quarterly N-PORT report, largest first, with the change in face value against each fund's own previous report. Names as reported in the filings. 15 added, 5 cut, 5 new holders and 2 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $18.0M | $18.4M | $0 |
| Bond Fund John Hancock Sovereign Bond Fund | 2026-05-31 | $14.5M | $14.8M | $0 |
| Lord Abbett Short Duration Income Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $12.4M | $12.7M | $0 |
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $9.1M | $9.3M | $0 |
| Fixed Income SHares: Series C PIMCO Managed Accounts Trust | 2026-06-30 | $6.0M | $6.1M | $0 |
| NYLIM MacKay Short Duration High Income Fund NYLIM FUNDS TRUST | 2026-07-31 | $5.5M | $5.6M | $0 |
| NYLIM MacKay High Yield Corporate Bond Fund NYLIM FUNDS | 2026-07-31 | $5.0M | $5.1M | $0 |
| Short Duration Bond Fund John Hancock Bond Trust | 2026-05-31 | $4.8M | $4.9M | $1.8M |
| PIMCO Active Bond Exchange-Traded Fund PIMCO ETF Trust | 2026-06-30 | $4.7M | $4.8M | $0 |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $4.4M | $4.5M | $0 |
| Investment Grade Bond Fund John Hancock Bond Trust | 2026-05-31 | $4.3M | $4.4M | $440K |
| Victory Short-Term Bond Fund Victory Portfolios III | 2026-07-31 | $4.2M | $4.3M | $0 |
| iShares iBonds Dec 2029 Term Corporate ETF iShares Trust | 2026-07-31 | $3.9M | $4.0M | $240K |
| Dunham Long/Short Credit Fund Dunham Funds | 2026-07-31 | $3.1M | $3.1M | new |
| John Hancock Core Bond ETF John Hancock Exchange-Traded Fund Trust | 2026-06-30 | $2.8M | $2.9M | $24K |
| VictoryShares Short-Term Bond ETF Victory Portfolios II | 2026-06-30 | $2.8M | $2.8M | $0 |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $2.6M | $2.7M | -$345K |
| American Century Diversified Corporate Bond ETF American Century ETF Trust | 2026-05-31 | $2.6M | $2.7M | $1.2M |
| Short Duration Fund American Century Investment Trust | 2026-06-30 | $2.3M | $2.3M | $0 |
| Balanced Fund John Hancock Investment Trust | 2026-07-31 | $1.7M | $1.7M | $276K |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $1.6M | $1.7M | $0 |
| Short Duration Strategic Income Fund American Century Investment Trust | 2026-06-30 | $1.6M | $1.6M | $0 |
| Strategic Bond Fund RUSSELL INVESTMENT CO | 2026-07-31 | $1.5M | $1.6M | new |
| John Hancock Managed Account Shares Investment-Grade Corporate Bond Portfolio John Hancock Strategic Series | 2026-05-31 | $1.4M | $1.4M | $0 |
| Investment Grade Bond Fund RUSSELL INVESTMENT CO | 2026-07-31 | $1.3M | $1.3M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): CTIVP - American Century Diversified Bond Fund ($8.2M), Global Bond Fund ($2.4M).
ETFs holding these bonds
From each ETF's own latest N-PORT report: the issuer's bonds as a share of the ETF's net assets. A holdings list, not a recommendation.
| ETF | Report | Bonds | Face value | Value | % of net assets |
|---|---|---|---|---|---|
| BOND PIMCO Active Bond Exchange-Traded Fund | 2026-06-30 | 1 | $4.7M | $4.8M | 0.06% |
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 1 | $4.4M | $4.5M | 0.00% |
| IBDU iShares iBonds Dec 2029 Term Corporate ETF | 2026-07-31 | 1 | $3.9M | $4.0M | 0.10% |
| JHCR John Hancock Core Bond ETF | 2026-06-30 | 1 | $2.8M | $2.9M | 0.12% |
| USTB VictoryShares Short-Term Bond ETF | 2026-06-30 | 1 | $2.8M | $2.8M | 0.13% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 1 | $2.6M | $2.7M | 0.01% |
| KORP American Century Diversified Corporate Bond ETF | 2026-05-31 | 1 | $2.6M | $2.7M | 0.33% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 1 | $1.2M | $1.3M | 0.00% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 1 | $1.0M | $1.0M | 0.01% |
| SDSI American Century Short Duration Strategic Income ETF | 2026-05-31 | 1 | $795K | $814K | 0.37% |
| SKOR FlexShares Credit-Scored US Corporate Bond Index Fund | 2026-07-31 | 1 | $600K | $609K | 0.08% |
| MUSI American Century Multisector Income ETF | 2026-05-31 | 1 | $553K | $566K | 0.26% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 1 | $490K | $501K | 0.00% |
| JHCB John Hancock Corporate Bond ETF | 2026-06-30 | 1 | $433K | $442K | 0.41% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 1 | $315K | $320K | 0.00% |
Default risk, three ways
Stock market: distance-to-default
Not computed: financial company (banks, insurers, BDCs and REITs carry leverage as their business, which the model misreads).
Bond market: priced-in odds
A 120 bp spread prices in about 2.0% a year of default odds (spread ÷ (1 − 40% recovery)). Fund-reported marks as of Jul 2026; the spread also pays for liquidity and risk premium, so this overstates actual defaults.
Accounts: Altman Z
Not available.
The stock side: 13F filings
What institutions report holding in NMIH's stock and options. Options are reported at the value of the underlying shares, not the premium paid; 13F lists long positions only, lags 45 days after quarter-end, and does not show whether puts hedge a stock position.
| Quarter-end | Stock holders | Stock value | Put managers | Puts (underlying value) | Call managers | Calls (underlying value) | Convertible holders |
|---|---|---|---|---|---|---|---|
| 2026-09-30 filings still arriving | 33 | $34.4M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 345 | $3.03B | 2 | $374K | 1 | $4K | 0 |
| 2026-03-31 | 343 | $2.45B | 1 | $15K | 2 | $1.9M | 0 |
| 2025-12-31 | 349 | $2.96B | 1 | $4K | 2 | $2.1M | 0 |
| 2025-09-30 | 344 | $2.83B | 0 | — | 2 | $732K | 0 |
| 2025-06-30 | 340 | $3.13B | 1 | $0 | 3 | $958K | 0 |
Sources: fund holdings and fund-reported marks from SEC Form N-PORT (published about 60 days after each month-end); 13F filings; House and Senate periodic transaction reports and OGE Form 278-T; Treasury yields from FRED. Findings from filings, not advice. How each number is computed.