NI HLDGS INC (NODK): Hedge Fund Ownership & Smart Money Signals (Q4 2025)

NI HLDGS INC (NODK)

69 + Investors. Track Smart Money conviction in NODK. See who's accumulating, reducing, or initiating positions.

Smart Money Signals — NODK

Based on 69 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q

For 2 consecutive quarters, more hedge funds added NODK than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

🏔️

At the ownership peak (100% of max)

100% of all-time peak

69 hedge funds hold NODK right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.

📶

Steady growth — +19% more funds vs a year ago

fund count last 6Q

+11 new funds entered over the past year (+19% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.

🟢

More buyers than sellers — 61% buying

34 buying22 selling

Last quarter: 34 funds were net buyers (6 opened a brand new position + 28 added to an existing one). Only 22 were sellers (18 trimmed + 4 sold completely). A clear majority buying is a strong confirmation signal.

➡️

Steady new buyers — ~6 new funds per quarter

new funds entering per quarter

Funds opening this position for the first time: 7 → 6 → 9 → 6. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.

🔒

59% of holders stayed for 2+ years

■ 59% conviction (2yr+) ■ 22% medium ■ 19% new

41 out of 69 hedge funds have held NODK for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

➡️

Steady discovery — ~6 new funds/quarter

8 → 7 → 6 → 9 → 6 new funds/Q

New funds entering each quarter: 7 → 6 → 9 → 6. Consistent flow of new institutional buyers without clear acceleration or slowdown.

🏛️

Deep conviction — 62% of holders stayed 2+ years

■ 62% veterans ■ 7% 1-2yr ■ 30% new

Of 69 current holders: 43 (62%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.

✅

Strong quality — 24% AUM from major funds

24% from top-100 AUM funds

20 of 69 holders rank in the top 100 by AUM, accounting for 24% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

3.8

out of 10

Low Exit Risk

Exit risk score 3.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Metric	All 13F Filers (2025 Q4)	Prior (2025 Q3)	Change
Funds Holding	69	67	2.99%
13F Shares	5M	5M	1.04%
Total Value	$68M	$69M	-0.9%
New Positions	6	9	-3
Increased Positions	28	25	+3
Closed Positions	4	2	+2
Reduced Positions	18	17	+1
Total Calls	0	0	-
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Metric

All 13F Filers (2025 Q4)

Prior (2025 Q3)

Change

Funds Holding

2.99%

13F Shares

1.04%

Total Value

$68M

$69M

-0.9%

New Positions

-3

Increased Positions

Closed Positions

Reduced Positions

Total Calls

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q1)

69 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in NODK. Verified SEC 13F-HR filings.

FILTER:All New Added To Reduced No Change | Overweight >5% | SHOW: Active managers + show index funds

Top 11 institutional holders of NODK — 2025 Q4 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	M3F, Inc.	5.28%	1,652,020	$21K
2	Asset Allocation & Management Company, LLC	0.10%	21,589	—
3	THOMPSON INVESTMENT MANAGEMENT, INC.	0.00%	785	$10K
4	Police & Firemen's Retirement System of New Jersey	0.00%	1,911	$25K
5	MassMutual Private Wealth & Trust, FSB	0.00%	228	$3K
6	Sterling Capital Management LLC	0.00%	227	$3K
7	GAMMA Investing LLC	0.00%	32	—
8	True Wealth Design, LLC	0.00%	5	—
9	IFP Advisors, Inc	0.00%	23	—
10	Root Financial Partners, LLC	0.00%	2	—
11	NISA INVESTMENT ADVISORS, LLC	0.00%	18	—

Investor	Ownership History	% of Portfolio	Prev %	Rank	Conviction	Avg Buy Price	13F Score™ 3Y / 7Y	Sell Timing	Shares	Mkt Value	Change	Change %	Source	Quarter	Filed

Frequently Asked Questions — NI HLDGS INC (NODK)

What does the Smart Money Trend signal show for NODK?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added NODK than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for NODK?

More buyers than sellers — 61% buying: Last quarter: 34 funds were net buyers (6 opened a brand new position + 28 added to an existing one). Only 22 were sellers (18 trimmed + 4 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for NODK holders?

Strong quality — 24% AUM from major funds: 20 of 69 holders rank in the top 100 by AUM, accounting for 24% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held NODK?

59% of holders stayed for 2+ years: 41 out of 69 hedge funds have held NODK for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

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NI HLDGS INC (NODK)

Smart Money Signals — NODK

Buying streak — 2 quarters in a row

At the ownership peak (100% of max)

Steady growth — +19% more funds vs a year ago

More buyers than sellers — 61% buying

Steady new buyers — ~6 new funds per quarter

59% of holders stayed for 2+ years

Steady discovery — ~6 new funds/quarter

Deep conviction — 62% of holders stayed 2+ years

Strong quality — 24% AUM from major funds

Hedge Fund Ownership: NODK

Market Analysis: NODK

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: NODK

Hedge Fund Positioning: NODK

Statistics: NODK

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — NI HLDGS INC (NODK)

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