Institutional HoldersBeta

Who holds a company, from every 13F filed for the quarter, one row per filer exactly as filed, against the latest share count the company reported.

NI Holdings, Inc.

CIK 0001681206NODK· quarter ending 2026-06-30

Shares outstanding

20,404,723

as of 2026-07-31 · 10-Q cover page, filed 2026-08-07

Held by 13F filers

5,225,800

25.6% of shares outstanding

Holders

+4 vs 2026-03-31 · 10 new, 6 exited

Value

$82.1M

shares +3.3% vs prior quarter

Share classes (cover page of the 10-Q filed 2026-08-07, as of 2026-07-31)

Class	Listed	Shares outstanding	Held by 13F filers	% of class	Holders	CUSIP
Common stock	NODK · NASDAQ	20,404,723	5,225,800	25.6%	78	65342T106

Each class is compared with its own share count; classes are not added together. A class that is not exchange-listed cannot be held by 13F filers.

Securities (CUSIPs held in 13F this quarter)

tick to combine

Count	CUSIP	Class (as filers write it)	Holders	Shares held	Class shares	% of class	Value	Options	Mapped via
	65342T106	COM	78	5,225,800	20,404,723	25.6%	$82.1M	—	13DG	holders →

Totals combine the ticked CUSIPs and update as you tick: common-stock classes by default; preferreds, notes, warrants and depositary shares are listed but not counted. "holders →" shows a single CUSIP on its own. Bonds are held as a principal amount, not shares. Options positions are never counted as holdings.

Top holders (78 of 78 · 65342T106)

change vs 2026-03-31

#	Filer	Shares	% of class	Value	Change
1	M3F, Inc.	1,552,020	7.61%	$24.4M	-100,000 (-6.1%)
2	Newtyn Management, LLC	670,000	3.28%	$10.5M	—
3	BlackRock, Inc.	545,925	2.68%	$8.6M	+17,123 (+3.2%)
4	DIMENSIONAL FUND ADVISORS LP	360,722	1.77%	$5.7M	+19,606 (+5.7%)
5	VANGUARD CAPITAL MANAGEMENT LLC	288,170	1.41%	$4.5M	-6,628 (-2.2%)
6	Arbiter Partners Capital Management LLC	187,776	0.92%	$2.9M	+136,384 (+265.4%)
7	GEODE CAPITAL MANAGEMENT, LLC	181,574	0.89%	$2.9M	+27,871 (+18.1%)
8	MORGAN STANLEY	181,564	0.89%	$2.9M	+143,168 (+372.9%)
9	STATE STREET CORP	134,886	0.66%	$2.1M	-3,869 (-2.8%)
10	Minerva Advisors LLC	129,900	0.64%	$2.0M	—
11	TCW GROUP INC	126,899	0.62%	$2.0M	-83,222 (-39.6%)
12	Orchard Capital Management, LLC	120,742	0.59%	$1.9M	+1,113 (+0.9%)
13	RENAISSANCE TECHNOLOGIES LLC	92,991	0.46%	$1.5M	+3,800 (+4.3%)
14	Universal- Beteiligungs- und Servicegesellschaft mbH	70,546	0.35%	$1.1M	+1,113 (+1.6%)
15	BRIDGEWAY CAPITAL MANAGEMENT, LLC	66,474	0.33%	$1.0M	-14,500 (-17.9%)
16	NORTHERN TRUST CORP	54,193	0.27%	$851K	-8,426 (-13.5%)
17	VANGUARD FIDUCIARY TRUST CO	50,770	0.25%	$798K	+3,721 (+7.9%)
18	CALDWELL SUTTER CAPITAL, INC.	44,469	0.22%	$699K	—
19	VANGUARD PORTFOLIO MANAGEMENT LLC	44,468	0.22%	$699K	+5,127 (+13.0%)
20	BOOTHBAY FUND MANAGEMENT, LLC	42,200	0.21%	$663K	+11,200 (+36.1%)
21	Empowered Funds, LLC	30,974	0.15%	$487K	—
22	GOLDMAN SACHS GROUP INC	26,484	0.13%	$416K	-8,898 (-25.1%)
23	CHARLES SCHWAB INVESTMENT MANAGEMENT INC	25,329	0.12%	$398K	+4 (+0.0%)
24	AQR CAPITAL MANAGEMENT LLC	23,672	0.12%	$372K	+7,652 (+47.8%)
25	Asset Allocation & Management Company, LLC	19,089	0.09%	$300K	-2,500 (-11.6%)
26	Nuveen, LLC	18,573	0.09%	$292K	—
27	CITADEL ADVISORS LLC	18,159	0.09%	$285K	NEW
28	Bank of New York Mellon Corp	17,164	0.08%	$270K	+1,152 (+7.2%)
29	AE Wealth Management LLC	14,909	0.07%	$234K	+1,372 (+10.1%)
30	Creative Planning	14,197	0.07%	$223K	-45 (-0.3%)
31	Russell Investments Group, Ltd.	13,558	0.07%	$213K	+5,064 (+59.6%)
32	RHUMBLINE ADVISERS	9,350	0.05%	$147K	+462 (+5.2%)
33	DEUTSCHE BANK AG\	6,603	0.03%	$104K	NEW
34	WELLS FARGO & COMPANY/MN	5,727	0.03%	$90K	+3,139 (+121.3%)
35	Vanguard Global Advisers, LLC	4,220	0.02%	$66K	—
36	JPMORGAN CHASE & CO	4,055	0.02%	$64K	+1,206 (+42.3%)
37	CITIGROUP INC	3,117	0.02%	$49K	+2,799 (+880.2%)
38	MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.	3,113	0.02%	$49K	-274 (-8.1%)
39	US BANCORP \DE\	3,000	0.01%	$47K	—
40	BARCLAYS PLC	2,732	0.01%	$43K	-73 (-2.6%)
41	Police & Firemen's Retirement System of New Jersey	1,911	0.01%	$30K	—
42	BNP PARIBAS FINANCIAL MARKETS	1,817	0.01%	$29K	-437 (-19.4%)
43	OSAIC HOLDINGS, INC.	1,727	0.01%	$27K	+1,707 (+8535.0%)
44	ROYAL BANK OF CANADA	1,613	0.01%	$26K	+1,109 (+220.0%)
45	NISA INVESTMENT ADVISORS, LLC	1,019	0.00%	$16K	+1,001 (+5561.1%)
46	UBS Group AG	992	0.00%	$16K	-426 (-30.0%)
47	FMR LLC	990	0.00%	$16K	+181 (+22.4%)
48	Ameritas Investment Partners, Inc.	903	0.00%	$14K	—
49	THOMPSON INVESTMENT MANAGEMENT, INC.	785	0.00%	$12K	—
50	Tower Research Capital LLC (TRC)	757	0.00%	$12K	-750 (-49.8%)
51	Legal & General Group Plc	684	0.00%	$11K	—
52	Arax Advisory Partners	661	0.00%	$10K	+648 (+4984.6%)
53	UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	252	0.00%	$4K	—
54	NewEdge Advisors, LLC	250	0.00%	$4K	—
55	MassMutual Private Wealth & Trust, FSB	228	0.00%	$4K	—
56	Sterling Capital Management LLC	128	0.00%	$2K	-99 (-43.6%)
57	PNC Financial Services Group, Inc.	112	0.00%	$2K	-126 (-52.9%)
58	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	93	0.00%	$1K	-277 (-74.9%)
59	Cornerstone Planning Group LLC	85	0.00%	$1K	—
60	Essential Partners LLC	76	0.00%	$1K	+3 (+4.1%)
61	Allworth Financial LP	47	0.00%	$739	+23 (+95.8%)
62	Avion Wealth	40	0.00%	$0	—
63	Physician Wealth Advisors, Inc.	40	0.00%	$629	NEW
64	Rialto Wealth Management, LLC	39	0.00%	$613	NEW
65	EverSource Wealth Advisors, LLC	38	0.00%	$598	+4 (+11.8%)
66	Bare Financial Services, Inc	36	0.00%	$566	NEW
67	Bogart Wealth, LLC	36	0.00%	$566	NEW
68	JONES FINANCIAL COMPANIES LLLP	25	0.00%	$408	NEW
69	GAMMA Investing LLC	21	0.00%	$330	-11 (-34.4%)
70	IFP Advisors, Inc	19	0.00%	$298	-4 (-17.4%)
71	NEW YORK STATE COMMON RETIREMENT FUND	19	0.00%	$298	—
72	ROTHSCHILD INVESTMENT LLC	14	0.00%	$220	+11 (+366.7%)
73	True Wealth Design, LLC	8	0.00%	$126	+3 (+60.0%)
74	Optiver Holding B.V.	6	0.00%	$94	-72 (-92.3%)
75	Farther Finance Advisors, LLC	6	0.00%	$95	NEW
76	Basecamp Wealth Advisors LLC	5	0.00%	$79	+3 (+150.0%)
77	Clearstead Advisors, LLC	2	0.00%	$32	NEW
78	Wealth Enhancement Trust Services, Inc.	2	0.00%	$31	NEW

Exited since 2026-03-31 (6 filers; largest 6 shown)

Philadelphia Financial Management of San Francisco, LLC	−14,758
JANE STREET GROUP, LLC	−10,234
CWM, LLC	−1,023
Covestor Ltd	−7
MAI Capital Management	−5
Root Financial Partners, LLC	−2

Large holders from 13D/13G (latest per reporting person, last 2 years)

Filed when a holder crosses 5% or changes materially, so often more current than the quarter-end 13F. Percentages are the filer's own, against the share count they used.

Reporting person	Form	Filed	Event	Shares	% of class
Jason A. Stock	SCHEDULE 13G/A	2026-04-23	2026-03-31	1,652,020	8.04%
M3F, Inc.	SCHEDULE 13G/A	2026-04-23	2026-03-31	1,652,020	8.04%
M3 Funds, LLC	SCHEDULE 13G/A	2026-04-23	2026-03-31	1,652,020	8.04%
M3 Partners, LP	SCHEDULE 13G/A	2026-04-23	2026-03-31	1,652,020	8.04%
William C. Waller	SCHEDULE 13G/A	2026-04-23	2026-03-31	1,652,020	8.04%

Source: SEC Form 13F-HR information tables for the quarter ending 2026-06-30 (filed within 45 days of quarter end; amendments applied; values normalised to dollars), the share count from the company's latest 10-K/10-Q XBRL cover page, and Schedule 13D/13G filings. Each row is a legal 13F filer as filed — related entities (e.g. Vanguard's advisers) are not merged. Retail brokerage accounts are not reported on 13F, so the remainder is mostly retail and insiders.