AQR discloses 5.19% MGIC Investment Corp (NYSE: MTG) stake

Rhea-AI Filing Summary

AQR Capital Management, LLC and its parent AQR Capital Management Holdings, LLC report a passive ownership stake in MGIC Investment Corp common stock. They beneficially own 11,616,282 shares, representing 5.19% of the outstanding common stock as of December 31, 2025.

The AQR entities have shared voting and shared dispositive power over all reported shares, with no sole voting or dispositive power. They state the position was acquired and is held in the ordinary course of business and not for the purpose of changing or influencing control of MGIC Investment Corp.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

MGIC INVESTMENT CORP

(Name of Issuer)

Common stock

(Title of Class of Securities)

552848103

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 552848103

1

Names of Reporting Persons

AQR Capital Management, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 11,616,282.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 11,616,282.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

11,616,282.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.19 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. 552848103

1

Names of Reporting Persons

AQR Capital Management Holdings, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 11,616,282.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 11,616,282.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

11,616,282.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.19 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: MGIC INVESTMENT CORP
(b)	Address of issuer's principal executive offices: 250 EAST KILBOURN AVENUE, MILWAUKEE, WISCONSIN 53202
Item 2.
(a)	Name of person filing: AQR Capital Management, LLC AQR Capital Management Holdings, LLC
(b)	Address or principal business office or, if none, residence: ONE GREENWICH PLAZA SUITE 130 Greenwich, Connecticut 06830
(c)	Citizenship: AQR Capital Management, LLC - UNITED STATES AQR Capital Management Holdings, LLC - UNITED STATES
(d)	Title of class of securities: Common stock
(e)	CUSIP No.: 552848103
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 11,616,282
(b)	Percent of class: 5.19 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: AQR Capital Management, LLC - 0 AQR Capital Management Holdings, LLC - 0
	(ii) Shared power to vote or to direct the vote: AQR Capital Management, LLC - 11,616,282 AQR Capital Management Holdings, LLC - 11,616,282
	(iii) Sole power to dispose or to direct the disposition of: AQR Capital Management, LLC - 0 AQR Capital Management Holdings, LLC - 0
	(iv) Shared power to dispose or to direct the disposition of: AQR Capital Management, LLC - 11,616,282 AQR Capital Management Holdings, LLC - 11,616,282
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Item 2(a) above.
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

AQR Capital Management, LLC

Signature:	Henry Parkin
Name/Title:	Authorized Signatory
Date:	02/13/2026

AQR Capital Management Holdings, LLC

Signature:	Henry Parkin
Name/Title:	Authorized Signatory
Date:	02/13/2026

Exhibit Information

AQR Capital Management Holdings, LLC and AQR Capital Management, LLC hereby agree that this Schedule 13G is filed on behalf of each of the parties. AQR Capital Management, LLC is a wholly owned subsidiary of AQR Capital Management Holdings, LLC.

FAQ

What stake does AQR hold in MGIC Investment Corp (MTG)?

AQR Capital Management entities report owning 11,616,282 MGIC Investment Corp common shares, representing 5.19% of the class as of December 31, 2025. This makes AQR a significant institutional shareholder with a disclosed passive position in the company.

Who are the reporting persons in the MGIC Investment Corp (MTG) Schedule 13G?

The reporting persons are AQR Capital Management, LLC and AQR Capital Management Holdings, LLC. AQR Capital Management, LLC is a wholly owned subsidiary of AQR Capital Management Holdings, LLC, and both are organized in the United States with their principal office in Greenwich, Connecticut.

What voting and dispositive power does AQR have over MGIC (MTG) shares?

AQR reports shared voting power and shared dispositive power over 11,616,282 MGIC Investment Corp shares, with no sole voting or sole dispositive power. This means decisions to vote or sell these shares are made jointly under shared authority rather than by either entity alone.

Is AQR’s MGIC (MTG) position intended to influence control of the company?

AQR certifies the MGIC Investment Corp shares were acquired and are held in the ordinary course of business, not to change or influence control of the issuer. They also state the holdings are not part of any transaction aimed at affecting control, aside from certain nomination-related activities.

When was AQR’s 5.19% MGIC (MTG) ownership measured?

The 5.19% ownership of MGIC Investment Corp common stock is reported as of December 31, 2025, which is the date of the event requiring the Schedule 13G filing. The certification and signatures from AQR’s authorized signatory are dated February 13, 2026.

How are AQR Capital Management, LLC and its holding company related in this MGIC (MTG) filing?

AQR Capital Management, LLC is described as a wholly owned subsidiary of AQR Capital Management Holdings, LLC. Both entities jointly file the Schedule 13G and agree the statement is made on behalf of each, reflecting shared beneficial ownership of the same MGIC Investment Corp shares.