NFC Investments, LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 13, 2026), NFC Investments, LLC reported 43 stock positions worth $393.2 million. Its top holding was Mgic Investment (MTG) at 11.1% of the portfolio, followed by Apollo Global Management (APO, 9.1%) and Alphabet Class C (GOOG, 8.1%). Compared with Q1 2026, it opened 2 new positions, added to 16 and reduced 14. The biggest buy was a new position in Ryan Specialty (RYAN) and the biggest sale Mgic Investment (MTG, shares −12%).
- Most Recent 13F
- Q2 2026
- Location
- MEMPHIS, TN
- CIK
- 0001512858
- Portfolio Value
- $393.2M (Q2 2026)
- SEC Filing
- 0001512858-26-000003 ↗ filed Aug 13, 2026
Holdings Value
Holdings 43 stocks · $393.2M
| MTG Mgic Investment Corp. | 11.14% | 1,552,750 | $43.8M | Reduce -12.1% |
| APO Apollo Global Management Inc. | 9.12% | 303,258 | $35.9M | Add +0.1% |
| GOOG Alphabet Inc. Class C | 8.07% | 89,814 | $31.7M | Reduce -1.0% |
| PGR Progressive Corp. | 7.21% | 129,806 | $28.4M | Add +0.1% |
| DAR Darling Ingredients Inc. | 6.17% | 444,295 | $24.3M | Reduce -1.2% |
| PLGO Pelagos Insurance Capital LT | 5.69% | 918,112 | $22.4M | Add +0.2% |
| AZO AutoZone Inc. | 4.80% | 5,906 | $18.9M | Add +5.0% |
| WEST Westrock Coffee Co. | 4.26% | 2,066,711 | $16.8M | Reduce -41.5% |
| TRGP Targa Resources Corp. | 4.03% | 59,147 | $15.9M | Reduce -11.1% |
| STWD Starwood Property Trust Inc. | 3.44% | 826,096 | $13.5M | Add +22.8% |
| TOL Toll Brothers Inc. | 3.34% | 79,764 | $13.1M | Add +0.8% |
| AXP American Express Co. | 3.27% | 38,050 | $12.9M | Reduce -0.2% |
| ET Energy Transfer LP | 2.99% | 614,758 | $11.8M | Add +28.7% |
| RYAN Ryan Specialty Holdings Inc. | 2.82% | 293,952 | $11.1M | New |
| UHAL.B U-Haul Holding Co.-Non Voting | 2.64% | 180,087 | $10.4M | Add +1.0% |
| EG Everest Group Ltd. | 2.64% | 29,066 | $10.4M | Reduce -0.2% |
| TFIN Triumph Financial Inc. | 2.47% | 127,238 | $9.7M | Reduce -0.2% |
| RRC Range Resources Corp. | 2.44% | 258,162 | $9.6M | Reduce -2.6% |
| COF Capital One Financial Corp. | 2.33% | 45,631 | $9.2M | Add +1.4% |
| KMI Kinder Morgan Inc. | 1.72% | 212,090 | $6.8M | Reduce -0.2% |
| ORI Old Republic Intl Corp. | 1.59% | 152,850 | $6.3M | Reduce -0.3% |
| VNOM Viper Energy Inc. Class A | 1.37% | 127,288 | $5.4M | Add +3.9% |
| HIG Hartford Insurance Group Inc. | 1.18% | 35,000 | $4.6M | No change |
| TRAVELERS GROUP INC | 1.09% | 13,000 | $4.3M | No change |
| ESNT Essent Group Ltd. | 0.75% | 45,615 | $2.9M | Reduce -7.2% |
| RWT Redwood Trust Inc. | 0.55% | 457,691 | $2.2M | Reduce -3.5% |
| ARLP Alliance Resource Partners | 0.46% | 75,700 | $1.8M | Add +15.2% |
| FHN First Horizon Corp. | 0.39% | 60,520 | $1.6M | No change |
| MRP Millrose Properties | 0.27% | 35,477 | $1.1M | Add +14.5% |
| KO The Coca-Cola Co. | 0.26% | 12,500 | $1.0M | No change |
| NMIH Nmi Holdings Inc. filed as NMI HLDGS INC | 0.17% | 16,620 | $683K | No change |
| RF Regions Financial Corp. | 0.15% | 19,235 | $581K | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.15% | 1,145 | $573K | Reduce -2.6% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.14% | 6,300 | $554K | Add +79.0% |
| BAC Bank of America Corp. | 0.12% | 8,347 | $476K | No change |
| MSFT Microsoft Corp. | 0.12% | 1,275 | $476K | Add +3.3% |
| KKR KKR & Co. Inc. | 0.12% | 5,000 | $459K | Add +5.3% |
| AAPL Apple Inc. | 0.11% | 1,440 | $417K | No change |
| FDX FedEx Corp. | 0.09% | 1,079 | $338K | Add +0.2% |
| GOOGL Alphabet Inc. Class A | 0.08% | 930 | $333K | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.08% | 450 | $331K | No change |
| PNFP Pinnacle Financial Partners | 0.08% | 3,014 | $304K | No change |
| ONEQ Fidelity Nasdaq Comp Indx | 0.06% | 2,330 | $241K | New |
Portfolio Sells Q1 2026 → Q2 2026
| MTG Mgic Investment Corp. | Reduce -12.1% | 11.14% | −1.77 |
| DAR Darling Ingredients Inc. | Reduce -1.2% | 6.17% | −1.57 |
| RRC Range Resources Corp. | Reduce -2.6% | 2.44% | −0.89 |
| TRGP Targa Resources Corp. | Reduce -11.1% | 4.03% | −0.61 |
| KMI Kinder Morgan Inc. | Reduce -0.2% | 1.72% | −0.26 |
| RWT Redwood Trust Inc. | Reduce -3.5% | 0.55% | −0.19 |
| ORI Old Republic Intl Corp. | Reduce -0.3% | 1.59% | −0.11 |
| ESNT Essent Group Ltd. | Reduce -7.2% | 0.75% | −0.05 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -2.6% | 0.15% | −0.01 |
| EG Everest Group Ltd. | Reduce -0.2% | 2.64% | −0.01 |
| AXP American Express Co. | Reduce -0.2% | 3.27% | +0.06 |
| WEST Westrock Coffee Co. | Reduce -41.5% | 4.26% | +0.09 |
| TFIN Triumph Financial Inc. | Reduce -0.2% | 2.47% | +0.35 |
| GOOG Alphabet Inc. Class C | Reduce -1.0% | 8.07% | +0.82 |
Portfolio Buys Q1 2026 → Q2 2026
| RYAN Ryan Specialty Holdings Inc. | New | 2.82% | +2.82 |
| PLGO Pelagos Insurance Capital LT | Add +0.2% | 5.69% | +0.81 |
| UHAL.B U-Haul Holding Co.-Non Voting | Add +1.0% | 2.64% | +0.42 |
| ET Energy Transfer LP | Add +28.7% | 2.99% | +0.42 |
| TOL Toll Brothers Inc. | Add +0.8% | 3.34% | +0.34 |
| STWD Starwood Property Trust Inc. | Add +22.8% | 3.44% | +0.22 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | Add +79.0% | 0.14% | +0.07 |
| ONEQ Fidelity Nasdaq Comp Indx | New | 0.06% | +0.06 |
| PGR Progressive Corp. | Add +0.1% | 7.21% | +0.06 |
| COF Capital One Financial Corp. | Add +1.4% | 2.33% | +0.04 |
| MRP Millrose Properties | Add +14.5% | 0.27% | +0.03 |
| KKR KKR & Co. Inc. | Add +5.3% | 0.12% | −0.01 |
| MSFT Microsoft Corp. | Add +3.3% | 0.12% | −0.01 |
| FDX FedEx Corp. | Add +0.2% | 0.09% | −0.02 |
| ARLP Alliance Resource Partners | Add +15.2% | 0.46% | −0.04 |
| VNOM Viper Energy Inc. Class A | Add +3.9% | 1.37% | −0.23 |
| APO Apollo Global Management Inc. | Add +0.1% | 9.12% | −0.28 |
| AZO AutoZone Inc. | Add +5.0% | 4.80% | −0.49 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 43 | $393.2M | MTG, APO, GOOG, PGR, DAR |
| Q1 2026 | 41 | $359.2M | MTG, APO, DAR, GOOG, PGR |
| Q4 2025 | 43 | $354.2M | MTG, APO, GOOG, AZO, PGR |
| Q3 2025 | 43 | $345.5M | MTG, APO, GOOG, AZO, PGR |
| Q2 2025 | 36 | $349.7M | MTG, APO, PGR, WEST, AZO |
| Q1 2025 | 36 | $336.4M | MTG, APO, WEST, PGR, AZO |
| Q4 2024 | 37 | $362.4M | APO, MTG, WEST, GOOG, ESGR |
| Q3 2024 | 35 | $348.1M | APO, MTG, WEST, PGR, ESGR |
| Q2 2024 | 36 | $348.6M | APO, MTG, WEST, ESGR, GOOG |
| Q1 2024 | 32 | $347.7M | APO, MTG, WEST, ESGR, DAR |