NFC Investments, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 10, 2024), NFC Investments, LLC reported 32 stock positions worth $347.7 million. Its top holding was Apollo Global Management (APO) at 13.5% of the portfolio, followed by Mgic Investment (MTG, 12.3%) and Westrock Coffee (WEST, 10.2%). Compared with Q4 2023, it opened 1 new position, added to 4 and reduced 19. The biggest buy was American Express (AXP, shares +0%) and the biggest sale Enstar (ESGR, shares −14%).
- Most Recent 13F
- Q2 2026
- Location
- MEMPHIS, TN
- CIK
- 0001512858
- Portfolio Value
- $347.7M (Q1 2024)
- SEC Filing
- 0001512858-24-000002 ↗ filed May 10, 2024
Holdings Value
Holdings 32 stocks · $347.7M
| APO Apollo Global Management Inc. | 13.46% | 416,261 | $46.8M | Reduce -0.7% |
| MTG Mgic Investment Corp. | 12.29% | 1,911,149 | $42.7M | Reduce -0.8% |
| WEST Westrock Coffee Co. | 10.25% | 3,449,347 | $35.6M | Reduce -0.6% |
| ESGR Enstar Group Ltd. | 6.72% | 75,233 | $23.4M | Reduce -13.9% |
| DAR Darling Ingredients Inc. | 6.23% | 465,868 | $21.7M | Add +3.3% |
| AZO AutoZone Inc. | 5.63% | 6,209 | $19.6M | Reduce -0.7% |
| GOOG Alphabet Inc. Class C | 5.21% | 119,065 | $18.1M | Reduce -1.2% |
| PGR Progressive Corp. | 5.21% | 87,648 | $18.1M | Reduce -0.4% |
| LEN.B Lennar Corp. Class B | 4.11% | 92,663 | $14.3M | Reduce -0.4% |
| STWD Starwood Property Trust Inc. | 3.61% | 618,054 | $12.6M | Reduce -1.9% |
| EG Everest Group Ltd. | 3.47% | 30,340 | $12.1M | Reduce -0.7% |
| TFIN Triumph Financial Inc. | 3.13% | 137,230 | $10.9M | Reduce -0.8% |
| STR Sitio Royalties Corp. Class A | 2.79% | 392,766 | $9.7M | Reduce -1.1% |
| AXP American Express Co. | 2.79% | 42,617 | $9.7M | Add +0.1% |
| AIG American International Group | 2.30% | 102,538 | $8.0M | Add +0.1% |
| FHN First Horizon Corp. | 2.19% | 494,300 | $7.6M | Reduce -1.1% |
| CMCSA Comcast Corp. Class A | 2.18% | 174,830 | $7.6M | Reduce -0.6% |
| LBRDK Liberty Broadband-C | 2.07% | 125,687 | $7.2M | Reduce -1.9% |
| ORI Old Republic Intl Corp. | 1.71% | 193,965 | $6.0M | Reduce -0.6% |
| HIG Hartford Insurance Group Inc. | 1.04% | 35,000 | $3.6M | No change |
| ESNT Essent Group Ltd. | 0.96% | 56,063 | $3.3M | Reduce -0.6% |
| TRAVELERS GROUP INC | 0.86% | 13,000 | $3.0M | No change |
| ARLP Alliance Resource Partners | 0.39% | 68,100 | $1.4M | Add +28.5% |
| KO The Coca-Cola Co. | 0.23% | 13,164 | $805K | No change |
| NMIH Nmi Holdings Inc. filed as NMI HLDGS INC | 0.23% | 24,810 | $802K | Reduce -3.3% |
| MSFT Microsoft Corp. | 0.18% | 1,525 | $642K | No change |
| AAPL Apple Inc. | 0.16% | 3,151 | $540K | No change |
| KKR KKR & Co. Inc. | 0.15% | 5,140 | $517K | New |
| BRK.B Berkshire Hathaway Inc. Class B | 0.14% | 1,186 | $498K | No change |
| RF Regions Financial Corp. | 0.12% | 19,235 | $405K | No change |
| TIPT Tiptree Inc. | 0.11% | 21,946 | $379K | No change |
| HOMB Home Bancshares Inc. | 0.07% | 10,000 | $246K | Reduce -1.1% |
Portfolio Sells Q4 2023 → Q1 2024
| ESGR Enstar Group Ltd. | Reduce -13.9% | 6.72% | −1.23 |
| LBRDK Liberty Broadband-C | Reduce -1.9% | 2.07% | −1.12 |
| WEST Westrock Coffee Co. | Reduce -0.6% | 10.25% | −0.71 |
| STWD Starwood Property Trust Inc. | Reduce -1.9% | 3.61% | −0.48 |
| TFIN Triumph Financial Inc. | Reduce -0.8% | 3.13% | −0.30 |
| CMCSA Comcast Corp. Class A | Reduce -0.6% | 2.18% | −0.21 |
| STR Sitio Royalties Corp. Class A | Reduce -1.1% | 2.79% | −0.10 |
| ORI Old Republic Intl Corp. | Reduce -0.6% | 1.71% | −0.06 |
| GOOG Alphabet Inc. Class C | Reduce -1.2% | 5.21% | −0.04 |
| HOMB Home Bancshares Inc. | Reduce -1.1% | 0.07% | −0.01 |
| NMIH Nmi Holdings Inc. | Reduce -3.3% | 0.23% | −0.01 |
| FHN First Horizon Corp. | Reduce -1.1% | 2.19% | −0.00 |
| ESNT Essent Group Ltd. | Reduce -0.6% | 0.96% | +0.04 |
| EG Everest Group Ltd. | Reduce -0.7% | 3.47% | +0.13 |
| LEN.B Lennar Corp. Class B | Reduce -0.4% | 4.11% | +0.25 |
| AZO AutoZone Inc. | Reduce -0.7% | 5.63% | +0.63 |
| MTG Mgic Investment Corp. | Reduce -0.8% | 12.29% | +0.79 |
| PGR Progressive Corp. | Reduce -0.4% | 5.21% | +0.88 |
| APO Apollo Global Management Inc. | Reduce -0.7% | 13.46% | +1.37 |
Portfolio Buys Q4 2023 → Q1 2024
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 |