NFC Investments, LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 12, 2024), NFC Investments, LLC reported 36 stock positions worth $348.6 million. Its top holding was Apollo Global Management (APO) at 14.1% of the portfolio, followed by Mgic Investment (MTG, 11.8%) and Westrock Coffee (WEST, 10.1%). Compared with Q1 2024, it opened 5 new positions, sold out of 1, added to 10 and reduced 8. The biggest buy was Liberty Broadband-C (LBRDK, shares +107%) and the biggest sale an exit from Comcast Class A (CMCSA).
- Most Recent 13F
- Q2 2026
- Location
- MEMPHIS, TN
- CIK
- 0001512858
- Portfolio Value
- $348.6M (Q2 2024)
- SEC Filing
- 0001512858-24-000003 ↗ filed Aug 12, 2024
Holdings Value
Holdings 36 stocks · $348.6M
| APO Apollo Global Management Inc. | 14.09% | 416,112 | $49.1M | Reduce -0.0% |
| MTG Mgic Investment Corp. | 11.81% | 1,911,282 | $41.2M | Add +0.0% |
| WEST Westrock Coffee Co. | 10.14% | 3,456,047 | $35.4M | Add +0.2% |
| ESGR Enstar Group Ltd. | 6.43% | 73,319 | $22.4M | Reduce -2.5% |
| GOOG Alphabet Inc. Class C | 6.25% | 118,865 | $21.8M | Reduce -0.2% |
| AZO AutoZone Inc. | 5.28% | 6,209 | $18.4M | No change |
| PGR Progressive Corp. | 5.23% | 87,698 | $18.2M | Add +0.1% |
| DAR Darling Ingredients Inc. | 5.01% | 475,021 | $17.5M | Add +2.0% |
| LBRDK Liberty Broadband-C | 4.08% | 259,628 | $14.2M | Add +106.6% |
| LEN.B Lennar Corp. Class B | 3.68% | 91,893 | $12.8M | Reduce -0.8% |
| STWD Starwood Property Trust Inc. | 3.43% | 631,193 | $12.0M | Add +2.1% |
| EG Everest Group Ltd. | 3.32% | 30,390 | $11.6M | Add +0.2% |
| TFIN Triumph Financial Inc. | 3.23% | 137,880 | $11.3M | Add +0.5% |
| AXP American Express Co. | 2.83% | 42,617 | $9.9M | No change |
| STR Sitio Royalties Corp. Class A | 2.65% | 391,989 | $9.3M | Reduce -0.2% |
| FHN First Horizon Corp. | 2.25% | 496,600 | $7.8M | Add +0.5% |
| AIG American International Group | 2.19% | 103,038 | $7.7M | Add +0.5% |
| ORI Old Republic Intl Corp. | 1.72% | 193,765 | $6.0M | Reduce -0.1% |
| HIG Hartford Insurance Group Inc. | 1.01% | 35,000 | $3.5M | No change |
| KMI Kinder Morgan Inc. | 1.00% | 175,309 | $3.5M | New |
| ESNT Essent Group Ltd. | 0.90% | 56,043 | $3.1M | Reduce -0.0% |
| TRAVELERS GROUP INC | 0.76% | 13,000 | $2.6M | No change |
| ARLP Alliance Resource Partners | 0.48% | 68,100 | $1.7M | No change |
| RWT Redwood Trust Inc. | 0.40% | 213,000 | $1.4M | New |
| ET Energy Transfer LP | 0.26% | 54,870 | $890K | New |
| NMIH Nmi Holdings Inc. filed as NMI HLDGS INC | 0.24% | 24,810 | $844K | No change |
| KO The Coca-Cola Co. | 0.24% | 13,064 | $831K | Reduce -0.8% |
| MSFT Microsoft Corp. | 0.20% | 1,525 | $682K | No change |
| AAPL Apple Inc. | 0.19% | 3,151 | $664K | No change |
| KKR KKR & Co. Inc. | 0.16% | 5,140 | $541K | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.14% | 1,186 | $482K | No change |
| RF Regions Financial Corp. | 0.11% | 19,235 | $385K | No change |
| TIPT Tiptree Inc. | 0.10% | 21,946 | $362K | No change |
| NVDA Nvidia Corp. | 0.07% | 2,014 | $249K | New |
| HOMB Home Bancshares Inc. | 0.07% | 10,000 | $240K | No change |
| PNFP Pinnacle Financial Partners | 0.06% | 2,500 | $200K | New |
Portfolio Sells Q1 2024 → Q2 2024
| CMCSA Comcast Corp. Class A | Sold out | 0.00% | −2.18 |
| LEN.B Lennar Corp. Class B | Reduce -0.8% | 3.68% | −0.43 |
| ESGR Enstar Group Ltd. | Reduce -2.5% | 6.43% | −0.29 |
| STR Sitio Royalties Corp. Class A | Reduce -0.2% | 2.65% | −0.14 |
| ESNT Essent Group Ltd. | Reduce -0.0% | 0.90% | −0.06 |
| ORI Old Republic Intl Corp. | Reduce -0.1% | 1.72% | +0.00 |
| KO The Coca-Cola Co. | Reduce -0.8% | 0.24% | +0.01 |
| APO Apollo Global Management Inc. | Reduce -0.0% | 14.09% | +0.63 |
| GOOG Alphabet Inc. Class C | Reduce -0.2% | 6.25% | +1.04 |
Portfolio Buys Q1 2024 → Q2 2024
| LBRDK Liberty Broadband-C | Add +106.6% | 4.08% | +2.01 |
| KMI Kinder Morgan Inc. | New | 1.00% | +1.00 |
| RWT Redwood Trust Inc. | New | 0.40% | +0.40 |
| ET Energy Transfer LP | New | 0.26% | +0.26 |
| TFIN Triumph Financial Inc. | Add +0.5% | 3.23% | +0.10 |
| NVDA Nvidia Corp. | New | 0.07% | +0.07 |
| PNFP Pinnacle Financial Partners | New | 0.06% | +0.06 |
| FHN First Horizon Corp. | Add +0.5% | 2.25% | +0.06 |
| PGR Progressive Corp. | Add +0.1% | 5.23% | +0.01 |
| WEST Westrock Coffee Co. | Add +0.2% | 10.14% | −0.11 |
| AIG American International Group | Add +0.5% | 2.19% | −0.11 |
| EG Everest Group Ltd. | Add +0.2% | 3.32% | −0.15 |
| STWD Starwood Property Trust Inc. | Add +2.1% | 3.43% | −0.18 |
| MTG Mgic Investment Corp. | Add +0.0% | 11.81% | −0.47 |
| DAR Darling Ingredients Inc. | Add +2.0% | 5.01% | −1.22 |
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 |