NFC Investments, LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), NFC Investments, LLC reported 35 stock positions worth $348.1 million. Its top holding was Apollo Global Management (APO) at 14.9% of the portfolio, followed by Mgic Investment (MTG, 14.0%) and Westrock Coffee (WEST, 7.6%). Compared with Q2 2024, it sold out of 1, added to 15 and reduced 10. The biggest buy was Progressive (PGR, shares +0%) and the biggest sale an exit from Liberty Broadband-C (LBRDK).
- Most Recent 13F
- Q2 2026
- Location
- MEMPHIS, TN
- CIK
- 0001512858
- Portfolio Value
- $348.1M (Q3 2024)
- SEC Filing
- 0001512858-24-000004 ↗ filed Nov 14, 2024
Holdings Value
Holdings 35 stocks · $348.1M
| APO Apollo Global Management Inc. | 14.87% | 414,328 | $51.8M | Reduce -0.4% |
| MTG Mgic Investment Corp. | 13.96% | 1,898,282 | $48.6M | Reduce -0.7% |
| WEST Westrock Coffee Co. | 7.55% | 4,044,207 | $26.3M | Add +17.0% |
| PGR Progressive Corp. | 6.40% | 87,818 | $22.3M | Add +0.1% |
| ESGR Enstar Group Ltd. | 6.09% | 65,974 | $21.2M | Reduce -10.0% |
| GOOG Alphabet Inc. Class C | 5.71% | 118,860 | $19.9M | Reduce 0.0% |
| AZO AutoZone Inc. | 5.62% | 6,213 | $19.6M | Add +0.1% |
| DAR Darling Ingredients Inc. | 5.11% | 479,004 | $17.8M | Add +0.8% |
| LEN.B Lennar Corp. Class B | 4.54% | 91,393 | $15.8M | Reduce -0.5% |
| STWD Starwood Property Trust Inc. | 3.72% | 635,948 | $13.0M | Add +0.8% |
| EG Everest Group Ltd. | 3.43% | 30,445 | $11.9M | Add +0.2% |
| AXP American Express Co. | 3.32% | 42,607 | $11.6M | Reduce -0.0% |
| TFIN Triumph Financial Inc. | 3.15% | 137,915 | $11.0M | Add +0.0% |
| STR Sitio Royalties Corp. Class A | 2.37% | 395,167 | $8.2M | Add +0.8% |
| FHN First Horizon Corp. | 2.22% | 497,075 | $7.7M | Add +0.1% |
| AIG American International Group | 2.17% | 103,138 | $7.6M | Add +0.1% |
| ORI Old Republic Intl Corp. | 1.96% | 192,965 | $6.8M | Reduce -0.4% |
| HIG Hartford Insurance Group Inc. | 1.18% | 35,000 | $4.1M | No change |
| KMI Kinder Morgan Inc. | 1.17% | 184,009 | $4.1M | Add +5.0% |
| RWT Redwood Trust Inc. | 1.08% | 484,975 | $3.7M | Add +127.7% |
| ESNT Essent Group Ltd. | 1.04% | 56,513 | $3.6M | Add +0.8% |
| TRAVELERS GROUP INC | 0.87% | 13,000 | $3.0M | No change |
| ARLP Alliance Resource Partners | 0.50% | 69,800 | $1.7M | Add +2.5% |
| NMIH Nmi Holdings Inc. filed as NMI HLDGS INC | 0.29% | 24,810 | $1.0M | No change |
| KO The Coca-Cola Co. | 0.27% | 13,064 | $939K | No change |
| ET Energy Transfer LP | 0.26% | 57,000 | $915K | Add +3.9% |
| KKR KKR & Co. Inc. | 0.19% | 5,140 | $671K | No change |
| MSFT Microsoft Corp. | 0.19% | 1,500 | $645K | Reduce -1.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.16% | 1,186 | $546K | No change |
| AAPL Apple Inc. | 0.14% | 2,100 | $489K | Reduce -33.4% |
| RF Regions Financial Corp. | 0.13% | 19,235 | $449K | No change |
| TIPT Tiptree Inc. | 0.12% | 21,946 | $429K | No change |
| HOMB Home Bancshares Inc. | 0.08% | 10,000 | $271K | No change |
| NVDA Nvidia Corp. | 0.07% | 2,014 | $245K | No change |
| PNFP Pinnacle Financial Partners | 0.06% | 2,200 | $216K | Reduce -12.0% |
Portfolio Sells Q2 2024 → Q3 2024
| LBRDK Liberty Broadband-C | Sold out | 0.00% | −4.08 |
| GOOG Alphabet Inc. Class C | Reduce 0.0% | 5.71% | −0.55 |
| ESGR Enstar Group Ltd. | Reduce -10.0% | 6.09% | −0.33 |
| AAPL Apple Inc. | Reduce -33.4% | 0.14% | −0.05 |
| MSFT Microsoft Corp. | Reduce -1.6% | 0.19% | −0.01 |
| PNFP Pinnacle Financial Partners | Reduce -12.0% | 0.06% | +0.00 |
| ORI Old Republic Intl Corp. | Reduce -0.4% | 1.96% | +0.25 |
| AXP American Express Co. | Reduce -0.0% | 3.32% | +0.49 |
| APO Apollo Global Management Inc. | Reduce -0.4% | 14.87% | +0.77 |
| LEN.B Lennar Corp. Class B | Reduce -0.5% | 4.54% | +0.86 |
| MTG Mgic Investment Corp. | Reduce -0.7% | 13.96% | +2.14 |
Portfolio Buys Q2 2024 → Q3 2024
| PGR Progressive Corp. | Add +0.1% | 6.40% | +1.18 |
| RWT Redwood Trust Inc. | Add +127.7% | 1.08% | +0.68 |
| AZO AutoZone Inc. | Add +0.1% | 5.62% | +0.34 |
| STWD Starwood Property Trust Inc. | Add +0.8% | 3.72% | +0.29 |
| KMI Kinder Morgan Inc. | Add +5.0% | 1.17% | +0.17 |
| ESNT Essent Group Ltd. | Add +0.8% | 1.04% | +0.14 |
| EG Everest Group Ltd. | Add +0.2% | 3.43% | +0.11 |
| DAR Darling Ingredients Inc. | Add +0.8% | 5.11% | +0.11 |
| ARLP Alliance Resource Partners | Add +2.5% | 0.50% | +0.02 |
| ET Energy Transfer LP | Add +3.9% | 0.26% | +0.01 |
| AIG American International Group | Add +0.1% | 2.17% | −0.02 |
| FHN First Horizon Corp. | Add +0.1% | 2.22% | −0.03 |
| TFIN Triumph Financial Inc. | Add +0.0% | 3.15% | −0.08 |
| STR Sitio Royalties Corp. Class A | Add +0.8% | 2.37% | −0.29 |
| WEST Westrock Coffee Co. | Add +17.0% | 7.55% | −2.59 |
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 |