NFC Investments, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 10, 2025), NFC Investments, LLC reported 37 stock positions worth $362.4 million. Its top holding was Apollo Global Management (APO) at 14.1% of the portfolio, followed by Mgic Investment (MTG, 12.4%) and Westrock Coffee (WEST, 7.2%). Compared with Q3 2024, it opened 3 new positions, sold out of 1, added to 8 and reduced 13. The biggest buy was a new position in Range Resources (RRC) and the biggest sale Mgic Investment (MTG, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- MEMPHIS, TN
- CIK
- 0001512858
- Portfolio Value
- $362.4M (Q4 2024)
- SEC Filing
- 0001512858-25-000001 ↗ filed Feb 10, 2025
Holdings Value
Holdings 37 stocks · $362.4M
| APO Apollo Global Management Inc. | 14.06% | 308,403 | $50.9M | Reduce -25.6% |
| MTG Mgic Investment Corp. | 12.40% | 1,895,198 | $44.9M | Reduce -0.2% |
| WEST Westrock Coffee Co. | 7.17% | 4,047,562 | $26.0M | Add +0.1% |
| GOOG Alphabet Inc. Class C | 6.20% | 117,881 | $22.4M | Reduce -0.8% |
| ESGR Enstar Group Ltd. | 5.82% | 65,514 | $21.1M | Reduce -0.7% |
| PGR Progressive Corp. | 5.80% | 87,733 | $21.0M | Reduce -0.1% |
| AZO AutoZone Inc. | 5.48% | 6,203 | $19.9M | Reduce -0.2% |
| DAR Darling Ingredients Inc. | 4.43% | 476,026 | $16.0M | Reduce -0.6% |
| LEN.B Lennar Corp. Class B | 4.40% | 120,770 | $16.0M | Add +32.1% |
| AXP American Express Co. | 3.47% | 42,325 | $12.6M | Reduce -0.7% |
| TFIN Triumph Financial Inc. | 3.40% | 135,405 | $12.3M | Reduce -1.8% |
| STWD Starwood Property Trust Inc. | 3.34% | 638,310 | $12.1M | Add +0.4% |
| EG Everest Group Ltd. | 3.04% | 30,410 | $11.0M | Reduce -0.1% |
| FHN First Horizon Corp. | 2.76% | 496,175 | $10.0M | Reduce -0.2% |
| STR Sitio Royalties Corp. Class A | 2.09% | 395,564 | $7.6M | Add +0.1% |
| AIG American International Group | 2.07% | 103,138 | $7.5M | No change |
| ORI Old Republic Intl Corp. | 1.93% | 193,200 | $7.0M | Add +0.1% |
| ET Energy Transfer LP | 1.67% | 309,000 | $6.1M | Add +442.1% |
| RRC Range Resources Corp. | 1.48% | 149,507 | $5.4M | New |
| KMI Kinder Morgan Inc. | 1.38% | 182,559 | $5.0M | Reduce -0.8% |
| HIG Hartford Insurance Group Inc. | 1.06% | 35,000 | $3.8M | No change |
| EQH Equitable Holdings Inc. | 0.98% | 75,000 | $3.5M | New |
| PLGO Pelagos Insurance Capital LT filed as FIDELIS INSURANCE HOLDINGS L | 0.91% | 182,500 | $3.3M | New |
| RWT Redwood Trust Inc. | 0.89% | 494,525 | $3.2M | Add +2.0% |
| TRAVELERS GROUP INC | 0.86% | 13,000 | $3.1M | No change |
| ESNT Essent Group Ltd. | 0.85% | 56,688 | $3.1M | Add +0.3% |
| ARLP Alliance Resource Partners | 0.51% | 69,800 | $1.8M | No change |
| NMIH Nmi Holdings Inc. filed as NMI HLDGS INC | 0.25% | 24,210 | $890K | Reduce -2.4% |
| KO The Coca-Cola Co. | 0.22% | 13,064 | $813K | No change |
| KKR KKR & Co. Inc. | 0.21% | 5,140 | $760K | No change |
| MSFT Microsoft Corp. | 0.17% | 1,500 | $632K | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.15% | 1,186 | $538K | No change |
| AAPL Apple Inc. | 0.15% | 2,100 | $526K | No change |
| TIPT Tiptree Inc. | 0.13% | 21,946 | $458K | No change |
| RF Regions Financial Corp. | 0.12% | 19,235 | $452K | No change |
| HOMB Home Bancshares Inc. | 0.08% | 10,000 | $283K | No change |
| NVDA Nvidia Corp. | 0.07% | 2,014 | $270K | No change |
Portfolio Sells Q3 2024 → Q4 2024
| MTG Mgic Investment Corp. | Reduce -0.2% | 12.40% | −1.56 |
| APO Apollo Global Management Inc. | Reduce -25.6% | 14.06% | −0.81 |
| DAR Darling Ingredients Inc. | Reduce -0.6% | 4.43% | −0.69 |
| PGR Progressive Corp. | Reduce -0.1% | 5.80% | −0.60 |
| EG Everest Group Ltd. | Reduce -0.1% | 3.04% | −0.39 |
| ESGR Enstar Group Ltd. | Reduce -0.7% | 5.82% | −0.27 |
| AZO AutoZone Inc. | Reduce -0.2% | 5.48% | −0.14 |
| PNFP Pinnacle Financial Partners | Sold out | 0.00% | −0.06 |
| NMIH Nmi Holdings Inc. | Reduce -2.4% | 0.25% | −0.05 |
| AXP American Express Co. | Reduce -0.7% | 3.47% | +0.15 |
| KMI Kinder Morgan Inc. | Reduce -0.8% | 1.38% | +0.21 |
| TFIN Triumph Financial Inc. | Reduce -1.8% | 3.40% | +0.24 |
| GOOG Alphabet Inc. Class C | Reduce -0.8% | 6.20% | +0.49 |
| FHN First Horizon Corp. | Reduce -0.2% | 2.76% | +0.54 |
Portfolio Buys Q3 2024 → Q4 2024
| RRC Range Resources Corp. | New | 1.48% | +1.48 |
| ET Energy Transfer LP | Add +442.1% | 1.67% | +1.41 |
| EQH Equitable Holdings Inc. | New | 0.98% | +0.98 |
| PLGO Pelagos Insurance Capital LT | New | 0.91% | +0.91 |
| ORI Old Republic Intl Corp. | Add +0.1% | 1.93% | −0.03 |
| LEN.B Lennar Corp. Class B | Add +32.1% | 4.40% | −0.14 |
| RWT Redwood Trust Inc. | Add +2.0% | 0.89% | −0.19 |
| ESNT Essent Group Ltd. | Add +0.3% | 0.85% | −0.19 |
| STR Sitio Royalties Corp. Class A | Add +0.1% | 2.09% | −0.27 |
| WEST Westrock Coffee Co. | Add +0.1% | 7.17% | −0.38 |
| STWD Starwood Property Trust Inc. | Add +0.4% | 3.34% | −0.38 |
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 |