NFC Investments, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 12, 2025), NFC Investments, LLC reported 36 stock positions worth $349.7 million. Its top holding was Mgic Investment (MTG) at 14.9% of the portfolio, followed by Apollo Global Management (APO, 12.5%) and Progressive (PGR, 6.6%). Compared with Q1 2025, it added to 24 and reduced 4. The biggest buy was Mgic Investment (MTG, shares +1%) and the biggest sale Westrock Coffee (WEST, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- MEMPHIS, TN
- CIK
- 0001512858
- Portfolio Value
- $349.7M (Q2 2025)
- SEC Filing
- 0001512858-25-000003 ↗ filed Aug 12, 2025
Holdings Value
Holdings 36 stocks · $349.7M
| MTG Mgic Investment Corp. | 14.93% | 1,875,864 | $52.2M | Add +1.0% |
| APO Apollo Global Management Inc. | 12.50% | 308,147 | $43.7M | Add +3.5% |
| PGR Progressive Corp. | 6.60% | 86,518 | $23.1M | Add +2.3% |
| WEST Westrock Coffee Co. | 6.57% | 4,007,981 | $23.0M | Reduce -1.0% |
| AZO AutoZone Inc. | 6.47% | 6,091 | $22.6M | Add +2.4% |
| GOOG Alphabet Inc. Class C | 6.03% | 118,796 | $21.1M | Add +4.5% |
| DAR Darling Ingredients Inc. | 5.19% | 477,963 | $18.1M | Add +7.8% |
| AXP American Express Co. | 3.89% | 42,685 | $13.6M | Add +3.6% |
| STWD Starwood Property Trust Inc. | 3.76% | 654,344 | $13.1M | Add +5.7% |
| LEN.B Lennar Corp. Class B | 3.62% | 120,140 | $12.6M | Add +2.4% |
| RRC Range Resources Corp. | 3.26% | 279,942 | $11.4M | Add +5.6% |
| FHN First Horizon Corp. | 2.91% | 480,675 | $10.2M | Add +1.1% |
| EG Everest Group Ltd. | 2.84% | 29,190 | $9.9M | Add +0.1% |
| AIG American International Group | 2.52% | 102,938 | $8.8M | Add +2.2% |
| ET Energy Transfer LP | 2.29% | 441,940 | $8.0M | Add +3.7% |
| TFIN Triumph Financial Inc. | 2.15% | 136,275 | $7.5M | Add +5.4% |
| ORI Old Republic Intl Corp. | 2.06% | 187,500 | $7.2M | Reduce -0.2% |
| KMI Kinder Morgan Inc. | 1.91% | 226,644 | $6.7M | Add +4.9% |
| PLGO Pelagos Insurance Capital LT filed as FIDELIS INSURANCE HOLDINGS L | 1.46% | 307,150 | $5.1M | Add +2.4% |
| STR Sitio Royalties Corp. Class A | 1.39% | 263,723 | $4.8M | Reduce -27.4% |
| HIG Hartford Insurance Group Inc. | 1.27% | 35,000 | $4.4M | No change |
| EQH Equitable Holdings Inc. | 1.21% | 75,300 | $4.2M | Add +0.4% |
| ESNT Essent Group Ltd. | 1.00% | 57,428 | $3.5M | Add +0.0% |
| RWT Redwood Trust Inc. | 0.82% | 486,181 | $2.9M | Add +12.8% |
| TRAVELERS GROUP INC | 0.71% | 13,000 | $2.5M | No change |
| MRP Millrose Properties | 0.65% | 79,784 | $2.3M | Add +28.8% |
| ARLP Alliance Resource Partners | 0.53% | 70,400 | $1.8M | No change |
| NMIH Nmi Holdings Inc. filed as NMI HLDGS INC | 0.29% | 24,110 | $1.0M | Reduce -0.4% |
| KO The Coca-Cola Co. | 0.26% | 13,064 | $924K | No change |
| MSFT Microsoft Corp. | 0.21% | 1,500 | $746K | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.16% | 834 | $576K | Add +0.5% |
| TIPT Tiptree Inc. | 0.15% | 22,246 | $525K | Add +7.2% |
| RF Regions Financial Corp. | 0.13% | 19,235 | $452K | No change |
| AAPL Apple Inc. | 0.12% | 2,101 | $431K | Add +0.1% |
| NVDA Nvidia Corp. | 0.09% | 2,014 | $318K | No change |
| HOMB Home Bancshares Inc. | 0.08% | 10,000 | $285K | No change |
Portfolio Sells Q1 2025 → Q2 2025
Portfolio Buys Q1 2025 → Q2 2025
| MTG Mgic Investment Corp. | Add +1.0% | 14.93% | +1.25 |
| DAR Darling Ingredients Inc. | Add +7.8% | 5.19% | +1.07 |
| GOOG Alphabet Inc. Class C | Add +4.5% | 6.03% | +0.75 |
| AXP American Express Co. | Add +3.6% | 3.89% | +0.60 |
| APO Apollo Global Management Inc. | Add +3.5% | 12.50% | +0.38 |
| FHN First Horizon Corp. | Add +1.1% | 2.91% | +0.17 |
| MRP Millrose Properties | Add +28.8% | 0.65% | +0.16 |
| STWD Starwood Property Trust Inc. | Add +5.7% | 3.76% | +0.12 |
| RRC Range Resources Corp. | Add +5.6% | 3.26% | +0.11 |
| KMI Kinder Morgan Inc. | Add +4.9% | 1.91% | +0.07 |
| EQH Equitable Holdings Inc. | Add +0.4% | 1.21% | +0.05 |
| RWT Redwood Trust Inc. | Add +12.8% | 0.82% | +0.04 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.5% | 0.16% | +0.03 |
| ESNT Essent Group Ltd. | Add +0.0% | 1.00% | +0.01 |
| PLGO Pelagos Insurance Capital LT | Add +2.4% | 1.46% | +0.01 |
| TIPT Tiptree Inc. | Add +7.2% | 0.15% | +0.00 |
| AAPL Apple Inc. | Add +0.1% | 0.12% | −0.02 |
| ET Energy Transfer LP | Add +3.7% | 2.29% | −0.06 |
| TFIN Triumph Financial Inc. | Add +5.4% | 2.15% | −0.07 |
| AIG American International Group | Add +2.2% | 2.52% | −0.08 |
| LEN.B Lennar Corp. Class B | Add +2.4% | 3.62% | −0.19 |
| AZO AutoZone Inc. | Add +2.4% | 6.47% | −0.28 |
| EG Everest Group Ltd. | Add +0.1% | 2.84% | −0.31 |
| PGR Progressive Corp. | Add +2.3% | 6.60% | −0.52 |
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 |