NFC Investments, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 12, 2026), NFC Investments, LLC reported 41 stock positions worth $359.2 million. Its top holding was Mgic Investment (MTG) at 12.9% of the portfolio, followed by Apollo Global Management (APO, 9.4%) and Darling Ingredients (DAR, 7.7%). Compared with Q4 2025, it opened 4 new positions, sold out of 6, added to 9 and reduced 20. The biggest buy was a new position in Toll Brothers (TOL) and the biggest sale an exit from Lennar Class B (LEN.B).
- Most Recent 13F
- Q2 2026
- Location
- MEMPHIS, TN
- CIK
- 0001512858
- Portfolio Value
- $359.2M (Q1 2026)
- SEC Filing
- 0001512858-26-000002 ↗ filed May 12, 2026
Holdings Value
Holdings 41 stocks · $359.2M
| MTG Mgic Investment Corp. | 12.91% | 1,766,601 | $46.4M | Reduce -1.1% |
| APO Apollo Global Management Inc. | 9.40% | 303,051 | $33.8M | Add +3.0% |
| DAR Darling Ingredients Inc. | 7.74% | 449,690 | $27.8M | Reduce -2.7% |
| GOOG Alphabet Inc. Class C | 7.25% | 90,732 | $26.0M | Reduce -16.2% |
| PGR Progressive Corp. | 7.16% | 129,641 | $25.7M | Add +57.3% |
| AZO AutoZone Inc. | 5.29% | 5,624 | $19.0M | Reduce -0.3% |
| PLGO Pelagos Insurance Capital LT filed as FIDELIS INSURANCE HOLDINGS L | 4.88% | 916,412 | $17.5M | Add +13.2% |
| TRGP Targa Resources Corp. | 4.64% | 66,501 | $16.7M | Reduce -1.3% |
| WEST Westrock Coffee Co. | 4.18% | 3,529,748 | $15.0M | Reduce -5.8% |
| RRC Range Resources Corp. | 3.33% | 264,958 | $12.0M | Reduce -1.7% |
| STWD Starwood Property Trust Inc. | 3.22% | 672,514 | $11.6M | Reduce -1.7% |
| AXP American Express Co. | 3.22% | 38,130 | $11.6M | Reduce -1.7% |
| TOL Toll Brothers Inc. | 3.01% | 79,138 | $10.8M | New |
| EG Everest Group Ltd. | 2.65% | 29,123 | $9.5M | Reduce -0.3% |
| ET Energy Transfer LP | 2.57% | 477,757 | $9.2M | Add +1.4% |
| COF Capital One Financial Corp. | 2.29% | 45,019 | $8.2M | New |
| UHAL.B U-Haul Holding Co.-Non Voting | 2.22% | 178,373 | $8.0M | Add +23.7% |
| TFIN Triumph Financial Inc. | 2.12% | 127,533 | $7.6M | Add +0.3% |
| KMI Kinder Morgan Inc. | 1.98% | 212,550 | $7.1M | Reduce -5.8% |
| ORI Old Republic Intl Corp. | 1.70% | 153,250 | $6.1M | Reduce -2.7% |
| VNOM Viper Energy Inc. Class A | 1.60% | 122,530 | $5.8M | Reduce -4.0% |
| HIG Hartford Insurance Group Inc. | 1.32% | 35,000 | $4.7M | No change |
| TRAVELERS GROUP INC | 1.06% | 13,000 | $3.8M | No change |
| ESNT Essent Group Ltd. | 0.80% | 49,133 | $2.9M | Reduce -5.4% |
| RWT Redwood Trust Inc. | 0.74% | 474,494 | $2.7M | Reduce -5.0% |
| ARLP Alliance Resource Partners | 0.51% | 65,700 | $1.8M | Reduce -5.7% |
| FHN First Horizon Corp. | 0.38% | 60,520 | $1.4M | Add +537.2% |
| KO The Coca-Cola Co. | 0.26% | 12,500 | $951K | No change |
| MRP Millrose Properties | 0.24% | 30,992 | $868K | Reduce -61.0% |
| NMIH Nmi Holdings Inc. filed as NMI HLDGS INC | 0.17% | 16,620 | $623K | Reduce -31.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.16% | 1,176 | $563K | No change |
| RF Regions Financial Corp. | 0.14% | 19,235 | $502K | No change |
| MSFT Microsoft Corp. | 0.13% | 1,234 | $457K | Reduce -16.9% |
| KKR KKR & Co. Inc. | 0.12% | 4,750 | $439K | Add +0.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.11% | 8,347 | $407K | New |
| FDX FedEx Corp. | 0.11% | 1,077 | $384K | Add +0.2% |
| AAPL Apple Inc. | 0.10% | 1,440 | $366K | Reduce -30.8% |
| GOOGL Alphabet Inc. Class A | 0.07% | 930 | $268K | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.07% | 450 | $260K | No change |
| PNFP Pinnacle Financial Partners | 0.07% | 3,014 | $260K | New |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.07% | 704 | $259K | No change |
Portfolio Sells Q4 2025 → Q1 2026
| LEN.B Lennar Corp. Class B | Sold out | 0.00% | −3.04 |
| GOOG Alphabet Inc. Class C | Reduce -16.2% | 7.25% | −2.34 |
| MTG Mgic Investment Corp. | Reduce -1.1% | 12.91% | −1.82 |
| EQH Equitable Holdings Inc. | Sold out | 0.00% | −1.01 |
| AXP American Express Co. | Reduce -1.7% | 3.22% | −0.83 |
| MRP Millrose Properties | Reduce -61.0% | 0.24% | −0.43 |
| ORI Old Republic Intl Corp. | Reduce -2.7% | 1.70% | −0.33 |
| STWD Starwood Property Trust Inc. | Reduce -1.7% | 3.22% | −0.25 |
| ESNT Essent Group Ltd. | Reduce -5.4% | 0.80% | −0.15 |
| EG Everest Group Ltd. | Reduce -0.3% | 2.65% | −0.15 |
| WEST Westrock Coffee Co. | Reduce -5.8% | 4.18% | −0.13 |
| TIPT Tiptree Inc. | Sold out | 0.00% | −0.11 |
| AZO AutoZone Inc. | Reduce -0.3% | 5.29% | −0.11 |
| NMIH Nmi Holdings Inc. | Reduce -31.1% | 0.17% | −0.10 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −0.08 |
| HOMB Home Bancshares Inc. | Sold out | 0.00% | −0.08 |
| MSFT Microsoft Corp. | Reduce -16.9% | 0.13% | −0.08 |
| ONEQ Fidelity Nasdaq Comp Indx | Sold out | 0.00% | −0.06 |
| AAPL Apple Inc. | Reduce -30.8% | 0.10% | −0.06 |
| RWT Redwood Trust Inc. | Reduce -5.0% | 0.74% | −0.04 |
| ARLP Alliance Resource Partners | Reduce -5.7% | 0.51% | +0.05 |
| VNOM Viper Energy Inc. Class A | Reduce -4.0% | 1.60% | +0.21 |
| KMI Kinder Morgan Inc. | Reduce -5.8% | 1.98% | +0.23 |
| RRC Range Resources Corp. | Reduce -1.7% | 3.33% | +0.65 |
| TRGP Targa Resources Corp. | Reduce -1.3% | 4.64% | +1.13 |
| DAR Darling Ingredients Inc. | Reduce -2.7% | 7.74% | +3.04 |
Portfolio Buys Q4 2025 → Q1 2026
| TOL Toll Brothers Inc. | New | 3.01% | +3.01 |
| COF Capital One Financial Corp. | New | 2.29% | +2.29 |
| PGR Progressive Corp. | Add +57.3% | 7.16% | +1.86 |
| PLGO Pelagos Insurance Capital LT | Add +13.2% | 4.88% | +0.40 |
| ET Energy Transfer LP | Add +1.4% | 2.57% | +0.37 |
| FHN First Horizon Corp. | Add +537.2% | 0.38% | +0.32 |
| UHAL.B U-Haul Holding Co.-Non Voting | Add +23.7% | 2.22% | +0.32 |
| BAC Bank of America Corp. | New | 0.11% | +0.11 |
| PNFP Pinnacle Financial Partners | New | 0.07% | +0.07 |
| FDX FedEx Corp. | Add +0.2% | 0.11% | +0.02 |
| KKR KKR & Co. Inc. | Add +0.2% | 0.12% | −0.05 |
| TFIN Triumph Financial Inc. | Add +0.3% | 2.12% | −0.13 |
| APO Apollo Global Management Inc. | Add +3.0% | 9.40% | −2.62 |
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 |