CIK: 0001512858
Total reported value
$359.2M
Reporting period: 2026-03-31 · Number of holdings: 41
NFC Investments, LLC disclosed 41 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $359.2M and a quarterly turnover rate of 27.8%.
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NFC Investments, LLC's disclosed holdings carry a Herfindahl concentration index of 0.059 — mathematically equivalent to about 17 equally-sized positions, well below its 41 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.21), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Add DAR
-2.7% $11.2M
Trim APO
+3.0% -$8.8M
Trim 02079k107
-16.2% -$7.9M
Add PGR
+57.3% $6.9M
Trim MTG
-1.1% -$5.8M
Add 87612g101
-1.3% $4.2M
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | MTG | Mgic Investment CORP | Stock-Financials | 12.91% | -1.82% | -1.05% | |
| 2 | APO | Apollo Global Management INC | Stock-Financials | 9.40% | -2.62% | +3.02% | |
| 3 | DAR | Darling Ingredients INC | Stock-Consumer Staples | 7.74% | +3.04% | -2.74% | |
| 4 | ✓ | Alphabet Inc. | Stock-Other | 7.25% | -2.34% | -16.16% | |
| 5 | PGR | Progressive CORP | Stock-Financials | 7.16% | +1.86% | +57.31% | |
| 6 | AZO | Autozone INC | Stock-Consumer Disc | 5.29% | -0.11% | -0.25% | |
| 7 | ✓ | Fidelis Insurance Holdin | Stock-Other | 4.88% | +0.41% | +13.21% | |
| 8 | ✓ | Targa Resources Corp. | Stock-Other | 4.64% | +1.13% | -1.33% | |
| 9 | WEST | Westrock Coffee Co | Stock-Other | 4.18% | -0.12% | -5.77% | |
| 10 | RRC | Range Resources CORP | Stock-Energy | 3.33% | +0.65% | -1.68% | |
| 11 | STWD | Starwood Property Trust INC | Stock-Real Estate | 3.22% | -0.26% | -1.66% | |
| 12 | AXP | American Express Co | Stock-Financials | 3.22% | -0.83% | -1.68% | |
| 13 | TOL | Toll Brothers INC | Stock-Consumer Disc | 3.01% | +3.01% | NEW | |
| 14 | EG | Everest Group, Ltd. | Stock-Financials | 2.65% | -0.15% | -0.27% | |
| 15 | ✓ | Energy Transfer LP | Stock-Other | 2.57% | +0.38% | +1.38% | |
| 16 | COF | Capital One Financial CORP | Stock-Financials | 2.29% | +2.29% | NEW | |
| 17 | UHAL-B | U-haul Holding Co-non Voting | Stock-Other | 2.22% | +0.32% | +23.69% | |
| 18 | TFIN | Triumph Financial INC | Stock-Other | 2.12% | -0.13% | +0.29% | |
| 19 | ✓ | Kinder Morgan, Inc. | Stock-Other | 1.98% | +0.23% | -5.78% | |
| 20 | ORI | Old Republic Intl CORP | Stock-Financials | 1.70% | -0.33% | -2.70% | |
| 21 | VNOM | Viper Energy Inc-cl A | Stock-Energy | 1.60% | +0.21% | -4.01% | |
| 22 | HIG | Hartford Insurance Group INC | Stock-Financials | 1.32% | -0.04% | — | |
| 23 | ✓ | Travelers Group INC | Stock-Other | 1.06% | — | — | |
| 24 | ESNT | Essent Group Ltd. | Stock-Financials | 0.80% | -0.15% | -5.44% | |
| 25 | RWT | Redwood Trust INC | Stock-Other | 0.74% | -0.04% | -5.00% | |
| 26 | ARLP | Alliance Resource Partners | Stock-Other | 0.51% | +0.05% | -5.74% | |
| 27 | FHN | First Horizon CORP | Stock-Financials | 0.38% | +0.32% | +537.19% | |
| 28 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.26% | +0.01% | — | |
| 29 | MRP | Millrose Properties | Stock-Real Estate | 0.24% | -0.43% | -61.00% | |
| 30 | NMIH | Nmi Holdings INC | Stock-Financials | 0.17% | -0.11% | -31.07% | |
| 31 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.16% | -0.01% | — | |
| 32 | RF | Regions Financial CORP | Stock-Financials | 0.14% | -0.01% | — | |
| 33 | MSFT | Microsoft CORP | Stock-Tech | 0.13% | -0.07% | -16.90% | |
| 34 | ✓ | KKR & Co. Inc. | Stock-Other | 0.12% | -0.05% | +0.21% | |
| 35 | BAC | Bank Of America CORP | Stock-Financials | 0.11% | +0.11% | NEW | |
| 36 | ✓ | FedEx Corporation | Stock-Other | 0.11% | +0.02% | +0.19% | |
| 37 | AAPL | Apple INC | Stock-Tech | 0.10% | -0.06% | -30.77% | |
| 38 | ✓ | Alphabet Inc. | Stock-Other | 0.07% | -0.01% | — | |
| 39 | PNFP | Pinnacle Financial Partners | Stock-Financials | 0.07% | +0.07% | NEW | |
| 40 | ✓ | Invesco Qqq Trust | Stock-Other | 0.07% | -0.01% | — | |
| 41 | MGK | Vanguard Mega Cap Growth ETF | ETF-Other | 0.07% | -0.01% | — |
Performance for Q3 2026
-0.6%
Performance Last 4 Quarters
+12.6%
Based on 67% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 41 | $359.2M | 28 | |
| 2025-12-31 | 43 | $354.2M | 17 | |
| 2025-09-30 | 43 | $345.5M | 22 | |
| 2025-06-30 | 36 | $349.7M | 0 | |
| 2025-03-31 | 36 | $336.4M | 100 | |
| 2024-12-31 | 37 | $362.4M | 0 | |
| 2024-09-30 | 35 | $348.1M | 0 | |
| 2024-06-30 | 36 | $348.6M | 0 | |
| 2024-03-31 | 32 | $347.7M | 0 | |
| 2023-12-31 | 31 | $323.3M | 0 | |
| 2023-06-30 | 32 | $303.8M | 0 | |
| 2023-03-31 | 31 | $269.2M | 0 | |
| 2022-12-31 | 34 | $322.9M | 0 | |
| 2022-09-30 | 36 | $371.4M | 0 | |
| 2022-06-30 | 35 | $368.8M | 0 | |
| 2022-03-31 | 38 | $446.4M | 0 | |
| 2021-12-31 | 42 | $481.2M | 0 | |
| 2021-09-30 | 44 | $459.6M | 0 | |
| 2021-06-30 | 46 | $380.4M | 20 | |
| 2021-03-31 | 47 | $375.7M | 16 | |
| 2020-12-31 | 37 | $344.2M | 36 | |
| 2020-09-30 | 39 | $265.3M | 19 | |
| 2020-06-30 | 41 | $258.7M | 21 | |
| 2020-03-31 | 41 | $241.9M | 66 | |
| 2019-12-31 | 41 | $396.2M | 10 | |
| 2019-09-30 | 39 | $370.0M | 11 | |
| 2019-06-30 | 39 | $350.4M | 21 | |
| 2019-03-31 | 35 | $338.9M | 15 | |
| 2018-12-31 | 37 | $306.5M | 25 | |
| 2018-09-30 | 42 | $312.1M | 17 | |
| 2018-06-30 | 39 | $271.5M | 17 | |
| 2018-03-31 | 41 | $284.1M | 18 | |
| 2017-12-31 | 42 | $295.7M | 19 | |
| 2017-09-30 | 44 | $291.2M | 13 | |
| 2017-06-30 | 43 | $282.0M | 13 | |
| 2017-03-31 | 41 | $262.7M | 20 | |
| 2016-12-31 | 41 | $258.5M | 26 | |
| 2016-09-30 | 39 | $222.9M | 19 | |
| 2016-06-30 | 40 | $212.7M | 16 | |
| 2016-03-31 | 39 | $206.6M | 22 | |
| 2015-12-31 | 38 | $202.8M | 19 | |
| 2015-09-30 | 40 | $211.5M | 24 | |
| 2015-06-30 | 39 | $228.0M | 100 | |
| 2015-03-31 | 39 | $1.7B | 100 | |
| 2014-12-31 | 39 | $230.6M | 25 | |
| 2014-09-30 | 40 | $226.0M | 17 | |
| 2014-06-30 | 39 | $204.8M | 21 | |
| 2014-03-31 | 41 | $199.1M | 24 | |
| 2013-12-31 | 39 | $191.4M | 24 | |
| 2013-09-30 | 39 | $183.3M | 14 | |
| 2013-06-30 | 39 | $166.6M | — |
NFC Investments, LLC's most significant position changes for 2026-03-31: New buy: Toll Brothers INC (TOL); Sold out: Lennar CORP - B Shs (LEN-B); New buy: Capital One Financial CORP (COF); Sold out: Equitable Holdings INC (EQH); New buy: Bank Of America CORP (BAC).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | DAR | Darling Ingredients INC | +3% | -2.74% | Trim |
| 2 | PGR | Progressive CORP | +1.9% | +57.31% | Add |
| 3 | ✓ | Targa Resources Corp. | +1.1% | -1.33% | Trim |
| 4 | RRC | Range Resources CORP | +0.7% | -1.68% | Trim |
| 5 | ✓ | Fidelis Insurance Holdin | +0.4% | +13.21% | Add |
| 6 | ✓ | Energy Transfer LP | +0.4% | +1.38% | Add |
| 7 | UHAL-B | U-haul Holding Co-non Voting | +0.3% | +23.69% | Add |
| 8 | FHN | First Horizon CORP | +0.3% | +537.19% | Add |
| 9 | ✓ | Kinder Morgan, Inc. | +0.2% | -5.78% | Trim |
| 10 | VNOM | Viper Energy Inc-cl A | +0.2% | -4.01% | Trim |
| 11 | ARLP | Alliance Resource Partners | +0.1% | -5.74% | Trim |
| 12 | ✓ | FedEx Corporation | 0% | +0.19% | Add |
| 13 | KO | Coca-cola Co/the | 0% | — | Unchanged |
| 14 | ✓ | Travelers Group INC | — | — | Unchanged |
| 15 | MGK | Vanguard Mega Cap Growth ETF | 0% | — | Unchanged |
| 16 | BRK-B | Berkshire Hathaway Inc-cl B | 0% | — | Unchanged |
| 17 | ✓ | Alphabet Inc. | 0% | — | Unchanged |
| 18 | RF | Regions Financial CORP | 0% | — | Unchanged |
| 19 | ✓ | Invesco Qqq Trust | 0% | — | Unchanged |
| 20 | RWT | Redwood Trust INC | 0% | -5.00% | Trim |
| 21 | HIG | Hartford Insurance Group INC | 0% | — | Unchanged |
| 22 | ✓ | KKR & Co. Inc. | -0.1% | +0.21% | Add |
| 23 | AAPL | Apple INC | -0.1% | -30.77% | Trim |
| 24 | MSFT | Microsoft CORP | -0.1% | -16.90% | Trim |
| 25 | NMIH | Nmi Holdings INC | -0.1% | -31.07% | Trim |
| 26 | AZO | Autozone INC | -0.1% | -0.25% | Trim |
| 27 | WEST | Westrock Coffee Co | -0.1% | -5.77% | Trim |
| 28 | TFIN | Triumph Financial INC | -0.1% | +0.29% | Add |
| 29 | ESNT | Essent Group Ltd. | -0.2% | -5.44% | Trim |
| 30 | EG | Everest Group, Ltd. | -0.2% | -0.27% | Trim |
| 31 | STWD | Starwood Property Trust INC | -0.3% | -1.66% | Trim |
| 32 | ORI | Old Republic Intl CORP | -0.3% | -2.70% | Trim |
| 33 | MRP | Millrose Properties | -0.4% | -61.00% | Trim |
| 34 | AXP | American Express Co | -0.8% | -1.68% | Trim |
| 35 | MTG | Mgic Investment CORP | -1.8% | -1.05% | Trim |
| 36 | ✓ | Alphabet Inc. | -2.3% | -16.16% | Trim |
| 37 | APO | Apollo Global Management INC | -2.6% | +3.02% | Add |
| 38 | TOL | Toll Brothers INC | — | NEW | New buy |
| 39 | LEN-B | Lennar CORP - B Shs | — | EXIT | Sold out |
| 40 | COF | Capital One Financial CORP | — | NEW | New buy |
| 41 | EQH | Equitable Holdings INC | — | EXIT | Sold out |
| 42 | BAC | Bank Of America CORP | — | NEW | New buy |
| 43 | ✓ | Tiptree INC | — | EXIT | Sold out |
| 44 | ✓ | NVIDIA Corporation | — | EXIT | Sold out |
| 45 | HOMB | Home Bancshares INC | — | EXIT | Sold out |
| 46 | PNFP | Pinnacle Financial Partners | — | NEW | New buy |
| 47 | ONEQ | Fidelity Nasdaq Comp Indx | — | EXIT | Sold out |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-12 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-11 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-12 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-12 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-14 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-10 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-14 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-12 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-10 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-09 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-10 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-10 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-15 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-11-15 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-08-11 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-05-16 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-14 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-11-15 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-08-26 | Amendment | View on EDGAR |
| 2021-06-30 | 2021-08-13 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-05-11 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-11 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-09 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-08-13 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-11 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-12 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-11-12 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-08-13 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-15 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-12 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-11-13 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-08-14 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-14 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-02-14 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-11-13 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-08-15 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-05-12 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-02-15 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-15 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-08-10 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-05-12 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-02-11 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-11-13 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-08-12 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-05-12 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-24 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-11-12 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-08-12 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-05-14 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-02-12 | 13F-HR | View on EDGAR |
| 2013-09-30 | 2013-11-12 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-08-19 | 13F-HR | View on EDGAR |
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