NFC Investments, LLC Long-Term Concentrated

Location: Memphis, TN

CIK: 0001512858 · Show all filings

Period: Q1 2020 (← Previous) (Next →)

Filing Date: May 11, 2020

Total Value: $242M (100.0% shares, 0.0% debt)

Holdings (41)

MTG MGIC INVESTMENT CORP 7.2%

Value $17.54M Shares 2,761,832 Est. Cost $8.81 Unrealized +37.2%

AZO AUTOZONE INC 7.1%

Value $17.21M Shares 20,338 Est. Cost $629.40 Unrealized +65.1%

— ENSTAR GROUP LIMITED 7.1%

Value $17.1M Shares 107,532 Est. Cost $145.39 Unrealized —

— ATHENE HLDG LTD 6.7%

Value $16.29M Shares 656,261 Est. Cost $45.54 Unrealized —

DAR DARLING INGREDIENTS INC 5.7%

Value $13.9M Shares 725,160 Est. Cost $16.52 Unrealized +53.5%

TFIN TRIUMPH BANCORP INC 5.5%

Value $13.21M Shares 508,005 Est. Cost $27.01 Unrealized +28.1%

LBRDK LIBERTY BROADBAND CORP 5.4%

Value $12.97M Shares 117,120 Est. Cost $51.74 Unrealized +125.2%

— ALPHABET INC CAP STK 4.9%

Value $11.97M Shares 10,292 Est. Cost $1047.49 Unrealized —

AGO ASSURED GUARANTY LTD 4.7%

Value $11.35M Shares 440,175 Est. Cost $25.15 Unrealized +48.3%

— RENEWABLE ENERGY GROUP 4.6%

Value $11.22M Shares 546,335 Est. Cost $15.00 Unrealized —

— COMCAST CORP NEW 4.3%

Value $10.41M Shares 302,910 Est. Cost $34.39 Unrealized —

— CHIMERA INVT CORP 3.7%

Value $8.883M Shares 976,147 Est. Cost $6.13 Unrealized —

STWD STARWOOD PPTY TR INC 3.5%

Value $8.4M Shares 819,544 Est. Cost $23.37 Unrealized —

AIG AMERICAN INTL GROUP INC 3.3%

Value $7.974M Shares 328,809 Est. Cost $36.08 Unrealized +1.9%

AXP AMERICAN EXPRESS CO 2.9%

Value $7.083M Shares 82,737 Est. Cost $107.60 Unrealized 0.0%

— VERISIGN INC 2.6%

Value $6.171M Shares 34,267 Est. Cost $180.09 Unrealized —

VOO VANGUARD INDEX FDS 2.2%

Value $5.358M Shares 22,624 Est. Cost $236.83 Unrealized —

NMIH NMI HOLDINGS INC 2.1%

Value $5.027M Shares 432,980 Est. Cost $26.45 Unrealized 0.0%

— CORECIVIC INC 2.0%

Value $4.779M Shares 427,865 Est. Cost $23.60 Unrealized —

— JERNIGAN CAP INC 2.0%

Value $4.755M Shares 433,875 Est. Cost $18.72 Unrealized —

PGR PROGRESSIVE CORP OHIO 1.5%

Value $3.729M Shares 50,500 Est. Cost $63.55 Unrealized +2.8%

— STORE CAP CORP 1.5%

Value $3.648M Shares 201,325 Est. Cost $23.01 Unrealized —

— GCI LIBERTY INC 1.4%

Value $3.346M Shares 58,726 Est. Cost $42.06 Unrealized —

HOMB HOME BANCSHARES INC 1.2%

Value $2.938M Shares 245,000 Est. Cost $18.63 Unrealized -7.0%

ORI OLD REP INTL CORP 1.2%

Value $2.837M Shares 186,000 Est. Cost $5.84 Unrealized +115.8%

RNR RENAISSANCE RE HOLDINGS LTD 1.0%

Value $2.316M Shares 15,510 Est. Cost $88.61 Unrealized +100.8%

EG EVEREST RE GROUP LTD 0.9%

Value $2.117M Shares 11,000 Est. Cost $99.45 Unrealized +127.1%

— DUPONT DE NEMOURS INC 0.7%

Value $1.764M Shares 51,732 Est. Cost $74.97 Unrealized —

— ADAMS DIVERSIFIED EQUITY FD 0.7%

Value $1.7M Shares 130,005 Est. Cost $15.47 Unrealized —

— CORTEVA INC 0.6%

Value $1.368M Shares 58,231 Est. Cost $29.53 Unrealized —

CRD/A CRAWFORD & CO 0.4%

Value $925K Shares 128,507 Est. Cost $6.59 Unrealized +10.7%

BRK/B BERKSHIRE HATHAWAY INC 0.3%

Value $779K Shares 4,261 Est. Cost $126.98 Unrealized +67.4%

ESNT ESSENT GROUP LTD 0.3%

Value $619K Shares 23,500 Est. Cost $39.95 Unrealized 0.0%

KO COCA COLA CO 0.2%

Value $600K Shares 13,569 Est. Cost $28.30 Unrealized +59.0%

— TORTOISE MLP FD INC 0.2%

Value $579K Shares 678,185 Est. Cost $13.50 Unrealized —

MSFT MICROSOFT CORP 0.1%

Value $246K Shares 1,562 Est. Cost $119.52 Unrealized +30.8%

— SELECT INTERIOR CONCEPTS INC 0.1%

Value $235K Shares 113,415 Est. Cost $10.65 Unrealized —

AAPL APPLE INC 0.1%

Value $205K Shares 808 Est. Cost $62.02 Unrealized +14.6%

FHN FIRST HORIZON NATL CORP 0.1%

Value $188K Shares 23,295 Est. Cost $7.68 Unrealized +43.5%

RF REGIONS FINANCIAL CORP 0.1%

Value $173K Shares 19,235 Est. Cost $5.80 Unrealized +89.3%

— AMERICAN INTL GROUP INC 0.0%

Value $27,000 Shares 34,385 Est. Cost $18.16 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MTG	MGIC INVESTMENT CORP	2,761,832	$17.54M	7.2%	$8.81	+37.2%	CORP	552848103
AZO	AUTOZONE INC	20,338	$17.21M	7.1%	$629.40	+65.1%	COM	053332102
—	ENSTAR GROUP LIMITED	107,532	$17.1M	7.1%	$145.39	—	SHS	G3075p101
—	ATHENE HLDG LTD	656,261	$16.29M	6.7%	$45.54	—	CL A	G0684d107
DAR	DARLING INGREDIENTS INC	725,160	$13.9M	5.7%	$16.52	+53.5%	COM	237266101
TFIN	TRIUMPH BANCORP INC	508,005	$13.21M	5.5%	$27.01	+28.1%	COM	89679E300
LBRDK	LIBERTY BROADBAND CORP	117,120	$12.97M	5.4%	$51.74	+125.2%	COM SER C	530307305
—	ALPHABET INC CAP STK	10,292	$11.97M	4.9%	$1047.49	—	CL A	02079k107
AGO	ASSURED GUARANTY LTD	440,175	$11.35M	4.7%	$25.15	+48.3%	COM	G0585R106
—	RENEWABLE ENERGY GROUP	546,335	$11.22M	4.6%	$15.00	—	COM	75972A301
—	COMCAST CORP NEW	302,910	$10.41M	4.3%	$34.39	—	CL A	20030n101
—	CHIMERA INVT CORP	976,147	$8.883M	3.7%	$6.13	—	COM	16934Q109
STWD	STARWOOD PPTY TR INC	819,544	$8.4M	3.5%	$23.37	—	COM	85571B105
AIG	AMERICAN INTL GROUP INC	328,809	$7.974M	3.3%	$36.08	+1.9%	COM	026874784
AXP	AMERICAN EXPRESS CO	82,737	$7.083M	2.9%	$107.60	0.0%	COM	025816109
—	VERISIGN INC	34,267	$6.171M	2.6%	$180.09	—	COM	94343E102
VOO	VANGUARD INDEX FDS	22,624	$5.358M	2.2%	$236.83	—	S&P 500 ETF SHS	922908363
NMIH	NMI HOLDINGS INC	432,980	$5.027M	2.1%	$26.45	0.0%	CL A	629209305
—	CORECIVIC INC	427,865	$4.779M	2.0%	$23.60	—	COM	21871n101
—	JERNIGAN CAP INC	433,875	$4.755M	2.0%	$18.72	—	COM	476405105
PGR	PROGRESSIVE CORP OHIO	50,500	$3.729M	1.5%	$63.55	+2.8%	COM	743315103
—	STORE CAP CORP	201,325	$3.648M	1.5%	$23.01	—	COM	862121100
—	GCI LIBERTY INC	58,726	$3.346M	1.4%	$42.06	—	COM	36164v305
HOMB	HOME BANCSHARES INC	245,000	$2.938M	1.2%	$18.63	-7.0%	COM	436893200
ORI	OLD REP INTL CORP	186,000	$2.837M	1.2%	$5.84	+115.8%	COM	680223104
RNR	RENAISSANCE RE HOLDINGS LTD	15,510	$2.316M	1.0%	$88.61	+100.8%	COM	G7496G103
EG	EVEREST RE GROUP LTD	11,000	$2.117M	0.9%	$99.45	+127.1%	COM	G3223R108
—	DUPONT DE NEMOURS INC	51,732	$1.764M	0.7%	$74.97	—	COM	26614n102
—	ADAMS DIVERSIFIED EQUITY FD	130,005	$1.7M	0.7%	$15.47	—	COM	006212104
—	CORTEVA INC	58,231	$1.368M	0.6%	$29.53	—	COM	220521104
CRD/A	CRAWFORD & CO	128,507	$925K	0.4%	$6.59	+10.7%	CL A	224633206
BRK/B	BERKSHIRE HATHAWAY INC	4,261	$779K	0.3%	$126.98	+67.4%	CL B	084670702
ESNT	ESSENT GROUP LTD	23,500	$619K	0.3%	$39.95	0.0%	COM	G3198U102
KO	COCA COLA CO	13,569	$600K	0.2%	$28.30	+59.0%	COM	191216100
—	TORTOISE MLP FD INC	678,185	$579K	0.2%	$13.50	—	COM	89148B101
MSFT	MICROSOFT CORP	1,562	$246K	0.1%	$119.52	+30.8%	CORP	594918104
—	SELECT INTERIOR CONCEPTS INC	113,415	$235K	0.1%	$10.65	—	CL A	816120307
AAPL	APPLE INC	808	$205K	0.1%	$62.02	+14.6%	COM	037833100
FHN	FIRST HORIZON NATL CORP	23,295	$188K	0.1%	$7.68	+43.5%	COM	320517105
RF	REGIONS FINANCIAL CORP	19,235	$173K	0.1%	$5.80	+89.3%	COM	7591EP100
—	AMERICAN INTL GROUP INC	34,385	$27,000	0.0%	$18.16	—	W EXP 01/19/2021	026874156