NFC Investments, LLC Long-Term Concentrated

Location: Memphis, TN

CIK: 0001512858 · Show all filings

Period: Q4 2022 (← Previous) (Next →)

Filing Date: Feb 15, 2023

Total Value: $323M

Holdings (34)

APO APOLLO GLOBAL MGMT INC 11.9%

Value $38.49M Shares 603,368 Est. Cost $61.02 Unrealized -7.8%

MTG MGIC INVESTMENT CORP 9.9%

Value $31.89M Shares 2,453,032 Est. Cost $8.81 Unrealized +49.3%

DAR DARLING INGREDIENTS INC 9.7%

Value $31.29M Shares 499,865 Est. Cost $18.72 Unrealized +276.6%

WEST WESTROCK COFFEE CO 8.5%

Value $27.41M Shares 2,051,795 Est. Cost $10.40 Unrealized +14.9%

— ENSTAR GROUP LIMITED 8.4%

Value $27.05M Shares 117,088 Est. Cost $159.53 Unrealized —

AZO AUTOZONE INC 5.4%

Value $17.52M Shares 7,106 Est. Cost $629.40 Unrealized +284.0%

LBRDK LIBERTY BROADBAND CORP 4.6%

Value $14.86M Shares 194,821 Est. Cost $82.12 Unrealized -7.3%

— SITIO ROYALTIES CORP 4.3%

Value $13.93M Shares 482,940 Est. Cost $28.85 Unrealized —

AIG AMERICAN INTL GROUP INC 4.1%

Value $13.36M Shares 211,224 Est. Cost $36.24 Unrealized +49.6%

STWD STARWOOD PPTY TR INC 3.9%

Value $12.47M Shares 680,580 Est. Cost $23.37 Unrealized —

PGR PROGRESSIVE CORP OHIO 3.8%

Value $12.26M Shares 94,478 Est. Cost $65.32 Unrealized +77.1%

TFIN TRIUMPH FINANCIAL INC 3.6%

Value $11.54M Shares 236,033 Est. Cost $27.97 Unrealized +93.1%

— ALPHABET INC CAP STK 3.1%

Value $10.07M Shares 113,530 Est. Cost $143.70 Unrealized —

ORI OLD REP INTL CORP 2.8%

Value $8.936M Shares 370,015 Est. Cost $7.98 Unrealized +136.1%

LEN/B LENNAR CORP 2.1%

Value $6.668M Shares 89,171 Est. Cost $66.93 Unrealized -8.0%

AXP AMERICAN EXPRESS CO 2.1%

Value $6.668M Shares 45,127 Est. Cost $108.33 Unrealized +31.4%

— COMCAST CORP NEW 2.0%

Value $6.475M Shares 185,160 Est. Cost $34.63 Unrealized —

EG EVEREST RE GROUP LTD 1.6%

Value $5.3M Shares 16,000 Est. Cost $163.02 Unrealized +81.4%

AGO ASSURED GUARANTY LTD 1.5%

Value $4.981M Shares 80,000 Est. Cost $25.15 Unrealized +125.5%

ESNT ESSENT GROUP LTD 1.4%

Value $4.533M Shares 116,580 Est. Cost $29.41 Unrealized +22.2%

— RICE ACQUISITION CORP II 1.2%

Value $4.018M Shares 395,132 Est. Cost $9.86 Unrealized —

HIG HARTFORD FINL SVCS CORP 0.8%

Value $2.654M Shares 35,000 Est. Cost $60.45 Unrealized +12.0%

— TRAVELERS GROUP INC 0.8%

Value $2.437M Shares 13,000 Est. Cost $108.15 Unrealized —

— VERISIGN INC 0.5%

Value $1.555M Shares 7,569 Est. Cost $180.09 Unrealized —

— STORE CAP CORP 0.5%

Value $1.51M Shares 47,095 Est. Cost $23.60 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC 0.4%

Value $1.236M Shares 4,000 Est. Cost $126.98 Unrealized +133.9%

KO COCA COLA CO 0.3%

Value $837K Shares 13,164 Est. Cost $28.30 Unrealized +94.0%

NMIH NMI HOLDINGS INC 0.2%

Value $538K Shares 25,760 Est. Cost $26.45 Unrealized -20.8%

FHN FIRST HORIZON NATL CORP 0.1%

Value $465K Shares 18,995 Est. Cost $7.68 Unrealized +180.2%

HOMB HOME BANCSHARES INC 0.1%

Value $456K Shares 20,000 Est. Cost $18.63 Unrealized +30.2%

AAPL APPLE INC 0.1%

Value $454K Shares 3,497 Est. Cost $100.85 Unrealized +39.5%

RF REGIONS FINANCIAL CORP 0.1%

Value $415K Shares 19,235 Est. Cost $5.80 Unrealized +224.3%

MSFT MICROSOFT CORP 0.1%

Value $372K Shares 1,550 Est. Cost $140.49 Unrealized +66.6%

— TIPTREE INC 0.1%

Value $287K Shares 20,746 Est. Cost $13.83 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
APO	APOLLO GLOBAL MGMT INC	603,368	$38.49M	11.9%	$61.02	-7.8%	—	03769M106
MTG	MGIC INVESTMENT CORP	2,453,032	$31.89M	9.9%	$8.81	+49.3%	—	552848103
DAR	DARLING INGREDIENTS INC	499,865	$31.29M	9.7%	$18.72	+276.6%	—	237266101
WEST	WESTROCK COFFEE CO	2,051,795	$27.41M	8.5%	$10.40	+14.9%	—	96145W103
—	ENSTAR GROUP LIMITED	117,088	$27.05M	8.4%	$159.53	—	—	G3075p101
AZO	AUTOZONE INC	7,106	$17.52M	5.4%	$629.40	+284.0%	—	053332102
LBRDK	LIBERTY BROADBAND CORP	194,821	$14.86M	4.6%	$82.12	-7.3%	—	530307305
—	SITIO ROYALTIES CORP	482,940	$13.93M	4.3%	$28.85	—	—	82983n108
AIG	AMERICAN INTL GROUP INC	211,224	$13.36M	4.1%	$36.24	+49.6%	—	026874784
STWD	STARWOOD PPTY TR INC	680,580	$12.47M	3.9%	$23.37	—	—	85571B105
PGR	PROGRESSIVE CORP OHIO	94,478	$12.26M	3.8%	$65.32	+77.1%	—	743315103
TFIN	TRIUMPH FINANCIAL INC	236,033	$11.54M	3.6%	$27.97	+93.1%	—	89679E300
—	ALPHABET INC CAP STK	113,530	$10.07M	3.1%	$143.70	—	—	02079k107
ORI	OLD REP INTL CORP	370,015	$8.936M	2.8%	$7.98	+136.1%	—	680223104
LEN/B	LENNAR CORP	89,171	$6.668M	2.1%	$66.93	-8.0%	—	526057302
AXP	AMERICAN EXPRESS CO	45,127	$6.668M	2.1%	$108.33	+31.4%	—	025816109
—	COMCAST CORP NEW	185,160	$6.475M	2.0%	$34.63	—	—	20030n101
EG	EVEREST RE GROUP LTD	16,000	$5.3M	1.6%	$163.02	+81.4%	—	G3223R108
AGO	ASSURED GUARANTY LTD	80,000	$4.981M	1.5%	$25.15	+125.5%	—	G0585R106
ESNT	ESSENT GROUP LTD	116,580	$4.533M	1.4%	$29.41	+22.2%	—	G3198U102
—	RICE ACQUISITION CORP II	395,132	$4.018M	1.2%	$9.86	—	—	G75529100
HIG	HARTFORD FINL SVCS CORP	35,000	$2.654M	0.8%	$60.45	+12.0%	—	416515104
—	TRAVELERS GROUP INC	13,000	$2.437M	0.8%	$108.15	—	—	894190107
—	VERISIGN INC	7,569	$1.555M	0.5%	$180.09	—	—	94343E102
—	STORE CAP CORP	47,095	$1.51M	0.5%	$23.60	—	—	862121100
BRK/B	BERKSHIRE HATHAWAY INC	4,000	$1.236M	0.4%	$126.98	+133.9%	—	084670702
KO	COCA COLA CO	13,164	$837K	0.3%	$28.30	+94.0%	—	191216100
NMIH	NMI HOLDINGS INC	25,760	$538K	0.2%	$26.45	-20.8%	—	629209305
FHN	FIRST HORIZON NATL CORP	18,995	$465K	0.1%	$7.68	+180.2%	—	320517105
HOMB	HOME BANCSHARES INC	20,000	$456K	0.1%	$18.63	+30.2%	—	436893200
AAPL	APPLE INC	3,497	$454K	0.1%	$100.85	+39.5%	—	037833100
RF	REGIONS FINANCIAL CORP	19,235	$415K	0.1%	$5.80	+224.3%	—	7591EP100
MSFT	MICROSOFT CORP	1,550	$372K	0.1%	$140.49	+66.6%	—	594918104
—	TIPTREE INC	20,746	$287K	0.1%	$13.83	—	—	88822q103