NFC Investments, LLC Long-Term Concentrated

Location: Memphis, TN

CIK: 0001512858 · Show all filings

Period: Q1 2025 (← Previous) (Next →)

Filing Date: May 14, 2025

Total Value: $336M

Holdings (36)

MTG MGIC INVESTMENT CORP 13.7%

Value $46.02M Shares 1,856,992 Est. Cost $8.81 Unrealized +175.0%

APO APOLLO GLOBAL MGMT INC 12.1%

Value $40.76M Shares 297,652 Est. Cost $61.07 Unrealized +148.6%

WEST WESTROCK COFFEE CO 8.7%

Value $29.22M Shares 4,047,562 Est. Cost $10.46 Unrealized -37.3%

PGR PROGRESSIVE CORP OHIO 7.1%

Value $23.94M Shares 84,608 Est. Cost $66.11 Unrealized +271.1%

AZO AUTOZONE INC 6.7%

Value $22.68M Shares 5,947 Est. Cost $629.40 Unrealized +448.2%

— ALPHABET INC CAP STK 5.3%

Value $17.75M Shares 113,643 Est. Cost $141.32 Unrealized —

DAR DARLING INGREDIENTS INC 4.1%

Value $13.86M Shares 443,575 Est. Cost $28.10 Unrealized +24.5%

LEN/B LENNAR CORP 3.8%

Value $12.79M Shares 117,285 Est. Cost $86.85 Unrealized +34.6%

STWD STARWOOD PPTY TR INC 3.6%

Value $12.24M Shares 619,160 Est. Cost $21.94 Unrealized —

AXP AMERICAN EXPRESS CO 3.3%

Value $11.08M Shares 41,190 Est. Cost $108.90 Unrealized +168.6%

EG EVEREST RE GROUP LTD 3.1%

Value $10.59M Shares 29,145 Est. Cost $263.59 Unrealized +32.7%

RRC RANGE RES CORP 3.1%

Value $10.58M Shares 264,993 Est. Cost $35.42 Unrealized +8.6%

FHN FIRST HORIZON NATL CORP 2.7%

Value $9.232M Shares 475,375 Est. Cost $11.98 Unrealized +67.2%

AIG AMERICAN INTL GROUP INC 2.6%

Value $8.755M Shares 100,700 Est. Cost $36.24 Unrealized +110.2%

— ENERGY TRANSFER L P 2.4%

Value $7.919M Shares 426,000 Est. Cost $18.86 Unrealized —

TFIN TRIUMPH FINANCIAL INC 2.2%

Value $7.471M Shares 129,250 Est. Cost $28.80 Unrealized +153.1%

ORI OLD REP INTL CORP 2.2%

Value $7.366M Shares 187,800 Est. Cost $7.98 Unrealized +322.1%

— SITIO ROYALTIES CORP 2.1%

Value $7.221M Shares 363,439 Est. Cost $26.94 Unrealized —

— KINDER MORGAN INC DEL 1.8%

Value $6.166M Shares 216,125 Est. Cost $21.30 Unrealized —

FIHL FIDELIS INSURANCE HOLDINGS LTD 1.4%

Value $4.86M Shares 300,000 Est. Cost $17.30 Unrealized -8.6%

HIG HARTFORD FINL SVCS CORP 1.3%

Value $4.331M Shares 35,000 Est. Cost $60.45 Unrealized +86.8%

EQH EQUITABLE HOLDINGS INC 1.2%

Value $3.907M Shares 75,000 Est. Cost $45.08 Unrealized +13.9%

— TRAVELERS GROUP INC 1.0%

Value $3.438M Shares 13,000 Est. Cost $108.15 Unrealized —

ESNT ESSENT GROUP LTD 1.0%

Value $3.314M Shares 57,413 Est. Cost $29.75 Unrealized +88.7%

RWT REDWOOD TRUST INC 0.8%

Value $2.617M Shares 431,100 Est. Cost $7.17 Unrealized —

ARLP ALLIANCE RESOURCE PARTNERS L 0.6%

Value $1.92M Shares 70,400 Est. Cost $21.03 Unrealized —

MRP MILLROSE PPTYS INC 0.5%

Value $1.642M Shares 61,937 Est. Cost $26.51 Unrealized —

KO COCA COLA CO 0.3%

Value $936K Shares 13,064 Est. Cost $28.30 Unrealized +129.6%

NMIH NMI HOLDINGS INC 0.3%

Value $873K Shares 24,210 Est. Cost $26.45 Unrealized +37.5%

MSFT MICROSOFT CORP 0.2%

Value $563K Shares 1,500 Est. Cost $140.49 Unrealized +188.3%

— TIPTREE INC 0.1%

Value $500K Shares 20,746 Est. Cost $14.11 Unrealized —

AAPL APPLE INC 0.1%

Value $467K Shares 2,100 Est. Cost $100.85 Unrealized +128.8%

BRK/B BERKSHIRE HATHAWAY INC 0.1%

Value $442K Shares 830 Est. Cost $186.83 Unrealized +160.2%

RF REGIONS FINANCIAL CORP 0.1%

Value $418K Shares 19,235 Est. Cost $5.80 Unrealized +286.5%

HOMB HOME BANCSHARES INC 0.1%

Value $283K Shares 10,000 Est. Cost $18.63 Unrealized +56.9%

— NVIDIA CORP 0.1%

Value $218K Shares 2,014 Est. Cost $123.63 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MTG	MGIC INVESTMENT CORP	1,856,992	$46.02M	13.7%	$8.81	+175.0%	—	552848103
APO	APOLLO GLOBAL MGMT INC	297,652	$40.76M	12.1%	$61.07	+148.6%	—	03769M106
WEST	WESTROCK COFFEE CO	4,047,562	$29.22M	8.7%	$10.46	-37.3%	—	96145W103
PGR	PROGRESSIVE CORP OHIO	84,608	$23.94M	7.1%	$66.11	+271.1%	—	743315103
AZO	AUTOZONE INC	5,947	$22.68M	6.7%	$629.40	+448.2%	—	053332102
—	ALPHABET INC CAP STK	113,643	$17.75M	5.3%	$141.32	—	—	02079k107
DAR	DARLING INGREDIENTS INC	443,575	$13.86M	4.1%	$28.10	+24.5%	—	237266101
LEN/B	LENNAR CORP	117,285	$12.79M	3.8%	$86.85	+34.6%	—	526057302
STWD	STARWOOD PPTY TR INC	619,160	$12.24M	3.6%	$21.94	—	—	85571B105
AXP	AMERICAN EXPRESS CO	41,190	$11.08M	3.3%	$108.90	+168.6%	—	025816109
EG	EVEREST RE GROUP LTD	29,145	$10.59M	3.1%	$263.59	+32.7%	—	G3223R108
RRC	RANGE RES CORP	264,993	$10.58M	3.1%	$35.42	+8.6%	—	75281A109
FHN	FIRST HORIZON NATL CORP	475,375	$9.232M	2.7%	$11.98	+67.2%	—	320517105
AIG	AMERICAN INTL GROUP INC	100,700	$8.755M	2.6%	$36.24	+110.2%	—	026874784
—	ENERGY TRANSFER L P	426,000	$7.919M	2.4%	$18.86	—	—	29273v100
TFIN	TRIUMPH FINANCIAL INC	129,250	$7.471M	2.2%	$28.80	+153.1%	—	89679E300
ORI	OLD REP INTL CORP	187,800	$7.366M	2.2%	$7.98	+322.1%	—	680223104
—	SITIO ROYALTIES CORP	363,439	$7.221M	2.1%	$26.94	—	—	82983n108
—	KINDER MORGAN INC DEL	216,125	$6.166M	1.8%	$21.30	—	—	49456b101
FIHL	FIDELIS INSURANCE HOLDINGS LTD	300,000	$4.86M	1.4%	$17.30	-8.6%	—	G3398L118
HIG	HARTFORD FINL SVCS CORP	35,000	$4.331M	1.3%	$60.45	+86.8%	—	416515104
EQH	EQUITABLE HOLDINGS INC	75,000	$3.907M	1.2%	$45.08	+13.9%	—	29452E101
—	TRAVELERS GROUP INC	13,000	$3.438M	1.0%	$108.15	—	—	894190107
ESNT	ESSENT GROUP LTD	57,413	$3.314M	1.0%	$29.75	+88.7%	—	G3198U102
RWT	REDWOOD TRUST INC	431,100	$2.617M	0.8%	$7.17	—	—	758075402
ARLP	ALLIANCE RESOURCE PARTNERS L	70,400	$1.92M	0.6%	$21.03	—	—	01877R108
MRP	MILLROSE PPTYS INC	61,937	$1.642M	0.5%	$26.51	—	—	601137102
KO	COCA COLA CO	13,064	$936K	0.3%	$28.30	+129.6%	—	191216100
NMIH	NMI HOLDINGS INC	24,210	$873K	0.3%	$26.45	+37.5%	—	629209305
MSFT	MICROSOFT CORP	1,500	$563K	0.2%	$140.49	+188.3%	—	594918104
—	TIPTREE INC	20,746	$500K	0.1%	$14.11	—	—	88822q103
AAPL	APPLE INC	2,100	$467K	0.1%	$100.85	+128.8%	—	037833100
BRK/B	BERKSHIRE HATHAWAY INC	830	$442K	0.1%	$186.83	+160.2%	—	084670702
RF	REGIONS FINANCIAL CORP	19,235	$418K	0.1%	$5.80	+286.5%	—	7591EP100
HOMB	HOME BANCSHARES INC	10,000	$283K	0.1%	$18.63	+56.9%	—	436893200
—	NVIDIA CORP	2,014	$218K	0.1%	$123.63	—	—	67066g104