NFC Investments, LLC Long-Term Concentrated

Location: Memphis, TN

CIK: 0001512858 · Show all filings

Period: Q2 2025 (← Previous) (Next →)

Filing Date: Aug 12, 2025

Total Value: $350M

Holdings (36)

MTG MGIC INVESTMENT CORP 14.9%

Value $52.22M Shares 1,875,864 Est. Cost $8.98 Unrealized +186.6%

APO APOLLO GLOBAL MGMT INC 12.5%

Value $43.72M Shares 308,147 Est. Cost $63.46 Unrealized +107.0%

PGR PROGRESSIVE CORP OHIO 6.6%

Value $23.09M Shares 86,518 Est. Cost $70.33 Unrealized +266.2%

WEST WESTROCK COFFEE CO 6.6%

Value $22.96M Shares 4,007,981 Est. Cost $10.46 Unrealized -38.3%

AZO AUTOZONE INC 6.5%

Value $22.61M Shares 6,091 Est. Cost $701.66 Unrealized +425.3%

— ALPHABET INC CAP STK 6.0%

Value $21.07M Shares 118,796 Est. Cost $142.88 Unrealized —

DAR DARLING INGREDIENTS INC 5.2%

Value $18.13M Shares 477,963 Est. Cost $28.45 Unrealized +15.7%

AXP AMERICAN EXPRESS CO 3.9%

Value $13.62M Shares 42,685 Est. Cost $114.87 Unrealized +143.2%

STWD STARWOOD PPTY TR INC 3.8%

Value $13.13M Shares 654,344 Est. Cost $21.84 Unrealized —

LEN/B LENNAR CORP 3.6%

Value $12.64M Shares 120,140 Est. Cost $87.20 Unrealized +16.8%

RRC RANGE RES CORP 3.3%

Value $11.38M Shares 279,942 Est. Cost $35.54 Unrealized +6.0%

FHN FIRST HORIZON NATL CORP 2.9%

Value $10.19M Shares 480,675 Est. Cost $12.05 Unrealized +55.1%

EG EVEREST RE GROUP LTD 2.8%

Value $9.92M Shares 29,190 Est. Cost $263.59 Unrealized +30.4%

AIG AMERICAN INTL GROUP INC 2.5%

Value $8.81M Shares 102,938 Est. Cost $37.24 Unrealized +120.2%

— ENERGY TRANSFER L P 2.3%

Value $8.012M Shares 441,940 Est. Cost $18.84 Unrealized —

TFIN TRIUMPH FINANCIAL INC 2.1%

Value $7.51M Shares 136,275 Est. Cost $30.19 Unrealized +84.4%

ORI OLD REP INTL CORP 2.1%

Value $7.208M Shares 187,500 Est. Cost $7.98 Unrealized +336.8%

— KINDER MORGAN INC DEL 1.9%

Value $6.663M Shares 226,644 Est. Cost $21.68 Unrealized —

FIHL FIDELIS INSURANCE HOLDINGS LTD 1.5%

Value $5.093M Shares 307,150 Est. Cost $17.28 Unrealized -4.7%

— SITIO ROYALTIES CORP 1.4%

Value $4.847M Shares 263,723 Est. Cost $26.94 Unrealized —

HIG HARTFORD FINL SVCS CORP 1.3%

Value $4.44M Shares 35,000 Est. Cost $60.45 Unrealized +103.3%

EQH EQUITABLE HOLDINGS INC 1.2%

Value $4.224M Shares 75,300 Est. Cost $45.08 Unrealized +12.4%

ESNT ESSENT GROUP LTD 1.0%

Value $3.487M Shares 57,428 Est. Cost $29.75 Unrealized +93.1%

RWT REDWOOD TRUST INC 0.8%

Value $2.873M Shares 486,181 Est. Cost $7.03 Unrealized —

— TRAVELERS GROUP INC 0.7%

Value $2.478M Shares 13,000 Est. Cost $108.15 Unrealized —

MRP MILLROSE PPTYS INC 0.7%

Value $2.275M Shares 79,784 Est. Cost $26.96 Unrealized —

ARLP ALLIANCE RESOURCE PARTNERS L 0.5%

Value $1.84M Shares 70,400 Est. Cost $21.03 Unrealized —

NMIH NMI HOLDINGS INC 0.3%

Value $1.017M Shares 24,110 Est. Cost $26.45 Unrealized +42.1%

KO COCA COLA CO 0.3%

Value $924K Shares 13,064 Est. Cost $28.30 Unrealized +146.6%

MSFT MICROSOFT CORP 0.2%

Value $746K Shares 1,500 Est. Cost $140.49 Unrealized +207.8%

BRK/B BERKSHIRE HATHAWAY INC 0.2%

Value $576K Shares 834 Est. Cost $186.83 Unrealized +171.8%

— TIPTREE INC 0.2%

Value $525K Shares 22,246 Est. Cost $14.75 Unrealized —

RF REGIONS FINANCIAL CORP 0.1%

Value $452K Shares 19,235 Est. Cost $5.80 Unrealized +255.1%

AAPL APPLE INC 0.1%

Value $431K Shares 2,101 Est. Cost $100.85 Unrealized +99.7%

— NVIDIA CORP 0.1%

Value $318K Shares 2,014 Est. Cost $123.63 Unrealized —

HOMB HOME BANCSHARES INC 0.1%

Value $285K Shares 10,000 Est. Cost $18.63 Unrealized +49.3%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MTG	MGIC INVESTMENT CORP	1,875,864	$52.22M	14.9%	$8.98	+186.6%	—	552848103
APO	APOLLO GLOBAL MGMT INC	308,147	$43.72M	12.5%	$63.46	+107.0%	—	03769M106
PGR	PROGRESSIVE CORP OHIO	86,518	$23.09M	6.6%	$70.33	+266.2%	—	743315103
WEST	WESTROCK COFFEE CO	4,007,981	$22.96M	6.6%	$10.46	-38.3%	—	96145W103
AZO	AUTOZONE INC	6,091	$22.61M	6.5%	$701.66	+425.3%	—	053332102
—	ALPHABET INC CAP STK	118,796	$21.07M	6.0%	$142.88	—	—	02079k107
DAR	DARLING INGREDIENTS INC	477,963	$18.13M	5.2%	$28.45	+15.7%	—	237266101
AXP	AMERICAN EXPRESS CO	42,685	$13.62M	3.9%	$114.87	+143.2%	—	025816109
STWD	STARWOOD PPTY TR INC	654,344	$13.13M	3.8%	$21.84	—	—	85571B105
LEN/B	LENNAR CORP	120,140	$12.64M	3.6%	$87.20	+16.8%	—	526057302
RRC	RANGE RES CORP	279,942	$11.38M	3.3%	$35.54	+6.0%	—	75281A109
FHN	FIRST HORIZON NATL CORP	480,675	$10.19M	2.9%	$12.05	+55.1%	—	320517105
EG	EVEREST RE GROUP LTD	29,190	$9.92M	2.8%	$263.59	+30.4%	—	G3223R108
AIG	AMERICAN INTL GROUP INC	102,938	$8.81M	2.5%	$37.24	+120.2%	—	026874784
—	ENERGY TRANSFER L P	441,940	$8.012M	2.3%	$18.84	—	—	29273v100
TFIN	TRIUMPH FINANCIAL INC	136,275	$7.51M	2.1%	$30.19	+84.4%	—	89679E300
ORI	OLD REP INTL CORP	187,500	$7.208M	2.1%	$7.98	+336.8%	—	680223104
—	KINDER MORGAN INC DEL	226,644	$6.663M	1.9%	$21.68	—	—	49456b101
FIHL	FIDELIS INSURANCE HOLDINGS LTD	307,150	$5.093M	1.5%	$17.28	-4.7%	—	G3398L118
—	SITIO ROYALTIES CORP	263,723	$4.847M	1.4%	$26.94	—	—	82983n108
HIG	HARTFORD FINL SVCS CORP	35,000	$4.44M	1.3%	$60.45	+103.3%	—	416515104
EQH	EQUITABLE HOLDINGS INC	75,300	$4.224M	1.2%	$45.08	+12.4%	—	29452E101
ESNT	ESSENT GROUP LTD	57,428	$3.487M	1.0%	$29.75	+93.1%	—	G3198U102
RWT	REDWOOD TRUST INC	486,181	$2.873M	0.8%	$7.03	—	—	758075402
—	TRAVELERS GROUP INC	13,000	$2.478M	0.7%	$108.15	—	—	894190107
MRP	MILLROSE PPTYS INC	79,784	$2.275M	0.7%	$26.96	—	—	601137102
ARLP	ALLIANCE RESOURCE PARTNERS L	70,400	$1.84M	0.5%	$21.03	—	—	01877R108
NMIH	NMI HOLDINGS INC	24,110	$1.017M	0.3%	$26.45	+42.1%	—	629209305
KO	COCA COLA CO	13,064	$924K	0.3%	$28.30	+146.6%	—	191216100
MSFT	MICROSOFT CORP	1,500	$746K	0.2%	$140.49	+207.8%	—	594918104
BRK/B	BERKSHIRE HATHAWAY INC	834	$576K	0.2%	$186.83	+171.8%	—	084670702
—	TIPTREE INC	22,246	$525K	0.2%	$14.75	—	—	88822q103
RF	REGIONS FINANCIAL CORP	19,235	$452K	0.1%	$5.80	+255.1%	—	7591EP100
AAPL	APPLE INC	2,101	$431K	0.1%	$100.85	+99.7%	—	037833100
—	NVIDIA CORP	2,014	$318K	0.1%	$123.63	—	—	67066g104
HOMB	HOME BANCSHARES INC	10,000	$285K	0.1%	$18.63	+49.3%	—	436893200