SEC 13F Intelligence

Managers / Q1 2026

NFC Investments, LLC

CIK 0001512858 · 700 COLONIAL ROAD, SUITE 101, MEMPHIS, TN, 38117 · 901-767-5576

Reported Value
$359M
Q1 2026
Positions
41
Filings on Record
29
2019–present window
Filed
May 12, 2026
original filing

Summary

Nfc Investments, LLC reported $359M in U.S.-listed holdings across 41 positions for Q1 2026.

Its largest position, MTG, represents 12.9% of the portfolio.

Compared with Q4 2025, the fund opened 4 new positions and exited 6.

Portfolio Metrics

Turnover
+13.2%
vs prior filed quarter
Top-10 Concentration
+66.9%
share of reported value
Largest Position
+12.9%
Mgic Investment
New / Exited
4 / 6
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’19: $339MQ1 ’19Q2 ’19: $350MQ3 ’19: $370MQ4 ’19: $396MQ1 ’20: $242MQ1 ’20Q2 ’20: $259MQ3 ’20: $265MQ4 ’20: $344MQ1 ’21: $376MQ1 ’21Q2 ’21: $380MQ3 ’21: $460MQ4 ’21: $481MQ1 ’22: $446MQ1 ’22Q2 ’22: $369MQ3 ’22: $371MQ4 ’22: $323MQ1 ’23: $269MQ1 ’23Q2 ’23: $304MQ4 ’23: $323MQ1 ’24: $348MQ2 ’24: $349MQ2 ’24Q3 ’24: $348MQ4 ’24: $362MQ1 ’25: $336MQ2 ’25: $350MQ2 ’25Q3 ’25: $345MQ4 ’25: $354MQ1 ’26: $359Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 72.5%Other: 22.7%REIT: 4.2%MLP: 0.5%ETP: 0.1%
  • Common Stock · 72.5% · $260M
  • Other · 22.7% · $82M
  • REIT · 4.2% · $15M
  • MLP · 0.5% · $2M
  • ETP · 0.1% · $259,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TOLTOLL BROTHERS INCNEW+79.1K79.1K+$11M$11M
COFCAPITAL ONE FINANCIAL CORPNEW+45.0K45.0K+$8M$8M
BACBANK OF AMERICA CORPNEW+8.3K8.3K+$407,000$407,000
PNFPPINNACLE FINL PARTNERSNEW+3.0K3.0K+$260,000$260,000
FHNFIRST HORIZON NATIONAL CORPADDED+51.0K60.5K+$1M$1M
LEN/BLENNAR CORPSOLD OUT−113.3K0−$11M$0
EQHEQUITABLE HOLDINGS INCSOLD OUT−75.3K0−$4M$0
TIPTREE INCSOLD OUT−22.2K0−$406,000$0

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

40 positions (from 41 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MTGMGIC INVESTMENT CORPhistory →CORP12.91%$46M1.77M
2APOAPOLLO GLOBAL MGMT INChistory →COM9.40%$34M303.1K
3DARDARLING INGREDIENTS INChistory →COM7.74%$28M449.7K
4ALPHABET INC CAP STKCL C · CL A7.32%$26M91.7K
5PGRPROGRESSIVE CORP OHIOhistory →COM7.16%$26M129.6K
6AZOAUTOZONE INChistory →COM5.29%$19M5.6K
7FIDELIS INSURANCE HOLDINGS LTDCOM4.88%$18M916.4K
8TARGA RES CORPCOM4.64%$17M66.5K
9WESTWESTROCK COFFEE COhistory →COM4.18%$15M3.53M
10RRCRANGE RES CORPhistory →COM3.33%$12M265.0K
11STWDSTARWOOD PPTY TR INChistory →COM3.22%$12M672.5K
12AXPAMERICAN EXPRESS COhistory →COM3.22%$12M38.1K
13TOLTOLL BROTHERS INChistory →COM3.01%$11M79.1K
14EGEVEREST RE GROUP LTDhistory →COM2.65%$10M29.1K
15ENERGY TRANSFER L PCOM UT LTD PTN2.57%$9M477.8K
16COFCAPITAL ONE FINANCIAL CORPhistory →COM2.29%$8M45.0K
17UHAL/BU HAUL HOLDING COMPANYhistory →COM SER N2.22%$8M178.4K
18TFINTRIUMPH FINANCIAL INChistory →COM2.12%$8M127.5K
19KINDER MORGAN INC DELCOM1.98%$7M212.6K
20ORIOLD REP INTL CORPhistory →COM1.70%$6M153.3K
21VNOMVIPER ENERGY INChistory →CL A1.60%$6M122.5K
22HIGHARTFORD FINL SVCS CORPhistory →COM1.32%$5M35.0K
23TRAVELERS GROUP INCCOM1.06%$4M13.0K
24ESNTESSENT GROUP LTDCOM0.80%$3M49.1K
25RWTREDWOOD TRUST INCCOM0.74%$3M474.5K
26ARLPALLIANCE RESOURCE PARTNERS LUT LTD PART0.51%$2M65.7K
27FHNFIRST HORIZON NATIONAL CORPCOM0.38%$1M60.5K
28KOCOCA COLA COCOM0.26%$951,00012.5K
29MRPMILLROSE PPTYS INCCOM0.24%$868,00031.0K
30NMIHNMI HOLDINGS INCCL A0.17%$623,00016.6K
31BRK/BBERKSHIRE HATHAWAY INCCL B0.16%$563,0001.2K
32RFREGIONS FINANCIAL CORPCOM0.14%$502,00019.2K
33MSFTMICROSOFT CORPCORP0.13%$457,0001.2K
34KKR & CO INCCL A0.12%$439,0004.8K
35BACBANK OF AMERICA CORPCOM0.11%$407,0008.3K
36FEDEX CORPCOM0.11%$384,0001.1K
37AAPLAPPLE INCCOM0.10%$366,0001.4K
38INVESCO QQQ TRUNIT SER10.07%$260,000450
39PNFPPINNACLE FINL PARTNERSCOM0.07%$260,0003.0K
40MGKVANGUARD WORLD FDMEGA GRWTH IND0.07%$259,000704

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$359M41May 12, 202613F-HRchanges · EDGAR ↗
Q4 2025$354M43Feb 11, 202613F-HRchanges · EDGAR ↗
Q3 2025$345M43Nov 12, 202513F-HRchanges · EDGAR ↗
Q2 2025$350M36Aug 12, 202513F-HRchanges · EDGAR ↗
Q1 2025$336M36May 14, 202513F-HRchanges · EDGAR ↗
Q4 2024$362M37Feb 10, 202513F-HRchanges · EDGAR ↗
Q3 2024$348M35Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$349M36Aug 12, 202413F-HRchanges · EDGAR ↗
Q1 2024$348M32May 10, 202413F-HRchanges · EDGAR ↗
Q4 2023$323M31Feb 9, 202413F-HRchanges · EDGAR ↗
Q2 2023$304M32Aug 10, 202313F-HRchanges · EDGAR ↗
Q1 2023$269M31May 10, 202313F-HRchanges · EDGAR ↗
Q4 2022$323M34Feb 15, 202313F-HRchanges · EDGAR ↗
Q3 2022$371M36Nov 15, 202213F-HRchanges · EDGAR ↗
Q2 2022$369M35Aug 11, 202213F-HRchanges · EDGAR ↗
Q1 2022$446M38May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$481M42Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$460M44Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$380M46Aug 26, 2021RESTATEMENTchanges · EDGAR ↗
Q1 2021$376M47May 11, 202113F-HRchanges · EDGAR ↗
Q4 2020$344M37Feb 11, 202113F-HRchanges · EDGAR ↗
Q3 2020$265M39Nov 9, 202013F-HRchanges · EDGAR ↗
Q2 2020$259M41Aug 13, 202013F-HRchanges · EDGAR ↗
Q1 2020$242M41May 11, 202013F-HRchanges · EDGAR ↗
Q4 2019$396M41Feb 12, 202013F-HRchanges · EDGAR ↗
Q3 2019$370M39Nov 12, 201913F-HRchanges · EDGAR ↗
Q2 2019$350M39Aug 13, 201913F-HRchanges · EDGAR ↗
Q1 2019$339M35May 15, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.