SEC 13F Intelligence

Managers / Q2 2021 · view latest →

NFC Investments, LLC

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

Reported Value
$380M
Q2 2021
Positions
46
Filings on Record
29
2019–present window
Filed
Aug 26, 2021
amendment (RESTATEMENT)

Summary

Nfc Investments, LLC reported $380M in U.S.-listed holdings across 46 positions for Q2 2021.

Its largest position, DAR, represents 11.8% of the portfolio.

Compared with Q1 2021, the fund opened 3 new positions and exited 4.

Portfolio Metrics

Turnover
+9.4%
vs prior filed quarter
Top-10 Concentration
+67.0%
share of reported value
Largest Position
+11.8%
Darling Ingredients
New / Exited
3 / 4
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: 58.3%Other: 34.6%REIT: 6.4%Closed-End Fund: 0.7%
  • Common Stock · 58.3% · $222M
  • Other · 34.6% · $132M
  • REIT · 6.4% · $24M
  • Closed-End Fund · 0.7% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
RICE ACQUISITION CORPNEW+336.6K336.6K+$6M$6M
RICE ACQUISITION CORP IINEW+555.1K555.1K+$6M$6M
LEN/BLENNAR CORPNEW+3.5K3.5K+$289,000$289,000
CORECIVIC INCSOLD OUT−692.3K0−$6M$0
CHIMERA INVT CORPSOLD OUT−379.8K0−$5M$0
PENNPENN NATL GAMING INCSOLD OUT−3.3K0−$349,000$0
AMZNAMAZON.COM INCSOLD OUT−1000−$308,000$0
DANIMER SCIENTIFIC INCTRIMMED−286.4K287.3K−$14M$7M

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

Holdings — Q2 2021

46 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1DARDARLING INGREDIENTS INChistory →COM11.75%$45M662.4K
2ATHENE HLDG LTDCL A10.28%$39M579.1K
3MTGMGIC INVESTMENT CORPhistory →CORP9.22%$35M2.58M
4ENSTAR GROUP LIMITEDSHS6.13%$23M97.5K
5LBRDKLIBERTY BROADBAND CORPhistory →COM SER C5.91%$22M129.5K
6ALPHABET INC CAP STKCL A5.71%$22M8.7K
7STWDSTARWOOD PPTY TR INChistory →COM4.84%$18M703.6K
8TFINTRIUMPH BANCORP INChistory →COM4.72%$18M241.6K
9AZOAUTOZONE INChistory →COM4.37%$17M11.1K
10COMCAST CORP NEWCL A4.11%$16M273.9K
11AIGAMERICAN INTL GROUP INChistory →COM3.71%$14M296.4K
12PGRPROGRESSIVE CORP OHIOhistory →COM3.54%$13M137.2K
13AXPAMERICAN EXPRESS COhistory →COM3.01%$11M69.3K
14ORIOLD REP INTL CORPhistory →COM2.46%$9M376.2K
15BRIGHAM MINERALS INCCOM CL A2.31%$9M412.0K
16ESNTESSENT GROUP LTDhistory →COM2.07%$8M175.2K
17VERISIGN INCCOM1.92%$7M32.0K
18DANIMER SCIENTIFIC INCCOM CL A1.89%$7M287.3K
19RICE ACQUISITION CORPCOM CL A1.60%$6M336.6K
20STORE CAP CORPCOM1.58%$6M173.9K
21RICE ACQUISITION CORP IIUNIT 99/99/99991.49%$6M555.1K
22AGOASSURED GUARANTY LTDCOM1.00%$4M80.0K
23EGEVEREST RE GROUP LTDCOM0.73%$3M11.0K
24ADXADAMS DIVERSIFIED EQUITY FDCOM0.70%$3M135.0K
25RNRRENAISSANCE RE HOLDINGS LTDCOM0.61%$2M15.5K
26TRAVELERS GROUP INCCOM0.51%$2M13.0K
27IFFINTERNATIONAL FLAVORS&FRAGRACOM0.48%$2M12.1K
28CORTEVA INCCOM0.47%$2M40.2K
29DUPONT DE NEMOURS INCCOM0.34%$1M16.9K
30HOMBHOME BANCSHARES INCCOM0.32%$1M50.0K
31BRK/BBERKSHIRE HATHAWAY INCCL B0.31%$1M4.3K
32CRD/ACRAWFORD & COCL A0.31%$1M128.5K
33SICSELECT INTERIOR CONCEPTS INCCL A0.24%$923,00098.2K
34KOCOCA COLA COCOM0.19%$712,00013.2K
35NMIHNMI HOLDINGS INCCL A0.17%$650,00028.9K
36MSFTMICROSOFT CORPCORP0.15%$572,0002.1K
37AAPLAPPLE INCCOM0.14%$550,0004.0K
38PINTEREST INCCL A0.11%$421,0005.3K
39FHNFIRST HORIZON NATL CORPCOM0.10%$397,00023.0K
40RFREGIONS FINANCIAL CORPCOM0.10%$388,00019.2K
41METAFACEBOOK INCCL A0.08%$290,000833
42LEN/BLENNAR CORPCL B0.08%$289,0003.5K
43SBUXSTARBUCKS CORPCOM0.07%$276,0002.5K
44PYPLPAYPAL HLDGS INCCOM0.07%$267,000917
45JPMJP MORGAN CHASE& COCOM0.05%$207,0001.3K
46PINNACLE FINL PARTNERSCOM0.05%$203,0002.3K

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 ↗.