SEC 13F Intelligence

Managers / Q3 2022 · view latest →

NFC Investments, LLC

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

Reported Value
$371M
Q3 2022
Positions
36
Filings on Record
29
2019–present window
Filed
Nov 15, 2022
original filing

Summary

Nfc Investments, LLC reported $371M in U.S.-listed holdings across 36 positions for Q3 2022.

Its largest position, Archaea Energy, represents 13.0% of the portfolio.

Compared with Q2 2022, the fund opened 2 new positions and exited 1.

Portfolio Metrics

Turnover
+9.2%
vs prior filed quarter
Top-10 Concentration
+67.5%
share of reported value
Largest Position
+13.0%
Archaea Energy
New / Exited
2 / 1
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: 67.4%Other: 27.7%REIT: 4.9%
  • Common Stock · 67.4% · $250M
  • Other · 27.7% · $103M
  • REIT · 4.9% · $18M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
WESTWESTROCK COFFEE CONEW+1.95M1.95M+$20M$20M
CHTRCHARTER COMMUNICATIONSNEW+14.5K14.5K+$4M$4M
ALPHABET INC CAP STKADDED+164.6K173.3K−$2M$17M
ADXADAMS DIVERSIFIED EQUITY FDSOLD OUT−59.5K0−$912,000$0
VERISIGN INCTRIMMED−5.9K7.6K−$943,000$1M
LBRDKLIBERTY BROADBAND CORPTRIMMED−58.8K132.0K−$12M$10M
MSFTMICROSOFT CORPTRIMMED−1501.8K−$83,000$424,000
STORE CAP CORPTRIMMED−12.1K174.5K+$601,000$5M

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

Holdings — Q3 2022

35 positions (from 36 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ARCHAEA ENERGY INCCOM CL A12.99%$48M2.68M
2MTGMGIC INVESTMENT CORPhistory →CORP8.91%$33M2.58M
3DARDARLING INGREDIENTS INChistory →COM8.90%$33M499.6K
4APOAPOLLO GLOBAL MGMT INChistory →COM7.55%$28M602.8K
5AZOAUTOZONE INChistory →COM6.41%$24M11.1K
6WESTWESTROCK COFFEE COhistory →COM5.43%$20M1.95M
7ENSTAR GROUP LIMITEDSHS5.34%$20M117.0K
8ALPHABET INC CAP STKCL A4.49%$17M173.3K
9PGRPROGRESSIVE CORP OHIOhistory →COM4.00%$15M127.8K
10AIGAMERICAN INTL GROUP INChistory →COM3.49%$13M272.9K
11STWDSTARWOOD PPTY TR INChistory →COM3.46%$13M705.2K
12TFINTRIUMPH BANCORP INChistory →COM3.45%$13M235.7K
13BRIGHAM MINERALS INCCOM CL A2.82%$10M425.2K
14LBRDKLIBERTY BROADBAND CORPhistory →COM SER C2.62%$10M132.0K
15AXPAMERICAN EXPRESS COhistory →COM2.53%$9M69.7K
16LENLENNAR CORPCL A · CL B2.29%$8M121.9K
17COMCAST CORP NEWCL A2.24%$8M283.0K
18ORIOLD REP INTL CORPhistory →COM2.09%$8M371.5K
19RICE ACQUISITION CORP IICL A1.72%$6M647.9K
20ESNTESSENT GROUP LTDhistory →COM1.63%$6M173.8K
21STORE CAP CORPCOM1.47%$5M174.5K
22CHTRCHARTER COMMUNICATIONShistory →COM CL A1.18%$4M14.5K
23EGEVEREST RE GROUP LTDhistory →COM1.13%$4M16.0K
24AGOASSURED GUARANTY LTDhistory →COM1.04%$4M80.0K
25HIGHARTFORD FINL SVCS CORPCOM0.58%$2M35.0K
26TRAVELERS GROUP INCCOM0.54%$2M13.0K
27VERISIGN INCCOM0.35%$1M7.6K
28BRK/BBERKSHIRE HATHAWAY INCCL B0.29%$1M4.1K
29HOMBHOME BANCSHARES INCCOM0.24%$900,00040.0K
30KOCOCA COLA COCOM0.20%$737,00013.2K
31AAPLAPPLE INCCOM0.14%$528,0003.8K
32NMIHNMI HOLDINGS INCCL A0.14%$525,00025.8K
33FHNFIRST HORIZON NATL CORPCOM0.12%$434,00019.0K
34MSFTMICROSOFT CORPCORP0.11%$424,0001.8K
35RFREGIONS FINANCIAL CORPCOM0.10%$386,00019.2K

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 ↗.