SEC 13F Intelligence

Managers / Q3 2024 · view latest →

NFC Investments, LLC

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

Reported Value
$348M
Q3 2024
Positions
35
Filings on Record
29
2019–present window
Filed
Nov 14, 2024
original filing

Summary

Nfc Investments, LLC reported $348M in U.S.-listed holdings across 35 positions for Q3 2024.

Its largest position, APO, represents 14.9% of the portfolio.

Compared with Q2 2024, the fund opened 0 new positions and exited 1.

Portfolio Metrics

Turnover
+7.9%
vs prior filed quarter
Top-10 Concentration
+73.6%
share of reported value
Largest Position
+14.9%
Apollo Global Mgmt

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: 78.0%Other: 16.7%REIT: 4.8%MLP: 0.5%
  • Common Stock · 78.0% · $271M
  • Other · 16.7% · $58M
  • REIT · 4.8% · $17M
  • MLP · 0.5% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
RWTREDWOOD TRUST INCADDED+272.0K485.0K+$2M$4M
LBRDKLIBERTY BROADBAND CORPSOLD OUT−259.6K0−$14M$0
AAPLAPPLE INCTRIMMED−1.1K2.1K−$175,000$489,000
WESTWESTROCK COFFEE COADDED+588.2K4.04M−$9M$26M
PINNACLE FINL PARTNERSTRIMMED−3002.2K+$16,000$216,000
ENSTAR GROUP LIMITEDTRIMMED−7.3K66.0K−$1M$21M
KINDER MORGAN INC DELHELD+8.7K184.0K+$582,000$4M
ENERGY TRANSFER L PHELD+2.1K57.0K+$25,000$915,000

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

Holdings — Q3 2024

35 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1APOAPOLLO GLOBAL MGMT INChistory →COM14.87%$52M414.3K
2MTGMGIC INVESTMENT CORPhistory →CORP13.96%$49M1.90M
3WESTWESTROCK COFFEE COhistory →COM7.55%$26M4.04M
4PGRPROGRESSIVE CORP OHIOhistory →COM6.40%$22M87.8K
5ENSTAR GROUP LIMITEDSHS6.09%$21M66.0K
6ALPHABET INC CAP STKCL A5.71%$20M118.9K
7AZOAUTOZONE INChistory →COM5.62%$20M6.2K
8DARDARLING INGREDIENTS INChistory →COM5.11%$18M479.0K
9LEN/BLENNAR CORPhistory →CL B4.54%$16M91.4K
10STWDSTARWOOD PPTY TR INChistory →COM3.72%$13M635.9K
11EGEVEREST RE GROUP LTDhistory →COM3.43%$12M30.4K
12AXPAMERICAN EXPRESS COhistory →COM3.32%$12M42.6K
13TFINTRIUMPH FINANCIAL INChistory →COM3.15%$11M137.9K
14SITIO ROYALTIES CORPCL A2.37%$8M395.2K
15FHNFIRST HORIZON NATL CORPhistory →COM2.22%$8M497.1K
16AIGAMERICAN INTL GROUP INChistory →COM2.17%$8M103.1K
17ORIOLD REP INTL CORPhistory →COM1.96%$7M193.0K
18HIGHARTFORD FINL SVCS CORPhistory →COM1.18%$4M35.0K
19KINDER MORGAN INC DELCOM1.17%$4M184.0K
20RWTREDWOOD TRUST INChistory →COM1.08%$4M485.0K
21ESNTESSENT GROUP LTDhistory →COM1.04%$4M56.5K
22TRAVELERS GROUP INCCOM0.87%$3M13.0K
23ARLPALLIANCE RESOURCE PARTNERS LUT LTD PART0.50%$2M69.8K
24NMIHNMI HOLDINGS INCCL A0.29%$1M24.8K
25KOCOCA COLA COCOM0.27%$939,00013.1K
26ENERGY TRANSFER L PCOM UT LTD PTN0.26%$915,00057.0K
27KKRKKR & CO INCCL A0.19%$671,0005.1K
28MSFTMICROSOFT CORPCORP0.19%$645,0001.5K
29BRK/BBERKSHIRE HATHAWAY INCCL B0.16%$546,0001.2K
30AAPLAPPLE INCCOM0.14%$489,0002.1K
31RFREGIONS FINANCIAL CORPCOM0.13%$449,00019.2K
32TIPTREE INCCOM0.12%$429,00021.9K
33HOMBHOME BANCSHARES INCCOM0.08%$271,00010.0K
34NVIDIA CORPCOM0.07%$245,0002.0K
35PINNACLE FINL PARTNERSCOM0.06%$216,0002.2K

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 ↗.