SEC 13F Intelligence

Managers / Q3 2025 · view latest →

NFC Investments, LLC

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

Reported Value
$345M
Q3 2025
Positions
43
Filings on Record
29
2019–present window
Filed
Nov 12, 2025
original filing

Summary

Nfc Investments, LLC reported $345M in U.S.-listed holdings across 43 positions for Q3 2025.

Its largest position, MTG, represents 14.8% of the portfolio.

Compared with Q2 2025, the fund opened 9 new positions and exited 2.

Portfolio Metrics

Turnover
+9.1%
vs prior filed quarter
Top-10 Concentration
+68.4%
share of reported value
Largest Position
+14.8%
Mgic Investment
New / Exited
9 / 2
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: 75.2%Other: 18.8%REIT: 5.3%MLP: 0.5%ETP: 0.1%
  • Common Stock · 75.2% · $260M
  • Other · 18.8% · $65M
  • REIT · 5.3% · $18M
  • MLP · 0.5% · $2M
  • ETP · 0.1% · $491,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TARGA RES CORPNEW+50.6K50.6K+$8M$8M
VNOMVIPER ENERGY INCNEW+128.8K128.8K+$5M$5M
KKR & CO INCNEW+4.9K4.9K+$642,000$642,000
MGKVANGUARD WORLD FDNEW+704704+$283,000$283,000
INVESCO QQQ TRNEW+450450+$270,000$270,000
FEDEX CORPNEW+1.1K1.1K+$253,000$253,000
ALPHABET INC CAP STKNEW+930930+$226,000$226,000
ONEQFIDELITY COMWLTHNEW+2.3K2.3K+$208,000$208,000

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

Holdings — Q3 2025

42 positions (from 43 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MTGMGIC INVESTMENT CORPhistory →CORP14.85%$51M1.81M
2APOAPOLLO GLOBAL MGMT INChistory →COM11.37%$39M294.8K
3ALPHABET INC CAP STKCL C · CL A7.85%$27M111.4K
4AZOAUTOZONE INChistory →COM7.03%$24M5.7K
5PGRPROGRESSIVE CORP OHIOhistory →COM5.91%$20M82.6K
6WESTWESTROCK COFFEE COhistory →COM5.75%$20M4.09M
7DARDARLING INGREDIENTS INChistory →COM4.16%$14M465.8K
8LEN/BLENNAR CORPhistory →CL B3.96%$14M114.0K
9AXPAMERICAN EXPRESS COhistory →COM3.81%$13M39.6K
10STWDSTARWOOD PPTY TR INChistory →COM3.72%$13M663.6K
11EGEVEREST RE GROUP LTDhistory →COM3.10%$11M29.3K
12RRCRANGE RES CORPhistory →COM2.95%$10M270.5K
13FIDELIS INSURANCE HOLDINGS LTDCOM2.82%$10M536.4K
14TARGA RES CORPCOM2.45%$8M50.6K
15AIGAMERICAN INTL GROUP INChistory →COM2.34%$8M102.9K
16ENERGY TRANSFER L PCOM UT LTD PTN2.20%$8M441.9K
17ORIOLD REP INTL CORPhistory →COM1.94%$7M157.5K
18KINDER MORGAN INC DELCOM1.87%$6M227.7K
19TFINTRIUMPH FINANCIAL INChistory →COM1.85%$6M127.9K
20VNOMVIPER ENERGY INChistory →CL A1.42%$5M128.8K
21HIGHARTFORD FINL SVCS CORPhistory →COM1.35%$5M35.0K
22EQHEQUITABLE HOLDINGS INChistory →COM1.11%$4M75.3K
23TRAVELERS GROUP INCCOM1.05%$4M13.0K
24ESNTESSENT GROUP LTDCOM0.96%$3M52.0K
25RWTREDWOOD TRUST INCCOM0.84%$3M499.3K
26MRPMILLROSE PPTYS INCCOM0.77%$3M79.6K
27ARLPALLIANCE RESOURCE PARTNERS LUT LTD PART0.52%$2M70.4K
28NMIHNMI HOLDINGS INCCL A0.27%$924,00024.1K
29KOCOCA COLA COCOM0.24%$842,00012.7K
30MSFTMICROSOFT CORPCORP0.22%$769,0001.5K
31KKR & CO INCCL A0.19%$642,0004.9K
32BRK/BBERKSHIRE HATHAWAY INCCL B0.17%$591,0001.2K
33AAPLAPPLE INCCOM0.15%$530,0002.1K
34RFREGIONS FINANCIAL CORPCOM0.15%$507,00019.2K
35TIPTREE INCCOM0.12%$426,00022.2K
36NVIDIA CORPCOM0.11%$376,0002.0K
37MGKVANGUARD WORLD FDMEGA GRWTH IND0.08%$283,000704
38HOMBHOME BANCSHARES INCCOM0.08%$283,00010.0K
39INVESCO QQQ TRUNIT SER10.08%$270,000450
40FEDEX CORPCOM0.07%$253,0001.1K
41ONEQFIDELITY COMWLTHNASDAQ COMPSIT0.06%$208,0002.3K
42PGPROCTOR & GAMBLE COCOM0.06%$206,0001.3K

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 ↗.