NFC Investments, LLC

MEMPHIS, TN · CIK 1512858 · 13F filing filed 2026-08-13

SEC-registered investment adviser since 2004 · limited liability company

Assets managed$2.1bn
Staff9 · 5 in investment roles
Main clients (by assets)Insurers 42%, High net worth individuals 24%, Companies 19%
Private funds6 (2 hedge) · $364.9m gross assets
Websitenfcinvestments.com
Form ADV · 2026-02-06SEC adviser record

Kindhedge funds, private equity, institutions
Others nearbyMemphis, TN

As an employer

Offices in1 country
Private fundshedge 2, private equity 3, other private 1

$393.2m reported value +9.5% vs Q1 2026

43positions

63.9%in top 10

2 new 16 added 14 reduced 0 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	MGIC INVT CORP WIS COM MTG	MTG	1,552,750	$43.8m11.14%	11.14%	Reduced -213.9k	-213,851 -12.1%
2	APOLLO GLOBAL MGMT INC COM APO	APO	303,258	$35.9m9.12%	9.12%	Added +207	+207 0.1%
3	ALPHABET INC CAP STK CL C GOOG	GOOG	89,814	$31.7m8.07%	8.07%	Reduced -918	-918 -1.0%
4	PROGRESSIVE CORP COM PGR	PGR	129,806	$28.4m7.21%	7.21%	Added +165	+165 0.1%
5	DARLING INGREDIENTS INC COM DAR	DAR	444,295	$24.3m6.17%	6.17%	Reduced -5.4k	-5,395 -1.2%
6	FIDELIS INSURANCE HOLDINGS L COM PLGO	PLGO	918,112	$22.4m5.69%	5.69%	Added +1.7k	+1,700 0.2%
7	AUTOZONE INC COM AZO	AZO	5,906	$18.9m4.80%	4.80%	Added +282	+282 5.0%
8	WESTROCK COFFEE CO COM WEST	WEST	2,066,711	$16.8m4.26%	4.26%	Reduced -1.5m	-1,463,037 -41.5%
9	TARGA RES CORP COM TRGP	TRGP	59,147	$15.9m4.03%	4.03%	Reduced -7.4k	-7,354 -11.1%
10	STARWOOD PPTY TR INC COM STWD	STWD	826,096	$13.5m3.44%	3.44%	Added +153.6k	+153,582 22.8%
11	TOLL BROTHERS INC COM TOL	TOL	79,764	$13.1m3.34%	3.34%	Added +626	+626 0.8%
12	AMERICAN EXPRESS CO COM AXP	AXP	38,050	$12.9m3.27%	3.27%	Reduced -80	-80 -0.2%
13	ENERGY TRANSFER L P COM UT LTD PTN ET	ET	614,758	$11.8m2.99%	2.99%	Added +137.0k	+137,001 28.7%
14	RYAN SPECIALTY HOLDINGS INC CL A RYAN	RYAN	293,952	$11.1m2.82%	2.82%	New
15	U HAUL HOLDING COMPANY COM SER N UHAL.B	UHAL.B	180,087	$10.4m2.64%	2.64%	Added +1.7k	+1,714 1.0%
16	EVEREST GROUP LTD COM EG	EG	29,066	$10.4m2.64%	2.64%	Reduced -57	-57 -0.2%
17	TRIUMPH FINANCIAL INC COM TFIN	TFIN	127,238	$9.7m2.47%	2.47%	Reduced -295	-295 -0.2%
18	RANGE RES CORP COM RRC	RRC	258,162	$9.6m2.44%	2.44%	Reduced -6.8k	-6,796 -2.6%
19	CAPITAL ONE FINL CORP COM COF	COF	45,631	$9.2m2.33%	2.33%	Added +612	+612 1.4%
20	KINDER MORGAN INC DEL COM KMI	KMI	212,090	$6.8m1.72%	1.72%	Reduced -460	-460 -0.2%
21	OLD REP INTL CORP COM ORI	ORI	152,850	$6.3m1.59%	1.59%	Reduced -400	-400 -0.3%
22	VIPER ENERGY INC CL A VNOM	VNOM	127,288	$5.4m1.37%	1.37%	Added +4.8k	+4,758 3.9%
23	HARTFORD INSURANCE GROUP INC COM HIG	HIG	35,000	$4.6m1.18%	1.18%	Unchanged
24	TRAVELERS GROUP INC COM COM		13,000	$4.3m1.09%	1.09%	Unchanged
25	ESSENT GROUP LTD COM ESNT	ESNT	45,615	$2.9m0.75%	0.75%	Reduced -3.5k	-3,518 -7.2%
26	REDWOOD TRUST INC COM RWT	RWT	457,691	$2.2m0.55%	0.55%	Reduced -16.8k	-16,803 -3.5%
27	ALLIANCE RESOURCE PARTNERS L UT LTD PART ARLP	ARLP	75,700	$1.8m0.46%	0.46%	Added +10.0k	+10,000 15.2%
28	FIRST HORIZON CORPORATION COM FHN	FHN	60,520	$1.6m0.39%	0.39%	Unchanged
29	MILLROSE PPTYS INC COM CL A MRP	MRP	35,477	$1.1m0.27%	0.27%	Added +4.5k	+4,485 14.5%
30	COCA COLA CO COM KO	KO	12,500	$1.0m0.26%	0.26%	Unchanged
31	NMI HLDGS INC COM NMIH	NMIH	16,620	$683.0k0.17%	0.17%	Unchanged
32	REGIONS FINANCIAL CORP NEW COM RF	RF	19,235	$581.0k0.15%	0.15%	Unchanged
33	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	1,145	$573.0k0.15%	0.15%	Reduced -31	-31 -2.6%
34	VANGUARD WORLD FD MEGA GRWTH IND MGK	MGK	6,300	$554.0k0.14%	0.14%	Added +2.8k	+2,780 79.0%
35	BANK AMERICA CORP COM BAC	BAC	8,347	$476.0k0.12%	0.12%	Unchanged
36	MICROSOFT CORP COM MSFT	MSFT	1,275	$476.0k0.12%	0.12%	Added +41	+41 3.3%
37	KKR & CO INC COM KKR	KKR	5,000	$459.0k0.12%	0.12%	Added +250	+250 5.3%
38	APPLE INC COM AAPL	AAPL	1,440	$417.0k0.11%	0.11%	Unchanged
39	FEDEX CORP COM FDX	FDX	1,079	$338.0k0.09%	0.09%	Added +2	+2 0.2%
40	ALPHABET INC CAP STK CL A GOOGL	GOOGL	930	$333.0k0.08%	0.08%	Unchanged
41	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	450	$331.0k0.08%	0.08%	Unchanged
42	PINNACLE FINL PARTNERS INC COM PNFP	PNFP	3,014	$304.0k0.08%	0.08%	Unchanged
43	FIDELITY COMWLTH TR NASDAQ COMPSIT ONEQ	ONEQ	2,330	$241.0k0.06%	0.06%	New