NFC Investments, LLC

CIK

1512858

Location

MEMPHIS, TN

Portfolio Value

Small $321,014,779

Diversification

Diversified

Filing Date

Global Rank

#3,324 / 8,605 ▲ 197 · as of Mar 2026

Top Industry

Insurance - Specialty 15.5%

3Y Alpha vs SPY

-6.5%

Period ended 3 months ago

Filed May 12, 2026 · 58d

24 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+49.2%

SPY

+76.5%

Annualised alpha

-6.6%

Max drawdown

−20.3%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

37 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

14.4%

−3.0 pts

Top 5

47.6%

−2.5 pts

Top 10

70.2%

−3.4 pts

HHI

669

Diversified−120

Portfolio Trend

24 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	55.5%	$178,117,511	18
Energy	16.4%	$52,566,397	6
Consumer Defensive	13.6%	$43,765,380	3
Consumer Cyclical	9.3%	$29,796,596	2
Real Estate	4.7%	$15,110,378	3
Technology	0.3%	$822,246	2
Industrials	0.1%	$309,110	1
Communication Services	0.1%	$267,430	1
Unclassified	0.1%	$259,731	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

8 positions

Ticker	Company	Δ Shares	Shares	Value
PLGO	Pelagos Insurance Capital Ltd	+106,958	916,412	$17,512,633
FHN	First Horizon Corp	+51,022	60,520	$1,377,435
PGR	Progressive Corp/Oh/	+47,228	129,641	$25,700,031
APO	Apollo Global Management, Inc.	+8,873	303,051	$33,765,942
ET	Energy Transfer LP	+6,521	477,757	$9,220,710
TFIN	Triumph Financial, Inc.	+375	127,533	$7,608,618
KKR	KKR & Co. Inc.	+10	4,750	$439,375
FDX	Fedex Corp	+2	1,077	$309,110
No positions match the current search.

Trimmed

Positions the filer reduced

19 positions

Ticker	Company	Δ Shares	Shares	Value
WEST	Westrock Coffee Co	−216,211	3,529,748	$15,001,429
MRP	Millrose Properties, Inc.	−48,469	30,992	$867,776
RWT	Redwood Trust Inc	−24,963	474,494	$2,661,911
MTG	Mgic Investment Corp	−18,777	1,766,601	$46,373,276
KMI	Kinder Morgan, Inc.	−13,050	212,550	$7,126,801
DAR	Darling Ingredients Inc.	−12,666	449,690	$27,813,326
STWD	Starwood Property Trust, Inc.	−11,375	672,514	$11,580,691
NMIH	NMI Holdings, Inc.	−7,490	16,620	$623,416
VNOM	Viper Energy, Inc.	−5,122	122,530	$5,757,684
RRC	Range Resources Corp	−4,520	264,958	$11,970,802
ORI	Old Republic International Corp	−4,250	153,250	$6,114,675
ARLP	Alliance Resource Partners LP	−4,000	65,700	$1,816,605
ESNT	Essent Group Ltd.	−2,825	49,133	$2,871,332
TRGP	Targa Resources Corp.	−895	66,501	$16,673,795
AXP	American Express Co	−653	38,130	$11,533,562
AAPL	Apple Inc.	−640	1,440	$365,457
MSFT	Microsoft Corp	−251	1,234	$456,789
EG	Everest Group, Ltd.	−79	29,123	$9,518,852
AZO	Autozone Inc	−14	5,624	$18,996,634
No positions match the current search.

New Positions

Positions the filer opened this quarter

4 positions

Ticker	Company	Shares	Value
TOL	Toll Brothers, Inc.	79,138	$10,799,962
COF	Capital One Financial Corp	45,019	$8,212,816
BAC	Bank Of America Corp /De/	8,347	$406,916
PNFP	Pinnacle Financial Partners, Inc.	3,014	$259,625
No positions match the current search.

Sold Out

Positions the filer fully exited

4 positions

Ticker	Company	Shares	Value
EQH	Equitable Holdings, Inc.	75,300	$3,588,045
TIPT	Tiptree Inc.	22,246	$406,434
NVDA	Nvidia Corp	1,514	$282,361
HOMB	Home Bancshares Inc	10,000	$277,800
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

37 positions · $321,014,779 total · as of Mar 31, 2026

All sectors Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Industrials Real Estate Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MTG	Mgic Investment Corp Financial Services	Reduced	1,766,601	-18,777	$46,373,276	−11.1%	14.45%
APO	Apollo Global Management, Inc. Financial Services	Added	303,051	+8,873	$33,765,942	−20.7%	10.52%
DAR	Darling Ingredients Inc. Consumer Defensive	Reduced	449,690	-12,666	$27,813,326	+67.1%	8.66%
PGR	Progressive Corp/Oh/ Financial Services	Added	129,641	+47,228	$25,700,031	+36.9%	8.01%
AZO	Autozone Inc Consumer Cyclical	Reduced	5,624	-14	$18,996,634	−0.7%	5.92%
PLGO	Pelagos Insurance Capital Ltd Financial Services	Added	916,412	+106,958	$17,512,633	+10.6%	5.46%
TRGP	Targa Resources Corp. Energy	Reduced	66,501	-895	$16,673,795	+34.1%	5.19%
WEST	Westrock Coffee Co Consumer Defensive	Reduced	3,529,748	-216,211	$15,001,429	−1.6%	4.67%
RRC	Range Resources Corp Energy	Reduced	264,958	-4,520	$11,970,802	+26.0%	3.73%
STWD	Starwood Property Trust, Inc. Real Estate	Reduced	672,514	-11,375	$11,580,691	−6.0%	3.61%
AXP	American Express Co Financial Services	Reduced	38,130	-653	$11,533,562	−19.6%	3.59%
TOL	Toll Brothers, Inc. Consumer Cyclical	NEW	79,138	NEW	$10,799,962	NEW	3.36%
EG	Everest Group, Ltd. Financial Services	Reduced	29,123	-79	$9,518,852	−3.9%	2.97%
ET	Energy Transfer LP Energy	Added	477,757	+6,521	$9,220,710	+18.7%	2.87%
COF	Capital One Financial Corp Financial Services	NEW	45,019	NEW	$8,212,816	NEW	2.56%
TFIN	Triumph Financial, Inc. Financial Services	Added	127,533	+375	$7,608,618	−4.5%	2.37%
KMI	Kinder Morgan, Inc. Energy	Reduced	212,550	-13,050	$7,126,801	+14.9%	2.22%
ORI	Old Republic International Corp Financial Services	Reduced	153,250	-4,250	$6,114,675	−14.9%	1.90%
VNOM	Viper Energy, Inc. Energy	Reduced	122,530	-5,122	$5,757,684	+16.8%	1.79%
HIG	Hartford Insurance Group, Inc. Financial Services	Held	35,000	0	$4,733,050	−1.9%	1.47%
ESNT	Essent Group Ltd. Financial Services	Reduced	49,133	-2,825	$2,871,332	−15.0%	0.89%
RWT	Redwood Trust Inc Real Estate	Reduced	474,494	-24,963	$2,661,911	−3.6%	0.83%
ARLP	Alliance Resource Partners LP Energy	Reduced	65,700	-4,000	$1,816,605	+12.2%	0.57%
FHN	First Horizon Corp Financial Services	Added	60,520	+51,022	$1,377,435	+506.8%	0.43%
KO	Coca Cola Co Consumer Defensive	Held	12,500	0	$950,625	+8.8%	0.30%
MRP	Millrose Properties, Inc. Real Estate	Reduced	30,992	-48,469	$867,776	−63.4%	0.27%
NMIH	NMI Holdings, Inc. Financial Services	Reduced	16,620	-7,490	$623,416	−36.6%	0.19%
BRK-B	Berkshire Hathaway Inc Financial Services	Held	1,176	0	$563,539	−4.7%	0.18%
RF	Regions Financial Corp Financial Services	Held	19,235	0	$502,418	−3.6%	0.16%
MSFT	Microsoft Corp Technology	Reduced	1,234	-251	$456,789	−36.4%	0.14%
KKR	KKR & Co. Inc. Financial Services	Added	4,750	+10	$439,375	−27.3%	0.14%
BAC	Bank Of America Corp /De/ Financial Services	NEW	8,347	NEW	$406,916	NEW	0.13%
AAPL	Apple Inc. Technology	Reduced	1,440	-640	$365,457	−35.4%	0.11%
FDX	Fedex Corp Industrials	Added	1,077	+2	$309,110	+23.5%	0.10%
GOOGL	Alphabet Inc. Communication Services	Held	930	0	$267,430	−8.1%	0.08%
QQQ	Invesco Qqq Trust, Series 1	Held	450	0	$259,731	−6.0%	0.08%
PNFP	Pinnacle Financial Partners, Inc. Financial Services	NEW	3,014	NEW	$259,625	NEW	0.08%