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NFC Investments, LLC

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13F filer, CIK 1512858, MEMPHIS, TN

NFC Investments, LLC reported $345,487,000 across 43 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-12. Its ten largest share positions make up 68.35% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001512858-25-000006

Period
2025-09-30
Reported value
$345M
Holdings
43
Top 10 weight
68.35%
New
9
Sold out
2

Largest buys vs the previous quarter

SecurityShares changeApprox. value
TRGPnew+50,603$8.48M
VNOMnew+128,808$4.92M
PLGOadded+229,229$4.16M
KKRnew+4,940$642K
WESTadded+81,730$397K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
FHNexited-480,675-$10.2M
SITIO ROYALTIES CORPexited-263,723-$4.85M
GOOGreduced-8,370-$2.04M
MTGreduced-67,485-$1.91M
AZOreduced-427-$1.83M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0001512858-25-000006, largest first. % of portfolio is the value over $345,487,000, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
MTGMGIC INVT CORP WISQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,898,282 shares; 2024Q4: 1,895,198 shares; 2025Q1: 1,856,992 shares; 2025Q2: 1,875,864 shares; 2025Q3: 1,808,379 shares 1,808,379$51.3M14.85%-67,485Timeline
APOAPOLLO GLOBAL MGMT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 414,328 shares; 2024Q4: 308,403 shares; 2025Q1: 297,652 shares; 2025Q2: 308,147 shares; 2025Q3: 294,762 shares 294,762$39.3M11.37%-13,385Timeline
GOOGALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 118,860 shares; 2024Q4: 117,881 shares; 2025Q1: 113,643 shares; 2025Q2: 118,796 shares; 2025Q3: 110,426 shares 110,426$26.9M7.78%-8,370Timeline
AZOAUTOZONE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,213 shares; 2024Q4: 6,203 shares; 2025Q1: 5,947 shares; 2025Q2: 6,091 shares; 2025Q3: 5,664 shares 5,664$24.3M7.03%-427Timeline
PGRPROGRESSIVE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 87,818 shares; 2024Q4: 87,733 shares; 2025Q1: 84,608 shares; 2025Q2: 86,518 shares; 2025Q3: 82,648 shares 82,648$20.4M5.91%-3,870Timeline
WESTWESTROCK COFFEE COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,044,207 shares; 2024Q4: 4,047,562 shares; 2025Q1: 4,047,562 shares; 2025Q2: 4,007,981 shares; 2025Q3: 4,089,711 shares 4,089,711$19.9M5.75%+81,730Timeline
DARDARLING INGREDIENTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 479,004 shares; 2024Q4: 476,026 shares; 2025Q1: 443,575 shares; 2025Q2: 477,963 shares; 2025Q3: 465,838 shares 465,838$14.4M4.16%-12,125Timeline
LEN-BLENNAR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 91,393 shares; 2024Q4: 120,770 shares; 2025Q1: 117,285 shares; 2025Q2: 120,140 shares; 2025Q3: 113,950 shares 113,950$13.7M3.96%-6,190Timeline
AXPAMERICAN EXPRESS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 42,607 shares; 2024Q4: 42,325 shares; 2025Q1: 41,190 shares; 2025Q2: 42,685 shares; 2025Q3: 39,605 shares 39,605$13.2M3.81%-3,080Timeline
STWDSTARWOOD PPTY TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 635,948 shares; 2024Q4: 638,310 shares; 2025Q1: 619,160 shares; 2025Q2: 654,344 shares; 2025Q3: 663,612 shares 663,612$12.9M3.72%+9,268Timeline
EGEVEREST GROUP LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 30,445 shares; 2024Q4: 30,410 shares; 2025Q1: 29,145 shares; 2025Q2: 29,190 shares; 2025Q3: 29,330 shares 29,330$10.7M3.1%+140Timeline
RRCRANGE RES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 149,507 shares; 2025Q1: 264,993 shares; 2025Q2: 279,942 shares; 2025Q3: 270,542 shares 270,542$10.2M2.95%-9,400Timeline
PLGOPELAGOS INS CAP LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 182,500 shares; 2025Q1: 300,000 shares; 2025Q2: 307,150 shares; 2025Q3: 536,379 shares 536,379$9.73M2.82%+229,229Timeline
TRGPTARGA RES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 50,603 shares 50,603$8.48M2.45%newTimeline
AIGAMERICAN INTL GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 103,138 shares; 2024Q4: 103,138 shares; 2025Q1: 100,700 shares; 2025Q2: 102,938 shares; 2025Q3: 102,938 shares 102,938$8.09M2.34%0Timeline
ETENERGY TRANSFER L PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 57,000 shares; 2024Q4: 309,000 shares; 2025Q1: 426,000 shares; 2025Q2: 441,940 shares; 2025Q3: 441,939 shares 441,939$7.58M2.2%-1Timeline
ORIOLD REP INTL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 192,965 shares; 2024Q4: 193,200 shares; 2025Q1: 187,800 shares; 2025Q2: 187,500 shares; 2025Q3: 157,500 shares 157,500$6.69M1.94%-30,000Timeline
KMIKINDER MORGAN INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 184,009 shares; 2024Q4: 182,559 shares; 2025Q1: 216,125 shares; 2025Q2: 226,644 shares; 2025Q3: 227,744 shares 227,744$6.45M1.87%+1,100Timeline
TFINTRIUMPH FINANCIAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 137,915 shares; 2024Q4: 135,405 shares; 2025Q1: 129,250 shares; 2025Q2: 136,275 shares; 2025Q3: 127,875 shares 127,875$6.4M1.85%-8,400Timeline
VNOMVIPER ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 128,808 shares 128,808$4.92M1.42%newTimeline
HIGHARTFORD INSURANCE GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 35,000 shares; 2024Q4: 35,000 shares; 2025Q1: 35,000 shares; 2025Q2: 35,000 shares; 2025Q3: 35,000 shares 35,000$4.67M1.35%0Timeline
EQHEQUITABLE HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 75,000 shares; 2025Q1: 75,000 shares; 2025Q2: 75,300 shares; 2025Q3: 75,300 shares 75,300$3.82M1.11%0Timeline
TRAVELERS GROUP INCTRAVELERS GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 13,000 shares; 2024Q4: 13,000 shares; 2025Q1: 13,000 shares; 2025Q2: 13,000 shares; 2025Q3: 13,000 shares 13,000$3.63M1.05%0
ESNTESSENT GROUP LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 56,513 shares; 2024Q4: 56,688 shares; 2025Q1: 57,413 shares; 2025Q2: 57,428 shares; 2025Q3: 51,958 shares 51,958$3.3M0.96%-5,470Timeline
RWTREDWOOD TRUST INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 484,975 shares; 2024Q4: 494,525 shares; 2025Q1: 431,100 shares; 2025Q2: 486,181 shares; 2025Q3: 499,315 shares 499,315$2.89M0.84%+13,134Timeline
MRPMILLROSE PPTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 61,937 shares; 2025Q2: 79,784 shares; 2025Q3: 79,634 shares 79,634$2.68M0.77%-150Timeline
ARLPALLIANCE RESOURCE PARTNERS LQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 69,800 shares; 2024Q4: 69,800 shares; 2025Q1: 70,400 shares; 2025Q2: 70,400 shares; 2025Q3: 70,400 shares 70,400$1.78M0.52%0Timeline
NMIHNMI HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 24,810 shares; 2024Q4: 24,210 shares; 2025Q1: 24,210 shares; 2025Q2: 24,110 shares; 2025Q3: 24,110 shares 24,110$924K0.27%0Timeline
KOCOCA COLA COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 13,064 shares; 2024Q4: 13,064 shares; 2025Q1: 13,064 shares; 2025Q2: 13,064 shares; 2025Q3: 12,700 shares 12,700$842K0.24%-364Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,500 shares; 2024Q4: 1,500 shares; 2025Q1: 1,500 shares; 2025Q2: 1,500 shares; 2025Q3: 1,485 shares 1,485$769K0.22%-15Timeline
KKRKKR & CO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,140 shares; 2024Q4: 5,140 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 4,940 shares 4,940$642K0.19%newTimeline
BRK-BBERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,186 shares; 2024Q4: 1,186 shares; 2025Q1: 830 shares; 2025Q2: 834 shares; 2025Q3: 1,176 shares 1,176$591K0.17%+342Timeline
AAPLAPPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,100 shares; 2024Q4: 2,100 shares; 2025Q1: 2,100 shares; 2025Q2: 2,101 shares; 2025Q3: 2,080 shares 2,080$530K0.15%-21Timeline
RFREGIONS FINANCIAL CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 19,235 shares; 2024Q4: 19,235 shares; 2025Q1: 19,235 shares; 2025Q2: 19,235 shares; 2025Q3: 19,235 shares 19,235$507K0.15%0Timeline
TIPTTIPTREE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 21,946 shares; 2024Q4: 21,946 shares; 2025Q1: 20,746 shares; 2025Q2: 22,246 shares; 2025Q3: 22,246 shares 22,246$426K0.12%0Timeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,014 shares; 2024Q4: 2,014 shares; 2025Q1: 2,014 shares; 2025Q2: 2,014 shares; 2025Q3: 2,014 shares 2,014$376K0.11%0Timeline
MGKVANGUARD WORLD FDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 704 shares 704$283K0.08%newTimeline
HOMBHOME BANCSHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,000 shares; 2024Q4: 10,000 shares; 2025Q1: 10,000 shares; 2025Q2: 10,000 shares; 2025Q3: 10,000 shares 10,000$283K0.08%0Timeline
QQQINVESCO QQQ TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 450 shares 450$270K0.08%newTimeline
FDXFEDEX CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,073 shares 1,073$253K0.07%newTimeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 930 shares 930$226K0.07%newTimeline
ONEQFIDELITY COMWLTH TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 2,330 shares 2,330$208K0.06%newTimeline
PGPROCTER & GAMBLE COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,341 shares 1,341$206K0.06%newTimeline

Sold out in Q3 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
FHNFIRST HORIZON CORPORATION480,675$10.2Mshares
SITIO ROYALTIES CORPSITIO ROYALTIES CORP263,723$4.85Mshares

How Q3 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001512858-25-000006 base2025-11-12acceptance time not in the bulk data set