NFC Investments portfolio
Concentrated managerInvestment firmPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 13, 2026 · data updated on Nov 5, 2026 · Q2 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
NFC Investments reported a $393M portfolio of 42 companies (43 positions, counting each share class separately) to the SEC as of the end of Q2 2026. Its largest positions are MTG, APO, GOOG. During the quarter it opened Ryan Specialty Holdings.
Sections with a free account
What changed this quarter
21 positions with a change (2 new, 10 added to, 9 trimmed). 6 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Westrock Coffee−41%fewer sharesReduced4.2% → 4.3%
- Ryan Specialty Holdings+2.8 ppof portfolioNew— → 2.8%
- MGIC Investment−12%fewer sharesReduced12.9% → 11.1%
- Energy Transfer+29%more sharesIncreased2.6% → 3.0%
- Starwood Property Trust+23%more sharesIncreased3.2% → 3.4%
- Targa Resources−11%fewer sharesReduced4.6% → 4.0%
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- MGIC InvestmentMTG11.1%
- Apollo Global ManagementAPO9.1%
- AlphabetGOOG · GOOGL8.2%
- ProgressivePGR7.2%
- Darling IngredientsDAR6.2%
- Pelagos Insurance CapitalPLGO5.7%
- AutoZoneAZO4.8%
- Westrock CoffeeWEST4.3%
- Targa ResourcesTRGP4.0%
- Starwood Property TrustSTWD3.4%
- Toll BrothersTOL3.3%
- American ExpressAXP3.3%
- Energy TransferET3.0%
- RYAN Specialty HoldingsRYAN2.8%
- U-Haul HoldingUHAL/B2.6%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Financials 52%
- ● Energy 13%
- ● Consumer Staples 11%
- ● Communication Services 8%
- ● Consumer Discretionary 8%
- ● Real Estate 4%
- ● Industrials 3%
- ● No sector 1%
How its portfolio changed (8 quarters)
Q2 2026: 43
Q2 2026: 64%
Q2 2026: 5.0%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Investment firm, per its Form ADV of Feb 6, 2026 (medium confidence).
The data, as reported: NFC INVESTMENTS, LLC (CRD 132844): Institutional mandates; 5.D assets by client type: insurers 42%, high net worth 24%, corporations 19%, pooled vehicles 14% (of $2.1 bn); 5.F 164 accounts, 0% non-discretionary; 5.D 157 clients, 126 individuals
The type comes from a rule applied to that data. If it looks wrong, tell us.
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