Magnolia Group portfolio
Concentrated managerInvestment firmPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 12, 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.
Magnolia Group reported a $476M portfolio of 16 positions to the SEC as of the end of Q2 2026. Its largest positions are NNI, BOC, ABG. During the quarter it opened iShares 0-3 Month Treasury B ETF and S&P Global and exited RE/MAX Holdings and Old Mkt Cap.
Sections with a free account
What changed this quarter
17 positions with a change (6 new, 2 added to, 7 trimmed, 2 sold). 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Nelnet−24%fewer sharesReduced40.0% → 35.5%
- iShares 0-3 Month Treasury B ETF+3.7 ppof portfolioNew— → 4.1%
- RE/MAX Holdings−2.9 ppof portfolioSold out2.9% → —
- S&P Global+2.5 ppof portfolioNew— → 2.8%
- Old Mkt Cap−2.1 ppof portfolioSold out2.1% → —
- Core Natural Resources−22%fewer sharesReduced11.7% → 7.9%
- Berkshire Hathaway+1.8 ppof portfolioNew— → 2.0%
- Asbury Automotive Group−9.5%fewer sharesReduced10.5% → 11.0%
- NVR+131%more sharesIncreased0.6% → 1.6%
- Cogent Communications Holdings−24%fewer sharesReduced4.5% → 2.9%
- Markel Group+0.8 ppof portfolioNew— → 0.9%
- Home Bancshares+0.7 ppof portfolioNew— → 0.8%
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
- NelnetNNI35.5%
- Boston OmahaBOC16.0%
- Asbury Automotive GroupABG11.0%
- Core Natural ResourcesCNR7.9%
- Alliance Resource PartnersARLP6.4%
- iShares 0-3 Month Treasury B ETFSGOV4.1%
- Pure CyclePCYO4.0%
- Cogent Communications HoldingsCCOI2.9%
- S&P GlobalSPGI2.8%
- LennarLEN/B2.7%
- Berkshire HathawayBRK/B2.0%
- NVRNVR1.6%
- Markel GroupMKL0.9%
- Home BancsharesHOMB0.8%
- Natural Resource PartnersNRP0.8%
“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 42%
- ● Real Estate 16%
- ● Consumer Discretionary 16%
- ● Energy 14%
- ● No sector 4%
- ● Utilities 4%
- ● Communication Services 3%
- ● Materials 1%
How its portfolio changed (8 quarters)
Q2 2026: 16
Q2 2026: 93%
Q2 2026: 15.6%
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 Mar 27, 2026 (high confidence).
The data, as reported: THE MAGNOLIA GROUP, LLC (CRD 171102): 7.B private funds: 1 hedge (gross assets $641M); 5.D assets by client type: pooled vehicles 90%, other 10% (of $711M)
The type comes from a rule applied to that data. If it looks wrong, tell us.
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