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Livermore
Livermore
ZHEN

Magnolia Group, LLC

SEC CIK
0001618376
Latest filing
Aug 12, 2026

The latest 13F from Magnolia Group, LLC covers Q2 2026 (filed Aug 12, 2026): 16 long positions worth $476.3M. The top 10 holdings make up 93.2% of the portfolio, and the largest is Nelnet Inc (NNI) at 35.5%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
6
Est. +$54.3M
Added
2
Est. +$7.44M
Reduced
7
Est. −$79.1M
Sold out
2
Est. −$26.6M

Top 5 holdings

Share of this quarter's portfolio value

  1. NNINelnet Inc
    35.5%$169.3MHistory
  2. BOCBoston Omaha Corp
    16.0%$76.2MHistory
  3. ABGAsbury Automotive Group Inc
    11.0%$52.4MHistory
  4. CNRCore Natural Resources, Inc.
    7.9%$37.4MHistory
  5. ARLPAlliance Resource Partners LP
    6.4%$30.3MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Tr46436E718
    +$19.6MNew
  2. SPGIS&P Global Inc.
    +$13.3MNewHistory
  3. BRK.BBerkshire Hathaway Inc
    +$9.76MNewHistory
  4. NVRNVR Inc
    +$4.36MAddedHistory
  5. MKLMarkel Group Inc.
    +$4.10MNewHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. iShares Tr46436E718
    +4.12 pp0.0% → 4.1%
  2. SPGIS&P Global Inc.
    +2.78 pp0.0% → 2.8%History
  3. BRK.BBerkshire Hathaway Inc
    +2.05 pp0.0% → 2.0%History
  4. NVRNVR Inc
    +1.02 pp0.6% → 1.6%History
  5. LEN.BLennar Corp
    +0.97 pp1.7% → 2.7%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. NNINelnet Inc
    −$53.2MReducedHistory
  2. RMAXRE/MAX Holdings, Inc.
    −$15.4MSold outHistory
  3. OMCCOld Market Capital Corp
    −$11.2MSold outHistory
  4. CNRCore Natural Resources, Inc.
    −$10.8MReducedHistory
  5. ABGAsbury Automotive Group Inc
    −$5.50MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. NNINelnet Inc
    −4.50 pp40.0% → 35.5%History
  2. CNRCore Natural Resources, Inc.
    −3.88 pp11.7% → 7.9%History
  3. RMAXRE/MAX Holdings, Inc.
    −2.86 pp2.9% → 0.0%History
  4. CRMTAmericas Carmart Inc
    −2.33 pp3.0% → 0.7%History
  5. OMCCOld Market Capital Corp
    −2.09 pp2.1% → 0.0%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$476.3M
−$61.2M (−11.4%) vs. prior quarter
Positions
16
+4 vs. prior quarter
Top 10 concentration
93.2%
Top 10 as share of value
Turnover
12.2%
Q2 2026, one quarter
Average holding period
16.4 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $879.1M (Q3 2021)

Q1 2021: $768.8MQ2 2021: $804.5MQ3 2021: $879.1MQ4 2021: $700.4MQ1 2022: $730.4MQ2 2022: $677.8MQ3 2022: $661.7MQ4 2022: $733.1MQ1 2023: $691.4MQ2 2023: $689.3MQ3 2023: $621.0MQ4 2023: $678.4MQ1 2024: $663.9MQ2 2024: $658.6MQ3 2024: $590.9MQ4 2024: $582.9MQ1 2025: $589.9MQ2 2025: $650.5MQ3 2025: $630.8MQ4 2025: $606.5MQ1 2026: $537.5MQ2 2026: $476.3M
Q1 2021Q2 2026
13F filings of Magnolia Group, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 12, 202616$476.3MNNIBOCABGvs. Q1 2026SEC
Q1 2026Apr 24, 202612$537.5MNNIBOCCNRvs. Q4 2025SEC
Q4 2025Feb 3, 202612$606.5MNNIBOCABGvs. Q3 2025SEC
Q3 2025Oct 29, 202511$630.8MNNIBOCABGvs. Q2 2025SEC
Q2 2025Jul 29, 202510$650.5MNNICRMTBOCvs. Q1 2025SEC
Q1 2025May 1, 20259$589.9MNNIARLPBOCvs. Q4 2024SEC
Q4 2024Feb 10, 202510$582.9MNNIARLPCRMTvs. Q3 2024SEC
Q3 2024Nov 4, 20249$590.9MNNIARLPBOCvs. Q2 2024SEC
Q2 2024Aug 6, 202410$658.6MNNIFYBRARLPvs. Q1 2024SEC
Q1 2024May 7, 202411$663.9MNNIFYBRBOCvs. Q4 2023SEC
Q4 2023Feb 5, 202411$678.4MNNIFYBRBOCvs. Q3 2023SEC
Q3 2023Oct 31, 202313$621.0MNNIBOCFYBRvs. Q2 2023SEC
Q2 2023Aug 8, 202312$689.3MNNIBOCFYBRvs. Q1 2023SEC
Q1 2023May 5, 202313$691.4MNNIBOCFYBRvs. Q4 2022SEC
Q4 2022Jan 19, 202311$733.1MNNIBOCFYBRvs. Q3 2022SEC
Q3 2022Oct 19, 202211$661.7MNNIBOCFYBRvs. Q2 2022SEC
Q2 2022Jul 18, 202210$677.8MNNIBOCFYBRvs. Q1 2022SEC
Q1 2022Apr 26, 202211$730.4MBOCNNIFYBRvs. Q4 2021SEC
Q4 2021Feb 2, 202211$700.4MBOCNNIFYBRvs. Q3 2021SEC
Q3 2021Nov 8, 202111$879.1MBOCWFCNNIvs. Q2 2021SEC
Q2 2021Jul 22, 202110$804.5MBOCWFCNNIvs. Q1 2021SEC
Q1 2021Apr 21, 20219$768.8MBOCWFCNNI–SEC

13D and 13G filings

Companies where Magnolia Group, LLC reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

Magnolia Group, LLC does not currently report owning 5% or more of any company.

Latest filings

16 filings on file made by Magnolia Group, LLC or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by Magnolia Group, LLC
CompanyFiled (ET)FilerFormStakeChangeEvent dateFiling
BOCBoston Omaha CorpSep 15, 20264:41 PM ETMagnolia Capital Fund, LPand 3 others13D/A22.60%6.76M shares+1.10 ppfrom 21.50%Sep 11, 2026SEC
CRMTAmericas Carmart IncSep 3, 202612:02 PM ETMagnolia Capital Fund, LPand 2 others13G/A6.60%569.2K shares−6.90 ppfrom 13.50%Aug 31, 2026SEC
PCYOPure Cycle CorpAug 14, 20263:04 PM ETMagnolia Capital Fund, LPand 2 others13G/A7.50%1.80M shares–Jun 30, 2026SEC
CRMTAmericas Carmart IncAug 14, 202610:38 AM ETMagnolia Capital Fund, LPand 2 others13G/A13.50%1.12M shares−1.70 ppfrom 15.20%Jun 30, 2026SEC
NNINelnet IncJun 5, 20265:25 PM ETMagnolia Capital Fund, LPand 2 others13D/A5.90%1.50M shares0.00 ppfrom 5.90%May 14, 2026SEC
NNINelnet IncJun 5, 20265:17 PM ETMagnolia Capital Fund, LPand 2 others13G5.90%1.50M shares–May 14, 2026SEC
RMAXRE/MAX Holdings, Inc.May 6, 202612:44 PM ETMagnolia Capital Fund, LPand 2 others13G/A4.70%946.8K shares−8.50 ppfrom 13.20%Below 5%Apr 30, 2026SEC
RMAXRE/MAX Holdings, Inc.Apr 8, 20264:49 PM ETMagnolia Capital Fund, LPand 2 others13G/A13.20%2.67M shares−1.10 ppfrom 14.30%Mar 31, 2026SEC
RMAXRE/MAX Holdings, Inc.Nov 7, 20254:46 PM ETMagnolia Capital Fund, LPand 2 others13G/A14.30%2.87M shares–Sep 30, 2025SEC
CRMTAmericas Carmart IncNov 7, 20254:31 PM ETMagnolia Capital Fund, LPand 2 others13G/A15.20%1.26M shares−2.10 ppfrom 17.30%Sep 30, 2025SEC
CRMTAmericas Carmart IncAug 14, 20259:00 AM ETMagnolia Capital Fund, LPand 2 others13G/A17.30%1.43M shares–Jun 30, 2025SEC
NUVRNuvera Communications, Inc.Jul 8, 20252:37 PM ETMagnolia Capital Fund, LPand 2 others13G/A0.00%0 shares–Below 5%Jun 30, 2025SEC
BOCBoston Omaha CorpJan 14, 20257:55 PM ETMagnolia Capital Fund, LPand 3 others13D/A21.50%6.76M shares–Jan 10, 2025SEC
WHLRDWheeler Real Estate Investment Trust, Inc.Jan 8, 20253:58 PM ETMagnolia Capital Fund, LPand 2 others13G/A0.00%0 shares–Below 5%Dec 31, 2024SEC
CRMTAmericas Carmart IncJan 10, 2023Magnolia Group, LLC13GOld format–New–SEC
WHLRWheeler Real Estate Investment Trust, Inc.Apr 22, 2021Magnolia Group, LLC13DOld format–New–SEC