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Livermore
Livermore
ZHEN

Magnolia Capital Management Ltd

SEC CIK
0001802361
Latest filing
Jul 10, 2026

The latest 13F from Magnolia Capital Management Ltd covers Q2 2026 (filed Jul 10, 2026): 75 long positions worth $144.9M. The top 10 holdings make up 64.0% of the portfolio, and the largest is Invesco QQQ Trust Series I at 18.0%. Livermore has 23 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
4
Est. +$1.28M
Added
5
Est. +$12.0K
Reduced
47
Est. −$23.8M
Sold out
3
Est. −$2.51M

Top 5 holdings

Share of this quarter's portfolio value

  1. Invesco QQQ Trust Series I46090E103
    18.0%$26.0M
  2. SPYSPDR S&P 500 ETF Trust
    15.3%$22.1MHistory
  3. iShares Core S&P Mid-Cap ETF464287507
    6.2%$9.05M
  4. DIASPDR Dow Jones Industrial Average ETF Trust
    5.6%$8.06MHistory
  5. AAPLApple Inc.
    5.1%$7.40MHistory

Share of portfolio

Top 5 holdings and the other 70 positions, by share of portfolio value

  1. Invesco QQQ Trust Series I18.0%
  2. SPY15.3%
  3. iShares Core S&P Mid-Cap ETF6.2%
  4. DIA5.6%
  5. AAPL5.1%
  6. Other 70 positions49.9%

Biggest buys

New and added positions, by estimated amount bought

  1. HONHoneywell International Inc
    +$392.0KNewHistory
  2. HONAHoneywell Aerospace Inc.
    +$387.0KNewHistory
  3. TXNTexas Instruments Inc
    +$259.0KNewHistory
  4. ProShares Tr74347G606
    +$239.0KNew
  5. COSTCostco Wholesale Corp
    +$3.74KAddedHistory

Largest weight increases

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

  1. HONHoneywell International Inc
    +0.27 pp0.0% → 0.3%History
  2. HONAHoneywell Aerospace Inc.
    +0.27 pp0.0% → 0.3%History
  3. AMZNAmazon Com Inc
    +0.20 pp1.2% → 1.4%History
  4. NVDANVIDIA Corp
    +0.20 pp1.1% → 1.3%History
  5. TXNTexas Instruments Inc
    +0.18 pp0.0% → 0.2%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Invesco QQQ Trust Series I46090E103
    −$3.84MReduced
  2. SPYSPDR S&P 500 ETF Trust
    −$3.39MReducedHistory
  3. MTBM&T Bank Corp
    −$2.82MReducedHistory
  4. AAPLApple Inc.
    −$2.25MReducedHistory
  5. iShares Core S&P Mid-Cap ETF464287507
    −$1.10MReduced

Largest weight decreases

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

  1. MTBM&T Bank Corp
    −1.60 pp1.9% → 0.3%History
  2. LLYEli Lilly & Co
    −0.72 pp0.7% → 0.0%History
  3. AAPLApple Inc.
    −0.60 pp5.7% → 5.1%History
  4. HONHoneywell International Inc
    −0.59 pp0.6% → 0.0%History
  5. BNYBank of New York Mellon Corp
    −0.55 pp0.8% → 0.3%History

Metrics

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

Portfolio value
$144.9M
−$3.41M (−2.3%) vs. prior quarter
Positions
75
+1 vs. prior quarter
Top 10 concentration
64.0%
Top 10 as share of value
Turnover
0.9%
Q2 2026, one quarter
Average holding period
20.6 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 $148.3M (Q1 2026)

Q1 2021: $101.3MQ2 2021: $103.9MQ3 2021: $116.0MQ4 2021: $127.0MQ1 2022: $120.7MQ2 2022: $102.3MQ3 2022: $97.1MQ4 2022: $102.6MQ1 2023: $106.4MQ2 2023: $110.8MQ3 2023: $102.9MQ4 2023: $109.6MQ1 2024: $117.8MQ2 2024: $119.2MQ3 2024: $125.8MQ4 2024: $125.9MQ1 2025: $116.6MQ2 2025: $125.2MQ3 2025: $130.3MQ4 2025: $134.4MQ1 2026: $148.3MQ2 2026: $144.9M
Q1 2021Q2 2026
13F filings of Magnolia Capital Management Ltd by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 10, 202675$144.9MInvesco QQQ Trust Series ISPYiShares Core S&P Mid-Cap ETFvs. Q1 2026SEC
Q1 2026May 4, 202674$148.3MInvesco QQQ Trust Series ISPYiShares Core S&P Mid-Cap ETFvs. Q4 2025SEC
Q4 2025Jan 27, 202675$134.4MInvesco QQQ Trust Series ISPYiShares Core S&P Mid-Cap ETFvs. Q3 2025SEC
Q3 2025Oct 29, 202570$130.3MInvesco QQQ Trust Series ISPYiShares Core S&P Mid-Cap ETFvs. Q2 2025SEC
Q2 2025Jul 23, 202575$125.2MInvesco QQQ Trust Series ISPYiShares Core S&P Mid-Cap ETFvs. Q1 2025SEC
Q1 2025Apr 3, 202572$116.6MSPYInvesco QQQ Trust Series IiShares Core S&P Mid-Cap ETFvs. Q4 2024SEC
Q4 2024Jan 14, 202572$125.9MInvesco QQQ Trust Series ISPYiShares Core S&P Mid-Cap ETFvs. Q3 2024SEC
Q3 2024Oct 21, 202471$125.8MSPYInvesco QQQ Trust Series IiShares Core S&P Mid-Cap ETFvs. Q2 2024SEC
Q2 2024Jul 9, 202469$119.2MInvesco QQQ Trust Series ISPYiShares Core S&P Mid-Cap ETFvs. Q1 2024SEC
Q1 2024Apr 16, 202468$117.8MSPYInvesco QQQ Trust Series IiShares Core S&P Mid-Cap ETFvs. Q4 2023SEC
Q4 2023Jan 16, 202469$109.6MSPYInvesco QQQ Trust Series IiShares Core S&P Mid-Cap ETFvs. Q3 2023SEC
Q3 2023Oct 10, 2023126$102.9MSPYInvesco QQQ Trust Series IiShares Core S&P Mid-Cap ETFvs. Q2 2023SEC
Q2 2023Aug 3, 2023129$110.8MSPYInvesco QQQ Trust Series IiShares Core S&P Mid-Cap ETFvs. Q1 2023SEC
Q1 2023May 2, 2023140$106.4MSPYInvesco QQQ Trust Series IiShares Core S&P Mid-Cap ETFvs. Q4 2022SEC
Q4 2022Jan 18, 2023140$102.6MSPYInvesco QQQ Trust Series IiShares Core S&P Mid-Cap ETFvs. Q3 2022SEC
Q3 2022Nov 7, 2022121$97.1MSPYInvesco QQQ Trust Series IiShares Core S&P Mid-Cap ETFvs. Q2 2022SEC
Q2 2022Jul 14, 2022122$102.3MSPYInvesco QQQ Trust Series IiShares Core S&P Mid-Cap ETFvs. Q1 2022SEC
Q1 2022Apr 7, 2022121$120.7MSPYInvesco QQQ Trust Series IiShares Core S&P Mid-Cap ETFvs. Q4 2021SEC
Q4 2021Jan 6, 2022118$127.0MSPYInvesco QQQ Trust Series IiShares Core S&P Mid-Cap ETFvs. Q3 2021SEC
Q3 2021Nov 2, 202173$116.0MSPYInvesco QQQ Trust Series IiShares Core S&P Mid-Cap ETFvs. Q2 2021SEC
Q2 2021Aug 3, 202142$103.9MSPYInvesco QQQ Trust Series IiShares Core S&P Mid-Cap ETFvs. Q1 2021SEC
Q1 2021May 17, 2021Amended46$101.3MSPYInvesco QQQ Trust Series IiShares Core S&P Mid-Cap ETF–SEC