Magnolia Group, LLC
Magnolia Group, LLC reported 16 US-listed holdings worth $476.3 million in its 13F for the quarter ended 30 June 2026, filed 12 August 2026. Its largest: Nelnet, Inc. (35.5%), Boston Omaha Corp. (16.0%) and Asbury Automotive Group Inc. (11.0%). Against the quarter before, it opened 6 positions, added to 2, trimmed 7 and sold out of 2.
The 14 largest of its 16 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.
What the fund reported holding at each quarter's end; hover a bar for the number of positions
What its reported holdings returned
Held through each quarter, the holdings it reported returned -11.7% over the 7 quarters to 30 June 2026, against +30.2% for the S&P 500.
Not the fund's own return: each 13F's holdings are kept unchanged until the next one, so trades inside a quarter, dividends, cash and fees are left out. A rough guide to how its picks have done over time.
What it did on the quarter
Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held
Opened 6
- iShares Trust SGOV$19.6 million
- S&P Global Inc. SPGI$13.3 million
- Berkshire Hathaway Inc. Class B BRKB$9.8 million
- Markel CP Hldg Co. MKL$4.1 million
- Home Bancshares Inc. HOMB$3.9 million
- Natural Resource Partners L NRP$3.7 million
Added to 2
- NVR Inc. NVR+640 shares · +131%
- Lennar Corp. LENB+34,659 shares · +32%
Trimmed 7
- Nelnet, Inc. NNI-399,253 shares · -24%
- Core Natural Resources, Inc. CNR-134,976 shares · -22%
- Asbury Automotive Group Inc. ABG-27,346 shares · -9%
- Cogent Communications Holdings, Inc. CCOI-310,518 shares · -24%
- Alliance Resource Partners L ARLP-148,677 shares · -11%
- Pure Cycle Corp. PCYO-119,138 shares · -6%
- Americas Car-Mart Inc. CRMT-140,815 shares · -11%
Sold out of 2
- Re Max Hldgs Inc. RMAX$15.4 million last quarter
- Old MKT Cap Corp. OMCC$11.2 million last quarter
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| Nelnet, Inc. NNI | 1.3M | $169.3 million | 35.54% | -399.3K |
| Boston Omaha Corp. BOC | 5.6M | $76.2 million | 16.01% | no change |
| Asbury Automotive Group Inc. ABG | 260.7K | $52.4 million | 11.00% | -27.3K |
| Core Natural Resources, Inc. CNR | 467.5K | $37.4 million | 7.85% | -135.0K |
| Alliance Resource Partners L ARLP | 1.3M | $30.3 million | 6.36% | -148.7K |
| iShares Trust SGOV | 195.0K | $19.6 million | 4.12% | new |
| Pure Cycle Corp. PCYO | 1.8M | $19.2 million | 4.04% | -119.1K |
| Cogent Communications Holdings, Inc. CCOI | 979.7K | $13.6 million | 2.86% | -310.5K |
| S&P Global Inc. SPGI | 32.5K | $13.3 million | 2.78% | new |
| Lennar Corp. LENB | 143.4K | $12.7 million | 2.67% | +34.7K |
| Berkshire Hathaway Inc. Class B BRKB | 19.5K | $9.8 million | 2.05% | new |
| NVR Inc. NVR | 1.1K | $7.7 million | 1.62% | +640 |
| Markel CP Hldg Co. MKL | 2.1K | $4.1 million | 0.86% | new |
| Home Bancshares Inc. HOMB | 135.5K | $3.9 million | 0.81% | new |
| Natural Resource Partners L NRP | 37.8K | $3.7 million | 0.77% | new |
| Americas Car-Mart Inc. CRMT | 1.1M | $3.1 million | 0.66% | -140.8K |