MG
Magnolia Group, LLC 13F Filings & Institutional Holdings (Q2 2026)
Magnolia Group, LLCCIK: 0001618376
Sector-focusedContrarianQuality / disciplined sizing
Total reported value
$476.3M
Reporting period: 2026-06-30 · Number of holdings: 16
MAGNOLIA GROUP, LLC disclosed 16 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $476.3M and a quarterly turnover rate of 41.0%.
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Personality snowflake
- Concentration
- 72.34
- Portfolio Stability
- 40.99
- Momentum
- 0
- Sector conviction
- 100
- Diversification
- 32
- Sizing Uniformity
- 85.79
Magnolia Group, LLC's disclosed holdings carry a Herfindahl concentration index of 0.181 — mathematically equivalent to about 6 equally-sized positions, well below its 16 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.42), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 25% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim NNI
-23.9% -$45.9M
New buy SGOV
Trim CNR
-22.4% -$25.7M
Add BOC
0.0% $11.0M
Sold out RMAX
New buy SPGI
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NNI | Nelnet Inc-cl A | Stock-Other | 35.54% | -4.50% | -23.92% | |
| 2 | BOC | Boston Omaha Corp-cl A | Stock-Other | 16.01% | +3.86% | — | |
| 3 | ABG | Asbury Automotive Group | Stock-Consumer Disc | 11.00% | +0.53% | -9.49% | |
| 4 | CNR | Core Natural Resources Inc | Stock-Energy | 7.85% | -3.89% | -22.40% | |
| 5 | ARLP | Alliance Resource Partners | Stock-Other | 6.36% | -0.90% | -10.54% | |
| 6 | SGOV | Ishares 0-3 Month Treasury B | ETF-Gov Bonds | 4.12% | +4.12% | NEW | |
| 7 | PCYO | Pure Cycle CORP | Stock-Other | 4.04% | +0.46% | -6.22% | |
| 8 | CCOI | Cogent Communications Holdin | Stock-Other | 2.86% | -1.66% | -24.07% | |
| 9 | SPGI | S&p Global Inc | Stock-Financials | 2.78% | +2.78% | NEW | |
| 10 | LEN-B | Lennar CORP - B Shs | Stock-Other | 2.67% | +0.97% | +31.87% | |
| 11 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 2.05% | +2.05% | NEW | |
| 12 | NVR | Nvr Inc | Stock-Consumer Disc | 1.62% | +1.02% | +130.61% | |
| 13 | MKL | Markel Group Inc | Stock-Financials | 0.86% | +0.86% | NEW | |
| 14 | HOMB | Home Bancshares Inc | Stock-Financials | 0.81% | +0.81% | NEW | |
| 15 | NRP | Natural Resource Partners LP | Stock-Other | 0.77% | +0.77% | NEW | |
| 16 | CRMT | America's Car-mart Inc | Stock-Other | 0.66% | -2.33% | -11.17% |
Portfolio Performance
Performance for Q3 2026
+1%
Performance Last 4 Quarters
-9.6%
- Stdev
- +15.6%
- Beta
- +0.64
- Alpha
- -13.3%
- Max Drawdown
- -12.9%
- Annualized Perf
- -1.8%
- Batting Avg vs S&P
- +30.6%
- Sortino
- -0.06
- Stutzer
- -0.01
- Treynor
- -0.01
- Sterling
- -0.09
- Calmar
- -0.14
- Information Ratio
- -1.47
- Tracking Error
- +14%
- Stdev Down
- +10.2%
- Winning Months %
- +38.9%
- Losing Months %
- +61.1%
- Best 12 Months
- +20.9%
- Worst 12 Months
- -12.9%
- Efficiency Ratio
- +0.04
- Sharpe
- -0.04
- Stdev Sectors
- +13.4%
- Skewness
- +0.39
- Kurtosis
- +0.25
- Upside Potential
- +2.08
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 16 | $476.3M | 41 | ||
| 2026 Q1 | 12 | $537.5M | 15 | ||
| 2025 Q4 | 12 | $606.5M | 13 | ||
| 2025 Q3 | 11 | $630.8M | 29 | ||
| 2025 Q2 | 10 | $650.5M | 0 | ||
| 2025 Q1 | 9 | $589.9M | 100 | ||
| 2024 Q4 | 10 | $582.9M | 0 | ||
| 2024 Q3 | 9 | $590.9M | 0 | ||
| 2024 Q2 | 10 | $658.6M | 0 | ||
| 2024 Q1 | 11 | $663.9M | 0 | ||
| 2023 Q4 | 11 | $678.4M | 0 | ||
| 2023 Q3 | 13 | $621.0M | 0 | ||
| 2023 Q2 | 12 | $689.3M | 0 | ||
| 2023 Q1 | 13 | $691.4M | 0 | ||
| 2022 Q4 | 11 | $733.1M | 0 | ||
| 2022 Q3 | 11 | $661.7M | 0 | ||
| 2022 Q2 | 10 | $677.8M | 0 | ||
| 2022 Q1 | 11 | $730.4M | 0 | ||
| 2021 Q4 | 11 | $700.4M | 0 | ||
| 2021 Q3 | 11 | $879.1M | 0 | ||
| 2021 Q2 | 10 | $804.5M | 98 | ||
| 2021 Q1 | 9 | $768.8M | 43 | ||
| 2020 Q4 | 9 | $953.1M | 34 | ||
| 2020 Q3 | 9 | $685.6M | 23 | ||
| 2020 Q2 | 10 | $661.0M | 30 | ||
| 2020 Q1 | 15 | $634.0M | 48 | ||
| 2019 Q4 | 8 | $858.7M | 11 | ||
| 2019 Q3 | 9 | $892.9M | 12 | ||
| 2019 Q2 | 7 | $915.6M | 26 | ||
| 2019 Q1 | 9 | $930.8M | 38 | ||
| 2018 Q4 | 9 | $639.2M | 62 | ||
| 2018 Q3 | 9 | $550.1M | 51 | ||
| 2018 Q2 | 8 | $477.5M | 56 | ||
| 2018 Q1 | 8 | $377.7M | 24 | ||
| 2017 Q4 | 9 | $422.4M | 66 | ||
| 2017 Q3 | 9 | $276.6M | 42 | ||
| 2017 Q2 | 7 | $217.7M | 91 | ||
| 2017 Q1 | 8 | $95.1M | 73 | ||
| 2016 Q4 | 8 | $53.2M | 100 | ||
| 2016 Q3 | 8 | $170.6M | 39 | ||
| 2016 Q2 | 9 | $154.7M | 43 | ||
| 2016 Q1 | 10 | $125.3M | 63 | ||
| 2015 Q4 | 12 | $110.7M | 0 |
Holding changes this quarter
Magnolia Group, LLC's most significant position changes for 2026-06-30: New buy: Ishares 0-3 Month Treasury B (SGOV); Sold out: Re/max Holdings Inc-cl A (RMAX); New buy: S&p Global Inc (SPGI); Sold out: Old Market Capital CORP (OMCC); New buy: Berkshire Hathaway Inc-cl B (BRK-B).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | SGOV | Ishares 0-3 Month Treasury B | +4.1% | NEW | New buy |
| 2 | BOC | Boston Omaha Corp-cl A | +3.9% | — | Unchanged |
| 3 | SPGI | S&p Global Inc | +2.8% | NEW | New buy |
| 4 | BRK-B | Berkshire Hathaway Inc-cl B | +2.1% | NEW | New buy |
| 5 | NVR | Nvr Inc | +1% | +130.61% | Add |
| 6 | LEN-B | Lennar CORP - B Shs | +1% | +31.87% | Add |
| 7 | MKL | Markel Group Inc | +0.9% | NEW | New buy |
| 8 | HOMB | Home Bancshares Inc | +0.8% | NEW | New buy |
| 9 | NRP | Natural Resource Partners LP | +0.8% | NEW | New buy |
| 10 | ABG | Asbury Automotive Group | +0.5% | -9.49% | Trim |
| 11 | PCYO | Pure Cycle CORP | +0.5% | -6.22% | Trim |
| 12 | ARLP | Alliance Resource Partners | -0.9% | -10.54% | Trim |
| 13 | CCOI | Cogent Communications Holdin | -1.7% | -24.07% | Trim |
| 14 | OMCC | Old Market Capital CORP | -2.1% | EXIT | Sold out |
| 15 | CRMT | America's Car-mart Inc | -2.3% | -11.17% | Trim |
| 16 | RMAX | Re/max Holdings Inc-cl A | -2.9% | EXIT | Sold out |
| 17 | CNR | Core Natural Resources Inc | -3.9% | -22.40% | Trim |
| 18 | NNI | Nelnet Inc-cl A | -4.5% | -23.92% | Trim |
Filing History
FAQ
What is Magnolia Group, LLC and what type of investor is it?
Magnolia Group, LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $476.3M, spread across 16 disclosed positions.
What are Magnolia Group, LLC's largest equity positions?
Based on the latest 13F filing, Magnolia Group, LLC's top holdings by market value are:
1. Nelnet Inc-cl A (NNI) — $169.3M (35.5%)
2. Boston Omaha Corp-cl A (BOC) — $76.2M (16.0%)
3. Asbury Automotive Group (ABG) — $52.4M (11.0%)
4. Core Natural Resources Inc (CNR) — $37.4M (7.8%)
5. Alliance Resource Partners (ARLP) — $30.3M (6.4%)
What changes did Magnolia Group, LLC make in its most recent portfolio filing?
In the latest reported quarter, Magnolia Group, LLC made 17 notable position adjustments: 6 new positions were initiated, 2 existing holdings were added to, 7 positions were partially reduced, and 2 were completely exited. The largest of these moves: New buy: Ishares 0-3 Month Treasury B (SGOV); Sold out: Re/max Holdings Inc-cl A (RMAX); New buy: S&p Global Inc (SPGI); Sold out: Old Market Capital CORP (OMCC); New buy: Berkshire Hathaway Inc-cl B (BRK-B)
What sectors does Magnolia Group, LLC focus on?
Magnolia Group, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Consumer Discretionary: 50.6%
• Energy: 31.5%
• Financials: 17.9%
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Investment Profile
Magnolia Group, LLC returned an annualized -1.8% over the trailing 36 months — underperforming the S&P 500 by 13.3 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.64 (less volatile than the market) and a 31% quarterly batting average against the index.
Its portfolio is concentrated and moderately active, with 50.6% of the portfolio concentrated in Consumer Discretionary.
Its turnover score has risen from 0 to 41 over the past 4 quarters — a shift toward more active trading.
It has added to its LEN-B position over the past two quarters (+$6.0M, now $12.7M), while trimming NNI over the same stretch (-$52.6M, still holding $169.3M).
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ZC
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Developer Access
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