MAGNOLIA GROUP, LLC

Registered adviser

CIK

1618376

Location

OMAHA, NE

Portfolio Value

Small $305,502,299

Diversification

Diversified

Filing Date

Global Rank

#3,964 / 8,827 ▼ 542 · as of Jun 2026

Top Industry

Conglomerates 25.5%

3Y Alpha vs SPY

-22.0%

Period ended 38 days ago

Filed Nov 5, 2026 · 2d

27 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 171102

Roster of Nov 1, 2026

Regulatory AUM

$710,597,605

Main clients

Pooled investment vehicles (90% of AUM)

Private funds

1 fund · Hedge funds

Focus by fund count, roster of Nov 1, 2026

$641,439,102 gross assets

Private funds on Schedule D 7.B.(1)

As filed May 6, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$695,650,329 gross assets in 1 fund Hedge funds $695,650,329 (1)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Nov 2026	$710,597,605	Pooled investment vehicles (90%)
Apr 2025 to Mar 2026	$811,857,229	Pooled investment vehicles (90%)
Apr 2024 to Mar 2025	$783,587,938	Pooled investment vehicles (89%)
May 2023 to Mar 2024	$797,436,834	Pooled investment vehicles (81%)
Apr 2023	$797,436,834	Pooled investment vehicles (81%)
Apr 2022 to Mar 2023	$999,781,188	Pooled investment vehicles (80%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.

Style

Concentrated

The top 10 positions are 93.2% of the book (60%+)

Turnover

Low turnover

17.5% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 18.7 quarters (12+), a floor since 57.9% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 94.9%; sector active share 58.9% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

25 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

23.7%

−11.9 pts

Top 5

63.7%

−13.1 pts

Top 10

85.7%

−7.6 pts

HHI

1,148

Diversified−660

Portfolio Trend

27 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Financial Services	28.3%	$86,305,871	6
Industrials	25.0%	$76,230,481	2
Energy	15.9%	$48,640,308	4
Consumer Cyclical	14.9%	$45,539,445	5
Unclassified	7.3%	$22,149,600	1
Utilities	3.5%	$10,705,995	1
Basic Materials	3.0%	$9,182,331	3
Communication Services	1.6%	$4,812,264	1
Real Estate	0.5%	$1,500,804	1
Consumer Defensive	0.1%	$435,200	1

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

5 positions

Ticker	Company	Δ Shares	Shares	Value
LEN-B	Lennar Corp	+43,485	186,894	$14,949,651
SGOV	iShares 0-3 Month Treasury Bond ETF	+25,000	220,000	$22,149,600
NRP	Natural Resource Partners LP	+5,985	43,735	$4,755,306
SPGI	S&P Global Inc.	+5,400	37,950	$14,970,136
MKL	Markel Group Inc.	+2,480	4,580	$7,843,021
No positions match the current search.

Trimmed

Positions the filer reduced

9 positions

Ticker	Company	Δ Shares	Shares	Value
NNI	Nelnet Inc	−847,742	421,981	$51,937,421
PCYO	Pure Cycle Corp	−825,675	969,746	$10,705,995
CRMT	Americas Carmart Inc	−550,686	569,189	$580,572
ARLP	Alliance Resource Partners LP	−492,870	769,713	$18,696,328
CCOI	Cogent Communications Holdings, Inc.	−361,937	617,749	$4,812,264
CNR	Core Natural Resources, Inc.	−185,007	282,517	$24,251,259
ABG	Asbury Automotive Group Inc	−121,753	138,905	$23,933,331
BRK-B	Berkshire Hathaway Inc	−11,614	7,886	$3,926,833
NVR	Nvr Inc	−780	350	$2,154,036
No positions match the current search.

New Positions

Positions the filer opened this quarter

9 positions

Ticker	Company	Shares	Value
MLM	Martin Marietta Materials Inc	9,200	$4,414,252
EXP	Eagle Materials Inc	25,743	$4,402,567
VLTO	Veralto Corp	42,000	$3,961,440
DHI	Horton D R Inc	28,700	$3,921,855
BN	BROOKFIELD Corp	104,500	$3,810,070
SBAC	Sba Communications Corp	9,373	$1,500,804
VNOM	Viper Energy, Inc.	23,500	$937,415
BTI	British American Tobacco p.l.c.	8,000	$435,200
RS	Reliance, Inc.	950	$365,512
No positions match the current search.

Sold Out

Positions the filer fully exited

No qualifying positions this quarter.

Portfolio Positions

Compact Export CSV View 13F filing

25 tracked positions · $305,502,299 total · filing declares 25 positions · $305,502,311 · as of Sep 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Industrials Real Estate Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
BOC	BOSTON OMAHA Corp Industrials	Held	5,589,253	0	$72,269,041	−5.2%	23.66%
NNI	Nelnet Inc Financial Services	Reduced	421,981	-847,742	$51,937,421	−69.3%	17.00%
CNR	Core Natural Resources, Inc. Energy	Reduced	282,517	-185,007	$24,251,259	−35.2%	7.94%
ABG	Asbury Automotive Group Inc Consumer Cyclical	Reduced	138,905	-121,753	$23,933,331	−54.3%	7.83%
SGOV	iShares 0-3 Month Treasury Bond ETF	Added	220,000	+25,000	$22,149,600	+12.8%	7.25%
ARLP	Alliance Resource Partners LP Energy	Reduced	769,713	-492,870	$18,696,328	−38.2%	6.12%
SPGI	S&P Global Inc. Financial Services	Added	37,950	+5,400	$14,970,136	+12.9%	4.90%
LEN-B	Lennar Corp Consumer Cyclical	Added	186,894	+43,485	$14,949,651	+17.5%	4.89%
PCYO	Pure Cycle Corp Utilities	Reduced	969,746	-825,675	$10,705,995	−44.3%	3.50%
MKL	Markel Group Inc. Financial Services	Added	4,580	+2,480	$7,843,021	+91.2%	2.57%
CCOI	Cogent Communications Holdings, Inc. Communication Services	Reduced	617,749	-361,937	$4,812,264	−64.6%	1.58%
NRP	Natural Resource Partners LP Energy	Added	43,735	+5,985	$4,755,306	+29.9%	1.56%
MLM	Martin Marietta Materials Inc Basic Materials	NEW	9,200	NEW	$4,414,252	NEW	1.44%
EXP	Eagle Materials Inc Basic Materials	NEW	25,743	NEW	$4,402,567	NEW	1.44%
VLTO	Veralto Corp Industrials	NEW	42,000	NEW	$3,961,440	NEW	1.30%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	7,886	-11,614	$3,926,833	−59.8%	1.29%
DHI	Horton D R Inc Consumer Cyclical	NEW	28,700	NEW	$3,921,855	NEW	1.28%
HOMB	Home Bancshares Inc Financial Services	Held	135,500	0	$3,818,390	−1.3%	1.25%
BN	BROOKFIELD Corp Financial Services	NEW	104,500	NEW	$3,810,070	NEW	1.25%
NVR	Nvr Inc Consumer Cyclical	Reduced	350	-780	$2,154,036	−72.0%	0.71%
SBAC	Sba Communications Corp Real Estate	NEW	9,373	NEW	$1,500,804	NEW	0.49%
VNOM	Viper Energy, Inc. Energy	NEW	23,500	NEW	$937,415	NEW	0.31%
CRMT	Americas Carmart Inc Consumer Cyclical	Reduced	569,189	-550,686	$580,572	−81.4%	0.19%
BTI	British American Tobacco p.l.c. Consumer Defensive	NEW	8,000	NEW	$435,200	NEW	0.14%
RS	Reliance, Inc. Basic Materials	NEW	950	NEW	$365,512	NEW	0.12%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.