13F Insight
DOSSIER · 13F-HR · Q2 2026

MAGNOLIA GROUP, LLC

$476M in tracked AUM across 16 positions as of Q2 2026.

MG
CIK 0001618376 · last filed Jun 30, 2026
Total AUM
$476M
as of Q2 2026
Holdings
16
—
positions
Whale Score
71
71
strong
Activity
—
no data
changes this Q
AI Analysis · Q2 2026

Portfolio Overview

The SEC 13F filing for Magnolia Group, LLC (CIK: 0001618376) reveals a highly concentrated portfolio that underwent a significant contraction in value during the quarter ending September 30, 2025. The total portfolio value decreased by 38.5%, dropping from $650.51 million to $400.35 million. This reduction in assets under management (AUM) is driven not only by potential market depreciation but also by a substantial shift in capital allocation, evidenced by the exit of fou...

Key Holdings

The portfolio is dominated by a single massive position in Nelnet Inc. (NNI), which accounts for $209.26 million or 52.27% of the total assets. This represents an exceptionally high concentration risk, with over half of the fund's performance tied to the fortunes of one financial services firm. Following NNI, the second-largest holding is Alliance Resource Partners L.P. (ARLP) at $65.48 million (16.36%), providing exposure to the energy sector. The remaining positions are significantly smaller, with Cogent Communications Hldgs (CCOI) at 12.19%, Americas Car-Mart at 9.20%, RE/MAX Holdings at 6.75%, and Old Market Cap Corp at 3.24%. The disparity between the top holding (52%) and the smallest holding (3%) underscores the manager's strong preference for specific alpha generators over balanced weighting.

Analysis generated by 13F Insight from SEC Form 13F filing data · Q2 2026. Methodology

Quarter at a glance — Q2 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q2 2026.

#HoldingValueSharesWeight
01
NNI
NELNET INC
$169M1.3M35.5%02
101044105
BOSTON OMAHA CORP
$76M5.6M16.0%03
ABG
ASBURY AUTOMOTIVE GROUP INC
$52M261K11.0%04
CNR
CORE NATURAL RESOURCES INC
$37M468K7.9%05
ARLP
ALLIANCE RESOURCE PARTNERS L
$30M1.3M6.4%06
SGOV
ISHARES TR
$20M195K4.1%07
PCYO
PURE CYCLE CORP
$19M1.8M4.0%08
CCOI
COGENT COMM HOLDINGS INC
$14M980K2.9%09
SPGI
S&P GLOBAL INC
$13M33K2.8%10
LEN/B
LENNAR CORP
$13M143K2.7%

Filing history

2026Q2Jun 30
$476M▼ 11.4%
16 positionsView →2026Q1Mar 31
$538M▼ 11.4%
12 positionsView →2025Q4Dec 31
$607M▲ 51.5%
12 positionsView →2025Q3Sep 30
$400M▼ 38.5%
6 positionsView →2025Q2Jun 30
$651M▲ 57.1%
10 positionsLocked2025Q1Mar 31
$414M▼ 29.0%
5 positionsLocked2024Q4Dec 31
$583M▼ 1.4%
10 positionsLocked2024Q3Sep 30
$591M▼ 10.3%
9 positionsLocked2024Q2Jun 30
$659M▼ 0.8%
10 positionsLocked2024Q1Mar 31
$664M▼ 2.1%
11 positionsLocked2023Q4Dec 31
$678M▲ 9.2%
11 positionsLocked2023Q3Sep 30
$621M▼ 9.9%
13 positionsLocked
Showing 12 of 41