Magnolia Group, LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 12, 2026), Magnolia Group, LLC reported 16 stock positions worth $476.3 million. Its top holding was Nelnet Class A (NNI) at 35.5% of the portfolio, followed by Boston Omaha Class A (BOC, 16.0%) and Asbury Automotive (ABG, 11.0%). Compared with Q1 2026, it opened 6 new positions, sold out of 2, added to 2 and reduced 7. The biggest buy was a new position in iShares 0-3 Month Treasury B (SGOV) and the biggest sale Nelnet Class A (NNI, shares −24%).
- Most Recent 13F
- Q2 2026
- Location
- OMAHA, NE
- CIK
- 0001618376
- Portfolio Value
- $476.3M (Q2 2026)
- SEC Filing
- 0001398344-26-014198 ↗ filed Aug 12, 2026
Holdings Value
Holdings 16 stocks · $476.3M
| NNI Nelnet Inc. Class A | 35.54% | 1,269,723 | $169.3M | Reduce -23.9% |
| BOC Boston Omaha Corp. Class A | 16.01% | 5,589,253 | $76.2M | No change |
| ABG Asbury Automotive Group | 11.00% | 260,658 | $52.4M | Reduce -9.5% |
| CNR Core Natural Resources Inc. | 7.85% | 467,524 | $37.4M | Reduce -22.4% |
| ARLP Alliance Resource Partners | 6.36% | 1,262,583 | $30.3M | Reduce -10.5% |
| SGOV iShares 0-3 Month Treasury B | 4.12% | 195,000 | $19.6M | New |
| PCYO Pure Cycle Corp. | 4.04% | 1,795,421 | $19.2M | Reduce -6.2% |
| CCOI Cogent Communications Holdin | 2.86% | 979,686 | $13.6M | Reduce -24.1% |
| SPGI S&P Global Inc. | 2.78% | 32,550 | $13.3M | New |
| LEN.B Lennar Corp. Class B | 2.67% | 143,409 | $12.7M | Add +31.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.05% | 19,500 | $9.8M | New |
| NVR NVR Inc. | 1.62% | 1,130 | $7.7M | Add +130.6% |
| MKL Markel Group Inc. | 0.86% | 2,100 | $4.1M | New |
| HOMB Home Bancshares Inc. | 0.81% | 135,500 | $3.9M | New |
| NRP Natural Resource Partners LP | 0.77% | 37,750 | $3.7M | New |
| CRMT America's Car-Mart Inc. | 0.66% | 1,119,875 | $3.1M | Reduce -11.2% |
Portfolio Sells Q1 2026 → Q2 2026
| NNI Nelnet Inc. Class A | Reduce -23.9% | 35.54% | −4.50 |
| CNR Core Natural Resources Inc. | Reduce -22.4% | 7.85% | −3.88 |
| RMAX Re/Max Holdings Inc. Class A | Sold out | 0.00% | −2.86 |
| CRMT America's Car-Mart Inc. | Reduce -11.2% | 0.66% | −2.33 |
| OMCC Old Market Capital Corp. | Sold out | 0.00% | −2.09 |
| CCOI Cogent Communications Holdin | Reduce -24.1% | 2.86% | −1.67 |
| ARLP Alliance Resource Partners | Reduce -10.5% | 6.36% | −0.90 |
| PCYO Pure Cycle Corp. | Reduce -6.2% | 4.04% | +0.45 |
| ABG Asbury Automotive Group | Reduce -9.5% | 11.00% | +0.53 |
Portfolio Buys Q1 2026 → Q2 2026
| SGOV iShares 0-3 Month Treasury B | New | 4.12% | +4.12 |
| SPGI S&P Global Inc. | New | 2.78% | +2.78 |
| BRK.B Berkshire Hathaway Inc. Class B | New | 2.05% | +2.05 |
| NVR NVR Inc. | Add +130.6% | 1.62% | +1.02 |
| LEN.B Lennar Corp. Class B | Add +31.9% | 2.67% | +0.97 |
| MKL Markel Group Inc. | New | 0.86% | +0.86 |
| HOMB Home Bancshares Inc. | New | 0.81% | +0.81 |
| NRP Natural Resource Partners LP | New | 0.77% | +0.77 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 16 | $476.3M | NNI, BOC, ABG, CNR, ARLP |
| Q1 2026 | 12 | $537.5M | NNI, BOC, CNR, ABG, ARLP |
| Q4 2025 | 12 | $606.5M | NNI, BOC, ABG, ARLP, CNR |
| Q3 2025 | 11 | $630.8M | NNI, BOC, ABG, ARLP, CNR |
| Q2 2025 | 10 | $650.5M | NNI, CRMT, BOC, ARLP, ABG |
| Q1 2025 | 9 | $589.9M | NNI, ARLP, BOC, CRMT, ABG |
| Q4 2024 | 10 | $582.9M | NNI, ARLP, CRMT, BOC, ABG |
| Q3 2024 | 9 | $590.9M | NNI, ARLP, BOC, CRMT, RMAX |
| Q2 2024 | 10 | $658.6M | NNI, FYBR, ARLP, BOC, ALLY |
| Q1 2024 | 11 | $663.9M | NNI, FYBR, BOC, ALLY, ARLP |