Magnolia Group, LLC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 4, 2024), Magnolia Group, LLC reported 9 stock positions worth $590.9 million. Its top holding was Nelnet Class A (NNI) at 36.4% of the portfolio, followed by Alliance Resource Partners (ARLP, 14.5%) and Boston Omaha Class A (BOC, 14.1%). Compared with Q2 2024, it sold out of 1, added to 4 and reduced 2. The biggest buy was America's Car-Mart (CRMT, shares +106%) and the biggest sale Frontier Communications Pare (FYBR, shares −82%).

Most Recent 13F
Q2 2026
Location
OMAHA, NE
CIK
0001618376
Portfolio Value
$590.9M (Q3 2024)
SEC Filing
0001398344-24-019905 ↗ filed Nov 4, 2024

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $663.9M Q1 2024 Q2 2024: $658.6M Q2 2024 Q3 2024: $590.9M $590.9M Q3 2024 Q4 2024: $582.9M Q4 2024 Q1 2025: $589.9M Q1 2025 Q2 2025: $650.5M Q2 2025 Q3 2025: $630.8M Q3 2025 Q4 2025: $606.5M Q4 2025 Q1 2026: $537.5M Q1 2026 Q2 2026: $476.3M Q2 2026

Holdings 9 stocks · $590.9M
NNI Nelnet Inc. Class A 36.42% 1,900,000 $215.2M No change
ARLP Alliance Resource Partners 14.53% 3,434,871 $85.9M Reduce -0.3%
BOC Boston Omaha Corp. Class A 14.06% 5,589,253 $83.1M No change
CRMT America's Car-Mart Inc. 11.23% 1,582,363 $66.3M Add +105.9%
RMAX Re/Max Holdings Inc. Class A 6.64% 3,150,674 $39.2M Add +0.8%
ABG Asbury Automotive Group 5.90% 146,123 $34.9M Add +32.8%
FYBR Frontier Communications Pare 4.81% 800,797 $28.5M Reduce -81.8%
PCYO Pure Cycle Corp. 3.80% 2,083,408 $22.4M Add +0.6%
OMCC Old Market Capital Corp. filed as OLD MKT CAP CORP 2.61% 2,426,067 $15.4M No change

Portfolio Sells Q2 2024 → Q3 2024
FYBR Frontier Communications Pare Reduce -81.8% 4.81% −12.67
ALLY Ally Financial Inc. Sold out 0.00% −9.11
ARLP Alliance Resource Partners Reduce -0.3% 14.53% +1.74

Portfolio Buys Q2 2024 → Q3 2024
CRMT America's Car-Mart Inc. Add +105.9% 11.23% +4.20
RMAX Re/Max Holdings Inc. Class A Add +0.8% 6.64% +2.80
ABG Asbury Automotive Group Add +32.8% 5.90% +2.09
PCYO Pure Cycle Corp. Add +0.6% 3.80% +0.79

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 16$476.3MNNI, BOC, ABG, CNR, ARLP
Q1 2026 12$537.5MNNI, BOC, CNR, ABG, ARLP
Q4 2025 12$606.5MNNI, BOC, ABG, ARLP, CNR
Q3 2025 11$630.8MNNI, BOC, ABG, ARLP, CNR
Q2 2025 10$650.5MNNI, CRMT, BOC, ARLP, ABG
Q1 2025 9$589.9MNNI, ARLP, BOC, CRMT, ABG
Q4 2024 10$582.9MNNI, ARLP, CRMT, BOC, ABG
Q3 2024 9$590.9MNNI, ARLP, BOC, CRMT, RMAX
Q2 2024 10$658.6MNNI, FYBR, ARLP, BOC, ALLY
Q1 2024 11$663.9MNNI, FYBR, BOC, ALLY, ARLP