Magnolia Group, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 29, 2025), Magnolia Group, LLC reported 10 stock positions worth $650.5 million. Its top holding was Nelnet Class A (NNI) at 31.1% of the portfolio, followed by America's Car-Mart (CRMT, 12.3%) and Boston Omaha Class A (BOC, 12.1%). Compared with Q1 2025, it opened 1 new position, added to 2 and reduced 3. The biggest buy was a new position in Cogent Communications Holdin (CCOI) and the biggest sale Alliance Resource Partners (ARLP, shares −21%).
- Most Recent 13F
- Q2 2026
- Location
- OMAHA, NE
- CIK
- 0001618376
- Portfolio Value
- $650.5M (Q2 2025)
- SEC Filing
- 0001398344-25-014021 ↗ filed Jul 29, 2025
Holdings Value
Holdings 10 stocks · $650.5M
| NNI Nelnet Inc. Class A | 31.08% | 1,668,976 | $202.1M | Reduce -12.2% |
| CRMT America's Car-Mart Inc. | 12.30% | 1,428,094 | $80.0M | Reduce -9.8% |
| BOC Boston Omaha Corp. Class A | 12.06% | 5,589,253 | $78.5M | No change |
| ARLP Alliance Resource Partners | 10.42% | 2,593,019 | $67.8M | Reduce -20.7% |
| ABG Asbury Automotive Group | 8.73% | 238,123 | $56.8M | Add +6.0% |
| CCOI Cogent Communications Holdin | 8.10% | 1,093,211 | $52.7M | New |
| CNR Core Natural Resources Inc. | 7.66% | 714,500 | $49.8M | Add +140.6% |
| RMAX Re/Max Holdings Inc. Class A | 4.08% | 3,247,929 | $26.6M | No change |
| PCYO Pure Cycle Corp. | 3.43% | 2,083,408 | $22.3M | No change |
| OMCC Old Market Capital Corp. filed as OLD MKT CAP CORP | 2.13% | 2,515,902 | $13.8M | No change |
Portfolio Sells Q1 2025 → Q2 2025
Portfolio Buys Q1 2025 → Q2 2025
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 |