Magnolia Group, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 29, 2025), Magnolia Group, LLC reported 11 stock positions worth $630.8 million. Its top holding was Nelnet Class A (NNI) at 33.2% of the portfolio, followed by Boston Omaha Class A (BOC, 11.6%) and Asbury Automotive (ABG, 11.0%). Compared with Q2 2025, it opened 1 new position, added to 3 and reduced 3. The biggest buy was Asbury Automotive (ABG, shares +19%) and the biggest sale America's Car-Mart (CRMT, shares −12%).

Most Recent 13F
Q2 2026
Location
OMAHA, NE
CIK
0001618376
Portfolio Value
$630.8M (Q3 2025)
SEC Filing
0001398344-25-019996 ↗ filed Oct 29, 2025

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 Q3 2024 Q4 2024: $582.9M Q4 2024 Q1 2025: $589.9M Q1 2025 Q2 2025: $650.5M Q2 2025 Q3 2025: $630.8M $630.8M Q3 2025 Q4 2025: $606.5M Q4 2025 Q1 2026: $537.5M Q1 2026 Q2 2026: $476.3M Q2 2026

Holdings 11 stocks · $630.8M
NNI Nelnet Inc. Class A 33.17% 1,668,976 $209.3M No change
BOC Boston Omaha Corp. Class A 11.59% 5,589,253 $73.1M No change
ABG Asbury Automotive Group 10.95% 282,623 $69.1M Add +18.7%
ARLP Alliance Resource Partners 10.38% 2,589,697 $65.5M Reduce -0.1%
CNR Core Natural Resources Inc. 9.69% 732,000 $61.1M Add +2.5%
CCOI Cogent Communications Holdin 7.74% 1,272,337 $48.8M Add +16.4%
CRMT America's Car-Mart Inc. 5.84% 1,260,690 $36.8M Reduce -11.7%
RMAX Re/Max Holdings Inc. Class A 4.29% 2,867,198 $27.0M Reduce -11.7%
PCYO Pure Cycle Corp. 3.66% 2,083,408 $23.1M No change
OMCC Old Market Capital Corp. filed as OLD MKT CAP CORP 2.05% 2,515,902 $13.0M No change
HTLD Heartland Express Inc. 0.64% 484,700 $4.1M New

Portfolio Sells Q2 2025 → Q3 2025
CRMT America's Car-Mart Inc. Reduce -11.7% 5.84% −6.46
ARLP Alliance Resource Partners Reduce -0.1% 10.38% −0.04
RMAX Re/Max Holdings Inc. Class A Reduce -11.7% 4.29% +0.20

Portfolio Buys Q2 2025 → Q3 2025
ABG Asbury Automotive Group Add +18.7% 10.95% +2.22
CNR Core Natural Resources Inc. Add +2.5% 9.69% +2.03
HTLD Heartland Express Inc. New 0.64% +0.64
CCOI Cogent Communications Holdin Add +16.4% 7.74% −0.37

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