Magnolia Group, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 3, 2026), Magnolia Group, LLC reported 12 stock positions worth $606.5 million. Its top holding was Nelnet Class A (NNI) at 36.6% of the portfolio, followed by Boston Omaha Class A (BOC, 11.4%) and Asbury Automotive (ABG, 10.7%). Compared with Q3 2025, it opened 2 new positions, sold out of 1 and reduced 5. The biggest buy was a new position in Lamb Weston (LW) and the biggest sale Cogent Communications Holdin (CCOI, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- OMAHA, NE
- CIK
- 0001618376
- Portfolio Value
- $606.5M (Q4 2025)
- SEC Filing
- 0001398344-26-002075 ↗ filed Feb 3, 2026
Holdings Value
Holdings 12 stocks · $606.5M
| NNI Nelnet Inc. Class A | 36.59% | 1,668,976 | $221.9M | No change |
| BOC Boston Omaha Corp. Class A | 11.40% | 5,589,253 | $69.1M | No change |
| ABG Asbury Automotive Group | 10.71% | 279,273 | $64.9M | Reduce -1.2% |
| ARLP Alliance Resource Partners | 9.89% | 2,581,697 | $60.0M | Reduce -0.3% |
| CNR Core Natural Resources Inc. | 9.77% | 669,500 | $59.3M | Reduce -8.5% |
| CRMT America's Car-Mart Inc. | 5.25% | 1,260,690 | $31.8M | No change |
| CCOI Cogent Communications Holdin | 4.43% | 1,246,337 | $26.9M | Reduce -2.0% |
| PCYO Pure Cycle Corp. | 3.65% | 2,013,106 | $22.1M | Reduce -3.4% |
| RMAX Re/Max Holdings Inc. Class A | 3.59% | 2,867,198 | $21.8M | No change |
| OMCC Old Market Capital Corp. filed as OLD MKT CAP CORP | 2.15% | 2,515,902 | $13.0M | No change |
| LW Lamb Weston Holdings Inc. | 1.47% | 212,500 | $8.9M | New |
| LEN.B Lennar Corp. Class B | 1.11% | 71,031 | $6.8M | New |
Portfolio Sells Q3 2025 → Q4 2025
| CCOI Cogent Communications Holdin | Reduce -2.0% | 4.43% | −3.31 |
| HTLD Heartland Express Inc. | Sold out | 0.00% | −0.64 |
| ARLP Alliance Resource Partners | Reduce -0.3% | 9.89% | −0.49 |
| ABG Asbury Automotive Group | Reduce -1.2% | 10.71% | −0.25 |
| PCYO Pure Cycle Corp. | Reduce -3.4% | 3.65% | −0.01 |
| CNR Core Natural Resources Inc. | Reduce -8.5% | 9.77% | +0.08 |
Portfolio Buys Q3 2025 → Q4 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 |