Magnolia Group, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 24, 2026), Magnolia Group, LLC reported 12 stock positions worth $537.5 million. Its top holding was Nelnet Class A (NNI) at 40.0% of the portfolio, followed by Boston Omaha Class A (BOC, 12.1%) and Core Natural Resources (CNR, 11.7%). Compared with Q4 2025, it opened 1 new position, sold out of 1, added to 3 and reduced 4. The biggest buy was a new position in NVR (NVR) and the biggest sale Alliance Resource Partners (ARLP, shares −45%).
- Most Recent 13F
- Q2 2026
- Location
- OMAHA, NE
- CIK
- 0001618376
- Portfolio Value
- $537.5M (Q1 2026)
- SEC Filing
- 0001398344-26-007141 ↗ filed Apr 24, 2026
Holdings Value
Holdings 12 stocks · $537.5M
| NNI Nelnet Inc. Class A | 40.04% | 1,668,976 | $215.2M | No change |
| BOC Boston Omaha Corp. Class A | 12.15% | 5,589,253 | $65.3M | No change |
| CNR Core Natural Resources Inc. | 11.74% | 602,500 | $63.1M | Reduce -10.0% |
| ABG Asbury Automotive Group | 10.47% | 288,004 | $56.3M | Add +3.1% |
| ARLP Alliance Resource Partners | 7.26% | 1,411,260 | $39.0M | Reduce -45.3% |
| CCOI Cogent Communications Holdin | 4.52% | 1,290,204 | $24.3M | Add +3.5% |
| PCYO Pure Cycle Corp. | 3.58% | 1,914,559 | $19.3M | Reduce -4.9% |
| CRMT America's Car-Mart Inc. | 2.99% | 1,260,690 | $16.0M | No change |
| RMAX Re/Max Holdings Inc. Class A | 2.86% | 2,665,643 | $15.4M | Reduce -7.0% |
| OMCC Old Market Capital Corp. filed as OLD MKT CAP CORP | 2.09% | 2,515,902 | $11.2M | No change |
| LEN.B Lennar Corp. Class B | 1.70% | 108,750 | $9.1M | Add +53.1% |
| NVR NVR Inc. | 0.60% | 490 | $3.2M | New |
Portfolio Sells Q4 2025 → Q1 2026
Portfolio Buys Q4 2025 → Q1 2026
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 |