SEC 13F Intelligence

Managers / Q1 2026

MAGNOLIA CAPITAL MANAGEMENT LTD

CIK 0001802361 · 145 MAIN STREET, COLD SPRING, NY, 10516 · 8458095259

Reported Value
$148M
Q1 2026
Positions
74
Filings on Record
28
2020–present window
Filed
May 4, 2026
original filing

Summary

Magnolia Capital Management Ltd reported $148M in U.S.-listed holdings across 74 positions for Q1 2026.

Its largest position, Invesco Qqq Tr Unit, represents 15.8% of the portfolio.

Compared with Q4 2025, the fund opened 1 new position and exited 2.

Portfolio Metrics

Turnover
+2.2%
vs prior filed quarter
Top-10 Concentration
+61.2%
share of reported value
Largest Position
+15.8%
Invesco Qqq Tr Unit
New / Exited
1 / 2
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’19: $100MQ4 ’19Q4 ’20: $97MQ1 ’21: $101MQ2 ’21: $104MQ2 ’21Q3 ’21: $116MQ4 ’21: $127MQ1 ’22: $121MQ1 ’22Q2 ’22: $102MQ3 ’22: $97MQ4 ’22: $103MQ4 ’22Q1 ’23: $106MQ2 ’23: $111MQ3 ’23: $103MQ3 ’23Q4 ’23: $110MQ1 ’24: $118MQ2 ’24: $119MQ2 ’24Q3 ’24: $126MQ4 ’24: $126MQ1 ’25: $117MQ1 ’25Q2 ’25: $125MQ3 ’25: $130MQ4 ’25: $134MQ4 ’25Q1 ’26: $148Mfilingsflow.com

Portfolio Composition

By security type
Other: 61.0%Common Stock: 23.0%ETP: 14.7%ADR: 0.8%REIT: 0.6%
  • Other · 61.0% · $90M
  • Common Stock · 23.0% · $34M
  • ETP · 14.7% · $22M
  • ADR · 0.8% · $1M
  • REIT · 0.6% · $864,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
LLYLilly Eli & CoNEW+1.2K1.2K+$1M$1M
M & T Bank CorpADDED+11.9K13.9K+$2M$3M
BNYBank New York Mellon CorpADDED+7.5K10.1K+$895,000$1M
Dominion Resources Inc VA NewSOLD OUT−4.0K0−$237,000$0
ADMArcher Daniels Midland CoSOLD OUT−4.0K0−$229,000$0
LHXL3harris Technologies IncADDED+6241.4K+$254,000$471,000
Select Sector SPDR EnergyADDED+2.4K7.5K+$230,000$457,000
SPDR Asia Pacific ETFADDED+1.7K5.5K+$215,000$751,000

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

73 positions (from 74 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1Invesco Qqq Tr Unit Ser 1UIU15.78%$23M40.6K
2State Street Spdr S&P 500 EtfUIU14.96%$22M34.1K
3IJHiShares Core S&P Mid-Caphistory →UIU5.99%$9M131.6K
4AAPLApple Inchistory →COM5.71%$8M33.4K
5State Str Spdr Dow Jones IndlUIU5.42%$8M17.4K
6Alphabet Inc Cap Stock Cl CCOM3.46%$5M17.9K
7IJRiShares Core S & P Small Caphistory →UIU3.14%$5M37.4K
8BRK/BBerkshire Hathaway Inc Cl Bhistory →COM2.83%$4M8.7K
9IYJiShares US Industries ETFhistory →UIU2.00%$3M20.1K
10M & T Bank CorpCOM1.94%$3M13.9K
11JNJJohnson & Johnsonhistory →COM1.83%$3M11.1K
12Select Sector SPDR Cons DiscreUIU1.75%$3M23.8K
13Cisco Systems IncCOM1.68%$2M32.2K
14MSFTMicrosoft Corphistory →COM1.67%$2M6.7K
15Select Sector SPDR IndustrialsUIU1.33%$2M12.2K
16Select Sector SPDR Consumer StUIU1.24%$2M22.4K
17AMZNAmazon.com Inchistory →COM1.17%$2M8.3K
18NVIDIA CorpCOM1.13%$2M9.6K
19BROADCOM INC COMCOM1.11%$2M5.3K
20Select Sector SPDR HealthcareUIU1.09%$2M11.0K
21Merck & Co IncCOM0.91%$1M11.2K
22Exxon Mobil CorpCOM0.82%$1M7.1K
23BNYBank New York Mellon CorpCOM0.81%$1M10.1K
24Select Sector SPDR Tr CommunicUIU0.80%$1M10.7K
25JPMorgan Chase & CoCOM0.77%$1M3.9K
26LLYLilly Eli & CoCOM0.72%$1M1.2K
27IYFiShares US Financials ETFUIU0.70%$1M8.8K
28Costco Wholesale CorpCOM0.68%$1M1.0K
29IVEiShares S&P 500 Val ETFUIU0.65%$968,0004.6K
30WMTWal-Mart Stores IncCOM0.65%$968,0007.8K
31PEPPepsiCo IncCOM0.65%$958,0006.2K
32Vertiv Holdings LLC Cl ACOM0.63%$937,0003.7K
33AMGNAmgen IncCOM0.62%$920,0002.6K
34RYRoyal Bank of Canada MontrealCOM0.62%$916,0005.7K
35PGProcter And Gamble CoCOM0.61%$903,0006.3K
36HONHoneywell Intl IncCOM0.59%$882,0003.9K
37ORealty Income CorpRET0.58%$864,00014.1K
38ITAiShares US Aer&Def ETFUIU0.57%$845,0003.9K
39AEMAgnico Eagle Mines LtdCOM0.55%$810,0004.0K
40AbbVie IncCOM0.54%$801,0003.7K
41QCOMQualcomm IncCOM0.53%$789,0006.1K
42Valero Energy CorpCOM0.52%$777,0003.1K
43AXPAmerican Express CoCOM0.52%$773,0002.6K
44HDHome Depot IncCOM0.51%$763,0002.3K
45SPDR Asia Pacific ETFUIU0.51%$751,0005.5K
46IBMIntl Business MachinesCOM0.50%$748,0003.1K
47ASML Holding NV NY RegistryADR0.45%$667,000505
48NSRGYNestle SA Sp ADRADR0.43%$644,0006.5K
49Spinnaker Etf Series Select StUIU0.43%$631,00015.5K
50CSXCSX CorpCOM0.41%$611,00014.9K
51APDAir Prods & Chems IncCOM0.40%$593,0002.0K
52VOVanguard Mid Cap ETFUIU0.38%$560,0001.9K
53Trane Technologies PLCCOM0.37%$554,0001.3K
54DTEGYDeutsche Telekom AG Sp ADRADR0.34%$507,00013.7K
55ABTAbbott LaboratoriesCOM0.33%$496,0004.8K
56EFAiShares MSCI EAFE ETFUIU0.33%$489,0005.0K
57FTECFidelity MSCI Info Tech IUIU0.33%$484,0002.3K
58Constellation Energy CorpCOM0.32%$480,0001.7K
59FDISFidelity MSCI Consm DisUIU0.32%$472,0005.1K
60LHXL3harris Technologies IncCOM0.32%$471,0001.4K
61Select Sector SPDR EnergyUIU0.31%$457,0007.5K
62Alps Etf Tr Alerian MlpUIU0.31%$454,0008.6K
63SPDR S&P Metals MiningUIU0.30%$439,0004.1K
64Adobe IncCOM0.30%$438,0001.8K
65Accenture PLC Ireland Class ACOM0.27%$407,0002.1K
66DKSDicks Sporting Goods IncCOM0.24%$354,0001.8K
67Select Sector SPDR FinancialUIU0.23%$343,0007.0K
68Select Sector SPDR UtilitiesUIU0.23%$341,0007.4K
69Dell Technologies Inc Cl CCOM0.20%$298,0001.8K
70AEPAmerican Electric Power IncCOM0.19%$282,0002.2K
71iShares Core MSCI Emerg MktUIU0.18%$263,0003.8K
72ACWIiShares MSCI ACWI ETFUIU0.16%$230,0001.7K
73EWGiShares MSCI Germany ETFUIU0.14%$201,0005.1K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$148M74May 4, 202613F-HRchanges · EDGAR ↗
Q4 2025$134M75Jan 27, 202613F-HRchanges · EDGAR ↗
Q3 2025$130M70Oct 29, 202513F-HRchanges · EDGAR ↗
Q2 2025$125M75Jul 23, 202513F-HRchanges · EDGAR ↗
Q1 2025$117M72Apr 3, 202513F-HRchanges · EDGAR ↗
Q4 2024$126M72Jan 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$126M71Oct 21, 202413F-HRchanges · EDGAR ↗
Q2 2024$119M69Jul 9, 202413F-HRchanges · EDGAR ↗
Q1 2024$118M68Apr 16, 202413F-HRchanges · EDGAR ↗
Q4 2023$110M69Jan 16, 202413F-HRchanges · EDGAR ↗
Q3 2023$103M126Oct 10, 202313F-HRchanges · EDGAR ↗
Q2 2023$111M129Aug 3, 202313F-HRchanges · EDGAR ↗
Q1 2023$106M140May 2, 202313F-HRchanges · EDGAR ↗
Q4 2022$103M140Jan 18, 202313F-HRchanges · EDGAR ↗
Q3 2022$97M121Nov 7, 202213F-HRchanges · EDGAR ↗
Q2 2022$102M122Jul 14, 202213F-HRchanges · EDGAR ↗
Q1 2022$121M121Apr 7, 202213F-HRchanges · EDGAR ↗
Q4 2021$127M118Jan 6, 202213F-HRchanges · EDGAR ↗
Q3 2021$116M73Nov 2, 202113F-HRchanges · EDGAR ↗
Q2 2021$104M42Aug 3, 202113F-HRchanges · EDGAR ↗
Q1 2021$101M46May 17, 2021RESTATEMENTchanges · EDGAR ↗
Q4 2020$97M46May 17, 2021RESTATEMENTchanges · EDGAR ↗
Q4 2019$100M54Feb 13, 202013F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.