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MAGNOLIA CAPITAL MANAGEMENT LTD — 13F Holdings & Portfolio

CIK 1802361 · latest 13F-HR filed 2026-10-09

Backtest portfolio

MAGNOLIA CAPITAL MANAGEMENT LTD manages $141.2M in 13F-reported U.S. long-equity assets across 71 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are QQQ (18.34%), SPY (15.73%), AAPL (5.95%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 1 new position and exited 5; 13 existing positions rose in reported value and 33 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$141.2M

Long-equity book

Holdings
71

Distinct positions

Period
2026-09-30

Filed 2026-10-09

Q/Q Activity
+1 / −5 / ↑13 / ↓33

vs 2026-06-30

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q3 26
QQQ18.3% · -1%SPY15.7% · -2%AAPL6.0% · -1%IJH5.9% · -1%DIA5.5% · -0%GOOG3.5% · -2%IJR3.2% · 0%BRK.B2.5% · 0%IYJ2.2% · -0%CSCO2.1% · -1%MSFT2.0% · -12%JNJ2.0% · 0%NVDA1.6% · -0%XLY1.5% · -8%AMZN1.5% · 0%AVGO1.3% · 0%XLI1.1% · -0%XLP1.0% · -20%XLV1.0% · -2%JPM0.9% · 0%MRK0.9% · 0%VLO0.9% · 0%IYF0.8% · 0%XOM0.8% · -0%QCOM0.8% · 0%XLC0.7% · 0%DELL0.7% · 0%ABBV0.7% · 0%RY0.7% · 0%COST0.7% · 0%AMGN0.6% · 0%PG0.6% · 0%ASML0.6% · -0%VRT0.5% · 0%IVE0.5% · 0%PEP0.5% · -0%CSX0.5% · 0%WMT0.4% · 0%ITA0.4% · 0%AXP0.4% · 0%GMF0.4% · 0%TT0.4% · 0%O0.4% · -11%APD0.4% · 0%FTEC0.4% · 0%NSRGY0.4% · 0%HD0.4% · 0%IBM0.4% · 0%EFA0.4% · 0%ABT0.3% · 0%MTB0.3% · 0%CEG0.3% · +3%ADBE0.3% · 0%XME0.3% · 0%XLF0.3% · 0%HON0.3% · 0%ACN0.3% · 0%AEM0.2% · -49%BNY0.2% · newEUAD0.2% · -42%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q2 26 → Q3 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 64.9%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Mar 9, 2026.

Assets Under Management
$1.69B
Discretionary
$1.04B
Employees
18
Accounts
4,324
Address
1076 HIGHLAND COLONY PARKWAY
SUITE 291
RIDGELAND, MS 39157
Phone
(601) 362-5872
Website
Name Title / Status Ownership Type
CLARK, VAIDEN, ARTHUR ControlMANAGING DIRECTOR
since Aug 2018
25–50%Individual
GRINER, STEPHEN, M ControlMANAGING DIRECTOR
since Aug 2018
25–50%Individual
MARION, CHARLES, FULLER ControlMANAGING DIRECTOR
since Aug 2018
10–25%Individual
HIGGINS, ROSEANNCHIEF COMPLIANCE OFFICER
since Mar 2026
Less than 5%Individual
Ownership & leadership changes · 7 filings with changes since Aug 22, 2018

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Mar 6, 2026 filing
  • No longer listedMAY, TARA, CELESTE · PRESIDENT · Less than 5% · control person · listed since May 2022
  • No longer listedPAYNE, CHRISTOPHER, LEE · INTERIM CCO · Less than 5% · listed since Nov 2025
  • AddedHIGGINS, ROSEANN · CHIEF COMPLIANCE OFFICER · Less than 5%
Dec 4, 2025 filing
  • No longer listedJOHNSON, TORIAN · CHIEF COMPLIANCE OFFICER · Less than 5% · listed since Mar 2024
  • Listed againPAYNE, CHRISTOPHER, LEE · INTERIM CCO · Less than 5%
Mar 29, 2024 filing
  • No longer listedKERNEY, THOMAS, DEKARI · CHIEF COMPLIANCE OFFICER · Less than 5% · listed since Sep 2022
  • AddedJOHNSON, TORIAN · CHIEF COMPLIANCE OFFICER · Less than 5%
  • AddedMAY, TARA, CELESTE · PRESIDENT · Less than 5% · control person
May 5, 2023 filing
  • ChangedMARION, CHARLES, FULLER · ownership 25–50% → 10–25%
Sep 29, 2022 filing
  • No longer listedPAYNE, CHRISTOPHER, LEE · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Jan 2019
  • AddedKERNEY, THOMAS, DEKARI · CHIEF COMPLIANCE OFFICER · Less than 5%
Jan 10, 2020 filing
  • No longer listedBUEHLER, STEPHEN, CHRISTOPHER · MANAGING DIRECTOR · 25–50% · control person · listed since Aug 2018
Jan 31, 2019 filing
  • No longer listedSWENDIMAN, MATTHEW, ASHLEY · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Aug 2018
  • AddedPAYNE, CHRISTOPHER, LEE · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ChangedBUEHLER, STEPHEN, CHRISTOPHER · ownership 5–10% → 25–50%
  • ChangedCLARK, VAIDEN, ARTHUR · ownership 10–25% → 25–50%
  • ChangedGRINER, STEPHEN, M · ownership 10–25% → 25–50%
  • ChangedMARION, CHARLES, FULLER · ownership 10–25% → 25–50%
Aug 22, 2018 filing (earliest on record)
  • ListedBUEHLER, STEPHEN, CHRISTOPHER · MANAGING DIRECTOR · 5–10% · control person
  • ListedCLARK, VAIDEN, ARTHUR · MANAGING DIRECTOR · 10–25% · control person
  • ListedGRINER, STEPHEN, M · MANAGING DIRECTOR · 10–25% · control person
  • ListedMARION, CHARLES, FULLER · MANAGING DIRECTOR · 10–25% · control person
  • ListedSWENDIMAN, MATTHEW, ASHLEY · CHIEF COMPLIANCE OFFICER · Less than 5% · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

MAGNOLIA CAPITAL MANAGEMENT LTD Holdings (2026-09-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 Invesco Qqq Tr Unit Ser 1 QQQ 46090E103 $25.9M 18.34% 35,013 SH
2 State Street Spdr S&P 500 Etf SPY 78462F103 $22.2M 15.73% 29,128 SH
3 Apple Inc AAPL 037833100 $8.4M 5.95% 25,258 SH
4 iShares Core S&P Mid-Cap IJH 464287507 $8.4M 5.94% 116,605 SH
5 State Str Spdr Dow Jones Indl DIA 78467X109 $7.8M 5.52% 15,346 SH
6 Alphabet Inc Cap Stock Cl C GOOG 02079K107 $4.9M 3.45% 14,320 SH
7 iShares Core S & P Small Cap IJR 464287804 $4.5M 3.16% 32,764 SH
8 Berkshire Hathaway Inc Cl B BRK.B 084670702 $3.6M 2.52% 7,158 SH
9 iShares US Industries ETF IYJ 464287754 $3.1M 2.17% 19,966 SH
10 Cisco Systems Inc CSCO 17275R102 $2.9M 2.08% 27,260 SH
11 Microsoft Corp MSFT 594918104 $2.9M 2.05% 5,645 SH
12 Johnson & Johnson JNJ 478160104 $2.8M 2.01% 10,713 SH
13 NVIDIA Corp NVDA 67066G104 $2.2M 1.55% 9,600 SH
14 Select Sector SPDR Cons Discre XLY 81369Y407 $2.2M 1.53% 19,910 SH
15 Amazon.com Inc AMZN 023135106 $2.1M 1.47% 8,313 SH
16 BROADCOM INC COM AVGO 11135F101 $1.8M 1.28% 5,167 SH
17 Select Sector SPDR Industrials XLI 81369Y704 $1.5M 1.07% 9,090 SH
18 Select Sector SPDR Consumer St XLP 81369Y308 $1.4M 1.03% 17,995 SH
19 Select Sector SPDR Healthcare XLV 81369Y209 $1.4M 0.97% 8,175 SH
20 JPMorgan Chase & Co JPM 46625H100 $1.3M 0.92% 3,916 SH
21 Merck & Co Inc MRK 58933Y105 $1.2M 0.87% 8,417 SH
22 Valero Energy Corp VLO 91913Y100 $1.2M 0.86% 3,145 SH
23 iShares US Financials ETF IYF 464287788 $1.1M 0.79% 8,845 SH
24 Exxonmobil Holdings Corp XOM 30233Q108 $1.1M 0.77% 6,677 SH
25 Qualcomm Inc QCOM 747525103 $1.1M 0.76% 5,860 SH
26 Select Sector SPDR Tr Communic XLC 81369Y852 $987.0K 0.70% 8,891 SH
27 Dell Technologies Inc Cl C DELL 24703L202 $976.0K 0.69% 1,815 SH
28 AbbVie Inc ABBV 00287Y109 $967.0K 0.68% 3,695 SH
29 Royal Bank of Canada Montreal RY 780087102 $956.0K 0.68% 4,865 SH
30 Costco Wholesale Corp COST 22160K105 $921.0K 0.65% 1,012 SH
31 Amgen Inc AMGN 031162100 $917.0K 0.65% 2,175 SH
32 Procter And Gamble Co PG 742718109 $908.0K 0.64% 6,250 SH
33 ASML Holding NV NY Registry ASML N07059210 $788.0K 0.56% 435 SH
34 Vertiv Holdings LLC Cl A VRT 92537N108 $748.0K 0.53% 3,100 SH
35 iShares S&P 500 Val ETF IVE 464287408 $734.0K 0.52% 3,215 SH
36 PepsiCo Inc PEP 713448108 $697.0K 0.49% 5,500 SH
37 CSX Corp CSX 126408103 $693.0K 0.49% 14,895 SH
38 Wal-Mart Stores Inc WMT 931142103 $630.0K 0.45% 6,060 SH
39 iShares US Aer&Def ETF ITA 464288760 $625.0K 0.44% 3,015 SH
40 American Express Co AXP 025816109 $611.0K 0.43% 2,010 SH
41 SPDR Asia Pacific ETF GMF 78463X301 $603.0K 0.43% 3,860 SH
42 Trane Technologies PLC TT G8994E103 $601.0K 0.43% 1,330 SH
43 Realty Income Corp O 756109104 $582.0K 0.41% 10,710 SH
44 Air Prods & Chems Inc APD 009158106 $556.0K 0.39% 2,000 SH
45 Fidelity MSCI Info Tech I FTEC 316092808 $552.0K 0.39% 1,840 SH
46 Nestle SA Sp ADR NSRGY 641069406 $545.0K 0.39% 6,000 SH
47 Home Depot Inc HD 437076102 $541.0K 0.38% 1,900 SH
48 Intl Business Machines IBM 459200101 $540.0K 0.38% 2,457 SH
49 iShares MSCI EAFE ETF EFA 464287465 $511.0K 0.36% 4,915 SH
50 Abbott Laboratories ABT 002824100 $477.0K 0.34% 4,827 SH
Filing History
Period Filed AUM Holdings Accession
2026-09-30 2026-10-09 $141.2M 71 0001802361-26-000005
2026-06-30 2026-07-10 $144.9M 75 0001802361-26-000004
2026-03-31 2026-05-04 $148.3M 74 0001802361-26-000002
2025-12-31 2026-01-27 $134.4M 75 0001802361-26-000001
Filer Information
Address
145 MAIN STREET
COLD SPRING, NY 10516
Phone
(845) 809-5259
Filing Manager
MAGNOLIA CAPITAL MANAGEMENT LTD
COLD SPRING, NY
Signatory
Tamar Stubbs
Vice-President