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Institutional Investment Manager
MAGNOLIA GROUP, LLC
MAGNOLIA GROUP, LLC (CIK: 0001618376). Institutional holdings reported to the SEC.

Institutional Holdings (2015Q4)
Portfolio Summary: 12 holdings with a total value of $110,657,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 ALLIANCE RESOURCE PARTNERS L 1,669,327 22,519,000 20.35%
2 BERKSHIRE HATHAWAY INC DEL 101,000 13,336,000 12.05%
3 Rush Enterprises Inc 501,128 10,975,000 9.92%
4 J.P. MORGAN CHASE & CO 358,594 9,704,000 8.77%
5 WELLS FARGO & CO NEW 451,235 9,246,000 8.36%
6 NORTHEAST BANCORP COM NEW 848,683 8,911,000 8.05%
7 ALLIANCE HOLDINGS GP LP COM UNITS LP 408,652 8,247,000 7.45%
8 PNC FINL SVCS GROUP INC 279,960 8,038,000 7.26%
9 C&F Financial Corp 196,420 7,660,000 6.92%
10 HALLADOR ENERGY COMPANY COM 1,196,955 5,458,000 4.93%
11 RUSH ENTERPRISES INC 194,970 4,268,000 3.86%
12 HALLMARK FINL SVCS INC EC COM NEW 196,348 2,295,000 2.07%

Portfolio data is normalized using SEC Form 13F filings, including the Restatement filing (0001398344-16-010732, filed 2016.03.07).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.