Q2 2026 13F · SEC CIK 1802361

Magnolia Capital Management Ltd

Wealth managerFiled 2026-07-10 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $144.9M
Reported positions: 75
Top holdings a year, 3 yrs: +19.3%
Assets under management: $227.7M

Magnolia Capital Management Ltd is a wealth manager that reported 75 positions worth $144.9M in its Q2 2026 13F, filed 2026-07-10. Its largest holdings were Invesco Qqq Tr (QQQ, 18.0%), Spdr S&p 500 ETF Tr (SPY, 15.3%), Ishares Tr (IJH, 6.2%). A portfolio copying its top holdings returned 19.3% a year over the last 3 years, against 20.4% for the S&P 500.

Magnolia Capital Management Ltd holdings largest 50 of 75 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Magnolia Capital Management Ltd 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
QQQInvesco Qqq Tr	18.0%	15.8%	35,345	-12.9%	$26.0M
SPYSpdr S&p 500 ETF Tr	15.3%	15.0%	29,595	-13.3%	$22.1M
IJHIshares Tr	6.2%	6.0%	117,375	-10.8%	$9.1M
DIAState Street Spdr Dow Jones Industrial A	5.6%	5.4%	15,426	-11.2%	$8.1M
AAPLApple Inc	5.1%	5.7%	25,578	-23.3%	$7.4M
GOOGAlphabet Inc	3.5%	3.3%	14,545	-15.1%	$5.1M
IJRIshares Core S&p Small Cap ETF	3.4%	3.1%	32,764	-12.5%	$4.9M
BRK-BBerkshire Hathaway Inc Del	2.5%	2.8%	7,158	-18.2%	$3.6M
IYJIshares U.s. Industrials ETF	2.3%	2.0%	20,076	+0.0%	$3.3M
CSCOCisco Sys Inc	2.2%	1.7%	27,530	-14.4%	$3.2M
JNJJohnson & Johnson	1.9%	1.8%	10,713	-3.6%	$2.7M
XLYConsumer Discretionary Select S	1.8%	1.7%	21,742	-8.6%	$2.5M
MSFTMicrosoft Corp	1.7%	1.7%	6,450	-3.5%	$2.4M
AMZNAmazon Com Inc Com	1.4%	1.2%	8,313	+0.1%	$2.0M
AVGOBroadcom Inc	1.3%	1.1%	5,167	-2.9%	$2.0M
NVDANvidia Corporation Com	1.3%	1.1%	9,601	+0.0%	$1.9M
XLPState Street Consumer Staples Select Sec	1.3%	1.2%	22,375	+0.0%	$1.9M
XLISelect Sector Spdr Tr	1.2%	1.3%	9,140	-25.1%	$1.7M
XLVSelect Sector Spdr Tr	0.9%	1.1%	8,305	-24.7%	$1.3M
JPMJpmorgan Chase & Co	0.9%	0.8%	3,916	+0.3%	$1.3M
IYFIshares Tr	0.8%	0.7%	8,845	+0.0%	$1.1M
QCOMQualcomm Inc	0.7%	0.5%	5,860	-4.4%	$1.1M
MRKMerck & Co. Inc	0.7%	0.9%	8,417	-24.8%	$1.1M
VRTVertiv Holdings Co	0.7%	0.6%	3,100	-17.1%	$1.0M
RYRoyal Bank of Canada	0.7%	0.6%	4,865	-14.1%	$1.0M
XLCSelect Sector Spdr Tr	0.7%	0.8%	8,891	-16.7%	$952K
COSTCostco Whsl Corp New	0.7%	0.7%	1,012	+0.4%	$947K
ABBVAbbvie Inc	0.6%	0.5%	3,695	+0.3%	$930K
PGProcter & Gamble Co Com	0.6%	0.6%	6,250	+0.0%	$916K
XOMExxon Mobil Corp	0.6%	0.8%	6,689	-6.3%	$915K
ASMLAsml Hldg NV	0.6%	0.5%	436	-13.7%	$867K
VLOValero Energy Corp	0.6%	0.5%	3,145	+0.0%	$819K
AMGNAmgen Inc Com	0.5%	0.6%	2,175	-16.8%	$788K
DELLDell Technologies Inc	0.5%	—	1,815	—	$783K
PEPPepsico Inc	0.5%	0.6%	5,512	-10.7%	$746K
ORealty Income Corp	0.5%	0.6%	12,036	-14.7%	$746K
ITAIshares U.s. Aerospace & Defense ETF	0.5%	0.6%	3,015	-22.0%	$731K
IVEIshares S&p 500 Value ETF	0.5%	0.7%	3,215	-29.9%	$730K
CSXCsx Corp Com	0.5%	0.4%	14,895	+0.0%	$708K
IBMInternational Business Machs	0.5%	0.5%	2,457	-20.4%	$691K
WMTWalmart Inc	0.5%	0.7%	6,060	-22.2%	$686K
AXPAmerican Express Co Com	0.5%	0.5%	2,010	-21.3%	$680K
HDHome Depot Inc Com	0.5%	0.5%	1,900	-18.1%	$670K
TTTrane Technologies PLC	0.5%	—	1,330	—	$653K
NSRGYNestle S.a. Sp/adr-For Reg (che)	0.4%	0.4%	6,000	-7.7%	$616K
GMFSpdr S&p Emerging Asia Pacific ETF	0.4%	0.5%	3,860	-30.1%	$606K
APDAir Products and Chemicals Inc	0.4%	—	2,000	—	$586K
AEMAgnico Eagle Mines Ltd	0.4%	0.5%	3,680	-7.8%	$571K
EUADSpinnaker ETF Series	0.4%	0.4%	13,385	-13.6%	$565K
FTECFidelity Covington Trust	0.4%	—	1,840	—	$525K

What Magnolia Capital Management Ltd bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

No position grew by more than 5%.

Reduced

GMF Spdr S&p Emerging Asia Pacific ETF-30.1% shares
IVE Ishares S&p 500 Value ETF-29.9% shares
XLI Select Sector Spdr Tr-25.1% shares
MRK Merck & Co. Inc-24.8% shares
XLV Select Sector Spdr Tr-24.7% shares
AAPL Apple Inc-23.3% shares
WMT Walmart Inc-22.2% shares
ITA Ishares U.s. Aerospace & Defense ETF-22.0% shares

Left the top 50

MTB M & T Bk Corpwas 1.9%
BNY Bank of New York Mellon Corpwas 0.8%
LLY Lilly Eli & Cowas 0.7%
HON Honeywell Intl Incwas 0.6%

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +25.1% /yr; S&P 500 +20.1%
3 years: +19.3% /yr; S&P 500 +20.4%
5 years: +10.4% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$144.9M	75
Q1 2026	$148.3M	74
Q4 2025	$134.4M	75
Q3 2025	$130.3M	70
Q2 2025	$125.2M	75
Q1 2025	$116.6M	72
Q4 2024	$125.9M	72
Q3 2024	$125.8M	71
Q2 2024	$119.2M	69
Q1 2024	$117.8M	68
Q4 2023	$109.6M	69
Q3 2023	$102.9M	126

Questions about Magnolia Capital Management Ltd's portfolio

What stocks does Magnolia Capital Management Ltd own?

Magnolia Capital Management Ltd's latest 13F, for Q2 2026 and filed Jul 10, 2026, lists 75 positions worth $144.9M. The largest are Invesco Qqq Tr (QQQ) at 18.0%, Spdr S&p 500 ETF Tr (SPY) at 15.3%, Ishares Tr (IJH) at 6.2%, State Street Spdr Dow Jones Industrial A (DIA) at 5.6% and Apple Inc (AAPL) at 5.1%.

What did Magnolia Capital Management Ltd buy last quarter?

Magnolia Capital Management Ltd opened no new positions and grew none by more than 5% among its largest holdings in Q2 2026.

What did Magnolia Capital Management Ltd sell last quarter?

In Q2 2026, Magnolia Capital Management Ltd cut from its top 50 M & T Bk Corp (MTB), cut from its top 50 Bank of New York Mellon Corp (BNY), cut from its top 50 Lilly Eli & Co (LLY), cut from its top 50 Honeywell Intl Inc (HON), Spdr S&p Emerging Asia Pacific ETF (GMF) (-30.1% shares), Ishares S&p 500 Value ETF (IVE) (-29.9% shares) and Select Sector Spdr Tr (XLI) (-25.1% shares), compared with its Q1 2026 filing.

How has Magnolia Capital Management Ltd's portfolio performed?

A portfolio copying Magnolia Capital Management Ltd's 20 largest 13F holdings each quarter, from the day each filing was public, returned +19.3% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +25.1% against +20.1%. Over 5 years: +10.4% a year against +11.6%.

When is Magnolia Capital Management Ltd's next 13F filing due?

13F filings are due 45 days after each quarter ends. Magnolia Capital Management Ltd's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Magnolia Capital Management Ltd manage?

Magnolia Capital Management Ltd reported $227.7M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $144.9M.