# MAGNOLIA CAPITAL MANAGEMENT LTD

> Institutional holdings reported to the SEC as of Q3 2026 on Form 13F. CIK 1802361. Source: https://holderbook.com/funds/1802361-magnolia-capital-management-ltd/

- Reported value: $141.2K
- Positions: 71
- Weight of the ten largest: 64.9%
- Filed: 2026-10-09

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $25.9K | 35,013 | 18.3% | 28 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $22.2K | 29,128 | 15.7% | 28 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $8.4K | 25,258 | 6.0% | 28 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $8.4K | 116,605 | 5.9% | 28 |
| STATE STR SPDR DOW JONES IND | [DIA](https://holderbook.com/stocks/DIA/) | $7.8K | 15,346 | 5.5% | 28 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $4.9K | 14,320 | 3.5% | 28 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $4.5K | 32,764 | 3.2% | 28 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $3.6K | 7,158 | 2.5% | 28 |
| ISHARES TR | [IYJ](https://holderbook.com/stocks/IYJ/) | $3.1K | 19,966 | 2.2% | 28 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $2.9K | 27,260 | 2.1% | 28 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.9K | 5,645 | 2.0% | 28 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $2.8K | 10,713 | 2.0% | 28 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $2.2K | 9,600 | 1.6% | 21 |
| SELECT SECTOR SPDR TR | [XLY](https://holderbook.com/stocks/XLY/) | $2.2K | 19,910 | 1.5% | 28 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $2.1K | 8,313 | 1.5% | 27 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $1.8K | 5,167 | 1.3% | 21 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $1.5K | 9,090 | 1.1% | 28 |
| SELECT SECTOR SPDR TR | [XLP](https://holderbook.com/stocks/XLP/) | $1.4K | 17,995 | 1.0% | 28 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $1.4K | 8,175 | 1.0% | 28 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.3K | 3,916 | 0.9% | 21 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $1.2K | 8,417 | 0.9% | 21 |
| VALERO ENERGY CORP | [VLO](https://holderbook.com/stocks/VLO/) | $1.2K | 3,145 | 0.9% | 21 |
| ISHARES TR | [IYF](https://holderbook.com/stocks/IYF/) | $1.1K | 8,845 | 0.8% | 28 |
| EXXONMOBIL HOLDINGS CORP COM SHS | [XOM](https://holderbook.com/stocks/XOM/) | $1.1K | 6,677 | 0.8% | 1 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $1.1K | 5,860 | 0.8% | 27 |
| SELECT SECTOR SPDR TR | [XLC](https://holderbook.com/stocks/XLC/) | $987 | 8,891 | 0.7% | 28 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $976 | 1,815 | 0.7% | 6 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $967 | 3,695 | 0.7% | 21 |
| ROYAL BK CDA | [RY](https://holderbook.com/stocks/RY/) | $956 | 4,865 | 0.7% | 28 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $921 | 1,012 | 0.7% | 21 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $917 | 2,175 | 0.6% | 21 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $908 | 6,250 | 0.6% | 21 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $788 | 435 | 0.6% | 13 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $748 | 3,100 | 0.5% | 6 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $734 | 3,215 | 0.5% | 12 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $697 | 5,500 | 0.5% | 28 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $693 | 14,895 | 0.5% | 28 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $630 | 6,060 | 0.4% | 21 |
| ISHARES TR | [ITA](https://holderbook.com/stocks/ITA/) | $625 | 3,015 | 0.4% | 19 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $611 | 2,010 | 0.4% | 21 |
| SPDR INDEX SHS FDS | [GMF](https://holderbook.com/stocks/GMF/) | $603 | 3,860 | 0.4% | 28 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $601 | 1,330 | 0.4% | 21 |
| REALTY INCOME CORP | [O](https://holderbook.com/stocks/O/) | $582 | 10,710 | 0.4% | 28 |
| AIR PRODUCTS AND CHEMICALS I | [APD](https://holderbook.com/stocks/APD/) | $556 | 2,000 | 0.4% | 21 |
| FIDELITY COVINGTON TRUST | [FTEC](https://holderbook.com/stocks/FTEC/) | $552 | 1,840 | 0.4% | 27 |
| NESTLE SA ADR | [NSRGY](https://holderbook.com/stocks/NSRGY/) | $545 | 6,000 | 0.4% | 21 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $541 | 1,900 | 0.4% | 21 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $540 | 2,457 | 0.4% | 28 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $511 | 4,915 | 0.4% | 8 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $477 | 4,827 | 0.3% | 21 |
| M & T BK CORP | [MTB](https://holderbook.com/stocks/MTB/) | $453 | 2,080 | 0.3% | 24 |
| CONSTELLATION ENERGY CORP | [CEG](https://holderbook.com/stocks/CEG/) | $436 | 1,715 | 0.3% | 9 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $432 | 1,800 | 0.3% | 21 |
| SPDR SERIES TRUST | [XME](https://holderbook.com/stocks/XME/) | $421 | 4,065 | 0.3% | 19 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $371 | 6,955 | 0.3% | 20 |
| HONEYWELL INTL INC | [HON](https://holderbook.com/stocks/HON/) | $369 | 1,750 | 0.3% | 2 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $367 | 2,000 | 0.3% | 21 |
| AGNICO EAGLE MINES LTD | [AEM](https://holderbook.com/stocks/AEM/) | $344 | 1,875 | 0.2% | 4 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $326 | 2,257 | 0.2% | 8 |
| SPINNAKER ETF SERIES | [EUAD](https://holderbook.com/stocks/EUAD/) | $324 | 7,745 | 0.2% | 7 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $306 | 3,775 | 0.2% | 7 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $302 | 4,910 | 0.2% | 7 |
| HONEYWELL AEROSPACE INC | [HONA](https://holderbook.com/stocks/HONA/) | $271 | 1,750 | 0.2% | 2 |
| SELECT SECTOR SPDR TR | [XLU](https://holderbook.com/stocks/XLU/) | $268 | 6,790 | 0.2% | 7 |
| ISHARES TR | [ACWI](https://holderbook.com/stocks/ACWI/) | $264 | 1,665 | 0.2% | 6 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $242 | 864 | 0.2% | 2 |
| DICKS SPORTING GOODS INC | [DKS](https://holderbook.com/stocks/DKS/) | $240 | 1,785 | 0.2% | 12 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $229 | 666 | 0.2% | 4 |
| FIDELITY COVINGTON TRUST | [FDIS](https://holderbook.com/stocks/FDIS/) | $229 | 2,420 | 0.2% | 20 |
| PROSHARES TR | [TDV](https://holderbook.com/stocks/TDV/) | $229 | 2,300 | 0.2% | 2 |
| ISHARES INC | [EWG](https://holderbook.com/stocks/EWG/) | $209 | 5,055 | 0.1% | 6 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +14.9% | +14.8% | +0.0% | 100% |
| Q1 2026 | -2.7% | -4.6% | +1.9% | 100% |
| Q4 2025 | +3.1% | +2.4% | +0.8% | 100% |
| Q3 2025 | +7.8% | +7.8% | -0.0% | 100% |
| Q2 2025 | +8.1% | +10.5% | -2.4% | 100% |
| Q1 2025 | -4.6% | -4.6% | -0.1% | 100% |
| Q4 2024 | +1.3% | +2.1% | -0.8% | 100% |
| Q3 2024 | +5.4% | +5.4% | -0.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2026 | $141.2K | 71 |
| 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 |