13D Filing: Magnolia Capital Fund, Lp and Nicholas Financial Inc (NASDAQ:NICK)

1.

 NAMES OF REPORTING PERSONS

 Magnolia Capital Fund, LP

2.

 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (see instructions)

 (a)  [   ]

 (b)  [   ]

3.

 SEC USE ONLY

4.

 SOURCE OF FUNDS (see instructions)

 WC

5.

 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)  [   ]

6.

 CITIZENSHIP OR PLACE OF ORGANIZATION

 STATE OF DELAWARE, UNITED STATES OF AMERICA

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

7.

 SOLE VOTING POWER (power for all SMAs)

 1,321,019

8.

 SHARED VOTING POWER

 0

9.

 SOLE DISPOSITIVE POWER

 1,321,019

10.

 SHARED DISPOSITIVE POWER

 0

11.

 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

12.

 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 (see instructions)

13.

 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 17%

14.

 TYPE OF REPORTING PERSON (see instructions)

 PN

CUSIP No. 65373J209

13D