Hedge Fund - Magnolia Capital Fund

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No. Security Ticker Shares Value Activity % Port History
1. NNI 1,900,000 $215,232,000 36.42%
2. ARLP 3,434,871 $85,871,775 -1% 14.53%
3. BOC 5,589,253 $83,112,192 14.06%
4. CRMT 1,582,363 $66,332,657 +106% 11.22%
5. RMAX 3,150,674 $39,225,891 +1% 6.63%