MCM

Magnolia Capital Management Portfolio holdings

AUM $117M

This Quarter Return

-3.6%

1 Year Return

+7.9%

3 Year Return

+27.58%

5 Year Return

+126.77%

10 Year Return

–

AUM

$117M

AUM Growth

-$9.33M (-7%)

Cap. Flow

-$3.63M

Cap. Flow % of AUM

-3.12%

Top 10 Holdings %Top 10 Hldgs %

61.06%

Holding

New

Increased

Reduced

Closed

Top Buys

1	Utilities Select Sector SPDR Fund XLU	$293K
2	Berkshire Hathaway Class B BRK.B	$269K
3	SPDR S&P Emerging Asia Pacific ETF GMF	$254K
4	EUAD Select STOXX Europe Aerospace & Defense ETF EUAD	$243K
5	Energy Select Sector SPDR Fund XLE	$237K

Top Sells

1	SPDR S&P 500 ETF Trust SPY	$912K
2	Invesco QQQ Trust QQQ	$781K
3	iShares Core S&P Small-Cap ETF IJR	$493K
4	Broadcom AVGO	$477K
5	ProShares S&P Technology Dividend Aristocrats ETF TDV	$377K

Sector Composition

1	Technology	13.16%
2	Financials	5.46%
3	Healthcare	3.95%
4	Consumer Staples	3.42%
5	Communication Services	2.67%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
51	51 CSX Corp CSX $64.6B	$438K	0.38%	14,895	–	–
52	DT 52 DELISTED DEUTSCHE TELEKOM AG ADS (1ORD) DT	$429K	0.37%	11,615	–	–
53	53 iShares MSCI EAFE ETF EFA $63.7B	$402K	0.34%	4,915 +1,780	+57%	+$146K
54	54 M&T Bank MTB $30.7B	$399K	0.34%	2,230	–	–
55	55 Valero Energy VLO $45.8B	$396K	0.34%	3,000	–	–
56	56 Oneok OKE $52B	$395K	0.34%	3,982	–	–
57	57 Dick's Sporting Goods DKS $16.8B	$360K	0.31%	1,785	–	–
58	58 NextEra Energy, Inc. NEE $156B	$354K	0.3%	4,994	–	–
59	59 Financial Select Sector SPDR Fund XLF $51.1B	$346K	0.3%	6,955 +525	+8%	+$26.1K
60	60 Fidelity MSCI Information Technology Index ETF FTEC $14.5B	$335K	0.29%	2,075 -35	-2%	-$5.65K
61	61 Crown Castle CCI $45.8B	$333K	0.29%	3,195 -1,115	-26%	-$116K
62	62 Utilities Select Sector SPDR Fund XLU $20.1B	$293K	0.25%	+3,720	New	+$293K
63	63 ASML ASML $289B	$288K	0.25%	435 -45	-9%	-$29.8K
64	64 Constellation Energy CEG $101B	$256K	0.22%	1,270	–	–
65	EUAD 65 Select STOXX Europe Aerospace & Defense ETF EUAD $1.12B	$243K	0.21%	+7,235	New	+$243K
66	66 Energy Select Sector SPDR Fund XLE $27.4B	$237K	0.2%	+2,535	New	+$237K
67	67 SPDR S&P Metals & Mining ETF XME $2.18B	$228K	0.2%	4,065	–	–
68	68 Bank of New York Mellon BK $69.7B	$223K	0.19%	2,657	–	–
69	69 iShares Core MSCI Emerging Markets ETF IEMG $99.2B	$204K	0.17%	+3,775	New	+$204K
70	70 Dell DELL $88.8B	–	–	-1,815	Closed	-$209K
71	71 Pfizer PFE $139B	–	–	-13,650	Closed	-$362K
72	72 ProShares S&P Technology Dividend Aristocrats ETF TDV $259M	–	–	-4,990	Closed	-$377K
73	73 Vertiv VRT $49.2B	–	–	-2,580	Closed	-$293K