# EDGAR Filing Document

**Accession Number:** 0001802361
**File Stem:** 0001802361-25-000006
**Filing Date:** 2025-10
**Character Count:** 10187
**Document Hash:** 4a8962f4a8a0e4048e8c512bc6b435f8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001802361-25-000006.hdr.sgml**: 20251029

**ACCESSION NUMBER**: 0001802361-25-000006

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251029

**DATE AS OF CHANGE**: 20251029

**EFFECTIVENESS DATE**: 20251029

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MAGNOLIA CAPITAL MANAGEMENT LTD
- **CENTRAL INDEX KEY:** 0001802361

**ORGANIZATION NAME:**
- **EIN:** 030398089
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-19955
- **FILM NUMBER:** 251428738

**BUSINESS ADDRESS:**
- **STREET 1:** 145 MAIN STREET
- **CITY:** COLD SPRING
- **STATE:** NY
- **ZIP:** 10516
- **BUSINESS PHONE:** 8458095259

**MAIL ADDRESS:**
- **STREET 1:** PO BOX 330
- **CITY:** COLD SPRING
- **STATE:** NY
- **ZIP:** 10516

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** MAGNOLIA CAPITAL MANAGEMENT LTD<br>**Address:** PO BOX 330<br>COLD SPRING, NY 10516

**Form 13F File Number:** 028-19955

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Tamar Stubbs<br>**Title:** Vice-President<br>**Phone:** 845-809-5259

**Signature, Place, and Date of Signing:**

Tamar Stubbs  Cold Spring, NY  10-29-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 70

**Form 13F Information Table Value Total:** $130340

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| Abbott Laboratories | COM | 002824100 |  | 647 | 4827 | SH |  | SOLE |  | 0 | 0 | 4827 |
| AbbVie Inc | COM | 00287y109 |  | 853 | 3685 | SH |  | SOLE |  | 0 | 0 | 3685 |
| Accenture PLC Ireland Class A | COM | g1151c101 |  | 496 | 2011 | SH |  | SOLE |  | 0 | 0 | 2011 |
| Adobe Inc | COM | 00724f101 |  | 635 | 1800 | SH |  | SOLE |  | 0 | 0 | 1800 |
| Air Prods  Chems Inc | COM | 009158106 |  | 548 | 2010 | SH |  | SOLE |  | 0 | 0 | 2010 |
| Alphabet Inc Cap Stock Cl C | COM | 02079k107 |  | 4183 | 17175 | SH |  | SOLE |  | 0 | 0 | 17175 |
| Amazon.com Inc | COM | 023135106 |  | 1817 | 8275 | SH |  | SOLE |  | 0 | 0 | 8275 |
| American Express Co | COM | 025816109 |  | 664 | 2000 | SH |  | SOLE |  | 0 | 0 | 2000 |
| Amgen Inc | COM | 031162100 |  | 593 | 2100 | SH |  | SOLE |  | 0 | 0 | 2100 |
| Apple Inc | COM | 037833100 |  | 6912 | 27147 | SH |  | SOLE |  | 0 | 0 | 27147 |
| Bank New York Mellon Corp | COM | 064058100 |  | 290 | 2657 | SH |  | SOLE |  | 0 | 0 | 2657 |
| Berkshire Hathaway Inc Cl B | COM | 084670702 |  | 3601 | 7163 | SH |  | SOLE |  | 0 | 0 | 7163 |
| BROADCOM INC COM | COM | 11135f101 |  | 1699 | 5150 | SH |  | SOLE |  | 0 | 0 | 5150 |
| Cisco Systems Inc | COM | 17275r102 |  | 1800 | 26312 | SH |  | SOLE |  | 0 | 0 | 26312 |
| Constellation Energy Corp | COM | 21037t109 |  | 525 | 1595 | SH |  | SOLE |  | 0 | 0 | 1595 |
| Costco Wholesale Corp | COM | 22160k105 |  | 933 | 1008 | SH |  | SOLE |  | 0 | 0 | 1008 |
| CSX Corp | COM | 126408103 |  | 529 | 14895 | SH |  | SOLE |  | 0 | 0 | 14895 |
| Dell Technologies Inc Cl C | COM | 24703l202 |  | 257 | 1815 | SH |  | SOLE |  | 0 | 0 | 1815 |
| Dicks Sporting Goods Inc | COM | 253393102 |  | 397 | 1785 | SH |  | SOLE |  | 0 | 0 | 1785 |
| Exxon Mobil Corp | COM | 30231g102 |  | 753 | 6677 | SH |  | SOLE |  | 0 | 0 | 6677 |
| Home Depot Inc | COM | 437076102 |  | 778 | 1920 | SH |  | SOLE |  | 0 | 0 | 1920 |
| Honeywell Intl Inc | COM | 438516106 |  | 737 | 3500 | SH |  | SOLE |  | 0 | 0 | 3500 |
| Intl Business Machines | COM | 459200101 |  | 693 | 2457 | SH |  | SOLE |  | 0 | 0 | 2457 |
| Johnson  Johnson | COM | 478160104 |  | 2001 | 10790 | SH |  | SOLE |  | 0 | 0 | 10790 |
| JPMorgan Chase  Co | COM | 46625h100 |  | 1128 | 3575 | SH |  | SOLE |  | 0 | 0 | 3575 |
| M  T Bank Corp | COM | 55261f104 |  | 441 | 2230 | SH |  | SOLE |  | 0 | 0 | 2230 |
| Merck  Co Inc | COM | 58933y105 |  | 705 | 8400 | SH |  | SOLE |  | 0 | 0 | 8400 |
| Microsoft Corp | COM | 594918104 |  | 3371 | 6509 | SH |  | SOLE |  | 0 | 0 | 6509 |
| NVIDIA Corp | COM | 67066g104 |  | 1778 | 9530 | SH |  | SOLE |  | 0 | 0 | 9530 |
| PepsiCo Inc | COM | 713448108 |  | 775 | 5516 | SH |  | SOLE |  | 0 | 0 | 5516 |
| Procter And Gamble Co | COM | 742718109 |  | 960 | 6250 | SH |  | SOLE |  | 0 | 0 | 6250 |
| Qualcomm Inc | COM | 747525103 |  | 1016 | 6110 | SH |  | SOLE |  | 0 | 0 | 6110 |
| Royal Bank of Canada Montreal | COM | 780087102 |  | 616 | 4180 | SH |  | SOLE |  | 0 | 0 | 4180 |
| Trane Technologies PLC | COM | g8994e103 |  | 561 | 1330 | SH |  | SOLE |  | 0 | 0 | 1330 |
| Valero Energy Corp | COM | 91913y100 |  | 511 | 3000 | SH |  | SOLE |  | 0 | 0 | 3000 |
| Vertiv Holdings LLC Cl A | COM | 92537n108 |  | 389 | 2580 | SH |  | SOLE |  | 0 | 0 | 2580 |
| Wal-Mart Stores Inc | COM | 931142103 |  | 625 | 6060 | SH |  | SOLE |  | 0 | 0 | 6060 |
| ASML Holding NV NY Registry | ADR | n07059210 |  | 421 | 435 | SH |  | SOLE |  | 0 | 0 | 435 |
| Deutsche Telekom AG Sp ADR | ADR | 251566105 |  | 397 | 11615 | SH |  | SOLE |  | 0 | 0 | 11615 |
| Nestle SA Sp ADR | ADR | 641069406 |  | 551 | 6000 | SH |  | SOLE |  | 0 | 0 | 6000 |
| Fidelity MSCI Consm Dis | UIU | 316092204 |  | 791 | 7685 | SH |  | SOLE |  | 0 | 0 | 7685 |
| Fidelity MSCI Info Tech I | UIU | 316092808 |  | 517 | 2325 | SH |  | SOLE |  | 0 | 0 | 2325 |
| Invesco Qqq Tr Unit Ser 1 | UIU | 46090e103 |  | 22320 | 37177 | SH |  | SOLE |  | 0 | 0 | 37177 |
| iShares Core MSCI Emerg Mkt | UIU | 46434g103 |  | 249 | 3775 | SH |  | SOLE |  | 0 | 0 | 3775 |
| iShares Core S  P Small Cap | UIU | 464287804 |  | 3885 | 32694 | SH |  | SOLE |  | 0 | 0 | 32694 |
| iShares Core S Mid-Cap | UIU | 464287507 |  | 7899 | 121035 | SH |  | SOLE |  | 0 | 0 | 121035 |
| iShares MSCI ACWI ETF | UIU | 464288257 |  | 230 | 1665 | SH |  | SOLE |  | 0 | 0 | 1665 |
| iShares MSCI EAFE ETF | UIU | 464287465 |  | 459 | 4915 | SH |  | SOLE |  | 0 | 0 | 4915 |
| iShares MSCI Germany ETF | UIU | 464286806 |  | 210 | 5055 | SH |  | SOLE |  | 0 | 0 | 5055 |
| iShares S 500 Val ETF | UIU | 464287408 |  | 916 | 4435 | SH |  | SOLE |  | 0 | 0 | 4435 |
| iShares US Aer ETF | UIU | 464288760 |  | 631 | 3015 | SH |  | SOLE |  | 0 | 0 | 3015 |
| iShares US Financials ETF | UIU | 464287788 |  | 1120 | 8845 | SH |  | SOLE |  | 0 | 0 | 8845 |
| iShares US Industries ETF | UIU | 464287754 |  | 3211 | 22010 | SH |  | SOLE |  | 0 | 0 | 22010 |
| Select Sector SPDR Cons Discre | UIU | 81369y407 |  | 2617 | 10921 | SH |  | SOLE |  | 0 | 0 | 10921 |
| Select Sector SPDR Consumer St | UIU | 81369y308 |  | 1787 | 22800 | SH |  | SOLE |  | 0 | 0 | 22800 |
| Select Sector SPDR Energy | UIU | 81369y506 |  | 226 | 2535 | SH |  | SOLE |  | 0 | 0 | 2535 |
| Select Sector SPDR Financial | UIU | 81369y605 |  | 375 | 6955 | SH |  | SOLE |  | 0 | 0 | 6955 |
| Select Sector SPDR Healthcare | UIU | 81369y209 |  | 1612 | 11585 | SH |  | SOLE |  | 0 | 0 | 11585 |
| Select Sector SPDR Industrials | UIU | 81369y704 |  | 1456 | 9440 | SH |  | SOLE |  | 0 | 0 | 9440 |
| Select Sector SPDR Tr Communic | UIU | 81369y852 |  | 1160 | 9804 | SH |  | SOLE |  | 0 | 0 | 9804 |
| Select Sector SPDR Utilities | UIU | 81369y886 |  | 324 | 3720 | SH |  | SOLE |  | 0 | 0 | 3720 |
| SPDR Asia Pacific ETF | UIU | 78463x301 |  | 815 | 5865 | SH |  | SOLE |  | 0 | 0 | 5865 |
| SPDR Dow Jones Industrial Avrg | UIU | 78467x109 |  | 7617 | 16425 | SH |  | SOLE |  | 0 | 0 | 16425 |
| SPDR S 500 ETF Tr | UIU | 78462f103 |  | 20588 | 30904 | SH |  | SOLE |  | 0 | 0 | 30904 |
| SPDR S Metals Mining | UIU | 78464a755 |  | 379 | 4065 | SH |  | SOLE |  | 0 | 0 | 4065 |
| Spinnaker Etf Series Select St | UIU | 84858t772 |  | 340 | 7235 | SH |  | SOLE |  | 0 | 0 | 7235 |
| Vanguard Mid Cap ETF | UIU | 922908629 |  | 573 | 1950 | SH |  | SOLE |  | 0 | 0 | 1950 |
| Fidelity Tr 500 Index Ins Prem | MTF | 315911750 |  | 372 | 1598 | SH |  | SOLE |  | 0 | 0 | 1598 |
| Enterprise Products Partners L | ML | 293792107 |  | 407 | 13015 | SH |  | SOLE |  | 0 | 0 | 13015 |
| Realty Income Corp | RET | 756109104 |  | 670 | 11025 | SH |  | SOLE |  | 0 | 0 | 11025 |

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