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13G Filing: Magnolia Capital Fund Snatches Up More Shares of Northeast Bancorp (NBN)

Given the volatile nature of the markets, investors should pay attention to the latest moves made by elite hedge funds and other investors in their conviction picks, to get a better idea of the companies and sectors that they are confident in and those in which they may be losing faith. With that mind, we have embedded one of the newest 13G filings below and on the following pages, submitted to the SEC by Adam Peterson‘s Magnolia Capital Fund. The investment firm, one of the newer additions to our database, holds a 1.04 million-share position in Northeast Bancorp (NASDAQ:NBN) according to the filing, an increase of about 112,000 shares since the end of 2015., when Magnolia Capital Fund was the largest shareholder of the stock in our system.

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Magnolia Capital Fund 0 822,989 0 1,037,778 1,037,778 10.9%
The Magnolia Group 0 822,989 0 1,037,778 1,037,778 10.9%
Adam K. Peterson 0 822,989 0 1,037,778 1,037,778 10.9%
Adam Peterson
Adam Peterson
Magnolia Capital Fund

Page 1 of 10 SEC Filing

Washington, D.C. 20549

(Rule 13d-102)

Northeast Bancorp

(Name of Issuer)

Common Stock, par value $1.00 per share

(Title of Class of Securities)


(CUSIP Number)

February 18, 2016

(Date of Event Which Requires Filing of This Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
[   ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[   ] Rule 13d-1(d)

*                    The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
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