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%|
Page 1 of 10 SEC Filing
Common Stock, par value $1.00 per share
February 18, 2016
|[ ]||Rule 13d-1(b)|
|[ ]||Rule 13d-1(d)|