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13G Filing: Magnolia Capital Fund Trims Stake in Northeast Bancorp (NBN)

After adding a new stake of 925,034 shares of Northeast Bancorp (NASDAQ:NBN) to its portfolio during the fourth quarter, Adam Peterson‘s Magnolia Capital Fund has since trimmed its stake to 822,989 shares according to a new 13G filing with the SEC. The updated position represents a decrease of about 215,000 shares from the investment firm’s position reported a few days earlier. You can see the latest details in the filing below.

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 0 822,989 822,989 9.7%
The Magnolia Group 0 822,989 0 822,989 822,989 9.7%
Adam K. Peterson 0 822,989 0 822,989 822,989 9.7%
Adam Peterson
Adam Peterson
Magnolia Capital Fund

Page 1 of 10 SEC Filing

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(AMENDMENT NO. 4)*

Northeast Bancorp


(Name of Issuer)

Voting Common Stock, par value $1.00 per share


(Title of Class of Securities)

663904209


(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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