SCHEDULE: Magnolia Capital Fund Reports 14.3% Stake in RE/MAX Holdings

Magnolia Capital Fund, LP, along with The Magnolia Group, LLC and Adam K. Peterson, reported a 14.3% beneficial ownership stake in RE/MAX Holdings, Inc. Class A Common Stock.

Summary

• Magnolia Capital Fund, LP, The Magnolia Group, LLC, and Adam K. Peterson jointly reported beneficial ownership of 2,867,198 shares of RE/MAX Holdings, Inc. Class A Common Stock.
• This represents 14.3% of the Class A Common Stock outstanding.
• The shares are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
• The reporting persons have sole voting and dispositive power over all 2,867,198 shares.
• The event date requiring this filing was September 30, 2025.

Sentiment

Score: 6

Explanation: The filing reports a significant increase in institutional ownership, which is generally viewed as a positive signal of investor confidence, although it is a factual ownership disclosure without explicit operational or financial performance details.

Positives

• Increased institutional ownership by Magnolia Capital Fund, LP, which may signal confidence in RE/MAX Holdings, Inc.
• The acquisition of shares is stated to be in the ordinary course of business, not for control purposes, suggesting a passive investment strategy.

Future Outlook

Not applicable as this filing is an ownership disclosure and does not provide forward-looking statements or guidance from the issuer.

Industry Context

The real estate brokerage industry, in which RE/MAX Holdings operates, is subject to market cycles, interest rate fluctuations, and technological disruption. An increased institutional stake by Magnolia Capital Fund could be interpreted as a long-term bullish view on the sector or the company's position within it, despite broader market conditions.

Stakeholder Impact

• Shareholders: Increased institutional ownership may lead to greater market confidence and potentially influence stock valuation.
• Management: A significant institutional investor may increase scrutiny or engagement regarding corporate strategy and performance.

Key Dates

Keywords

RE/MAX Holdings, RMAX, Magnolia Capital Fund, The Magnolia Group, Adam K. Peterson, Beneficial Ownership, Schedule 13G, Class A Common Stock, Real Estate Brokerage, Institutional Investment