Magnolia reports 13.2% stake in RE/MAX Holdings

Magnolia Capital Fund, The Magnolia Group and Adam K. Peterson jointly report beneficial ownership of 13.2% of RE/MAX Holdings, Inc. Class A common stock, equal to 2,665,643 shares.

Rhea-AI Filing Summary

Magnolia Capital Fund, The Magnolia Group and Adam K. Peterson jointly report beneficial ownership of 13.2% of RE/MAX Holdings, Inc. Class A common stock, equal to 2,665,643 shares. The filing states that The Magnolia Group and Mr. Peterson may be deemed indirect beneficial owners because TMG is the general partner of MCF and Mr. Peterson is the managing member; both disclaim beneficial ownership. The joint filing is reflected in a Schedule 13G/A Amendment No. 4 signed on 04/08/2026.

Insights

Institutional Ownership Analyst

Joint Schedule 13G/A shows a 13.2% stake held via Magnolia-related entities.

The filing lists 2,665,643 shares and 13.2% beneficial ownership in Class A common stock, attributed to Magnolia Capital Fund, LP, with The Magnolia Group, LLC as general partner and Adam K. Peterson as managing member. The document includes a joint filing agreement dated 04/08/2026.

Ownership is presented as long/beneficial filing information rather than an active transaction. Future disclosures or amendments would clarify changes; timing and cash‑flow treatment are not addressed in the excerpt.

Key Figures

Shares beneficially owned: 2,665,643 shares Percent of class: 13.2% CUSIP: 75524W108

3 metrics

Shares beneficially owned 2,665,643 shares Amount beneficially owned reported in Schedule 13G/A

Percent of class 13.2% Percent of Class A common stock as reported

CUSIP 75524W108 Identifier listed for Class A common stock

Key Terms

Schedule 13G/A, Beneficial ownership, Joint Filing Agreement

3 terms

Schedule 13G/A regulatory

"Joint filing on beneficial ownership amendment"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

Beneficial ownership financial

"Amount beneficially owned: 2,665,643 (13.2%)"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Joint Filing Agreement legal

"Joint Filing Agreement, dated as of April 8, 2026"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What stake does Magnolia report in RE/MAX Holdings (RMAX)?

They report beneficial ownership of 2,665,643 shares (13.2%). The Schedule 13G/A Amendment states this amount for Magnolia Capital Fund, with TMG and Adam K. Peterson listed as related reporting persons.

Who are the reporting persons on the Schedule 13G/A for RMAX?

Magnolia Capital Fund, LP; The Magnolia Group, LLC; and Adam K. Peterson are joint filers. TMG is MCF's general partner and Mr. Peterson is TMG's managing member, per the filing's ownership disclosure.

Do The Magnolia Group and Adam Peterson claim direct ownership?

No — TMG and Mr. Peterson disclaim beneficial ownership in the filing, while noting they may be deemed indirect beneficial owners because of their relationship to MCF, the direct holder of the shares.

When was the joint filing signed and filed?

Signatures dated 04/08/2026 appear on the amendment and the joint filing agreement is dated April 8, 2026. The cover shows a date of 03/31/2026 as well.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/08/2026 - 04:49 PM EDT Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 4)

RE/MAX Holdings, Inc.

(Name of Issuer)

Class A Common Stock, Par Value $0.0001 per share

(Title of Class of Securities)

75524W108

(CUSIP Number)

03/31/2026

(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)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 75524W108

1

Names of Reporting Persons

Magnolia Capital Fund, LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 2,665,643.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 2,665,643.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,665,643.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

13.2 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP Number(s): 75524W108

1

Names of Reporting Persons

The Magnolia Group, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEBRASKA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 2,665,643.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 2,665,643.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,665,643.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

13.2 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP Number(s): 75524W108

1

Names of Reporting Persons

Adam K. Peterson

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 2,665,643.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 2,665,643.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,665,643.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

13.2 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: RE/MAX Holdings, Inc.
(b)	Address of issuer's principal executive offices: 5075 SOUTH SYRACUSE STREET, DENVER, CO, 80237
Item 2.
(a)	Name of person filing: This Schedule 13G is being jointly filed by (i) Magnolia Capital Fund, LP ("MCF"), (ii) The Magnolia Group, LLC ("TMG"), a registered investment adviser, and (iii) Adam K. Peterson (each a "Reporting Person" and, collectively, the "Reporting Persons") with respect to shares of the common stock, $0.0001 par value of the Issuer (the, "Common Stock") owned directly by MCF. TMG is the general partner of MCF. Mr. Peterson is the managing member of TMG. TMG and Mr. Peterson may each exercise voting and dispositive power over the Common Stock held by MCF and, as a result, may be deemed to be indirect beneficial owners of the shares of Common Stock held by MCF. TMG and Mr. Peterson disclaim beneficial ownership of the Common Stock.
(b)	Address or principal business office or, if none, residence: 1601 Dodge Street, Suite 3300, Omaha, NE 68102
(c)	Citizenship: MCF is a Delaware limited partnership. TMG is a Nebraska limited liability company and registered investment adviser. Mr. Peterson is a U.S. citizen.
(d)	Title of class of securities: Class A Common Stock, Par Value $0.0001 per share
(e)	CUSIP No.:
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: (i) 2,665,643 (ii) 2,665,643 (iii) 2,665,643
(b)	Percent of class: (i) 13.2% (ii) 13.2% (iii) 13.2%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: (i) 2,665,643 (ii) 2,665,643 (iii) 2,665,643
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: (i) 2,665,643 (ii) 2,665,643 (iii) 2,665,643
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Magnolia Capital Fund, LP

Signature:	/s/ Adam K. Peterson
Name/Title:	Adam K. Peterson, Manager
Date:	04/08/2026

The Magnolia Group, LLC

Signature:	/s/ Adam K. Peterson
Name/Title:	Adam K. Peterson, Manager
Date:	04/08/2026

Adam K. Peterson

Signature:	/s/ Adam K. Peterson
Name/Title:	Adam K. Peterson
Date:	04/08/2026

Exhibit Information

Joint Filing Agreement, dated as of April 8, 2026, by and between Magnolia Capital Fund, LP, The Magnolia Group, LLC, and Adam K. Peterson.