Magnolia Group Trims Core Natural Resources Position Amid Profitability Shift

Magnolia Group LLC has decreased its holding in Core Natural Resources (NYSE: CNR), selling approximately 67,000 shares during the first quarter. Based on quarterly average prices, the transaction is estimated at $6.38 million, according to a recent SEC filing. Despite the sale, Core Natural Resources remains a cornerstone of Magnolia Group's portfolio. The fund continues to hold 602,500 shares valued at $63.10 million, which represents 11.74% of its total 13F assets under management and ranks as its third-largest position. The divestment occurs against a backdrop of mixed financial performance for the coal producer. While CNR shares have risen 48% over the last three years—representing a compound annual growth rate of 13.9%—recent profitability has deteriorated significantly. The company reported over $600 million in net income in 2023, but trailing 12-month figures now show a net loss of $153 million. As of April 23, 2026, CNR shares were priced at $87.38. Although the stock has gained 19.1% over the past year, it has underperformed the S&P 500 by 13.15 percentage points. The company continues to leverage its vertically integrated operations, including the Pennsylvania Mining Complex and CONSOL Marine Terminal, to maintain its competitive position in the domestic and global energy sectors.