A novel electrically small, wide beamwidth circularly polarized (CP) antenna using two orthogonal smaller hybrid magnetic dipoles (HMDs) for radio frequency identification (RFID) reader application is presented, which achieves a quality factor ( <inline-formula xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink"> <tex-math notation="LaTeX">$Q$ </tex-math></inline-formula> -factor) approaching the <italic xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink">Chu-limit</i> . First, a HMD is implemented by the combination of two single-slit magnetic dipoles (S-MDs) and one dual-slit magnetic dipole (D-MD), which is carefully analyzed by equivalent circuit models and field distribution. Then, by implementing two orthogonal HMDs with slightly size difference and a 45° angle tilted coupling feeding line, two orthogonal magnetic components with equal magnitude and 90° phase difference are obtained, which lead to a CP radiation. Finally, an electrically small CP magnetic dipole antenna with a size of <inline-formula xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink"> <tex-math notation="LaTeX">$0.12\,\,\lambda _{0} \times 0.12\,\,\lambda _{0} \times 0.04\,\,\lambda _{0} (ka< 0.55)$ </tex-math></inline-formula> ( <inline-formula xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink"> <tex-math notation="LaTeX">$\lambda _{0}$ </tex-math></inline-formula> is the free-space wavelength at its center frequency) is fabricated and measured. The measurement shows that a −10 dB impedance bandwidth of 3.17% (cover 902–928 MHz UHF band well), a half power beamwidth (HPBW) of 104°, and a peak radiation gain of 4.57 dBic are achieved. Generally, it features a small size, wide beamwidth, simple design, and good radiation performance, exhibiting good application potential usage in internet of things (IoTs) systems.