Managers / Q1 2026
PARAGON ASSOCIATES & PARAGON ASSOCIATES II JOINT VENTURE
CIK 0001047859 · 500 CRESCENT COURT, SUITE 260, DALLAS, TX, 75201 · 2148713700
Summary
Paragon Associates & Paragon Associates II Joint Venture reported $74M in U.S.-listed holdings across 14 positions for Q1 2026.
Its largest position, CDE, represents 16.6% of the portfolio.
Compared with Q4 2025, the fund opened 5 new positions and exited 3.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 81.1% · $60M
- ETP · 13.3% · $10M
- MLP · 5.6% · $4M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| CDECOEUR MNG INC | NEW | +650.0K | 650.0K | +$12M | $12M |
| SPYSTATE STR SPDR S&P 500 ETF T | NEW | +15.0K | 15.0K | +$10M | $10M |
| WESWESTERN MIDSTREAM PARTNERS L | NEW | +100.0K | 100.0K | +$4M | $4M |
| PROFPROFOUND MED CORP | NEW | +276.0K | 276.0K | +$2M | $2M |
| NEXMNEXMETALS MINING CORP. | NEW | +325.0K | 325.0K | +$796,250 | $796,250 |
| QQQINVESCO QQQ TR | SOLD OUT | −10.0K | 0 | −$6M | $0 |
| BELFBBEL FUSE INC | SOLD OUT | −1.5K | 0 | −$254,445 | $0 |
| QTRXQUANTERIX CORP | SOLD OUT | −25.0K | 0 | −$159,000 | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2026
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | CDECOEUR MNG INChistory → | COM NEW | 16.58% | $12M | 650.0K |
| 2 | SPYSTATE STR SPDR S&P 500 ETF Thistory → | TR UNIT | 13.26% | $10M | 15.0K |
| 3 | CDNACAREDX INChistory → | COM | 11.80% | $9M | 500.0K |
| 4 | DMACDIAMEDICA THERAPEUTICS INChistory → | COM NEW | 8.05% | $6M | 875.0K |
| 5 | NVGSNAVIGATOR HLDGS LTDhistory → | SHS | 7.87% | $6M | 300.0K |
| 6 | NPKINPK INTERNATIONAL INChistory → | COM SHS | 7.38% | $5M | 375.0K |
| 7 | STKLSUNOPTA INChistory → | COM | 7.08% | $5M | 804.2K |
| 8 | AEMAGNICO EAGLE MINES LTDhistory → | COM | 6.90% | $5M | 25.0K |
| 9 | WESWESTERN MIDSTREAM PARTNERS Lhistory → | COM UNIT LP INT | 5.59% | $4M | 100.0K |
| 10 | EPSNEPSILON ENERGY LTDhistory → | COM | 5.44% | $4M | 650.0K |
| 11 | IAUXI-80 GOLD CORPhistory → | COM | 5.16% | $4M | 2.50M |
| 12 | PROFPROFOUND MED CORPhistory → | COM NEW | 2.43% | $2M | 276.0K |
| 13 | IRIXIRIDEX CORPhistory → | COM | 1.37% | $1M | 1.00M |
| 14 | NEXMNEXMETALS MINING CORP.history → | COM NEW | 1.08% | $796,250 | 325.0K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $74M | 14 | May 15, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $48M | 12 | Feb 12, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $56M | 12 | Nov 12, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $63M | 15 | Aug 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $43M | 13 | May 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $43M | 12 | Feb 12, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $56M | 16 | Nov 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $41M | 11 | Aug 13, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $56M | 16 | May 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $44M | 15 | Feb 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $31M | 10 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $49M | 13 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $48M | 11 | May 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $54M | 17 | Feb 13, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $50M | 12 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $51M | 11 | Aug 16, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $54M | 7 | May 16, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $63M | 10 | Feb 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $88M | 17 | Nov 15, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $75M | 16 | Aug 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $66M | 11 | May 14, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $65M | 10 | Feb 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $74M | 8 | Nov 13, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $91M | 10 | Aug 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $93M | 13 | May 15, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $178M | 19 | Feb 13, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $130M | 21 | Nov 13, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $130M | 25 | Aug 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $106M | 30 | May 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $75M | 21 | Feb 13, 2019 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.