Managers / Q4 2023 · view latest →
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 $44M in U.S.-listed holdings across 15 positions for Q4 2023.
The portfolio is heavily concentrated: NVGS alone accounts for 23.4% of reported value.
Compared with Q3 2023, the fund opened 7 new positions and exited 2.
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 · 89.5% · $39M
- ADR · 10.1% · $4M
- REIT · 0.5% · $196,350
Quarter-over-Quarter Changes full breakdown →
vs Q3 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| PSXPHILLIPS 66 | NEW | +20.0K | 20.0K | +$3M | $3M |
| SHELSHELL PLC | NEW | +40.0K | 40.0K | +$3M | $3M |
| BPBP PLC | NEW | +50.0K | 50.0K | +$2M | $2M |
| PARRPAR PAC HOLDINGS INC | NEW | +45.0K | 45.0K | +$2M | $2M |
| GPNGLOBAL PMTS INC | NEW | +10.0K | 10.0K | +$1M | $1M |
| NEMNEWMONT CORP | NEW | +10.0K | 10.0K | +$413,900 | $413,900 |
| ALSNALLISON TRANSMISSION HLDGS I | NEW | +5.0K | 5.0K | +$290,750 | $290,750 |
| ECVTECOVYST INC | ADDED | +200.0K | 300.0K | +$2M | $3M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2023
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | NVGSNAVIGATOR HLDGS LTDhistory → | SHS | 23.36% | $10M | 700.0K |
| 2 | AEMAGNICO EAGLE MINES LTDhistory → | COM | 18.87% | $8M | 150.0K |
| 3 | EPSNEPSILON ENERGY LTDhistory → | COM | 9.32% | $4M | 800.0K |
| 4 | UBSUBS GROUP AGhistory → | SHS | 7.09% | $3M | 100.0K |
| 5 | ECVTECOVYST INChistory → | COM | 6.72% | $3M | 300.0K |
| 6 | IRIXIRIDEX CORPhistory → | COM | 6.44% | $3M | 1.00M |
| 7 | PSXPHILLIPS 66history → | COM | 6.11% | $3M | 20.0K |
| 8 | SHELSHELL PLChistory → | SPON ADS | 6.04% | $3M | 40.0K |
| 9 | BPBP PLChistory → | SPONSORED ADR | 4.06% | $2M | 50.0K |
| 10 | PARRPAR PAC HOLDINGS INChistory → | COM NEW | 3.75% | $2M | 45.0K |
| 11 | DMACDIAMEDICA THERAPEUTICS INChistory → | COM NEW | 3.26% | $1M | 500.0K |
| 12 | GPNGLOBAL PMTS INChistory → | COM | 2.91% | $1M | 10.0K |
| 13 | NEMNEWMONT CORP | COM | 0.95% | $413,900 | 10.0K |
| 14 | ALSNALLISON TRANSMISSION HLDGS I | COM | 0.67% | $290,750 | 5.0K |
| 15 | BFSSAUL CTRS INC | COM | 0.45% | $196,350 | 5.0K |
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 ↗ |
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 ↗.