Managers / Q2 2025 · 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 $63M in U.S.-listed holdings across 15 positions for Q2 2025.
The portfolio is heavily concentrated: AEM alone accounts for 22.7% of reported value.
Compared with Q1 2025, the fund opened 4 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 · 88.8% · $56M
- ETP · 9.8% · $6M
- Other · 1.4% · $872,300
Quarter-over-Quarter Changes full breakdown →
vs Q1 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| SPYSPDR S&P 500 ETF TR | NEW | +10.0K | 10.0K | +$6M | $6M |
| STKLSUNOPTA INC | NEW | +750.0K | 750.0K | +$4M | $4M |
| AMZNAMAZON COM INC | NEW | +14.5K | 14.5K | +$3M | $3M |
| PINSPINTEREST INC | NEW | +20.0K | 20.0K | +$717,200 | $717,200 |
| PRGOPERRIGO CO PLC | ADDED | +145.0K | 150.0K | +$4M | $4M |
| CDNACAREDX INC | ADDED | +169.4K | 219.4K | +$3M | $4M |
| KSPIKASPI KZ JSC | SOLD OUT | −5.0K | 0 | −$464,250 | $0 |
| QTRXQUANTERIX CORP | SOLD OUT | −25.0K | 0 | −$162,750 | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | AEMAGNICO EAGLE MINES LTDhistory → | COM | 22.67% | $14M | 120.0K |
| 2 | NVGSNAVIGATOR HLDGS LTDhistory → | SHS | 11.24% | $7M | 500.0K |
| 3 | SPYSPDR S&P 500 ETF TRhistory → | TR UNIT | 9.82% | $6M | 10.0K |
| 4 | EPSNEPSILON ENERGY LTDhistory → | COM | 7.62% | $5M | 650.0K |
| 5 | STKLSUNOPTA INChistory → | COM | 6.91% | $4M | 750.0K |
| 6 | CDNACAREDX INChistory → | COM | 6.81% | $4M | 219.4K |
| 7 | NPKINPK INTERNATIONAL INChistory → | COM SHS | 6.76% | $4M | 500.0K |
| 8 | PRGOPERRIGO CO PLChistory → | SHS | 6.37% | $4M | 150.0K |
| 9 | BELFBBEL FUSE INChistory → | CL B | 6.21% | $4M | 40.0K |
| 10 | AMZNAMAZON COM INChistory → | COM | 5.05% | $3M | 14.5K |
| 11 | DMACDIAMEDICA THERAPEUTICS INChistory → | COM NEW | 4.03% | $3M | 650.0K |
| 12 | FNVFRANCO NEV CORPhistory → | COM | 2.60% | $2M | 10.0K |
| 13 | IRIXIRIDEX CORPhistory → | COM | 1.40% | $880,000 | 1.00M |
| 14 | AKOYA BIOSCIENCES INC | COM | 1.39% | $872,300 | 671.0K |
| 15 | PINSPINTEREST INChistory → | CL A | 1.14% | $717,200 | 20.0K |
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 ↗.