SEC 13F Intelligence

Managers / Q4 2025 · view latest →

PARAGON ASSOCIATES & PARAGON ASSOCIATES II JOINT VENTURE

CIK 0001047859 · 500 CRESCENT COURT, SUITE 260, DALLAS, TX, 75201 · 2148713700

Reported Value
$48M
Q4 2025
Positions
12
Filings on Record
29
2019–present window
Filed
Feb 12, 2026
original filing

Summary

Paragon Associates & Paragon Associates II Joint Venture reported $48M in U.S.-listed holdings across 12 positions for Q4 2025.

Its largest position, AEM, represents 17.5% of the portfolio.

Compared with Q3 2025, the fund opened 1 new position and exited 1.

Portfolio Metrics

Turnover
+16.7%
vs prior filed quarter
Top-10 Concentration
+99.1%
share of reported value
Largest Position
+17.5%
Agnico Eagle Mines
New / Exited
1 / 1
positions this quarter

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

13F Reported Value
Q1 ’19: $106MQ1 ’19Q2 ’19: $130MQ3 ’19: $130MQ4 ’19: $178MQ1 ’20: $93MQ1 ’20Q2 ’20: $91MQ3 ’20: $74MQ4 ’20: $65MQ1 ’21: $66MQ1 ’21Q2 ’21: $75MQ3 ’21: $88MQ4 ’21: $63MQ1 ’22: $54MQ1 ’22Q2 ’22: $51MQ3 ’22: $50MQ4 ’22: $54MQ1 ’23: $48MQ1 ’23Q2 ’23: $49MQ3 ’23: $31MQ4 ’23: $44MQ1 ’24: $56MQ1 ’24Q2 ’24: $41MQ3 ’24: $56MQ4 ’24: $43MQ1 ’25: $43MQ1 ’25Q2 ’25: $63MQ3 ’25: $56MQ4 ’25: $48MQ1 ’26: $74MQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 87.3%ETP: 12.7%
  • Common Stock · 87.3% · $42M
  • ETP · 12.7% · $6M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
QQQINVESCO QQQ TRNEW+10.0K10.0K+$6M$6M
AMGAFFILIATED MANAGERS GROUP INSOLD OUT−22.5K0−$5M$0
BELFBBEL FUSE INCTRIMMED−8.5K1.5K−$1M$254,445
QTRXQUANTERIX CORPTRIMMED−75.7K25.0K−$387,644$159,000
NVGSNAVIGATOR HLDGS LTDTRIMMED−200.0K300.0K−$3M$5M
AEMAGNICO EAGLE MINES LTDTRIMMED−30.1K49.9K−$5M$8M
CDNACAREDX INCTRIMMED−50.0K375.0K+$885,500$7M
NPKINPK INTERNATIONAL INCTRIMMED−50.0K400.0K−$321,500$5M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2025

12 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AEMAGNICO EAGLE MINES LTDhistory →COM17.48%$8M49.9K
2CDNACAREDX INChistory →COM14.60%$7M375.0K
3DMACDIAMEDICA THERAPEUTICS INChistory →COM NEW14.39%$7M875.0K
4QQQINVESCO QQQ TRhistory →UNIT SER 112.69%$6M10.0K
5NVGSNAVIGATOR HLDGS LTDhistory →SHS10.74%$5M300.0K
6NPKINPK INTERNATIONAL INChistory →COM SHS9.85%$5M400.0K
7STKLSUNOPTA INChistory →COM6.28%$3M800.0K
8EPSNEPSILON ENERGY LTDhistory →COM6.23%$3M650.0K
9IAUXI-80 GOLD CORPhistory →COM4.53%$2M1.50M
10IRIXIRIDEX CORPhistory →COM2.36%$1M1.00M
11BELFBBEL FUSE INCCL B0.53%$254,4451.5K
12QTRXQUANTERIX CORPCOM0.33%$159,00025.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$74M14May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$48M12Feb 12, 202613F-HRchanges · EDGAR ↗
Q3 2025$56M12Nov 12, 202513F-HRchanges · EDGAR ↗
Q2 2025$63M15Aug 13, 202513F-HRchanges · EDGAR ↗
Q1 2025$43M13May 13, 202513F-HRchanges · EDGAR ↗
Q4 2024$43M12Feb 12, 202513F-HRchanges · EDGAR ↗
Q3 2024$56M16Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$41M11Aug 13, 202413F-HRchanges · EDGAR ↗
Q1 2024$56M16May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$44M15Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$31M10Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$49M13Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$48M11May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$54M17Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$50M12Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$51M11Aug 16, 202213F-HRchanges · EDGAR ↗
Q1 2022$54M7May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$63M10Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$88M17Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$75M16Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$66M11May 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$65M10Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$74M8Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$91M10Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$93M13May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$178M19Feb 13, 202013F-HRchanges · EDGAR ↗
Q3 2019$130M21Nov 13, 201913F-HRchanges · EDGAR ↗
Q2 2019$130M25Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$106M30May 14, 201913F-HRchanges · 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 ↗.