SEC 13F Intelligence

Managers / Q1 2026

Paragon Capital Management Ltd

CIK 0001569765 · 999 18TH STREET, SUITE 1401, DENVER, CO, 80202 · 303-293-3680

Reported Value
$476M
Q1 2026
Positions
199
Filings on Record
30
2019–present window
Filed
Apr 15, 2026
original filing

Summary

Paragon Capital Management Ltd reported $476M in U.S.-listed holdings across 199 positions for Q1 2026.

Its largest position, Vanguard Specialized Funds, represents 13.7% of the portfolio.

Compared with Q4 2025, the fund opened 15 new positions and exited 11.

Portfolio Metrics

Turnover
+5.2%
vs prior filed quarter
Top-10 Concentration
+68.7%
share of reported value
Largest Position
+13.7%
Vanguard Specialized Funds
New / Exited
15 / 11
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
Q4 ’18: $208MQ4 ’18Q1 ’19: $165MQ2 ’19: $176MQ3 ’19: $180MQ4 ’19: $191MQ4 ’19Q1 ’20: $176MQ2 ’20: $231MQ3 ’20: $183MQ4 ’20: $183MQ4 ’20Q1 ’21: $193MQ2 ’21: $214MQ3 ’21: $581MQ4 ’21: $623MQ4 ’21Q1 ’22: $535MQ2 ’22: $358MQ3 ’22: $350MQ4 ’22: $375MQ4 ’22Q1 ’23: $437MQ2 ’23: $462MQ3 ’23: $444MQ4 ’23: $489MQ4 ’23Q1 ’24: $565MQ2 ’24: $545MQ3 ’24: $510MQ4 ’24: $501MQ4 ’24Q1 ’25: $488MQ2 ’25: $552MQ3 ’25: $532MQ4 ’25: $502MQ4 ’25Q1 ’26: $476Mfilingsflow.com

Portfolio Composition

By security type
ETP: 56.3%Common Stock: 42.6%Other: 0.5%MLP: 0.4%REIT: 0.1%Closed-End Fund: 0.0%
  • ETP · 56.3% · $268M
  • Common Stock · 42.6% · $203M
  • Other · 0.5% · $3M
  • MLP · 0.4% · $2M
  • REIT · 0.1% · $668,468
  • Closed-End Fund · 0.0% · $116,981

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
INVESCO EXCH TRADED FD TR IINEW+7.6K7.6K+$850,803$850,803
VANGUARD INTL EQUITY INDEX FNEW+4.5K4.5K+$625,082$625,082
WISDOMTREE TRNEW+5.4K5.4K+$477,586$477,586
WISDOMTREE TRNEW+7.6K7.6K+$408,312$408,312
WISDOMTREE TRNEW+8.9K8.9K+$390,506$390,506
VANGUARD SCOTTSDALE FDSNEW+4.7K4.7K+$385,175$385,175
WISDOMTREE TRNEW+3.4K3.4K+$319,808$319,808
CHRDCHORD ENERGY CORPORATIONNEW+2.0K2.0K+$286,754$286,754

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

Holdings — Q1 2026

163 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VANGUARD SPECIALIZED FUNDSDIV APP ETF13.65%$65M302.2K
2INVESCO EXCHANGE TRADED FD TS&P500 QUALITY · S&P500 PUR VAL · WATER RES ETF · RAFI US 1000 ETF · S&P500 EQL WGT11.63%$55M735.6K
3ABNBAIRBNB INChistory →COM CL A9.64%$46M363.4K
4ISHARES TRMSCI INTL QUALTY · MSCI EAFE ETF · 3 7 YR TREAS BD · CORE MSCI EAFE · RUS 1000 VAL ETF · ESG AWARE MSCI · RUS 2000 VAL ETF · GL CLEAN ENE ETF · MORNINGSTAR GRWT · ISHS 5-10YR INVT · TIPS BD ETF · S&P SML 600 GWT · U.S. TECH ETF8.71%$41M759.6K
5PACER FDS TRUS CASH COWS 1005.57%$27M423.9K
6DOCNDIGITALOCEAN HLDGS INChistory →COM5.55%$26M307.8K
7MSFTMICROSOFT CORPhistory →COM4.41%$21M56.7K
8COINCOINBASE GLOBAL INChistory →COM CL A4.03%$19M109.8K
9GMO ETF TRUSTGMO US QUALITY E2.99%$14M393.0K
10VTVVANGUARD INDEX FDSVALUE ETF · MCAP VL IDXVIP · SM CP VAL ETF · TOTAL STK MKT · S&P 500 ETF SHS2.52%$12M58.8K
11OKTAOKTA INChistory →CL A2.05%$10M124.2K
12CRMSALESFORCE INChistory →COM2.04%$10M52.1K
13PINSPINTEREST INChistory →CL A1.86%$9M481.9K
14VANGUARD WORLD FDESG US STK ETF · ESG INTL STK ETF1.79%$9M89.0K
15FRANKLIN TEMPLETON ETF TRFTSE JAPAN ETF1.75%$8M230.1K
16STATE STR SPDR S&P 500 ETF TTR UNIT1.68%$8M12.3K
17VANGUARD MUN BD FDSTAX EXEMPT BD · INTERMEDIATE TRM0.93%$4M70.9K
18LYFTLYFT INCCL A COM0.79%$4M283.7K
19AAPLAPPLE INCCOM0.73%$3M13.6K
20SPDR SERIES TRUSTSTATE STREET SPD0.72%$3M36.0K
21RI4APOET TECHNOLOGIES INCCOM NEW0.59%$3M471.7K
22AMERICAN CENTY ETF TRUS SML CP VALU0.58%$3M24.8K
23IOTSAMSARA INCCOM CL A0.56%$3M83.4K
24PROSHARES TRS&P 500 DV ARIST · DJ BRKFLD GLB0.55%$3M28.0K
25ISHARES INCMSCI JAPAN ETF · CORE MSCI EMKT0.52%$2M29.7K
26INVESCO EXCH TRADED FD TR IIS&P 500 MOMNTM · S&P 500 CONCENTR · RAFI DVLPD MRKTS · RAFI EMRGNG MRKT0.46%$2M35.4K
27VANGUARD INTL EQUITY INDEX FFTSE SMCAP ETF · TT WRLD ST ETF0.40%$2M13.2K
28CASHPATHWARD FINANCIAL INCCOM0.35%$2M0
29WISDOMTREE TRUS QTLY DIV GRT · US QUALITY GROW · DYNAMIC INTL EQT · WISDOMTREE US VA0.34%$2M25.3K
30SCHWAB STRATEGIC TRFUNDAMENTAL US L · FUNDAMENTAL INTL · FUNDAMENTAL US S · INTL EQTY ETF · US SML CAP ETF0.32%$2M49.5K
31WMTWALMART INCCOM0.32%$2M12.1K
32TXNTEXAS INSTRS INCCOM0.31%$1M7.5K
33ABBVABBVIE INCCOM0.29%$1M6.4K
34ETENERGY TRANSFER L PCOM UT LTD PTN0.28%$1M68.7K
35LLYELI LILLY & COCOM0.27%$1M1.4K
36BEPCBROOKFIELD RENEWABLE CORPCL A EX SUB VTG0.27%$1M32.3K
37PGPROCTER & GAMBLE COCOM0.26%$1M8.7K
38IBMINTERNATIONAL BUSINESS MACHSCOM0.26%$1M5.1K
39VANGUARD TAX-MANAGED FDSVAN FTSE DEV MKT0.24%$1M17.5K
40ORCLORACLE CORPCOM0.23%$1M7.5K
41RBLXROBLOX CORPCL A0.22%$1M18.6K
42MDYSTATE STR SPDR S&P MIDCAP 40UTSER1 S&PDCRP0.22%$1M1.7K
43AMGNAMGEN INCCOM0.19%$921,8472.6K
44HONGBPHONEYWELL INTL INCCOM0.19%$899,3734.0K
45JPMJPMORGAN CHASE & COCOM0.18%$873,2733.0K
46CHVCHEVRON CORPORATIONCOM0.18%$850,1174.1K
47NVDANVIDIA CORPORATIONCOM0.17%$790,6644.5K
48GQ9SPDR GOLD TRGOLD SHS0.15%$731,9231.7K
49JNJJOHNSON & JOHNSONCOM0.15%$713,6292.9K
50DVNDEVON ENERGY CORP NEWCOM0.15%$704,00814.0K
51PFEPFIZER INCCOM0.15%$701,48125.0K
52CSCOCISCO SYS INCCOM0.15%$697,9739.0K
53DASHDOORDASH INCCL A0.14%$659,1594.4K
54HOODROBINHOOD MKTS INCCOM CL A0.13%$632,6409.1K
55ASANASANA INCCL A0.13%$602,57394.2K
56NOCNORTHROP GRUMMAN CORPCOM0.12%$585,362858
57EXMOCEXXON MOBIL CORPCOM0.12%$569,3263.4K
58KOCOCA COLA COCOM0.12%$568,6927.5K
59EPDENTERPRISE PRODS PARTNERS LCOM0.12%$567,60015.0K
60DPZDOMINOS PIZZA INCCOM0.12%$558,6361.6K
61SSGA ACTIVE ETF TRSTATE STREET DOU0.12%$549,44513.8K
62AMZNAMAZON COM INCCOM0.11%$545,8762.6K
63XLESELECT SECTOR SPDR TRSTATE STREET ENE · STATE STREET HEA0.11%$537,0366.4K
64ABTABBOTT LABORATORIESCOM0.11%$529,3865.2K
65MRKMERCK & CO INCCOM0.11%$522,8874.3K
66ITWILLINOIS TOOL WKS INCCOM0.11%$520,5802.0K
67AFRMAFFIRM HLDGS INCCOM CL A0.10%$493,48110.8K
68TAPMOLSON COORS BEVERAGE COCL B0.10%$487,81711.3K
69CMCSACOMCAST CORP NEWCL A0.10%$479,83016.7K
70AMKRAMKOR TECHNOLOGY INCCOM0.10%$478,08110.6K
71CARTMAPLEBEAR INCCOM0.10%$477,24012.7K
72BIPCBROOKFIELD INFRASTRUCTURE COCOM SUB VTG A0.10%$470,44611.9K
73HBANHUNTINGTON BANCSHARES INCCOM0.09%$449,06828.7K
74KLACKLA CORPCOM NEW0.09%$444,668302
75NOBLE CORP PLCORD SHS A0.09%$437,4598.9K
76AVGOBROADCOM INCCOM0.09%$433,4641.4K
77RDDTREDDIT INCCL A0.09%$416,6073.1K
78CVECENOVUS ENERGY INCCOM0.09%$404,66215.3K
79YUMYUM BRANDS INCCOM0.08%$390,0992.5K
80VANGUARD SCOTTSDALE FDSINT-TERM CORP0.08%$385,1754.7K
81SPDR INDEX SHS FDSSTATE STREET SPD0.08%$371,4554.9K
82HPEHEWLETT PACKARD ENTERPRISE CCOM0.08%$357,08215.0K
83MCDMCDONALDS CORPCOM0.07%$355,9921.1K
84GOOGLALPHABET INCCAP STK CL A0.07%$352,2611.2K
85CLCOLGATE PALMOLIVE COCOM0.07%$347,3974.1K
86MURMURPHY OIL CORPCOM0.07%$345,8328.4K
87PRPERMIAN RESOURCES CORPCLASS A COM0.07%$341,83116.0K
88INVESCO LTDSHS0.07%$338,57713.9K
89BWABORGWARNER INCCOM0.07%$336,1616.2K
90CRCCALIFORNIA RES CORPCOM STOCK0.07%$333,2064.8K
91HALHALLIBURTON COCOM0.07%$328,2418.4K
92ADMARCHER DANIELS MIDLAND COCOM0.07%$325,4944.5K
93AXPAMERICAN EXPRESS COCOM0.07%$324,8641.1K
94VANGUARD WHITEHALL FDSINTL DVD ETF0.07%$323,2083.7K
95DISDISNEY WALT COCOM0.07%$319,7073.3K
96CREDICORP LTDCOM0.07%$315,777931
97CFGCITIZENS FINL GROUP INCCOM0.06%$297,9555.0K
98VTRSVIATRIS INCCOM0.06%$294,28121.8K
99MMACYS INCCOM0.06%$294,00216.3K
100FDXFEDEX CORPCOM0.06%$291,526818

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$476M199Apr 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$502M195Jan 22, 202613F-HRchanges · EDGAR ↗
Q3 2025$532M201Oct 15, 202513F-HRchanges · EDGAR ↗
Q2 2025$552M214Jul 16, 202513F-HRchanges · EDGAR ↗
Q1 2025$488M197Apr 16, 202513F-HRchanges · EDGAR ↗
Q4 2024$501M187Jan 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$510M206Oct 10, 202413F-HRchanges · EDGAR ↗
Q2 2024$545M202Jul 12, 202413F-HRchanges · EDGAR ↗
Q1 2024$565M194Apr 11, 202413F-HRchanges · EDGAR ↗
Q4 2023$489M170Jan 12, 202413F-HRchanges · EDGAR ↗
Q3 2023$444M189Oct 10, 202313F-HRchanges · EDGAR ↗
Q2 2023$462M191Jul 11, 202313F-HRchanges · EDGAR ↗
Q1 2023$437M181Apr 13, 202313F-HRchanges · EDGAR ↗
Q4 2022$375M173Jan 17, 202313F-HRchanges · EDGAR ↗
Q3 2022$350M130Oct 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$358M158Jul 18, 202213F-HRchanges · EDGAR ↗
Q1 2022$535M191Apr 19, 202213F-HRchanges · EDGAR ↗
Q4 2021$623M557Jan 27, 202213F-HRchanges · EDGAR ↗
Q3 2021$581M183Oct 19, 202113F-HRchanges · EDGAR ↗
Q2 2021$214M132Jul 29, 202113F-HRchanges · EDGAR ↗
Q1 2021$193M119Apr 21, 202113F-HRchanges · EDGAR ↗
Q4 2020$183M106Jan 26, 202113F-HRchanges · EDGAR ↗
Q3 2020$183M97Oct 22, 202013F-HRchanges · EDGAR ↗
Q2 2020$231M123Jul 27, 202013F-HRchanges · EDGAR ↗
Q1 2020$176M74Apr 29, 202013F-HRchanges · EDGAR ↗
Q4 2019$191M169Feb 6, 202013F-HRchanges · EDGAR ↗
Q3 2019$180M164Oct 18, 201913F-HRchanges · EDGAR ↗
Q2 2019$176M166Jul 23, 201913F-HRchanges · EDGAR ↗
Q1 2019$165M177May 1, 201913F-HRchanges · EDGAR ↗
Q4 2018$208M188Jan 29, 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 ↗.