SEC 13F Intelligence

Managers / Q4 2019 · view latest →

Paragon Capital Management Ltd

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

Reported Value
$191M
Q4 2019
Positions
169
Filings on Record
30
2019–present window
Filed
Feb 6, 2020
original filing

Summary

Paragon Capital Management Ltd reported $191M in U.S.-listed holdings across 169 positions for Q4 2019.

The portfolio is heavily concentrated: VIG alone accounts for 28.0% of reported value.

Compared with Q3 2019, the fund opened 6 new positions and exited 1.

Portfolio Metrics

Turnover
+1.1%
vs prior filed quarter
Top-10 Concentration
+67.5%
share of reported value
Largest Position
+28.0%
Vanguard Specialized Portfol
New / Exited
6 / 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
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: 62.4%Common Stock: 34.9%REIT: 1.7%MLP: 0.6%ADR: 0.3%Other: 0.2%
  • ETP · 62.4% · $119M
  • Common Stock · 34.9% · $67M
  • REIT · 1.7% · $3M
  • MLP · 0.6% · $1M
  • ADR · 0.3% · $528,000
  • Other · 0.2% · $418,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
VTEBVANGUARD MUN BD FD INCNEW+6.8K6.8K+$363,000$363,000
GLDSPDR GOLD TRUSTNEW+2.0K2.0K+$279,000$279,000
CCLCARNIVAL CORPNEW+5.3K5.3K+$267,000$267,000
LLYLILLY ELI & CONEW+1.7K1.7K+$224,000$224,000
KLACKLA-TENCOR CORPNEW+1.2K1.2K+$211,000$211,000
ROKROCKWELL AUTOMATION INCNEW+1.0K1.0K+$207,000$207,000
VNQIVANGUARD INTL EQUITY INDEX FADDED+30.8K60.9K+$2M$4M
SUNTRUST BKS INCSOLD OUT−5.1K0−$350,000$0

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

Holdings — Q4 2019

161 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VIGVANGUARD SPECIALIZED PORTFOLhistory →DIV APP ETF28.01%$53M428.6K
2NOBLPROSHARES TRhistory →S&P 500 DV ARIST9.12%$17M230.1K
3AGGISHARES TRCORE US AGGBD ET · NATIONAL MUN ETF · TIPS BD ETF · MSCI EAFE ETF · RUS 2000 VAL ETF7.29%$14M129.2K
4MSFTMICROSOFT CORPhistory →COM6.46%$12M78.1K
5VTVVANGUARD INDEX FDSVALUE ETF · REIT ETF · MCAP VL IDXVIP · TOTAL STK MKT5.87%$11M99.4K
6SPYSPDR S&P 500 ETF TRhistory →TR UNIT4.13%$8M24.5K
7VGITVANGUARD SCOTTSDALE FDShistory →INT-TERM GOV1.94%$4M56.0K
8VNQIVANGUARD INTL EQUITY INDEX Fhistory →GLB EX US ETF1.89%$4M60.9K
9VEAVANGUARD TAX MANAGED INTL FDhistory →FTSE DEV MKT ETF1.71%$3M73.9K
10AAPLAPPLE INChistory →COM1.12%$2M7.3K
11JNJJOHNSON & JOHNSONhistory →COM1.02%$2M13.3K
12CLCOLGATE PALMOLIVE COCOM0.77%$1M21.2K
13TXNTEXAS INSTRS INCCOM0.68%$1M10.1K
14PGPROCTER AND GAMBLE COCOM0.63%$1M9.6K
15PFEPFIZER INCCOM0.63%$1M30.5K
16AMGNAMGEN INCCOM0.54%$1M4.2K
17MMM3M COCOM0.50%$960,0005.4K
18CMCSACOMCAST CORP NEWCL A0.48%$916,00020.4K
19VXUSVANGUARD STAR FDVG TL INTL STK F0.45%$852,00015.3K
20TGTTARGET CORPCOM0.44%$847,0006.6K
21ABTABBOTT LABSCOM0.42%$798,0009.2K
22DISDISNEY WALT COCOM DISNEY0.39%$747,0005.2K
23ABBVABBVIE INCCOM0.39%$736,0008.3K
24JPMJPMORGAN CHASE & COCOM0.38%$729,0005.2K
25TAT&T INCCOM0.37%$702,00018.0K
26CSCOCISCO SYS INCCOM0.36%$680,00014.2K
27XLVSELECT SECTOR SPDR TRSBI HEALTHCARE0.34%$658,0006.5K
28MDYSPDR S&P MIDCAP 400 ETF TRUTSER1 S&PDCRP0.34%$657,0001.8K
29KOCOCA COLA COCOM0.33%$628,00011.3K
30ORCLORACLE CORPCOM0.33%$626,00011.8K
31CRESTWOOD EQUITY PARTNERS LPUNIT LTD PARTNER0.33%$622,00027.2K
32INTCINTEL CORPCOM0.32%$609,00010.2K
33PEPPEPSICO INCCOM0.32%$601,0004.4K
34BABOEING COCOM0.31%$594,0001.8K
35BONDPIMCO ETF TRTTL RTN ACTV ETF · INTER MUN BD ACT0.31%$593,0008.1K
36MRKMERCK & CO INCCOM0.31%$590,0006.5K
37BNDVANGUARD BD INDEX FD INCTOTAL BND MRKT0.30%$577,0006.9K
38TAPMOLSON COORS BREWING COCL B0.26%$491,0009.1K
39WMTWAL-MART STORES INCCOM0.26%$487,0004.1K
40PSXPHILLIPS 66COM0.24%$464,0004.2K
41HDHOME DEPOT INCCOM0.24%$460,0002.1K
42DPZDOMINOS PIZZA INCCOM0.24%$457,0001.6K
43MCDMCDONALDS CORPCOM0.24%$452,0002.3K
44METMETLIFE INCCOM0.23%$439,0008.6K
45LMTLOCKHEED MARTIN CORPCOM0.23%$432,0001.1K
46EPDENTERPRISE PRODS PARTNERS LCOM0.23%$432,00015.3K
47WDCWESTERN DIGITAL CORPCOM0.22%$426,0006.7K
48PHMPULTE GROUP INCCOM0.21%$405,00010.4K
49VZVERIZON COMMUNICATIONS INCCOM0.21%$403,0006.6K
50ITWILLINOIS TOOL WKS INCCOM0.21%$398,0002.2K
51TSNTYSON FOODS INCCL A0.20%$389,0004.3K
52SNXSYNNEX CORPCOM0.20%$386,0003.0K
53ALLALLSTATE CORPCOM0.20%$382,0003.4K
54BDXBECTON DICKINSON & COCOM0.20%$381,0001.4K
55HIGHARTFORD FINL SVCS GROUP INCCOM0.20%$379,0006.2K
56EMNEASTMAN CHEM COCOM0.20%$374,0004.7K
57FISVFISERV INCCOM0.19%$370,0003.2K
58NOCNORTHROP GRUMMAN CORPCOM0.19%$366,0001.1K
59GISGENERAL MLS INCCOM0.19%$366,0006.8K
60BACBANK AMER CORPCOM0.19%$365,00010.4K
61AMPAMERIPRISE FINL INCCOM0.19%$364,0002.2K
62RSRELIANCE STEEL & ALUMINUM COCOM0.19%$363,0003.0K
63VTEBVANGUARD MUN BD FD INCTAX EXEMPT BD0.19%$363,0006.8K
64COTYCOTY INCCOM CL A0.19%$362,00032.2K
65TKRTIMKEN COCOM0.19%$361,0006.4K
66UNHUNITEDHEALTH GROUP INCCOM0.19%$353,0001.2K
67KEYKEYCORP NEWCOM0.18%$352,00017.4K
68CFGCITIZENS FINL GROUP INCCOM0.18%$352,0008.7K
69COFCAPITAL ONE FINL CORPCOM0.18%$345,0003.4K
70SCSANTANDER CONSUMER USA HDG ICOM0.18%$343,00014.7K
71SFSTIFEL FINL CORPCOM0.18%$342,0005.6K
72DHID R HORTON INCCOM0.18%$342,0006.5K
73AXPAMERICAN EXPRESS COCOM0.18%$339,0002.7K
74DFJWISDOMTREE TRJP SMALLCP DIV0.18%$337,0004.6K
75FITBFIFTH THIRD BANCORPCOM0.18%$336,00010.9K
76THOTHOR INDS INCCOM0.17%$333,0004.5K
77HBANHUNTINGTON BANCSHARES INCCOM0.17%$329,00021.8K
78RFREGIONS FINL CORP NEWCOM0.17%$329,00019.2K
79OCOWENS CORNING NEWCOM0.17%$328,0005.0K
80HPEHEWLETT PACKARD ENTERPRISE CCOM0.17%$327,00020.6K
81YUMYUM BRANDS INCCOM0.17%$326,0003.2K
82FNBFNB CORP PACOM0.17%$325,00025.6K
83MPTMEDICAL PPTYS TRUST INCCOM0.17%$325,00015.4K
84WESTROCK COCOM0.17%$325,0007.6K
85ZIONZIONS BANCORPORATIONCOM0.17%$324,0006.2K
86AIGAMERICAN INTL GROUP INCCOM NEW0.17%$324,0006.3K
87HWCHANCOCK HLDG COCOM0.17%$323,0007.4K
88FHNFIRST HORIZON NATL CORPCOM0.17%$321,00019.4K
89VLYVALLEY NATL BANCORPCOM0.17%$321,00028.1K
90SYNOVUS FINL CORPCOM NEW0.17%$320,0008.2K
91EXMOCEXXON MOBIL CORPCOM0.17%$320,0004.6K
92PAGPENSKE AUTOMOTIVE GRP INCCOM0.17%$320,0006.4K
93PFGPRINCIPAL FINL GROUP INCCOM0.17%$319,0005.8K
94BPOPPOPULAR INCCOM NEW0.17%$318,0005.4K
95FAFFIRST AMERN FINL CORPCOM0.17%$317,0005.4K
96WUWESTERN UN COCOM0.17%$316,00011.8K
97CPACOPA HOLDINGS SACL A0.16%$314,0002.9K
98AMATAPPLIED MATLS INCCOM0.16%$313,0005.1K
99ARCCARES CAP CORPCOM0.16%$313,00016.8K
100STTSTATE STR CORPCOM0.16%$312,0003.9K

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 ↗.