SEC 13F Intelligence

Managers / Q1 2021 · view latest →

Paragon Capital Management Ltd

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

Reported Value
$193M
Q1 2021
Positions
119
Filings on Record
30
2019–present window
Filed
Apr 21, 2021
original filing

Summary

Paragon Capital Management Ltd reported $193M in U.S.-listed holdings across 119 positions for Q1 2021.

The portfolio is heavily concentrated: VIG alone accounts for 31.1% of reported value.

Compared with Q4 2020, the fund opened 18 new positions and exited 5.

Portfolio Metrics

Turnover
+2.8%
vs prior filed quarter
Top-10 Concentration
+77.7%
share of reported value
Largest Position
+31.1%
Vanguard Specialized Portfol
New / Exited
18 / 5
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: 68.3%Common Stock: 30.3%MLP: 0.6%Other: 0.3%ADR: 0.3%Other: 0.3%
  • ETP · 68.3% · $132M
  • Common Stock · 30.3% · $58M
  • MLP · 0.6% · $1M
  • Other · 0.3% · $597,000
  • ADR · 0.3% · $505,000
  • Other · 0.3% · $538,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
VBRVANGUARD INDEX FDSNEW+31.3K31.3K+$5M$5M
ICSHISHARES TRNEW+20.0K20.0K+$1M$1M
IWMISHARES TRNEW+1.2K1.2K+$274,000$274,000
VWOVANGUARD INTL EQUITY INDEX FNEW+5.2K5.2K+$273,000$273,000
KSSKOHLS CORPNEW+4.3K4.3K+$253,000$253,000
WALWESTERN ALLIANCE BANCORPNEW+2.7K2.7K+$251,000$251,000
PAGPENSKE AUTOMOTIVE GRP INCNEW+2.7K2.7K+$220,000$220,000
PSXPHILLIPS 66NEW+2.7K2.7K+$218,000$218,000

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

Holdings — Q1 2021

106 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VIGVANGUARD SPECIALIZED PORTFOLhistory →DIV APP ETF31.15%$60M408.3K
2AGGISHARES TRCORE US AGGBD ET · NATIONAL MUN ETF · TIPS BD ETF · MSCI EAFE ETF · CALIF MUN BD ETF · ULTR SH TRM BD · RUS 1000 VAL ETF · RUS 2000 VAL ETF · SP SMCP600GR ETF · MRNGSTR LG-CP GR · RUSSELL 2000 ETF10.26%$20M197.2K
3MSFTMICROSOFT CORPhistory →COM9.35%$18M76.5K
4NOBLPROSHARES TRhistory →S&P 500 DV ARIST9.12%$18M203.8K
5VBRVANGUARD INDEX FDSSM CP VAL ETF · VALUE ETF · REIT ETF · TOTAL STK MKT5.51%$11M73.3K
6SPYSPDR S&P 500 ETF TRhistory →TR UNIT4.78%$9M23.2K
7VTEBVANGUARD MUN BD FD INChistory →TAX EXEMPT BD3.58%$7M126.5K
8AAPLAPPLE INChistory →COM1.55%$3M24.4K
9BNDVANGUARD BD INDEX FD INChistory →TOTAL BND MRKT1.41%$3M32.2K
10JNJJOHNSON & JOHNSONhistory →COM1.00%$2M11.7K
11TXNTEXAS INSTRS INCCOM0.97%$2M9.9K
12TGTTARGET CORPCOM0.68%$1M6.6K
13PGPROCTER AND GAMBLE COCOM0.66%$1M9.3K
14CLCOLGATE PALMOLIVE COCOM0.64%$1M15.7K
15VXUSVANGUARD STAR FDVG TL INTL STK F0.63%$1M19.3K
16CMCSACOMCAST CORP NEWCL A0.61%$1M21.9K
17ABTABBOTT LABSCOM0.57%$1M9.2K
18ABBVABBVIE INCCOM0.52%$1M9.2K
19DISDISNEY WALT COCOM DISNEY0.52%$993,0005.4K
20PFEPFIZER INCCOM0.48%$922,00025.4K
21MMM3M COCOM0.46%$885,0004.6K
22MDYSPDR S&P MIDCAP 400 ETF TRUTSER1 S&PDCRP0.45%$877,0001.8K
23VEAVANGUARD TAX MANAGED INTL FDFTSE DEV MKT ETF0.45%$859,00017.5K
24JPMJPMORGAN CHASE & COCOM0.42%$818,0005.4K
25CRESTWOOD EQUITY PARTNERS LPUNIT LTD PARTNER0.42%$815,00029.2K
26ORCLORACLE CORPCOM0.41%$781,00011.1K
27CSCOCISCO SYS INCCOM0.40%$762,00014.7K
28AMGNAMGEN INCCOM0.36%$702,0002.8K
29PYPLPAYPAL HLDGS INCCOM0.36%$692,0002.9K
30AMATAPPLIED MATLS INCCOM0.35%$684,0005.1K
31INTCINTEL CORPCOM0.35%$667,00010.4K
32XLVSELECT SECTOR SPDR TRSBI HEALTHCARE0.34%$658,0005.6K
33HDHOME DEPOT INCCOM0.31%$591,0001.9K
34DPZDOMINOS PIZZA INCCOM0.30%$573,0001.6K
35WMTWAL-MART STORES INCCOM0.29%$560,0004.1K
36TAPMOLSON COORS BREWING COCL B0.28%$531,00010.4K
37MCDMCDONALDS CORPCOM0.27%$513,0002.3K
38KOCOCA COLA COCOM0.26%$494,0009.4K
39ITWILLINOIS TOOL WKS INCCOM0.25%$491,0002.2K
40METAFACEBOOK INCCL A0.25%$478,0001.6K
41MRKMERCK & CO INCCOM0.24%$472,0006.1K
42PEPPEPSICO INCCOM0.24%$464,0003.3K
43UNHUNITEDHEALTH GROUP INCCOM0.21%$404,0001.1K
44LMTLOCKHEED MARTIN CORPCOM0.20%$383,0001.0K
45FISVFISERV INCCOM0.20%$381,0003.2K
46EPDENTERPRISE PRODS PARTNERS LCOM0.20%$376,00017.1K
47AXPAMERICAN EXPRESS COCOM0.19%$369,0002.6K
48BABOEING COCOM0.19%$362,0001.4K
49TAT&T INCCOM0.18%$356,00011.8K
50YUMYUM BRANDS INCCOM0.18%$350,0003.2K
51FHNFIRST HORIZON NATL CORPCOM0.18%$349,00020.6K
52GISGENERAL MLS INCCOM0.18%$347,0005.7K
53NOCNORTHROP GRUMMAN CORPCOM0.18%$344,0001.1K
54BDXBECTON DICKINSON & COCOM0.18%$341,0001.4K
55DVNDEVON ENERGY CORP NEWCOM0.17%$337,00015.4K
56VZVERIZON COMMUNICATIONS INCCOM0.17%$331,0005.7K
57SYYSYSCO CORPCOM0.16%$318,0004.0K
58GLDSPDR GOLD TRUSTGOLD SHS0.16%$313,0002.0K
59MUNIPIMCO ETF TRINTER MUN BD ACT0.16%$309,0005.5K
60EXMOCEXXON MOBIL CORPCOM0.16%$305,0005.5K
61LLYLILLY ELI & COCOM0.16%$303,0001.6K
62EMNEASTMAN CHEM COCOM0.16%$300,0002.7K
63WUWESTERN UN COCOM0.15%$291,00011.8K
64DEODIAGEO P L CSPON ADR NEW0.15%$287,0001.8K
65HONHONEYWELL INTL INCCOM0.15%$283,0001.3K
66BAXBAXTER INTL INCCOM0.15%$283,0003.4K
67CMICUMMINS INCCOM0.15%$282,0001.1K
68LOWLOWES COS INCCOM0.14%$276,0001.5K
69VWOVANGUARD INTL EQUITY INDEX FFTSE EMR MKT ETF0.14%$273,0005.2K
70CVXCHEVRON CORP NEWCOM0.14%$272,0002.6K
71IVZINVESCO LTDSHS0.14%$266,00010.5K
72CLXCLOROX CO DELCOM0.13%$260,0001.4K
73BACBANK AMER CORPCOM0.13%$258,0006.7K
74WDFCWD-40 COCOM0.13%$254,000831
75KSSKOHLS CORPCOM0.13%$253,0004.3K
76WALWESTERN ALLIANCE BANCORPCOM0.13%$251,0002.7K
77PHMPULTE GROUP INCCOM0.13%$245,0004.7K
78VHTVANGUARD WORLD FDSHEALTH CAR ETF0.12%$229,0001.0K
79MARMARRIOTT INTL INC NEWCL A0.12%$226,0001.5K
80PAGPENSKE AUTOMOTIVE GRP INCCOM0.11%$220,0002.7K
81VODVODAFONE GROUP PLC NEWSPNSR ADR0.11%$218,00011.8K
82BMYBRISTOL MYERS SQUIBB COCOM0.11%$218,0003.5K
83CBCHUBB LIMITEDCOM0.11%$218,0001.4K
84LIBERTY GLOBAL PLCSHS CL C0.11%$218,0008.5K
85PSXPHILLIPS 66COM0.11%$218,0002.7K
86WESTROCK COCOM0.11%$215,0004.1K
87DRIDARDEN RESTAURANTS INCCOM0.11%$212,0001.5K
88WMWASTE MGMT INC DELCOM0.11%$211,0001.6K
89KMBKIMBERLY CLARK CORPCOM0.11%$209,0001.5K
90PINNACLE FINL PARTNERS INCCOM0.11%$207,0002.3K
91OCOWENS CORNING NEWCOM0.11%$207,0002.2K
92WOOFOOT LOCKER INCCOM0.11%$206,0003.7K
93TOLTOLL BROTHERS INCCOM0.11%$205,0003.6K
94ROKROCKWELL AUTOMATION INCCOM0.11%$204,000770
95ADPAUTOMATIC DATA PROCESSING INCOM0.11%$203,0001.1K
96WBSWEBSTER FINL CORP CONNCOM0.11%$203,0003.7K
97RSGREPUBLIC SVCS INCCOM0.10%$201,0002.0K
98MTGMGIC INVT CORP WISCOM0.09%$178,00012.8K
99HPEHEWLETT PACKARD ENTERPRISE CCOM0.09%$175,00011.1K
100GENERAL ELECTRIC COCOM0.09%$172,00013.1K

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 ↗.