SEC 13F Intelligence

Managers / Q4 2022 · view latest →

Paragon Capital Management Ltd

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

Reported Value
$375M
Q4 2022
Positions
173
Filings on Record
30
2019–present window
Filed
Jan 17, 2023
original filing

Summary

Paragon Capital Management Ltd reported $375M in U.S.-listed holdings across 173 positions for Q4 2022.

Its largest position, VIG, represents 14.1% of the portfolio.

Compared with Q3 2022, the fund opened 43 new positions and exited 0.

Portfolio Metrics

Turnover
+8.0%
vs prior filed quarter
Top-10 Concentration
+69.0%
share of reported value
Largest Position
+14.1%
Vanguard Specialized Funds

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: 51.2%Common Stock: 48.0%MLP: 0.4%ADR: 0.2%REIT: 0.1%Other: 0.1%
  • ETP · 51.2% · $192M
  • Common Stock · 48.0% · $180M
  • MLP · 0.4% · $1M
  • ADR · 0.2% · $627,339
  • REIT · 0.1% · $553,872
  • Other · 0.1% · $232,130

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SPDR INDEX SHS FDSNEW+48.5K48.5K+$3M$3M
FIRST TR EXCHNG TRADED FD VINEW+23.2K23.2K+$737,531$737,531
AVDVAMERICAN CENTY ETF TRNEW+6.8K6.8K+$375,281$375,281
STLDSTEEL DYNAMICS INCNEW+2.7K2.7K+$265,451$265,451
DHID R HORTON INCNEW+3.0K3.0K+$264,478$264,478
IEPICAHN ENTERPRISES LPNEW+5.1K5.1K+$259,728$259,728
CMCCOMMERCIAL METALS CONEW+5.1K5.1K+$248,697$248,697
TPRTAPESTRY INCNEW+6.5K6.5K+$248,586$248,586

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

Holdings — Q4 2022

159 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VIGVANGUARD SPECIALIZED FUNDShistory →DIV APP ETF14.10%$53M348.3K
2ABNBAIRBNB INChistory →COM CL A13.45%$50M590.4K
3SPHQINVESCO EXCHANGE TRADED FD TS&P500 QUALITY · S&P500 PUR VAL · S&P500 EQL WGT12.35%$46M1.02M
4NOBLPROSHARES TRhistory →S&P 500 DV ARIST6.53%$24M272.3K
5VCSHVANGUARD SCOTTSDALE FDShistory →SHRT TRM CORP BD4.78%$18M238.7K
6MSFTMICROSOFT CORPhistory →COM4.72%$18M73.9K
7PINSPINTEREST INChistory →CL A4.19%$16M647.1K
8VBRVANGUARD INDEX FDSSM CP VAL ETF · VALUE ETF3.50%$13M88.2K
9CRMSALESFORCE INChistory →COM2.81%$11M79.6K
10DOCNDIGITALOCEAN HLDGS INChistory →COM2.56%$10M377.1K
11EFAISHARES TRMSCI EAFE ETF · CORE MSCI EAFE · RUS 1000 VAL ETF · NATIONAL MUN ETF · TIPS BD ETF · RUS 2000 VAL ETF · ISHS 1-5YR INVS · RUS 2000 GRW ETF · S&P SML 600 GWT · RUSSELL 2000 ETF · MORNINGSTAR GRWT2.52%$9M115.9K
12OKTAOKTA INChistory →CL A2.37%$9M130.2K
13COINCOINBASE GLOBAL INChistory →COM CL A2.17%$8M229.7K
14GUNRFLEXSHARES TRhistory →MORNSTAR UPSTR1.89%$7M162.9K
15SPYSPDR S&P 500 ETF TRhistory →TR UNIT1.80%$7M17.7K
16BROOKFIELD INFRASTRUCTURE COCOM SB VTG SHS A1.08%$4M103.8K
17TMUST-MOBILE US INChistory →COM1.00%$4M26.9K
18AAPLAPPLE INCCOM0.85%$3M24.6K
19LYFTLYFT INCCL A COM0.84%$3M284.8K
20EWJISHARES INCMSCI JPN ETF NEW0.72%$3M49.8K
21SPDR INDEX SHS FDSS&P GBLINF ETF0.68%$3M48.5K
22JNJJOHNSON & JOHNSONCOM0.45%$2M9.6K
23MDYSPDR S&P MIDCAP 400 ETF TRUTSER1 S&PDCRP0.40%$2M3.4K
24VANGUARD INTL EQUITY INDEX FFTSE SMCAP ETF0.37%$1M13.4K
25PGPROCTER AND GAMBLE COCOM0.36%$1M9.0K
26ABBVABBVIE INCCOM0.36%$1M8.4K
27ASANASANA INCCL A0.35%$1M96.2K
28POETPOET TECHNOLOGIES INCCOM NEW0.35%$1M438.3K
29VTEBVANGUARD MUN BD FDSTAX EXEMPT BD0.30%$1M22.5K
30PFEPFIZER INCCOM0.27%$1M19.7K
31TXNTEXAS INSTRS INCCOM0.27%$1M6.1K
32VEAVANGUARD TAX-MANAGED FDSVAN FTSE DEV MKT0.27%$996,39223.7K
33TGTTARGET CORPCOM0.26%$984,1116.6K
34DVNDEVON ENERGY CORP NEWCOM0.25%$943,50215.3K
35MUNIPIMCO ETF TRINTER MUN BD ACT0.25%$935,27218.2K
36CLCOLGATE PALMOLIVE COCOM0.25%$927,57011.8K
37CRESTWOOD EQUITY PARTNERS LPUNIT LTD PARTNER0.23%$869,50833.2K
38ABTABBOTT LABSCOM0.23%$861,9347.8K
39ORCLORACLE CORPCOM0.22%$828,69810.1K
40AMGNAMGEN INCCOM0.20%$740,6452.8K
41FIRST TR EXCHNG TRADED FD VIFT CBOE EQTY BFR0.20%$737,53123.2K
42CMCSACOMCAST CORP NEWCL A0.18%$691,25219.8K
43CVXCHEVRON CORP NEWCOM0.18%$663,1743.7K
44CSCOCISCO SYS INCCOM0.17%$644,69713.5K
45TAPMOLSON COORS BEVERAGE COCL B0.17%$644,61812.5K
46WMTWALMART INCCOM0.16%$600,1074.2K
47HDHOME DEPOT INCCOM0.15%$579,8711.8K
48LLYLILLY ELI & COCOM0.15%$571,5771.6K
49MRKMERCK & CO INCCOM0.14%$539,7104.9K
50KOCOCA COLA COCOM0.14%$534,0488.4K
51RBLXROBLOX CORPCL A0.14%$529,01418.6K
52JPMJPMORGAN CHASE & COCOM0.14%$526,3903.9K
53AMATAPPLIED MATLS INCCOM0.13%$498,9065.1K
54XLVSELECT SECTOR SPDR TRSBI HEALTHCARE · ENERGY0.13%$493,5484.5K
55ITWILLINOIS TOOL WKS INCCOM0.13%$488,6252.2K
56FISVFISERV INCCOM0.13%$485,1364.8K
57PDPAGERDUTY INCCOM0.13%$476,93818.0K
58EXMOCEXXON MOBIL CORPCOM0.12%$449,9144.1K
59BARCLAYS BANK PLCDJUBS CMDT ETN360.11%$422,82512.5K
60ACNACCENTURE PLC IRELANDSHS CLASS A0.11%$406,6641.5K
61DISDISNEY WALT COCOM0.10%$393,9554.5K
62AXPAMERICAN EXPRESS COCOM0.10%$385,9232.6K
63CMICUMMINS INCCOM0.10%$376,3511.6K
64AVDVAMERICAN CENTY ETF TRINTL SMCP VLU0.10%$375,2816.8K
65PEPPEPSICO INCCOM0.10%$364,5952.0K
66EPDENTERPRISE PRODS PARTNERS LCOM0.10%$361,80015.0K
67BDXBECTON DICKINSON & COCOM0.09%$354,4491.4K
68MCDMCDONALDS CORPCOM0.09%$352,6031.3K
69SYYSYSCO CORPCOM0.09%$335,8774.4K
70PSXPHILLIPS 66COM0.09%$332,1193.2K
71GLDSPDR GOLD TRGOLD SHS0.09%$331,6462.0K
72YUMYUM BRANDS INCCOM0.09%$323,2742.5K
73DEODIAGEO PLCSPON ADR NEW0.08%$311,8331.8K
74GISGENERAL MLS INCCOM0.08%$308,4443.7K
75AONAON PLCSHS CL A0.08%$300,1401.0K
76CICIGNA CORP NEWCOM0.08%$299,863905
77LOWLOWES COS INCCOM0.08%$295,0791.5K
78PHMPULTE GROUP INCCOM0.08%$291,0736.4K
79ASOACADEMY SPORTS & OUTDOORS INCOM0.08%$290,0215.5K
80AFLAFLAC INCCOM0.08%$287,6164.0K
81ZMZOOM VIDEO COMMUNICATIONS INCL A0.08%$281,8664.2K
82HONHONEYWELL INTL INCCOM0.07%$279,4471.3K
83METMETLIFE INCCOM0.07%$274,3673.8K
84UNMUNUM GROUPCOM0.07%$274,2036.7K
85BMYBRISTOL-MYERS SQUIBB COCOM0.07%$273,9073.8K
86LHXL3HARRIS TECHNOLOGIES INCCOM0.07%$266,3151.3K
87STLDSTEEL DYNAMICS INCCOM0.07%$265,4512.7K
88DFJWISDOMTREE TRJP SMALLCP DIV0.07%$265,2724.2K
89DHID R HORTON INCCOM0.07%$264,4783.0K
90LMTLOCKHEED MARTIN CORPCOM0.07%$262,495539
91AMERICAN EQTY INVT LIFE HLDCOM0.07%$260,7645.7K
92VZVERIZON COMMUNICATIONS INCCOM0.07%$260,6316.6K
93IEPICAHN ENTERPRISES LPDEPOSITARY UNIT0.07%$259,7285.1K
94WMWASTE MGMT INC DELCOM0.07%$258,8281.6K
95PFGPRINCIPAL FINANCIAL GROUP INCOM0.07%$257,8863.1K
96ADPAUTOMATIC DATA PROCESSING INCOM0.07%$257,6501.1K
97INTCINTEL CORPCOM0.07%$253,6599.6K
98EMNEASTMAN CHEM COCOM0.07%$253,6043.1K
99CMCCOMMERCIAL METALS COCOM0.07%$248,6975.1K
100TPRTAPESTRY INCCOM0.07%$248,5866.5K

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 ↗.