SEC 13F Intelligence

Managers / Q1 2023 · view latest →

Paragon Capital Management Ltd

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

Reported Value
$437M
Q1 2023
Positions
181
Filings on Record
30
2019–present window
Filed
Apr 13, 2023
original filing

Summary

Paragon Capital Management Ltd reported $437M in U.S.-listed holdings across 181 positions for Q1 2023.

Its largest position, ABNB, represents 16.3% of the portfolio.

Compared with Q4 2022, the fund opened 19 new positions and exited 11.

Portfolio Metrics

Turnover
+6.1%
vs prior filed quarter
Top-10 Concentration
+70.5%
share of reported value
Largest Position
+16.3%
Airbnb
New / Exited
19 / 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
Common Stock: 51.8%ETP: 46.9%Other: 0.7%MLP: 0.3%ADR: 0.2%REIT: 0.1%
  • Common Stock · 51.8% · $226M
  • ETP · 46.9% · $205M
  • Other · 0.7% · $3M
  • MLP · 0.3% · $1M
  • ADR · 0.2% · $698,542
  • REIT · 0.1% · $565,483

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
VANGUARD SCOTTSDALE FDSNEW+386.2K386.2K+$23M$23M
BROOKFIELD INFRAST PARTNERSNEW+41.0K41.0K+$1M$1M
ISHARES TRNEW+13.4K13.4K+$1M$1M
AMDADVANCED MICRO DEVICES INCNEW+2.4K2.4K+$239,046$239,046
FDXFEDEX CORPNEW+1.0K1.0K+$235,573$235,573
ISHARES TRNEW+3.6K3.6K+$230,643$230,643
SNDRSCHNEIDER NATIONAL INCNEW+8.5K8.5K+$226,653$226,653
LEALEAR CORPNEW+1.6K1.6K+$217,186$217,186

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

Holdings — Q1 2023

163 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ABNBAIRBNB INChistory →COM CL A16.27%$71M571.4K
2VANGUARD SPECIALIZED FUNDSDIV APP ETF12.29%$54M348.8K
3INVESCO EXCHANGE TRADED FD TS&P500 QUALITY · S&P500 PUR VAL · S&P500 EQL WGT11.42%$50M1.04M
4VANGUARD SCOTTSDALE FDSINTER TERM TREAS · SHRT TRM CORP BD5.65%$25M406.2K
5PROSHARES TRS&P 500 DV ARIST5.61%$25M268.6K
6MSFTMICROSOFT CORPhistory →COM4.87%$21M73.9K
7PINSPINTEREST INChistory →CL A3.98%$17M637.8K
8CRMSALESFORCE INChistory →COM3.64%$16M79.6K
9DOCNDIGITALOCEAN HLDGS INChistory →COM3.38%$15M377.1K
10COINCOINBASE GLOBAL INChistory →COM CL A3.36%$15M217.5K
11VTVVANGUARD INDEX FDSVALUE ETF · SM CP VAL ETF · TOTAL STK MKT2.86%$12M84.5K
12ISHARES TRMSCI EAFE ETF · CORE MSCI EAFE · SP SMCP600VL ETF · RUS 1000 VAL ETF · NATIONAL MUN ETF · TIPS BD ETF · RUS 2000 VAL ETF · ISHS 1-5YR INVS · RUS 2000 GRW ETF · RUSSELL 2000 ETF · S&P SML 600 GWT · MORNINGSTAR GRWT · S&P 500 GRWT ETF2.63%$12M133.2K
13OKTAOKTA INChistory →CL A2.57%$11M130.1K
14SPDR S&P 500 ETF TRTR UNIT1.64%$7M17.5K
15FLEXSHARES TRMORNSTAR UPSTR1.61%$7M166.2K
16AAPLAPPLE INCCOM0.93%$4M24.6K
17TMUST-MOBILE US INCCOM0.89%$4M26.8K
181939900DBROOKFIELD INFRASTRUCTURE COCOM SB VTG SHS A0.78%$3M74.4K
19ISHARES INCMSCI JPN ETF NEW0.66%$3M49.3K
20SPDR INDEX SHS FDSS&P GBLINF ETF0.63%$3M50.8K
21LYFTLYFT INCCL A COM0.60%$3M284.8K
22ASANASANA INCCL A0.46%$2M96.2K
23RI4APOET TECHNOLOGIES INCCOM NEW0.39%$2M438.3K
24MDYSPDR S&P MIDCAP 400 ETF TRUTSER1 S&PDCRP0.36%$2M3.4K
25VANGUARD INTL EQUITY INDEX FFTSE SMCAP ETF0.34%$1M13.6K
26BROOKFIELD INFRAST PARTNERSLP INT UNIT0.32%$1M41.0K
27ABBVABBVIE INCCOM0.31%$1M8.4K
28PGPROCTER AND GAMBLE COCOM0.31%$1M9.0K
29JNJJOHNSON & JOHNSONCOM0.29%$1M8.3K
30TXNTEXAS INSTRS INCCOM0.26%$1M6.1K
31DYHTARGET CORPCOM0.25%$1M6.6K
32VANGUARD TAX-MANAGED FDSVAN FTSE DEV MKT0.25%$1M23.7K
33VANGUARD MUN BD FDSTAX EXEMPT BD0.24%$1M20.3K
34ORCLORACLE CORPCOM0.22%$942,52410.1K
35RBLXROBLOX CORPCL A0.19%$836,08818.6K
36CEQPUSDCRESTWOOD EQUITY PARTNERS LPUNIT LTD PARTNER0.19%$827,67633.2K
37CLCOLGATE PALMOLIVE COCOM0.19%$817,53410.9K
38PFEPFIZER INCCOM0.18%$804,73919.7K
39FIRST TR EXCHNG TRADED FD VIFT CBOE EQTY BFR0.18%$781,83823.2K
40DVNDEVON ENERGY CORP NEWCOM0.18%$776,30715.3K
41ABTABBOTT LABSCOM0.17%$749,6217.4K
42CMCSACOMCAST CORP NEWCL A0.17%$737,38719.5K
43CSCOCISCO SYS INCCOM0.16%$709,36713.6K
44AMGNAMGEN INCCOM0.16%$681,7352.8K
45TAPMOLSON COORS BEVERAGE COCL B0.15%$645,63812.5K
46AMATAPPLIED MATLS INCCOM0.14%$629,2945.1K
47PDPAGERDUTY INCCOM0.14%$628,13618.0K
48WMTWALMART INCCOM0.14%$624,1354.2K
49CHVCHEVRON CORP NEWCOM0.14%$602,8623.7K
50FISVFISERV INCCOM0.12%$542,5444.8K
51HDHOME DEPOT INCCOM0.12%$542,0391.8K
52ITWILLINOIS TOOL WKS INCCOM0.12%$539,9722.2K
53LLYLILLY ELI & COCOM0.12%$537,2581.6K
54KOCOCA COLA COCOM0.12%$520,7838.4K
55MRKMERCK & CO INCCOM0.12%$518,1084.9K
56JPMJPMORGAN CHASE & COCOM0.12%$512,0383.9K
57WISDOMTREE TRJP SMALLCP DIV · US QTLY DIV GRT0.11%$481,2137.4K
58DISDISNEY WALT COCOM0.10%$450,0314.5K
59EXMOCEXXON MOBIL CORPCOM0.10%$436,2274.0K
60ACCENTURE PLC IRELANDSHS CLASS A0.10%$435,5741.5K
61AXPAMERICAN EXPRESS COCOM0.10%$430,8492.6K
62AMERICAN CENTY ETF TRINTL SMCP VLU0.09%$396,5036.8K
63BARCLAYS BANK PLCDJUBS CMDT ETN360.09%$396,23312.5K
64EPDENTERPRISE PRODS PARTNERS LCOM0.09%$388,50015.0K
65MCDMCDONALDS CORPCOM0.09%$374,1181.3K
66PHMPULTE GROUP INCCOM0.08%$371,2446.4K
67PEPPEPSICO INCCOM0.08%$367,9052.0K
68ASOACADEMY SPORTS & OUTDOORS INCOM0.08%$358,4845.5K
69GQ9SPDR GOLD TRGOLD SHS0.08%$358,1952.0K
70CMICUMMINS INCCOM0.08%$357,2441.5K
71BDXBECTON DICKINSON & COCOM0.08%$345,0531.4K
72YUMYUM BRANDS INCCOM0.08%$333,3702.5K
73SYYSYSCO CORPCOM0.07%$326,7914.2K
74PSXPHILLIPS 66COM0.07%$322,4903.2K
75DGEDDIAGEO PLCSPON ADR NEW0.07%$317,0651.8K
76GISGENERAL MLS INCCOM0.07%$316,1843.7K
77AON PLCSHS CL A0.07%$315,2901.0K
78ZMZOOM VIDEO COMMUNICATIONS INCL A0.07%$307,2484.2K
79STLDSTEEL DYNAMICS INCCOM0.07%$305,7142.7K
80LOWLOWES COS INCCOM0.07%$296,5081.5K
81PAGPENSKE AUTOMOTIVE GRP INCCOM0.07%$291,7032.1K
82INTCINTEL CORPCOM0.07%$290,3368.9K
83MTHMERITAGE HOMES CORPCOM0.07%$289,5652.5K
84RSRELIANCE STEEL & ALUMINUM COCOM0.07%$289,0891.1K
85TMHCTAYLOR MORRISON HOME CORPCOM0.07%$288,5197.5K
86DHID R HORTON INCCOM0.07%$288,4793.0K
87BLDRBUILDERS FIRSTSOURCE INCCOM0.07%$285,8723.2K
88TPRTAPESTRY INCCOM0.06%$280,0866.5K
89LENLENNAR CORPCL A0.06%$279,3822.7K
90TKRTIMKEN COCOM0.06%$279,2373.4K
91BACVERIZON COMMUNICATIONS INCCOM0.06%$276,7027.1K
92SELECT SECTOR SPDR TRSBI HEALTHCARE0.06%$274,8442.1K
93WMWASTE MGMT INC DELCOM0.06%$269,4861.7K
94BWABORGWARNER INCCOM0.06%$266,5205.4K
95IEPICAHN ENTERPRISES LPDEPOSITARY UNIT0.06%$265,1645.1K
96EVEREST RE GROUP LTDCOM0.06%$263,861737
97TOLTOLL BROTHERS INCCOM0.06%$263,0514.4K
98UNMUNUM GROUPCOM0.06%$262,9956.6K
99EMNEASTMAN CHEM COCOM0.06%$261,8763.1K
100WSMWILLIAMS SONOMA INCCOM0.06%$258,2912.1K

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 ↗.