SEC 13F Intelligence

Managers / Q2 2023 · view latest →

Paragon Capital Management Ltd

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

Reported Value
$462M
Q2 2023
Positions
191
Filings on Record
30
2019–present window
Filed
Jul 11, 2023
original filing

Summary

Paragon Capital Management Ltd reported $462M in U.S.-listed holdings across 191 positions for Q2 2023.

Its largest position, ABNB, represents 15.2% of the portfolio.

Compared with Q1 2023, the fund opened 68 new positions and exited 58.

Portfolio Metrics

Turnover
+7.6%
vs prior filed quarter
Top-10 Concentration
+70.3%
share of reported value
Largest Position
+15.2%
Airbnb
New / Exited
68 / 58
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: 49.7%ETP: 48.8%Other: 1.0%REIT: 0.3%ADR: 0.1%MLP: 0.1%
  • Common Stock · 49.7% · $229M
  • ETP · 48.8% · $225M
  • Other · 1.0% · $5M
  • REIT · 0.3% · $1M
  • ADR · 0.1% · $666,163
  • MLP · 0.1% · $353,499

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ISHARES TRNEW+487.0K487.0K+$17M$17M
ISHARES TRNEW+62.4K62.4K+$7M$7M
CASHPATHWARD FINANCIAL INCNEW+00+$4M$4M
AMERICAN CENTY ETF TRNEW+31.0K31.0K+$2M$2M
MPCMARATHON PETE CORPNEW+2.8K2.8K+$322,795$322,795
PBFPBF ENERGY INCNEW+6.9K6.9K+$282,223$282,223
COFCAPITAL ONE FINL CORPNEW+2.6K2.6K+$279,062$279,062
WRKUSDWESTROCK CONEW+9.6K9.6K+$278,170$278,170

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

Holdings — Q2 2023

172 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ABNBAIRBNB INChistory →COM CL A15.21%$70M547.8K
2VANGUARD SPECIALIZED FUNDSDIV APP ETF11.92%$55M338.8K
3INVESCO EXCHANGE TRADED FD TS&P500 QUALITY · S&P500 PUR VAL · S&P500 EQL WGT10.26%$47M919.0K
4ISHARES TRMSCI INTL QUALTY · 3 7 YR TREAS BD · MSCI EAFE ETF · CORE MSCI EAFE · SP SMCP600VL ETF · RUS 1000 VAL ETF · NATIONAL MUN ETF · RUS 2000 VAL ETF · TIPS BD ETF · RUS 2000 GRW ETF · ISHS 1-5YR INVS · RUSSELL 2000 ETF · MORNINGSTAR GRWT · S&P SML 600 GWT7.70%$36M672.6K
5PROSHARES TRS&P 500 DV ARIST5.32%$25M260.4K
6MSFTMICROSOFT CORPhistory →COM5.31%$25M72.0K
7VANGUARD SCOTTSDALE FDSINTER TERM TREAS · SHRT TRM CORP BD3.97%$18M310.7K
8PINSPINTEREST INChistory →CL A3.78%$17M637.8K
9CRMSALESFORCE INChistory →COM3.48%$16M76.1K
10COINCOINBASE GLOBAL INChistory →COM CL A3.37%$16M217.5K
11DOCNDIGITALOCEAN HLDGS INChistory →COM3.28%$15M377.1K
12VTVVANGUARD INDEX FDSVALUE ETF · SM CP VAL ETF · TOTAL STK MKT2.84%$13M85.5K
13OKTAOKTA INChistory →CL A1.87%$9M124.7K
14SPDR S&P 500 ETF TRTR UNIT1.64%$8M17.1K
15FLEXSHARES TRMORNSTAR UPSTR1.44%$7M165.4K
16AAPLAPPLE INCCOM0.99%$5M23.6K
17CASHPATHWARD FINANCIAL INCCOM0.90%$4M0
18TMUST-MOBILE US INCCOM0.81%$4M26.8K
191939900DBROOKFIELD INFRASTRUCTURE COCOM SB VTG SHS A0.72%$3M73.0K
20ISHARES INCMSCI JPN ETF NEW0.62%$3M46.6K
21AMERICAN CENTY ETF TRUS SML CP VALU · INTL SMCP VLU0.61%$3M38.0K
22SPDR INDEX SHS FDSS&P GBLINF ETF0.59%$3M51.1K
23LYFTLYFT INCCL A COM0.59%$3M283.7K
24VANGUARD MUN BD FDSTAX EXEMPT BD0.48%$2M44.5K
25ASANASANA INCCL A0.45%$2M94.2K
26MDYSPDR S&P MIDCAP 400 ETF TRUTSER1 S&PDCRP0.35%$2M3.4K
27BROOKFIELD INFRAST PARTNERSLP INT UNIT0.35%$2M43.9K
28VANGUARD INTL EQUITY INDEX FFTSE SMCAP ETF0.33%$2M13.7K
29PGPROCTER AND GAMBLE COCOM0.29%$1M9.0K
30ORCLORACLE CORPCOM0.26%$1M10.1K
31ABBVABBVIE INCCOM0.25%$1M8.4K
32VANGUARD TAX-MANAGED FDSVAN FTSE DEV MKT0.24%$1M23.8K
33JNJJOHNSON & JOHNSONCOM0.23%$1M6.4K
34TXNTEXAS INSTRS INCCOM0.18%$851,9664.7K
35FIRST TR EXCHNG TRADED FD VIFT CBOE EQTY BFR0.18%$836,82323.2K
36RBLXROBLOX CORPCL A0.16%$749,09618.6K
37DVNDEVON ENERGY CORP NEWCOM0.16%$741,48715.3K
38ABTABBOTT LABSCOM0.16%$735,3466.7K
39LLYLILLY ELI & COCOM0.16%$734,4151.6K
40CMCSACOMCAST CORP NEWCL A0.16%$723,67617.4K
41CSCOCISCO SYS INCCOM0.15%$704,18613.6K
42PFEPFIZER INCCOM0.14%$659,28618.0K
43WMTWALMART INCCOM0.14%$657,2714.2K
44AMGNAMGEN INCCOM0.14%$626,0962.8K
45CHVCHEVRON CORP NEWCOM0.13%$616,3703.9K
46FISVFISERV INCCOM0.13%$605,5204.8K
47TAPMOLSON COORS BEVERAGE COCL B0.12%$557,5338.5K
48MRKMERCK & CO INCCOM0.12%$556,7414.8K
49JPMJPMORGAN CHASE & COCOM0.12%$556,2003.8K
50CLCOLGATE PALMOLIVE COCOM0.11%$512,3696.7K
51KOCOCA COLA COCOM0.11%$506,1268.4K
52ITWILLINOIS TOOL WKS INCCOM0.11%$500,3202.0K
53RI4APOET TECHNOLOGIES INCCOM NEW0.10%$474,516107.6K
54ACCENTURE PLC IRELANDSHS CLASS A0.10%$443,4291.4K
55HDHOME DEPOT INCCOM0.10%$439,6951.4K
56EXMOCEXXON MOBIL CORPCOM0.09%$415,5693.9K
57PDPAGERDUTY INCCOM0.09%$403,67318.0K
58MCDMCDONALDS CORPCOM0.09%$399,2731.3K
59PHMPULTE GROUP INCCOM0.08%$385,4485.0K
60PEPPEPSICO INCCOM0.08%$373,7982.0K
61DISDISNEY WALT COCOM0.08%$371,6254.2K
62IEPICAHN ENTERPRISES LPDEPOSITARY UNIT0.08%$353,49912.2K
63YUMYUM BRANDS INCCOM0.08%$347,6222.5K
64GQ9SPDR GOLD TRGOLD SHS0.07%$330,6911.9K
65EMNEASTMAN CHEM COCOM0.07%$329,5223.9K
66BARCLAYS BANK PLCDJUBS CMDT ETN360.07%$326,82410.7K
67PSXPHILLIPS 66COM0.07%$326,2923.4K
68MPCMARATHON PETE CORPCOM0.07%$322,7952.8K
69WSMWILLIAMS SONOMA INCCOM0.07%$320,0742.6K
70THOTHOR INDS INCCOM0.07%$311,5353.0K
71DGEDDIAGEO PLCSPON ADR NEW0.07%$303,5901.8K
72WISDOMTREE TRJP SMALLCP DIV0.06%$286,4234.3K
73TOLTOLL BROTHERS INCCOM0.06%$283,0713.6K
74ZMZOOM VIDEO COMMUNICATIONS INCL A0.06%$282,4494.2K
75PBFPBF ENERGY INCCL A0.06%$282,2236.9K
76SELECT SECTOR SPDR TRSBI HEALTHCARE0.06%$281,7862.1K
77MARMARRIOTT INTL INC NEWCL A0.06%$281,1771.5K
78COFCAPITAL ONE FINL CORPCOM0.06%$279,0622.6K
79WRKUSDWESTROCK COCOM0.06%$278,1709.6K
80PAGPENSKE AUTOMOTIVE GRP INCCOM0.06%$277,5541.7K
81USBUS BANCORP DELCOM NEW0.06%$277,0408.4K
82AVTAVNET INCCOM0.06%$276,9265.5K
83BCCBOISE CASCADE CO DELCOM0.06%$276,0063.1K
84GISGENERAL MLS INCCOM0.06%$275,3693.6K
85METMETLIFE INCCOM0.06%$273,3564.8K
86ADMARCHER DANIELS MIDLAND COCOM0.06%$270,8343.6K
87CMCCOMMERCIAL METALS COCOM0.06%$270,7255.1K
88RITMRITHM CAPITAL CORPCOM NEW0.06%$268,42028.7K
89RUSHARUSH ENTERPRISES INCCL A0.06%$267,6014.4K
90SMSM ENERGY COCOM0.06%$267,2428.4K
91EWBCEAST WEST BANCORP INCCOM0.06%$265,1645.0K
92COPA HOLDINGS SACL A0.06%$264,9502.4K
93BACVERIZON COMMUNICATIONS INCCOM0.06%$264,6077.1K
94USX1UNITED STATES STL CORP NEWCOM0.06%$262,23410.5K
95MDC1USDM D C HLDGS INCCOM0.06%$261,8945.6K
96KBHKB HOMECOM0.06%$261,7045.1K
97GPIGROUP 1 AUTOMOTIVE INCCOM0.06%$260,9111.0K
98MANMANPOWERGROUP INC WISCOM0.06%$260,3403.3K
99NUENUCOR CORPCOM0.06%$259,9661.6K
100VANGUARD WHITEHALL FDSINTL DVD ETF0.06%$259,8853.5K

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 ↗.