SEC 13F Intelligence

Managers / Q3 2023 · view latest →

Paragon Capital Management Ltd

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

Reported Value
$444M
Q3 2023
Positions
189
Filings on Record
30
2019–present window
Filed
Oct 10, 2023
original filing

Summary

Paragon Capital Management Ltd reported $444M in U.S.-listed holdings across 189 positions for Q3 2023.

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

Compared with Q2 2023, the fund opened 7 new positions and exited 9.

Portfolio Metrics

Turnover
+6.1%
vs prior filed quarter
Top-10 Concentration
+69.4%
share of reported value
Largest Position
+16.3%
Airbnb
New / Exited
7 / 9
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: 50.9%ETP: 48.5%REIT: 0.3%ADR: 0.1%Other: 0.1%
  • Common Stock · 50.9% · $226M
  • ETP · 48.5% · $216M
  • REIT · 0.3% · $1M
  • ADR · 0.1% · $600,809
  • Other · 0.1% · $595,335

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
COWZPACER FDS TRNEW+286.0K286.0K+$14M$14M
TOTLSSGA ACTIVE ETF TRNEW+13.9K13.9K+$538,014$538,014
COSTCOSTCO WHSL CORP NEWNEW+639639+$361,347$361,347
VOOVANGUARD INDEX FDSNEW+884884+$347,171$347,171
HOODROBINHOOD MKTS INCNEW+31.5K31.5K+$308,564$308,564
XLESELECT SECTOR SPDR TRNEW+2.6K2.6K+$234,056$234,056
GENERAL ELECTRIC CONEW+1.8K1.8K+$202,085$202,085
IEPICAHN ENTERPRISES LPSOLD OUT−12.2K0−$353,499$0

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

Holdings — Q3 2023

169 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ABNBAIRBNB INChistory →COM CL A16.34%$73M529.3K
2VIGVANGUARD SPECIALIZED FUNDShistory →DIV APP ETF12.12%$54M346.8K
3SPHQINVESCO EXCHANGE TRADED FD TS&P500 QUALITY · S&P500 PUR VAL · S&P500 EQL WGT10.58%$47M934.4K
4IQLTISHARES TRMSCI INTL QUALTY · MSCI EAFE ETF · SP SMCP600VL ETF · 3 7 YR TREAS BD · RUS 1000 VAL ETF · CORE MSCI EAFE · NATIONAL MUN ETF · RUS 2000 VAL ETF · TIPS BD ETF · ISHS 1-5YR INVS · RUS 2000 GRW ETF · RUSSELL 2000 ETF · MORNINGSTAR GRWT · S&P SML 600 GWT6.49%$29M650.1K
5MSFTMICROSOFT CORPhistory →COM5.05%$22M71.1K
6VGITVANGUARD SCOTTSDALE FDSINTER TERM TREAS · SHRT TRM CORP BD4.62%$21M357.5K
7PINSPINTEREST INChistory →CL A3.88%$17M637.8K
8COINCOINBASE GLOBAL INChistory →COM CL A3.68%$16M217.6K
9CRMSALESFORCE INChistory →COM3.47%$15M76.1K
10COWZPACER FDS TRhistory →US CASH COWS 1003.18%$14M286.0K
11VTVVANGUARD INDEX FDSVALUE ETF · SM CP VAL ETF · S&P 500 ETF SHS2.83%$13M83.6K
12OKTAOKTA INChistory →CL A2.29%$10M124.7K
13DOCNDIGITALOCEAN HLDGS INChistory →COM2.04%$9M376.6K
14NOBLPROSHARES TRhistory →S&P 500 DV ARIST1.87%$8M93.9K
15SPYSPDR S&P 500 ETF TRhistory →TR UNIT1.62%$7M16.8K
16GUNRFLEXSHARES TRhistory →MORNSTAR UPSTR1.52%$7M167.5K
17CASHPATHWARD FINANCIAL INCCOM0.98%$4M0
18AAPLAPPLE INCCOM0.88%$4M22.8K
19TMUST-MOBILE US INCCOM0.85%$4M26.8K
20LYFTLYFT INCCL A COM0.67%$3M283.7K
21EWJISHARES INCMSCI JPN ETF NEW0.64%$3M47.4K
22AVDVAMERICAN CENTY ETF TRUS SML CP VALU · INTL SMCP VLU0.64%$3M38.4K
23BROOKFIELD INFRASTRUCTURE COCOM SB VTG SHS A0.61%$3M76.8K
24SPDR INDEX SHS FDSS&P GBLINF ETF0.56%$2M50.5K
25ASANASANA INCCL A0.39%$2M95.1K
26MDYSPDR S&P MIDCAP 400 ETF TRUTSER1 S&PDCRP0.35%$2M3.4K
27VANGUARD INTL EQUITY INDEX FFTSE SMCAP ETF0.33%$1M13.7K
28BIPCBROOKFIELD INFRAST PARTNERSLP INT UNIT0.30%$1M45.2K
29PGPROCTER AND GAMBLE COCOM0.29%$1M8.9K
30ABBVABBVIE INCCOM0.28%$1M8.4K
31ORCLORACLE CORPCOM0.24%$1M10.2K
32VTEBVANGUARD MUN BD FDSTAX EXEMPT BD0.24%$1M22.3K
33VEAVANGUARD TAX-MANAGED FDSVAN FTSE DEV MKT0.23%$1M23.4K
34CVXCHEVRON CORP NEWCOM0.21%$932,0065.5K
35JNJJOHNSON & JOHNSONCOM0.21%$911,1905.8K
36LLYELI LILLY & COCOM0.19%$851,4231.6K
37FIRST TR EXCHNG TRADED FD VIFT CBOE EQTY BFR0.18%$817,18223.2K
38CMCSACOMCAST CORP NEWCL A0.18%$780,60617.6K
39AMGNAMGEN INCCOM0.17%$757,9032.8K
40TXNTEXAS INSTRS INCCOM0.17%$752,5344.7K
41CSCOCISCO SYS INCCOM0.17%$733,55413.6K
42DVNDEVON ENERGY CORP NEWCOM0.16%$717,36015.0K
43WMTWALMART INCCOM0.15%$657,9374.1K
44ABTABBOTT LABSCOM0.14%$634,1046.5K
45PFEPFIZER INCCOM0.13%$596,19818.0K
46JPMJPMORGAN CHASE & COCOM0.12%$555,0213.8K
47FISVFISERV INCCOM0.12%$542,2084.8K
48RBLXROBLOX CORPCL A0.12%$538,30818.6K
49TOTLSSGA ACTIVE ETF TRSPDR TR TACTIC0.12%$538,01413.9K
50TAPMOLSON COORS BEVERAGE COCL B0.12%$536,4458.4K
51XLVSELECT SECTOR SPDR TRSBI HEALTHCARE · ENERGY0.11%$507,3714.7K
52MRKMERCK & CO INCCOM0.11%$497,3014.8K
53KOCOCA COLA COCOM0.11%$471,0098.4K
54ITWILLINOIS TOOL WKS INCCOM0.10%$460,6202.0K
55CLCOLGATE PALMOLIVE COCOM0.10%$460,2956.5K
56EXMOCEXXON MOBIL CORPCOM0.10%$443,5883.8K
57ACNACCENTURE PLC IRELANDSHS CLASS A0.10%$441,3171.4K
58HDHOME DEPOT INCCOM0.10%$423,3791.4K
59MPCMARATHON PETE CORPCOM0.09%$406,0832.7K
60PDPAGERDUTY INCCOM0.09%$403,85318.0K
61PSXPHILLIPS 66COM0.09%$397,7953.3K
62WSMWILLIAMS SONOMA INCCOM0.09%$383,7612.5K
63COSTCOSTCO WHSL CORP NEWCOM0.08%$361,347639
64DISDISNEY WALT COCOM0.08%$358,6844.4K
65PHMPULTE GROUP INCCOM0.08%$353,6514.8K
66PBFPBF ENERGY INCCL A0.08%$353,6026.6K
67MCDMCDONALDS CORPCOM0.08%$352,4831.3K
68BARCLAYS BANK PLCDJUBS CMDT ETN360.08%$343,60910.7K
69PEPPEPSICO INCCOM0.08%$341,9522.0K
70POETPOET TECHNOLOGIES INCCOM NEW0.07%$329,256107.6K
71UNITED STATES STL CORP NEWCOM0.07%$323,64910.0K
72SMSM ENERGY COCOM0.07%$320,9858.1K
73ZIONZIONS BANCORPORATION N ACOM0.07%$319,4559.2K
74GLDSPDR GOLD TRGOLD SHS0.07%$318,0401.9K
75DINOHF SINCLAIR CORPCOM0.07%$317,5615.6K
76WESTROCK COCOM0.07%$313,8508.8K
77YUMYUM BRANDS INCCOM0.07%$313,4742.5K
78HONHONEYWELL INTL INCCOM0.07%$311,1021.7K
79HOODROBINHOOD MKTS INCCOM CL A0.07%$308,56431.5K
80CRCCALIFORNIA RES CORPCOM STOCK0.07%$304,6465.4K
81MARMARRIOTT INTL INC NEWCL A0.07%$301,0561.5K
82BCCBOISE CASCADE CO DELCOM0.07%$300,9412.9K
83DFJWISDOMTREE TRJP SMALLCP DIV0.07%$296,5284.3K
84CFCF INDS HLDGS INCCOM0.07%$296,3553.5K
85EMNEASTMAN CHEM COCOM0.07%$292,8273.8K
86METMETLIFE INCCOM0.07%$292,5184.6K
87HPHELMERICH & PAYNE INCCOM0.06%$287,5656.8K
88VLOVALERO ENERGY CORPCOM0.06%$284,2902.0K
89MURMURPHY OIL CORPCOM0.06%$281,7356.2K
90CVECENOVUS ENERGY INCCOM0.06%$275,55313.2K
91THOTHOR INDS INCCOM0.06%$273,6652.9K
92USBUS BANCORP DELCOM NEW0.06%$269,1078.1K
93PAGPENSKE AUTOMOTIVE GRP INCCOM0.06%$264,2121.6K
94FNFFIDELITY NATIONAL FINANCIALFNF GROUP COM0.06%$264,1826.4K
95ADMARCHER DANIELS MIDLAND COCOM0.06%$261,1823.5K
96DEODIAGEO PLCSPON ADR NEW0.06%$261,0651.8K
97CIVICIVITAS RESOURCES INCCOM NEW0.06%$260,0623.2K
98RITMRITHM CAPITAL CORPCOM NEW0.06%$259,40527.9K
99GPIGROUP 1 AUTOMOTIVE INCCOM0.06%$259,363965
100VLYVALLEY NATL BANCORPCOM0.06%$259,22530.3K

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 ↗.