SEC 13F Intelligence

Managers / Q4 2023 · view latest →

Paragon Capital Management Ltd

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

Reported Value
$489M
Q4 2023
Positions
170
Filings on Record
30
2019–present window
Filed
Jan 12, 2024
original filing

Summary

Paragon Capital Management Ltd reported $489M in U.S.-listed holdings across 170 positions for Q4 2023.

Its largest position, ABNB, represents 13.6% of the portfolio.

Compared with Q3 2023, the fund opened 16 new positions and exited 35.

Portfolio Metrics

Turnover
+7.1%
vs prior filed quarter
Top-10 Concentration
+70.6%
share of reported value
Largest Position
+13.6%
Airbnb
New / Exited
16 / 35
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: 51.0%ETP: 48.5%REIT: 0.2%MLP: 0.2%ADR: 0.1%
  • Common Stock · 51.0% · $250M
  • ETP · 48.5% · $237M
  • REIT · 0.2% · $915,428
  • MLP · 0.2% · $771,282
  • ADR · 0.1% · $646,737

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
FLJPFRANKLIN TEMPLETON ETF TRNEW+73.1K73.1K+$2M$2M
SPDR SER TRNEW+15.2K15.2K+$1M$1M
AVGOBROADCOM INCNEW+1.1K1.1K+$1M$1M
ETENERGY TRANSFER L PNEW+55.9K55.9K+$771,282$771,282
VTIVANGUARD INDEX FDSNEW+2.1K2.1K+$496,381$496,381
IGIBISHARES TRNEW+6.5K6.5K+$337,064$337,064
NVDANVIDIA CORPORATIONNEW+643643+$318,426$318,426
BABOEING CONEW+980980+$255,447$255,447

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

Holdings — Q4 2023

151 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ABNBAIRBNB INChistory →COM CL A13.57%$66M487.7K
2VIGVANGUARD SPECIALIZED FUNDShistory →DIV APP ETF12.07%$59M346.6K
3SPHQINVESCO EXCHANGE TRADED FD TS&P500 QUALITY · S&P500 PUR VAL · S&P500 EQL WGT10.52%$51M946.1K
4IQLTISHARES TRMSCI INTL QUALTY · 3 7 YR TREAS BD · MSCI EAFE ETF · CORE MSCI EAFE · RUS 1000 VAL ETF · RUS 2000 VAL ETF · NATIONAL MUN ETF · MORNINGSTAR GRWT · ISHS 5-10YR INVT · RUS 2000 GRW ETF · S&P SML 600 GWT · TIPS BD ETF · RUSSELL 2000 ETF · CALIF MUN BD ETF7.40%$36M699.0K
5MSFTMICROSOFT CORPhistory →COM5.47%$27M71.1K
6COINCOINBASE GLOBAL INChistory →COM CL A5.19%$25M146.1K
7PINSPINTEREST INChistory →CL A4.58%$22M604.8K
8COWZPACER FDS TRhistory →US CASH COWS 1004.19%$20M394.2K
9CRMSALESFORCE INChistory →COM4.09%$20M76.1K
10VGITVANGUARD SCOTTSDALE FDSINTER TERM TREAS · SHRT TRM CORP BD3.52%$17M288.3K
11DOCNDIGITALOCEAN HLDGS INChistory →COM2.82%$14M376.6K
12OKTAOKTA INChistory →CL A2.30%$11M124.3K
13VTVVANGUARD INDEX FDSVALUE ETF · SM CP VAL ETF · TOTAL STK MKT1.82%$9M56.1K
14SPYSPDR S&P 500 ETF TRhistory →TR UNIT1.66%$8M17.0K
15GUNRFLEXSHARES TRhistory →MORNSTAR UPSTR1.44%$7M171.4K
16NOBLPROSHARES TRhistory →S&P 500 DV ARIST1.21%$6M62.3K
17CASHPATHWARD FINANCIAL INChistory →COM1.13%$6M0
18VTEBVANGUARD MUN BD FDShistory →TAX EXEMPT BD1.06%$5M101.1K
19AAPLAPPLE INCCOM0.88%$4M22.4K
20LYFTLYFT INCCL A COM0.87%$4M283.7K
21BROOKFIELD INFRASTRUCTURE COCOM SB VTG SHS A0.83%$4M115.0K
22TMUST-MOBILE US INCCOM0.78%$4M23.9K
23AVDVAMERICAN CENTY ETF TRUS SML CP VALU · INTL SMCP VLU0.67%$3M38.6K
24TOTLSSGA ACTIVE ETF TRSPDR TR TACTIC0.46%$2M55.6K
25FLJPFRANKLIN TEMPLETON ETF TRFTSE JAPAN ETF0.42%$2M73.1K
26EWJISHARES INCMSCI JPN ETF NEW0.42%$2M31.8K
27ASANASANA INCCL A0.37%$2M94.2K
28MDYSPDR S&P MIDCAP 400 ETF TRUTSER1 S&PDCRP0.35%$2M3.4K
29PGPROCTER AND GAMBLE COCOM0.27%$1M9.0K
30ABBVABBVIE INCCOM0.27%$1M8.4K
31SPDR SER TRS&P 600 SMCP VAL0.26%$1M15.2K
32VANGUARD INTL EQUITY INDEX FFTSE SMCAP ETF0.26%$1M11.0K
33AVGOBROADCOM INCCOM0.25%$1M1.1K
34VEAVANGUARD TAX-MANAGED FDSVAN FTSE DEV MKT0.24%$1M24.6K
35ORCLORACLE CORPCOM0.22%$1M10.2K
36JNJJOHNSON & JOHNSONCOM0.19%$923,8255.9K
37FIRST TR EXCHNG TRADED FD VIFT CBOE EQTY BFR0.18%$876,06622.5K
38RBLXROBLOX CORPCL A0.17%$849,84318.6K
39LLYELI LILLY & COCOM0.17%$831,0631.4K
40AMGNAMGEN INCCOM0.17%$827,4812.9K
41CMCSACOMCAST CORP NEWCL A0.17%$816,75018.6K
42TXNTEXAS INSTRS INCCOM0.17%$816,0824.8K
43ETENERGY TRANSFER L PCOM UT LTD PTN0.16%$771,28255.9K
44CVXCHEVRON CORP NEWCOM0.16%$765,6815.1K
45ABTABBOTT LABSCOM0.15%$720,9216.5K
46CSCOCISCO SYS INCCOM0.15%$717,27214.2K
47DVNDEVON ENERGY CORP NEWCOM0.14%$681,26715.0K
48WMTWALMART INCCOM0.14%$662,9034.2K
49JPMJPMORGAN CHASE & COCOM0.13%$637,9973.8K
50FISVFISERV INCCOM0.13%$637,6324.8K
51PFEPFIZER INCCOM0.11%$546,26119.0K
52SPDR INDEX SHS FDSS&P GBLINF ETF0.11%$544,87910.2K
53AFRMAFFIRM HLDGS INCCOM CL A0.11%$529,23810.8K
54MRKMERCK & CO INCCOM0.11%$527,5034.8K
55ITWILLINOIS TOOL WKS INCCOM0.11%$523,8802.0K
56TAPMOLSON COORS BEVERAGE COCL B0.11%$516,3688.4K
57KOCOCA COLA COCOM0.10%$508,8538.6K
58ACNACCENTURE PLC IRELANDSHS CLASS A0.10%$505,6611.4K
59HDHOME DEPOT INCCOM0.10%$478,1091.4K
60CLCOLGATE PALMOLIVE COCOM0.10%$477,0646.0K
61PHMPULTE GROUP INCCOM0.09%$424,7734.1K
62PDPAGERDUTY INCCOM0.08%$415,70518.0K
63WSMWILLIAMS SONOMA INCCOM0.08%$410,2242.0K
64MCDMCDONALDS CORPCOM0.08%$407,4051.4K
65HOODROBINHOOD MKTS INCCOM CL A0.08%$400,72431.5K
66DISDISNEY WALT COCOM0.08%$396,8674.4K
67UNITED STATES STL CORP NEWCOM0.08%$384,6447.9K
68PSXPHILLIPS 66COM0.08%$378,3612.8K
69EXMOCEXXON MOBIL CORPCOM0.07%$365,4733.7K
70HONHONEYWELL INTL INCCOM0.07%$353,1521.7K
71MARMARRIOTT INTL INC NEWCL A0.07%$345,6561.5K
72VZVERIZON COMMUNICATIONS INCCOM0.07%$345,5219.2K
73MPCMARATHON PETE CORPCOM0.07%$338,0082.3K
74PEPPEPSICO INCCOM0.07%$332,3142.0K
75YUMYUM BRANDS INCCOM0.07%$327,8262.5K
76ZIONZIONS BANCORPORATION N ACOM0.07%$321,3997.3K
77NVDANVIDIA CORPORATIONCOM0.07%$318,426643
78DFJWISDOMTREE TRJP SMALLCP DIV0.06%$299,6004.0K
79BCCBOISE CASCADE CO DELCOM0.06%$299,5332.3K
80WESTROCK COCOM0.06%$298,7387.2K
81USBUS BANCORP DELCOM NEW0.06%$291,1176.7K
82XLVSELECT SECTOR SPDR TRSBI HEALTHCARE0.06%$289,5352.1K
83VIGIVANGUARD WHITEHALL FDSINTL DVD ETF0.06%$282,1753.6K
84EWBCEAST WEST BANCORP INCCOM0.06%$277,4323.9K
85TOLTOLL BROTHERS INCCOM0.06%$277,3492.7K
86THOTHOR INDS INCCOM0.06%$276,6542.3K
87COSTCOSTCO WHSL CORP NEWCOM0.06%$275,071416
88VLYVALLEY NATL BANCORPCOM0.05%$263,62724.3K
89FNFFIDELITY NATIONAL FINANCIALFNF GROUP COM0.05%$260,9815.1K
90SIGSIGNET JEWELERS LIMITEDSHS0.05%$260,9642.4K
91EMNEASTMAN CHEM COCOM0.05%$260,5292.9K
92EQIXEQUINIX INCCOM0.05%$260,141323
93JXNJACKSON FINANCIAL INCCOM CL A0.05%$259,0465.1K
94BABOEING COCOM0.05%$255,447980
95SYYSYSCO CORPCOM0.05%$255,1303.5K
96DEODIAGEO PLCSPON ADR NEW0.05%$254,9051.8K
97KRCKILROY RLTY CORPCOM0.05%$252,8436.3K
98RUSHARUSH ENTERPRISES INCCL A0.05%$252,3835.0K
99WTFCWINTRUST FINL CORPCOM0.05%$252,0912.7K
100METMETLIFE INCCOM0.05%$249,8103.8K

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 ↗.