SEC 13F Intelligence

Managers / Q1 2025 · view latest →

Paragon Capital Management Ltd

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

Reported Value
$488M
Q1 2025
Positions
197
Filings on Record
30
2019–present window
Filed
Apr 16, 2025
original filing

Summary

Paragon Capital Management Ltd reported $488M in U.S.-listed holdings across 197 positions for Q1 2025.

Its largest position, Vanguard Specialized Funds, represents 13.2% of the portfolio.

Compared with Q4 2024, the fund opened 17 new positions and exited 7.

Portfolio Metrics

Turnover
+5.3%
vs prior filed quarter
Top-10 Concentration
+68.3%
share of reported value
Largest Position
+13.2%
Vanguard Specialized Funds
New / Exited
17 / 7
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: 49.5%ETP: 49.4%Other: 0.4%MLP: 0.4%REIT: 0.3%Other: 0.0%
  • Common Stock · 49.5% · $241M
  • ETP · 49.4% · $241M
  • Other · 0.4% · $2M
  • MLP · 0.4% · $2M
  • REIT · 0.3% · $1M
  • Other · 0.0% · $171,310

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
WOWWIDEOPENWEST INCNEW+1.23M1.23M+$6M$6M
DPZDOMINOS PIZZA INCNEW+1.6K1.6K+$715,364$715,364
AVGOBROADCOM INCNEW+3.8K3.8K+$628,584$628,584
NOCNORTHROP GRUMMAN CORPNEW+858858+$439,305$439,305
CVSCVS HEALTH CORPNEW+4.3K4.3K+$288,705$288,705
VANGUARD INDEX FDSNEW+1.7K1.7K+$276,626$276,626
SPGIS&P GLOBAL INCNEW+532532+$270,309$270,309
ISHARES TRNEW+7.0K7.0K+$269,478$269,478

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

Holdings — Q1 2025

167 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VANGUARD SPECIALIZED FUNDSDIV APP ETF13.21%$64M332.4K
2INVESCO EXCHANGE TRADED FD TS&P500 QUALITY · S&P500 PUR VAL · WATER RES ETF · RAFI US 1000 ETF · S&P500 EQL WGT10.68%$52M781.5K
3ABNBAIRBNB INChistory →COM CL A9.47%$46M386.9K
4ISHARES TRMSCI INTL QUALTY · MSCI EAFE ETF · 3 7 YR TREAS BD · CORE MSCI EAFE · MSCI GBL SUS DEV · RUS 1000 VAL ETF · RUS 2000 VAL ETF · NATIONAL MUN ETF · ISHS 5-10YR INVT · MORNINGSTAR GRWT · RUS 2000 GRW ETF · TIPS BD ETF · S&P SML 600 GWT · ESG AWARE MSCI · GL CLEAN ENE ETF8.15%$40M787.3K
5COINCOINBASE GLOBAL INChistory →COM CL A6.10%$30M173.0K
6MSFTMICROSOFT CORPhistory →COM5.44%$27M70.8K
7PACER FDS TRUS CASH COWS 1004.94%$24M440.8K
8CRMSALESFORCE INChistory →COM4.18%$20M76.1K
9PINSPINTEREST INChistory →CL A3.45%$17M542.5K
10OKTAOKTA INChistory →CL A2.68%$13M124.2K
11DOCNDIGITALOCEAN HLDGS INChistory →COM2.57%$13M376.5K
122023 ETF SERIES TRUST IIGMO US QUALITY E2.17%$11M338.3K
13VTVVANGUARD INDEX FDSVALUE ETF · SM CP VAL ETF · TOTAL STK MKT · S&P 500 ETF SHS · MCAP VL IDXVIP2.02%$10M54.2K
14SPDR S&P 500 ETF TRTR UNIT1.91%$9M16.7K
15VANGUARD MUN BD FDSTAX EXEMPT BD · INTERMEDIATE TRM1.36%$7M123.0K
16WOWWIDEOPENWEST INChistory →COM1.25%$6M1.23M
17TMUST-MOBILE US INChistory →COM1.06%$5M19.3K
18PROSHARES TRS&P 500 DV ARIST · DJ BRKFLD GLB1.03%$5M52.6K
19AAPLAPPLE INCCOM0.92%$4M20.2K
20CASHPATHWARD FINANCIAL INCCOM0.75%$4M0
21LYFTLYFT INCCL A COM0.69%$3M283.7K
22VANGUARD WORLD FDESG US STK ETF0.64%$3M32.0K
23RI4APOET TECHNOLOGIES INCCOM NEW0.45%$2M579.3K
24FRANKLIN TEMPLETON ETF TRFTSE JAPAN ETF0.42%$2M69.7K
25ISHARES INCMSCI JPN ETF NEW0.41%$2M29.4K
26AMERICAN CENTY ETF TRUS SML CP VALU0.38%$2M21.4K
27ABBVABBVIE INCCOM0.32%$2M7.5K
28PGPROCTER AND GAMBLE COCOM0.30%$1M8.7K
29TXNTEXAS INSTRS INCCOM0.29%$1M8.0K
30VANGUARD TAX-MANAGED FDSVAN FTSE DEV MKT0.29%$1M27.9K
31ASANASANA INCCL A0.28%$1M94.2K
32IOTSAMSARA INCCOM CL A0.28%$1M35.1K
33VANGUARD INTL EQUITY INDEX FFTSE SMCAP ETF0.27%$1M11.6K
34ORCLORACLE CORPCOM0.27%$1M9.5K
35SCHWAB STRATEGIC TRFUNDAMENTAL US L · FUNDAMENTAL US S · FUNDAMENTAL INTL · INTL EQTY ETF · US SML CAP ETF0.27%$1M52.4K
36ETENERGY TRANSFER L PCOM UT LTD PTN0.26%$1M68.7K
37SPDR SER TRS&P 600 SMCP VAL0.24%$1M15.0K
38LLYELI LILLY & COCOM0.24%$1M1.4K
39CMCSACOMCAST CORP NEWCL A0.24%$1M31.5K
40IBMINTERNATIONAL BUSINESS MACHSCOM0.23%$1M4.6K
41RBLXROBLOX CORPCL A0.22%$1M18.6K
42BEPCBROOKFIELD RENEWABLE CORPCL A EX SUB VTG0.22%$1M38.8K
43SSGA ACTIVE ETF TRSPDR TR TACTIC0.22%$1M26.8K
44WMTWALMART INCCOM0.22%$1M12.2K
45MDYSPDR S&P MIDCAP 400 ETF TRUTSER1 S&PDCRP0.19%$906,9161.7K
46AMGNAMGEN INCCOM0.18%$878,5712.8K
47ABTABBOTT LABSCOM0.17%$833,8466.3K
48CSCOCISCO SYS INCCOM0.16%$800,53213.0K
49CHVCHEVRON CORP NEWCOM0.16%$772,0554.6K
50TAPMOLSON COORS BEVERAGE COCL B0.16%$766,33112.6K
51JPMJPMORGAN CHASE & CO.COM0.16%$757,6243.1K
52DPZDOMINOS PIZZA INCCOM0.15%$715,3641.6K
53FISVFISERV INCCOM0.14%$706,6563.2K
54VANGUARD SCOTTSDALE FDSINTER TERM TREAS0.14%$688,63311.6K
55AVGOBROADCOM INCCOM0.13%$628,5843.8K
56JNJJOHNSON & JOHNSONCOM0.13%$617,3783.7K
57DVNDEVON ENERGY CORP NEWCOM0.12%$577,41915.4K
58KOCOCA COLA COCOM0.11%$561,0627.8K
59INVESCO EXCH TRADED FD TR IIRAFI EMRGNG MRKT · RAFI DVLPD MRKTS0.11%$548,84518.2K
60BIPCBROOKFIELD INFRASTRUCTURE COCOM SUB VTG A0.11%$525,98514.5K
61MCDMCDONALDS CORPCOM0.11%$524,1841.7K
62EPDENTERPRISE PRODS PARTNERS LCOM0.10%$512,10015.0K
63CARTMAPLEBEAR INCCOM0.10%$508,19912.7K
64ITWILLINOIS TOOL WKS INCCOM0.10%$496,0202.0K
65NVDANVIDIA CORPORATIONCOM0.10%$490,6144.5K
66AFRMAFFIRM HLDGS INCCOM CL A0.10%$486,69610.8K
67HDHOME DEPOT INCCOM0.10%$477,5771.3K
68XLESELECT SECTOR SPDR TRSBI HEALTHCARE · ENERGY0.10%$474,6354.1K
69AMZNAMAZON COM INCCOM0.09%$461,1902.4K
70FOXAFOX CORPCL A COM0.09%$460,5938.1K
71GPIGROUP 1 AUTOMOTIVE INCCOM0.09%$458,8151.2K
72PSXPHILLIPS 66COM0.09%$452,7353.7K
73EXMOCEXXON MOBIL CORPCOM0.09%$449,8233.8K
74CLCOLGATE PALMOLIVE COCOM0.09%$449,1984.8K
75PFEPFIZER INCCOM0.09%$446,46517.6K
76NOCNORTHROP GRUMMAN CORPCOM0.09%$439,305858
77MRKMERCK & CO INCCOM0.09%$430,9844.8K
78UNMUNUM GROUPCOM0.09%$426,7445.2K
79BNYBANK NEW YORK MELLON CORPCOM0.08%$403,0314.8K
80YUMYUM BRANDS INCCOM0.08%$394,8162.5K
81GLGLOBE LIFE INCCOM0.08%$391,7663.0K
82AXIS CAP HLDGS LTDSHS0.08%$386,1243.9K
83HOODROBINHOOD MKTS INCCOM CL A0.08%$379,9499.1K
84DISDISNEY WALT COCOM0.08%$378,3163.8K
85MARMARRIOTT INTL INC NEWCL A0.08%$366,5971.5K
86METMETLIFE INCCOM0.07%$355,2164.4K
87COLBCOLUMBIA BKG SYS INCCOM0.07%$354,15914.2K
88ORIOLD REP INTL CORPCOM0.07%$351,2209.0K
89CUZCOUSINS PPTYS INCCOM NEW0.07%$348,79811.8K
90COFCAPITAL ONE FINL CORPCOM0.07%$346,9681.9K
91LNCLINCOLN NATL CORP INDCOM0.07%$342,2539.5K
92FIRST TR EXCHNG TRADED FD VIFT VEST UQ EQT0.07%$335,4287.7K
93GQ9SPDR GOLD TRGOLD SHS0.07%$332,8021.2K
94VLYVALLEY NATL BANCORPCOM0.07%$332,76237.4K
95SYU1SYNOVUS FINL CORPCOM NEW0.07%$330,9827.1K
96MTBM & T BK CORPCOM0.07%$329,1181.8K
97PDPAGERDUTY INCCOM0.07%$328,07418.0K
98STTSTATE STR CORPCOM0.07%$326,5403.6K
99RDDTREDDIT INCCL A0.07%$324,5613.1K
100MPCMARATHON PETE CORPCOM0.07%$322,8402.2K

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 ↗.