SEC 13F Intelligence

Managers / Q2 2025 · view latest →

Paragon Capital Management Ltd

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

Reported Value
$552M
Q2 2025
Positions
214
Filings on Record
30
2019–present window
Filed
Jul 16, 2025
original filing

Summary

Paragon Capital Management Ltd reported $552M in U.S.-listed holdings across 214 positions for Q2 2025.

Its largest position, Vanguard Specialized Funds, represents 12.0% of the portfolio.

Compared with Q1 2025, the fund opened 51 new positions and exited 34.

Portfolio Metrics

Turnover
+4.5%
vs prior filed quarter
Top-10 Concentration
+68.9%
share of reported value
Largest Position
+12.0%
Vanguard Specialized Funds
New / Exited
51 / 34
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: 52.3%ETP: 46.7%Other: 0.4%MLP: 0.3%REIT: 0.2%Other: 0.0%
  • Common Stock · 52.3% · $289M
  • ETP · 46.7% · $258M
  • Other · 0.4% · $2M
  • MLP · 0.3% · $2M
  • REIT · 0.2% · $834,809
  • Other · 0.0% · $201,364

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
VANGUARD WORLD FDNEW+17.2K17.2K+$1M$1M
DASHDOORDASH INCNEW+4.4K4.4K+$1M$1M
INVESCO EXCH TRADED FD TR IINEW+14.3K14.3K+$742,421$742,421
ISHARES TRNEW+13.1K13.1K+$728,256$728,256
XP INCNEW+14.3K14.3K+$289,082$289,082
EMNEASTMAN CHEM CONEW+3.6K3.6K+$267,805$267,805
NOBLE CORP PLCNEW+10.0K10.0K+$264,889$264,889
LEVILEVI STRAUSS & CO NEWNEW+13.9K13.9K+$257,493$257,493

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

Holdings — Q2 2025

180 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VANGUARD SPECIALIZED FUNDSDIV APP ETF12.05%$66M324.7K
2INVESCO EXCHANGE TRADED FD TS&P500 QUALITY · WATER RES ETF · RAFI US 1000 ETF · S&P500 EQL WGT · S&P500 PUR VAL9.91%$55M767.3K
3COINCOINBASE GLOBAL INChistory →COM CL A9.91%$55M156.0K
4ABNBAIRBNB INChistory →COM CL A9.28%$51M386.9K
5ISHARES TRMSCI INTL QUALTY · MSCI EAFE ETF · 3 7 YR TREAS BD · CORE MSCI EAFE · RUS 1000 VAL ETF · CALIF MUN BD ETF · NATIONAL MUN ETF · RUS 2000 GRW ETF · RUS 2000 VAL ETF · MORNINGSTAR GRWT · ISHS 5-10YR INVT · ESG AWARE MSCI · TIPS BD ETF · S&P SML 600 GWT · GL CLEAN ENE ETF · U.S. TECH ETF7.48%$41M778.8K
6MSFTMICROSOFT CORPhistory →COM6.34%$35M70.3K
7PACER FDS TRUS CASH COWS 1004.41%$24M441.1K
8CRMSALESFORCE INChistory →COM3.76%$21M76.1K
9PINSPINTEREST INChistory →CL A3.53%$19M542.5K
10OKTAOKTA INChistory →CL A2.25%$12M124.2K
112023 ETF SERIES TRUST IIGMO US QUALITY E2.23%$12M359.0K
12DOCNDIGITALOCEAN HLDGS INChistory →COM1.95%$11M376.4K
13VTVVANGUARD INDEX FDSVALUE ETF · SM CP VAL ETF · TOTAL STK MKT · MCAP VL IDXVIP · S&P 500 ETF SHS1.90%$10M56.1K
14SPDR S&P 500 ETF TRTR UNIT1.86%$10M16.6K
15VANGUARD MUN BD FDSTAX EXEMPT BD · INTERMEDIATE TRM1.32%$7M125.5K
16CASHPATHWARD FINANCIAL INChistory →COM1.18%$6M0
17WOWWIDEOPENWEST INCCOM0.96%$5M1.31M
18VANGUARD WORLD FDESG US STK ETF · ESG INTL STK ETF0.90%$5M52.3K
19FRANKLIN TEMPLETON ETF TRFTSE JAPAN ETF0.89%$5M152.2K
20PROSHARES TRS&P 500 DV ARIST · DJ BRKFLD GLB0.88%$5M51.7K
21TMUST-MOBILE US INCCOM0.84%$5M19.3K
22LYFTLYFT INCCL A COM0.81%$4M283.7K
23AAPLAPPLE INCCOM0.71%$4M19.2K
24RI4APOET TECHNOLOGIES INCCOM NEW0.55%$3M579.3K
25IOTSAMSARA INCCOM CL A0.53%$3M72.8K
26AMERICAN CENTY ETF TRUS SML CP VALU · INTERNATIONAL LR0.51%$3M31.7K
27ISHARES INCMSCI JPN ETF NEW · CORE MSCI EMKT0.48%$3M36.1K
28ORCLORACLE CORPCOM0.38%$2M9.5K
29RBLXROBLOX CORPCL A0.35%$2M18.6K
30TXNTEXAS INSTRS INCCOM0.30%$2M7.9K
31VANGUARD TAX-MANAGED FDSVAN FTSE DEV MKT0.30%$2M28.6K
32VANGUARD INTL EQUITY INDEX FFTSE SMCAP ETF0.26%$1M10.7K
33SCHWAB STRATEGIC TRFUNDAMENTAL US L · FUNDAMENTAL US S · FUNDAMENTAL INTL · INTL EQTY ETF · US SML CAP ETF0.26%$1M52.4K
34ABBVABBVIE INCCOM0.25%$1M7.5K
35PGPROCTER AND GAMBLE COCOM0.25%$1M8.7K
36INVESCO EXCH TRADED FD TR IIS&P 500 ENHNCD · RAFI EMRGNG MRKT · RAFI DVLPD MRKTS0.24%$1M32.4K
37IBMINTERNATIONAL BUSINESS MACHSCOM0.24%$1M4.5K
38SPDR SERIES TRUSTS&P 600 SMCP VAL0.23%$1M16.1K
39ASANASANA INCCL A0.23%$1M94.2K
40ETENERGY TRANSFER L PCOM UT LTD PTN0.23%$1M68.7K
41WMTWALMART INCCOM0.22%$1M12.2K
42BEPCBROOKFIELD RENEWABLE CORPCL A EX SUB VTG0.21%$1M36.2K
43LLYELI LILLY & COCOM0.20%$1M1.4K
44DASHDOORDASH INCCL A0.20%$1M4.4K
45CMCSACOMCAST CORP NEWCL A0.19%$1M29.7K
46MDYSPDR S&P MIDCAP 400 ETF TRUTSER1 S&PDCRP0.17%$963,0161.7K
47HONGBPHONEYWELL INTL INCCOM0.17%$926,6304.0K
48AVGOBROADCOM INCCOM0.16%$899,6873.3K
49JPMJPMORGAN CHASE & CO.COM0.16%$877,9893.0K
50HOODROBINHOOD MKTS INCCOM CL A0.15%$854,7489.1K
51ABTABBOTT LABSCOM0.15%$850,2246.3K
52CSCOCISCO SYS INCCOM0.15%$831,51812.0K
53AMGNAMGEN INCCOM0.14%$787,3722.8K
54AFRMAFFIRM HLDGS INCCOM CL A0.13%$744,63810.8K
55NVDANVIDIA CORPORATIONCOM0.13%$715,2374.5K
56DPZDOMINOS PIZZA INCCOM0.13%$701,5841.6K
57DVNDEVON ENERGY CORP NEWCOM0.12%$673,13121.2K
58CHVCHEVRON CORP NEWCOM0.12%$662,0364.6K
59PFEPFIZER INCCOM0.11%$604,98225.0K
60BIPCBROOKFIELD INFRASTRUCTURE COCOM SUB VTG A0.11%$604,61414.5K
61CARTMAPLEBEAR INCCOM0.10%$576,35812.7K
62SSGA ACTIVE ETF TRSPDR TR TACTIC0.10%$560,31514.0K
63KOCOCA COLA COCOM0.10%$554,2477.8K
64FISVFISERV INCCOM0.10%$551,7123.2K
65TAPMOLSON COORS BEVERAGE COCL B0.10%$548,69711.4K
66AMZNAMAZON COM INCCOM0.10%$531,8012.4K
67GQ9SPDR GOLD TRGOLD SHS0.09%$507,2371.7K
68ITWILLINOIS TOOL WKS INCCOM0.09%$494,5002.0K
69JNJJOHNSON & JOHNSONCOM0.09%$490,2733.2K
70MCDMCDONALDS CORPCOM0.09%$488,8521.7K
71HDHOME DEPOT INCCOM0.09%$469,2271.3K
72RDDTREDDIT INCCL A0.08%$465,8643.1K
73EPDENTERPRISE PRODS PARTNERS LCOM0.08%$465,15015.0K
74NOCNORTHROP GRUMMAN CORPCOM0.08%$428,983858
75MARMARRIOTT INTL INC NEWCL A0.08%$420,7701.5K
76DISDISNEY WALT COCOM0.07%$411,0923.3K
77EXMOCEXXON MOBIL CORPCOM0.07%$393,0283.6K
78MRKMERCK & CO INCCOM0.07%$381,0514.8K
79YUMYUM BRANDS INCCOM0.07%$371,7842.5K
80CLCOLGATE PALMOLIVE COCOM0.07%$370,5084.1K
81AXPAMERICAN EXPRESS COCOM0.06%$346,7311.1K
82SPDR INDEX SHS FDSS&P GBLINF ETF0.06%$346,2345.1K
83FIRST TR EXCHNG TRADED FD VIFT VEST UQ EQT0.06%$340,7127.3K
84HPEHEWLETT PACKARD ENTERPRISE CCOM0.06%$334,47716.4K
85VANGUARD WHITEHALL FDSINTL DVD ETF0.06%$329,2733.7K
86ABGCENCORA INCCOM0.05%$302,0721.0K
87XP INCCL A0.05%$289,08214.3K
88MOSMOSAIC CO NEWCOM0.05%$287,5607.9K
89WMWASTE MGMT INC DELCOM0.05%$281,8751.2K
90SPGIS&P GLOBAL INCCOM0.05%$280,518532
91RTXRTX CORPORATIONCOM0.05%$278,7521.9K
92PDPAGERDUTY INCCOM0.05%$274,38318.0K
93KLACKLA CORPCOM NEW0.05%$270,513302
94EMNEASTMAN CHEM COCOM0.05%$267,8053.6K
95BENFRANKLIN RESOURCES INCCOM0.05%$267,30411.2K
96NOBLE CORP PLCORD SHS A0.05%$264,88910.0K
97METMETLIFE INCCOM0.05%$261,6513.3K
98WFCWELLS FARGO CO NEWCOM0.05%$260,8713.3K
99CRBGCOREBRIDGE FINL INCCOM0.05%$258,6307.3K
100LEVILEVI STRAUSS & CO NEWCL A COM STK0.05%$257,49313.9K

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 ↗.