SEC 13F Intelligence

Managers / Q3 2025 · view latest →

Paragon Capital Management Ltd

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

Reported Value
$532M
Q3 2025
Positions
201
Filings on Record
30
2019–present window
Filed
Oct 15, 2025
original filing

Summary

Paragon Capital Management Ltd reported $532M in U.S.-listed holdings across 201 positions for Q3 2025.

Its largest position, VIG, represents 12.7% of the portfolio.

Compared with Q2 2025, the fund opened 8 new positions and exited 21.

Portfolio Metrics

Turnover
+3.7%
vs prior filed quarter
Top-10 Concentration
+69.3%
share of reported value
Largest Position
+12.7%
Vanguard Specialized Funds
New / Exited
8 / 21
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: 51.5%ETP: 47.9%MLP: 0.3%REIT: 0.2%ADR: 0.0%Closed-End Fund: 0.0%
  • Common Stock · 51.5% · $274M
  • ETP · 47.9% · $255M
  • MLP · 0.3% · $2M
  • REIT · 0.2% · $899,941
  • ADR · 0.0% · $123,286
  • Closed-End Fund · 0.0% · $98,596

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
PVHPVH CORPORATIONNEW+2.7K2.7K+$222,755$222,755
GE AEROSPACENEW+738738+$222,071$222,071
WSMWILLIAMS SONOMA INCNEW+1.1K1.1K+$217,731$217,731
HALHALLIBURTON CONEW+8.8K8.8K+$215,929$215,929
AMATAPPLIED MATLS INCNEW+1.0K1.0K+$210,737$210,737
XLESELECT SECTOR SPDR TRNEW+2.3K2.3K+$207,443$207,443
PHMPULTE GROUP INCNEW+1.6K1.6K+$206,123$206,123
BBYBEST BUY INCNEW+2.7K2.7K+$204,409$204,409

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

Holdings — Q3 2025

169 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VIGVANGUARD SPECIALIZED FUNDShistory →DIV APP ETF12.66%$67M311.9K
2SPHQINVESCO EXCHANGE TRADED FD TS&P500 QUALITY · WATER RES ETF · RAFI US 1000 ETF · S&P500 EQL WGT · S&P500 PUR VAL10.40%$55M753.8K
3COINCOINBASE GLOBAL INChistory →COM CL A9.42%$50M148.3K
4ABNBAIRBNB INChistory →COM CL A8.84%$47M386.9K
5IQLTISHARES TRMSCI INTL QUALTY · MSCI EAFE ETF · 3 7 YR TREAS BD · CORE MSCI EAFE · RUS 1000 VAL ETF · ESG AWARE MSCI · RUS 2000 VAL ETF · MORNINGSTAR GRWT · ISHS 5-10YR INVT · TIPS BD ETF · S&P SML 600 GWT · GL CLEAN ENE ETF · U.S. TECH ETF7.52%$40M756.5K
6MSFTMICROSOFT CORPhistory →COM6.70%$36M68.7K
7COWZPACER FDS TRhistory →US CASH COWS 1004.59%$24M424.7K
8CRMSALESFORCE INChistory →COM3.37%$18M75.6K
9PINSPINTEREST INChistory →CL A3.28%$17M542.5K
10QLTY2023 ETF SERIES TRUST IIhistory →GMO US QUALITY E2.54%$14M373.3K
11DOCNDIGITALOCEAN HLDGS INChistory →COM2.41%$13M374.8K
12OKTAOKTA INChistory →CL A2.14%$11M124.2K
13VTVVANGUARD INDEX FDSVALUE ETF · SM CP VAL ETF · TOTAL STK MKT · MCAP VL IDXVIP · S&P 500 ETF SHS1.81%$10M48.1K
14SPYSPDR S&P 500 ETF TRhistory →TR UNIT1.60%$9M12.8K
15FLJPFRANKLIN TEMPLETON ETF TRhistory →FTSE JAPAN ETF1.44%$8M221.3K
16WOWWIDEOPENWEST INChistory →COM1.27%$7M1.31M
17LYFTLYFT INChistory →CL A COM1.17%$6M283.7K
18ESGVVANGUARD WORLD FDESG US STK ETF · ESG INTL STK ETF1.07%$6M56.6K
19CASHPATHWARD FINANCIAL INCCOM0.84%$4M0
20VTEBVANGUARD MUN BD FDSTAX EXEMPT BD · INTERMEDIATE TRM0.83%$4M70.9K
21AAPLAPPLE INCCOM0.69%$4M14.4K
22IOTSAMSARA INCCOM CL A0.63%$3M90.1K
23NOBLPROSHARES TRS&P 500 DV ARIST · DJ BRKFLD GLB0.62%$3M35.5K
24POETPOET TECHNOLOGIES INCCOM NEW0.50%$3M476.7K
25AVIVAMERICAN CENTY ETF TRUS SML CP VALU · INTERNATIONAL LR0.49%$3M27.2K
26RBLXROBLOX CORPCL A0.48%$3M18.6K
27EWJISHARES INCMSCI JPN ETF NEW · CORE MSCI EMKT0.45%$2M30.6K
28ORCLORACLE CORPCOM0.40%$2M7.6K
29ABBVABBVIE INCCOM0.29%$2M6.8K
30FNDXSCHWAB STRATEGIC TRFUNDAMENTAL US L · FUNDAMENTAL INTL · FUNDAMENTAL US S · US SML CAP ETF · INTL EQTY ETF0.27%$1M49.5K
31SPDR SERIES TRUSTS&P 600 SMCP VAL0.27%$1M16.0K
32QVMTINVESCO EXCH TRADED FD TR IIS&P 500 ENHNCD · RAFI EMRGNG MRKT · RAFI DVLPD MRKTS0.26%$1M31.6K
33TXNTEXAS INSTRS INCCOM0.26%$1M7.5K
34PGPROCTER AND GAMBLE COCOM0.25%$1M8.7K
35HOODROBINHOOD MKTS INCCOM CL A0.25%$1M9.1K
36IBMINTERNATIONAL BUSINESS MACHSCOM0.24%$1M4.6K
37ASANASANA INCCL A0.24%$1M94.2K
38WMTWALMART INCCOM0.24%$1M12.2K
39BEPCBROOKFIELD RENEWABLE CORPCL A EX SUB VTG0.23%$1M36.2K
40VANGUARD INTL EQUITY INDEX FFTSE SMCAP ETF0.23%$1M8.7K
41DASHDOORDASH INCCL A0.22%$1M4.4K
42ETENERGY TRANSFER L PCOM UT LTD PTN0.22%$1M68.7K
43LLYELI LILLY & COCOM0.20%$1M1.4K
44MDYSPDR S&P MIDCAP 400 ETF TRUTSER1 S&PDCRP0.19%$1M1.7K
45VEAVANGUARD TAX-MANAGED FDSVAN FTSE DEV MKT0.18%$974,76616.3K
46JPMJPMORGAN CHASE & CO.COM0.18%$959,7633.0K
47NVDANVIDIA CORPORATIONCOM0.16%$844,7064.5K
48HONHONEYWELL INTL INCCOM0.16%$837,5804.0K
49AVGOBROADCOM INCCOM0.15%$803,0392.4K
50AMGNAMGEN INCCOM0.15%$795,8042.8K
51AFRMAFFIRM HLDGS INCCOM CL A0.15%$787,07210.8K
52ABTABBOTT LABSCOM0.14%$737,1165.5K
53CMCSACOMCAST CORP NEWCL A0.14%$734,72523.4K
54CVXCHEVRON CORP NEWCOM0.13%$717,4704.6K
55RDDTREDDIT INCCL A0.13%$711,5893.1K
56CSCOCISCO SYS INCCOM0.13%$675,3319.9K
57DPZDOMINOS PIZZA INCCOM0.13%$672,1721.6K
58PFEPFIZER INCCOM0.12%$626,96424.6K
59GLDSPDR GOLD TRGOLD SHS0.11%$591,5021.7K
60TOTLSSGA ACTIVE ETF TRSPDR TR TACTIC0.11%$566,41714.0K
61JNJJOHNSON & JOHNSONCOM0.10%$551,6893.0K
62AMZNAMAZON COM INCCOM0.10%$532,2382.4K
63NOCNORTHROP GRUMMAN CORPCOM0.10%$522,797858
64ITWILLINOIS TOOL WKS INCCOM0.10%$521,5202.0K
65KOCOCA COLA COCOM0.10%$519,5437.8K
66DVNDEVON ENERGY CORP NEWCOM0.10%$519,25214.8K
67TAPMOLSON COORS BEVERAGE COCL B0.10%$510,03511.3K
68MCDMCDONALDS CORPCOM0.10%$508,4891.7K
69EPDENTERPRISE PRODS PARTNERS LCOM0.09%$469,05015.0K
70CARTMAPLEBEAR INCCOM0.09%$468,32212.7K
71XLVSELECT SECTOR SPDR TRSBI HEALTHCARE · ENERGY0.08%$447,2334.0K
72FISVFISERV INCCOM0.08%$412,5763.2K
73BIPCBROOKFIELD INFRASTRUCTURE COCOM SUB VTG A0.08%$407,2529.9K
74MRKMERCK & CO INCCOM0.08%$405,0344.8K
75EXMOCEXXON MOBIL CORPCOM0.07%$388,9223.4K
76HPEHEWLETT PACKARD ENTERPRISE CCOM0.07%$382,18015.6K
77YUMYUM BRANDS INCCOM0.07%$381,3682.5K
78DISDISNEY WALT COCOM0.07%$379,6603.3K
79AXPAMERICAN EXPRESS COCOM0.07%$361,0581.1K
80SPDR INDEX SHS FDSS&P GBLINF ETF0.07%$352,2085.1K
81HDHOME DEPOT INCCOM0.06%$336,802831
82IVZINVESCO LTDSHS0.06%$331,30314.4K
83VIGIVANGUARD WHITEHALL FDSINTL DVD ETF0.06%$327,2643.7K
84CLCOLGATE PALMOLIVE COCOM0.06%$325,8354.1K
85KLACKLA CORPCOM NEW0.06%$325,737302
86AMKRAMKOR TECHNOLOGY INCCOM0.06%$316,39611.1K
87LEVILEVI STRAUSS & CO NEWCL A COM STK0.06%$307,89213.2K
88MMACYS INCCOM0.06%$301,45316.8K
89GOOGLALPHABET INCCAP STK CL A0.06%$297,7981.2K
90PDPAGERDUTY INCCOM0.06%$296,65018.0K
91BWABORGWARNER INCCOM0.05%$284,7526.5K
92ADMARCHER DANIELS MIDLAND COCOM0.05%$276,0054.6K
93CFGCITIZENS FINL GROUP INCCOM0.05%$273,8405.2K
94CVECENOVUS ENERGY INCCOM0.05%$273,08016.1K
95WFCWELLS FARGO CO NEWCOM0.05%$272,9183.3K
96KRCKILROY RLTY CORPCOM0.05%$270,5686.4K
97ALVAUTOLIV INCCOM0.05%$269,4222.2K
98OSKOSHKOSH CORPCOM0.05%$267,7102.1K
99NENOBLE CORP PLCORD SHS A0.05%$265,6349.4K
100CRCCALIFORNIA RES CORPCOM STOCK0.05%$265,3345.0K

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 ↗.