Managers / Q2 2025 · view latest →
Paragon Advisors, LLC
CIK 0001799719 · 215 ROCK PRAIRIE RD., COLLEGE STATION, TX, 77845 · 9796933907
Reported Value
$383M
Q2 2025
Positions
81
Filings on Record
26
2019–present window
Filed
Jul 30, 2025
original filing
Summary
Paragon Advisors, LLC reported $383M in U.S.-listed holdings across 81 positions for Q2 2025.
Its largest position, First Tr Exchange Traded Fd, represents 16.7% of the portfolio.
Compared with Q1 2025, the fund opened 8 new positions and exited 12.
Portfolio Metrics
Turnover
+15.7%
vs prior filed quarter
Top-10 Concentration
+54.3%
share of reported value
Largest Position
+16.7%
First Tr Exchange Traded Fd
New / Exited
8 / 12
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. 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
Portfolio Composition
By security type
- ETP · 56.4% · $216M
- Common Stock · 36.5% · $140M
- ADR · 4.2% · $16M
- Other · 2.3% · $9M
- MLP · 0.6% · $2M
Quarter-over-Quarter Changes full breakdown →
vs Q1 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| FIRST TR EXCHANGE-TRADED FD | NEW | +1.07M | 1.07M | +$64M | $64M |
| ANETARISTA NETWORKS INC | NEW | +47.0K | 47.0K | +$5M | $5M |
| ISHARES TR | NEW | +38.0K | 38.0K | +$4M | $4M |
| AURAURORA INNOVATION INC | NEW | +264.1K | 264.1K | +$1M | $1M |
| URIUNITED RENTALS INC | NEW | +453 | 453 | +$340,994 | $340,994 |
| NETCLOUDFLARE INC | NEW | +1.3K | 1.3K | +$262,804 | $262,804 |
| NDQINVESCO QQQ TR | NEW | +373 | 373 | +$205,798 | $205,798 |
| AMERICAN CENTY ETF TR | NEW | +3.1K | 3.1K | +$203,986 | $203,986 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2025
45 positions
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | FIRST TR EXCHANGE-TRADED FD | FIRST TR ENH NEW | 16.66% | $64M | 1.07M |
| 2 | PROSHARES TR | ULTRAPRO QQQ | 9.05% | $35M | 417.7K |
| 3 | IBITISHARES BITCOIN TRUST ETFhistory → | SHS BEN INT | 7.54% | $29M | 471.8K |
| 4 | TSMTAIWAN SEMICONDUCTOR MFG LTDhistory → | SPONSORED ADS | 4.23% | $16M | 71.5K |
| 5 | NVDANVIDIA CORPORATIONhistory → | COM | 3.91% | $15M | 94.8K |
| 6 | JANUS DETROIT STR TR | HENDRSON AAA CL · B-BBB CLO ETF | 3.55% | $14M | 272.5K |
| 7 | ISHARES TR | EXPND TEC SC ETF · BROAD USD HIGH · JPMORGAN USD EMG · CORE INTL AGGR | 3.55% | $14M | 215.0K |
| 8 | J P MORGAN EXCHANGE TRADED F | ULTRA SHRT ETF | 3.35% | $13M | 253.3K |
| 9 | MSFTMICROSOFT CORPhistory → | COM | 2.55% | $10M | 19.6K |
| 10 | GOOGLALPHABET INChistory → | CAP STK CL A | 2.42% | $9M | 52.6K |
| 11 | AVGOBROADCOM INChistory → | COM | 2.20% | $8M | 30.6K |
| 12 | METAMETA PLATFORMS INChistory → | CL A | 2.15% | $8M | 11.1K |
| 13 | VANECK ETF TRUST | MRNGSTR WDE MOAT · SEMICONDUCTR ETF | 2.04% | $8M | 62.5K |
| 14 | NOWSERVICENOW INChistory → | COM | 1.98% | $8M | 7.4K |
| 15 | AMZNAMAZON COM INChistory → | COM | 1.96% | $8M | 34.3K |
| 16 | AMERICAN CENTY ETF TR | AVANTIS ALL EQT | 1.84% | $7M | 90.9K |
| 17 | ASML HOLDING N V | N Y REGISTRY SHS | 1.57% | $6M | 7.5K |
| 18 | CRWDCROWDSTRIKE HLDGS INChistory → | CL A | 1.52% | $6M | 11.4K |
| 19 | SPDR S&P 500 ETF TR | TR UNIT | 1.50% | $6M | 9.3K |
| 20 | LLYELI LILLY & COhistory → | COM | 1.31% | $5M | 6.4K |
| 21 | CGGOUSDCAPITAL GROUP GBL GROWTH EQThistory → | SHS CREATION UNI | 1.29% | $5M | 153.9K |
| 22 | T ROWE PRICE ETF INC | CAP APPRECIATION | 1.28% | $5M | 139.5K |
| 23 | ANETARISTA NETWORKS INChistory → | COM SHS | 1.26% | $5M | 47.0K |
| 24 | LNGCHENIERE ENERGY INChistory → | COM NEW | 1.18% | $5M | 18.6K |
| 25 | AAPLAPPLE INChistory → | COM | 1.14% | $4M | 21.3K |
| 26 | PLTRPALANTIR TECHNOLOGIES INChistory → | CL A | 1.02% | $4M | 28.8K |
| 27 | PGRPROGRESSIVE CORPhistory → | COM | 1.01% | $4M | 14.5K |
| 28 | PIMCO ETF TR | 25YR+ ZERO U S | 0.96% | $4M | 54.6K |
| 29 | MPWRMONOLITHIC PWR SYS INC | COM | 0.88% | $3M | 4.6K |
| 30 | VEEVVEEVA SYS INC | CL A COM | 0.86% | $3M | 11.4K |
| 31 | MLB1MERCADOLIBRE INC | COM | 0.83% | $3M | 1.2K |
| 32 | ARESARES MANAGEMENT CORPORATION | CL A COM STK | 0.81% | $3M | 18.0K |
| 33 | FIDELITY MERRIMACK STR TR | TOTAL BD ETF | 0.81% | $3M | 67.4K |
| 34 | T7DTRANSDIGM GROUP INC | COM | 0.78% | $3M | 2.0K |
| 35 | TSLATESLA INC | COM | 0.75% | $3M | 9.1K |
| 36 | FERRARI N V | COM | 0.74% | $3M | 5.8K |
| 37 | CITCINTAS CORP | COM | 0.73% | $3M | 12.6K |
| 38 | CDNSCADENCE DESIGN SYSTEM INC | COM | 0.72% | $3M | 9.0K |
| 39 | EPDENTERPRISE PRODS PARTNERS L | COM | 0.60% | $2M | 74.3K |
| 40 | COSTCOSTCO WHSL CORP NEW | COM | 0.58% | $2M | 2.2K |
| 41 | PACER FDS TR | US CASH COWS 100 | 0.57% | $2M | 39.7K |
| 42 | WINGWINGSTOP INC | COM | 0.48% | $2M | 5.5K |
| 43 | ODFLOLD DOMINION FREIGHT LINE IN | COM | 0.48% | $2M | 11.3K |
| 44 | UNHUNITEDHEALTH GROUP INC | COM | 0.47% | $2M | 5.7K |
| 45 | BRK/BBERKSHIRE HATHAWAY INC DEL | CL B NEW | 0.46% | $2M | 3.6K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $371M | 76 | May 4, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $368M | 81 | Jan 12, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $387M | 77 | Nov 3, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $383M | 81 | Jul 30, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $264M | 85 | Apr 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $292M | 81 | Jan 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $308M | 77 | Nov 6, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $274M | 72 | Aug 13, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $248M | 76 | Apr 29, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | Under review | 97 | Feb 6, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $242,026 | 113 | Nov 6, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $308,155 | 107 | Jul 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $297,106 | 88 | May 5, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | Under review | 71 | Jan 30, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $196M | 56 | Nov 1, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $201M | 61 | Jul 22, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $239M | 73 | Apr 29, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $204M | 66 | Feb 3, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $206M | 64 | Oct 8, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $213M | 67 | Jul 9, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $183M | 79 | Apr 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $186M | 84 | Jan 26, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $150M | 84 | Oct 30, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $124M | 83 | Jul 7, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $75M | 68 | Apr 8, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $93M | 61 | Jan 14, 2020 | 13F-HR | changes · 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 ↗.