Paradigm Capital Management Inc.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Paradigm Capital Management Inc. reported 126 stock positions worth $2.3 billion. Its top holding was Broadcom (AVGO) at 11.6% of the portfolio, followed by Modine Manufacturing (MOD, 9.2%) and Fabrinet (FN, 8.4%). Compared with Q2 2025, it opened 8 new positions, sold out of 4, added to 18 and reduced 33. The biggest buy was a new position in Dentsply Sirona (XRAY) and the biggest sale Ducommun (DCO, shares −23%).

Most Recent 13F
Q2 2026
Location
ALBANY, NY
CIK
0001037792
Portfolio Value
$2.3B (Q3 2025)
SEC Filing
0001037792-25-000014 ↗ filed Nov 14, 2025

Holdings Value

0$1.0B$2.0B$3.0B$4.0B Q1 2024: $2.1B Q1 2024 Q2 2024: $2.2B Q2 2024 Q3 2024: $2.3B Q3 2024 Q4 2024: $2.2B Q4 2024 Q1 2025: $1.8B Q1 2025 Q2 2025: $2.1B Q2 2025 Q3 2025: $2.3B $2.3B Q3 2025 Q4 2025: $2.4B Q4 2025 Q1 2026: $2.6B Q1 2026 Q2 2026: $3.7B Q2 2026

Holdings 126 stocks · $2.3B
AVGO Broadcom Inc. 11.57% 809,000 $266.9M No change
MOD Modine Manufacturing Co. 9.22% 1,496,300 $212.7M Reduce -8.4%
FN Fabrinet 8.39% 530,500 $193.4M Reduce -0.2%
ONTO Onto Innovation Inc. 6.23% 1,112,839 $143.8M No change
JBL Jabil Inc. 5.25% 557,900 $121.2M No change
EXTR Extreme Networks Inc. 4.42% 4,932,500 $101.9M Reduce -1.0%
DCO Ducommun Inc. 3.21% 770,500 $74.1M Reduce -22.8%
VECO Veeco Instruments Inc. 3.11% 2,359,900 $71.8M Reduce -2.1%
NSIT Insight Enterprises Inc. 2.93% 596,700 $67.7M Add +0.6%
ENSG The Ensign Group Inc. 2.58% 344,100 $59.5M No change
GMED Globus Medical Inc. Class A 2.35% 946,800 $54.2M Add +0.5%
ENS Enersys 2.28% 465,800 $52.6M Reduce -2.1%
OFIX Orthofix Medical Inc. 2.12% 3,344,500 $49.0M Add +0.1%
ENTG Entegris Inc. 2.11% 527,600 $48.8M Reduce -2.8%
NVRI Enviri Corp. 2.09% 3,793,300 $48.1M Reduce -14.2%
CALX Calix Inc. 1.79% 672,400 $41.3M Reduce -30.3%
ENOV Enovis Corp. 1.58% 1,204,876 $36.6M Add +8.2%
IART Integra Lifesciences Holding 1.57% 2,529,800 $36.3M Add +16.0%
PNTG The Pennant Group Inc. 1.56% 1,424,800 $35.9M Add +49.8%
RBBN Ribbon Communications Inc. 1.44% 8,749,200 $33.2M Add +0.0%
CNXC Concentrix Corp. 1.23% 616,842 $28.5M Reduce -12.6%
QDEL Quidelortho Corp. 1.20% 939,502 $27.7M Add +25.9%
CRNC Cerence Inc. 1.10% 2,041,292 $25.4M Reduce -20.2%
TCMD Tactile Systems Technology I 0.92% 1,538,400 $21.3M Reduce -5.0%
KTOS Kratos Defense & Security 0.85% 215,500 $19.7M Reduce -18.1%
PENG Penguin Solutions Inc. 0.82% 716,051 $18.8M Reduce -37.9%
MDXG Mimedx Group Inc. 0.80% 2,651,200 $18.5M Reduce -40.5%
UCTT Ultra Clean Holdings Inc. 0.78% 658,200 $17.9M Reduce -7.1%
JILL J. Jill Inc. 0.76% 1,027,300 $17.6M Reduce -2.8%
COHU Cohu Inc. 0.72% 814,899 $16.6M Add +5.2%
EME Emcor Group Inc. 0.66% 23,375 $15.2M Reduce -25.5%
NTRA Natera Inc. 0.63% 90,400 $14.6M Reduce -9.4%
SNX TD Synnex Corp. 0.58% 81,274 $13.3M No change
XRX Xerox Holdings Corp. 0.57% 3,491,200 $13.1M Add +92.9%
ACH Accendra Health Inc. filed as OWENS & MINOR INC NEW 0.54% 2,611,600 $12.5M Add +32.0%
XRAY Dentsply Sirona Inc. 0.52% 942,251 $12.0M New
ZUMZ Zumiez Inc. 0.49% 578,200 $11.3M Reduce -24.8%
BLDR Builders Firstsource Inc. 0.45% 85,750 $10.4M No change
KAI Kadant Inc. 0.39% 30,100 $9.0M Reduce -4.4%
CAL Caleres Inc. 0.37% 655,444 $8.5M Reduce -25.3%
FSS Federal Signal Corp. 0.36% 70,000 $8.3M No change
SIBN Si-Bone Inc. 0.36% 563,531 $8.3M Reduce -16.0%
PTC PTC Inc. 0.35% 40,000 $8.1M No change
MBC Masterbrand Inc. 0.33% 580,000 $7.6M New
ANGO Angiodynamics Inc. 0.33% 678,200 $7.6M New
ATEN A10 Networks Inc. 0.32% 407,000 $7.4M Reduce -1.5%
PACS Pacs Group Inc. 0.32% 532,200 $7.3M Add +166.1%
KLIC Kulicke & Soffa Industries 0.30% 171,325 $7.0M No change
TER Teradyne Inc. 0.29% 48,650 $6.7M No change
FORM Formfactor Inc. 0.28% 177,900 $6.5M Reduce -30.4%
WCC Wesco International Inc. 0.28% 30,000 $6.3M No change
ADUS Addus Homecare Corp. 0.27% 52,270 $6.2M No change
MRVL Marvell Technology Inc. 0.26% 71,600 $6.0M Reduce -8.1%
NNBR NN Inc. 0.26% 2,858,262 $5.9M Add +3.6%
ARLO Arlo Technologies Inc. 0.25% 336,800 $5.7M No change
ACLS Axcelis Technologies Inc. 0.24% 56,100 $5.5M Reduce -36.3%
LITE Lumentum Holdings Inc. 0.24% 33,600 $5.5M No change
JNJ Johnson & Johnson 0.22% 27,200 $5.0M No change
SXT Sensient Technologies Corp. 0.21% 51,475 $4.8M No change
ZWS Zurn Elkay Water Solutions C 0.21% 102,300 $4.8M No change
GRMN Garmin Ltd. 0.20% 19,075 $4.7M No change
ATRC Atricure Inc. 0.19% 123,100 $4.3M No change
RDNT Radnet Inc. 0.18% 54,700 $4.2M Add +10.3%
CRS Carpenter Technology 0.17% 15,600 $3.8M No change
RVTY Revvity Inc. 0.15% 38,450 $3.4M No change
KIDS Orthopediatrics Corp. 0.15% 181,000 $3.4M Add +6.0%
BCC Boise Cascade Co. 0.15% 43,375 $3.4M No change
ITGR Integer Holdings Corp. 0.14% 32,200 $3.3M Add +45.7%
BBY Best Buy Co. Inc. 0.14% 41,900 $3.2M No change
KFRC Kforce Inc. 0.14% 105,125 $3.2M No change
MAA Mid-America Apartment Comm 0.13% 21,615 $3.0M No change
TTMI TTM Technologies 0.11% 43,500 $2.5M No change
TBRG Trubridge Inc. 0.11% 122,856 $2.5M New
TTEC Ttec Holdings Inc. filed as TTEC HLDGS INC 0.11% 734,100 $2.5M Add +267.1%
QRVO Qorvo Inc. 0.10% 25,880 $2.4M No change
P Everpure Inc. Class A filed as PURE STORAGE INC 0.10% 27,000 $2.3M No change
MXL Maxlinear Inc. 0.09% 126,125 $2.0M Reduce -50.8%
PRGS Progress Software Corp. 0.09% 45,300 $2.0M No change
ACVA Acv Auctions Inc. Class A 0.09% 200,000 $2.0M New
RRX Regal Rexnord Corp. 0.08% 12,200 $1.7M No change
GEN Gen Digital Inc. 0.07% 60,000 $1.7M No change
ADTN Adtran Holdings Inc. 0.07% 180,000 $1.7M Add +50.0%
TMCI Treace Medical Concepts Inc. 0.07% 250,000 $1.7M Reduce -6.8%
MASI Masimo Corp. 0.07% 11,353 $1.7M No change
MYRG MYR Group Inc./Delaware 0.07% 8,000 $1.7M No change
SW Smurfit Westrock PLC 0.07% 38,180 $1.6M Reduce -61.1%
CCRN Cross Country Healthcare Inc. 0.07% 107,700 $1.5M No change
ATI Ati Inc. 0.06% 18,000 $1.5M No change
AEO American Eagle Outfitters 0.06% 84,775 $1.5M Reduce -42.2%
CL Colgate-Palmolive Co. 0.06% 17,700 $1.4M No change
FRME First Merchants Corp. 0.05% 32,000 $1.2M No change
AZTA Azenta Inc. 0.05% 40,900 $1.2M No change
GATX Gatx Corp. 0.05% 6,550 $1.1M No change
AVNW Aviat Networks Inc. 0.05% 47,100 $1.1M No change
KELYA Kelly Services Inc. Class A 0.04% 77,625 $1.0M No change
SWKS Skyworks Solutions Inc. 0.04% 12,300 $947K No change
AFG American Financial Group Inc. 0.04% 6,450 $940K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.04% 2,900 $818K No change
RNST Renasant Corp. 0.04% 22,000 $812K No change
HALO Halozyme Therapeutics Inc. 0.03% 10,000 $733K No change
ABT Abbott Laboratories 0.03% 5,400 $723K No change
HOFT Hooker Furnishings Corp. 0.03% 69,204 $702K Reduce -42.3%
PRIM Primoris Services Corp. 0.03% 5,000 $687K No change
HI Hillenbrand Inc. 0.03% 23,300 $630K No change
CNDT Conduent Inc. 0.02% 200,000 $560K No change
CI The Cigna Group 0.02% 1,800 $519K No change
THRM Gentherm Inc. 0.02% 15,000 $511K No change
CMBMF Cambium Networks Corp. 0.02% 466,900 $418K No change
AMAT Applied Materials Inc. 0.02% 2,000 $409K No change
BANR Banner Corporation 0.02% 6,000 $393K No change
PG The Procter & Gamble Co. 0.02% 2,500 $384K No change
FNF Fidelity National Financial 0.02% 5,900 $357K No change
CNC Centene Corp. 0.02% 10,000 $357K New
NBHC National Bank Hold Class A 0.02% 9,000 $348K No change
EW Edwards Lifesciences Corp. 0.01% 4,400 $342K No change
NVMI Nova Ltd. 0.01% 1,000 $320K No change
ZD Ziff Davis Inc. 0.01% 8,350 $318K No change
TELA Tela Bio Inc. 0.01% 200,000 $298K No change
NEOG Neogen Corp. 0.01% 52,000 $297K No change
ICHR Ichor Holdings Ltd. 0.01% 16,600 $291K Reduce -36.1%
PFE Pfizer Inc. 0.01% 11,400 $290K No change
CCSI Consensus Cloud Solution 0.01% 8,266 $243K New
BMY Bristol-Myers Squibb Co. 0.01% 5,100 $230K No change
PEP Pepsico Inc. 0.01% 1,500 $211K New
LAKE Lakeland Industries Inc. 0.01% 10,000 $148K No change
CDXS Codexis Inc. 0.01% 50,000 $122K No change

Portfolio Sells Q2 2025 → Q3 2025
DCO Ducommun Inc. Reduce -22.8% 3.21% −0.81
CALX Calix Inc. Reduce -30.3% 1.79% −0.71
CNXC Concentrix Corp. Reduce -12.6% 1.23% −0.58
MDXG Mimedx Group Inc. Reduce -40.5% 0.80% −0.52
PENG Penguin Solutions Inc. Reduce -37.9% 0.82% −0.30
NATR Natures Sunshine Prods Inc. Sold out 0.00% −0.28
SIBN Si-Bone Inc. Reduce -16.0% 0.36% −0.26
NTRA Natera Inc. Reduce -9.4% 0.63% −0.19
CRNC Cerence Inc. Reduce -20.2% 1.10% −0.17
EME Emcor Group Inc. Reduce -25.5% 0.66% −0.16
CAL Caleres Inc. Reduce -25.3% 0.37% −0.15
FORM Formfactor Inc. Reduce -30.4% 0.28% −0.15
SW Smurfit Westrock PLC Reduce -61.1% 0.07% −0.14
KAI Kadant Inc. Reduce -4.4% 0.39% −0.10
MXL Maxlinear Inc. Reduce -50.8% 0.09% −0.09
ATEN A10 Networks Inc. Reduce -1.5% 0.32% −0.07
ACLS Axcelis Technologies Inc. Reduce -36.3% 0.24% −0.06
AMWD American Woodmark Corp. Sold out 0.00% −0.05
MRVL Marvell Technology Inc. Reduce -8.1% 0.26% −0.03
HOFT Hooker Furnishings Corp. Reduce -42.3% 0.03% −0.03
ENTG Entegris Inc. Reduce -2.8% 2.11% −0.02
ICHR Ichor Holdings Ltd. Reduce -36.1% 0.01% −0.01
HROW Harrow Inc. Sold out 0.00% −0.01
AEO American Eagle Outfitters Reduce -42.2% 0.06% −0.01
ZUMZ Zumiez Inc. Reduce -24.8% 0.49% −0.01
TMCI Treace Medical Concepts Inc. Reduce -6.8% 0.07% −0.00
UCTT Ultra Clean Holdings Inc. Reduce -7.1% 0.78% −0.00
LAB Standard Biotools Inc. Sold out 0.00% −0.00
JILL J. Jill Inc. Reduce -2.8% 0.76% +0.01
EXTR Extreme Networks Inc. Reduce -1.0% 4.42% +0.06
TCMD Tactile Systems Technology I Reduce -5.0% 0.92% +0.12
NVRI Enviri Corp. Reduce -14.2% 2.09% +0.22
KTOS Kratos Defense & Security Reduce -18.1% 0.85% +0.26
ENS Enersys Reduce -2.1% 2.28% +0.29
VECO Veeco Instruments Inc. Reduce -2.1% 3.11% +0.73
FN Fabrinet Reduce -0.2% 8.39% +0.75
MOD Modine Manufacturing Co. Reduce -8.4% 9.22% +1.38

Portfolio Buys Q2 2025 → Q3 2025
XRAY Dentsply Sirona Inc. New 0.52% +0.52
MBC Masterbrand Inc. New 0.33% +0.33
ANGO Angiodynamics Inc. New 0.33% +0.33
OFIX Orthofix Medical Inc. Add +0.1% 2.12% +0.31
IART Integra Lifesciences Holding Add +16.0% 1.57% +0.27
PACS Pacs Group Inc. Add +166.1% 0.32% +0.19
PNTG The Pennant Group Inc. Add +49.8% 1.56% +0.17
QDEL Quidelortho Corp. Add +25.9% 1.20% +0.15
TBRG Trubridge Inc. New 0.11% +0.11
XRX Xerox Holdings Corp. Add +92.9% 0.57% +0.10
ACVA Acv Auctions Inc. Class A New 0.09% +0.09
TTEC Ttec Holdings Inc. Add +267.1% 0.11% +0.06
RDNT Radnet Inc. Add +10.3% 0.18% +0.04
ADTN Adtran Holdings Inc. Add +50.0% 0.07% +0.02
CNC Centene Corp. New 0.02% +0.02
ITGR Integer Holdings Corp. Add +45.7% 0.14% +0.01
CCSI Consensus Cloud Solution New 0.01% +0.01
PEP Pepsico Inc. New 0.01% +0.01
COHU Cohu Inc. Add +5.2% 0.72% −0.01
NNBR NN Inc. Add +3.6% 0.26% −0.03
KIDS Orthopediatrics Corp. Add +6.0% 0.15% −0.03
ENOV Enovis Corp. Add +8.2% 1.58% −0.12
RBBN Ribbon Communications Inc. Add +0.0% 1.44% −0.27
ACH Accendra Health Inc. Add +32.0% 0.54% −0.33
GMED Globus Medical Inc. Class A Add +0.5% 2.35% −0.36
NSIT Insight Enterprises Inc. Add +0.6% 2.93% −1.06

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 115$3.7BONTO, MOD, AVGO, FN, JBL
Q1 2026 112$2.6BMOD, FN, AVGO, ONTO, JBL
Q4 2025 116$2.4BAVGO, FN, MOD, ONTO, JBL
Q3 2025 126$2.3BAVGO, MOD, FN, ONTO, JBL
Q2 2025 122$2.1BAVGO, MOD, FN, JBL, ONTO
Q1 2025 127$1.8BAVGO, ONTO, MOD, FN, NSIT
Q4 2024 128$2.2BMOD, AVGO, ONTO, FN, NSIT
Q3 2024 129$2.3BONTO, MOD, AVGO, NSIT, FN
Q2 2024 129$2.2BONTO, MOD, FN, AVGO, NSIT
Q1 2024 131$2.1BONTO, MOD, NSIT, AVGO, FN