Paradigm Capital Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Paradigm Capital Management, LLC reported 54 stock positions worth $96.3 million. Its top holding was Vanguard Dividend Apprec ETF (VIG) at 13.6% of the portfolio, followed by JPMorgan Ultra-Short Income (JPST, 9.6%) and Vanguard High DVD Yield ETF (VYM, 9.2%). Compared with Q4 2024, it opened 3 new positions, sold out of 5, added to 11 and reduced 33. The biggest buy was JPMorgan Ultra-Short Income (JPST, shares +7%) and the biggest sale Schwab Fndmntl US LRG Co. ETF (FNDX, shares −88%).
- Most Recent 13F
- Q2 2026
- Location
- RENO, NV
- CIK
- 0001910312
- Portfolio Value
- $96.3M (Q1 2025)
- SEC Filing
- 0001910312-25-000002 ↗ filed May 14, 2025
Holdings Value
Holdings 54 stocks · $96.3M
| VIG Vanguard Dividend Apprec ETF | 13.61% | 67,523 | $13.1M | Reduce -7.9% |
| JPST JPMorgan Ultra-Short Income | 9.64% | 183,230 | $9.3M | Add +7.3% |
| VYM Vanguard High DVD Yield ETF | 9.24% | 68,943 | $8.9M | Reduce -10.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 6.55% | 11,843 | $6.3M | Reduce -12.7% |
| SCHD Schwab US DVD Equity ETF | 5.81% | 199,878 | $5.6M | Reduce -13.9% |
| VHT Vanguard Health Care ETF | 4.23% | 15,374 | $4.1M | Reduce -11.8% |
| JPM JPMorgan Chase & Co. | 3.12% | 12,249 | $3.0M | Reduce -14.4% |
| VZ Verizon Communications Inc. | 2.80% | 59,452 | $2.7M | Add +5.0% |
| AAPL Apple Inc. | 2.69% | 11,667 | $2.6M | Reduce -6.1% |
| MRK Merck & Co. Inc. | 2.39% | 25,620 | $2.3M | Add +6.0% |
| KMI Kinder Morgan Inc. | 2.33% | 78,701 | $2.2M | Reduce -4.1% |
| CVX Chevron Corp. | 2.31% | 13,315 | $2.2M | Reduce -4.3% |
| MSFT Microsoft Corp. | 2.20% | 5,651 | $2.1M | Reduce -6.9% |
| GOOG Alphabet Inc. Class C | 2.15% | 13,238 | $2.1M | Reduce -11.2% |
| MO Altria Group Inc. | 1.93% | 30,978 | $1.9M | Add +4.2% |
| T AT&T Inc. | 1.75% | 59,502 | $1.7M | Add +3.3% |
| JNJ Johnson & Johnson | 1.72% | 9,965 | $1.7M | Reduce -5.6% |
| XOM Exxon Mobil Corp. | 1.65% | 13,374 | $1.6M | Reduce -6.1% |
| PFE Pfizer Inc. | 1.60% | 60,981 | $1.5M | Reduce -29.2% |
| USB US Bancorp | 1.51% | 34,348 | $1.4M | Reduce -15.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.48% | 34,083 | $1.4M | Reduce -5.3% |
| V Visa Inc. Class A | 1.27% | 3,478 | $1.2M | Reduce -7.5% |
| AMGN Amgen Inc. | 1.19% | 3,670 | $1.1M | Add +2.7% |
| SCHG Schwab US Large-Cap Growth | 1.17% | 45,088 | $1.1M | Reduce -5.2% |
| PM Philip Morris International | 1.17% | 7,094 | $1.1M | Reduce -5.2% |
| MET Metlife Inc. | 1.14% | 13,627 | $1.1M | Reduce -8.2% |
| TFC Truist Financial Corp. | 1.12% | 26,220 | $1.1M | Reduce -13.3% |
| MCD McDonald's Corp. | 0.98% | 3,025 | $945K | Reduce -1.6% |
| GS Goldman Sachs Group Inc. | 0.91% | 1,598 | $873K | Reduce -11.9% |
| DUK Duke Energy Corp. | 0.87% | 6,832 | $833K | Add +0.5% |
| AIG American International Group | 0.81% | 9,001 | $783K | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.80% | 1,383 | $773K | Reduce -40.3% |
| COST Costco Wholesale Corp. | 0.61% | 625 | $591K | No change |
| META Meta Platforms Inc. Class A | 0.61% | 1,015 | $585K | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.54% | 1,893 | $520K | Reduce -14.0% |
| VTS Vitesse Energy Inc. | 0.48% | 18,700 | $460K | Add +9.8% |
| CB Chubb Ltd. | 0.46% | 1,470 | $444K | Add +5.8% |
| PEP Pepsico Inc. | 0.44% | 2,845 | $427K | Reduce -4.4% |
| QQQ Invesco QQQ Trust Series 1 | 0.44% | 907 | $425K | Reduce -29.0% |
| HD Home Depot Inc. | 0.43% | 1,140 | $418K | Reduce -2.1% |
| LLY Eli Lilly & Co. | 0.41% | 480 | $396K | No change |
| AMZN Amazon.com Inc. | 0.41% | 2,075 | $395K | No change |
| CSCO Cisco Systems Inc. | 0.32% | 5,006 | $309K | Add +1.0% |
| NVS Novartis AG-Sponsored ADR | 0.31% | 2,700 | $301K | Reduce -8.3% |
| OKE Oneok Inc. | 0.31% | 3,017 | $299K | Add +0.0% |
| SCHW Schwab (charles) Corp. | 0.31% | 3,775 | $296K | Reduce -52.1% |
| WFC Wells Fargo & Co. | 0.29% | 3,914 | $281K | No change |
| FNDX Schwab Fndmntl US LRG Co. ETF | 0.28% | 11,595 | $274K | Reduce -87.8% |
| CEF Sprott Physical Gold and Sil | 0.24% | 8,145 | $231K | Reduce -13.3% |
| HPQ HP Inc. | 0.23% | 8,100 | $224K | New |
| RTX RTX Corp. | 0.23% | 1,676 | $222K | New |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.21% | 2,240 | $206K | New |
| F Ford Motor Co. filed as FORD MTR CO | 0.18% | 17,281 | $173K | Reduce -59.2% |
| BLE BlackRock Muni Inc. TR II | 0.11% | 10,000 | $104K | No change |
Other holdings (1): bonds, preferreds, convertibles and warrants · $1.6M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 1,309 | $1.6M | Add +5.7% |
Total filed on the 13F, all lines: $97.8M.
Portfolio Sells Q4 2024 → Q1 2025
| FNDX Schwab Fndmntl US LRG Co. ETF | Reduce -87.8% | 0.28% | −1.84 |
| XLE SS Energy Select Sector | Sold out | 0.00% | −0.58 |
| PFE Pfizer Inc. | Reduce -29.2% | 1.60% | −0.56 |
| GOOG Alphabet Inc. Class C | Reduce -11.2% | 2.15% | −0.54 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -40.3% | 0.80% | −0.48 |
| VTRS Viatris Inc. | Sold out | 0.00% | −0.44 |
| DIA SS SPDR Dow Jones Indus Avg | Sold out | 0.00% | −0.37 |
| USB US Bancorp | Reduce -15.7% | 1.51% | −0.34 |
| TSLA Tesla Inc. | Sold out | 0.00% | −0.29 |
| AAPL Apple Inc. | Reduce -6.1% | 2.69% | −0.26 |
| SCHW Schwab (charles) Corp. | Reduce -52.1% | 0.31% | −0.24 |
| MSFT Microsoft Corp. | Reduce -6.9% | 2.20% | −0.22 |
| F Ford Motor Co. | Reduce -59.2% | 0.18% | −0.22 |
| SCHD Schwab US DVD Equity ETF | Reduce -13.9% | 5.81% | −0.21 |
| VXUS Vanguard Total Intl Stock | Sold out | 0.00% | −0.20 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -29.0% | 0.44% | −0.18 |
| JPM JPMorgan Chase & Co. | Reduce -14.4% | 3.12% | −0.13 |
| TFC Truist Financial Corp. | Reduce -13.3% | 1.12% | −0.12 |
| SCHG Schwab US Large-Cap Growth | Reduce -5.2% | 1.17% | −0.08 |
| GS Goldman Sachs Group Inc. | Reduce -11.9% | 0.91% | −0.08 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -14.0% | 0.54% | −0.06 |
| VYM Vanguard High DVD Yield ETF | Reduce -10.0% | 9.24% | −0.03 |
| BAC Bank of America Corp. | Reduce -5.3% | 1.48% | −0.02 |
| MET Metlife Inc. | Reduce -8.2% | 1.14% | −0.02 |
| VIG Vanguard Dividend Apprec ETF | Reduce -7.9% | 13.61% | −0.00 |
| HD Home Depot Inc. | Reduce -2.1% | 0.43% | +0.00 |
| PEP Pepsico Inc. | Reduce -4.4% | 0.44% | +0.02 |
| CEF Sprott Physical Gold and Sil | Reduce -13.3% | 0.24% | +0.03 |
| VHT Vanguard Health Care ETF | Reduce -11.8% | 4.23% | +0.04 |
| NVS Novartis AG-Sponsored ADR | Reduce -8.3% | 0.31% | +0.04 |
| MCD McDonald's Corp. | Reduce -1.6% | 0.98% | +0.14 |
| V Visa Inc. Class A | Reduce -7.5% | 1.27% | +0.14 |
| KMI Kinder Morgan Inc. | Reduce -4.1% | 2.33% | +0.20 |
| XOM Exxon Mobil Corp. | Reduce -6.1% | 1.65% | +0.20 |
| JNJ Johnson & Johnson | Reduce -5.6% | 1.72% | +0.27 |
| PM Philip Morris International | Reduce -5.2% | 1.17% | +0.32 |
| CVX Chevron Corp. | Reduce -4.3% | 2.31% | +0.40 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -12.7% | 6.55% | +0.72 |
Portfolio Buys Q4 2024 → Q1 2025
| JPST JPMorgan Ultra-Short Income | Add +7.3% | 9.64% | +1.48 |
| VZ Verizon Communications Inc. | Add +5.0% | 2.80% | +0.66 |
| T AT&T Inc. | Add +3.3% | 1.75% | +0.50 |
| MO Altria Group Inc. | Add +4.2% | 1.93% | +0.46 |
| AMGN Amgen Inc. | Add +2.7% | 1.19% | +0.31 |
| HPQ HP Inc. | New | 0.23% | +0.23 |
| RTX RTX Corp. | New | 0.23% | +0.23 |
| TROW T Rowe Price Group Inc. | New | 0.21% | +0.21 |
| DUK Duke Energy Corp. | Add +0.5% | 0.87% | +0.17 |
| MRK Merck & Co. Inc. | Add +6.0% | 2.39% | +0.11 |
| CB Chubb Ltd. | Add +5.8% | 0.46% | +0.10 |
| VTS Vitesse Energy Inc. | Add +9.8% | 0.48% | +0.07 |
| CSCO Cisco Systems Inc. | Add +1.0% | 0.32% | +0.04 |
| OKE Oneok Inc. | Add +0.0% | 0.31% | +0.02 |
Notes & Other Activity Q4 2024 → Q1 2025
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +5.7% | 1,309 | $1.6M |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 64 | $115.1M | VIG, JPST, VYM, SCHD, VHT |
| Q1 2026 | 58 | $108.0M | JPST, VIG, VYM, SCHD, BRK.B |
| Q4 2025 | 62 | $106.4M | VIG, JPST, VYM, BRK.B, VHT |
| Q3 2025 | 59 | $99.7M | VIG, JPST, VYM, BRK.B, SCHD |
| Q2 2025 | 59 | $99.9M | VIG, JPST, VYM, BRK.B, SCHD |
| Q1 2025 | 54 | $96.3M | VIG, JPST, VYM, BRK.B, SCHD |
| Q4 2024 | 56 | $105.5M | VIG, VYM, JPST, SCHD, BRK.B |
| Q3 2024 | 57 | $103.4M | VIG, VYM, JPST, SCHD, BRK.B |