Paradigm Capital Management, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Paradigm Capital Management, LLC reported 59 stock positions worth $99.9 million. Its top holding was Vanguard Dividend Apprec ETF (VIG) at 13.1% of the portfolio, followed by JPMorgan Ultra-Short Income (JPST, 10.7%) and Vanguard High DVD Yield ETF (VYM, 8.7%). Compared with Q1 2025, it opened 6 new positions, sold out of 1, added to 25 and reduced 19. The biggest buy was JPMorgan Ultra-Short Income (JPST, shares +15%) and the biggest sale Schwab US DVD Equity ETF (SCHD, shares −20%).
- Most Recent 13F
- Q2 2026
- Location
- RENO, NV
- CIK
- 0001910312
- Portfolio Value
- $99.9M (Q2 2025)
- SEC Filing
- 0001910312-25-000003 ↗ filed Aug 14, 2025
Holdings Value
Holdings 59 stocks · $99.9M
| VIG Vanguard Dividend Apprec ETF | 13.15% | 64,154 | $13.1M | Reduce -5.0% |
| JPST JPMorgan Ultra-Short Income | 10.67% | 210,232 | $10.7M | Add +14.7% |
| VYM Vanguard High DVD Yield ETF | 8.69% | 65,114 | $8.7M | Reduce -5.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 5.72% | 11,760 | $5.7M | Reduce -0.7% |
| SCHD Schwab US DVD Equity ETF | 4.24% | 159,875 | $4.2M | Reduce -20.0% |
| VHT Vanguard Health Care ETF | 3.60% | 14,471 | $3.6M | Reduce -5.9% |
| JPM JPMorgan Chase & Co. | 3.52% | 12,134 | $3.5M | Reduce -0.9% |
| VZ Verizon Communications Inc. | 2.97% | 68,588 | $3.0M | Add +15.4% |
| MSFT Microsoft Corp. | 2.84% | 5,701 | $2.8M | Add +0.9% |
| AAPL Apple Inc. | 2.38% | 11,578 | $2.4M | Reduce -0.8% |
| MRK Merck & Co. Inc. | 2.33% | 29,360 | $2.3M | Add +14.6% |
| GOOG Alphabet Inc. Class C | 2.32% | 13,054 | $2.3M | Reduce -1.4% |
| KMI Kinder Morgan Inc. | 2.28% | 77,502 | $2.3M | Reduce -1.5% |
| CVX Chevron Corp. | 2.05% | 14,280 | $2.0M | Add +7.3% |
| MO Altria Group Inc. | 1.85% | 31,478 | $1.8M | Add +1.6% |
| T AT&T Inc. | 1.76% | 60,677 | $1.8M | Add +2.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.65% | 34,834 | $1.6M | Add +2.2% |
| USB US Bancorp | 1.58% | 34,802 | $1.6M | Add +1.3% |
| XOM Exxon Mobil Corp. | 1.47% | 13,620 | $1.5M | Add +1.8% |
| JNJ Johnson & Johnson | 1.47% | 9,605 | $1.5M | Reduce -3.6% |
| AMGN Amgen Inc. | 1.40% | 5,018 | $1.4M | Add +36.7% |
| SCHG Schwab US Large-Cap Growth | 1.36% | 46,344 | $1.4M | Add +2.8% |
| PM Philip Morris International | 1.28% | 7,019 | $1.3M | Reduce -1.1% |
| V Visa Inc. Class A | 1.22% | 3,443 | $1.2M | Reduce -1.0% |
| GS Goldman Sachs Group Inc. | 1.12% | 1,573 | $1.1M | Reduce -1.6% |
| MET Metlife Inc. | 1.09% | 13,479 | $1.1M | Reduce -1.1% |
| TFC Truist Financial Corp. | 1.05% | 24,345 | $1.0M | Reduce -7.2% |
| OKE Oneok Inc. | 1.03% | 12,600 | $1.0M | Add +317.6% |
| PFE Pfizer Inc. | 0.95% | 39,295 | $953K | Reduce -35.6% |
| MCD McDonald's Corp. | 0.89% | 3,025 | $884K | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.85% | 1,371 | $847K | Reduce -0.9% |
| DUK Duke Energy Corp. | 0.81% | 6,832 | $806K | No change |
| AIG American International Group | 0.77% | 9,001 | $770K | No change |
| META Meta Platforms Inc. Class A | 0.75% | 1,015 | $749K | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.75% | 1,354 | $747K | Add +49.3% |
| COST Costco Wholesale Corp. | 0.62% | 626 | $619K | Add +0.2% |
| VTI VG Morningstar TS MKT ETF-US | 0.56% | 1,848 | $562K | Reduce -2.4% |
| HPQ HP Inc. | 0.46% | 18,950 | $464K | Add +133.9% |
| VTS Vitesse Energy Inc. | 0.46% | 20,985 | $464K | Add +12.2% |
| AMZN Amazon.com Inc. | 0.46% | 2,075 | $455K | No change |
| CB Chubb Ltd. | 0.44% | 1,520 | $440K | Add +3.4% |
| HD Home Depot Inc. | 0.42% | 1,141 | $418K | Add +0.1% |
| PEP Pepsico Inc. | 0.39% | 2,935 | $388K | Add +3.2% |
| CSCO Cisco Systems Inc. | 0.38% | 5,508 | $382K | Add +10.0% |
| LLY Eli Lilly & Co. | 0.37% | 480 | $374K | No change |
| AMAT Applied Materials Inc. | 0.37% | 2,035 | $373K | New |
| NVS Novartis AG-Sponsored ADR | 0.34% | 2,775 | $336K | Add +2.8% |
| SCHW Schwab (charles) Corp. | 0.33% | 3,595 | $328K | Reduce -4.8% |
| WFC Wells Fargo & Co. | 0.31% | 3,914 | $314K | No change |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.31% | 3,199 | $309K | Add +42.8% |
| TSLA Tesla Inc. | 0.27% | 836 | $266K | New |
| RTX RTX Corp. | 0.26% | 1,776 | $259K | Add +6.0% |
| CEF Sprott Physical Gold and Sil | 0.25% | 8,145 | $245K | No change |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.24% | 7,475 | $244K | New |
| IVV iShares Core S&P 500 ETF | 0.21% | 345 | $214K | New |
| UBER Uber Technologies Inc. | 0.21% | 2,215 | $207K | New |
| VXUS Vanguard Total Intl Stock | 0.21% | 3,000 | $207K | New |
| F Ford Motor Co. filed as FORD MTR CO | 0.19% | 17,811 | $193K | Add +3.1% |
| BLE BlackRock Muni Inc. TR II | 0.10% | 10,000 | $100K | No change |
Other holdings (1): bonds, preferreds, convertibles and warrants · $1.3M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 1,104 | $1.3M | Reduce -15.7% |
Total filed on the 13F, all lines: $101.2M.
Portfolio Sells Q1 2025 → Q2 2025
| SCHD Schwab US DVD Equity ETF | Reduce -20.0% | 4.24% | −1.56 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.7% | 5.72% | −0.83 |
| PFE Pfizer Inc. | Reduce -35.6% | 0.95% | −0.65 |
| VHT Vanguard Health Care ETF | Reduce -5.9% | 3.60% | −0.63 |
| VYM Vanguard High DVD Yield ETF | Reduce -5.5% | 8.69% | −0.54 |
| VIG Vanguard Dividend Apprec ETF | Reduce -5.0% | 13.15% | −0.46 |
| AAPL Apple Inc. | Reduce -0.8% | 2.38% | −0.31 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Sold out | 0.00% | −0.28 |
| JNJ Johnson & Johnson | Reduce -3.6% | 1.47% | −0.25 |
| TFC Truist Financial Corp. | Reduce -7.2% | 1.05% | −0.07 |
| MET Metlife Inc. | Reduce -1.1% | 1.09% | −0.05 |
| KMI Kinder Morgan Inc. | Reduce -1.5% | 2.28% | −0.05 |
| V Visa Inc. Class A | Reduce -1.0% | 1.22% | −0.04 |
| SCHW Schwab (charles) Corp. | Reduce -4.8% | 0.33% | +0.02 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -2.4% | 0.56% | +0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.9% | 0.85% | +0.05 |
| PM Philip Morris International | Reduce -1.1% | 1.28% | +0.11 |
| GOOG Alphabet Inc. Class C | Reduce -1.4% | 2.32% | +0.17 |
| GS Goldman Sachs Group Inc. | Reduce -1.6% | 1.12% | +0.21 |
| JPM JPMorgan Chase & Co. | Reduce -0.9% | 3.52% | +0.40 |
Portfolio Buys Q1 2025 → Q2 2025
| JPST JPMorgan Ultra-Short Income | Add +14.7% | 10.67% | +1.03 |
| OKE Oneok Inc. | Add +317.6% | 1.03% | +0.72 |
| MSFT Microsoft Corp. | Add +0.9% | 2.84% | +0.64 |
| AMAT Applied Materials Inc. | New | 0.37% | +0.37 |
| QQQ Invesco QQQ Trust Series 1 | Add +49.3% | 0.75% | +0.31 |
| TSLA Tesla Inc. | New | 0.27% | +0.27 |
| VICI Vici Properties Inc. | New | 0.24% | +0.24 |
| HPQ HP Inc. | Add +133.9% | 0.46% | +0.23 |
| AMGN Amgen Inc. | Add +36.7% | 1.40% | +0.21 |
| IVV iShares Core S&P 500 ETF | New | 0.21% | +0.21 |
| UBER Uber Technologies Inc. | New | 0.21% | +0.21 |
| VXUS Vanguard Total Intl Stock | New | 0.21% | +0.21 |
| SCHG Schwab US Large-Cap Growth | Add +2.8% | 1.36% | +0.18 |
| BAC Bank of America Corp. | Add +2.2% | 1.65% | +0.17 |
| VZ Verizon Communications Inc. | Add +15.4% | 2.97% | +0.17 |
| TROW T Rowe Price Group Inc. | Add +42.8% | 0.31% | +0.10 |
| USB US Bancorp | Add +1.3% | 1.58% | +0.07 |
| CSCO Cisco Systems Inc. | Add +10.0% | 0.38% | +0.06 |
| RTX RTX Corp. | Add +6.0% | 0.26% | +0.03 |
| NVS Novartis AG-Sponsored ADR | Add +2.8% | 0.34% | +0.02 |
| F Ford Motor Co. | Add +3.1% | 0.19% | +0.01 |
| T AT&T Inc. | Add +2.0% | 1.76% | +0.01 |
| COST Costco Wholesale Corp. | Add +0.2% | 0.62% | +0.01 |
| VTS Vitesse Energy Inc. | Add +12.2% | 0.46% | −0.01 |
| HD Home Depot Inc. | Add +0.1% | 0.42% | −0.02 |
| CB Chubb Ltd. | Add +3.4% | 0.44% | −0.02 |
| PEP Pepsico Inc. | Add +3.2% | 0.39% | −0.06 |
| MRK Merck & Co. Inc. | Add +14.6% | 2.33% | −0.06 |
| MO Altria Group Inc. | Add +1.6% | 1.85% | −0.08 |
| XOM Exxon Mobil Corp. | Add +1.8% | 1.47% | −0.18 |
| CVX Chevron Corp. | Add +7.3% | 2.05% | −0.27 |
Notes & Other Activity Q1 2025 → Q2 2025
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Reduce -15.7% | 1,104 | $1.3M |
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 |