Paradigm Capital Management, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 6, 2026), Paradigm Capital Management, LLC reported 62 stock positions worth $106.4 million. Its top holding was Vanguard Dividend Apprec ETF (VIG) at 12.1% of the portfolio, followed by JPMorgan Ultra-Short Income (JPST, 11.6%) and Vanguard High DVD Yield ETF (VYM, 8.3%). Compared with Q3 2025, it opened 4 new positions, sold out of 1, added to 29 and reduced 17. The biggest buy was a new position in Hewlett Packard Enterprise (HPE) and the biggest sale Berkshire Hathaway Class B (BRK.B, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- RENO, NV
- CIK
- 0001910312
- Portfolio Value
- $106.4M (Q4 2025)
- SEC Filing
- 0001910312-26-000001 ↗ filed Feb 6, 2026
Holdings Value
Holdings 62 stocks · $106.4M
| VIG Vanguard Dividend Apprec ETF | 12.11% | 58,612 | $12.9M | Add +1.2% |
| JPST JPMorgan Ultra-Short Income | 11.65% | 244,989 | $12.4M | Add +2.9% |
| VYM Vanguard High DVD Yield ETF | 8.31% | 61,653 | $8.8M | Add +1.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 5.16% | 10,914 | $5.5M | Reduce -0.1% |
| VHT Vanguard Health Care ETF | 4.01% | 14,833 | $4.3M | Add +2.8% |
| SCHD Schwab US DVD Equity ETF | 4.01% | 155,390 | $4.3M | Add +7.4% |
| JPM JPMorgan Chase & Co. | 3.40% | 11,218 | $3.6M | Add +3.6% |
| MRK Merck & Co. Inc. | 3.06% | 30,969 | $3.3M | Add +0.9% |
| GOOG Alphabet Inc. Class C | 3.06% | 10,383 | $3.3M | Reduce -6.1% |
| AAPL Apple Inc. | 2.57% | 10,054 | $2.7M | Add +0.1% |
| VZ Verizon Communications Inc. | 2.48% | 64,922 | $2.6M | Add +4.3% |
| MSFT Microsoft Corp. | 2.27% | 4,992 | $2.4M | Reduce -0.1% |
| QQQ Invesco QQQ Trust Series 1 | 2.07% | 3,580 | $2.2M | Add +19.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.00% | 3,128 | $2.1M | Add +12.4% |
| KMI Kinder Morgan Inc. | 1.98% | 76,581 | $2.1M | Add +11.3% |
| CVX Chevron Corp. | 1.74% | 12,172 | $1.9M | Reduce -0.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.70% | 32,943 | $1.8M | Add +1.1% |
| JNJ Johnson & Johnson | 1.64% | 8,456 | $1.8M | Reduce -0.6% |
| MO Altria Group Inc. | 1.62% | 29,987 | $1.7M | Add +9.6% |
| SCHG Schwab US Large-Cap Growth | 1.61% | 52,366 | $1.7M | Add +12.9% |
| USB US Bancorp | 1.42% | 28,305 | $1.5M | Reduce -0.3% |
| AMGN Amgen Inc. | 1.39% | 4,515 | $1.5M | Add +1.1% |
| XOM Exxon Mobil Corp. | 1.37% | 12,123 | $1.5M | Add +2.2% |
| T AT&T Inc. | 1.29% | 55,451 | $1.4M | Reduce -0.8% |
| V Visa Inc. Class A | 1.01% | 3,075 | $1.1M | Reduce -0.4% |
| TFC Truist Financial Corp. | 0.88% | 19,095 | $940K | No change |
| PM Philip Morris International | 0.88% | 5,856 | $939K | Add +7.5% |
| MCD McDonald's Corp. | 0.87% | 3,025 | $925K | No change |
| OKE Oneok Inc. | 0.87% | 12,557 | $923K | Reduce -21.7% |
| GS Goldman Sachs Group Inc. | 0.86% | 1,045 | $919K | Reduce -1.1% |
| AMZN Amazon.com Inc. | 0.84% | 3,875 | $894K | Add +80.2% |
| MET Metlife Inc. | 0.84% | 11,290 | $891K | Reduce -0.4% |
| D Dominion Energy Inc. | 0.72% | 13,155 | $771K | Add +194.0% |
| DUK Duke Energy Corp. | 0.69% | 6,259 | $734K | Add +0.4% |
| WFC Wells Fargo & Co. | 0.68% | 7,759 | $723K | Add +123.6% |
| META Meta Platforms Inc. Class A | 0.62% | 996 | $657K | No change |
| HPE Hewlett Packard Enterprise | 0.56% | 24,850 | $597K | New |
| VTI VG Morningstar TS MKT ETF-US | 0.55% | 1,749 | $586K | Add +0.1% |
| PFE Pfizer Inc. | 0.52% | 22,409 | $558K | Reduce -5.8% |
| COST Costco Wholesale Corp. | 0.48% | 597 | $515K | No change |
| AIG American International Group | 0.42% | 5,268 | $451K | No change |
| APA Apa Corp. | 0.42% | 18,425 | $451K | Add +17.9% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.39% | 14,725 | $414K | Add +33.9% |
| AMAT Applied Materials Inc. | 0.37% | 1,515 | $389K | Reduce -1.4% |
| TSLA Tesla Inc. | 0.36% | 844 | $380K | Add +1.0% |
| CEF Sprott Physical Gold and Sil | 0.35% | 8,145 | $373K | No change |
| HD Home Depot Inc. | 0.35% | 1,076 | $370K | Reduce -5.7% |
| PEP Pepsico Inc. | 0.34% | 2,535 | $364K | No change |
| CSCO Cisco Systems Inc. | 0.32% | 4,361 | $336K | Add +0.1% |
| NVS Novartis AG-Sponsored ADR | 0.29% | 2,242 | $309K | Reduce -1.4% |
| VOO Vanguard S&P 500 ETF | 0.28% | 482 | $302K | Add +0.4% |
| WPM Wheaton Precious Metals Corp. | 0.28% | 2,500 | $294K | No change |
| RTX RTX Corp. | 0.27% | 1,591 | $292K | No change |
| ETN Eaton Corp. PLC | 0.27% | 910 | $290K | New |
| UBER Uber Technologies Inc. | 0.21% | 2,725 | $223K | Add +20.6% |
| PCG P G & E Corp. | 0.20% | 13,328 | $214K | New |
| VXUS Vanguard Total Intl Stock | 0.19% | 2,750 | $207K | No change |
| VTS Vitesse Energy Inc. | 0.19% | 10,725 | $207K | Reduce -36.5% |
| IVV iShares Core S&P 500 ETF | 0.19% | 301 | $206K | No change |
| HPQ HP Inc. | 0.19% | 9,150 | $204K | Reduce -37.4% |
| SLB SLB Ltd. filed as SLB LIMITED | 0.19% | 5,275 | $202K | New |
| BLE BlackRock Muni Inc. TR II | 0.10% | 10,000 | $104K | No change |
Other holdings (1): bonds, preferreds, convertibles and warrants · $1.2M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 961 | $1.2M | No change |
Total filed on the 13F, all lines: $107.6M.
Portfolio Sells Q3 2025 → Q4 2025
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.1% | 5.16% | −0.35 |
| MSFT Microsoft Corp. | Reduce -0.1% | 2.27% | −0.33 |
| CB Chubb Ltd. | Sold out | 0.00% | −0.32 |
| OKE Oneok Inc. | Reduce -21.7% | 0.87% | −0.31 |
| T AT&T Inc. | Reduce -0.8% | 1.29% | −0.29 |
| HPQ HP Inc. | Reduce -37.4% | 0.19% | −0.21 |
| VTS Vitesse Energy Inc. | Reduce -36.5% | 0.19% | −0.20 |
| CVX Chevron Corp. | Reduce -0.3% | 1.74% | −0.16 |
| HD Home Depot Inc. | Reduce -5.7% | 0.35% | −0.12 |
| MET Metlife Inc. | Reduce -0.4% | 0.84% | −0.10 |
| PFE Pfizer Inc. | Reduce -5.8% | 0.52% | −0.08 |
| V Visa Inc. Class A | Reduce -0.4% | 1.01% | −0.04 |
| NVS Novartis AG-Sponsored ADR | Reduce -1.4% | 0.29% | −0.00 |
| GS Goldman Sachs Group Inc. | Reduce -1.1% | 0.86% | +0.02 |
| USB US Bancorp | Reduce -0.3% | 1.42% | +0.04 |
| AMAT Applied Materials Inc. | Reduce -1.4% | 0.37% | +0.05 |
| JNJ Johnson & Johnson | Reduce -0.6% | 1.64% | +0.06 |
| GOOG Alphabet Inc. Class C | Reduce -6.1% | 3.06% | +0.36 |
Portfolio Buys Q3 2025 → Q4 2025
| HPE Hewlett Packard Enterprise | New | 0.56% | +0.56 |
| MRK Merck & Co. Inc. | Add +0.9% | 3.06% | +0.48 |
| D Dominion Energy Inc. | Add +194.0% | 0.72% | +0.45 |
| WFC Wells Fargo & Co. | Add +123.6% | 0.68% | +0.39 |
| AMZN Amazon.com Inc. | Add +80.2% | 0.84% | +0.37 |
| ETN Eaton Corp. PLC | New | 0.27% | +0.27 |
| QQQ Invesco QQQ Trust Series 1 | Add +19.4% | 2.07% | +0.26 |
| VHT Vanguard Health Care ETF | Add +2.8% | 4.01% | +0.26 |
| PCG P G & E Corp. | New | 0.20% | +0.20 |
| SLB SLB Ltd. | New | 0.19% | +0.19 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +12.4% | 2.00% | +0.14 |
| AMGN Amgen Inc. | Add +1.1% | 1.39% | +0.12 |
| SCHG Schwab US Large-Cap Growth | Add +12.9% | 1.61% | +0.12 |
| APA Apa Corp. | Add +17.9% | 0.42% | +0.04 |
| SCHD Schwab US DVD Equity ETF | Add +7.4% | 4.01% | +0.04 |
| VICI Vici Properties Inc. | Add +33.9% | 0.39% | +0.03 |
| XOM Exxon Mobil Corp. | Add +2.2% | 1.37% | +0.03 |
| KMI Kinder Morgan Inc. | Add +11.3% | 1.98% | +0.02 |
| CSCO Cisco Systems Inc. | Add +0.1% | 0.32% | +0.02 |
| BAC Bank of America Corp. | Add +1.1% | 1.70% | +0.02 |
| AAPL Apple Inc. | Add +0.1% | 2.57% | +0.00 |
| PM Philip Morris International | Add +7.5% | 0.88% | −0.00 |
| VOO Vanguard S&P 500 ETF | Add +0.4% | 0.28% | −0.01 |
| UBER Uber Technologies Inc. | Add +20.6% | 0.21% | −0.01 |
| TSLA Tesla Inc. | Add +1.0% | 0.36% | −0.02 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.1% | 0.55% | −0.03 |
| JPM JPMorgan Chase & Co. | Add +3.6% | 3.40% | −0.03 |
| DUK Duke Energy Corp. | Add +0.4% | 0.69% | −0.08 |
| MO Altria Group Inc. | Add +9.6% | 1.62% | −0.19 |
| VZ Verizon Communications Inc. | Add +4.3% | 2.48% | −0.26 |
| VYM Vanguard High DVD Yield ETF | Add +1.4% | 8.31% | −0.28 |
| VIG Vanguard Dividend Apprec ETF | Add +1.2% | 12.11% | −0.44 |
| JPST JPMorgan Ultra-Short Income | Add +2.9% | 11.65% | −0.48 |
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 |