Paragon Advisors, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 3, 2025), Paragon Advisors, LLC reported 77 stock positions worth $387.0 million. Its top holding was Invesco QQQ Trust Series 1 (QQQ) at 19.6% of the portfolio, followed by JPMorgan Ultra-Short Income (JPST, 12.0%) and iShares Bitcoin Trust ETF (IBIT, 8.3%). Compared with Q2 2025, it opened 6 new positions, sold out of 10, added to 22 and reduced 44. The biggest buy was Invesco QQQ Trust Series 1 (QQQ, shares +33743%) and the biggest sale First Trust Enh Short Mat FD (FTSM, shares −98%).
- Most Recent 13F
- Q2 2026
- Location
- COLLEGE STATION, TX
- CIK
- 0001799719
- Portfolio Value
- $387.0M (Q3 2025)
- SEC Filing
- 0001799719-25-000007 ↗ filed Nov 3, 2025
Holdings Value
Holdings 77 stocks · $387.0M
| QQQ Invesco QQQ Trust Series 1 | 19.59% | 126,236 | $75.8M | Add +33743.4% |
| JPST JPMorgan Ultra-Short Income | 11.95% | 911,578 | $46.2M | Add +259.8% |
| IBIT iShares Bitcoin Trust ETF | 8.29% | 493,304 | $32.1M | Add +4.6% |
| NVDA Nvidia Corp. | 3.53% | 73,228 | $13.7M | Reduce -22.8% |
| JAAA Janus Henderson Aaa Clo ETF | 2.71% | 206,196 | $10.5M | Add +16.2% |
| MSFT Microsoft Corp. | 2.60% | 19,454 | $10.1M | Reduce -0.8% |
| ZROZ PIMCO 25+ YR Zero CPN US Tif | 2.53% | 144,310 | $9.8M | Add +164.3% |
| TSM Taiwan Semiconductor-SP ADR | 2.46% | 34,048 | $9.5M | Reduce -52.4% |
| TQQQ Proshares Ultrapro QQQ | 1.91% | 71,610 | $7.4M | Reduce -82.9% |
| AVGO Broadcom Inc. | 1.90% | 22,342 | $7.4M | Reduce -27.0% |
| META Meta Platforms Inc. Class A | 1.90% | 10,025 | $7.4M | Reduce -10.0% |
| AVGE Avantis All Eqty Mrkts ETF | 1.75% | 81,398 | $6.8M | Reduce -10.4% |
| AMZN Amazon.com Inc. | 1.57% | 27,709 | $6.1M | Reduce -19.1% |
| AVUV Avantis US Small Cap Value | 1.42% | 55,066 | $5.5M | Add +839.5% |
| ANET Arista Networks Inc. | 1.35% | 35,843 | $5.2M | Reduce -23.8% |
| IGM iShares Expanded Tech Sector | 1.35% | 41,417 | $5.2M | Add +9.1% |
| TCAF T Rowe PRC Cap Appreciation | 1.25% | 128,379 | $4.8M | Reduce -8.0% |
| CGGO Cap Group Global Growth filed as CAPITAL GROUP GBL GROWTH EQT | 1.24% | 140,915 | $4.8M | Reduce -8.5% |
| LNG Cheniere Energy Inc. | 1.24% | 20,470 | $4.8M | Add +10.3% |
| GOOGL Alphabet Inc. Class A | 1.23% | 19,524 | $4.7M | Reduce -62.9% |
| MOAT Vaneck Morningstar Wide Moat | 1.21% | 47,161 | $4.7M | Reduce -9.3% |
| NOW ServiceNow Inc. | 1.14% | 4,805 | $4.4M | Reduce -35.0% |
| ASML ASML Holding NV-NY Reg SHS | 1.11% | 4,430 | $4.3M | Reduce -40.8% |
| SMH Vaneck Semiconductor ETF | 1.08% | 12,790 | $4.2M | Add +22.0% |
| JBBB Janus Henderson B-BBB Clo Et | 1.05% | 83,978 | $4.0M | Reduce -11.6% |
| IAGG iShares Intl Aggregate Bond | 1.04% | 78,822 | $4.0M | Add +31.3% |
| USHY iShares Broad Usd High Yield | 1.04% | 106,874 | $4.0M | Add +28.4% |
| EMB iShares JP Morgan Usd Emergi | 1.02% | 41,425 | $3.9M | Add +22.9% |
| FBND Fidelity Total Bond ETF | 1.02% | 85,186 | $3.9M | Add +26.3% |
| AVDV Avantis Intl S/C Value ETF | 0.97% | 42,342 | $3.8M | Add +526.5% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.94% | 7,439 | $3.6M | Reduce -34.9% |
| LLY Eli Lilly & Co. | 0.93% | 4,707 | $3.6M | Reduce -27.0% |
| MELI MercadoLibre Inc. | 0.81% | 1,344 | $3.1M | Add +10.4% |
| PLTR Palantir Technologies Inc. Class A | 0.78% | 16,509 | $3.0M | Reduce -42.6% |
| PGR Progressive Corp. | 0.75% | 11,711 | $2.9M | Reduce -19.3% |
| AUR Aurora Innovation Inc. | 0.75% | 536,195 | $2.9M | Add +103.0% |
| MPWR Monolithic Power Systems Inc. | 0.74% | 3,103 | $2.9M | Reduce -32.6% |
| APP AppLovin Corp. Class A | 0.72% | 3,875 | $2.8M | New |
| COWZ Pacer US Cash Cows 100 ETF | 0.67% | 44,937 | $2.6M | Add +13.3% |
| VEEV Veeva Systems Inc. Class A | 0.66% | 8,607 | $2.6M | Reduce -24.8% |
| CDNS Cadence Design SYS Inc. | 0.64% | 7,039 | $2.5M | Reduce -21.5% |
| TDG Transdigm Group Inc. | 0.60% | 1,772 | $2.3M | Reduce -10.0% |
| APH Amphenol Corp. Class A | 0.60% | 18,679 | $2.3M | New |
| EPD Enterprise Products Partners | 0.58% | 72,284 | $2.3M | Reduce -2.7% |
| ARES Ares Management Corp. Class A | 0.57% | 13,821 | $2.2M | Reduce -23.1% |
| RACE Ferrari NV | 0.56% | 4,473 | $2.2M | Reduce -22.3% |
| CRWV Coreweave Inc. Class A | 0.55% | 15,671 | $2.1M | New |
| TSLA Tesla Inc. | 0.54% | 4,717 | $2.1M | Reduce -47.9% |
| CTAS Cintas Corp. | 0.49% | 9,155 | $1.9M | Reduce -27.3% |
| ALAB Astera Labs Inc. | 0.47% | 9,342 | $1.8M | New |
| AAPL Apple Inc. | 0.41% | 6,245 | $1.6M | Reduce -70.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.33% | 2,563 | $1.3M | Reduce -29.3% |
| FTSM First Trust Enh Short Mat FD | 0.29% | 18,763 | $1.1M | Reduce -98.2% |
| WING Wingstop Inc. | 0.28% | 4,289 | $1.1M | Reduce -21.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.27% | 1,552 | $1.0M | Reduce -83.3% |
| GEV GE Vernova Inc. | 0.24% | 1,505 | $925K | New |
| EDV Vanguard Extended Dur Treas | 0.21% | 11,594 | $794K | Reduce -20.0% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.20% | 14,952 | $763K | New |
| BRK.A Berkshire Hathaway Inc. Class A | 0.19% | 1 | $754K | No change |
| AVDE Avantis International Equity | 0.19% | 9,396 | $741K | Reduce -22.4% |
| ITOT iShares Core S&P Total U.S. | 0.17% | 4,545 | $662K | Reduce -7.0% |
| SHW The Sherwin-Williams Co. | 0.16% | 1,815 | $628K | No change |
| AVUS Avantis U.S. Equity ETF | 0.15% | 5,487 | $596K | Reduce -21.9% |
| IJT iShares S&P Small-Cap 600 GR | 0.13% | 3,533 | $500K | Reduce -18.4% |
| VOO Vanguard S&P 500 ETF | 0.11% | 688 | $421K | Reduce -1.6% |
| FFIN First Finl Bankshares Inc. | 0.11% | 12,408 | $418K | Add +2.2% |
| GLD SPDR Gold Shares | 0.08% | 904 | $321K | Reduce -1.1% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.08% | 656 | $315K | Add +5.5% |
| VTI VG Morningstar TS MKT ETF-US | 0.08% | 911 | $299K | Reduce -44.7% |
| VEU Vanguard Ftse All-World Ex-U | 0.07% | 4,064 | $290K | Add +1.2% |
| SGOL Abrdn Physical Gold Shares | 0.07% | 7,848 | $289K | Reduce -0.2% |
| GLDM SPDR Gold Minishares Trust | 0.07% | 3,738 | $286K | No change |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.07% | 1,355 | $283K | Add +5.0% |
| HD Home Depot Inc. | 0.06% | 618 | $250K | No change |
| NET Cloudflare Inc. Class A | 0.06% | 1,074 | $230K | Reduce -20.0% |
| AVMV Avantis US Mid Cap Val ETF | 0.06% | 3,120 | $215K | No change |
| WEST Westrock Coffee Co. | 0.03% | 21,326 | $104K | Add +55.0% |
Portfolio Sells Q2 2025 → Q3 2025
| FTSM First Trust Enh Short Mat FD | Reduce -98.2% | 0.29% | −16.37 |
| TQQQ Proshares Ultrapro QQQ | Reduce -82.9% | 1.91% | −7.14 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -52.4% | 2.46% | −1.77 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -83.3% | 0.27% | −1.23 |
| GOOGL Alphabet Inc. Class A | Reduce -62.9% | 1.23% | −1.19 |
| NOW ServiceNow Inc. | Reduce -35.0% | 1.14% | −0.84 |
| AAPL Apple Inc. | Reduce -70.7% | 0.41% | −0.73 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -34.9% | 0.94% | −0.58 |
| COST Costco Wholesale Corp. | Sold out | 0.00% | −0.58 |
| ODFL Old Dominion Freight Line | Sold out | 0.00% | −0.48 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.47 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -40.8% | 1.11% | −0.46 |
| CPRT Copart Inc. | Sold out | 0.00% | −0.46 |
| ORLY O'reilly Automotive Inc. | Sold out | 0.00% | −0.45 |
| AMZN Amazon.com Inc. | Reduce -19.1% | 1.57% | −0.39 |
| LLY Eli Lilly & Co. | Reduce -27.0% | 0.93% | −0.38 |
| NVDA Nvidia Corp. | Reduce -22.8% | 3.53% | −0.38 |
| AVGO Broadcom Inc. | Reduce -27.0% | 1.90% | −0.30 |
| PGR Progressive Corp. | Reduce -19.3% | 0.75% | −0.26 |
| CTAS Cintas Corp. | Reduce -27.3% | 0.49% | −0.25 |
| PLTR Palantir Technologies Inc. Class A | Reduce -42.6% | 0.78% | −0.25 |
| META Meta Platforms Inc. Class A | Reduce -10.0% | 1.90% | −0.24 |
| ARES Ares Management Corp. Class A | Reduce -23.1% | 0.57% | −0.24 |
| TSLA Tesla Inc. | Reduce -47.9% | 0.54% | −0.21 |
| WING Wingstop Inc. | Reduce -21.4% | 0.28% | −0.20 |
| VEEV Veeva Systems Inc. Class A | Reduce -24.8% | 0.66% | −0.20 |
| AVNM Avantis All Intl MKTS Eq ETF | Sold out | 0.00% | −0.20 |
| TDG Transdigm Group Inc. | Reduce -10.0% | 0.60% | −0.18 |
| RACE Ferrari NV | Reduce -22.3% | 0.56% | −0.18 |
| JBBB Janus Henderson B-BBB Clo Et | Reduce -11.6% | 1.05% | −0.15 |
| MPWR Monolithic Power Systems Inc. | Reduce -32.6% | 0.74% | −0.14 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -29.3% | 0.33% | −0.13 |
| URI United Rentals Inc. | Sold out | 0.00% | −0.09 |
| AVGE Avantis All Eqty Mrkts ETF | Reduce -10.4% | 1.75% | −0.08 |
| CDNS Cadence Design SYS Inc. | Reduce -21.5% | 0.64% | −0.08 |
| XOM Exxon Mobil Corp. | Sold out | 0.00% | −0.08 |
| IVV iShares Core S&P 500 ETF | Sold out | 0.00% | −0.08 |
| SCHG Schwab US Large-Cap Growth | Sold out | 0.00% | −0.07 |
| MOAT Vaneck Morningstar Wide Moat | Reduce -9.3% | 1.21% | −0.07 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -44.7% | 0.08% | −0.05 |
| EDV Vanguard Extended Dur Treas | Reduce -20.0% | 0.21% | −0.05 |
| AVDE Avantis International Equity | Reduce -22.4% | 0.19% | −0.04 |
| CGGO Cap Group Global Growth | Reduce -8.5% | 1.24% | −0.04 |
| TCAF T Rowe PRC Cap Appreciation | Reduce -8.0% | 1.25% | −0.03 |
| AVUS Avantis U.S. Equity ETF | Reduce -21.9% | 0.15% | −0.03 |
| IJT iShares S&P Small-Cap 600 GR | Reduce -18.4% | 0.13% | −0.02 |
| EPD Enterprise Products Partners | Reduce -2.7% | 0.58% | −0.02 |
| NET Cloudflare Inc. Class A | Reduce -20.0% | 0.06% | −0.01 |
| ITOT iShares Core S&P Total U.S. | Reduce -7.0% | 0.17% | −0.00 |
| VOO Vanguard S&P 500 ETF | Reduce -1.6% | 0.11% | +0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| QQQ Invesco QQQ Trust Series 1 | Add +33743.4% | 19.59% | +19.53 |
| JPST JPMorgan Ultra-Short Income | Add +259.8% | 11.95% | +8.60 |
| ZROZ PIMCO 25+ YR Zero CPN US Tif | Add +164.3% | 2.53% | +1.58 |
| AVUV Avantis US Small Cap Value | Add +839.5% | 1.42% | +1.28 |
| AVDV Avantis Intl S/C Value ETF | Add +526.5% | 0.97% | +0.83 |
| IBIT iShares Bitcoin Trust ETF | Add +4.6% | 8.29% | +0.75 |
| APP AppLovin Corp. Class A | New | 0.72% | +0.72 |
| APH Amphenol Corp. Class A | New | 0.60% | +0.60 |
| CRWV Coreweave Inc. Class A | New | 0.55% | +0.55 |
| ALAB Astera Labs Inc. | New | 0.47% | +0.47 |
| AUR Aurora Innovation Inc. | Add +103.0% | 0.75% | +0.39 |
| JAAA Janus Henderson Aaa Clo ETF | Add +16.2% | 2.71% | +0.35 |
| SMH Vaneck Semiconductor ETF | Add +22.0% | 1.08% | +0.32 |
| IAGG iShares Intl Aggregate Bond | Add +31.3% | 1.04% | +0.24 |
| GEV GE Vernova Inc. | New | 0.24% | +0.24 |
| IGM iShares Expanded Tech Sector | Add +9.1% | 1.35% | +0.23 |
| USHY iShares Broad Usd High Yield | Add +28.4% | 1.04% | +0.23 |
| FBND Fidelity Total Bond ETF | Add +26.3% | 1.02% | +0.21 |
| EMB iShares JP Morgan Usd Emergi | Add +22.9% | 1.02% | +0.20 |
| JMST JPM Ultra-Short Muni Income | New | 0.20% | +0.20 |
| COWZ Pacer US Cash Cows 100 ETF | Add +13.3% | 0.67% | +0.10 |
| LNG Cheniere Energy Inc. | Add +10.3% | 1.24% | +0.06 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +5.5% | 0.08% | +0.01 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +5.0% | 0.07% | +0.01 |
| WEST Westrock Coffee Co. | Add +55.0% | 0.03% | +0.01 |
| VEU Vanguard Ftse All-World Ex-U | Add +1.2% | 0.07% | +0.00 |
| FFIN First Finl Bankshares Inc. | Add +2.2% | 0.11% | −0.01 |
| MELI MercadoLibre Inc. | Add +10.4% | 0.81% | −0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 77 | $476.1M | QQQM, BTC, TQQQ, AVGO, TSM |
| Q1 2026 | 76 | $370.8M | QQQM, BTC, TQQQ, AVGO, NVDA |
| Q4 2025 | 81 | $368.1M | QQQM, BTC, AVGO, NVDA, QQQ |
| Q3 2025 | 77 | $387.0M | QQQ, JPST, IBIT, NVDA, JAAA |
| Q2 2025 | 81 | $383.0M | FTSM, TQQQ, IBIT, TSM, NVDA |
| Q1 2025 | 85 | $264.5M | IBIT, TQQQ, AVUV, JAAA, JPST |
| Q4 2024 | 81 | $291.5M | IBIT, JPST, AVUV, JAAA, TQQQ |
| Q3 2024 | 77 | $307.8M | TQQQ, SPY, AVUV, IBIT, JAAA |
| Q2 2024 | 72 | $274.2M | TQQQ, AVUV, AVGE, JAAA, IBIT |
| Q1 2024 | 76 | $248.2M | TQQQ, AVUV, AVGE, BITO, JAAA |