Paragon Associates & Paragon Associates II Joint Venture
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 12, 2025), Paragon Associates & Paragon Associates II Joint Venture reported 12 stock positions worth $43.2 million. Its top holding was Agnico Eagle Mines (AEM) at 22.6% of the portfolio, followed by Navigator (NVGS, 21.3%) and Bel Fuse Class B (BELFB, 13.0%). Compared with Q3 2024, it opened 4 new positions, sold out of 8, added to 4 and reduced 1. The biggest buy was Agnico Eagle Mines (AEM, shares +19%) and the biggest sale an exit from SS SPDR S&P 500 ETF Trust-US (SPY).
- Most Recent 13F
- Q1 2026
- Location
- DALLAS, TX
- CIK
- 0001047859
- Portfolio Value
- $43.2M (Q4 2024)
- SEC Filing
- 0001047859-25-000001 ↗ filed Feb 12, 2025
Holdings Value
Holdings 12 stocks · $43.2M
| AEM Agnico Eagle Mines Ltd. | 22.61% | 125,000 | $9.8M | Add +19.1% |
| NVGS Navigator Holdings Ltd. | 21.30% | 600,000 | $9.2M | No change |
| BELFB Bel Fuse Inc. Class B | 12.97% | 68,000 | $5.6M | Add +7.9% |
| EPSN Epsilon Energy Ltd. | 10.70% | 745,000 | $4.6M | Reduce -6.9% |
| FNV Franco-Nevada Corp. | 9.52% | 35,000 | $4.1M | No change |
| DMAC Diamedica Therapeutics Inc. | 6.46% | 514,784 | $2.8M | Add +6.7% |
| AKYA Akoya Biosciences Inc. | 4.24% | 801,000 | $1.8M | Add +1.4% |
| HON Honeywell International Inc. | 3.92% | 7,500 | $1.7M | New |
| IRIX Iridex Corp. | 3.89% | 1,000,000 | $1.7M | No change |
| UAL United Airlines Holdings Inc. | 2.81% | 12,500 | $1.2M | New |
| NPKI NPK International Inc. | 1.33% | 75,000 | $575K | New |
| ASPI Asp Isotopes Inc. | 0.26% | 25,000 | $113K | New |
Portfolio Sells Q3 2024 → Q4 2024
| SPY SS SPDR S&P 500 ETF Trust-US | Sold out | 0.00% | −10.31 |
| EXE Expand Energy Corp. | Sold out | 0.00% | −7.39 |
| NEM Newmont Corp. | Sold out | 0.00% | −7.20 |
| VSTS Vestis Corp. | Sold out | 0.00% | −2.01 |
| IWM iShares Russell 2000 ETF | Sold out | 0.00% | −1.98 |
| ALSN Allison Transmission Holding | Sold out | 0.00% | −1.29 |
| KSPI JSC Kaspi.kz ADR | Sold out | 0.00% | −0.95 |
| ECVT Ecovyst Inc. | Sold out | 0.00% | −0.62 |
| EPSN Epsilon Energy Ltd. | Reduce -6.9% | 10.70% | +2.28 |
Portfolio Buys Q3 2024 → Q4 2024
| AEM Agnico Eagle Mines Ltd. | Add +19.1% | 22.61% | +7.42 |
| BELFB Bel Fuse Inc. Class B | Add +7.9% | 12.97% | +4.09 |
| HON Honeywell International Inc. | New | 3.92% | +3.92 |
| DMAC Diamedica Therapeutics Inc. | Add +6.7% | 6.46% | +2.83 |
| UAL United Airlines Holdings Inc. | New | 2.81% | +2.81 |
| NPKI NPK International Inc. | New | 1.33% | +1.33 |
| AKYA Akoya Biosciences Inc. | Add +1.4% | 4.24% | +0.38 |
| ASPI Asp Isotopes Inc. | New | 0.26% | +0.26 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q1 2026 | 14 | $73.6M | CDE, SPY, CDNA, DMAC, NVGS |
| Q4 2025 | 12 | $48.4M | AEM, CDNA, DMAC, QQQ, NVGS |
| Q3 2025 | 12 | $56.1M | AEM, NVGS, CDNA, DMAC, AMG |
| Q2 2025 | 15 | $63.0M | AEM, NVGS, SPY, EPSN, STKL |
| Q1 2025 | 13 | $42.7M | AEM, NVGS, EPSN, BELFB, NPKI |
| Q4 2024 | 12 | $43.2M | AEM, NVGS, BELFB, EPSN, FNV |
| Q3 2024 | 16 | $55.7M | NVGS, AEM, SPY, BELFB, EPSN |
| Q2 2024 | 11 | $40.9M | NVGS, AEM, NEM, EPSN, BELFB |
| Q1 2024 | 16 | $56.1M | NVGS, AEM, EPSN, PBF, VLO |