Paragon Associates & Paragon Associates II Joint Venture
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Paragon Associates & Paragon Associates II Joint Venture reported 15 stock positions worth $63.0 million. Its top holding was Agnico Eagle Mines (AEM) at 22.7% of the portfolio, followed by Navigator (NVGS, 11.2%) and SS SPDR S&P 500 ETF Trust-US (SPY, 9.8%). Compared with Q1 2025, it opened 4 new positions, sold out of 2, added to 4 and reduced 5. The biggest buy was a new position in SS SPDR S&P 500 ETF Trust-US (SPY) and the biggest sale Agnico Eagle Mines (AEM, shares −8%).
- Most Recent 13F
- Q1 2026
- Location
- DALLAS, TX
- CIK
- 0001047859
- Portfolio Value
- $63.0M (Q2 2025)
- SEC Filing
- 0001047859-25-000004 ↗ filed Aug 13, 2025
Holdings Value
Holdings 15 stocks · $63.0M
| AEM Agnico Eagle Mines Ltd. | 22.67% | 120,000 | $14.3M | Reduce -7.7% |
| NVGS Navigator Holdings Ltd. | 11.24% | 500,000 | $7.1M | Reduce -16.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 9.82% | 10,000 | $6.2M | New |
| EPSN Epsilon Energy Ltd. | 7.62% | 650,000 | $4.8M | Reduce -12.8% |
| STKL Sunopta Inc. | 6.91% | 750,000 | $4.3M | New |
| CDNA Caredx Inc. | 6.81% | 219,403 | $4.3M | Add +338.8% |
| NPKI NPK International Inc. | 6.76% | 500,000 | $4.3M | Add +17.6% |
| PRGO Perrigo Co. PLC | 6.37% | 150,000 | $4.0M | Add +2900.0% |
| BELFB Bel Fuse Inc. Class B | 6.21% | 40,000 | $3.9M | Reduce -35.5% |
| AMZN Amazon.com Inc. | 5.05% | 14,500 | $3.2M | New |
| DMAC Diamedica Therapeutics Inc. | 4.03% | 650,000 | $2.5M | Add +8.3% |
| FNV Franco-Nevada Corp. | 2.60% | 10,000 | $1.6M | Reduce -33.3% |
| IRIX Iridex Corp. | 1.40% | 1,000,000 | $880K | No change |
| AKYA Akoya Biosciences Inc. | 1.39% | 671,000 | $872K | No change |
| PINS Pinterest Inc. Class A | 1.14% | 20,000 | $717K | New |
Portfolio Sells Q1 2025 → Q2 2025
| AEM Agnico Eagle Mines Ltd. | Reduce -7.7% | 22.67% | −10.36 |
| NVGS Navigator Holdings Ltd. | Reduce -16.7% | 11.24% | −7.48 |
| EPSN Epsilon Energy Ltd. | Reduce -12.8% | 7.62% | −4.71 |
| BELFB Bel Fuse Inc. Class B | Reduce -35.5% | 6.21% | −4.67 |
| FNV Franco-Nevada Corp. | Reduce -33.3% | 2.60% | −2.94 |
| KSPI JSC Kaspi.kz ADR | Sold out | 0.00% | −1.09 |
| QTRX Quanterix Corp. | Sold out | 0.00% | −0.38 |
Portfolio Buys Q1 2025 → Q2 2025
| SPY SS SPDR S&P 500 ETF Trust-US | New | 9.82% | +9.82 |
| STKL Sunopta Inc. | New | 6.91% | +6.91 |
| PRGO Perrigo Co. PLC | Add +2900.0% | 6.37% | +6.04 |
| AMZN Amazon.com Inc. | New | 5.05% | +5.05 |
| CDNA Caredx Inc. | Add +338.8% | 6.81% | +4.73 |
| PINS Pinterest Inc. Class A | New | 1.14% | +1.14 |
| NPKI NPK International Inc. | Add +17.6% | 6.76% | +0.97 |
| DMAC Diamedica Therapeutics Inc. | Add +8.3% | 4.03% | −1.30 |
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 |