Paragon Capital Management Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 24, 2025), Paragon Capital Management Inc. reported 72 stock positions worth $123.8 million. Its top holding was iShares 0-1 Year Treasury Bo (SHV) at 9.4% of the portfolio, followed by iShares 7-10 Year Treasury B (IEF, 9.1%) and SS SPDR BB 1-3M T-Bill ETF (BIL, 5.8%). Compared with Q4 2024, it opened 23 new positions, sold out of 17, added to 13 and reduced 34. The biggest buy was a new position in Uber Technologies (UBER) and the biggest sale an exit from Constellation Energy (CEG).
- Most Recent 13F
- Q2 2026
- Location
- Provo, UT
- CIK
- 0002038506
- Portfolio Value
- $123.8M (Q1 2025)
- SEC Filing
- 0001085146-25-002311 ↗ filed Apr 24, 2025
Holdings Value
Holdings 72 stocks · $123.8M
| SHV iShares 0-1 Year Treasury Bo | 9.37% | 105,057 | $11.6M | Add +7.9% |
| IEF iShares 7-10 Year Treasury B | 9.11% | 118,232 | $11.3M | Reduce -3.1% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 5.77% | 77,945 | $7.1M | Reduce -7.8% |
| JAAA Janus Henderson Aaa Clo ETF | 4.60% | 112,353 | $5.7M | Reduce -1.9% |
| GOVT iShares US Treasury Bond ETF | 3.46% | 186,620 | $4.3M | Reduce -5.3% |
| TOTL SS Doubleline TR Tact ETF | 3.15% | 96,812 | $3.9M | Reduce -4.4% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 2.69% | 7,933 | $3.3M | Add +26.7% |
| VB Vanguard Most SM-Cap ETF-Usd | 2.45% | 13,695 | $3.0M | Reduce -3.8% |
| ORLY O'reilly Automotive Inc. | 2.17% | 1,877 | $2.7M | Add +20.6% |
| STOT SS DL St Dur TR Tact ETF | 1.99% | 52,042 | $2.5M | Reduce -9.1% |
| META Meta Platforms Inc. Class A | 1.94% | 4,171 | $2.4M | Add +50.7% |
| MELI MercadoLibre Inc. | 1.91% | 1,214 | $2.4M | Reduce -25.8% |
| BKNG Booking Holdings Inc. | 1.58% | 426 | $2.0M | Add +7.3% |
| AZO AutoZone Inc. | 1.49% | 483 | $1.8M | Reduce -3.2% |
| TRV The Travelers Cos Inc. | 1.43% | 6,687 | $1.8M | Reduce -0.9% |
| PGR Progressive Corp. | 1.41% | 6,164 | $1.7M | Reduce -2.8% |
| EXEL Exelixis Inc. | 1.40% | 47,088 | $1.7M | Reduce -4.5% |
| RPRX Royalty Pharma PLC Class A | 1.32% | 52,309 | $1.6M | Reduce -25.6% |
| MRK Merck & Co. Inc. | 1.30% | 17,988 | $1.6M | Add +20.1% |
| UBER Uber Technologies Inc. | 1.30% | 22,082 | $1.6M | New |
| EEFT Euronet Worldwide Inc. | 1.28% | 14,875 | $1.6M | Reduce -12.8% |
| TDG Transdigm Group Inc. | 1.28% | 1,144 | $1.6M | Reduce -2.2% |
| CROX Crocs Inc. | 1.28% | 14,884 | $1.6M | New |
| IDXX Idexx Laboratories Inc. | 1.26% | 3,729 | $1.6M | Reduce -2.4% |
| UHS Universal Health Services-B | 1.25% | 8,265 | $1.6M | New |
| VLO Valero Energy Corp. | 1.22% | 11,455 | $1.5M | Reduce -19.7% |
| TYL Tyler Technologies Inc. | 1.21% | 2,574 | $1.5M | Add +317.9% |
| XLV SS Health Care Select Sector | 1.20% | 10,180 | $1.5M | Reduce -5.5% |
| GAP The Gap Inc. | 1.15% | 69,064 | $1.4M | Reduce -27.6% |
| COST Costco Wholesale Corp. | 1.14% | 1,492 | $1.4M | New |
| REGN Regeneron Pharmaceuticals | 1.13% | 2,210 | $1.4M | Add +25.3% |
| DINO HF Sinclair Corp. | 1.13% | 42,509 | $1.4M | Reduce -3.6% |
| LYFT LYFT Inc. Class A | 1.11% | 115,637 | $1.4M | Reduce -11.2% |
| NVR NVR Inc. | 1.10% | 188 | $1.4M | Add +1.6% |
| CHRD Chord Energy Corp. | 1.10% | 12,079 | $1.4M | New |
| DXC DXC Technology Co. | 1.09% | 79,511 | $1.4M | Reduce -19.6% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 1.08% | 130,516 | $1.3M | Add +28.5% |
| MTD Mettler-Toledo International | 0.98% | 1,023 | $1.2M | Reduce -1.4% |
| EME Emcor Group Inc. | 0.97% | 3,247 | $1.2M | New |
| TTWO Take-Two Interactive Softwre | 0.97% | 5,786 | $1.2M | New |
| DASH DoorDash Inc. Class A | 0.97% | 6,539 | $1.2M | New |
| VTI VG Morningstar TS MKT ETF-US | 0.96% | 4,332 | $1.2M | Add +9.3% |
| NFLX Netflix Inc. | 0.95% | 1,266 | $1.2M | New |
| FSLR First Solar Inc. | 0.95% | 9,307 | $1.2M | Add +32.2% |
| DSL Doubleline Income Solutions | 0.90% | 88,565 | $1.1M | Reduce -5.0% |
| AMZN Amazon.com Inc. | 0.85% | 5,545 | $1.1M | New |
| TLT iShares 20+ Year Treasury BD | 0.82% | 11,089 | $1.0M | Add +2.0% |
| ISRG Intuitive Surgical Inc. | 0.81% | 2,036 | $1.0M | New |
| VSTS Vestis Corp. | 0.80% | 100,652 | $996K | New |
| STXF Strive 500 ETF | 0.80% | 27,517 | $992K | Reduce -3.4% |
| GOOGL Alphabet Inc. Class A | 0.74% | 5,890 | $911K | New |
| STXK Strive Small-Cap ETF | 0.61% | 26,167 | $751K | Reduce -0.4% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.60% | 2,091 | $737K | New |
| ONEQ Fidelity Nasdaq Comp Indx | 0.57% | 10,412 | $709K | Reduce -1.3% |
| TEAM Atlassian Corp. Class A | 0.55% | 3,229 | $685K | New |
| AXON Axon Enterprise Inc. | 0.53% | 1,259 | $662K | New |
| STXV Strive 1000 Value ETF | 0.52% | 21,244 | $648K | Reduce -1.1% |
| LULU Lululemon Athletica Inc. | 0.51% | 2,224 | $630K | New |
| AVGO Broadcom Inc. | 0.42% | 3,140 | $526K | New |
| RC Ready Capital Corp. | 0.42% | 102,104 | $520K | Reduce -12.1% |
| PLTR Palantir Technologies Inc. Class A | 0.37% | 5,484 | $463K | New |
| TSLA Tesla Inc. | 0.36% | 1,708 | $443K | Reduce -40.6% |
| T AT&T Inc. | 0.34% | 15,000 | $424K | No change |
| MRVL Marvell Technology Inc. | 0.30% | 6,033 | $371K | New |
| NEAR iShares SH Dba ETF Usd Inc. | 0.28% | 6,763 | $344K | Reduce -1.3% |
| STXE Strive Em Markets Ex-China | 0.27% | 12,417 | $339K | Reduce -21.3% |
| MSTR Strategy Inc. filed as MICROSTRATEGY INC | 0.27% | 1,160 | $334K | New |
| APP AppLovin Corp. Class A | 0.26% | 1,204 | $319K | New |
| GLD SPDR Gold Shares | 0.17% | 724 | $209K | Reduce -22.2% |
| XLP SS Consumer Staples Sel Sect | 0.16% | 2,466 | $201K | Reduce -38.4% |
| SFL SFL Corp. Ltd. | 0.08% | 11,500 | $94K | New |
| AG First Majestic Silver Corp. | 0.05% | 10,000 | $67K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| CEG Constellation Energy | Sold out | 0.00% | −2.64 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −2.39 |
| COLM Columbia Sportswear Co. | Sold out | 0.00% | −1.60 |
| AXS Axis Capital Holdings Ltd. | Sold out | 0.00% | −1.39 |
| CTAS Cintas Corp. | Sold out | 0.00% | −1.27 |
| SMG Scotts Miracle-Gro Co. | Sold out | 0.00% | −1.25 |
| HES Hess Corp. | Sold out | 0.00% | −1.18 |
| PPC Pilgrim's Pride Corp. | Sold out | 0.00% | −1.17 |
| ARM Arm Holdings PLC-ADR | Sold out | 0.00% | −1.02 |
| VRSN Verisign Inc. | Sold out | 0.00% | −0.99 |
| AZN Astrazeneca PLC-Spons ADR | Sold out | 0.00% | −0.98 |
| BKR Baker Hughes Co. | Sold out | 0.00% | −0.91 |
| TXN Texas Instruments Inc. | Sold out | 0.00% | −0.74 |
| MU Micron Technology Inc. | Sold out | 0.00% | −0.67 |
| GAP The Gap Inc. | Reduce -27.6% | 1.15% | −0.61 |
| TSLA Tesla Inc. | Reduce -40.6% | 0.36% | −0.55 |
| CHTR Charter Communications Inc. Class A | Sold out | 0.00% | −0.54 |
| KLAC KLA Corp. | Sold out | 0.00% | −0.51 |
| DXC DXC Technology Co. | Reduce -19.6% | 1.09% | −0.45 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -7.8% | 5.77% | −0.27 |
| MELI MercadoLibre Inc. | Reduce -25.8% | 1.91% | −0.26 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -3.8% | 2.45% | −0.22 |
| LYFT LYFT Inc. Class A | Reduce -11.2% | 1.11% | −0.21 |
| RC Ready Capital Corp. | Reduce -12.1% | 0.42% | −0.20 |
| VLO Valero Energy Corp. | Reduce -19.7% | 1.22% | −0.15 |
| STOT SS DL St Dur TR Tact ETF | Reduce -9.1% | 1.99% | −0.11 |
| EEFT Euronet Worldwide Inc. | Reduce -12.8% | 1.28% | −0.09 |
| RPRX Royalty Pharma PLC Class A | Reduce -25.6% | 1.32% | −0.09 |
| XLP SS Consumer Staples Sel Sect | Reduce -38.4% | 0.16% | −0.08 |
| DINO HF Sinclair Corp. | Reduce -3.6% | 1.13% | −0.08 |
| GOVT iShares US Treasury Bond ETF | Reduce -5.3% | 3.46% | −0.08 |
| CLF Cleveland-Cliffs Inc. | Sold out | 0.00% | −0.08 |
| STXE Strive Em Markets Ex-China | Reduce -21.3% | 0.27% | −0.07 |
| ONEQ Fidelity Nasdaq Comp Indx | Reduce -1.3% | 0.57% | −0.06 |
| STXF Strive 500 ETF | Reduce -3.4% | 0.80% | −0.04 |
| STXK Strive Small-Cap ETF | Reduce -0.4% | 0.61% | −0.04 |
| MTD Mettler-Toledo International | Reduce -1.4% | 0.98% | −0.02 |
| DSL Doubleline Income Solutions | Reduce -5.0% | 0.90% | −0.01 |
| GLD SPDR Gold Shares | Reduce -22.2% | 0.17% | −0.01 |
| NEAR iShares SH Dba ETF Usd Inc. | Reduce -1.3% | 0.28% | +0.01 |
| STXV Strive 1000 Value ETF | Reduce -1.1% | 0.52% | +0.03 |
| IDXX Idexx Laboratories Inc. | Reduce -2.4% | 1.26% | +0.03 |
| TOTL SS Doubleline TR Tact ETF | Reduce -4.4% | 3.15% | +0.03 |
| XLV SS Health Care Select Sector | Reduce -5.5% | 1.20% | +0.04 |
| JAAA Janus Henderson Aaa Clo ETF | Reduce -1.9% | 4.60% | +0.06 |
| TDG Transdigm Group Inc. | Reduce -2.2% | 1.28% | +0.12 |
| EXEL Exelixis Inc. | Reduce -4.5% | 1.40% | +0.12 |
| TRV The Travelers Cos Inc. | Reduce -0.9% | 1.43% | +0.16 |
| PGR Progressive Corp. | Reduce -2.8% | 1.41% | +0.22 |
| AZO AutoZone Inc. | Reduce -3.2% | 1.49% | +0.24 |
Portfolio Buys Q4 2024 → Q1 2025
| UBER Uber Technologies Inc. | New | 1.30% | +1.30 |
| CROX Crocs Inc. | New | 1.28% | +1.28 |
| UHS Universal Health Services-B | New | 1.25% | +1.25 |
| COST Costco Wholesale Corp. | New | 1.14% | +1.14 |
| CHRD Chord Energy Corp. | New | 1.10% | +1.10 |
| SHV iShares 0-1 Year Treasury Bo | Add +7.9% | 9.37% | +0.99 |
| EME Emcor Group Inc. | New | 0.97% | +0.97 |
| TTWO Take-Two Interactive Softwre | New | 0.97% | +0.97 |
| DASH DoorDash Inc. Class A | New | 0.97% | +0.97 |
| NFLX Netflix Inc. | New | 0.95% | +0.95 |
| TYL Tyler Technologies Inc. | Add +317.9% | 1.21% | +0.93 |
| AMZN Amazon.com Inc. | New | 0.85% | +0.85 |
| ISRG Intuitive Surgical Inc. | New | 0.81% | +0.81 |
| VSTS Vestis Corp. | New | 0.80% | +0.80 |
| GOOGL Alphabet Inc. Class A | New | 0.74% | +0.74 |
| ORLY O'reilly Automotive Inc. | Add +20.6% | 2.17% | +0.73 |
| META Meta Platforms Inc. Class A | Add +50.7% | 1.94% | +0.67 |
| DIA SS SPDR Dow Jones Indus Avg | Add +26.7% | 2.69% | +0.61 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.60% | +0.60 |
| TEAM Atlassian Corp. Class A | New | 0.55% | +0.55 |
| AXON Axon Enterprise Inc. | New | 0.53% | +0.53 |
| LULU Lululemon Athletica Inc. | New | 0.51% | +0.51 |
| AVGO Broadcom Inc. | New | 0.42% | +0.42 |
| PLTR Palantir Technologies Inc. Class A | New | 0.37% | +0.37 |
| MRVL Marvell Technology Inc. | New | 0.30% | +0.30 |
| MSTR Strategy Inc. | New | 0.27% | +0.27 |
| APP AppLovin Corp. Class A | New | 0.26% | +0.26 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +28.5% | 1.08% | +0.26 |
| REGN Regeneron Pharmaceuticals | Add +25.3% | 1.13% | +0.15 |
| MRK Merck & Co. Inc. | Add +20.1% | 1.30% | +0.14 |
| SFL SFL Corp. Ltd. | New | 0.08% | +0.08 |
| TLT iShares 20+ Year Treasury BD | Add +2.0% | 0.82% | +0.07 |
| VTI VG Morningstar TS MKT ETF-US | Add +9.3% | 0.96% | +0.06 |
| BKNG Booking Holdings Inc. | Add +7.3% | 1.58% | +0.04 |
| FSLR First Solar Inc. | Add +32.2% | 0.95% | −0.02 |
| NVR NVR Inc. | Add +1.6% | 1.10% | −0.08 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 71 | $133.8M | IEF, SHV, BIL, INTC, JAAA |
| Q1 2026 | 70 | $118.0M | IEF, SHV, BIL, JAAA, GOVT |
| Q4 2025 | 74 | $129.3M | IEF, SHV, BIL, JAAA, GOVT |
| Q3 2025 | 72 | $133.7M | IEF, SHV, BIL, JAAA, GOVT |
| Q2 2025 | 71 | $131.1M | SHV, IEF, BIL, JAAA, GOVT |
| Q1 2025 | 72 | $123.8M | SHV, IEF, BIL, JAAA, GOVT |
| Q4 2024 | 66 | $127.9M | IEF, SHV, BIL, JAAA, GOVT |
| Q3 2024 | 67 | $135.6M | SHV, IEF, BIL, STOT, JAAA |
| Q2 2024 | 67 | $131.1M | SHV, BIL, IEF, STOT, GOVT |
| Q1 2024 | 69 | $133.6M | SHV, BIL, IEF, STOT, GOVT |