Paragon Capital Management Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 6, 2025), Paragon Capital Management Inc. reported 71 stock positions worth $131.1 million. Its top holding was iShares 0-1 Year Treasury Bo (SHV) at 8.8% of the portfolio, followed by iShares 7-10 Year Treasury B (IEF, 8.7%) and SS SPDR BB 1-3M T-Bill ETF (BIL, 5.5%). Compared with Q1 2025, it sold out of 1, added to 13 and reduced 54. The biggest buy was VG Morningstar TS MKT ETF-US (VTI, shares +46%) and the biggest sale iShares 0-1 Year Treasury Bo (SHV, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- Provo, UT
- CIK
- 0002038506
- Portfolio Value
- $131.1M (Q2 2025)
- SEC Filing
- 0001085146-25-004569 ↗ filed Aug 6, 2025
Holdings Value
Holdings 71 stocks · $131.1M
| SHV iShares 0-1 Year Treasury Bo | 8.79% | 104,404 | $11.5M | Reduce -0.6% |
| IEF iShares 7-10 Year Treasury B | 8.66% | 118,497 | $11.3M | Add +0.2% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 5.46% | 78,020 | $7.2M | Add +0.1% |
| JAAA Janus Henderson Aaa Clo ETF | 4.33% | 111,919 | $5.7M | Reduce -0.4% |
| GOVT iShares US Treasury Bond ETF | 3.24% | 184,956 | $4.3M | Reduce -0.9% |
| TOTL SS Doubleline TR Tact ETF | 2.95% | 96,295 | $3.9M | Reduce -0.5% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 2.61% | 7,773 | $3.4M | Reduce -2.0% |
| VB Vanguard Most SM-Cap ETF-Usd | 2.44% | 13,483 | $3.2M | Reduce -1.6% |
| MELI MercadoLibre Inc. | 2.34% | 1,172 | $3.1M | Reduce -3.5% |
| META Meta Platforms Inc. Class A | 2.31% | 4,101 | $3.0M | Reduce -1.7% |
| ORLY O'reilly Automotive Inc. | 1.88% | 27,397 | $2.5M | Reduce -2.7% |
| STOT SS DL St Dur TR Tact ETF | 1.88% | 52,038 | $2.5M | Reduce -0.0% |
| BKNG Booking Holdings Inc. | 1.85% | 419 | $2.4M | Reduce -1.6% |
| EXEL Exelixis Inc. | 1.55% | 45,974 | $2.0M | Reduce -2.4% |
| UBER Uber Technologies Inc. | 1.53% | 21,550 | $2.0M | Reduce -2.4% |
| IDXX Idexx Laboratories Inc. | 1.49% | 3,646 | $2.0M | Reduce -2.2% |
| VTI VG Morningstar TS MKT ETF-US | 1.47% | 6,332 | $1.9M | Add +46.2% |
| RPRX Royalty Pharma PLC Class A | 1.41% | 51,407 | $1.9M | Reduce -1.7% |
| LYFT LYFT Inc. Class A | 1.36% | 113,388 | $1.8M | Reduce -1.9% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 1.34% | 128,444 | $1.8M | Reduce -1.6% |
| AZO AutoZone Inc. | 1.34% | 473 | $1.8M | Reduce -2.1% |
| TRV The Travelers Cos Inc. | 1.34% | 6,549 | $1.8M | Reduce -2.1% |
| DINO HF Sinclair Corp. | 1.32% | 42,227 | $1.7M | Reduce -0.7% |
| EME Emcor Group Inc. | 1.30% | 3,189 | $1.7M | Reduce -1.8% |
| TDG Transdigm Group Inc. | 1.30% | 1,118 | $1.7M | Reduce -2.3% |
| NFLX Netflix Inc. | 1.27% | 1,240 | $1.7M | Reduce -2.0% |
| PGR Progressive Corp. | 1.23% | 6,049 | $1.6M | Reduce -1.9% |
| DASH DoorDash Inc. Class A | 1.21% | 6,408 | $1.6M | Reduce -2.0% |
| VLO Valero Energy Corp. | 1.17% | 11,393 | $1.5M | Reduce -0.5% |
| FSLR First Solar Inc. | 1.17% | 9,232 | $1.5M | Reduce -0.8% |
| TYL Tyler Technologies Inc. | 1.14% | 2,524 | $1.5M | Reduce -1.9% |
| CROX Crocs Inc. | 1.14% | 14,717 | $1.5M | Reduce -1.1% |
| EEFT Euronet Worldwide Inc. | 1.13% | 14,633 | $1.5M | Reduce -1.6% |
| GAP The Gap Inc. | 1.13% | 67,897 | $1.5M | Reduce -1.7% |
| UHS Universal Health Services-B | 1.12% | 8,133 | $1.5M | Reduce -1.6% |
| COST Costco Wholesale Corp. | 1.11% | 1,467 | $1.5M | Reduce -1.7% |
| MRK Merck & Co. Inc. | 1.08% | 17,863 | $1.4M | Reduce -0.7% |
| TTWO Take-Two Interactive Softwre | 1.06% | 5,698 | $1.4M | Reduce -1.5% |
| XLV SS Health Care Select Sector | 1.04% | 10,148 | $1.4M | Reduce -0.3% |
| NVR NVR Inc. | 1.04% | 185 | $1.4M | Reduce -1.6% |
| MTD Mettler-Toledo International | 0.93% | 1,035 | $1.2M | Add +1.2% |
| AMZN Amazon.com Inc. | 0.93% | 5,539 | $1.2M | Reduce -0.1% |
| DXC DXC Technology Co. | 0.92% | 79,002 | $1.2M | Reduce -0.6% |
| CHRD Chord Energy Corp. | 0.89% | 12,021 | $1.2M | Reduce -0.5% |
| REGN Regeneron Pharmaceuticals | 0.88% | 2,206 | $1.2M | Reduce -0.2% |
| STXF Strive 500 ETF | 0.85% | 27,723 | $1.1M | Add +0.8% |
| ISRG Intuitive Surgical Inc. | 0.83% | 2,002 | $1.1M | Reduce -1.7% |
| DSL Doubleline Income Solutions | 0.82% | 88,344 | $1.1M | Reduce -0.3% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.80% | 2,056 | $1.0M | Reduce -1.7% |
| GOOGL Alphabet Inc. Class A | 0.78% | 5,824 | $1.0M | Reduce -1.1% |
| AXON Axon Enterprise Inc. | 0.78% | 1,238 | $1.0M | Reduce -1.7% |
| TLT iShares 20+ Year Treasury BD | 0.75% | 11,151 | $984K | Add +0.6% |
| AVGO Broadcom Inc. | 0.65% | 3,086 | $851K | Reduce -1.7% |
| STXK Strive Small-Cap ETF | 0.64% | 27,571 | $837K | Add +5.4% |
| ONEQ Fidelity Nasdaq Comp Indx | 0.64% | 10,437 | $836K | Add +0.2% |
| PLTR Palantir Technologies Inc. Class A | 0.56% | 5,394 | $735K | Reduce -1.6% |
| STXV Strive 1000 Value ETF | 0.51% | 21,733 | $670K | Add +2.3% |
| TEAM Atlassian Corp. Class A | 0.50% | 3,244 | $659K | Add +0.5% |
| VSTS Vestis Corp. | 0.45% | 102,908 | $590K | Add +2.2% |
| LULU Lululemon Athletica Inc. | 0.41% | 2,245 | $533K | Add +0.9% |
| TSLA Tesla Inc. | 0.41% | 1,679 | $533K | Reduce -1.7% |
| MRVL Marvell Technology Inc. | 0.35% | 5,964 | $462K | Reduce -1.1% |
| MSTR Strategy Inc. filed as MICROSTRATEGY INC | 0.35% | 1,141 | $461K | Reduce -1.6% |
| RC Ready Capital Corp. | 0.34% | 102,104 | $446K | No change |
| T AT&T Inc. | 0.32% | 14,500 | $420K | Reduce -3.3% |
| APP AppLovin Corp. Class A | 0.32% | 1,189 | $416K | Reduce -1.3% |
| STXE Strive Em Markets Ex-China | 0.29% | 12,251 | $380K | Reduce -1.3% |
| NEAR iShares SH Dba ETF Usd Inc. | 0.26% | 6,763 | $346K | No change |
| GLD SPDR Gold Shares | 0.17% | 734 | $224K | Add +1.4% |
| SFL SFL Corp. Ltd. | 0.07% | 11,500 | $96K | No change |
| AG First Majestic Silver Corp. | 0.06% | 10,000 | $83K | No change |
Portfolio Sells Q1 2025 → Q2 2025
| SHV iShares 0-1 Year Treasury Bo | Reduce -0.6% | 8.79% | −0.58 |
| ORLY O'reilly Automotive Inc. | Reduce -2.7% | 1.88% | −0.29 |
| JAAA Janus Henderson Aaa Clo ETF | Reduce -0.4% | 4.33% | −0.27 |
| REGN Regeneron Pharmaceuticals | Reduce -0.2% | 0.88% | −0.25 |
| MRK Merck & Co. Inc. | Reduce -0.7% | 1.08% | −0.23 |
| GOVT iShares US Treasury Bond ETF | Reduce -0.9% | 3.24% | −0.22 |
| CHRD Chord Energy Corp. | Reduce -0.5% | 0.89% | −0.21 |
| TOTL SS Doubleline TR Tact ETF | Reduce -0.5% | 2.95% | −0.20 |
| PGR Progressive Corp. | Reduce -1.9% | 1.23% | −0.18 |
| DXC DXC Technology Co. | Reduce -0.6% | 0.92% | −0.17 |
| XLP SS Consumer Staples Sel Sect | Sold out | 0.00% | −0.16 |
| XLV SS Health Care Select Sector | Reduce -0.3% | 1.04% | −0.16 |
| EEFT Euronet Worldwide Inc. | Reduce -1.6% | 1.13% | −0.15 |
| AZO AutoZone Inc. | Reduce -2.1% | 1.34% | −0.15 |
| CROX Crocs Inc. | Reduce -1.1% | 1.14% | −0.14 |
| UHS Universal Health Services-B | Reduce -1.6% | 1.12% | −0.13 |
| STOT SS DL St Dur TR Tact ETF | Reduce -0.0% | 1.88% | −0.11 |
| TRV The Travelers Cos Inc. | Reduce -2.1% | 1.34% | −0.09 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -2.0% | 2.61% | −0.08 |
| DSL Doubleline Income Solutions | Reduce -0.3% | 0.82% | −0.08 |
| TYL Tyler Technologies Inc. | Reduce -1.9% | 1.14% | −0.07 |
| NVR NVR Inc. | Reduce -1.6% | 1.04% | −0.06 |
| VLO Valero Energy Corp. | Reduce -0.5% | 1.17% | −0.05 |
| COST Costco Wholesale Corp. | Reduce -1.7% | 1.11% | −0.03 |
| T AT&T Inc. | Reduce -3.3% | 0.32% | −0.02 |
| GAP The Gap Inc. | Reduce -1.7% | 1.13% | −0.02 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -1.6% | 2.44% | −0.02 |
| ISRG Intuitive Surgical Inc. | Reduce -1.7% | 0.83% | +0.02 |
| STXE Strive Em Markets Ex-China | Reduce -1.3% | 0.29% | +0.02 |
| TDG Transdigm Group Inc. | Reduce -2.3% | 1.30% | +0.02 |
| GOOGL Alphabet Inc. Class A | Reduce -1.1% | 0.78% | +0.05 |
| TSLA Tesla Inc. | Reduce -1.7% | 0.41% | +0.05 |
| MRVL Marvell Technology Inc. | Reduce -1.1% | 0.35% | +0.05 |
| APP AppLovin Corp. Class A | Reduce -1.3% | 0.32% | +0.06 |
| AMZN Amazon.com Inc. | Reduce -0.1% | 0.93% | +0.07 |
| MSTR Strategy Inc. | Reduce -1.6% | 0.35% | +0.08 |
| TTWO Take-Two Interactive Softwre | Reduce -1.5% | 1.06% | +0.09 |
| RPRX Royalty Pharma PLC Class A | Reduce -1.7% | 1.41% | +0.10 |
| EXEL Exelixis Inc. | Reduce -2.4% | 1.55% | +0.14 |
| PLTR Palantir Technologies Inc. Class A | Reduce -1.6% | 0.56% | +0.19 |
| DINO HF Sinclair Corp. | Reduce -0.7% | 1.32% | +0.19 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -1.7% | 0.80% | +0.20 |
| FSLR First Solar Inc. | Reduce -0.8% | 1.17% | +0.22 |
| AVGO Broadcom Inc. | Reduce -1.7% | 0.65% | +0.22 |
| IDXX Idexx Laboratories Inc. | Reduce -2.2% | 1.49% | +0.23 |
| UBER Uber Technologies Inc. | Reduce -2.4% | 1.53% | +0.23 |
| DASH DoorDash Inc. Class A | Reduce -2.0% | 1.21% | +0.24 |
| AXON Axon Enterprise Inc. | Reduce -1.7% | 0.78% | +0.25 |
| LYFT LYFT Inc. Class A | Reduce -1.9% | 1.36% | +0.25 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -1.6% | 1.34% | +0.27 |
Portfolio Buys Q1 2025 → Q2 2025
| VTI VG Morningstar TS MKT ETF-US | Add +46.2% | 1.47% | +0.51 |
| ONEQ Fidelity Nasdaq Comp Indx | Add +0.2% | 0.64% | +0.07 |
| STXF Strive 500 ETF | Add +0.8% | 0.85% | +0.05 |
| STXK Strive Small-Cap ETF | Add +5.4% | 0.64% | +0.03 |
| GLD SPDR Gold Shares | Add +1.4% | 0.17% | +0.00 |
| STXV Strive 1000 Value ETF | Add +2.3% | 0.51% | −0.01 |
| MTD Mettler-Toledo International | Add +1.2% | 0.93% | −0.05 |
| TEAM Atlassian Corp. Class A | Add +0.5% | 0.50% | −0.05 |
| TLT iShares 20+ Year Treasury BD | Add +0.6% | 0.75% | −0.06 |
| LULU Lululemon Athletica Inc. | Add +0.9% | 0.41% | −0.10 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +0.1% | 5.46% | −0.31 |
| VSTS Vestis Corp. | Add +2.2% | 0.45% | −0.35 |
| IEF iShares 7-10 Year Treasury B | Add +0.2% | 8.66% | −0.45 |
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 |