Paragon Capital Management Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 15, 2025), Paragon Capital Management Inc. reported 72 stock positions worth $133.7 million. Its top holding was iShares 7-10 Year Treasury B (IEF) at 8.7% of the portfolio, followed by iShares 0-1 Year Treasury Bo (SHV, 8.4%) and SS SPDR BB 1-3M T-Bill ETF (BIL, 5.8%). Compared with Q2 2025, it opened 1 new position, added to 13 and reduced 53. The biggest buy was SS SPDR BB 1-3M T-Bill ETF (BIL, shares +8%) and the biggest sale VG Morningstar TS MKT ETF-US (VTI, shares −32%).
- Most Recent 13F
- Q2 2026
- Location
- Provo, UT
- CIK
- 0002038506
- Portfolio Value
- $133.7M (Q3 2025)
- SEC Filing
- 0002038506-25-000002 ↗ filed Oct 15, 2025
Holdings Value
Holdings 72 stocks · $133.7M
| IEF iShares 7-10 Year Treasury B | 8.74% | 121,038 | $11.7M | Add +2.1% |
| SHV iShares 0-1 Year Treasury Bo | 8.40% | 101,616 | $11.2M | Reduce -2.7% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 5.78% | 84,133 | $7.7M | Add +7.8% |
| JAAA Janus Henderson Aaa Clo ETF | 4.45% | 117,140 | $5.9M | Add +4.7% |
| GOVT iShares US Treasury Bond ETF | 3.30% | 190,857 | $4.4M | Add +3.2% |
| TOTL SS Doubleline TR Tact ETF | 2.99% | 98,560 | $4.0M | Add +2.4% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 2.56% | 7,375 | $3.4M | Reduce -5.1% |
| VB Vanguard Most SM-Cap ETF-Usd | 2.45% | 12,889 | $3.3M | Reduce -4.4% |
| META Meta Platforms Inc. Class A | 2.17% | 3,953 | $2.9M | Reduce -3.6% |
| ORLY O'reilly Automotive Inc. | 2.15% | 26,622 | $2.9M | Reduce -2.8% |
| MELI MercadoLibre Inc. | 1.95% | 1,118 | $2.6M | Reduce -4.6% |
| STOT SS DL St Dur TR Tact ETF | 1.92% | 54,185 | $2.6M | Add +4.1% |
| LYFT LYFT Inc. Class A | 1.76% | 106,894 | $2.4M | Reduce -5.7% |
| IDXX Idexx Laboratories Inc. | 1.66% | 3,467 | $2.2M | Reduce -4.9% |
| BKNG Booking Holdings Inc. | 1.66% | 410 | $2.2M | Reduce -2.1% |
| DINO HF Sinclair Corp. | 1.58% | 40,319 | $2.1M | Reduce -4.5% |
| UBER Uber Technologies Inc. | 1.51% | 20,578 | $2.0M | Reduce -4.5% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 1.47% | 122,976 | $2.0M | Reduce -4.3% |
| AZO AutoZone Inc. | 1.47% | 458 | $2.0M | Reduce -3.2% |
| EME Emcor Group Inc. | 1.46% | 3,012 | $2.0M | Reduce -5.5% |
| FSLR First Solar Inc. | 1.46% | 8,827 | $1.9M | Reduce -4.4% |
| VLO Valero Energy Corp. | 1.39% | 10,948 | $1.9M | Reduce -3.9% |
| EXEL Exelixis Inc. | 1.36% | 44,035 | $1.8M | Reduce -4.2% |
| TRV The Travelers Cos Inc. | 1.32% | 6,296 | $1.8M | Reduce -3.9% |
| RPRX Royalty Pharma PLC Class A | 1.30% | 49,287 | $1.7M | Reduce -4.1% |
| DASH DoorDash Inc. Class A | 1.26% | 6,201 | $1.7M | Reduce -3.2% |
| UHS Universal Health Services-B | 1.20% | 7,843 | $1.6M | Reduce -3.6% |
| XLV SS Health Care Select Sector | 1.09% | 10,501 | $1.5M | Add +3.5% |
| MRK Merck & Co. Inc. | 1.08% | 17,209 | $1.4M | Reduce -3.7% |
| PGR Progressive Corp. | 1.08% | 5,834 | $1.4M | Reduce -3.5% |
| NVR NVR Inc. | 1.08% | 179 | $1.4M | Reduce -3.2% |
| NFLX Netflix Inc. | 1.07% | 1,197 | $1.4M | Reduce -3.5% |
| TTWO Take-Two Interactive Softwre | 1.07% | 5,547 | $1.4M | Reduce -2.6% |
| TDG Transdigm Group Inc. | 1.07% | 1,087 | $1.4M | Reduce -2.8% |
| VTI VG Morningstar TS MKT ETF-US | 1.06% | 4,332 | $1.4M | Reduce -31.6% |
| GAP The Gap Inc. | 1.05% | 65,392 | $1.4M | Reduce -3.7% |
| GOOGL Alphabet Inc. Class A | 1.03% | 5,690 | $1.4M | Reduce -2.3% |
| COST Costco Wholesale Corp. | 1.00% | 1,438 | $1.3M | Reduce -2.0% |
| TYL Tyler Technologies Inc. | 0.97% | 2,467 | $1.3M | Reduce -2.3% |
| EEFT Euronet Worldwide Inc. | 0.93% | 14,145 | $1.2M | Reduce -3.3% |
| MTD Mettler-Toledo International | 0.92% | 1,002 | $1.2M | Reduce -3.2% |
| REGN Regeneron Pharmaceuticals | 0.91% | 2,159 | $1.2M | Reduce -2.1% |
| AMZN Amazon.com Inc. | 0.89% | 5,438 | $1.2M | Reduce -1.8% |
| CROX Crocs Inc. | 0.89% | 14,263 | $1.2M | Reduce -3.1% |
| STXF Strive 500 ETF | 0.88% | 27,199 | $1.2M | Reduce -1.9% |
| CHRD Chord Energy Corp. | 0.87% | 11,647 | $1.2M | Reduce -3.1% |
| DSL Doubleline Income Solutions | 0.83% | 90,154 | $1.1M | Add +2.0% |
| TLT iShares 20+ Year Treasury BD | 0.80% | 11,944 | $1.1M | Add +7.1% |
| DXC DXC Technology Co. | 0.78% | 76,459 | $1.0M | Reduce -3.2% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.74% | 2,015 | $988K | Reduce -2.0% |
| AVGO Broadcom Inc. | 0.74% | 2,995 | $988K | Reduce -3.0% |
| PLTR Palantir Technologies Inc. Class A | 0.71% | 5,230 | $954K | Reduce -3.0% |
| STXK Strive Small-Cap ETF | 0.71% | 28,672 | $950K | Add +4.0% |
| ONEQ Fidelity Nasdaq Comp Indx | 0.68% | 10,126 | $903K | Reduce -3.0% |
| ISRG Intuitive Surgical Inc. | 0.66% | 1,978 | $885K | Reduce -1.2% |
| AXON Axon Enterprise Inc. | 0.65% | 1,214 | $871K | Reduce -1.9% |
| APP AppLovin Corp. Class A | 0.62% | 1,160 | $834K | Reduce -2.4% |
| TSLA Tesla Inc. | 0.55% | 1,641 | $730K | Reduce -2.3% |
| STXV Strive 1000 Value ETF | 0.54% | 22,299 | $721K | Add +2.6% |
| TEAM Atlassian Corp. Class A | 0.38% | 3,211 | $513K | Reduce -1.0% |
| MRVL Marvell Technology Inc. | 0.37% | 5,883 | $495K | Reduce -1.4% |
| VSTS Vestis Corp. | 0.35% | 102,572 | $465K | Reduce -0.3% |
| STXE Strive Em Markets Ex-China | 0.31% | 12,603 | $414K | Add +2.9% |
| T AT&T Inc. | 0.31% | 14,500 | $409K | No change |
| LULU Lululemon Athletica Inc. | 0.30% | 2,248 | $400K | Add +0.1% |
| RC Ready Capital Corp. | 0.30% | 102,104 | $395K | No change |
| MSTR Strategy Inc. | 0.27% | 1,110 | $358K | Reduce -2.7% |
| NEAR iShares SH Dba ETF Usd Inc. | 0.22% | 5,647 | $290K | Reduce -16.5% |
| GLD SPDR Gold Shares | 0.20% | 734 | $261K | No change |
| INTC Intel Corp. | 0.19% | 7,413 | $249K | New |
| AG First Majestic Silver Corp. | 0.09% | 10,000 | $123K | No change |
| SFL SFL Corp. Ltd. | 0.06% | 11,500 | $87K | No change |
Portfolio Sells Q2 2025 → Q3 2025
| VTI VG Morningstar TS MKT ETF-US | Reduce -31.6% | 1.06% | −0.40 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -2.7% | 8.40% | −0.39 |
| MELI MercadoLibre Inc. | Reduce -4.6% | 1.95% | −0.38 |
| CROX Crocs Inc. | Reduce -3.1% | 0.89% | −0.25 |
| TDG Transdigm Group Inc. | Reduce -2.8% | 1.07% | −0.23 |
| EEFT Euronet Worldwide Inc. | Reduce -3.3% | 0.93% | −0.20 |
| BKNG Booking Holdings Inc. | Reduce -2.1% | 1.66% | −0.19 |
| NFLX Netflix Inc. | Reduce -3.5% | 1.07% | −0.19 |
| EXEL Exelixis Inc. | Reduce -4.2% | 1.36% | −0.19 |
| TYL Tyler Technologies Inc. | Reduce -2.3% | 0.97% | −0.18 |
| ISRG Intuitive Surgical Inc. | Reduce -1.2% | 0.66% | −0.17 |
| PGR Progressive Corp. | Reduce -3.5% | 1.08% | −0.15 |
| DXC DXC Technology Co. | Reduce -3.2% | 0.78% | −0.14 |
| META Meta Platforms Inc. Class A | Reduce -3.6% | 2.17% | −0.14 |
| AXON Axon Enterprise Inc. | Reduce -1.9% | 0.65% | −0.13 |
| TEAM Atlassian Corp. Class A | Reduce -1.0% | 0.38% | −0.12 |
| COST Costco Wholesale Corp. | Reduce -2.0% | 1.00% | −0.11 |
| RPRX Royalty Pharma PLC Class A | Reduce -4.1% | 1.30% | −0.11 |
| VSTS Vestis Corp. | Reduce -0.3% | 0.35% | −0.10 |
| MSTR Strategy Inc. | Reduce -2.7% | 0.27% | −0.08 |
| GAP The Gap Inc. | Reduce -3.7% | 1.05% | −0.08 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -2.0% | 0.74% | −0.06 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -5.1% | 2.56% | −0.05 |
| NEAR iShares SH Dba ETF Usd Inc. | Reduce -16.5% | 0.22% | −0.05 |
| AMZN Amazon.com Inc. | Reduce -1.8% | 0.89% | −0.03 |
| UBER Uber Technologies Inc. | Reduce -4.5% | 1.51% | −0.03 |
| CHRD Chord Energy Corp. | Reduce -3.1% | 0.87% | −0.02 |
| TRV The Travelers Cos Inc. | Reduce -3.9% | 1.32% | −0.02 |
| MTD Mettler-Toledo International | Reduce -3.2% | 0.92% | −0.01 |
| MRK Merck & Co. Inc. | Reduce -3.7% | 1.08% | +0.00 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -4.4% | 2.45% | +0.01 |
| TTWO Take-Two Interactive Softwre | Reduce -2.6% | 1.07% | +0.02 |
| MRVL Marvell Technology Inc. | Reduce -1.4% | 0.37% | +0.02 |
| REGN Regeneron Pharmaceuticals | Reduce -2.1% | 0.91% | +0.02 |
| STXF Strive 500 ETF | Reduce -1.9% | 0.88% | +0.03 |
| NVR NVR Inc. | Reduce -3.2% | 1.08% | +0.03 |
| ONEQ Fidelity Nasdaq Comp Indx | Reduce -3.0% | 0.68% | +0.04 |
| DASH DoorDash Inc. Class A | Reduce -3.2% | 1.26% | +0.06 |
| UHS Universal Health Services-B | Reduce -3.6% | 1.20% | +0.08 |
| AVGO Broadcom Inc. | Reduce -3.0% | 0.74% | +0.09 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -4.3% | 1.47% | +0.13 |
| AZO AutoZone Inc. | Reduce -3.2% | 1.47% | +0.13 |
| TSLA Tesla Inc. | Reduce -2.3% | 0.55% | +0.14 |
| PLTR Palantir Technologies Inc. Class A | Reduce -3.0% | 0.71% | +0.15 |
| EME Emcor Group Inc. | Reduce -5.5% | 1.46% | +0.16 |
| IDXX Idexx Laboratories Inc. | Reduce -4.9% | 1.66% | +0.17 |
| VLO Valero Energy Corp. | Reduce -3.9% | 1.39% | +0.23 |
| GOOGL Alphabet Inc. Class A | Reduce -2.3% | 1.03% | +0.25 |
| DINO HF Sinclair Corp. | Reduce -4.5% | 1.58% | +0.26 |
| ORLY O'reilly Automotive Inc. | Reduce -2.8% | 2.15% | +0.26 |
Portfolio Buys Q2 2025 → Q3 2025
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +7.8% | 5.78% | +0.32 |
| INTC Intel Corp. | New | 0.19% | +0.19 |
| JAAA Janus Henderson Aaa Clo ETF | Add +4.7% | 4.45% | +0.12 |
| IEF iShares 7-10 Year Treasury B | Add +2.1% | 8.74% | +0.08 |
| STXK Strive Small-Cap ETF | Add +4.0% | 0.71% | +0.07 |
| GOVT iShares US Treasury Bond ETF | Add +3.2% | 3.30% | +0.06 |
| XLV SS Health Care Select Sector | Add +3.5% | 1.09% | +0.05 |
| TLT iShares 20+ Year Treasury BD | Add +7.1% | 0.80% | +0.05 |
| TOTL SS Doubleline TR Tact ETF | Add +2.4% | 2.99% | +0.05 |
| STOT SS DL St Dur TR Tact ETF | Add +4.1% | 1.92% | +0.04 |
| STXV Strive 1000 Value ETF | Add +2.6% | 0.54% | +0.03 |
| STXE Strive Em Markets Ex-China | Add +2.9% | 0.31% | +0.02 |
| DSL Doubleline Income Solutions | Add +2.0% | 0.83% | +0.00 |
| LULU Lululemon Athletica Inc. | Add +0.1% | 0.30% | −0.11 |
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 |