Paragon Capital Management LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 5, 2025), Paragon Capital Management LLC reported 50 stock positions worth $174.8 million. Its top holding was Apple (AAPL) at 11.2% of the portfolio, followed by iShares Russell 1000 ETF (IWB, 10.6%) and Costco Wholesale (COST, 10.1%). Compared with Q4 2024, it opened 1 new position, sold out of 4, added to 3 and reduced 40. The biggest buy was a new position in SS SPDR S&P 500 ETF Trust-US (SPY) and the biggest sale Apple (AAPL, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- OVERLAND PARK, KS
- CIK
- 0001388437
- Portfolio Value
- $174.8M (Q1 2025)
- SEC Filing
- 0001085146-25-002605 ↗ filed May 5, 2025
Holdings Value
Holdings 50 stocks · $174.8M
| AAPL Apple Inc. | 11.16% | 87,833 | $19.5M | Reduce -3.4% |
| IWB iShares Russell 1000 ETF | 10.56% | 60,189 | $18.5M | Reduce -6.0% |
| COST Costco Wholesale Corp. | 10.13% | 18,723 | $17.7M | Reduce -4.0% |
| MSFT Microsoft Corp. | 8.97% | 41,761 | $15.7M | Reduce -4.7% |
| CASY Casey's General Stores Inc. | 6.43% | 25,883 | $11.2M | Reduce -3.1% |
| AMZN Amazon.com Inc. | 5.04% | 46,292 | $8.8M | Reduce -3.4% |
| COP Conocophillips | 4.64% | 77,230 | $8.1M | Reduce -1.2% |
| MCD McDonald's Corp. | 4.55% | 25,478 | $8.0M | Reduce -2.8% |
| CSCO Cisco Systems Inc. | 3.56% | 100,914 | $6.2M | Reduce -2.8% |
| J Jacobs Solutions Inc. | 3.24% | 46,805 | $5.7M | Reduce -4.5% |
| FDX FedEx Corp. | 3.18% | 22,769 | $5.6M | Reduce -2.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 3.07% | 44,086 | $5.4M | Reduce -3.7% |
| JNJ Johnson & Johnson | 2.89% | 30,434 | $5.0M | Reduce -2.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 2.48% | 17,398 | $4.3M | Reduce -4.0% |
| NKE Nike Inc. Class B | 2.09% | 57,557 | $3.7M | Reduce -2.9% |
| V Visa Inc. Class A | 1.87% | 9,345 | $3.3M | Reduce -3.0% |
| CBSH Commerce Bancshares Inc. | 1.45% | 40,623 | $2.5M | Reduce -0.1% |
| GOOG Alphabet Inc. Class C | 1.17% | 13,106 | $2.0M | Reduce -3.1% |
| IWM iShares Russell 2000 ETF | 0.99% | 8,698 | $1.7M | Reduce -4.4% |
| PSX Phillips 66 | 0.92% | 12,989 | $1.6M | Reduce -2.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.90% | 2,944 | $1.6M | No change |
| INTC Intel Corp. | 0.80% | 61,407 | $1.4M | Reduce -7.4% |
| UMBF Umb Financial Corp. | 0.77% | 13,263 | $1.3M | No change |
| CVX Chevron Corp. | 0.76% | 7,980 | $1.3M | Reduce -5.6% |
| DVN Devon Energy Corp. | 0.73% | 34,254 | $1.3M | Reduce -2.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.66% | 27,765 | $1.2M | Reduce -4.0% |
| BMY Bristol-Myers Squibb Co. | 0.63% | 17,994 | $1.1M | Reduce -6.5% |
| KVUE Kenvue Inc. | 0.59% | 43,362 | $1.0M | Reduce -4.3% |
| C Citigroup Inc. | 0.58% | 14,373 | $1.0M | Reduce -4.5% |
| XOP SS SPDR S&P Og Exp & Prod | 0.51% | 6,758 | $890K | Reduce -5.2% |
| AMTM Amentum Holdings Inc. | 0.50% | 48,072 | $875K | Reduce -4.0% |
| XOM Exxon Mobil Corp. | 0.46% | 6,703 | $797K | Reduce -17.4% |
| GSEW Goldman Sachs Eql WGHT Large | 0.37% | 8,478 | $645K | Reduce -2.0% |
| WMT Walmart Inc. | 0.34% | 6,726 | $590K | Reduce -7.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.29% | 920 | $515K | New |
| VB Vanguard Most SM-Cap ETF-Usd | 0.25% | 1,988 | $441K | Reduce -1.8% |
| HD Home Depot Inc. | 0.22% | 1,041 | $382K | Reduce -8.9% |
| RTX RTX Corp. | 0.22% | 2,861 | $379K | Reduce -2.2% |
| PG The Procter & Gamble Co. | 0.21% | 2,205 | $376K | Reduce -6.9% |
| SHEL Shell PLC-ADR | 0.21% | 4,906 | $360K | Reduce -6.2% |
| NVDA Nvidia Corp. | 0.19% | 3,017 | $327K | Add +21.8% |
| XLK SS Technology Select Sector | 0.18% | 1,502 | $310K | Add +0.3% |
| MDY State Street SPDR S&P Midcap | 0.17% | 570 | $304K | No change |
| T AT&T Inc. | 0.17% | 10,500 | $297K | No change |
| IJR iShares Core S&P Small-Cap E | 0.16% | 2,703 | $283K | Reduce -5.5% |
| JPM JPMorgan Chase & Co. | 0.16% | 1,150 | $282K | Reduce -22.0% |
| XEL Xcel Energy Inc. | 0.16% | 3,931 | $278K | No change |
| LOW Lowe's Cos Inc. | 0.14% | 1,071 | $250K | No change |
| FNDA Schwab Fndmntl US SM Co. ETF | 0.14% | 8,786 | $241K | Add +0.2% |
| CP Canadian Pacific Kansas City | 0.12% | 3,074 | $216K | Reduce -10.0% |
Portfolio Sells Q4 2024 → Q1 2025
| AAPL Apple Inc. | Reduce -3.4% | 11.16% | −1.04 |
| MSFT Microsoft Corp. | Reduce -4.7% | 8.97% | −0.93 |
| AMZN Amazon.com Inc. | Reduce -3.4% | 5.04% | −0.59 |
| IWB iShares Russell 1000 ETF | Reduce -6.0% | 10.56% | −0.49 |
| FDX FedEx Corp. | Reduce -2.7% | 3.18% | −0.35 |
| NKE Nike Inc. Class B | Reduce -2.9% | 2.09% | −0.31 |
| J Jacobs Solutions Inc. | Reduce -4.5% | 3.24% | −0.27 |
| GOOG Alphabet Inc. Class C | Reduce -3.1% | 1.17% | −0.21 |
| AVGO Broadcom Inc. | Sold out | 0.00% | −0.12 |
| ABBV Abbvie Inc. | Sold out | 0.00% | −0.12 |
| ORCL Oracle Corp. | Sold out | 0.00% | −0.12 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.11 |
| IWM iShares Russell 2000 ETF | Reduce -4.4% | 0.99% | −0.08 |
| AMTM Amentum Holdings Inc. | Reduce -4.0% | 0.50% | −0.06 |
| JPM JPMorgan Chase & Co. | Reduce -22.0% | 0.16% | −0.03 |
| HD Home Depot Inc. | Reduce -8.9% | 0.22% | −0.02 |
| BAC Bank of America Corp. | Reduce -4.0% | 0.66% | −0.02 |
| IJR iShares Core S&P Small-Cap E | Reduce -5.5% | 0.16% | −0.01 |
| WMT Walmart Inc. | Reduce -7.2% | 0.34% | −0.01 |
| XOM Exxon Mobil Corp. | Reduce -17.4% | 0.46% | −0.01 |
| CP Canadian Pacific Kansas City | Reduce -10.0% | 0.12% | −0.01 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -1.8% | 0.25% | −0.01 |
| PG The Procter & Gamble Co. | Reduce -6.9% | 0.21% | +0.00 |
| XOP SS SPDR S&P Og Exp & Prod | Reduce -5.2% | 0.51% | +0.00 |
| GSEW Goldman Sachs Eql WGHT Large | Reduce -2.0% | 0.37% | +0.01 |
| C Citigroup Inc. | Reduce -4.5% | 0.58% | +0.02 |
| SHEL Shell PLC-ADR | Reduce -6.2% | 0.21% | +0.03 |
| RTX RTX Corp. | Reduce -2.2% | 0.22% | +0.04 |
| BMY Bristol-Myers Squibb Co. | Reduce -6.5% | 0.63% | +0.04 |
| KVUE Kenvue Inc. | Reduce -4.3% | 0.59% | +0.08 |
| INTC Intel Corp. | Reduce -7.4% | 0.80% | +0.09 |
| CBSH Commerce Bancshares Inc. | Reduce -0.1% | 1.45% | +0.09 |
| TJX TJX Companies Inc. | Reduce -3.7% | 3.07% | +0.11 |
| CVX Chevron Corp. | Reduce -5.6% | 0.76% | +0.11 |
| PSX Phillips 66 | Reduce -2.1% | 0.92% | +0.11 |
| DVN Devon Energy Corp. | Reduce -2.2% | 0.73% | +0.12 |
| V Visa Inc. Class A | Reduce -3.0% | 1.87% | +0.24 |
| CSCO Cisco Systems Inc. | Reduce -2.8% | 3.56% | +0.27 |
| IBM Intl Business Machines Corp. | Reduce -4.0% | 2.48% | +0.34 |
| JNJ Johnson & Johnson | Reduce -2.4% | 2.89% | +0.47 |
| MCD McDonald's Corp. | Reduce -2.8% | 4.55% | +0.48 |
| COP Conocophillips | Reduce -1.2% | 4.64% | +0.49 |
| COST Costco Wholesale Corp. | Reduce -4.0% | 10.13% | +0.56 |
| CASY Casey's General Stores Inc. | Reduce -3.1% | 6.43% | +0.76 |
Portfolio Buys Q4 2024 → Q1 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 60 | $216.1M | AAPL, IWB, CASY, MSFT, COST |
| Q1 2026 | 57 | $202.0M | AAPL, IWB, CASY, COST, MSFT |
| Q4 2025 | 59 | $197.4M | AAPL, IWB, MSFT, COST, CASY |
| Q3 2025 | 58 | $207.1M | AAPL, IWB, MSFT, COST, CASY |
| Q2 2025 | 58 | $194.7M | MSFT, IWB, AAPL, COST, CASY |
| Q1 2025 | 50 | $174.8M | AAPL, IWB, COST, MSFT, CASY |
| Q4 2024 | 53 | $186.6M | AAPL, IWB, MSFT, COST, CASY |
| Q3 2024 | 60 | $193.3M | AAPL, IWB, MSFT, COST, CASY |
| Q2 2024 | 52 | $185.3M | MSFT, AAPL, IWB, COST, CASY |
| Q1 2024 | 53 | $185.6M | MSFT, IWB, AAPL, COST, COP |