Paragon Capital Management LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 8, 2025), Paragon Capital Management LLC reported 58 stock positions worth $194.7 million. Its top holding was Microsoft (MSFT) at 10.5% of the portfolio, followed by iShares Russell 1000 ETF (IWB, 10.4%) and Apple (AAPL, 9.1%). Compared with Q1 2025, it opened 9 new positions, sold out of 1, added to 17 and reduced 27. The biggest buy was Walmart (WMT, shares +397%) and the biggest sale Apple (AAPL, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- OVERLAND PARK, KS
- CIK
- 0001388437
- Portfolio Value
- $194.7M (Q2 2025)
- SEC Filing
- 0001085146-25-004754 ↗ filed Aug 8, 2025
Holdings Value
Holdings 58 stocks · $194.7M
| MSFT Microsoft Corp. | 10.47% | 40,986 | $20.4M | Reduce -1.9% |
| IWB iShares Russell 1000 ETF | 10.36% | 59,397 | $20.2M | Reduce -1.3% |
| AAPL Apple Inc. | 9.12% | 86,540 | $17.8M | Reduce -1.5% |
| COST Costco Wholesale Corp. | 8.62% | 16,953 | $16.8M | Reduce -9.4% |
| CASY Casey's General Stores Inc. | 6.54% | 24,957 | $12.7M | Reduce -3.6% |
| AMZN Amazon.com Inc. | 5.12% | 45,439 | $10.0M | Reduce -1.8% |
| MCD McDonald's Corp. | 3.76% | 25,036 | $7.3M | Reduce -1.7% |
| COP Conocophillips | 3.48% | 75,547 | $6.8M | Reduce -2.2% |
| CSCO Cisco Systems Inc. | 3.36% | 94,374 | $6.5M | Reduce -6.5% |
| J Jacobs Solutions Inc. | 3.05% | 45,156 | $5.9M | Reduce -3.5% |
| JNJ Johnson & Johnson | 2.73% | 34,807 | $5.3M | Add +14.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 2.71% | 42,741 | $5.3M | Reduce -3.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 2.58% | 17,056 | $5.0M | Reduce -2.0% |
| FDX FedEx Corp. | 2.48% | 21,282 | $4.8M | Reduce -6.5% |
| NKE Nike Inc. Class B | 2.06% | 56,399 | $4.0M | Reduce -2.0% |
| WMT Walmart Inc. | 1.68% | 33,437 | $3.3M | Add +397.1% |
| V Visa Inc. Class A | 1.67% | 9,152 | $3.2M | Reduce -2.1% |
| NVDA Nvidia Corp. | 1.34% | 16,516 | $2.6M | Add +447.4% |
| CVX Chevron Corp. | 1.31% | 17,783 | $2.5M | Add +122.8% |
| CBSH Commerce Bancshares Inc. | 1.29% | 40,448 | $2.5M | Reduce -0.4% |
| GOOG Alphabet Inc. Class C | 1.18% | 12,936 | $2.3M | Reduce -1.3% |
| IWM iShares Russell 2000 ETF | 0.97% | 8,717 | $1.9M | Add +0.2% |
| STEL Stellar Bancorp Inc. | 0.95% | 65,848 | $1.8M | New |
| BRK.B Berkshire Hathaway Inc. Class B | 0.94% | 3,769 | $1.8M | Add +28.0% |
| UMBF Umb Financial Corp. | 0.84% | 15,603 | $1.6M | Add +17.6% |
| UNH Unitedhealth Group Inc. | 0.83% | 5,195 | $1.6M | New |
| PSX Phillips 66 | 0.80% | 13,124 | $1.6M | Add +1.0% |
| C Citigroup Inc. | 0.80% | 18,303 | $1.6M | Add +27.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.67% | 27,615 | $1.3M | Reduce -0.5% |
| INTC Intel Corp. | 0.66% | 57,305 | $1.3M | Reduce -6.7% |
| AMTM Amentum Holdings Inc. | 0.59% | 48,710 | $1.2M | Add +1.3% |
| DVN Devon Energy Corp. | 0.55% | 33,910 | $1.1M | Reduce -1.0% |
| CAT Caterpillar Inc. | 0.52% | 2,600 | $1.0M | New |
| XOM Exxon Mobil Corp. | 0.51% | 9,128 | $984K | Add +36.2% |
| ADBE Adobe Inc. | 0.49% | 2,487 | $962K | New |
| KVUE Kenvue Inc. | 0.46% | 42,601 | $892K | Reduce -1.8% |
| BMY Bristol-Myers Squibb Co. | 0.44% | 18,497 | $856K | Add +2.8% |
| XOP SS SPDR S&P Og Exp & Prod | 0.42% | 6,459 | $813K | Reduce -4.4% |
| GSEW Goldman Sachs Eql WGHT Large | 0.36% | 8,525 | $695K | Add +0.6% |
| XLK SS Technology Select Sector | 0.24% | 1,863 | $472K | Add +24.0% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.24% | 1,988 | $471K | No change |
| BA The Boeing Co. | 0.23% | 2,150 | $450K | New |
| RTX RTX Corp. | 0.21% | 2,815 | $411K | Reduce -1.6% |
| HD Home Depot Inc. | 0.19% | 1,018 | $373K | Reduce -2.2% |
| UNP Union Pacific Corp. | 0.19% | 1,597 | $367K | New |
| JPM JPMorgan Chase & Co. | 0.18% | 1,225 | $355K | Add +6.5% |
| SHEL Shell PLC-ADR | 0.17% | 4,681 | $330K | Reduce -4.6% |
| PG The Procter & Gamble Co. | 0.17% | 2,065 | $329K | Reduce -6.3% |
| MDY State Street SPDR S&P Midcap | 0.16% | 563 | $319K | Reduce -1.2% |
| T AT&T Inc. | 0.16% | 10,900 | $315K | Add +3.8% |
| AVGO Broadcom Inc. | 0.16% | 1,141 | $315K | New |
| GOOGL Alphabet Inc. Class A | 0.16% | 1,736 | $306K | New |
| IJR iShares Core S&P Small-Cap E | 0.15% | 2,703 | $295K | No change |
| ORCL Oracle Corp. | 0.14% | 1,230 | $269K | New |
| XEL Xcel Energy Inc. | 0.14% | 3,931 | $268K | No change |
| FNDA Schwab Fndmntl US SM Co. ETF | 0.13% | 8,967 | $257K | Add +2.1% |
| CP Canadian Pacific Kansas City | 0.13% | 3,074 | $244K | No change |
| LOW Lowe's Cos Inc. | 0.12% | 1,071 | $238K | No change |
Portfolio Sells Q1 2025 → Q2 2025
| AAPL Apple Inc. | Reduce -1.5% | 9.12% | −2.04 |
| COST Costco Wholesale Corp. | Reduce -9.4% | 8.62% | −1.51 |
| COP Conocophillips | Reduce -2.2% | 3.48% | −1.16 |
| MCD McDonald's Corp. | Reduce -1.7% | 3.76% | −0.80 |
| FDX FedEx Corp. | Reduce -6.5% | 2.48% | −0.69 |
| TJX TJX Companies Inc. | Reduce -3.0% | 2.71% | −0.36 |
| SPY SS SPDR S&P 500 ETF Trust-US | Sold out | 0.00% | −0.29 |
| V Visa Inc. Class A | Reduce -2.1% | 1.67% | −0.20 |
| IWB iShares Russell 1000 ETF | Reduce -1.3% | 10.36% | −0.20 |
| CSCO Cisco Systems Inc. | Reduce -6.5% | 3.36% | −0.20 |
| J Jacobs Solutions Inc. | Reduce -3.5% | 3.05% | −0.19 |
| DVN Devon Energy Corp. | Reduce -1.0% | 0.55% | −0.18 |
| CBSH Commerce Bancshares Inc. | Reduce -0.4% | 1.29% | −0.15 |
| INTC Intel Corp. | Reduce -6.7% | 0.66% | −0.14 |
| KVUE Kenvue Inc. | Reduce -1.8% | 0.46% | −0.14 |
| XOP SS SPDR S&P Og Exp & Prod | Reduce -4.4% | 0.42% | −0.09 |
| PG The Procter & Gamble Co. | Reduce -6.3% | 0.17% | −0.05 |
| SHEL Shell PLC-ADR | Reduce -4.6% | 0.17% | −0.04 |
| NKE Nike Inc. Class B | Reduce -2.0% | 2.06% | −0.03 |
| HD Home Depot Inc. | Reduce -2.2% | 0.19% | −0.03 |
| MDY State Street SPDR S&P Midcap | Reduce -1.2% | 0.16% | −0.01 |
| RTX RTX Corp. | Reduce -1.6% | 0.21% | −0.01 |
| GOOG Alphabet Inc. Class C | Reduce -1.3% | 1.18% | +0.01 |
| BAC Bank of America Corp. | Reduce -0.5% | 0.67% | +0.01 |
| AMZN Amazon.com Inc. | Reduce -1.8% | 5.12% | +0.08 |
| IBM Intl Business Machines Corp. | Reduce -2.0% | 2.58% | +0.11 |
| CASY Casey's General Stores Inc. | Reduce -3.6% | 6.54% | +0.11 |
| MSFT Microsoft Corp. | Reduce -1.9% | 10.47% | +1.50 |
Portfolio Buys Q1 2025 → Q2 2025
| WMT Walmart Inc. | Add +397.1% | 1.68% | +1.34 |
| NVDA Nvidia Corp. | Add +447.4% | 1.34% | +1.15 |
| STEL Stellar Bancorp Inc. | New | 0.95% | +0.95 |
| UNH Unitedhealth Group Inc. | New | 0.83% | +0.83 |
| CVX Chevron Corp. | Add +122.8% | 1.31% | +0.54 |
| CAT Caterpillar Inc. | New | 0.52% | +0.52 |
| ADBE Adobe Inc. | New | 0.49% | +0.49 |
| BA The Boeing Co. | New | 0.23% | +0.23 |
| C Citigroup Inc. | Add +27.3% | 0.80% | +0.22 |
| UNP Union Pacific Corp. | New | 0.19% | +0.19 |
| AVGO Broadcom Inc. | New | 0.16% | +0.16 |
| GOOGL Alphabet Inc. Class A | New | 0.16% | +0.16 |
| ORCL Oracle Corp. | New | 0.14% | +0.14 |
| AMTM Amentum Holdings Inc. | Add +1.3% | 0.59% | +0.09 |
| UMBF Umb Financial Corp. | Add +17.6% | 0.84% | +0.08 |
| XLK SS Technology Select Sector | Add +24.0% | 0.24% | +0.06 |
| XOM Exxon Mobil Corp. | Add +36.2% | 0.51% | +0.05 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +28.0% | 0.94% | +0.04 |
| JPM JPMorgan Chase & Co. | Add +6.5% | 0.18% | +0.02 |
| FNDA Schwab Fndmntl US SM Co. ETF | Add +2.1% | 0.13% | −0.01 |
| T AT&T Inc. | Add +3.8% | 0.16% | −0.01 |
| GSEW Goldman Sachs Eql WGHT Large | Add +0.6% | 0.36% | −0.01 |
| IWM iShares Russell 2000 ETF | Add +0.2% | 0.97% | −0.03 |
| PSX Phillips 66 | Add +1.0% | 0.80% | −0.11 |
| JNJ Johnson & Johnson | Add +14.4% | 2.73% | −0.16 |
| BMY Bristol-Myers Squibb Co. | Add +2.8% | 0.44% | −0.19 |
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 |