Paragon Capital Management LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Paragon Capital Management LLC reported 58 stock positions worth $207.1 million. Its top holding was Apple (AAPL) at 10.6% of the portfolio, followed by iShares Russell 1000 ETF (IWB, 10.3%) and Microsoft (MSFT, 10.1%). Compared with Q2 2025, it added to 11 and reduced 33. The biggest buy was Phillips 66 (PSX, shares +1%) and the biggest sale Costco Wholesale (COST, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- OVERLAND PARK, KS
- CIK
- 0001388437
- Portfolio Value
- $207.1M (Q3 2025)
- SEC Filing
- 0001388437-25-000007 ↗ filed Nov 12, 2025
Holdings Value
Holdings 58 stocks · $207.1M
| AAPL Apple Inc. | 10.58% | 86,077 | $21.9M | Reduce -0.5% |
| IWB iShares Russell 1000 ETF | 10.30% | 58,385 | $21.3M | Reduce -1.7% |
| MSFT Microsoft Corp. | 10.07% | 40,249 | $20.8M | Reduce -1.8% |
| COST Costco Wholesale Corp. | 7.38% | 16,519 | $15.3M | Reduce -2.6% |
| CASY Casey's General Stores Inc. | 6.73% | 24,665 | $13.9M | Reduce -1.2% |
| AMZN Amazon.com Inc. | 4.77% | 45,033 | $9.9M | Reduce -0.9% |
| MCD McDonald's Corp. | 3.65% | 24,847 | $7.6M | Reduce -0.8% |
| COP Conocophillips | 3.46% | 75,770 | $7.2M | Add +0.3% |
| J Jacobs Solutions Inc. | 3.20% | 44,197 | $6.6M | Reduce -2.1% |
| CSCO Cisco Systems Inc. | 3.11% | 94,252 | $6.4M | Reduce -0.1% |
| JNJ Johnson & Johnson | 3.09% | 34,519 | $6.4M | Reduce -0.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 2.94% | 42,148 | $6.1M | Reduce -1.4% |
| FDX FedEx Corp. | 2.39% | 21,011 | $5.0M | Reduce -1.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 2.31% | 16,929 | $4.8M | Reduce -0.7% |
| NKE Nike Inc. Class B | 1.88% | 55,738 | $3.9M | Reduce -1.2% |
| WMT Walmart Inc. | 1.66% | 33,332 | $3.4M | Reduce -0.3% |
| GOOG Alphabet Inc. Class C | 1.51% | 12,876 | $3.1M | Reduce -0.5% |
| V Visa Inc. Class A | 1.49% | 9,014 | $3.1M | Reduce -1.5% |
| NVDA Nvidia Corp. | 1.47% | 16,346 | $3.0M | Reduce -1.0% |
| CVX Chevron Corp. | 1.34% | 17,931 | $2.8M | Add +0.8% |
| CBSH Commerce Bancshares Inc. | 1.17% | 40,448 | $2.4M | No change |
| IWM iShares Russell 2000 ETF | 1.01% | 8,616 | $2.1M | Reduce -1.2% |
| STEL Stellar Bancorp Inc. | 0.96% | 65,848 | $2.0M | No change |
| INTC Intel Corp. | 0.92% | 56,705 | $1.9M | Reduce -1.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.89% | 3,684 | $1.9M | Reduce -2.3% |
| UMBF Umb Financial Corp. | 0.89% | 15,603 | $1.8M | No change |
| C Citigroup Inc. | 0.88% | 18,021 | $1.8M | Reduce -1.5% |
| PSX Phillips 66 | 0.87% | 13,292 | $1.8M | Add +1.3% |
| UNH Unitedhealth Group Inc. | 0.87% | 5,205 | $1.8M | Add +0.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.68% | 27,278 | $1.4M | Reduce -1.2% |
| CAT Caterpillar Inc. | 0.60% | 2,600 | $1.2M | No change |
| DVN Devon Energy Corp. | 0.57% | 33,864 | $1.2M | Reduce -0.1% |
| AMTM Amentum Holdings Inc. | 0.56% | 48,070 | $1.2M | Reduce -1.3% |
| XOM Exxon Mobil Corp. | 0.51% | 9,374 | $1.1M | Add +2.7% |
| ADBE Adobe Inc. | 0.42% | 2,467 | $870K | Reduce -0.8% |
| XOP SS SPDR S&P Og Exp & Prod | 0.41% | 6,414 | $848K | Reduce -0.7% |
| BMY Bristol-Myers Squibb Co. | 0.38% | 17,466 | $788K | Reduce -5.6% |
| GSEW Goldman Sachs Eql WGHT Large | 0.35% | 8,499 | $723K | Reduce -0.3% |
| KVUE Kenvue Inc. | 0.33% | 41,737 | $677K | Reduce -2.0% |
| XLK SS Technology Select Sector | 0.25% | 1,863 | $525K | No change |
| VB Vanguard Most SM-Cap ETF-Usd | 0.24% | 1,992 | $507K | Add +0.2% |
| RTX RTX Corp. | 0.23% | 2,815 | $471K | No change |
| BA The Boeing Co. | 0.22% | 2,150 | $464K | No change |
| GOOGL Alphabet Inc. Class A | 0.21% | 1,798 | $437K | Add +3.6% |
| JPM JPMorgan Chase & Co. | 0.19% | 1,225 | $386K | No change |
| HD Home Depot Inc. | 0.18% | 943 | $382K | Reduce -7.4% |
| UNP Union Pacific Corp. | 0.18% | 1,612 | $381K | Add +0.9% |
| ORCL Oracle Corp. | 0.18% | 1,304 | $367K | Add +6.0% |
| AVGO Broadcom Inc. | 0.17% | 1,091 | $360K | Reduce -4.4% |
| T AT&T Inc. | 0.17% | 12,600 | $356K | Add +15.6% |
| MDY State Street SPDR S&P Midcap | 0.16% | 563 | $336K | No change |
| SHEL Shell PLC-ADR | 0.16% | 4,681 | $335K | No change |
| IJR iShares Core S&P Small-Cap E | 0.16% | 2,703 | $321K | No change |
| XEL Xcel Energy Inc. | 0.15% | 3,931 | $317K | No change |
| PG The Procter & Gamble Co. | 0.14% | 1,946 | $299K | Reduce -5.8% |
| FNDA Schwab Fndmntl US SM Co. ETF | 0.14% | 8,997 | $280K | Add +0.3% |
| LOW Lowe's Cos Inc. | 0.13% | 1,071 | $269K | No change |
| CP Canadian Pacific Kansas City | 0.11% | 3,074 | $229K | No change |
Portfolio Sells Q2 2025 → Q3 2025
| COST Costco Wholesale Corp. | Reduce -2.6% | 7.38% | −1.24 |
| MSFT Microsoft Corp. | Reduce -1.8% | 10.07% | −0.41 |
| AMZN Amazon.com Inc. | Reduce -0.9% | 4.77% | −0.35 |
| IBM Intl Business Machines Corp. | Reduce -0.7% | 2.31% | −0.28 |
| CSCO Cisco Systems Inc. | Reduce -0.1% | 3.11% | −0.25 |
| V Visa Inc. Class A | Reduce -1.5% | 1.49% | −0.18 |
| NKE Nike Inc. Class B | Reduce -1.2% | 1.88% | −0.18 |
| KVUE Kenvue Inc. | Reduce -2.0% | 0.33% | −0.13 |
| MCD McDonald's Corp. | Reduce -0.8% | 3.65% | −0.11 |
| FDX FedEx Corp. | Reduce -1.3% | 2.39% | −0.09 |
| ADBE Adobe Inc. | Reduce -0.8% | 0.42% | −0.07 |
| BMY Bristol-Myers Squibb Co. | Reduce -5.6% | 0.38% | −0.06 |
| IWB iShares Russell 1000 ETF | Reduce -1.7% | 10.30% | −0.06 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -2.3% | 0.89% | −0.05 |
| AMTM Amentum Holdings Inc. | Reduce -1.3% | 0.56% | −0.03 |
| PG The Procter & Gamble Co. | Reduce -5.8% | 0.14% | −0.02 |
| WMT Walmart Inc. | Reduce -0.3% | 1.66% | −0.02 |
| GSEW Goldman Sachs Eql WGHT Large | Reduce -0.3% | 0.35% | −0.01 |
| XOP SS SPDR S&P Og Exp & Prod | Reduce -0.7% | 0.41% | −0.01 |
| HD Home Depot Inc. | Reduce -7.4% | 0.18% | −0.01 |
| BAC Bank of America Corp. | Reduce -1.2% | 0.68% | +0.01 |
| AVGO Broadcom Inc. | Reduce -4.4% | 0.17% | +0.01 |
| DVN Devon Energy Corp. | Reduce -0.1% | 0.57% | +0.02 |
| IWM iShares Russell 2000 ETF | Reduce -1.2% | 1.01% | +0.04 |
| C Citigroup Inc. | Reduce -1.5% | 0.88% | +0.08 |
| NVDA Nvidia Corp. | Reduce -1.0% | 1.47% | +0.13 |
| J Jacobs Solutions Inc. | Reduce -2.1% | 3.20% | +0.15 |
| CASY Casey's General Stores Inc. | Reduce -1.2% | 6.73% | +0.19 |
| TJX TJX Companies Inc. | Reduce -1.4% | 2.94% | +0.23 |
| INTC Intel Corp. | Reduce -1.1% | 0.92% | +0.26 |
| GOOG Alphabet Inc. Class C | Reduce -0.5% | 1.51% | +0.34 |
| JNJ Johnson & Johnson | Reduce -0.8% | 3.09% | +0.36 |
| AAPL Apple Inc. | Reduce -0.5% | 10.58% | +1.46 |
Portfolio Buys Q2 2025 → Q3 2025
| PSX Phillips 66 | Add +1.3% | 0.87% | +0.07 |
| GOOGL Alphabet Inc. Class A | Add +3.6% | 0.21% | +0.05 |
| ORCL Oracle Corp. | Add +6.0% | 0.18% | +0.04 |
| CVX Chevron Corp. | Add +0.8% | 1.34% | +0.04 |
| UNH Unitedhealth Group Inc. | Add +0.2% | 0.87% | +0.04 |
| T AT&T Inc. | Add +15.6% | 0.17% | +0.01 |
| XOM Exxon Mobil Corp. | Add +2.7% | 0.51% | +0.00 |
| FNDA Schwab Fndmntl US SM Co. ETF | Add +0.3% | 0.14% | +0.00 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +0.2% | 0.24% | +0.00 |
| UNP Union Pacific Corp. | Add +0.9% | 0.18% | −0.00 |
| COP Conocophillips | Add +0.3% | 3.46% | −0.02 |
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 |