Paragon Capital Management Ltd
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 16, 2025), Paragon Capital Management Ltd reported 196 stock positions worth $484.5 million. Its top holding was Vanguard Dividend Apprec ETF (VIG) at 13.3% of the portfolio, followed by Invesco S&P 500 Quality ETF (SPHQ, 10.4%) and Airbnb Class A (ABNB, 9.5%). Compared with Q4 2024, it opened 17 new positions, sold out of 7, added to 91 and reduced 29. The biggest buy was a new position in Wideopenwest (WOW) and the biggest sale Airbnb Class A (ABNB, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- DENVER, CO
- CIK
- 0001569765
- Portfolio Value
- $484.5M (Q1 2025)
- SEC Filing
- 0001085146-25-002124 ↗ filed Apr 16, 2025
Holdings Value
Holdings 196 stocks · $484.5M
| VIG Vanguard Dividend Apprec ETF | 13.31% | 332,409 | $64.5M | Reduce -0.8% |
| SPHQ Invesco S&P 500 Quality ETF | 10.36% | 756,909 | $50.2M | Reduce -2.8% |
| ABNB Airbnb Inc. Class A | 9.54% | 386,946 | $46.2M | Reduce -3.1% |
| COIN Coinbase Global Inc. Class A | 6.15% | 173,037 | $29.8M | No change |
| MSFT Microsoft Corp. | 5.48% | 70,766 | $26.6M | Add +2.8% |
| COWZ Pacer US Cash Cows 100 ETF | 4.98% | 440,763 | $24.1M | Add +0.4% |
| IQLT iShares MSCI International Q | 4.87% | 593,979 | $23.6M | Add +2.9% |
| CRM Salesforce Inc. | 4.21% | 76,081 | $20.4M | No change |
| PINS Pinterest Inc. Class A | 3.47% | 542,509 | $16.8M | Reduce -10.3% |
| OKTA Okta Inc. | 2.70% | 124,200 | $13.1M | No change |
| DOCN Digitalocean Holdings Inc. | 2.59% | 376,466 | $12.6M | Add +0.1% |
| QLTY GMO U.S. Quality ETF | 2.18% | 338,251 | $10.6M | Add +4.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.93% | 16,691 | $9.3M | Add +0.0% |
| VTV Vanguard Mrngstr Val ETF-Aui | 1.48% | 41,615 | $7.2M | Add +0.4% |
| WOW Wideopenwest Inc. | 1.26% | 1,232,011 | $6.1M | New |
| EFA iShares MSCI Eafe ETF | 1.24% | 73,495 | $6.0M | Add +0.1% |
| VTEB Vanguard Tax-Exempt Bond ETF | 1.14% | 111,798 | $5.5M | Reduce -0.3% |
| TMUS T-Mobile US Inc. | 1.06% | 19,346 | $5.2M | No change |
| NOBL Proshares S&P 500 Dividend A | 0.96% | 45,568 | $4.7M | Reduce -2.3% |
| AAPL Apple Inc. | 0.93% | 20,223 | $4.5M | Add +2.6% |
| IEI iShares 3-7 Year Treasury Bo | 0.86% | 35,274 | $4.2M | Reduce -8.5% |
| LYFT LYFT Inc. Class A | 0.70% | 283,742 | $3.4M | No change |
| ESGV Vanguard ESG US Stock ETF | 0.65% | 32,049 | $3.1M | Add +16.7% |
| POET Poet Technologies Inc. | 0.45% | 579,300 | $2.2M | Add +438.4% |
| FLJP Franklin Ftse Japan ETF | 0.42% | 69,706 | $2.0M | Reduce -11.1% |
| EWJ iShares MSCI Japan ETF | 0.42% | 29,393 | $2.0M | Reduce -3.4% |
| AVUV Avantis US Small Cap Value | 0.38% | 21,372 | $1.9M | Add +23.3% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.33% | 8,681 | $1.6M | Add +1.5% |
| ABBV Abbvie Inc. | 0.32% | 7,508 | $1.6M | Add +0.1% |
| IEFA iShares Core MSCI Eafe ETF | 0.31% | 20,120 | $1.5M | No change |
| PG The Procter & Gamble Co. | 0.30% | 8,671 | $1.5M | Reduce -2.5% |
| TXN Texas Instruments Inc. | 0.30% | 7,976 | $1.4M | Add +84.1% |
| VEA Vanguard Ftse Developed ETF | 0.29% | 27,920 | $1.4M | Add +18.3% |
| ASAN Asana Inc. Class A | 0.28% | 94,152 | $1.4M | No change |
| IOT Samsara Inc. Class A | 0.28% | 35,126 | $1.3M | No change |
| VSS Vanguard Ftse All Wo X-US SC | 0.28% | 11,564 | $1.3M | Add +8.4% |
| ORCL Oracle Corp. | 0.28% | 9,537 | $1.3M | Reduce -0.3% |
| ET Energy Transfer LP | 0.26% | 68,724 | $1.3M | No change |
| SLYV SS SPDR S&P 600 SC Val ETF | 0.24% | 15,037 | $1.2M | Reduce -6.6% |
| LLY Eli Lilly & Co. | 0.24% | 1,423 | $1.2M | Add +0.1% |
| CMCSA Comcast Corp. Class A | 0.24% | 31,549 | $1.2M | Add +154.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.24% | 4,606 | $1.1M | Add +258.2% |
| VTEI Vanguard Int Tax-Exempt Bond | 0.23% | 11,216 | $1.1M | Add +22.0% |
| RPV Invesco S&P 500 Pure Value E | 0.23% | 11,845 | $1.1M | Add +31.3% |
| RBLX Roblox Corp. Class A | 0.22% | 18,588 | $1.1M | No change |
| BEPC Brookfield Renewable Corp. | 0.22% | 38,753 | $1.1M | Add +5.4% |
| TOTL SS Doubleline TR Tact ETF | 0.22% | 26,840 | $1.1M | Reduce -25.4% |
| WMT Walmart Inc. | 0.22% | 12,177 | $1.1M | No change |
| SDG Ish MSCI Glob Sust Deve Goal | 0.19% | 12,818 | $928K | No change |
| MDY State Street SPDR S&P Midcap | 0.19% | 1,700 | $907K | No change |
| AMGN Amgen Inc. | 0.18% | 2,820 | $879K | No change |
| ABT Abbott Laboratories | 0.17% | 6,286 | $834K | Add +0.1% |
| CSCO Cisco Systems Inc. | 0.17% | 12,972 | $801K | Add +9.7% |
| IWD iShares Russell 1000 Value E | 0.16% | 4,187 | $788K | Add +0.1% |
| CVX Chevron Corp. | 0.16% | 4,615 | $772K | Add +81.5% |
| TAP Molson Coors Beverage Co. Class B | 0.16% | 12,589 | $766K | Reduce -4.7% |
| JPM JPMorgan Chase & Co. | 0.16% | 3,088 | $758K | Add +0.1% |
| DPZ Domino's Pizza Inc. | 0.15% | 1,557 | $715K | New |
| FISV Fiserv Inc. | 0.15% | 3,200 | $707K | No change |
| VGIT Vanguard Intermediate-Term T | 0.14% | 11,593 | $689K | Reduce -36.1% |
| AVGO Broadcom Inc. | 0.13% | 3,754 | $629K | New |
| JNJ Johnson & Johnson | 0.13% | 3,722 | $617K | Reduce -8.1% |
| DVN Devon Energy Corp. | 0.12% | 15,439 | $577K | No change |
| KO The Coca-Cola Co. | 0.12% | 7,833 | $561K | No change |
| BIPC Brookfield Infrastructure-A | 0.11% | 14,534 | $526K | Add +5.4% |
| MCD McDonald's Corp. | 0.11% | 1,678 | $524K | Add +24.0% |
| EPD Enterprise Products Partners | 0.11% | 15,000 | $512K | No change |
| CART Maplebear Inc. | 0.10% | 12,740 | $508K | No change |
| ITW Illinois Tool Works | 0.10% | 2,000 | $496K | No change |
| NVDA Nvidia Corp. | 0.10% | 4,526 | $491K | Add +38.6% |
| AFRM Affirm Holdings Inc. | 0.10% | 10,770 | $487K | No change |
| HD Home Depot Inc. | 0.10% | 1,303 | $478K | Add +0.1% |
| AMZN Amazon.com Inc. | 0.10% | 2,424 | $461K | Add +59.9% |
| FOXA Fox Corp. Class A | 0.10% | 8,137 | $461K | Add +0.5% |
| GPI Group 1 Automotive Inc. | 0.09% | 1,201 | $459K | Add +35.1% |
| PSX Phillips 66 | 0.09% | 3,666 | $453K | Add +27.7% |
| XOM Exxon Mobil Corp. | 0.09% | 3,782 | $450K | Add +91.2% |
| CL Colgate-Palmolive Co. | 0.09% | 4,794 | $449K | No change |
| PFE Pfizer Inc. | 0.09% | 17,619 | $446K | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.09% | 1,603 | $441K | Reduce -15.1% |
| NOC Northrop Grumman Corp. | 0.09% | 858 | $439K | New |
| MRK Merck & Co. Inc. | 0.09% | 4,801 | $431K | Add +11.9% |
| UNM Unum Group | 0.09% | 5,238 | $427K | Add +0.5% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.08% | 4,805 | $403K | Add +0.5% |
| IWN iShares Russell 2000 Value E | 0.08% | 2,641 | $399K | Add +0.2% |
| YUM Yum! Brands Inc. | 0.08% | 2,509 | $395K | No change |
| GL Globe Life Inc. | 0.08% | 2,974 | $392K | Add +0.2% |
| AXS Axis Capital Holdings Ltd. | 0.08% | 3,852 | $386K | No change |
| HOOD Robinhood Markets Inc. Class A | 0.08% | 9,129 | $380K | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.08% | 3,832 | $378K | Add +0.2% |
| TOLZ Proshares GLB Infrastructure | 0.08% | 7,000 | $369K | No change |
| MAR Marriott International Class A | 0.08% | 1,539 | $367K | Add +0.1% |
| MUB iShares National Muni Bond E | 0.08% | 3,455 | $364K | No change |
| MET Metlife Inc. | 0.07% | 4,424 | $355K | Add +0.7% |
| COLB Columbia Banking System Inc. | 0.07% | 14,200 | $354K | Add +1.4% |
| ORI Old Republic Intl Corp. | 0.07% | 8,955 | $351K | Add +0.8% |
| CUZ Cousins Properties Inc. | 0.07% | 11,823 | $349K | Add +1.1% |
| COF Capital One Financial Corp. | 0.07% | 1,935 | $347K | Add +0.3% |
| LNC Lincoln National Corp. | 0.07% | 9,530 | $342K | Add +1.3% |
| IGIB iShares 5-10Y Inv Grade Corp. | 0.07% | 6,482 | $340K | No change |
Lines left out (1) · $3.7M — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| CASH Pathward Financial Inc. | COM | 0 | $3.7M |
Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.
Total filed on the 13F, all lines: $488.2M.
Portfolio Sells Q4 2024 → Q1 2025
| ABNB Airbnb Inc. Class A | Reduce -3.1% | 9.54% | −1.00 |
| SPHQ Invesco S&P 500 Quality ETF | Reduce -2.8% | 10.36% | −0.13 |
| VGIT Vanguard Intermediate-Term T | Reduce -36.1% | 0.14% | −0.07 |
| TOTL SS Doubleline TR Tact ETF | Reduce -25.4% | 0.22% | −0.06 |
| PINS Pinterest Inc. Class A | Reduce -10.3% | 3.47% | −0.05 |
| SIG Signet Jewelers Ltd. | Sold out | 0.00% | −0.05 |
| ASO Academy Sports & Outdoors Inc. | Sold out | 0.00% | −0.05 |
| HP Helmerich & Payne | Sold out | 0.00% | −0.05 |
| IYW iShares Ustechnology ETF | Sold out | 0.00% | −0.05 |
| ORCL Oracle Corp. | Reduce -0.3% | 0.28% | −0.05 |
| SYY Sysco Corp. | Sold out | 0.00% | −0.04 |
| WSM Williams-Sonoma Inc. | Sold out | 0.00% | −0.04 |
| SLYV SS SPDR S&P 600 SC Val ETF | Reduce -6.6% | 0.24% | −0.04 |
| PARAA Paramount Global Class B | Sold out | 0.00% | −0.04 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -8.5% | 0.86% | −0.03 |
| ICLN iShares Global Clean Energy | Reduce -46.2% | 0.04% | −0.03 |
| FLJP Franklin Ftse Japan ETF | Reduce -11.1% | 0.42% | −0.03 |
| VTRS Viatris Inc. | Reduce -13.6% | 0.04% | −0.03 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -15.1% | 0.09% | −0.02 |
| CRC California Resources Corp. | Reduce -15.2% | 0.04% | −0.01 |
| ILCG iShares Morningstar Growth E | Reduce -5.9% | 0.07% | −0.01 |
| VOYA Voya Financial Inc. | Reduce -15.4% | 0.04% | −0.01 |
| XLV SS Health Care Select Sector | Reduce -18.8% | 0.05% | −0.01 |
| EG Everest Group Ltd. | Reduce -15.9% | 0.04% | −0.01 |
| RSP Invesco S&P 500 Equal Weight | Reduce -13.0% | 0.05% | −0.01 |
| IJT iShares S&P Small-Cap 600 GR | Reduce -0.9% | 0.06% | −0.00 |
| FDEC FT Vest U.S. Equity Buffer E | Reduce -5.2% | 0.07% | −0.00 |
| BTG B2GOLD Corp. | Reduce -15.9% | 0.05% | +0.00 |
| COST Costco Wholesale Corp. | Reduce -1.3% | 0.05% | +0.00 |
| PG The Procter & Gamble Co. | Reduce -2.5% | 0.30% | +0.01 |
| EWJ iShares MSCI Japan ETF | Reduce -3.4% | 0.42% | +0.01 |
| TAP Molson Coors Beverage Co. Class B | Reduce -4.7% | 0.16% | +0.01 |
| JNJ Johnson & Johnson | Reduce -8.1% | 0.13% | +0.01 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -0.3% | 1.14% | +0.02 |
| NOBL Proshares S&P 500 Dividend A | Reduce -2.3% | 0.96% | +0.03 |
| VIG Vanguard Dividend Apprec ETF | Reduce -0.8% | 13.31% | +0.13 |
Portfolio Buys Q4 2024 → Q1 2025
| WOW Wideopenwest Inc. | New | 1.26% | +1.26 |
| IQLT iShares MSCI International Q | Add +2.9% | 4.87% | +0.56 |
| POET Poet Technologies Inc. | Add +438.4% | 0.45% | +0.32 |
| IBM Intl Business Machines Corp. | Add +258.2% | 0.24% | +0.18 |
| DPZ Domino's Pizza Inc. | New | 0.15% | +0.15 |
| CMCSA Comcast Corp. Class A | Add +154.7% | 0.24% | +0.15 |
| TXN Texas Instruments Inc. | Add +84.1% | 0.30% | +0.13 |
| AVGO Broadcom Inc. | New | 0.13% | +0.13 |
| EFA iShares MSCI Eafe ETF | Add +0.1% | 1.24% | +0.12 |
| QLTY GMO U.S. Quality ETF | Add +4.3% | 2.18% | +0.10 |
| NOC Northrop Grumman Corp. | New | 0.09% | +0.09 |
| CVX Chevron Corp. | Add +81.5% | 0.16% | +0.09 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +0.4% | 1.48% | +0.07 |
| ESGV Vanguard ESG US Stock ETF | Add +16.7% | 0.65% | +0.07 |
| VEA Vanguard Ftse Developed ETF | Add +18.3% | 0.29% | +0.07 |
| RPV Invesco S&P 500 Pure Value E | Add +31.3% | 0.23% | +0.06 |
| CVS CVS Health Corp. | New | 0.06% | +0.06 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | New | 0.06% | +0.06 |
| ABBV Abbvie Inc. | Add +0.1% | 0.32% | +0.06 |
| SPGI S&P Global Inc. | New | 0.06% | +0.06 |
| ESML iShares ESG Aware MSCI USA S | New | 0.06% | +0.06 |
| GE General Electric | New | 0.05% | +0.05 |
| XOM Exxon Mobil Corp. | Add +91.2% | 0.09% | +0.05 |
| AVUV Avantis US Small Cap Value | Add +23.3% | 0.38% | +0.05 |
| LKQ LKQ Corp. | New | 0.05% | +0.05 |
| RBA RB Global Inc. | New | 0.05% | +0.05 |
| VTEI Vanguard Int Tax-Exempt Bond | Add +22.0% | 0.23% | +0.05 |
| MOS The Mosaic Co. | New | 0.04% | +0.04 |
| KLAC KLA Corp. | New | 0.04% | +0.04 |
| PRGO Perrigo Co. PLC | New | 0.04% | +0.04 |
| IEP Icahn Enterprises LP | New | 0.03% | +0.03 |
| VSS Vanguard Ftse All Wo X-US SC | Add +8.4% | 0.28% | +0.03 |
| MCD McDonald's Corp. | Add +24.0% | 0.11% | +0.03 |
| ABT Abbott Laboratories | Add +0.1% | 0.17% | +0.03 |
| AMZN Amazon.com Inc. | Add +59.9% | 0.10% | +0.03 |
| PSX Phillips 66 | Add +27.7% | 0.09% | +0.03 |
| CSCO Cisco Systems Inc. | Add +9.7% | 0.17% | +0.02 |
| LLY Eli Lilly & Co. | Add +0.1% | 0.24% | +0.02 |
| GPI Group 1 Automotive Inc. | Add +35.1% | 0.09% | +0.02 |
| BEPC Brookfield Renewable Corp. | Add +5.4% | 0.22% | +0.02 |
| DOCN Digitalocean Holdings Inc. | Add +0.1% | 2.59% | +0.02 |
| FOXA Fox Corp. Class A | Add +0.5% | 0.10% | +0.02 |
| AEF Abrdn Emerging Markets Ex CH | New | 0.01% | +0.01 |
| GL Globe Life Inc. | Add +0.2% | 0.08% | +0.01 |
| NVDA Nvidia Corp. | Add +38.6% | 0.10% | +0.01 |
| CLVT Clarivate PLC | New | 0.01% | +0.01 |
| UNM Unum Group | Add +0.5% | 0.09% | +0.01 |
| LNC Lincoln National Corp. | Add +1.3% | 0.07% | +0.01 |
| BNY Bank of New York Mellon Corp. | Add +0.5% | 0.08% | +0.01 |
| WM Waste Management Inc. | Add +0.2% | 0.06% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 222 | $525.6M | VIG, SPHQ, ABNB, DOCN, IQLT |
| Q1 2026 | 198 | $474.3M | VIG, SPHQ, ABNB, IQLT, COWZ |
| Q4 2025 | 194 | $492.1M | VIG, SPHQ, ABNB, IQLT, MSFT |
| Q3 2025 | 200 | $527.2M | VIG, SPHQ, COIN, ABNB, MSFT |
| Q2 2025 | 213 | $545.2M | VIG, COIN, SPHQ, ABNB, MSFT |
| Q1 2025 | 196 | $484.5M | VIG, SPHQ, ABNB, COIN, MSFT |
| Q4 2024 | 186 | $497.7M | VIG, ABNB, SPHQ, COIN, MSFT |
| Q3 2024 | 204 | $507.3M | VIG, ABNB, SPHQ, COIN, MSFT |
| Q2 2024 | 202 | $544.8M | ABNB, VIG, SPHQ, COIN, MSFT |
| Q1 2024 | 193 | $559.4M | ABNB, VIG, COIN, SPHQ, MSFT |