Paragon Capital Management Ltd
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 16, 2025), Paragon Capital Management Ltd reported 213 stock positions worth $545.2 million. Its top holding was Vanguard Dividend Apprec ETF (VIG) at 12.2% of the portfolio, followed by Coinbase Global Class A (COIN, 10.0%) and Invesco S&P 500 Quality ETF (SPHQ, 9.8%). Compared with Q1 2025, it opened 51 new positions, sold out of 34, added to 50 and reduced 64. The biggest buy was Franklin Ftse Japan ETF (FLJP, shares +118%) and the biggest sale Vanguard Dividend Apprec ETF (VIG, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- DENVER, CO
- CIK
- 0001569765
- Portfolio Value
- $545.2M (Q2 2025)
- SEC Filing
- 0001085146-25-003882 ↗ filed Jul 16, 2025
Holdings Value
Holdings 213 stocks · $545.2M
| VIG Vanguard Dividend Apprec ETF | 12.19% | 324,693 | $66.5M | Reduce -2.3% |
| COIN Coinbase Global Inc. Class A | 10.03% | 155,983 | $54.7M | Reduce -9.9% |
| SPHQ Invesco S&P 500 Quality ETF | 9.83% | 752,029 | $53.6M | Reduce -0.6% |
| ABNB Airbnb Inc. Class A | 9.39% | 386,946 | $51.2M | No change |
| MSFT Microsoft Corp. | 6.41% | 70,295 | $35.0M | Reduce -0.7% |
| IQLT iShares MSCI International Q | 4.74% | 597,883 | $25.8M | Add +0.7% |
| COWZ Pacer US Cash Cows 100 ETF | 4.46% | 441,078 | $24.3M | Add +0.1% |
| CRM Salesforce Inc. | 3.81% | 76,081 | $20.7M | No change |
| PINS Pinterest Inc. Class A | 3.57% | 542,509 | $19.5M | No change |
| OKTA Okta Inc. | 2.28% | 124,200 | $12.4M | No change |
| QLTY GMO U.S. Quality ETF | 2.26% | 359,049 | $12.3M | Add +6.2% |
| DOCN Digitalocean Holdings Inc. | 1.97% | 376,439 | $10.8M | Reduce -0.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.89% | 16,640 | $10.3M | Reduce -0.3% |
| VTV Vanguard Mrngstr Val ETF-Aui | 1.39% | 43,023 | $7.6M | Add +3.4% |
| EFA iShares MSCI Eafe ETF | 1.21% | 74,015 | $6.6M | Add +0.7% |
| WOW Wideopenwest Inc. | 0.97% | 1,305,912 | $5.3M | Add +6.0% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.92% | 102,091 | $5.0M | Reduce -8.7% |
| FLJP Franklin Ftse Japan ETF | 0.90% | 152,205 | $4.9M | Add +118.3% |
| TMUS T-Mobile US Inc. | 0.85% | 19,346 | $4.6M | No change |
| NOBL Proshares S&P 500 Dividend A | 0.82% | 44,489 | $4.5M | Reduce -2.4% |
| LYFT LYFT Inc. Class A | 0.82% | 283,742 | $4.5M | No change |
| AAPL Apple Inc. | 0.72% | 19,184 | $3.9M | Reduce -5.1% |
| ESGV Vanguard ESG US Stock ETF | 0.71% | 35,131 | $3.9M | Add +9.6% |
| POET Poet Technologies Inc. | 0.55% | 579,300 | $3.0M | No change |
| IOT Samsara Inc. Class A | 0.53% | 72,809 | $2.9M | Add +107.3% |
| AVUV Avantis US Small Cap Value | 0.48% | 28,467 | $2.6M | Add +33.2% |
| EWJ iShares MSCI Japan ETF | 0.45% | 32,698 | $2.5M | Add +11.2% |
| VTEI Vanguard Int Tax-Exempt Bond | 0.42% | 23,374 | $2.3M | Add +108.4% |
| ORCL Oracle Corp. | 0.38% | 9,540 | $2.1M | Add +0.0% |
| IEI iShares 3-7 Year Treasury Bo | 0.37% | 17,068 | $2.0M | Reduce -51.6% |
| RBLX Roblox Corp. Class A | 0.36% | 18,588 | $2.0M | No change |
| IEFA iShares Core MSCI Eafe ETF | 0.30% | 19,830 | $1.7M | Reduce -1.4% |
| TXN Texas Instruments Inc. | 0.30% | 7,910 | $1.6M | Reduce -0.8% |
| VEA Vanguard Ftse Developed ETF | 0.30% | 28,597 | $1.6M | Add +2.4% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.29% | 8,201 | $1.6M | Reduce -5.5% |
| VSS Vanguard Ftse All Wo X-US SC | 0.26% | 10,665 | $1.4M | Reduce -7.8% |
| ABBV Abbvie Inc. | 0.26% | 7,514 | $1.4M | Add +0.1% |
| PG The Procter & Gamble Co. | 0.25% | 8,671 | $1.4M | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.24% | 4,507 | $1.3M | Reduce -2.1% |
| SLYV SS SPDR S&P 600 SC Val ETF | 0.24% | 16,137 | $1.3M | Add +7.3% |
| ASAN Asana Inc. Class A | 0.23% | 94,152 | $1.3M | No change |
| ET Energy Transfer LP | 0.23% | 68,724 | $1.2M | No change |
| WMT Walmart Inc. | 0.22% | 12,177 | $1.2M | No change |
| BEPC Brookfield Renewable Corp. | 0.22% | 36,160 | $1.2M | Reduce -6.7% |
| VSGX Vanguard ESG Intl Stock ETF | 0.21% | 17,174 | $1.1M | New |
| LLY Eli Lilly & Co. | 0.20% | 1,425 | $1.1M | Add +0.1% |
| DASH DoorDash Inc. Class A | 0.20% | 4,390 | $1.1M | New |
| CMCSA Comcast Corp. Class A | 0.19% | 29,719 | $1.1M | Reduce -5.8% |
| MDY State Street SPDR S&P Midcap | 0.18% | 1,700 | $963K | No change |
| HON Honeywell International Inc. | 0.17% | 3,979 | $927K | Add +164.6% |
| AVGO Broadcom Inc. | 0.17% | 3,263 | $900K | Reduce -13.1% |
| JPM JPMorgan Chase & Co. | 0.16% | 3,028 | $878K | Reduce -1.9% |
| HOOD Robinhood Markets Inc. Class A | 0.16% | 9,129 | $855K | No change |
| ABT Abbott Laboratories | 0.16% | 6,251 | $850K | Reduce -0.6% |
| CSCO Cisco Systems Inc. | 0.15% | 11,984 | $832K | Reduce -7.6% |
| IWD iShares Russell 1000 Value E | 0.15% | 4,192 | $814K | Add +0.1% |
| AMGN Amgen Inc. | 0.14% | 2,820 | $787K | No change |
| AFRM Affirm Holdings Inc. | 0.14% | 10,770 | $745K | No change |
| QVMT Invesco S&P 500 Concentrated | 0.14% | 14,270 | $742K | New |
| CMF iShares California Muni Bond | 0.13% | 13,065 | $728K | New |
| NVDA Nvidia Corp. | 0.13% | 4,527 | $715K | Add +0.0% |
| MUB iShares National Muni Bond E | 0.13% | 6,787 | $709K | Add +96.4% |
| DPZ Domino's Pizza Inc. | 0.13% | 1,557 | $702K | No change |
| DVN Devon Energy Corp. | 0.12% | 21,161 | $673K | Add +37.1% |
| CVX Chevron Corp. | 0.12% | 4,623 | $662K | Add +0.2% |
| PFE Pfizer Inc. | 0.11% | 24,958 | $605K | Add +41.6% |
| BIPC Brookfield Infrastructure-A | 0.11% | 14,534 | $605K | No change |
| CART Maplebear Inc. | 0.11% | 12,740 | $576K | No change |
| TOTL SS Doubleline TR Tact ETF | 0.10% | 13,969 | $560K | Reduce -48.0% |
| KO The Coca-Cola Co. | 0.10% | 7,833 | $554K | No change |
| FISV Fiserv Inc. | 0.10% | 3,200 | $552K | No change |
| TAP Molson Coors Beverage Co. Class B | 0.10% | 11,409 | $549K | Reduce -9.4% |
| AMZN Amazon.com Inc. | 0.10% | 2,424 | $532K | No change |
| GLD SPDR Gold Shares | 0.09% | 1,664 | $507K | Add +44.1% |
| ITW Illinois Tool Works | 0.09% | 2,000 | $495K | No change |
| JNJ Johnson & Johnson | 0.09% | 3,209 | $490K | Reduce -13.8% |
| MCD McDonald's Corp. | 0.09% | 1,673 | $489K | Reduce -0.3% |
| VTI VG Morningstar TS MKT ETF-US | 0.09% | 1,569 | $477K | Reduce -2.1% |
| HD Home Depot Inc. | 0.09% | 1,279 | $469K | Reduce -1.8% |
| RDDT Reddit Inc. Class A | 0.09% | 3,094 | $466K | No change |
| EPD Enterprise Products Partners | 0.09% | 15,000 | $465K | No change |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.08% | 2,692 | $443K | Add +56.2% |
| NOC Northrop Grumman Corp. | 0.08% | 858 | $429K | No change |
| IWO iShares Russell 2000 Growth | 0.08% | 1,486 | $425K | Add +20.7% |
| MAR Marriott International Class A | 0.08% | 1,540 | $421K | Add +0.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.08% | 3,314 | $411K | Reduce -13.5% |
| XOM Exxon Mobil Corp. | 0.07% | 3,645 | $393K | Reduce -3.6% |
| IWN iShares Russell 2000 Value E | 0.07% | 2,466 | $389K | Reduce -6.6% |
| TOLZ Proshares GLB Infrastructure | 0.07% | 7,220 | $389K | Add +3.1% |
| ILCG iShares Morningstar Growth E | 0.07% | 4,011 | $389K | Reduce -2.5% |
| MRK Merck & Co. Inc. | 0.07% | 4,813 | $381K | Add +0.3% |
| YUM Yum! Brands Inc. | 0.07% | 2,509 | $372K | No change |
| CL Colgate-Palmolive Co. | 0.07% | 4,076 | $371K | Reduce -15.0% |
| VOO Vanguard S&P 500 ETF | 0.07% | 628 | $357K | Add +3.0% |
| AXP American Express Co. | 0.06% | 1,087 | $347K | No change |
| GII State Street SPDR S&P Global | 0.06% | 5,142 | $346K | Add +0.7% |
| IGIB iShares 5-10Y Inv Grade Corp. | 0.06% | 6,432 | $343K | Reduce -0.8% |
| FDEC FT Vest U.S. Equity Buffer E | 0.06% | 7,301 | $341K | Reduce -5.5% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 0.06% | 13,725 | $337K | No change |
| HPE Hewlett Packard Enterprise | 0.06% | 16,355 | $334K | Reduce -6.4% |
Lines left out (1) · $6.5M — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| CASH Pathward Financial Inc. | COM | 0 | $6.5M |
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: $551.7M.
Portfolio Sells Q1 2025 → Q2 2025
| VIG Vanguard Dividend Apprec ETF | Reduce -2.3% | 12.19% | −1.12 |
| DOCN Digitalocean Holdings Inc. | Reduce -0.0% | 1.97% | −0.62 |
| SPHQ Invesco S&P 500 Quality ETF | Reduce -0.6% | 9.83% | −0.53 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -51.6% | 0.37% | −0.49 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -8.7% | 0.92% | −0.23 |
| AAPL Apple Inc. | Reduce -5.1% | 0.72% | −0.21 |
| SDG Ish MSCI Glob Sust Deve Goal | Sold out | 0.00% | −0.19 |
| RPV Invesco S&P 500 Pure Value E | Reduce -78.5% | 0.04% | −0.18 |
| VGIT Vanguard Intermediate-Term T | Sold out | 0.00% | −0.14 |
| NOBL Proshares S&P 500 Dividend A | Reduce -2.4% | 0.82% | −0.14 |
| TOTL SS Doubleline TR Tact ETF | Reduce -48.0% | 0.10% | −0.12 |
| FOXA Fox Corp. Class A | Sold out | 0.00% | −0.10 |
| GPI Group 1 Automotive Inc. | Sold out | 0.00% | −0.09 |
| BNY Bank of New York Mellon Corp. | Sold out | 0.00% | −0.08 |
| GL Globe Life Inc. | Sold out | 0.00% | −0.08 |
| ORI Old Republic Intl Corp. | Sold out | 0.00% | −0.07 |
| CUZ Cousins Properties Inc. | Sold out | 0.00% | −0.07 |
| COF Capital One Financial Corp. | Sold out | 0.00% | −0.07 |
| MTB M & T Bank Corp. | Sold out | 0.00% | −0.07 |
| STT State Street Corp. | Sold out | 0.00% | −0.07 |
| MPC Marathon Petroleum Corp. | Sold out | 0.00% | −0.07 |
| CNA Cna Financial Corp. | Sold out | 0.00% | −0.07 |
| BBY Best Buy Co. Inc. | Sold out | 0.00% | −0.06 |
| RITM Rithm Capital Corp. | Sold out | 0.00% | −0.06 |
| CVS CVS Health Corp. | Sold out | 0.00% | −0.06 |
| PFG Principal Financial Group | Sold out | 0.00% | −0.06 |
| VZ Verizon Communications Inc. | Sold out | 0.00% | −0.06 |
| TAP Molson Coors Beverage Co. Class B | Reduce -9.4% | 0.10% | −0.06 |
| ICL Icl Group Ltd. | Sold out | 0.00% | −0.06 |
| PSX Phillips 66 | Reduce -51.5% | 0.04% | −0.05 |
| GE General Electric | Sold out | 0.00% | −0.05 |
| UNM Unum Group | Reduce -51.0% | 0.04% | −0.05 |
| BTG B2GOLD Corp. | Sold out | 0.00% | −0.05 |
| NOMD Nomad Foods Ltd. | Sold out | 0.00% | −0.05 |
| BMY Bristol-Myers Squibb Co. | Sold out | 0.00% | −0.05 |
| SNX TD Synnex Corp. | Sold out | 0.00% | −0.05 |
| VLO Valero Energy Corp. | Sold out | 0.00% | −0.05 |
| KBH KB Home | Sold out | 0.00% | −0.05 |
| STE Steris PLC | Sold out | 0.00% | −0.05 |
| LKQ LKQ Corp. | Sold out | 0.00% | −0.05 |
| XLE SS Energy Select Sector | Sold out | 0.00% | −0.05 |
| CMCSA Comcast Corp. Class A | Reduce -5.8% | 0.19% | −0.05 |
| CMC Commercial Metals Co. | Sold out | 0.00% | −0.05 |
| EG Everest Group Ltd. | Sold out | 0.00% | −0.04 |
| GIS General Mills Inc. | Sold out | 0.00% | −0.04 |
| CAG Conagra Brands Inc. | Sold out | 0.00% | −0.04 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.3% | 1.89% | −0.04 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -5.5% | 0.29% | −0.04 |
| AXS Axis Capital Holdings Ltd. | Reduce -46.4% | 0.04% | −0.04 |
| JNJ Johnson & Johnson | Reduce -13.8% | 0.09% | −0.04 |
Portfolio Buys Q1 2025 → Q2 2025
| FLJP Franklin Ftse Japan ETF | Add +118.3% | 0.90% | +0.47 |
| IOT Samsara Inc. Class A | Add +107.3% | 0.53% | +0.25 |
| VSGX Vanguard ESG Intl Stock ETF | New | 0.21% | +0.21 |
| DASH DoorDash Inc. Class A | New | 0.20% | +0.20 |
| VTEI Vanguard Int Tax-Exempt Bond | Add +108.4% | 0.42% | +0.19 |
| QVMT Invesco S&P 500 Concentrated | New | 0.14% | +0.14 |
| CMF iShares California Muni Bond | New | 0.13% | +0.13 |
| ORCL Oracle Corp. | Add +0.0% | 0.38% | +0.11 |
| HON Honeywell International Inc. | Add +164.6% | 0.17% | +0.10 |
| AVUV Avantis US Small Cap Value | Add +33.2% | 0.48% | +0.09 |
| QLTY GMO U.S. Quality ETF | Add +6.2% | 2.26% | +0.07 |
| ESGV Vanguard ESG US Stock ETF | Add +9.6% | 0.71% | +0.06 |
| MUB iShares National Muni Bond E | Add +96.4% | 0.13% | +0.05 |
| XP XP Inc. Class A | New | 0.05% | +0.05 |
| EMN Eastman Chemical Co. | New | 0.05% | +0.05 |
| NE Noble Corp. PLC | New | 0.05% | +0.05 |
| ALV Autoliv Inc. | New | 0.05% | +0.05 |
| LEVI Levi Strauss & Co. Class A | New | 0.05% | +0.05 |
| OSK Oshkosh Corp. | New | 0.05% | +0.05 |
| AMKR Amkor Technology Inc. | New | 0.05% | +0.05 |
| BPOP Popular Inc. | New | 0.04% | +0.04 |
| KEY Keycorp | New | 0.04% | +0.04 |
| PR Permian Resources Corp. Class A | New | 0.04% | +0.04 |
| JHG Janus Henderson Group PLC | New | 0.04% | +0.04 |
| MTDR Matador Resources Co. | New | 0.04% | +0.04 |
| DAL Delta Air Lines Inc. | New | 0.04% | +0.04 |
| BAP Credicorp Ltd. | New | 0.04% | +0.04 |
| CVE Cenovus Energy Inc. | New | 0.04% | +0.04 |
| CPA Copa Holdings SA Class A | New | 0.04% | +0.04 |
| BWA Borgwarner Inc. | New | 0.04% | +0.04 |
| FNB FNB Corp. | New | 0.04% | +0.04 |
| LEA Lear Corp. | New | 0.04% | +0.04 |
| GAP The Gap Inc. | New | 0.04% | +0.04 |
| FITB Fifth Third Bancorp | New | 0.04% | +0.04 |
| TOL Toll Brothers Inc. | New | 0.04% | +0.04 |
| FMC FMC Corp. | New | 0.04% | +0.04 |
| CADE Cadence Bank | New | 0.04% | +0.04 |
| CAH Cardinal Health Inc. | New | 0.04% | +0.04 |
| FHI Federated Hermes Inc. | New | 0.04% | +0.04 |
| FULT Fulton Financial Corp. | New | 0.04% | +0.04 |
| SWK Stanley Black & Decker Inc. | New | 0.04% | +0.04 |
| GOOGL Alphabet Inc. Class A | New | 0.04% | +0.04 |
| HST Host Hotels & Resorts Inc. | New | 0.04% | +0.04 |
| META Meta Platforms Inc. Class A | New | 0.04% | +0.04 |
| GS Goldman Sachs Group Inc. | New | 0.04% | +0.04 |
| PYPL PayPal Holdings Inc. | New | 0.04% | +0.04 |
| CHRD Chord Energy Corp. | New | 0.04% | +0.04 |
| ROK Rockwell Automation Inc. | New | 0.04% | +0.04 |
| IYW iShares Ustechnology ETF | New | 0.04% | +0.04 |
| KMPR Kemper Corp. | New | 0.04% | +0.04 |
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 |