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Livermore
Livermore
ZHEN

Paragon Capital Management LLC

SEC CIK
0001388437
Latest filing
Aug 5, 2026

The latest 13F from Paragon Capital Management LLC covers Q2 2026 (filed Aug 5, 2026): 60 long positions worth $216.1M. The top 10 holdings make up 60.7% of the portfolio, and the largest is Apple Inc. (AAPL) at 10.6%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
4
Est. +$2.04M
Added
10
Est. +$179.3K
Reduced
35
Est. −$2.72M
Sold out
1
Est. −$1.62M

Top 5 holdings

Share of this quarter's portfolio value

  1. AAPLApple Inc.
    10.6%$22.9MHistory
  2. iShares Tr464287622
    10.1%$21.9M
  3. CASYCaseys General Stores Inc
    7.7%$16.6MHistory
  4. MSFTMicrosoft Corp
    6.5%$14.0MHistory
  5. COSTCostco Wholesale Corp
    6.3%$13.5MHistory

Share of portfolio

Top 5 holdings and the other 55 positions, by share of portfolio value

  1. AAPL10.6%
  2. iShares Tr10.1%
  3. CASY7.7%
  4. MSFT6.5%
  5. COST6.3%
  6. Other 55 positions58.8%

Biggest buys

New and added positions, by estimated amount bought

  1. FDXFFedEx Freight Holding Company, Inc.
    +$1.40MNewHistory
  2. Schwab Fundamental U.S. Small Company ETF808524763
    +$230.8KNew
  3. Vanguard Morningstar Large-Cap ETF922908637
    +$204.6KNew
  4. GSGoldman Sachs Group Inc
    +$203.3KNewHistory
  5. BRK.BBerkshire Hathaway Inc
    +$52.5KAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. FDXFFedEx Freight Holding Company, Inc.
    +0.65 pp0.0% → 0.6%History
  2. Schwab Fundamental U.S. Small Company ETF808524763
    +0.11 pp0.0% → 0.1%
  3. Vanguard Morningstar Large-Cap ETF922908637
    +0.09 pp0.0% → 0.1%
  4. GSGoldman Sachs Group Inc
    +0.09 pp0.0% → 0.1%History
  5. VVisa Inc.
    +0.09 pp1.2% → 1.3%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. XOMExxonMobil Holdings Corp
    −$1.62MSold outHistory
  2. iShares Tr464287622
    −$349.3KReduced
  3. AAPLApple Inc.
    −$343.5KReducedHistory
  4. CASYCaseys General Stores Inc
    −$261.5KReducedHistory
  5. INTCIntel Corp
    −$218.8KReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. COPConocoPhillips
    −1.32 pp4.7% → 3.4%History
  2. COSTCostco Wholesale Corp
    −0.90 pp7.2% → 6.3%History
  3. XOMExxonMobil Holdings Corp
    −0.80 pp0.8% → 0.0%History
  4. FDXFedEx Corp
    −0.62 pp3.3% → 2.7%History
  5. CVXChevron Corp
    −0.47 pp1.7% → 1.3%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$216.1M
+$14.1M (+7.0%) vs. prior quarter
Positions
60
+3 vs. prior quarter
Top 10 concentration
60.7%
Top 10 as share of value
Turnover
1.1%
Q2 2026, one quarter
Average holding period
20.1 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $216.1M (Q2 2026)

Q1 2021: $199.4MQ2 2021: $200.4MQ3 2021: $190.3MQ4 2021: $198.7MQ1 2022: $196.1MQ2 2022: $169.4MQ3 2022: $154.9MQ4 2022: $160.5MQ1 2023: $165.0MQ2 2023: $174.2MQ3 2023: $170.0MQ4 2023: $176.2MQ1 2024: $185.6MQ2 2024: $185.3MQ3 2024: $193.3MQ4 2024: $186.6MQ1 2025: $174.8MQ2 2025: $194.7MQ3 2025: $207.1MQ4 2025: $197.4MQ1 2026: $202.0MQ2 2026: $216.1M
Q1 2021Q2 2026
13F filings of Paragon Capital Management LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 5, 202660$216.1MAAPLiShares TrCASYvs. Q1 2026SEC
Q1 2026May 15, 202657$202.0MAAPLiShares TrCASYvs. Q4 2025SEC
Q4 2025Feb 13, 202659$197.4MAAPLiShares TrMSFTvs. Q3 2025SEC
Q3 2025Nov 12, 202558$207.1MAAPLiShares TrMSFTvs. Q2 2025SEC
Q2 2025Aug 8, 202558$194.7MMSFTiShares TrAAPLvs. Q1 2025SEC
Q1 2025May 5, 202550$174.8MAAPLiShares TrCOSTvs. Q4 2024SEC
Q4 2024Feb 11, 202553$186.6MAAPLiShares TrMSFTvs. Q3 2024SEC
Q3 2024Nov 4, 202460$193.3MAAPLiShares TrMSFTvs. Q2 2024SEC
Q2 2024Aug 12, 202452$185.3MMSFTAAPLiShares Trvs. Q1 2024SEC
Q1 2024May 13, 202453$185.6MMSFTiShares TrAAPLvs. Q4 2023SEC
Q4 2023Feb 13, 202452$176.2MAAPLiShares TrMSFTvs. Q3 2023SEC
Q3 2023Nov 8, 202355$170.0MAAPLiShares TrMSFTvs. Q2 2023SEC
Q2 2023Aug 8, 202354$174.2MAAPLiShares TrMSFTvs. Q1 2023SEC
Q1 2023May 11, 202352$165.0MAAPLiShares TrMSFTvs. Q4 2022SEC
Q4 2022Feb 8, 202351$160.5MiShares TrAAPLMSFTvs. Q3 2022SEC
Q3 2022Nov 8, 202255$154.9MiShares TrAAPLMSFTvs. Q2 2022SEC
Q2 2022Aug 10, 202262$169.4MiShares TrAAPLMSFTvs. Q1 2022SEC
Q1 2022May 11, 202262$196.1MAAPLiShares TrMSFTvs. Q4 2021SEC
Q4 2021Feb 11, 202254$198.7MiShares TrAAPLMSFTvs. Q3 2021SEC
Q3 2021Nov 10, 202157$190.3MiShares TrAAPLMSFTvs. Q2 2021SEC
Q2 2021Aug 11, 202165$200.4MiShares TrAAPLMSFTvs. Q1 2021SEC
Q1 2021Apr 30, 202168$199.4MiShares TrAAPLMSFT–SEC