Skip to main content
Livermore
Livermore
ZHEN

Paragon Capital Management Ltd

SEC CIK
0001569765
Latest filing
Jul 29, 2026

The latest 13F from Paragon Capital Management Ltd covers Q2 2026 (filed Jul 29, 2026): 223 long positions worth $528.0M. The top 10 holdings make up 65.9% of the portfolio, and the largest is Vanguard Dividend Appreciation ETF at 13.2%. 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
62
Est. +$15.8M
Added
31
Est. +$1.71M
Reduced
83
Est. −$23.9M
Sold out
38
Est. −$12.1M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Dividend Appreciation ETF921908844
    13.2%$69.8M
  2. Invesco S&P 500 Quality ETF46137V241
    11.9%$62.9M
  3. ABNBAirbnb, Inc.
    9.9%$52.0MHistory
  4. DOCNDigitalOcean Holdings, Inc.
    7.6%$40.2MHistory
  5. iShares Tr46434V456
    5.0%$26.6M

Share of portfolio

Top 5 holdings and the other 218 positions, by share of portfolio value

  1. Vanguard Dividend Appreciation ETF13.2%
  2. Invesco S&P 500 Quality ETF11.9%
  3. ABNB9.9%
  4. DOCN7.6%
  5. iShares Tr5.0%
  6. Other 218 positions52.4%

Biggest buys

New and added positions, by estimated amount bought

  1. INFQInfleqtion, Inc.
    +$1.25MNewHistory
  2. HONHoneywell International Inc
    +$445.4KNewHistory
  3. HONAHoneywell Aerospace Inc.
    +$439.5KNewHistory
  4. Gmo ETF Trust90139K100
    +$410.5KAdded
  5. DVADavita Inc.
    +$366.9KNewHistory

Largest weight increases

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

  1. INFQInfleqtion, Inc.
    +0.24 pp0.0% → 0.2%History
  2. Gmo ETF Trust90139K100
    +0.19 pp3.0% → 3.2%
  3. TXNTexas Instruments Inc
    +0.12 pp0.3% → 0.4%History
  4. HONHoneywell International Inc
    +0.08 pp0.0% → 0.1%History
  5. HONAHoneywell Aerospace Inc.
    +0.08 pp0.0% → 0.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. DOCNDigitalOcean Holdings, Inc.
    −$8.18MReducedHistory
  2. iShares Tr46434V456
    −$3.48MReduced
  3. Invesco S&P 500 Quality ETF46137V241
    −$1.84MReduced
  4. Vanguard Dividend Appreciation ETF921908844
    −$1.66MReduced
  5. POETPoet Technologies Inc.
    −$1.03MReducedHistory

Largest weight decreases

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

  1. iShares Tr46434V456
    −0.86 pp5.9% → 5.0%
  2. Pacer US Cash Cows 100 ETF69374H881
    −0.74 pp5.6% → 4.8%
  3. Vanguard Dividend Appreciation ETF921908844
    −0.42 pp13.7% → 13.2%
  4. MSFTMicrosoft Corp
    −0.42 pp4.4% → 4.0%History
  5. HONHoneywell International Inc
    −0.19 pp0.2% → 0.0%History

Metrics

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

Portfolio value
$528.0M
+$52.0M (+10.9%) vs. prior quarter
Positions
223
+24 vs. prior quarter
Top 10 concentration
65.9%
Top 10 as share of value
Turnover
3.5%
Q2 2026, one quarter
Average holding period
17.3 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 $623.4M (Q4 2021)

Q1 2021: $192.8MQ2 2021: $214.4MQ3 2021: $581.2MQ4 2021: $623.4MQ1 2022: $534.9MQ2 2022: $357.9MQ3 2022: $350.3MQ4 2022: $375.2MQ1 2023: $437.0MQ2 2023: $461.7MQ3 2023: $444.4MQ4 2023: $489.1MQ1 2024: $564.8MQ2 2024: $544.8MQ3 2024: $510.3MQ4 2024: $501.3MQ1 2025: $488.2MQ2 2025: $551.7MQ3 2025: $531.6MQ4 2025: $502.4MQ1 2026: $476.0MQ2 2026: $528.0M
Q1 2021Q2 2026
13F filings of Paragon Capital Management Ltd by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 29, 2026223$528.0MVanguard Dividend Appreciation ETFInvesco S&P 500 Quality ETFABNBvs. Q1 2026SEC
Q1 2026Apr 15, 2026199$476.0MVanguard Dividend Appreciation ETFInvesco S&P 500 Quality ETFABNBvs. Q4 2025SEC
Q4 2025Jan 22, 2026195$502.4MVanguard Dividend Appreciation ETFInvesco S&P 500 Quality ETFABNBvs. Q3 2025SEC
Q3 2025Oct 15, 2025201$531.6MVanguard Dividend Appreciation ETFInvesco S&P 500 Quality ETFCOINvs. Q2 2025SEC
Q2 2025Jul 16, 2025214$551.7MVanguard Dividend Appreciation ETFCOINInvesco S&P 500 Quality ETFvs. Q1 2025SEC
Q1 2025Apr 16, 2025197$488.2MVanguard Dividend Appreciation ETFInvesco S&P 500 Quality ETFABNBvs. Q4 2024SEC
Q4 2024Jan 14, 2025187$501.3MVanguard Dividend Appreciation ETFABNBInvesco S&P 500 Quality ETFvs. Q3 2024SEC
Q3 2024Oct 10, 2024206$510.3MVanguard Dividend Appreciation ETFABNBInvesco S&P 500 Quality ETFvs. Q2 2024SEC
Q2 2024Jul 12, 2024202$544.8MABNBVanguard Dividend Appreciation ETFInvesco S&P 500 Quality ETFvs. Q1 2024SEC
Q1 2024Apr 11, 2024194$564.8MABNBVanguard Dividend Appreciation ETFCOINvs. Q4 2023SEC
Q4 2023Jan 12, 2024170$489.1MABNBVanguard Dividend Appreciation ETFInvesco S&P 500 Quality ETFvs. Q3 2023SEC
Q3 2023Oct 10, 2023189$444.4MABNBVanguard Dividend Appreciation ETFInvesco S&P 500 Quality ETFvs. Q2 2023SEC
Q2 2023Jul 11, 2023191$461.7MABNBVanguard Dividend Appreciation ETFInvesco S&P 500 Quality ETFvs. Q1 2023SEC
Q1 2023Apr 13, 2023181$437.0MABNBVanguard Dividend Appreciation ETFInvesco S&P 500 Quality ETFvs. Q4 2022SEC
Q4 2022Jan 17, 2023173$375.2MVanguard Dividend Appreciation ETFABNBInvesco S&P 500 Quality ETFvs. Q3 2022SEC
Q3 2022Oct 14, 2022130$350.3MABNBVanguard Dividend Appreciation ETFInvesco S&P 500 Quality ETFvs. Q2 2022SEC
Q2 2022Jul 18, 2022158$357.9MABNBVanguard Dividend Appreciation ETFInvesco S&P 500 Quality ETFvs. Q1 2022SEC
Q1 2022Apr 19, 2022191$534.9MABNBVanguard Dividend Appreciation ETFInvesco S&P 500 Quality ETFvs. Q4 2021SEC
Q4 2021Jan 27, 2022557$623.4MABNBVanguard Dividend Appreciation ETFCOINvs. Q3 2021SEC
Q3 2021Oct 19, 2021183$581.2MABNBVanguard Dividend Appreciation ETFCOINvs. Q2 2021SEC
Q2 2021Jul 29, 2021132$214.4MVanguard Dividend Appreciation ETFMSFTProShares Trvs. Q1 2021SEC
Q1 2021Apr 21, 2021119$192.8MVanguard Dividend Appreciation ETFMSFTProShares Tr–SEC