Paragon Wealth Strategies, LLC
- SEC CIK
- 0001680638
- Latest filing
- Jan 3, 2024
The latest 13F from Paragon Wealth Strategies, LLC covers Q4 2023 (filed Jan 3, 2024): 40 long positions worth $363.3M. The top 10 holdings make up 90.1% of the portfolio, and the largest is Vanguard S&P 500 ETF at 12.8%. Livermore has 12 filings on Form 13F from this institution, going back to Q1 2021.
What changed in Q4 2023
Share counts compared with Q3 2023: 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.
- New
- 8
- Est. +$145.8M
- Added
- 13
- Est. +$46.7M
- Reduced
- 8
- Est. −$47.8M
- Sold out
- 6
- Est. −$140.7M
Top 5 holdings
Share of this quarter's portfolio value
- Vanguard S&P 500 ETF92290836312.8%$46.6M
- Dimensional ETF Trust25434V80711.8%$43.0M
- Dimensional U.S. Core Equity 2 ETF25434V70811.7%$42.3M
- iShares Russell 1000 Growth ETF46428761410.4%$37.6M
- Invesco QQQ Trust Series I46090E10310.2%$37.2M
Share of portfolio
Top 5 holdings and the other 35 positions, by share of portfolio value
- Vanguard S&P 500 ETF12.8%
- Dimensional ETF Trust11.8%
- Dimensional U.S. Core Equity 2 ETF11.7%
- iShares Russell 1000 Growth ETF10.4%
- Invesco QQQ Trust Series I10.2%
- Other 35 positions43.1%
Biggest buys
New and added positions, by estimated amount bought
- Vanguard S&P 500 ETF922908363+$45.7MAdded
- Dimensional ETF Trust25434V807+$43.0MNew
- Dimensional U.S. Core Equity 2 ETF25434V708+$42.3MNew
- Dimensional ETF Trust25434V831+$30.7MNew
- Dimensional ETF Trust25434V724+$28.8MNew
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- Vanguard S&P 500 ETF922908363+12.60 pp0.2% → 12.8%
- Dimensional ETF Trust25434V807+11.85 pp0.0% → 11.8%
- Dimensional U.S. Core Equity 2 ETF25434V708+11.65 pp0.0% → 11.7%
- Dimensional ETF Trust25434V831+8.45 pp0.0% → 8.4%
- Dimensional ETF Trust25434V724+7.93 pp0.0% → 7.9%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- SPYSPDR S&P 500 ETF Trust
- Schwab Fundamental International Equity ETF808524755−$40.5MSold out
- Pacer US Cash Cows 100 ETF69374H881−$28.4MSold out
- Invesco Exchange Traded FD T46137V258−$26.3MSold out
- iShares Semiconductor ETF464287523−$15.0MReduced
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- SPYSPDR S&P 500 ETF Trust
- Schwab Fundamental International Equity ETF808524755−12.09 pp12.1% → 0.0%
- Pacer US Cash Cows 100 ETF69374H881−8.48 pp8.5% → 0.0%
- Invesco Exchange Traded FD T46137V258−7.86 pp7.9% → 0.0%
- Global X FDS37954Y673−3.91 pp4.0% → 0.1%
Metrics
13F metrics for Q4 2023, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $363.3M
- +$28.0M (+8.4%) vs. prior quarter
- Positions
- 40
- +2 vs. prior quarter
- Top 10 concentration
- 90.1%
- Top 10 as share of value
- Turnover
- 54.0%
- Q4 2023, one quarter
- Average holding period
- 3.7 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
12 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $413.7M (Q4 2021)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q4 2023 | Jan 3, 2024 | 40 | $363.3M | Vanguard S&P 500 ETFDimensional ETF TrustDimensional U.S. Core Equity 2 ETF | vs. Q3 2023 | SEC |
| Q3 2023 | Oct 16, 2023 | 38 | $335.2M | SPYiShares Russell 1000 Growth ETFSchwab Fundamental International Equity ETF | vs. Q2 2023 | SEC |
| Q2 2023 | Jul 27, 2023 | 38 | $316.7M | iShares Russell 1000 Growth ETFSPYSchwab Fundamental International Equity ETF | vs. Q1 2023 | SEC |
| Q1 2023 | Apr 26, 2023 | 36 | $164.3M | iShares TrPacer US Small Cap Cash Cows ETFiShares Tr | vs. Q4 2022 | SEC |
| Q4 2022 | Jan 30, 2023 | 248 | $83.5M | iShares TriShares TrSsga Active ETF Tr | vs. Q3 2022 | SEC |
| Q3 2022 | Nov 3, 2022 | 188 | $101.7M | ProShares TrProShares TrInvesco Exch Traded FD Tr II | vs. Q2 2022 | SEC |
| Q2 2022 | Jul 11, 2022 | 25 | $89.1M | ProShares TrProShares TrProShares Tr | vs. Q1 2022 | SEC |
| Q1 2022 | Apr 22, 2022 | 50 | $381.9M | Invesco QQQ Trust Series IVanguard S&P 500 ETFPacer Lunt Large Cap Multi-Factor Alternator ETF | vs. Q4 2021 | SEC |
| Q4 2021 | Jan 20, 2022 | 49 | $413.7M | Vanguard S&P 500 ETFInvesco QQQ Trust Series IVanguard Morningstar Value ETF | vs. Q3 2021 | SEC |
| Q3 2021 | Oct 29, 2021 | 42 | $375.3M | Invesco QQQ Trust Series IVanguard S&P 500 ETFiShares Russell 1000 Growth ETF | vs. Q2 2021 | SEC |
| Q2 2021 | Jul 12, 2021 | 295 | $365.2M | Vanguard S&P 500 ETFInvesco QQQ Trust Series IiShares Russell 1000 Growth ETF | vs. Q1 2021 | SEC |
| Q1 2021 | Apr 8, 2021 | 39 | $328.8M | Vanguard S&P 500 ETFInvesco QQQ Trust Series IiShares Russell 1000 Growth ETF | – | SEC |