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Livermore
Livermore
ZHEN

Paragon Capital Management Inc

SEC CIK
0002038506
Latest filing
Jul 22, 2026

The latest 13F from Paragon Capital Management Inc covers Q2 2026 (filed Jul 22, 2026): 71 long positions worth $133.8M. The top 10 holdings make up 46.7% of the portfolio, and the largest is iShares Tr at 10.1%. Livermore has 19 filings on Form 13F from this institution, going back to Q4 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
11
Est. +$12.2M
Added
13
Est. +$6.92M
Reduced
42
Est. −$2.16M
Sold out
10
Est. −$10.6M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Tr464287440
    10.1%$13.5M
  2. iShares Trust iShares 0-1 Year Treasury Bond ETF464288679
    6.7%$9.02M
  3. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    5.9%$7.90M
  4. INTCIntel Corp
    5.4%$7.18MHistory
  5. Janus Detroit STR Tr47103U845
    4.4%$5.88M

Share of portfolio

Top 5 holdings and the other 66 positions, by share of portfolio value

  1. iShares Tr10.1%
  2. iShares Trust iShares 0-1 Year Treasury Bond ETF6.7%
  3. State Street SPDR Bloomberg 1-3 Month T-Bill ETF5.9%
  4. INTC5.4%
  5. Janus Detroit STR Tr4.4%
  6. Other 66 positions67.5%

Biggest buys

New and added positions, by estimated amount bought

  1. INTCIntel Corp
    +$6.18MAddedHistory
  2. DVNDevon Energy Corp
    +$1.50MNewHistory
  3. BKNGBooking Holdings Inc.
    +$1.44MNewHistory
  4. VEEVVeeva Systems Inc
    +$1.28MNewHistory
  5. VRSKVerisk Analytics, Inc.
    +$1.21MNewHistory

Largest weight increases

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

  1. INTCIntel Corp
    +5.10 pp0.3% → 5.4%History
  2. DVNDevon Energy Corp
    +1.12 pp0.0% → 1.1%History
  3. BKNGBooking Holdings Inc.
    +1.08 pp0.0% → 1.1%History
  4. VEEVVeeva Systems Inc
    +0.95 pp0.0% → 1.0%History
  5. VRSKVerisk Analytics, Inc.
    +0.90 pp0.0% → 0.9%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. CTRACoterra Energy Inc.
    −$1.87MSold outHistory
  2. PGRProgressive Corp
    −$1.30MSold outHistory
  3. BIRKBirkenstock Holding plc
    −$1.19MSold outHistory
  4. NVRNVR Inc
    −$1.07MSold outHistory
  5. TYLTyler Technologies Inc
    −$1.06MSold outHistory

Largest weight decreases

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

  1. CTRACoterra Energy Inc.
    −1.58 pp1.6% → 0.0%History
  2. PGRProgressive Corp
    −1.10 pp1.1% → 0.0%History
  3. BIRKBirkenstock Holding plc
    −1.00 pp1.0% → 0.0%History
  4. iShares Trust iShares 0-1 Year Treasury Bond ETF464288679
    −0.94 pp7.7% → 6.7%
  5. NVRNVR Inc
    −0.91 pp0.9% → 0.0%History

Metrics

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

Portfolio value
$133.8M
+$15.8M (+13.3%) vs. prior quarter
Positions
71
+1 vs. prior quarter
Top 10 concentration
46.7%
Top 10 as share of value
Turnover
10.1%
Q2 2026, one quarter
Average holding period
10.1 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 (Q4 2021), so positions held before then are understated.

13F filings by quarter

19 quarters, going back to Q4 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $135.6M (Q3 2024)

Q4 2021: $117.1MQ1 2022: $107.8MQ2 2022: $98.7MQ3 2022: $102.1MQ4 2022: $107.4MQ1 2023: $114.7MQ2 2023: $118.5MQ3 2023: $117.1MQ4 2023: $125.0MQ1 2024: $133.6MQ2 2024: $131.1MQ3 2024: $135.6MQ4 2024: $127.9MQ1 2025: $123.8MQ2 2025: $131.1MQ3 2025: $133.7MQ4 2025: $129.3MQ1 2026: $118.0MQ2 2026: $133.8M
Q4 2021Q2 2026
13F filings of Paragon Capital Management Inc by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 22, 202671$133.8MiShares TriShares Trust iShares 0-1 Year Treasury Bond ETFState Street SPDR Bloomberg 1-3 Month T-Bill ETFvs. Q1 2026SEC
Q1 2026Apr 17, 202670$118.0MiShares TriShares Trust iShares 0-1 Year Treasury Bond ETFState Street SPDR Bloomberg 1-3 Month T-Bill ETFvs. Q4 2025SEC
Q4 2025Jan 23, 202674$129.3MiShares TriShares Trust iShares 0-1 Year Treasury Bond ETFState Street SPDR Bloomberg 1-3 Month T-Bill ETFvs. Q3 2025SEC
Q3 2025Oct 15, 202572$133.7MiShares TriShares Trust iShares 0-1 Year Treasury Bond ETFState Street SPDR Bloomberg 1-3 Month T-Bill ETFvs. Q2 2025SEC
Q2 2025Aug 6, 202571$131.1MiShares Trust iShares 0-1 Year Treasury Bond ETFiShares TrState Street SPDR Bloomberg 1-3 Month T-Bill ETFvs. Q1 2025SEC
Q1 2025Apr 24, 202572$123.8MiShares Trust iShares 0-1 Year Treasury Bond ETFiShares TrState Street SPDR Bloomberg 1-3 Month T-Bill ETFvs. Q4 2024SEC
Q4 2024Jan 27, 202566$127.9MiShares TriShares Trust iShares 0-1 Year Treasury Bond ETFState Street SPDR Bloomberg 1-3 Month T-Bill ETFvs. Q3 2024SEC
Q3 2024Oct 16, 202467$135.6MiShares Trust iShares 0-1 Year Treasury Bond ETFiShares TrState Street SPDR Bloomberg 1-3 Month T-Bill ETFvs. Q2 2024SEC
Q2 2024Sep 26, 202467$131.1MiShares Trust iShares 0-1 Year Treasury Bond ETFState Street SPDR Bloomberg 1-3 Month T-Bill ETFiShares Trvs. Q1 2024SEC
Q1 2024Sep 26, 202469$133.6MiShares Trust iShares 0-1 Year Treasury Bond ETFState Street SPDR Bloomberg 1-3 Month T-Bill ETFiShares Trvs. Q4 2023SEC
Q4 2023Sep 26, 202466$125.0MiShares Trust iShares 0-1 Year Treasury Bond ETFiShares TrState Street SPDR Bloomberg 1-3 Month T-Bill ETFvs. Q3 2023SEC
Q3 2023Sep 26, 202466$117.1MiShares Trust iShares 0-1 Year Treasury Bond ETFState Street SPDR Bloomberg 1-3 Month T-Bill ETFiShares Trvs. Q2 2023SEC
Q2 2023Sep 26, 202469$118.5MiShares Trust iShares 0-1 Year Treasury Bond ETFState Street SPDR Bloomberg 1-3 Month T-Bill ETFiShares Trvs. Q1 2023SEC
Q1 2023Sep 26, 202468$114.7MiShares Trust iShares 0-1 Year Treasury Bond ETFiShares TrState Street SPDR Bloomberg 1-3 Month T-Bill ETFvs. Q4 2022SEC
Q4 2022Sep 25, 202474$107.4MiShares Trust iShares 0-1 Year Treasury Bond ETFiShares TriShares U S ETF Trvs. Q3 2022SEC
Q3 2022Sep 25, 202476$102.1MiShares Trust iShares 0-1 Year Treasury Bond ETFiShares TriShares U S ETF Trvs. Q2 2022SEC
Q2 2022Sep 25, 202475$98.7MiShares Trust iShares 0-1 Year Treasury Bond ETFiShares TriShares U S ETF Trvs. Q1 2022SEC
Q1 2022Sep 25, 202469$107.8MState Street Consumer Staples Select Sector SPDR ETFiShares TriShares Trust iShares 0-1 Year Treasury Bond ETFvs. Q4 2021SEC
Q4 2021Sep 25, 202466$117.1MInvesco QQQ Trust Series IiShares Russell 2000 ETFiShares Tr–SEC