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Paragon 28, Inc.

FNADelisted
Industry
Surgical & Medical Instruments & Apparatus
SEC CIK
0001531978

Paragon 28, Inc. was delisted in 2025; its insiders filed their last Form 4 on Apr 21, 2025; 159 institutions reported holding it in 13F filings for Q1 2025, worth $717.6M in total; no superinvestor held it.

13F holders, Q1 2025

Institutional positions in Paragon 28, Inc. as of Mar 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

FNA is no longer listed, so this page shows Q1 2025. 13F filings for later quarters list far fewer holders.

Institutional holders
159
+30 vs. Q4 2024
Shares held
54.9M
+7.40M (+15.6%) vs. Q4 2024
Total value
$716.2M
+$226.3M (+46.2%) vs. Q4 2024
New holders
63
44 more added
Sold out
33
38 more reduced

1 institution that held it in Q4 2024 haven't filed for Q1 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q4 2024: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting FNA on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ1 2025: 159 institutions
Q1 2021: 0 institutionsQ2 2021: 0 institutionsQ3 2021: 0 institutionsQ4 2021: 58 institutionsQ1 2022: 56 institutionsQ2 2022: 67 institutionsQ3 2022: 79 institutionsQ4 2022: 86 institutionsQ1 2023: 106 institutionsQ2 2023: 106 institutionsQ3 2023: 95 institutionsQ4 2023: 111 institutionsQ1 2024: 107 institutionsQ2 2024: 111 institutionsQ3 2024: 113 institutionsQ4 2024: 130 institutionsQ1 2025: 159 institutionsQ2 2025: 2 institutionsQ3 2025: 0 institutionsQ4 2025: 0 institutionsQ1 2026: 0 institutionsQ2 2026: 0 institutions
Value heldQ1 2025: $717.6M
Q1 2021: $0Q2 2021: $0Q3 2021: $0Q4 2021: $418.6MQ1 2022: $410.6MQ2 2022: $483.4MQ3 2022: $471.9MQ4 2022: $587.2MQ1 2023: $615.0MQ2 2023: $691.6MQ3 2023: $514.9MQ4 2023: $511.6MQ1 2024: $515.8MQ2 2024: $326.4MQ3 2024: $340.9MQ4 2024: $491.7MQ1 2025: $717.6MQ2 2025: $1.05KQ3 2025: $0Q4 2025: $0Q1 2026: $0Q2 2026: $0
Institutions holding FNA and their total value by quarter
QuarterHoldersValue
Q2 20260$0
Q1 20260$0
Q4 20250$0
Q3 20250$0
Q2 20252$1.05K
Q1 2025159$717.6M
Q4 2024130$491.7M
Q3 2024113$340.9M
Q2 2024111$326.4M
Q1 2024107$515.8M
Q4 2023111$511.6M
Q3 202395$514.9M
Q2 2023106$691.6M
Q1 2023106$615.0M
Q4 202286$587.2M
Q3 202279$471.9M
Q2 202267$483.4M
Q1 202256$410.6M
Q4 202158$418.6M
Q3 20210$0
Q2 20210$0
Q1 20210$0

Institutions, Q1 2025

Shares, value and share of portfolio for each institution holding Paragon 28, Inc.; share changes are against Q4 2024.

Institutions holding FNA in Q1 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Glazer Capital, LLC5,793,292$75.7M3.50%+5,793,292New
MVM Partners, LLC4,854,882$63.4M80.36%−5,531,263−53.3%Reduced
UBS Group AG4,752,579$62.1M0.01%+4,676,253+6,126.7%Added
BlackRock, Inc.3,605,074$47.1M0.00%+86,824+2.5%Added
Vanguard Group Inc2,986,459$39.0M0.00%+177,350+6.3%Added
Trium Capital LLP2,795,307$36.5M14.82%+2,795,307New
TIG Advisors, LLC2,556,451$33.4M2.18%+2,556,451New
Cadian Capital Management, LP2,075,005$27.1M1.16%+672,085+47.9%Added
Rubric Capital Management LP1,879,635$24.5M0.44%+1,879,635New
Gabelli & Co Investment Advisers, Inc.1,400,607$18.3M2.77%+1,400,607New
Gabelli Funds LLC1,285,906$16.8M0.13%+1,285,906New
Millennium Management LLC1,115,290$14.6M0.01%+766,984+220.2%Added
State Street Corp1,091,911$14.3M0.00%+43,570+4.2%Added
Geode Capital Management, LLC1,006,426$13.1M0.00%+27,594+2.8%Added
CIBRA Capital Ltd931,679$12.2M4.24%+931,679New
Jane Street Group, LLC904,938$11.8M0.02%+830,135+1,109.8%Added
Pentwater Capital Management LP900,000$11.8M0.16%+900,000New
Schonfeld Strategic Advisors LLC768,640$10.0M0.07%+768,640New
Picton Mahoney Asset Management750,000$9.80M0.34%+750,000New
Park Edge Advisors, LLC598,870$7.82M2.18%00.0%Unchanged
ExodusPoint Capital Management, LP595,652$7.78M0.10%+544,817+1,071.7%Added
Chicago Capital Management, LLC571,300$7.46M4.64%+571,300New
First Light Asset Management, LLC500,000$6.53M0.75%−10,080,467−95.3%Reduced
Trexquant Investment LP465,228$6.08M0.07%+465,228New
Northern Trust Corp441,716$5.77M0.00%−14,856−3.3%Reduced
Goldman Sachs Group Inc430,319$5.62M0.00%+215,484+100.3%Added
HighMark Wealth Management LLC403,226$5.27M3.11%−108,918−21.3%Reduced
Murchinson Ltd.400,000$5.22M0.74%+400,000New
Omers Administration Corp360,100$4.70M0.04%+360,100New
Water Island Capital LLC358,000$4.68M0.81%+358,000New
Charles Schwab Investment Management Inc341,404$4.46M0.00%−3,842−1.1%Reduced
Woodline Partners LP325,292$4.25M0.03%+325,292New
Citadel Advisors LLC307,819$4.02M0.00%+294,049+2,135.4%Added
Morgan Stanley306,670$4.01M0.00%+59,172+23.9%Added
CNH Partners LLC306,387$4.00M0.10%+306,387New
Groupe la Francaise295,590$3.85M0.08%+295,590New
Yakira Capital Management, Inc.289,667$3.78M1.54%+289,667New
Tudor Investment Corp Et Al270,776$3.54M0.03%+216,572+399.5%Added
Boothbay Fund Management, LLC252,501$3.30M0.11%+252,501New
JPMorgan Chase & Co231,608$3.02M0.00%−577,003−71.4%Reduced
New York Life Investment Management LLC222,637$2.91M0.03%+222,637New
Meteora Capital, LLC205,000$2.68M0.95%+205,000New
Lifeworks Advisors, LLC200,295$2.62M0.43%+200,295New
Athos Capital Ltd200,000$2.61M3.21%+200,000New
Credit Industriel Et Commercial194,742$2.54M0.46%+194,742New
Alpine Global Management, LLC190,723$2.49M0.66%+190,723New
Harvest Management LLC176,780$2.31M1.07%+176,780New
Nuveen, LLC169,058$2.21M0.00%+169,058New
Deltec Asset Management LLC152,261$1.99M0.43%+152,261New
Prelude Capital Management, LLC147,024$1.92M0.19%+147,024New
CSS LLC142,582$1.86M0.13%+142,582New
Balyasny Asset Management LLC139,053$1.82M0.00%+125,765+946.5%Added
Healthcare of Ontario Pension Plan Trust Fund122,848$1.60M0.00%+122,848New
Bank of New York Mellon Corp122,748$1.60M0.00%−793−0.6%Reduced
Mint Tower Capital Management B.V.110,000$1.44M0.53%+110,000New
BCK Capital Management LP109,000$1.42M1.11%+109,000New
Prescott Group Capital Management, L.L.C.100,000$1.31M0.19%00.0%Unchanged
Marshall Wace, LLP99,851$1.30M0.00%+8,138+8.9%Added
Vivaldi Asset Management, LLC97,345$1.27M0.09%+97,345New
UBS Asset Management Americas Inc97,318$1.27M0.00%+16,029+19.7%Added
RK Capital Management, LLC95,900$1.25M1.19%+95,900New
Susquehanna International Group, LLP85,261$1.11M0.00%+40,235+89.4%Added
MN Wealth Advisors, LLC83,335$1.09M0.64%−1,200−1.4%Reduced
Squarepoint Ops LLC81,585$1.07M0.00%+52,284+178.4%Added
GTS Securities LLC75,124$981.1K0.04%+75,124New
Swiss National Bank73,900$965.1K0.00%00.0%Unchanged
Cubist Systematic Strategies, LLC67,689$884.0K0.01%−37,487−35.6%Reduced
One68 Global Capital, LLC67,000$875.0K0.43%+67,000New
Rhumbline Advisers66,982$874.8K0.00%+4,121+6.6%Added
Barclays PLC65,960$861.4K0.00%−24,698−27.2%Reduced
Bank of America Corp64,880$847.3K0.00%−719,780−91.7%Reduced
Cambridge Investment Research Advisors, Inc.64,324$840.0K0.00%−740−1.1%Reduced
Graham Capital Management, L.P.61,541$803.7K0.03%+61,541New
Arrowstreet Capital, Limited Partnership57,998$757.5K0.00%+57,998New
Alliancebernstein L.P.57,560$751.7K0.00%+3,340+6.2%Added
Toronto Dominion Bank52,936$691.3K0.00%+52,936New
Verition Fund Management LLC51,302$670.0K0.00%+22,926+80.8%Added
JBF Capital, Inc.50,000$653.0K0.13%+50,000New
Rangeley Capital, LLC50,000$653.0K0.74%+50,000New
Aquatic Capital Management LLC48,287$630.6K0.02%+35,242+270.2%Added
SG Americas Securities, LLC47,048$614.0K0.00%+20,294+75.9%Added
Algert Global LLC46,160$602.9K0.01%+46,160New
Virtu Financial LLC44,661$583.0K0.03%+44,661New
Brevan Howard Capital Management LP40,298$526.3K0.01%+40,298New
Mariner, LLC38,598$504.1K0.00%−185−0.5%Reduced
Deutsche Bank AG36,893$481.8K0.00%−3,542−8.8%Reduced
Quest Partners LLC36,554$477.4K0.05%+32,874+893.3%Added
Citigroup Inc36,236$473.2K0.00%−3,446−8.7%Reduced
California State Teachers Retirement System35,827$467.9K0.00%00.0%Unchanged
Legal & General Group Plc33,075$432.0K0.00%+4,521+15.8%Added
PenderFund Capital Management Ltd.41,900$375.7K0.10%+41,900New
Creative Planning28,625$373.8K0.00%+5,001+21.2%Added
Mirae Asset Global ETFs Holdings Ltd.27,989$365.5K0.00%+1,170+4.4%Added
Dark Forest Capital Management LP27,391$357.7K0.02%+27,391New
MetLife Investment Management26,868$350.9K0.00%−544−2.0%Reduced
CWM Advisors, LLC26,350$344.1K0.04%−12,251−31.7%Reduced
Wells Fargo & Company26,104$340.9K0.00%+756+3.0%Added
Intech Investment Management LLC24,887$325.0K0.00%+1,103+4.6%Added
Invesco Ltd.24,454$319.4K0.00%−1,090−4.3%Reduced
Corebridge Financial, Inc.23,351$305.0K0.00%−77−0.3%Reduced