# PARAGON ASSOCIATES & PARAGON ASSOCIATES II JOINT VENTURE

> Institutional holdings reported to the SEC as of Q1 2026 on Form 13F. CIK 1047859. Source: https://holderbook.com/funds/1047859-paragon-associates-paragon-associates-ii-joint-venture/

- Reported value: $73.6M
- Positions: 14
- Weight of the ten largest: 90.0%
- Filed: 2026-05-15

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| COEUR MNG INC | [CDE](https://holderbook.com/stocks/CDE/) | $12.2M | 649,999 | 16.6% | 1 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $9.8M | 15,000 | 13.3% | 1 |
| CAREDX INC | [CDNA](https://holderbook.com/stocks/CDNA/) | $8.7M | 500,000 | 11.8% | 5 |
| DIAMEDICA THERAPEUTICS INC | [DMAC](https://holderbook.com/stocks/DMAC/) | $5.9M | 875,000 | 8.1% | 12 |
| NAVIGATOR HLDGS LTD | [NVGS](https://holderbook.com/stocks/NVGS/) | $5.8M | 300,000 | 7.9% | 30 |
| NPK INTERNATIONAL INC | [NPKI](https://holderbook.com/stocks/NPKI/) | $5.4M | 375,000 | 7.4% | 6 |
| SUNOPTA INC | [STKL](https://holderbook.com/stocks/STKL/) | $5.2M | 804,187 | 7.1% | 4 |
| AGNICO EAGLE MINES LTD | [AEM](https://holderbook.com/stocks/AEM/) | $5.1M | 25,000 | 6.9% | 18 |
| WESTERN MIDSTREAM PARTNERS L | [WES](https://holderbook.com/stocks/WES/) | $4.1M | 100,000 | 5.6% | 1 |
| EPSILON ENERGY LTD | [EPSN](https://holderbook.com/stocks/EPSN/) | $4.0M | 650,000 | 5.4% | 29 |
| I-80 GOLD CORP | [IAUX](https://holderbook.com/stocks/IAUX/) | $3.8M | 2,500,000 | 5.2% | 3 |
| PROFOUND MED CORP | [PROF](https://holderbook.com/stocks/PROF/) | $1.8M | 276,001 | 2.4% | 1 |
| IRIDEX CORP | [IRIX](https://holderbook.com/stocks/IRIX/) | $1.0M | 1,000,000 | 1.4% | 30 |
| NEXMETALS MINING CORP. | [NEXM](https://holderbook.com/stocks/NEXM/) | $796.2K | 325,000 | 1.1% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q1 2026 | +9.1% | -4.6% | +13.7% | 100% |
| Q4 2025 | +8.0% | +2.4% | +5.7% | 100% |
| Q3 2025 | +15.6% | +7.8% | +7.8% | 99% |
| Q2 2025 | +11.0% | +10.5% | +0.6% | 100% |
| Q1 2025 | +2.8% | -4.6% | +7.4% | 100% |
| Q4 2024 | -0.6% | +2.1% | -2.7% | 100% |
| Q3 2024 | +8.2% | +5.4% | +2.7% | 100% |
| Q2 2024 | +0.3% | +4.0% | -3.8% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2026 | $73.6M | 14 |
| Q4 2025 | $48.4M | 12 |
| Q3 2025 | $56.1M | 12 |
| Q2 2025 | $63.0M | 15 |
| Q1 2025 | $42.7M | 13 |
| Q4 2024 | $43.2M | 12 |
| Q3 2024 | $55.7M | 16 |
| Q2 2024 | $40.9M | 11 |
| Q1 2024 | $56.1M | 16 |
| Q4 2023 | $43.6M | 15 |
| Q3 2023 | $30.5M | 10 |
| Q2 2023 | $48.9M | 13 |