# Paragon Capital Management LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1388437. Source: https://holderbook.com/funds/1388437-paragon-capital-management-llc/

- Reported value: $216.1M
- Positions: 60
- Weight of the ten largest: 60.7%
- Filed: 2026-08-05

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 |
|---|---|---|---|---|---|
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $22.9M | 79,009 | 10.6% | 31 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $21.9M | 53,446 | 10.1% | 31 |
| CASEYS GEN STORES INC | [CASY](https://holderbook.com/stocks/CASY/) | $16.6M | 20,935 | 7.7% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $14.0M | 37,515 | 6.5% | 31 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $13.5M | 14,480 | 6.3% | 31 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $10.1M | 85,599 | 4.7% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $9.9M | 41,390 | 4.6% | 26 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $8.2M | 32,155 | 3.8% | 31 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $7.3M | 70,700 | 3.4% | 31 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $6.7M | 47,968 | 3.1% | 31 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $6.2M | 23,054 | 2.9% | 31 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $5.8M | 18,585 | 2.7% | 31 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $5.8M | 37,960 | 2.7% | 31 |
| JACOBS SOLUTIONS INC | [J](https://holderbook.com/stocks/J/) | $5.0M | 39,358 | 2.3% | 16 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $4.2M | 14,930 | 1.9% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $4.2M | 11,882 | 1.9% | 17 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $3.7M | 32,883 | 1.7% | 24 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $3.1M | 15,646 | 1.4% | 9 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $3.0M | 2,816 | 1.4% | 5 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $2.8M | 8,094 | 1.3% | 31 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $2.8M | 16,619 | 1.3% | 31 |
| UMB FINL CORP | [UMBF](https://holderbook.com/stocks/UMBF/) | $2.8M | 19,272 | 1.3% | 31 |
| STELLAR BANCORP INC | [STEL](https://holderbook.com/stocks/STEL/) | $2.6M | 65,848 | 1.2% | 5 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $2.5M | 8,482 | 1.2% | 31 |
| COMMERCE BANCSHARES INC | [CBSH](https://holderbook.com/stocks/CBSH/) | $2.5M | 43,100 | 1.2% | 31 |
| PHILLIPS 66 | [PSX](https://holderbook.com/stocks/PSX/) | $2.3M | 13,327 | 1.0% | 22 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $2.1M | 5,159 | 1.0% | 5 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $2.1M | 15,302 | 1.0% | 9 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $2.1M | 51,046 | 1.0% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $2.0M | 3,946 | 0.9% | 31 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $1.5M | 4,251 | 0.7% | 31 |
| FEDEX FGHT HLDG CO INC | - | $1.4M | 9,269 | 0.6% | 1 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $1.4M | 24,348 | 0.6% | 17 |
| DEVON ENERGY CORP NEW | [DVN](https://holderbook.com/stocks/DVN/) | $1.3M | 31,244 | 0.6% | 31 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $920.3K | 15,972 | 0.4% | 30 |
| SPDR SERIES TRUST | [XOP](https://holderbook.com/stocks/XOP/) | $890.4K | 5,772 | 0.4% | 26 |
| AMENTUM HOLDINGS INC | [AMTM](https://holderbook.com/stocks/AMTM/) | $881.6K | 42,651 | 0.4% | 8 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $835.1K | 2,336 | 0.4% | 5 |
| GOLDMAN SACHS ETF TR | [GSEW](https://holderbook.com/stocks/GSEW/) | $801.8K | 8,492 | 0.4% | 11 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $604.0K | 1,599 | 0.3% | 5 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $597.3K | 3,148 | 0.3% | 17 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $572.9K | 3,006 | 0.3% | 13 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $539.4K | 1,983 | 0.2% | 5 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $468.7K | 2,165 | 0.2% | 5 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $457.0K | 2,229 | 0.2% | 5 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $456.3K | 1,505 | 0.2% | 22 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $400.2K | 4,560 | 0.2% | 2 |
| SHELL PLC | [SHEL](https://holderbook.com/stocks/SHEL/) | $344.1K | 4,438 | 0.2% | 18 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $334.5K | 1,022 | 0.2% | 14 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $321.8K | 15,548 | 0.1% | 31 |
| XCEL ENERGY INC | [XEL](https://holderbook.com/stocks/XEL/) | $315.7K | 3,931 | 0.1% | 11 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $276.6K | 1,099 | 0.1% | 3 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $272.1K | 1,835 | 0.1% | 22 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $261.6K | 372 | 0.1% | 23 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $254.1K | 1,733 | 0.1% | 30 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $236.2K | 1,071 | 0.1% | 11 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $231.5K | 5,467 | 0.1% | 2 |
| SCHWAB STRATEGIC TR | [FNDA](https://holderbook.com/stocks/FNDA/) | $230.8K | 6,064 | 0.1% | 1 |
| VANGUARD INDEX FDS | [VV](https://holderbook.com/stocks/VV/) | $204.6K | 595 | 0.1% | 1 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $203.3K | 201 | 0.1% | 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 |
|---|---|---|---|---|
| Q2 2026 | +7.9% | +14.8% | -7.0% | 100% |
| Q1 2026 | +2.5% | -4.6% | +7.1% | 100% |
| Q4 2025 | +1.9% | +2.4% | -0.5% | 100% |
| Q3 2025 | +7.5% | +7.8% | -0.3% | 100% |
| Q2 2025 | +5.9% | +10.5% | -4.5% | 100% |
| Q1 2025 | -2.6% | -4.6% | +2.0% | 100% |
| Q4 2024 | +1.7% | +2.1% | -0.5% | 100% |
| Q3 2024 | +3.3% | +5.4% | -2.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $216.1M | 60 |
| Q1 2026 | $202.0M | 57 |
| Q4 2025 | $197.4M | 59 |
| Q3 2025 | $207.1M | 58 |
| Q2 2025 | $194.7M | 58 |
| Q1 2025 | $174.8M | 50 |
| Q4 2024 | $186.6M | 53 |
| Q3 2024 | $193.3M | 60 |
| Q2 2024 | $185.3M | 52 |
| Q1 2024 | $185.6M | 53 |
| Q4 2023 | $176.2M | 52 |
| Q3 2023 | $170.0M | 55 |