# Paragon Capital Management Ltd

> Institutional holdings reported to the SEC as of Q3 2026 on Form 13F. CIK 1569765. Source: https://holderbook.com/funds/1569765-paragon-capital-management-ltd/

- Reported value: $543.5M
- Positions: 207
- Weight of the ten largest: 66.4%
- Filed: 2026-10-09

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 |
|---|---|---|---|---|---|
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $67.6M | 289,619 | 12.4% | 32 |
| INVESCO EXCHANGE TRADED FD T | [SPHQ](https://holderbook.com/stocks/SPHQ/) | $58.3M | 693,911 | 10.7% | 21 |
| AIRBNB INC | [ABNB](https://holderbook.com/stocks/ABNB/) | $54.1M | 336,481 | 9.9% | 21 |
| DIGITALOCEAN HLDGS INC | [DOCN](https://holderbook.com/stocks/DOCN/) | $34.1M | 255,766 | 6.3% | 21 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $28.7M | 56,014 | 5.3% | 32 |
| PACER FDS TR | [COWZ](https://holderbook.com/stocks/COWZ/) | $27.4M | 410,799 | 5.0% | 13 |
| ISHARES TR | [IQLT](https://holderbook.com/stocks/IQLT/) | $26.5M | 536,289 | 4.9% | 14 |
| OKTA INC | [OKTA](https://holderbook.com/stocks/OKTA/) | $26.0M | 124,200 | 4.8% | 21 |
| COINBASE GLOBAL INC | [COIN](https://holderbook.com/stocks/COIN/) | $20.5M | 109,786 | 3.8% | 21 |
| GMO ETF TRUST | [QLTY](https://holderbook.com/stocks/QLTY/) | $17.8M | 416,435 | 3.3% | 10 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $12.0M | 52,139 | 2.2% | 21 |
| FRANKLIN TEMPLETON ETF TR | [FLJP](https://holderbook.com/stocks/FLJP/) | $9.3M | 223,473 | 1.7% | 12 |
| PINTEREST INC | [PINS](https://holderbook.com/stocks/PINS/) | $9.1M | 481,906 | 1.7% | 21 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $9.0M | 11,761 | 1.7% | 32 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $8.4M | 38,804 | 1.5% | 32 |
| VANGUARD WORLD FD | [ESGV](https://holderbook.com/stocks/ESGV/) | $7.2M | 52,844 | 1.3% | 10 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $6.7M | 64,264 | 1.2% | 32 |
| VANGUARD MUN BD FDS | [VTEI](https://holderbook.com/stocks/VTEI/) | $5.9M | 61,371 | 1.1% | 11 |
| PATHWARD FINANCIAL INC | [CASH](https://holderbook.com/stocks/CASH/) | $5.7M | 0 | 1.0% | 9 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $4.3M | 12,945 | 0.8% | 25 |
| LYFT INC | [LYFT](https://holderbook.com/stocks/LYFT/) | $4.3M | 283,742 | 0.8% | 21 |
| SPDR SERIES TRUST | [SLYV](https://holderbook.com/stocks/SLYV/) | $3.6M | 34,892 | 0.7% | 12 |
| VANGUARD WORLD FD | [VSGX](https://holderbook.com/stocks/VSGX/) | $3.2M | 39,440 | 0.6% | 6 |
| SAMSARA INC | [IOT](https://holderbook.com/stocks/IOT/) | $3.2M | 83,389 | 0.6% | 9 |
| VANGUARD MUN BD FDS | [VTEB](https://holderbook.com/stocks/VTEB/) | $3.0M | 63,743 | 0.6% | 28 |
| AMERICAN CENTY ETF TR | [AVUV](https://holderbook.com/stocks/AVUV/) | $3.0M | 25,591 | 0.6% | 14 |
| POET TECHNOLOGIES INC | [POET](https://holderbook.com/stocks/POET/) | $2.8M | 371,220 | 0.5% | 19 |
| VANGUARD INDEX FDS | [VOE](https://holderbook.com/stocks/VOE/) | $2.4M | 12,072 | 0.4% | 7 |
| ISHARES INC | [EWJ](https://holderbook.com/stocks/EWJ/) | $2.3M | 23,124 | 0.4% | 21 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $2.1M | 7,506 | 0.4% | 32 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $1.8M | 7,986 | 0.3% | 23 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $1.6M | 16,896 | 0.3% | 17 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $1.6M | 6,247 | 0.3% | 32 |
| PROSHARES TR | [NOBL](https://holderbook.com/stocks/NOBL/) | $1.5M | 27,046 | 0.3% | 32 |
| ENERGY TRANSFER L P | [ET](https://holderbook.com/stocks/ET/) | $1.4M | 68,724 | 0.2% | 12 |
| VANGUARD INTL EQUITY INDEX F | [VSS](https://holderbook.com/stocks/VSS/) | $1.3M | 8,658 | 0.2% | 17 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $1.3M | 1,085 | 0.2% | 28 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $1.3M | 12,081 | 0.2% | 32 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $1.2M | 8,381 | 0.2% | 32 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $1.2M | 16,326 | 0.2% | 32 |
| INFLEQTION INC | [INFQ](https://holderbook.com/stocks/INFQ/) | $1.1M | 84,580 | 0.2% | 2 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $1.1M | 2,600 | 0.2% | 26 |
| ROBINHOOD MKTS INC | [HOOD](https://holderbook.com/stocks/HOOD/) | $1.0M | 9,129 | 0.2% | 13 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $1.0M | 4,655 | 0.2% | 11 |
| BROOKFIELD RENEWABLE CORP | [BEPC](https://holderbook.com/stocks/BEPC/) | $1.0M | 35,437 | 0.2% | 8 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $975.9K | 1,486 | 0.2% | 25 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $972.6K | 7,084 | 0.2% | 25 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $944.7K | 2,856 | 0.2% | 25 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $936.9K | 8,705 | 0.2% | 32 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $918.6K | 3,705 | 0.2% | 27 |
| DOORDASH INC | [DASH](https://holderbook.com/stocks/DASH/) | $805.8K | 4,390 | 0.1% | 6 |
| ASANA INC | [ASAN](https://holderbook.com/stocks/ASAN/) | $793.7K | 94,152 | 0.1% | 21 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $793.1K | 3,884 | 0.1% | 24 |
| ISHARES TR | [ESML](https://holderbook.com/stocks/ESML/) | $790.8K | 15,208 | 0.1% | 7 |
| ROBLOX CORP | [RBLX](https://holderbook.com/stocks/RBLX/) | $787.6K | 18,588 | 0.1% | 21 |
| INVESCO EXCH TRADED FD TR II | [QVMT](https://holderbook.com/stocks/QVMT/) | $764.4K | 11,834 | 0.1% | 6 |
| AFFIRM HLDGS INC | [AFRM](https://holderbook.com/stocks/AFRM/) | $745.6K | 10,770 | 0.1% | 21 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $713.1K | 25,003 | 0.1% | 25 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $712.9K | 2,693 | 0.1% | 32 |
| VANGUARD INTL EQUITY INDEX F | [VT](https://holderbook.com/stocks/VT/) | $710.3K | 4,500 | 0.1% | 3 |
| INVESCO EXCHANGE TRADED FD T | [RPV](https://holderbook.com/stocks/RPV/) | $683.1K | 5,954 | 0.1% | 9 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $639.4K | 1,679 | 0.1% | 28 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $617.4K | 7,172 | 0.1% | 25 |
| HEWLETT PACKARD ENTERPRISE C | [HPE](https://holderbook.com/stocks/HPE/) | $599.6K | 9,384 | 0.1% | 10 |
| INVESCO EXCH TRADED FD TR II | [SPMO](https://holderbook.com/stocks/SPMO/) | $596.2K | 3,933 | 0.1% | 3 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $588.7K | 3,020 | 0.1% | 7 |
| ISHARES TR | [IEI](https://holderbook.com/stocks/IEI/) | $581.6K | 5,127 | 0.1% | 14 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $570.3K | 3,925 | 0.1% | 25 |
| EXXONMOBIL HOLDINGS CORP COM SHS | [XOM](https://holderbook.com/stocks/XOM/) | $556.8K | 3,421 | 0.1% | 1 |
| MAPLEBEAR INC | [CART](https://holderbook.com/stocks/CART/) | $549.3K | 12,740 | 0.1% | 10 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $537.9K | 2,355 | 0.1% | 12 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $534.1K | 15,000 | 0.1% | 8 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $514.6K | 2,000 | 0.1% | 32 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $510.3K | 5,163 | 0.1% | 26 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $469.1K | 1,883 | 0.1% | 8 |
| DOMINOS PIZZA INC | [DPZ](https://holderbook.com/stocks/DPZ/) | $466.5K | 1,557 | 0.1% | 7 |
| ISHARES TR | [IWN](https://holderbook.com/stocks/IWN/) | $465.8K | 2,224 | 0.1% | 32 |
| MOLSON COORS BEVERAGE CO | [TAP](https://holderbook.com/stocks/TAP/) | $454.9K | 12,472 | 0.1% | 32 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $441.1K | 1,179 | 0.1% | 12 |
| REDDIT INC | [RDDT](https://holderbook.com/stocks/RDDT/) | $440.7K | 3,094 | 0.1% | 9 |
| HONEYWELL INTL INC | [HON](https://holderbook.com/stocks/HON/) | $421.8K | 2,000 | 0.1% | 2 |
| NORTHROP GRUMMAN CORP | [NOC](https://holderbook.com/stocks/NOC/) | $414.8K | 858 | 0.1% | 7 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $409.3K | 800 | 0.1% | 5 |
| PROSHARES TR | [TOLZ](https://holderbook.com/stocks/TOLZ/) | $393.1K | 7,220 | 0.1% | 9 |
| INVESCO EXCH TRADED FD TR II | [PXF](https://holderbook.com/stocks/PXF/) | $387.7K | 5,086 | 0.1% | 11 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $383.0K | 1,841 | 0.1% | 16 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $373.6K | 533 | 0.1% | 11 |
| HF SINCLAIR CORP | [DINO](https://holderbook.com/stocks/DINO/) | $369.4K | 3,442 | 0.1% | 2 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $358.6K | 16,482 | 0.1% | 32 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $347.8K | 4,076 | 0.1% | 32 |
| VANGUARD WHITEHALL FDS | [VIGI](https://holderbook.com/stocks/VIGI/) | $345.0K | 3,654 | 0.1% | 17 |
| YUM BRANDS INC | [YUM](https://holderbook.com/stocks/YUM/) | $342.3K | 2,510 | 0.1% | 32 |
| ISHARES TR | [ILCG](https://holderbook.com/stocks/ILCG/) | $339.7K | 2,904 | 0.1% | 26 |
| INVESCO EXCHANGE TRADED FD T | [PRF](https://holderbook.com/stocks/PRF/) | $339.6K | 6,240 | 0.1% | 11 |
| INVESCO EXCHANGE TRADED FD T | [PHO](https://holderbook.com/stocks/PHO/) | $338.3K | 4,987 | 0.1% | 10 |
| ISHARES TR | [ICLN](https://holderbook.com/stocks/ICLN/) | $337.6K | 19,862 | 0.1% | 10 |
| SPACE EXPLORATION TECHN CORP | [SPCX](https://holderbook.com/stocks/SPCX/) | $333.9K | 2,213 | 0.1% | 1 |
| WISDOMTREE TR | [DGRW](https://holderbook.com/stocks/DGRW/) | $332.9K | 3,424 | 0.1% | 3 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $326.6K | 1,074 | 0.1% | 12 |
| PHILLIPS 66 | [PSX](https://holderbook.com/stocks/PSX/) | $326.0K | 1,277 | 0.1% | 3 |

## 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 | +14.8% | +14.8% | -0.1% | 100% |
| Q1 2026 | -3.4% | -4.6% | +1.2% | 100% |
| Q4 2025 | -0.8% | +2.4% | -3.2% | 100% |
| Q3 2025 | +2.1% | +7.8% | -5.7% | 100% |
| Q2 2025 | +13.1% | +10.5% | +2.6% | 100% |
| Q1 2025 | -4.8% | -4.6% | -0.2% | 100% |
| Q4 2024 | +2.4% | +2.1% | +0.3% | 100% |
| Q3 2024 | -1.1% | +5.4% | -6.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2026 | $543.5M | 207 |
| Q2 2026 | $528.0M | 223 |
| Q1 2026 | $476.0M | 199 |
| Q4 2025 | $502.4M | 195 |
| Q3 2025 | $531.6M | 201 |
| Q2 2025 | $551.7M | 214 |
| Q1 2025 | $488.2M | 197 |
| Q4 2024 | $501.3M | 187 |
| Q3 2024 | $510.3M | 206 |
| Q2 2024 | $544.8M | 202 |
| Q1 2024 | $564.8M | 194 |
| Q4 2023 | $489.1M | 170 |