# PARAGON CAPITAL MANAGEMENT INC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2038506. Source: https://holderbook.com/funds/2038506-paragon-capital-management-inc/

- Reported value: $135.0M
- Positions: 71
- Weight of the ten largest: 46.3%
- Filed: 2026-07-22

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 |
|---|---|---|---|---|---|
| ISHARES TR | [IEF](https://holderbook.com/stocks/IEF/) | $13.5M | 142,938 | 10.0% | 19 |
| ISHARES TR | [SHV](https://holderbook.com/stocks/SHV/) | $9.0M | 81,776 | 6.7% | 19 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $7.9M | 86,167 | 5.8% | 19 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $7.2M | 51,405 | 5.3% | 4 |
| JANUS DETROIT STR TR | [JAAA](https://holderbook.com/stocks/JAAA/) | $5.9M | 116,522 | 4.4% | 8 |
| ISHARES TR | [GOVT](https://holderbook.com/stocks/GOVT/) | $4.4M | 194,208 | 3.3% | 19 |
| SSGA ACTIVE ETF TR | [TOTL](https://holderbook.com/stocks/TOTL/) | $4.0M | 100,125 | 2.9% | 19 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $3.8M | 12,601 | 2.8% | 2 |
| ARM HOLDINGS PLC | [ARM](https://holderbook.com/stocks/ARM/) | $3.6M | 10,236 | 2.7% | 3 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $3.2M | 10,539 | 2.4% | 10 |
| STATE STR SPDR DOW JONES IND | [DIA](https://holderbook.com/stocks/DIA/) | $2.9M | 5,525 | 2.1% | 7 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $2.8M | 4,764 | 2.0% | 3 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $2.7M | 13,344 | 2.0% | 3 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $2.4M | 3,141 | 1.8% | 7 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $1.9M | 5,155 | 1.4% | 10 |
| MERCADOLIBRE INC | [MELI](https://holderbook.com/stocks/MELI/) | $1.9M | 1,123 | 1.4% | 17 |
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $1.6M | 17,839 | 1.2% | 19 |
| NEUROCRINE BIOSCIENCES INC | [NBIX](https://holderbook.com/stocks/NBIX/) | $1.6M | 9,739 | 1.2% | 2 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $1.6M | 10,332 | 1.2% | 19 |
| CHORD ENERGY CORPORATION | [CHRD](https://holderbook.com/stocks/CHRD/) | $1.6M | 13,670 | 1.2% | 6 |
| MAPLEBEAR INC | [CART](https://holderbook.com/stocks/CART/) | $1.6M | 32,764 | 1.1% | 2 |
| DEVON ENERGY CORP NEW | [DVN](https://holderbook.com/stocks/DVN/) | $1.5M | 36,330 | 1.1% | 1 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $1.5M | 2,807 | 1.1% | 1 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $1.4M | 8,089 | 1.1% | 1 |
| ZEBRA TECHNOLOGIES CORPORATI | [ZBRA](https://holderbook.com/stocks/ZBRA/) | $1.4M | 5,401 | 1.1% | 2 |
| SMURFIT WESTROCK PLC | [SW](https://holderbook.com/stocks/SW/) | $1.4M | 30,084 | 1.0% | 2 |
| BIOMARIN PHARMACEUTICAL INC | [BMRN](https://holderbook.com/stocks/BMRN/) | $1.4M | 24,200 | 1.0% | 3 |
| EA SERIES TRUST | [STXF](https://holderbook.com/stocks/STXF/) | $1.4M | 28,382 | 1.0% | 15 |
| ANTERO RESOURCES CORP | [AR](https://holderbook.com/stocks/AR/) | $1.3M | 38,294 | 1.0% | 2 |
| EURONET WORLDWIDE INC | [EEFT](https://holderbook.com/stocks/EEFT/) | $1.3M | 18,018 | 1.0% | 7 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $1.3M | 3,490 | 1.0% | 6 |
| TRANSDIGM GROUP INC | [TDG](https://holderbook.com/stocks/TDG/) | $1.3M | 966 | 1.0% | 8 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $1.3M | 17,751 | 0.9% | 6 |
| AUTOZONE INC | [AZO](https://holderbook.com/stocks/AZO/) | $1.3M | 400 | 0.9% | 19 |
| VEEVA SYS INC | [VEEV](https://holderbook.com/stocks/VEEV/) | $1.3M | 7,197 | 0.9% | 1 |
| METTLER TOLEDO INTERNATIONAL | [MTD](https://holderbook.com/stocks/MTD/) | $1.3M | 993 | 0.9% | 19 |
| EQT CORP | [EQT](https://holderbook.com/stocks/EQT/) | $1.3M | 23,747 | 0.9% | 2 |
| EA SERIES TRUST | [STXK](https://holderbook.com/stocks/STXK/) | $1.3M | 32,422 | 0.9% | 10 |
| VERISK ANALYTICS INC | [VRSK](https://holderbook.com/stocks/VRSK/) | $1.2M | 6,728 | 0.9% | 1 |
| IDEXX LABS INC | [IDXX](https://holderbook.com/stocks/IDXX/) | $1.2M | 2,286 | 0.9% | 19 |
| DOUBLELINE INCOME SOLUTIONS | [DSL](https://holderbook.com/stocks/DSL/) | $1.2M | 108,742 | 0.9% | 19 |
| GLOBAL PMTS INC | [GPN](https://holderbook.com/stocks/GPN/) | $1.2M | 16,519 | 0.9% | 3 |
| ISHARES INC | [EMXC](https://holderbook.com/stocks/EMXC/) | $1.2M | 11,498 | 0.9% | 2 |
| ON HLDG AG | [ONON](https://holderbook.com/stocks/ONON/) | $1.2M | 32,614 | 0.9% | 1 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $1.1M | 12,416 | 0.8% | 1 |
| VERTEX PHARMACEUTICALS INC | [VRTX](https://holderbook.com/stocks/VRTX/) | $1.1M | 2,273 | 0.8% | 1 |
| DOLBY LABORATORIES INC | [DLB](https://holderbook.com/stocks/DLB/) | $1.1M | 21,288 | 0.8% | 2 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $1.1M | 10,741 | 0.8% | 1 |
| FIDELITY COMWLTH TR | [ONEQ](https://holderbook.com/stocks/ONEQ/) | $1.1M | 10,566 | 0.8% | 10 |
| ROPER TECHNOLOGIES INC | [ROP](https://holderbook.com/stocks/ROP/) | $1.1M | 3,150 | 0.8% | 3 |
| ISHARES TR | [TLT](https://holderbook.com/stocks/TLT/) | $1.1M | 12,301 | 0.8% | 19 |
| DOORDASH INC | [DASH](https://holderbook.com/stocks/DASH/) | $1.0M | 5,532 | 0.8% | 6 |
| AXON ENTERPRISE INC | [AXON](https://holderbook.com/stocks/AXON/) | $1.0M | 1,820 | 0.8% | 6 |
| UNIVERSAL HLTH SVCS INC | [UHS](https://holderbook.com/stocks/UHS/) | $995.0K | 6,692 | 0.7% | 6 |
| SSGA ACTIVE TR | [STOT](https://holderbook.com/stocks/STOT/) | $990.7K | 21,051 | 0.7% | 19 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $980.2K | 5,857 | 0.7% | 2 |
| ERIE INDTY CO | [ERIE](https://holderbook.com/stocks/ERIE/) | $962.6K | 4,015 | 0.7% | 1 |
| EA SERIES TRUST | [STXV](https://holderbook.com/stocks/STXV/) | $953.6K | 25,155 | 0.7% | 10 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $944.6K | 13,230 | 0.7% | 6 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $772.3K | 3,767 | 0.6% | 2 |
| BOSTON SCIENTIFIC CORP | [BSX](https://holderbook.com/stocks/BSX/) | $677.1K | 15,864 | 0.5% | 2 |
| EA SERIES TRUST | [STXE](https://holderbook.com/stocks/STXE/) | $661.7K | 12,591 | 0.5% | 10 |
| COSTAR GROUP INC | [CSGP](https://holderbook.com/stocks/CSGP/) | $514.9K | 18,183 | 0.4% | 2 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $304.7K | 264 | 0.2% | 1 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $289.8K | 14,000 | 0.2% | 19 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $275.2K | 747 | 0.2% | 9 |
| ISHARES U S ETF TR | [NEAR](https://holderbook.com/stocks/NEAR/) | $216.9K | 4,281 | 0.2% | 19 |
| ANNALY CAPITAL MANAGEMENT IN | [NLY](https://holderbook.com/stocks/NLY/) | $213.1K | 9,532 | 0.2% | 3 |
| FIRST MAJESTIC SILVER CORP | [AG](https://holderbook.com/stocks/AG/) | $169.6K | 10,000 | 0.1% | 19 |
| READY CAPITAL CORP | [RC](https://holderbook.com/stocks/RC/) | $122.5K | 70,000 | 0.1% | 16 |
| SFL CORPORATION LTD | [SFL](https://holderbook.com/stocks/SFL/) | $102.0K | 10,000 | 0.1% | 6 |

## 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 | +8.1% | +14.8% | -6.7% | 100% |
| Q1 2026 | -3.0% | -4.6% | +1.7% | 100% |
| Q4 2025 | -0.7% | +2.4% | -3.0% | 100% |
| Q3 2025 | +3.5% | +7.8% | -4.3% | 100% |
| Q2 2025 | +6.6% | +10.5% | -3.9% | 100% |
| Q1 2025 | +0.3% | -4.6% | +4.8% | 100% |
| Q4 2024 | -3.9% | +2.1% | -6.1% | 100% |
| Q3 2024 | +3.8% | +5.4% | -1.7% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $135.0M | 71 |
| Q1 2026 | $118.0M | 70 |
| Q4 2025 | $129.3M | 74 |
| Q3 2025 | $133.7M | 72 |
| Q2 2025 | $131.1M | 71 |
| Q1 2025 | $123.8M | 72 |
| Q4 2024 | $127.9M | 66 |
| Q3 2024 | $135.6M | 67 |
| Q2 2024 | $131.1M | 67 |
| Q1 2024 | $133.6M | 69 |
| Q4 2023 | $125.0M | 66 |
| Q3 2023 | $117.1M | 66 |