Institutional Manager · CIK 0002038506

PARAGON CAPITAL MANAGEMENT INC

Provo, UT · File #028-24370

Latest AUM

$129.3M

Positions

Top-10 Concentration

48.6%

Filings

Portfolio Value Over Time

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
EXITED	HF SINCLAIR CORP	403949100	-40,319	-$2.1M	$0
EXITED	FIRST SOLAR INC	336433107	-8,827	-$1.9M	$0
NEW	FLOWSERVE CORP	FLS	+26,627	+$1.8M	$0
NEW	ISHARES TR	46436E718	+17,200	+$1.7M	$0
NEW	CITIZENS FINL GROUP INC	CIA	+27,661	+$1.6M	$0
EXITED	PROGRESSIVE CORP	743315103	-5,834	-$1.4M	$0
NEW	ROPER TECHNOLOGIES INC	ROP	+3,171	+$1.4M	$0
EXITED	GAP INC	364760108	-65,392	-$1.4M	$0
EXITED	COSTCO WHSL CORP NEW	22160K105	-1,438	-$1.3M	$0
NEW	HALOZYME THERAPEUTICS INC	HALO	+18,920	+$1.3M	$0

Sector Allocation

Technology

9.5%$12.2M

Consumer Discretionary

8.4%$10.9M

Healthcare

7.7%$10.0M

Industrials

4.3%$5.6M

Communication Services

4.0%$5.2M

Financials

3.9%$5.1M

Energy

2.8%$3.7M

Materials

0.1%$166,600

Filing History

Jan 23, 202613F HOLDINGS REPORTQ/E Dec 202574 pos · $129.3M
Oct 15, 202513F HOLDINGS REPORTQ/E Sep 202572 pos · $133.7M
Aug 6, 202513F HOLDINGS REPORTQ/E Jun 202571 pos · $131.1M
Apr 24, 202513F HOLDINGS REPORTQ/E Mar 202572 pos · $123.8M
Jan 27, 202513F HOLDINGS REPORTQ/E Dec 202466 pos · $127.9M
Oct 16, 202413F HOLDINGS REPORTQ/E Sep 202467 pos · $135.6M
Sep 26, 202413F HOLDINGS REPORTQ/E Sep 202466 pos · $125.0M
Sep 26, 202413F HOLDINGS REPORTQ/E Sep 202468 pos · $114.7M
Sep 26, 202413F HOLDINGS REPORTQ/E Sep 202467 pos · $131.1M
Sep 26, 202413F HOLDINGS REPORTQ/E Sep 202469 pos · $118.5M
Sep 26, 202413F HOLDINGS REPORTQ/E Sep 202466 pos · $117.1M
Sep 26, 202413F HOLDINGS REPORTQ/E Sep 202469 pos · $133.6M
Sep 25, 202413F HOLDINGS REPORTQ/E Sep 202475 pos · $98.7M
Sep 25, 202413F HOLDINGS REPORTQ/E Sep 202476 pos · $102.1M
Sep 25, 202413F HOLDINGS REPORTQ/E Sep 202474 pos · $107.4M
Sep 25, 202413F HOLDINGS REPORTQ/E Sep 202469 pos · $107.8M
Sep 25, 202413F HOLDINGS REPORTQ/E Sep 202466 pos · $117.1M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	ISHARES TR	464287440	122,912	$11.8M	10.22%
2	ISHARES TR	464288679	100,078	$11.0M	9.53%
3	SPDR SERIES TRUST	78468R663	83,106	$7.6M	6.57%
4	JANUS DETROIT STR TR	47103U845	119,937	$6.1M	5.25%
5	ISHARES TR	46429B267	192,636	$4.4M	3.84%
6	SSGA ACTIVE ETF TR	78467V848	99,784	$4.0M	3.47%
7	SPDR DOW JONES INDL AVERAGE	78467X109	6,295	$3.0M	2.62%
8	VANGUARD INDEX FDS	922908751	11,176	$2.9M	2.49%
9	VANGUARD INDEX FDS	922908769	8,082	$2.7M	2.34%
10	SSGA ACTIVE TR	78470P200	55,007	$2.6M	2.25%
11	META PLATFORMS INC	META	3,644	$2.4M	2.08%
12	OREILLY AUTOMOTIVE INC	67103H107	24,650	$2.2M	1.94%
13	BOOKING HOLDINGS INC	BKNG	389	$2.1M	1.80%
14	IDEXX LABS INC	45168D104	3,016	$2.0M	1.76%
15	MERCADOLIBRE INC	MELI	955	$1.9M	1.66%
16	FLOWSERVE CORP	FLS	26,627	$1.8M	1.60%
17	NU HLDGS LTD	NU	108,770	$1.8M	1.57%
18	LYFT INC	LYFT	92,208	$1.8M	1.54%
19	ISHARES TR	46436E718	17,200	$1.7M	1.49%
20	EXELIXIS INC	EXEL	39,101	$1.7M	1.48%