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Paragon Capital Management Ltd — 13F Holdings & Portfolio

CIK 1569765 · latest 13F-HR filed 2026-10-09

Backtest portfolio

Paragon Capital Management Ltd manages $543.5M in 13F-reported U.S. long-equity assets across 207 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are VIG (12.43%), SPHQ (10.73%), ABNB (9.95%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 8 new positions and exited 24; 43 existing positions rose in reported value and 84 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$543.5M

Long-equity book

Holdings
207

Distinct positions

Period
2026-09-30

Filed 2026-10-09

Q/Q Activity
+8 / −24 / ↑43 / ↓84

vs 2026-06-30

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q3 26
VIG12.4% · -2%SPHQ10.7% · -1%ABNB9.9% · -7%DOCN6.3% · 0%MSFT5.3% · -1%COWZ5.0% · +0%IQLT4.9% · +0%OKTA4.8% · 0%COIN3.8% · 0%QLTY3.3% · +3%CRM2.2% · 0%FLJP1.7% · +0%PINS1.7% · 0%SPY1.6% · -2%VTV1.5% · +2%ESGV1.3% · +0%EFA1.2% · -0%VTEI1.1% · +275%CASH1.0%AAPL0.8% · -2%LYFT0.8% · 0%SLYV0.7% · -0%VSGX0.6% · +1%IOT0.6% · 0%VTEB0.6% · +23%AVUV0.6% · -0%POET0.5% · 0%VOE0.4% · +1%EWJ0.4% · -7%TXN0.4% · -0%VBR0.3% · -3%IEFA0.3% · -1%ABBV0.3% · -2%NOBL0.3% · -13%ET0.2% · 0%VSS0.2% · 0%LLY0.2% · -11%WMT0.2% · 0%PG0.2% · 0%VEA0.2% · +1%INFQ0.2% · -10%AMGN0.2% · -1%HOOD0.2% · 0%IBM0.2% · -1%BEPC0.2% · +10%MDY0.2% · -2%ORCL0.2% · -2%JPM0.2% · -4%CSCO0.2% · -0%IWD0.2% · -5%DASH0.1% · 0%ASAN0.1% · 0%CVX0.1% · +0%ESML0.1% · +0%RBLX0.1% · 0%QVMT0.1% · -0%AFRM0.1% · 0%PFE0.1% · +1%JNJ0.1% · -8%VT0.1% · -5%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q2 26 → Q3 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 66.4%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Mar 24, 2026.

Assets Under Management
$1.32B
Discretionary
$1.17B
Employees
6
Accounts
984
Address
999 18TH ST., STE 1401
DENVER, CO 80202
Phone
(303) 293-3680
Website
Name Title / Status Ownership Type
GOODSTADT, BRIAN ControlMANAGING DIRECTOR
since Sep 2021
10–25%Individual
ORGILL, LAWRENCE, ERNEST ControlCHIEF COMPLIANCE OFFICER
since Jul 2021
10–25%Individual
RATTERMAN, JAY, FAIRFIELD ControlOWNER/ADVISOR
since Jan 2022
10–25%Individual
WILLIAMS, SHAUN, MICHAEL ControlOWNER/ADVISOR
since Jan 2021
10–25%Individual
Ownership & leadership changes · 4 filings with changes since Mar 23, 2012

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Mar 12, 2024 filing
  • ChangedGOODSTADT, BRIAN · now a control person
  • ChangedORGILL, LAWRENCE, ERNEST · now a control person
  • ChangedRATTERMAN, JAY, FAIRFIELD · now a control person
  • ChangedWILLIAMS, SHAUN, MICHAEL · now a control person
Mar 11, 2024 filing
  • ChangedORGILL, LAWRENCE, ERNEST · ownership 5–10% → 10–25%
  • ChangedRATTERMAN, JAY, FAIRFIELD · ownership 5–10% → 10–25%
Mar 10, 2023 filing
  • No longer listedFEICK, ALEXANDER, NICHOLS · MANAGING DIRECTOR · 25–50% · control person · listed since Jan 1990
  • AddedRATTERMAN, JAY, FAIRFIELD · OWNER/ADVISOR · 5–10%
  • ChangedWILLIAMS, SHAUN, MICHAEL · ownership 5–10% → 10–25%
Mar 14, 2022 filing
  • No longer listedLESTER, HENRY, BERNARD · CHIEF COMPLIANCE OFFICER / MANAGING DIRECTOR · 50–75% · control person · listed since Jan 1990
  • AddedGOODSTADT, BRIAN · MANAGING DIRECTOR · 10–25%
  • AddedORGILL, LAWRENCE, ERNEST · CHIEF COMPLIANCE OFFICER · 5–10%
  • AddedWILLIAMS, SHAUN, MICHAEL · OWNER/ADVISOR · 5–10%
  • ChangedFEICK, ALEXANDER, NICHOLS · ownership 50–75% → 25–50%
Mar 23, 2012 filing (earliest on record)
  • ListedFEICK, ALEXANDER, NICHOLS · MANAGING DIRECTOR · 50–75% · control person
  • ListedLESTER, HENRY, BERNARD · CHIEF COMPLIANCE OFFICER / MANAGING DIRECTOR · 50–75% · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

Show all 43 →

Top Trims

Show all 84 →

New Positions

Show all 8 →

Exited Positions

Show all 24 →

Paragon Capital Management Ltd Holdings (2026-09-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 VANGUARD SPECIALIZED FUNDS VIG 921908844 $67.6M 12.43% 289,619 SH
2 INVESCO EXCHANGE TRADED FD T SPHQ 46137V241 $58.3M 10.73% 693,911 SH
3 AIRBNB INC ABNB 009066101 $54.1M 9.95% 336,481 SH
4 DIGITALOCEAN HLDGS INC DOCN 25402D102 $34.1M 6.28% 255,766 SH
5 MICROSOFT CORP MSFT 594918104 $28.7M 5.29% 56,014 SH
6 PACER FDS TR COWZ 69374H881 $27.4M 5.05% 410,799 SH
7 ISHARES TR IQLT 46434V456 $26.5M 4.88% 536,289 SH
8 OKTA INC OKTA 679295105 $26.0M 4.78% 124,200 SH
9 COINBASE GLOBAL INC COIN 19260Q107 $20.5M 3.77% 109,786 SH
10 GMO ETF TRUST QLTY 90139K100 $17.8M 3.28% 416,435 SH
11 SALESFORCE INC CRM 79466L302 $12.0M 2.20% 52,139 SH
12 FRANKLIN TEMPLETON ETF TR FLJP 35473P744 $9.3M 1.70% 223,473 SH
13 PINTEREST INC PINS 72352L106 $9.1M 1.67% 481,906 SH
14 STATE STR SPDR S&P 500 ETF T SPY 78462F103 $9.0M 1.65% 11,761 SH
15 VANGUARD INDEX FDS VTV 922908744 $8.4M 1.54% 38,804 SH
16 VANGUARD WORLD FD ESGV 921910733 $7.2M 1.32% 52,844 SH
17 ISHARES TR EFA 464287465 $6.7M 1.23% 64,264 SH
18 VANGUARD MUN BD FDS VTEI 922907738 $5.9M 1.08% 61,371 SH
19 PATHWARD FINANCIAL INC CASH 59100U108 $5.7M 1.05% 0 SH
20 APPLE INC AAPL 037833100 $4.3M 0.79% 12,945 SH
21 LYFT INC LYFT 55087P104 $4.3M 0.78% 283,742 SH
22 SPDR SERIES TRUST SLYV 78464A300 $3.6M 0.66% 34,892 SH
23 VANGUARD WORLD FD VSGX 921910725 $3.2M 0.59% 39,440 SH
24 SAMSARA INC IOT 79589L106 $3.2M 0.59% 83,389 SH
25 VANGUARD MUN BD FDS VTEB 922907746 $3.0M 0.56% 63,743 SH
26 AMERICAN CENTY ETF TR AVUV 025072877 $3.0M 0.55% 25,591 SH
27 POET TECHNOLOGIES INC POET 73044W302 $2.8M 0.51% 371,220 SH
28 VANGUARD INDEX FDS VOE 922908512 $2.4M 0.43% 12,072 SH
29 ISHARES INC EWJ 46434G822 $2.3M 0.41% 23,124 SH
30 TEXAS INSTRS INC TXN 882508104 $2.1M 0.39% 7,506 SH
31 VANGUARD INDEX FDS VBR 922908611 $1.8M 0.34% 7,986 SH
32 ISHARES TR IEFA 46432F842 $1.6M 0.30% 16,896 SH
33 ABBVIE INC ABBV 00287Y109 $1.6M 0.30% 6,247 SH
34 PROSHARES TR NOBL 74348A467 $1.5M 0.27% 27,046 SH
35 ENERGY TRANSFER L P ET 29273V100 $1.4M 0.25% 68,724 SH
36 VANGUARD INTL EQUITY INDEX F VSS 922042718 $1.3M 0.25% 8,658 SH
37 ELI LILLY & CO LLY 532457108 $1.3M 0.23% 1,085 SH
38 WALMART INC WMT 931142103 $1.3M 0.23% 12,081 SH
39 PROCTER & GAMBLE CO PG 742718109 $1.2M 0.22% 8,381 SH
40 VANGUARD TAX-MANAGED FDS VEA 921943858 $1.2M 0.21% 16,326 SH
41 INFLEQTION INC INFQ 45676K103 $1.1M 0.21% 84,580 SH
42 AMGEN INC AMGN 031162100 $1.1M 0.20% 2,600 SH
43 ROBINHOOD MKTS INC HOOD 770700102 $1.0M 0.19% 9,129 SH
44 INTERNATIONAL BUSINESS MACHS IBM 459200101 $1.0M 0.19% 4,655 SH
45 BROOKFIELD RENEWABLE CORP BEPC 11285B108 $1.0M 0.18% 35,437 SH
46 STATE STR SPDR S&P MIDCAP 40 MDY 78467Y107 $975.9K 0.18% 1,486 SH
47 ORACLE CORP ORCL 68389X105 $972.6K 0.18% 7,084 SH
48 JPMORGAN CHASE & CO JPM 46625H100 $944.7K 0.17% 2,856 SH
49 CISCO SYS INC CSCO 17275R102 $936.9K 0.17% 8,705 SH
50 ISHARES TR IWD 464287598 $918.6K 0.17% 3,705 SH
Filing History
Period Filed AUM Holdings Accession
2026-09-30 2026-10-09 $543.5M 207 0001085146-26-000851
2026-06-30 2026-07-29 $528.0M 223 0001569765-26-000003
2026-03-31 2026-04-15 $476.0M 199 0001569765-26-000002
2025-12-31 2026-01-22 $502.4M 195 0001569765-26-000001
Filer Information
Address
999 18TH STREET
SUITE 1401
DENVER, CO 80202
Phone
(303) 293-3680
Filing Manager
Paragon Capital Management Ltd
DENVER, CO
Signatory
Brian Goodstadt
Managing Partner