Paragon Capital Management 13F annual report
Paragon Capital Management is an investment fund managing more than $185 billion ran by Craig Novorr. There are currently 50 companies in Mr. Novorr’s portfolio. The largest investments include Microsoft and Apple Inc, together worth $40.9 billion.
$185 billion Assets Under Management (AUM)
As of 5th August 2024, Paragon Capital Management’s top holding is 45,940 shares of Microsoft currently worth over $20.5 billion and making up 11.1% of the portfolio value.
Relative to the number of outstanding shares of Microsoft, Paragon Capital Management owns more than approximately 0.1% of the company.
In addition, the fund holds 96,795 shares of Apple Inc worth $20.4 billion, whose value grew 15.5% in the past six months.
The third-largest holding is Ishares Tr worth $22 billion and the next is Costco Whsl Corp New worth $18 billion, with 21,145 shares owned.
Currently, Paragon Capital Management's portfolio is worth at least $185 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Paragon Capital Management
The Paragon Capital Management office and employees reside in Overland Park, Kansas. According to the last 13-F report filed with the SEC, Craig Novorr serves as the President & CIO at Paragon Capital Management.
Recent trades
In the most recent 13F filing, Paragon Capital Management revealed that it had opened a new position in
Citigroup Inc and bought 16,074 shares worth $1.02 billion.
This means they effectively own approximately 0.1% of the company.
Citigroup Inc makes up
14.5%
of the fund's Finance sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Apple Inc by buying
45 additional shares.
This makes their stake in Apple Inc total 96,795 shares worth $20.4 billion.
Apple Inc dropped approximately 0.1% in the past year.
On the other hand, there are companies that Paragon Capital Management is getting rid of from its portfolio.
Paragon Capital Management closed its position in CVS Health Corp on 12th August 2024.
It sold the previously owned 55,793 shares for $4.45 billion.
Craig Novorr also disclosed a decreased stake in Microsoft by approximately 0.1%.
This leaves the value of the investment at $20.5 billion and 45,940 shares.
One of the smallest hedge funds
The two most similar investment funds to Paragon Capital Management are Atlantic Investment Management, Inc and Heron Financial Group. They manage $185 billion and $185 billion respectively.
Craig Novorr investment strategy
Paragon Capital Management’s portfolio is diversified across 9 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 19.1% of
the total portfolio value.
The fund focuses on investments in the United States as
52.0% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
50% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $385 billion.
The complete list of Paragon Capital Management trades based on 13F SEC filings
These positions were updated on August 12th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Microsoft Corporation |
1.31%
45,940
|
$20,533,294,000 | 11.08% |
| Apple Inc |
0.05%
96,795
|
$20,387,161,000 | 11.00% |
| Ishares Tr |
0.75%
78,595
|
$21,970,128,000 | 11.85% |
| Costco Whsl Corp New |
1.33%
21,145
|
$17,973,457,000 | 9.70% |
| Caseys Gen Stores Inc |
1.17%
28,650
|
$10,931,968,000 | 5.90% |
| Amazon.com Inc. |
1.30%
50,941
|
$9,844,436,000 | 5.31% |
| Conocophillips |
0.43%
80,719
|
$9,232,711,000 | 4.98% |
| Jacobs Solutions Inc |
1.69%
53,769
|
$7,512,067,000 | 4.05% |
| Fedex Corp |
1.30%
24,834
|
$7,446,354,000 | 4.02% |
| Mcdonalds Corp |
1.07%
27,765
|
$7,075,706,000 | 3.82% |
| Tjx Cos Inc New |
1.70%
48,615
|
$5,352,582,000 | 2.89% |
| Cisco Sys Inc |
1.66%
109,036
|
$5,180,321,000 | 2.79% |
| Johnson Johnson |
2.46%
33,036
|
$4,828,667,000 | 2.61% |
| Nike, Inc. |
0.61%
63,664
|
$4,798,416,000 | 2.59% |
| CVS Health Corp |
Closed
55,793
|
$4,450,120,000 | |
| International Business Machs |
0.92%
18,692
|
$3,232,909,000 | 1.74% |
| Visa Inc |
0.81%
10,120
|
$2,656,307,000 | 1.43% |
| Alphabet Inc |
1.96%
13,869
|
$2,543,852,000 | 1.37% |
| Intel Corp. |
4.03%
73,088
|
$2,263,561,000 | 1.22% |
| Commerce Bancshares, Inc. |
1.36%
39,072
|
$2,179,436,000 | 1.18% |
| Phillips 66 |
0.82%
12,465
|
$1,759,805,000 | 0.95% |
| Devon Energy Corp. |
1.21%
35,706
|
$1,692,509,000 | 0.91% |
| Chevron Corp. |
0.05%
8,429
|
$1,318,464,000 | 0.71% |
| Bank America Corp |
1.16%
30,124
|
$1,198,057,000 | 0.65% |
| Berkshire Hathaway Inc. |
No change
2,944
|
$1,197,619,000 | 0.65% |
| Umb Finl Corp |
No change
13,463
|
$1,123,083,000 | 0.61% |
| Spdr Ser Tr |
0.27%
7,391
|
$1,075,169,000 | 0.58% |
| Citigroup Inc |
Opened
16,074
|
$1,020,056,000 | 0.55% |
| Exxon Mobil Corp. |
7.05%
8,350
|
$961,252,000 | 0.52% |
| Kenvue Inc |
65.60%
47,909
|
$870,986,000 | 0.47% |
| Bristol-Myers Squibb Co. |
3.43%
19,796
|
$822,128,000 | 0.44% |
| Goldman Sachs Etf Tr |
0.18%
8,490
|
$604,106,000 | 0.33% |
| Walmart Inc |
No change
7,044
|
$476,949,000 | 0.26% |
| Norfolk Southn Corp |
Closed
1,770
|
$451,361,000 | |
| Procter And Gamble Co |
No change
2,552
|
$420,876,000 | 0.23% |
| Vanguard Index Fds |
No change
1,761
|
$383,980,000 | 0.21% |
| Shell Plc |
No change
5,294
|
$382,121,000 | 0.21% |
| Unitedhealth Group Inc |
No change
701
|
$356,991,000 | 0.19% |
| Select Sector Spdr Tr |
6.03%
1,548
|
$350,317,000 | 0.19% |
| Adobe Inc |
5.79%
570
|
$316,658,000 | 0.17% |
| RTX Corp |
No change
3,154
|
$316,630,000 | 0.17% |
| Spdr Sp Midcap 400 Etf Tr |
2.06%
570
|
$304,996,000 | 0.16% |
| Jpmorgan Chase Co. |
4.77%
1,473
|
$297,929,000 | 0.16% |
| Home Depot, Inc. |
No change
839
|
$288,817,000 | 0.16% |
| Canadian Pacific Kansas City |
No change
3,609
|
$284,137,000 | 0.15% |
| NVIDIA Corp |
Opened
2,095
|
$258,816,000 | 0.14% |
| Schwab Strategic Tr |
No change
4,578
|
$251,464,000 | 0.14% |
| Pepsico Inc |
Closed
1,424
|
$249,214,000 | |
| Lowes Cos Inc |
No change
1,071
|
$236,120,000 | 0.13% |
| 3M Co. |
8.27%
2,151
|
$219,811,000 | 0.12% |
| Yum Brands Inc. |
Closed
1,542
|
$213,798,000 | |
| Xcel Energy Inc. |
No change
3,931
|
$209,955,000 | 0.11% |
| Oracle Corp. |
Opened
1,455
|
$205,446,000 | 0.11% |
| Att Inc |
4.75%
10,500
|
$200,655,000 | 0.11% |
| No transactions found | |||
| Showing first 500 out of 54 holdings | |||
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