Paragon Capital Management Ltd

Key Holdings

The portfolio is heavily concentrated at the top, with the three largest positions accounting for roughly 34.3% of the total assets.

• VIG (Vanguard Dividend Appreciation ETF) is the single largest holding at $67.84M (13.50%). This suggests a core focus on quality companies with a history of growing dividends, providing a foundation of stability.
• SPHQ (Invesco S&P 500 Quality ETF) follows at $54.95M (10.94%), further reinforcing a "quality" tilt within the equity portion of the portfolio.
• ABNB (Airbnb Inc) represents the firm's largest active equity bet at $49.32M (9.82%), indicating a strong bullish stance on the travel and secular leisure trends.
• MSFT (Microsoft Corp) and COIN (Coinbase Global Inc) are also major positions, representing 5.47% and 5.37% of the portfolio, respectively. Notably, the Coinbase position is sizeable for a traditional institutional portfolio, signaling a high-risk tolerance or a specific thematic allocation to the digital asset ecosystem.