Paragon Associates & Paragon Associates II Joint Venture
DALLAS, TX
$74m in 14 US stocks at the end of 31 March 2026. The top 10 are 90.0% of the money. It changed about 40.4% of the portfolio this quarter.
Value
$74m
Stocks
14
Top 10 share
90.0%
Turnover
40.4%
What changed this quarter
New
Bought for the first time this quarter.
- Coeur MiningCDE16.6% of the fund
- State STR Spdr S&P 500 ETF TSPY13.3% of the fund
- Western Midstream Partners LWES5.6% of the fund
- Profound MedicalPROF2.4% of the fund
- NexMetals MiningNEXM1.1% of the fund
Added
Bought more of a stock they already held.
- CareDxCDNA11.8% of the fund+33%
- i-80 GoldIAUX5.2% of the fund+67%
Cut
Sold some of their stake.
- NPK InternationalNPKI7.4% of the fund-6%
- Agnico Eagle MinesAEM6.9% of the fund-50%
Sold out
Sold their entire stake.
- Invesco QQQ TRQQQ-100%
- BEL FuseBELFB-100%
- QuanterixQTRX-100%
Holdings
- State STR Spdr S&P 500 ETF TSPY
- Share
- 13.3%
- Value
- $10m
- Shares
- 15,000
New
- SunoptaSTKL
- Share
- 7.1%
- Value
- $5m
- Shares
- 804,187
Held
- Agnico Eagle MinesAEM
- Share
- 6.9%
- Value
- $5m
- Shares
- 25,000
-50%
- Western Midstream Partners LWES
- Share
- 5.6%
- Value
- $4m
- Shares
- 100,000
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Coeur MiningCDE | 16.6% | $12m | 649,999 | New |
| State STR Spdr S&P 500 ETF TSPY | 13.3% | $10m | 15,000 | New |
| CareDxCDNA | 11.8% | $9m | 500,000 | +33% |
| DiaMedica TherapeuticsDMAC | 8.1% | $6m | 875,000 | Held |
| Navigator HoldingsNVGS | 7.9% | $6m | 300,000 | Held |
| NPK InternationalNPKI | 7.4% | $5m | 375,000 | -6% |
| SunoptaSTKL | 7.1% | $5m | 804,187 | Held |
| Agnico Eagle MinesAEM | 6.9% | $5m | 25,000 | -50% |
| Western Midstream Partners LWES | 5.6% | $4m | 100,000 | New |
| Epsilon EnergyEPSN | 5.4% | $4m | 650,000 | Held |
| i-80 GoldIAUX | 5.2% | $4m | 2,500,000 | +67% |
| Profound MedicalPROF | 2.4% | $2m | 276,001 | New |
| IridexIRIX | 1.4% | $1m | 1,000,000 | Held |
| NexMetals MiningNEXM | 1.1% | $796,250 | 325,000 | New |
Over time and by industry
Value over time
Sep '25
Mar '26
Value is up 16.9% since 30 June 2025.
Where the money is
Materials29.7%
Health care23.6%
Industrials7.9%
Technology7.4%
Energy5.4%
Other25.9%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.