PARAGON ASSOCIATES & PARAGON ASSOCIATES II JOINT VENTURE

CIK 0001047859 · Q1 2026

13F Equity AUM

$73.6M

+52.0% QoQ

Positions

+2 QoQ

AUM Rank

#10,430

Top 84%

Skill Alpha (FF)

-0.3%/yr^ns

No Clear Edge

Rank #2,753 · Top 34%

vs S&P -2.7%/yr (unadj.)

Quarters Tracked

~12 years

Portfolio Concentration

Top 5: 57.5%Top 10: 90.0%Top 20: 100.0%

CDE16.6%

SPY13.3%

CDNA11.8%

DMAC8.1%

NVGS7.9%

NPKI7.4%

SOY7.1%

AEM6.9%

WES5.6%

EPSN5.4%

Others (4)10.0%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

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Portfolio Overlap

Shared: 12Unique: 2vs 20 funds

0.2%Low

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

0.2%

BlackRock, Inc.

0.3%

BANK OF AMERICA CORP /DE/

0.2%

GEODE CAPITAL MANAGEMENT, LLC

0.3%

VANGUARD CAPITAL MANAGEMENT LLC

0.2%

STATE STREET CORP

0.2%

JPMORGAN CHASE & CO

0.2%

VANGUARD PORTFOLIO MANAGEMENT LLC

0.2%

FMR LLC

0.2%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New5Increased3Decreased2Exited3

New Positions

CDE16.6%

+650K

SPY13.3%

+15K

WES5.6%

+100K

PRN2.4%

+276K

NEXM1.1%

+325K

Increased

IAU5.2%

+1.0M(+67%)

CDNA11.8%

+125K(+33%)

SOY7.1%

+4K(+1%)

Decreased

NPKI7.4%

-25,000(-6%)

AEM6.9%

-24,900(-50%)

Exited

NDQ

-10,000

BELFB

-1,500

QTRX

-25,000

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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