Investment Insights: Paragon Capital Management LLC Q3 2022 vs. Q4 2022 Holdings Comparison

As the final quarter of 2022 draws to a close, many investors are beginning to analyze the performance of their portfolios. One group of investors, Paragon Capital Management LLC, recently released their 13F filings, providing insight into their holdings. In this article, we’ll compare Paragon’s Q3 2022 vs. Q4 2022 holdings, highlighting the top changes and possible reasons behind them.

ISHARES TR (IWB)

Paragon decreased its holdings of ISHARES TR (IWB) by 2.4% in Q4 2022, resulting in 75,567 shares, worth $15,908,000. IWB, an exchange-traded fund (ETF) that tracks the investment results of the S&P 500 Index is a popular choice among investors. The overall decrease in IWB holdings might suggest that Paragon is hedging against any potential market volatility that could occur in Q1 2023.

APPLE INC (AAPL)

Paragon also reduced its holdings of APPLE INC (AAPL) by 1%, from 105,766 shares in Q3 to 104,692 shares in Q4, valued at $13,602,000. This decrease is likely due to profit-taking, as AAPL has seen a steady increase in value over the last year. The recent volatility in the supply chain might also be a factor behind the decrease.

MICROSOFT CORP (MSFT)

Paragon’s holdings in MICROSOFT CORP (MSFT) decreased by 0.8% in Q4, resulting in 50,454 shares valued at $12,099,000. This change might indicate that Paragon is reallocating its tech holdings, as Microsoft is a key player in the tech industry.

CONOCOPHILLIPS (COP)

Paragon increased its holdings of CONOCOPHILLIPS (COP) by 1.1% in Q4, resulting in 82,880 shares valued at $9,779,000. This significant increase might suggest that Paragon is optimistic about the oil and gas industry's potential growth in the upcoming year.

NIKE INC (NKE)

Paragon increased its holdings of NIKE INC (NKE) by 1.3% in Q4, resulting in 67,583 shares valued at $7,907,000. NKE has enjoyed steady growth over the last few years, resulting in a surge in value. It appears that Paragon recognizes this trend and is increasing its holdings in the company.

AMAZON COM INC (AMZN)

Paragon has significantly decreased its holdings of AMAZON COM INC (AMZN) by 19.4% in Q4, resulting in 54,634 shares worth $4,589,000. This sharp reduction might reflect the concerns of increased regulatory scrutiny that Amazon faces and the ongoing antitrust investigation.

CHEVRON CORP NEW (CVX)

Paragon increased its holdings of CHEVRON CORP NEW (CVX) by 16.9% in Q4, resulting in 8,260 shares worth $1,482,000. This notable increase in holdings shows that Paragon has confidence in Chevron's future growth prospects.

In conclusion, Paragon’s Q3 vs. Q4 13F filings illustrate how investment firms continually manage their portfolios to maximize profitability. While the reasons behind specific buy and sell decisions are not always clear, knowing which companies the largest funds are trading can be helpful to other investors in determining their own investment strategies.