Paragon Wealth Strategies, LLC 13F Holdings Comparison: Q4 2022 vs. Q1 2023

Investing in stocks and bonds can be a daunting task for even the most seasoned investors. With so many funds and investment options available, it can be difficult to determine which ones are worth the investment. That's why many investors look towards professional financial managers for guidance. One such professional financial management company is Paragon Wealth Strategies, LLC. In this blog post, we'll be analyzing their Q4 2022 vs. Q1 2023 13F holdings to take a closer look at the changes in their investments.

Paragon Wealth Strategies, LLC's assets under management add up to $564 million. As of the end of the first quarter of 2023, they owned shares in 42 stocks, with the top 10 holdings accounting for 53.34% of the portfolio value. These holdings included stocks from a variety of industries such as technology, healthcare, financial services, and energy.

One of Paragon's top holdings is the ISHARES INVESTMENT GRADE BOND FACTOR ETF (IGEB), an investment in the bond market. This ETF saw a 4.2% increase in shares owned, from 503,877 in Q4 2022 to 508,650 in Q1 2023. The fund also saw an increase in value from $21,822,000 to $22,741,000 in the same timeframe.

Another notable increase is in Invenergy Solar ETF (TAN) with shares increasing by 9.1% from 144,236 in Q4 2022 to 147,841 in Q1 2023. The increase is also reflected in the rise in value from $10,520,000 to $11,476,000. Similarly, shares in Ishares 20 Yr Treasury ETF (TLT) increased from 157,321 to 159,294, with its value increasing from $15,662,000 to $16,944,000.

Paragon Wealth Strategies also made significant investment decisions this quarter as they acquired Pacer US Small Cap Cash Cows 100 ETF (CALF) with 483,363 shares valued at $18,396,000, becoming one of the top holdings in Q1 2023. They also acquired 7320 shares of the Moderna Inc Com (MRNA) that is valued at $317,000.

On the other hand, there were some positions that Paragon Wealth Strategies let go of in the first quarter of 2023. Shares in ISHARES RUSSELL 1000 GROWTH ETF (IWF), SCHWAB FUNDAMENTAL INTERNATIONAL LARGE CO. INDEX ETF (FNDF), and GUGGENHEIM ETF TRUST S&P 500 EQUAL WEIGHT (RSP) were all sold off completely.

It's important to note that the ending value of holdings increased from $294,868,000 in Q4 2022 to $297,644,000, marking a 0.94% quarter-over-quarter increase.

In conclusion, by analyzing the Paragon Wealth Strategies, LLC 13F holdings comparison, we can see that they have made some changes to their portfolio from Q4 2022 to Q1 2023. The investment management firm made some strategic purchases of new stocks, sold off some previous ones, and made sure to hold onto their top performers. By keeping a close eye on these changes, investors can gain insight into the company's investment strategy and make their decision on whether or not to invest in their funds.