Stocks/Funds/CIK 1047859

PARAGON ASSOCIATES & PARAGON ASSOCIATES II JOINT VENTURE

microcap filerlong-term holderconcentrated
Quarterly 13F filings · Latest period 2026-03-31 · CIK 1047859
Assets
$74M
+72.5% YoY
Holdings
14
Lifetime alpha vs market
+9.02% annual
Average hold time
3.6 yr
median 2.3 yr

Quarterly history

Cum return +370% vs S&P +152% · α +219% lifetimeAUM $74M · peak $176MFlow $21M (+43%)2016-062017-122019-062020-122022-062023-122025-062026-03
AUM ($B)fundS&P 500(gap = α)/ Flow in/out

Behavior signals (lifetime)

Dip response
+0.01%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.78%
steady accumulation
Rally response
-11.72%
trims into rallies
when a holding rises +10%+

Top positions · 14

Ticker$ value% portYoYHold time
CDECoeur Mining, Inc.$12M16.6%+217.1%0.3 yr
SPYState Street SPDR S&P 50$10M13.3%+17.6%3.8 yr
CDNACareDx, Inc$9M11.8%-2.2%5.0 yr
DMACDiaMedica Therapeutics I$6M8.1%+78.6%3.0 yr
NVGSNavigator Holdings Ltd.$6M7.9%+46.8%10.5 yr
NPKINPK International Inc.$5M7.4%+149.4%1.5 yr
STKLSunOpta Inc.$5M7.1%+33.3%1.0 yr
AEMAgnico Eagle Mines Limit$5M6.9%+89.2%5.5 yr
WESWestern Midstream Partne$4M5.6%+10.3%0.3 yr
EPSNEpsilon Energy Ltd.$4M5.4%-9.0%7.3 yr
IAUXi-80 Gold Corp.$4M5.2%+161.3%0.8 yr
PROFProfound Medical Corp.$2M2.4%+11.3%0.3 yr
IRIXIRIDEX Corporation$1M1.4%+2.0%10.5 yr
NEXMNexMetals Mining Corp.$1M1.1%0.3 yr

Portfolio composition (YoY)

Industry mix
Gold28.6%-9.9pp$21M
Oil & Gas Midstream13.5%-5.3pp$10M
Asset Management13.3%$10M
Medical - Diagnostics & Research11.8%+9.7pp$9M
Biotechnology8.1%+2.7pp$6M
Oil & Gas Equipment & Services7.4%+1.6pp$5M
Packaged Foods7.1%$5M
Oil & Gas Exploration & Production5.4%-6.9pp$4M
Medical - Devices3.8%+1.1pp$3M
Other Precious Metals1.1%$1M
Country
US81.7%+40.4pp
CA10.4%-28.2pp
GB7.9%-10.8pp
Top 5: 57.6% · Top 10: 90.0% · Top 25: 100.0%

Winners

TickerPrev $PnLYoY %
AEM$14M+0.01B89.2%
NVGS$8M+0.00B46.8%
NPKI$2M+0.00B149.4%
DMAC$2M+0.00B78.6%
IRIX$1M+0.00B2.0%

Losers

TickerPrev $PnLYoY %
EPSN$5M-0.00B-9.0%
CDNA$1M-0.00B-2.2%

Top buys this quarter · 8

CDE Coeur Mining, Inc.new+$12M
WES Western Midstream Partners, LPnew+$4M
SPY State Street SPDR S&P 500 ETF +$3M
CDNA CareDx, Inc+$2M
PROF Profound Medical Corp.new+$2M
IAUX i-80 Gold Corp.+$2M
NEXM NexMetals Mining Corp.new+$1M
STKL SunOpta Inc.+$0M

Top sells this quarter · 5

AEM Agnico Eagle Mines Limited$5M
NPKI NPK International Inc.$5M
QTRX Quanterix Corporationexit$0M
BELFB Bel Fuse Inc.exit$0M
QQQ Invesco QQQ Trust, Series 1exit$0M

Quarterly history (TTM returns)

PeriodAUM# PosReturn (1yr)SPY (1yr)Alpha (1yr)Flow
2026-03-31$74M14+46.62%+17.59%+29.03%+0.02B
2025-12-31$48M12+44.42%+17.72%+26.70%-0.01B
2025-09-30$56M12+35.88%+17.52%+18.36%-0.02B
2025-06-30$63M15+37.73%+14.94%+22.79%+0.02B
2025-03-31$43M13+26.98%+8.30%+18.68%-0.00B
2024-12-31$43M12+28.06%+24.89%+3.18%-0.01B
2024-09-30$56M16+34.17%+36.04%-1.87%+0.01B
2024-06-30$41M11+15.88%+24.49%-8.61%-0.02B
2024-03-31$56M16+21.12%+29.62%-8.50%+0.01B
2023-12-31$44M15+12.06%+26.18%-14.11%+0.01B
2023-09-30$31M10+17.62%+21.57%-3.95%-0.02B
2023-06-30$49M13+7.92%+19.42%-11.51%-0.00B
2023-03-31$48M11-11.07%-7.82%-3.25%-0.01B
2022-12-31$54M17-13.29%-18.17%+4.88%-0.00B
2022-09-30$50M12-12.91%-15.51%+2.60%+0.00B
2022-06-30$51M11-4.67%-10.62%+5.95%+0.00B