# EDGAR Filing Document

**Accession Number:** 0001388437
**File Stem:** 0001388437-25-000007
**Filing Date:** 2025-11
**Character Count:** 9183
**Document Hash:** 841afd344f009191152eda19858b5533
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001388437-25-000007.hdr.sgml**: 20251112

**ACCESSION NUMBER**: 0001388437-25-000007

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251112

**DATE AS OF CHANGE**: 20251112

**EFFECTIVENESS DATE**: 20251112

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Paragon Capital Management LLC
- **CENTRAL INDEX KEY:** 0001388437

**ORGANIZATION NAME:**
- **EIN:** 481204588
- **STATE OF INCORPORATION:** KS
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-12132
- **FILM NUMBER:** 251470596

**BUSINESS ADDRESS:**
- **STREET 1:** 9200 INDIAN CREEK PKWY
- **STREET 2:** SUITE 600
- **CITY:** OVERLAND PARK
- **STATE:** KS
- **ZIP:** 66210
- **BUSINESS PHONE:** 913-451-2254

**MAIL ADDRESS:**
- **STREET 1:** 9200 INDIAN CREEK PKWY
- **STREET 2:** SUITE 600
- **CITY:** OVERLAND PARK
- **STATE:** KS
- **ZIP:** 66210

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Paragon Capital Management LLC<br>**Address:** 9200 INDIAN CREEK PKWY<br>SUITE 600<br>OVERLAND PARK, KS 66210

**Form 13F File Number:** 028-12132

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Craig Novorr<br>**Title:** President  CIO<br>**Phone:** 913-451-6330

**Signature, Place, and Date of Signing:**

/s/Craig Novorr  OVERLAND PARK, KS  11-12-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 58

**Form 13F Information Table Value Total:** $207118267

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ADOBE INC | COM | 00724F101 |  | 870234 | 2467 | SH |  | SOLE |  | 2467 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 437149 | 1798 | SH |  | SOLE |  | 1798 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 3135950 | 12876 | SH |  | SOLE |  | 12876 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 9887996 | 45033 | SH |  | SOLE |  | 45033 | 0 | 0 |
| AMENTUM HOLDINGS INC | COM | 023939101 |  | 1151277 | 48070 | SH |  | SOLE |  | 48070 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 21917937 | 86077 | SH |  | SOLE |  | 86077 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 355824 | 12600 | SH |  | SOLE |  | 12600 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 1407274 | 27278 | SH |  | SOLE |  | 27278 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 1852094 | 3684 | SH |  | SOLE |  | 3684 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 464035 | 2150 | SH |  | SOLE |  | 2150 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 787736 | 17466 | SH |  | SOLE |  | 17466 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 359932 | 1091 | SH |  | SOLE |  | 1091 | 0 | 0 |
| CANADIAN PACIFIC KANSAS CITY | COM | 13646K108 |  | 228982 | 3074 | SH |  | SOLE |  | 3074 | 0 | 0 |
| CASEYS GEN STORES INC | COM | 147528103 |  | 13944057 | 24665 | SH |  | SOLE |  | 24665 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 1240590 | 2600 | SH |  | SOLE |  | 2600 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 2784505 | 17931 | SH |  | SOLE |  | 17931 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 6448770 | 94252 | SH |  | SOLE |  | 94252 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 1829168 | 18021 | SH |  | SOLE |  | 18021 | 0 | 0 |
| COMMERCE BANCSHARES INC | COM | 200525103 |  | 2417172 | 40448 | SH |  | SOLE |  | 40448 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 7167123 | 75770 | SH |  | SOLE |  | 75770 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 15290894 | 16519 | SH |  | SOLE |  | 16519 | 0 | 0 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 1187276 | 33864 | SH |  | SOLE |  | 33864 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 1056919 | 9374 | SH |  | SOLE |  | 9374 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 4954674 | 21011 | SH |  | SOLE |  | 21011 | 0 | 0 |
| GOLDMAN SACHS ETF TR | EQUAL WEIGHT US | 381430438 |  | 722755 | 8499 | SH |  | SOLE |  | 8499 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 382094 | 943 | SH |  | SOLE |  | 943 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 1902453 | 56705 | SH |  | SOLE |  | 56705 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 4776940 | 16929 | SH |  | SOLE |  | 16929 | 0 | 0 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 321197 | 2703 | SH |  | SOLE |  | 2703 | 0 | 0 |
| ISHARES TR | RUS 1000 ETF | 464287622 |  | 21338829 | 58385 | SH |  | SOLE |  | 58385 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 2084729 | 8616 | SH |  | SOLE |  | 8616 | 0 | 0 |
| JACOBS SOLUTIONS INC | COM | 46982L108 |  | 6623509 | 44197 | SH |  | SOLE |  | 44197 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 6400657 | 34519 | SH |  | SOLE |  | 34519 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 386402 | 1225 | SH |  | SOLE |  | 1225 | 0 | 0 |
| KENVUE INC | COM | 49177J102 |  | 677392 | 41737 | SH |  | SOLE |  | 41737 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 269161 | 1071 | SH |  | SOLE |  | 1071 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 7550823 | 24847 | SH |  | SOLE |  | 24847 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 20847414 | 40249 | SH |  | SOLE |  | 40249 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 3886644 | 55738 | SH |  | SOLE |  | 55738 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 3049883 | 16346 | SH |  | SOLE |  | 16346 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 366737 | 1304 | SH |  | SOLE |  | 1304 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 |  | 1808047 | 13292 | SH |  | SOLE |  | 13292 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 299003 | 1946 | SH |  | SOLE |  | 1946 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 471034 | 2815 | SH |  | SOLE |  | 2815 | 0 | 0 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US S | 808524763 |  | 280357 | 8997 | SH |  | SOLE |  | 8997 | 0 | 0 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 525223 | 1863 | SH |  | SOLE |  | 1863 | 0 | 0 |
| SHELL PLC | SPON ADS | 780259305 |  | 334832 | 4681 | SH |  | SOLE |  | 4681 | 0 | 0 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 |  | 335565 | 563 | SH |  | SOLE |  | 563 | 0 | 0 |
| SPDR SERIES TRUST | S OILGAS EXP | 78468R556 |  | 847931 | 6414 | SH |  | SOLE |  | 6414 | 0 | 0 |
| STELLAR BANCORP INC | COM | 858927106 |  | 1997829 | 65848 | SH |  | SOLE |  | 65848 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 6092142 | 42148 | SH |  | SOLE |  | 42148 | 0 | 0 |
| UMB FINL CORP | COM | 902788108 |  | 1846615 | 15603 | SH |  | SOLE |  | 15603 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 381028 | 1612 | SH |  | SOLE |  | 1612 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 1797287 | 5205 | SH |  | SOLE |  | 5205 | 0 | 0 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 506553 | 1992 | SH |  | SOLE |  | 1992 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 3077403 | 9014 | SH |  | SOLE |  | 9014 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 3435196 | 33332 | SH |  | SOLE |  | 33332 | 0 | 0 |
| XCEL ENERGY INC | COM | 98389B100 |  | 317035 | 3931 | SH |  | SOLE |  | 3931 | 0 | 0 |

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