Vault-13

PARAGON 28 INC FNA

COM · Common Stock · CUSIP 69913P105

114 institutional holders +2 vs Q2 2024
52,033,11152.0m shares reported held*
$347.3mreported value*
20 new 36 added 34 reduced 20 sold out net bought ≈ $28.3m (+4.2m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($3.2k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $6.67. Options: 3 managers hold calls ($187.6k notional), 3 hold puts ($18.7k).

Trends to Q3 2024

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 79Q4 22: 87Q1 23: 108Q2 23: 108Q3 23: 96Q4 23: 112Q1 24: 108Q2 24: 112Q3 24: 114114Q3 22Q1 23Q3 23Q1 24Q3 24
Numbers
QuarterHolders
Q3 202279
Q4 202287
Q1 2023108
Q2 2023108
Q3 202396
Q4 2023112
Q1 2024108
Q2 2024112
Q3 2024114

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q4 22: 40 bought or addedQ4 22: 34 cut or sold outQ1 23: 80 bought or addedQ1 23: 25 cut or sold outQ1 23Q2 23: 55 bought or addedQ2 23: 49 cut or sold outQ3 23: 43 bought or addedQ3 23: 52 cut or sold outQ3 23Q4 23: 60 bought or addedQ4 23: 48 cut or sold outQ1 24: 49 bought or addedQ1 24: 58 cut or sold outQ1 24Q2 24: 75 bought or addedQ2 24: 42 cut or sold outQ3 24: 56 bought or addedQ3 24: 54 cut or sold outQ3 24
Numbers
QuarterBought or addedCut or sold out
Q4 20224034
Q1 20238025
Q2 20235549
Q3 20234352
Q4 20236048
Q1 20244958
Q2 20247542
Q3 20245654

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$250k$500k$750k$1mQ4 23 calls: $177.7kQ4 23 puts: $190.2kQ4 23P/C 1.07Q1 24 calls: $849.7kQ1 24 puts: $541.9kQ1 24P/C 0.64Q2 24 calls: $34.8kQ2 24 puts: $25.7kQ2 24P/C 0.74Q3 24 calls: $187.6kQ3 24 puts: $18.7kQ3 24P/C 0.10
Numbers
QuarterCallsPutsP/C
Q4 2023$177.7k$190.2k1.07
Q1 2024$849.7k$541.9k0.64
Q2 2024$34.8k$25.7k0.74
Q3 2024$187.6k$18.7k0.10

Biggest buyers

First Light Asset Management, LLC Added +1,979,811+2.0m
CADIAN CAPITAL MANAGEMENT, LP New +1,900,000+1.9m
JPMORGAN CHASE & CO Added +1,499,730+1.5m
Eversept Partners, LP New +749,213+749.2k
HighMark Wealth Management LLC Added +421,534+421.5k
GW&K Investment Management, LLC Added +327,482+327.5k
Stonepine Capital Management, LLC New +114,724+114.7k
BANK OF AMERICA CORP /DE/ Added +112,723+112.7k
Cambridge Investment Research Advisors, Inc. New +83,099+83.1k
NORTHERN TRUST CORP Added +80,642+80.6k

Biggest sellers

MILLENNIUM MANAGEMENT LLC Sold out -725,489-725.5k
CITADEL ADVISORS LLC Reduced -604,017-604.0k
Handelsbanken Fonder AB Sold out -350,000-350.0k
Thrivent Financial for Lutherans Reduced -346,688-346.7k
Prosight Management, LP Sold out -261,400-261.4k
MORGAN STANLEY Reduced -186,092-186.1k
Point72 Asset Management, L.P. Reduced -145,497-145.5k
Cubist Systematic Strategies, LLC Sold out -127,046-127.0k
Skandinaviska Enskilda Banken AB (publ) Sold out -108,625-108.6k
Squarepoint Ops LLC Reduced -104,500-104.5k

Biggest calls

CITADEL ADVISORS LLC Added $137.6k20.6k shares
SIMPLEX TRADING, LLC Added $50.0k7.6k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC Reduced $14.7k2.2k shares
SIMPLEX TRADING, LLC Reduced $4.0k600 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
GLAZER CAPITAL, LLC 13G · passive investor new · filed 2025-02-28 7.0% new 5.9m 2025-02-28

Holders, Q3 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MVM Partners, LLC 79.02% of their portfolio BOSTON, MA 10,886,14510.9m $72.4m $72.4m 79.02% Unchanged
2 First Light Asset Management, LLC 5.64% of their portfolio Edina, MN 10,154,64310.2m $67.8m $67.8m 5.64% Added +2.0m +1,979,811
3 BRAIDWELL LP 0.78% of their portfolio STAMFORD, CT 4,135,1094.1m $27.6m $27.6m 0.78% Reduced -15.0k -15,000
4 BlackRock, Inc. 0.00% of their portfolio New York, NY 3,707,8633.7m $24.8m $24.8m 0.00% First filing
5 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 2,383,1262.4m $15.9m $15.9m 0.00% Added +42.5k +42,496
6 CADIAN CAPITAL MANAGEMENT, LP 0.65% of their portfolio NEW YORK, NY 1,900,0001.9m $12.7m $12.7m 0.65% New
7 Bleichroeder LP 3.17% of their portfolio NEW YORK, NY 1,763,3391.8m $11.8m $11.8m 3.17% Unchanged
8 GW&K Investment Management, LLC 0.10% of their portfolio BOSTON, MA 1,686,0861.7m $11.3m $11.3m 0.10% Added +327.5k +327,482
9 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,569,7561.6m $10.5m $10.5m 0.00% Added +1.5m +1,499,730
10 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 1,563,3311.6m $10.4m $10.4m 0.00% Added +39.1k +39,075
11 JANUS HENDERSON GROUP PLC 0.00% of their portfolio LONDON, X0 1,203,3781.2m $8.0m $8.0m 0.00% Reduced -728 -728
12 CREDIT AGRICOLE S A 0.03% of their portfolio Montrouge Cedex, I0 974,000974.0k $6.5m $6.5m 0.03% Unchanged
13 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 967,519967.5k $6.5m $6.5m 0.00% Added +23.2k +23,167
14 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 863,640863.6k $5.8m $5.8m 0.00% Added +112.7k +112,723
15 Eversept Partners, LP 0.38% of their portfolio NEW YORK, NY 749,213749.2k $5.0m $5.0m 0.38% New
16 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 694,799694.8k $4.6m $4.6m 0.00% Added +45.2k +45,215
17 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 674,500674.5k $4.5m $4.5m 0.01% Reduced -346.7k -346,688
18 Park Edge Advisors, LLC 1.14% of their portfolio Cleveland, OH 598,870598.9k $4.0m $4.0m 1.14% Added +15.7k +15,727
19 HighMark Wealth Management LLC 1.89% of their portfolio ST. PAUL, MN 518,145518.1k $3.5m $3.5m 1.89% Added +421.5k +421,534
20 PEREGRINE CAPITAL MANAGEMENT LLC 0.10% of their portfolio MINNEAPOLIS, MN 491,015491.0k $3.3m $3.3m 0.10% Added +1.1k +1,104
21 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 426,373426.4k $2.8m $2.8m 0.00% Added +80.6k +80,642
22 PFG Advisors 0.16% of their portfolio Phoenix, AZ 385,530385.5k $2.6m $2.6m 0.16% Unchanged
23 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 343,565343.6k $2.3m $2.3m 0.00% Added +15.1k +15,064
24 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 295,541295.5k $2.0m $2.0m 0.00% Reduced -186.1k -186,092
25 Point72 Asset Management, L.P. 0.01% of their portfolio STAMFORD, CT 258,214258.2k $1.7m $1.7m 0.01% Reduced -145.5k -145,497
26 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 187,792187.8k $1.3m $1.3m 0.00% Reduced -78.5k -78,496
27 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 169,707169.7k $1.1m $1.1m 0.00% Added +3.1k +3,085
28 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 152,908152.9k $1.0m $1.0m 0.00% Added +1.0k +1,045
29 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.02% of their portfolio CHICAGO, IL 150,818150.8k $1.0m $1.0m 0.02% Reduced -15.9k -15,925
30 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 124,071124.1k $828.8k $828.8k 0.00% Reduced -35.8k -35,751
31 Stonepine Capital Management, LLC 0.48% of their portfolio Bend, OR 114,724114.7k $766.4k $766.4k 0.48% New
32 Prescott Group Capital Management, L.L.C. 0.10% of their portfolio Tulsa, OK 100,000100.0k $668.0k $668.0k 0.10% Added +14.2k +14,204
33 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 92,82392.8k $620.1k $620.1k 0.00% Reduced -39.9k -39,915
34 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 84,81284.8k $566.5k $566.5k 0.00% Added +54.6k +54,591
35 Valeo Financial Advisors, LLC 0.02% of their portfolio CARMEL, IN 83,93583.9k $560.7k $560.7k 0.02% Unchanged
36 MN Wealth Advisors, LLC 0.32% of their portfolio OVERLAND PARK, KS 83,33583.3k $556.7k $556.7k 0.32% Unchanged
37 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 83,09983.1k $555.0k $555.0k 0.00% New
38 Swiss National Bank 0.00% of their portfolio ZURICH, V8 81,40081.4k $543.8k $543.8k 0.00% Unchanged
39 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 78,60978.6k $525.1k $525.1k 0.00% Added +1.0k +1,020
40 National Philanthropic Trust 0.01% of their portfolio Jenkintown, PA 75,49275.5k $504.3k $504.3k 0.01% Unchanged
41 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 75,02075.0k $501.1k $501.1k 0.00% Reduced -2.2k -2,228
42 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 67,73067.7k $452.4k $452.4k 0.00% Unchanged
43 Inspire Investing, LLC 0.04% of their portfolio MERIDIAN, ID 62,14862.1k $415.1k $415.1k 0.04% Added +9.7k +9,681
44 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 61,83761.8k $413.1k $413.1k 0.00% Reduced -3.9k -3,890
45 ExodusPoint Capital Management, LP 0.00% of their portfolio NEW YORK, NY 59,38059.4k $397.0k $397.0k 0.00% New
46 GSA CAPITAL PARTNERS LLP 0.03% of their portfolio LONDON, X0 57,74457.7k $386.0k $386.0k 0.03% New
47 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 49,75949.8k $332.4k $332.4k 0.00% Reduced -604.0k -604,017
48 Bensler, LLC 0.04% of their portfolio Bellevue, WA 45,37945.4k $303.1k $303.1k 0.04% Unchanged
49 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 39,62039.6k $264.7k $264.7k 0.00% Reduced -1.2k -1,202
50 Aquatic Capital Management LLC 0.01% of their portfolio CHICAGO, IL 35,50035.5k $237.1k $237.1k 0.01% Added +2.4k +2,400
51 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 34,13134.1k $228.0k $228.0k 0.00% Added +23.9k +23,879
52 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 30,82230.8k $205.9k $205.9k 0.00% New
53 Legal & General Group Plc 0.00% of their portfolio London, X0 28,55428.6k $190.7k $190.7k 0.00% Reduced -145 -145
54 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 28,39228.4k $189.7k $189.7k 0.00% Reduced -31.5k -31,516
55 MetLife Investment Management, LLC 0.00% of their portfolio Whippany, NJ 27,41227.4k $183.1k $183.1k 0.00% Unchanged
56 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 25,99926.0k $173.7k $173.7k 0.00% Added +3.2k +3,221
57 PDT Partners, LLC 0.02% of their portfolio New York, NY 25,47525.5k $170.2k $170.2k 0.02% Reduced -3.5k -3,462
58 Corebridge Financial, Inc. 0.00% of their portfolio HOUSTON, TX 25,19625.2k $168.3k $168.3k 0.00% Reduced -156 -156
59 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 25,07625.1k $167.5k $167.5k 0.00% Reduced -104.5k -104,500
60 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 25,06725.1k $167.4k $167.4k 0.00% Added +258 +258
61 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 24,46424.5k $163.4k $163.4k 0.00% Added +7.6k +7,559
62 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 19,21519.2k $128.4k $128.4k 0.00% Reduced -6.8k -6,777
63 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 19,10119.1k $128.0k $128.0k 0.00% New
64 COMMERCE BANK 0.00% of their portfolio KANSAS CITY, MO 18,35018.4k $122.6k $122.6k 0.00% Added +4.1k +4,075
65 Mariner, LLC 0.00% of their portfolio Overland Park, KS 17,27417.3k $115.4k $115.4k 0.00% Added +3.9k +3,900
66 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 16,15616.2k $107.9k $107.9k 0.00% Added +127 +127
67 UBS Group AG 0.00% of their portfolio ZURICH, V8 15,42415.4k $103.0k $103.0k 0.00% Reduced -2.9k -2,917
68 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 15,16815.2k $102.0k $102.0k 0.00% Added +602 +602
69 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 14,81414.8k $99.0k $99.0k 0.00% Reduced -273 -273
70 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 13,88613.9k $92.8k $92.8k 0.00% Unchanged
71 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 13,68213.7k $91.4k $91.4k 0.00% New
72 Ballentine Partners, LLC 0.00% of their portfolio Waltham, MA 13,58713.6k $90.8k $90.8k 0.00% New
73 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 13,56313.6k $91.0k $91.0k 0.00% Reduced -2.2k -2,193
74 Cresset Asset Management, LLC 0.00% of their portfolio Chicago, IL 12,74312.7k $85.1k $85.1k 0.00% Reduced -820 -820
75 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio TALLAHASSEE, FL 12,60012.6k $84.2k $84.2k 0.00% Unchanged
76 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 12,32812.3k $83.0k $83.0k 0.00% Reduced -3.2k -3,190
77 ARIZONA STATE RETIREMENT SYSTEM 0.00% of their portfolio PHOENIX, AZ 11,94311.9k $79.8k $79.8k 0.00% Added +348 +348
78 INTECH INVESTMENT MANAGEMENT LLC 0.00% of their portfolio WEST PALM BEACH, FL 10,45010.4k $69.8k $69.8k 0.00% New
79 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 10,28010.3k $68.7k $68.7k 0.00% Reduced -28.3k -28,308
80 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 9,6259.6k $64.3k $64.3k 0.00% Added +2.6k +2,571
81 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 9,1819.2k $61.3k $61.3k 0.00% Added +3.7k +3,688
82 ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio Boston, MA 7,9127.9k $52.0k $52.0k 0.00% New
83 NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio ST. LOUIS, MO 4,8664.9k $32.5k $32.5k 0.00% Added +190 +190
84 SHELL ASSET MANAGEMENT CO 0.00% of their portfolio THE HAGUE, P7 4,3274.3k $29.0k $29.0k 0.00% First filing
85 Ameritas Investment Partners, Inc. 0.00% of their portfolio LINCOLN, NE 3,9153.9k $26.2k $26.2k 0.00% Unchanged
86 State of Wyoming 0.00% of their portfolio CHEYENNE, WY 3,1723.2k $21.2k $21.2k 0.00% Reduced -2.4k -2,378
87 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 3,0703.1k $20.5k $20.5k 0.00% Reduced -12.7k -12,700
88 AlphaQuest LLC 0.00% of their portfolio New York, NY 2,7552.8k $18.4k $18.4k 0.00% New
89 GROUP ONE TRADING LLC 0.00% of their portfolio CHICAGO, IL 2,0002.0k $13.4k $13.4k 0.00% New
90 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 1,9501.9k $13.0k $13.0k 0.00% Added +445 +445
91 AMALGAMATED BANK 0.00% of their portfolio NEW YORK, NY 1,6011.6k $11.0k $11.0k 0.00% Unchanged
92 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 1,5591.6k $10.4k $10.4k 0.00% Reduced -24 -24
93 FMR LLC 0.00% of their portfolio BOSTON, MA 1,2861.3k $8.6k $8.6k 0.00% Reduced -266 -266
94 CWM, LLC 0.00% of their portfolio OMAHA, NE 640640 $4.0k $4.0k 0.00% Reduced -225 -225
95 First Horizon Advisors, Inc. 0.00% of their portfolio MEMPHIS, TN 492492 $3.3k $3.3k 0.00% Unchanged
96 Point72 Asia (Singapore) Pte. Ltd. 0.00% of their portfolio SINGAPORE, U0 481481 $3.2k $3.2k 0.00% New
97 Lindbrook Capital, LLC 0.00% of their portfolio CALABASAS, CA 473473 $3.2k $3.2k 0.00% Added +336 +336
98 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 409409 $2.7k $2.7k 0.00% New
99 Johnson Financial Group, Inc. 0.00% of their portfolio RACINE, WI 206206 $1.4k $1.4k 0.00% New
100 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 200200 $1.3k $1.3k 0.00% Added +37 +37