Vault-13

PARAGON 28 INC FNA

COM · Common Stock · CUSIP 69913P105

131 institutional holders +17 vs Q3 2024
47,548,73747.5m shares reported held*
$490.9mreported value*
29 new 38 added 39 reduced 15 sold out net sold ≈ $45.8m (-4.4m 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 ($744.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $10.32. Options: 2 managers hold calls ($126.0k notional), 2 hold puts ($13.4k).

Trends to Q4 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: 114Q4 24: 131131Q3 22Q1 23Q3 23Q1 24Q3 24Q4 24
Numbers
QuarterHolders
Q3 202279
Q4 202287
Q1 2023108
Q2 2023108
Q3 202396
Q4 2023112
Q1 2024108
Q2 2024112
Q3 2024114
Q4 2024131

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q1 23: 80 bought or addedQ1 23: 25 cut or sold outQ2 23: 55 bought or addedQ2 23: 49 cut or sold outQ2 23Q3 23: 43 bought or addedQ3 23: 52 cut or sold outQ4 23: 60 bought or addedQ4 23: 48 cut or sold outQ4 23Q1 24: 49 bought or addedQ1 24: 58 cut or sold outQ2 24: 75 bought or addedQ2 24: 42 cut or sold outQ2 24Q3 24: 56 bought or addedQ3 24: 54 cut or sold outQ4 24: 67 bought or addedQ4 24: 54 cut or sold outQ4 24
Numbers
QuarterBought or addedCut or sold out
Q1 20238025
Q2 20235549
Q3 20234352
Q4 20236048
Q1 20244958
Q2 20247542
Q3 20245654
Q4 20246754

Calls vs puts

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

CallsPuts
$0$250k$500k$750k$1mQ1 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 0.10Q4 24 calls: $126.0kQ4 24 puts: $13.4kQ4 24P/C 0.11
Numbers
QuarterCallsPutsP/C
Q1 2024$849.7k$541.9k0.64
Q2 2024$34.8k$25.7k0.74
Q3 2024$187.6k$18.7k0.10
Q4 2024$126.0k$13.4k0.11

Biggest buyers

VANGUARD GROUP INC Added +425,983+426.0k
First Light Asset Management, LLC Added +425,824+425.8k
MILLENNIUM MANAGEMENT LLC New +348,306+348.3k
Cubist Systematic Strategies, LLC New +105,176+105.2k
BNP PARIBAS FINANCIAL MARKETS New +74,848+74.8k
UBS Group AG Added +60,902+60.9k
Jump Financial, LLC New +60,900+60.9k
MARSHALL WACE, LLP Added +60,891+60.9k
TUDOR INVESTMENT CORP ET AL New +54,204+54.2k
Connor, Clark & Lunn Investment Management Ltd. New +52,970+53.0k

Biggest sellers

CREDIT AGRICOLE S A Sold out -974,000-974.0k
JPMORGAN CHASE & CO Reduced -761,145-761.1k
Eversept Partners, LP Sold out -749,213-749.2k
WELLINGTON MANAGEMENT GROUP LLP Sold out -694,799-694.8k
Thrivent Financial for Lutherans Reduced -662,000-662.0k
STATE STREET CORP Reduced -514,990-515.0k
MVM Partners, LLC Reduced -500,000-500.0k
CADIAN CAPITAL MANAGEMENT, LP Reduced -497,080-497.1k
BRAIDWELL LP Reduced -300,300-300.3k
Point72 Asset Management, L.P. Reduced -200,159-200.2k

Biggest calls

CITADEL ADVISORS LLC Reduced $126.0k12.2k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC Reduced $13.4k1.3k 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, Q4 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 First Light Asset Management, LLC 10.46% of their portfolio Edina, MN 10,580,46710.6m $109.3m $109.3m 10.46% Added +425.8k +425,824
2 MVM Partners, LLC 86.01% of their portfolio BOSTON, MA 10,386,14510.4m $107.0m $107.0m 86.01% Reduced -500.0k -500,000
3 BRAIDWELL LP 1.17% of their portfolio STAMFORD, CT 3,834,8093.8m $39.6m $39.6m 1.17% Reduced -300.3k -300,300
4 BlackRock, Inc. 0.00% of their portfolio New York, NY 3,518,2503.5m $36.3m $36.3m 0.00% Reduced -189.6k -189,613
5 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 2,809,1092.8m $29.0m $29.0m 0.00% Added +426.0k +425,983
6 Bleichroeder LP 4.58% of their portfolio NEW YORK, NY 1,763,3391.8m $18.2m $18.2m 4.58% Unchanged
7 GW&K Investment Management, LLC 0.14% of their portfolio BOSTON, MA 1,642,0391.6m $17.0m $17.0m 0.14% Reduced -44.0k -44,047
8 CADIAN CAPITAL MANAGEMENT, LP 0.83% of their portfolio NEW YORK, NY 1,402,9201.4m $14.5m $14.5m 0.83% Reduced -497.1k -497,080
9 JANUS HENDERSON GROUP PLC 0.01% of their portfolio LONDON, X0 1,186,5811.2m $12.3m $12.3m 0.01% Reduced -16.8k -16,797
10 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 1,048,3411.0m $10.8m $10.8m 0.00% Reduced -515.0k -514,990
11 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 978,832978.8k $10.1m $10.1m 0.00% Added +11.3k +11,313
12 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 808,611808.6k $8.4m $8.4m 0.00% Reduced -761.1k -761,145
13 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 784,660784.7k $8.1m $8.1m 0.00% Reduced -79.0k -78,980
14 Park Edge Advisors, LLC 1.80% of their portfolio Cleveland, OH 598,870598.9k $6.2m $6.2m 1.80% Unchanged
15 HighMark Wealth Management LLC 3.04% of their portfolio ST. PAUL, MN 512,144512.1k $5.3m $5.3m 3.04% Reduced -6.0k -6,001
16 PEREGRINE CAPITAL MANAGEMENT LLC 0.15% of their portfolio MINNEAPOLIS, MN 500,094500.1k $5.2m $5.2m 0.15% Added +9.1k +9,079
17 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 456,572456.6k $4.7m $4.7m 0.00% Added +30.2k +30,199
18 PFG Advisors 0.24% of their portfolio Phoenix, AZ 385,530385.5k $4.0m $4.0m 0.24% Unchanged
19 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 348,306348.3k $3.6m $3.6m 0.00% New
20 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 345,246345.2k $3.6m $3.6m 0.00% Added +1.7k +1,681
21 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 247,498247.5k $2.6m $2.6m 0.00% Reduced -48.0k -48,043
22 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 214,835214.8k $2.2m $2.2m 0.00% Added +27.0k +27,043
23 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 168,972169.0k $1.7m $1.7m 0.00% Reduced -735 -735
24 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 150,962151.0k $1.6m $1.6m 0.00% Reduced -1.9k -1,946
25 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.04% of their portfolio CHICAGO, IL 138,854138.9k $1.4m $1.4m 0.04% Reduced -12.0k -11,964
26 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 123,541123.5k $1.3m $1.3m 0.00% Reduced -530 -530
27 Cubist Systematic Strategies, LLC 0.02% of their portfolio STAMFORD, CT 105,176105.2k $1.1m $1.1m 0.02% New
28 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 100,405100.4k $1.0m $1.0m 0.00% Added +7.6k +7,582
29 Prescott Group Capital Management, L.L.C. 0.14% of their portfolio Tulsa, OK 100,000100.0k $1.0m $1.0m 0.14% Unchanged
30 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 91,71391.7k $947.4k $947.4k 0.00% Added +60.9k +60,891
31 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 90,65890.7k $936.5k $936.5k 0.00% Added +5.8k +5,846
32 MN Wealth Advisors, LLC 0.49% of their portfolio OVERLAND PARK, KS 84,53584.5k $873.2k $873.2k 0.49% Added +1.2k +1,200
33 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 81,28981.3k $839.7k $839.7k 0.00% Added +6.3k +6,269
34 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 78,37178.4k $809.6k $809.6k 0.00% Reduced -238 -238
35 UBS Group AG 0.00% of their portfolio ZURICH, V8 76,32676.3k $788.4k $788.4k 0.00% Added +60.9k +60,902
36 National Philanthropic Trust 0.01% of their portfolio Jenkintown, PA 75,49275.5k $779.8k $779.8k 0.01% Unchanged
37 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 74,84874.8k $773.2k $773.2k 0.00% New
38 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 74,80374.8k $772.7k $772.7k 0.00% Added +46.4k +46,411
39 Swiss National Bank 0.00% of their portfolio ZURICH, V8 73,90073.9k $763.4k $763.4k 0.00% Reduced -7.5k -7,500
40 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 65,06465.1k $672.0k $672.0k 0.00% Reduced -18.0k -18,035
41 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 62,86162.9k $649.3k $649.3k 0.00% Added +1.0k +1,024
42 Jump Financial, LLC 0.01% of their portfolio Chicago, IL 60,90060.9k $629.1k $629.1k 0.01% New
43 Point72 Asset Management, L.P. 0.00% of their portfolio STAMFORD, CT 58,05558.1k $599.7k $599.7k 0.00% Reduced -200.2k -200,159
44 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 54,22054.2k $560.1k $560.1k 0.00% Reduced -13.5k -13,510
45 TUDOR INVESTMENT CORP ET AL 0.01% of their portfolio STAMFORD, CT 54,20454.2k $559.9k $559.9k 0.01% New
46 Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio VANCOUVER, A1 52,97053.0k $547.2k $547.2k 0.00% New
47 ExodusPoint Capital Management, LP 0.01% of their portfolio NEW YORK, NY 50,83550.8k $525.0k $525.0k 0.01% Reduced -8.5k -8,545
48 GSA CAPITAL PARTNERS LLP 0.04% of their portfolio LONDON, X0 50,08650.1k $517.0k $517.0k 0.04% Reduced -7.7k -7,658
49 LOS ANGELES CAPITAL MANAGEMENT LLC 0.00% of their portfolio LOS ANGELES, CA 48,93148.9k $505.5k $505.5k 0.00% New
50 Bensler, LLC 0.06% of their portfolio Bellevue, WA 45,37945.4k $468.8k $468.8k 0.06% Unchanged
51 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 45,02645.0k $465.1k $465.1k 0.00% Added +34.7k +34,746
52 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 40,43540.4k $417.7k $417.7k 0.00% Added +16.0k +15,971
53 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 39,68239.7k $409.9k $409.9k 0.00% Added +5.6k +5,551
54 Mariner, LLC 0.00% of their portfolio Overland Park, KS 38,78338.8k $400.6k $400.6k 0.00% Added +21.5k +21,509
55 Inspire Investing, LLC 0.04% of their portfolio MERIDIAN, ID 38,60138.6k $398.7k $398.7k 0.04% Reduced -23.5k -23,547
56 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 35,82735.8k $370.1k $370.1k 0.00% Reduced -3.8k -3,793
57 FMR LLC 0.00% of their portfolio BOSTON, MA 34,06134.1k $351.9k $351.9k 0.00% Added +32.8k +32,775
58 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 29,30129.3k $302.7k $302.7k 0.00% Added +4.2k +4,225
59 Legal & General Group Plc 0.00% of their portfolio London, X0 28,55428.6k $295.0k $295.0k 0.00% Unchanged
60 Verition Fund Management LLC 0.00% of their portfolio GREENWICH, CT 28,37628.4k $293.1k $293.1k 0.00% New
61 MetLife Investment Management, LLC 0.00% of their portfolio Whippany, NJ 27,41227.4k $283.2k $283.2k 0.00% Unchanged
62 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 26,81926.8k $277.0k $277.0k 0.00% Added +820 +820
63 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 26,75426.8k $276.0k $276.0k 0.00% Added +7.7k +7,653
64 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 25,54425.5k $263.9k $263.9k 0.00% Added +477 +477
65 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 25,34825.3k $261.8k $261.8k 0.00% Added +10.5k +10,534
66 INTECH INVESTMENT MANAGEMENT LLC 0.00% of their portfolio WEST PALM BEACH, FL 23,78423.8k $245.7k $245.7k 0.00% Added +13.3k +13,334
67 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 23,62423.6k $244.0k $244.0k 0.00% Added +9.9k +9,942
68 Corebridge Financial, Inc. 0.00% of their portfolio HOUSTON, TX 23,42823.4k $242.0k $242.0k 0.00% Reduced -1.8k -1,768
69 Quantbot Technologies LP 0.01% of their portfolio NEW YORK, NY 22,91122.9k $236.7k $236.7k 0.01% New
70 OneAscent Financial Services LLC 0.02% of their portfolio BIRMINGHAM, AL 22,57522.6k $233.0k $233.0k 0.02% New
71 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 22,08322.1k $228.1k $228.1k 0.00% New
72 COMMERCE BANK 0.00% of their portfolio KANSAS CITY, MO 18,22018.2k $188.2k $188.2k 0.00% Reduced -130 -130
73 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 18,20018.2k $188.0k $188.0k 0.00% Reduced -1.0k -1,015
74 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 17,78617.8k $184.0k $184.0k 0.00% Added +2.6k +2,618
75 AlphaCore Capital LLC 0.04% of their portfolio LA JOLLA, CA 16,91616.9k $174.7k $174.7k 0.04% New
76 Palumbo Wealth Management LLC 0.06% of their portfolio GREAT NECK, NY 16,55316.6k $171.0k $171.0k 0.06% New
77 XTX Topco Ltd 0.01% of their portfolio LONDON, X0 16,49516.5k $170.4k $170.4k 0.01% New
78 Ballentine Partners, LLC 0.00% of their portfolio Waltham, MA 15,63015.6k $161.5k $161.5k 0.00% Added +2.0k +2,043
79 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 14,98615.0k $154.8k $154.8k 0.00% Reduced -1.2k -1,170
80 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 14,57014.6k $150.5k $150.5k 0.00% Added +11.5k +11,500
81 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 13,88613.9k $143.4k $143.4k 0.00% Unchanged
82 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 13,77013.8k $142.2k $142.2k 0.00% Reduced -36.0k -35,989
83 Balyasny Asset Management L.P. 0.00% of their portfolio Chicago, IL 13,28813.3k $137.3k $137.3k 0.00% New
84 ProShare Advisors LLC 0.00% of their portfolio BETHESDA, MD 13,27213.3k $137.1k $137.1k 0.00% New
85 Aquatic Capital Management LLC 0.00% of their portfolio CHICAGO, IL 13,04513.0k $134.8k $134.8k 0.00% Reduced -22.5k -22,455
86 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 12,82712.8k $133.0k $133.0k 0.00% Reduced -736 -736
87 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio TALLAHASSEE, FL 12,60012.6k $130.2k $130.2k 0.00% Unchanged
88 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 12,50012.5k $129.0k $129.0k 0.00% Reduced -662.0k -662,000
89 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 11,72811.7k $121.0k $121.0k 0.00% New
90 ARIZONA STATE RETIREMENT SYSTEM 0.00% of their portfolio PHOENIX, AZ 10,91110.9k $112.7k $112.7k 0.00% Reduced -1.0k -1,032
91 Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio TRENTON, NJ 10,36810.4k $107.1k $107.1k 0.00% First filing
92 KLP KAPITALFORVALTNING AS 0.00% of their portfolio OSLO, Q8 9,1009.1k $94.0k $94.0k 0.00% First filing
93 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 8,3268.3k $86.0k $86.0k 0.00% Reduced -1.3k -1,299
94 State of Wyoming 0.01% of their portfolio CHEYENNE, WY 4,3594.4k $45.0k $45.0k 0.01% Added +1.2k +1,187
95 SHELL ASSET MANAGEMENT CO 0.00% of their portfolio THE HAGUE, P7 4,3274.3k $45.0k $45.0k 0.00% Unchanged
96 Ameritas Investment Partners, Inc. 0.00% of their portfolio LINCOLN, NE 3,9153.9k $40.4k $40.4k 0.00% Unchanged
97 AlphaQuest LLC 0.01% of their portfolio New York, NY 3,6803.7k $38.0k $38.0k 0.01% Added +925 +925
98 Point72 (DIFC) Ltd 0.00% of their portfolio DUBAI, C0 3,6013.6k $37.2k $37.2k 0.00% New
99 Venturi Wealth Management, LLC 0.00% of their portfolio AUSTIN, TX 3,5003.5k $36.2k $36.2k 0.00% New
100 R Squared Ltd 0.02% of their portfolio HONG KONG, K3 2,0402.0k $21.1k $21.1k 0.02% First filing