Paragon Wealth Strategies, LLC recently filed their 13F report for the second quarter of 2022, which ended on 2022-06-30.
The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.
10245 CENTURION PARKWAY NORTH SUITE 106 JACKSONVILLE, FL 32256
As of the latest 13F report, the guru’s equity portfolio contained 24 stocks valued at a total of $80.00Mil. The top holdings were PSQ(16.61%), SH(16.59%), and DOG(15.58%).
According to GuruFocus data, these were Paragon Wealth Strategies, LLC’s top five trades of the quarter.
ProShares Short QQQ -1x Shares
The guru established a new position worth 926,099 shares in ARCA:PSQ, giving the stock a 16.61% weight in the equity portfolio. Shares traded for an average price of $13.31 during the quarter.
On 07/11/2022, ProShares Short QQQ -1x Shares traded for a price of $13.96 per share and a market cap of $1.38Bil. The stock has returned 11.51% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
ProShares Short S&P500 -1x Shares
The guru established a new position worth 807,372 shares in ARCA:SH, giving the stock a 16.59% weight in the equity portfolio. Shares traded for an average price of $15.41 during the quarter.
On 07/11/2022, ProShares Short S&P500 -1x Shares traded for a price of $16.18 per share and a market cap of $2.74Bil. The stock has returned 4.78% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
ProShares Short Dow30 -1x Shares
The guru established a new position worth 345,324 shares in ARCA:DOG, giving the stock a 15.58% weight in the equity portfolio. Shares traded for an average price of $34.45 during the quarter.
On 07/11/2022, ProShares Short Dow30 -1x Shares traded for a price of $35.77 per share and a market cap of $283.43Mil. The stock has returned 4.34% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
ProShares Short Russell2000 -1x Shares
The guru established a new position worth 478,013 shares in ARCA:RWM, giving the stock a 15.5% weight in the equity portfolio. Shares traded for an average price of $24.35 during the quarter.
On 07/11/2022, ProShares Short Russell2000 -1x Shares traded for a price of $25.61 per share and a market cap of $474.21Mil. The stock has returned 15.90% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
PowerShares QQQ Trust Ser 1
The guru sold out of their 102,511-share investment in NAS:QQQ. Previously, the stock had a 9.73% weight in the equity portfolio. Shares traded for an average price of $310.63 during the quarter.
On 07/11/2022, PowerShares QQQ Trust Ser 1 traded for a price of $289.04 per share and a market cap of $157.83Bil. The stock has returned -17.22% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, PowerShares QQQ Trust Ser 1 has a price-earnings ratio of 21.52 and a price-book ratio of 5.78.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
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