13F filer · CIK 1037792 ↗

Paradigm Capital Management Inc

You are looking at Q3 2021. See the latest, Q2 2026 →

Reported value

$1.94B

−6.7% on the quarter before

Positions

151

6 new · 7 sold out

Top 10

32.7%

of the value

Est. gain

−$164.4M

on stocks held all quarter

Est. return

−8.0%

on those stocks since Q2 2021

Filed

Nov 8, 2021

On SEC EDGAR ↗

Positions as of Sep 30, 2021, from Paradigm Capital Management Inc's 13F filing with the SEC. A 13F lists a manager's US-listed stocks and options at a quarter end and is filed up to 45 days later, so the fund may hold something else today. It leaves out short positions, cash and holdings outside the US.

Portfolio at a glance

New
Added
Cut
Same
Options

The 24 largest positions, 61% of the reported value, each sized by its share, colored by what the fund did with it since Q2 2021. Striped tiles are options.

Onto Innovation4.6%

R1 Rcm, Inc4.3%

Fabrinet3.4%

Extreme Networks3.1%

Veeco Instruments3.1%

Insight Enterprises2.9%

Calix Inc2.9%

Entegris2.9%

Ultra Clean Holdings Inc2.7%

Ribbon Communications Inc2.6%

Forterra2.5%

Coherent2.5%

Omnicell Inc2.4%

Globus Medical2.4%MaxLinear2.3%Skyworks Solutions2.3%Broadcom2.0%Jabil1.9%

Cohu Inc.1.9%

Ducommun Inc1.8%

Enersys1.8%

American Woodmark Corporation1.5%

Kirkland'S Inc.1.4%

Citi Trends, Inc.1.4%

Onto Innovation4.6%

R1 Rcm, Inc4.3%

Fabrinet3.4%

Extreme Networks3.1%

Veeco Instruments3.1%

Insight Enterprises2.9%

Calix Inc2.9%

Entegris2.9%

Ultra Clean Holdings Inc2.7%

Ribbon Communications Inc2.6%

Forterra2.5%

Coherent2.5%

Omnicell Inc2.4%

Globus Medical2.4%MaxLinear2.3%Skyworks Solutions2.3%Broadcom2.0%Jabil1.9%

Cohu Inc.1.9%

Ducommun Inc1.8%

Enersys1.8%

American Woodmark Corporation1.5%

Kirkland'S Inc.1.4%

Citi Trends, Inc.1.4%

Largest buys

Since Q2 2021, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.

Ensign Group, Inc.~$14.0MAdded · 0.4% → 1.1%+186,800 shares
American Woodmark Corporation~$6.3MAdded · 1.3% → 1.5%+96,300 shares
Calamp Corp~$5.2MAdded · 0.1% → 0.3%+522,400 shares
Caleres Inc~$5.1MAdded · 0.5% → 0.7%+231,200 shares
Kirkland'S Inc.~$4.2MAdded · 1.3% → 1.4%+220,463 shares
Flexion Therapeutics Inc~$3.8MAdded · 0.0% → 0.2%+628,200 shares
Modine~$2.4MAdded · 0.6% → 0.6%+213,400 shares
Pitney Bowes~$2.0MAdded · 0.7% → 0.7%+279,100 shares
Citi Trends, Inc.~$1.7MAdded · 1.4% → 1.4%+23,100 shares
Invacare Corporation~$1.4MAdded · 1.0% → 0.7%+288,900 shares

Largest sells

Since Q2 2021, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.

Concentrix Corp~$5.8MCut · 0.3% → 0.1%−33,000 shares
Tillys Inc~$4.8MCut · 1.0% → 0.7%−340,469 shares
Cutera, Inc.~$4.1MCut · 0.8% → 0.6%−87,900 shares
Aviat Networks~$3.1MSold out · 0.2% → 0.0%−95,700 shares
TTM Technologies~$1.9MCut · 0.8% → 0.6%−154,000 shares
Optinose, Inc.~$1.9MCut · 0.2% → 0.1%−631,679 shares
Si-Bone, Inc.~$1.9MSold out · 0.1% → 0.0%−60,000 shares
Fabrinet~$1.8MCut · 3.0% → 3.4%−17,200 shares
Lumentum~$1.4MCut · 1.0% → 1.1%−16,765 shares
Quantum Corporation~$1.4MSold out · 0.1% → 0.0%−200,000 shares

Holdings

As of Sep 30, 2021. Changes are in shares against Jun 30, 2021, so a price move alone never reads as a buy or a sale.

Positions, sorted by share of the portfolio
#	Holding		% prev	Value	Shares		Price	Prev price
1	Onto InnovationCOM · shares −0.5% · price −1.1%	4.6%	4.4%	$90.4M	1.3M	−0.5%	$72.25	$73.04	−1.1%	−$989,844
2	R1 Rcm, IncCOM · shares 0% · price −1.0%	4.3%	4.1%	$84.6M	3.8M	0%	$22.01	$22.24	−1.0%	−$884,000
3	FabrinetCOM · shares −2.6% · price +6.9%	3.4%	3.0%	$65.5M	639,100	−2.6%	$102.51	$95.87	+6.9%	+$4.2M
4	Extreme NetworksCOM · shares −0.2% · price −11.7%	3.1%	3.3%	$60.9M	6.2M	−0.2%	$9.85	$11.16	−11.7%	−$8.1M
5	Veeco InstrumentsCOM · shares 0% · price −7.6%	3.1%	3.1%	$60.5M	2.7M	0%	$22.21	$24.04	−7.6%	−$5.0M
6	Insight EnterprisesCOM · shares −0.3% · price −9.9%	2.9%	3.0%	$57.0M	632,900	−0.3%	$90.08	$100.01	−9.9%	−$6.3M
7	Calix IncCOM · shares 0% · price +4.1%	2.9%	2.6%	$56.5M	1.1M	0%	$49.43	$47.50	+4.1%	+$2.2M
8	EntegrisCOM · shares −0.07% · price +2.4%	2.9%	2.6%	$56.4M	448,100	−0.07%	$125.90	$122.97	+2.4%	+$1.3M
9	Ultra Clean Holdings IncCOM · shares +0.08% · price −20.7%	2.7%	3.2%	$53.1M	1.2M	+0.08%	$42.60	$53.72	−20.7%	−$13.9M
10	Ribbon Communications IncCOM · shares +0.7% · price −21.4%	2.6%	3.1%	$50.7M	8.5M	+0.7%	$5.98	$7.61	−21.4%	−$13.7M
11	ForterraCOM · shares 0% · price +0.2%	2.5%	2.3%	$48.6M	2.1M	0%	$23.56	$23.51	+0.2%	+$103,000
12	CoherentCOM · shares +0.8% · price −18.2%	2.5%	2.8%	$47.9M	807,300	+0.8%	$59.36	$72.59	−18.2%	−$10.6M
13	Omnicell IncCOM · shares −0.5% · price −2.0%	2.4%	2.3%	$47.5M	320,100	−0.5%	$148.43	$151.45	−2.0%	−$967,822
14	Globus MedicalCOM · shares +1.1% · price −1.2%	2.4%	2.3%	$47.1M	615,000	+1.1%	$76.62	$77.53	−1.2%	−$552,686
15	MaxLinearCOM · shares +0.2% · price +15.9%	2.3%	1.9%	$44.9M	911,000	+0.2%	$49.25	$42.49	+15.9%	+$6.1M
16	Skyworks SolutionsCOM · shares +0.8% · price −14.1%	2.3%	2.4%	$44.1M	267,525	+0.8%	$164.78	$191.75	−14.1%	−$7.2M
17	BroadcomCOM · shares 0% · price +1.7%	2.0%	1.9%	$39.8M	82,100	0%	$484.93	$476.85	+1.7%	+$664,000
18	JabilCOM · shares +0.02% · price +0.4%	1.9%	1.8%	$37.9M	648,500	+0.02%	$58.37	$58.12	+0.4%	+$162,163
19	Cohu Inc.COM · shares +2.1% · price −13.2%	1.9%	2.0%	$36.2M	1.1M	+2.1%	$31.94	$36.79	−13.2%	−$5.4M
20	Ducommun IncCOM · shares −0.2% · price −7.7%	1.8%	1.8%	$35.3M	701,315	−0.2%	$50.35	$54.56	−7.7%	−$3.0M
21	EnersysCOM · shares −0.06% · price −23.8%	1.8%	2.2%	$34.8M	467,700	−0.06%	$74.44	$97.73	−23.8%	−$10.9M
22	American Woodmark CorporationCOM · shares +28% · price −20.0%	1.5%	1.3%	$28.5M	435,500	+28%	$65.37	$81.69	−20.0%	−$5.5M
23	Kirkland'S Inc.COM · shares +18% · price −16.0%	1.4%	1.3%	$27.2M	1.4M	+18%	$19.21	$22.88	−16.0%	−$4.4M
24	Citi Trends, Inc.COM · shares +6.7% · price −16.1%	1.4%	1.4%	$26.9M	369,100	+6.7%	$72.96	$87.00	−16.1%	−$4.9M
25	CerenceCOM · shares 0% · price −9.9%	1.3%	1.4%	$26.0M	270,600	0%	$96.11	$106.71	−9.9%	−$2.9M
	Total · 151 positions	100%		$1.94B						−$164.4M

The filing on SEC EDGAR ↗

Price is a stock's reported value over its shares at the quarter end. The estimated gain is the shares held at both quarter ends times the change in that price: shares bought or sold during the quarter add nothing, options are left out, and a stock split is read into the earlier share count and price.

What made money

From Q2 2021 to Q3 2021: 145 stocks held throughout, down $164.4M (−8.0%).

MaxLinear+$6.1M+16%
Fabrinet+$4.2M+7%
Builders Firstsource Inc+$2.6M+21%
Calix Inc+$2.2M+4%
Rexnord Corp New+$1.5M+28%
Nn, Inc.−$9.0M−29%
Coherent−$10.6M−18%
Enersys−$10.9M−24%
Ribbon Communications Inc−$13.7M−21%
Ultra Clean Holdings Inc−$13.9M−21%

Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out.

Reported value by quarter

The total value of each quarter's 13F at that quarter end. It moves with prices as well as with buying and selling. Pick a quarter to see what the fund held then.

$4.00B$2.00B$0

Q1 201642 quartersQ2 2026

Every quarter's filing

Each quarter's 13F filing, newest first
Quarter	Filed	Reported value	Positions	Filing
Q2 2026	Aug 13, 2026	$3.67B+41%	115	SEC ↗
Q1 2026	May 14, 2026	$2.61B+10%	112	SEC ↗
Q4 2025	Feb 12, 2026	$2.38B+3%	116	SEC ↗
Q3 2025	Nov 14, 2025	$2.31B+12%	126	SEC ↗
Q2 2025	Aug 14, 2025	$2.05B+14%	122	SEC ↗
Q1 2025	May 15, 2025	$1.80B−17%	127	SEC ↗
Q4 2024	Feb 18, 2025	$2.16B−4%	128	SEC ↗
Q3 2024	Nov 14, 2024	$2.25B+3%	129	SEC ↗
Q2 2024	Aug 14, 2024	$2.19B+5%	129	SEC ↗
Q1 2024	May 15, 2024	$2.09B+9%	131	SEC ↗
Q4 2023	Feb 13, 2024	$1.92B+10%	131	SEC ↗
Q3 2023	Nov 13, 2023	$1.74B−0%	138	SEC ↗
Q2 2023	Aug 14, 2023	$1.75B+16%	139	SEC ↗
Q1 2023	May 12, 2023	$1.51B−0%	141	SEC ↗
Q4 2022	Feb 3, 2023	$1.51B+9%	144	SEC ↗
Q3 2022	Oct 26, 2022	$1.39B−6%	145	SEC ↗
Q2 2022	Aug 2, 2022	$1.47B−20%	148	SEC ↗
Q1 2022	May 25, 2022	$1.85B−17%	153	SEC ↗
Q4 2021	Feb 9, 2022	$2.24B+15%	156	SEC ↗
Q3 2021	Nov 8, 2021	$1.94B−7%	151	SEC ↗
Q2 2021	Aug 5, 2021	$2.08B+8%	152	SEC ↗
Q1 2021	May 5, 2021	$1.93B+15%	149	SEC ↗
Q4 2020	Jan 20, 2021	$1.67B+41%	149	SEC ↗
Q3 2020	Oct 20, 2020	$1.19B+9%	149	SEC ↗
Q2 2020	Aug 3, 2020	$1.09B+32%	147	SEC ↗
Q1 2020	May 12, 2020	$827.9M−36%	153	SEC ↗
Q4 2019	Feb 5, 2020	$1.30B+16%	150	SEC ↗
Q3 2019	Nov 7, 2019	$1.12B+2%	156	SEC ↗
Q2 2019	Aug 8, 2019	$1.10B−4%	161	SEC ↗
Q1 2019	May 10, 2019	$1.14B+12%	162	SEC ↗
Q4 2018	Feb 8, 2019	$1.02B−20%	158	SEC ↗
Q3 2018	Nov 14, 2018	$1.27B+3%	170	SEC ↗
Q2 2018	Aug 8, 2018	$1.24B+5%	163	SEC ↗
Q1 2018	Apr 9, 2018	$1.18B+1%	155	SEC ↗
Q4 2017	Feb 7, 2018	$1.17B+2%	156	SEC ↗
Q3 2017	Nov 6, 2017	$1.15B+4%	163	SEC ↗
Q2 2017	Aug 10, 2017	$1.11B+5%	162	SEC ↗
Q1 2017	May 9, 2017	$1.06B+3%	168	SEC ↗
Q4 2016	Feb 13, 2017	$1.03B+8%	168	SEC ↗
Q3 2016	Nov 10, 2016	$953.0M+16%	174	SEC ↗
Q2 2016	Aug 9, 2016	$820.6M−4%	174	SEC ↗
Q1 2016	May 12, 2016	$858.8M	180	SEC ↗