13F filer · CIK 1037792 ↗
Paradigm Capital Management Inc
You are looking at Q4 2025. See the latest, Q2 2026 →
Reported value
$2.38B
+3.0% on the quarter before
Positions
116
3 new · 13 sold out
Top 10
58.9%
of the value
Est. gain
+$91.2M
on stocks held all quarter
Est. return
+4.2%
on those stocks since Q3 2025
Positions as of Dec 31, 2025, 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
Each tile is a position, sized by its share, colored by what the fund did with it since Q3 2025. Striped tiles are options.
Largest buys
Since Q3 2025, 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.
- Insight Enterprises~$17.4MAdded · 2.9% → 2.8%+214,064 shares
- Dentsply Sirona, Inc.~$16.6MAdded · 0.5% → 1.2%+1,456,249 shares
- MaxLinear~$12.8MAdded · 0.1% → 0.6%+734,875 shares
- Helen Of Troy Limited~$12.0MNew · 0.0% → 0.5%+564,200 shares
- Adtran Inc~$8.3MAdded · 0.1% → 0.4%+949,909 shares
- Trubridge, Inc.~$4.8MAdded · 0.1% → 0.3%+216,144 shares
- Penguin Solutions Inc~$4.1MAdded · 0.8% → 0.8%+207,349 shares
- Bath & Body Works, Inc.~$4.0MNew · 0.0% → 0.2%+200,000 shares
- Caleres Inc~$3.1MAdded · 0.4% → 0.5%+256,155 shares
- Cohu Inc.~$2.3MAdded · 0.7% → 0.9%+99,998 shares
Largest sells
Since Q3 2025, 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.
- Tactile Systems Technology~$23.3MCut · 0.9% → 0.9%−801,801 shares
- Concentrix Corp~$22.1MCut · 1.2% → 0.2%−530,500 shares
- FormFactor~$8.4MCut · 0.3% → 0.1%−150,000 shares
- Pacs Group, Inc.~$7.3MSold out · 0.3% → 0.0%−532,200 shares
- Xerox Corp~$6.2MCut · 0.6% → 0.1%−2,611,200 shares
- Enviri Corp~$4.5MCut · 2.1% → 2.7%−248,602 shares
- Enovis Corporation~$4.3MCut · 1.6% → 1.2%−161,078 shares
- Nn, Inc.~$3.4MCut · 0.3% → 0.0%−2,658,262 shares
- Integer Holdings~$3.3MSold out · 0.1% → 0.0%−32,200 shares
- Best Buy Co~$3.2MSold out · 0.1% → 0.0%−41,900 shares
Holdings
As of Dec 31, 2025. Changes are in shares against Sep 30, 2025, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| BroadcomCOM · shares 0% · price +4.9% | 11.8% | $280.0M | +$13.1M | ||||||||
| FabrinetCOM · shares 0% · price +24.9% | 10.2% | $241.5M | +$48.1M | ||||||||
| ModineCOM · shares −1.3% · price −6.1% | 8.3% | $197.1M | −$12.8M | ||||||||
| Onto InnovationCOM · shares +1.2% · price +22.2% | 7.5% | $177.7M | +$31.9M | ||||||||
| JabilCOM · shares 0% · price +5.0% | 5.4% | $127.2M | +$6.1M | ||||||||
| Extreme NetworksCOM · shares +0.8% · price −19.4% | 3.5% | $82.8M | −$19.7M | ||||||||
| Globus MedicalCOM · shares −0.1% · price +52.5% | 3.5% | $82.6M | +$28.4M | ||||||||
| Ducommun IncCOM · shares 0% · price −1.0% | 3.1% | $73.3M | −$770,500 | ||||||||
| Veeco InstrumentsCOM · shares +1.7% · price −6.1% | 2.9% | $68.6M | −$4.4M | ||||||||
| EnersysCOM · shares 0% · price +29.9% | 2.9% | $68.4M | +$15.7M | ||||||||
| Insight EnterprisesCOM · shares +36% · price −28.2% | 2.8% | $66.1M | −$19.1M | ||||||||
| Enviri CorpCOM · shares −6.6% · price +41.2% | 2.7% | $63.5M | +$18.5M | ||||||||
| Ensign Group, Inc.COM · shares −0.00% · price +0.8% | 2.5% | $59.9M | +$492,062 | ||||||||
| Orthofix Medical Inc.COM · shares −1.2% · price +3.6% | 2.1% | $50.1M | +$1.7M | ||||||||
| EntegrisCOM · shares +1.2% · price −8.9% | 1.9% | $45.0M | −$4.3M | ||||||||
| Pennant Group Inc.COM · shares −0.8% · price +11.6% | 1.7% | $39.8M | +$4.1M | ||||||||
| Calix IncCOM · shares 0% · price −13.8% | 1.5% | $35.6M | −$5.7M | ||||||||
| Integra Lifesciences Holdings CorpCOM · shares +5.3% · price −13.3% | 1.4% | $33.1M | −$4.8M | ||||||||
| Enovis CorporationCOM · shares −13% · price −12.2% | 1.2% | $27.8M | −$3.9M | ||||||||
| Dentsply Sirona, Inc.COM · shares +155% · price −9.9% | 1.2% | $27.4M | −$1.2M | ||||||||
| Ribbon Communications IncCOM · shares −4.9% · price −24.2% | 1.0% | $24.0M | −$7.7M | ||||||||
| Quidel CorpCOM · shares −12% · price −3.0% | 1.00% | $23.7M | −$737,713 | ||||||||
| CerenceCOM · shares −0.7% · price −14.2% | 0.91% | $21.7M | −$3.6M | ||||||||
| Tactile Systems TechnologyCOM · shares −52% · price +109.5% | 0.90% | $21.4M | +$11.2M | ||||||||
| Cohu Inc.COM · shares +12% · price +14.5% | 0.90% | $21.3M | +$2.4M | ||||||||
| Total · 116 positions | 100% | $2.38B | +$91.2M |
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 Q3 2025 to Q4 2025: 113 stocks held throughout, up $91.2M (+4.2%).
- Fabrinet+$48.1M+25%
- Onto Innovation+$31.9M+22%
- Globus Medical+$28.4M+52%
- Enviri Corp+$18.5M+41%
- Enersys+$15.7M+30%
- Calix Inc−$5.7M−14%
- Ribbon Communications Inc−$7.7M−24%
- Modine−$12.8M−6%
- Insight Enterprises−$19.1M−28%
- Extreme Networks−$19.7M−19%
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.
Every quarter's filing
| Quarter | Reported value | Filing | |
|---|---|---|---|
| Q2 2026 | Aug 13, 2026 | $3.67B+41% | SEC ↗ |
| Q1 2026 | May 14, 2026 | $2.61B+10% | SEC ↗ |
| Q4 2025 | Feb 12, 2026 | $2.38B+3% | SEC ↗ |
| Q3 2025 | Nov 14, 2025 | $2.31B+12% | SEC ↗ |
| Q2 2025 | Aug 14, 2025 | $2.05B+14% | SEC ↗ |
| Q1 2025 | May 15, 2025 | $1.80B−17% | SEC ↗ |
| Q4 2024 | Feb 18, 2025 | $2.16B−4% | SEC ↗ |
| Q3 2024 | Nov 14, 2024 | $2.25B+3% | SEC ↗ |
| Q2 2024 | Aug 14, 2024 | $2.19B+5% | SEC ↗ |
| Q1 2024 | May 15, 2024 | $2.09B+9% | SEC ↗ |
| Q4 2023 | Feb 13, 2024 | $1.92B+10% | SEC ↗ |
| Q3 2023 | Nov 13, 2023 | $1.74B−0% | SEC ↗ |
| Q2 2023 | Aug 14, 2023 | $1.75B+16% | SEC ↗ |
| Q1 2023 | May 12, 2023 | $1.51B−0% | SEC ↗ |
| Q4 2022 | Feb 3, 2023 | $1.51B+9% | SEC ↗ |
| Q3 2022 | Oct 26, 2022 | $1.39B−6% | SEC ↗ |
| Q2 2022 | Aug 2, 2022 | $1.47B−20% | SEC ↗ |
| Q1 2022 | May 25, 2022 | $1.85B−17% | SEC ↗ |
| Q4 2021 | Feb 9, 2022 | $2.24B+15% | SEC ↗ |
| Q3 2021 | Nov 8, 2021 | $1.94B−7% | SEC ↗ |
| Q2 2021 | Aug 5, 2021 | $2.08B+8% | SEC ↗ |
| Q1 2021 | May 5, 2021 | $1.93B+15% | SEC ↗ |
| Q4 2020 | Jan 20, 2021 | $1.67B+41% | SEC ↗ |
| Q3 2020 | Oct 20, 2020 | $1.19B+9% | SEC ↗ |
| Q2 2020 | Aug 3, 2020 | $1.09B+32% | SEC ↗ |
| Q1 2020 | May 12, 2020 | $827.9M−36% | SEC ↗ |
| Q4 2019 | Feb 5, 2020 | $1.30B+16% | SEC ↗ |
| Q3 2019 | Nov 7, 2019 | $1.12B+2% | SEC ↗ |
| Q2 2019 | Aug 8, 2019 | $1.10B−4% | SEC ↗ |
| Q1 2019 | May 10, 2019 | $1.14B+12% | SEC ↗ |
| Q4 2018 | Feb 8, 2019 | $1.02B−20% | SEC ↗ |
| Q3 2018 | Nov 14, 2018 | $1.27B+3% | SEC ↗ |
| Q2 2018 | Aug 8, 2018 | $1.24B+5% | SEC ↗ |
| Q1 2018 | Apr 9, 2018 | $1.18B+1% | SEC ↗ |
| Q4 2017 | Feb 7, 2018 | $1.17B+2% | SEC ↗ |
| Q3 2017 | Nov 6, 2017 | $1.15B+4% | SEC ↗ |
| Q2 2017 | Aug 10, 2017 | $1.11B+5% | SEC ↗ |
| Q1 2017 | May 9, 2017 | $1.06B+3% | SEC ↗ |
| Q4 2016 | Feb 13, 2017 | $1.03B+8% | SEC ↗ |
| Q3 2016 | Nov 10, 2016 | $953.0M+16% | SEC ↗ |
| Q2 2016 | Aug 9, 2016 | $820.6M−4% | SEC ↗ |
| Q1 2016 | May 12, 2016 | $858.8M | SEC ↗ |