PARADIGM CAPITAL MANAGEMENT INC/NY
"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.
13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.
We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 31 quarters, returned +0.3% per quarter — versus +2.5% per quarter from simply owning every 13F stock. It beat that baseline in only 41.9% of quarters (excess t = -0.58, not statistically significant). Its filings tell you what it bought — not what you should buy.
Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)
Top 20 holdings of 112 · 2026 Q1
| Ticker | Value | Weight | QoQ |
|---|---|---|---|
| MOD | $315M | | HOLD |
| FN | $277M | | HOLD |
| AVGO | $250M | | HOLD |
| ONTO | $226M | | TRIM |
| JBL | $146M | | HOLD |
| DCO | $94M | | HOLD |
| EXTR | $79M | | ADD |
| ENS | $77M | | TRIM |
| VECO | $74M | | TRIM |
| GMED | $71M | | TRIM |
| ENSG | $69M | | HOLD |
| NSIT | $64M | | ADD |
| ENTG | $61M | | HOLD |
| NVRI | $44M | | TRIM |
| PNTG | $43M | | HOLD |
| ENOV | $40M | | ADD |
| OFIX | $38M | | HOLD |
| UCTT | $38M | | HOLD |
| IART | $38M | | ADD |
| CALX | $38M | | ADD |
QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.
New positions in 2026 Q1
None.
Method & Limitations
Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.