What smart money is saying about Paragon
PAG.L
No fund has written a full thesis on Paragon in our archive, but 3 fund letters report a position in it — most recently Royal London AM Fixed Income Funds in July 2026.
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3
Reported positions
2
Bought
0
Sold
3
Letters
Position history
Between Q4 2025 and Q3 2026, 3 fund letters reported a position in Paragon — 2 opened or added to the position.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 1 | 1 | 0 | 0 |
| Q1 2026 | 1 | 1 | 0 | 0 |
| Q4 2025 | 1 | 0 | 0 | 0 |
Fund activity · 3 positions · 2 moves
- July 2026
“Despite a slowdown in primary markets in July, following typical seasonal effects, the fund remained active. Of interest, the fund took part in a new senior secured issue from automobile services provider the AA, with the issuer also redeeming its shorter dated bonds at a premium to market pricing. In the secondary market, we added to existing holdings in ICSL, backed by UK student loans. Within financials, we added a new issue euro senior bond from US investment bank Jeffries Group, while also adding subordinated bonds from UK mortgage bank Paragon.”
Paragon - New positionWS Amati UK Listed Smaller Companies FundMarch 2026
“We added two new holdings during the quarter: Paragon Banking Group and Wilmington.”
Paragon - December 2025
“Performance commentary The fund lagged the benchmark in the fourth quarter, but outperformed the peer group average, placing in the second quartile. Positive contributors to performance included Standard Chartered which performed strongly amid the ongoing recovery in Asian markets. UK housebuilder Persimmon and retailer Next both also outperformed, following better-than- expected results. Detractors to performance included 3i Group which came under pressure after a trading update showed a slowdown in France for its main business – Action – a European discount retailer. Specialist UK lender, Paragon, also struggled to keep up with its larger UK bank peers, in what was a challenging quarter for the UK economy given the budget uncertainty.”
Paragon
Read the letters behind these Paragon positions
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