INTERNATIONAL BUSINESS MACHS

Ticker: IBM CUSIP: 459200101 Class: COM

Paragon Capital Management LLC's Holding History (CIK: 0001388437)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 15,148 Value ($000) $4,487 Avg Close $298.78 Range $262.11 - $324.90

Q3 2025

Shares 16,929 Value ($000) $4,777 Avg Close $259.55 Range $232.08 - $292.01

Q2 2025

Shares 17,056 Value ($000) $5,028 Avg Close $253.82 Range $210.49 - $292.56

Q1 2025

Shares 17,398 Value ($000) $4,326 Avg Close $239.40 Range $209.20 - $261.47

Q4 2024

Shares 18,125 Value ($000) $3,984 Avg Close $216.31 Range $196.83 - $233.32

Q3 2024

Shares 18,353 Value ($000) $4,058 Avg Close $188.97 Range $166.24 - $216.80

Q2 2024

Shares 18,692 Value ($000) $3,233 Avg Close $165.85 Range $154.39 - $183.50

Q1 2024

Shares 18,865 Value ($000) $3,603 Avg Close $172.56 Range $148.54 - $189.10

Q4 2023

Shares 19,001 Value ($000) $3,108 Avg Close $141.50 Range $126.39 - $156.49

Q3 2023

Shares 19,574 Value ($000) $2,746 Avg Close $131.75 Range $120.98 - $141.33

Q2 2023

Shares 19,768 Value ($000) $2,645 Avg Close $118.05 Range $110.47 - $128.27

Q1 2023

Shares 19,877 Value ($000) $2,606 Avg Close $120.73 Range $110.43 - $131.92

Q4 2022

Shares 20,181 Value ($000) $2,843 Avg Close $123.05 Range $102.35 - $137.32

Q3 2022

Shares 20,409 Value ($000) $2,425 Avg Close $115.64 Range $105.06 - $124.09

Q2 2022

Shares 20,693 Value ($000) $2,922 Avg Close $117.50 Range $107.95 - $126.60

Q1 2022

Shares 21,129 Value ($000) $2,747 Avg Close $112.10 Range $102.68 - $121.43

Q4 2021

Shares 21,162 Value ($000) $2,829 Avg Close $106.49 Range $97.83 - $117.62

Q3 2021

Shares 21,710 Value ($000) $3,016 Avg Close $112.12 Range $106.97 - $117.48

Q2 2021

Shares 22,690 Value ($000) $3,326 Avg Close $113.44 Range $102.70 - $121.73

Q1 2021

Shares 23,352 Value ($000) $3,326 Avg Close $98.07 Range $91.22 - $107.97

Q4 2020

Shares 24,231 Value ($000) $3,050 Avg Close $93.41 Range $81.15 - $103.82

Q3 2020

Shares 32,660 Value ($000) $3,974 Avg Close $93.86 Range $87.12 - $99.96

Q2 2020

Shares 32,932 Value ($000) $3,977 Avg Close $91.40 Range $78.00 - $102.76

Q1 2020

Shares 32,879 Value ($000) $3,647 Avg Close $98.28 Range $67.58 - $117.24

Q4 2019

Shares 35,002 Value ($000) $4,692 Avg Close $99.90 Range $95.55 - $107.55

Q3 2019

Shares 37,022 Value ($000) $5,384 Avg Close $102.47 Range $94.04 - $110.34

Q2 2019

Shares 44,989 Value ($000) $6,204 Avg Close $98.62 Range $91.51 - $103.66

Q1 2019

Shares 44,151 Value ($000) $6,230 Avg Close $94.64 Range $78.71 - $101.33

Q4 2018

Shares 43,395 Value ($000) $4,932 Avg Close $87.95 Range $74.66 - $107.42

Q3 2018

Shares 54,290 Value ($000) $8,209,000 Avg Close $101.25 Range $95.14 - $106.71

Q2 2018

Shares 252,624 Value ($000) $12,558 Avg Close $99.95 Range $94.63 - $110.30

Q1 2018

Shares 68,892 Value ($000) $1,057 Avg Close $107.30 Range $98.32 - $115.38

Q4 2017

Shares 70,531 Value ($000) $10,820 Avg Close $102.11 Range $96.94 - $108.49

Q3 2017

Shares 75,290 Value ($000) $10,923 Avg Close $96.87 Range $92.88 - $103.07

Q2 2017

Shares 78,860 Value ($000) $12,131 Avg Close $103.77 Range $98.95 - $115.36

Q1 2017

Shares 74,235 Value ($000) $12,927 Avg Close $114.39 Range $107.32 - $119.58

Q4 2016

Shares 73,851 Value ($000) $12,258 Avg Close $103.05 Range $95.06 - $110.31

Q3 2016

Shares 74,535 Value ($000) $11,839 Avg Close $101.76 Range $95.61 - $106.13

Q2 2016

Shares 75,266 Value ($000) $11,424 Avg Close $95.13 Range $90.08 - $99.15

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	15,148	$4,487	$298.78	$262.11 - $324.90
Q3 2025	16,929	$4,777	$259.55	$232.08 - $292.01
Q2 2025	17,056	$5,028	$253.82	$210.49 - $292.56
Q1 2025	17,398	$4,326	$239.40	$209.20 - $261.47
Q4 2024	18,125	$3,984	$216.31	$196.83 - $233.32
Q3 2024	18,353	$4,058	$188.97	$166.24 - $216.80
Q2 2024	18,692	$3,233	$165.85	$154.39 - $183.50
Q1 2024	18,865	$3,603	$172.56	$148.54 - $189.10
Q4 2023	19,001	$3,108	$141.50	$126.39 - $156.49
Q3 2023	19,574	$2,746	$131.75	$120.98 - $141.33
Q2 2023	19,768	$2,645	$118.05	$110.47 - $128.27
Q1 2023	19,877	$2,606	$120.73	$110.43 - $131.92
Q4 2022	20,181	$2,843	$123.05	$102.35 - $137.32
Q3 2022	20,409	$2,425	$115.64	$105.06 - $124.09
Q2 2022	20,693	$2,922	$117.50	$107.95 - $126.60
Q1 2022	21,129	$2,747	$112.10	$102.68 - $121.43
Q4 2021	21,162	$2,829	$106.49	$97.83 - $117.62
Q3 2021	21,710	$3,016	$112.12	$106.97 - $117.48
Q2 2021	22,690	$3,326	$113.44	$102.70 - $121.73
Q1 2021	23,352	$3,326	$98.07	$91.22 - $107.97
Q4 2020	24,231	$3,050	$93.41	$81.15 - $103.82
Q3 2020	32,660	$3,974	$93.86	$87.12 - $99.96
Q2 2020	32,932	$3,977	$91.40	$78.00 - $102.76
Q1 2020	32,879	$3,647	$98.28	$67.58 - $117.24
Q4 2019	35,002	$4,692	$99.90	$95.55 - $107.55
Q3 2019	37,022	$5,384	$102.47	$94.04 - $110.34
Q2 2019	44,989	$6,204	$98.62	$91.51 - $103.66
Q1 2019	44,151	$6,230	$94.64	$78.71 - $101.33
Q4 2018	43,395	$4,932	$87.95	$74.66 - $107.42
Q3 2018	54,290	$8,209,000	$101.25	$95.14 - $106.71
Q2 2018	252,624	$12,558	$99.95	$94.63 - $110.30
Q1 2018	68,892	$1,057	$107.30	$98.32 - $115.38
Q4 2017	70,531	$10,820	$102.11	$96.94 - $108.49
Q3 2017	75,290	$10,923	$96.87	$92.88 - $103.07
Q2 2017	78,860	$12,131	$103.77	$98.95 - $115.36
Q1 2017	74,235	$12,927	$114.39	$107.32 - $119.58
Q4 2016	73,851	$12,258	$103.05	$95.06 - $110.31
Q3 2016	74,535	$11,839	$101.76	$95.61 - $106.13
Q2 2016	75,266	$11,424	$95.13	$90.08 - $99.15