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      <registrantType>IM</registrantType>
      <liveTestFlag>LIVE</liveTestFlag>
      <filer>
        <issuerCredentials>
          <cik>0001388437</cik>
          <ccc>XXXXXXXX</ccc>
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      <flags>
        <overrideInternetFlag>false</overrideInternetFlag>
        <confirmingCopyFlag>false</confirmingCopyFlag>
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      <periodOfReport>06/30/2026</periodOfReport>
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      <yearOrQuarter>YEAR</yearOrQuarter>
      <reportCalendarYear>2026</reportCalendarYear>
      <reportingPerson>
        <name>Paragon Capital Management LLC</name>
        <phoneNumber>9134512254</phoneNumber>
        <address>
          <com:street1>9200 Indian Creek Pkwy, Suite 600</com:street1>
          <com:city>Overland Park</com:city>
          <com:stateOrCountry>KS</com:stateOrCountry>
          <com:zipCode>66210</com:zipCode>
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      <reportInfo>
        <reportType>INSTITUTIONAL MANAGER VOTING REPORT</reportType>
        <confidentialTreatment>N</confidentialTreatment>
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      <explanatoryInformation>
        <explanatoryChoice>N</explanatoryChoice>
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    <signaturePage>
      <reportingPerson>Paragon Capital Management LLC</reportingPerson>
      <txSignature>Craig Novorr</txSignature>
      <txPrintedSignature>Craig Novorr</txPrintedSignature>
      <txTitle>President &amp; CIO</txTitle>
      <txAsOfDate>07/30/2026</txAsOfDate>
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