# Pavion Blue Capital, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1792565. Source: https://holderbook.com/funds/1792565-pavion-blue-capital-llc/

- Reported value: $248.4M
- Positions: 111
- Weight of the ten largest: 43.8%
- Filed: 2026-08-07

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $20.7M | 55,117 | 8.3% | 27 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $16.5M | 46,666 | 6.6% | 27 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $11.6M | 102,214 | 4.7% | 27 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $10.5M | 184,029 | 4.2% | 27 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $9.6M | 28,239 | 3.8% | 27 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $9.4M | 18,686 | 3.8% | 27 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $9.1M | 9,147 | 3.7% | 27 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $7.6M | 23,056 | 3.1% | 27 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $7.1M | 27,864 | 2.8% | 27 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $7.0M | 18,624 | 2.8% | 20 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $6.2M | 26,064 | 2.5% | 27 |
| YUM BRANDS INC | [YUM](https://holderbook.com/stocks/YUM/) | $5.8M | 36,407 | 2.3% | 27 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $5.7M | 40,249 | 2.3% | 27 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $5.6M | 41,249 | 2.2% | 27 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $5.5M | 4,645 | 2.2% | 9 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $5.4M | 55,294 | 2.2% | 27 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $5.1M | 87,736 | 2.0% | 27 |
| AMERICAN INTL GROUP INC | [AIG](https://holderbook.com/stocks/AIG/) | $4.9M | 65,790 | 2.0% | 27 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $4.8M | 31,664 | 1.9% | 27 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $4.3M | 12,047 | 1.7% | 27 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $4.3M | 52,841 | 1.7% | 27 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $4.1M | 48,707 | 1.6% | 27 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $3.8M | 5,051 | 1.5% | 26 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $3.5M | 11,191 | 1.4% | 27 |
| MARKEL GROUP INC | [MKL](https://holderbook.com/stocks/MKL/) | $3.2M | 1,650 | 1.3% | 16 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $3.1M | 15,580 | 1.3% | 18 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $2.7M | 8,593 | 1.1% | 26 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $2.4M | 8,649 | 1.0% | 27 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $2.4M | 6,961 | 1.0% | 26 |
| UNILEVER PLC | [UL](https://holderbook.com/stocks/UL/) | $2.4M | 39,095 | 0.9% | 3 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $2.3M | 8,426 | 0.9% | 27 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $2.3M | 13,108 | 0.9% | 27 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $2.2M | 20,198 | 0.9% | 27 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $2.2M | 1,805 | 0.9% | 27 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $1.9M | 6,958 | 0.8% | 27 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $1.8M | 5,178 | 0.7% | 27 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $1.8M | 17,483 | 0.7% | 27 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $1.7M | 15,906 | 0.7% | 27 |
| PHILLIPS 66 | [PSX](https://holderbook.com/stocks/PSX/) | $1.5M | 8,927 | 0.6% | 27 |
| DIAGEO PLC | [DEO](https://holderbook.com/stocks/DEO/) | $1.4M | 17,739 | 0.6% | 26 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $1.2M | 1,771 | 0.5% | 17 |
| SCOTTS MIRACLE-GRO CO | [SMG](https://holderbook.com/stocks/SMG/) | $1.2M | 17,684 | 0.5% | 27 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $1.2M | 7,084 | 0.5% | 26 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $1.2M | 2,846 | 0.5% | 27 |
| PUBLIC STORAGE | [PSA](https://holderbook.com/stocks/PSA/) | $1.1M | 3,551 | 0.5% | 16 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $1.0M | 4,879 | 0.4% | 25 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $1.0M | 9,692 | 0.4% | 27 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $1.0M | 1,037 | 0.4% | 24 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $1.0M | 4,513 | 0.4% | 27 |
| NORTHROP GRUMMAN CORP | [NOC](https://holderbook.com/stocks/NOC/) | $987.0K | 1,938 | 0.4% | 24 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $906.6K | 2,461 | 0.4% | 13 |
| PPG INDS INC | [PPG](https://holderbook.com/stocks/PPG/) | $897.5K | 7,400 | 0.4% | 26 |
| WD 40 CO | [WDFC](https://holderbook.com/stocks/WDFC/) | $852.7K | 3,500 | 0.3% | 26 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $851.6K | 3,934 | 0.3% | 19 |
| T-MOBILE US INC | [TMUS](https://holderbook.com/stocks/TMUS/) | $838.6K | 5,000 | 0.3% | 5 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $818.7K | 14,208 | 0.3% | 26 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $748.9K | 1 | 0.3% | 27 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $667.8K | 16,269 | 0.3% | 8 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $655.7K | 12,346 | 0.3% | 27 |
| STERLING INFRASTRUCTURE INC | [STRL](https://holderbook.com/stocks/STRL/) | $633.7K | 755 | 0.3% | 4 |
| TARGET CORP | [TGT](https://holderbook.com/stocks/TGT/) | $599.9K | 4,593 | 0.2% | 27 |
| TRAVELERS COMPANIES INC | [TRV](https://holderbook.com/stocks/TRV/) | $569.1K | 1,724 | 0.2% | 23 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $521.3K | 708 | 0.2% | 24 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $495.8K | 4,221 | 0.2% | 15 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $491.8K | 873 | 0.2% | 13 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $476.4K | 10,023 | 0.2% | 25 |
| KRAFT HEINZ CO | [KHC](https://holderbook.com/stocks/KHC/) | $467.3K | 19,784 | 0.2% | 27 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $439.5K | 1,397 | 0.2% | 26 |
| TERADYNE INC | [TER](https://holderbook.com/stocks/TER/) | $435.5K | 900 | 0.2% | 2 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $429.2K | 403 | 0.2% | 3 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $410.9K | 2,936 | 0.2% | 7 |
| YUM CHINA HLDGS INC | [YUMC](https://holderbook.com/stocks/YUMC/) | $394.1K | 9,643 | 0.2% | 27 |
| ROCKWELL AUTOMATION INC | [ROK](https://holderbook.com/stocks/ROK/) | $371.3K | 500 | 0.1% | 1 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $368.3K | 4,196 | 0.1% | 26 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $363.7K | 983 | 0.1% | 14 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $360.6K | 4,306 | 0.1% | 15 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $357.0K | 512 | 0.1% | 11 |
| CARRIER GLOBAL CORPORATION | [CARR](https://holderbook.com/stocks/CARR/) | $346.1K | 4,219 | 0.1% | 14 |
| FERRARI N V | [RACE](https://holderbook.com/stocks/RACE/) | $343.6K | 923 | 0.1% | 1 |
| CIENA CORP | [CIEN](https://holderbook.com/stocks/CIEN/) | $343.4K | 700 | 0.1% | 2 |
| HERSHEY CO | [HSY](https://holderbook.com/stocks/HSY/) | $342.5K | 1,952 | 0.1% | 24 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $314.4K | 5,000 | 0.1% | 3 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $303.4K | 1,642 | 0.1% | 4 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $296.3K | 2,345 | 0.1% | 7 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $296.2K | 467 | 0.1% | 5 |
| KIMBERLY-CLARK CORP | [KMB](https://holderbook.com/stocks/KMB/) | $293.0K | 2,169 | 0.1% | 3 |
| LIBERTY GLOBAL LTD | [LBTYK](https://holderbook.com/stocks/LBTYK/) | $292.7K | 26,607 | 0.1% | 11 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $291.0K | 7,916 | 0.1% | 18 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $284.6K | 3,995 | 0.1% | 6 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $280.0K | 2,179 | 0.1% | 3 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $278.2K | 3,871 | 0.1% | 26 |
| L3HARRIS TECHNOLOGIES INC | [LHX](https://holderbook.com/stocks/LHX/) | $261.5K | 600 | 0.1% | 2 |
| VALERO ENERGY CORP | [VLO](https://holderbook.com/stocks/VLO/) | $260.4K | 1,000 | 0.1% | 2 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $259.9K | 2,715 | 0.1% | 9 |
| TE CONNECTIVITY PLC | [TEL](https://holderbook.com/stocks/TEL/) | $256.6K | 1,273 | 0.1% | 8 |
| INTERACTIVE BROKERS GROUP IN | [IBKR](https://holderbook.com/stocks/IBKR/) | $252.1K | 2,896 | 0.1% | 1 |
| OCCIDENTAL PETE CORP | [OXY](https://holderbook.com/stocks/OXY/) | $238.3K | 4,467 | 0.1% | 2 |
| GE HEALTHCARE TECHNOLOGIES I | [GEHC](https://holderbook.com/stocks/GEHC/) | $237.9K | 3,717 | 0.1% | 14 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $235.5K | 691 | 0.1% | 3 |
| SYSCO CORP | [SYY](https://holderbook.com/stocks/SYY/) | $224.6K | 2,687 | 0.1% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +7.2% | +14.8% | -7.7% | 100% |
| Q1 2026 | -3.8% | -4.6% | +0.9% | 100% |
| Q4 2025 | +3.2% | +2.4% | +0.8% | 100% |
| Q3 2025 | +4.6% | +7.8% | -3.2% | 100% |
| Q2 2025 | +7.2% | +10.5% | -3.2% | 100% |
| Q1 2025 | -0.7% | -4.6% | +3.8% | 100% |
| Q4 2024 | -0.4% | +2.1% | -2.5% | 100% |
| Q3 2024 | +5.5% | +5.4% | +0.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $248.4M | 111 |
| Q1 2026 | $230.2M | 108 |
| Q4 2025 | $240.8M | 107 |
| Q3 2025 | $234.6M | 101 |
| Q2 2025 | $225.2M | 102 |
| Q1 2025 | $209.8M | 102 |
| Q4 2024 | $213.0M | 99 |
| Q3 2024 | $214.6M | 102 |
| Q2 2024 | $203.1M | 101 |
| Q1 2024 | $202.2M | 101 |
| Q4 2023 | $181.4M | 96 |
| Q3 2023 | $164.5M | 93 |