Pavion Blue Capital, LLC
Reported holdings as of Q2 2026, from 27 quarterly filings.
This filer last reported in Q2 2026; the most recent quarter on file across all filers is Q3 2026. Firms that restructure stop filing under one CIK and start under another, so a successor entity may hold these positions now under a similar name.
Holdings
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| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| MICROSOFT CORP | MSFT | $20.7M | 55,117 | -0.66pp | 27q | -1.3%-$275.3K | |
| ALPHABET INC | GOOG | $16.5M | 46,666 | +0.90pp | 27q | +1.3%+$216.2K | |
| WALMART INC | WMT | $11.6M | 102,214 | -0.89pp | 27q | -0.6%-$64.3K | |
| BANK OF AMER CORP | BAC | $10.5M | 184,029 | +0.28pp | 27q | -1.1%-$113.1K | |
| AMERICAN EXPRESS CO | AXP | $9.6M | 28,239 | +0.11pp | 27q | -0.8%-$72.4K | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $9.4M | 18,686 | -0.16pp | 27q | -1.0%-$93.6K | |
| COSTCO WHOLESALE CORPORATION | COST | $9.1M | 9,147 | -0.30pp | 27q | HELD | |
| JPMORGAN CHASE & CO | JPM | $7.6M | 23,056 | +0.13pp | 27q | HELD | |
| JOHNSON & JOHNSON | JNJ | $7.1M | 27,864 | -0.11pp | 27q | HELD | |
| GE AEROSPACE | GE | $7.0M | 18,624 | +0.50pp | 20q | HELD | |
| AMAZON COM INC | AMZN | $6.2M | 26,064 | +0.16pp | 27q | +0.6%+$39.8K | |
| YUM BRANDS INC | YUM | $5.8M | 36,407 | -0.14pp | 27q | -0.8%-$49.2K | |
| INTEL CORP | INTC | $5.7M | 40,249 | +1.51pp | 27q | -3.4%-$199.4K | |
| PEPSICO INC | PEP | $5.6M | 41,249 | -0.54pp | 27q | HELD | |
| GE VERNOVA INC | GEV | $5.5M | 4,645 | +0.42pp | 9q | -0.8%-$42.3K | |
| DISNEY WALT CO | DIS | $5.4M | 55,294 | -0.15pp | 27q | -0.8%-$41.1K | |
| MONDELEZ INTL INC | MDLZ | $5.1M | 87,736 | -0.16pp | 27q | HELD | |
| AMERICAN INTL GROUP INC | AIG | $4.9M | 65,790 | -0.20pp | 27q | -1.1%-$55.9K | |
| PROCTER & GAMBLE CO | PG | $4.8M | 31,664 | -0.06pp | 27q | HELD | |
| ALPHABET INC | GOOGL | $4.3M | 12,047 | +0.37pp | 27q | +10.0%+$392.7K | |
| COCA COLA CO | KO | $4.3M | 52,841 | -0.02pp | 27q | HELD | |
| WELLS FARGO & CO | WFC | $4.1M | 48,707 | -0.05pp | 27q | HELD | |
| STATE STR SPDR S&P 500 ETF T | SPY | $3.8M | 5,051 | +0.09pp | 26q | HELD | |
| APPLE INC | AAPL | $3.5M | 11,191 | +0.27pp | 27q | +9.9%+$311.3K | |
| MARKEL GROUP INC | MKL | $3.2M | 1,650 | -0.05pp | 16q | +2.2%+$68.4K | |
| NVIDIA CORPORATION | NVDA | $3.1M | 15,580 | -0.08pp | 18q | -11.4%-$400.2K | |
| FEDEX CORP | FDX | $2.7M | 8,593 | -0.25pp | 26q | -0.5%-$14.1K | |
| INTERNATIONAL BUSINESS MACHS | IBM | $2.4M | 8,649 | +0.07pp | 27q | HELD | |
| VISA INC | V | $2.4M | 6,961 | +0.04pp | 26q | -0.6%-$13.4K | |
| UNILEVER PLC | UL | $2.4M | 39,095 | -0.04pp | 3q | -1.4%-$33.6K | |
| ABBVIE INC | ABBV | $2.3M | 8,426 | +0.15pp | 27q | HELD | |
| CHEVRON CORPORATION | CVX | $2.3M | 13,108 | -0.24pp | 27q | HELD | |
| UNITED PARCEL SVCS INC | UPS | $2.2M | 20,198 | flat | 27q | -1.2%-$27.0K | |
| ELI LILLY & CO | LLY | $2.2M | 1,805 | +0.15pp | 27q | HELD | |
| MCDONALDS CORP | MCD | $1.9M | 6,958 | -0.18pp | 27q | HELD | |
| HOME DEPOT INC | HD | $1.8M | 5,178 | -0.07pp | 27q | -8.0%-$158.7K | |
| STARBUCKS CORP | SBUX | $1.8M | 17,483 | +0.04pp | 27q | HELD | |
| CONOCOPHILLIPS | COP | $1.7M | 15,906 | -0.28pp | 27q | -3.8%-$64.5K | |
| PHILLIPS 66 | PSX | $1.5M | 8,927 | -0.10pp | 27q | HELD | |
| DIAGEO PLC | DEO | $1.4M | 17,739 | +0.01pp | 26q | +1.1%+$15.1K | |
| VANGUARD INDEX FDS | VOO | $1.2M | 1,771 | +0.03pp | 17q | HELD | |
| SCOTTS MIRACLE-GRO CO | SMG | $1.2M | 17,684 | +0.02pp | 27q | HELD | |
| 3M CO | MMM | $1.2M | 7,084 | +0.03pp | 26q | HELD | |
| AMGEN INC | AMGN | $1.2M | 2,846 | +0.04pp | 27q | HELD | |
| PUBLIC STORAGE | PSA | $1.1M | 3,551 | +0.04pp | 16q | HELD | |
| RTX CORPORATION | RTX | $1.0M | 4,879 | flat | 25q | HELD | |
| ABBOTT LABORATORIES | ABT | $1.0M | 9,692 | -0.02pp | 27q | HELD | |
| PARKER-HANNIFIN CORP | PH | $1.0M | 1,037 | +0.01pp | 24q | HELD | |
| AUTOMATIC DATA PROCESSING IN | ADP | $1.0M | 4,513 | +0.01pp | 27q | HELD | |
| NORTHROP GRUMMAN CORP | NOC | $987.0K | 1,938 | -0.18pp | 24q | HELD | |
| SPDR GOLD TR | GLD | $906.6K | 2,461 | -0.10pp | 13q | HELD | |
| PPG INDS INC | PPG | $897.5K | 7,400 | +0.02pp | 26q | HELD | |
| WD 40 CO | WDFC | $852.7K | 3,500 | +0.03pp | 26q | HELD | |
| BOEING CO | BA | $851.6K | 3,934 | flat | 19q | HELD | |
| T-MOBILE US INC | TMUS | $838.6K | 5,000 | -0.12pp | 5q | HELD | |
| BRISTOL-MYERS SQUIBB CO | BMY | $818.7K | 14,208 | -0.04pp | 26q | HELD | |
| BERKSHIRE HATHAWAY INC DEL | BRKA | $748.9K | 1 | -0.01pp | 27q | HELD | |
| NIKE INC | NKE | $667.8K | 16,269 | -0.08pp | 8q | +7.4%+$45.9K | |
| SELECT SECTOR SPDR TR | XLE | $655.7K | 12,346 | -0.08pp | 27q | -4.2%-$28.9K | |
| STERLING INFRASTRUCTURE INC | STRL | $633.7K | 755 | +0.12pp | 4q | -3.2%-$21.0K | |
| TARGET CORP | TGT | $599.9K | 4,593 | flat | 27q | HELD | |
| TRAVELERS COMPANIES INC | TRV | $569.1K | 1,724 | +0.01pp | 23q | HELD | |
| INVESCO QQQ TR | QQQ | $521.3K | 708 | +0.03pp | 24q | HELD | |
| CISCO SYS INC | CSCO | $495.8K | 4,221 | +0.05pp | 15q | -2.4%-$12.3K | |
| META PLATFORMS INC | META | $491.8K | 873 | -0.02pp | 13q | HELD | |
| CSX CORP | CSX | $476.4K | 10,023 | +0.01pp | 25q | HELD | |
| KRAFT HEINZ CO | KHC | $467.3K | 19,784 | -0.01pp | 27q | HELD | |
| NORFOLK SOUTHN CORP | NSC | $439.5K | 1,397 | flat | 26q | HELD | |
| TERADYNE INC | TER | $435.5K | 900 | +0.06pp | 2q | HELD | |
| CATERPILLAR INC | CAT | $429.2K | 403 | +0.05pp | 3q | HELD | |
| CITIGROUP INC | C | $410.9K | 2,936 | +0.02pp | 7q | HELD | |
| YUM CHINA HLDGS INC | YUMC | $394.1K | 9,643 | -0.05pp | 27q | HELD | |
| ROCKWELL AUTOMATION INC | ROK | $371.3K | 500 | - | new | NEW | |
| NEXTERA ENERGY INC | NEE | $368.3K | 4,196 | -0.02pp | 26q | HELD | |
| VANGUARD INDEX FDS | VTI | $363.7K | 983 | +0.01pp | 14q | HELD | |
| VANGUARD INTL EQUITY INDEX F | VEU | $360.6K | 4,306 | flat | 15q | HELD | |
| THERMO FISHER SCIENTIFIC INC | TMO | $357.0K | 512 | +0.03pp | 11q | HELD | |
| CARRIER GLOBAL CORPORATION | CARR | $346.1K | 4,219 | +0.04pp | 14q | HELD | |
| FERRARI N V | RACE | $343.6K | 923 | - | new | NEW | |
| CIENA CORP | CIEN | $343.4K | 700 | +0.02pp | 2q | HELD | |
| HERSHEY CO | HSY | $342.5K | 1,952 | -0.04pp | 24q | HELD | |
| FREEPORT-MCMORAN INC | FCX | $314.4K | 5,000 | flat | 3q | HELD | |
| QUALCOMM INC | QCOM | $303.4K | 1,642 | +0.03pp | 4q | HELD | |
| GILEAD SCIENCES INC | GILD | $296.3K | 2,345 | -0.02pp | 7q | HELD | |
| DEERE & CO | DE | $296.2K | 467 | flat | 5q | HELD | |
| KIMBERLY-CLARK CORP | KMB | $293.0K | 2,169 | +0.03pp | 3q | HELD | |
| LIBERTY GLOBAL LTD | LBTYK | $292.7K | 26,607 | -0.03pp | 11q | -6.3%-$19.8K | |
| ENTERPRISE PRODS PARTNERS L | EPD | $291.0K | 7,916 | -0.01pp | 18q | HELD | |
| VANGUARD TAX-MANAGED FDS | VEA | $284.6K | 3,995 | flat | 6q | HELD | |
| MERCK & CO INC | MRK | $280.0K | 2,179 | flat | 3q | HELD | |
| ZOETIS INC | ZTS | $278.2K | 3,871 | -0.09pp | 26q | HELD | |
| L3HARRIS TECHNOLOGIES INC | LHX | $261.5K | 600 | +0.02pp | 2q | HELD | |
| VALERO ENERGY CORP | VLO | $260.4K | 1,000 | flat | 2q | HELD | |
| SOUTHERN CO | SO | $259.9K | 2,715 | -0.01pp | 9q | HELD | |
| TE CONNECTIVITY PLC | TEL | $256.6K | 1,273 | -0.01pp | 8q | HELD | |
| INTERACTIVE BROKERS GROUP IN | IBKR | $252.1K | 2,896 | - | new | NEW | |
| OCCIDENTAL PETE CORP | OXY | $238.3K | 4,467 | -0.03pp | 2q | HELD | |
| GE HEALTHCARE TECHNOLOGIES I | GEHC | $237.9K | 3,717 | -0.03pp | 14q | -11.9%-$32.2K | |
| CHUBB LIMITED | CB | $235.5K | 691 | flat | 3q | HELD | |
| SYSCO CORP | SYY | $224.6K | 2,687 | - | new | NEW | |
| ISHARES TR | IYH | $224.5K | 3,350 | flat | 22q | HELD | |
| ADOBE INC | ADBE | $220.6K | 1,076 | -0.02pp | 26q | HELD | |
| HUMANA INC | HUM | $218.5K | 550 | - | new | NEW | |
| CENCORA INC | COR | $218.5K | 772 | -0.02pp | 6q | HELD | |
| PROGRESSIVE CORP | PGR | $218.4K | 1,000 | - | new | NEW | |
| MUELLER INDS INC | MLI | $218.3K | 1,776 | - | new | NEW | |
| ONEOK INC NEW | OKE | $216.9K | 2,495 | -0.01pp | 2q | HELD | |
| WESTERN MIDSTREAM PARTNERS L | WES | $213.5K | 4,880 | flat | 2q | HELD | |
| BECTON DICKINSON & CO | BDX | $211.9K | 1,400 | -0.01pp | 26q | HELD | |
| UNITEDHEALTH GROUP INC | UNH | $211.1K | 508 | - | new | NEW | |
| STATE STR SPDR DOW JONES IND | DIA | $209.0K | 400 | - | new | NEW |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Software & IT Services | $43.2M | 17.4% |
| Retail & Consumer | $39.2M | 15.8% |
| Banks & Lending | $32.2M | 12.9% |
| Semiconductors & Electronics | $21.9M | 8.8% |
| Insurance | $19.7M | 7.9% |
| Food, Drink & Tobacco | $17.2M | 6.9% |
| Biotech & Pharma | $15.5M | 6.2% |
| Chemicals | $10.8M | 4.3% |
| Energy | $6.7M | 2.7% |
| Telecom & Media | $6.5M | 2.6% |
| Computer Hardware | $6.4M | 2.6% |
| Transport & Logistics | $5.8M | 2.3% |
| Other sectors | $20.3M | 8.2% |
| Not classified | $3.1M | 1.3% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| 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% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $248.4M | 111 | 9 | 7 | 22 | 6 | 43.8% | 38 |
| Q1 2026 | $230.2M | 108 | 8 | 9 | 43 | 7 | 44.5% | 36 |
| Q4 2025 | $240.8M | 107 | 10 | 5 | 23 | 4 | 46.6% | 27 |
| Q3 2025 | $234.6M | 101 | 4 | 6 | 22 | 5 | 46.4% | 38 |
| Q2 2025 | $225.2M | 102 | 4 | 14 | 14 | 4 | 46.1% | 32 |
| Q1 2025 | $209.8M | 102 | 6 | 6 | 13 | 3 | 43.4% | 35 |
| Q4 2024 | $213.0M | 99 | 2 | 12 | 23 | 5 | 44.5% | 35 |
| Q3 2024 | $214.6M | 102 | 5 | 10 | 18 | 4 | 43.3% | 23 |
| Q2 2024 | $203.1M | 101 | 3 | 13 | 19 | 3 | 44.1% | 15 |
| Q1 2024 | $202.2M | 101 | 7 | 14 | 23 | 2 | 42.9% | 26 |
| Q4 2023 | $181.4M | 96 | 7 | 8 | 26 | 4 | 42.1% | 25 |
| Q3 2023 | $164.5M | 93 | 1 | 14 | 8 | 5 | 41.5% | 37 |
| Q2 2023 | $171.5M | 97 | 2 | 18 | 24 | 2 | 41.7% | 34 |
| Q1 2023 | $162.3M | 97 | 4 | 9 | 32 | 1 | 40.6% | 33 |
| Q4 2022 | $156.8M | 94 | 6 | 20 | 26 | 0 | 40.8% | 39 |
| Q3 2022 | $139.5M | 88 | 2 | 16 | 7 | 3 | 42.0% | 35 |
| Q2 2022 | $148.2M | 89 | 4 | 22 | 6 | 10 | 41.9% | 33 |
| Q1 2022 | $170.8M | 95 | 10 | 27 | 23 | 7 | 42.6% | 35 |
| Q4 2021 | $172.3M | 92 | 4 | 3 | 40 | 1 | 43.4% | 28 |
| Q3 2021 | $160.9M | 89 | 2 | 13 | 17 | 5 | 43.1% | 47 |
| Q2 2021 | $166.6M | 92 | 5 | 9 | 34 | 0 | 41.6% | 41 |
| Q1 2021 | $151.9M | 87 | 1 | 8 | 25 | 5 | 42.5% | 40 |
| Q4 2020 | $146.1M | 91 | 9 | 8 | 28 | 4 | 42.3% | 35 |
| Q3 2020 | $130.1M | 86 | 9 | 33 | 11 | 3 | 43.2% | 33 |
| Q2 2020 | $114.7M | 80 | 9 | 35 | 7 | 2 | 43.9% | 37 |
| Q1 2020 | $96.4M | 73 | 20 | 36 | 7 | 8 | 45.2% | 41 |
| Q4 2019 | $100.9M | 61 | 0 | 0 | 0 | 0 | 47.2% | 30 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.