Pavion Blue Capital, LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 1, 2025), Pavion Blue Capital, LLC reported 102 stock positions worth $225.2 million. Its top holding was Microsoft (MSFT) at 12.5% of the portfolio, followed by Walmart (WMT, 4.6%) and American Express (AXP, 4.2%). Compared with Q1 2025, it opened 4 new positions, sold out of 4, added to 22 and reduced 31. The biggest buy was Microsoft (MSFT, shares +2%) and the biggest sale Berkshire Hathaway Class B (BRK.B, shares −0%).

Most Recent 13F
Q2 2026
Location
NEWPORT BEACH, CA
CIK
0001792565
Portfolio Value
$225.2M (Q2 2025)
SEC Filing
0001085146-25-004439 ↗ filed Aug 1, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $202.2M Q1 2024 Q2 2024: $203.1M Q2 2024 Q3 2024: $214.6M Q3 2024 Q4 2024: $213.0M Q4 2024 Q1 2025: $209.8M Q1 2025 Q2 2025: $225.2M $225.2M Q2 2025 Q3 2025: $234.6M Q3 2025 Q4 2025: $240.8M Q4 2025 Q1 2026: $230.2M Q1 2026 Q2 2026: $248.4M Q2 2026

Holdings 102 stocks · $225.2M
MSFT Microsoft Corp. 12.54% 56,740 $28.2M Add +1.6%
WMT Walmart Inc. 4.60% 105,963 $10.4M Reduce -0.3%
AXP American Express Co. 4.19% 29,551 $9.4M Reduce -0.6%
COST Costco Wholesale Corp. 4.13% 9,384 $9.3M Reduce -0.3%
BRK.B Berkshire Hathaway Inc. Class B 4.10% 18,995 $9.2M Reduce -0.0%
BAC Bank of America Corp. filed as BANK AMERICA CORP 4.03% 191,642 $9.1M Add +0.0%
GOOG Alphabet Inc. Class C 3.72% 47,235 $8.4M Add +0.3%
DIS The Walt Disney Co. filed as DISNEY WALT CO 3.06% 55,584 $6.9M Reduce -0.1%
JPM JPMorgan Chase & Co. 3.06% 23,746 $6.9M Add +3.6%
MDLZ Mondelez International Inc. Class A 2.71% 90,435 $6.1M Add +0.1%
AIG American International Group 2.61% 68,718 $5.9M Reduce -0.7%
YUM Yum! Brands Inc. 2.47% 37,556 $5.6M Reduce -0.2%
PEP Pepsico Inc. 2.46% 41,889 $5.5M Add +0.3%
AMZN Amazon.com Inc. 2.42% 24,816 $5.4M Reduce -0.2%
PG The Procter & Gamble Co. 2.27% 32,014 $5.1M Reduce -0.5%
GE General Electric filed as GE AEROSPACE 2.23% 19,468 $5.0M Reduce -0.2%
JNJ Johnson & Johnson 1.92% 28,235 $4.3M Reduce -12.3%
WFC Wells Fargo & Co. 1.76% 49,472 $4.0M Reduce -2.4%
KO The Coca-Cola Co. 1.67% 53,216 $3.8M Reduce -0.3%
MKL Markel Group Inc. 1.41% 1,584 $3.2M Add +0.2%
NVDA Nvidia Corp. 1.38% 19,650 $3.1M No change
SPY SS SPDR S&P 500 ETF Trust-US 1.37% 5,002 $3.1M Add +2.7%
UL Unilever PLC 1.23% 45,117 $2.8M Reduce -0.1%
DEO Diageo PLC-Sponsored ADR 1.18% 26,367 $2.7M Add +0.4%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.17% 8,963 $2.6M Reduce -0.1%
GEV GE Vernova Inc. 1.14% 4,854 $2.6M Reduce -0.4%
V Visa Inc. Class A 1.13% 7,178 $2.5M Reduce -0.1%
UPS United Parcel Service Class B 1.07% 23,884 $2.4M Reduce -0.5%
AAPL Apple Inc. 0.94% 10,292 $2.1M Add +0.0%
HD Home Depot Inc. 0.94% 5,749 $2.1M No change
MCD McDonald's Corp. 0.90% 6,958 $2.0M No change
FDX FedEx Corp. 0.90% 8,872 $2.0M Reduce -0.2%
GOOGL Alphabet Inc. Class A 0.87% 11,093 $2.0M Add +1.2%
CVX Chevron Corp. 0.87% 13,608 $1.9M Add +9.5%
ABBV Abbvie Inc. 0.69% 8,426 $1.6M No change
COP Conocophillips 0.68% 17,059 $1.5M Reduce -3.0%
SMG Scotts Miracle-Gro Co. 0.68% 23,088 $1.5M Reduce -0.2%
LLY Eli Lilly & Co. 0.62% 1,800 $1.4M No change
ADP Automatic Data Processing 0.62% 4,513 $1.4M No change
ABT Abbott Laboratories 0.59% 9,692 $1.3M No change
SBUX Starbucks Corp. 0.57% 14,118 $1.3M Add +0.9%
TMUS T-Mobile US Inc. 0.53% 5,000 $1.2M New
PSX Phillips 66 0.49% 9,306 $1.1M Reduce -7.6%
MMM 3M Co. 0.48% 7,084 $1.1M Add +6.0%
NOC Northrop Grumman Corp. 0.43% 1,938 $969K No change
INTC Intel Corp. 0.40% 40,306 $903K Add +5.6%
PPG PPG Industries Inc. 0.37% 7,400 $842K Add +5.7%
NKE Nike Inc. Class B 0.37% 11,704 $831K Add +2.9%
VOO Vanguard S&P 500 ETF 0.37% 1,451 $824K No change
BA The Boeing Co. 0.36% 3,911 $819K No change
PSA Public Storage 0.36% 2,788 $818K No change
AMGN Amgen Inc. 0.36% 2,911 $813K Reduce -4.0%
WDFC WD-40 Co. 0.35% 3,500 $798K No change
GLD SPDR Gold Shares 0.33% 2,448 $746K No change
BRK.A Berkshire Hathaway Inc. Class A 0.32% 1 $729K No change
PH Parker Hannifin Corp. 0.32% 1,037 $724K No change
RTX RTX Corp. 0.32% 4,879 $712K No change
BMY Bristol-Myers Squibb Co. 0.31% 15,233 $705K No change
XLE SS Energy Select Sector 0.31% 8,206 $696K Reduce -5.2%
KHC The Kraft Heinz Co. 0.31% 26,886 $694K Reduce -0.5%
META Meta Platforms Inc. Class A 0.29% 873 $644K Add +3.0%
ZTS Zoetis Inc. 0.27% 3,941 $615K No change
XOM Exxon Mobil Corp. 0.27% 5,700 $614K No change
HON Honeywell International Inc. 0.21% 2,077 $484K Add +56.5%
TRV The Travelers Cos Inc. 0.20% 1,724 $461K No change
YUMC Yum China Holdings Inc. 0.20% 10,220 $457K Reduce -70.2%
TGT Target Corp. 0.20% 4,593 $453K No change
ADBE Adobe Inc. 0.19% 1,102 $426K No change
LBTYK Liberty Global Ltd. Class C 0.18% 40,072 $413K Reduce -1.2%
QQQ Invesco QQQ Trust Series 1 0.18% 731 $403K No change
GEHC GE Healthcare Technology 0.17% 5,042 $373K Reduce -4.0%
NSC Norfolk Southern Corp. 0.16% 1,444 $370K No change
SNREY Sunrise Communicat Class A 0.16% 6,412 $363K Reduce -2.3%
CSX CSX Corp. 0.15% 10,146 $331K No change
HSY The Hershey Co. 0.14% 1,952 $324K No change
AL Sumisho Air Lease Corp. filed as AIR LEASE CORP 0.14% 5,500 $322K No change
CSCO Cisco Systems Inc. 0.14% 4,497 $312K No change
CARR Carrier Global Corp. 0.14% 4,219 $309K No change
PGR Progressive Corp. 0.14% 1,145 $306K No change
NEE Nextera Energy Inc. 0.13% 4,196 $291K No change
VEU Vanguard Ftse All-World Ex-U 0.13% 4,306 $289K No change
RACE Ferrari NV 0.13% 577 $283K No change
VTI VG Morningstar TS MKT ETF-US 0.12% 904 $275K No change
CLX Clorox Company 0.12% 2,250 $270K Add +15.4%
EPD Enterprise Products Partners 0.12% 8,616 $267K No change
GILD Gilead Sciences Inc. 0.12% 2,345 $260K No change
TEL Te Connectivity PLC 0.12% 1,541 $260K Reduce -1.1%
BR Broadridge Financial Solutio 0.11% 1,053 $256K No change
C Citigroup Inc. 0.11% 2,935 $250K Add +0.0%
SO The Southern Co. 0.11% 2,715 $249K No change
BDX Becton Dickinson and Co. 0.11% 1,400 $241K No change
DE Deere & Co. 0.11% 467 $237K New
PFE Pfizer Inc. 0.11% 9,787 $237K Add +8.8%
COR Cencora Inc. 0.10% 772 $231K No change
VEA Vanguard Ftse Developed ETF 0.10% 3,995 $228K No change
TMO Thermo Fisher Scientific Inc. 0.10% 551 $223K No change
FCX Freeport-McMoran Inc. 0.10% 5,000 $217K New
OTIS Otis Worldwide Corp. 0.09% 2,151 $213K No change
SYY Sysco Corp. 0.09% 2,802 $212K No change
OKE Oneok Inc. 0.09% 2,495 $204K New
IYH iShares U.S. Healthcare ETF 0.09% 3,550 $201K Reduce -4.5%
CB Chubb Ltd. 0.09% 691 $200K No change

Portfolio Sells Q1 2025 → Q2 2025
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.0% 4.10% −0.72
YUMC Yum China Holdings Inc. Reduce -70.2% 0.20% −0.65
JNJ Johnson & Johnson Reduce -12.3% 1.92% −0.63
YUM Yum! Brands Inc. Reduce -0.2% 2.47% −0.35
PG The Procter & Gamble Co. Reduce -0.5% 2.27% −0.35
AIG American International Group Reduce -0.7% 2.61% −0.25
COP Conocophillips Reduce -3.0% 0.68% −0.20
UPS United Parcel Service Class B Reduce -0.5% 1.07% −0.19
KO The Coca-Cola Co. Reduce -0.3% 1.67% −0.15
FDX FedEx Corp. Reduce -0.2% 0.90% −0.14
UNH Unitedhealth Group Inc. Sold out 0.00% −0.13
COST Costco Wholesale Corp. Reduce -0.3% 4.13% −0.12
OXY Occidental Petroleum Corp. Sold out 0.00% −0.11
MPC Marathon Petroleum Corp. Sold out 0.00% −0.10
PSX Phillips 66 Reduce -7.6% 0.49% −0.10
WES Western Midstream Partners L Sold out 0.00% −0.10
AMGN Amgen Inc. Reduce -4.0% 0.36% −0.09
KHC The Kraft Heinz Co. Reduce -0.5% 0.31% −0.08
XLE SS Energy Select Sector Reduce -5.2% 0.31% −0.08
V Visa Inc. Class A Reduce -0.1% 1.13% −0.07
UL Unilever PLC Reduce -0.1% 1.23% −0.06
LBTYK Liberty Global Ltd. Class C Reduce -1.2% 0.18% −0.05
GEHC GE Healthcare Technology Reduce -4.0% 0.17% −0.04
IYH iShares U.S. Healthcare ETF Reduce -4.5% 0.09% −0.02
SNREY Sunrise Communicat Class A Reduce -2.3% 0.16% +0.01
TEL Te Connectivity PLC Reduce -1.1% 0.12% +0.01
WFC Wells Fargo & Co. Reduce -2.4% 1.76% +0.03
SMG Scotts Miracle-Gro Co. Reduce -0.2% 0.68% +0.07
IBM Intl Business Machines Corp. Reduce -0.1% 1.17% +0.11
WMT Walmart Inc. Reduce -0.3% 4.60% +0.16
AMZN Amazon.com Inc. Reduce -0.2% 2.42% +0.16
GE General Electric Reduce -0.2% 2.23% +0.37
AXP American Express Co. Reduce -0.6% 4.19% +0.37
GEV GE Vernova Inc. Reduce -0.4% 1.14% +0.43
DIS The Walt Disney Co. Reduce -0.1% 3.06% +0.44

Portfolio Buys Q1 2025 → Q2 2025
MSFT Microsoft Corp. Add +1.6% 12.54% +2.54
TMUS T-Mobile US Inc. New 0.53% +0.53
JPM JPMorgan Chase & Co. Add +3.6% 3.06% +0.38
BAC Bank of America Corp. Add +0.0% 4.03% +0.22
GOOG Alphabet Inc. Class C Add +0.3% 3.72% +0.21
DE Deere & Co. New 0.11% +0.11
FCX Freeport-McMoran Inc. New 0.10% +0.10
OKE Oneok Inc. New 0.09% +0.09
HON Honeywell International Inc. Add +56.5% 0.21% +0.08
SPY SS SPDR S&P 500 ETF Trust-US Add +2.7% 1.37% +0.07
GOOGL Alphabet Inc. Class A Add +1.2% 0.87% +0.06
META Meta Platforms Inc. Class A Add +3.0% 0.29% +0.05
NKE Nike Inc. Class B Add +2.9% 0.37% +0.03
C Citigroup Inc. Add +0.0% 0.11% +0.01
MMM 3M Co. Add +6.0% 0.48% +0.01
PPG PPG Industries Inc. Add +5.7% 0.37% +0.01
PFE Pfizer Inc. Add +8.8% 0.11% −0.00
MKL Markel Group Inc. Add +0.2% 1.41% −0.00
INTC Intel Corp. Add +5.6% 0.40% −0.01
CLX Clorox Company Add +15.4% 0.12% −0.02
SBUX Starbucks Corp. Add +0.9% 0.57% −0.08
CVX Chevron Corp. Add +9.5% 0.87% −0.13
DEO Diageo PLC-Sponsored ADR Add +0.4% 1.18% −0.13
AAPL Apple Inc. Add +0.0% 0.94% −0.15
MDLZ Mondelez International Inc. Class A Add +0.1% 2.71% −0.21
PEP Pepsico Inc. Add +0.3% 2.46% −0.53

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 111$248.4MMSFT, GOOG, WMT, BAC, AXP
Q1 2026 108$230.2MMSFT, GOOG, WMT, COST, BAC
Q4 2025 107$240.8MMSFT, GOOG, WMT, AXP, BAC
Q3 2025 101$234.6MMSFT, GOOG, WMT, BAC, AXP
Q2 2025 102$225.2MMSFT, WMT, AXP, COST, BRK.B
Q1 2025 102$209.8MMSFT, BRK.B, WMT, COST, AXP
Q4 2024 99$213.0MMSFT, WMT, GOOG, AXP, COST
Q3 2024 102$214.6MMSFT, BRK.B, WMT, COST, AXP
Q2 2024 101$203.1MMSFT, GOOG, COST, BRK.B, BAC
Q1 2024 101$202.2MMSFT, BRK.B, BAC, GOOG, PEP