Pavion Blue Capital, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 7, 2025), Pavion Blue Capital, LLC reported 101 stock positions worth $234.6 million. Its top holding was Microsoft (MSFT) at 12.4% of the portfolio, followed by Alphabet Class C (GOOG, 4.9%) and Walmart (WMT, 4.6%). Compared with Q2 2025, it opened 4 new positions, sold out of 5, added to 10 and reduced 34. The biggest buy was Johnson & Johnson (JNJ, shares −0%) and the biggest sale Costco Wholesale (COST, shares −1%).

Most Recent 13F
Q2 2026
Location
NEWPORT BEACH, CA
CIK
0001792565
Portfolio Value
$234.6M (Q3 2025)
SEC Filing
0001792565-25-000003 ↗ filed Nov 7, 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 Q2 2025 Q3 2025: $234.6M $234.6M Q3 2025 Q4 2025: $240.8M Q4 2025 Q1 2026: $230.2M Q1 2026 Q2 2026: $248.4M Q2 2026

Holdings 101 stocks · $234.6M
MSFT Microsoft Corp. 12.45% 56,378 $29.2M Reduce -0.6%
GOOG Alphabet Inc. Class C 4.89% 47,135 $11.5M Reduce -0.2%
WMT Walmart Inc. 4.60% 104,760 $10.8M Reduce -1.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP 4.19% 190,500 $9.8M Reduce -0.6%
AXP American Express Co. 4.15% 29,342 $9.7M Reduce -0.7%
BRK.B Berkshire Hathaway Inc. Class B 4.07% 18,980 $9.5M Reduce -0.1%
COST Costco Wholesale Corp. 3.65% 9,264 $8.6M Reduce -1.3%
JPM JPMorgan Chase & Co. 3.17% 23,586 $7.4M Reduce -0.7%
DIS The Walt Disney Co. filed as DISNEY WALT CO 2.71% 55,585 $6.4M Add +0.0%
PEP Pepsico Inc. 2.50% 41,720 $5.9M Reduce -0.4%
GE General Electric filed as GE AEROSPACE 2.48% 19,356 $5.8M Reduce -0.6%
YUM Yum! Brands Inc. 2.42% 37,399 $5.7M Reduce -0.4%
MDLZ Mondelez International Inc. Class A 2.39% 89,871 $5.6M Reduce -0.6%
AMZN Amazon.com Inc. 2.38% 25,481 $5.6M Add +2.7%
AIG American International Group 2.29% 68,555 $5.4M Reduce -0.2%
JNJ Johnson & Johnson 2.23% 28,236 $5.2M Add +0.0%
PG The Procter & Gamble Co. 2.10% 32,015 $4.9M Add +0.0%
WFC Wells Fargo & Co. 1.76% 49,343 $4.1M Reduce -0.3%
NVDA Nvidia Corp. 1.56% 19,650 $3.7M No change
KO The Coca-Cola Co. 1.50% 53,217 $3.5M Add +0.0%
SPY SS SPDR S&P 500 ETF Trust-US 1.42% 5,002 $3.3M No change
MKL Markel Group Inc. 1.29% 1,584 $3.0M No change
GEV GE Vernova Inc. 1.26% 4,811 $3.0M Reduce -0.9%
GOOGL Alphabet Inc. Class A 1.15% 11,093 $2.7M No change
UL Unilever PLC 1.14% 45,117 $2.7M No change
AAPL Apple Inc. 1.12% 10,292 $2.6M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.08% 8,963 $2.5M No change
DEO Diageo PLC-Sponsored ADR 1.06% 26,107 $2.5M Reduce -1.0%
V Visa Inc. Class A 1.04% 7,166 $2.4M Reduce -0.2%
HD Home Depot Inc. 0.98% 5,679 $2.3M Reduce -1.2%
MCD McDonald's Corp. 0.90% 6,958 $2.1M No change
FDX FedEx Corp. 0.89% 8,872 $2.1M No change
CVX Chevron Corp. 0.87% 13,108 $2.0M Reduce -3.7%
UPS United Parcel Service Class B 0.86% 24,163 $2.0M Add +1.2%
ABBV Abbvie Inc. 0.83% 8,426 $2.0M No change
COP Conocophillips 0.68% 16,824 $1.6M Reduce -1.4%
INTC Intel Corp. 0.60% 41,729 $1.4M Add +3.5%
LLY Eli Lilly & Co. 0.59% 1,800 $1.4M No change
ADP Automatic Data Processing 0.56% 4,513 $1.3M No change
SMG Scotts Miracle-Gro Co. 0.56% 23,072 $1.3M Reduce -0.1%
SBUX Starbucks Corp. 0.56% 15,396 $1.3M Add +9.1%
ABT Abbott Laboratories 0.55% 9,692 $1.3M No change
PSX Phillips 66 0.53% 9,206 $1.3M Reduce -1.1%
TMUS T-Mobile US Inc. 0.51% 5,000 $1.2M No change
NOC Northrop Grumman Corp. 0.50% 1,938 $1.2M No change
MMM 3M Co. 0.47% 7,084 $1.1M No change
VOO Vanguard S&P 500 ETF 0.38% 1,451 $889K No change
GLD SPDR Gold Shares 0.37% 2,461 $875K Add +0.5%
BA The Boeing Co. 0.36% 3,911 $844K No change
AMGN Amgen Inc. 0.35% 2,895 $817K Reduce -0.6%
RTX RTX Corp. 0.35% 4,879 $816K No change
NKE Nike Inc. Class B 0.35% 11,704 $816K No change
PSA Public Storage 0.34% 2,788 $805K No change
PH Parker Hannifin Corp. 0.34% 1,037 $786K No change
PPG PPG Industries Inc. 0.33% 7,400 $778K No change
BRK.A Berkshire Hathaway Inc. Class A 0.32% 1 $754K No change
XLE SS Energy Select Sector 0.30% 7,956 $711K Reduce -3.0%
WDFC WD-40 Co. 0.29% 3,500 $692K No change
BMY Bristol-Myers Squibb Co. 0.29% 15,233 $687K No change
KHC The Kraft Heinz Co. 0.29% 25,967 $676K Reduce -3.4%
META Meta Platforms Inc. Class A 0.27% 873 $641K No change
XOM Exxon Mobil Corp. 0.27% 5,590 $630K Reduce -1.9%
ZTS Zoetis Inc. 0.25% 3,941 $577K No change
TRV The Travelers Cos Inc. 0.21% 1,724 $481K No change
LBTYK Liberty Global Ltd. Class C 0.19% 38,323 $450K Reduce -4.4%
HON Honeywell International Inc. 0.19% 2,077 $437K No change
QQQ Invesco QQQ Trust Series 1 0.19% 728 $437K Reduce -0.4%
NSC Norfolk Southern Corp. 0.18% 1,444 $434K No change
YUMC Yum China Holdings Inc. 0.18% 10,052 $431K Reduce -1.6%
TGT Target Corp. 0.18% 4,593 $412K No change
ADBE Adobe Inc. 0.17% 1,102 $389K No change
GEHC GE Healthcare Technology 0.16% 5,027 $378K Reduce -0.3%
HSY The Hershey Co. 0.16% 1,952 $365K No change
CSX CSX Corp. 0.15% 10,146 $360K No change
AL Sumisho Air Lease Corp. filed as AIR LEASE CORP 0.15% 5,500 $350K No change
TEL Te Connectivity PLC 0.14% 1,541 $338K No change
VTI VG Morningstar TS MKT ETF-US 0.14% 983 $323K Add +8.7%
NEE Nextera Energy Inc. 0.14% 4,196 $317K No change
CSCO Cisco Systems Inc. 0.13% 4,497 $308K No change
VEU Vanguard Ftse All-World Ex-U 0.13% 4,306 $307K No change
C Citigroup Inc. 0.13% 2,934 $298K Reduce -0.0%
PGR Progressive Corp. 0.12% 1,145 $283K No change
RACE Ferrari NV 0.12% 577 $280K No change
CLX Clorox Company 0.12% 2,250 $277K No change
STRL Sterling Infrastructure Inc. 0.12% 800 $272K New
TMO Thermo Fisher Scientific Inc. 0.11% 551 $267K No change
BDX Becton Dickinson and Co. 0.11% 1,400 $262K No change
QCOM Qualcomm Inc. 0.11% 1,570 $261K New
GILD Gilead Sciences Inc. 0.11% 2,345 $260K No change
SO The Southern Co. 0.11% 2,715 $257K No change
CARR Carrier Global Corp. 0.11% 4,219 $252K No change
BR Broadridge Financial Solutio 0.11% 1,053 $251K No change
PFE Pfizer Inc. 0.11% 9,772 $249K Reduce -0.1%
EPD Enterprise Products Partners 0.11% 7,916 $248K Reduce -8.1%
COR Cencora Inc. 0.10% 772 $241K No change
VEA Vanguard Ftse Developed ETF 0.10% 3,995 $239K No change
SYY Sysco Corp. 0.09% 2,687 $221K Reduce -4.1%
DE Deere & Co. 0.09% 467 $214K No change
OXY Occidental Petroleum Corp. 0.09% 4,469 $211K New
MLM Martin Marietta Materials 0.09% 334 $211K New
IYH iShares U.S. Healthcare ETF 0.09% 3,550 $208K No change

Portfolio Sells Q2 2025 → Q3 2025
COST Costco Wholesale Corp. Reduce -1.3% 3.65% −0.47
AIG American International Group Reduce -0.2% 2.29% −0.32
MDLZ Mondelez International Inc. Class A Reduce -0.6% 2.39% −0.32
SNREY Sunrise Communicat Class A Sold out 0.00% −0.16
DEO Diageo PLC-Sponsored ADR Reduce -1.0% 1.06% −0.12
SMG Scotts Miracle-Gro Co. Reduce -0.1% 0.56% −0.12
FCX Freeport-McMoran Inc. Sold out 0.00% −0.10
OTIS Otis Worldwide Corp. Sold out 0.00% −0.09
OKE Oneok Inc. Sold out 0.00% −0.09
V Visa Inc. Class A Reduce -0.2% 1.04% −0.09
CB Chubb Ltd. Sold out 0.00% −0.09
MSFT Microsoft Corp. Reduce -0.6% 12.45% −0.09
YUM Yum! Brands Inc. Reduce -0.4% 2.42% −0.05
AXP American Express Co. Reduce -0.7% 4.15% −0.03
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.1% 4.07% −0.03
KHC The Kraft Heinz Co. Reduce -3.4% 0.29% −0.02
YUMC Yum China Holdings Inc. Reduce -1.6% 0.18% −0.02
EPD Enterprise Products Partners Reduce -8.1% 0.11% −0.01
AMGN Amgen Inc. Reduce -0.6% 0.35% −0.01
XLE SS Energy Select Sector Reduce -3.0% 0.30% −0.01
GEHC GE Healthcare Technology Reduce -0.3% 0.16% −0.01
XOM Exxon Mobil Corp. Reduce -1.9% 0.27% −0.00
COP Conocophillips Reduce -1.4% 0.68% −0.00
SYY Sysco Corp. Reduce -4.1% 0.09% 0.00
WMT Walmart Inc. Reduce -1.1% 4.60% 0.00
PFE Pfizer Inc. Reduce -0.1% 0.11% +0.00
CVX Chevron Corp. Reduce -3.7% 0.87% +0.00
WFC Wells Fargo & Co. Reduce -0.3% 1.76% +0.00
QQQ Invesco QQQ Trust Series 1 Reduce -0.4% 0.19% +0.01
LBTYK Liberty Global Ltd. Class C Reduce -4.4% 0.19% +0.01
C Citigroup Inc. Reduce -0.0% 0.13% +0.02
PSX Phillips 66 Reduce -1.1% 0.53% +0.04
PEP Pepsico Inc. Reduce -0.4% 2.50% +0.04
HD Home Depot Inc. Reduce -1.2% 0.98% +0.04
JPM JPMorgan Chase & Co. Reduce -0.7% 3.17% +0.11
GEV GE Vernova Inc. Reduce -0.9% 1.26% +0.12
BAC Bank of America Corp. Reduce -0.6% 4.19% +0.16
GE General Electric Reduce -0.6% 2.48% +0.26
GOOG Alphabet Inc. Class C Reduce -0.2% 4.89% +1.17

Portfolio Buys Q2 2025 → Q3 2025
JNJ Johnson & Johnson Add +0.0% 2.23% +0.32
INTC Intel Corp. Add +3.5% 0.60% +0.20
STRL Sterling Infrastructure Inc. New 0.12% +0.12
QCOM Qualcomm Inc. New 0.11% +0.11
OXY Occidental Petroleum Corp. New 0.09% +0.09
MLM Martin Marietta Materials New 0.09% +0.09
GLD SPDR Gold Shares Add +0.5% 0.37% +0.04
VTI VG Morningstar TS MKT ETF-US Add +8.7% 0.14% +0.02
SBUX Starbucks Corp. Add +9.1% 0.56% −0.02
AMZN Amazon.com Inc. Add +2.7% 2.38% −0.03
KO The Coca-Cola Co. Add +0.0% 1.50% −0.17
PG The Procter & Gamble Co. Add +0.0% 2.10% −0.17
UPS United Parcel Service Class B Add +1.2% 0.86% −0.21
DIS The Walt Disney Co. Add +0.0% 2.71% −0.35

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