Pavion Blue Capital, LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 27, 2026), Pavion Blue Capital, LLC reported 107 stock positions worth $240.8 million. Its top holding was Microsoft (MSFT) at 11.3% of the portfolio, followed by Alphabet Class C (GOOG, 6.1%) and Walmart (WMT, 4.8%). Compared with Q3 2025, it opened 9 new positions, sold out of 3, added to 9 and reduced 41. The biggest buy was Eli Lilly (LLY, shares +0%) and the biggest sale Microsoft (MSFT, shares −0%).

Most Recent 13F
Q2 2026
Location
NEWPORT BEACH, CA
CIK
0001792565
Portfolio Value
$240.8M (Q4 2025)
SEC Filing
0001792565-26-000001 ↗ filed Jan 27, 2026

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 Q3 2025 Q4 2025: $240.8M $240.8M Q4 2025 Q1 2026: $230.2M Q1 2026 Q2 2026: $248.4M Q2 2026

Holdings 107 stocks · $240.8M
MSFT Microsoft Corp. 11.27% 56,127 $27.1M Reduce -0.5%
GOOG Alphabet Inc. Class C 6.10% 46,819 $14.7M Reduce -0.7%
WMT Walmart Inc. 4.82% 104,173 $11.6M Reduce -0.6%
AXP American Express Co. 4.48% 29,184 $10.8M Reduce -0.5%
BAC Bank of America Corp. filed as BANK AMERICA CORP 4.33% 189,684 $10.4M Reduce -0.4%
BRK.B Berkshire Hathaway Inc. Class B 3.96% 18,965 $9.5M Reduce -0.1%
COST Costco Wholesale Corp. 3.31% 9,248 $8.0M Reduce -0.2%
JPM JPMorgan Chase & Co. 3.14% 23,464 $7.6M Reduce -0.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 2.66% 56,311 $6.4M Add +1.3%
PEP Pepsico Inc. 2.49% 41,726 $6.0M Add +0.0%
AMZN Amazon.com Inc. 2.46% 25,680 $5.9M Add +0.8%
GE General Electric filed as GE AEROSPACE 2.46% 19,218 $5.9M Reduce -0.7%
AIG American International Group 2.43% 68,322 $5.8M Reduce -0.3%
JNJ Johnson & Johnson 2.42% 28,208 $5.8M Reduce -0.1%
YUM Yum! Brands Inc. 2.35% 37,337 $5.6M Reduce -0.2%
MDLZ Mondelez International Inc. Class A 1.99% 89,230 $4.8M Reduce -0.7%
PG The Procter & Gamble Co. 1.91% 32,093 $4.6M Add +0.2%
WFC Wells Fargo & Co. 1.91% 49,285 $4.6M Reduce -0.1%
KO The Coca-Cola Co. 1.54% 53,166 $3.7M Reduce -0.1%
GOOGL Alphabet Inc. Class A 1.42% 10,928 $3.4M Reduce -1.5%
MKL Markel Group Inc. 1.42% 1,591 $3.4M Add +0.4%
SPY SS SPDR S&P 500 ETF Trust-US 1.42% 4,998 $3.4M Reduce -0.1%
NVDA Nvidia Corp. 1.36% 17,595 $3.3M Reduce -10.5%
GEV GE Vernova Inc. 1.30% 4,805 $3.1M Reduce -0.1%
AAPL Apple Inc. 1.16% 10,287 $2.8M Reduce -0.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.10% 8,943 $2.6M Reduce -0.2%
UL Unilever PLC-Sponsored ADR 1.08% 39,705 $2.6M Reduce -0.9%
FDX FedEx Corp. 1.06% 8,872 $2.6M No change
V Visa Inc. Class A 1.04% 7,166 $2.5M No change
MCD McDonald's Corp. 0.88% 6,958 $2.1M No change
UPS United Parcel Service Class B 0.86% 20,778 $2.1M Reduce -14.0%
CVX Chevron Corp. 0.83% 13,108 $2.0M No change
LLY Eli Lilly & Co. 0.81% 1,805 $1.9M Add +0.3%
HD Home Depot Inc. 0.80% 5,628 $1.9M Reduce -0.9%
ABBV Abbvie Inc. 0.80% 8,426 $1.9M No change
COP Conocophillips 0.65% 16,797 $1.6M Reduce -0.2%
INTC Intel Corp. 0.64% 41,649 $1.5M Reduce -0.2%
DEO Diageo PLC-Sponsored ADR 0.64% 17,785 $1.5M Reduce -31.9%
SBUX Starbucks Corp. 0.59% 16,856 $1.4M Add +9.5%
ABT Abbott Laboratories 0.50% 9,692 $1.2M No change
PSX Phillips 66 0.49% 9,065 $1.2M Reduce -1.5%
ADP Automatic Data Processing 0.48% 4,513 $1.2M No change
MMM 3M Co. 0.47% 7,084 $1.1M No change
NOC Northrop Grumman Corp. 0.46% 1,938 $1.1M No change
SMG Scotts Miracle-Gro Co. 0.45% 18,468 $1.1M Reduce -19.9%
TMUS T-Mobile US Inc. 0.42% 5,000 $1.0M No change
GLD SPDR Gold Shares 0.41% 2,461 $975K No change
AMGN Amgen Inc. 0.39% 2,871 $940K Reduce -0.8%
NKE Nike Inc. Class B 0.39% 14,687 $936K Add +25.5%
PH Parker Hannifin Corp. 0.38% 1,037 $911K No change
VOO Vanguard S&P 500 ETF 0.38% 1,441 $904K Reduce -0.7%
RTX RTX Corp. 0.37% 4,879 $895K No change
BA The Boeing Co. 0.35% 3,903 $847K Reduce -0.2%
BMY Bristol-Myers Squibb Co. 0.32% 14,233 $768K Reduce -6.6%
PPG PPG Industries Inc. 0.31% 7,400 $758K No change
BRK.A Berkshire Hathaway Inc. Class A 0.31% 1 $755K No change
PSA Public Storage 0.30% 2,788 $723K No change
WDFC WD-40 Co. 0.29% 3,500 $689K No change
XLE SS Energy Select Sector 0.28% 15,168 $678K Reduce -4.7%
XOM Exxon Mobil Corp. 0.28% 5,590 $673K No change
META Meta Platforms Inc. Class A 0.24% 873 $576K No change
KHC The Kraft Heinz Co. 0.22% 21,740 $527K Reduce -16.3%
TRV The Travelers Cos Inc. 0.21% 1,724 $500K No change
ZTS Zoetis Inc. 0.21% 3,941 $496K No change
YUMC Yum China Holdings Inc. 0.20% 10,053 $480K Add +0.0%
TGT Target Corp. 0.19% 4,593 $449K No change
QQQ Invesco QQQ Trust Series 1 0.18% 720 $442K Reduce -1.1%
NSC Norfolk Southern Corp. 0.17% 1,444 $417K No change
HON Honeywell International Inc. 0.17% 2,077 $405K No change
GEHC GE Healthcare Technology 0.16% 4,712 $386K Reduce -6.3%
ADBE Adobe Inc. 0.16% 1,076 $377K Reduce -2.4%
CSX CSX Corp. 0.15% 10,146 $368K No change
HSY The Hershey Co. 0.15% 1,952 $355K No change
AL Sumisho Air Lease Corp. filed as AIR LEASE CORP 0.15% 5,500 $353K No change
TEL Te Connectivity PLC 0.15% 1,541 $351K No change
LBTYK Liberty Global Ltd. Class C 0.14% 31,464 $347K Reduce -17.9%
CSCO Cisco Systems Inc. 0.14% 4,497 $346K No change
C Citigroup Inc. 0.14% 2,934 $342K No change
NEE Nextera Energy Inc. 0.14% 4,196 $337K No change
VTI VG Morningstar TS MKT ETF-US 0.14% 983 $330K No change
VEU Vanguard Ftse All-World Ex-U 0.13% 4,306 $317K No change
TMO Thermo Fisher Scientific Inc. 0.13% 533 $309K Reduce -3.3%
GILD Gilead Sciences Inc. 0.12% 2,345 $288K No change
BDX Becton Dickinson and Co. 0.11% 1,400 $272K No change
QCOM Qualcomm Inc. 0.11% 1,570 $269K No change
COR Cencora Inc. 0.11% 772 $261K No change
FCX Freeport-McMoran Inc. 0.11% 5,000 $254K New
EPD Enterprise Products Partners 0.11% 7,916 $254K No change
VEA Vanguard Ftse Developed ETF 0.10% 3,995 $250K No change
STRL Sterling Infrastructure Inc. 0.10% 800 $245K No change
SO The Southern Co. 0.10% 2,715 $237K No change
BR Broadridge Financial Solutio 0.10% 1,053 $235K No change
IYH iShares U.S. Healthcare ETF 0.10% 3,550 $231K No change
CAT Caterpillar Inc. 0.10% 403 $231K New
MRK Merck & Co. Inc. 0.10% 2,179 $229K New
PGR Progressive Corp. 0.09% 1,000 $228K Reduce -12.7%
CLX Clorox Company 0.09% 2,250 $227K No change
CARR Carrier Global Corp. 0.09% 4,219 $223K No change
KMB Kimberly-Clark Corp. 0.09% 2,169 $219K New
DE Deere & Co. 0.09% 467 $217K No change

Show all 107 holdings

Portfolio Sells Q3 2025 → Q4 2025
MSFT Microsoft Corp. Reduce -0.5% 11.27% −1.18
DEO Diageo PLC-Sponsored ADR Reduce -31.9% 0.64% −0.42
MDLZ Mondelez International Inc. Class A Reduce -0.7% 1.99% −0.40
COST Costco Wholesale Corp. Reduce -0.2% 3.31% −0.34
NVDA Nvidia Corp. Reduce -10.5% 1.36% −0.20
HD Home Depot Inc. Reduce -0.9% 0.80% −0.18
SMG Scotts Miracle-Gro Co. Reduce -19.9% 0.45% −0.11
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.1% 3.96% −0.11
PFE Pfizer Inc. Sold out 0.00% −0.11
SYY Sysco Corp. Sold out 0.00% −0.09
OXY Occidental Petroleum Corp. Sold out 0.00% −0.09
YUM Yum! Brands Inc. Reduce -0.2% 2.35% −0.08
KHC The Kraft Heinz Co. Reduce -16.3% 0.22% −0.07
UL Unilever PLC-Sponsored ADR Reduce -0.9% 1.08% −0.06
PSX Phillips 66 Reduce -1.5% 0.49% −0.05
LBTYK Liberty Global Ltd. Class C Reduce -17.9% 0.14% −0.05
JPM JPMorgan Chase & Co. Reduce -0.5% 3.14% −0.03
PGR Progressive Corp. Reduce -12.7% 0.09% −0.03
COP Conocophillips Reduce -0.2% 0.65% −0.03
GE General Electric Reduce -0.7% 2.46% −0.02
XLE SS Energy Select Sector Reduce -4.7% 0.28% −0.02
ADBE Adobe Inc. Reduce -2.4% 0.16% −0.01
BA The Boeing Co. Reduce -0.2% 0.35% −0.01
SPY SS SPDR S&P 500 ETF Trust-US Reduce -0.1% 1.42% −0.01
UPS United Parcel Service Class B Reduce -14.0% 0.86% −0.00
VOO Vanguard S&P 500 ETF Reduce -0.7% 0.38% −0.00
QQQ Invesco QQQ Trust Series 1 Reduce -1.1% 0.18% −0.00
GEHC GE Healthcare Technology Reduce -6.3% 0.16% −0.00
TMO Thermo Fisher Scientific Inc. Reduce -3.3% 0.13% +0.01
IBM Intl Business Machines Corp. Reduce -0.2% 1.10% +0.02
BMY Bristol-Myers Squibb Co. Reduce -6.6% 0.32% +0.03
KO The Coca-Cola Co. Reduce -0.1% 1.54% +0.04
INTC Intel Corp. Reduce -0.2% 0.64% +0.04
AMGN Amgen Inc. Reduce -0.8% 0.39% +0.04
GEV GE Vernova Inc. Reduce -0.1% 1.30% +0.04
AAPL Apple Inc. Reduce -0.1% 1.16% +0.04
AIG American International Group Reduce -0.3% 2.43% +0.13
BAC Bank of America Corp. Reduce -0.4% 4.33% +0.14
WFC Wells Fargo & Co. Reduce -0.1% 1.91% +0.14
JNJ Johnson & Johnson Reduce -0.1% 2.42% +0.19
WMT Walmart Inc. Reduce -0.6% 4.82% +0.22
GOOGL Alphabet Inc. Class A Reduce -1.5% 1.42% +0.27
AXP American Express Co. Reduce -0.5% 4.48% +0.33
GOOG Alphabet Inc. Class C Reduce -0.7% 6.10% +1.21

Portfolio Buys Q3 2025 → Q4 2025
LLY Eli Lilly & Co. Add +0.3% 0.81% +0.22
MKL Markel Group Inc. Add +0.4% 1.42% +0.13
FCX Freeport-McMoran Inc. New 0.11% +0.11
CAT Caterpillar Inc. New 0.10% +0.10
MRK Merck & Co. Inc. New 0.10% +0.10
KMB Kimberly-Clark Corp. New 0.09% +0.09
CB Chubb Ltd. New 0.09% +0.09
EL Estee Lauder Companies Class A New 0.09% +0.09
MLI Mueller Industries Inc. New 0.08% +0.08
NDAQ Nasdaq Inc. New 0.08% +0.08
SHEL Shell PLC-ADR New 0.08% +0.08
AMZN Amazon.com Inc. Add +0.8% 2.46% +0.08
NKE Nike Inc. Class B Add +25.5% 0.39% +0.04
SBUX Starbucks Corp. Add +9.5% 0.59% +0.03
YUMC Yum China Holdings Inc. Add +0.0% 0.20% +0.02
PEP Pepsico Inc. Add +0.0% 2.49% −0.01
DIS The Walt Disney Co. Add +1.3% 2.66% −0.05
PG The Procter & Gamble Co. Add +0.2% 1.91% −0.19

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