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Livermore
Livermore
ZHEN

Pavion Blue Capital, LLC

SEC CIK
0001792565
Latest filing
Aug 7, 2026

The latest 13F from Pavion Blue Capital, LLC covers Q2 2026 (filed Aug 7, 2026): 111 long positions worth $248.4M. The top 10 holdings make up 43.8% of the portfolio, and the largest is Microsoft Corp (MSFT) at 8.3%. Livermore has 24 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
9
Est. +$2.27M
Added
9
Est. +$1.09M
Reduced
37
Est. −$1.97M
Sold out
6
Est. −$2.44M

Top 5 holdings

Share of this quarter's portfolio value

  1. MSFTMicrosoft Corp
    8.3%$20.7MHistory
  2. GOOGAlphabet Inc.
    6.6%$16.5MHistory
  3. WMTWalmart Inc.
    4.7%$11.6MHistory
  4. BACBank of America Corp
    4.2%$10.5MHistory
  5. AXPAmerican Express Co
    3.8%$9.55MHistory

Share of portfolio

Top 5 holdings and the other 106 positions, by share of portfolio value

  1. MSFT8.3%
  2. GOOG6.6%
  3. WMT4.7%
  4. BAC4.2%
  5. AXP3.8%
  6. Other 106 positions72.3%

Biggest buys

New and added positions, by estimated amount bought

  1. GOOGLAlphabet Inc.
    +$392.7KAddedHistory
  2. ROKRockwell Automation, Inc
    +$371.3KNewHistory
  3. RACEFerrari N.V.
    +$343.6KNewHistory
  4. AAPLApple Inc.
    +$311.3KAddedHistory
  5. IBKRInteractive Brokers Group, Inc.
    +$252.1KNewHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. GOOGAlphabet Inc.
    +0.90 pp5.7% → 6.6%History
  2. GOOGLAlphabet Inc.
    +0.37 pp1.4% → 1.7%History
  3. AAPLApple Inc.
    +0.27 pp1.1% → 1.4%History
  4. AMZNAmazon Com Inc
    +0.16 pp2.3% → 2.5%History
  5. ROKRockwell Automation, Inc
    +0.15 pp0.0% → 0.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. XOMExxonMobil Holdings Corp
    −$948.4KSold outHistory
  2. HONHoneywell International Inc
    −$469.5KSold outHistory
  3. NVDANVIDIA Corp
    −$400.2KReducedHistory
  4. ALSumisho Air Lease Corp
    −$357.2KSold outHistory
  5. MSFTMicrosoft Corp
    −$275.3KReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. WMTWalmart Inc.
    −0.89 pp5.5% → 4.7%History
  2. MSFTMicrosoft Corp
    −0.66 pp9.0% → 8.3%History
  3. PEPPepsiCo Inc
    −0.54 pp2.8% → 2.2%History
  4. XOMExxonMobil Holdings Corp
    −0.41 pp0.4% → 0.0%History
  5. COSTCostco Wholesale Corp
    −0.30 pp4.0% → 3.7%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$248.4M
+$18.2M (+7.9%) vs. prior quarter
Positions
111
+3 vs. prior quarter
Top 10 concentration
43.8%
Top 10 as share of value
Turnover
1.4%
Q2 2026, one quarter
Average holding period
20.4 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $248.4M (Q2 2026)

Q1 2021: $151.9MQ2 2021: $163.1MQ3 2021: $160.9MQ4 2021: $172.3MQ1 2022: $170.8MQ2 2022: $148.2MQ3 2022: $139.4MQ4 2022: $156.8MQ1 2023: $162.3MQ2 2023: $171.5MQ3 2023: $164.5MQ4 2023: $181.4MQ1 2024: $202.2MQ2 2024: $203.1MQ3 2024: $214.6MQ4 2024: $213.0MQ1 2025: $209.8MQ2 2025: $225.2MQ3 2025: $234.6MQ4 2025: $240.8MQ1 2026: $230.2MQ2 2026: $248.4M
Q1 2021Q2 2026
13F filings of Pavion Blue Capital, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 7, 2026111$248.4MMSFTGOOGWMTvs. Q1 2026SEC
Q1 2026May 6, 2026108$230.2MMSFTGOOGWMTvs. Q4 2025SEC
Q4 2025Jan 27, 2026107$240.8MMSFTGOOGWMTvs. Q3 2025SEC
Q3 2025Nov 7, 2025101$234.6MMSFTGOOGWMTvs. Q2 2025SEC
Q2 2025Aug 1, 2025102$225.2MMSFTWMTAXPvs. Q1 2025SEC
Q1 2025May 5, 2025102$209.8MMSFTBRK.BWMTvs. Q4 2024SEC
Q4 2024Feb 4, 202599$213.0MMSFTWMTGOOGvs. Q3 2024SEC
Q3 2024Oct 23, 2024102$214.6MMSFTBRK.BWMTvs. Q2 2024SEC
Q2 2024Jul 15, 2024101$203.1MMSFTGOOGCOSTvs. Q1 2024SEC
Q1 2024Apr 26, 2024101$202.2MMSFTBRK.BBACvs. Q4 2023SEC
Q4 2023Jan 25, 202496$181.4MMSFTBACGOOGvs. Q3 2023SEC
Q3 2023Nov 6, 202393$164.5MMSFTBRK.BMDLZvs. Q2 2023SEC
Q2 2023Aug 3, 202397$171.5MMSFTPEPMDLZvs. Q1 2023SEC
Q1 2023May 3, 202397$162.3MMSFTPEPMDLZvs. Q4 2022SEC
Q4 2022Feb 8, 202394$156.8MMSFTBACPEPvs. Q3 2022SEC
Q3 2022Nov 4, 202288$139.4MMSFTBACPEPvs. Q2 2022SEC
Q2 2022Aug 2, 202289$148.2MMSFTBACPEPvs. Q1 2022SEC
Q1 2022May 5, 202295$170.8MMSFTBACBRK.Bvs. Q4 2021SEC
Q4 2021Jan 28, 2022Amended92$172.3MMSFTBACPEPvs. Q3 2021SEC
Q3 2021Nov 16, 2021Amended89$160.9MMSFTBACDISvs. Q2 2021SEC
Q2 2021Aug 10, 202192$163.1MMSFTBACDISvs. Q1 2021SEC
Q1 2021May 10, 202187$151.9MMSFTBACDIS–SEC