Pavion Blue Capital Buys Big into IBM with $2.43 Million Investment

Pavion Blue Capital LLC invested $2.43 million in International Business Machines Corporation (IBM) during the second quarter, according to its latest SEC filing.

The institutional investor purchased 8,649 shares of IBM's stock, valued at approximately $2,432,000, making it one of the company's largest holdings.

This is not an isolated incident; several other hedge funds have also increased their stakes in IBM recently. Basepoint Wealth LLC and Portus Wealth Advisors LLC purchased new positions in the technology company during the fourth quarter and first quarter, respectively.