Pavaki Capital Management LLC

PUEBLO, CO · CIK 2143027 · 13F filing filed 2026-08-07

SEC-registered investment adviser since 2026 · limited liability company

Assets managed$410.1m
Staff6 · 6 in investment roles
Main clients (by assets)Private funds 100%
Private funds1 (1 hedge) · $410.1m gross assets
Form ADV · 2026-08-06SEC adviser record

$175.5m reported value +23.3% vs Q1 2026

132positions

47.9%in top 10

17 new 14 added 2 reduced 6 sold out vs Q1 2026

Options: 17 call positions ($82.4m notional), 14 put positions ($28.9m notional) – listed below, not included above.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	CHEVRON CORP NEW COM CVX	CVX	97,000	$16.1m9.16%	9.16%	Added +22.5k	+22,500 30.2%
2	MILESTONE PHARMACEUTICALS IN COM MIST	MIST	9,067,848	$12.2m6.92%	6.92%	Added +5.0k	+5,000 0.1%
3	INTUIT COM INTU	INTU	38,600	$10.1m5.74%	5.74%	New
4	QUALCOMM INC COM QCOM	QCOM	49,000	$9.1m5.16%	5.16%	New
5	BARRICK MNG CORP COM SHS B	B	221,500	$8.1m4.64%	4.64%	Unchanged
6	TEXTRON INC COM TXT	TXT	84,300	$7.7m4.41%	4.41%	Added +41.6k	+41,600 97.4%
7	REGENERON PHARMACEUTICALS COM REGN	REGN	9,900	$6.2m3.52%	3.52%	Added +2.0k	+2,000 25.3%
8	NVIDIA CORPORATION COM NVDA	NVDA	26,000	$5.2m2.96%	2.96%	Added +10.0k	+10,000 62.5%
9	ARCUTIS BIOTHERAPEUTICS INC COM ARQT	ARQT	187,000	$4.9m2.79%	2.79%	Unchanged
10	ARS PHARMACEUTICALS INC COM SPRY	SPRY	579,600	$4.6m2.65%	2.65%	Added +3.4k	+3,400 0.6%
11	MICRON TECHNOLOGY INC COM MU	MU	4,000	$4.6m2.63%	2.63%	New
12	B2GOLD CORP COM BTG	BTG	1,180,000	$4.4m2.52%	2.52%	Unchanged
13	LIGAND PHARMACEUTICALS INC COM NEW LGND	LGND	11,100	$3.5m2.00%	2.00%	Unchanged
14	CENTERRA GOLD INC COM CGAU	CGAU	197,000	$3.1m1.78%	1.78%	Unchanged
15	NEWMONT CORP COM NEM	NEM	32,500	$3.0m1.73%	1.73%	Unchanged
16	SCHLUMBERGER LTD COM STK SLB	SLB	61,000	$2.8m1.62%	1.62%	Added +45.0k	+45,000 281.2%
17	HARMONY BIOSCIENCES HLDGS IN COM HRMY	HRMY	73,000	$2.7m1.51%	1.51%	Unchanged
18	ROYALTY PHARMA PLC SHS CLASS A RPRX	RPRX	44,000	$2.5m1.41%	1.41%	Unchanged
19	ADVANCED MICRO DEVICES INC COM AMD	AMD	4,000	$2.3m1.32%	1.32%	Unchanged
20	NEWAMSTERDAM PHARMA COMPANY ORDINARY SHARES NAMS	NAMS	66,600	$2.3m1.29%	1.29%	Added +30.0k	+30,000 82.0%
21	SSR MINING IN COM SSRM	SSRM	75,000	$2.1m1.21%	1.21%	Unchanged
22	PARAMOUNT SKYDANCE CORP COM CL B SKYD	SKYD	208,863	$2.1m1.17%	1.17%	Unchanged
23	DOUGLAS ELLIMAN INC COM DOUG	DOUG	1,022,552	$1.8m1.03%	1.03%	Added +8.8k	+8,800 0.9%
24	ISHARES INC MSCI SINGPOR ETF EWS	EWS	60,000	$1.8m1.01%	1.01%	Unchanged
25	BIO RAD LABS INC CL A BIO	BIO	6,000	$1.8m1.00%	1.00%	Unchanged
26	FS KKR CAP CORP COM FSK	FSK	160,100	$1.7m0.96%	0.96%	Added +150.1k	+150,100 1501.0%
27	HALLIBURTON CO COM HAL	HAL	46,000	$1.6m0.89%	0.89%	Added +30.0k	+30,000 187.5%
28	BAIDU INC SPON ADR REP A BIDU	BIDU	13,000	$1.5m0.85%	0.85%	Unchanged
29	ISHARES TR MSCI PHILIPS ETF EPHE	EPHE	58,000	$1.4m0.80%	0.80%	Added +10.0k	+10,000 20.8%
30	SYNDAX PHARMACEUTICALS INC COM SNDX	SNDX	60,000	$1.3m0.75%	0.75%	Unchanged
31	YUM CHINA HLDGS INC COM YUMC	YUMC	30,000	$1.2m0.70%	0.70%	Unchanged
32	KINROSS GOLD CORP COM KGC	KGC	49,500	$1.2m0.67%	0.67%	Unchanged
33	TELEFONAKTIEBOLAGET LM ERICS ADR B SEK 10 ERIC	ERIC	97,500	$1.1m0.62%	0.62%	Added +52.5k	+52,500 116.7%
34	OCEANAGOLD CORP COM NEW OGC	OGC	40,200	$1.0m0.57%	0.57%	New
35	ORASURE TECHNOLOGIES INC COM OSUR	OSUR	219,033	$976.9k0.56%	0.56%	Unchanged
36	EQUINOX GOLD CORP COM EQX	EQX	100,000	$972.5k0.55%	0.55%	Unchanged
37	UBS GROUP AG SHS UBS	UBS	19,000	$941.5k0.54%	0.54%	Unchanged
38	NOKIA CORP SPONSORED ADR NOK	NOK	70,000	$929.6k0.53%	0.53%	Unchanged
39	BANCO BRADESCO S A SP ADR PFD NEW BBD	BBD	264,336	$917.2k0.52%	0.52%	Unchanged
40	REPLIMUNE GROUP INC COM REPL	REPL	80,400	$890.0k0.51%	0.51%	New
41	CELLEBRITE DI LTD ORDINARY SHARES CLBT	CLBT	60,000	$876.0k0.50%	0.50%	New
42	ICON PLC SHS ICLR	ICLR	5,000	$868.5k0.49%	0.49%	Unchanged
43	SANOFI SPONSORED ADR SNY	SNY	20,000	$853.2k0.49%	0.49%	Unchanged
44	BAKER HUGHES COMPANY CL A BKR	BKR	15,000	$832.5k0.47%	0.47%	Added +10.0k	+10,000 200.0%
45	DIVERSIFIED HEALTHCARE TR COM SH BEN INT DHC	DHC	85,000	$790.5k0.45%	0.45%	Unchanged
46	KODIAK GAS SVCS INC COM KGS	KGS	10,500	$788.9k0.45%	0.45%	Unchanged
47	LANTHEUS HLDGS INC COM LNTH	LNTH	7,100	$787.7k0.45%	0.45%	Unchanged
48	BIOGEN INC COM BIIB	BIIB	3,500	$756.2k0.43%	0.43%	Unchanged
49	KASPI KZ JSC SPONSORED ADS KSPI	KSPI	8,700	$753.8k0.43%	0.43%	Unchanged
50	ROYAL GOLD INC COM RGLD	RGLD	3,750	$748.5k0.43%	0.43%	Unchanged
51	RMR GROUP INC CL A RMR	RMR	35,500	$728.8k0.42%	0.42%	Unchanged
52	KBR INC COM KBR	KBR	20,000	$690.6k0.39%	0.39%	New
53	BLACKROCK INCOME TR INC COM NEW BKT	BKT	63,810	$684.0k0.39%	0.39%	Unchanged
54	ITAU UNIBANCO HLDG S A SPON ADR REP PFD ITUB	ITUB	82,400	$673.2k0.38%	0.38%	Unchanged
55	KYIVSTAR GROUP LTD ORD SHS KYIV	KYIV	40,692	$658.0k0.37%	0.37%	Unchanged
56	MERCK & CO INC COM MRK	MRK	5,000	$642.5k0.37%	0.37%	Unchanged
57	REZOLUTE INC COM NEW RZLT	RZLT	120,000	$624.0k0.36%	0.36%	Unchanged
58	STATE STR CORP COM STT	STT	3,500	$593.6k0.34%	0.34%	Unchanged
59	ARDELYX INC COM ARDX	ARDX	115,000	$586.5k0.33%	0.33%	Unchanged
60	TOLL BROTHERS INC COM TOL	TOL	3,500	$576.6k0.33%	0.33%	Unchanged
61	INTEL CORP COM INTC	INTC	4,000	$558.5k0.32%	0.32%	Reduced -96.0k	-96,000 -96.0%
62	INVESCO LTD SHS IVZ	IVZ	20,000	$527.8k0.30%	0.30%	Unchanged
63	AQUESTIVE THERAPEUTICS INC COM AQST	AQST	125,000	$520.0k0.30%	0.30%	Unchanged
64	MARRIOTT VACATIONS WORLDWIDE COM VAC	VAC	5,000	$509.4k0.29%	0.29%	New
65	SILVERCORP METALS INC COM SVM	SVM	50,000	$505.0k0.29%	0.29%	Unchanged
66	ATLAS ENERGY SOLUTIONS INC COM NEW AESI	AESI	30,000	$498.3k0.28%	0.28%	Unchanged
67	ENERFLEX LTD COM EFXT	EFXT	20,000	$490.2k0.28%	0.28%	New
68	PRECISION DRILLING CORP COM NEW PDS	PDS	6,000	$460.3k0.26%	0.26%	Unchanged
69	PAN AMERN SILVER CORP COM PAAS	PAAS	10,000	$447.9k0.26%	0.26%	Unchanged
70	ARIS MNG CORP COM ARIS	ARIS	30,000	$447.3k0.25%	0.25%	Unchanged
71	DYNE THERAPEUTICS INC COM DYN	DYN	20,000	$444.2k0.25%	0.25%	Unchanged
72	SEI INVTS CO COM SEIC	SEIC	5,000	$438.6k0.25%	0.25%	Unchanged
73	BANK NEW YORK MELLON CORP COM BNY	BNY	3,000	$433.8k0.25%	0.25%	Unchanged
74	COOPER STD HLDGS INC COM CPS	CPS	15,000	$405.8k0.23%	0.23%	Unchanged
75	COEUR MNG INC COM NEW CDE	CDE	24,795	$404.7k0.23%	0.23%	Unchanged
76	FRANKLIN RESOURCES INC COM BEN	BEN	12,000	$399.2k0.23%	0.23%	Unchanged
77	PATTERSON-UTI ENERGY INC COM PTEN	PTEN	40,000	$367.2k0.21%	0.21%	Unchanged
78	ARMOUR RESIDENTIAL REIT INC COM SHS ARR	ARR	20,000	$349.0k0.20%	0.20%	New
79	CHORD ENERGY CORPORATION COM NEW CHRD	CHRD	3,000	$342.9k0.20%	0.20%	Unchanged
80	ISHARES TR MSCI UAE ETF UAE	UAE	18,000	$342.2k0.19%	0.19%	Unchanged
81	KURA ONCOLOGY INC COM KURA	KURA	30,000	$329.1k0.19%	0.19%	Unchanged
82	ANGLOGOLD ASHANTI PLC COM SHS AU	AU	4,000	$323.6k0.18%	0.18%	Unchanged
83	DNOW INC COM DNOW	DNOW	24,500	$317.8k0.18%	0.18%	Unchanged
84	AGNICO EAGLE MINES LTD COM AEM	AEM	2,000	$310.3k0.18%	0.18%	Unchanged
85	PFIZER INC COM PFE	PFE	12,400	$298.6k0.17%	0.17%	Unchanged
86	MARA HOLDINGS INC COM MARA	MARA	20,000	$277.8k0.16%	0.16%	Unchanged
87	CRISPR THERAPEUTICS AG NAMEN AKT CRSP	CRSP	5,000	$272.7k0.16%	0.16%	Unchanged
88	IAMGOLD CORP COM IAG	IAG	16,800	$266.4k0.15%	0.15%	Unchanged
89	COGNIZANT TECHNOLOGY SOLUTIO CL A CTSH	CTSH	6,800	$263.4k0.15%	0.15%	Unchanged
90	FIRST AMERN FINL CORP COM FAF	FAF	3,700	$253.8k0.14%	0.14%	Unchanged
91	ISHARES INC MSCI THAILND ETF THD	THD	3,500	$253.1k0.14%	0.14%	New
92	CATALYST PHARMACEUTICALS INC COM CPRX	CPRX	8,000	$251.4k0.14%	0.14%	Unchanged
93	RE MAX HLDGS INC CL A RMAX	RMAX	25,000	$246.5k0.14%	0.14%	Unchanged
94	WEATHERFORD INTL PLC ORD SHS WFRD	WFRD	3,000	$244.5k0.14%	0.14%	New
95	PEBBLEBROOK HOTEL TR COM PEB	PEB	12,000	$232.9k0.13%	0.13%	Unchanged
96	SHELL PLC SPON ADS SHEL	SHEL	3,000	$232.6k0.13%	0.13%	Unchanged
97	JOHNSON OUTDOORS INC CL A JOUT	JOUT	5,000	$230.2k0.13%	0.13%	Unchanged
98	TYSON FOODS INC CL A TSN	TSN	4,000	$229.0k0.13%	0.13%	Unchanged
99	GENMAB A/S SPONSORED ADS GMAB	GMAB	8,000	$219.8k0.13%	0.13%	Unchanged
100	NOVO-NORDISK A S ADR NVO	NVO	4,500	$215.7k0.12%	0.12%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
ORGANON & CO OGN	OGN	328,100	$2.0m328.1k shares
SPHERE ENTERTAINMENT CO SPHR	SPHR	11,860	$1.4m11.9k shares
ESPERION THERAPEUTICS INC NE ESPR	ESPR	410,000	$1.1m410.0k shares
HEWLETT PACKARD ENTERPRISE C HPE	HPE	41,000	$976.2k41.0k shares
FONAR CORP FONR	FONR	14,796	$274.6k14.8k shares
UNIQURE NV QURE	QURE	9,810	$160.4k9.8k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
CARVANA CO CVNA · Call	CVNA	Call	605,000	$39.8m605.0k shares	Unchanged
TESLA INC TSLA · Call	TSLA	Call	43,500	$18.3m43.5k shares	Unchanged
INVESCO QQQ TR QQQ · Put	QQQ	Put	23,000	$16.9m23.0k shares	Added
PALANTIR TECHNOLOGIES INC PLTR · Call	PLTR	Call	50,500	$5.9m50.5k shares	Unchanged
INVESCO QQQ TR QQQ · Call	QQQ	Call	4,500	$3.3m4.5k shares	Unchanged
APPLOVIN CORP APP · Call	APP	Call	6,200	$3.2m6.2k shares	Unchanged
BROADCOM INC AVGO · Call	AVGO	Call	7,000	$2.6m7.0k shares	Unchanged
INVESCO EXCH TRADED FD TR II QQQM · Put	QQQM	Put	7,000	$2.1m7.0k shares	Added
OREILLY AUTOMOTIVE INC ORLY · Call	ORLY	Call	19,200	$1.8m19.2k shares	Unchanged
TOLL BROTHERS INC TOL · Put	TOL	Put	10,000	$1.6m10.0k shares	Unchanged
AUTOZONE INC AZO · Call	AZO	Call	500	$1.6m500 shares	Unchanged
SPDR S&P 500 ETF TR SPY · Put	SPY	Put	2,000	$1.5m2.0k shares	Reduced
VANECK ETF TRUST SMH · Put	SMH	Put	2,000	$1.3m2.0k shares	New
SALESFORCE INC CRM · Call	CRM	Call	8,000	$1.3m8.0k shares	Unchanged
VANECK ETF TRUST GDX · Put	GDX	Put	14,000	$1.1m14.0k shares	New
PALANTIR TECHNOLOGIES INC PLTR · Put	PLTR	Put	9,000	$1.1m9.0k shares	Unchanged
CARVANA CO CVNA · Put	CVNA	Put	15,000	$987.3k15.0k shares	Unchanged
ISHARES TR SOXX · Put	SOXX	Put	1,500	$961.1k1.5k shares	New
ORACLE CORP ORCL · Call	ORCL	Call	6,000	$879.3k6.0k shares	Unchanged
MCDONALDS CORP MCD · Call	MCD	Call	2,800	$756.9k2.8k shares	Unchanged
VERTIV HOLDINGS CO VRT · Call	VRT	Call	2,000	$669.6k2.0k shares	Unchanged
SAP SE SAP · Call	SAP	Call	4,000	$616.4k4.0k shares	Unchanged
SELECT SECTOR SPDR TR XLK · Put	XLK	Put	3,000	$571.6k3.0k shares	Unchanged
SUPER MICRO COMPUTER INC SMCI · Call	SMCI	Call	18,000	$527.9k18.0k shares	Unchanged
SHERWIN WILLIAMS CO SHW · Call	SHW	Call	1,400	$482.0k1.4k shares	Unchanged

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
MILESTONE PHARMACEUTICALS IN MIST · 13G · filed 2026-08-07	MIST	7.3%≈ $12.2m	new	13G	2026-08-07