Bourgeon Capital Management LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 17, 2025), Bourgeon Capital Management LLC reported 117 stock positions worth $526.4 million. Its top holding was JPMorgan Chase (JPM) at 5.7% of the portfolio, followed by Microsoft (MSFT, 4.4%) and Alphabet Class A (GOOGL, 4.0%). Compared with Q3 2024, it opened 24 new positions, sold out of 12, added to 35 and reduced 45. The biggest buy was a new position in Eqt (EQT) and the biggest sale Amgen (AMGN, shares −26%).
- Most Recent 13F
- Q2 2026
- Location
- Darien, CT
- CIK
- 0001088731
- Portfolio Value
- $526.4M (Q4 2024)
- SEC Filing
- 0001019056-25-000017 ↗ filed Jan 17, 2025
Holdings Value
Holdings 117 stocks · $526.4M
| JPM JPMorgan Chase & Co. | 5.72% | 125,520 | $30.1M | Reduce -1.7% |
| MSFT Microsoft Corp. | 4.39% | 54,848 | $23.1M | Add +3.9% |
| GOOGL Alphabet Inc. Class A | 4.04% | 112,393 | $21.3M | Add +0.1% |
| HON Honeywell International Inc. | 3.30% | 76,849 | $17.4M | Reduce -1.5% |
| AMZN Amazon.com Inc. | 2.86% | 68,717 | $15.1M | Reduce -0.4% |
| MRK Merck & Co. Inc. | 2.79% | 147,837 | $14.7M | Add +0.7% |
| ETN Eaton Corp. PLC | 2.77% | 43,909 | $14.6M | Reduce -0.6% |
| TEVA Teva Pharmaceutical-SP ADR | 2.76% | 659,955 | $14.5M | Reduce -0.5% |
| ACN Accenture PLC Class A | 2.75% | 41,169 | $14.5M | Reduce -0.5% |
| MRVL Marvell Technology Inc. | 2.67% | 127,098 | $14.0M | Reduce -1.7% |
| DHR Danaher Corp. | 2.62% | 60,178 | $13.8M | Add +7.4% |
| AAPL Apple Inc. | 2.58% | 54,152 | $13.6M | Reduce -0.5% |
| PNC PNC Financial Services Group | 2.45% | 66,855 | $12.9M | Reduce -0.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 2.33% | 279,276 | $12.3M | Reduce -1.9% |
| PWR Quanta Services Inc. | 2.28% | 37,918 | $12.0M | Reduce -1.4% |
| UNH Unitedhealth Group Inc. | 2.15% | 22,361 | $11.3M | Add +13.4% |
| PFE Pfizer Inc. | 2.11% | 418,658 | $11.1M | Add +610.4% |
| MDT Medtronic PLC | 2.09% | 137,535 | $11.0M | Reduce -1.4% |
| CSX CSX Corp. | 2.01% | 328,024 | $10.6M | Add +1.6% |
| MDLZ Mondelez International Inc. Class A | 1.97% | 173,960 | $10.4M | Reduce -0.8% |
| AMGN Amgen Inc. | 1.97% | 39,839 | $10.4M | Reduce -26.3% |
| RTX RTX Corp. | 1.90% | 86,299 | $10.0M | Reduce -0.9% |
| EQT Eqt Corp. | 1.82% | 208,251 | $9.6M | New |
| QCOM Qualcomm Inc. | 1.82% | 62,469 | $9.6M | Add +0.9% |
| CEG Constellation Energy | 1.82% | 42,787 | $9.6M | Add +0.6% |
| HUBB Hubbell Inc. | 1.78% | 22,347 | $9.4M | Reduce -0.5% |
| COP Conocophillips | 1.69% | 89,694 | $8.9M | Add +0.6% |
| TER Teradyne Inc. | 1.67% | 69,644 | $8.8M | Add +0.7% |
| FCX Freeport-McMoran Inc. | 1.42% | 195,708 | $7.5M | Add +0.4% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 1.37% | 187,586 | $7.2M | Reduce -0.9% |
| NEE Nextera Energy Inc. | 1.33% | 97,870 | $7.0M | Reduce -1.0% |
| XAR SS SPDR S&P Aerospace Def | 1.20% | 38,248 | $6.3M | Reduce -0.8% |
| GTLS Chart Industries Inc. | 1.20% | 33,188 | $6.3M | Reduce -2.1% |
| EPD Enterprise Products Partners | 1.16% | 194,424 | $6.1M | Reduce -0.6% |
| CTRA Coterra Energy Inc. | 1.15% | 236,952 | $6.1M | Add +107.0% |
| NVDA Nvidia Corp. | 1.14% | 44,532 | $6.0M | Add +21.5% |
| BLK BlackRock Inc. | 1.12% | 5,739 | $5.9M | Reduce -1.1% |
| PLD Prologis Inc. | 1.11% | 55,465 | $5.9M | Reduce -0.1% |
| SNOW Snowflake Inc. | 1.11% | 37,895 | $5.9M | New |
| MU Micron Technology Inc. | 1.08% | 67,512 | $5.7M | Reduce -34.1% |
| BKR Baker Hughes Co. | 1.01% | 129,037 | $5.3M | Reduce -0.3% |
| C Citigroup Inc. | 0.92% | 68,887 | $4.8M | Reduce -1.6% |
| ARE Alexandria Real Estate Equit | 0.88% | 47,424 | $4.6M | Reduce -10.1% |
| TTE Totalenergies SE -Spon ADR | 0.80% | 77,229 | $4.2M | Reduce -1.0% |
| ASML ASML Holding NV-NY Reg SHS | 0.66% | 5,010 | $3.5M | New |
| BRK.B Berkshire Hathaway Inc. Class B | 0.49% | 5,690 | $2.6M | Reduce -2.5% |
| GOOG Alphabet Inc. Class C | 0.45% | 12,308 | $2.3M | Add +0.1% |
| ADI Analog Devices Inc. | 0.41% | 10,059 | $2.1M | Reduce -1.5% |
| XOM Exxon Mobil Corp. | 0.39% | 18,966 | $2.0M | Reduce -4.3% |
| SONY Sony Group Corp. - SP ADR | 0.38% | 93,703 | $2.0M | Reduce -20.2% |
| BIV Vanguard Intermediate-Term B | 0.34% | 23,641 | $1.8M | Add +15.4% |
| CVX Chevron Corp. | 0.33% | 11,869 | $1.7M | Reduce -0.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.31% | 2,762 | $1.6M | Add +0.6% |
| VOO Vanguard S&P 500 ETF | 0.28% | 2,724 | $1.5M | Add +1.2% |
| AGG iShares Core U.S. Aggregate | 0.28% | 14,988 | $1.5M | Add +13.8% |
| ET Energy Transfer LP | 0.25% | 67,170 | $1.3M | Reduce -37.5% |
| NFLX Netflix Inc. | 0.23% | 1,335 | $1.2M | New |
| V Visa Inc. Class A | 0.22% | 3,605 | $1.1M | New |
| ASLE Aersale Corp. | 0.21% | 172,791 | $1.1M | Reduce -34.9% |
| LLY Eli Lilly & Co. | 0.21% | 1,399 | $1.1M | New |
| LMB Limbach Holdings Inc. | 0.20% | 12,223 | $1.0M | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.19% | 3,498 | $1.0M | No change |
| BX Blackstone Inc. | 0.17% | 5,104 | $880K | New |
| ADBE Adobe Inc. | 0.16% | 1,952 | $868K | New |
| SPGI S&P Global Inc. | 0.16% | 1,734 | $864K | New |
| IGRO iShares Intl Div Growth ETF | 0.15% | 11,692 | $795K | Add +8.6% |
| ABNB Airbnb Inc. Class A | 0.15% | 5,880 | $773K | New |
| JNJ Johnson & Johnson | 0.14% | 5,217 | $754K | Reduce -15.8% |
| CC The Chemours Co. | 0.14% | 44,000 | $744K | Reduce -12.4% |
| INTU Intuit Inc. | 0.14% | 1,146 | $720K | New |
| IESC Ies Holdings Inc. filed as IES HLDGS INC | 0.14% | 3,568 | $717K | Reduce -27.4% |
| ISRG Intuitive Surgical Inc. | 0.13% | 1,356 | $708K | New |
| SNPS Synopsys Inc. | 0.13% | 1,453 | $705K | New |
| LULU Lululemon Athletica Inc. | 0.13% | 1,781 | $681K | New |
| NOW ServiceNow Inc. | 0.13% | 640 | $678K | New |
| IWD iShares Russell 1000 Value E | 0.12% | 3,528 | $653K | No change |
| CPRT Copart Inc. | 0.12% | 10,951 | $628K | New |
| RIG Transocean Ltd. | 0.12% | 167,000 | $626K | Reduce -2.6% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.11% | 22,245 | $592K | Add +2.7% |
| CMG Chipotle Mexican Grill Inc. | 0.11% | 9,433 | $569K | New |
| MSCI MSCI Inc. | 0.11% | 948 | $569K | New |
| MTD Mettler-Toledo International | 0.11% | 459 | $562K | No change |
| IBB iShares Biotechnology ETF | 0.11% | 4,218 | $558K | Add +7.8% |
| VRTX Vertex Pharmaceuticals Inc. | 0.10% | 1,356 | $546K | New |
| IWF iShares Russell 1000 Growth | 0.10% | 1,350 | $542K | No change |
| FXI iShares China Large-Cap ETF | 0.10% | 17,761 | $541K | Add +4.2% |
| OIH Vaneck Oil Services ETF | 0.10% | 1,957 | $531K | Add +4.4% |
| DVYA iShares Asia/Pacific Dividen | 0.10% | 14,089 | $504K | Add +5.5% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.09% | 4,187 | $492K | New |
| EOG EOG Resources Inc. | 0.09% | 3,989 | $489K | Add +24.3% |
| EMGF iShares Emerging Markets Equ | 0.09% | 10,510 | $475K | Add +6.1% |
| AMD Advanced Micro Devices | 0.09% | 3,739 | $452K | Reduce -70.6% |
| SBUX Starbucks Corp. | 0.09% | 4,934 | $450K | No change |
| COST Costco Wholesale Corp. | 0.08% | 475 | $435K | Add +1.9% |
| GRID First TRST Nasd Class Edg Sgiif | 0.08% | 3,627 | $433K | Add +7.0% |
| BA The Boeing Co. | 0.08% | 2,390 | $423K | New |
| IGIB iShares 5-10Y Inv Grade Corp. | 0.08% | 7,974 | $411K | Add +27.5% |
| IWP iShares Russell Mid-Cap Grow | 0.08% | 3,151 | $399K | No change |
| IEFA iShares Core MSCI Eafe ETF | 0.07% | 5,251 | $369K | No change |
| IWY iShares Russell Top 200 Grow | 0.07% | 1,527 | $359K | Add +0.1% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $9.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 149,475 | $9.1M | New |
Total filed on the 13F, all lines: $535.5M.
Portfolio Sells Q3 2024 → Q4 2024
| AMGN Amgen Inc. | Reduce -26.3% | 1.97% | −1.38 |
| OGN Organon & Co. | Sold out | 0.00% | −1.30 |
| GILD Gilead Sciences Inc. | Sold out | 0.00% | −1.26 |
| DIS The Walt Disney Co. | Sold out | 0.00% | −1.08 |
| MU Micron Technology Inc. | Reduce -34.1% | 1.08% | −0.97 |
| APTV Aptiv Irish Holdings Ltd. | Sold out | 0.00% | −0.92 |
| MDLZ Mondelez International Inc. Class A | Reduce -0.8% | 1.97% | −0.51 |
| KMI Kinder Morgan Inc. | Sold out | 0.00% | −0.35 |
| MDT Medtronic PLC | Reduce -1.4% | 2.09% | −0.33 |
| ARE Alexandria Real Estate Equit | Reduce -10.1% | 0.88% | −0.33 |
| AMD Advanced Micro Devices | Reduce -70.6% | 0.09% | −0.32 |
| NEE Nextera Energy Inc. | Reduce -1.0% | 1.33% | −0.27 |
| PLD Prologis Inc. | Reduce -0.1% | 1.11% | −0.24 |
| TTE Totalenergies SE -Spon ADR | Reduce -1.0% | 0.80% | −0.17 |
| SLB SLB Ltd. | Reduce -0.9% | 1.37% | −0.16 |
| RTX RTX Corp. | Reduce -0.9% | 1.90% | −0.13 |
| HAL Halliburton Co. | Sold out | 0.00% | −0.13 |
| CLOV Clover Health Investments Co. | Sold out | 0.00% | −0.09 |
| ET Energy Transfer LP | Reduce -37.5% | 0.25% | −0.08 |
| MOS The Mosaic Co. | Sold out | 0.00% | −0.08 |
| XLF SS Financial Select Sector | Sold out | 0.00% | −0.08 |
| HUBB Hubbell Inc. | Reduce -0.5% | 1.78% | −0.07 |
| ACN Accenture PLC Class A | Reduce -0.5% | 2.75% | −0.06 |
| SONY Sony Group Corp. - SP ADR | Reduce -20.2% | 0.38% | −0.06 |
| XOM Exxon Mobil Corp. | Reduce -4.3% | 0.39% | −0.06 |
| CC The Chemours Co. | Reduce -12.4% | 0.14% | −0.06 |
| IESC Ies Holdings Inc. | Reduce -27.4% | 0.14% | −0.05 |
| ASLE Aersale Corp. | Reduce -34.9% | 0.21% | −0.05 |
| JNJ Johnson & Johnson | Reduce -15.8% | 0.14% | −0.05 |
| ETN Eaton Corp. PLC | Reduce -0.6% | 2.77% | −0.05 |
| ADI Analog Devices Inc. | Reduce -1.5% | 0.41% | −0.05 |
| PROSHARES TR | Sold out | 0.00% | −0.04 |
| KO The Coca-Cola Co. | Sold out | 0.00% | −0.04 |
| WPC WP Carey Inc. | Sold out | 0.00% | −0.04 |
| ALLO Allogene Therapeutics Inc. | Reduce -16.8% | 0.05% | −0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -2.5% | 0.49% | −0.03 |
| RIG Transocean Ltd. | Reduce -2.6% | 0.12% | −0.02 |
| HD Home Depot Inc. | Reduce -19.4% | 0.06% | −0.02 |
| CVX Chevron Corp. | Reduce -0.6% | 0.33% | −0.01 |
| AX Axos Financial Inc. | Reduce -20.0% | 0.04% | −0.01 |
| XBI SS SPDR S&P Biotech ETF | Reduce -0.5% | 0.05% | −0.01 |
| ETNB 89BIO Inc. | Reduce -8.5% | 0.04% | −0.00 |
| XAR SS SPDR S&P Aerospace Def | Reduce -0.8% | 1.20% | +0.04 |
| BLK BlackRock Inc. | Reduce -1.1% | 1.12% | +0.06 |
| PNC PNC Financial Services Group | Reduce -0.5% | 2.45% | +0.06 |
| EPD Enterprise Products Partners | Reduce -0.6% | 1.16% | +0.06 |
| PWR Quanta Services Inc. | Reduce -1.4% | 2.28% | +0.07 |
| C Citigroup Inc. | Reduce -1.6% | 0.92% | +0.08 |
| BKR Baker Hughes Co. | Reduce -0.3% | 1.01% | +0.10 |
| AAPL Apple Inc. | Reduce -0.5% | 2.58% | +0.14 |
Portfolio Buys Q3 2024 → Q4 2024
| EQT Eqt Corp. | New | 1.82% | +1.82 |
| PFE Pfizer Inc. | Add +610.4% | 2.11% | +1.78 |
| SNOW Snowflake Inc. | New | 1.11% | +1.11 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.66% | +0.66 |
| CTRA Coterra Energy Inc. | Add +107.0% | 1.15% | +0.62 |
| GOOGL Alphabet Inc. Class A | Add +0.1% | 4.04% | +0.46 |
| NVDA Nvidia Corp. | Add +21.5% | 1.14% | +0.28 |
| NFLX Netflix Inc. | New | 0.23% | +0.23 |
| V Visa Inc. Class A | New | 0.22% | +0.22 |
| LLY Eli Lilly & Co. | New | 0.21% | +0.21 |
| BX Blackstone Inc. | New | 0.17% | +0.17 |
| ADBE Adobe Inc. | New | 0.16% | +0.16 |
| SPGI S&P Global Inc. | New | 0.16% | +0.16 |
| ABNB Airbnb Inc. Class A | New | 0.15% | +0.15 |
| INTU Intuit Inc. | New | 0.14% | +0.14 |
| ISRG Intuitive Surgical Inc. | New | 0.13% | +0.13 |
| SNPS Synopsys Inc. | New | 0.13% | +0.13 |
| LULU Lululemon Athletica Inc. | New | 0.13% | +0.13 |
| NOW ServiceNow Inc. | New | 0.13% | +0.13 |
| CPRT Copart Inc. | New | 0.12% | +0.12 |
| CMG Chipotle Mexican Grill Inc. | New | 0.11% | +0.11 |
| MSCI MSCI Inc. | New | 0.11% | +0.11 |
| VRTX Vertex Pharmaceuticals Inc. | New | 0.10% | +0.10 |
| TTD Trade Desk Inc./the Class A | New | 0.09% | +0.09 |
| BA The Boeing Co. | New | 0.08% | +0.08 |
| GOOG Alphabet Inc. Class C | Add +0.1% | 0.45% | +0.05 |
| EW Edwards Lifesciences Corp. | New | 0.04% | +0.04 |
| HACK Amplify Cybersecurity ETF | New | 0.04% | +0.04 |
| TGT Target Corp. | New | 0.04% | +0.04 |
| BIV Vanguard Intermediate-Term B | Add +15.4% | 0.34% | +0.03 |
| MSFT Microsoft Corp. | Add +3.9% | 4.39% | +0.02 |
| AGG iShares Core U.S. Aggregate | Add +13.8% | 0.28% | +0.02 |
| EOG EOG Resources Inc. | Add +24.3% | 0.09% | +0.02 |
| IAU iShares Gold Trust | Add +30.9% | 0.06% | +0.01 |
| IGIB iShares 5-10Y Inv Grade Corp. | Add +27.5% | 0.08% | +0.01 |
| WMT Walmart Inc. | Add +2.3% | 0.06% | +0.01 |
| VOO Vanguard S&P 500 ETF | Add +1.2% | 0.28% | +0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.6% | 0.31% | +0.00 |
| IWY iShares Russell Top 200 Grow | Add +0.1% | 0.07% | +0.00 |
| COST Costco Wholesale Corp. | Add +1.9% | 0.08% | +0.00 |
| GRID First TRST Nasd Class Edg Sgiif | Add +7.0% | 0.08% | −0.00 |
| OIH Vaneck Oil Services ETF | Add +4.4% | 0.10% | −0.00 |
| FXI iShares China Large-Cap ETF | Add +4.2% | 0.10% | −0.00 |
| DVYA iShares Asia/Pacific Dividen | Add +5.5% | 0.10% | −0.00 |
| IGRO iShares Intl Div Growth ETF | Add +8.6% | 0.15% | −0.00 |
| IBB iShares Biotechnology ETF | Add +7.8% | 0.11% | −0.00 |
| EMGF iShares Emerging Markets Equ | Add +6.1% | 0.09% | −0.00 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Add +2.7% | 0.11% | −0.01 |
| ZTS Zoetis Inc. | Add +2.8% | 0.06% | −0.01 |
| TECK Teck Resources Ltd.-CLS B | Add +7.7% | 0.05% | −0.01 |
Notes & Other Activity Q3 2024 → Q4 2024
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | New | 149,475 | $9.1M |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 101 | $659.4M | GOOGL, LLY, JPM, MRVL, HUBB |
| Q1 2026 | 104 | $563.4M | GOOGL, JPM, LLY, MRK, HUBB |
| Q4 2025 | 120 | $603.0M | GOOGL, JPM, LLY, MSFT, TEVA |
| Q3 2025 | 106 | $539.8M | GOOGL, JPM, MSFT, LLY, ETN |
| Q2 2025 | 106 | $496.5M | JPM, GOOGL, MSFT, ETN, AMZN |
| Q1 2025 | 104 | $455.6M | JPM, GOOGL, MSFT, MRK, AMZN |
| Q4 2024 | 117 | $526.4M | JPM, MSFT, GOOGL, HON, AMZN |
| Q3 2024 | 105 | $519.8M | JPM, MSFT, GOOGL, AMGN, MRK |
| Q2 2024 | 109 | $510.3M | JPM, MSFT, GOOGL, MRK, AMGN |
| Q1 2024 | 112 | $511.1M | JPM, MSFT, MRK, GOOGL, HON |