Bourgeon Capital Management LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 9, 2025), Bourgeon Capital Management LLC reported 104 stock positions worth $455.6 million. Its top holding was JPMorgan Chase (JPM) at 5.1% of the portfolio, followed by Alphabet Class A (GOOGL, 4.1%) and Microsoft (MSFT, 3.6%). Compared with Q4 2024, it opened 9 new positions, sold out of 22, added to 30 and reduced 52. The biggest buy was a new position in Curtiss-Wright (CW) and the biggest sale an exit from Honeywell International (HON).
- Most Recent 13F
- Q2 2026
- Location
- Darien, CT
- CIK
- 0001088731
- Portfolio Value
- $455.6M (Q1 2025)
- SEC Filing
- 0001019056-25-000163 ↗ filed Apr 9, 2025
Holdings Value
Holdings 104 stocks · $455.6M
| JPM JPMorgan Chase & Co. | 5.09% | 94,549 | $23.2M | Reduce -24.7% |
| GOOGL Alphabet Inc. Class A | 4.14% | 121,820 | $18.8M | Add +8.4% |
| MSFT Microsoft Corp. | 3.60% | 43,654 | $16.4M | Reduce -20.4% |
| MRK Merck & Co. Inc. | 2.96% | 150,158 | $13.5M | Add +1.6% |
| AMZN Amazon.com Inc. | 2.84% | 68,018 | $12.9M | Reduce -1.0% |
| AMGN Amgen Inc. | 2.71% | 39,674 | $12.4M | Reduce -0.4% |
| AAPL Apple Inc. | 2.64% | 54,149 | $12.0M | Reduce -0.0% |
| DHR Danaher Corp. | 2.63% | 58,459 | $12.0M | Reduce -2.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 2.62% | 286,534 | $12.0M | Add +2.6% |
| ETN Eaton Corp. PLC | 2.61% | 43,710 | $11.9M | Reduce -0.5% |
| FCX Freeport-McMoran Inc. | 2.55% | 306,746 | $11.6M | Add +56.7% |
| UNH Unitedhealth Group Inc. | 2.54% | 22,106 | $11.6M | Reduce -1.1% |
| MDLZ Mondelez International Inc. Class A | 2.53% | 169,719 | $11.5M | Reduce -2.4% |
| PNC PNC Financial Services Group | 2.52% | 65,418 | $11.5M | Reduce -2.1% |
| RTX RTX Corp. | 2.49% | 85,684 | $11.3M | Reduce -0.7% |
| EQT Eqt Corp. | 2.42% | 206,016 | $11.0M | Reduce -1.1% |
| PFE Pfizer Inc. | 2.30% | 413,694 | $10.5M | Reduce -1.2% |
| MRVL Marvell Technology Inc. | 2.25% | 166,183 | $10.2M | Add +30.8% |
| CSX CSX Corp. | 2.14% | 331,344 | $9.8M | Add +1.0% |
| PWR Quanta Services Inc. | 2.11% | 37,869 | $9.6M | Reduce -0.1% |
| QCOM Qualcomm Inc. | 2.08% | 61,599 | $9.5M | Reduce -1.4% |
| COP Conocophillips | 2.04% | 88,324 | $9.3M | Reduce -1.5% |
| MU Micron Technology Inc. | 1.98% | 103,971 | $9.0M | Add +54.0% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 1.69% | 184,496 | $7.7M | Reduce -1.6% |
| CW Curtiss-Wright Corp. | 1.68% | 24,192 | $7.7M | New |
| HUBB Hubbell Inc. | 1.61% | 22,184 | $7.3M | Reduce -0.7% |
| ACN Accenture PLC Class A | 1.57% | 22,875 | $7.1M | Reduce -44.4% |
| MDB Mongodb Inc. | 1.54% | 40,060 | $7.0M | New |
| CTRA Coterra Energy Inc. | 1.48% | 233,638 | $6.8M | Reduce -1.4% |
| ADBE Adobe Inc. | 1.47% | 17,504 | $6.7M | Add +796.7% |
| EPD Enterprise Products Partners | 1.45% | 193,554 | $6.6M | Reduce -0.5% |
| ILMN Illumina Inc. | 1.40% | 80,428 | $6.4M | New |
| XAR SS SPDR S&P Aerospace Def | 1.34% | 37,953 | $6.1M | Reduce -0.8% |
| PLD Prologis Inc. | 1.33% | 54,279 | $6.1M | Reduce -2.1% |
| AA Alcoa Corp. | 1.26% | 187,534 | $5.7M | New |
| TEVA Teva Pharmaceutical-SP ADR | 1.22% | 360,722 | $5.5M | Reduce -45.3% |
| SNOW Snowflake Inc. | 1.22% | 37,923 | $5.5M | Add +0.1% |
| BLK BlackRock Inc. | 1.17% | 5,616 | $5.3M | Reduce -2.1% |
| CEG Constellation Energy | 1.16% | 26,193 | $5.3M | Reduce -38.8% |
| TTE Totalenergies SE -Spon ADR | 1.09% | 76,843 | $5.0M | Reduce -0.5% |
| C Citigroup Inc. | 1.06% | 67,912 | $4.8M | Reduce -1.4% |
| ARE Alexandria Real Estate Equit | 0.92% | 45,381 | $4.2M | Reduce -4.3% |
| NEE Nextera Energy Inc. | 0.75% | 48,453 | $3.4M | Reduce -50.5% |
| NVDA Nvidia Corp. | 0.69% | 29,037 | $3.1M | Reduce -34.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.64% | 5,479 | $2.9M | Reduce -3.7% |
| ASML ASML Holding NV-NY Reg SHS | 0.62% | 4,265 | $2.8M | Reduce -14.9% |
| TER Teradyne Inc. | 0.59% | 32,271 | $2.7M | Reduce -53.7% |
| GBIL Goldman Sachs Access Treasur | 0.53% | 24,177 | $2.4M | New |
| ADI Analog Devices Inc. | 0.53% | 11,859 | $2.4M | Add +17.9% |
| XOM Exxon Mobil Corp. | 0.50% | 19,076 | $2.3M | Add +0.6% |
| CVX Chevron Corp. | 0.47% | 12,744 | $2.1M | Add +7.4% |
| BIV Vanguard Intermediate-Term B | 0.43% | 25,291 | $1.9M | Add +7.0% |
| GOOG Alphabet Inc. Class C | 0.42% | 12,226 | $1.9M | Reduce -0.7% |
| AGG iShares Core U.S. Aggregate | 0.33% | 15,067 | $1.5M | Add +0.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.32% | 2,631 | $1.5M | Reduce -4.7% |
| VOO Vanguard S&P 500 ETF | 0.31% | 2,739 | $1.4M | Add +0.6% |
| V Visa Inc. Class A | 0.26% | 3,439 | $1.2M | Reduce -4.6% |
| EOG EOG Resources Inc. | 0.26% | 9,223 | $1.2M | Add +131.2% |
| NFLX Netflix Inc. | 0.20% | 979 | $913K | Reduce -26.7% |
| JNJ Johnson & Johnson | 0.19% | 5,241 | $869K | Add +0.5% |
| VTI VG Morningstar TS MKT ETF-US | 0.19% | 3,153 | $867K | Reduce -9.9% |
| IGRO iShares Intl Div Growth ETF | 0.19% | 11,892 | $861K | Add +1.7% |
| LMB Limbach Holdings Inc. | 0.18% | 11,023 | $821K | Reduce -9.8% |
| INTU Intuit Inc. | 0.17% | 1,268 | $779K | Add +10.7% |
| LLY Eli Lilly & Co. | 0.17% | 912 | $753K | Reduce -34.8% |
| SONY Sony Group Corp. - SP ADR | 0.15% | 26,553 | $674K | Reduce -71.7% |
| IWD iShares Russell 1000 Value E | 0.15% | 3,528 | $664K | No change |
| VRTX Vertex Pharmaceuticals Inc. | 0.15% | 1,367 | $663K | Add +0.8% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.14% | 23,932 | $660K | Add +7.6% |
| ISRG Intuitive Surgical Inc. | 0.14% | 1,311 | $649K | Reduce -3.3% |
| SPGI S&P Global Inc. | 0.13% | 1,199 | $609K | Reduce -30.9% |
| IESC Ies Holdings Inc. filed as IES HLDGS INC | 0.13% | 3,568 | $589K | No change |
| IBB iShares Biotechnology ETF | 0.12% | 4,424 | $566K | Add +4.9% |
| MTD Mettler-Toledo International | 0.12% | 459 | $542K | No change |
| OIH Vaneck Oil Services ETF | 0.12% | 2,024 | $531K | Add +3.4% |
| DVYA iShares Asia/Pacific Dividen | 0.12% | 14,845 | $530K | Add +5.4% |
| RIG Transocean Ltd. | 0.12% | 167,000 | $529K | No change |
| IGIB iShares 5-10Y Inv Grade Corp. | 0.11% | 9,855 | $518K | Add +23.6% |
| EMGF iShares Emerging Markets Equ | 0.11% | 10,680 | $500K | Add +1.6% |
| IWF iShares Russell 1000 Growth | 0.11% | 1,350 | $487K | No change |
| SBUX Starbucks Corp. | 0.11% | 4,953 | $486K | Add +0.4% |
| CC The Chemours Co. | 0.10% | 34,000 | $460K | Reduce -22.7% |
| COST Costco Wholesale Corp. | 0.10% | 470 | $445K | Reduce -1.1% |
| MCHP Microchip Technology Inc. | 0.09% | 8,707 | $422K | New |
| IEFA iShares Core MSCI Eafe ETF | 0.09% | 5,251 | $397K | No change |
| GRID First TRST Nasd Class Edg Sgiif | 0.09% | 3,502 | $396K | Reduce -3.5% |
| IAU iShares Gold Trust | 0.08% | 6,346 | $374K | No change |
| TDG Transdigm Group Inc. | 0.08% | 270 | $373K | New |
| IWP iShares Russell Mid-Cap Grow | 0.08% | 3,151 | $370K | No change |
| NOW ServiceNow Inc. | 0.08% | 459 | $365K | Reduce -28.3% |
| USMV iShares MSCI USA Min Vol Fac | 0.08% | 3,900 | $365K | No change |
| AWK American Water Works Co. Inc. | 0.07% | 2,222 | $328K | No change |
| IWY iShares Russell Top 200 Grow | 0.07% | 1,529 | $322K | Add +0.1% |
| ZTS Zoetis Inc. | 0.07% | 1,885 | $310K | Reduce -2.3% |
| NXPI NXP Semiconductors NV | 0.06% | 1,518 | $289K | New |
| HD Home Depot Inc. | 0.06% | 764 | $280K | Add +1.9% |
| ASLE Aersale Corp. | 0.06% | 37,091 | $278K | Reduce -78.5% |
| GE General Electric filed as GE AEROSPACE | 0.06% | 1,301 | $260K | No change |
| XBI SS SPDR S&P Biotech ETF | 0.05% | 2,822 | $229K | Add +6.1% |
| WMT Walmart Inc. | 0.05% | 2,512 | $221K | Reduce -24.6% |
| EW Edwards Lifesciences Corp. | 0.05% | 3,018 | $219K | Reduce -4.2% |
| WPC WP Carey Inc. | 0.05% | 3,300 | $208K | New |
| AX Axos Financial Inc. | 0.05% | 3,200 | $206K | No change |
| HACK Amplify Cybersecurity ETF | 0.04% | 2,804 | $201K | No change |
Other holdings (1): bonds, preferreds, convertibles and warrants · $9.0M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 149,949 | $9.0M | Add +0.3% |
Total filed on the 13F, all lines: $464.5M.
Portfolio Sells Q4 2024 → Q1 2025
| HON Honeywell International Inc. | Sold out | 0.00% | −3.30 |
| MDT Medtronic PLC | Sold out | 0.00% | −2.09 |
| TEVA Teva Pharmaceutical-SP ADR | Reduce -45.3% | 1.22% | −1.55 |
| GTLS Chart Industries Inc. | Sold out | 0.00% | −1.20 |
| ACN Accenture PLC Class A | Reduce -44.4% | 1.57% | −1.18 |
| TER Teradyne Inc. | Reduce -53.7% | 0.59% | −1.08 |
| BKR Baker Hughes Co. | Sold out | 0.00% | −1.01 |
| MSFT Microsoft Corp. | Reduce -20.4% | 3.60% | −0.79 |
| CEG Constellation Energy | Reduce -38.8% | 1.16% | −0.66 |
| JPM JPMorgan Chase & Co. | Reduce -24.7% | 5.09% | −0.62 |
| NEE Nextera Energy Inc. | Reduce -50.5% | 0.75% | −0.58 |
| NVDA Nvidia Corp. | Reduce -34.8% | 0.69% | −0.45 |
| ET Energy Transfer LP | Sold out | 0.00% | −0.25 |
| SONY Sony Group Corp. - SP ADR | Reduce -71.7% | 0.15% | −0.23 |
| BX Blackstone Inc. | Sold out | 0.00% | −0.17 |
| HUBB Hubbell Inc. | Reduce -0.7% | 1.61% | −0.17 |
| PWR Quanta Services Inc. | Reduce -0.1% | 2.11% | −0.16 |
| ETN Eaton Corp. PLC | Reduce -0.5% | 2.61% | −0.16 |
| ABNB Airbnb Inc. Class A | Sold out | 0.00% | −0.15 |
| ASLE Aersale Corp. | Reduce -78.5% | 0.06% | −0.15 |
| SNPS Synopsys Inc. | Sold out | 0.00% | −0.13 |
| LULU Lululemon Athletica Inc. | Sold out | 0.00% | −0.13 |
| CPRT Copart Inc. | Sold out | 0.00% | −0.12 |
| CMG Chipotle Mexican Grill Inc. | Sold out | 0.00% | −0.11 |
| MSCI MSCI Inc. | Sold out | 0.00% | −0.11 |
| FXI iShares China Large-Cap ETF | Sold out | 0.00% | −0.10 |
| TTD Trade Desk Inc./the Class A | Sold out | 0.00% | −0.09 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −0.09 |
| BA The Boeing Co. | Sold out | 0.00% | −0.08 |
| TECK Teck Resources Ltd.-CLS B | Sold out | 0.00% | −0.05 |
| KTOS Kratos Defense & Security | Sold out | 0.00% | −0.05 |
| NOW ServiceNow Inc. | Reduce -28.3% | 0.08% | −0.05 |
| ALLO Allogene Therapeutics Inc. | Sold out | 0.00% | −0.05 |
| ETNB 89BIO Inc. | Sold out | 0.00% | −0.04 |
| DLR Digital Realty Trust Inc. | Sold out | 0.00% | −0.04 |
| CC The Chemours Co. | Reduce -22.7% | 0.10% | −0.04 |
| LLY Eli Lilly & Co. | Reduce -34.8% | 0.17% | −0.04 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -14.9% | 0.62% | −0.04 |
| TGT Target Corp. | Sold out | 0.00% | −0.04 |
| SPGI S&P Global Inc. | Reduce -30.9% | 0.13% | −0.03 |
| GOOG Alphabet Inc. Class C | Reduce -0.7% | 0.42% | −0.03 |
| NFLX Netflix Inc. | Reduce -26.7% | 0.20% | −0.03 |
| AMZN Amazon.com Inc. | Reduce -1.0% | 2.84% | −0.02 |
| LMB Limbach Holdings Inc. | Reduce -9.8% | 0.18% | −0.02 |
| WMT Walmart Inc. | Reduce -24.6% | 0.05% | −0.01 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -9.9% | 0.19% | −0.00 |
| EW Edwards Lifesciences Corp. | Reduce -4.2% | 0.05% | +0.00 |
| GRID First TRST Nasd Class Edg Sgiif | Reduce -3.5% | 0.09% | +0.00 |
| DHR Danaher Corp. | Reduce -2.9% | 2.63% | +0.01 |
| ISRG Intuitive Surgical Inc. | Reduce -3.3% | 0.14% | +0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| CW Curtiss-Wright Corp. | New | 1.68% | +1.68 |
| MDB Mongodb Inc. | New | 1.54% | +1.54 |
| ILMN Illumina Inc. | New | 1.40% | +1.40 |
| ADBE Adobe Inc. | Add +796.7% | 1.47% | +1.31 |
| AA Alcoa Corp. | New | 1.26% | +1.26 |
| FCX Freeport-McMoran Inc. | Add +56.7% | 2.55% | +1.13 |
| MU Micron Technology Inc. | Add +54.0% | 1.98% | +0.90 |
| GBIL Goldman Sachs Access Treasur | New | 0.53% | +0.53 |
| BAC Bank of America Corp. | Add +2.6% | 2.62% | +0.29 |
| EOG EOG Resources Inc. | Add +131.2% | 0.26% | +0.17 |
| MRK Merck & Co. Inc. | Add +1.6% | 2.96% | +0.16 |
| CVX Chevron Corp. | Add +7.4% | 0.47% | +0.14 |
| CSX CSX Corp. | Add +1.0% | 2.14% | +0.13 |
| ADI Analog Devices Inc. | Add +17.9% | 0.53% | +0.12 |
| XOM Exxon Mobil Corp. | Add +0.6% | 0.50% | +0.11 |
| SNOW Snowflake Inc. | Add +0.1% | 1.22% | +0.11 |
| GOOGL Alphabet Inc. Class A | Add +8.4% | 4.14% | +0.09 |
| MCHP Microchip Technology Inc. | New | 0.09% | +0.09 |
| BIV Vanguard Intermediate-Term B | Add +7.0% | 0.43% | +0.09 |
| TDG Transdigm Group Inc. | New | 0.08% | +0.08 |
| NXPI NXP Semiconductors NV | New | 0.06% | +0.06 |
| AGG iShares Core U.S. Aggregate | Add +0.5% | 0.33% | +0.05 |
| JNJ Johnson & Johnson | Add +0.5% | 0.19% | +0.05 |
| WPC WP Carey Inc. | New | 0.05% | +0.05 |
| VRTX Vertex Pharmaceuticals Inc. | Add +0.8% | 0.15% | +0.04 |
| IGRO iShares Intl Div Growth ETF | Add +1.7% | 0.19% | +0.04 |
| IGIB iShares 5-10Y Inv Grade Corp. | Add +23.6% | 0.11% | +0.04 |
| INTU Intuit Inc. | Add +10.7% | 0.17% | +0.03 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Add +7.6% | 0.14% | +0.03 |
| VOO Vanguard S&P 500 ETF | Add +0.6% | 0.31% | +0.03 |
| SBUX Starbucks Corp. | Add +0.4% | 0.11% | +0.02 |
| DVYA iShares Asia/Pacific Dividen | Add +5.4% | 0.12% | +0.02 |
| EMGF iShares Emerging Markets Equ | Add +1.6% | 0.11% | +0.02 |
| IBB iShares Biotechnology ETF | Add +4.9% | 0.12% | +0.02 |
| OIH Vaneck Oil Services ETF | Add +3.4% | 0.12% | +0.02 |
| HD Home Depot Inc. | Add +1.9% | 0.06% | +0.01 |
| XBI SS SPDR S&P Biotech ETF | Add +6.1% | 0.05% | +0.00 |
| IWY iShares Russell Top 200 Grow | Add +0.1% | 0.07% | +0.00 |
| MRVL Marvell Technology Inc. | Add +30.8% | 2.25% | −0.42 |
Notes & Other Activity Q4 2024 → Q1 2025
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | Add +0.3% | 149,949 | $9.0M |
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 |