Bourgeon Capital Management LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 22, 2026), Bourgeon Capital Management LLC reported 101 stock positions worth $659.4 million. Its top holding was Alphabet Class A (GOOGL) at 5.5% of the portfolio, followed by Eli Lilly (LLY, 4.4%) and JPMorgan Chase (JPM, 4.4%). Compared with Q1 2026, it opened 15 new positions, sold out of 18, added to 32 and reduced 41. The biggest buy was a new position in Ecolab (ECL) and the biggest sale Illumina (ILMN, shares −75%).
- Most Recent 13F
- Q2 2026
- Location
- Darien, CT
- CIK
- 0001088731
- Portfolio Value
- $659.4M (Q2 2026)
- SEC Filing
- 0001019056-26-000113 ↗ filed Jul 22, 2026
Holdings Value
Holdings 101 stocks · $659.4M
| GOOGL Alphabet Inc. Class A | 5.45% | 100,601 | $36.0M | Reduce -8.2% |
| LLY Eli Lilly & Co. | 4.44% | 24,426 | $29.3M | Add +4.8% |
| JPM JPMorgan Chase & Co. | 4.40% | 88,712 | $29.0M | Reduce -6.5% |
| MRVL Marvell Technology Inc. | 3.75% | 83,069 | $24.7M | Reduce -52.9% |
| HUBB Hubbell Inc. | 3.41% | 42,939 | $22.5M | Add +8.0% |
| MRK Merck & Co. Inc. | 3.19% | 163,890 | $21.1M | Add +0.6% |
| ECL Ecolab Inc. | 3.14% | 74,388 | $20.7M | New |
| ETN Eaton Corp. PLC | 3.13% | 48,507 | $20.7M | Add +2.7% |
| OKTA Okta Inc. | 3.12% | 150,598 | $20.5M | Add +0.8% |
| MSFT Microsoft Corp. | 2.83% | 49,944 | $18.6M | Reduce -1.5% |
| ENPH Enphase Energy Inc. | 2.81% | 376,929 | $18.6M | Add +67.1% |
| C Citigroup Inc. | 2.74% | 129,197 | $18.1M | Reduce -2.7% |
| BAC Bank of America Corp. | 2.62% | 302,936 | $17.3M | Add +2.5% |
| RTX RTX Corp. | 2.59% | 90,089 | $17.1M | Add +4.3% |
| AMZN Amazon.com Inc. | 2.51% | 69,565 | $16.6M | Reduce -4.0% |
| UNP Union Pacific Corp. | 2.51% | 60,935 | $16.6M | Add +0.7% |
| XYZ Block Inc. | 2.47% | 214,413 | $16.3M | Reduce -2.3% |
| AAPL Apple Inc. | 2.20% | 50,069 | $14.5M | Reduce -6.5% |
| VST Vistra Corp. | 2.18% | 90,628 | $14.4M | Add +0.6% |
| MDLZ Mondelez International Inc. Class A | 2.15% | 244,600 | $14.1M | Reduce -5.4% |
| BSX Boston Scientific Corp. | 2.08% | 322,069 | $13.7M | New |
| QCOM Qualcomm Inc. | 2.07% | 74,009 | $13.7M | Add +10.5% |
| DHR Danaher Corp. | 1.92% | 66,332 | $12.6M | Add +3.2% |
| PPG PPG Industries Inc. | 1.74% | 94,505 | $11.5M | Add +9.8% |
| FCX Freeport-McMoran Inc. | 1.73% | 180,941 | $11.4M | Reduce -3.3% |
| CNS Cohen & Steers Inc. | 1.68% | 145,375 | $11.1M | Reduce -7.0% |
| PRIM Primoris Services Corp. | 1.66% | 110,490 | $11.0M | New |
| EOG EOG Resources Inc. | 1.61% | 81,935 | $10.6M | Add +3.4% |
| V Visa Inc. Class A | 1.56% | 30,024 | $10.3M | New |
| NXPI NXP Semiconductors NV | 1.52% | 35,731 | $10.0M | Reduce -43.0% |
| PANW Palo Alto Networks Inc. | 1.49% | 28,776 | $9.8M | Reduce -60.0% |
| XAR SS SPDR S&P Aerospace Def | 1.41% | 32,764 | $9.3M | Reduce -3.9% |
| TEVA Teva Pharmaceutical-SP ADR | 1.38% | 268,970 | $9.1M | Reduce -6.0% |
| PFE Pfizer Inc. | 1.36% | 372,849 | $9.0M | Add +5.0% |
| CW Curtiss-Wright Corp. | 1.25% | 10,854 | $8.2M | Reduce -6.2% |
| COP Conocophillips | 1.20% | 75,927 | $7.9M | Add +4.2% |
| PWR Quanta Services Inc. | 1.15% | 10,544 | $7.6M | Reduce -37.2% |
| MDB Mongodb Inc. | 1.04% | 20,402 | $6.9M | Reduce -52.8% |
| ADI Analog Devices Inc. | 0.80% | 13,313 | $5.3M | Add +17.2% |
| BLK BlackRock Inc. | 0.60% | 4,127 | $4.0M | Reduce -9.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.54% | 7,103 | $3.6M | Reduce -0.5% |
| ILMN Illumina Inc. | 0.52% | 19,613 | $3.4M | Reduce -75.4% |
| XOM Exxon Mobil Corp. | 0.51% | 24,558 | $3.4M | Add +0.4% |
| CVX Chevron Corp. | 0.49% | 19,416 | $3.2M | Add +25.3% |
| TPL Texas Pacific Land Corp. | 0.43% | 6,553 | $2.9M | Reduce -34.1% |
| JNJ Johnson & Johnson | 0.38% | 9,856 | $2.5M | Reduce -2.9% |
| MP MP Materials Corp. | 0.36% | 42,800 | $2.4M | Add +221.8% |
| AVAV Aerovironment Inc. | 0.36% | 14,250 | $2.4M | Add +168.9% |
| COR Cencora Inc. | 0.35% | 8,124 | $2.3M | No change |
| BIV Vanguard Intermediate-Term B | 0.34% | 29,463 | $2.3M | Reduce -17.4% |
| GOOG Alphabet Inc. Class C | 0.28% | 5,299 | $1.9M | Reduce -53.9% |
| GBIL Goldman Sachs Access Treasur | 0.25% | 16,213 | $1.6M | Reduce -2.8% |
| GEV GE Vernova Inc. | 0.19% | 1,058 | $1.2M | Add +0.2% |
| ROK Rockwell Automation Inc. | 0.19% | 2,503 | $1.2M | Add +42.9% |
| AMGN Amgen Inc. | 0.19% | 3,401 | $1.2M | No change |
| IEV iShares Europe ETF | 0.18% | 15,951 | $1.2M | New |
| IESC Ies Holdings Inc. | 0.17% | 1,564 | $1.1M | No change |
| FLNC Fluence Energy Inc. | 0.17% | 57,225 | $1.1M | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.17% | 1,520 | $1.1M | Reduce -70.6% |
| CSRE C&S Real Estate Active ETF | 0.16% | 37,304 | $1.1M | New |
| AGG iShares Core U.S. Aggregate | 0.16% | 10,417 | $1.0M | Reduce -15.9% |
| EQT Eqt Corp. | 0.15% | 18,172 | $966K | New |
| ABBV Abbvie Inc. | 0.13% | 3,278 | $825K | Reduce -6.8% |
| AA Alcoa Corp. | 0.12% | 15,708 | $819K | New |
| SQQQ Proshares Ultrapro Short QQQ | 0.12% | 21,300 | $773K | New |
| NVDA Nvidia Corp. | 0.10% | 3,371 | $675K | Reduce -87.7% |
| IGRO iShares Intl Div Growth ETF | 0.10% | 7,634 | $671K | Reduce -14.0% |
| IGIB iShares 5-10Y Inv Grade Corp. | 0.10% | 12,300 | $654K | No change |
| DVYA iShares Asia/Pacific Dividen | 0.09% | 12,435 | $588K | Reduce -16.6% |
| MU Micron Technology Inc. | 0.09% | 488 | $563K | Reduce -92.8% |
| EMGF iShares Emerging Markets Equ | 0.08% | 7,460 | $547K | Reduce -13.3% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.08% | 14,450 | $524K | Reduce -26.1% |
| QQQ Invesco QQQ Trust Series 1 | 0.08% | 711 | $524K | Add +16.6% |
| VWO Vanguard Ftse Emerging Marke | 0.08% | 8,498 | $507K | Add +37.1% |
| WBI Waterbridge Infrastruc Class A | 0.08% | 14,600 | $500K | No change |
| VEA Vanguard Ftse Developed ETF | 0.08% | 6,955 | $496K | Add +39.0% |
| WMT Walmart Inc. | 0.07% | 4,310 | $488K | Reduce -26.2% |
| GE General Electric filed as GE AEROSPACE | 0.07% | 1,279 | $478K | Add +0.9% |
| LMB Limbach Holdings Inc. | 0.07% | 6,000 | $462K | No change |
| CC The Chemours Co. | 0.07% | 22,500 | $462K | New |
| IWP iShares Russell Mid-Cap Grow | 0.07% | 3,151 | $461K | No change |
| LB Landbridge Co. LLC-A | 0.07% | 5,691 | $451K | No change |
| COST Costco Wholesale Corp. | 0.07% | 470 | $440K | No change |
| SYK Stryker Corp. | 0.06% | 1,335 | $420K | Reduce -0.1% |
| COHR Coherent Corp. | 0.06% | 1,056 | $417K | Add +0.1% |
| MKL Markel Group Inc. | 0.06% | 200 | $391K | No change |
| BILL Bill Holdings Inc. | 0.05% | 8,750 | $316K | New |
| AX Axos Financial Inc. | 0.05% | 3,200 | $312K | No change |
| ABT Abbott Laboratories | 0.05% | 3,311 | $300K | Reduce -3.9% |
| JPIB JPMorgan Intl BND ETF | 0.04% | 6,100 | $295K | New |
| AWK American Water Works Co. Inc. | 0.04% | 2,220 | $292K | Reduce -0.1% |
| DXJ Wisdomtree Japan Hedged Eq | 0.04% | 1,467 | $255K | No change |
| RL Ralph Lauren Corp. | 0.04% | 602 | $242K | Add +0.3% |
| CSSD C&S SD Pref & Inc. Active ETF | 0.04% | 9,520 | $240K | Add +1.7% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.04% | 686 | $236K | No change |
| DLR Digital Realty Trust Inc. | 0.04% | 1,308 | $235K | Add +0.1% |
| FND Floor & Decor Holdings Inc. Class A | 0.03% | 3,500 | $208K | New |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 0.03% | 102 | $203K | Reduce -47.4% |
| WPC WP Carey Inc. | 0.03% | 2,800 | $200K | Reduce -15.2% |
| DIREXION SHARES ETF TRUST | 0.03% | 52,000 | $197K | Add +160.0% |
| ALLO Allogene Therapeutics Inc. | 0.01% | 45,000 | $94K | New |
Options reported separately and not counted above: SPY puts ($4.9M), QQQ puts ($4.8M).
Other holdings (1): bonds, preferreds, convertibles and warrants · $10.2M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 151,254 | $10.2M | Reduce -1.7% |
Total filed on the 13F, all lines: $669.5M.
Portfolio Sells Q1 2026 → Q2 2026
| ILMN Illumina Inc. | Reduce -75.4% | 0.52% | −1.22 |
| PLD Prologis Inc. | Sold out | 0.00% | −1.06 |
| MDB Mongodb Inc. | Reduce -52.8% | 1.04% | −0.84 |
| NVDA Nvidia Corp. | Reduce -87.7% | 0.10% | −0.74 |
| NXPI NXP Semiconductors NV | Reduce -43.0% | 1.52% | −0.67 |
| PANW Palo Alto Networks Inc. | Reduce -60.0% | 1.49% | −0.56 |
| JPM JPMorgan Chase & Co. | Reduce -6.5% | 4.40% | −0.55 |
| MSFT Microsoft Corp. | Reduce -1.5% | 2.83% | −0.51 |
| MDLZ Mondelez International Inc. Class A | Reduce -5.4% | 2.15% | −0.50 |
| PWR Quanta Services Inc. | Reduce -37.2% | 1.15% | −0.48 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -70.6% | 0.17% | −0.42 |
| TPL Texas Pacific Land Corp. | Reduce -34.1% | 0.43% | −0.40 |
| MU Micron Technology Inc. | Reduce -92.8% | 0.09% | −0.32 |
| GOOG Alphabet Inc. Class C | Reduce -53.9% | 0.28% | −0.30 |
| VOO Vanguard S&P 500 ETF | Sold out | 0.00% | −0.30 |
| FCX Freeport-McMoran Inc. | Reduce -3.3% | 1.73% | −0.23 |
| AAPL Apple Inc. | Reduce -6.5% | 2.20% | −0.21 |
| BLK BlackRock Inc. | Reduce -9.9% | 0.60% | −0.18 |
| AMZN Amazon.com Inc. | Reduce -4.0% | 2.51% | −0.16 |
| CW Curtiss-Wright Corp. | Reduce -6.2% | 1.25% | −0.15 |
| TEVA Teva Pharmaceutical-SP ADR | Reduce -6.0% | 1.38% | −0.15 |
| BIV Vanguard Intermediate-Term B | Reduce -17.4% | 0.34% | −0.15 |
| GOOGL Alphabet Inc. Class A | Reduce -8.2% | 5.45% | −0.14 |
| VTI VG Morningstar TS MKT ETF-US | Sold out | 0.00% | −0.14 |
| XAR SS SPDR S&P Aerospace Def | Reduce -3.9% | 1.41% | −0.13 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Sold out | 0.00% | −0.11 |
| MTD Mettler-Toledo International | Sold out | 0.00% | −0.10 |
| MCHP Microchip Technology Inc. | Sold out | 0.00% | −0.08 |
| SBUX Starbucks Corp. | Sold out | 0.00% | −0.08 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.5% | 0.54% | −0.07 |
| IWY iShares Russell Top 200 Grow | Sold out | 0.00% | −0.07 |
| USMV iShares MSCI USA Min Vol Fac | Sold out | 0.00% | −0.06 |
| AGG iShares Core U.S. Aggregate | Reduce -15.9% | 0.16% | −0.06 |
| JNJ Johnson & Johnson | Reduce -2.9% | 0.38% | −0.06 |
| CNS Cohen & Steers Inc. | Reduce -7.0% | 1.68% | −0.06 |
| WMT Walmart Inc. | Reduce -26.2% | 0.07% | −0.05 |
| GBIL Goldman Sachs Access Treasur | Reduce -2.8% | 0.25% | −0.05 |
| CRSP Crispr Therapeutics AG | Sold out | 0.00% | −0.05 |
| EW Edwards Lifesciences Corp. | Sold out | 0.00% | −0.04 |
| SLV iShares Silver Trust | Sold out | 0.00% | −0.04 |
| APH Amphenol Corp. Class A | Sold out | 0.00% | −0.04 |
| T AT&T Inc. | Sold out | 0.00% | −0.04 |
| HD Home Depot Inc. | Sold out | 0.00% | −0.04 |
| ZTS Zoetis Inc. | Sold out | 0.00% | −0.04 |
| MSB Mesabi Trust | Sold out | 0.00% | −0.04 |
| DVYA iShares Asia/Pacific Dividen | Reduce -16.6% | 0.09% | −0.04 |
| HACK Amplify Cybersecurity ETF | Sold out | 0.00% | −0.04 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Reduce -26.1% | 0.08% | −0.04 |
| IGRO iShares Intl Div Growth ETF | Reduce -14.0% | 0.10% | −0.03 |
| ABT Abbott Laboratories | Reduce -3.9% | 0.05% | −0.02 |
Portfolio Buys Q1 2026 → Q2 2026
| ECL Ecolab Inc. | New | 3.14% | +3.14 |
| BSX Boston Scientific Corp. | New | 2.08% | +2.08 |
| PRIM Primoris Services Corp. | New | 1.66% | +1.66 |
| V Visa Inc. Class A | New | 1.56% | +1.56 |
| ENPH Enphase Energy Inc. | Add +67.1% | 2.81% | +1.30 |
| OKTA Okta Inc. | Add +0.8% | 3.12% | +1.03 |
| LLY Eli Lilly & Co. | Add +4.8% | 4.44% | +0.64 |
| QCOM Qualcomm Inc. | Add +10.5% | 2.07% | +0.54 |
| MP MP Materials Corp. | Add +221.8% | 0.36% | +0.25 |
| AVAV Aerovironment Inc. | Add +168.9% | 0.36% | +0.18 |
| IEV iShares Europe ETF | New | 0.18% | +0.18 |
| FLNC Fluence Energy Inc. | New | 0.17% | +0.17 |
| CSRE C&S Real Estate Active ETF | New | 0.16% | +0.16 |
| ADI Analog Devices Inc. | Add +17.2% | 0.80% | +0.16 |
| EQT Eqt Corp. | New | 0.15% | +0.15 |
| ETN Eaton Corp. PLC | Add +2.7% | 3.13% | +0.14 |
| AA Alcoa Corp. | New | 0.12% | +0.12 |
| SQQQ Proshares Ultrapro Short QQQ | New | 0.12% | +0.12 |
| PPG PPG Industries Inc. | Add +9.8% | 1.74% | +0.11 |
| ROK Rockwell Automation Inc. | Add +42.9% | 0.19% | +0.08 |
| CC The Chemours Co. | New | 0.07% | +0.07 |
| BAC Bank of America Corp. | Add +2.5% | 2.62% | +0.06 |
| BILL Bill Holdings Inc. | New | 0.05% | +0.05 |
| JPIB JPMorgan Intl BND ETF | New | 0.04% | +0.04 |
| FND Floor & Decor Holdings Inc. Class A | New | 0.03% | +0.03 |
| GEV GE Vernova Inc. | Add +0.2% | 0.19% | +0.02 |
| COHR Coherent Corp. | Add +0.1% | 0.06% | +0.02 |
| VEA Vanguard Ftse Developed ETF | Add +39.0% | 0.08% | +0.02 |
| VWO Vanguard Ftse Emerging Marke | Add +37.1% | 0.08% | +0.02 |
| QQQ Invesco QQQ Trust Series 1 | Add +16.6% | 0.08% | +0.02 |
| ALLO Allogene Therapeutics Inc. | New | 0.01% | +0.01 |
| GE General Electric | Add +0.9% | 0.07% | +0.01 |
| DIREXION SHARES ETF TRUST | Add +160.0% | 0.03% | +0.01 |
| RL Ralph Lauren Corp. | Add +0.3% | 0.04% | 0.00 |
| CSSD C&S SD Pref & Inc. Active ETF | Add +1.7% | 0.04% | −0.01 |
| DLR Digital Realty Trust Inc. | Add +0.1% | 0.04% | −0.01 |
| HUBB Hubbell Inc. | Add +8.0% | 3.41% | −0.06 |
| CVX Chevron Corp. | Add +25.3% | 0.49% | −0.08 |
| UNP Union Pacific Corp. | Add +0.7% | 2.51% | −0.09 |
| VST Vistra Corp. | Add +0.6% | 2.18% | −0.22 |
| XOM Exxon Mobil Corp. | Add +0.4% | 0.51% | −0.23 |
| DHR Danaher Corp. | Add +3.2% | 1.92% | −0.25 |
| MRK Merck & Co. Inc. | Add +0.6% | 3.19% | −0.29 |
| RTX RTX Corp. | Add +4.3% | 2.59% | −0.37 |
| PFE Pfizer Inc. | Add +5.0% | 1.36% | −0.41 |
| EOG EOG Resources Inc. | Add +3.4% | 1.61% | −0.42 |
| COP Conocophillips | Add +4.2% | 1.20% | −0.51 |
Options Activity Q1 2026 → Q2 2026
| SPY SS SPDR S&P 500 ETF Trust-US | put | Add +116.7% | 6,500 | $4.9M |
| QQQ Invesco QQQ Trust Series 1 | put | Add +116.7% | 6,500 | $4.8M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2026 → Q2 2026
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | Reduce -1.7% | 151,254 | $10.2M |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | Sold out | 15,000 | $855Kbefore exit |
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 |