Bourgeon Capital Management LLC
Bourgeon Capital Management LLC reported 111 US-listed holdings worth $688.5 million in its 13F for the quarter ended 30 September 2026, filed 19 October 2026. Its largest: Alphabet Inc. (5.6%), JPMorgan Chase & Co. (4.4%) and Eli Lilly & Co. (4.1%). Against the quarter before, it opened 20 positions, added to 42, trimmed 31 and sold out of 11.
Reported holdings$688.5M+2.8% on Q2 2026
Positions111+9 on Q2 2026
The largest ten36.4%of its reported holdings
Latest 13FQ3 2026filed 19 October 2026
Added toHeldTrimmed
The 14 largest of its 111 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q2 2026.
What the fund reported holding at each quarter's end; hover a bar for the number of positions
What its reported holdings returned
Held through each quarter, the holdings it reported returned +53.4% over the 8 quarters to 30 September 2026, against +32.9% for the S&P 500.
Its reported holdingsThe S&P 500
Not the fund's own return: each 13F's holdings are kept unchanged until the next one, so trades inside a quarter, dividends, cash and fees are left out. A rough guide to how its picks have done over time.
What it did on the quarter
Opened 20Added 42Held 18Trimmed 31Sold out 11
Its positions against its 13F for the quarter to 30 June 2026; a change under 0.1% of a position counts as held
Opened 20
- Teva Pharmaceutical Industries Ltd. TEVA$12.9 million
- Madrigal Pharmaceuticals Inc. MDGL$10.1 million
- Expand Energy Corp. EXE$9.4 million
- ExxonMobil Holdings Corp. XOM$4.0 million
- Quantinuum Inc. QNT$2.3 million
- Microchip Technology Inc. MCHPP$2.0 million
- SPDR Ser Trust BIL$1.1 million
- Kratos Defense & Security Solutions, Inc. KTOS$796,468
and 12 more in the table below
Added to 42
- NXP Semiconductors N.V. NXPI+24,110 shares · +67%
- Alphabet Inc. GOOGL+12,380 shares · +12%
- Qualcomm Inc. QCOM+22,059 shares · +30%
- RTX Corp. RTX+11,835 shares · +13%
- Microsoft Corp. MSFT+2,835 shares · +6%
- Curtiss Wright Corp. CW+2,272 shares · +21%
- Marvell Technology, Inc. MRVL+3,594 shares · +4%
- JPMorgan Chase & Co. JPM+2,526 shares · +3%
and 34 more in the table below
Trimmed 31
- Okta, Inc. OKTA-75,970 shares · -50%
- Primoris Services Corp. PRIM-89,545 shares · -81%
- Vistra Corp. VST-32,932 shares · -36%
- Mongodb Inc. MDB-6,824 shares · -33%
- Palo Alto Networks Inc. PANW-2,218 shares · -8%
- Freeport-McMoRan Inc. FCX-11,190 shares · -6%
- iShares Trust AGG-4,075 shares · -39%
- ProShares Trust SQQQ-6,300 shares · -30%
and 23 more in the table below
Sold out of 11
- Teva Pharmaceutical Industries Ltd. TEVA$9.1 million last quarter
- Illumina, Inc. ILMN$3.4 million last quarter
- ExxonMobil Holdings Corp. XOM$3.4 million last quarter
- Fluence Energy Inc. FLNC$1.1 million last quarter
- Micron Technology Inc. MU$563,294 last quarter
- Coherent Corp. COHR$416,561 last quarter
- Bill Holdings, Inc. BILL$316,400 last quarter
- Floor & Decor Holdings, Inc. FND$207,760 last quarter
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| Alphabet Inc. GOOGL | 113.0K | $38.9 million | 5.65% | +12.4K |
| JPMorgan Chase & Co. JPM | 91.2K | $30.2 million | 4.38% | +2.5K |
| Eli Lilly & Co. LLY | 24.3K | $28.1 million | 4.08% | -156 |
| Microsoft Corp. MSFT | 52.8K | $27.1 million | 3.93% | +2.8K |
| Merck & Co., Inc. MRK | 162.6K | $23.6 million | 3.43% | -1.2K |
| Marvell Technology, Inc. MRVL | 86.7K | $22.9 million | 3.33% | +3.6K |
| Eaton Corp. plc ETN | 48.1K | $20.7 million | 3.00% | -442 |
| Ecolab Inc. ECL | 73.9K | $20.3 million | 2.95% | -515 |
| Hubbell Inc. HUBB | 43.5K | $19.7 million | 2.87% | +598 |
| RTX Corp. RTX | 101.9K | $18.9 million | 2.75% | +11.8K |
| Qualcomm Inc. QCOM | 96.1K | $17.7 million | 2.57% | +22.1K |
| Amazon.com Inc. AMZN | 70.2K | $17.5 million | 2.54% | +594 |
| Union Pacific Corp. UNP | 62.8K | $17.1 million | 2.48% | +1.8K |
| Citigroup Inc. C | 129.2K | $16.7 million | 2.43% | -2 |
| Apple Inc. AAPL | 49.5K | $16.5 million | 2.40% | -534 |
| Bank of America Corp. BAC | 300.3K | $16.3 million | 2.37% | -2.6K |
| Block, Inc. XYZ | 217.1K | $16.0 million | 2.32% | +2.7K |
| Okta, Inc. OKTA | 74.6K | $15.6 million | 2.27% | -76.0K |
| Danaher Corp. DHR | 67.8K | $15.0 million | 2.18% | +1.5K |
| Mondelez International, Inc. MDLZ | 254.2K | $14.7 million | 2.14% | +9.6K |
| Boston Scientific Corp. BSX | 326.4K | $14.2 million | 2.07% | +4.3K |
| NXP Semiconductors N.V. NXPI | 59.8K | $14.2 million | 2.06% | +24.1K |
| Teva Pharmaceutical Industries Ltd. TEVA | 325.0K | $12.9 million | 1.87% | new |
| Enphase Energy, Inc. ENPH | 381.1K | $12.6 million | 1.83% | +4.2K |
| Freeport-McMoRan Inc. FCX | 169.8K | $11.9 million | 1.73% | -11.2K |
| EOG Resources Inc. EOG | 83.0K | $11.4 million | 1.66% | +1.1K |
| Visa Inc. V | 29.9K | $10.7 million | 1.56% | -133 |
| Cohen & Steers, Inc. CNS | 146.3K | $10.7 million | 1.55% | +940 |
| Pfizer Inc. PFE | 373.9K | $10.7 million | 1.55% | +1.1K |
| Palo Alto Networks Inc. PANW | 26.6K | $10.6 million | 1.53% | -2.2K |
| Madrigal Pharmaceuticals Inc. MDGL | 20.1K | $10.1 million | 1.47% | new |
| PPG Industries Inc. PPG | 93.9K | $9.8 million | 1.42% | -631 |
| ConocoPhillips COP | 74.7K | $9.4 million | 1.36% | -1.2K |
| Expand Energy Corp. EXE | 111.2K | $9.4 million | 1.36% | new |
| Boeing Co. BAPRA | 153.8K | $9.1 million | 1.32% | +2.6K |
| Vistra Corp. VST | 57.7K | $8.0 million | 1.16% | -32.9K |
| SPDR Ser Trust XAR | 32.6K | $7.5 million | 1.09% | -175 |
| Curtiss Wright Corp. CW | 13.1K | $7.1 million | 1.04% | +2.3K |
| Quanta Services, Inc. PWR | 10.3K | $6.6 million | 0.96% | -212 |
| Analog Devices Inc. ADI | 13.3K | $5.3 million | 0.77% | +17 |
| Mongodb Inc. MDB | 13.6K | $4.7 million | 0.69% | -6.8K |
| BlackRock, Inc. BLK | 4.0K | $4.3 million | 0.62% | -90 |
| Chevron Corp. CVX | 20.6K | $4.2 million | 0.61% | +1.2K |
| ExxonMobil Holdings Corp. XOM | 24.6K | $4.0 million | 0.58% | new |
| Berkshire Hathaway Inc. Class B BRKB | 7.0K | $3.5 million | 0.50% | -146 |
| Johnson & Johnson JNJ | 9.9K | $2.6 million | 0.38% | +19 |
| Cencora, Inc. COR | 8.1K | $2.4 million | 0.35% | +1 |
| Quantinuum Inc. QNT | 48.2K | $2.3 million | 0.34% | new |
| Vanguard Intermed Term Bond ETF BIV | 31.6K | $2.3 million | 0.33% | +2.1K |
| AeroVironment Inc. AVAV | 16.1K | $2.3 million | 0.33% | +1.9K |
| MP Materials Corp. MP | 46.7K | $2.2 million | 0.32% | +3.9K |
| Texas Pacific Land Corp. TPL | 6.6K | $2.1 million | 0.31% | -2 |
| Microchip Technology Inc. MCHPP | 29.5K | $2.0 million | 0.29% | new |
| Alphabet Inc. GOOG | 5.6K | $1.9 million | 0.28% | +311 |
| Primoris Services Corp. PRIM | 20.9K | $1.6 million | 0.23% | -89.5K |
| Amgen Inc. AMGN | 3.4K | $1.4 million | 0.21% | +3 |
| Goldman Sachs ETF Trust GBIL | 14.3K | $1.4 million | 0.21% | -1.9K |
| Rockwell Automation, Inc. ROK | 3.3K | $1.4 million | 0.21% | +749 |
| SPDR S&P 500 SPY | 1.5K | $1.1 million | 0.16% | -37 |
| Alcoa Corp. AA | 26.8K | $1.1 million | 0.16% | +11.1K |
| SPDR Ser Trust BIL | 11.8K | $1.1 million | 0.16% | new |
| iShares Trust IEV | 15.0K | $1.1 million | 0.15% | -962 |
| GE Vernova Inc. GEV | 1.1K | $1.0 million | 0.15% | +33 |
| IES Holdings, Inc. IESC | 3.1K | $1.0 million | 0.15% | no change |
| Cohen & Steers ETF Trust CSRE | 35.1K | $937,197 | 0.14% | -2.2K |
| EQT Corp. EQT | 18.2K | $882,433 | 0.13% | no change |
| AbbVie Inc. ABBV | 3.3K | $859,324 | 0.12% | +7 |
| NVIDIA Corp. NVDA | 3.5K | $802,756 | 0.12% | +144 |
| Kratos Defense & Security Solutions, Inc. KTOS | 18.7K | $796,468 | 0.12% | new |
| Invesco QQQ Trust QQQ | 1.1K | $781,198 | 0.11% | +345 |
| iShares Trust IGRO | 7.2K | $638,381 | 0.09% | -442 |
| iShares Trust IGIB | 12.5K | $628,570 | 0.09% | +184 |
| iShares Trust AGG | 6.3K | $599,573 | 0.09% | -4.1K |
| iShares Inc. DVYA | 11.7K | $581,722 | 0.08% | -764 |
| ProShares Trust SQQQ | 15.0K | $516,150 | 0.07% | -6.3K |
| iShares Inc. EMGF | 7.2K | $514,516 | 0.07% | -268 |
| Vanguard Ftse Emerging Markets VWO | 8.5K | $503,661 | 0.07% | -6 |
| Brown Forman Corp. BFB | 19.0K | $497,800 | 0.07% | new |
| Schwab Strategic Trust SCHE | 13.5K | $492,003 | 0.07% | -952 |
| Vanguard Ftse Developed Markets VEA | 6.9K | $488,194 | 0.07% | -41 |
| Landbridge Company LLC LB | 5.7K | $461,939 | 0.07% | no change |
| Walmart Inc. WMT | 4.4K | $453,611 | 0.07% | +55 |
| General Electric Co. GE | 1.4K | $438,143 | 0.06% | +124 |
| iShares Russell Mid-Cap Growth ETF IWP | 3.2K | $433,830 | 0.06% | no change |
| Costco Wholesale Corp. COST | 470 | $427,860 | 0.06% | no change |
| Waterbridge Infrastructure L WBI | 14.6K | $410,552 | 0.06% | no change |
| Stryker Corp. SYK | 1.3K | $369,023 | 0.05% | +5 |
| iShares Trust MUB | 3.6K | $363,960 | 0.05% | new |
| Chemours Co. CC | 26.0K | $352,820 | 0.05% | +3.5K |
| Nextpower Inc. NXT | 4.5K | $350,685 | 0.05% | new |
| Advanced Micro Devices Inc. AMD | 561 | $343,198 | 0.05% | new |
| Markel CP Hldg Co. MKL | 200 | $342,490 | 0.05% | no change |
| Abbott Laboratories ABT | 3.3K | $329,118 | 0.05% | +19 |
| Meta Platforms, Inc. META | 428 | $310,378 | 0.05% | new |
| JPMorgan International Bond Opportunities ETF JPIB | 6.5K | $303,550 | 0.04% | +400 |
| Limbach Hldgs Inc. LMB | 6.0K | $293,580 | 0.04% | no change |
| American Water Works Company, Inc. AWK | 2.2K | $287,424 | 0.04% | no change |
| Wisdomtree Trust DXJ | 1.5K | $264,867 | 0.04% | no change |
| Shell plc SHEL | 2.7K | $254,639 | 0.04% | new |
| Alvotech ALVO | 42.5K | $246,500 | 0.04% | new |
| Vanguard Large Cap ETF VV | 686 | $241,370 | 0.04% | no change |
| AT&T Inc. T | 9.8K | $239,302 | 0.03% | new |
| Axos Financial, Inc. AX | 2.8K | $238,068 | 0.03% | -450 |
| Newmont Corp. NEM | 2.0K | $234,256 | 0.03% | new |
| Cohen & Steers Short Dp Etf CSSD | 9.5K | $233,526 | 0.03% | no change |
| Digital Realty Trust, Inc. DLR | 1.3K | $229,769 | 0.03% | +1 |
| Applied Materials Inc. AMAT | 429 | $219,383 | 0.03% | new |
| Ralph Lauren Corp. RL | 604 | $214,463 | 0.03% | +2 |
| Fermi Inc. Com FRMI | 32.0K | $134,720 | 0.02% | new |
| Allogene Therapeutics Inc. ALLO | 48.0K | $76,800 | 0.01% | +3.0K |
| Nkarta Inc. NKTX | 25.1K | $65,762 | 0.01% | new |
Every US-listed position in the fund's 13F for the quarter ended 30 September 2026, by the value it reported.
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Change is shares against its 13F for the quarter before; the 11 it sold out of are in the box above.Options it reported
| Company | Option | Shares under the options | Value of those shares |
|---|---|---|---|
| SPDR S&P 500 SPY | Puts | 5.5K | $4.2 million |
| Invesco QQQ Trust QQQ | Puts | 5.0K | $3.7 million |
2 option lines. A 13F lists calls and puts by the shares they cover and what those shares were worth at the quarter's end, not what the options cost; they are not counted in the holdings above.