# BOURGEON CAPITAL MANAGEMENT LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1088731. Source: https://holderbook.com/funds/1088731-bourgeon-capital-management-llc/

- Reported value: $679.2M
- Positions: 102
- Weight of the ten largest: 35.8%
- Filed: 2026-07-22

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $36.0M | 100,601 | 5.3% | 31 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $29.3M | 24,426 | 4.3% | 7 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $29.0M | 88,712 | 4.3% | 31 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $24.7M | 83,069 | 3.6% | 15 |
| HUBBELL INC | [HUBB](https://holderbook.com/stocks/HUBB/) | $22.5M | 42,939 | 3.3% | 11 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $21.1M | 163,890 | 3.1% | 31 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $20.7M | 74,388 | 3.1% | 1 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $20.7M | 48,507 | 3.0% | 28 |
| OKTA INC | [OKTA](https://holderbook.com/stocks/OKTA/) | $20.5M | 150,598 | 3.0% | 4 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $18.6M | 49,944 | 2.7% | 31 |
| ENPHASE ENERGY INC | [ENPH](https://holderbook.com/stocks/ENPH/) | $18.6M | 376,929 | 2.7% | 3 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $18.1M | 129,197 | 2.7% | 31 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $17.3M | 302,936 | 2.5% | 31 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $17.1M | 90,089 | 2.5% | 25 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $16.6M | 69,565 | 2.4% | 28 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $16.6M | 60,935 | 2.4% | 3 |
| BLOCK INC | [XYZ](https://holderbook.com/stocks/XYZ/) | $16.3M | 214,413 | 2.4% | 3 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $14.5M | 50,069 | 2.1% | 31 |
| VISTRA CORP | [VST](https://holderbook.com/stocks/VST/) | $14.4M | 90,628 | 2.1% | 5 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $14.1M | 244,600 | 2.1% | 31 |
| BOSTON SCIENTIFIC CORP | [BSX](https://holderbook.com/stocks/BSX/) | $13.7M | 322,069 | 2.0% | 1 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $13.7M | 74,009 | 2.0% | 29 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $12.6M | 66,332 | 1.9% | 31 |
| PPG INDS INC | [PPG](https://holderbook.com/stocks/PPG/) | $11.5M | 94,505 | 1.7% | 2 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $11.4M | 180,941 | 1.7% | 24 |
| COHEN & STEERS INC | [CNS](https://holderbook.com/stocks/CNS/) | $11.1M | 145,375 | 1.6% | 4 |
| PRIMORIS SVCS CORP | [PRIM](https://holderbook.com/stocks/PRIM/) | $11.0M | 110,490 | 1.6% | 1 |
| EOG RES INC | [EOG](https://holderbook.com/stocks/EOG/) | $10.6M | 81,935 | 1.6% | 18 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $10.3M | 30,024 | 1.5% | 1 |
| BOEING CO | [BAPRA](https://holderbook.com/stocks/BAPRA/) | $10.2M | 151,254 | 1.5% | 7 |
| NXP SEMICONDUCTORS N V | [NXPI](https://holderbook.com/stocks/NXPI/) | $10.0M | 35,731 | 1.5% | 4 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $9.8M | 28,776 | 1.4% | 5 |
| SPDR SERIES TRUST | [XAR](https://holderbook.com/stocks/XAR/) | $9.3M | 32,764 | 1.4% | 11 |
| TEVA PHARMACEUTICAL INDS LTD | [TEVA](https://holderbook.com/stocks/TEVA/) | $9.1M | 268,970 | 1.3% | 13 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $9.0M | 372,849 | 1.3% | 3 |
| CURTISS WRIGHT CORP | [CW](https://holderbook.com/stocks/CW/) | $8.2M | 10,854 | 1.2% | 6 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $7.9M | 75,927 | 1.2% | 31 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $7.6M | 10,544 | 1.1% | 11 |
| MONGODB INC | [MDB](https://holderbook.com/stocks/MDB/) | $6.9M | 20,402 | 1.0% | 6 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $6.0M | 1,520 | 0.9% | 26 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $5.3M | 711 | 0.8% | 4 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $5.3M | 13,313 | 0.8% | 21 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $4.0M | 4,127 | 0.6% | 7 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $3.6M | 7,103 | 0.5% | 28 |
| ILLUMINA INC | [ILMN](https://holderbook.com/stocks/ILMN/) | $3.4M | 19,613 | 0.5% | 6 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $3.4M | 24,558 | 0.5% | 28 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $3.2M | 19,416 | 0.5% | 31 |
| TEXAS PACIFIC LAND CORPORATI | [TPL](https://holderbook.com/stocks/TPL/) | $2.9M | 6,553 | 0.4% | 2 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $2.5M | 9,856 | 0.4% | 31 |
| MP MATERIALS CORP | [MP](https://holderbook.com/stocks/MP/) | $2.4M | 42,800 | 0.4% | 2 |
| AEROVIRONMENT INC | [AVAV](https://holderbook.com/stocks/AVAV/) | $2.4M | 14,250 | 0.3% | 2 |
| CENCORA INC | [COR](https://holderbook.com/stocks/COR/) | $2.3M | 8,124 | 0.3% | 3 |
| VANGUARD BD INDEX FDS | [BIV](https://holderbook.com/stocks/BIV/) | $2.3M | 29,463 | 0.3% | 23 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $1.9M | 5,299 | 0.3% | 31 |
| GOLDMAN SACHS ETF TR | [GBIL](https://holderbook.com/stocks/GBIL/) | $1.6M | 16,213 | 0.2% | 6 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $1.2M | 1,058 | 0.2% | 3 |
| ROCKWELL AUTOMATION INC | [ROK](https://holderbook.com/stocks/ROK/) | $1.2M | 2,503 | 0.2% | 2 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $1.2M | 3,401 | 0.2% | 31 |
| ISHARES TR | [IEV](https://holderbook.com/stocks/IEV/) | $1.2M | 15,951 | 0.2% | 1 |
| IES HOLDINGS INC | [IESC](https://holderbook.com/stocks/IESC/) | $1.1M | 1,564 | 0.2% | 22 |
| FLUENCE ENERGY INC | [FLNC](https://holderbook.com/stocks/FLNC/) | $1.1M | 57,225 | 0.2% | 1 |
| COHEN & STEERS ETF TRUST | [CSRE](https://holderbook.com/stocks/CSRE/) | $1.1M | 37,304 | 0.2% | 1 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $1.0M | 10,417 | 0.2% | 15 |
| EQT CORP | [EQT](https://holderbook.com/stocks/EQT/) | $966.2K | 18,172 | 0.1% | 1 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $824.9K | 3,278 | 0.1% | 3 |
| ALCOA CORP | [AA](https://holderbook.com/stocks/AA/) | $819.0K | 15,708 | 0.1% | 1 |
| PROSHARES TR | [SQQQ](https://holderbook.com/stocks/SQQQ/) | $773.4K | 21,300 | 0.1% | 1 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $674.5K | 3,371 | 0.1% | 28 |
| ISHARES TR | [IGRO](https://holderbook.com/stocks/IGRO/) | $671.3K | 7,634 | 0.1% | 15 |
| ISHARES TR | [IGIB](https://holderbook.com/stocks/IGIB/) | $654.0K | 12,300 | 0.1% | 8 |
| ISHARES INC | [DVYA](https://holderbook.com/stocks/DVYA/) | $588.1K | 12,435 | 0.1% | 15 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $563.3K | 488 | 0.1% | 9 |
| ISHARES INC | [EMGF](https://holderbook.com/stocks/EMGF/) | $546.5K | 7,460 | 0.1% | 15 |
| SCHWAB STRATEGIC TR | [SCHE](https://holderbook.com/stocks/SCHE/) | $524.0K | 14,450 | 0.1% | 26 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $507.2K | 8,498 | 0.1% | 2 |
| WATERBRIDGE INFRASTRUCTURE L | [WBI](https://holderbook.com/stocks/WBI/) | $500.3K | 14,600 | 0.1% | 2 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $495.6K | 6,955 | 0.1% | 2 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $488.2K | 4,310 | 0.1% | 8 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $478.0K | 1,279 | 0.1% | 20 |
| LIMBACH HLDGS INC | [LMB](https://holderbook.com/stocks/LMB/) | $462.0K | 6,000 | 0.1% | 22 |
| CHEMOURS CO | [CC](https://holderbook.com/stocks/CC/) | $461.7K | 22,500 | 0.1% | 1 |
| ISHARES TR | [IWP](https://holderbook.com/stocks/IWP/) | $461.3K | 3,151 | 0.1% | 30 |
| LANDBRIDGE COMPANY LLC | [LB](https://holderbook.com/stocks/LB/) | $451.0K | 5,691 | 0.1% | 2 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $439.7K | 470 | 0.1% | 28 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $420.3K | 1,335 | 0.1% | 2 |
| COHERENT CORP | [COHR](https://holderbook.com/stocks/COHR/) | $416.6K | 1,056 | 0.1% | 2 |
| MARKEL GROUP INC | [MKL](https://holderbook.com/stocks/MKL/) | $390.6K | 200 | 0.1% | 2 |
| BILL HOLDINGS INC | [BILL](https://holderbook.com/stocks/BILL/) | $316.4K | 8,750 | 0.0% | 1 |
| AXOS FINANCIAL INC | [AX](https://holderbook.com/stocks/AX/) | $311.6K | 3,200 | 0.0% | 17 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $300.4K | 3,311 | 0.0% | 3 |
| J P MORGAN EXCHANGE TRADED F | [JPIB](https://holderbook.com/stocks/JPIB/) | $294.9K | 6,100 | 0.0% | 1 |
| AMERICAN WTR WKS CO INC NEW | [AWK](https://holderbook.com/stocks/AWK/) | $292.1K | 2,220 | 0.0% | 31 |
| WISDOMTREE TR | [DXJ](https://holderbook.com/stocks/DXJ/) | $254.6K | 1,467 | 0.0% | 3 |
| RALPH LAUREN CORP | [RL](https://holderbook.com/stocks/RL/) | $241.6K | 602 | 0.0% | 3 |
| COHEN & STEERS ETF TRUST | [CSSD](https://holderbook.com/stocks/CSSD/) | $239.5K | 9,520 | 0.0% | 2 |
| VANGUARD INDEX FDS | [VV](https://holderbook.com/stocks/VV/) | $235.9K | 686 | 0.0% | 4 |
| DIGITAL RLTY TR INC | [DLR](https://holderbook.com/stocks/DLR/) | $234.9K | 1,308 | 0.0% | 5 |
| FLOOR & DECOR HLDGS INC | [FND](https://holderbook.com/stocks/FND/) | $207.8K | 3,500 | 0.0% | 1 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $202.9K | 102 | 0.0% | 7 |
| WP CAREY INC | [WPC](https://holderbook.com/stocks/WPC/) | $200.2K | 2,800 | 0.0% | 6 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +22.8% | +14.8% | +8.0% | 99% |
| Q1 2026 | +0.4% | -4.6% | +5.0% | 99% |
| Q4 2025 | +11.1% | +2.4% | +8.8% | 99% |
| Q3 2025 | +8.4% | +7.8% | +0.6% | 100% |
| Q2 2025 | +9.9% | +10.5% | -0.6% | 100% |
| Q1 2025 | -6.0% | -4.6% | -1.4% | 100% |
| Q4 2024 | -0.6% | +2.1% | -2.8% | 100% |
| Q3 2024 | +3.8% | +5.4% | -1.7% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $679.2M | 102 |
| Q1 2026 | $577.9M | 106 |
| Q4 2025 | $618.2M | 122 |
| Q3 2025 | $554.0M | 107 |
| Q2 2025 | $506.7M | 107 |
| Q1 2025 | $464.5M | 105 |
| Q4 2024 | $535.5M | 118 |
| Q3 2024 | $519.8M | 105 |
| Q2 2024 | $510.3M | 109 |
| Q1 2024 | $511.1M | 112 |
| Q4 2023 | $452.6M | 400 |
| Q3 2023 | $426.0M | 398 |