Bourgeon Capital Management’s Most Valuable Equity Holdings

John Zaro‘s Bourgeon Capital Management is a long/short hedge fund with an equity portfolio of over $158.7 million, according to its latest 13F filing. While the fund invests in several industries, the largest portion of its equity portfolio is concentrated in the Basic Materials sector (over 20%), followed by Technology (19%) and Services (15%). In this piece we will take a closer look at the top five equity positions in terms of value held by Bourgeon Capital.

Casella

On the first place is Casella Waste Systems Inc. (NASDAQ:CWST), with Bourgeon reporting a $6.25 million position, which comprises 1.22 million shares, up by 183,500 shares over the quarter.  The stock of the company declined by 14% on the year and sports a Beta of 1.13. The company has been consistently missing the estimates and posting losses. In 2013, the company’s net losses amounted to $1.29 per share, narrowing it from $1.35 a year earlier. For the current year, the company is expected to further decrease its losses to $0.42. Joel Ramin‘s 12 West Capital Management is another large shareholder of Cassella Waste Systems, which held 3.69 million shares at the end of 2013.

In Autodesk, Inc. (NASDAQ:ADSK), the fund revealed holding 99,400 shares, worth $4.89 million. The company is engaged in design software and services. Its stock trails a P/E of around 47.60, well above the industry average of approximately 22. For the current year, the company is expected to deliver EPS of $1.15, lower than $1.68 reported for the last year. At the same time, the company sports a Price/Earnings-to-Growth of close to 4.00.

Mr. Zaro has also been bullish on JPMorgan Chase & Co. (NYSE:JPM), a company where he previously worked as an alpha target manager. His fund holds around 79,800 shares of JPMorgan, with an aggregate value of $4.85 million. For the first quarter of 2014, the company posted an EPS of $1.28, missing the estimates for the first time over the past several quarters. JPMorgan has also recently raised its dividend to $0.40 per share, from $0.38. For the next year, the company plans to buy back $6.5 billion of its common stock. Harris Associates, owned by Natixis Global Asset Management, holds a significant stake in JPMorgan, which contains 27.3 million shares, according to its latest 13F.

 

On the next place is Guidance Software, Inc. (NASDAQ:GUID), Bourgeon disclosing a $4.76 million position, with 430,600 shares. Aside from Bourgeon Capital, Robert G. Moses‘ Rgm Capital is also bullish on the company, holding some 4.06 million shares as of the end of 2013. Meanwhile, the stock of Guidance has lost almost 10% since the beginning of the year and trades at a forward P/E of almost 58.

The fifth-largest holding is represented by Johnson Controls Inc (NYSE:JCI), of which Mr. Zaro’s fund owns 96,400 shares, worth $4.56 million. Johnson Controls is a $30 billion company engaged in production, installation and service of temperature regulation systems for buildings. Recently the company announced that it will acquire Air Distribution Technologies from the Canada Pension Plan Investment Board, in a deal that amounts to $1.6 billion. Johnson Controls Inc (NYSE:JCI) is expected to report net profits of $3.15 for the current year, which is higher from $2.66 the company reported for 2013.

Disclosure: none

Recommended Reading:

Deerfield Management Discloses New Position in ANI Pharmaceuticals Inc (ANIP)

Sandell Asset Management Surges Stake in Meritor Inc (MTOR)

Hound Partners Ups Stake In Tesoro Corporation (TSO) To Over 7%

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!