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 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

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

Top 6 Cities For The Ultra Rich to Live in Comfort

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

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!