Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

JPMorgan Chase & Co. (JPM), Johnson Controls Inc (JCI), Schlumberger Limited. (SLB): Bourgeon Capital Bets on Tech, Oil & Finance for Q2

Page 1 of 2

John A. Zaro is the CEO of Bourgeon Capital, a member of the New York Society of Security Analysts and holds a BA of Arts in Political Science/Economics from Stanford University. Bourgeon Capital has recently disclosed its 13F portfolio, which has a value of $163 million in equities and contains 106 long positions.  As of the end of March, Bourgeon Capital’s largest positions are represented by JPMorgan Chase & Co. (NYSE:JPM), Williams Companies Inc (NYSE:WMB), Plum Creek Timber Co. Inc. (NYSE:PCL), Johnson Controls Inc (NYSE:JCI) and Schlumberger Limited. (NYSE:SLB).

Countries with the Largest Oil Reserves

We follow Bourgeon Capital alongside some 730 other investors because our research has shown that imitating a portfolio of the 15 most popular small-cap picks among them can generate around 1 percentage point in excess of the S&P 500 Total Return Index’s monthly returns, on average. Moreover, these small-cap stocks delivered a monthly alpha of 80 basis points, compared to the 50 most popular large-cap stocks among hedge funds, which had a monthly alpha of about six basis points per month between 1999 and 2012. We have been tracking the performance of these small-cap stocks since the end of August 2012 and this strategy has beaten the market by around 80 percentage points over the last 2.5 years, gaining more than 135% (see the details here).

In the next sections, we will analyze John A. Zaro’s largest holdings as of the end of March. On the first spot is JPMorgan Chase & Co. (NYSE:JPM), in which Bourgeon Capital disclosed a $5.45 million position that contains 90,004 shares, which represent 3.34% of the fund’s equity portfolio. For the first quarter of 2015, JPMorgan Chase & Co. (NYSE:JPM) reported a net income of $5.9 billion, an increase of 20% on the year, or $1.45 per share, and revenue of $24 billion. Aside from Bourgeon Capital, other shareholders of JPMorgan Chase & Co. (NYSE:JPM) include Lansdowne Partners, Ken Fisher’s Fisher Asset Management and Edgar Wachenheim’s Greenhaven Associates.

Mr. Zaro’s stake in Williams Companies Inc (NYSE:WMB) is the second-largest in its equity portfolio with a value of $4.98 million. The total number of shares held by Bourgeon Capital in the company has decreased by around 14% on the quarter to 98,350 shares. According to its financial report for the first quarter of 2015, the company posted an adjusted EBITDA of $917 million, up by 19% on the year on the back of its mergers with Access Midstream, Atlantic-Gulf and Northeast G&P.  Williams Companies Inc (NYSE:WMB) also posted a net income of $89 million for the first quarter of 2015, compared with $352 million in the same period of the previous year. Other large shareholders of Williams Companies Inc (NYSE:WMB) among the funds we track are Corvex Capital, managed by Keith Meister, Eric W. Mandelblatt’s Soroban Capital Partners and Fir Tree, founded by Jeffrey Tannenbaum.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

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 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!