Bourgeon Capital's Q4 2022 vs. Q1 2023: Analyzing the Changes in Top Fund Holdings
Ava Hoppe | 5 May, 2023
Bourgeon Capital Management LLC, a prominent investment firm, recently disclosed its top holdings for Q4 2022 and Q1 2023. The 13F filings provided insights into the company's investment strategy, market predictions, and belief in particular stocks. Bourgeon Capital's portfolio changes could reveal valuable information for investors looking to invest in individual stocks or replicate the company's portfolio.
In the Q4 2022, Bourgeon Capital's top five holdings were in JPMorgan Chase & Co, Microsoft Corp, Merck & Co Inc, Honeywell Intl Inc, and Splunk Inc. Combined, these companies accounted for 46.34% of the total portfolio value. The top five holdings remained relatively unchanged in Q1 2023, except for Honeywell, which saw a significant drop of 10.8% in portfolio value.
One of the most interesting changes was seen in PNC Financial Services Group Inc, which saw a massive leap of 1084.5% in holdings between Q4 and Q1. This spike in investment led PNC to become the second largest holding in the Bourgeon Capital portfolio for Q1. This sudden jump in investment could be an indicator of Bourgeon Capital's growth and increasing confidence in PNC's financial performance.
Another notable change was in the holdings of Amazon.com Inc. Bourgeon Capital increased its holdings by 4260.1% between Q4 2022 and Q1 2023, making it the eighth-largest holding on the portfolio. This jump in investment could indicate Bourgeon Capital's bullish sentiment for the company's growth prospects, despite the relatively small percentage of the total portfolio that Amazon comprises.
On the other hand, Energy Transfer L.P. and Exxon Mobil Corp saw a decline in the total percentage of portfolio value. The energy sector has been struggling in recent years, with dwindling investor confidence as governments around the world focus on alternative, sustainable energy sources. The fall in Exxon Mobil Corp's and Energy Transfer L.P.'s holdings could be seen as a reflection of Bourgeon Capital's skepticism that the sector will recover soon.
In conclusion, Bourgeon Capital's Q4 2022 and Q1 2023 filings indicate a firm standing on the importance of tech companies in the market. The filings also make it clear that the recent trend of investing in alternative energy sources has not yet caught the attention of Bourgeon Capital. The significant increase in PNC Financial Services Group Inc and Amazon.com Inc is an excellent indication of Bourgeon Capital's growth and increasing confidence in its chosen stocks. Overall, investors can use this filing to understand the significance of individual stocks and the overall market trend.
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