Bull Harbor's Q1 Investments
Bull Harbor Capital Significantly Expands Holdings in Broadcom, Walmart, and Other Key Stocks
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Key Points
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Broadcom remains a top-10 holding for Bull Harbor Capital, ranked as the fund's 10th largest position after acquiring 11,251 shares (~$3.48 million) in Q1.
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Bull Harbor's Walmart position is now among its larger bets but ranks as the 12th largest holding, comprising about 0.9% of its portfolio with 26,488 shares purchased for roughly $3.29 million.
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Fortinet attracts significant institutional ownership; Bull Harbor’s 16,460-share stake adds to a stock with 83.71% of its shares held by institutional investors, as other funds increased stakes substantially (e.g., Arrowstreet, First Trust Advisors).
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Johnson Controls International shows high institutional ownership (about 90.05%), alongside Bull Harbor’s 7,669-share stake worth around $1.0 million, reflecting broad investor interest in JCI amid positive earnings news and guidance upgrades.
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Centene’s 63,275-share stake (~$2.07 million) coincides with heavy institutional ownership (about 93.63%) and comes as Centene reported strong earnings, with adjusted EPS of $2.51 and revenue of $53.58 billion.
Bull Harbor Capital LLC made a flurry of new bets in the first quarter, snapping up shares in Broadcom, Walmart, Fortinet, Johnson Controls, and Centene. The moves signal a broad push into blue-chip tech and healthcare names, according to Watchlist News.
The fund's biggest new purchase by share count was Centene, where it bought 63,275 shares worth about $2.07 million. Its priciest new bet was Broadcom, where 11,251 shares cost roughly $3.48 million.
Broadcom and Walmart Become Bull Harbor's Largest New Positions
Bull Harbor's Broadcom stake is now its 10th largest holding, making up about 0.9% of its total portfolio, according to Watchlist News. The fund paid roughly $3.48 million for 11,251 shares of the chip giant in Q1.
Walmart was not far behind. Bull Harbor bought 26,488 shares valued at about $3.29 million. That stake ranks as the fund's 12th largest position. It also accounts for about 0.9% of its total holdings. Both are widely held by institutional investors.
Fortinet Draws Heavy Institutional Money Alongside Bull Harbor
Bull Harbor picked up 16,460 shares of cybersecurity firm Fortinet for around $1.35 million. It joined a crowd of big buyers. Arrowstreet and First Trust Advisors also grew their Fortinet stakes in the same period, according to Watchlist News.
Fortinet is heavily owned by institutions. About 83.71% of its shares are held by institutional investors. That level of ownership signals strong professional confidence in the stock.
Johnson Controls Wins a Million-Dollar Bet From Bull Harbor
Bull Harbor put about $1.0 million into Johnson Controls International, buying 7,669 shares. The building-systems company already sees about 90.05% of its shares held by institutions, according to Watchlist News.
The buy comes as Johnson Controls posted positive earnings news and guidance upgrades. Multiple other institutions also expanded their JCI stakes during the quarter. The stock appears to be gaining broad Wall Street backing.
Centene's Strong Earnings Back Bull Harbor's Largest Share Buy
Bull Harbor's biggest share purchase was in Centene, the managed-care company. It bought 63,275 shares for around $2.07 million. Centene reported strong results, with adjusted earnings per share of $2.51 and revenue of $53.58 billion, according to Watchlist News.
Institutions already own about 93.63% of Centene's shares. That is one of the highest ownership rates among Bull Harbor's new picks. The heavy institutional interest suggests broad confidence in Centene's business despite ongoing pressures in the managed-care sector.
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