SEC 13F Intelligence

Managers / Q2 2025 · view latest →

PUZO MICHAEL J

CIK 0001053914

Reported Value
$351M
Q2 2025
Positions
316
Filings on Record
30
2019–present window
Filed
Jul 23, 2025
original filing

Summary

Puzo Michael J reported $351M in U.S.-listed holdings across 316 positions for Q2 2025.

Its largest position, NVDA, represents 2.7% of the portfolio.

Compared with Q1 2025, the fund opened 2 new positions and exited 4.

Portfolio Metrics

Turnover
+8.0%
vs prior filed quarter
Top-10 Concentration
+22.6%
share of reported value
Largest Position
+2.7%
Nvidia
New / Exited
2 / 4
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $225MQ4 ’18Q1 ’19: $257MQ2 ’19: $269MQ3 ’19: $266MQ4 ’19: $279MQ4 ’19Q1 ’20: $227MQ2 ’20: $267MQ3 ’20: $281MQ4 ’20: $306MQ4 ’20Q1 ’21: $314MQ2 ’21: $322MQ3 ’21: $316MQ4 ’21: $354MQ4 ’21Q1 ’22: $332MQ2 ’22: $282MQ3 ’22: $263MQ4 ’22: $277MQ4 ’22Q1 ’23: $300MQ2 ’23: $316MQ3 ’23: $295MQ4 ’23: $315MQ4 ’23Q1 ’24: $361MQ2 ’24: $360MQ3 ’24: $383MQ4 ’24: $358MQ4 ’24Q1 ’25: $349MQ2 ’25: $351MQ3 ’25: $367MQ4 ’25: $367MQ4 ’25Q1 ’26: $343Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 94.0%ADR: 4.8%Other: 1.0%Open-End Fund: 0.2%
  • Common Stock · 94.0% · $330M
  • ADR · 4.8% · $17M
  • Other · 1.0% · $4M
  • Open-End Fund · 0.2% · $692,072

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AMATAPPLIED MATERIALNEW+9.3K9.3K+$2M$2M
IDXXIDEXX CORPNEW+400400+$214,536$214,536
SCHWCHARLES SCHWABADDED+12.9K17.8K+$1M$2M
AXPAMERICAN EXPRESSADDED+4.9K7.8K+$2M$2M
UBERUBER TECHNOLOGIES INCADDED+17.0K33.0K+$2M$3M
BALLBALL CORPSOLD OUT−54.5K0−$3M$0
BDXBECTON DICKINSONSOLD OUT−5.8K0−$1M$0
ADBEADOBE SYSSOLD OUT−1.1K0−$403,090$0

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2025

29 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFThistory →COM4.53%$16M31.9K
2NVDANVIDIA CORPhistory →COM4.03%$14M89.6K
3AAPLAPPLEhistory →COM3.50%$12M59.8K
4GOOGLALPHABET INC CL Ahistory →COM3.49%$12M69.5K
5MAMASTERCARDhistory →COM3.44%$12M21.5K
6ADPAUTOMATIC DATA PROCESSINGhistory →COM2.75%$10M31.3K
7ABTABBOTT LABShistory →COM2.71%$10M69.9K
8AMZNAMAZON.COMhistory →COM2.71%$9M43.3K
9ADIANALOG DEVICEShistory →COM2.67%$9M39.3K
10FISVFISERVhistory →COM2.54%$9M51.7K
11RTXRTX CORPORATIONhistory →COM2.50%$9M60.1K
12ATRAPTARGROUPhistory →COM2.46%$9M55.2K
13BRK/ABERKSHIRE HATHAWAY CL Ahistory →COM2.28%$8M11
14JNJJOHNSON AND JOHNSONhistory →COM2.18%$8M50.0K
15TJXTJX COShistory →COM2.10%$7M59.6K
16ROKROCKWELL AUTOMATIONhistory →COM2.09%$7M22.1K
17DHRDANAHER CORPhistory →COM2.01%$7M35.7K
18SCHNEIDER ELEC SA ADRCOM1.99%$7M130.7K
19HDHOME DEPOThistory →COM1.97%$7M18.9K
20CARRCARRIER GLOBALhistory →COM1.85%$6M88.8K
21PGPROCTER & GAMBLEhistory →COM1.71%$6M37.6K
22CNRCANADIAN NATL RAILWAYhistory →COM1.65%$6M55.8K
23AMDADVANCED MICRO DEVICEShistory →COM1.36%$5M33.6K
24XYLXYLEM INChistory →COM1.28%$4M34.7K
25CHVCHEVRONhistory →COM1.24%$4M30.3K
26VRTXVERTEX PHARMACEUTICALShistory →COM1.06%$4M8.3K
27MCXMCCORMICK & COCOM0.87%$3M40.2K
28UNHUNITEDHEALTH GROUPCOM0.77%$3M8.7K
29PGPROCTER & GAMBLECOM0.71%$2M15.6K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$343M379May 7, 202613F-HRchanges · EDGAR ↗
Q4 2025$367M371Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$367M377Nov 10, 202513F-HRchanges · EDGAR ↗
Q2 2025$351M316Jul 23, 202513F-HRchanges · EDGAR ↗
Q1 2025$349M322Apr 21, 202513F-HRchanges · EDGAR ↗
Q4 2024$358M274Feb 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$383M282Nov 12, 202413F-HRchanges · EDGAR ↗
Q2 2024$360M283Aug 12, 202413F-HRchanges · EDGAR ↗
Q1 2024$361M293May 13, 202413F-HRchanges · EDGAR ↗
Q4 2023$315M280Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$295M290Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$316M300Aug 11, 202313F-HRchanges · EDGAR ↗
Q1 2023$300M299May 11, 202313F-HRchanges · EDGAR ↗
Q4 2022$277M294Feb 9, 202313F-HRchanges · EDGAR ↗
Q3 2022$263M299Nov 8, 202213F-HRchanges · EDGAR ↗
Q2 2022$282M299Jul 19, 202213F-HRchanges · EDGAR ↗
Q1 2022$332M306May 17, 202213F-HRchanges · EDGAR ↗
Q4 2021$354M306Feb 8, 202213F-HRchanges · EDGAR ↗
Q3 2021$316M288Nov 10, 202113F-HRchanges · EDGAR ↗
Q2 2021$322M291Aug 9, 202113F-HRchanges · EDGAR ↗
Q1 2021$314M292May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$306M293Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$281M510Oct 28, 202013F-HRchanges · EDGAR ↗
Q2 2020$267M505Jul 28, 202013F-HRchanges · EDGAR ↗
Q1 2020$227M484May 7, 202013F-HRchanges · EDGAR ↗
Q4 2019$279M498Jan 15, 202013F-HRchanges · EDGAR ↗
Q3 2019$266M521Nov 6, 201913F-HRchanges · EDGAR ↗
Q2 2019$269M548Jul 24, 201913F-HRchanges · EDGAR ↗
Q1 2019$257M528May 1, 201913F-HRchanges · EDGAR ↗
Q4 2018$225M517Jan 24, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 5 additional managers.

  • Broderick Brian C028-11136
  • SOMERVILLE KURT F028-10379
  • Kidder Stephen W028-11134
  • Dempze Nancy E028-17236
  • Elefante Mark B028-17226

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.