SEC 13F Intelligence

Managers / Q3 2025 · view latest →

PUZO MICHAEL J

CIK 0001053914

Reported Value
$367M
Q3 2025
Positions
377
Filings on Record
30
2019–present window
Filed
Nov 10, 2025
original filing

Summary

Puzo Michael J reported $367M in U.S.-listed holdings across 377 positions for Q3 2025.

Its largest position, GOOGL, represents 3.2% of the portfolio.

Compared with Q2 2025, the fund opened 2 new positions and exited 2.

Portfolio Metrics

Turnover
+4.6%
vs prior filed quarter
Top-10 Concentration
+23.4%
share of reported value
Largest Position
+3.2%
Alphabet
New / Exited
2 / 2
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: 95.2%ADR: 3.6%Other: 1.0%Open-End Fund: 0.2%
  • Common Stock · 95.2% · $349M
  • ADR · 3.6% · $13M
  • Other · 1.0% · $4M
  • Open-End Fund · 0.2% · $861,135

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
INTCINTELNEW+8.8K8.8K+$296,314$296,314
VANGUARD SMALL CAP INDEX FD ADNEW+1.7K1.7K+$207,077$207,077
NVSNNOVARTIS AG ADRSOLD OUT−2.0K0−$246,255$0
CLCOLGATE-PALMOLIVESOLD OUT−2.4K0−$218,614$0
NVONOVO NORDISK A S ADRTRIMMED−38.2K5.8K−$3M$320,455
AMATAPPLIED MATERIALADDED+7.9K17.2K+$2M$4M
LLYELI LILLY & COADDED+3.0K7.6K+$2M$6M
NESTLE SA ADRTRIMMED−12.5K11.2K−$1M$1M

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

Holdings — Q3 2025

31 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GOOGLALPHABET INC CL Ahistory →COM5.10%$19M76.8K
2MSFTMICROSOFThistory →COM4.40%$16M31.2K
3NVDANVIDIA CORPhistory →COM4.28%$16M84.0K
4AAPLAPPLEhistory →COM4.08%$15M58.8K
5MAMASTERCARDhistory →COM3.14%$11M20.2K
6RTXRTX CORPORATIONhistory →COM2.63%$10M57.6K
7ADIANALOG DEVICEShistory →COM2.61%$10M39.0K
8ABTABBOTT LABShistory →COM2.54%$9M69.5K
9AMZNAMAZON.COMhistory →COM2.54%$9M42.3K
10JNJJOHNSON AND JOHNSONhistory →COM2.43%$9M48.0K
11ADPAUTOMATIC DATA PROCESSINGhistory →COM2.40%$9M30.0K
12TJXTJX COShistory →COM2.30%$8M58.4K
13HDHOME DEPOThistory →COM2.06%$8M18.7K
14BRK/ABERKSHIRE HATHAWAY CL Ahistory →COM2.06%$8M10
15ROKROCKWELL AUTOMATIONhistory →COM2.00%$7M20.9K
16SCHNEIDER ELEC SA ADRCOM1.97%$7M128.6K
17ATRAPTARGROUPhistory →COM1.96%$7M53.9K
18DHRDANAHER CORPhistory →COM1.90%$7M35.2K
19PGPROCTER & GAMBLEhistory →COM1.56%$6M37.3K
20AMDADVANCED MICRO DEVICEShistory →COM1.40%$5M31.7K
21XYLXYLEM INChistory →COM1.40%$5M34.7K
22CHVCHEVRONhistory →COM1.28%$5M30.3K
23FISVFISERVhistory →COM1.28%$5M36.4K
24CARRCARRIER GLOBALCOM0.99%$4M61.0K
25VRTXVERTEX PHARMACEUTICALSCOM0.88%$3M8.2K
26UNHUNITEDHEALTH GROUPCOM0.87%$3M9.2K
27CNRCANADIAN NATL RAILWAYCOM0.84%$3M32.5K
28LLYELI LILLY & COCOM0.80%$3M3.9K
29MCXMCCORMICK & COCOM0.73%$3M40.1K
30PGPROCTER & GAMBLECOM0.62%$2M14.8K
31AXPAMERICAN EXPRESSCOM0.55%$2M6.1K

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 ↗.