Puzo Michael J
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 10, 2025), Puzo Michael J reported 71 stock positions worth $366.6 million. Its top holding was Alphabet Class A (GOOGL) at 5.9% of the portfolio, followed by Nvidia (NVDA, 5.7%) and Apple (AAPL, 5.4%). Compared with Q2 2025, it opened 2 new positions, sold out of 2, added to 17 and reduced 38. The biggest buy was Apple (AAPL, shares +0%) and the biggest sale Novo-Nordisk A/S-Spons ADR (NVO, shares −87%).
- Most Recent 13F
- Q2 2026
- Location
- BOSTON, MA
- CIK
- 0001053914
- Portfolio Value
- $366.6M (Q3 2025)
- SEC Filing
- 0001053914-25-000003 ↗ filed Nov 10, 2025
Holdings Value
Holdings 71 stocks · $366.6M
| GOOGL Alphabet Inc. Class A | 5.90% | 88,943 | $21.6M | Reduce -1.2% |
| NVDA Nvidia Corp. | 5.70% | 112,006 | $20.9M | Reduce -5.3% |
| AAPL Apple Inc. | 5.39% | 77,599 | $19.8M | Add +0.0% |
| MSFT Microsoft Corp. | 5.22% | 36,965 | $19.1M | Reduce -0.2% |
| MA Mastercard Inc. Class A | 4.14% | 26,686 | $15.2M | Reduce -4.1% |
| RTX RTX Corp. | 3.65% | 79,874 | $13.4M | Reduce -2.5% |
| AMZN Amazon.com Inc. | 3.47% | 58,019 | $12.7M | Reduce -0.6% |
| ADI Analog Devices Inc. | 3.46% | 51,572 | $12.7M | Reduce -0.6% |
| ABT Abbott Laboratories | 3.38% | 92,613 | $12.4M | Add +0.7% |
| JNJ Johnson & Johnson | 3.36% | 66,429 | $12.3M | Reduce -1.7% |
| ADP Automatic Data Processing | 3.28% | 41,025 | $12.0M | Reduce -1.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 3.13% | 79,367 | $11.5M | Add +0.0% |
| PG The Procter & Gamble Co. | 2.92% | 69,788 | $10.7M | Reduce -0.2% |
| AMD Advanced Micro Devices | 2.80% | 63,447 | $10.3M | Reduce -5.8% |
| HD Home Depot Inc. | 2.80% | 25,332 | $10.3M | Reduce -0.1% |
| SBGSY Schneider Elect SE-Unsp ADR | 2.64% | 172,670 | $9.7M | Add +0.4% |
| ATR Aptargroup Inc. | 2.59% | 70,935 | $9.5M | Add +0.1% |
| XYL Xylem Inc. | 2.58% | 64,232 | $9.5M | Reduce -0.3% |
| ROK Rockwell Automation Inc. | 2.58% | 27,037 | $9.5M | Reduce -3.3% |
| DHR Danaher Corp. | 2.52% | 46,624 | $9.2M | Add +0.3% |
| FISV Fiserv Inc. | 2.36% | 67,204 | $8.7M | Add +0.3% |
| BRK.A Berkshire Hathaway Inc. Class A | 2.06% | 10 | $7.5M | Reduce -9.1% |
| CVX Chevron Corp. | 1.97% | 46,414 | $7.2M | Add +0.3% |
| CARR Carrier Global Corp. | 1.86% | 114,230 | $6.8M | Reduce -1.0% |
| UNH Unitedhealth Group Inc. | 1.85% | 19,605 | $6.8M | Add +17.7% |
| VRTX Vertex Pharmaceuticals Inc. | 1.66% | 15,501 | $6.1M | Add +1.1% |
| CNI Canadian Natl Railway Co. | 1.62% | 63,120 | $6.0M | Reduce -10.2% |
| LLY Eli Lilly & Co. | 1.57% | 7,559 | $5.8M | Add +65.0% |
| MKC McCormick & Co.-Non VTG SHRS | 1.38% | 75,667 | $5.1M | Reduce -0.5% |
| XOM Exxon Mobil Corp. | 1.16% | 37,694 | $4.2M | Reduce -0.3% |
| UBER Uber Technologies Inc. | 1.10% | 41,010 | $4.0M | Add +24.3% |
| AMAT Applied Materials Inc. | 0.96% | 17,212 | $3.5M | Add +85.2% |
| AXP American Express Co. | 0.96% | 10,568 | $3.5M | Add +36.0% |
| CRM Salesforce Inc. | 0.92% | 14,242 | $3.4M | Add +5.9% |
| MUNICH RE GROUP | 0.77% | 4,436 | $2.8M | Reduce -1.1% |
| SCHW Schwab (charles) Corp. | 0.62% | 23,903 | $2.3M | Add +34.5% |
| ABBV Abbvie Inc. | 0.60% | 9,422 | $2.2M | Reduce -0.3% |
| MRK Merck & Co. Inc. | 0.40% | 17,553 | $1.5M | Reduce -2.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.36% | 2,605 | $1.3M | Reduce -7.0% |
| WMT Walmart Inc. | 0.32% | 11,300 | $1.2M | Reduce -0.9% |
| EMR Emerson Electric Co. | 0.31% | 8,587 | $1.1M | Reduce -0.5% |
| CAT Caterpillar Inc. | 0.30% | 2,300 | $1.1M | Reduce -3.8% |
| NSRGY Nestle SA-Spons ADR | 0.28% | 11,210 | $1.0M | Reduce -52.6% |
| RHHBY Roche Holdings Ltd.-Spons ADR | 0.27% | 23,950 | $1.0M | No change |
| PEP Pepsico Inc. | 0.26% | 6,860 | $963K | Reduce -12.6% |
| ASML ASML Holding NV-NY Reg SHS | 0.21% | 795 | $773K | Reduce -0.6% |
| DE Deere & Co. | 0.18% | 1,480 | $677K | Reduce -0.7% |
| RELX Relx PLC - Spon ADR | 0.18% | 13,658 | $652K | Add +27.1% |
| UNP Union Pacific Corp. | 0.15% | 2,250 | $532K | No change |
| ECL Ecolab Inc. | 0.13% | 1,675 | $459K | No change |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 0.12% | 3,500 | $456K | No change |
| V Visa Inc. Class A | 0.12% | 1,330 | $454K | No change |
| WFC Wells Fargo & Co. | 0.11% | 5,000 | $419K | No change |
| GOOG Alphabet Inc. Class C | 0.11% | 1,620 | $395K | Reduce -4.7% |
| SHEL Shell PLC-ADR | 0.11% | 5,450 | $390K | No change |
| FXAIX Fidelity 500 Index Fund | 0.09% | 1,442 | $336K | Reduce -12.2% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.09% | 5,775 | $320K | Reduce -86.8% |
| FNCMX Fidelity Nasdaq Compos Indx | 0.09% | 1,103 | $318K | Reduce -15.3% |
| INTC Intel Corp. | 0.08% | 8,832 | $296K | New |
| SYY Sysco Corp. | 0.08% | 3,375 | $278K | No change |
| OZK Bank Ozk | 0.07% | 5,390 | $275K | No change |
| JPM JPMorgan Chase & Co. | 0.07% | 840 | $265K | Reduce -1.2% |
| KO The Coca-Cola Co. | 0.07% | 3,920 | $260K | Reduce -0.5% |
| IDXX Idexx Laboratories Inc. | 0.07% | 400 | $256K | No change |
| TXN Texas Instruments Inc. | 0.07% | 1,350 | $248K | No change |
| NUE Nucor Corp. | 0.07% | 1,800 | $244K | No change |
| META Meta Platforms Inc. Class A | 0.07% | 325 | $239K | Reduce -13.3% |
| HON Honeywell International Inc. | 0.06% | 1,123 | $236K | No change |
| GILD Gilead Sciences Inc. | 0.06% | 1,976 | $219K | Reduce -5.9% |
| CSCO Cisco Systems Inc. | 0.06% | 3,160 | $216K | No change |
| VSMAX Vangrd Mrgstr SML CP Idx-Adm | 0.06% | 1,700 | $207K | New |
Portfolio Sells Q2 2025 → Q3 2025
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -86.8% | 0.09% | −0.78 |
| CARR Carrier Global Corp. | Reduce -1.0% | 1.86% | −0.55 |
| CNI Canadian Natl Railway Co. | Reduce -10.2% | 1.62% | −0.46 |
| NSRGY Nestle SA-Spons ADR | Reduce -52.6% | 0.28% | −0.39 |
| ADP Automatic Data Processing | Reduce -1.7% | 3.28% | −0.38 |
| MA Mastercard Inc. Class A | Reduce -4.1% | 4.14% | −0.31 |
| MKC McCormick & Co.-Non VTG SHRS | Reduce -0.5% | 1.38% | −0.26 |
| PG The Procter & Gamble Co. | Reduce -0.2% | 2.92% | −0.25 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -9.1% | 2.06% | −0.23 |
| AMZN Amazon.com Inc. | Reduce -0.6% | 3.47% | −0.17 |
| NVS Novartis AG-Sponsored ADR | Sold out | 0.00% | −0.07 |
| ROK Rockwell Automation Inc. | Reduce -3.3% | 2.58% | −0.07 |
| ADI Analog Devices Inc. | Reduce -0.6% | 3.46% | −0.06 |
| CL Colgate-Palmolive Co. | Sold out | 0.00% | −0.06 |
| MUNICH RE GROUP | Reduce -1.1% | 0.77% | −0.05 |
| PEP Pepsico Inc. | Reduce -12.6% | 0.26% | −0.03 |
| DE Deere & Co. | Reduce -0.7% | 0.18% | −0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -7.0% | 0.36% | −0.03 |
| MSFT Microsoft Corp. | Reduce -0.2% | 5.22% | −0.03 |
| EMR Emerson Electric Co. | Reduce -0.5% | 0.31% | −0.02 |
| META Meta Platforms Inc. Class A | Reduce -13.3% | 0.07% | −0.01 |
| FXAIX Fidelity 500 Index Fund | Reduce -12.2% | 0.09% | −0.01 |
| FNCMX Fidelity Nasdaq Compos Indx | Reduce -15.3% | 0.09% | −0.01 |
| KO The Coca-Cola Co. | Reduce -0.5% | 0.07% | −0.01 |
| GILD Gilead Sciences Inc. | Reduce -5.9% | 0.06% | −0.01 |
| MRK Merck & Co. Inc. | Reduce -2.3% | 0.40% | −0.00 |
| XOM Exxon Mobil Corp. | Reduce -0.3% | 1.16% | −0.00 |
| WMT Walmart Inc. | Reduce -0.9% | 0.32% | +0.00 |
| JPM JPMorgan Chase & Co. | Reduce -1.2% | 0.07% | +0.00 |
| GOOG Alphabet Inc. Class C | Reduce -4.7% | 0.11% | +0.02 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -0.6% | 0.21% | +0.03 |
| CAT Caterpillar Inc. | Reduce -3.8% | 0.30% | +0.04 |
| AMD Advanced Micro Devices | Reduce -5.8% | 2.80% | +0.08 |
| ABBV Abbvie Inc. | Reduce -0.3% | 0.60% | +0.10 |
| HD Home Depot Inc. | Reduce -0.1% | 2.80% | +0.15 |
| XYL Xylem Inc. | Reduce -0.3% | 2.58% | +0.21 |
| RTX RTX Corp. | Reduce -2.5% | 3.65% | +0.24 |
| NVDA Nvidia Corp. | Reduce -5.3% | 5.70% | +0.38 |
| JNJ Johnson & Johnson | Reduce -1.7% | 3.36% | +0.42 |
| GOOGL Alphabet Inc. Class A | Reduce -1.2% | 5.90% | +1.38 |
Portfolio Buys Q2 2025 → Q3 2025
| AAPL Apple Inc. | Add +0.0% | 5.39% | +0.85 |
| LLY Eli Lilly & Co. | Add +65.0% | 1.57% | +0.56 |
| AMAT Applied Materials Inc. | Add +85.2% | 0.96% | +0.48 |
| UNH Unitedhealth Group Inc. | Add +17.7% | 1.85% | +0.37 |
| TJX TJX Companies Inc. | Add +0.0% | 3.13% | +0.34 |
| AXP American Express Co. | Add +36.0% | 0.96% | +0.25 |
| UBER Uber Technologies Inc. | Add +24.3% | 1.10% | +0.22 |
| SCHW Schwab (charles) Corp. | Add +34.5% | 0.62% | +0.16 |
| INTC Intel Corp. | New | 0.08% | +0.08 |
| CVX Chevron Corp. | Add +0.3% | 1.97% | +0.08 |
| VSMAX Vangrd Mrgstr SML CP Idx-Adm | New | 0.06% | +0.06 |
| SBGSY Schneider Elect SE-Unsp ADR | Add +0.4% | 2.64% | +0.02 |
| RELX Relx PLC - Spon ADR | Add +27.1% | 0.18% | +0.01 |
| DHR Danaher Corp. | Add +0.3% | 2.52% | −0.09 |
| CRM Salesforce Inc. | Add +5.9% | 0.92% | −0.12 |
| ABT Abbott Laboratories | Add +0.7% | 3.38% | −0.18 |
| VRTX Vertex Pharmaceuticals Inc. | Add +1.1% | 1.66% | −0.29 |
| ATR Aptargroup Inc. | Add +0.1% | 2.59% | −0.57 |
| FISV Fiserv Inc. | Add +0.3% | 2.36% | −0.93 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 66 | $387.9M | AMD, GOOGL, NVDA, AAPL, AMAT |
| Q1 2026 | 67 | $343.4M | GOOGL, NVDA, AAPL, ADI, JNJ |
| Q4 2025 | 71 | $367.3M | GOOGL, AAPL, NVDA, MSFT, MA |
| Q3 2025 | 71 | $366.6M | GOOGL, NVDA, AAPL, MSFT, MA |
| Q2 2025 | 71 | $351.0M | NVDA, MSFT, AAPL, GOOGL, MA |
| Q1 2025 | 73 | $349.0M | AAPL, MA, FISV, MSFT, GOOGL |
| Q4 2024 | 73 | $357.7M | AAPL, GOOGL, NVDA, MA, MSFT |
| Q3 2024 | 76 | $382.5M | AAPL, MSFT, NVDA, GOOGL, MA |
| Q2 2024 | 73 | $360.3M | AAPL, GOOGL, NVDA, MSFT, MA |
| Q1 2024 | 75 | $360.8M | MSFT, GOOGL, AAPL, AMD, MA |