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MJP

Michael J. Puzo Portfolio holdings

AUM $343M
1-Year Est. Return 18.42%
This Fund
S&P 500
This Quarter Est. Return
+5.54%
1 Year Est. Return
+18.42%
3 Year Est. Return
+60.27%
5 Year Est. Return
+82.68%
10 Year Est. Return
+283.93%
AUM
$367M
AUM Growth
+$731K
Cap. Flow
-$11.7M
Cap. Flow %
-3.18%
Top 10 Hldgs %
45.15%
Holding
72
New
1
Increased
17
Reduced
28
Closed
1

Top Buys

Rank Stock Value
1
AMAT icon
Applied Materials
AMAT
+$2.04M
2
SCHW
Charles Schwab
SCHW
+$1.67M
3
AXP icon
American Express
AXP
+$1.56M
4
UBER icon
Uber
UBER
+$1.23M
5
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$694K

Top Sells

Rank Stock Value
1
CARR icon
Carrier Global
CARR
+$5M
2
CRM icon
Salesforce
CRM
+$3.25M
3
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$2.4M
4
MKC icon
McCormick & Company Non-Voting
MKC
+$2.13M
5
AMD icon
Advanced Micro Devices
AMD
+$1.62M

Sector Composition

Rank Sector Weight
1 Technology 30.74%
2 Healthcare 19.34%
3 Industrials 12.18%
4 Financials 9.53%
5 Consumer Discretionary 9.34%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CNI icon
26
Canadian National Railway
CNI
$78B
$5.64M 1.53%
57,010
-6,110
-10% -$587K
AXP icon
27
American Express
AXP
$229B
$5.52M 1.5%
14,918
+4,350
+41% +$1.56M
XOM icon
28
ExxonMobil
XOM
$642B
$4.53M 1.23%
37,636
-58
-0.2% -$6.73K
UBER icon
29
Uber
UBER
$139B
$4.47M 1.22%
54,685
+13,675
+33% +$1.23M
SCHW
30
Charles Schwab
SCHW
$181B
$4.14M 1.13%
41,485
+17,582
+74% +$1.67M
FISV
31
Fiserv Inc
FISV
$27.9B
$4.1M 1.12%
61,088
-6,116
-9% -$512K
MKC icon
32
McCormick & Company Non-Voting
MKC
$13.6B
$2.96M 0.81%
43,527
-32,140
-42% -$2.13M
ABBV icon
33
AbbVie
ABBV
$454B
$2.15M 0.59%
9,422
– –
BRK.B icon
34
Berkshire Hathaway Class B
BRK.B
$1.07T
$2.01M 0.55%
4,000
+1,395
+54% +$694K
MRK icon
35
Merck
MRK
$323B
$1.85M 0.5%
17,553
– –
CAT icon
36
Caterpillar
CAT
$402B
$1.32M 0.36%
2,300
– –
CARR icon
37
Carrier Global
CARR
$57.6B
$1.28M 0.35%
24,235
-89,995
-79% -$5M
WMT icon
38
Walmart Inc
WMT
$889B
$1.18M 0.32%
10,550
-750
-7% -$80.5K
EMR icon
39
Emerson Electric
EMR
$83.6B
$1.14M 0.31%
8,587
– –
PEP icon
40
PepsiCo
PEP
$191B
$872K 0.24%
6,075
-785
-11% -$115K
ASML icon
41
ASML
ASML
$636B
$840K 0.23%
785
-10
-1% -$10.4K
DE icon
42
Deere & Co
DE
$169B
$689K 0.19%
1,480
– –
RELX icon
43
RELX
RELX
$62.3B
$573K 0.16%
14,175
+517
+4% +$22.1K
UNP icon
44
Union Pacific
UNP
$178B
$520K 0.14%
2,250
– –
AVGO icon
45
Broadcom
AVGO
$1.82T
$495K 0.13%
+1,430
New +$511K
GOOG icon
46
Alphabet (Google) Class C
GOOG
$3.99T
$490K 0.13%
1,560
-60
-4% -$17.2K
V icon
47
Visa
V
$689B
$466K 0.13%
1,330
– –
WFC icon
48
Wells Fargo
WFC
$264B
$466K 0.13%
5,000
– –
BMO icon
49
Bank of Montreal
BMO
$125B
$454K 0.12%
3,500
– –
ECL icon
50
Ecolab
ECL
$76.4B
$440K 0.12%
1,675
– –
1
2
3

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CWM
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BA
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TCMNY
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SMG
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FMB
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LKIM
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Michael J. Puzo's Q4 2025 Portfolio in Review

As of Q4 2025, Michael J. Puzo held 72 positions worth $367M, up 0.2% from $367M the previous quarter. Its ten largest holdings account for 45% of the portfolio.

Michael J. Puzo withdrew a net $11.7M in Q4 2025, closing 1 position and reducing 28 holdings. Its most notable exit was Novo Nordisk, an estimated $320K position sold in full.

By sector, the portfolio is most concentrated in Technology at 31% of assets, down from 32% a quarter earlier, followed by Healthcare and Industrials.

Against the trend, Michael J. Puzo opened a new position in Broadcom worth $495K.

  • Michael J. Puzo's largest Q4 2025 buy was Broadcom: 1,430 shares worth $495K.
  • Michael J. Puzo added most to Applied Materials in Q4 2025, an estimated $2.04M increase.
  • Michael J. Puzo's biggest Q4 2025 reduction was Carrier Global, cutting an estimated $5M.
  • Michael J. Puzo fully exited Novo Nordisk in Q4 2025, selling an estimated $320K.
  • Michael J. Puzo's ten largest holdings make up 45% of its $367M portfolio in Q4 2025.
  • Michael J. Puzo opened 1 new position and closed 1 in Q4 2025.
  • Michael J. Puzo's portfolio value rose 0.2% quarter-over-quarter to $367M.

Based on Michael J. Puzo's 13F filing for Q4 2025, filed 17 Feb 2026.