PUZO MICHAEL J
Long book
$343.4M
Q1 2026
Positions
67
Top-10 weight
45%
concentration
Last quarter
+17.4%
SPY +14.8%
Turnover
21%
of book per quarter
Strategy in plain words
auto-generated from filingsPUZO MICHAEL J is a diversified fundamental manager, running a $343.4M US long book across 67 positions.
The portfolio is moderately concentrated (top 10 ≈ 45% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: ALPHABET INC-CL A, NVIDIA CORP, APPLE INC, ANALOG DEVICES INC, JOHNSON & JOHNSON.
Over the last 9 quarters its long book ran on average 0.9pp per quarter behind the S&P 500, beating the index in 5 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.0%
Q2 2024
+6.2%
Q3 2024
-2.2%
Q4 2024
-1.1%
Q1 2025
+4.9%
Q2 2025
+5.3%
Q3 2025
+3.7%
Q4 2025
-3.4%
Q1 2026
+17.4%
Sector allocation
Technology 39%
Healthcare 13%
Consumer discretionary 10%
Industrials 10%
Other 8%
Financials 7%
Services media 6%
Energy 5%
Long book by quarter
What does PUZO MICHAEL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| GOOGL ALPHABET INC-CL A | Technology | 74.5K | $21.4M | 6.2% | -7.5% |
| NVDA NVIDIA CORP | Technology | 107.1K | $18.7M | 5.4% | -1.7% |
| AAPL APPLE INC | Technology | 72.9K | $18.5M | 5.4% | -3.4% |
| ADI ANALOG DEVICES INC | Technology | 48.3K | $15.4M | 4.5% | -6.0% |
| JNJ JOHNSON & JOHNSON | Healthcare | 61.2K | $15.0M | 4.4% | -6.4% |
| MSFT MICROSOFT CORP | Technology | 38.0K | $14.1M | 4.1% | +2.4% |
| RTX RTX CORP | Industrials | 70.7K | $13.6M | 4.0% | -8.5% |
| TJX TJX COMPANIES INC | Consumer discretionary | 78.4K | $12.5M | 3.6% | -2.1% |
| MA MASTERCARD INC - A | Services media | 24.9K | $12.4M | 3.6% | -3.1% |
| AMZN AMAZON.COM INC | Consumer discretionary | 59.6K | $12.4M | 3.6% | +3.7% |
| AMD ADVANCED MICRO DEVICES | Technology | 54.3K | $11.0M | 3.2% | -3.5% |
| PG PROCTER & GAMBLE CO/THE | Other | 67.8K | $9.8M | 2.8% | -3.6% |
| ABT ABBOTT LABORATORIES | Healthcare | 91.8K | $9.4M | 2.7% | -2.2% |
| ROK ROCKWELL AUTOMATION INC | Other | 26.1K | $9.4M | 2.7% | -2.9% |
| CVX CHEVRON CORP | Energy | 44.6K | $9.2M | 2.7% | -3.9% |
| AMAT APPLIED MATERIALS INC | Technology | 25.6K | $8.7M | 2.5% | -0.6% |
| DHR DANAHER CORP | Technology | 45.8K | $8.7M | 2.5% | -2.0% |
| ATR APTARGROUP INC | Other | 66.9K | $8.4M | 2.5% | -5.3% |
| ADP AUTOMATIC DATA PROCESSING | Technology | 39.9K | $8.1M | 2.4% | -2.4% |
| LLY ELI LILLY & CO | Healthcare | 8.8K | $8.1M | 2.4% | +7.2% |
| HD HOME DEPOT INC | Consumer discretionary | 24.6K | $8.1M | 2.4% | -3.2% |
| XYL XYLEM INC | Industrials | 65.5K | $7.8M | 2.3% | +1.9% |
| VRTX VERTEX PHARMACEUTICALS INC | Healthcare | 15.4K | $6.9M | 2.0% | +0.3% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 9 | $6.5M | 1.9% | Held |
| XOM EXXON MOBIL CORP | Energy | 33.0K | $5.6M | 1.6% | -12.4% |
| CNI CANADIAN NATL RAILWAY CO | Industrials | 52.7K | $5.4M | 1.6% | -7.6% |
| UBER UBER TECHNOLOGIES INC | Services media | 68.6K | $4.9M | 1.4% | +25.4% |
| AXP AMERICAN EXPRESS CO | Financials | 16.3K | $4.9M | 1.4% | +9.2% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 49.6K | $4.7M | 1.4% | +19.5% |
| UNH UNITEDHEALTH GROUP INC | Financials | 11.5K | $3.1M | 0.9% | -38.0% |
| FISV FISERV INC | Services media | 44.0K | $2.5M | 0.7% | -28.0% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 4.6K | $2.2M | 0.6% | +14.8% |
| MRK MERCK & CO. INC. | Healthcare | 17.6K | $2.1M | 0.6% | Held |
| ABBV ABBVIE INC | Healthcare | 9.4K | $2.0M | 0.6% | Held |
| AVGO BROADCOM INC | Technology | 5.5K | $1.7M | 0.5% | +285.1% |
| WCN WASTE CONNECTIONS INC | Utilities | 8.5K | $1.4M | 0.4% | New |
| MKC MCCORMICK & CO-NON VTG SHRS | Consumer staples | 25.0K | $1.3M | 0.4% | -42.5% |
| CARR CARRIER GLOBAL CORP | Industrials | 22.3K | $1.3M | 0.4% | -8.0% |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 920 | $1.2M | 0.4% | +17.2% |
| NEE NEXTERA ENERGY INC | Utilities | 11.1K | $1.0M | 0.3% | New |
| EMR EMERSON ELECTRIC CO | Industrials | 7.0K | $915K | 0.3% | -18.6% |
| WMT WALMART INC | Consumer discretionary | 7.2K | $895K | 0.3% | -31.8% |
| PEP PEPSICO INC | Consumer staples | 5.4K | $835K | 0.2% | -11.5% |
| CAT CATERPILLAR INC | Industrials | 1.1K | $797K | 0.2% | -51.1% |
| DE DEERE & CO | Industrials | 1.1K | $608K | 0.2% | -27.0% |
| UNP UNION PACIFIC CORP | Industrials | 2.3K | $546K | 0.2% | Held |
| BMO BANK OF MONTREAL | Financials | 3.5K | $474K | 0.1% | Held |
| GOOG ALPHABET INC-CL C | Technology | 1.6K | $448K | 0.1% | Held |
| JPM JPMORGAN CHASE & CO | Financials | 1.5K | $429K | 0.1% | +73.8% |
| WFC WELLS FARGO & CO | Financials | 5.0K | $398K | 0.1% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 7, 2026 | 379 | $343.4M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 371 | $367.3M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 10, 2025 | 377 | $366.6M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 23, 2025 | 316 | $351.0M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 21, 2025 | 322 | $349.0M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 274 | $357.7M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 282 | $382.5M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 12, 2024 | 283 | $360.3M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 293 | $360.8M | canonical | SEC ↗ |
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