Matrix Asset Advisors

Q1 2014 13F · by David Katz, CIO

As of: Mar 31, 2014
Filed: May 7, 2014
US stock: $836M · prev $824M
Positions: 80 · prev 77
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves68 since the prior filing

+5.7 pp in · −5.7 pp out

New 6 +2.01 pp
Added 31 +3.70 pp
Trimmed 28 −3.01 pp
Exited 3 −2.67 pp

The book

Focused · behaves like 38 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 22% a year, about 4.5 years per position

Low
Moderate
High

Top 5 positions19% of US stock

JPM JPMorgan Chase & Co. trimmed+0.07 pp trimmed+0.074.3%
WFC Wells Fargo & Co. trimmed+0.14 pp trimmed+0.144.2%
JNJ Johnson & Johnson added+0.22 pp added+0.223.6%
MET MetLife, Inc. trimmed−0.19 pp trimmed−0.193.4%
SLB SLB Limited trimmed+0.18 pp trimmed+0.183.4%

Positions80 in this filing · 3 exited


JPMJPMorgan Chase & Co.	4.25%	585,578	$36M	trimmed−1%	+0.07 pp	4 q
WFCWells Fargo & Co.	4.18%	702,840	$35M	trimmed−4%	+0.14 pp	4 q
JNJJohnson & Johnson	3.59%	305,418	$30M	added+1%	+0.22 pp	4 q
METMetLife, Inc.	3.44%	544,066	$29M	trimmed−2%	−0.19 pp	4 q
SLBSLB Limited	3.44%	295,112	$29M	trimmed−1%	+0.18 pp	4 q
MSFTMicrosoft Corp	3.41%	695,056	$28M	trimmed−2%	+0.20 pp	4 q
BBTTruist Financial Corporation	3.28%	683,367	$27M	trimmed−0%	+0.18 pp	4 q
PGProcter & Gamble Company	3.23%	334,698	$27M	added+7%	+0.15 pp	4 q
OXYOccidental Petroleum Corporation	3.14%	275,134	$26M	added+3%	+0.05 pp	4 q
DVNDevon Energy Corporation	3.02%	377,666	$25M	added+5%	+0.33 pp	4 q
QCOMQualcomm Inc	2.98%	315,842	$25M	added0%	+0.14 pp	3 q
ZBHZimmer Biomet Holdings, Inc.	2.93%	259,194	$25M	trimmed−2%	−0.06 pp	4 q
0VQJLTe Connectivity Ltd	2.83%	392,714	$24M	trimmed−3%	+0.13 pp	4 q
CVXChevron Corporation	2.82%	198,111	$24M	added+3%	−0.08 pp	4 q
unresolvedDu Pont E I De Nemours & Co	2.73%	339,660	$23M	added+18%	+0.45 pp	4 q
STTState Street Corporation	2.73%	327,670	$23M	trimmed−0%	−0.19 pp	4 q
CSCOCisco Systems, Inc. (DE)	2.71%	1,010,854	$23M	trimmed−0%	−0.04 pp	4 q
COFCapital One Financial	2.67%	289,301	$22M	added+37%	+0.71 pp	4 q
MSMorgan Stanley	2.62%	702,046	$22M	trimmed−3%	−0.13 pp	4 q
COPConocoPhillips	2.60%	308,586	$22M	added+3%	+0.03 pp	4 q
MCDMcDonald's Corporation	2.51%	213,696	$21M	added+6%	+0.13 pp	4 q
TMOThermo Fisher Scientific, Inc.	2.50%	173,737	$21M	trimmed−4%	+0.06 pp	4 q
CVSCvs Health Corporation	2.49%	278,111	$21M	trimmed−3%	0.00 pp	4 q
HOLXHologic Inc	2.40%	933,583	$20M	added+54%	+0.75 pp	2 q
CATCaterpillar Inc.	2.36%	198,133	$20M	trimmed−2%	+0.14 pp	4 q
TEVATeva Pharmaceutical Industries Limited	2.34%	370,477	$20M	trimmed−13%	+0.27 pp	4 q
PEPPepsiCo, Inc.	2.14%	214,007	$18M	added+28%	+0.45 pp	4 q
AXPAmerican Express Company	1.94%	179,964	$16M	trimmed−16%	−0.41 pp	4 q
ETNEaton Corporation, plc	1.93%	214,486	$16M	new	+1.93 pp	new
unresolvedHewlett Packard Co	1.87%	482,760	$16M	added+2%	+0.26 pp	4 q
KOCoca-Cola Company	1.79%	387,797	$15M	added+6%	−0.05 pp	4 q
unresolvedJohnson Controls	1.61%	283,723	$13M	trimmed−5%	−0.26 pp	4 q
SCHWThe Charles Schwab Corporation	1.37%	418,853	$11M	trimmed−31%	−0.54 pp	4 q
KELKellanova	1.00%	133,726	$8M	trimmed−19%	−0.23 pp	4 q
XOMExxon Mobil Corp	0.62%	52,839	$5M	trimmed−1%	−0.04 pp	4 q
unresolvedGeneral Electric Co	0.57%	184,434	$5M	added+2%	−0.05 pp	4 q
UPSUnited Parcel Service, Inc. Class B	0.54%	46,096	$4M	added+1%	−0.04 pp	4 q
GLWCorning Incorporated	0.45%	182,151	$4M	trimmed−85%	−2.25 pp	4 q
MRKMerck & Co., Inc.	0.44%	64,866	$4M	trimmed−10%	0.00 pp	4 q
unresolvedComcast Corp. Spl Cl A	0.42%	72,705	$4M	added+2%	−0.01 pp	4 q
RDS.BRoyal Dutch Shell PLC	0.41%	44,343	$3M	added+1%	+0.01 pp	4 q
TWXTime Warner Inc	0.41%	52,696	$3M	held	—	4 q
IBMInternational Business Machines Corporation	0.38%	16,482	$3M	held	—	4 q
UTXZRTX Corporation	0.37%	26,499	$3M	added+1%	+0.01 pp	4 q
PFEPfizer Inc.	0.34%	89,610	$3M	added+2%	+0.01 pp	4 q
DUKDuke Energy Corporation	0.32%	37,089	$3M	added+2%	+0.02 pp	4 q
KMBKimberly-Clark Corp.	0.32%	24,361	$3M	added+1%	+0.01 pp	4 q
unresolvedUnilever Spn.Adr 1:1	0.32%	62,641	$3M	added+3%	+0.02 pp	4 q
GISGeneral Mills, Inc.	0.30%	47,900	$2M	added+1%	+0.01 pp	4 q
APDAir Products & Chemicals, Inc.	0.29%	20,123	$2M	trimmed−15%	−0.03 pp	4 q
EDConsolidated Edison, Inc.	0.29%	45,047	$2M	added+4%	0.00 pp	4 q
MMM3M Company	0.29%	17,590	$2M	held	—	4 q
INTCIntel Corp	0.26%	84,560	$2M	added+2%	0.00 pp	4 q
VZVerizon Communications	0.26%	45,797	$2M	added×2.4	+0.15 pp	2 q
TAT&T Inc.	0.22%	51,648	$2M	added+2%	0.00 pp	4 q
ORCLOracle Corp	0.22%	45,385	$2M	trimmed−0%	+0.01 pp	4 q
SW5Southwestern Energy Co	0.22%	40,505	$2M	trimmed−1%	+0.02 pp	4 q
SOThe Southern Company	0.18%	34,506	$2M	added+4%	+0.02 pp	3 q
CSXCSX Corporation	0.16%	47,390	$1M	held	—	4 q
9990302DApache Corp	0.12%	12,493	$1M	trimmed−18%	−0.04 pp	4 q
CGENCompugen Ltd	0.10%	80,000	$841,000	trimmed−6%	+0.01 pp	2 q
WMTWalmart Inc.	0.06%	6,070	$464,000	held	—	4 q
SRNESorrento Therapeutics Inc	0.04%	23,128	$297,000	held	—	3 q
AFLAflac Inc.	0.03%	3,895	$246,000	held	—	4 q
AAPLApple Inc.	0.03%	535	$287,000	trimmed−0%	−0.01 pp	3 q
BRK.BBERKSHIRE HATHAWAY Class B	0.03%	1,850	$231,000	held	—	4 q
AMJJP Morgan Alerian MLP Index ETN 5/24/24	0.03%	4,695	$219,000	new	+0.03 pp	new
MDYState Street SPDR S&P MIDCAP 400 ETF Trust	0.03%	1,111	$278,000	new	+0.03 pp	new
APMRFAmper SA Madrid	0.03%	155,304	$233,000	held	—	2 q
SDYState Street SPDR S&P Dividend ETF	0.02%	2,833	$208,000	new	+0.02 pp	new
unresolvedPsivida Corp	0.01%	24,000	$98,000	added+20%	0.00 pp	4 q
unresolvedSenesco Technologies Inc	0.01%	20,000	$67,000	added×2.0	0.00 pp	2 q
unresolvedCyclone Power Technologies, Inc	0.00%	25,000	$0	new	0.00 pp	new
unresolvedEnvironmental Energy Service	0.00%	10,000	$0	held	—	4 q
unresolvedItracker System, Inc.	0.00%	110,000	$0	held	—	4 q
unresolvedMicroIslet, Inc.	0.00%	39,000	$0	held	—	4 q
unresolvedTiger X Medical Inc.	0.00%	226,071	$19,000	new	0.00 pp	new
unresolvedTrunity Holdings, Inc.	0.00%	71,429	$16,000	held	—	4 q
WPHMWinston Pharms Inc	0.00%	10,115	$0	held	—	4 q
unresolvedE-Kong Group Ltd.	0.00%	12,500	$1,000	held	—	4 q
ADMArcher Daniels Midland Company	—	−380,907	—	exited	−2.01 pp	—
unresolvedEaton Corp. PLC F	—	−71,933	—	exited	−0.66 pp	—
unresolvedTiger X Medical Inc.	—	−226,071	—	exited	0.00 pp	—

Source

Form: 13F-HR
Reading: 10 defects · 15 unresolved
Accession: 0001140361-14-019492
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet

A security outside the official 13F list — CUSIP 23254W104 not on the Official 13(f) List for 2014-03-31
A security outside the official 13F list — CUSIP 29406Q101 not on the Official 13(f) List for 2014-03-31
A security outside the official 13F list — CUSIP 46573A107 not on the Official 13(f) List for 2014-03-31
A security outside the official 13F list — CUSIP 59507Q106 not on the Official 13(f) List for 2014-03-31
A security outside the official 13F list — CUSIP 817208507 not on the Official 13(f) List for 2014-03-31
A security outside the official 13F list — CUSIP 88677A104 not on the Official 13(f) List for 2014-03-31
A security outside the official 13F list — CUSIP 898183108 not on the Official 13(f) List for 2014-03-31
A security outside the official 13F list — CUSIP 975657107 not on the Official 13(f) List for 2014-03-31
A security outside the official 13F list — CUSIP E04600198 not on the Official 13(f) List for 2014-03-31
A security outside the official 13F list — CUSIP G2952Q109 not on the Official 13(f) List for 2014-03-31

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