Matrix Asset Advisors

Q4 2014 13F · by David Katz, CIO

As of: Dec 31, 2014
Filed: Feb 9, 2015
US stock: $886M · prev $860M
Positions: 81 · prev 79
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%

Moves72 since the prior filing

+1.5 pp in · −1.6 pp out

New 5 +0.23 pp
Added 37 +1.25 pp
Trimmed 27 −1.32 pp
Exited 3 −0.29 pp

The book

Focused · behaves like 39 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 10% a year, about 9.6 years per position

Low
Moderate
High

Top 5 positions18% of US stock

JPM JPMorgan Chase & Co. trimmed0.00 pp trimmed0.004.1%
WFC Wells Fargo & Co. trimmed+0.03 pp trimmed+0.033.9%
MET MetLife, Inc. added+0.17 pp added+0.173.4%
ETN Eaton Corporation, plc added+0.32 pp added+0.323.3%
PG Procter & Gamble Company trimmed+0.01 pp trimmed+0.013.3%

Positions81 in this filing · 3 exited


JPMJPMorgan Chase & Co.	4.10%	580,365	$36M	trimmed−1%	0.00 pp	7 q
WFCWells Fargo & Co.	3.94%	637,425	$35M	trimmed−2%	+0.03 pp	7 q
METMetLife, Inc.	3.38%	554,300	$30M	added+8%	+0.17 pp	7 q
ETNEaton Corporation, plc	3.33%	434,264	$30M	added+6%	+0.32 pp	4 q
PGProcter & Gamble Company	3.27%	317,864	$29M	trimmed−5%	+0.01 pp	7 q
MSFTMicrosoft Corp	3.19%	609,544	$28M	trimmed−1%	−0.13 pp	7 q
CSCOCisco Systems, Inc. (DE)	3.10%	987,116	$27M	added0%	+0.22 pp	7 q
JNJJohnson & Johnson	3.08%	261,093	$27M	trimmed−2%	−0.22 pp	7 q
BBTTruist Financial Corporation	3.05%	694,572	$27M	added0%	+0.05 pp	7 q
ZBHZimmer Biomet Holdings, Inc.	2.97%	231,701	$26M	trimmed−5%	+0.13 pp	7 q
MSMorgan Stanley	2.91%	665,559	$26M	trimmed−2%	+0.17 pp	7 q
HOLXHologic Inc	2.90%	960,288	$26M	added+4%	+0.28 pp	5 q
unresolvedDu Pont E I De Nemours & Co	2.84%	340,631	$25M	trimmed−3%	−0.10 pp	7 q
COFCapital One Financial	2.83%	304,323	$25M	trimmed−0%	−0.06 pp	7 q
STTState Street Corporation	2.83%	319,196	$25M	trimmed−0%	+0.09 pp	7 q
QCOMQualcomm Inc	2.74%	326,986	$24M	added+3%	−0.02 pp	6 q
SLBSLB Limited	2.74%	283,954	$24M	added+6%	−0.42 pp	7 q
0VQJLTe Connectivity Ltd	2.70%	378,002	$24M	trimmed−0%	+0.27 pp	7 q
CVSCvs Health Corporation	2.68%	246,297	$24M	trimmed−5%	+0.29 pp	7 q
CVXChevron Corporation	2.67%	210,740	$24M	added+5%	−0.13 pp	7 q
DVNDevon Energy Corporation	2.47%	357,296	$22M	added+4%	−0.27 pp	7 q
TMOThermo Fisher Scientific, Inc.	2.43%	171,729	$22M	trimmed−0%	−0.01 pp	7 q
OXYOccidental Petroleum Corporation	2.41%	264,759	$21M	trimmed−1%	−0.57 pp	7 q
TEVATeva Pharmaceutical Industries Limited	2.36%	363,714	$21M	added0%	+0.09 pp	7 q
MCDMcDonald's Corporation	2.35%	222,051	$21M	added+5%	+0.02 pp	7 q
COPConocoPhillips	2.28%	292,880	$20M	added+3%	−0.25 pp	7 q
PEPPepsiCo, Inc.	2.24%	209,881	$20M	trimmed−2%	−0.08 pp	7 q
unresolvedHewlett Packard Co	2.22%	489,810	$20M	trimmed−1%	+0.19 pp	7 q
unresolvedJohnson Controls	2.19%	401,702	$19M	added+5%	+0.23 pp	7 q
CATCaterpillar Inc.	1.88%	182,380	$17M	added+1%	−0.21 pp	7 q
AXPAmerican Express Company	1.78%	169,841	$16M	trimmed−1%	+0.04 pp	7 q
SYMCGen Digital Inc.	1.48%	511,013	$13M	added+42%	+0.50 pp	3 q
TDCTeradata Corporation	1.28%	258,743	$11M	added+33%	+0.33 pp	3 q
SCHWThe Charles Schwab Corporation	0.86%	251,512	$8M	trimmed−1%	−0.01 pp	7 q
TGTTarget Corporation	0.63%	74,064	$6M	added+5%	+0.12 pp	3 q
GILDGilead Sciences Inc	0.61%	56,899	$5M	added+32%	+0.08 pp	3 q
XOMExxon Mobil Corp	0.59%	56,281	$5M	added+7%	+0.01 pp	7 q
unresolvedGeneral Electric Co	0.58%	204,402	$5M	added+3%	−0.01 pp	7 q
KOCoca-Cola Company	0.53%	112,270	$5M	trimmed−69%	−1.25 pp	7 q
UPSUnited Parcel Service, Inc. Class B	0.52%	41,759	$5M	added+4%	+0.06 pp	7 q
TWXTime Warner Inc	0.51%	52,708	$5M	held	—	7 q
unresolvedComcast Corp. Spl Cl A	0.47%	72,310	$4M	trimmed−1%	+0.02 pp	7 q
MRKMerck & Co., Inc.	0.47%	73,851	$4M	added+7%	−0.01 pp	7 q
IBMInternational Business Machines Corporation	0.44%	24,368	$4M	added+5%	−0.07 pp	7 q
RDS.BRoyal Dutch Shell PLC	0.44%	56,618	$4M	added+20%	0.00 pp	7 q
VZVerizon Communications	0.44%	84,011	$4M	added+22%	+0.04 pp	5 q
PFEPfizer Inc.	0.42%	120,604	$4M	added+11%	+0.05 pp	7 q
KMBKimberly-Clark Corp.	0.36%	27,237	$3M	added+2%	+0.02 pp	7 q
UTXZRTX Corporation	0.34%	26,437	$3M	held	—	7 q
GISGeneral Mills, Inc.	0.33%	55,029	$3M	added+3%	+0.02 pp	7 q
MMM3M Company	0.33%	17,565	$3M	held	—	7 q
EDConsolidated Edison, Inc.	0.30%	39,899	$3M	trimmed−22%	−0.04 pp	7 q
TAT&T Inc.	0.29%	76,923	$3M	added+14%	+0.01 pp	7 q
unresolvedUnilever Spn.Adr 1:1	0.27%	58,046	$2M	added+4%	0.00 pp	7 q
DUKDuke Energy Corporation	0.26%	28,058	$2M	trimmed−34%	−0.11 pp	7 q
SOThe Southern Company	0.23%	40,720	$2M	added+7%	+0.04 pp	6 q
ORCLOracle Corp	0.22%	43,285	$2M	trimmed−3%	+0.02 pp	7 q
APDAir Products & Chemicals, Inc.	0.20%	12,124	$2M	trimmed−5%	+0.01 pp	7 q
RRCRange Resources Corp	0.11%	18,020	$963,000	new	+0.11 pp	new
9990302DApache Corp	0.10%	13,723	$860,000	added+10%	−0.04 pp	7 q
CGENCompugen Ltd	0.08%	85,000	$708,000	added+4%	0.00 pp	5 q
WMTWalmart Inc.	0.06%	6,000	$515,000	held	—	7 q
AAPLApple Inc.	0.05%	3,880	$428,000	added+3%	+0.01 pp	6 q
unresolvedCalifornia Res Corp	0.05%	73,716	$406,000	new	+0.05 pp	new
MDYState Street SPDR S&P MIDCAP 400 ETF Trust	0.05%	1,773	$468,000	added+45%	+0.01 pp	4 q
AFLAflac Inc.	0.03%	3,895	$238,000	held	—	7 q
BRK.BBERKSHIRE HATHAWAY Class B	0.03%	1,913	$287,000	added+3%	0.00 pp	7 q
HONHoneywell International, Inc.	0.03%	3,040	$304,000	new	+0.03 pp	new
AMJJP Morgan Alerian MLP Index ETN 5/24/24	0.03%	6,290	$289,000	added+14%	0.00 pp	4 q
SRNESorrento Therapeutics Inc	0.03%	23,128	$233,000	held	—	6 q
ABBVAbbvie Inc.	0.02%	3,234	$212,000	new	+0.02 pp	new
INTCIntel Corp	0.02%	5,574	$202,000	new	+0.02 pp	new
SDYState Street SPDR S&P Dividend ETF	0.02%	2,600	$205,000	trimmed−17%	−0.01 pp	2 q
unresolvedPsivida Corp	0.01%	30,000	$123,000	held	—	7 q
APMRFAmper SA Madrid	0.01%	155,304	$66,000	held	—	5 q
unresolvedCyclone Power Technologies, Inc	0.00%	25,000	$0	held	—	4 q
unresolvedEnvironmental Energy Service	0.00%	10,000	$0	held	—	7 q
unresolvedItracker System, Inc.	0.00%	110,000	$0	held	—	7 q
unresolvedSevion Therapeutics	0.00%	20,000	$16,000	trimmed−5%	0.00 pp	2 q
unresolvedTiger X Medical Inc.	0.00%	226,071	$25,000	held	—	4 q
unresolvedTrunity Holdings, Inc.	0.00%	71,429	$8,000	trimmed−50%	0.00 pp	7 q
SW5Southwestern Energy Co	—	−40,505	—	exited	−0.16 pp	—
KELKellanova	—	−18,722	—	exited	−0.13 pp	—
WPHMWinston Pharms Inc	—	−10,115	—	exited	0.00 pp	—

Source

Form: 13F-HR
Reading: 7 defects · 14 unresolved
Accession: 0001140361-15-005090
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 2014-12-31
A security outside the official 13F list — CUSIP 29406Q101 not on the Official 13(f) List for 2014-12-31
A security outside the official 13F list — CUSIP 46573A107 not on the Official 13(f) List for 2014-12-31
A security outside the official 13F list — CUSIP 81834Q104 not on the Official 13(f) List for 2014-12-31
A security outside the official 13F list — CUSIP 88677A104 not on the Official 13(f) List for 2014-12-31
A security outside the official 13F list — CUSIP 898183108 not on the Official 13(f) List for 2014-12-31
A security outside the official 13F list — CUSIP E04600198 not on the Official 13(f) List for 2014-12-31

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