Matrix Asset Advisors

Q3 2015 13F · by David Katz, CIO

As of: Sep 30, 2015
Filed: Nov 10, 2015
US stock: $700M · prev $796M
Positions: 74 · 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 · −1.5 pp out

New 3 +0.85 pp
Added 41 +0.63 pp
Trimmed 20 +0.25 pp
Exited 8 −1.73 pp

The book

Focused · behaves like 38 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 15% a year, about 6.5 years per position

Low
Moderate
High

Top 5 positions19% of US stock

JPM JPMorgan Chase & Co. trimmed+0.01 pp trimmed+0.014.3%
WFC Wells Fargo & Co. trimmed+0.08 pp trimmed+0.084.2%
MSFT Microsoft Corp trimmed+0.42 pp trimmed+0.424.0%
MET MetLife, Inc. added−0.16 pp added−0.163.6%
PG Procter & Gamble Company added+0.27 pp added+0.273.3%

Positions74 in this filing · 8 exited


JPMJPMorgan Chase & Co.	4.31%	494,537	$30M	trimmed−2%	+0.01 pp	10 q
WFCWells Fargo & Co.	4.15%	565,321	$29M	trimmed−2%	+0.08 pp	10 q
MSFTMicrosoft Corp	4.00%	632,845	$28M	trimmed−2%	+0.42 pp	10 q
METMetLife, Inc.	3.65%	541,736	$26M	added0%	−0.16 pp	10 q
PGProcter & Gamble Company	3.29%	319,734	$23M	added+4%	+0.27 pp	10 q
CSCOCisco Systems, Inc. (DE)	3.23%	860,906	$23M	added+2%	+0.31 pp	10 q
JNJJohnson & Johnson	3.21%	240,959	$22M	trimmed−1%	+0.24 pp	10 q
0VQJLTe Connectivity Ltd	3.17%	370,740	$22M	added0%	+0.19 pp	10 q
BBTTruist Financial Corporation	3.14%	617,010	$22M	trimmed−3%	−0.10 pp	10 q
MCDMcDonald's Corporation	3.14%	223,334	$22M	trimmed−2%	+0.42 pp	10 q
ETNEaton Corporation, plc	3.03%	413,283	$21M	added+2%	−0.41 pp	7 q
QCOMQualcomm Inc	2.87%	373,738	$20M	added+1%	−0.05 pp	9 q
TEVATeva Pharmaceutical Industries Limited	2.81%	348,299	$20M	trimmed−4%	+0.12 pp	10 q
COFCapital One Financial	2.76%	266,867	$19M	added0%	−0.18 pp	10 q
STTState Street Corporation	2.72%	283,248	$19M	trimmed−10%	−0.31 pp	10 q
ZBHZimmer Biomet Holdings, Inc.	2.62%	195,230	$18M	added0%	−0.05 pp	10 q
SLBSLB Limited	2.59%	262,350	$18M	added0%	−0.24 pp	10 q
unresolvedJohnson Controls	2.54%	429,244	$18M	added+1%	−0.09 pp	10 q
PEPPepsiCo, Inc.	2.52%	186,977	$18M	trimmed−1%	+0.31 pp	10 q
MSMorgan Stanley	2.51%	558,835	$18M	trimmed−1%	−0.23 pp	10 q
GILDGilead Sciences Inc	2.41%	171,919	$17M	added+4%	−0.01 pp	6 q
OXYOccidental Petroleum Corporation	2.36%	249,789	$17M	added0%	−0.07 pp	10 q
TMOThermo Fisher Scientific, Inc.	2.30%	131,807	$16M	trimmed−3%	+0.09 pp	10 q
CVXChevron Corporation	2.28%	202,751	$16M	added+2%	−0.13 pp	10 q
CVSCvs Health Corporation	2.20%	159,411	$15M	trimmed−15%	−0.28 pp	10 q
unresolvedHewlett Packard Co	2.16%	590,351	$15M	added0%	−0.06 pp	10 q
COPConocoPhillips	2.12%	309,658	$15M	added+2%	−0.23 pp	10 q
VIABViacom Inc. Class B	2.10%	339,922	$15M	added×2.8	+1.10 pp	2 q
SYMCGen Digital Inc.	2.08%	748,429	$15M	added+2%	−0.06 pp	6 q
CATCaterpillar Inc.	2.03%	217,040	$14M	added+1%	−0.25 pp	10 q
AXPAmerican Express Company	1.95%	184,539	$14M	added+20%	+0.45 pp	10 q
DVNDevon Energy Corporation	1.92%	361,892	$13M	added+1%	−0.75 pp	10 q
unresolvedDu Pont E I De Nemours & Co	1.21%	175,880	$8M	added0%	−0.20 pp	10 q
unresolvedGeneral Electric Co	0.83%	231,431	$6M	added+2%	+0.07 pp	10 q
unresolvedAce Ltd	0.82%	55,488	$6M	new	+0.82 pp	new
VZVerizon Communications	0.63%	101,795	$4M	added+3%	+0.05 pp	8 q
MRKMerck & Co., Inc.	0.61%	86,049	$4M	added+4%	+0.02 pp	10 q
PFEPfizer Inc.	0.61%	136,123	$4M	added+2%	+0.05 pp	10 q
TGTTarget Corporation	0.59%	52,554	$4M	added+1%	+0.06 pp	6 q
HOGHarley-Davidson, Inc.	0.56%	71,269	$4M	added+41%	+0.20 pp	2 q
GISGeneral Mills, Inc.	0.51%	63,757	$4M	added+2%	+0.07 pp	10 q
KMBKimberly-Clark Corp.	0.50%	32,413	$4M	added+2%	+0.08 pp	10 q
RDS.BRoyal Dutch Shell PLC	0.48%	71,352	$3M	added+7%	0.00 pp	10 q
TAT&T Inc.	0.47%	100,771	$3M	added+16%	+0.08 pp	10 q
SCHWThe Charles Schwab Corporation	0.47%	115,906	$3M	trimmed−51%	−0.51 pp	10 q
UPSUnited Parcel Service, Inc. Class B	0.41%	28,921	$3M	added+4%	+0.07 pp	10 q
unresolvedUnilever Spn.Adr 1:1	0.40%	68,714	$3M	added+3%	+0.04 pp	10 q
DUKDuke Energy Corporation	0.36%	35,012	$3M	added+4%	+0.06 pp	10 q
UTXZRTX Corporation	0.34%	26,415	$2M	added×8.2	+0.30 pp	10 q
XOMExxon Mobil Corp	0.33%	31,164	$2M	added+1%	+0.01 pp	10 q
SOThe Southern Company	0.33%	51,571	$2M	added+3%	+0.07 pp	9 q
IBMInternational Business Machines Corporation	0.31%	14,760	$2M	added+5%	+0.02 pp	10 q
EDConsolidated Edison, Inc.	0.26%	27,630	$2M	trimmed−30%	−0.03 pp	10 q
KOCoca-Cola Company	0.24%	42,050	$2M	trimmed−0%	+0.03 pp	10 q
MDYState Street SPDR S&P MIDCAP 400 ETF Trust	0.08%	2,163	$538,000	added+9%	+0.01 pp	7 q
AAPLApple Inc.	0.07%	4,152	$458,000	trimmed−7%	0.00 pp	9 q
unresolvedComcast Corp. Spl Cl A	0.07%	8,730	$500,000	trimmed−1%	0.00 pp	10 q
CGENCompugen Ltd	0.06%	85,500	$442,000	added+1%	−0.01 pp	8 q
WMTWalmart Inc.	0.05%	5,505	$357,000	trimmed−3%	0.00 pp	10 q
BRK.BBERKSHIRE HATHAWAY Class B	0.04%	1,972	$257,000	trimmed−1%	+0.01 pp	10 q
IWMiShares Russell 2000 ETF	0.04%	2,556	$279,000	added+11%	0.00 pp	3 q
AFLAflac Inc.	0.03%	3,895	$226,000	held	—	10 q
unresolvedCalifornia Res Corp	0.03%	70,378	$183,000	trimmed−0%	−0.02 pp	4 q
CCThe Chemours Company	0.03%	35,106	$227,000	new	+0.03 pp	new
SRNESorrento Therapeutics Inc	0.03%	23,128	$194,000	held	—	9 q
unresolvedPsivida Corp	0.02%	30,000	$110,000	held	—	10 q
unresolvedComdisco Holding Company, Inc.	0.00%	11,500	$1,000	new	0.00 pp	new
unresolvedCyclone Power Technologies, Inc	0.00%	25,000	$0	held	—	7 q
unresolvedEnvironmental Energy Service	0.00%	10,000	$0	held	—	10 q
unresolvedItracker System, Inc.	0.00%	110,000	$0	held	—	10 q
unresolvedSevion Therapeutics	0.00%	20,000	$12,000	held	—	5 q
unresolvedTiger X Medical Inc.	0.00%	226,071	$17,000	held	—	7 q
unresolvedTrunity Holdings, Inc.	0.00%	71,429	$2,000	held	—	10 q
APMRFAmper SA Madrid	0.00%	155,304	$23,000	held	—	8 q
TDCTeradata Corporation	—	−271,638	—	exited	−1.26 pp	—
EMREmerson Electric Co.	—	−40,290	—	exited	−0.28 pp	—
HONHoneywell International, Inc.	—	−3,005	—	exited	−0.04 pp	—
ABBVAbbvie Inc.	—	−3,234	—	exited	−0.03 pp	—
GSGoldman Sachs Group Inc.	—	−976	—	exited	−0.03 pp	—
AMJJP Morgan Alerian MLP Index ETN 5/24/24	—	−6,440	—	exited	−0.03 pp	—
unresolvedKraft Foods Group Inc	—	−2,700	—	exited	−0.03 pp	—
MMM3M Company	—	−1,365	—	exited	−0.03 pp	—

Source

Form: 13F-HR
Reading: 8 defects · 16 unresolved
Accession: 0001140361-15-040491
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 200334118 not on the Official 13(f) List for 2015-09-30
A security outside the official 13F list — CUSIP 23254W104 not on the Official 13(f) List for 2015-09-30
A security outside the official 13F list — CUSIP 29406Q101 not on the Official 13(f) List for 2015-09-30
A security outside the official 13F list — CUSIP 46573A107 not on the Official 13(f) List for 2015-09-30
A security outside the official 13F list — CUSIP 81834Q104 not on the Official 13(f) List for 2015-09-30
A security outside the official 13F list — CUSIP 88677A104 not on the Official 13(f) List for 2015-09-30
A security outside the official 13F list — CUSIP 898183108 not on the Official 13(f) List for 2015-09-30
A security outside the official 13F list — CUSIP E04600198 not on the Official 13(f) List for 2015-09-30

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