Matrix Asset Advisors

Q4 2015 13F · by David Katz, CIO

As of: Dec 31, 2015
Filed: Feb 5, 2016
US stock: $519M · prev $700M
Positions: 85 · prev 74
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%

Moves75 since the prior filing

+8.6 pp in · −8.7 pp out

New 14 +3.49 pp
Added 19 +5.08 pp
Trimmed 39 −6.18 pp
Exited 3 −2.49 pp

The book

Diversified · behaves like 41 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 23% a year, about 4.3 years per position

Low
Moderate
High

Top 5 positions20% of US stock

JPM JPMorgan Chase & Co. trimmed+0.23 pp trimmed+0.234.5%
WFC Wells Fargo & Co. trimmed+0.07 pp trimmed+0.074.2%
MSFT Microsoft Corp trimmed−0.28 pp trimmed−0.283.7%
MET MetLife, Inc. trimmed−0.13 pp trimmed−0.133.5%
PG Procter & Gamble Company trimmed+0.21 pp trimmed+0.213.5%

Positions85 in this filing · 3 exited


JPMJPMorgan Chase & Co.	4.54%	357,196	$24M	trimmed−28%	+0.23 pp	11 q
WFCWells Fargo & Co.	4.22%	403,431	$22M	trimmed−29%	+0.07 pp	11 q
MSFTMicrosoft Corp	3.72%	348,615	$19M	trimmed−45%	−0.28 pp	11 q
METMetLife, Inc.	3.52%	379,505	$18M	trimmed−30%	−0.13 pp	11 q
PGProcter & Gamble Company	3.50%	229,083	$18M	trimmed−28%	+0.21 pp	11 q
JNJJohnson & Johnson	3.46%	174,800	$18M	trimmed−27%	+0.25 pp	11 q
CSCOCisco Systems, Inc. (DE)	3.14%	600,057	$16M	trimmed−30%	−0.09 pp	11 q
BBTTruist Financial Corporation	3.10%	425,496	$16M	trimmed−31%	−0.04 pp	11 q
0VQJLTe Connectivity Ltd	2.97%	239,077	$15M	trimmed−36%	−0.20 pp	11 q
TEVATeva Pharmaceutical Industries Limited	2.87%	226,949	$15M	trimmed−35%	+0.06 pp	11 q
MCDMcDonald's Corporation	2.85%	125,488	$15M	trimmed−44%	−0.29 pp	11 q
ETNEaton Corporation, plc	2.82%	281,580	$15M	trimmed−32%	−0.21 pp	8 q
CVXChevron Corporation	2.54%	146,773	$13M	trimmed−28%	+0.26 pp	11 q
ZBHZimmer Biomet Holdings, Inc.	2.47%	125,031	$13M	trimmed−36%	−0.15 pp	11 q
PEPPepsiCo, Inc.	2.46%	127,712	$13M	trimmed−32%	−0.06 pp	11 q
COFCapital One Financial	2.39%	171,653	$12M	trimmed−36%	−0.37 pp	11 q
GILDGilead Sciences Inc	2.36%	121,241	$12M	trimmed−29%	−0.05 pp	7 q
STTState Street Corporation	2.34%	182,912	$12M	trimmed−35%	−0.38 pp	11 q
MSMorgan Stanley	2.31%	377,905	$12M	trimmed−32%	−0.20 pp	11 q
TMOThermo Fisher Scientific, Inc.	2.31%	84,534	$12M	trimmed−36%	+0.01 pp	11 q
SLBSLB Limited	2.29%	170,848	$12M	trimmed−35%	−0.30 pp	11 q
QCOMQualcomm Inc	2.24%	232,266	$12M	trimmed−38%	−0.63 pp	10 q
unresolvedJohnson Controls	2.16%	284,507	$11M	trimmed−34%	−0.38 pp	11 q
OXYOccidental Petroleum Corporation	2.07%	158,704	$11M	trimmed−36%	−0.29 pp	11 q
CVSCvs Health Corporation	2.02%	107,323	$10M	trimmed−33%	−0.18 pp	11 q
COPConocoPhillips	2.02%	225,054	$11M	trimmed−27%	−0.10 pp	11 q
UTXZRTX Corporation	2.01%	108,756	$10M	added×4.1	+1.67 pp	11 q
SYMCGen Digital Inc.	1.90%	470,630	$10M	trimmed−37%	−0.18 pp	7 q
CATCaterpillar Inc.	1.72%	131,478	$9M	trimmed−39%	−0.31 pp	11 q
VIABViacom Inc. Class B	1.69%	212,789	$9M	trimmed−37%	−0.41 pp	3 q
AXPAmerican Express Company	1.68%	125,408	$9M	trimmed−32%	−0.27 pp	11 q
DVNDevon Energy Corporation	0.98%	158,540	$5M	trimmed−56%	−0.94 pp	11 q
unresolvedGeneral Electric Co	0.97%	162,147	$5M	trimmed−30%	+0.14 pp	11 q
VZVerizon Communications	0.93%	104,890	$5M	added+3%	+0.30 pp	9 q
HPEHewlett Packard Enterprise Company	0.92%	315,049	$5M	new	+0.92 pp	new
MRKMerck & Co., Inc.	0.91%	89,969	$5M	added+5%	+0.30 pp	11 q
HOGHarley-Davidson, Inc.	0.90%	102,653	$5M	added+44%	+0.34 pp	3 q
PFEPfizer Inc.	0.87%	139,926	$5M	added+3%	+0.26 pp	11 q
HPQHP Inc.	0.85%	375,037	$4M	new	+0.85 pp	new
unresolvedAce Ltd	0.85%	37,784	$4M	trimmed−32%	+0.03 pp	2 q
KMBKimberly-Clark Corp.	0.80%	32,811	$4M	added+1%	+0.30 pp	11 q
TGTTarget Corporation	0.74%	53,210	$4M	added+1%	+0.15 pp	7 q
DUKDuke Energy Corporation	0.73%	53,109	$4M	added+52%	+0.37 pp	11 q
GISGeneral Mills, Inc.	0.72%	65,053	$4M	added+2%	+0.21 pp	11 q
ABBVAbbvie Inc.	0.70%	61,346	$4M	new	+0.70 pp	new
TAT&T Inc.	0.69%	103,506	$4M	added+3%	+0.22 pp	11 q
RDS.BRoyal Dutch Shell PLC	0.67%	75,639	$3M	added+6%	+0.19 pp	11 q
unresolvedUnilever Spn.Adr 1:1	0.58%	70,432	$3M	added+3%	+0.18 pp	11 q
UPSUnited Parcel Service, Inc. Class B	0.55%	29,742	$3M	added+3%	+0.14 pp	11 q
XOMExxon Mobil Corp	0.48%	32,180	$3M	added+3%	+0.15 pp	11 q
SCHWThe Charles Schwab Corporation	0.48%	76,048	$3M	trimmed−34%	+0.01 pp	11 q
SOThe Southern Company	0.47%	52,589	$2M	added+2%	+0.14 pp	10 q
APCAnadarko Petroleum Corp	0.44%	47,454	$2M	new	+0.44 pp	new
IBMInternational Business Machines Corporation	0.41%	15,345	$2M	added+4%	+0.10 pp	11 q
KOCoca-Cola Company	0.35%	41,950	$2M	trimmed−0%	+0.11 pp	11 q
EFGiShares MSCI EAFE Growth ETF	0.14%	10,675	$717,000	new	+0.14 pp	new
unresolvedDu Pont E I De Nemours & Co	0.11%	8,195	$546,000	trimmed−95%	−1.10 pp	11 q
MDYState Street SPDR S&P MIDCAP 400 ETF Trust	0.11%	2,195	$558,000	added+1%	+0.03 pp	8 q
CGENCompugen Ltd	0.11%	85,500	$546,000	held	—	9 q
CMCSAComcast Corp	0.10%	9,048	$511,000	new	+0.10 pp	new
AAPLApple Inc.	0.08%	4,051	$426,000	trimmed−2%	+0.01 pp	10 q
IWMiShares Russell 2000 ETF	0.06%	2,665	$300,000	added+4%	+0.02 pp	4 q
WMTWalmart Inc.	0.06%	5,505	$337,000	held	—	11 q
BRK.BBERKSHIRE HATHAWAY Class B	0.05%	1,978	$261,000	added0%	+0.01 pp	11 q
BABoeing Company	0.05%	1,694	$245,000	new	+0.05 pp	new
HONHoneywell International, Inc.	0.05%	2,471	$256,000	new	+0.05 pp	new
EFAiShares MSCI EAFE ETF	0.05%	4,396	$258,000	new	+0.05 pp	new
MMM3M Company	0.05%	1,765	$266,000	new	+0.05 pp	new
TWXTime Warner Inc	0.05%	3,753	$243,000	new	+0.05 pp	new
AFLAflac Inc.	0.04%	3,895	$233,000	held	—	11 q
KHCThe Kraft Heinz Company	0.04%	2,838	$206,000	new	+0.04 pp	new
MDLZMondelez International, Inc. Class A	0.04%	4,724	$212,000	new	+0.04 pp	new
SRNESorrento Therapeutics Inc	0.04%	23,128	$201,000	held	—	10 q
unresolvedPsivida Corp	0.03%	30,000	$145,000	held	—	11 q
unresolvedCalifornia Res Corp	0.02%	38,931	$91,000	trimmed−45%	−0.01 pp	5 q
CCThe Chemours Company	0.01%	12,797	$69,000	trimmed−64%	−0.02 pp	2 q
unresolvedCinedigm Corp	0.01%	123,653	$32,000	new	+0.01 pp	new
unresolvedComdisco Holding Company, Inc.	0.00%	11,500	$1,000	held	—	2 q
unresolvedCyclone Power Technologies, Inc	0.00%	25,000	$0	held	—	8 q
unresolvedEnvironmental Energy Service	0.00%	10,000	$0	held	—	11 q
unresolvedItracker System, Inc.	0.00%	110,000	$0	held	—	11 q
unresolvedSevion Therapeutics	0.00%	20,000	$8,000	held	—	6 q
unresolvedTiger X Medical Inc.	0.00%	226,071	$18,000	held	—	8 q
unresolvedTrunity Holdings, Inc.	0.00%	71,429	$1,000	held	—	11 q
APMRFAmper SA Madrid	0.00%	155,304	$22,000	held	—	9 q
unresolvedHewlett Packard Co	—	−590,351	—	exited	−2.16 pp	—
EDConsolidated Edison, Inc.	—	−27,630	—	exited	−0.26 pp	—
unresolvedComcast Corp. Spl Cl A	—	−8,730	—	exited	−0.07 pp	—

Source

Form: 13F-HR
Reading: 8 defects · 15 unresolved
Accession: 0001140361-16-050541
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 2015-12-31
A security outside the official 13F list — CUSIP 23254W104 not on the Official 13(f) List for 2015-12-31
A security outside the official 13F list — CUSIP 29406Q101 not on the Official 13(f) List for 2015-12-31
A security outside the official 13F list — CUSIP 46573A107 not on the Official 13(f) List for 2015-12-31
A security outside the official 13F list — CUSIP 81834Q104 not on the Official 13(f) List for 2015-12-31
A security outside the official 13F list — CUSIP 88677A104 not on the Official 13(f) List for 2015-12-31
A security outside the official 13F list — CUSIP 898183108 not on the Official 13(f) List for 2015-12-31
A security outside the official 13F list — CUSIP E04600198 not on the Official 13(f) List for 2015-12-31

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