Matrix Asset Advisors

Q1 2016 13F · by David Katz, CIO

As of: Mar 31, 2016
Filed: May 5, 2016
US stock: $507M · prev $519M
Positions: 79 · prev 85
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

+5.6 pp in · −5.6 pp out

New 2 +1.07 pp
Added 30 +4.53 pp
Trimmed 32 −3.71 pp
Exited 8 −1.91 pp

The book

Diversified · behaves like 42 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 25% a year, about 4.1 years per position

Low
Moderate
High

Top 5 positions19% of US stock

Positions79 in this filing · 8 exited


JPMJPMorgan Chase & Co.	4.11%	351,530	$21M	trimmed−2%	−0.43 pp	12 q
WFCWells Fargo & Co.	3.92%	411,109	$20M	added+2%	−0.30 pp	12 q
MSFTMicrosoft Corp	3.81%	349,526	$19M	added0%	+0.09 pp	12 q
PGProcter & Gamble Company	3.47%	213,772	$18M	trimmed−7%	−0.03 pp	12 q
JNJJohnson & Johnson	3.41%	159,865	$17M	trimmed−9%	−0.05 pp	12 q
METMetLife, Inc.	3.41%	393,603	$17M	added+4%	−0.11 pp	12 q
ETNEaton Corporation, plc	3.41%	276,080	$17M	trimmed−2%	+0.59 pp	9 q
CSCOCisco Systems, Inc. (DE)	3.36%	597,975	$17M	trimmed−0%	+0.22 pp	12 q
UTXZRTX Corporation	2.92%	148,091	$15M	added+36%	+0.91 pp	12 q
0VQJLTe Connectivity Ltd	2.84%	232,915	$14M	trimmed−3%	−0.13 pp	12 q
CVXChevron Corporation	2.74%	145,525	$14M	trimmed−1%	+0.20 pp	12 q
ZBHZimmer Biomet Holdings, Inc.	2.58%	122,839	$13M	trimmed−2%	+0.11 pp	12 q
QCOMQualcomm Inc	2.56%	254,041	$13M	added+9%	+0.32 pp	11 q
PEPPepsiCo, Inc.	2.46%	121,655	$12M	trimmed−5%	0.00 pp	12 q
TEVATeva Pharmaceutical Industries Limited	2.43%	230,302	$12M	added+1%	−0.44 pp	12 q
GILDGilead Sciences Inc	2.39%	131,884	$12M	added+9%	+0.03 pp	8 q
SLBSLB Limited	2.38%	163,641	$12M	trimmed−4%	+0.09 pp	12 q
unresolvedJohnson Controls	2.33%	303,029	$12M	added+7%	+0.17 pp	12 q
COFCapital One Financial	2.30%	168,101	$12M	trimmed−2%	−0.09 pp	12 q
TMOThermo Fisher Scientific, Inc.	2.24%	80,320	$11M	trimmed−5%	−0.07 pp	12 q
CVSCvs Health Corporation	2.12%	103,567	$11M	trimmed−4%	+0.10 pp	12 q
OXYOccidental Petroleum Corporation	2.12%	157,169	$11M	trimmed−1%	+0.05 pp	12 q
STTState Street Corporation	2.05%	177,896	$10M	trimmed−3%	−0.29 pp	12 q
BBTTruist Financial Corporation	2.00%	305,197	$10M	trimmed−28%	−1.10 pp	12 q
MSMorgan Stanley	1.99%	404,135	$10M	added+7%	−0.32 pp	12 q
CATCaterpillar Inc.	1.92%	127,242	$10M	trimmed−3%	+0.20 pp	12 q
VIABViacom Inc. Class B	1.77%	216,802	$9M	added+2%	+0.08 pp	4 q
SCHWThe Charles Schwab Corporation	1.74%	315,201	$9M	added×4.1	+1.26 pp	12 q
SYMCGen Digital Inc.	1.69%	466,989	$9M	trimmed−1%	−0.21 pp	8 q
AXPAmerican Express Company	1.50%	123,564	$8M	trimmed−1%	−0.18 pp	12 q
COPConocoPhillips	1.30%	164,174	$7M	trimmed−27%	−0.72 pp	12 q
DVNDevon Energy Corporation	1.27%	234,504	$6M	added+48%	+0.29 pp	12 q
HOGHarley-Davidson, Inc.	1.23%	121,947	$6M	added+19%	+0.33 pp	4 q
VZVerizon Communications	1.13%	106,017	$6M	added+1%	+0.20 pp	10 q
HPEHewlett Packard Enterprise Company	1.11%	318,300	$6M	added+1%	+0.19 pp	2 q
CBChubb Limited	1.03%	43,817	$5M	new	+1.03 pp	new
MRKMerck & Co., Inc.	0.97%	92,517	$5M	added+3%	+0.06 pp	12 q
XOMExxon Mobil Corp	0.96%	58,488	$5M	added+82%	+0.48 pp	12 q
PFEPfizer Inc.	0.91%	156,384	$5M	added+12%	+0.04 pp	12 q
HPQHP Inc.	0.90%	371,787	$5M	trimmed−1%	+0.05 pp	2 q
KMBKimberly-Clark Corp.	0.89%	33,533	$5M	added+2%	+0.09 pp	12 q
MCDMcDonald's Corporation	0.89%	36,098	$5M	trimmed−71%	−1.96 pp	12 q
ABBVAbbvie Inc.	0.87%	77,201	$4M	added+26%	+0.17 pp	2 q
TGTTarget Corporation	0.86%	53,294	$4M	added0%	+0.12 pp	8 q
UPSUnited Parcel Service, Inc. Class B	0.83%	39,923	$4M	added+34%	+0.28 pp	12 q
GISGeneral Mills, Inc.	0.82%	65,766	$4M	added+1%	+0.10 pp	12 q
TAT&T Inc.	0.80%	102,947	$4M	trimmed−1%	+0.11 pp	12 q
unresolvedGeneral Electric Co	0.80%	128,193	$4M	trimmed−21%	−0.17 pp	12 q
RDS.BRoyal Dutch Shell PLC	0.72%	74,406	$4M	trimmed−2%	+0.05 pp	12 q
DUKDuke Energy Corporation	0.69%	43,067	$3M	trimmed−19%	−0.04 pp	12 q
unresolvedUnilever Spn.Adr 1:1	0.63%	71,111	$3M	added+1%	+0.05 pp	12 q
AAPLApple Inc.	0.47%	21,638	$2M	added×5.3	+0.39 pp	11 q
IBMInternational Business Machines Corporation	0.47%	15,675	$2M	added+2%	+0.06 pp	12 q
KOCoca-Cola Company	0.37%	40,375	$2M	trimmed−4%	+0.02 pp	12 q
EFGiShares MSCI EAFE Growth ETF	0.14%	10,725	$706,000	added0%	0.00 pp	2 q
MDYState Street SPDR S&P MIDCAP 400 ETF Trust	0.11%	2,205	$579,000	added0%	0.00 pp	9 q
CMCSAComcast Corp	0.10%	8,379	$512,000	trimmed−7%	0.00 pp	2 q
unresolvedDu Pont E I De Nemours & Co	0.10%	7,895	$500,000	trimmed−4%	−0.01 pp	12 q
CGENCompugen Ltd	0.09%	85,500	$477,000	held	—	10 q
WMTWalmart Inc.	0.07%	5,505	$377,000	held	—	12 q
IWMiShares Russell 2000 ETF	0.06%	2,689	$297,000	added+1%	0.00 pp	5 q
MMM3M Company	0.06%	1,765	$294,000	held	—	2 q
AFLAflac Inc.	0.05%	3,895	$246,000	held	—	12 q
BRK.BBERKSHIRE HATHAWAY Class B	0.05%	1,902	$270,000	trimmed−4%	0.00 pp	12 q
HONHoneywell International, Inc.	0.05%	2,170	$243,000	trimmed−12%	0.00 pp	2 q
BABoeing Company	0.04%	1,694	$215,000	held	—	2 q
KHCThe Kraft Heinz Company	0.04%	2,838	$223,000	held	—	2 q
WMWaste Management, Inc.	0.04%	3,600	$212,000	new	+0.04 pp	new
unresolvedPsivida Corp	0.02%	30,500	$82,000	added+2%	−0.01 pp	12 q
SRNESorrento Therapeutics Inc	0.02%	23,128	$124,000	held	—	11 q
unresolvedCinedigm Corp	0.01%	123,653	$26,000	held	—	2 q
unresolvedCalifornia Res Corp	0.00%	15,745	$16,000	trimmed−60%	−0.02 pp	6 q
unresolvedComdisco Holding Company, Inc.	0.00%	11,500	$1,000	held	—	3 q
unresolvedCyclone Power Technologies, Inc	0.00%	25,000	$0	held	—	9 q
unresolvedEnvironmental Energy Service	0.00%	10,000	$0	held	—	12 q
unresolvedItracker System, Inc.	0.00%	110,000	$0	held	—	12 q
unresolvedSevion Therapeutics	0.00%	20,000	$5,000	held	—	7 q
unresolvedTiger X Medical Inc.	0.00%	226,071	$20,000	held	—	9 q
APMRFAmper SA Madrid	0.00%	155,304	$2,000	held	—	10 q
unresolvedAce Ltd	—	−37,784	—	exited	−0.85 pp	—
SOThe Southern Company	—	−52,589	—	exited	−0.47 pp	—
APCAnadarko Petroleum Corp	—	−47,454	—	exited	−0.44 pp	—
EFAiShares MSCI EAFE ETF	—	−4,396	—	exited	−0.05 pp	—
TWXTime Warner Inc	—	−3,753	—	exited	−0.05 pp	—
MDLZMondelez International, Inc. Class A	—	−4,724	—	exited	−0.04 pp	—
CCThe Chemours Company	—	−12,797	—	exited	−0.01 pp	—
unresolvedTrunity Holdings, Inc.	—	−71,429	—	exited	0.00 pp	—

Source

Form: 13F-HR
Reading: 7 defects · 13 unresolved
Accession: 0001140361-16-063523
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 2016-03-31
A security outside the official 13F list — CUSIP 23254W104 not on the Official 13(f) List for 2016-03-31
A security outside the official 13F list — CUSIP 29406Q101 not on the Official 13(f) List for 2016-03-31
A security outside the official 13F list — CUSIP 46573A107 not on the Official 13(f) List for 2016-03-31
A security outside the official 13F list — CUSIP 81834Q104 not on the Official 13(f) List for 2016-03-31
A security outside the official 13F list — CUSIP 88677A104 not on the Official 13(f) List for 2016-03-31
A security outside the official 13F list — CUSIP E04600198 not on the Official 13(f) List for 2016-03-31

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