Matrix Asset Advisors

Q4 2016 13F · by David Katz, CIO

As of: Dec 31, 2016
Filed: Feb 7, 2017
US stock: $590M · prev $567M
Positions: 75 · prev 78
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 0.1%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves63 since the prior filing

+4.8 pp in · −4.8 pp out

New 1 +0.04 pp
Added 43 +4.75 pp
Trimmed 15 −1.94 pp
Exited 4 −2.87 pp

The book

Focused · behaves like 40 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 26% a year, about 3.8 years per position

Low
Moderate
High

Top 5 positions21% of US stock

Positions75 in this filing · 4 exited


JPMJPMorgan Chase & Co.	5.05%	345,405	$30M	trimmed−7%	+0.71 pp	15 q
WFCWells Fargo & Co.	4.57%	489,636	$27M	added+3%	+0.87 pp	15 q
METMetLife, Inc.	4.06%	444,926	$24M	added0%	+0.59 pp	15 q
MSFTMicrosoft Corp	3.94%	374,150	$23M	added+1%	+0.16 pp	15 q
ETNEaton Corporation, plc	3.65%	321,229	$22M	added+3%	+0.02 pp	12 q
CSCOCisco Systems, Inc. (DE)	3.23%	631,760	$19M	added+5%	−0.13 pp	15 q
PGProcter & Gamble Company	3.15%	221,035	$19M	added0%	−0.34 pp	15 q
QCOMQualcomm Inc	3.11%	281,834	$18M	added+1%	−0.25 pp	14 q
CVXChevron Corporation	3.01%	150,815	$18M	added+1%	+0.29 pp	15 q
UTXZRTX Corporation	2.98%	160,461	$18M	added+2%	+0.17 pp	15 q
ABBVAbbvie Inc.	2.79%	262,671	$16M	added+52%	+0.87 pp	5 q
0VQJLTe Connectivity Ltd	2.66%	226,591	$16M	trimmed−0%	+0.08 pp	15 q
BBTTruist Financial Corporation	2.41%	302,953	$14M	added+1%	+0.42 pp	15 q
GILDGilead Sciences Inc	2.40%	198,063	$14M	added+7%	−0.18 pp	11 q
PEPPepsiCo, Inc.	2.40%	135,359	$14M	added+7%	−0.02 pp	15 q
OXYOccidental Petroleum Corporation	2.36%	195,818	$14M	added+7%	+0.01 pp	15 q
CVSCvs Health Corporation	2.32%	173,517	$14M	added+21%	+0.06 pp	15 q
ZBHZimmer Biomet Holdings, Inc.	2.31%	131,878	$14M	added+25%	−0.12 pp	15 q
SLBSLB Limited	2.18%	153,590	$13M	trimmed−1%	+0.03 pp	15 q
COFCapital One Financial	2.08%	140,410	$12M	trimmed−15%	−0.02 pp	15 q
JCIJohnson Controls International plc	2.07%	296,484	$12M	added+18%	+0.01 pp	2 q
MSMorgan Stanley	1.94%	271,501	$11M	trimmed−32%	−0.31 pp	15 q
HOGHarley-Davidson, Inc.	1.87%	189,611	$11M	added+14%	+0.33 pp	7 q
CBChubb Limited	1.85%	82,738	$11M	added+73%	+0.79 pp	4 q
TMOThermo Fisher Scientific, Inc.	1.76%	73,642	$10M	added+3%	−0.25 pp	15 q
DVNDevon Energy Corporation	1.75%	226,403	$10M	added0%	0.00 pp	15 q
GOOGAlphabet Inc. Class C	1.65%	12,583	$10M	added×2.5	+0.95 pp	3 q
TEVATeva Pharmaceutical Industries Limited	1.60%	261,000	$9M	added+1%	−0.50 pp	15 q
AXPAmerican Express Company	1.51%	120,066	$9M	trimmed−1%	+0.14 pp	15 q
COPConocoPhillips	1.41%	166,058	$8M	added+2%	+0.16 pp	15 q
STTState Street Corporation	1.41%	107,305	$8M	trimmed−37%	−0.67 pp	15 q
VZVerizon Communications	1.37%	151,661	$8M	added+13%	+0.14 pp	13 q
SYMCGen Digital Inc.	1.33%	327,957	$8M	trimmed−23%	−0.57 pp	11 q
MRKMerck & Co., Inc.	1.29%	129,639	$8M	added+11%	+0.01 pp	15 q
SCHWThe Charles Schwab Corporation	1.25%	186,596	$7M	trimmed−53%	−0.97 pp	15 q
XOMExxon Mobil Corp	1.19%	77,980	$7M	added+5%	+0.05 pp	15 q
RDS.BRoyal Dutch Shell PLC	1.19%	121,311	$7M	added+8%	+0.14 pp	15 q
PFEPfizer Inc.	1.13%	205,742	$7M	added+11%	+0.02 pp	15 q
TAT&T Inc.	1.09%	151,450	$6M	added+5%	+0.06 pp	15 q
MCDMcDonald's Corporation	1.07%	52,038	$6M	added+4%	+0.05 pp	15 q
UPSUnited Parcel Service, Inc. Class B	1.04%	53,335	$6M	added+7%	+0.08 pp	15 q
VIABViacom Inc. Class B	1.04%	174,156	$6M	trimmed−16%	−0.35 pp	7 q
TGTTarget Corporation	1.03%	84,126	$6M	added+8%	+0.09 pp	11 q
GISGeneral Mills, Inc.	1.02%	97,169	$6M	added+7%	0.00 pp	15 q
KMBKimberly-Clark Corp.	0.97%	49,914	$6M	added+10%	−0.04 pp	15 q
JNJJohnson & Johnson	0.96%	49,015	$6M	added+8%	+0.02 pp	15 q
AAPLApple Inc.	0.86%	43,879	$5M	added+5%	+0.02 pp	14 q
IBMInternational Business Machines Corporation	0.58%	20,619	$3M	added+6%	+0.03 pp	15 q
KOCoca-Cola Company	0.47%	67,308	$3M	added+70%	+0.17 pp	15 q
unresolvedGeneral Electric Co	0.22%	41,997	$1M	trimmed−2%	0.00 pp	15 q
TWXTime Warner Inc	0.14%	8,331	$804,000	held	—	2 q
BLQADBlackrock Inc	0.11%	1,642	$625,000	held	—	2 q
MDYState Street SPDR S&P MIDCAP 400 ETF Trust	0.11%	2,221	$670,000	added+1%	0.00 pp	12 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.11%	4,043	$647,000	trimmed−1%	+0.01 pp	2 q
AMGNAmgen Inc	0.10%	3,924	$574,000	held	—	2 q
CMCSAComcast Corp	0.10%	8,376	$578,000	added0%	0.00 pp	5 q
EFGiShares MSCI EAFE Growth ETF	0.08%	7,025	$447,000	added+2%	0.00 pp	5 q
CGENCompugen Ltd	0.07%	85,500	$436,000	held	—	13 q
IWMiShares Russell 2000 ETF	0.06%	2,735	$369,000	added+2%	0.00 pp	8 q
WMTWalmart Inc.	0.06%	5,280	$365,000	held	—	15 q
AFLAflac Inc.	0.05%	3,895	$271,000	held	—	15 q
BRK.BBERKSHIRE HATHAWAY Class B	0.05%	1,905	$310,000	held	—	15 q
MMM3M Company	0.05%	1,650	$295,000	held	—	5 q
VFCV.F. Corporation	0.05%	5,136	$274,000	held	—	2 q
ABTAbbott Laboratories	0.04%	6,125	$235,000	held	—	2 q
GSGoldman Sachs Group Inc.	0.04%	976	$234,000	new	+0.04 pp	new
HONHoneywell International, Inc.	0.04%	2,150	$249,000	held	—	5 q
KHCThe Kraft Heinz Company	0.04%	2,838	$248,000	held	—	5 q
MDLZMondelez International, Inc. Class A	0.04%	4,724	$209,000	held	—	3 q
unresolvedTiger X Medical Inc.	0.04%	226,071	$244,000	held	—	12 q
SRNESorrento Therapeutics Inc	0.02%	22,000	$108,000	trimmed−5%	−0.01 pp	14 q
unresolvedPsivida Corp	0.01%	26,500	$45,000	trimmed−13%	−0.01 pp	15 q
unresolvedCinedigm Corp	0.00%	12,365	$18,000	held	—	5 q
unresolvedEnvironmental Energy Service	0.00%	10,000	$0	held	—	15 q
APMRFAmper SA Madrid	0.00%	77,664	$18,000	trimmed−50%	0.00 pp	13 q
CATCaterpillar Inc.	—	−119,130	—	exited	−1.87 pp	—
HPQHP Inc.	—	−336,241	—	exited	−0.92 pp	—
CLColgate-Palmolive Company	—	−2,775	—	exited	−0.04 pp	—
WMWaste Management, Inc.	—	−3,600	—	exited	−0.04 pp	—

Source

Form: 13F-HR
Reading: 4 defects · 5 unresolved
Accession: 0001140361-17-004942
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 172406100 not on the Official 13(f) List for 2016-12-31
A security outside the official 13F list — CUSIP 29406Q101 not on the Official 13(f) List for 2016-12-31
A security outside the official 13F list — CUSIP 88677A104 not on the Official 13(f) List for 2016-12-31
A security outside the official 13F list — CUSIP E04600198 not on the Official 13(f) List for 2016-12-31

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