Matrix Asset Advisors

Q2 2017 13F · by David Katz, CIO

As of: Jun 30, 2017
Filed: Aug 8, 2017
US stock: $584M · prev $569M
Positions: 68 · prev 67
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%

Moves58 since the prior filing

+1.8 pp in · −1.8 pp out

New 3 +0.29 pp
Added 34 +1.47 pp
Trimmed 19 −0.12 pp
Exited 2 −1.67 pp

The book

Focused · behaves like 37 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 8.6% a year, about 11.6 years per position

Low
Moderate
High

Top 5 positions22% of US stock

Positions68 in this filing · 2 exited


JPMJPMorgan Chase & Co.	4.96%	316,977	$29M	added+1%	+0.10 pp	17 q
WFCWells Fargo & Co.	4.51%	475,078	$26M	added+1%	−0.09 pp	17 q
MSFTMicrosoft Corp	4.20%	355,336	$24M	trimmed−0%	+0.08 pp	17 q
ETNEaton Corporation, plc	4.17%	312,454	$24M	added0%	+0.12 pp	14 q
METMetLife, Inc.	4.06%	431,074	$24M	added+1%	+0.08 pp	17 q
CVSCvs Health Corporation	3.67%	266,252	$21M	added+6%	+0.19 pp	17 q
CSCOCisco Systems, Inc. (DE)	3.33%	620,853	$19M	added+3%	−0.23 pp	17 q
UTXZRTX Corporation	3.28%	156,756	$19M	added0%	+0.20 pp	17 q
ABBVAbbvie Inc.	3.25%	261,781	$19M	trimmed−0%	+0.25 pp	7 q
PGProcter & Gamble Company	3.19%	213,486	$19M	added+1%	−0.14 pp	17 q
PEPPepsiCo, Inc.	2.91%	146,794	$17M	added0%	+0.03 pp	17 q
GILDGilead Sciences Inc	2.71%	223,510	$16M	added+4%	+0.15 pp	13 q
QCOMQualcomm Inc	2.65%	280,202	$15M	added+1%	−0.15 pp	16 q
CVXChevron Corporation	2.64%	147,571	$15M	added+1%	−0.12 pp	17 q
BBTTruist Financial Corporation	2.50%	321,156	$15M	added+8%	+0.17 pp	17 q
ZBHZimmer Biomet Holdings, Inc.	2.48%	112,805	$14M	trimmed−3%	−0.02 pp	17 q
0VQJLTe Connectivity Ltd	2.40%	178,256	$14M	trimmed−1%	+0.05 pp	17 q
OXYOccidental Petroleum Corporation	2.29%	222,869	$13M	added+5%	−0.08 pp	17 q
GOOGAlphabet Inc. Class C	2.24%	14,383	$13M	trimmed−1%	+0.12 pp	5 q
JCIJohnson Controls International plc	2.24%	301,888	$13M	trimmed−3%	−0.05 pp	4 q
CBChubb Limited	2.19%	88,016	$13M	trimmed−2%	+0.04 pp	6 q
TMOThermo Fisher Scientific, Inc.	2.05%	68,573	$12M	trimmed−2%	+0.16 pp	17 q
COFCapital One Financial	1.83%	129,293	$11M	trimmed−1%	−0.16 pp	17 q
HOGHarley-Davidson, Inc.	1.74%	187,682	$10M	added+8%	−0.11 pp	9 q
SLBSLB Limited	1.74%	153,944	$10M	added+9%	−0.20 pp	17 q
unresolvedGeneral Electric Co	1.64%	355,073	$10M	added×9.8	+1.45 pp	17 q
MRKMerck & Co., Inc.	1.60%	145,840	$9M	added+4%	+0.03 pp	17 q
UPSUnited Parcel Service, Inc. Class B	1.59%	84,139	$9M	added+31%	+0.38 pp	17 q
AXPAmerican Express Company	1.56%	107,978	$9M	trimmed−1%	+0.04 pp	17 q
STTState Street Corporation	1.52%	98,919	$9M	trimmed−2%	+0.11 pp	17 q
MSMorgan Stanley	1.40%	183,851	$8M	trimmed−1%	0.00 pp	17 q
VIABViacom Inc. Class B	1.40%	244,155	$8M	added+33%	−0.10 pp	9 q
PFEPfizer Inc.	1.36%	235,711	$8M	added+4%	0.00 pp	17 q
VZVerizon Communications	1.30%	169,766	$8M	added+6%	−0.08 pp	15 q
RDS.BRoyal Dutch Shell PLC	1.28%	137,294	$7M	added+7%	+0.02 pp	17 q
KMBKimberly-Clark Corp.	1.22%	55,252	$7M	added+5%	+0.01 pp	17 q
DVNDevon Energy Corporation	1.16%	212,229	$7M	trimmed−3%	−0.45 pp	17 q
XOMExxon Mobil Corp	1.16%	83,785	$7M	added+3%	−0.02 pp	17 q
TAT&T Inc.	1.14%	176,121	$7M	added+8%	−0.05 pp	17 q
COPConocoPhillips	1.14%	151,474	$7M	trimmed−4%	−0.24 pp	17 q
JNJJohnson & Johnson	1.12%	49,266	$7M	trimmed−5%	−0.02 pp	17 q
GISGeneral Mills, Inc.	1.11%	117,179	$6M	added+6%	−0.04 pp	17 q
AAPLApple Inc.	0.97%	39,256	$6M	trimmed−1%	−0.03 pp	16 q
TGTTarget Corporation	0.84%	93,741	$5M	added+4%	−0.03 pp	13 q
KOCoca-Cola Company	0.57%	74,710	$3M	trimmed−1%	+0.01 pp	17 q
IBMInternational Business Machines Corporation	0.48%	18,035	$3M	added+5%	−0.04 pp	17 q
SNIScripps Networks Inter-cl A	0.20%	16,780	$1M	new	+0.20 pp	new
MDYState Street SPDR S&P MIDCAP 400 ETF Trust	0.13%	2,358	$749,000	added+6%	+0.01 pp	14 q
CMCSAComcast Corp	0.11%	16,766	$653,000	held	—	7 q
EFGiShares MSCI EAFE Growth ETF	0.09%	7,025	$520,000	held	—	7 q
IWMiShares Russell 2000 ETF	0.07%	2,725	$384,000	held	—	10 q
BRK.BBERKSHIRE HATHAWAY Class B	0.06%	2,124	$360,000	added+1%	0.00 pp	17 q
MMM3M Company	0.06%	1,650	$344,000	held	—	7 q
WMTWalmart Inc.	0.06%	4,500	$341,000	trimmed−10%	0.00 pp	17 q
CGENCompugen Ltd	0.06%	85,500	$325,000	held	—	15 q
AFLAflac Inc.	0.05%	3,895	$303,000	held	—	17 q
KHCThe Kraft Heinz Company	0.05%	3,326	$285,000	added+17%	0.00 pp	7 q
MDLZMondelez International, Inc. Class A	0.05%	6,194	$268,000	added+31%	+0.01 pp	5 q
NVSNovartis AG	0.05%	3,334	$278,000	new	+0.05 pp	new
unresolvedDDR Corporation	0.04%	24,000	$218,000	new	+0.04 pp	new
GSGoldman Sachs Group Inc.	0.04%	976	$217,000	held	—	3 q
CLColgate-Palmolive Company	0.03%	2,725	$202,000	trimmed−2%	−0.01 pp	2 q
unresolvedTiger X Medical Inc.	0.03%	226,071	$149,000	held	—	14 q
SRNESorrento Therapeutics Inc	0.02%	72,000	$144,000	added×3.3	0.00 pp	16 q
unresolvedPsivida Corp	0.01%	26,500	$45,000	held	—	17 q
unresolvedCinedigm Corp	0.00%	12,365	$22,000	held	—	7 q
unresolvedEnvironmental Energy Service	0.00%	10,000	$0	held	—	17 q
APMRFAmper SA Madrid	0.00%	77,664	$19,000	held	—	15 q
SYMCGen Digital Inc.	—	−175,845	—	exited	−0.95 pp	—
MCDMcDonald's Corporation	—	−31,572	—	exited	−0.72 pp	—