Matrix Asset Advisors

Q3 2017 13F · by David Katz, CIO

As of: Sep 30, 2017
Filed: Nov 14, 2017
US stock: $607M · prev $584M
Positions: 68 · prev 68
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%

Moves59 since the prior filing

+1.0 pp in · −1.0 pp out

New 2 +0.63 pp
Added 29 +0.33 pp
Trimmed 26 −0.75 pp
Exited 2 −0.23 pp

The book

Focused · behaves like 38 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 4.1% a year, about 24.6 years per position

Low
Moderate
High

Top 5 positions21% of US stock

Positions68 in this filing · 2 exited


JPMJPMorgan Chase & Co.	4.93%	313,103	$30M	trimmed−1%	−0.03 pp	18 q
WFCWells Fargo & Co.	4.35%	478,892	$26M	added+1%	−0.16 pp	18 q
MSFTMicrosoft Corp	4.30%	350,799	$26M	trimmed−1%	+0.10 pp	18 q
ETNEaton Corporation, plc	3.98%	314,668	$24M	added+1%	−0.19 pp	15 q
ABBVAbbvie Inc.	3.82%	260,917	$23M	trimmed−0%	+0.57 pp	8 q
METMetLife, Inc.	3.74%	436,611	$23M	added+1%	−0.32 pp	18 q
CSCOCisco Systems, Inc. (DE)	3.56%	642,206	$22M	added+3%	+0.23 pp	18 q
CVSCvs Health Corporation	3.54%	264,510	$22M	trimmed−1%	−0.13 pp	18 q
PGProcter & Gamble Company	3.19%	212,589	$19M	trimmed−0%	0.00 pp	18 q
UTXZRTX Corporation	3.05%	159,658	$19M	added+2%	−0.23 pp	18 q
GILDGilead Sciences Inc	2.98%	223,537	$18M	added0%	+0.27 pp	14 q
CVXChevron Corporation	2.82%	145,911	$17M	trimmed−1%	+0.18 pp	18 q
PEPPepsiCo, Inc.	2.71%	147,462	$16M	added0%	−0.20 pp	18 q
QCOMQualcomm Inc	2.69%	315,513	$16M	added+13%	+0.04 pp	17 q
BBTTruist Financial Corporation	2.53%	327,798	$15M	added+2%	+0.03 pp	18 q
0VQJLTe Connectivity Ltd	2.41%	176,112	$15M	trimmed−1%	+0.01 pp	18 q
OXYOccidental Petroleum Corporation	2.37%	223,864	$14M	added0%	+0.08 pp	18 q
GOOGAlphabet Inc. Class C	2.25%	14,268	$14M	trimmed−1%	+0.01 pp	6 q
ZBHZimmer Biomet Holdings, Inc.	2.17%	112,355	$13M	trimmed−0%	−0.31 pp	18 q
TMOThermo Fisher Scientific, Inc.	2.09%	67,068	$13M	trimmed−2%	+0.04 pp	18 q
CBChubb Limited	2.03%	86,325	$12M	trimmed−2%	−0.16 pp	7 q
JCIJohnson Controls International plc	1.98%	298,991	$12M	trimmed−1%	−0.26 pp	5 q
COFCapital One Financial	1.83%	131,152	$11M	added+1%	0.00 pp	18 q
SLBSLB Limited	1.76%	152,839	$11M	trimmed−1%	+0.02 pp	18 q
UPSUnited Parcel Service, Inc. Class B	1.67%	84,668	$10M	added+1%	+0.08 pp	18 q
AXPAmerican Express Company	1.58%	105,971	$10M	trimmed−2%	+0.02 pp	18 q
MRKMerck & Co., Inc.	1.56%	147,926	$9M	added+1%	−0.04 pp	18 q
HOGHarley-Davidson, Inc.	1.48%	186,118	$9M	trimmed−1%	−0.26 pp	10 q
MSMorgan Stanley	1.45%	182,359	$9M	trimmed−1%	+0.05 pp	18 q
RDS.BRoyal Dutch Shell PLC	1.43%	138,983	$9M	added+1%	+0.15 pp	18 q
PFEPfizer Inc.	1.41%	240,255	$9M	added+2%	+0.05 pp	18 q
VZVerizon Communications	1.41%	173,573	$9M	added+2%	+0.11 pp	16 q
unresolvedGeneral Electric Co	1.40%	351,532	$9M	trimmed−1%	−0.24 pp	18 q
DVNDevon Energy Corporation	1.27%	210,596	$8M	trimmed−1%	+0.11 pp	18 q
STTState Street Corporation	1.26%	80,375	$8M	trimmed−19%	−0.26 pp	18 q
COPConocoPhillips	1.23%	149,138	$7M	trimmed−2%	+0.09 pp	18 q
TAT&T Inc.	1.17%	181,078	$7M	added+3%	+0.03 pp	18 q
XOMExxon Mobil Corp	1.15%	85,465	$7M	added+2%	−0.01 pp	18 q
GISGeneral Mills, Inc.	1.13%	132,090	$7M	added+13%	+0.02 pp	18 q
KMBKimberly-Clark Corp.	1.11%	57,364	$7M	added+4%	−0.11 pp	18 q
VIABViacom Inc. Class B	1.11%	242,581	$7M	trimmed−1%	−0.29 pp	10 q
JNJJohnson & Johnson	1.07%	50,049	$7M	added+2%	−0.05 pp	18 q
AAPLApple Inc.	0.99%	38,895	$6M	trimmed−1%	+0.02 pp	17 q
TGTTarget Corporation	0.91%	94,027	$6M	added0%	+0.07 pp	14 q
KOCoca-Cola Company	0.56%	76,069	$3M	added+2%	−0.01 pp	18 q
MDLZMondelez International, Inc. Class A	0.53%	79,242	$3M	added×12.8	+0.48 pp	6 q
IBMInternational Business Machines Corporation	0.50%	21,088	$3M	added+17%	+0.02 pp	18 q
WPPWpp PLC	0.44%	28,942	$3M	new	+0.44 pp	new
BMYBristol-Myers Squibb Co.	0.19%	17,974	$1M	new	+0.19 pp	new
MDYState Street SPDR S&P MIDCAP 400 ETF Trust	0.12%	2,318	$756,000	trimmed−2%	−0.01 pp	15 q
CMCSAComcast Corp	0.11%	16,771	$645,000	added0%	0.00 pp	8 q
EFGiShares MSCI EAFE Growth ETF	0.09%	7,025	$544,000	held	—	8 q
IWMiShares Russell 2000 ETF	0.07%	2,717	$403,000	trimmed−0%	0.00 pp	11 q
BRK.BBERKSHIRE HATHAWAY Class B	0.06%	2,144	$393,000	added+1%	0.00 pp	18 q
MMM3M Company	0.06%	1,650	$346,000	held	—	8 q
NVSNovartis AG	0.05%	3,334	$286,000	held	—	2 q
WMTWalmart Inc.	0.05%	4,150	$324,000	trimmed−8%	−0.01 pp	18 q
CGENCompugen Ltd	0.05%	86,500	$329,000	added+1%	−0.01 pp	16 q
AFLAflac Inc.	0.04%	3,295	$268,000	trimmed−15%	−0.01 pp	18 q
unresolvedDDR Corporation	0.04%	24,000	$220,000	held	—	2 q
GSGoldman Sachs Group Inc.	0.04%	976	$231,000	held	—	4 q
KHCThe Kraft Heinz Company	0.04%	3,326	$258,000	held	—	8 q
SRNESorrento Therapeutics Inc	0.02%	72,000	$122,000	held	—	17 q
unresolvedTiger X Medical Inc.	0.02%	226,071	$105,000	held	—	15 q
unresolvedPsivida Corp	0.01%	37,500	$45,000	added+42%	0.00 pp	18 q
unresolvedCinedigm Corp	0.00%	12,365	$18,000	held	—	8 q
unresolvedEnvironmental Energy Service	0.00%	10,000	$0	held	—	18 q
APMRFAmper SA Madrid	0.00%	77,664	$19,000	held	—	16 q
SNIScripps Networks Inter-cl A	—	−16,780	—	exited	−0.20 pp	—
CLColgate-Palmolive Company	—	−2,725	—	exited	−0.03 pp	—

Source

Form: 13F-HR
Reading: 4 defects · 6 unresolved
Accession: 0001140361-17-042313
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 E04600198 not on the Official 13(f) List for 2017-09-30
A security outside the official 13F list — CUSIP 172406100 not on the Official 13(f) List for 2017-09-30
A security outside the official 13F list — CUSIP 29406Q101 not on the Official 13(f) List for 2017-09-30
A security outside the official 13F list — CUSIP 88677A104 not on the Official 13(f) List for 2017-09-30

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