Matrix Asset Advisors

Q3 2018 13F · by David Katz, CIO

As of: Sep 30, 2018
Filed: Nov 7, 2018
US stock: $627M · prev $606M
Positions: 64 · prev 65
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%

Moves61 since the prior filing

+3.7 pp in · −3.7 pp out

New 3 +1.09 pp
Added 19 +2.63 pp
Trimmed 35 −1.37 pp
Exited 4 −2.35 pp

The book

Focused · behaves like 38 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 16% a year, about 6.1 years per position

Low
Moderate
High

Top 5 positions21% of US stock

JPM JPMorgan Chase & Co. trimmed0.00 pp trimmed0.004.9%
MSFT Microsoft Corp trimmed−0.37 pp trimmed−0.374.4%
CSCO Cisco Systems, Inc. (DE) trimmed−0.12 pp trimmed−0.124.1%
ETN Eaton Corporation, plc trimmed+0.27 pp trimmed+0.274.1%
QCOM Qualcomm Inc trimmed+0.58 pp trimmed+0.583.9%

Positions64 in this filing · 4 exited


JPMJPMorgan Chase & Co.	4.94%	274,704	$31M	trimmed−4%	0.00 pp	22 q
MSFTMicrosoft Corp	4.37%	239,328	$27M	trimmed−18%	−0.37 pp	22 q
CSCOCisco Systems, Inc. (DE)	4.11%	529,156	$26M	trimmed−11%	−0.12 pp	22 q
ETNEaton Corporation, plc	4.09%	295,969	$26M	trimmed−5%	+0.27 pp	19 q
QCOMQualcomm Inc	3.86%	336,244	$24M	trimmed−5%	+0.58 pp	21 q
WFCWells Fargo & Co.	3.85%	459,308	$24M	trimmed−1%	−0.41 pp	22 q
ABBVAbbvie Inc.	3.74%	247,834	$23M	added0%	−0.04 pp	12 q
GILDGilead Sciences Inc	3.43%	278,396	$21M	added+3%	+0.28 pp	18 q
METMetLife, Inc.	3.17%	425,266	$20M	added+1%	+0.14 pp	22 q
PGProcter & Gamble Company	3.07%	231,478	$19M	trimmed−3%	0.00 pp	22 q
OXYOccidental Petroleum Corporation	3.06%	233,442	$19M	added+10%	+0.14 pp	22 q
UTXZRTX Corporation	3.03%	135,642	$19M	trimmed−4%	+0.11 pp	22 q
PEPPepsiCo, Inc.	2.99%	167,384	$19M	trimmed−3%	−0.11 pp	22 q
BBTTruist Financial Corporation	2.63%	339,247	$16M	added+6%	−0.04 pp	22 q
GOOGAlphabet Inc. Class C	2.51%	13,191	$16M	trimmed−0%	+0.07 pp	10 q
CVXChevron Corporation	2.23%	114,429	$14M	trimmed−4%	−0.25 pp	22 q
0VQJLTe Connectivity Ltd	2.14%	152,541	$13M	trimmed−3%	−0.20 pp	22 q
ZBHZimmer Biomet Holdings, Inc.	2.11%	100,461	$13M	trimmed−9%	+0.09 pp	22 q
TMOThermo Fisher Scientific, Inc.	2.06%	52,929	$13M	trimmed−12%	−0.01 pp	22 q
SLBSLB Limited	1.97%	202,546	$12M	added+8%	−0.10 pp	22 q
CVSCvs Health Corporation	1.91%	152,088	$12M	trimmed−6%	+0.20 pp	22 q
CMCSAComcast Corp	1.89%	334,173	$12M	added+9%	+0.23 pp	12 q
COFCapital One Financial	1.70%	112,073	$11M	trimmed−6%	−0.11 pp	22 q
GSGoldman Sachs Group Inc.	1.65%	46,160	$10M	added+6%	+0.07 pp	8 q
PFEPfizer Inc.	1.64%	233,898	$10M	trimmed−6%	+0.15 pp	22 q
unresolvedCBS Corp	1.62%	176,615	$10M	added+10%	+0.13 pp	4 q
CBChubb Limited	1.62%	76,183	$10M	trimmed−5%	−0.05 pp	11 q
MRKMerck & Co., Inc.	1.61%	141,949	$10M	trimmed−20%	−0.17 pp	22 q
RDS.BRoyal Dutch Shell PLC	1.58%	139,473	$10M	trimmed−3%	−0.15 pp	22 q
TAT&T Inc.	1.57%	293,014	$10M	added+25%	+0.33 pp	22 q
UPSUnited Parcel Service, Inc. Class B	1.56%	83,845	$10M	trimmed−5%	+0.02 pp	22 q
VZVerizon Communications	1.53%	179,441	$10M	trimmed−5%	−0.04 pp	20 q
VIABViacom Inc. Class B	1.44%	268,038	$9M	trimmed−0%	+0.10 pp	14 q
KMBKimberly-Clark Corp.	1.37%	75,327	$9M	added0%	+0.06 pp	22 q
MDLZMondelez International, Inc. Class A	1.35%	197,160	$8M	trimmed−3%	−0.03 pp	10 q
AAPLApple Inc.	1.29%	35,790	$8M	trimmed−1%	+0.18 pp	21 q
XOMExxon Mobil Corp	1.25%	92,303	$8M	trimmed−5%	−0.07 pp	22 q
STTState Street Corporation	1.23%	91,855	$8M	added×2.5	+0.66 pp	22 q
MSMorgan Stanley	1.22%	164,189	$8M	trimmed−2%	−0.09 pp	22 q
DVNDevon Energy Corporation	1.18%	185,969	$7M	trimmed−1%	−0.18 pp	22 q
GISGeneral Mills, Inc.	1.18%	172,871	$7M	added+12%	+0.05 pp	22 q
JNJJohnson & Johnson	1.04%	47,274	$7M	trimmed−6%	+0.04 pp	22 q
IBMInternational Business Machines Corporation	0.75%	31,034	$5M	added+38%	+0.23 pp	22 q
SYMCGen Digital Inc.	0.71%	208,854	$4M	added×2.8	+0.45 pp	3 q
EBAYeBay Inc	0.59%	111,366	$4M	new	+0.59 pp	new
METAMeta Platforms, Inc. Class A	0.47%	17,901	$3M	new	+0.47 pp	new
AXPAmerican Express Company	0.43%	25,404	$3M	trimmed−67%	−0.80 pp	22 q
KOCoca-Cola Company	0.28%	38,320	$2M	trimmed−1%	0.00 pp	22 q
BMYBristol-Myers Squibb Co.	0.17%	17,239	$1M	held	—	5 q
MDYState Street SPDR S&P MIDCAP 400 ETF Trust	0.13%	2,167	$796,000	trimmed−1%	0.00 pp	19 q
EFGiShares MSCI EAFE Growth ETF	0.09%	7,253	$581,000	added0%	0.00 pp	12 q
BRK.BBERKSHIRE HATHAWAY Class B	0.08%	2,210	$473,000	added0%	+0.01 pp	22 q
IVViShares Core S&P 500 ETF	0.07%	1,442	$422,000	added+26%	+0.02 pp	2 q
IWMiShares Russell 2000 ETF	0.07%	2,643	$446,000	trimmed−1%	0.00 pp	15 q
AFLAflac Inc.	0.05%	6,201	$292,000	held	—	22 q
BABoeing Company	0.05%	896	$333,000	held	—	4 q
SDYState Street SPDR S&P Dividend ETF	0.05%	3,104	$304,000	added+25%	+0.01 pp	2 q
WMTWalmart Inc.	0.05%	3,500	$329,000	trimmed−4%	0.00 pp	22 q
CGENCompugen Ltd	0.05%	86,500	$333,000	held	—	20 q
SRNESorrento Therapeutics Inc	0.04%	60,000	$264,000	held	—	21 q
unresolvedGeneral Electric Co	0.03%	19,235	$217,000	trimmed−6%	−0.02 pp	22 q
MMM3M Company	0.03%	1,005	$212,000	new	+0.03 pp	new
PSDVEyepoint Pharmaceuticals Inc	0.02%	28,500	$102,000	held	—	2 q
unresolvedCinedigm Corp	0.00%	12,365	$14,000	held	—	4 q
COPConocoPhillips	—	−92,278	—	exited	−1.06 pp	—
TGTTarget Corporation	—	−72,357	—	exited	−0.91 pp	—
DUKDuke Energy Corporation	—	−27,196	—	exited	−0.35 pp	—
KHCThe Kraft Heinz Company	—	−3,326	—	exited	−0.03 pp	—