Matrix Asset Advisors

Q1 2019 13F · by David Katz, CIO

As of: Mar 31, 2019
Filed: May 8, 2019
US stock: $585M · prev $539M
Positions: 68 · prev 69
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%

Moves69 since the prior filing

+3.5 pp in · −3.5 pp out

New 4 +1.25 pp
Added 25 +2.21 pp
Trimmed 35 −1.20 pp
Exited 5 −2.26 pp

The book

Focused · behaves like 39 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 19% a year, about 5.3 years per position

Low
Moderate
High

Top 5 positions21% of US stock

JPM JPMorgan Chase & Co. trimmed−0.29 pp trimmed−0.294.7%
MSFT Microsoft Corp trimmed+0.02 pp trimmed+0.024.5%
ETN Eaton Corporation, plc trimmed+0.21 pp trimmed+0.214.0%
WFC Wells Fargo & Co. added−0.13 pp added−0.133.9%
CSCO Cisco Systems, Inc. (DE) trimmed−0.56 pp trimmed−0.563.5%

Positions68 in this filing · 5 exited


JPMJPMorgan Chase & Co.	4.67%	270,309	$27M	trimmed−1%	−0.29 pp	24 q
MSFTMicrosoft Corp	4.54%	225,420	$27M	trimmed−6%	+0.02 pp	24 q
ETNEaton Corporation, plc	4.01%	291,586	$23M	trimmed−2%	+0.21 pp	21 q
WFCWells Fargo & Co.	3.93%	476,713	$23M	added0%	−0.13 pp	24 q
CSCOCisco Systems, Inc. (DE)	3.50%	379,267	$20M	trimmed−25%	−0.56 pp	24 q
QCOMQualcomm Inc	3.46%	355,428	$20M	trimmed−1%	−0.33 pp	23 q
ABBVAbbvie Inc.	3.43%	248,872	$20M	added+1%	−0.81 pp	14 q
PEPPepsiCo, Inc.	3.37%	160,916	$20M	trimmed−8%	−0.21 pp	24 q
GILDGilead Sciences Inc	3.30%	296,876	$19M	added+5%	+0.03 pp	20 q
METMetLife, Inc.	3.17%	436,326	$19M	added+1%	−0.13 pp	24 q
UTXZRTX Corporation	2.96%	134,631	$17M	trimmed−1%	+0.26 pp	24 q
BBTTruist Financial Corporation	2.86%	359,463	$17M	added+1%	−0.02 pp	24 q
OXYOccidental Petroleum Corporation	2.72%	240,201	$16M	trimmed−1%	−0.05 pp	24 q
GOOGAlphabet Inc. Class C	2.54%	12,663	$15M	trimmed−3%	+0.03 pp	12 q
SLBSLB Limited	2.26%	304,209	$13M	added+87%	+1.17 pp	24 q
TMOThermo Fisher Scientific, Inc.	2.24%	47,957	$13M	trimmed−4%	+0.16 pp	24 q
CMCSAComcast Corp	2.17%	317,786	$13M	trimmed−2%	+0.11 pp	14 q
ZBHZimmer Biomet Holdings, Inc.	2.10%	96,402	$12M	trimmed−3%	+0.19 pp	24 q
MSMorgan Stanley	2.05%	284,693	$12M	added+9%	+0.13 pp	24 q
0VQJLTe Connectivity Ltd	2.02%	146,599	$12M	trimmed−3%	−0.10 pp	24 q
STTState Street Corporation	1.95%	173,611	$11M	trimmed−1%	−0.10 pp	24 q
CVSCvs Health Corporation	1.92%	208,688	$11M	added+38%	+0.08 pp	24 q
TAT&T Inc.	1.89%	353,393	$11M	added+8%	+0.16 pp	24 q
GSGoldman Sachs Group Inc.	1.77%	53,907	$10M	added×2.1	+0.97 pp	10 q
MDLZMondelez International, Inc. Class A	1.76%	206,186	$10M	trimmed−2%	+0.20 pp	12 q
unresolvedCBS Corp	1.72%	211,770	$10M	added+6%	+0.10 pp	6 q
VZVerizon Communications	1.71%	169,187	$10M	trimmed−0%	−0.06 pp	22 q
UPSUnited Parcel Service, Inc. Class B	1.68%	87,784	$10M	added+1%	+0.10 pp	24 q
KMBKimberly-Clark Corp.	1.65%	78,007	$10M	trimmed−0%	0.00 pp	24 q
GISGeneral Mills, Inc.	1.64%	185,472	$10M	trimmed−0%	+0.29 pp	24 q
COFCapital One Financial	1.57%	112,448	$9M	added+2%	+0.02 pp	24 q
RDS.BRoyal Dutch Shell PLC	1.56%	142,402	$9M	added0%	−0.02 pp	24 q
EBAYeBay Inc	1.54%	242,529	$9M	trimmed−2%	+0.24 pp	3 q
PFEPfizer Inc.	1.50%	207,069	$9M	trimmed−1%	−0.19 pp	24 q
VIABViacom Inc. Class B	1.45%	302,182	$8M	added+10%	+0.14 pp	16 q
CVXChevron Corporation	1.29%	61,450	$8M	trimmed−3%	+0.01 pp	24 q
XOMExxon Mobil Corp	1.22%	88,141	$7M	trimmed−1%	+0.10 pp	24 q
AAPLApple Inc.	1.19%	36,625	$7M	added0%	+0.12 pp	23 q
MRKMerck & Co., Inc.	1.17%	82,032	$7M	trimmed−27%	−0.43 pp	24 q
JNJJohnson & Johnson	1.14%	47,840	$7M	added+1%	0.00 pp	24 q
PGProcter & Gamble Company	1.11%	62,302	$6M	trimmed−42%	−0.72 pp	24 q
DVNDevon Energy Corporation	0.95%	176,669	$6M	trimmed−2%	+0.19 pp	24 q
METAMeta Platforms, Inc. Class A	0.90%	31,457	$5M	added+1%	+0.14 pp	3 q
SYMCGen Digital Inc.	0.89%	226,499	$5M	trimmed−1%	+0.08 pp	5 q
IBMInternational Business Machines Corporation	0.72%	29,799	$4M	trimmed−1%	+0.09 pp	24 q
HDHome Depot, Inc.	0.61%	18,570	$4M	new	+0.61 pp	new
PNCPNC Financial Services Group	0.59%	27,931	$3M	new	+0.59 pp	new
KOCoca-Cola Company	0.30%	36,905	$2M	trimmed−4%	−0.04 pp	24 q
MDYState Street SPDR S&P MIDCAP 400 ETF Trust	0.21%	3,536	$1M	added+63%	+0.09 pp	21 q
IWBiShares Russell 1000 ETF	0.12%	4,595	$723,000	trimmed−2%	0.00 pp	2 q
IWMiShares Russell 2000 ETF	0.12%	4,525	$693,000	added+68%	+0.05 pp	17 q
BMYBristol-Myers Squibb Co.	0.10%	12,300	$587,000	trimmed−19%	−0.05 pp	7 q
EFGiShares MSCI EAFE Growth ETF	0.10%	7,240	$561,000	trimmed−0%	+0.01 pp	14 q
BRK.BBERKSHIRE HATHAWAY Class B	0.08%	2,350	$472,000	added+1%	−0.01 pp	24 q
IVViShares Core S&P 500 ETF	0.08%	1,587	$452,000	added+6%	+0.01 pp	4 q
CGENCompugen Ltd	0.07%	99,500	$412,000	trimmed−5%	+0.03 pp	22 q
BABoeing Company	0.06%	897	$342,000	added0%	+0.01 pp	6 q
WMTWalmart Inc.	0.06%	3,500	$341,000	held	—	24 q
AFLAflac Inc.	0.05%	6,201	$310,000	held	—	24 q
AMZNAmazon.Com Inc	0.05%	168	$299,000	added+8%	+0.01 pp	2 q
AXPAmerican Express Company	0.05%	2,873	$314,000	trimmed−85%	−0.29 pp	24 q
SDYState Street SPDR S&P Dividend ETF	0.05%	3,107	$309,000	added0%	0.00 pp	4 q
SRNESorrento Therapeutics Inc	0.05%	60,000	$285,000	held	—	23 q
MMM3M Company	0.04%	1,005	$209,000	new	+0.04 pp	new
unresolvedGeneral Electric Co	0.02%	10,162	$102,000	trimmed−25%	0.00 pp	24 q
ASNAAscena Retail Group Inc	0.01%	33,262	$36,000	new	+0.01 pp	new
PSDVEyepoint Pharmaceuticals Inc	0.01%	26,500	$47,000	trimmed−7%	0.00 pp	4 q
unresolvedCinedigm Corp	0.00%	12,365	$23,000	held	—	6 q
CBChubb Limited	—	−51,401	—	exited	−1.23 pp	—
IEZiShares U.S. Oil Equipment & Services ETF	—	−242,964	—	exited	−0.92 pp	—
DISThe Walt Disney Company	—	−1,962	—	exited	−0.04 pp	—
EFAiShares MSCI EAFE ETF	—	−3,820	—	exited	−0.04 pp	—
unresolvedPimco NY Municipal Income Fd	—	−11,550	—	exited	−0.03 pp	—