Matrix Asset Advisors

Q2 2019 13F · by David Katz, CIO

As of: Jun 30, 2019
Filed: Aug 10, 2019
US stock: $564M · prev $585M
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%

Moves63 since the prior filing

+4.0 pp in · −4.1 pp out

New 3 +1.22 pp
Added 22 +2.82 pp
Trimmed 35 −3.70 pp
Exited 3 −0.36 pp

The book

Focused · behaves like 39 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 13% a year, about 7.7 years per position

Low
Moderate
High

Top 5 positions22% of US stock

Positions68 in this filing · 3 exited


JPMJPMorgan Chase & Co.	4.97%	250,808	$28M	trimmed−7%	+0.30 pp	25 q
MSFTMicrosoft Corp	4.93%	207,614	$28M	trimmed−8%	+0.39 pp	25 q
ETNEaton Corporation, plc	4.01%	271,553	$23M	trimmed−7%	0.00 pp	22 q
WFCWells Fargo & Co.	3.84%	457,482	$22M	trimmed−4%	−0.09 pp	25 q
QCOMQualcomm Inc	3.75%	278,367	$21M	trimmed−22%	+0.29 pp	24 q
METMetLife, Inc.	3.57%	405,967	$20M	trimmed−7%	+0.40 pp	25 q
CSCOCisco Systems, Inc. (DE)	3.38%	348,771	$19M	trimmed−8%	−0.12 pp	25 q
GILDGilead Sciences Inc	3.34%	278,619	$19M	trimmed−6%	+0.04 pp	21 q
BBTTruist Financial Corporation	3.10%	356,237	$18M	trimmed−1%	+0.24 pp	25 q
ABBVAbbvie Inc.	3.04%	236,010	$17M	trimmed−5%	−0.39 pp	15 q
PEPPepsiCo, Inc.	2.59%	111,548	$15M	trimmed−31%	−0.78 pp	25 q
CVSCvs Health Corporation	2.42%	250,167	$14M	added+20%	+0.50 pp	25 q
UTXZRTX Corporation	2.36%	102,138	$13M	trimmed−24%	−0.60 pp	25 q
TMOThermo Fisher Scientific, Inc.	2.16%	41,526	$12M	trimmed−13%	−0.08 pp	25 q
TAT&T Inc.	2.14%	361,133	$12M	added+2%	+0.25 pp	25 q
0VQJLTe Connectivity Ltd	2.14%	125,984	$12M	trimmed−14%	+0.12 pp	25 q
GOOGAlphabet Inc. Class C	2.12%	11,063	$12M	trimmed−13%	−0.42 pp	13 q
CMCSAComcast Corp	2.03%	270,479	$11M	trimmed−15%	−0.14 pp	15 q
SLBSLB Limited	2.02%	286,212	$11M	trimmed−6%	−0.24 pp	25 q
OXYOccidental Petroleum Corporation	2.01%	225,075	$11M	trimmed−6%	−0.71 pp	25 q
MSMorgan Stanley	1.94%	249,949	$11M	trimmed−12%	−0.11 pp	25 q
UPSUnited Parcel Service, Inc. Class B	1.93%	105,350	$11M	added+20%	+0.25 pp	25 q
ZBHZimmer Biomet Holdings, Inc.	1.81%	86,604	$10M	trimmed−10%	−0.29 pp	25 q
GISGeneral Mills, Inc.	1.74%	187,267	$10M	added+1%	+0.10 pp	25 q
VZVerizon Communications	1.74%	171,922	$10M	added+2%	+0.03 pp	23 q
GSGoldman Sachs Group Inc.	1.71%	47,043	$10M	trimmed−13%	−0.06 pp	11 q
unresolvedCBS Corp	1.69%	190,908	$10M	trimmed−10%	−0.03 pp	7 q
RDS.BRoyal Dutch Shell PLC	1.67%	142,969	$9M	added0%	+0.11 pp	25 q
KMBKimberly-Clark Corp.	1.63%	69,178	$9M	trimmed−11%	−0.02 pp	25 q
COFCapital One Financial	1.61%	99,891	$9M	trimmed−11%	+0.04 pp	25 q
MDLZMondelez International, Inc. Class A	1.61%	168,628	$9M	trimmed−18%	−0.15 pp	13 q
PFEPfizer Inc.	1.59%	207,596	$9M	added0%	+0.09 pp	25 q
STTState Street Corporation	1.51%	152,251	$9M	trimmed−12%	−0.44 pp	25 q
MRKMerck & Co., Inc.	1.47%	98,646	$8M	added+20%	+0.30 pp	25 q
EBAYeBay Inc	1.46%	209,105	$8M	trimmed−14%	−0.08 pp	4 q
VIABViacom Inc. Class B	1.43%	270,020	$8M	trimmed−11%	−0.02 pp	17 q
HDHome Depot, Inc.	1.35%	36,619	$8M	added+97%	+0.74 pp	2 q
CVXChevron Corporation	1.22%	55,262	$7M	trimmed−10%	−0.07 pp	25 q
JNJJohnson & Johnson	1.22%	49,372	$7M	added+3%	+0.08 pp	25 q
AAPLApple Inc.	1.18%	33,667	$7M	trimmed−8%	−0.01 pp	24 q
XOMExxon Mobil Corp	1.03%	76,054	$6M	trimmed−14%	−0.19 pp	25 q
SYMCGen Digital Inc.	1.01%	261,964	$6M	added+16%	+0.12 pp	6 q
METAMeta Platforms, Inc. Class A	0.96%	28,086	$5M	trimmed−11%	+0.06 pp	4 q
DVNDevon Energy Corporation	0.85%	168,509	$5M	trimmed−5%	−0.10 pp	25 q
IBMInternational Business Machines Corporation	0.73%	29,868	$4M	added0%	+0.01 pp	25 q
PNCPNC Financial Services Group	0.70%	28,573	$4M	added+2%	+0.11 pp	2 q
PGProcter & Gamble Company	0.68%	35,043	$4M	trimmed−44%	−0.43 pp	25 q
FDXFedEx Corporation	0.60%	20,536	$3M	new	+0.60 pp	new
KELKellanova	0.58%	61,546	$3M	new	+0.58 pp	new
MDYState Street SPDR S&P MIDCAP 400 ETF Trust	0.28%	4,529	$2M	added+28%	+0.07 pp	22 q
IWBiShares Russell 1000 ETF	0.14%	4,685	$763,000	added+2%	+0.02 pp	3 q
IWMiShares Russell 2000 ETF	0.13%	4,732	$736,000	added+5%	+0.01 pp	18 q
BMYBristol-Myers Squibb Co.	0.10%	12,305	$558,000	added0%	0.00 pp	8 q
EFGiShares MSCI EAFE Growth ETF	0.10%	7,325	$592,000	added+1%	0.00 pp	15 q
BRK.BBERKSHIRE HATHAWAY Class B	0.09%	2,359	$503,000	added0%	+0.01 pp	25 q
IVViShares Core S&P 500 ETF	0.08%	1,587	$468,000	held	—	5 q
WMTWalmart Inc.	0.07%	3,500	$387,000	held	—	25 q
AFLAflac Inc.	0.06%	6,201	$340,000	held	—	25 q
AMZNAmazon.Com Inc	0.06%	179	$339,000	added+7%	+0.01 pp	3 q
AXPAmerican Express Company	0.06%	2,873	$355,000	held	—	25 q
BABoeing Company	0.06%	937	$341,000	added+4%	0.00 pp	7 q
SDYState Street SPDR S&P Dividend ETF	0.06%	3,108	$314,000	added0%	+0.01 pp	5 q
CGENCompugen Ltd	0.06%	94,500	$363,000	trimmed−5%	−0.01 pp	23 q
OPKOpko Health Inc.	0.04%	100,000	$244,000	new	+0.04 pp	new
SRNESorrento Therapeutics Inc	0.03%	60,000	$160,000	held	—	24 q
PSDVEyepoint Pharmaceuticals Inc	0.01%	26,500	$43,000	held	—	5 q
ASNAAscena Retail Group Inc	0.00%	33,262	$20,000	held	—	2 q
unresolvedCinedigm Corp	0.00%	12,365	$17,000	held	—	7 q
KOCoca-Cola Company	—	−36,905	—	exited	−0.30 pp	—
MMM3M Company	—	−1,005	—	exited	−0.04 pp	—
unresolvedGeneral Electric Co	—	−10,162	—	exited	−0.02 pp	—