Matrix Asset Advisors

Q2 2020 13F · by David Katz, CIO

As of: Jun 30, 2020
Filed: Aug 10, 2020
US stock: $522M · prev $439M
Positions: 76 · prev 70
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%

Moves73 since the prior filing

+5.2 pp in · −5.2 pp out

New 9 +1.64 pp
Added 33 +3.54 pp
Trimmed 28 −3.86 pp
Exited 3 −1.31 pp

The book

Focused · behaves like 35 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 26% a year, about 3.9 years per position

Low
Moderate
High

Top 5 positions24% of US stock

MSFT Microsoft Corp trimmed+0.33 pp trimmed+0.336.9%
ABBV Abbvie Inc. trimmed+0.26 pp trimmed+0.264.9%
KEL Kellanova added−0.20 pp added−0.204.2%
CSCO Cisco Systems, Inc. (DE) trimmed−0.10 pp trimmed−0.104.2%
JPM JPMorgan Chase & Co. trimmed−0.61 pp trimmed−0.614.1%

Positions76 in this filing · 3 exited


MSFTMicrosoft Corp	6.93%	177,605	$36M	trimmed−3%	+0.33 pp	29 q
ABBVAbbvie Inc.	4.92%	261,686	$26M	trimmed−3%	+0.26 pp	19 q
KELKellanova	4.24%	334,975	$22M	added+3%	−0.20 pp	5 q
CSCOCisco Systems, Inc. (DE)	4.22%	471,695	$22M	trimmed−2%	−0.10 pp	29 q
JPMJPMorgan Chase & Co.	4.14%	229,650	$22M	trimmed−1%	−0.61 pp	29 q
CVSCvs Health Corporation	4.06%	326,004	$21M	trimmed−1%	−0.38 pp	29 q
GILDGilead Sciences Inc	3.72%	252,229	$19M	trimmed−14%	−1.26 pp	25 q
QCOMQualcomm Inc	3.35%	191,510	$17M	added+19%	+0.88 pp	28 q
METMetLife, Inc.	3.33%	475,674	$17M	added+25%	+0.67 pp	29 q
TFCTruist Financial Corporation	2.78%	386,093	$14M	added+13%	+0.37 pp	29 q
GOOGAlphabet Inc. Class C	2.57%	9,480	$13M	trimmed−4%	−0.03 pp	17 q
ETNEaton Corporation, plc	2.48%	148,115	$13M	added+1%	−0.12 pp	26 q
CMCSAComcast Corp	2.28%	304,752	$12M	added+24%	+0.35 pp	19 q
EBAYeBay Inc	2.20%	219,332	$12M	trimmed−25%	+0.19 pp	8 q
AAPLApple Inc.	2.11%	30,154	$11M	trimmed−2%	+0.34 pp	28 q
TAT&T Inc.	2.07%	357,820	$11M	added+14%	−0.02 pp	29 q
MSMorgan Stanley	2.04%	220,185	$11M	trimmed−3%	+0.29 pp	29 q
VZVerizon Communications	1.99%	188,576	$10M	added+1%	−0.29 pp	27 q
MRKMerck & Co., Inc.	1.93%	130,135	$10M	added+10%	−0.14 pp	29 q
METAMeta Platforms, Inc. Class A	1.88%	43,178	$10M	trimmed−3%	+0.19 pp	8 q
KMBKimberly-Clark Corp.	1.87%	69,163	$10M	trimmed−1%	−0.15 pp	29 q
GISGeneral Mills, Inc.	1.83%	155,245	$10M	trimmed−1%	−0.06 pp	29 q
UPSUnited Parcel Service, Inc. Class B	1.75%	82,112	$9M	added+1%	+0.03 pp	29 q
HDHome Depot, Inc.	1.73%	36,076	$9M	trimmed−20%	−0.19 pp	6 q
PEPPepsiCo, Inc.	1.72%	67,716	$9M	added+4%	−0.06 pp	29 q
ZBHZimmer Biomet Holdings, Inc.	1.72%	75,048	$9M	added+1%	+0.01 pp	29 q
TMOThermo Fisher Scientific, Inc.	1.71%	24,578	$9M	trimmed−25%	−0.40 pp	29 q
STTState Street Corporation	1.65%	135,324	$9M	trimmed−2%	−0.02 pp	29 q
GSGoldman Sachs Group Inc.	1.63%	43,127	$9M	trimmed−1%	+0.09 pp	15 q
PARAParamount Global-class B	1.63%	365,326	$9M	trimmed−25%	+0.07 pp	3 q
0VQJLTe Connectivity Ltd	1.62%	103,965	$8M	added+7%	+0.23 pp	29 q
CVXChevron Corporation	1.61%	93,885	$8M	trimmed−3%	+0.01 pp	29 q
KOCoca-Cola Company	1.46%	171,069	$8M	added×3.7	+0.99 pp	2 q
MDLZMondelez International, Inc. Class A	1.43%	145,676	$7M	trimmed−1%	−0.25 pp	17 q
FDXFedEx Corporation	1.39%	51,663	$7M	trimmed−6%	−0.13 pp	5 q
PNCPNC Financial Services Group	1.39%	69,076	$7M	added+8%	−0.01 pp	6 q
WFCWells Fargo & Co.	1.33%	271,827	$7M	trimmed−47%	−2.05 pp	29 q
XOMExxon Mobil Corp	1.12%	130,311	$6M	trimmed−4%	−0.05 pp	29 q
COFCapital One Financial	1.02%	84,797	$5M	trimmed−4%	+0.01 pp	29 q
DUKDuke Energy Corporation	0.87%	56,510	$5M	added+37%	+0.11 pp	2 q
IBMInternational Business Machines Corporation	0.87%	37,489	$5M	added+21%	+0.09 pp	29 q
USBU.S. Bancorp	0.81%	114,829	$4M	new	+0.81 pp	new
JNJJohnson & Johnson	0.71%	26,182	$4M	added+8%	−0.01 pp	29 q
SLBSLB Limited	0.53%	150,456	$3M	added+26%	+0.16 pp	29 q
MTBM&T Bank Corp.	0.49%	24,612	$3M	new	+0.49 pp	new
JPSTJPMorgan Ultra-Short Income ETF	0.32%	32,904	$2M	added×6.5	+0.26 pp	3 q
EFAiShares MSCI EAFE ETF	0.28%	24,428	$1M	added×3.7	+0.20 pp	4 q
CGENCompugen Ltd	0.27%	95,500	$1M	trimmed−0%	+0.11 pp	27 q
ISTBiShares Core 1-5 Year USD Bond ETF of iShares Trust	0.17%	17,252	$888,000	added+12%	−0.01 pp	4 q
IWMiShares Russell 2000 ETF	0.16%	5,658	$810,000	added+14%	+0.03 pp	22 q
IWBiShares Russell 1000 ETF	0.15%	4,685	$804,000	trimmed−26%	−0.05 pp	7 q
SHYiShares 1-3 Year Treasury Bond ETF	0.13%	7,895	$684,000	added+10%	−0.01 pp	4 q
BMYBristol-Myers Squibb Co.	0.12%	10,634	$625,000	trimmed−0%	−0.01 pp	12 q
SHViShares Trust iShares 0-1 Year Treasury Bond ETF	0.11%	5,010	$555,000	added+9%	−0.01 pp	4 q
AMZNAmazon.Com Inc	0.10%	193	$532,000	added+15%	+0.03 pp	7 q
BRK.BBERKSHIRE HATHAWAY Class B	0.09%	2,496	$446,000	added+1%	−0.01 pp	29 q
IVViShares Core S&P 500 ETF	0.09%	1,587	$491,000	held	—	9 q
IGSBiShares Trust iShares 1-5 Year Investment Grade Corporate Bond ETF	0.07%	6,714	$367,000	added+34%	+0.01 pp	3 q
OPKOpko Health Inc.	0.07%	100,000	$341,000	new	+0.07 pp	new
SDYState Street SPDR S&P Dividend ETF	0.07%	3,809	$347,000	added+10%	+0.01 pp	9 q
EFGiShares MSCI EAFE Growth ETF	0.06%	3,601	$299,000	added+1%	0.00 pp	19 q
PGProcter & Gamble Company	0.06%	2,746	$328,000	added+20%	0.00 pp	29 q
SRNESorrento Therapeutics Inc	0.06%	50,000	$314,000	held	—	28 q
VYMVanguard High Dividend Yield ETF	0.06%	4,259	$336,000	new	+0.06 pp	new
AXPAmerican Express Company	0.05%	2,863	$273,000	held	—	29 q
IGIBiShares Trust iShares 5-10 Year Investment Grade Corporate Bond ETF	0.05%	4,206	$254,000	new	+0.05 pp	new
IEIiShares 3-7 Year Treasury Bond ETF	0.05%	1,785	$239,000	held	—	3 q
BSVVanguard Short-Term Bond ETF	0.05%	2,962	$246,000	trimmed−14%	−0.01 pp	4 q
VUGVanguard Morningstar Growth ETF	0.05%	1,298	$262,000	added0%	0.00 pp	4 q
AFLAflac Inc.	0.04%	6,201	$223,000	held	—	29 q
QQQInvesco QQQ Trust, Series 1	0.04%	851	$211,000	new	+0.04 pp	new
IEMGiShares Core MSCI Emerging Markets ETF	0.04%	4,706	$224,000	new	+0.04 pp	new
VIGVanguard Dividend Appreciation ETF	0.04%	1,823	$214,000	new	+0.04 pp	new
WMTWalmart Inc.	0.04%	1,750	$210,000	new	+0.04 pp	new
PSDVEyepoint Pharmaceuticals Inc	0.01%	39,500	$30,000	added+49%	0.00 pp	9 q
unresolvedCinedigm Corp	0.00%	12,365	$24,000	held	—	11 q
unresolvedUnilever Spn.Adr 1:1	—	−53,320	—	exited	−0.61 pp	—
OXYOccidental Petroleum Corporation	—	−167,122	—	exited	−0.44 pp	—
DVNDevon Energy Corporation	—	−163,558	—	exited	−0.26 pp	—