Matrix Asset Advisors

Q4 2020 13F · by David Katz, CIO

As of: Dec 31, 2020
Filed: Feb 10, 2021
US stock: $593M · prev $514M
Positions: 87 · prev 79
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%

Moves82 since the prior filing

+1.6 pp in · −1.6 pp out

New 11 +1.22 pp
Added 45 +0.40 pp
Trimmed 23 −1.35 pp
Exited 3 −0.24 pp

The book

Focused · behaves like 39 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 10% a year, about 9.6 years per position

Low
Moderate
High

Top 5 positions22% of US stock

MSFT Microsoft Corp added−0.54 pp added−0.546.2%
JPM JPMorgan Chase & Co. added+0.60 pp added+0.604.6%
ABBV Abbvie Inc. added+0.31 pp added+0.314.1%
CVS Cvs Health Corporation added+0.08 pp added+0.083.9%
CSCO Cisco Systems, Inc. (DE) added+0.10 pp added+0.103.6%

Positions87 in this filing · 3 exited


MSFTMicrosoft Corp	6.21%	165,614	$37M	added0%	−0.54 pp	31 q
JPMJPMorgan Chase & Co.	4.61%	215,300	$27M	added+1%	+0.60 pp	31 q
ABBVAbbvie Inc.	4.12%	227,811	$24M	added+2%	+0.31 pp	21 q
CVSCvs Health Corporation	3.85%	333,916	$23M	added+1%	+0.08 pp	31 q
CSCOCisco Systems, Inc. (DE)	3.59%	475,908	$21M	added+4%	+0.10 pp	31 q
KELKellanova	3.53%	336,704	$21M	added+4%	−0.52 pp	7 q
METMetLife, Inc.	3.44%	434,531	$20M	trimmed−1%	+0.26 pp	31 q
QCOMQualcomm Inc	3.43%	133,324	$20M	trimmed−2%	+0.33 pp	30 q
GILDGilead Sciences Inc	2.95%	300,285	$17M	added+9%	−0.44 pp	27 q
TFCTruist Financial Corporation	2.92%	361,212	$17M	trimmed−1%	+0.23 pp	31 q
AAPLApple Inc.	2.71%	121,045	$16M	added+1%	+0.01 pp	30 q
GOOGAlphabet Inc. Class C	2.65%	8,965	$16M	trimmed−3%	0.00 pp	19 q
CMCSAComcast Corp	2.55%	288,597	$15M	trimmed−0%	−0.05 pp	21 q
MSMorgan Stanley	2.43%	210,254	$14M	trimmed−2%	+0.41 pp	31 q
PARAParamount Global-class B	2.42%	384,328	$14M	added+6%	+0.45 pp	5 q
KOCoca-Cola Company	2.20%	237,488	$13M	added+16%	+0.24 pp	4 q
FDXFedEx Corporation	2.17%	49,524	$13M	trimmed−2%	−0.29 pp	7 q
0VQJLTe Connectivity Ltd	2.05%	100,431	$12M	trimmed−2%	+0.09 pp	31 q
GSGoldman Sachs Group Inc.	1.99%	44,688	$12M	added+6%	+0.34 pp	17 q
METAMeta Platforms, Inc. Class A	1.94%	42,155	$12M	trimmed−1%	−0.22 pp	10 q
CVXChevron Corporation	1.82%	128,037	$11M	trimmed−0%	+0.03 pp	31 q
ZBHZimmer Biomet Holdings, Inc.	1.80%	69,278	$11M	trimmed−6%	−0.15 pp	31 q
STTState Street Corporation	1.73%	140,713	$10M	added+5%	+0.19 pp	31 q
TMOThermo Fisher Scientific, Inc.	1.72%	21,840	$10M	trimmed−9%	−0.34 pp	31 q
VZVerizon Communications	1.70%	171,118	$10M	added+4%	−0.20 pp	29 q
TAT&T Inc.	1.68%	345,536	$10M	added+2%	−0.19 pp	31 q
MRKMerck & Co., Inc.	1.67%	120,937	$10M	added+7%	−0.16 pp	31 q
EBAYeBay Inc	1.59%	187,893	$9M	added+2%	−0.28 pp	10 q
PEPPepsiCo, Inc.	1.58%	63,348	$9M	added+1%	−0.11 pp	31 q
PNCPNC Financial Services Group	1.56%	61,988	$9M	added+1%	+0.24 pp	8 q
KMBKimberly-Clark Corp.	1.39%	61,252	$8M	added+4%	−0.30 pp	31 q
MDLZMondelez International, Inc. Class A	1.38%	140,155	$8M	trimmed−1%	−0.21 pp	19 q
GISGeneral Mills, Inc.	1.37%	138,535	$8M	added+2%	−0.26 pp	31 q
WFCWells Fargo & Co.	1.29%	252,596	$8M	trimmed−18%	−0.13 pp	31 q
COFCapital One Financial	1.27%	76,387	$8M	trimmed−1%	+0.20 pp	31 q
DUKDuke Energy Corporation	1.16%	74,830	$7M	added0%	−0.13 pp	4 q
PNWPinnacle West Capital Corporation	1.11%	82,438	$7M	added+4%	−0.04 pp	2 q
EDConsolidated Edison, Inc.	1.06%	87,240	$6M	added+25%	0.00 pp	2 q
IBMInternational Business Machines Corporation	1.01%	47,697	$6M	added+7%	−0.04 pp	31 q
USBU.S. Bancorp	0.90%	115,032	$5M	added+10%	+0.17 pp	3 q
ETNEaton Corporation, plc	0.80%	39,692	$5M	trimmed−62%	−1.27 pp	28 q
HDHome Depot, Inc.	0.73%	16,327	$4M	trimmed−1%	−0.16 pp	8 q
JNJJohnson & Johnson	0.70%	26,212	$4M	added+10%	+0.01 pp	31 q
UPSUnited Parcel Service, Inc. Class B	0.66%	23,324	$4M	trimmed−3%	−0.12 pp	31 q
JPSTJPMorgan Ultra-Short Income ETF	0.65%	75,924	$4M	added×2.3	+0.32 pp	5 q
SLBSLB Limited	0.52%	139,877	$3M	trimmed−14%	+0.03 pp	31 q
MTBM&T Bank Corp.	0.50%	23,291	$3M	added+3%	+0.10 pp	3 q
LHXL3Harris Technologies, Inc.	0.48%	15,087	$3M	added+84%	+0.21 pp	2 q
FISVFiserv, Inc.	0.42%	22,065	$3M	new	+0.42 pp	new
EFAiShares MSCI EAFE ETF	0.37%	30,315	$2M	added+6%	+0.02 pp	6 q
JMSTJPMorgan Ultra-Short Municipal Income ETF	0.32%	36,976	$2M	new	+0.32 pp	new
ISTBiShares Core 1-5 Year USD Bond ETF of iShares Trust	0.30%	34,133	$2M	added+61%	+0.09 pp	6 q
SUBiShares Short-Term National Muni Bond ETF	0.26%	13,996	$2M	added+64%	+0.08 pp	2 q
CGENCompugen Ltd	0.22%	105,500	$1M	added+6%	−0.09 pp	29 q
IWMiShares Russell 2000 ETF	0.21%	6,214	$1M	trimmed−3%	+0.02 pp	24 q
SHYiShares 1-3 Year Treasury Bond ETF	0.19%	12,910	$1M	added+24%	+0.02 pp	6 q
IGSBiShares Trust iShares 1-5 Year Investment Grade Corporate Bond ETF	0.17%	18,488	$1M	added+99%	+0.07 pp	5 q
VYMVanguard High Dividend Yield ETF	0.15%	9,584	$877,000	added×2.1	+0.08 pp	3 q
AMZNAmazon.Com Inc	0.14%	252	$821,000	added0%	−0.01 pp	9 q
BRK.BBERKSHIRE HATHAWAY Class B	0.11%	2,822	$654,000	added+3%	0.00 pp	31 q
BMYBristol-Myers Squibb Co.	0.11%	10,659	$661,000	added0%	−0.01 pp	14 q
IVViShares Core S&P 500 ETF	0.10%	1,623	$609,000	added+4%	0.00 pp	11 q
VTIVanguard Morningstar Total Stock Market ETF	0.10%	3,151	$613,000	new	+0.10 pp	new
GDGeneral Dynamics Corporation	0.09%	3,698	$550,000	new	+0.09 pp	new
SHViShares Trust iShares 0-1 Year Treasury Bond ETF	0.09%	4,994	$552,000	added+3%	−0.01 pp	6 q
MUNIPIMCO Intermediate Municipal Bond Active Exchange-Traded Fund	0.09%	8,915	$506,000	new	+0.09 pp	new
PGProcter & Gamble Company	0.08%	3,255	$453,000	added+19%	+0.01 pp	31 q
XOMExxon Mobil Corp	0.07%	10,681	$440,000	trimmed−3%	0.00 pp	31 q
SDYState Street SPDR S&P Dividend ETF	0.07%	3,809	$404,000	held	—	11 q
AXPAmerican Express Company	0.06%	2,863	$346,000	held	—	31 q
IEMGiShares Core MSCI Emerging Markets ETF	0.06%	5,516	$342,000	trimmed−0%	0.00 pp	3 q
LBAILakeland Bancorp Inc	0.06%	26,876	$341,000	new	+0.06 pp	new
VIGVanguard Dividend Appreciation ETF	0.06%	2,421	$342,000	added+7%	0.00 pp	3 q
VUGVanguard Morningstar Growth ETF	0.06%	1,298	$329,000	held	—	6 q
AFLAflac Inc.	0.05%	6,201	$276,000	held	—	31 q
BABoeing Company	0.05%	1,325	$284,000	new	+0.05 pp	new
QQQInvesco QQQ Trust, Series 1	0.05%	982	$308,000	added+8%	0.00 pp	3 q
IGIBiShares Trust iShares 5-10 Year Investment Grade Corporate Bond ETF	0.05%	4,664	$288,000	trimmed−2%	−0.01 pp	3 q
GOOGLAlphabet Inc. Class A	0.04%	125	$219,000	new	+0.04 pp	new
CLColgate-Palmolive Company	0.04%	2,650	$227,000	held	—	2 q
IEIiShares 3-7 Year Treasury Bond ETF	0.04%	1,785	$237,000	held	—	5 q
BSVVanguard Short-Term Bond ETF	0.04%	3,182	$264,000	added+5%	−0.01 pp	6 q
WMTWalmart Inc.	0.04%	1,783	$257,000	held	—	3 q
DISThe Walt Disney Company	0.03%	1,140	$207,000	new	+0.03 pp	new
ETEnergy Transfer LP	0.01%	11,544	$71,000	new	+0.01 pp	new
OPKOpko Health Inc.	0.01%	10,000	$40,000	new	+0.01 pp	new
unresolvedCinedigm Corp	0.00%	12,365	$8,000	held	—	13 q
IWBiShares Russell 1000 ETF	—	−4,842	—	exited	−0.18 pp	—
EFGiShares MSCI EAFE Growth ETF	—	−3,446	—	exited	−0.06 pp	—
PSDVEyepoint Pharmaceuticals Inc	—	−39,500	—	exited	0.00 pp	—