Matrix Asset Advisors

Q3 2021 13F · by David Katz, CIO

As of: Sep 30, 2021
Filed: Nov 15, 2021
US stock: $710M · prev $696M
Positions: 81 · prev 81
Options notional: $0
Documents: 1· 1 amendment

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%

Moves70 since the prior filing

+1.0 pp in · −0.9 pp out

New 4 +0.56 pp
Added 55 +0.43 pp
Trimmed 7 −0.05 pp
Exited 4 −0.85 pp

The book

Focused · behaves like 36 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 4.0% a year, about 25.1 years per position

Low
Moderate
High

Top 5 positions23% of US stock

Revealed late, restated

restated 1 row corrected by the filer · US stock +1.40%; later quarters recomputed 13F-HR/A · Nov 15, 2021 ↗

Positions81 in this filing · 4 exited


MSFTMicrosoft Corp	6.38%	160,638	$45M	added0%	+0.14 pp	34 q
JPMJPMorgan Chase & Co.	4.96%	215,223	$35M	added0%	+0.17 pp	34 q
CVSCvs Health Corporation	4.08%	341,432	$29M	added+1%	+0.01 pp	34 q
USBU.S. Bancorp	3.65%	436,578	$26M	added+2%	+0.14 pp	6 q
CSCOCisco Systems, Inc. (DE)	3.64%	475,469	$26M	added0%	+0.03 pp	34 q
ABBVAbbvie Inc.	3.54%	233,107	$25M	added+1%	−0.20 pp	24 q
GILDGilead Sciences Inc	3.46%	351,616	$25M	added0%	0.00 pp	30 q
KELKellanova	3.30%	366,858	$23M	added+1%	−0.06 pp	10 q
CMCSAComcast Corp	3.26%	413,422	$23M	added+1%	−0.09 pp	24 q
TFCTruist Financial Corporation	3.26%	394,440	$23M	added+4%	+0.23 pp	34 q
GOOGAlphabet Inc. Class C	3.21%	8,550	$23M	trimmed−1%	+0.11 pp	22 q
KOCoca-Cola Company	3.01%	407,083	$21M	added+2%	−0.09 pp	7 q
QCOMQualcomm Inc	2.96%	163,125	$21M	added+4%	−0.26 pp	33 q
AAPLApple Inc.	2.51%	125,897	$18M	added+4%	+0.12 pp	33 q
PNWPinnacle West Capital Corporation	2.43%	238,058	$17M	added+2%	−0.33 pp	5 q
PEPPepsiCo, Inc.	2.41%	113,577	$17M	added0%	−0.01 pp	34 q
GSGoldman Sachs Group Inc.	2.24%	42,026	$16M	trimmed−1%	−0.06 pp	20 q
MSMorgan Stanley	2.15%	156,991	$15M	trimmed−1%	+0.07 pp	34 q
METAMeta Platforms, Inc. Class A	2.02%	42,242	$14M	added0%	−0.08 pp	13 q
PARAParamount Global-class B	1.98%	356,394	$14M	added+4%	−0.25 pp	8 q
0VQJLTe Connectivity Ltd	1.88%	97,373	$13M	added0%	−0.01 pp	34 q
MRKMerck & Co., Inc.	1.85%	175,000	$13M	added+1%	−0.08 pp	34 q
VZVerizon Communications	1.81%	238,397	$13M	added+2%	−0.08 pp	32 q
CVXChevron Corporation	1.80%	126,200	$13M	added+1%	−0.08 pp	34 q
PNCPNC Financial Services Group	1.79%	64,880	$13M	added+1%	+0.04 pp	11 q
TMOThermo Fisher Scientific, Inc.	1.77%	22,064	$13M	added0%	+0.17 pp	34 q
EBAYeBay Inc	1.73%	176,606	$12M	trimmed−2%	−0.08 pp	13 q
STTState Street Corporation	1.67%	140,013	$12M	added+2%	+0.04 pp	34 q
WFCWells Fargo & Co.	1.64%	251,164	$12M	added+1%	+0.03 pp	34 q
FDXFedEx Corporation	1.57%	50,709	$11M	added+5%	−0.50 pp	10 q
MTBM&T Bank Corp.	1.56%	74,227	$11M	added+5%	+0.08 pp	6 q
KMBKimberly-Clark Corp.	1.49%	79,981	$11M	added+1%	−0.03 pp	34 q
FISVFiserv, Inc.	1.42%	92,727	$10M	added+12%	+0.14 pp	4 q
ZBHZimmer Biomet Holdings, Inc.	1.38%	66,907	$10M	added+3%	−0.12 pp	34 q
EDConsolidated Edison, Inc.	1.30%	127,232	$9M	added+12%	+0.13 pp	5 q
GISGeneral Mills, Inc.	1.26%	150,191	$9M	added+1%	−0.04 pp	34 q
BNYBank of New York Mellon Corporation	1.25%	171,234	$9M	added×2.8	+0.80 pp	2 q
BDXBecton, Dickinson and Co.	1.13%	32,636	$8M	added+6%	+0.06 pp	3 q
AMGNAmgen Inc	0.94%	31,422	$7M	added+13%	−0.04 pp	3 q
LHXL3Harris Technologies, Inc.	0.74%	23,799	$5M	trimmed−1%	0.00 pp	5 q
GDGeneral Dynamics Corporation	0.60%	21,714	$4M	added+1%	+0.02 pp	4 q
SLBSLB Limited	0.59%	140,642	$4M	added+1%	−0.05 pp	34 q
VYMVanguard High Dividend Yield ETF	0.40%	27,336	$3M	added+13%	+0.03 pp	6 q
MDYState Street SPDR S&P MIDCAP 400 ETF Trust	0.37%	5,448	$3M	added+3%	0.00 pp	3 q
VOOVanguard S&P 500 ETF	0.36%	6,430	$3M	new	+0.36 pp	new
VTIVanguard Morningstar Total Stock Market ETF	0.33%	10,481	$2M	added×3.1	+0.22 pp	4 q
EFAiShares MSCI EAFE ETF	0.24%	21,684	$2M	trimmed−24%	−0.08 pp	9 q
IWMiShares Russell 2000 ETF	0.24%	7,753	$2M	added+4%	−0.01 pp	27 q
VEAVanguard FTSE Developed Markets ETF	0.24%	33,716	$2M	added×2.2	+0.13 pp	3 q
COFCapital One Financial	0.16%	6,850	$1M	held	—	34 q
VXFVanguard Extended Market ETF	0.14%	5,315	$969,000	new	+0.14 pp	new
AMZNAmazon.Com Inc	0.12%	252	$828,000	held	—	12 q
QQQInvesco QQQ Trust, Series 1	0.11%	2,155	$771,000	added×2.1	+0.06 pp	6 q
IVViShares Core S&P 500 ETF	0.11%	1,838	$792,000	added+7%	0.00 pp	14 q
IWFiShares Russell 1000 Growth ETF	0.11%	2,803	$768,000	added+47%	+0.04 pp	3 q
TSLATesla, Inc.	0.11%	1,043	$809,000	held	—	3 q
BRK.BBERKSHIRE HATHAWAY Class B	0.10%	2,704	$738,000	held	—	34 q
VUGVanguard Morningstar Growth ETF	0.10%	2,381	$691,000	added+14%	+0.01 pp	9 q
JNJJohnson & Johnson	0.09%	3,796	$613,000	trimmed−7%	−0.01 pp	34 q
CGENCompugen Ltd	0.09%	105,236	$628,000	held	—	32 q
VIGVanguard Dividend Appreciation ETF	0.08%	3,537	$543,000	added0%	0.00 pp	6 q
AXPAmerican Express Company	0.07%	2,778	$465,000	held	—	34 q
BMYBristol-Myers Squibb Co.	0.07%	8,190	$485,000	added0%	−0.01 pp	17 q
LBAILakeland Bancorp Inc	0.07%	26,876	$474,000	held	—	4 q
SDYState Street SPDR S&P Dividend ETF	0.07%	4,054	$477,000	held	—	14 q
XOMExxon Mobil Corp	0.06%	7,706	$453,000	added0%	−0.01 pp	34 q
unresolvedUnilever Spn.Adr 1:1	0.06%	7,518	$408,000	held	—	3 q
AFLAflac Inc.	0.05%	6,201	$323,000	held	—	34 q
BABoeing Company	0.05%	1,625	$357,000	added+23%	0.00 pp	4 q
IJRiShares Core S&P Small-Cap ETF	0.05%	3,465	$378,000	added+85%	+0.02 pp	2 q
IEMGiShares Core MSCI Emerging Markets ETF	0.05%	5,514	$341,000	added+12%	0.00 pp	6 q
PGProcter & Gamble Company	0.05%	2,765	$387,000	held	—	34 q
GOOGLAlphabet Inc. Class A	0.04%	118	$315,000	added+4%	0.00 pp	4 q
unresolvedLongeveron Inc	0.04%	86,400	$305,000	added×2.5	0.00 pp	3 q
WMTWalmart Inc.	0.04%	1,784	$249,000	added0%	0.00 pp	6 q
CLColgate-Palmolive Company	0.03%	2,650	$200,000	held	—	5 q
DHRDanaher Corporation	0.03%	739	$225,000	new	+0.03 pp	new
IWRiShares Russell Mid-Cap ETF	0.03%	2,782	$218,000	new	+0.03 pp	new
VOVanguard Morningstar Mid-Cap ETF	0.03%	870	$206,000	held	—	2 q
VBVanguard Morningstar Small-Cap ETF	0.03%	1,019	$223,000	held	—	3 q
unresolvedCinedigm Corp	0.00%	12,365	$31,000	held	—	16 q
DUKDuke Energy Corporation	—	−52,978	—	exited	−0.75 pp	—
DISCADiscovery, Inc. Series A	—	−10,000	—	exited	−0.04 pp	—
TAT&T Inc.	—	−7,017	—	exited	−0.03 pp	—
SPYXState Street SPDR S&P 500 Fossil Fuel Reserves Free ETF	—	−1,938	—	exited	−0.03 pp	—