Matrix Asset Advisors

Q4 2021 13F · by David Katz, CIO

As of: Dec 31, 2021
Filed: Feb 7, 2022
US stock: $769M · prev $710M
Positions: 84 · prev 81
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

+3.0 pp in · −3.0 pp out

New 5 +0.50 pp
Added 37 +2.53 pp
Trimmed 29 −0.58 pp
Exited 2 −2.47 pp

The book

Focused · behaves like 35 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 17% a year, about 5.9 years per position

Low
Moderate
High

Top 5 positions24% of US stock

Positions84 in this filing · 2 exited


MSFTMicrosoft Corp	6.95%	158,833	$53M	trimmed−1%	+0.57 pp	35 q
CVSCvs Health Corporation	4.62%	344,651	$36M	added+1%	+0.54 pp	35 q
JPMJPMorgan Chase & Co.	4.44%	215,682	$34M	added0%	−0.52 pp	35 q
ABBVAbbvie Inc.	4.11%	233,263	$32M	added0%	+0.57 pp	25 q
CSCOCisco Systems, Inc. (DE)	3.97%	481,633	$31M	added+1%	+0.33 pp	35 q
QCOMQualcomm Inc	3.88%	162,931	$30M	trimmed−0%	+0.92 pp	34 q
CMCSAComcast Corp	3.46%	527,747	$27M	added+28%	+0.20 pp	25 q
USBU.S. Bancorp	3.25%	445,240	$25M	added+2%	−0.40 pp	7 q
GOOGAlphabet Inc. Class C	3.19%	8,469	$25M	trimmed−1%	−0.02 pp	23 q
KOCoca-Cola Company	3.18%	412,234	$24M	added+1%	+0.17 pp	8 q
GILDGilead Sciences Inc	3.11%	329,171	$24M	trimmed−6%	−0.35 pp	31 q
TFCTruist Financial Corporation	3.05%	400,045	$23M	added+1%	−0.21 pp	35 q
AAPLApple Inc.	2.90%	125,539	$22M	trimmed−0%	+0.39 pp	34 q
KELKellanova	2.85%	340,234	$22M	trimmed−7%	−0.45 pp	11 q
GSGoldman Sachs Group Inc.	2.06%	41,483	$16M	trimmed−1%	−0.18 pp	21 q
0VQJLTe Connectivity Ltd	2.03%	96,596	$16M	trimmed−1%	+0.15 pp	35 q
FDXFedEx Corporation	2.01%	59,646	$15M	added+18%	+0.44 pp	11 q
MSMorgan Stanley	1.99%	156,047	$15M	trimmed−1%	−0.16 pp	35 q
CVXChevron Corporation	1.90%	124,415	$15M	trimmed−1%	+0.10 pp	35 q
TMOThermo Fisher Scientific, Inc.	1.90%	21,862	$15M	trimmed−1%	+0.13 pp	35 q
METAMeta Platforms, Inc. Class A	1.87%	42,632	$14M	added+1%	−0.15 pp	14 q
PEPPepsiCo, Inc.	1.84%	81,630	$14M	trimmed−28%	−0.57 pp	35 q
PNCPNC Financial Services Group	1.70%	65,254	$13M	added+1%	−0.09 pp	12 q
STTState Street Corporation	1.68%	139,028	$13M	trimmed−1%	+0.01 pp	35 q
FISVFiserv, Inc.	1.64%	121,765	$13M	added+31%	+0.22 pp	5 q
MRKMerck & Co., Inc.	1.64%	164,624	$13M	trimmed−6%	−0.21 pp	35 q
AMGNAmgen Inc	1.58%	53,822	$12M	added+71%	+0.64 pp	4 q
VZVerizon Communications	1.57%	232,602	$12M	trimmed−2%	−0.24 pp	33 q
BDXBecton, Dickinson and Co.	1.56%	47,835	$12M	added+47%	+0.43 pp	4 q
WFCWells Fargo & Co.	1.56%	250,699	$12M	trimmed−0%	−0.08 pp	35 q
EBAYeBay Inc	1.53%	176,346	$12M	trimmed−0%	−0.20 pp	14 q
MTBM&T Bank Corp.	1.52%	75,886	$12M	added+2%	−0.04 pp	7 q
KMBKimberly-Clark Corp.	1.51%	81,199	$12M	added+2%	+0.02 pp	35 q
PARAParamount Global-class B	1.49%	380,351	$11M	added+7%	−0.49 pp	9 q
BNYBank of New York Mellon Corporation	1.39%	184,486	$11M	added+8%	+0.14 pp	3 q
GISGeneral Mills, Inc.	1.32%	150,710	$10M	added0%	+0.06 pp	35 q
ZBHZimmer Biomet Holdings, Inc.	1.28%	77,492	$10M	added+16%	−0.10 pp	35 q
EDConsolidated Edison, Inc.	1.11%	100,141	$9M	trimmed−21%	−0.19 pp	6 q
LHXL3Harris Technologies, Inc.	0.66%	23,628	$5M	trimmed−1%	−0.08 pp	6 q
unresolvedUnilever Spn.Adr 1:1	0.61%	86,515	$5M	added×11.5	+0.55 pp	4 q
GDGeneral Dynamics Corporation	0.60%	21,981	$5M	added+1%	0.00 pp	5 q
SLBSLB Limited	0.56%	144,493	$4M	added+3%	−0.03 pp	35 q
VOOVanguard S&P 500 ETF	0.45%	7,949	$3M	added+24%	+0.09 pp	2 q
VYMVanguard High Dividend Yield ETF	0.43%	29,535	$3M	added+8%	+0.03 pp	7 q
MDYState Street SPDR S&P MIDCAP 400 ETF Trust	0.37%	5,541	$3M	added+2%	0.00 pp	4 q
VEAVanguard FTSE Developed Markets ETF	0.33%	49,517	$3M	added+47%	+0.09 pp	4 q
VTIVanguard Morningstar Total Stock Market ETF	0.33%	10,481	$3M	held	—	5 q
AEPAmerican Electric Power Company, Inc.	0.32%	27,835	$2M	new	+0.32 pp	new
EFAiShares MSCI EAFE ETF	0.22%	21,732	$2M	added0%	−0.02 pp	10 q
IWMiShares Russell 2000 ETF	0.18%	6,185	$1M	trimmed−20%	−0.06 pp	28 q
IWFiShares Russell 1000 Growth ETF	0.14%	3,618	$1M	added+29%	+0.03 pp	4 q
TSLATesla, Inc.	0.14%	994	$1M	trimmed−5%	+0.03 pp	4 q
VXFVanguard Extended Market ETF	0.13%	5,315	$972,000	held	—	2 q
COFCapital One Financial	0.12%	6,355	$922,000	trimmed−7%	−0.04 pp	35 q
AMZNAmazon.Com Inc	0.11%	262	$874,000	added+4%	−0.01 pp	13 q
BRK.BBERKSHIRE HATHAWAY Class B	0.11%	2,704	$808,000	held	—	35 q
QQQInvesco QQQ Trust, Series 1	0.11%	2,141	$852,000	trimmed−1%	0.00 pp	7 q
IVViShares Core S&P 500 ETF	0.11%	1,809	$863,000	trimmed−2%	0.00 pp	15 q
VUGVanguard Morningstar Growth ETF	0.10%	2,381	$764,000	held	—	10 q
JNJJohnson & Johnson	0.08%	3,796	$649,000	held	—	35 q
GLDSPDR Gold Trust, SPDR Gold Shares	0.08%	3,566	$610,000	new	+0.08 pp	new
VIGVanguard Dividend Appreciation ETF	0.08%	3,438	$590,000	trimmed−3%	0.00 pp	7 q
BMYBristol-Myers Squibb Co.	0.07%	8,181	$510,000	trimmed−0%	0.00 pp	18 q
IJRiShares Core S&P Small-Cap ETF	0.07%	4,709	$539,000	added+36%	+0.02 pp	3 q
LBAILakeland Bancorp Inc	0.07%	26,876	$510,000	held	—	5 q
SDYState Street SPDR S&P Dividend ETF	0.07%	4,170	$538,000	added+3%	0.00 pp	15 q
AXPAmerican Express Company	0.06%	2,778	$454,000	held	—	35 q
XOMExxon Mobil Corp	0.06%	7,731	$473,000	added0%	0.00 pp	35 q
IWRiShares Russell Mid-Cap ETF	0.06%	5,408	$449,000	added+94%	+0.03 pp	2 q
AFLAflac Inc.	0.05%	6,201	$362,000	held	—	35 q
IWNiShares Russell 2000 Value ETF	0.05%	2,370	$394,000	new	+0.05 pp	new
PGProcter & Gamble Company	0.05%	2,256	$369,000	trimmed−18%	0.00 pp	35 q
CGENCompugen Ltd	0.05%	98,236	$422,000	trimmed−7%	−0.04 pp	33 q
GOOGLAlphabet Inc. Class A	0.04%	118	$342,000	held	—	5 q
BABoeing Company	0.04%	1,612	$325,000	trimmed−1%	−0.01 pp	5 q
IEMGiShares Core MSCI Emerging Markets ETF	0.04%	5,683	$340,000	added+3%	−0.01 pp	7 q
TAT&T Inc.	0.03%	10,207	$251,000	new	+0.03 pp	new
CLColgate-Palmolive Company	0.03%	2,650	$226,000	held	—	6 q
DHRDanaher Corporation	0.03%	739	$243,000	held	—	2 q
VOVanguard Morningstar Mid-Cap ETF	0.03%	882	$225,000	added+1%	0.00 pp	3 q
VBVanguard Morningstar Small-Cap ETF	0.03%	1,038	$235,000	added+2%	0.00 pp	4 q
WMTWalmart Inc.	0.03%	1,784	$258,000	held	—	7 q
TPIVDMarker Therapeutics, Inc.	0.02%	150,000	$143,000	new	+0.02 pp	new
unresolvedCinedigm Corp	0.00%	12,365	$14,000	held	—	17 q
PNWPinnacle West Capital Corporation	—	−238,058	—	exited	−2.43 pp	—
unresolvedLongeveron Inc	—	−86,400	—	exited	−0.04 pp	—