Matrix Asset Advisors

Q1 2022 13F · by David Katz, CIO

As of: Mar 31, 2022
Filed: Apr 18, 2022
US stock: $744M · prev $769M
Positions: 88 · prev 84
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%

Moves72 since the prior filing

+7.1 pp in · −7.1 pp out

New 8 +3.60 pp
Added 49 +3.52 pp
Trimmed 11 −0.91 pp
Exited 4 −6.17 pp

The book

Focused · behaves like 36 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 35% a year, about 2.8 years per position

Low
Moderate
High

Top 5 positions22% of US stock

Positions88 in this filing · 4 exited


MSFTMicrosoft Corp	6.68%	161,051	$50M	added+1%	−0.27 pp	36 q
CVSCvs Health Corporation	4.07%	298,942	$30M	trimmed−13%	−0.55 pp	36 q
JPMJPMorgan Chase & Co.	4.00%	218,372	$30M	added+1%	−0.44 pp	36 q
ABBVAbbvie Inc.	3.90%	178,882	$29M	trimmed−23%	−0.21 pp	26 q
CMCSAComcast Corp	3.78%	600,383	$28M	added+14%	+0.32 pp	26 q
CSCOCisco Systems, Inc. (DE)	3.75%	499,635	$28M	added+4%	−0.22 pp	36 q
QCOMQualcomm Inc	3.72%	181,218	$28M	added+11%	−0.16 pp	35 q
USBU.S. Bancorp	3.49%	488,308	$26M	added+10%	+0.24 pp	8 q
KELKellanova	3.22%	371,665	$24M	added+9%	+0.37 pp	12 q
TFCTruist Financial Corporation	3.20%	419,232	$24M	added+5%	+0.15 pp	36 q
GOOGAlphabet Inc. Class C	3.19%	8,500	$24M	added0%	0.00 pp	24 q
AAPLApple Inc.	3.00%	127,926	$22M	added+2%	+0.10 pp	35 q
GILDGilead Sciences Inc	2.90%	362,989	$22M	added+10%	−0.21 pp	32 q
KOCoca-Cola Company	2.85%	342,215	$21M	trimmed−17%	−0.33 pp	9 q
PARAParamount Global-class B	2.30%	453,042	$17M	added+19%	+0.81 pp	10 q
VZVerizon Communications	1.94%	283,852	$14M	added+22%	+0.37 pp	34 q
AMGNAmgen Inc	1.91%	58,700	$14M	added+9%	+0.33 pp	5 q
MTBM&T Bank Corp.	1.88%	82,422	$14M	added+9%	+0.36 pp	8 q
FDXFedEx Corporation	1.87%	59,975	$14M	added+1%	−0.14 pp	12 q
GSGoldman Sachs Group Inc.	1.87%	42,095	$14M	added+1%	−0.19 pp	22 q
MRKMerck & Co., Inc.	1.86%	169,043	$14M	added+3%	+0.22 pp	36 q
MSMorgan Stanley	1.83%	156,063	$14M	added0%	−0.16 pp	36 q
0VQJLTe Connectivity Ltd	1.81%	102,755	$13M	added+6%	−0.22 pp	36 q
TMOThermo Fisher Scientific, Inc.	1.79%	22,496	$13M	added+3%	−0.11 pp	36 q
MDTMedtronic plc	1.78%	119,377	$13M	new	+1.78 pp	new
BNYBank of New York Mellon Corporation	1.76%	263,357	$13M	added+43%	+0.37 pp	4 q
METAMeta Platforms, Inc. Class A	1.75%	58,560	$13M	added+37%	−0.12 pp	15 q
BDXBecton, Dickinson and Co.	1.71%	47,866	$13M	added0%	+0.15 pp	5 q
FISVFiserv, Inc.	1.68%	122,914	$12M	added+1%	+0.04 pp	6 q
PNCPNC Financial Services Group	1.65%	66,326	$12M	added+2%	−0.05 pp	13 q
WFCWells Fargo & Co.	1.64%	251,408	$12M	added0%	+0.08 pp	36 q
STTState Street Corporation	1.63%	138,856	$12M	trimmed−0%	−0.05 pp	36 q
ZBHZimmer Biomet Holdings, Inc.	1.56%	90,659	$12M	added+17%	+0.28 pp	36 q
AEPAmerican Electric Power Company, Inc.	1.51%	112,902	$11M	added×4.1	+1.19 pp	2 q
KMBKimberly-Clark Corp.	1.40%	84,397	$10M	added+4%	−0.11 pp	36 q
EBAYeBay Inc	1.38%	178,630	$10M	added+1%	−0.15 pp	15 q
PYPLPayPal Holdings, Inc.	1.16%	74,812	$9M	new	+1.16 pp	new
SLBSLB Limited	0.80%	143,337	$6M	trimmed−1%	+0.24 pp	36 q
LHXL3Harris Technologies, Inc.	0.79%	23,690	$6M	added0%	+0.13 pp	7 q
unresolvedUnilever Spn.Adr 1:1	0.78%	127,942	$6M	added+48%	+0.17 pp	5 q
GDGeneral Dynamics Corporation	0.73%	22,602	$5M	added+3%	+0.13 pp	6 q
VOOVanguard S&P 500 ETF	0.51%	9,070	$4M	added+14%	+0.06 pp	3 q
TXNTexas Instruments Incorporated	0.47%	19,098	$4M	new	+0.47 pp	new
VYMVanguard High Dividend Yield ETF	0.45%	29,909	$3M	added+1%	+0.02 pp	8 q
MDYState Street SPDR S&P MIDCAP 400 ETF Trust	0.38%	5,779	$3M	added+4%	+0.01 pp	5 q
VEAVanguard FTSE Developed Markets ETF	0.35%	54,153	$3M	added+9%	+0.02 pp	5 q
VTIVanguard Morningstar Total Stock Market ETF	0.32%	10,481	$2M	held	—	6 q
IWFiShares Russell 1000 Growth ETF	0.22%	5,910	$2M	added+63%	+0.08 pp	5 q
EFAiShares MSCI EAFE ETF	0.21%	21,689	$2M	trimmed−0%	−0.01 pp	11 q
IWMiShares Russell 2000 ETF	0.21%	7,496	$2M	added+21%	+0.03 pp	29 q
TSLATesla, Inc.	0.15%	1,009	$1M	added+2%	+0.01 pp	5 q
BRK.BBERKSHIRE HATHAWAY Class B	0.13%	2,706	$955,000	added0%	+0.02 pp	36 q
AMZNAmazon.Com Inc	0.12%	265	$864,000	added+1%	+0.01 pp	14 q
VXFVanguard Extended Market ETF	0.12%	5,315	$880,000	held	—	3 q
COFCapital One Financial	0.11%	6,355	$834,000	held	—	36 q
QQQInvesco QQQ Trust, Series 1	0.11%	2,162	$784,000	added+1%	0.00 pp	8 q
IVViShares Core S&P 500 ETF	0.11%	1,825	$828,000	added+1%	0.00 pp	16 q
JNJJohnson & Johnson	0.09%	3,796	$673,000	held	—	36 q
GLDSPDR Gold Trust, SPDR Gold Shares	0.09%	3,566	$644,000	held	—	2 q
VUGVanguard Morningstar Growth ETF	0.09%	2,410	$693,000	added+1%	−0.01 pp	11 q
VIGVanguard Dividend Appreciation ETF	0.08%	3,464	$562,000	added+1%	0.00 pp	8 q
AXPAmerican Express Company	0.07%	2,778	$519,000	held	—	36 q
BMYBristol-Myers Squibb Co.	0.07%	7,184	$525,000	trimmed−12%	0.00 pp	19 q
IWRiShares Russell Mid-Cap ETF	0.07%	6,664	$520,000	added+23%	+0.01 pp	3 q
IJRiShares Core S&P Small-Cap ETF	0.07%	5,166	$557,000	added+10%	0.00 pp	4 q
SDYState Street SPDR S&P Dividend ETF	0.07%	4,170	$534,000	held	—	16 q
XOMExxon Mobil Corp	0.06%	5,656	$467,000	trimmed−27%	0.00 pp	36 q
LBAILakeland Bancorp Inc	0.06%	26,876	$449,000	held	—	6 q
AFLAflac Inc.	0.05%	6,201	$399,000	held	—	36 q
IWNiShares Russell 2000 Value ETF	0.05%	2,370	$383,000	held	—	2 q
PBCTPeople's United Financial Inc	0.05%	17,523	$350,000	new	+0.05 pp	new
PGProcter & Gamble Company	0.05%	2,256	$345,000	held	—	36 q
SPYXState Street SPDR S&P 500 Fossil Fuel Reserves Free ETF	0.05%	3,171	$352,000	new	+0.05 pp	new
GOOGLAlphabet Inc. Class A	0.04%	114	$317,000	trimmed−3%	0.00 pp	6 q
BABoeing Company	0.04%	1,612	$309,000	held	—	6 q
IEMGiShares Core MSCI Emerging Markets ETF	0.04%	5,674	$315,000	trimmed−0%	0.00 pp	8 q
WMTWalmart Inc.	0.04%	1,784	$266,000	held	—	8 q
CGENCompugen Ltd	0.04%	98,236	$316,000	held	—	34 q
TAT&T Inc.	0.03%	9,107	$215,000	trimmed−11%	0.00 pp	2 q
CLColgate-Palmolive Company	0.03%	2,650	$201,000	held	—	7 q
DHRDanaher Corporation	0.03%	739	$217,000	held	—	3 q
IWDiShares Russell 1000 Value ETF	0.03%	1,309	$217,000	new	+0.03 pp	new
ESGDiShares Trust iShares ESG Aware MSCI EAFE ETF	0.03%	3,090	$228,000	new	+0.03 pp	new
VWOVanguard FTSE Emerging Markets ETF	0.03%	4,598	$212,000	new	+0.03 pp	new
VOVanguard Morningstar Mid-Cap ETF	0.03%	882	$210,000	held	—	4 q
VBVanguard Morningstar Small-Cap ETF	0.03%	1,038	$221,000	held	—	5 q
TPIVDMarker Therapeutics, Inc.	0.01%	150,000	$66,000	held	—	2 q
unresolvedCinedigm Corp	0.00%	12,365	$10,000	held	—	18 q
CVXChevron Corporation	—	−124,415	—	exited	−1.90 pp	—
PEPPepsiCo, Inc.	—	−81,630	—	exited	−1.84 pp	—
GISGeneral Mills, Inc.	—	−150,710	—	exited	−1.32 pp	—
EDConsolidated Edison, Inc.	—	−100,141	—	exited	−1.11 pp	—