Matrix Asset Advisors

Q2 2022 13F · by David Katz, CIO

As of: Jun 30, 2022
Filed: Jul 15, 2022
US stock: $651M · prev $744M
Positions: 85 · prev 88
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%

Moves80 since the prior filing

+10.7 pp in · −10.6 pp out

New 5 +4.40 pp
Added 46 +6.27 pp
Trimmed 21 −5.56 pp
Exited 8 −5.07 pp

The book

Focused · behaves like 36 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 56% a year, about 1.8 years per position

Low
Moderate
High

Top 5 positions23% of US stock

Positions85 in this filing · 8 exited


MSFTMicrosoft Corp	6.35%	161,046	$41M	trimmed0%	−0.33 pp	37 q
CMCSAComcast Corp	4.47%	742,048	$29M	added+24%	+0.69 pp	27 q
CVSCvs Health Corporation	4.26%	298,996	$28M	added0%	+0.19 pp	37 q
JPMJPMorgan Chase & Co.	3.84%	222,179	$25M	added+2%	−0.16 pp	37 q
QCOMQualcomm Inc	3.83%	195,302	$25M	added+8%	+0.11 pp	36 q
TFCTruist Financial Corporation	3.72%	510,158	$24M	added+22%	+0.52 pp	37 q
BNYBank of New York Mellon Corporation	3.62%	565,496	$24M	added×2.1	+1.86 pp	5 q
CSCOCisco Systems, Inc. (DE)	3.62%	552,674	$24M	added+11%	−0.13 pp	37 q
USBU.S. Bancorp	3.61%	510,745	$24M	added+5%	+0.12 pp	9 q
ABBVAbbvie Inc.	3.48%	148,058	$23M	trimmed−17%	−0.42 pp	27 q
GOOGAlphabet Inc. Class C	2.87%	8,540	$19M	added0%	−0.32 pp	25 q
AAPLApple Inc.	2.84%	135,093	$18M	added+6%	−0.16 pp	36 q
PARAParamount Global-class B	2.48%	654,972	$16M	added+45%	+0.18 pp	11 q
MDTMedtronic plc	2.43%	176,215	$16M	added+48%	+0.65 pp	2 q
MSMorgan Stanley	2.20%	188,398	$14M	added+21%	+0.37 pp	37 q
AMGNAmgen Inc	2.18%	58,204	$14M	trimmed−1%	+0.27 pp	6 q
MTBM&T Bank Corp.	2.12%	86,484	$14M	added+5%	+0.24 pp	9 q
FDXFedEx Corporation	2.04%	58,535	$13M	trimmed−2%	+0.17 pp	13 q
GSGoldman Sachs Group Inc.	1.99%	43,556	$13M	added+3%	+0.12 pp	23 q
PNCPNC Financial Services Group	1.88%	77,361	$12M	added+17%	+0.23 pp	14 q
PYPLPayPal Holdings, Inc.	1.88%	175,052	$12M	added×2.3	+0.72 pp	2 q
TMOThermo Fisher Scientific, Inc.	1.88%	22,479	$12M	trimmed−0%	+0.09 pp	37 q
APDAir Products & Chemicals, Inc.	1.82%	49,241	$12M	new	+1.82 pp	new
0VQJLTe Connectivity Ltd	1.80%	103,488	$12M	added+1%	−0.01 pp	37 q
BDXBecton, Dickinson and Co.	1.77%	46,788	$12M	trimmed−2%	+0.06 pp	6 q
KMBKimberly-Clark Corp.	1.74%	83,987	$11M	trimmed−0%	+0.34 pp	37 q
METAMeta Platforms, Inc. Class A	1.68%	67,750	$11M	added+16%	−0.07 pp	16 q
AEPAmerican Electric Power Company, Inc.	1.67%	113,239	$11M	added0%	+0.16 pp	3 q
ZBHZimmer Biomet Holdings, Inc.	1.67%	103,715	$11M	added+14%	+0.11 pp	37 q
GILDGilead Sciences Inc	1.59%	167,009	$10M	trimmed−54%	−1.31 pp	33 q
WFCWells Fargo & Co.	1.52%	252,464	$10M	added0%	−0.12 pp	37 q
SBUXStarbucks Corp	1.36%	115,924	$9M	new	+1.36 pp	new
VZVerizon Communications	1.33%	170,930	$9M	trimmed−40%	−0.61 pp	35 q
KOCoca-Cola Company	1.32%	136,464	$9M	trimmed−60%	−1.53 pp	10 q
EBAYeBay Inc	1.29%	202,115	$8M	added+13%	−0.09 pp	16 q
FISVFiserv, Inc.	1.20%	88,099	$8M	trimmed−28%	−0.48 pp	7 q
BKNGBooking Holdings Inc.	1.13%	4,200	$7M	new	+1.13 pp	new
TXNTexas Instruments Incorporated	1.05%	44,606	$7M	added×2.3	+0.58 pp	2 q
unresolvedUnilever Spn.Adr 1:1	0.90%	128,439	$6M	added0%	+0.12 pp	6 q
LHXL3Harris Technologies, Inc.	0.88%	23,637	$6M	trimmed−0%	+0.09 pp	8 q
GDGeneral Dynamics Corporation	0.76%	22,419	$5M	trimmed−1%	+0.03 pp	7 q
SLBSLB Limited	0.75%	137,067	$5M	trimmed−4%	−0.05 pp	37 q
VOOVanguard S&P 500 ETF	0.53%	9,890	$3M	added+9%	+0.02 pp	4 q
VYMVanguard High Dividend Yield ETF	0.47%	30,201	$3M	added+1%	+0.02 pp	9 q
MDYState Street SPDR S&P MIDCAP 400 ETF Trust	0.37%	5,806	$2M	added0%	−0.01 pp	6 q
VEAVanguard FTSE Developed Markets ETF	0.36%	57,750	$2M	added+7%	+0.01 pp	6 q
IWFiShares Russell 1000 Growth ETF	0.33%	9,861	$2M	added+67%	+0.11 pp	6 q
VTIVanguard Morningstar Total Stock Market ETF	0.30%	10,481	$2M	held	—	7 q
IWMiShares Russell 2000 ETF	0.23%	8,911	$2M	added+19%	+0.02 pp	30 q
VUGVanguard Morningstar Growth ETF	0.21%	6,121	$1M	added×2.5	+0.12 pp	12 q
EFAiShares MSCI EAFE ETF	0.20%	20,460	$1M	trimmed−6%	−0.01 pp	12 q
BRK.BBERKSHIRE HATHAWAY Class B	0.11%	2,706	$739,000	held	—	37 q
IVViShares Core S&P 500 ETF	0.11%	1,871	$710,000	added+3%	0.00 pp	17 q
VXFVanguard Extended Market ETF	0.11%	5,315	$697,000	held	—	4 q
JNJJohnson & Johnson	0.10%	3,831	$680,000	added+1%	+0.01 pp	37 q
AMZNAmazon.Com Inc	0.09%	5,360	$569,000	added+1%	−0.03 pp	15 q
COFCapital One Financial	0.09%	5,505	$574,000	trimmed−13%	−0.02 pp	37 q
QQQInvesco QQQ Trust, Series 1	0.09%	2,162	$606,000	held	—	9 q
GLDSPDR Gold Trust, SPDR Gold Shares	0.09%	3,566	$601,000	held	—	3 q
TSLATesla, Inc.	0.09%	909	$612,000	trimmed−10%	−0.06 pp	6 q
BMYBristol-Myers Squibb Co.	0.08%	6,685	$515,000	trimmed−7%	+0.01 pp	20 q
IWDiShares Russell 1000 Value ETF	0.08%	3,514	$509,000	added×2.7	+0.05 pp	2 q
IJRiShares Core S&P Small-Cap ETF	0.08%	5,453	$504,000	added+6%	+0.01 pp	5 q
SDYState Street SPDR S&P Dividend ETF	0.08%	4,170	$495,000	held	—	17 q
VIGVanguard Dividend Appreciation ETF	0.08%	3,536	$507,000	added+2%	0.00 pp	9 q
IWRiShares Russell Mid-Cap ETF	0.07%	6,681	$432,000	added0%	0.00 pp	4 q
MRKMerck & Co., Inc.	0.07%	4,865	$444,000	trimmed−97%	−1.79 pp	37 q
AXPAmerican Express Company	0.06%	2,778	$385,000	held	—	37 q
XOMExxon Mobil Corp	0.06%	4,631	$397,000	trimmed−18%	0.00 pp	37 q
IEMGiShares Core MSCI Emerging Markets ETF	0.06%	8,604	$422,000	added+52%	+0.02 pp	9 q
LBAILakeland Bancorp Inc	0.06%	26,876	$393,000	held	—	7 q
VBKVanguard Morningstar Small-Cap Growth ETF	0.06%	1,853	$365,000	new	+0.06 pp	new
AFLAflac Inc.	0.05%	6,201	$343,000	held	—	37 q
PGProcter & Gamble Company	0.05%	2,297	$330,000	added+2%	0.00 pp	37 q
SPYXState Street SPDR S&P 500 Fossil Fuel Reserves Free ETF	0.05%	3,656	$337,000	added+15%	0.00 pp	2 q
GOOGLAlphabet Inc. Class A	0.04%	115	$251,000	added+1%	0.00 pp	7 q
VWOVanguard FTSE Emerging Markets ETF	0.04%	5,477	$228,000	added+19%	+0.01 pp	2 q
BABoeing Company	0.03%	1,612	$220,000	held	—	7 q
CLColgate-Palmolive Company	0.03%	2,650	$212,000	held	—	8 q
IBMInternational Business Machines Corporation	0.03%	1,485	$210,000	new	+0.03 pp	new
ESGDiShares Trust iShares ESG Aware MSCI EAFE ETF	0.03%	3,600	$226,000	added+17%	0.00 pp	2 q
WMTWalmart Inc.	0.03%	1,784	$217,000	held	—	9 q
CGENCompugen Ltd	0.03%	96,000	$178,000	trimmed−2%	−0.01 pp	35 q
TPIVDMarker Therapeutics, Inc.	0.01%	250,000	$83,000	added+67%	0.00 pp	3 q
unresolvedCinedigm Corp	0.00%	12,365	$6,000	held	—	19 q
KELKellanova	—	−371,665	—	exited	−3.22 pp	—
STTState Street Corporation	—	−138,856	—	exited	−1.63 pp	—
IWNiShares Russell 2000 Value ETF	—	−2,370	—	exited	−0.05 pp	—
PBCTPeople's United Financial Inc	—	−17,523	—	exited	−0.05 pp	—
TAT&T Inc.	—	−9,107	—	exited	−0.03 pp	—
DHRDanaher Corporation	—	−739	—	exited	−0.03 pp	—
VOVanguard Morningstar Mid-Cap ETF	—	−882	—	exited	−0.03 pp	—
VBVanguard Morningstar Small-Cap ETF	—	−1,038	—	exited	−0.03 pp	—