Matrix Asset Advisors

Q3 2022 13F · by David Katz, CIO

As of: Sep 30, 2022
Filed: Oct 24, 2022
US stock: $610M · prev $651M
Positions: 81 · prev 85
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 · −3.1 pp out

New 3 +0.89 pp
Added 24 +2.15 pp
Trimmed 39 −1.49 pp
Exited 7 −1.60 pp

The book

Focused · behaves like 37 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 16% a year, about 6.4 years per position

Low
Moderate
High

Top 5 positions22% of US stock

Positions81 in this filing · 7 exited


MSFTMicrosoft Corp	6.13%	160,640	$37M	trimmed−0%	−0.22 pp	38 q
CVSCvs Health Corporation	4.57%	292,238	$28M	trimmed−2%	+0.31 pp	38 q
JPMJPMorgan Chase & Co.	3.79%	221,278	$23M	trimmed−0%	−0.05 pp	38 q
ABBVAbbvie Inc.	3.58%	162,704	$22M	added+10%	+0.10 pp	28 q
CMCSAComcast Corp	3.58%	743,929	$22M	added0%	−0.89 pp	28 q
CSCOCisco Systems, Inc. (DE)	3.56%	543,456	$22M	trimmed−2%	−0.06 pp	38 q
QCOMQualcomm Inc	3.48%	188,162	$21M	trimmed−4%	−0.35 pp	37 q
TFCTruist Financial Corporation	3.47%	486,631	$21M	trimmed−5%	−0.25 pp	38 q
USBU.S. Bancorp	3.41%	516,454	$21M	added+1%	−0.20 pp	10 q
BNYBank of New York Mellon Corporation	3.34%	529,379	$20M	trimmed−6%	−0.28 pp	6 q
GILDGilead Sciences Inc	3.32%	328,052	$20M	added+96%	+1.73 pp	34 q
AAPLApple Inc.	3.05%	134,597	$19M	trimmed−0%	+0.21 pp	37 q
MSMorgan Stanley	2.90%	224,258	$18M	added+19%	+0.70 pp	38 q
GOOGAlphabet Inc. Class C	2.68%	170,095	$16M	trimmed−0%	−0.19 pp	26 q
MTBM&T Bank Corp.	2.46%	85,051	$15M	trimmed−2%	+0.34 pp	10 q
APDAir Products & Chemicals, Inc.	2.36%	61,949	$14M	added+26%	+0.54 pp	2 q
AMGNAmgen Inc	2.18%	58,894	$13M	added+1%	0.00 pp	7 q
PYPLPayPal Holdings, Inc.	2.15%	152,478	$13M	trimmed−13%	+0.27 pp	3 q
GSGoldman Sachs Group Inc.	2.07%	43,147	$13M	trimmed−1%	+0.08 pp	24 q
PARAParamount Global-class B	2.07%	663,542	$13M	added+1%	−0.41 pp	12 q
MDTMedtronic plc	1.94%	146,371	$12M	trimmed−17%	−0.49 pp	3 q
TMOThermo Fisher Scientific, Inc.	1.86%	22,350	$11M	trimmed−1%	−0.02 pp	38 q
0VQJLTe Connectivity Ltd	1.86%	102,814	$11M	trimmed−1%	+0.06 pp	38 q
PNCPNC Financial Services Group	1.85%	75,707	$11M	trimmed−2%	−0.03 pp	15 q
ZBHZimmer Biomet Holdings, Inc.	1.77%	103,452	$11M	trimmed−0%	+0.10 pp	38 q
WFCWells Fargo & Co.	1.66%	251,365	$10M	trimmed−0%	+0.14 pp	38 q
SBUXStarbucks Corp	1.62%	117,516	$10M	added+1%	+0.26 pp	2 q
BDXBecton, Dickinson and Co.	1.56%	42,832	$10M	trimmed−8%	−0.21 pp	7 q
METAMeta Platforms, Inc. Class A	1.53%	68,744	$9M	added+1%	−0.15 pp	17 q
KMBKimberly-Clark Corp.	1.49%	80,757	$9M	trimmed−4%	−0.25 pp	38 q
AEPAmerican Electric Power Company, Inc.	1.48%	104,229	$9M	trimmed−8%	−0.19 pp	4 q
BKNGBooking Holdings Inc.	1.48%	5,486	$9M	added+31%	+0.35 pp	2 q
FDXFedEx Corporation	1.45%	59,568	$9M	added+2%	−0.59 pp	14 q
FISVFiserv, Inc.	1.39%	90,853	$9M	added+3%	+0.19 pp	8 q
TXNTexas Instruments Incorporated	1.29%	51,013	$8M	added+14%	+0.24 pp	3 q
KOCoca-Cola Company	1.22%	133,117	$7M	trimmed−2%	−0.10 pp	11 q
EBAYeBay Inc	1.21%	201,347	$7M	trimmed−0%	−0.08 pp	17 q
unresolvedUnilever Spn.Adr 1:1	1.11%	154,616	$7M	added+20%	+0.21 pp	7 q
SLBSLB Limited	0.80%	135,925	$5M	trimmed−1%	+0.05 pp	38 q
GDGeneral Dynamics Corporation	0.79%	22,755	$5M	added+2%	+0.03 pp	8 q
HDHome Depot, Inc.	0.79%	17,451	$5M	new	+0.79 pp	new
LHXL3Harris Technologies, Inc.	0.79%	23,318	$5M	trimmed−1%	−0.09 pp	9 q
VOOVanguard S&P 500 ETF	0.54%	10,048	$3M	added+2%	+0.01 pp	5 q
VYMVanguard High Dividend Yield ETF	0.50%	32,200	$3M	added+7%	+0.03 pp	10 q
MDYState Street SPDR S&P MIDCAP 400 ETF Trust	0.38%	5,765	$2M	trimmed−1%	+0.01 pp	7 q
VEAVanguard FTSE Developed Markets ETF	0.33%	56,061	$2M	trimmed−3%	−0.03 pp	7 q
VTIVanguard Morningstar Total Stock Market ETF	0.31%	10,481	$2M	held	—	8 q
IWFiShares Russell 1000 Growth ETF	0.29%	8,319	$2M	trimmed−16%	−0.04 pp	7 q
IWMiShares Russell 2000 ETF	0.24%	8,888	$1M	trimmed−0%	+0.01 pp	31 q
EFAiShares MSCI EAFE ETF	0.19%	20,600	$1M	added+1%	−0.01 pp	13 q
BRK.BBERKSHIRE HATHAWAY Class B	0.12%	2,728	$728,000	added+1%	+0.01 pp	38 q
TSLATesla, Inc.	0.12%	2,727	$723,000	held	—	7 q
IVViShares Core S&P 500 ETF	0.11%	1,907	$684,000	added+2%	0.00 pp	18 q
VXFVanguard Extended Market ETF	0.11%	5,315	$676,000	held	—	5 q
VUGVanguard Morningstar Growth ETF	0.11%	3,222	$689,000	trimmed−47%	−0.10 pp	13 q
AMZNAmazon.Com Inc	0.10%	5,360	$606,000	held	—	16 q
JNJJohnson & Johnson	0.10%	3,715	$607,000	trimmed−3%	0.00 pp	38 q
DCGODocGo Inc.	0.09%	55,805	$554,000	new	+0.09 pp	new
QQQInvesco QQQ Trust, Series 1	0.09%	2,133	$570,000	trimmed−1%	0.00 pp	10 q
GLDSPDR Gold Trust, SPDR Gold Shares	0.09%	3,566	$552,000	held	—	4 q
BMYBristol-Myers Squibb Co.	0.08%	6,650	$473,000	trimmed−1%	0.00 pp	21 q
COFCapital One Financial	0.08%	5,505	$507,000	held	—	38 q
SDYState Street SPDR S&P Dividend ETF	0.08%	4,170	$465,000	held	—	18 q
VIGVanguard Dividend Appreciation ETF	0.08%	3,477	$470,000	trimmed−2%	0.00 pp	10 q
XOMExxon Mobil Corp	0.07%	4,636	$405,000	added0%	+0.01 pp	38 q
IJRiShares Core S&P Small-Cap ETF	0.07%	5,162	$450,000	trimmed−5%	−0.01 pp	6 q
LBAILakeland Bancorp Inc	0.07%	26,876	$430,000	held	—	8 q
MRKMerck & Co., Inc.	0.07%	4,865	$419,000	held	—	38 q
AFLAflac Inc.	0.06%	6,201	$348,000	held	—	38 q
AXPAmerican Express Company	0.06%	2,778	$375,000	held	—	38 q
IWRiShares Russell Mid-Cap ETF	0.06%	6,071	$377,000	trimmed−9%	−0.01 pp	5 q
PGProcter & Gamble Company	0.05%	2,256	$285,000	trimmed−2%	0.00 pp	38 q
SPYXState Street SPDR S&P 500 Fossil Fuel Reserves Free ETF	0.05%	3,521	$307,000	trimmed−4%	0.00 pp	3 q
GOOGLAlphabet Inc. Class A	0.04%	2,300	$220,000	held	—	8 q
IEMGiShares Core MSCI Emerging Markets ETF	0.04%	5,832	$251,000	trimmed−32%	−0.02 pp	10 q
WMTWalmart Inc.	0.04%	1,784	$231,000	held	—	10 q
ESGDiShares Trust iShares ESG Aware MSCI EAFE ETF	0.03%	3,600	$202,000	held	—	3 q
TPIVDMarker Therapeutics, Inc.	0.02%	400,000	$148,000	added+60%	+0.01 pp	4 q
SKYXSKYX Platforms Corp.	0.01%	15,000	$55,000	new	+0.01 pp	new
CGENCompugen Ltd	0.01%	114,000	$75,000	added+19%	−0.02 pp	36 q
unresolvedCinedigm Corp	0.00%	12,365	$5,000	held	—	20 q
VZVerizon Communications	—	−170,930	—	exited	−1.33 pp	—
IWDiShares Russell 1000 Value ETF	—	−3,514	—	exited	−0.08 pp	—
VBKVanguard Morningstar Small-Cap Growth ETF	—	−1,853	—	exited	−0.06 pp	—
VWOVanguard FTSE Emerging Markets ETF	—	−5,477	—	exited	−0.04 pp	—
BABoeing Company	—	−1,612	—	exited	−0.03 pp	—
CLColgate-Palmolive Company	—	−2,650	—	exited	−0.03 pp	—
IBMInternational Business Machines Corporation	—	−1,485	—	exited	−0.03 pp	—