Matrix Asset Advisors

Q1 2023 13F · by David Katz, CIO

As of: Mar 31, 2023
Filed: Apr 13, 2023
US stock: $691M · prev $667M
Positions: 93 · 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%

Moves87 since the prior filing

+7.0 pp in · −7.0 pp out

New 11 +1.80 pp
Added 41 +5.23 pp
Trimmed 29 −1.10 pp
Exited 6 −5.88 pp

The book

Focused · behaves like 37 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 32% a year, about 3.1 years per position

Low
Moderate
High

Top 5 positions22% of US stock

Positions93 in this filing · 6 exited


MSFTMicrosoft Corp	6.52%	156,386	$45M	trimmed−2%	+0.76 pp	40 q
JPMJPMorgan Chase & Co.	4.05%	215,018	$28M	trimmed−2%	−0.35 pp	40 q
CSCOCisco Systems, Inc. (DE)	4.00%	528,437	$28M	trimmed−1%	+0.18 pp	40 q
GILDGilead Sciences Inc	3.87%	322,625	$27M	added+2%	−0.21 pp	36 q
CMCSAComcast Corp	3.74%	682,349	$26M	added+1%	+0.21 pp	30 q
QCOMQualcomm Inc	3.66%	198,159	$25M	added+1%	+0.42 pp	39 q
ABBVAbbvie Inc.	3.64%	158,010	$25M	trimmed−0%	−0.20 pp	30 q
AAPLApple Inc.	3.47%	145,523	$24M	added+6%	+0.80 pp	39 q
BNYBank of New York Mellon Corporation	3.47%	527,478	$24M	added+2%	−0.06 pp	8 q
MSMorgan Stanley	3.34%	263,328	$23M	added+1%	0.00 pp	40 q
CVSCvs Health Corporation	3.21%	298,472	$22M	added+2%	−0.86 pp	40 q
USBU.S. Bancorp	2.90%	557,158	$20M	added+9%	−0.43 pp	12 q
PNCPNC Financial Services Group	2.89%	156,943	$20M	added+100%	+1.03 pp	17 q
GOOGAlphabet Inc. Class C	2.62%	174,444	$18M	added+2%	+0.35 pp	28 q
APDAir Products & Chemicals, Inc.	2.18%	52,386	$15M	trimmed−14%	−0.63 pp	4 q
BKNGBooking Holdings Inc.	2.03%	5,295	$14M	trimmed−3%	+0.38 pp	4 q
PYPLPayPal Holdings, Inc.	1.99%	181,333	$14M	added+5%	+0.14 pp	5 q
GSGoldman Sachs Group Inc.	1.96%	41,500	$14M	trimmed−1%	−0.20 pp	26 q
0VQJLTe Connectivity Ltd	1.92%	101,111	$13M	trimmed−0%	+0.18 pp	40 q
AMZNAmazon.Com Inc	1.91%	127,867	$13M	added×2.1	+1.14 pp	18 q
FDXFedEx Corporation	1.90%	57,563	$13M	trimmed−0%	+0.40 pp	16 q
TMOThermo Fisher Scientific, Inc.	1.85%	22,168	$13M	trimmed−0%	+0.02 pp	40 q
MDTMedtronic plc	1.81%	154,871	$12M	added+6%	+0.12 pp	5 q
AEPAmerican Electric Power Company, Inc.	1.75%	132,998	$12M	added+12%	+0.05 pp	6 q
SBUXStarbucks Corp	1.71%	113,702	$12M	trimmed−3%	−0.03 pp	4 q
MTBM&T Bank Corp.	1.62%	93,406	$11M	added+35%	+0.12 pp	12 q
AMGNAmgen Inc	1.61%	46,091	$11M	added+6%	−0.10 pp	9 q
ZBHZimmer Biomet Holdings, Inc.	1.55%	82,982	$11M	trimmed−11%	−0.24 pp	40 q
HDHome Depot, Inc.	1.54%	36,072	$11M	added+75%	+0.56 pp	3 q
METAMeta Platforms, Inc. Class A	1.51%	49,161	$10M	added+16%	+0.75 pp	19 q
UNPUnion Pacific Corp.	1.50%	51,484	$10M	new	+1.50 pp	new
BDXBecton, Dickinson and Co.	1.47%	41,020	$10M	trimmed−1%	−0.11 pp	9 q
TXNTexas Instruments Incorporated	1.46%	54,153	$10M	added0%	+0.12 pp	5 q
TSNTyson Foods, Inc.	1.44%	168,227	$10M	added×3.6	+1.00 pp	2 q
PARAParamount Global-class B	1.39%	429,424	$10M	trimmed−31%	−0.19 pp	14 q
FISVFiserv, Inc.	1.37%	83,819	$9M	trimmed−5%	+0.03 pp	10 q
WFCWells Fargo & Co.	1.35%	249,755	$9M	added0%	−0.19 pp	40 q
unresolvedUnilever Spn.Adr 1:1	1.12%	149,244	$8M	trimmed−3%	−0.04 pp	9 q
EBAYeBay Inc	0.78%	121,420	$5M	trimmed−25%	−0.23 pp	19 q
GDGeneral Dynamics Corporation	0.75%	22,604	$5M	added+1%	−0.08 pp	10 q
VOOVanguard S&P 500 ETF	0.71%	13,042	$5M	added+4%	+0.05 pp	7 q
LHXL3Harris Technologies, Inc.	0.69%	24,476	$5M	added+6%	−0.03 pp	11 q
VYMVanguard High Dividend Yield ETF	0.59%	38,557	$4M	trimmed−0%	−0.04 pp	12 q
VEAVanguard FTSE Developed Markets ETF	0.55%	83,791	$4M	added+5%	+0.05 pp	9 q
KOCoca-Cola Company	0.43%	47,710	$3M	trimmed−62%	−0.76 pp	13 q
IWFiShares Russell 1000 Growth ETF	0.43%	12,051	$3M	added+5%	+0.06 pp	9 q
TCHPT. Rowe Price Blue Chip Growth ETF	0.43%	24,555	$3M	added+8%	+0.08 pp	2 q
MDYState Street SPDR S&P MIDCAP 400 ETF Trust	0.37%	5,636	$3M	added+1%	0.00 pp	9 q
IWMiShares Russell 2000 ETF	0.28%	10,763	$2M	added+2%	0.00 pp	33 q
IWRiShares Russell Mid-Cap ETF	0.17%	17,261	$1M	added+9%	+0.01 pp	7 q
EFAiShares MSCI EAFE ETF	0.16%	15,441	$1M	trimmed−0%	+0.01 pp	15 q
VWOVanguard FTSE Emerging Markets ETF	0.16%	27,024	$1M	added+2%	+0.01 pp	2 q
BRK.BBERKSHIRE HATHAWAY Class B	0.12%	2,694	$831,826	trimmed−1%	−0.01 pp	40 q
IVViShares Core S&P 500 ETF	0.12%	2,051	$842,950	added+3%	+0.01 pp	20 q
VUGVanguard Morningstar Growth ETF	0.12%	3,216	$802,307	trimmed−0%	+0.02 pp	15 q
IJRiShares Core S&P Small-Cap ETF	0.11%	7,519	$727,053	added+3%	+0.01 pp	8 q
QQQInvesco QQQ Trust, Series 1	0.10%	2,188	$702,073	added+2%	+0.01 pp	12 q
GLDSPDR Gold Trust, SPDR Gold Shares	0.09%	3,566	$653,363	held	—	6 q
AXPAmerican Express Company	0.08%	3,228	$532,459	added+16%	+0.02 pp	40 q
COFCapital One Financial	0.08%	5,505	$529,361	held	—	40 q
JNJJohnson & Johnson	0.08%	3,715	$575,825	held	—	40 q
TSLATesla, Inc.	0.08%	2,561	$531,305	added0%	+0.03 pp	9 q
VIGVanguard Dividend Appreciation ETF	0.08%	3,655	$562,867	added+9%	0.00 pp	12 q
DCGODocGo Inc.	0.07%	55,805	$482,713	held	—	3 q
SDYState Street SPDR S&P Dividend ETF	0.07%	4,170	$515,926	held	—	20 q
AFLAflac Inc.	0.06%	6,201	$400,089	held	—	40 q
DHRDanaher Corporation	0.06%	1,703	$429,224	added×2.2	+0.03 pp	2 q
XOMExxon Mobil Corp	0.06%	3,666	$402,014	trimmed−16%	−0.01 pp	40 q
MRKMerck & Co., Inc.	0.06%	4,025	$428,220	trimmed−4%	−0.01 pp	40 q
BABoeing Company	0.05%	1,611	$342,225	held	—	2 q
BMYBristol-Myers Squibb Co.	0.05%	5,460	$378,433	trimmed−18%	−0.02 pp	23 q
LBAILakeland Bancorp Inc	0.05%	20,876	$326,501	held	—	10 q
PGProcter & Gamble Company	0.05%	2,236	$332,471	trimmed−1%	0.00 pp	40 q
SPYXState Street SPDR S&P 500 Fossil Fuel Reserves Free ETF	0.05%	10,656	$354,205	added+1%	0.00 pp	5 q
GOOGLAlphabet Inc. Class A	0.04%	2,470	$256,213	trimmed−6%	+0.01 pp	10 q
COSTCostco Wholesale Corp	0.04%	556	$276,260	new	+0.04 pp	new
IEMGiShares Core MSCI Emerging Markets ETF	0.04%	5,874	$286,604	added0%	0.00 pp	12 q
ESGDiShares Trust iShares ESG Aware MSCI EAFE ETF	0.04%	3,552	$255,176	added+3%	+0.01 pp	5 q
NKENike, Inc.	0.04%	2,139	$262,327	new	+0.04 pp	new
WMTWalmart Inc.	0.04%	1,815	$267,622	trimmed−4%	0.00 pp	12 q
ACNAccenture PLC	0.04%	859	$245,511	new	+0.04 pp	new
BACBank of America Corporation	0.03%	7,399	$211,611	new	+0.03 pp	new
INTUIntuit Inc	0.03%	450	$200,624	new	+0.03 pp	new
IWDiShares Russell 1000 Value ETF	0.03%	1,553	$236,460	trimmed−25%	−0.02 pp	2 q
MCDMcDonald's Corporation	0.03%	767	$214,461	new	+0.03 pp	new
XLKState Street Technology Select Sector SPDR ETF	0.03%	1,467	$221,532	new	+0.03 pp	new
VBVanguard Morningstar Small-Cap ETF	0.03%	1,076	$204,032	new	+0.03 pp	new
VVISA Inc.	0.03%	1,001	$225,685	new	+0.03 pp	new
SKYXSKYX Platforms Corp.	0.01%	15,000	$51,900	held	—	3 q
CGENCompugen Ltd	0.01%	109,656	$76,979	held	—	38 q
unresolvedCinedigm Corp	0.00%	12,365	$5,193	held	—	22 q
unresolvedEzfill Holdings Inc	0.00%	35,000	$10,150	new	0.00 pp	new
MRKRMarker Therapeutics, Inc.	0.00%	25,000	$17,750	held	—	6 q
TFCTruist Financial Corporation	—	−480,243	—	exited	−3.10 pp	—
KMBKimberly-Clark Corp.	—	−75,683	—	exited	−1.54 pp	—
SLBSLB Limited	—	−99,779	—	exited	−0.80 pp	—
VTIVanguard Morningstar Total Stock Market ETF	—	−10,481	—	exited	−0.30 pp	—
VXFVanguard Extended Market ETF	—	−5,315	—	exited	−0.11 pp	—
CLColgate-Palmolive Company	—	−2,650	—	exited	−0.03 pp	—