Matrix Asset Advisors

Q2 2023 13F · by David Katz, CIO

As of: Jun 30, 2023
Filed: Jul 18, 2023
US stock: $726M · prev $691M
Positions: 96 · prev 93
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%

Moves84 since the prior filing

+1.1 pp in · −1.1 pp out

New 6 +1.53 pp
Added 50 −0.43 pp
Trimmed 25 −0.69 pp
Exited 3 −0.43 pp

The book

Focused · behaves like 37 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 7.6% a year, about 13.2 years per position

Low
Moderate
High

Top 5 positions23% of US stock

MSFT Microsoft Corp trimmed+0.48 pp trimmed+0.487.0%
JPM JPMorgan Chase & Co. added+0.26 pp added+0.264.3%
CMCSA Comcast Corp added+0.17 pp added+0.173.9%
AAPL Apple Inc. trimmed+0.35 pp trimmed+0.353.8%
CSCO Cisco Systems, Inc. (DE) added−0.21 pp added−0.213.8%

Positions96 in this filing · 3 exited


MSFTMicrosoft Corp	7.00%	149,151	$51M	trimmed−5%	+0.48 pp	41 q
JPMJPMorgan Chase & Co.	4.31%	215,166	$31M	added0%	+0.26 pp	41 q
CMCSAComcast Corp	3.91%	683,450	$28M	added0%	+0.17 pp	31 q
AAPLApple Inc.	3.82%	143,088	$28M	trimmed−2%	+0.35 pp	40 q
CSCOCisco Systems, Inc. (DE)	3.79%	531,311	$27M	added+1%	−0.21 pp	41 q
QCOMQualcomm Inc	3.33%	203,024	$24M	added+2%	−0.33 pp	40 q
BNYBank of New York Mellon Corporation	3.29%	536,197	$24M	added+2%	−0.18 pp	9 q
GILDGilead Sciences Inc	3.19%	300,731	$23M	trimmed−7%	−0.68 pp	37 q
MSMorgan Stanley	3.19%	270,714	$23M	added+3%	−0.15 pp	41 q
ABBVAbbvie Inc.	2.99%	160,982	$22M	added+2%	−0.65 pp	31 q
PNCPNC Financial Services Group	2.91%	167,835	$21M	added+7%	+0.02 pp	18 q
CVSCvs Health Corporation	2.90%	304,701	$21M	added+2%	−0.31 pp	41 q
GOOGAlphabet Inc. Class C	2.89%	173,122	$21M	trimmed−1%	+0.27 pp	29 q
USBU.S. Bancorp	2.53%	555,973	$18M	trimmed−0%	−0.37 pp	13 q
AMZNAmazon.Com Inc	2.32%	129,208	$17M	added+1%	+0.41 pp	19 q
APDAir Products & Chemicals, Inc.	2.28%	55,179	$17M	added+5%	+0.10 pp	5 q
METAMeta Platforms, Inc. Class A	1.94%	49,013	$14M	trimmed−0%	+0.43 pp	20 q
0VQJLTe Connectivity Ltd	1.94%	100,581	$14M	trimmed−1%	+0.02 pp	41 q
FDXFedEx Corporation	1.93%	56,521	$14M	trimmed−2%	+0.03 pp	17 q
BKNGBooking Holdings Inc.	1.92%	5,173	$14M	trimmed−2%	−0.11 pp	5 q
MDTMedtronic plc	1.91%	157,644	$14M	added+2%	+0.10 pp	6 q
GSGoldman Sachs Group Inc.	1.86%	41,769	$13M	added+1%	−0.10 pp	27 q
HDHome Depot, Inc.	1.81%	42,300	$13M	added+17%	+0.27 pp	4 q
PYPLPayPal Holdings, Inc.	1.76%	191,278	$13M	added+5%	−0.23 pp	6 q
UNPUnion Pacific Corp.	1.65%	58,688	$12M	added+14%	+0.15 pp	2 q
AEPAmerican Electric Power Company, Inc.	1.61%	138,699	$12M	added+4%	−0.14 pp	7 q
MTBM&T Bank Corp.	1.60%	93,768	$12M	added0%	−0.02 pp	13 q
TMOThermo Fisher Scientific, Inc.	1.60%	22,195	$12M	added0%	−0.25 pp	41 q
TXNTexas Instruments Incorporated	1.48%	59,751	$11M	added+10%	+0.02 pp	6 q
AMGNAmgen Inc	1.47%	48,150	$11M	added+4%	−0.14 pp	10 q
WFCWells Fargo & Co.	1.47%	250,410	$11M	added0%	+0.12 pp	41 q
SBUXStarbucks Corp	1.46%	106,897	$11M	trimmed−6%	−0.25 pp	5 q
BDXBecton, Dickinson and Co.	1.43%	39,224	$10M	trimmed−4%	−0.04 pp	10 q
FISVFiserv, Inc.	1.43%	82,203	$10M	trimmed−2%	+0.06 pp	11 q
TSNTyson Foods, Inc.	1.27%	180,938	$9M	added+8%	−0.17 pp	3 q
ZBHZimmer Biomet Holdings, Inc.	1.22%	60,785	$9M	trimmed−27%	−0.33 pp	41 q
GDGeneral Dynamics Corporation	1.10%	37,066	$8M	added+64%	+0.35 pp	11 q
unresolvedUnilever Spn.Adr 1:1	1.09%	152,125	$8M	added+2%	−0.03 pp	10 q
LHXL3Harris Technologies, Inc.	0.98%	36,350	$7M	added+49%	+0.29 pp	12 q
PARAParamount Global-class B	0.92%	417,804	$7M	trimmed−3%	−0.47 pp	15 q
VOOVanguard S&P 500 ETF	0.84%	14,920	$6M	added+14%	+0.13 pp	8 q
EBAYeBay Inc	0.75%	121,351	$5M	trimmed−0%	−0.03 pp	20 q
VEAVanguard FTSE Developed Markets ETF	0.64%	99,841	$5M	added+19%	+0.09 pp	10 q
VYMVanguard High Dividend Yield ETF	0.62%	42,624	$5M	added+11%	+0.03 pp	13 q
PFEPfizer Inc.	0.57%	113,474	$4M	new	+0.57 pp	new
IWFiShares Russell 1000 Growth ETF	0.51%	13,451	$4M	added+12%	+0.08 pp	10 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.47%	7,058	$3M	new	+0.47 pp	new
MDYState Street SPDR S&P MIDCAP 400 ETF Trust	0.37%	5,630	$3M	trimmed−0%	0.00 pp	10 q
VTIVanguard Morningstar Total Stock Market ETF	0.32%	10,481	$2M	new	+0.32 pp	new
IWMiShares Russell 2000 ETF	0.28%	10,861	$2M	added+1%	0.00 pp	34 q
IWRiShares Russell Mid-Cap ETF	0.22%	22,123	$2M	added+28%	+0.05 pp	8 q
VWOVanguard FTSE Emerging Markets ETF	0.17%	30,412	$1M	added+13%	+0.01 pp	3 q
EFAiShares MSCI EAFE ETF	0.15%	15,449	$1M	added0%	−0.01 pp	16 q
BRK.BBERKSHIRE HATHAWAY Class B	0.13%	2,684	$915,244	trimmed−0%	+0.01 pp	41 q
IVViShares Core S&P 500 ETF	0.13%	2,062	$919,001	added+1%	+0.01 pp	21 q
IJRiShares Core S&P Small-Cap ETF	0.13%	9,342	$930,931	added+24%	+0.02 pp	9 q
TCHPT. Rowe Price Blue Chip Growth ETF	0.13%	33,542	$935,151	added+37%	−0.30 pp	3 q
VUGVanguard Morningstar Growth ETF	0.13%	3,217	$910,146	added0%	+0.01 pp	16 q
QQQInvesco QQQ Trust, Series 1	0.11%	2,188	$808,447	held	—	13 q
VXFVanguard Extended Market ETF	0.11%	5,315	$791,031	new	+0.11 pp	new
TSLATesla, Inc.	0.10%	2,648	$693,167	added+3%	+0.02 pp	10 q
GLDSPDR Gold Trust, SPDR Gold Shares	0.09%	3,566	$635,711	held	—	7 q
AXPAmerican Express Company	0.08%	3,228	$562,318	held	—	41 q
JNJJohnson & Johnson	0.08%	3,716	$615,072	added0%	0.00 pp	41 q
VIGVanguard Dividend Appreciation ETF	0.08%	3,655	$593,640	held	—	13 q
DCGODocGo Inc.	0.07%	55,805	$522,893	held	—	4 q
XOMExxon Mobil Corp	0.07%	4,505	$483,161	added+23%	+0.01 pp	41 q
SDYState Street SPDR S&P Dividend ETF	0.07%	4,170	$511,213	held	—	21 q
AFLAflac Inc.	0.06%	6,201	$432,830	held	—	41 q
DHRDanaher Corporation	0.06%	1,703	$408,720	held	—	3 q
MRKMerck & Co., Inc.	0.06%	3,845	$443,675	trimmed−4%	0.00 pp	41 q
PGProcter & Gamble Company	0.06%	2,746	$416,678	added+23%	+0.01 pp	41 q
BMYBristol-Myers Squibb Co.	0.05%	5,440	$347,888	trimmed−0%	0.00 pp	24 q
IWDiShares Russell 1000 Value ETF	0.05%	2,426	$382,896	added+56%	+0.02 pp	3 q
MCDMcDonald's Corporation	0.05%	1,326	$395,692	added+73%	+0.02 pp	2 q
SPYXState Street SPDR S&P 500 Fossil Fuel Reserves Free ETF	0.05%	10,866	$393,023	added+2%	0.00 pp	6 q
GOOGLAlphabet Inc. Class A	0.04%	2,305	$275,909	trimmed−7%	0.00 pp	11 q
BABoeing Company	0.04%	1,536	$324,342	trimmed−5%	−0.01 pp	3 q
COFCapital One Financial	0.04%	2,414	$264,019	trimmed−56%	−0.04 pp	41 q
COSTCostco Wholesale Corp	0.04%	556	$299,339	held	—	2 q
IEMGiShares Core MSCI Emerging Markets ETF	0.04%	5,999	$295,705	added+2%	0.00 pp	13 q
ESGDiShares Trust iShares ESG Aware MSCI EAFE ETF	0.04%	3,588	$261,673	added+1%	0.00 pp	6 q
LBAILakeland Bancorp Inc	0.04%	20,876	$279,530	held	—	11 q
XLKState Street Technology Select Sector SPDR ETF	0.04%	1,467	$255,053	held	—	2 q
WMTWalmart Inc.	0.04%	1,715	$269,564	trimmed−6%	0.00 pp	13 q
BACBank of America Corporation	0.03%	7,400	$212,306	added0%	0.00 pp	2 q
CLColgate-Palmolive Company	0.03%	2,650	$204,156	new	+0.03 pp	new
INTUIntuit Inc	0.03%	450	$206,186	held	—	2 q
NKENike, Inc.	0.03%	2,139	$236,081	held	—	2 q
NVDANvidia Corp	0.03%	573	$242,390	new	+0.03 pp	new
VBVanguard Morningstar Small-Cap ETF	0.03%	1,077	$214,148	added0%	0.00 pp	2 q
VVISA Inc.	0.03%	982	$233,205	trimmed−2%	0.00 pp	2 q
ACNAccenture PLC	0.03%	815	$251,493	trimmed−5%	−0.01 pp	2 q
MRKRMarker Therapeutics, Inc.	0.02%	40,000	$124,000	added+60%	+0.02 pp	7 q
CGENCompugen Ltd	0.02%	109,656	$125,008	held	—	39 q
SKYXSKYX Platforms Corp.	0.01%	15,000	$39,900	held	—	4 q
KOCoca-Cola Company	—	−47,710	—	exited	−0.43 pp	—
unresolvedCinedigm Corp	—	−12,365	—	exited	0.00 pp	—
unresolvedEzfill Holdings Inc	—	−35,000	—	exited	0.00 pp	—