Matrix Asset Advisors

Q4 2023 13F · by David Katz, CIO

As of: Dec 31, 2023
Filed: Jan 24, 2024
US stock: $786M · prev $702M
Positions: 99 · 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%

Moves83 since the prior filing

+1.0 pp in · −1.0 pp out

New 7 +0.36 pp
Added 40 +0.63 pp
Trimmed 35 −0.42 pp
Exited 1 −0.62 pp

The book

Focused · behaves like 37 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 11% a year, about 9.2 years per position

Low
Moderate
High

Top 5 positions22% of US stock

Positions99 in this filing · 1 exited


MSFTMicrosoft Corp	6.94%	144,966	$55M	trimmed−2%	+0.31 pp	43 q
JPMJPMorgan Chase & Co.	4.51%	208,218	$35M	trimmed−2%	+0.11 pp	43 q
QCOMQualcomm Inc	3.74%	203,112	$29M	trimmed−1%	+0.48 pp	42 q
MSMorgan Stanley	3.64%	306,408	$29M	added+13%	+0.47 pp	43 q
BNYBank of New York Mellon Corporation	3.55%	536,672	$28M	trimmed−0%	+0.27 pp	11 q
CMCSAComcast Corp	3.55%	635,504	$28M	added0%	−0.45 pp	33 q
PNCPNC Financial Services Group	3.42%	173,648	$27M	added+4%	+0.50 pp	20 q
AAPLApple Inc.	3.40%	138,860	$27M	trimmed−1%	−0.01 pp	42 q
ABBVAbbvie Inc.	3.24%	164,427	$25M	added+2%	−0.19 pp	33 q
CSCOCisco Systems, Inc. (DE)	3.20%	498,100	$25M	added+1%	−0.59 pp	43 q
USBU.S. Bancorp	3.18%	577,371	$25M	trimmed−7%	+0.27 pp	15 q
GILDGilead Sciences Inc	3.07%	297,345	$24M	trimmed−2%	−0.17 pp	39 q
GOOGAlphabet Inc. Class C	3.04%	169,676	$24M	trimmed−1%	−0.19 pp	31 q
CVSCvs Health Corporation	2.93%	291,154	$23M	trimmed−5%	−0.12 pp	43 q
AMZNAmazon.Com Inc	2.46%	126,985	$19M	trimmed−1%	+0.13 pp	21 q
METAMeta Platforms, Inc. Class A	2.15%	47,753	$17M	trimmed−2%	+0.07 pp	22 q
APDAir Products & Chemicals, Inc.	2.13%	61,099	$17M	added+10%	−0.11 pp	7 q
GSGoldman Sachs Group Inc.	2.06%	42,022	$16M	trimmed−1%	+0.10 pp	29 q
HDHome Depot, Inc.	1.91%	43,303	$15M	added+2%	+0.09 pp	6 q
UNPUnion Pacific Corp.	1.84%	58,909	$14M	trimmed−0%	+0.13 pp	4 q
MDTMedtronic plc	1.77%	168,909	$14M	added+1%	−0.10 pp	8 q
0VQJLTe Connectivity Ltd	1.76%	98,672	$14M	trimmed−1%	0.00 pp	43 q
AEPAmerican Electric Power Company, Inc.	1.69%	163,418	$13M	trimmed−24%	−0.61 pp	9 q
LHXL3Harris Technologies, Inc.	1.68%	62,633	$13M	added+7%	+0.22 pp	14 q
TXNTexas Instruments Incorporated	1.63%	75,195	$13M	added+5%	+0.01 pp	8 q
MTBM&T Bank Corp.	1.61%	92,537	$13M	added+16%	+0.17 pp	15 q
ZBHZimmer Biomet Holdings, Inc.	1.58%	102,172	$12M	added+27%	+0.29 pp	43 q
AMGNAmgen Inc	1.55%	42,160	$12M	added0%	−0.06 pp	12 q
PYPLPayPal Holdings, Inc.	1.54%	197,519	$12M	added+30%	+0.28 pp	8 q
WFCWells Fargo & Co.	1.54%	245,111	$12M	trimmed−2%	+0.08 pp	43 q
TMOThermo Fisher Scientific, Inc.	1.48%	21,967	$12M	trimmed−1%	−0.12 pp	43 q
NEENextEra Energy, Inc.	1.45%	187,888	$11M	added+20%	+0.17 pp	2 q
SBUXStarbucks Corp	1.33%	109,263	$10M	added+2%	−0.07 pp	7 q
FISVFiserv, Inc.	1.28%	75,549	$10M	trimmed−7%	−0.03 pp	13 q
FDXFedEx Corporation	1.27%	39,303	$10M	trimmed−4%	−0.28 pp	19 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	1.26%	18,848	$10M	trimmed−1%	−0.10 pp	3 q
GDGeneral Dynamics Corporation	1.20%	36,183	$9M	trimmed−2%	+0.03 pp	13 q
BDXBecton, Dickinson and Co.	0.87%	28,064	$7M	trimmed−3%	−0.20 pp	12 q
VOOVanguard S&P 500 ETF	0.81%	14,566	$6M	added+9%	+0.06 pp	10 q
VYMVanguard High Dividend Yield ETF	0.77%	54,268	$6M	added+4%	0.00 pp	15 q
PFEPfizer Inc.	0.76%	208,540	$6M	added+7%	−0.16 pp	3 q
VEAVanguard FTSE Developed Markets ETF	0.74%	122,126	$6M	added+3%	0.00 pp	12 q
PARAParamount Global-class B	0.66%	348,529	$5M	trimmed−38%	−0.37 pp	17 q
EBAYeBay Inc	0.60%	108,362	$5M	trimmed−11%	−0.16 pp	22 q
IWFiShares Russell 1000 Growth ETF	0.59%	15,303	$5M	added+1%	+0.02 pp	12 q
RTXRTX Corporation	0.59%	55,032	$5M	added+8%	+0.07 pp	2 q
MDYState Street SPDR S&P MIDCAP 400 ETF Trust	0.35%	5,499	$3M	trimmed−0%	−0.01 pp	12 q
IWRiShares Russell Mid-Cap ETF	0.30%	30,734	$2M	added+6%	+0.01 pp	10 q
IWMiShares Russell 2000 ETF	0.27%	10,650	$2M	added0%	0.00 pp	36 q
IJRiShares Core S&P Small-Cap ETF	0.22%	15,684	$2M	added+11%	+0.03 pp	11 q
TCHPT. Rowe Price Blue Chip Growth ETF	0.19%	47,907	$1M	added+4%	+0.01 pp	5 q
DUKDuke Energy Corporation	0.18%	14,850	$1M	new	+0.18 pp	new
VWOVanguard FTSE Emerging Markets ETF	0.17%	33,214	$1M	added+3%	−0.01 pp	5 q
EFAiShares MSCI EAFE ETF	0.14%	15,040	$1M	trimmed−1%	−0.01 pp	18 q
IVViShares Core S&P 500 ETF	0.13%	2,101	$1M	added+1%	0.00 pp	23 q
BRK.BBERKSHIRE HATHAWAY Class B	0.12%	2,744	$978,675	added+1%	−0.02 pp	43 q
VUGVanguard Morningstar Growth ETF	0.12%	3,049	$947,784	added0%	0.00 pp	18 q
GLDSPDR Gold Trust, SPDR Gold Shares	0.10%	3,966	$758,180	held	—	9 q
VTIVanguard Morningstar Total Stock Market ETF	0.10%	3,417	$810,597	held	—	3 q
AXPAmerican Express Company	0.08%	3,228	$604,734	held	—	43 q
IWDiShares Russell 1000 Value ETF	0.08%	3,587	$592,752	added+16%	+0.01 pp	5 q
VIGVanguard Dividend Appreciation ETF	0.08%	3,588	$611,313	trimmed−2%	0.00 pp	15 q
AFLAflac Inc.	0.07%	6,201	$511,583	held	—	43 q
JNJJohnson & Johnson	0.07%	3,410	$534,483	trimmed−0%	−0.01 pp	43 q
XOMExxon Mobil Corp	0.06%	4,533	$453,209	added0%	−0.02 pp	43 q
QQQInvesco QQQ Trust, Series 1	0.06%	1,074	$439,817	trimmed−1%	0.00 pp	15 q
SDYState Street SPDR S&P Dividend ETF	0.06%	3,845	$480,510	held	—	23 q
COSTCostco Wholesale Corp	0.05%	547	$361,064	trimmed−2%	+0.01 pp	4 q
DHRDanaher Corporation	0.05%	1,703	$393,972	held	—	5 q
MRKMerck & Co., Inc.	0.05%	3,287	$358,349	added+1%	0.00 pp	43 q
NVDANvidia Corp	0.05%	760	$376,367	added+33%	+0.01 pp	3 q
SPYXState Street SPDR S&P 500 Fossil Fuel Reserves Free ETF	0.05%	10,611	$411,813	trimmed−1%	0.00 pp	8 q
GOOGLAlphabet Inc. Class A	0.04%	2,465	$344,336	trimmed−2%	−0.01 pp	13 q
BABoeing Company	0.04%	1,136	$296,110	held	—	5 q
BMYBristol-Myers Squibb Co.	0.04%	5,440	$279,126	held	—	26 q
COFCapital One Financial	0.04%	2,414	$316,524	held	—	43 q
INTUIntuit Inc	0.04%	450	$281,264	held	—	4 q
IEMGiShares Core MSCI Emerging Markets ETF	0.04%	5,916	$299,231	trimmed−1%	0.00 pp	15 q
LBAILakeland Bancorp Inc	0.04%	20,876	$308,756	held	—	13 q
MCDMcDonald's Corporation	0.04%	1,133	$335,946	added0%	0.00 pp	4 q
PGProcter & Gamble Company	0.04%	2,344	$343,490	added+3%	−0.01 pp	43 q
ACNAccenture PLC	0.04%	815	$285,992	held	—	4 q
BACBank of America Corporation	0.03%	7,401	$249,192	added0%	0.00 pp	4 q
CLColgate-Palmolive Company	0.03%	2,650	$211,232	new	+0.03 pp	new
IBMInternational Business Machines Corporation	0.03%	1,455	$237,965	new	+0.03 pp	new
ESGDiShares Trust iShares ESG Aware MSCI EAFE ETF	0.03%	3,543	$267,638	trimmed−1%	−0.01 pp	8 q
NKENike, Inc.	0.03%	2,139	$232,231	held	—	4 q
SPYGState Street SPDR Portfolio S&P 500 Growth ETF	0.03%	3,212	$208,973	new	+0.03 pp	new
XLKState Street Technology Select Sector SPDR ETF	0.03%	1,230	$236,750	trimmed−2%	0.00 pp	4 q
TSLATesla, Inc.	0.03%	830	$206,238	added0%	0.00 pp	12 q
VOVanguard Morningstar Mid-Cap ETF	0.03%	888	$206,602	new	+0.03 pp	new
VTVVanguard Morningstar Value ETF	0.03%	1,382	$206,609	new	+0.03 pp	new
VBVanguard Morningstar Small-Cap ETF	0.03%	1,078	$229,880	added0%	0.00 pp	4 q
VVISA Inc.	0.03%	993	$258,528	added+1%	0.00 pp	4 q
WMTWalmart Inc.	0.03%	1,715	$270,370	held	—	15 q
ETNEaton Corporation, plc	0.03%	842	$202,770	new	+0.03 pp	new
CGENCompugen Ltd	0.03%	109,656	$217,119	held	—	41 q
MRKRMarker Therapeutics, Inc.	0.01%	15,000	$82,500	held	—	9 q
SKYXSKYX Platforms Corp.	0.00%	15,000	$24,000	held	—	6 q
TSNTyson Foods, Inc.	—	−85,769	—	exited	−0.62 pp	—