Matrix Asset Advisors

Q1 2024 13F · by David Katz, CIO

As of: Mar 31, 2024
Filed: Apr 15, 2024
US stock: $836M · prev $786M
Positions: 100 · prev 99
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%

Moves82 since the prior filing

+3.6 pp in · −3.7 pp out

New 4 +0.61 pp
Added 37 +3.02 pp
Trimmed 38 −0.91 pp
Exited 3 −2.76 pp

The book

Focused · behaves like 37 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 23% a year, about 4.3 years per position

Low
Moderate
High

Top 5 positions22% of US stock

Positions100 in this filing · 3 exited


MSFTMicrosoft Corp	7.19%	142,956	$60M	trimmed−1%	+0.25 pp	44 q
JPMJPMorgan Chase & Co.	4.41%	184,245	$37M	trimmed−12%	−0.10 pp	44 q
QCOMQualcomm Inc	3.71%	183,356	$31M	trimmed−10%	−0.03 pp	43 q
BNYBank of New York Mellon Corporation	3.63%	526,456	$30M	trimmed−2%	+0.08 pp	12 q
CMCSAComcast Corp	3.46%	668,512	$29M	added+5%	−0.09 pp	34 q
MSMorgan Stanley	3.44%	305,900	$29M	trimmed−0%	−0.20 pp	44 q
PNCPNC Financial Services Group	3.44%	178,060	$29M	added+3%	+0.02 pp	21 q
USBU.S. Bancorp	3.34%	624,294	$28M	added+8%	+0.16 pp	16 q
ABBVAbbvie Inc.	3.11%	142,956	$26M	trimmed−13%	−0.13 pp	34 q
CSCOCisco Systems, Inc. (DE)	3.02%	505,833	$25M	added+2%	−0.18 pp	44 q
GOOGAlphabet Inc. Class C	3.00%	164,655	$25M	trimmed−3%	−0.04 pp	32 q
AAPLApple Inc.	2.86%	139,292	$24M	added0%	−0.54 pp	43 q
GILDGilead Sciences Inc	2.73%	311,545	$23M	added+5%	−0.34 pp	40 q
CVSCvs Health Corporation	2.71%	283,744	$23M	trimmed−3%	−0.22 pp	44 q
AMZNAmazon.Com Inc	2.66%	123,524	$22M	trimmed−3%	+0.20 pp	22 q
METAMeta Platforms, Inc. Class A	2.43%	41,787	$20M	trimmed−12%	+0.28 pp	23 q
AEPAmerican Electric Power Company, Inc.	2.40%	233,394	$20M	added+43%	+0.71 pp	10 q
GSGoldman Sachs Group Inc.	2.04%	40,779	$17M	trimmed−3%	−0.02 pp	30 q
HDHome Depot, Inc.	1.95%	42,598	$16M	trimmed−2%	+0.04 pp	7 q
MDTMedtronic plc	1.90%	182,221	$16M	added+8%	+0.13 pp	9 q
TXNTexas Instruments Incorporated	1.86%	89,170	$16M	added+19%	+0.23 pp	9 q
PYPLPayPal Holdings, Inc.	1.81%	225,847	$15M	added+14%	+0.27 pp	9 q
NEENextEra Energy, Inc.	1.77%	232,039	$15M	added+24%	+0.32 pp	3 q
FDXFedEx Corporation	1.74%	50,349	$15M	added+28%	+0.47 pp	20 q
UNPUnion Pacific Corp.	1.74%	59,115	$15M	added0%	−0.10 pp	5 q
0VQJLTe Connectivity Ltd	1.67%	96,199	$14M	trimmed−3%	−0.09 pp	44 q
WFCWells Fargo & Co.	1.66%	239,930	$14M	trimmed−2%	+0.12 pp	44 q
MTBM&T Bank Corp.	1.61%	92,709	$13M	added0%	0.00 pp	16 q
ZBHZimmer Biomet Holdings, Inc.	1.58%	100,181	$13M	trimmed−2%	0.00 pp	44 q
LHXL3Harris Technologies, Inc.	1.51%	59,103	$13M	trimmed−6%	−0.17 pp	15 q
SBUXStarbucks Corp	1.50%	137,082	$13M	added+25%	+0.17 pp	8 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	1.48%	24,983	$12M	added+33%	+0.22 pp	4 q
TMOThermo Fisher Scientific, Inc.	1.46%	21,011	$12M	trimmed−4%	−0.02 pp	44 q
AMGNAmgen Inc	1.40%	41,223	$12M	trimmed−2%	−0.15 pp	13 q
GDGeneral Dynamics Corporation	1.19%	35,127	$10M	trimmed−3%	−0.01 pp	14 q
VOOVanguard S&P 500 ETF	1.06%	18,468	$9M	added+27%	+0.25 pp	11 q
PFEPfizer Inc.	0.92%	277,879	$8M	added+33%	+0.16 pp	4 q
VEAVanguard FTSE Developed Markets ETF	0.84%	140,280	$7M	added+15%	+0.10 pp	13 q
RTXRTX Corporation	0.83%	70,973	$7M	added+29%	+0.24 pp	3 q
VYMVanguard High Dividend Yield ETF	0.80%	55,642	$7M	added+3%	+0.03 pp	16 q
BDXBecton, Dickinson and Co.	0.77%	25,958	$6M	trimmed−8%	−0.10 pp	13 q
DUKDuke Energy Corporation	0.75%	65,230	$6M	added×4.4	+0.57 pp	2 q
FISVFiserv, Inc.	0.72%	37,798	$6M	trimmed−50%	−0.56 pp	14 q
IWFiShares Russell 1000 Growth ETF	0.68%	16,753	$6M	added+9%	+0.09 pp	13 q
PARAParamount Global-class B	0.50%	355,859	$4M	added+2%	−0.16 pp	18 q
IWRiShares Russell Mid-Cap ETF	0.40%	40,036	$3M	added+30%	+0.10 pp	11 q
TSNTyson Foods, Inc.	0.38%	53,484	$3M	new	+0.38 pp	new
MDYState Street SPDR S&P MIDCAP 400 ETF Trust	0.35%	5,275	$3M	trimmed−4%	0.00 pp	13 q
IJRiShares Core S&P Small-Cap ETF	0.31%	23,157	$3M	added+48%	+0.09 pp	12 q
IWMiShares Russell 2000 ETF	0.26%	10,532	$2M	trimmed−1%	−0.01 pp	37 q
TCHPT. Rowe Price Blue Chip Growth ETF	0.23%	55,415	$2M	added+16%	+0.04 pp	6 q
PEPPepsiCo, Inc.	0.18%	8,686	$2M	new	+0.18 pp	new
VWOVanguard FTSE Emerging Markets ETF	0.18%	36,027	$2M	added+8%	+0.01 pp	6 q
BRK.BBERKSHIRE HATHAWAY Class B	0.14%	2,749	$1M	added0%	+0.02 pp	44 q
EFAiShares MSCI EAFE ETF	0.14%	15,133	$1M	added+1%	0.00 pp	19 q
IVViShares Core S&P 500 ETF	0.13%	2,109	$1M	added0%	0.00 pp	24 q
VUGVanguard Morningstar Growth ETF	0.13%	3,049	$1M	held	—	19 q
VTIVanguard Morningstar Total Stock Market ETF	0.11%	3,417	$888,096	held	—	4 q
IWDiShares Russell 1000 Value ETF	0.10%	4,800	$859,728	added+34%	+0.02 pp	6 q
GLDSPDR Gold Trust, SPDR Gold Shares	0.10%	3,966	$815,886	held	—	10 q
AXPAmerican Express Company	0.09%	3,228	$734,983	held	—	44 q
NVDANvidia Corp	0.08%	760	$686,706	held	—	4 q
VIGVanguard Dividend Appreciation ETF	0.08%	3,619	$660,953	added+1%	0.00 pp	16 q
AFLAflac Inc.	0.06%	6,201	$532,418	held	—	44 q
XOMExxon Mobil Corp	0.06%	4,342	$504,714	trimmed−4%	0.00 pp	44 q
QQQInvesco QQQ Trust, Series 1	0.06%	1,089	$483,576	added+1%	0.00 pp	16 q
JNJJohnson & Johnson	0.06%	3,345	$529,146	trimmed−2%	−0.01 pp	44 q
SDYState Street SPDR S&P Dividend ETF	0.06%	3,845	$504,618	held	—	24 q
COSTCostco Wholesale Corp	0.05%	547	$400,749	held	—	5 q
DHRDanaher Corporation	0.05%	1,703	$425,273	held	—	6 q
MRKMerck & Co., Inc.	0.05%	2,862	$377,641	trimmed−13%	0.00 pp	44 q
SPYXState Street SPDR S&P 500 Fossil Fuel Reserves Free ETF	0.05%	10,372	$443,922	trimmed−2%	0.00 pp	9 q
GOOGLAlphabet Inc. Class A	0.04%	2,465	$372,042	held	—	14 q
BMYBristol-Myers Squibb Co.	0.04%	5,549	$300,922	added+2%	0.00 pp	27 q
COFCapital One Financial	0.04%	2,414	$359,420	held	—	44 q
MCDMcDonald's Corporation	0.04%	1,067	$300,841	trimmed−6%	0.00 pp	5 q
PGProcter & Gamble Company	0.04%	2,132	$345,917	trimmed−9%	0.00 pp	44 q
BACBank of America Corporation	0.03%	7,111	$269,649	trimmed−4%	0.00 pp	5 q
BABoeing Company	0.03%	1,094	$211,131	trimmed−4%	−0.01 pp	6 q
CLColgate-Palmolive Company	0.03%	2,600	$234,130	trimmed−2%	0.00 pp	2 q
IBMInternational Business Machines Corporation	0.03%	1,117	$213,302	trimmed−23%	0.00 pp	2 q
INTUIntuit Inc	0.03%	450	$292,500	held	—	5 q
IEMGiShares Core MSCI Emerging Markets ETF	0.03%	4,723	$243,707	trimmed−20%	−0.01 pp	16 q
ESGDiShares Trust iShares ESG Aware MSCI EAFE ETF	0.03%	3,441	$274,970	trimmed−3%	0.00 pp	9 q
LBAILakeland Bancorp Inc	0.03%	20,876	$252,600	held	—	14 q
LLYEli Lilly & Co.	0.03%	297	$231,054	new	+0.03 pp	new
SPYGState Street SPDR Portfolio S&P 500 Growth ETF	0.03%	3,212	$234,958	held	—	2 q
XLKState Street Technology Select Sector SPDR ETF	0.03%	1,230	$256,172	held	—	5 q
VOVanguard Morningstar Mid-Cap ETF	0.03%	888	$221,960	held	—	2 q
VTVVanguard Morningstar Value ETF	0.03%	1,353	$220,350	trimmed−2%	0.00 pp	2 q
VBVanguard Morningstar Small-Cap ETF	0.03%	1,078	$246,390	held	—	5 q
VVISA Inc.	0.03%	994	$277,406	added0%	0.00 pp	5 q
WMTWalmart Inc.	0.03%	4,841	$291,283	trimmed−6%	0.00 pp	16 q
ACNAccenture PLC	0.03%	815	$282,487	held	—	5 q
ETNEaton Corporation, plc	0.03%	842	$263,277	held	—	2 q
CGENCompugen Ltd	0.03%	90,833	$234,349	trimmed−17%	0.00 pp	42 q
IWBiShares Russell 1000 ETF	0.02%	721	$207,642	new	+0.02 pp	new
NKENike, Inc.	0.02%	2,139	$201,023	held	—	5 q
MRKRMarker Therapeutics, Inc.	0.01%	15,000	$64,500	held	—	10 q
SKYXSKYX Platforms Corp.	0.01%	65,000	$85,150	added×4.3	+0.01 pp	7 q
APDAir Products & Chemicals, Inc.	—	−61,099	—	exited	−2.13 pp	—
EBAYeBay Inc	—	−108,362	—	exited	−0.60 pp	—
TSLATesla, Inc.	—	−830	—	exited	−0.03 pp	—