Matrix Asset Advisors

Q2 2024 13F · by David Katz, CIO

As of: Jun 30, 2024
Filed: Jul 15, 2024
US stock: $837M · prev $836M
Positions: 101 · prev 100
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%

Moves85 since the prior filing

+2.6 pp in · −2.6 pp out

New 5 +0.39 pp
Added 35 +2.18 pp
Trimmed 41 −2.47 pp
Exited 4 −0.11 pp

The book

Focused · behaves like 36 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 18% a year, about 5.6 years per position

Low
Moderate
High

Top 5 positions23% of US stock

Positions101 in this filing · 4 exited


MSFTMicrosoft Corp	7.56%	141,606	$63M	trimmed−1%	+0.37 pp	45 q
JPMJPMorgan Chase & Co.	4.37%	181,058	$37M	trimmed−2%	−0.04 pp	45 q
BNYBank of New York Mellon Corporation	3.72%	519,734	$31M	trimmed−1%	+0.09 pp	13 q
GOOGAlphabet Inc. Class C	3.57%	163,077	$30M	trimmed−1%	+0.57 pp	33 q
MSMorgan Stanley	3.53%	303,851	$30M	trimmed−1%	+0.09 pp	45 q
AAPLApple Inc.	3.48%	138,429	$29M	trimmed−1%	+0.62 pp	44 q
QCOMQualcomm Inc	3.44%	144,739	$29M	trimmed−21%	−0.27 pp	44 q
CMCSAComcast Corp	3.39%	724,616	$28M	added+8%	−0.07 pp	35 q
PNCPNC Financial Services Group	3.28%	176,710	$27M	trimmed−1%	−0.16 pp	22 q
CSCOCisco Systems, Inc. (DE)	3.26%	573,853	$27M	added+13%	+0.24 pp	45 q
ABBVAbbvie Inc.	2.97%	145,247	$25M	added+2%	−0.14 pp	35 q
USBU.S. Bancorp	2.97%	626,929	$25M	added0%	−0.37 pp	17 q
AMZNAmazon.Com Inc	2.82%	122,313	$24M	trimmed−1%	+0.16 pp	23 q
MDTMedtronic plc	2.61%	277,597	$22M	added+52%	+0.71 pp	10 q
METAMeta Platforms, Inc. Class A	2.48%	41,238	$21M	trimmed−1%	+0.05 pp	24 q
AEPAmerican Electric Power Company, Inc.	2.41%	230,494	$20M	trimmed−1%	+0.01 pp	11 q
GSGoldman Sachs Group Inc.	2.17%	40,161	$18M	trimmed−2%	+0.13 pp	31 q
TXNTexas Instruments Incorporated	2.04%	87,689	$17M	trimmed−2%	+0.18 pp	10 q
NEENextEra Energy, Inc.	1.95%	230,488	$16M	trimmed−1%	+0.18 pp	4 q
HDHome Depot, Inc.	1.89%	46,000	$16M	added+8%	−0.06 pp	8 q
FDXFedEx Corporation	1.78%	49,831	$15M	trimmed−1%	+0.04 pp	21 q
SBUXStarbucks Corp	1.78%	191,483	$15M	added+40%	+0.28 pp	9 q
0VQJLTe Connectivity Ltd	1.71%	94,978	$14M	trimmed−1%	+0.04 pp	45 q
UNPUnion Pacific Corp.	1.70%	62,830	$14M	added+6%	−0.04 pp	6 q
AMGNAmgen Inc	1.68%	45,068	$14M	added+9%	+0.28 pp	14 q
WFCWells Fargo & Co.	1.68%	237,011	$14M	trimmed−1%	+0.02 pp	45 q
MTBM&T Bank Corp.	1.66%	91,668	$14M	trimmed−1%	+0.05 pp	17 q
PYPLPayPal Holdings, Inc.	1.58%	227,562	$13M	added+1%	−0.23 pp	10 q
LHXL3Harris Technologies, Inc.	1.56%	58,047	$13M	trimmed−2%	+0.05 pp	16 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	1.51%	24,886	$13M	trimmed−0%	+0.03 pp	5 q
GILDGilead Sciences Inc	1.50%	183,277	$13M	trimmed−41%	−1.23 pp	41 q
TMOThermo Fisher Scientific, Inc.	1.33%	20,189	$11M	trimmed−4%	−0.13 pp	45 q
ZBHZimmer Biomet Holdings, Inc.	1.30%	100,111	$11M	trimmed−0%	−0.28 pp	45 q
VOOVanguard S&P 500 ETF	1.05%	17,634	$9M	trimmed−5%	−0.01 pp	12 q
TSNTyson Foods, Inc.	1.02%	150,176	$9M	added×2.8	+0.64 pp	2 q
PFEPfizer Inc.	0.99%	297,256	$8M	added+7%	+0.07 pp	5 q
VEAVanguard FTSE Developed Markets ETF	0.94%	158,791	$8M	added+13%	+0.10 pp	14 q
GDGeneral Dynamics Corporation	0.88%	25,360	$7M	trimmed−28%	−0.31 pp	15 q
RTXRTX Corporation	0.85%	70,559	$7M	trimmed−1%	+0.02 pp	4 q
VYMVanguard High Dividend Yield ETF	0.85%	60,199	$7M	added+8%	+0.05 pp	17 q
DUKDuke Energy Corporation	0.78%	64,933	$7M	trimmed−0%	+0.03 pp	3 q
IWFiShares Russell 1000 Growth ETF	0.75%	17,322	$6M	added+3%	+0.07 pp	14 q
BDXBecton, Dickinson and Co.	0.72%	25,650	$6M	trimmed−1%	−0.05 pp	14 q
FISVFiserv, Inc.	0.66%	37,108	$6M	trimmed−2%	−0.06 pp	15 q
PEPPepsiCo, Inc.	0.60%	30,566	$5M	added×3.5	+0.42 pp	2 q
IWRiShares Russell Mid-Cap ETF	0.44%	45,042	$4M	added+13%	+0.04 pp	12 q
PARAParamount Global-class B	0.42%	335,712	$3M	trimmed−6%	−0.08 pp	19 q
IJRiShares Core S&P Small-Cap ETF	0.37%	29,316	$3M	added+27%	+0.06 pp	13 q
MDYState Street SPDR S&P MIDCAP 400 ETF Trust	0.34%	5,266	$3M	trimmed−0%	−0.01 pp	14 q
LOWLowe's Companies Inc.	0.29%	11,045	$2M	new	+0.29 pp	new
TCHPT. Rowe Price Blue Chip Growth ETF	0.27%	57,710	$2M	added+4%	+0.04 pp	7 q
IWMiShares Russell 2000 ETF	0.26%	10,587	$2M	added+1%	0.00 pp	38 q
VWOVanguard FTSE Emerging Markets ETF	0.20%	37,528	$2M	added+4%	+0.02 pp	7 q
IVViShares Core S&P 500 ETF	0.14%	2,126	$1M	added+1%	+0.01 pp	25 q
EFAiShares MSCI EAFE ETF	0.14%	15,277	$1M	added+1%	0.00 pp	20 q
VUGVanguard Morningstar Growth ETF	0.14%	3,049	$1M	held	—	20 q
BRK.BBERKSHIRE HATHAWAY Class B	0.13%	2,774	$1M	added+1%	−0.01 pp	45 q
CVSCvs Health Corporation	0.13%	18,561	$1M	trimmed−93%	−2.58 pp	45 q
NVDANvidia Corp	0.13%	8,700	$1M	added+14%	+0.05 pp	5 q
IWDiShares Russell 1000 Value ETF	0.12%	5,786	$1M	added+21%	+0.02 pp	7 q
VTIVanguard Morningstar Total Stock Market ETF	0.11%	3,417	$914,000	held	—	5 q
GLDSPDR Gold Trust, SPDR Gold Shares	0.10%	3,966	$853,000	held	—	11 q
AXPAmerican Express Company	0.09%	3,212	$744,000	trimmed−1%	0.00 pp	45 q
VIGVanguard Dividend Appreciation ETF	0.08%	3,481	$636,000	trimmed−4%	0.00 pp	17 q
AFLAflac Inc.	0.07%	6,201	$554,000	held	—	45 q
GOOGLAlphabet Inc. Class A	0.06%	2,665	$485,000	added+8%	+0.02 pp	15 q
COSTCostco Wholesale Corp	0.06%	544	$462,000	trimmed−1%	+0.01 pp	6 q
XOMExxon Mobil Corp	0.06%	4,340	$500,000	trimmed−0%	0.00 pp	45 q
QQQInvesco QQQ Trust, Series 1	0.06%	1,108	$531,000	added+2%	0.00 pp	17 q
JNJJohnson & Johnson	0.06%	3,345	$489,000	held	—	45 q
SDYState Street SPDR S&P Dividend ETF	0.06%	3,847	$489,000	added0%	0.00 pp	25 q
DHRDanaher Corporation	0.05%	1,703	$425,000	held	—	7 q
SPYXState Street SPDR S&P 500 Fossil Fuel Reserves Free ETF	0.05%	9,697	$432,000	trimmed−7%	0.00 pp	10 q
COFCapital One Financial	0.04%	2,414	$334,000	held	—	45 q
DCGODocGo Inc.	0.04%	100,000	$309,000	new	+0.04 pp	new
INTUIntuit Inc	0.04%	450	$296,000	held	—	6 q
MRKMerck & Co., Inc.	0.04%	2,862	$354,000	held	—	45 q
PGProcter & Gamble Company	0.04%	2,134	$352,000	added0%	0.00 pp	45 q
WMTWalmart Inc.	0.04%	4,841	$328,000	held	—	17 q
BACBank of America Corporation	0.03%	6,301	$251,000	trimmed−11%	0.00 pp	6 q
BMYBristol-Myers Squibb Co.	0.03%	5,604	$233,000	added+1%	−0.01 pp	28 q
CLColgate-Palmolive Company	0.03%	2,600	$252,000	held	—	3 q
IWBiShares Russell 1000 ETF	0.03%	721	$215,000	held	—	2 q
IEMGiShares Core MSCI Emerging Markets ETF	0.03%	4,772	$255,000	added+1%	0.00 pp	17 q
ESGDiShares Trust iShares ESG Aware MSCI EAFE ETF	0.03%	3,176	$250,000	trimmed−8%	0.00 pp	10 q
LLYEli Lilly & Co.	0.03%	297	$269,000	held	—	2 q
MCDMcDonald's Corporation	0.03%	1,070	$273,000	added0%	−0.01 pp	6 q
SPYGState Street SPDR Portfolio S&P 500 Growth ETF	0.03%	3,212	$257,000	held	—	3 q
XLKState Street Technology Select Sector SPDR ETF	0.03%	1,180	$267,000	trimmed−4%	0.00 pp	6 q
VOVanguard Morningstar Mid-Cap ETF	0.03%	888	$215,000	held	—	3 q
VTVVanguard Morningstar Value ETF	0.03%	1,520	$244,000	added+12%	0.00 pp	3 q
VBVanguard Morningstar Small-Cap ETF	0.03%	1,078	$235,000	held	—	6 q
VVISA Inc.	0.03%	994	$261,000	held	—	6 q
ACNAccenture PLC	0.03%	805	$244,000	trimmed−1%	0.00 pp	6 q
ETNEaton Corporation, plc	0.03%	842	$264,000	held	—	3 q
APHAmphenol Corporation	0.02%	3,056	$206,000	new	+0.02 pp	new
PFSProvident Financial Services, Inc.	0.02%	13,623	$195,000	new	+0.02 pp	new
AONAon plc Class A	0.02%	691	$203,000	new	+0.02 pp	new
CGENCompugen Ltd	0.02%	90,833	$153,000	held	—	43 q
MRKRMarker Therapeutics, Inc.	0.01%	15,000	$81,000	held	—	11 q
SKYXSKYX Platforms Corp.	0.01%	100,000	$95,000	added+54%	0.00 pp	8 q
BABoeing Company	—	−1,094	—	exited	−0.03 pp	—
IBMInternational Business Machines Corporation	—	−1,117	—	exited	−0.03 pp	—
LBAILakeland Bancorp Inc	—	−20,876	—	exited	−0.03 pp	—
NKENike, Inc.	—	−2,139	—	exited	−0.02 pp	—