Matrix Asset Advisors

Q3 2024 13F · by David Katz, CIO

As of: Sep 30, 2024
Filed: Oct 10, 2024
US stock: $899M · prev $837M
Positions: 102 · prev 101
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%

Moves88 since the prior filing

+3.5 pp in · −3.5 pp out

New 6 +1.72 pp
Added 50 +1.74 pp
Trimmed 27 −0.93 pp
Exited 5 −2.57 pp

The book

Focused · behaves like 37 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 17% a year, about 5.8 years per position

Low
Moderate
High

Top 5 positions22% of US stock

Positions102 in this filing · 5 exited


MSFTMicrosoft Corp	6.76%	141,215	$61M	trimmed−0%	−0.80 pp	46 q
BNYBank of New York Mellon Corporation	4.11%	514,356	$37M	trimmed−1%	+0.39 pp	14 q
JPMJPMorgan Chase & Co.	3.91%	166,791	$35M	trimmed−8%	−0.46 pp	46 q
AAPLApple Inc.	3.64%	140,607	$33M	added+2%	+0.16 pp	45 q
PNCPNC Financial Services Group	3.61%	175,392	$32M	trimmed−1%	+0.33 pp	23 q
MSMorgan Stanley	3.50%	301,627	$31M	trimmed−1%	−0.03 pp	46 q
CSCOCisco Systems, Inc. (DE)	3.40%	574,239	$31M	added0%	+0.14 pp	46 q
CMCSAComcast Corp	3.40%	730,834	$31M	added+1%	+0.01 pp	36 q
USBU.S. Bancorp	3.18%	625,030	$29M	trimmed−0%	+0.21 pp	18 q
QCOMQualcomm Inc	3.17%	167,660	$29M	added+16%	−0.27 pp	45 q
MDTMedtronic plc	3.09%	308,366	$28M	added+11%	+0.48 pp	11 q
GOOGAlphabet Inc. Class C	3.05%	163,875	$27M	added0%	−0.52 pp	34 q
AEPAmerican Electric Power Company, Inc.	2.62%	229,980	$24M	trimmed−0%	+0.21 pp	12 q
METAMeta Platforms, Inc. Class A	2.58%	40,489	$23M	trimmed−2%	+0.10 pp	25 q
AMZNAmazon.Com Inc	2.51%	121,287	$23M	trimmed−1%	−0.31 pp	24 q
SBUXStarbucks Corp	2.28%	209,955	$20M	added+10%	+0.50 pp	10 q
ABBVAbbvie Inc.	2.22%	101,261	$20M	trimmed−30%	−0.75 pp	36 q
NEENextEra Energy, Inc.	2.16%	230,026	$19M	trimmed−0%	+0.21 pp	5 q
HDHome Depot, Inc.	2.07%	46,001	$19M	added0%	+0.18 pp	9 q
TXNTexas Instruments Incorporated	2.01%	87,403	$18M	trimmed−0%	−0.03 pp	11 q
GSGoldman Sachs Group Inc.	1.99%	36,108	$18M	trimmed−10%	−0.18 pp	32 q
PYPLPayPal Holdings, Inc.	1.95%	224,308	$18M	trimmed−1%	+0.37 pp	11 q
UNPUnion Pacific Corp.	1.86%	67,900	$17M	added+8%	+0.16 pp	7 q
MTBM&T Bank Corp.	1.82%	91,870	$16M	added0%	+0.16 pp	18 q
AMGNAmgen Inc	1.70%	47,449	$15M	added+5%	+0.02 pp	15 q
GILDGilead Sciences Inc	1.69%	181,662	$15M	trimmed−1%	+0.19 pp	42 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	1.59%	24,523	$14M	trimmed−1%	+0.08 pp	6 q
TELTE Connectivity plc	1.57%	93,749	$14M	new	+1.57 pp	new
FDXFedEx Corporation	1.52%	50,047	$14M	added0%	−0.26 pp	22 q
LHXL3Harris Technologies, Inc.	1.51%	57,218	$14M	trimmed−1%	−0.05 pp	17 q
WFCWells Fargo & Co.	1.49%	237,435	$13M	added0%	−0.19 pp	46 q
TMOThermo Fisher Scientific, Inc.	1.36%	19,753	$12M	trimmed−2%	+0.03 pp	46 q
ZBHZimmer Biomet Holdings, Inc.	1.19%	99,495	$11M	trimmed−1%	−0.11 pp	46 q
VOOVanguard S&P 500 ETF	1.13%	19,317	$10M	added+10%	+0.08 pp	13 q
TSNTyson Foods, Inc.	1.11%	167,827	$10M	added+12%	+0.09 pp	3 q
VEAVanguard FTSE Developed Markets ETF	1.06%	180,407	$10M	added+14%	+0.12 pp	15 q
BDXBecton, Dickinson and Co.	0.95%	35,295	$9M	added+38%	+0.23 pp	15 q
RTXRTX Corporation	0.95%	70,381	$9M	trimmed−0%	+0.10 pp	5 q
PFEPfizer Inc.	0.94%	291,405	$8M	trimmed−2%	−0.05 pp	6 q
VYMVanguard High Dividend Yield ETF	0.94%	65,726	$8M	added+9%	+0.09 pp	18 q
GDGeneral Dynamics Corporation	0.86%	25,448	$8M	added0%	−0.02 pp	16 q
IWFiShares Russell 1000 Growth ETF	0.81%	19,412	$7M	added+12%	+0.06 pp	15 q
FISVFiserv, Inc.	0.72%	35,971	$6M	trimmed−3%	+0.06 pp	16 q
PEPPepsiCo, Inc.	0.60%	31,497	$5M	added+3%	0.00 pp	3 q
IWRiShares Russell Mid-Cap ETF	0.49%	49,939	$4M	added+11%	+0.05 pp	13 q
IJRiShares Core S&P Small-Cap ETF	0.47%	36,016	$4M	added+23%	+0.10 pp	14 q
LOWLowe's Companies Inc.	0.43%	14,390	$4M	added+30%	+0.14 pp	2 q
MDYState Street SPDR S&P MIDCAP 400 ETF Trust	0.41%	6,514	$4M	added+24%	+0.07 pp	15 q
IWMiShares Russell 2000 ETF	0.26%	10,601	$2M	added0%	0.00 pp	39 q
TCHPT. Rowe Price Blue Chip Growth ETF	0.26%	59,381	$2M	added+3%	−0.01 pp	8 q
IVViShares Core S&P 500 ETF	0.21%	3,254	$2M	added+53%	+0.07 pp	26 q
VWOVanguard FTSE Emerging Markets ETF	0.21%	40,161	$2M	added+7%	+0.01 pp	8 q
BRK.BBERKSHIRE HATHAWAY Class B	0.14%	2,774	$1M	held	—	46 q
EFAiShares MSCI EAFE ETF	0.14%	15,277	$1M	held	—	21 q
IWDiShares Russell 1000 Value ETF	0.14%	6,604	$1M	added+14%	+0.02 pp	8 q
VUGVanguard Morningstar Growth ETF	0.13%	3,152	$1M	added+3%	−0.01 pp	21 q
NVDANvidia Corp	0.12%	8,807	$1M	added+1%	−0.01 pp	6 q
GLDSPDR Gold Trust, SPDR Gold Shares	0.11%	3,966	$963,976	held	—	12 q
VTIVanguard Morningstar Total Stock Market ETF	0.11%	3,417	$967,578	held	—	6 q
AXPAmerican Express Company	0.10%	3,212	$871,094	held	—	46 q
AFLAflac Inc.	0.08%	6,201	$693,272	held	—	46 q
VIGVanguard Dividend Appreciation ETF	0.08%	3,453	$683,997	trimmed−1%	0.00 pp	18 q
VTVVanguard Morningstar Value ETF	0.08%	3,877	$676,808	added×2.6	+0.05 pp	4 q
QQQInvesco QQQ Trust, Series 1	0.07%	1,250	$609,992	added+13%	+0.01 pp	18 q
GOOGLAlphabet Inc. Class A	0.06%	3,062	$507,833	added+15%	0.00 pp	16 q
XOMExxon Mobil Corp	0.06%	4,408	$516,706	added+2%	0.00 pp	46 q
JNJJohnson & Johnson	0.06%	3,375	$546,953	added+1%	0.00 pp	46 q
SDYState Street SPDR S&P Dividend ETF	0.06%	3,849	$546,775	added0%	0.00 pp	26 q
SPYXState Street SPDR S&P 500 Fossil Fuel Reserves Free ETF	0.06%	11,784	$556,802	added+22%	+0.01 pp	11 q
PARAParamount Global-class B	0.06%	47,115	$500,361	trimmed−86%	−0.36 pp	20 q
CVSCvs Health Corporation	0.05%	7,161	$450,284	trimmed−61%	−0.08 pp	46 q
COSTCostco Wholesale Corp	0.05%	544	$482,267	held	—	7 q
DHRDanaher Corporation	0.05%	1,703	$473,468	held	—	8 q
NUENucor Corporation	0.05%	2,698	$405,617	new	+0.05 pp	new
COFCapital One Financial	0.04%	2,414	$361,448	held	—	46 q
ESGDiShares Trust iShares ESG Aware MSCI EAFE ETF	0.04%	4,259	$358,480	added+34%	+0.01 pp	11 q
MCDMcDonald's Corporation	0.04%	1,074	$327,044	added0%	+0.01 pp	7 q
MRKMerck & Co., Inc.	0.04%	2,862	$325,009	held	—	46 q
PGProcter & Gamble Company	0.04%	2,183	$378,096	added+2%	0.00 pp	46 q
WMTWalmart Inc.	0.04%	4,841	$390,911	held	—	18 q
BACBank of America Corporation	0.03%	6,301	$250,024	held	—	7 q
BMYBristol-Myers Squibb Co.	0.03%	5,619	$290,727	added0%	0.00 pp	29 q
CLColgate-Palmolive Company	0.03%	2,583	$268,141	trimmed−1%	0.00 pp	4 q
IBMInternational Business Machines Corporation	0.03%	1,123	$248,273	new	+0.03 pp	new
INTUIntuit Inc	0.03%	450	$279,450	held	—	7 q
IWBiShares Russell 1000 ETF	0.03%	721	$226,823	held	—	3 q
IWNiShares Russell 2000 Value ETF	0.03%	1,765	$294,437	new	+0.03 pp	new
IEMGiShares Core MSCI Emerging Markets ETF	0.03%	4,926	$282,817	added+3%	0.00 pp	18 q
LLYEli Lilly & Co.	0.03%	302	$267,554	added+2%	0.00 pp	3 q
PFSProvident Financial Services, Inc.	0.03%	13,623	$252,843	held	—	2 q
SPYGState Street SPDR Portfolio S&P 500 Growth ETF	0.03%	3,411	$282,908	added+6%	0.00 pp	4 q
XLKState Street Technology Select Sector SPDR ETF	0.03%	1,180	$266,397	held	—	7 q
VOVanguard Morningstar Mid-Cap ETF	0.03%	989	$260,943	added+11%	0.00 pp	4 q
VBVanguard Morningstar Small-Cap ETF	0.03%	1,168	$277,121	added+8%	0.00 pp	7 q
VVISA Inc.	0.03%	969	$266,427	trimmed−3%	0.00 pp	7 q
ACNAccenture PLC	0.03%	805	$284,551	held	—	7 q
ETNEaton Corporation, plc	0.03%	842	$279,072	held	—	4 q
ITGartner, Inc.	0.02%	400	$202,704	new	+0.02 pp	new
TSLATesla, Inc.	0.02%	833	$217,938	new	+0.02 pp	new
CGENCompugen Ltd	0.02%	93,833	$169,838	added+3%	0.00 pp	44 q
SKYXSKYX Platforms Corp.	0.01%	130,000	$110,500	added+30%	0.00 pp	9 q
MRKRMarker Therapeutics, Inc.	0.00%	15,000	$42,300	held	—	12 q
0VQJLTe Connectivity Ltd	—	−94,978	—	exited	−1.71 pp	—
DUKDuke Energy Corporation	—	−64,933	—	exited	−0.78 pp	—
DCGODocGo Inc.	—	−100,000	—	exited	−0.04 pp	—
APHAmphenol Corporation	—	−3,056	—	exited	−0.02 pp	—
AONAon plc Class A	—	−691	—	exited	−0.02 pp	—