Matrix Asset Advisors

Q4 2024 13F · by David Katz, CIO

As of: Dec 31, 2024
Filed: Jan 22, 2024
US stock: $916M · prev $899M
Positions: 110 · prev 102
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%

Moves93 since the prior filing

+2.3 pp in · −2.3 pp out

New 9 +1.06 pp
Added 45 +1.24 pp
Trimmed 38 −2.25 pp
Exited 1 −0.02 pp

The book

Focused · behaves like 38 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 14% a year, about 7.1 years per position

Low
Moderate
High

Top 5 positions23% of US stock

Positions110 in this filing · 1 exited


MSFTMicrosoft Corp	6.50%	141,099	$59M	trimmed−0%	−0.26 pp	47 q
JPMJPMorgan Chase & Co.	4.24%	161,806	$39M	trimmed−3%	+0.33 pp	47 q
BNYBank of New York Mellon Corporation	4.11%	489,288	$38M	trimmed−5%	0.00 pp	15 q
AAPLApple Inc.	3.90%	142,768	$36M	added+2%	+0.26 pp	46 q
MSMorgan Stanley	3.85%	280,424	$35M	trimmed−7%	+0.35 pp	47 q
PNCPNC Financial Services Group	3.55%	168,547	$33M	trimmed−4%	−0.06 pp	24 q
CSCOCisco Systems, Inc. (DE)	3.53%	545,864	$32M	trimmed−5%	+0.13 pp	47 q
GOOGAlphabet Inc. Class C	3.37%	162,225	$31M	trimmed−1%	+0.32 pp	35 q
USBU.S. Bancorp	3.25%	621,618	$30M	trimmed−1%	+0.07 pp	19 q
CMCSAComcast Corp	2.98%	726,705	$27M	trimmed−1%	−0.42 pp	37 q
QCOMQualcomm Inc	2.92%	174,254	$27M	added+4%	−0.25 pp	46 q
AMZNAmazon.Com Inc	2.89%	120,742	$26M	trimmed−0%	+0.38 pp	25 q
MDTMedtronic plc	2.83%	323,955	$26M	added+5%	−0.26 pp	12 q
AMGNAmgen Inc	2.65%	93,022	$24M	added+96%	+0.95 pp	16 q
METAMeta Platforms, Inc. Class A	2.43%	37,968	$22M	trimmed−6%	−0.15 pp	26 q
AEPAmerican Electric Power Company, Inc.	2.31%	229,614	$21M	trimmed−0%	−0.31 pp	13 q
GSGoldman Sachs Group Inc.	2.15%	34,316	$20M	trimmed−5%	+0.16 pp	33 q
SBUXStarbucks Corp	2.06%	206,469	$19M	trimmed−2%	−0.22 pp	11 q
ABBVAbbvie Inc.	2.02%	104,029	$18M	added+3%	−0.20 pp	37 q
PYPLPayPal Holdings, Inc.	2.00%	214,063	$18M	trimmed−5%	+0.05 pp	12 q
HDHome Depot, Inc.	1.94%	45,568	$18M	trimmed−1%	−0.13 pp	10 q
NEENextEra Energy, Inc.	1.82%	232,315	$17M	added+1%	−0.34 pp	6 q
TXNTexas Instruments Incorporated	1.79%	87,455	$16M	added0%	−0.22 pp	12 q
MTBM&T Bank Corp.	1.78%	86,822	$16M	trimmed−5%	−0.04 pp	19 q
WFCWells Fargo & Co.	1.74%	226,756	$16M	trimmed−5%	+0.25 pp	47 q
UNPUnion Pacific Corp.	1.71%	68,721	$16M	added+1%	−0.15 pp	8 q
GILDGilead Sciences Inc	1.65%	163,338	$15M	trimmed−10%	−0.04 pp	43 q
FDXFedEx Corporation	1.52%	49,524	$14M	trimmed−1%	0.00 pp	23 q
TELTE Connectivity plc	1.45%	92,655	$13M	trimmed−1%	−0.12 pp	2 q
LHXL3Harris Technologies, Inc.	1.29%	56,323	$12M	trimmed−2%	−0.22 pp	18 q
VOOVanguard S&P 500 ETF	1.18%	20,109	$11M	added+4%	+0.05 pp	14 q
TMOThermo Fisher Scientific, Inc.	1.11%	19,456	$10M	trimmed−2%	−0.25 pp	47 q
VEAVanguard FTSE Developed Markets ETF	1.08%	207,181	$10M	added+15%	+0.02 pp	16 q
PEPPepsiCo, Inc.	1.07%	64,477	$10M	added×2.0	+0.47 pp	4 q
TSNTyson Foods, Inc.	1.05%	167,977	$10M	added0%	−0.06 pp	4 q
ZBHZimmer Biomet Holdings, Inc.	1.04%	90,227	$10M	trimmed−9%	−0.15 pp	47 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.96%	17,411	$9M	trimmed−29%	−0.63 pp	7 q
VYMVanguard High Dividend Yield ETF	0.96%	69,204	$9M	added+5%	+0.02 pp	19 q
IWFiShares Russell 1000 Growth ETF	0.88%	20,107	$8M	added+4%	+0.07 pp	16 q
RTXRTX Corporation	0.88%	69,897	$8M	trimmed−1%	−0.07 pp	6 q
GDGeneral Dynamics Corporation	0.74%	25,571	$7M	added0%	−0.12 pp	17 q
PFEPfizer Inc.	0.73%	253,278	$7M	trimmed−13%	−0.21 pp	7 q
FISVFiserv, Inc.	0.70%	31,264	$6M	trimmed−13%	−0.02 pp	17 q
DGDollar General Corp.	0.67%	81,217	$6M	new	+0.67 pp	new
BRK.BBERKSHIRE HATHAWAY Class B	0.62%	12,567	$6M	added×4.5	+0.48 pp	47 q
IWRiShares Russell Mid-Cap ETF	0.53%	54,406	$5M	added+9%	+0.04 pp	14 q
IJRiShares Core S&P Small-Cap ETF	0.53%	42,211	$5M	added+17%	+0.06 pp	15 q
MDYState Street SPDR S&P MIDCAP 400 ETF Trust	0.41%	6,566	$4M	added+1%	0.00 pp	16 q
LOWLowe's Companies Inc.	0.39%	14,381	$4M	trimmed−0%	−0.04 pp	3 q
BACBank of America Corporation	0.31%	63,801	$3M	added×10.1	+0.28 pp	8 q
TCHPT. Rowe Price Blue Chip Growth ETF	0.28%	60,480	$3M	added+2%	+0.02 pp	9 q
IWMiShares Russell 2000 ETF	0.26%	10,622	$2M	added0%	0.00 pp	40 q
IVViShares Core S&P 500 ETF	0.21%	3,266	$2M	added0%	0.00 pp	27 q
VWOVanguard FTSE Emerging Markets ETF	0.21%	43,225	$2M	added+8%	0.00 pp	9 q
HUMHumana Inc.	0.18%	6,598	$2M	new	+0.18 pp	new
VUGVanguard Morningstar Growth ETF	0.14%	3,136	$1M	trimmed−1%	+0.01 pp	22 q
EFAiShares MSCI EAFE ETF	0.13%	15,313	$1M	added0%	−0.01 pp	22 q
IWDiShares Russell 1000 Value ETF	0.13%	6,630	$1M	added0%	−0.01 pp	9 q
NVDANvidia Corp	0.13%	8,767	$1M	trimmed−0%	+0.01 pp	7 q
BDXBecton, Dickinson and Co.	0.12%	4,679	$1M	trimmed−87%	−0.83 pp	16 q
VTIVanguard Morningstar Total Stock Market ETF	0.11%	3,417	$990,301	held	—	7 q
AXPAmerican Express Company	0.10%	3,187	$945,870	trimmed−1%	0.00 pp	47 q
VTVVanguard Morningstar Value ETF	0.10%	5,486	$928,782	added+42%	+0.02 pp	5 q
COSTCostco Wholesale Corp	0.09%	894	$819,145	added+64%	+0.04 pp	8 q
AFLAflac Inc.	0.07%	6,201	$641,431	held	—	47 q
QQQInvesco QQQ Trust, Series 1	0.07%	1,275	$651,624	added+2%	0.00 pp	19 q
SPYXState Street SPDR S&P 500 Fossil Fuel Reserves Free ETF	0.07%	14,054	$676,717	added+19%	+0.01 pp	12 q
VIGVanguard Dividend Appreciation ETF	0.07%	3,455	$676,629	added0%	−0.01 pp	19 q
GOOGLAlphabet Inc. Class A	0.06%	2,986	$565,250	trimmed−2%	0.00 pp	17 q
SDYState Street SPDR S&P Dividend ETF	0.06%	3,852	$508,886	added0%	0.00 pp	27 q
ACNAccenture PLC	0.06%	1,655	$582,212	added×2.1	+0.03 pp	8 q
COFCapital One Financial	0.05%	2,414	$430,464	held	—	47 q
DCGODocGo Inc.	0.05%	100,000	$424,000	new	+0.05 pp	new
XOMExxon Mobil Corp	0.05%	4,417	$475,137	added0%	−0.01 pp	47 q
INTUIntuit Inc	0.05%	700	$439,950	added+56%	+0.02 pp	8 q
ESGDiShares Trust iShares ESG Aware MSCI EAFE ETF	0.05%	6,563	$499,707	added+54%	+0.01 pp	12 q
JNJJohnson & Johnson	0.05%	3,375	$488,093	held	—	47 q
WMTWalmart Inc.	0.05%	4,841	$437,384	held	—	19 q
ETNEaton Corporation, plc	0.05%	1,342	$445,370	added+59%	+0.02 pp	5 q
DHRDanaher Corporation	0.04%	1,703	$390,924	held	—	9 q
PGProcter & Gamble Company	0.04%	2,185	$366,315	added0%	0.00 pp	47 q
TSLATesla, Inc.	0.04%	833	$336,399	held	—	2 q
VOVanguard Morningstar Mid-Cap ETF	0.04%	1,332	$351,941	added+35%	+0.01 pp	5 q
ADPAutomatic Data Processing	0.03%	1,090	$319,076	new	+0.03 pp	new
BMYBristol-Myers Squibb Co.	0.03%	5,449	$308,195	trimmed−3%	0.00 pp	30 q
AVGOBroadcom Inc.	0.03%	1,060	$245,750	new	+0.03 pp	new
CVSCvs Health Corporation	0.03%	6,175	$277,196	trimmed−14%	−0.02 pp	47 q
CLColgate-Palmolive Company	0.03%	2,583	$234,821	held	—	5 q
IBMInternational Business Machines Corporation	0.03%	1,125	$247,309	added0%	0.00 pp	2 q
IWBiShares Russell 1000 ETF	0.03%	722	$232,526	added0%	0.00 pp	4 q
IWNiShares Russell 2000 Value ETF	0.03%	1,765	$289,760	held	—	2 q
IEMGiShares Core MSCI Emerging Markets ETF	0.03%	4,937	$257,802	added0%	0.00 pp	19 q
LLYEli Lilly & Co.	0.03%	302	$233,144	held	—	4 q
LMTLockheed Martin Corp.	0.03%	526	$255,604	new	+0.03 pp	new
MCDMcDonald's Corporation	0.03%	1,077	$312,212	added0%	−0.01 pp	8 q
MRKMerck & Co., Inc.	0.03%	2,862	$284,712	held	—	47 q
NUENucor Corporation	0.03%	2,698	$314,884	held	—	2 q
PFSProvident Financial Services, Inc.	0.03%	13,623	$257,066	held	—	3 q
GLDSPDR Gold Trust, SPDR Gold Shares	0.03%	966	$233,898	trimmed−76%	−0.08 pp	13 q
SPYGState Street SPDR Portfolio S&P 500 Growth ETF	0.03%	3,411	$299,827	held	—	5 q
XLKState Street Technology Select Sector SPDR ETF	0.03%	1,180	$274,374	held	—	8 q
VBVanguard Morningstar Small-Cap ETF	0.03%	1,169	$280,866	added0%	0.00 pp	8 q
VVISA Inc.	0.03%	969	$306,243	held	—	8 q
AONAon plc Class A	0.03%	691	$248,180	new	+0.03 pp	new
APHAmphenol Corporation	0.02%	3,056	$212,239	new	+0.02 pp	new
HONHoneywell International, Inc.	0.02%	909	$205,334	new	+0.02 pp	new
SKYXSKYX Platforms Corp.	0.02%	158,333	$183,666	added+22%	+0.01 pp	10 q
PARAParamount Global-class B	0.02%	19,310	$201,983	trimmed−59%	−0.04 pp	21 q
CGENCompugen Ltd	0.02%	93,833	$143,564	held	—	45 q
MRKRMarker Therapeutics, Inc.	0.01%	15,000	$46,650	held	—	13 q
ITGartner, Inc.	—	−400	—	exited	−0.02 pp	—