Matrix Asset Advisors

Q1 2026 13F · by David Katz, CIO

As of: Mar 31, 2026
Filed: Apr 22, 2026
US stock: $1.1B · prev $1.1B
Positions: 105 · prev 107
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%

Moves95 since the prior filing

+4.4 pp in · −4.4 pp out

New 6 +1.01 pp
Added 43 +3.43 pp
Trimmed 38 −1.30 pp
Exited 8 −3.07 pp

The book

Focused · behaves like 38 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 25% a year, about 4.0 years per position

Low
Moderate
High

Top 5 positions21% of US stock

Positions105 in this filing · 8 exited


MSFTMicrosoft Corp	5.82%	171,359	$63M	added+20%	−0.38 pp	52 q
MAVFMatrix Advisors Value ETF	4.43%	410,346	$48M	trimmed−1%	−0.10 pp	5 q
GOOGAlphabet Inc. Class C	3.79%	143,865	$41M	trimmed−9%	−0.66 pp	40 q
PNCPNC Financial Services Group	3.65%	191,401	$40M	added0%	+0.07 pp	29 q
JPMJPMorgan Chase & Co.	3.63%	134,535	$40M	trimmed−1%	−0.31 pp	52 q
MSMorgan Stanley	3.59%	238,060	$39M	trimmed−9%	−0.57 pp	52 q
AAPLApple Inc.	3.57%	153,271	$39M	added+4%	−0.02 pp	51 q
PEPPepsiCo, Inc.	3.44%	241,281	$37M	added+18%	+0.80 pp	9 q
QCOMQualcomm Inc	3.39%	287,239	$37M	added+32%	+0.05 pp	51 q
USBU.S. Bancorp	3.38%	709,170	$37M	trimmed−0%	−0.02 pp	24 q
AMGNAmgen Inc	3.22%	99,810	$35M	trimmed−4%	+0.17 pp	21 q
MDTMedtronic plc	2.99%	375,696	$33M	added+2%	−0.20 pp	17 q
BNYBank of New York Mellon Corporation	2.66%	244,520	$29M	trimmed−6%	−0.07 pp	20 q
AMZNAmazon.Com Inc	2.59%	135,469	$28M	added+8%	−0.01 pp	30 q
TXNTexas Instruments Incorporated	2.46%	138,263	$27M	added+3%	+0.37 pp	17 q
CMCSAComcast Corp	2.38%	903,971	$26M	added+51%	+0.77 pp	42 q
NEENextEra Energy, Inc.	2.26%	264,712	$25M	trimmed−1%	+0.33 pp	11 q
TSNTyson Foods, Inc.	2.20%	375,168	$24M	added+1%	+0.24 pp	9 q
GNRCGenerac Holdings Inc	2.02%	112,868	$22M	trimmed−0%	+0.64 pp	5 q
GSGoldman Sachs Group Inc.	1.97%	25,361	$21M	trimmed−9%	−0.24 pp	38 q
AMATApplied Materials Inc	1.84%	58,533	$20M	trimmed−18%	+0.18 pp	4 q
LMTLockheed Martin Corp.	1.83%	33,055	$20M	trimmed−0%	+0.39 pp	3 q
SBUXStarbucks Corp	1.83%	222,580	$20M	trimmed−2%	+0.12 pp	16 q
AEPAmerican Electric Power Company, Inc.	1.79%	148,772	$20M	trimmed−20%	−0.13 pp	18 q
METAMeta Platforms, Inc. Class A	1.73%	32,939	$19M	added+2%	−0.18 pp	31 q
VOOVanguard S&P 500 ETF	1.67%	30,455	$18M	added+8%	+0.08 pp	19 q
TGTTarget Corporation	1.60%	143,783	$17M	added0%	+0.34 pp	5 q
WFCWells Fargo & Co.	1.58%	216,482	$17M	trimmed−0%	−0.24 pp	52 q
HDHome Depot, Inc.	1.56%	51,622	$17M	added+2%	0.00 pp	15 q
VEAVanguard FTSE Developed Markets ETF	1.53%	260,896	$17M	added+11%	+0.21 pp	21 q
MTBM&T Bank Corp.	1.49%	78,775	$16M	trimmed−9%	−0.07 pp	24 q
FDXFedEx Corporation	1.44%	44,099	$16M	trimmed−20%	+0.01 pp	28 q
LOWLowe's Companies Inc.	1.41%	65,069	$15M	added0%	0.00 pp	8 q
VYMVanguard High Dividend Yield ETF	1.41%	104,118	$15M	added+6%	+0.14 pp	24 q
PYPLPayPal Holdings, Inc.	1.11%	267,229	$12M	trimmed−0%	−0.30 pp	17 q
IWFiShares Russell 1000 Growth ETF	1.05%	26,756	$11M	added+11%	+0.02 pp	21 q
TMOThermo Fisher Scientific, Inc.	1.02%	22,547	$11M	added+6%	−0.09 pp	52 q
ABBVAbbvie Inc.	0.78%	39,175	$9M	added+2%	−0.01 pp	42 q
IJRiShares Core S&P Small-Cap ETF	0.78%	67,969	$8M	added+8%	+0.10 pp	20 q
PGProcter & Gamble Company	0.67%	50,911	$7M	added×23.2	+0.64 pp	52 q
STZConstellation Brands, Inc.	0.64%	46,280	$7M	added+2%	+0.08 pp	3 q
NKENike, Inc.	0.64%	132,752	$7M	new	+0.64 pp	new
TELTE Connectivity plc	0.63%	32,664	$7M	trimmed−30%	−0.32 pp	7 q
ACNAccenture PLC	0.60%	33,007	$7M	added+68%	+0.13 pp	13 q
IWRiShares Russell Mid-Cap ETF	0.53%	59,571	$6M	added+1%	+0.02 pp	19 q
VTVVanguard Morningstar Value ETF	0.53%	29,464	$6M	added+12%	+0.08 pp	10 q
BRK.BBERKSHIRE HATHAWAY Class B	0.51%	11,595	$6M	held	—	52 q
MDYState Street SPDR S&P MIDCAP 400 ETF Trust	0.34%	5,979	$4M	trimmed−2%	+0.01 pp	21 q
TCHPT. Rowe Price Blue Chip Growth ETF	0.31%	76,249	$3M	added+2%	−0.02 pp	14 q
ADPAutomatic Data Processing	0.25%	13,591	$3M	new	+0.25 pp	new
BACBank of America Corporation	0.25%	55,081	$3M	trimmed−4%	−0.03 pp	13 q
IWMiShares Russell 2000 ETF	0.23%	10,281	$3M	trimmed−0%	0.00 pp	45 q
VWOVanguard FTSE Emerging Markets ETF	0.22%	45,178	$2M	added+6%	+0.01 pp	14 q
IVViShares Core S&P 500 ETF	0.20%	3,289	$2M	added0%	0.00 pp	32 q
VOVanguard Morningstar Mid-Cap ETF	0.20%	7,684	$2M	added+52%	+0.07 pp	10 q
INTUIntuit Inc	0.15%	3,693	$2M	added×8.2	+0.12 pp	13 q
EFAiShares MSCI EAFE ETF	0.13%	14,855	$1M	added0%	0.00 pp	27 q
NVDANvidia Corp	0.13%	7,855	$1M	trimmed−2%	−0.01 pp	12 q
VUGVanguard Morningstar Growth ETF	0.13%	3,291	$1M	added+5%	−0.01 pp	27 q
IWDiShares Russell 1000 Value ETF	0.12%	6,306	$1M	added0%	0.00 pp	14 q
GOOGLAlphabet Inc. Class A	0.10%	3,922	$1M	trimmed−1%	−0.01 pp	22 q
VTIVanguard Morningstar Total Stock Market ETF	0.09%	3,134	$1M	held	—	12 q
AXPAmerican Express Company	0.08%	2,996	$906,232	trimmed−2%	−0.02 pp	52 q
QQQInvesco QQQ Trust, Series 1	0.08%	1,464	$844,711	added+1%	0.00 pp	24 q
AFLAflac Inc.	0.06%	6,253	$686,051	added0%	0.00 pp	52 q
XOMExxon Mobil Corp	0.06%	3,842	$651,791	trimmed−20%	+0.01 pp	52 q
SPYXState Street SPDR S&P 500 Fossil Fuel Reserves Free ETF	0.06%	12,504	$663,095	trimmed−4%	−0.01 pp	17 q
VIGVanguard Dividend Appreciation ETF	0.06%	3,267	$702,706	trimmed−8%	−0.01 pp	24 q
VONGVanguard Russell 1000 Growth ETF	0.06%	6,100	$669,109	new	+0.06 pp	new
COFCapital One Financial	0.05%	3,178	$579,763	held	—	52 q
COSTCostco Wholesale Corp	0.05%	559	$556,568	trimmed−1%	+0.01 pp	13 q
ESGDiShares Trust iShares ESG Aware MSCI EAFE ETF	0.05%	5,961	$569,991	trimmed−1%	0.00 pp	17 q
SDYState Street SPDR S&P Dividend ETF	0.05%	3,782	$552,006	added0%	0.00 pp	32 q
ASTSAST SpaceMobile, Inc. Class A	0.04%	5,380	$445,841	trimmed−9%	0.00 pp	4 q
APHAmphenol Corporation	0.04%	3,056	$386,126	held	—	6 q
CVSCvs Health Corporation	0.04%	6,175	$443,489	held	—	52 q
JNJJohnson & Johnson	0.04%	1,622	$396,482	trimmed−48%	−0.02 pp	52 q
GLDSPDR Gold Trust, SPDR Gold Shares	0.04%	984	$423,405	trimmed−8%	0.00 pp	18 q
WMTWalmart Inc.	0.04%	3,191	$396,585	trimmed−14%	0.00 pp	24 q
AVGOBroadcom Inc.	0.03%	1,099	$340,151	held	—	4 q
DHRDanaher Corporation	0.03%	1,693	$320,993	trimmed−1%	−0.01 pp	14 q
IJHiShares Core S&P Mid-Cap ETF	0.03%	5,125	$346,091	added0%	0.00 pp	4 q
IWNiShares Russell 2000 Value ETF	0.03%	1,765	$334,626	held	—	7 q
IEMGiShares Core MSCI Emerging Markets ETF	0.03%	4,162	$290,313	added+8%	+0.01 pp	24 q
LLYEli Lilly & Co.	0.03%	311	$285,592	trimmed−4%	0.00 pp	9 q
MCDMcDonald's Corporation	0.03%	1,094	$339,927	added0%	0.00 pp	13 q
NUENucor Corporation	0.03%	1,868	$315,879	trimmed−24%	−0.01 pp	7 q
PLTRPalantir Technologies Inc. Class A	0.03%	2,313	$338,346	held	—	4 q
SPYGState Street SPDR Portfolio S&P 500 Growth ETF	0.03%	3,047	$298,332	added+2%	0.00 pp	10 q
XLKState Street Technology Select Sector SPDR ETF	0.03%	2,316	$307,804	held	—	13 q
VBVanguard Morningstar Small-Cap ETF	0.03%	1,149	$300,866	added0%	0.00 pp	13 q
VVISA Inc.	0.03%	1,149	$347,368	held	—	13 q
ETNEaton Corporation, plc	0.03%	862	$308,312	held	—	10 q
CLColgate-Palmolive Company	0.02%	2,383	$203,103	new	+0.02 pp	new
QQQMInvesco NASDAQ 100 ETF	0.02%	1,054	$250,451	held	—	5 q
IWBiShares Russell 1000 ETF	0.02%	698	$248,781	added0%	0.00 pp	9 q
MPCMarathon Petroleum Corporation	0.02%	854	$208,530	new	+0.02 pp	new
MRKMerck & Co., Inc.	0.02%	1,671	$201,005	trimmed−42%	−0.01 pp	52 q
SKYXSKYX Platforms Corp.	0.02%	201,666	$225,866	held	—	15 q
SCHDSchwab US Dividend Equity ETF	0.02%	6,521	$200,052	new	+0.02 pp	new
AONAon plc Class A	0.02%	648	$209,161	held	—	6 q
CGENCompugen Ltd	0.02%	93,833	$199,864	held	—	50 q
DCGODocGo Inc.	0.01%	100,000	$62,910	held	—	6 q
MRKRMarker Therapeutics, Inc.	0.00%	15,000	$19,500	held	—	18 q
SCWO374Water Inc.	0.00%	10,000	$28,400	held	—	2 q
LHXL3Harris Technologies, Inc.	—	−40,674	—	exited	−1.07 pp	—
GDGeneral Dynamics Corporation	—	−29,725	—	exited	−0.90 pp	—
CSCOCisco Systems, Inc. (DE)	—	−112,308	—	exited	−0.78 pp	—
ZBHZimmer Biomet Holdings, Inc.	—	−30,032	—	exited	−0.24 pp	—
BMYBristol-Myers Squibb Co.	—	−3,929	—	exited	−0.02 pp	—
IBMInternational Business Machines Corporation	—	−819	—	exited	−0.02 pp	—
TSLATesla, Inc.	—	−504	—	exited	−0.02 pp	—
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	—	−721	—	exited	−0.02 pp	—