Matrix Asset Advisors

Q2 2026 13F · by David Katz, CIO

As of: Jun 30, 2026
Filed: Jul 15, 2026
US stock: $1.2B · prev $1.1B
Positions: 106 · prev 105
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%

Moves92 since the prior filing

+2.0 pp in · −2.0 pp out

New 5 +0.43 pp
Added 42 +1.53 pp
Trimmed 41 −0.52 pp
Exited 4 −1.45 pp

The book

Focused · behaves like 39 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 27% a year, about 3.8 years per position

Low
Moderate
High

Top 5 positions21% of US stock

Positions106 in this filing · 4 exited


MSFTMicrosoft Corp	5.24%	172,878	$64M	added+1%	−0.58 pp	53+ q
MAVFMatrix Advisors Value ETF	4.41%	400,490	$54M	trimmed−2%	−0.02 pp	6 q
GOOGAlphabet Inc. Class C	3.90%	135,829	$48M	trimmed−6%	+0.11 pp	41 q
PNCPNC Financial Services Group	3.78%	188,868	$47M	trimmed−1%	+0.13 pp	30 q
QCOMQualcomm Inc	3.66%	243,892	$45M	trimmed−15%	+0.27 pp	52 q
AAPLApple Inc.	3.58%	152,173	$44M	trimmed−1%	+0.01 pp	52 q
JPMJPMorgan Chase & Co.	3.54%	132,893	$43M	trimmed−1%	−0.09 pp	53+ q
MSMorgan Stanley	3.54%	208,042	$43M	trimmed−13%	−0.05 pp	53+ q
USBU.S. Bancorp	3.45%	701,703	$42M	trimmed−1%	+0.07 pp	25 q
AMGNAmgen Inc	3.03%	102,817	$37M	added+3%	−0.19 pp	22 q
PEPPepsiCo, Inc.	2.95%	268,055	$36M	added+11%	−0.49 pp	10 q
AMATApplied Materials Inc	2.82%	48,044	$35M	trimmed−18%	+0.98 pp	5 q
MDTMedtronic plc	2.76%	433,672	$34M	added+15%	−0.23 pp	18 q
AMZNAmazon.Com Inc	2.59%	133,816	$32M	trimmed−1%	0.00 pp	31 q
GNRCGenerac Holdings Inc	2.55%	107,043	$31M	trimmed−5%	+0.53 pp	6 q
TXNTexas Instruments Incorporated	2.38%	98,361	$29M	trimmed−29%	−0.08 pp	18 q
TSNTyson Foods, Inc.	2.30%	495,030	$28M	added+32%	+0.10 pp	10 q
BNYBank of New York Mellon Corporation	2.06%	174,849	$25M	trimmed−28%	−0.60 pp	21 q
CMCSAComcast Corp	1.98%	991,213	$24M	added+10%	−0.40 pp	43 q
HDHome Depot, Inc.	1.85%	64,544	$23M	added+25%	+0.29 pp	16 q
SBUXStarbucks Corp	1.83%	220,391	$23M	trimmed−1%	0.00 pp	17 q
GSGoldman Sachs Group Inc.	1.82%	22,185	$22M	trimmed−13%	−0.15 pp	39 q
VOOVanguard S&P 500 ETF	1.77%	31,620	$22M	added+4%	+0.10 pp	20 q
PGProcter & Gamble Company	1.75%	146,510	$21M	added×2.9	+1.08 pp	53+ q
METAMeta Platforms, Inc. Class A	1.73%	37,665	$21M	added+14%	0.00 pp	32 q
AEPAmerican Electric Power Company, Inc.	1.72%	154,488	$21M	added+4%	−0.07 pp	19 q
NEENextEra Energy, Inc.	1.69%	237,489	$21M	trimmed−10%	−0.57 pp	12 q
VEAVanguard FTSE Developed Markets ETF	1.63%	280,863	$20M	added+8%	+0.10 pp	22 q
MTBM&T Bank Corp.	1.52%	78,790	$19M	added0%	+0.03 pp	25 q
WFCWells Fargo & Co.	1.46%	218,006	$18M	added+1%	−0.12 pp	53+ q
LOWLowe's Companies Inc.	1.43%	79,680	$18M	added+22%	+0.02 pp	9 q
VYMVanguard High Dividend Yield ETF	1.42%	110,817	$18M	added+6%	+0.01 pp	25 q
LMTLockheed Martin Corp.	1.38%	33,411	$17M	added+1%	−0.45 pp	4 q
TELTE Connectivity plc	1.24%	75,939	$15M	added×2.3	+0.61 pp	8 q
TGTTarget Corporation	1.21%	114,213	$15M	trimmed−21%	−0.39 pp	6 q
TMOThermo Fisher Scientific, Inc.	1.13%	27,668	$14M	added+23%	+0.11 pp	53+ q
IWFiShares Russell 1000 Growth ETF	1.08%	106,505	$13M	trimmed−0%	+0.03 pp	22 q
ADPAutomatic Data Processing	1.02%	56,001	$13M	added×4.1	+0.77 pp	2 q
PYPLPayPal Holdings, Inc.	0.92%	262,618	$11M	trimmed−2%	−0.19 pp	18 q
STZConstellation Brands, Inc.	0.84%	74,277	$10M	added+60%	+0.20 pp	4 q
IJRiShares Core S&P Small-Cap ETF	0.84%	69,439	$10M	added+2%	+0.06 pp	21 q
ABBVAbbvie Inc.	0.80%	39,070	$10M	trimmed−0%	+0.02 pp	43 q
NKENike, Inc.	0.75%	223,565	$9M	added+68%	+0.11 pp	2 q
VTVVanguard Morningstar Value ETF	0.60%	33,804	$7M	added+15%	+0.07 pp	11 q
IWRiShares Russell Mid-Cap ETF	0.53%	59,093	$7M	trimmed−1%	0.00 pp	20 q
BRK.BBERKSHIRE HATHAWAY Class B	0.47%	11,645	$6M	added0%	−0.04 pp	53+ q
ABTAbbott Laboratories	0.35%	47,262	$4M	new	+0.35 pp	new
MDYState Street SPDR S&P MIDCAP 400 ETF Trust	0.34%	5,926	$4M	trimmed−1%	0.00 pp	22 q
TCHPT. Rowe Price Blue Chip Growth ETF	0.31%	76,038	$4M	trimmed−0%	0.00 pp	15 q
MCDMcDonald's Corporation	0.27%	12,335	$3M	added×11.3	+0.24 pp	14 q
BACBank of America Corporation	0.25%	52,984	$3M	trimmed−4%	0.00 pp	14 q
IWMiShares Russell 2000 ETF	0.25%	10,097	$3M	trimmed−2%	+0.02 pp	46 q
VOVanguard Morningstar Mid-Cap ETF	0.25%	37,472	$3M	added+22%	+0.05 pp	11 q
INTUIntuit Inc	0.23%	10,770	$3M	added×2.9	+0.08 pp	14 q
VWOVanguard FTSE Emerging Markets ETF	0.22%	45,534	$3M	added+1%	0.00 pp	15 q
IVViShares Core S&P 500 ETF	0.20%	3,342	$3M	added+2%	0.00 pp	33 q
EFAiShares MSCI EAFE ETF	0.13%	14,881	$2M	added0%	0.00 pp	28 q
VUGVanguard Morningstar Growth ETF	0.13%	18,563	$2M	trimmed−6%	0.00 pp	28 q
IWDiShares Russell 1000 Value ETF	0.12%	6,265	$2M	trimmed−1%	0.00 pp	15 q
VONGVanguard Russell 1000 Growth ETF	0.12%	11,689	$1M	added+92%	+0.06 pp	2 q
ACNAccenture PLC	0.12%	12,287	$2M	trimmed−63%	−0.48 pp	14 q
GOOGLAlphabet Inc. Class A	0.11%	3,907	$1M	trimmed−0%	+0.01 pp	23 q
NVDANvidia Corp	0.10%	6,090	$1M	trimmed−22%	−0.03 pp	13 q
QQQInvesco QQQ Trust, Series 1	0.09%	1,491	$1M	added+2%	+0.01 pp	25 q
VTIVanguard Morningstar Total Stock Market ETF	0.09%	3,076	$1M	trimmed−2%	0.00 pp	13 q
AXPAmerican Express Company	0.08%	2,836	$959,279	trimmed−5%	0.00 pp	53+ q
SPYXState Street SPDR S&P 500 Fossil Fuel Reserves Free ETF	0.07%	13,385	$817,841	added+7%	+0.01 pp	18 q
AFLAflac Inc.	0.06%	6,264	$734,451	added0%	0.00 pp	53+ q
VIGVanguard Dividend Appreciation ETF	0.06%	3,180	$752,475	trimmed−3%	0.00 pp	25 q
CVSCvs Health Corporation	0.05%	6,175	$638,804	held	—	53+ q
COFCapital One Financial	0.05%	3,178	$637,570	held	—	53+ q
ESGDiShares Trust iShares ESG Aware MSCI EAFE ETF	0.05%	6,481	$666,312	added+9%	0.00 pp	18 q
SDYState Street SPDR S&P Dividend ETF	0.05%	3,785	$575,980	added0%	0.00 pp	33 q
ASTSAST SpaceMobile, Inc. Class A	0.04%	5,380	$478,067	held	—	5 q
APHAmphenol Corporation	0.04%	3,056	$538,834	held	—	7 q
COSTCostco Wholesale Corp	0.04%	551	$515,137	trimmed−1%	−0.01 pp	14 q
XOMExxon Mobil Corp	0.04%	3,749	$512,595	trimmed−2%	−0.02 pp	53+ q
XLKState Street Technology Select Sector SPDR ETF	0.04%	2,316	$441,258	held	—	14 q
AVGOBroadcom Inc.	0.03%	1,118	$422,325	added+2%	0.00 pp	5 q
DHRDanaher Corporation	0.03%	1,681	$320,197	trimmed−1%	0.00 pp	15 q
IJHiShares Core S&P Mid-Cap ETF	0.03%	5,472	$421,946	added+7%	0.00 pp	5 q
IWNiShares Russell 2000 Value ETF	0.03%	1,765	$390,418	held	—	8 q
IEMGiShares Core MSCI Emerging Markets ETF	0.03%	3,988	$330,406	trimmed−4%	0.00 pp	25 q
JNJJohnson & Johnson	0.03%	1,622	$411,939	held	—	53+ q
LLYEli Lilly & Co.	0.03%	311	$372,488	held	—	10 q
GLDSPDR Gold Trust, SPDR Gold Shares	0.03%	998	$367,643	added+1%	−0.01 pp	19 q
SPYGState Street SPDR Portfolio S&P 500 Growth ETF	0.03%	3,047	$362,563	held	—	11 q
VBVanguard Morningstar Small-Cap ETF	0.03%	1,149	$348,282	held	—	14 q
VVISA Inc.	0.03%	1,120	$384,142	trimmed−3%	0.00 pp	14 q
WMTWalmart Inc.	0.03%	3,191	$361,419	held	—	25 q
ETNEaton Corporation, plc	0.03%	862	$367,315	held	—	11 q
CLColgate-Palmolive Company	0.02%	2,383	$218,473	held	—	2 q
IBMInternational Business Machines Corporation	0.02%	755	$212,450	new	+0.02 pp	new
RSPInvesco S&P 500 Equal Weight ETF	0.02%	1,150	$244,686	new	+0.02 pp	new
QQQMInvesco NASDAQ 100 ETF	0.02%	763	$231,166	trimmed−28%	0.00 pp	6 q
IWBiShares Russell 1000 ETF	0.02%	698	$285,802	held	—	10 q
EMXCiShares MSCI Emerging Markets ex China ETF	0.02%	2,292	$234,472	new	+0.02 pp	new
MPCMarathon Petroleum Corporation	0.02%	854	$218,342	held	—	2 q
MRKMerck & Co., Inc.	0.02%	1,671	$214,724	held	—	53+ q
NUENucor Corporation	0.02%	1,368	$304,722	trimmed−27%	−0.01 pp	8 q
PLTRPalantir Technologies Inc. Class A	0.02%	2,063	$240,690	trimmed−11%	−0.01 pp	5 q
SKYXSKYX Platforms Corp.	0.02%	215,000	$237,575	added+7%	0.00 pp	16 q
SCHDSchwab US Dividend Equity ETF	0.02%	6,533	$207,173	added0%	0.00 pp	2 q
TSLATesla, Inc.	0.02%	494	$207,978	new	+0.02 pp	new
AONAon plc Class A	0.02%	648	$214,935	held	—	7 q
CGENCompugen Ltd	0.02%	93,833	$200,803	held	—	51 q
FDXFedEx Corporation	—	−44,099	—	exited	−1.44 pp	—
DCGODocGo Inc.	—	−100,000	—	exited	−0.01 pp	—
MRKRMarker Therapeutics, Inc.	—	−15,000	—	exited	0.00 pp	—
SCWO374Water Inc.	—	−10,000	—	exited	0.00 pp	—