Matrix Asset Advisors

Q3 2026 13F · by David Katz, CIO

As of: Sep 30, 2026
Filed: Oct 13, 2026
US stock: $1.2B · prev $1.2B
Positions: 100 · prev 106
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%

Moves87 since the prior filing

+5.1 pp in · −5.1 pp out

New 1 +0.93 pp
Added 38 +4.17 pp
Trimmed 41 −2.66 pp
Exited 7 −2.44 pp

The book

Focused · behaves like 36 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 18% a year, about 5.4 years per position

Low
Moderate
High

Top 5 positions24% of US stock

Positions100 in this filing · 7 exited


MSFTMicrosoft Corp	7.31%	173,012	$89M	added0%	+2.07 pp	54+ q
MAVFMatrix Advisors Value ETF	4.53%	399,163	$55M	trimmed−0%	+0.12 pp	7 q
AAPLApple Inc.	4.14%	150,926	$50M	trimmed−1%	+0.56 pp	53 q
QCOMQualcomm Inc	3.95%	260,589	$48M	added+7%	+0.29 pp	53 q
GOOGAlphabet Inc. Class C	3.85%	137,196	$47M	added+1%	−0.05 pp	42 q
JPMJPMorgan Chase & Co.	3.52%	129,211	$43M	trimmed−3%	−0.02 pp	54+ q
MSMorgan Stanley	3.18%	205,191	$39M	trimmed−1%	−0.36 pp	54+ q
PNCPNC Financial Services Group	3.18%	173,623	$39M	trimmed−8%	−0.60 pp	31 q
USBU.S. Bancorp	3.17%	666,736	$39M	trimmed−5%	−0.28 pp	26 q
PEPPepsiCo, Inc.	3.11%	297,512	$38M	added+11%	+0.16 pp	11 q
MDTMedtronic plc	3.03%	426,624	$37M	trimmed−2%	+0.27 pp	19 q
AMGNAmgen Inc	2.91%	83,919	$35M	trimmed−18%	−0.12 pp	23 q
AMZNAmazon.Com Inc	2.82%	137,391	$34M	added+3%	+0.23 pp	32 q
TSNTyson Foods, Inc.	2.42%	582,286	$29M	added+18%	+0.12 pp	11 q
METAMeta Platforms, Inc. Class A	2.31%	38,581	$28M	added+2%	+0.58 pp	33 q
TXNTexas Instruments Incorporated	2.23%	96,778	$27M	trimmed−2%	−0.15 pp	19 q
AMATApplied Materials Inc	2.02%	47,847	$24M	trimmed−0%	−0.80 pp	6 q
BNYBank of New York Mellon Corporation	1.90%	159,110	$23M	trimmed−9%	−0.16 pp	22 q
VOOVanguard S&P 500 ETF	1.87%	32,442	$23M	added+3%	+0.10 pp	21 q
GNRCGenerac Holdings Inc	1.85%	108,756	$23M	added+2%	−0.70 pp	7 q
CMCSAComcast Corp	1.82%	1,017,294	$22M	added+3%	−0.16 pp	44 q
PGProcter & Gamble Company	1.79%	149,907	$22M	added+2%	+0.04 pp	54+ q
AEPAmerican Electric Power Company, Inc.	1.76%	179,543	$21M	added+16%	+0.04 pp	20 q
VEAVanguard FTSE Developed Markets ETF	1.69%	290,612	$21M	added+3%	+0.06 pp	23 q
SBUXStarbucks Corp	1.66%	214,901	$20M	trimmed−2%	−0.17 pp	18 q
NEENextEra Energy, Inc.	1.63%	261,183	$20M	added+10%	−0.06 pp	13 q
TELTE Connectivity plc	1.56%	89,907	$19M	added+18%	+0.32 pp	9 q
GSGoldman Sachs Group Inc.	1.54%	20,804	$19M	trimmed−6%	−0.28 pp	40 q
HDHome Depot, Inc.	1.54%	65,766	$19M	added+2%	−0.31 pp	17 q
VYMVanguard High Dividend Yield ETF	1.46%	113,875	$18M	added+3%	+0.04 pp	26 q
WFCWells Fargo & Co.	1.43%	216,761	$17M	trimmed−1%	−0.03 pp	54+ q
TMOThermo Fisher Scientific, Inc.	1.33%	23,947	$16M	trimmed−13%	+0.20 pp	54+ q
LOWLowe's Companies Inc.	1.31%	86,232	$16M	added+8%	−0.12 pp	10 q
MCDMcDonald's Corporation	1.20%	63,006	$15M	added×5.1	+0.93 pp	15 q
ADPAutomatic Data Processing	1.15%	54,310	$14M	trimmed−3%	+0.13 pp	3 q
MTBM&T Bank Corp.	1.14%	63,754	$14M	trimmed−19%	−0.38 pp	26 q
PYPLPayPal Holdings, Inc.	1.13%	261,642	$14M	trimmed−0%	+0.21 pp	19 q
IWFiShares Russell 1000 Growth ETF	1.09%	105,814	$13M	trimmed−1%	+0.01 pp	23 q
UBERUber Technologies, Inc.	0.93%	164,010	$11M	new	+0.93 pp	new
STZConstellation Brands, Inc.	0.84%	90,009	$10M	added+21%	0.00 pp	5 q
IJRiShares Core S&P Small-Cap ETF	0.77%	69,038	$9M	trimmed−1%	−0.07 pp	22 q
ABBVAbbvie Inc.	0.73%	33,896	$9M	trimmed−13%	−0.07 pp	44 q
VTVVanguard Morningstar Value ETF	0.64%	36,068	$8M	added+7%	+0.04 pp	12 q
TGTTarget Corporation	0.56%	43,192	$7M	trimmed−62%	−0.65 pp	7 q
BRK.BBERKSHIRE HATHAWAY Class B	0.52%	12,645	$6M	added+9%	+0.05 pp	54+ q
IWRiShares Russell Mid-Cap ETF	0.52%	59,303	$6M	added0%	−0.01 pp	21 q
ABTAbbott Laboratories	0.43%	52,805	$5M	added+12%	+0.08 pp	2 q
ACNAccenture PLC	0.33%	21,928	$4M	added+78%	+0.21 pp	15 q
TCHPT. Rowe Price Blue Chip Growth ETF	0.32%	75,866	$4M	trimmed−0%	+0.01 pp	16 q
MDYState Street SPDR S&P MIDCAP 400 ETF Trust	0.31%	5,787	$4M	trimmed−2%	−0.03 pp	23 q
VONGVanguard Russell 1000 Growth ETF	0.27%	25,043	$3M	added×2.1	+0.15 pp	3 q
VOVanguard Morningstar Mid-Cap ETF	0.27%	41,182	$3M	added+10%	+0.02 pp	12 q
BACBank of America Corporation	0.24%	52,484	$3M	trimmed−1%	−0.01 pp	15 q
VWOVanguard FTSE Emerging Markets ETF	0.23%	47,247	$3M	added+4%	+0.01 pp	16 q
IWMiShares Russell 2000 ETF	0.22%	9,808	$3M	trimmed−3%	−0.03 pp	47 q
IVViShares Core S&P 500 ETF	0.21%	3,345	$3M	added0%	+0.01 pp	34 q
VUGVanguard Morningstar Growth ETF	0.14%	18,647	$2M	added0%	+0.01 pp	29 q
EFAiShares MSCI EAFE ETF	0.13%	14,878	$2M	trimmed−0%	0.00 pp	29 q
IWDiShares Russell 1000 Value ETF	0.13%	6,191	$2M	trimmed−1%	+0.01 pp	16 q
GOOGLAlphabet Inc. Class A	0.11%	3,907	$1M	held	—	24 q
NVDANvidia Corp	0.11%	5,970	$1M	trimmed−2%	+0.01 pp	14 q
QQQInvesco QQQ Trust, Series 1	0.09%	1,493	$1M	added0%	0.00 pp	26 q
VTIVanguard Morningstar Total Stock Market ETF	0.09%	3,023	$1M	trimmed−2%	0.00 pp	14 q
AXPAmerican Express Company	0.07%	2,836	$862,429	held	—	54+ q
SPYXState Street SPDR S&P 500 Fossil Fuel Reserves Free ETF	0.07%	13,499	$843,444	added+1%	0.00 pp	19 q
AFLAflac Inc.	0.06%	6,274	$701,353	added0%	0.00 pp	54+ q
ESGDiShares Trust iShares ESG Aware MSCI EAFE ETF	0.06%	6,578	$677,863	added+2%	+0.01 pp	19 q
VIGVanguard Dividend Appreciation ETF	0.06%	3,164	$738,417	trimmed−1%	0.00 pp	26 q
APHAmphenol Corporation	0.05%	6,590	$555,517	added+8%	+0.01 pp	8 q
COFCapital One Financial	0.05%	3,285	$634,270	added+3%	0.00 pp	54+ q
XOMExxon Mobil Corp	0.05%	3,521	$573,072	trimmed−6%	+0.01 pp	54+ q
SDYState Street SPDR S&P Dividend ETF	0.05%	3,787	$554,751	added0%	0.00 pp	34 q
CVSCvs Health Corporation	0.04%	6,175	$529,136	held	—	54+ q
COSTCostco Wholesale Corp	0.04%	551	$501,409	held	—	15 q
JNJJohnson & Johnson	0.04%	1,622	$429,408	held	—	54+ q
XLKState Street Technology Select Sector SPDR ETF	0.04%	2,316	$453,371	held	—	15 q
ASTSAST SpaceMobile, Inc. Class A	0.03%	5,380	$316,667	held	—	6 q
AVGOBroadcom Inc.	0.03%	1,118	$392,630	held	—	6 q
DHRDanaher Corporation	0.03%	1,681	$372,426	held	—	16 q
IJHiShares Core S&P Mid-Cap ETF	0.03%	5,472	$393,710	held	—	6 q
IWNiShares Russell 2000 Value ETF	0.03%	1,765	$369,679	held	—	9 q
IEMGiShares Core MSCI Emerging Markets ETF	0.03%	3,988	$323,705	held	—	26 q
LLYEli Lilly & Co.	0.03%	305	$352,453	trimmed−2%	0.00 pp	11 q
MPCMarathon Petroleum Corporation	0.03%	854	$337,689	held	—	3 q
PLTRPalantir Technologies Inc. Class A	0.03%	1,763	$329,769	trimmed−15%	+0.01 pp	6 q
GLDSPDR Gold Trust, SPDR Gold Shares	0.03%	984	$374,747	trimmed−1%	0.00 pp	20 q
SPYGState Street SPDR Portfolio S&P 500 Growth ETF	0.03%	3,047	$375,025	held	—	12 q
VBVanguard Morningstar Small-Cap ETF	0.03%	1,149	$326,962	held	—	15 q
VVISA Inc.	0.03%	1,106	$397,399	trimmed−1%	0.00 pp	15 q
WMTWalmart Inc.	0.03%	3,191	$331,615	held	—	26 q
ETNEaton Corporation, plc	0.03%	762	$327,439	trimmed−12%	0.00 pp	12 q
RSPInvesco S&P 500 Equal Weight ETF	0.02%	1,150	$239,223	held	—	2 q
QQQMInvesco NASDAQ 100 ETF	0.02%	763	$232,440	held	—	7 q
IWBiShares Russell 1000 ETF	0.02%	599	$249,539	trimmed−14%	0.00 pp	11 q
EMXCiShares MSCI Emerging Markets ex China ETF	0.02%	2,292	$227,091	held	—	2 q
MRKMerck & Co., Inc.	0.02%	1,621	$235,548	trimmed−3%	0.00 pp	54+ q
NUENucor Corporation	0.02%	1,063	$248,476	trimmed−22%	0.00 pp	9 q
SKYXSKYX Platforms Corp.	0.02%	177,590	$204,229	trimmed−17%	0.00 pp	17 q
SCHDSchwab US Dividend Equity ETF	0.02%	6,579	$214,038	added+1%	0.00 pp	3 q
CGENCompugen Ltd	0.02%	93,833	$223,323	held	—	52 q
LMTLockheed Martin Corp.	—	−33,411	—	exited	−1.38 pp	—
NKENike, Inc.	—	−223,565	—	exited	−0.75 pp	—
INTUIntuit Inc	—	−10,770	—	exited	−0.23 pp	—
CLColgate-Palmolive Company	—	−2,383	—	exited	−0.02 pp	—
IBMInternational Business Machines Corporation	—	−755	—	exited	−0.02 pp	—
TSLATesla, Inc.	—	−494	—	exited	−0.02 pp	—
AONAon plc Class A	—	−648	—	exited	−0.02 pp	—