Portfolio holdings of David Katz - Matrix Asset Advisors. David Katz - Matrix Asset Advisors stock picks:. Stock Holdings page.
David Katz - Matrix Asset Advisors
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Our Investment Process
Matrix employs Benjamin Graham’s value investment precepts as the predominant guide in our investment process. Our primary objective is to identify a diversified group of financially strong companies, each of whose stock we feel is traded at a substantial discount to its intrinsic value; i.e., the price an astute entrepreneur would pay to acquire a business outright.
We call ourselves “Opportunistic Value Investors” because we are willing to scan the entire economic spectrum for potential investment candidates. Unlike some of our peers, we believe that value can be found in all sectors and industries. We therefore do not a priori rule out any sector; conversely we do not feel the need to have a presence in any particular sector.
The core effort in our research process is to determine a realistic intrinsic value for a company’s stock and then, if fundamentally attractive, to purchase the stock at a substantial discount to this intrinsic value.
Our focus is on large capitalization stocks, and our expectation is that we will typically hold them for one to three years.
Matrix employs Benjamin Graham’s value investment precepts as the predominant guide in our investment process. Our primary objective is to identify a diversified group of financially strong companies, each of whose stock we feel is traded at a substantial discount to its intrinsic value; i.e., the price an astute entrepreneur would pay to acquire a business outright.
We call ourselves “Opportunistic Value Investors” because we are willing to scan the entire economic spectrum for potential investment candidates. Unlike some of our peers, we believe that value can be found in all sectors and industries. We therefore do not a priori rule out any sector; conversely we do not feel the need to have a presence in any particular sector.
The core effort in our research process is to determine a realistic intrinsic value for a company’s stock and then, if fundamentally attractive, to purchase the stock at a substantial discount to this intrinsic value.
Our focus is on large capitalization stocks, and our expectation is that we will typically hold them for one to three years.
Period: Q1 2024
Portfolio date: 31 Mar 2024
No. of stocks: 100
Portfolio value: $836,483,000
History | Stock | % of Portfolio |
RecentActivity | Shares | ReportedPrice* | Value | Current Price |
+/-Reported Price |
52Week Low |
52Week High |
|
≡ | MSFT - Microsoft Corp. | 7.19 | Reduce 1.39% | 142,956 | $420.72 | $60,144,000 | $429.59 | 2.11% | $305.96 | $429.27 | |
≡ | JPM - JPMorgan Chase & Co. | 4.41 | Reduce 11.51% | 184,245 | $200.30 | $36,904,000 | $197.92 | -1.19% | $130.93 | $205.88 | |
≡ | QCOM - QUALCOMM Inc. | 3.71 | Reduce 9.73% | 183,356 | $169.30 | $31,042,000 | $201.31 | 18.91% | $96.45 | $199.99 | |
≡ | BK - Bank of New York Mellon Corp. | 3.63 | Reduce 1.90% | 526,456 | $57.62 | $30,334,000 | $58.98 | 2.36% | $38.55 | $59.70 | |
≡ | CMCSA - Comcast Corp. | 3.46 | Add 5.19% | 668,512 | $43.35 | $28,980,000 | $39.44 | -9.02% | $36.43 | $46.42 | |
≡ | MS - Morgan Stanley | 3.44 | Reduce 0.17% | 305,900 | $94.16 | $28,804,000 | $101.57 | 7.87% | $68.04 | $101.92 | |
≡ | PNC - PNC Financial Services | 3.44 | Add 2.54% | 178,060 | $161.60 | $28,774,000 | $157.57 | -2.49% | $107.20 | $162.07 | |
≡ | USB - U.S. Bancorp | 3.34 | Add 8.13% | 624,294 | $44.70 | $27,906,000 | $40.98 | -8.32% | $27.83 | $44.91 | |
≡ | ABBV - AbbVie Inc. | 3.11 | Reduce 13.06% | 142,956 | $182.10 | $26,032,000 | $162.79 | -10.60% | $125.85 | $181.20 | |
≡ | CSCO - Cisco Systems | 3.02 | Add 1.55% | 505,833 | $49.91 | $25,246,000 | $47.05 | -5.73% | $45.12 | $56.01 | |
≡ | GOOG - Alphabet Inc. CL C | 3.00 | Reduce 2.96% | 164,655 | $152.26 | $25,070,000 | $178.45 | 17.20% | $115.83 | $179.95 | |
≡ | AAPL - Apple Inc. | 2.86 | Add 0.31% | 139,292 | $171.48 | $23,886,000 | $192.13 | 12.04% | $163.63 | $198.57 | |
≡ | GILD - Gilead Sciences | 2.73 | Add 4.78% | 311,545 | $73.25 | $22,821,000 | $67.00 | -8.53% | $64.33 | $86.09 | |
≡ | CVS - CVS Health Corp. | 2.71 | Reduce 2.55% | 283,744 | $79.76 | $22,631,000 | $57.23 | -28.25% | $53.70 | $81.71 | |
≡ | AMZN - Amazon.com Inc. | 2.66 | Reduce 2.73% | 123,524 | $180.38 | $22,281,000 | $181.80 | 0.79% | $113.78 | $191.70 | |
≡ | META - Meta Platforms Inc. | 2.43 | Reduce 12.49% | 41,787 | $485.58 | $20,291,000 | $462.95 | -4.66% | $244.43 | $531.49 | |
≡ | AEP - American Electric Power | 2.40 | Add 42.82% | 233,394 | $86.10 | $20,095,000 | $92.88 | 7.87% | $65.01 | $92.98 | |
≡ | GS - Goldman Sachs Group | 2.04 | Reduce 2.96% | 40,779 | $417.69 | $17,033,000 | $470.34 | 12.61% | $284.98 | $471.48 | |
≡ | HD - Home Depot | 1.95 | Reduce 1.63% | 42,598 | $383.61 | $16,341,000 | $333.17 | -13.15% | $270.81 | $396.87 | |
≡ | MDT - Medtronic plc | 1.90 | Add 7.88% | 182,221 | $87.15 | $15,881,000 | $85.02 | -2.44% | $67.71 | $88.75 | |
≡ | TXN - Texas Instruments | 1.86 | Add 18.59% | 89,170 | $174.21 | $15,534,000 | $199.06 | 14.26% | $133.52 | $199.27 | |
≡ | PYPL - PayPal Holdings Inc. | 1.81 | Add 14.34% | 225,847 | $66.99 | $15,129,000 | $63.88 | -4.64% | $50.25 | $76.54 | |
≡ | NEE - NextEra Energy Inc. | 1.77 | Add 23.50% | 232,039 | $63.91 | $14,830,000 | $76.39 | 19.53% | $46.34 | $77.41 | |
≡ | FDX - FedEx Corp. | 1.74 | Add 28.10% | 50,349 | $289.74 | $14,588,000 | $251.35 | -13.25% | $209.51 | $291.27 | |
≡ | UNP - Union Pacific | 1.74 | Add 0.35% | 59,115 | $245.93 | $14,538,000 | $235.83 | -4.11% | $186.31 | $257.33 | |
≡ | TEL - TE Connectivity | 1.67 | Reduce 2.51% | 96,199 | $145.24 | $13,972,000 | $151.94 | 4.61% | $114.01 | $152.31 | |
≡ | WFC - Wells Fargo | 1.66 | Reduce 2.11% | 239,930 | $57.96 | $13,906,000 | $61.33 | 5.81% | $37.56 | $62.55 | |
≡ | MTB - M&T Bank Corp. | 1.61 | Add 0.19% | 92,709 | $145.44 | $13,484,000 | $152.83 | 5.08% | $106.43 | $156.65 | |
≡ | ZBH - Zimmer Biomet Holdings | 1.58 | Reduce 1.95% | 100,181 | $131.98 | $13,222,000 | $119.05 | -9.80% | $101.61 | $146.61 | |
≡ | LHX - L3Harris Technologies Inc. | 1.51 | Reduce 5.64% | 59,103 | $213.10 | $12,595,000 | $225.66 | 5.89% | $158.42 | $225.79 | |
≡ | SBUX - Starbucks Corp. | 1.50 | Add 25.46% | 137,082 | $91.39 | $12,528,000 | $77.73 | -14.95% | $70.72 | $104.78 | |
≡ | UNH - United Health Group Inc. | 1.48 | Add 32.55% | 24,983 | $494.70 | $12,359,000 | $522.09 | 5.54% | $436.38 | $552.52 | |
≡ | TMO - Thermo Fisher Scientific | 1.46 | Reduce 4.35% | 21,011 | $581.22 | $12,212,000 | $589.03 | 1.34% | $415.05 | $603.42 | |
≡ | AMGN - Amgen | 1.40 | Reduce 2.22% | 41,223 | $284.33 | $11,721,000 | $313.36 | 10.21% | $200.69 | $320.06 | |
≡ | GD - General Dynamics | 1.19 | Reduce 2.92% | 35,127 | $282.49 | $9,923,000 | $299.05 | 5.86% | $197.87 | $301.48 | |
≡ | VOO - Vanguard S&P 500 ETF | 1.06 | Add 26.79% | 18,468 | $480.67 | $8,877,000 | $487.13 | 1.34% | $365.40 | $488.61 | |
≡ | PFE - Pfizer Inc. | 0.92 | Add 33.25% | 277,879 | $27.75 | $7,711,000 | $28.44 | 2.49% | $24.83 | $38.23 | |
≡ | VEA - Vanguard FTSE Developed ETF | 0.84 | Add 14.86% | 140,280 | $50.17 | $7,038,000 | $50.99 | 1.63% | $40.18 | $51.28 | |
≡ | RTX - RTX Corp. | 0.83 | Add 28.97% | 70,973 | $97.53 | $6,922,000 | $105.57 | 8.24% | $67.20 | $107.17 | |
≡ | VYM - Vanguard High Dvd Yield ETF | 0.80 | Add 2.53% | 55,642 | $120.99 | $6,732,000 | $120.86 | -0.11% | $94.78 | $121.65 | |
≡ | BDX - Becton Dickinson | 0.77 | Reduce 7.50% | 25,958 | $247.44 | $6,423,000 | $235.56 | -4.80% | $228.00 | $284.02 | |
≡ | DUK - Duke Energy | 0.75 | Add 339.26% | 65,230 | $96.70 | $6,308,000 | $104.06 | 7.61% | $80.38 | $104.60 | |
≡ | FI - Fiserv Inc. | 0.72 | Reduce 49.97% | 37,798 | $159.82 | $6,041,000 | $152.24 | -4.74% | $109.12 | $159.99 | |
≡ | IWF - iShares Russell 1000 Growth ETF | 0.68 | Add 9.48% | 16,753 | $337.07 | $5,647,000 | $344.35 | 2.16% | $246.55 | $345.18 | |
≡ | PARA - Paramount Global CL B | 0.50 | Add 2.10% | 355,859 | $11.77 | $4,188,000 | $12.24 | 3.99% | $10.07 | $17.24 | |
≡ | IWR - Ishares Russell Mid Cap ETF | 0.40 | Add 30.27% | 40,036 | $84.10 | $3,367,000 | $83.10 | -1.19% | $63.93 | $84.33 | |
≡ | TSN - Tyson Foods | 0.38 | Buy | 53,484 | $58.73 | $3,141,000 | $61.00 | 3.87% | $44.07 | $62.04 | |
≡ | MDY - SPDR S&P Midcap 400 ETF Trst | 0.35 | Reduce 4.07% | 5,275 | $556.40 | $2,935,000 | $550.30 | -1.10% | $421.84 | $558.34 | |
≡ | IJR - Ishares Core S&P Small Cap E | 0.31 | Add 47.65% | 23,157 | $110.51 | $2,559,000 | $110.11 | -0.36% | $86.60 | $111.57 | |
≡ | IWM - iShares Russell 2000 ETF | 0.26 | Reduce 1.11% | 10,532 | $210.31 | $2,215,000 | $208.28 | -0.97% | $160.08 | $211.88 | |
≡ | TCHP - T Rowe Price Blue Chip Growth ETF | 0.23 | Add 15.67% | 55,415 | $35.30 | $1,956,000 | $36.39 | 3.09% | $25.14 | $36.45 | |
≡ | PEP - PepsiCo Inc. | 0.18 | Buy | 8,686 | $174.99 | $1,520,000 | $180.90 | 3.38% | $151.16 | $184.02 | |
≡ | VWO - Vanguard FTSE Emerging Marke | 0.18 | Add 8.47% | 36,027 | $41.77 | $1,505,000 | $44.43 | 6.37% | $35.86 | $44.97 | |
≡ | BRK.B - Berkshire Hathaway CL B | 0.14 | Add 0.18% | 2,749 | $420.52 | $1,156,000 | $414.65 | -1.40% | $317.71 | $430.00 | |
≡ | EFA - iShares MSCI EAFE ETF | 0.14 | Add 0.62% | 15,133 | $79.89 | $1,209,000 | $81.50 | 2.02% | $64.06 | $81.93 | |
≡ | IVV - Ishares Core S&P 500 ETF | 0.13 | Add 0.38% | 2,109 | $525.84 | $1,109,000 | $532.58 | 1.28% | $400.86 | $534.24 | |
≡ | VUG - Vanguard Growth ETF | 0.13 | 3,049 | $344.05 | $1,049,000 | $352.51 | 2.46% | $251.57 | $353.19 | ||
≡ | VTI - Vanguard Total Stock Mkt ETF | 0.11 | 3,417 | $259.88 | $888,000 | $262.54 | 1.02% | $198.42 | $263.36 | ||
≡ | GLD - SPDR Gold Trust | 0.10 | 3,966 | $205.75 | $816,000 | $224.18 | 8.96% | $168.30 | $225.66 | ||
≡ | IWD - Ishares Russell 1000 Value E | 0.10 | Add 33.82% | 4,800 | $179.17 | $860,000 | $178.37 | -0.45% | $141.06 | $179.56 | |
≡ | AXP - American Express | 0.09 | 3,228 | $227.70 | $735,000 | $242.56 | 6.53% | $140.02 | $244.41 | ||
≡ | NVDA - NVIDIA Corp. | 0.08 | 760 | $903.95 | $687,000 | $947.19 | 4.78% | $297.95 | $974.00 | ||
≡ | VIG - Vanguard Dividend Apprec ETF | 0.08 | Add 0.86% | 3,619 | $182.65 | $661,000 | $183.43 | 0.43% | $144.90 | $184.34 | |
≡ | AFL - AFLAC Inc. | 0.06 | 6,201 | $85.79 | $532,000 | $87.49 | 1.98% | $63.01 | $88.59 | ||
≡ | JNJ - Johnson & Johnson | 0.06 | Reduce 1.91% | 3,345 | $158.15 | $529,000 | $150.99 | -4.53% | $141.57 | $170.63 | |
≡ | QQQ - Invesco Qqq Trust Series 1 | 0.06 | Add 1.40% | 1,089 | $444.44 | $484,000 | $454.51 | 2.27% | $325.36 | $455.58 | |
≡ | SDY - SPDR S&P Dividend ETF | 0.06 | 3,845 | $131.34 | $505,000 | $131.83 | 0.37% | $108.41 | $132.49 | ||
≡ | XOM - Exxon Mobil Corp. | 0.06 | Reduce 4.21% | 4,342 | $116.31 | $505,000 | $118.22 | 1.64% | $94.12 | $122.75 | |
≡ | COST - Costco Co. | 0.05 | 547 | $733.09 | $401,000 | $797.36 | 8.77% | $449.63 | $804.56 | ||
≡ | DHR - Danaher Corp. | 0.05 | 1,703 | $249.56 | $425,000 | $266.63 | 6.84% | $181.70 | $268.71 | ||
≡ | MRK - Merck & Co. | 0.05 | Reduce 12.93% | 2,862 | $132.08 | $378,000 | $131.07 | -0.76% | $97.81 | $133.10 | |
≡ | SPYX - SPDR S&P 500 Fossil Fuel Res | 0.05 | Reduce 2.25% | 10,372 | $42.81 | $444,000 | $43.34 | 1.24% | $32.52 | $43.46 | |
≡ | BMY - Bristol-Myers Squibb | 0.04 | Add 2.00% | 5,549 | $54.24 | $301,000 | $42.60 | -21.46% | $42.53 | $64.39 | |
≡ | COF - Capital One Financial | 0.04 | 2,414 | $148.72 | $359,000 | $140.16 | -5.76% | $86.97 | $149.30 | ||
≡ | GOOGL - Alphabet Inc. | 0.04 | 2,465 | $150.91 | $372,000 | $176.85 | 17.19% | $115.35 | $178.77 | ||
≡ | INTU - Intuit Inc. | 0.04 | 450 | $651.11 | $293,000 | $669.08 | 2.76% | $395.15 | $671.49 | ||
≡ | MCD - McDonald's Corp. | 0.04 | Reduce 5.83% | 1,067 | $282.10 | $301,000 | $266.86 | -5.40% | $242.88 | $300.68 | |
≡ | PG - Procter & Gamble | 0.04 | Reduce 9.04% | 2,132 | $162.29 | $346,000 | $167.88 | 3.44% | $138.36 | $168.34 | |
≡ | ACN - Accenture | 0.03 | 815 | $346.01 | $282,000 | $303.92 | -12.16% | $280.58 | $386.02 | ||
≡ | BA - Boeing Co. | 0.03 | Reduce 3.70% | 1,094 | $192.87 | $211,000 | $184.96 | -4.10% | $159.70 | $267.54 | |
≡ | BAC - Bank of America Corp. | 0.03 | Reduce 3.92% | 7,111 | $37.97 | $270,000 | $39.16 | 3.13% | $24.59 | $39.49 | |
≡ | CGEN - Compugen Ltd | 0.03 | Reduce 17.17% | 90,833 | $2.58 | $234,000 | $1.84 | -28.68% | $0.53 | $3.03 | |
≡ | CL - Colgate-Palmolive | 0.03 | Reduce 1.89% | 2,600 | $90.00 | $234,000 | $94.86 | 5.40% | $66.39 | $95.59 | |
≡ | ESGD - Ishares Trust Ishares Esg Aw | 0.03 | Reduce 2.88% | 3,441 | $79.92 | $275,000 | $81.69 | 2.21% | $64.14 | $82.11 | |
≡ | ETN - Eaton Corp. | 0.03 | 842 | $312.35 | $263,000 | $335.09 | 7.28% | $164.99 | $338.88 | ||
≡ | IBM - International Business Machines | 0.03 | Reduce 23.23% | 1,117 | $190.69 | $213,000 | $173.71 | -8.90% | $119.91 | $197.22 | |
≡ | IEMG - iShares Core MSCI Emerging Markets ETF | 0.03 | Reduce 20.17% | 4,723 | $51.66 | $244,000 | $54.33 | 5.17% | $43.83 | $55.04 | |
≡ | LBAI-OLD - Lakeland Bancorp Inc. | 0.03 | 20,876 | $12.12 | $253,000 | $13.43 | 10.81% | $10.05 | $14.85 | ||
≡ | LLY - Eli Lilly & Co. | 0.03 | Buy | 297 | $777.78 | $231,000 | $804.30 | 3.41% | $416.69 | $816.61 | |
≡ | SPYG - SPDR Portfolio S&P 500 Growt | 0.03 | 3,212 | $73.16 | $235,000 | $75.30 | 2.93% | $54.89 | $75.40 | ||
≡ | V - Visa Inc. | 0.03 | Add 0.10% | 994 | $278.67 | $277,000 | $275.38 | -1.18% | $214.48 | $290.42 | |
≡ | VB - Vanguard Small Cap ETF | 0.03 | 1,078 | $228.20 | $246,000 | $225.04 | -1.38% | $172.02 | $229.54 | ||
≡ | VO - Vanguard Mid Cap ETF | 0.03 | 888 | $250.00 | $222,000 | $248.19 | -0.72% | $191.26 | $250.41 | ||
≡ | VTV - Vanguard Value ETF | 0.03 | Reduce 2.10% | 1,353 | $162.60 | $220,000 | $162.81 | 0.13% | $127.06 | $163.81 | |
≡ | WMT - Walmart Inc. | 0.03 | Reduce 5.91% | 4,841 | $60.11 | $291,000 | $64.91 | 7.99% | $47.66 | $65.15 | |
≡ | XLK - Technology Select Sect SPDR | 0.03 | 1,230 | $208.13 | $256,000 | $214.61 | 3.11% | $151.01 | $214.97 | ||
≡ | IWB - Ishares Russell 1000 ETF | 0.02 | Buy | 721 | $288.49 | $208,000 | $291.07 | 0.89% | $219.54 | $292.00 | |
≡ | NKE - NIKE Inc. | 0.02 | 2,139 | $93.97 | $201,000 | $92.15 | -1.94% | $88.05 | $122.95 | ||
≡ | MRKR - Marker Therapeutics Inc. | 0.01 | 15,000 | $4.33 | $65,000 | $3.97 | -8.31% | $1.16 | $9.68 | ||
≡ | SKYX - Skyx Platforms Corp | 0.01 | Add 333.33% | 65,000 | $1.31 | $85,000 | $0.91 | -30.53% | $0.72 | $3.49 |
* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
Sector % analysis
Financials | 25.77 | |
Information Technology | 16.65 | |
Health Care | 15.57 | |
Technology | 10.00 | |
Consumer Discretionary | 9.63 | |
Industrials | 7.13 | |
Utilities | 4.92 | |
3.93 | ||
Consumer Staples | 3.42 | |
NA | 2.37 | |
Communication Services | 0.50 | |
Services | 0.06 | |
Energy | 0.06 |
Articles & Commentaries
20 May 2024 Matrix Asset Advisors Q1 2024 Commentary
20 Nov 2023 Matrix Asset Advisors Q3 2023 Commentary
10 Nov 2023 Mattix's David Katz discusses his stock picks
04 Aug 2023 Matrix Asset Advisors Q2 2023 Commentary
09 Jun 2023 Matrix Asset Advisors’ David Katz on the markets
04 May 2023 Matrix Asset Advisors Q1 2023 Commentary
16 Feb 2023 Matrix Asset Advisors Q4 2022 Commentary
23 Dec 2022 Matrix Asset's Katz on large tech stocks
18 Nov 2022 Matrix Asset Advisors Q3 2022 Commentary
11 Sep 2022 David Katz, President and CIO of Matrix Asset Advisors, talks about the markets and investment strategies
23 Aug 2022 Matrix Asset Advisors Q2 2022 Market Commentary
18 Jul 2022 David Katz picks Booking Holdings (BKNG), Air Products (APD), FedEx (FDX), Medtronic (MDT)
07 Feb 2022 David Katz of Matrix Advisors on his picks: Goldman Sachs, Medtronic, Thermo Fisher, Alphabet
01 Feb 2022 Matrix Asset Advisors David Katz's top picks: Goldman Sachs, Medtronic, US Bancorp, Facebook, Google
30 Sep 2021 Matrix's David Katz on CNBC
21 Sep 2021 Matrix Advisors' David Katz on his top Q4 picks, Qualcomm, US Bancorp, ViacomCBS, Fiserv