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 2025
Portfolio date: 31 Mar 2025
No. of stocks: 105
Portfolio value: $906,304,000
| History | Stock | % of Portfolio |
RecentActivity | Shares | ReportedPrice* | Value | Current Price |
+/-Reported Price |
52Week Low |
52Week High |
|
| ≡ | MSFT - Microsoft Corp. | 5.93 | Add 1.41% | 143,085 | $375.39 | $53,713,000 | $394.04 | 4.97% | $344.79 | $465.64 | |
| ≡ | MAVF - Matrix Advisors Value ETF | 4.50 | Buy | 422,381 | $96.53 | $40,771,000 | $94.70 | -1.90% | $84.75 | $103.13 | |
| ≡ | JPM - JPMorgan Chase & Co. | 3.91 | Reduce 10.66% | 144,561 | $245.30 | $35,461,000 | $244.62 | -0.28% | $184.19 | $278.53 | |
| ≡ | BK - Bank of New York Mellon Corp. | 3.72 | Reduce 17.78% | 402,272 | $83.87 | $33,739,000 | $80.04 | -4.57% | $54.68 | $89.78 | |
| ≡ | MDT - Medtronic plc | 3.59 | Add 11.82% | 362,252 | $89.86 | $32,552,000 | $84.60 | -5.85% | $74.13 | $95.49 | |
| ≡ | AAPL - Apple Inc. | 3.48 | Reduce 0.46% | 142,117 | $222.13 | $31,569,000 | $211.21 | -4.92% | $168.32 | $259.81 | |
| ≡ | AMGN - Amgen | 3.35 | Add 4.61% | 97,314 | $311.55 | $30,318,000 | $288.56 | -7.38% | $251.27 | $338.98 | |
| ≡ | MS - Morgan Stanley | 3.35 | Reduce 7.16% | 260,351 | $116.67 | $30,375,000 | $116.21 | -0.39% | $88.45 | $142.03 | |
| ≡ | PNC - PNC Financial Services | 3.26 | Reduce 0.24% | 168,140 | $175.77 | $29,554,000 | $160.60 | -8.63% | $142.78 | $212.28 | |
| ≡ | QCOM - QUALCOMM Inc. | 3.23 | Add 9.44% | 190,697 | $153.61 | $29,293,000 | $146.88 | -4.38% | $120.80 | $227.03 | |
| ≡ | USB - U.S. Bancorp | 3.09 | Add 6.56% | 662,406 | $42.22 | $27,967,000 | $40.50 | -4.07% | $35.18 | $52.79 | |
| ≡ | CMCSA - Comcast Corp. | 2.96 | Add 0.18% | 728,041 | $36.90 | $26,865,000 | $33.94 | -8.02% | $31.44 | $44.53 | |
| ≡ | AEP - American Electric Power | 2.77 | Reduce 0.01% | 229,597 | $109.27 | $25,088,000 | $108.50 | -0.70% | $82.52 | $110.48 | |
| ≡ | GOOG - Alphabet Inc. CL C | 2.74 | Reduce 1.87% | 159,189 | $156.23 | $24,870,000 | $162.06 | 3.73% | $142.66 | $208.46 | |
| ≡ | AMZN - Amazon.com Inc. | 2.51 | Reduce 1.04% | 119,490 | $190.26 | $22,734,000 | $187.39 | -1.51% | $151.61 | $242.52 | |
| ≡ | PEP - PepsiCo Inc. | 2.29 | Add 114.22% | 138,122 | $149.94 | $20,710,000 | $134.31 | -10.42% | $131.52 | $177.51 | |
| ≡ | NEE - NextEra Energy Inc. | 1.99 | Add 9.60% | 254,623 | $70.89 | $18,050,000 | $67.25 | -5.13% | $61.72 | $84.83 | |
| ≡ | CSCO - Cisco Systems | 1.89 | Reduce 49.02% | 278,277 | $61.71 | $17,172,000 | $57.34 | -7.08% | $43.57 | $66.06 | |
| ≡ | HD - Home Depot | 1.89 | Add 2.64% | 46,771 | $366.49 | $17,141,000 | $359.00 | -2.04% | $315.91 | $434.31 | |
| ≡ | META - Meta Platforms Inc. | 1.88 | Reduce 22.22% | 29,531 | $576.38 | $17,021,000 | $554.44 | -3.81% | $425.56 | $740.25 | |
| ≡ | TXN - Texas Instruments | 1.88 | Add 8.61% | 94,988 | $179.70 | $17,069,000 | $160.77 | -10.53% | $139.95 | $218.77 | |
| ≡ | GS - Goldman Sachs Group | 1.83 | Reduce 11.33% | 30,429 | $546.29 | $16,623,000 | $548.92 | 0.48% | $416.01 | $668.87 | |
| ≡ | UNP - Union Pacific | 1.81 | Add 1.00% | 69,410 | $236.23 | $16,397,000 | $214.54 | -9.18% | $204.66 | $255.44 | |
| ≡ | SBUX - Starbucks Corp. | 1.76 | Reduce 21.12% | 162,861 | $98.09 | $15,975,000 | $84.85 | -13.50% | $70.02 | $117.46 | |
| ≡ | WFC - Wells Fargo | 1.76 | Reduce 2.19% | 221,785 | $71.79 | $15,922,000 | $71.10 | -0.96% | $49.24 | $81.30 | |
| ≡ | MTB - M&T Bank Corp. | 1.71 | Add 0.01% | 86,827 | $178.75 | $15,520,000 | $169.91 | -4.95% | $136.86 | $222.74 | |
| ≡ | ZBH - Zimmer Biomet Holdings | 1.64 | Add 45.30% | 131,096 | $113.18 | $14,837,000 | $102.79 | -9.18% | $93.10 | $122.87 | |
| ≡ | PYPL - PayPal Holdings Inc. | 1.62 | Add 5.24% | 225,281 | $65.25 | $14,700,000 | $66.32 | 1.64% | $55.85 | $93.66 | |
| ≡ | TEL - TE Connectivity plc | 1.39 | Reduce 3.96% | 88,985 | $141.32 | $12,575,000 | $145.25 | 2.78% | $116.30 | $156.33 | |
| ≡ | TSN - Tyson Foods | 1.39 | Add 17.31% | 197,054 | $63.81 | $12,574,000 | $60.58 | -5.06% | $52.36 | $65.82 | |
| ≡ | FDX - FedEx Corp. | 1.31 | Reduce 1.80% | 48,633 | $243.79 | $11,856,000 | $209.85 | -13.92% | $194.30 | $309.09 | |
| ≡ | LHX - L3Harris Technologies Inc. | 1.30 | Add 0.07% | 56,360 | $209.32 | $11,797,000 | $221.23 | 5.69% | $192.04 | $263.05 | |
| ≡ | DG - Dollar General | 1.28 | Add 62.28% | 131,801 | $87.93 | $11,589,000 | $93.33 | 6.14% | $66.00 | $144.10 | |
| ≡ | VOO - Vanguard S&P 500 ETF | 1.27 | Add 11.17% | 22,355 | $513.93 | $11,489,000 | $509.49 | -0.86% | $442.80 | $561.97 | |
| ≡ | VEA - Vanguard FTSE Developed ETF | 1.18 | Add 1.42% | 210,131 | $50.83 | $10,681,000 | $52.95 | 4.17% | $45.14 | $53.03 | |
| ≡ | VYM - Vanguard High Dvd Yield ETF | 1.11 | Add 12.51% | 77,860 | $128.96 | $10,041,000 | $124.31 | -3.61% | $112.05 | $134.21 | |
| ≡ | GD - General Dynamics | 1.01 | Add 31.57% | 33,644 | $272.59 | $9,171,000 | $272.08 | -0.19% | $237.88 | $313.49 | |
| ≡ | LOW - Lowe's Cos. | 1.01 | Add 171.68% | 39,070 | $233.22 | $9,112,000 | $223.27 | -4.27% | $205.30 | $283.06 | |
| ≡ | UNH - United Health Group Inc. | 1.00 | Reduce 0.16% | 17,384 | $523.76 | $9,105,000 | $409.23 | -21.87% | $409.10 | $625.65 | |
| ≡ | ABBV - AbbVie Inc. | 0.90 | Reduce 62.40% | 39,119 | $209.51 | $8,196,000 | $193.51 | -7.64% | $148.20 | $216.66 | |
| ≡ | PFE - Pfizer Inc. | 0.89 | Add 25.87% | 318,813 | $25.34 | $8,079,000 | $23.79 | -6.12% | $20.92 | $30.55 | |
| ≡ | TMO - Thermo Fisher Scientific | 0.86 | Reduce 19.24% | 15,712 | $497.58 | $7,818,000 | $427.53 | -14.08% | $409.85 | $626.49 | |
| ≡ | IWF - iShares Russell 1000 Growth ETF | 0.83 | Add 3.70% | 20,850 | $361.10 | $7,529,000 | $366.72 | 1.56% | $308.67 | $418.65 | |
| ≡ | BRK.B - Berkshire Hathaway CL B | 0.68 | Reduce 7.77% | 11,591 | $532.57 | $6,173,000 | $534.57 | 0.38% | $396.35 | $539.00 | |
| ≡ | TGT - Target Corp. | 0.68 | Buy | 59,175 | $104.35 | $6,175,000 | $96.91 | -7.13% | $87.35 | $164.79 | |
| ≡ | IJR - Ishares Core S&P Small Cap E | 0.56 | Add 15.30% | 48,668 | $104.57 | $5,089,000 | $100.84 | -3.57% | $89.22 | $127.04 | |
| ≡ | IWR - Ishares Russell Mid Cap ETF | 0.54 | Add 5.47% | 57,382 | $85.08 | $4,882,000 | $84.17 | -1.07% | $73.17 | $95.38 | |
| ≡ | MDY - SPDR S&P Midcap 400 ETF Trst | 0.38 | Reduce 1.48% | 6,469 | $533.47 | $3,451,000 | $521.88 | -2.17% | $458.82 | $620.34 | |
| ≡ | GNRC - Generac Holdings Inc. | 0.33 | Buy | 23,390 | $126.64 | $2,962,000 | $113.24 | -10.58% | $99.50 | $195.94 | |
| ≡ | BAC - Bank of America Corp. | 0.27 | Reduce 9.20% | 57,932 | $41.74 | $2,418,000 | $39.99 | -4.19% | $33.07 | $47.68 | |
| ≡ | TCHP - T Rowe Price Blue Chip Growth ETF | 0.26 | Add 2.72% | 62,124 | $38.09 | $2,366,000 | $38.78 | 1.81% | $32.67 | $44.32 | |
| ≡ | IWM - iShares Russell 2000 ETF | 0.24 | Add 0.88% | 10,715 | $199.53 | $2,138,000 | $196.09 | -1.72% | $171.73 | $243.71 | |
| ≡ | VWO - Vanguard FTSE Emerging Marke | 0.20 | Reduce 7.16% | 40,129 | $45.25 | $1,816,000 | $45.15 | -0.22% | $39.53 | $48.35 | |
| ≡ | IVV - Ishares Core S&P 500 ETF | 0.19 | Reduce 3.77% | 3,143 | $561.88 | $1,766,000 | $556.95 | -0.88% | $484.00 | $614.31 | |
| ≡ | VTV - Vanguard Value ETF | 0.18 | Add 73.06% | 9,494 | $172.74 | $1,640,000 | $166.26 | -3.75% | $150.43 | $180.28 | |
| ≡ | EFA - iShares MSCI EAFE ETF | 0.13 | Reduce 3.59% | 14,764 | $81.75 | $1,207,000 | $84.85 | 3.79% | $72.15 | $85.19 | |
| ≡ | IWD - Ishares Russell 1000 Value E | 0.13 | Reduce 6.49% | 6,200 | $188.23 | $1,167,000 | $182.07 | -3.27% | $163.19 | $198.55 | |
| ≡ | NVDA - NVIDIA Corp. | 0.13 | Add 24.28% | 10,896 | $108.39 | $1,181,000 | $109.02 | 0.58% | $81.23 | $153.12 | |
| ≡ | VUG - Vanguard Growth ETF | 0.13 | Reduce 2.14% | 3,069 | $370.80 | $1,138,000 | $378.75 | 2.14% | $316.14 | $428.55 | |
| ≡ | AXP - American Express | 0.09 | 3,187 | $268.90 | $857,000 | $267.02 | -0.70% | $218.27 | $325.20 | ||
| ≡ | VTI - Vanguard Total Stock Mkt ETF | 0.09 | Reduce 9.75% | 3,084 | $274.97 | $848,000 | $272.66 | -0.84% | $236.42 | $302.33 | |
| ≡ | AFL - AFLAC Inc. | 0.08 | Add 0.16% | 6,211 | $111.25 | $691,000 | $108.60 | -2.38% | $78.95 | $114.79 | |
| ≡ | QQQ - Invesco Qqq Trust Series 1 | 0.07 | Add 5.73% | 1,348 | $468.84 | $632,000 | $475.53 | 1.43% | $402.39 | $540.01 | |
| ≡ | SPYX - SPDR S&P 500 Fossil Fuel Res | 0.07 | Reduce 5.02% | 13,348 | $45.77 | $611,000 | $45.49 | -0.61% | $39.59 | $50.22 | |
| ≡ | VIG - Vanguard Dividend Apprec ETF | 0.07 | Add 0.35% | 3,467 | $194.12 | $673,000 | $190.18 | -2.03% | $169.32 | $204.26 | |
| ≡ | COST - Costco Co. | 0.06 | Reduce 35.91% | 573 | $945.90 | $542,000 | $991.70 | 4.84% | $712.57 | $1078.24 | |
| ≡ | ESGD - Ishares Trust Ishares Esg Aw | 0.06 | Reduce 0.61% | 6,523 | $81.71 | $533,000 | $84.88 | 3.88% | $72.33 | $85.08 | |
| ≡ | GOOGL - Alphabet Inc. | 0.06 | Add 10.75% | 3,307 | $154.52 | $511,000 | $160.16 | 3.65% | $140.53 | $206.81 | |
| ≡ | JNJ - Johnson & Johnson | 0.06 | 3,375 | $165.93 | $560,000 | $155.91 | -6.04% | $139.56 | $169.99 | ||
| ≡ | SCHD - Schwab Us Dvd Equity ETF | 0.06 | Buy | 19,557 | $27.97 | $547,000 | $25.89 | -7.44% | $23.87 | $29.18 | |
| ≡ | SDY - SPDR S&P Dividend ETF | 0.06 | Reduce 0.91% | 3,817 | $135.71 | $518,000 | $130.99 | -3.48% | $119.83 | $142.45 | |
| ≡ | XOM - Exxon Mobil Corp. | 0.06 | Add 7.81% | 4,762 | $118.86 | $566,000 | $108.36 | -8.83% | $97.80 | $124.20 | |
| ≡ | COF - Capital One Financial | 0.05 | 2,414 | $179.37 | $433,000 | $183.08 | 2.07% | $126.86 | $210.67 | ||
| ≡ | CVS - CVS Health Corp. | 0.05 | 6,175 | $67.69 | $418,000 | $65.03 | -3.93% | $42.57 | $70.72 | ||
| ≡ | PG - Procter & Gamble | 0.05 | Add 14.19% | 2,495 | $170.34 | $425,000 | $162.26 | -4.74% | $155.20 | $178.88 | |
| ≡ | DHR - Danaher Corp. | 0.04 | 1,703 | $204.93 | $349,000 | $198.93 | -2.93% | $171.00 | $280.67 | ||
| ≡ | MCD - McDonald's Corp. | 0.04 | Add 0.28% | 1,080 | $312.04 | $337,000 | $314.50 | 0.79% | $239.29 | $326.32 | |
| ≡ | NUE - Nucor Corp. | 0.04 | 2,698 | $120.46 | $325,000 | $118.77 | -1.40% | $97.59 | $173.72 | ||
| ≡ | V - Visa Inc. | 0.04 | 969 | $350.88 | $340,000 | $341.52 | -2.67% | $251.29 | $366.54 | ||
| ≡ | VO - Vanguard Mid Cap ETF | 0.04 | Add 11.34% | 1,483 | $258.93 | $384,000 | $256.19 | -1.06% | $223.65 | $283.17 | |
| ≡ | WMT - Walmart Inc. | 0.04 | Reduce 12.39% | 4,241 | $87.72 | $372,000 | $96.04 | 9.48% | $57.93 | $105.01 | |
| ≡ | ACN - Accenture | 0.03 | Reduce 51.96% | 795 | $311.95 | $248,000 | $298.47 | -4.32% | $273.65 | $396.38 | |
| ≡ | AON - Aon Plc | 0.03 | Reduce 6.22% | 648 | $399.69 | $259,000 | $349.90 | -12.46% | $273.50 | $412.97 | |
| ≡ | BMY - Bristol-Myers Squibb | 0.03 | Reduce 24.90% | 4,092 | $61.09 | $250,000 | $49.22 | -19.43% | $37.77 | $62.65 | |
| ≡ | CL - Colgate-Palmolive | 0.03 | Reduce 1.32% | 2,549 | $93.76 | $239,000 | $92.33 | -1.53% | $84.85 | $107.54 | |
| ≡ | DCGO - Docgo Inc | 0.03 | 100,000 | $2.64 | $264,000 | $2.28 | -13.64% | $2.02 | $5.68 | ||
| ≡ | ETN - Eaton Corp. | 0.03 | Reduce 35.77% | 862 | $271.46 | $234,000 | $290.69 | 7.08% | $231.85 | $378.60 | |
| ≡ | GLD - SPDR Gold Trust | 0.03 | Reduce 16.36% | 808 | $288.37 | $233,000 | $306.06 | 6.13% | $210.71 | $317.63 | |
| ≡ | IBM - International Business Machines | 0.03 | Add 0.36% | 1,129 | $248.89 | $281,000 | $239.39 | -3.82% | $157.33 | $266.45 | |
| ≡ | IEMG - iShares Core MSCI Emerging Markets ETF | 0.03 | Reduce 2.23% | 4,827 | $54.07 | $261,000 | $54.10 | 0.06% | $47.29 | $57.75 | |
| ≡ | INTU - Intuit Inc. | 0.03 | Reduce 35.71% | 450 | $613.33 | $276,000 | $623.15 | 1.60% | $531.72 | $712.35 | |
| ≡ | IWN - Ishares Russell 2000 Value E | 0.03 | 1,765 | $150.71 | $266,000 | $145.89 | -3.20% | $129.38 | $182.01 | ||
| ≡ | LLY - Eli Lilly & Co. | 0.03 | Add 12.58% | 340 | $826.47 | $281,000 | $885.20 | 7.11% | $677.09 | $969.25 | |
| ≡ | MRK - Merck & Co. | 0.03 | Add 2.94% | 2,946 | $89.61 | $264,000 | $84.71 | -5.47% | $75.93 | $131.54 | |
| ≡ | PARA - Paramount Global CL B | 0.03 | Add 27.16% | 24,555 | $11.16 | $274,000 | $11.75 | 5.29% | $9.41 | $14.27 | |
| ≡ | QQQM - Invesco Nasdaq 100 ETF | 0.03 | Buy | 1,520 | $192.76 | $293,000 | $195.81 | 1.58% | $165.72 | $222.28 | |
| ≡ | SPYG - SPDR Portfolio S&P 500 Growt | 0.03 | Reduce 8.00% | 3,138 | $80.31 | $252,000 | $81.99 | 2.09% | $68.65 | $92.63 | |
| ≡ | VB - Vanguard Small Cap ETF | 0.03 | 1,169 | $221.56 | $259,000 | $216.77 | -2.16% | $190.27 | $261.31 | ||
| ≡ | XLK - Technology Select Sect SPDR | 0.03 | Reduce 2.54% | 1,150 | $206.09 | $237,000 | $209.10 | 1.46% | $172.45 | $242.71 | |
| ≡ | APH - Amphenol Corp. | 0.02 | 3,056 | $65.45 | $200,000 | $76.68 | 17.16% | $54.37 | $79.18 | ||
| ≡ | CGEN - Compugen Ltd | 0.02 | 93,833 | $1.46 | $137,000 | $1.40 | -4.11% | $1.13 | $2.66 | ||
| ≡ | IWB - Ishares Russell 1000 ETF | 0.02 | 722 | $307.48 | $222,000 | $304.32 | -1.03% | $264.17 | $336.86 | ||
| ≡ | PM - Philip Morris Intl. | 0.02 | Buy | 1,362 | $158.59 | $216,000 | $170.26 | 7.36% | $91.33 | $171.63 | |
| ≡ | SKYX - Skyx Platforms Corp | 0.02 | 158,333 | $1.14 | $181,000 | $1.17 | 2.63% | $0.75 | $2.14 | ||
| ≡ | MRKR - Marker Therapeutics Inc. | 0.00 | 15,000 | $1.20 | $18,000 | $1.23 | 2.50% | $0.95 | $5.99 |
* 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 | 25.45 | |
| Information Technology | 13.14 | |
| Health Care | 12.43 | |
| Consumer Discretionary | 12.13 | |
| 9.92 | ||
| Technology | 9.55 | |
| Industrials | 5.52 | |
| Utilities | 4.76 | |
| Consumer Staples | 3.93 | |
| NA | 2.66 | |
| Industrial Goods | 0.33 | |
| Services | 0.07 | |
| Energy | 0.06 | |
| Materials | 0.04 | |
| Communication Services | 0.03 |
Articles & Commentaries
22 Apr 2025 Matrix Asset's David Katz discusses the markets
24 Sep 2024 Matrix’s David Katz shares his stock picks
01 Aug 2024 Matrix Asset Advisors Q2 2024 Commentary
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