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: Q3 2024
Portfolio date: 30 Sep 2024
No. of stocks: 102
Portfolio value: $899,142,000
| History | Stock | % of Portfolio |
RecentActivity | Shares | ReportedPrice* | Value | Current Price |
+/-Reported Price |
52Week Low |
52Week High |
|
| ≡ | MSFT - Microsoft Corp. | 6.76 | Reduce 0.28% | 141,215 | $430.30 | $60,765,000 | $415.49 | -3.44% | $360.21 | $466.57 | |
| ≡ | BK - Bank of New York Mellon Corp. | 4.11 | Reduce 1.03% | 514,356 | $71.86 | $36,962,000 | $77.87 | 8.36% | $45.39 | $80.29 | |
| ≡ | JPM - JPMorgan Chase & Co. | 3.91 | Reduce 7.88% | 166,791 | $210.86 | $35,170,000 | $240.78 | 14.19% | $149.01 | $248.00 | |
| ≡ | AAPL - Apple Inc. | 3.64 | Add 1.57% | 140,607 | $233.00 | $32,761,000 | $229.00 | -1.72% | $163.48 | $237.23 | |
| ≡ | PNC - PNC Financial Services | 3.61 | Reduce 0.75% | 175,392 | $184.85 | $32,421,000 | $203.95 | 10.33% | $122.32 | $214.19 | |
| ≡ | MS - Morgan Stanley | 3.50 | Reduce 0.73% | 301,627 | $104.24 | $31,442,000 | $131.69 | 26.33% | $73.65 | $135.51 | |
| ≡ | CMCSA - Comcast Corp. | 3.40 | Add 0.86% | 730,834 | $41.77 | $30,527,000 | $42.99 | 2.92% | $35.87 | $46.04 | |
| ≡ | CSCO - Cisco Systems | 3.40 | Add 0.07% | 574,239 | $53.22 | $30,561,000 | $57.50 | 8.04% | $44.16 | $59.38 | |
| ≡ | USB - U.S. Bancorp | 3.18 | Reduce 0.30% | 625,030 | $45.73 | $28,583,000 | $50.74 | 10.96% | $34.85 | $51.76 | |
| ≡ | QCOM - QUALCOMM Inc. | 3.17 | Add 15.84% | 167,660 | $170.05 | $28,511,000 | $154.27 | -9.28% | $123.10 | $229.44 | |
| ≡ | MDT - Medtronic plc | 3.09 | Add 11.08% | 308,366 | $90.03 | $27,762,000 | $84.11 | -6.58% | $74.58 | $92.68 | |
| ≡ | GOOG - Alphabet Inc. CL C | 3.05 | Add 0.49% | 163,875 | $167.19 | $27,398,000 | $177.33 | 6.06% | $129.08 | $193.06 | |
| ≡ | AEP - American Electric Power | 2.62 | Reduce 0.22% | 229,980 | $102.60 | $23,596,000 | $96.80 | -5.65% | $73.11 | $104.16 | |
| ≡ | META - Meta Platforms Inc. | 2.58 | Reduce 1.82% | 40,489 | $572.45 | $23,178,000 | $565.52 | -1.21% | $312.72 | $602.95 | |
| ≡ | AMZN - Amazon.com Inc. | 2.51 | Reduce 0.84% | 121,287 | $186.33 | $22,599,000 | $202.88 | 8.88% | $141.50 | $215.90 | |
| ≡ | SBUX - Starbucks Corp. | 2.28 | Add 9.65% | 209,955 | $97.49 | $20,469,000 | $98.26 | 0.79% | $70.40 | $102.02 | |
| ≡ | ABBV - AbbVie Inc. | 2.22 | Reduce 30.28% | 101,261 | $197.48 | $19,997,000 | $167.76 | -15.05% | $132.80 | $207.32 | |
| ≡ | NEE - NextEra Energy Inc. | 2.16 | Reduce 0.20% | 230,026 | $84.53 | $19,444,000 | $76.88 | -9.05% | $53.26 | $86.10 | |
| ≡ | HD - Home Depot | 2.07 | Add 0.00% | 46,001 | $405.21 | $18,640,000 | $400.00 | -1.29% | $294.69 | $421.56 | |
| ≡ | TXN - Texas Instruments | 2.01 | Reduce 0.33% | 87,403 | $206.57 | $18,055,000 | $198.19 | -4.06% | $147.08 | $220.39 | |
| ≡ | GS - Goldman Sachs Group | 1.99 | Reduce 10.09% | 36,108 | $495.10 | $17,877,000 | $581.93 | 17.54% | $325.58 | $607.15 | |
| ≡ | PYPL - PayPal Holdings Inc. | 1.95 | Reduce 1.43% | 224,308 | $78.03 | $17,503,000 | $84.74 | 8.60% | $55.28 | $87.92 | |
| ≡ | UNP - Union Pacific | 1.86 | Add 8.07% | 67,900 | $246.48 | $16,736,000 | $233.56 | -5.24% | $214.39 | $258.07 | |
| ≡ | MTB - M&T Bank Corp. | 1.82 | Add 0.22% | 91,870 | $178.12 | $16,364,000 | $213.52 | 19.87% | $119.05 | $216.84 | |
| ≡ | AMGN - Amgen | 1.70 | Add 5.28% | 47,449 | $322.22 | $15,289,000 | $287.87 | -10.66% | $252.88 | $341.72 | |
| ≡ | GILD - Gilead Sciences | 1.69 | Reduce 0.88% | 181,662 | $83.84 | $15,231,000 | $88.63 | 5.71% | $60.75 | $98.90 | |
| ≡ | UNH - United Health Group Inc. | 1.59 | Reduce 1.46% | 24,523 | $584.68 | $14,338,000 | $600.50 | 2.71% | $433.00 | $630.73 | |
| ≡ | TEL - TE Connectivity plc | 1.57 | Reduce 1.29% | 93,749 | $150.99 | $14,155,000 | $147.82 | -2.10% | $143.62 | $156.90 | |
| ≡ | FDX - FedEx Corp. | 1.52 | Add 0.43% | 50,047 | $273.68 | $13,697,000 | $288.03 | 5.24% | $230.87 | $312.31 | |
| ≡ | LHX - L3Harris Technologies Inc. | 1.51 | Reduce 1.43% | 57,218 | $237.86 | $13,610,000 | $244.36 | 2.73% | $182.25 | $264.49 | |
| ≡ | WFC - Wells Fargo | 1.49 | Add 0.18% | 237,435 | $56.49 | $13,413,000 | $73.58 | 30.25% | $41.06 | $74.70 | |
| ≡ | TMO - Thermo Fisher Scientific | 1.36 | Reduce 2.16% | 19,753 | $618.59 | $12,219,000 | $512.84 | -17.10% | $475.19 | $627.48 | |
| ≡ | ZBH - Zimmer Biomet Holdings | 1.19 | Reduce 0.62% | 99,495 | $107.95 | $10,740,000 | $109.27 | 1.22% | $101.47 | $133.31 | |
| ≡ | VOO - Vanguard S&P 500 ETF | 1.13 | Add 9.54% | 19,317 | $527.67 | $10,193,000 | $542.90 | 2.89% | $409.53 | $551.73 | |
| ≡ | TSN - Tyson Foods | 1.11 | Add 11.75% | 167,827 | $59.56 | $9,996,000 | $63.25 | 6.20% | $45.32 | $66.88 | |
| ≡ | VEA - Vanguard FTSE Developed ETF | 1.06 | Add 13.61% | 180,407 | $52.81 | $9,527,000 | $49.16 | -6.91% | $43.99 | $53.40 | |
| ≡ | BDX - Becton Dickinson | 0.95 | Add 37.60% | 35,295 | $241.11 | $8,510,000 | $222.39 | -7.76% | $217.86 | $246.89 | |
| ≡ | RTX - RTX Corp. | 0.95 | Reduce 0.25% | 70,381 | $121.15 | $8,527,000 | $119.15 | -1.65% | $76.21 | $128.02 | |
| ≡ | PFE - Pfizer Inc. | 0.94 | Reduce 1.97% | 291,405 | $28.94 | $8,433,000 | $24.94 | -13.82% | $24.11 | $31.06 | |
| ≡ | VYM - Vanguard High Dvd Yield ETF | 0.94 | Add 9.18% | 65,726 | $128.20 | $8,426,000 | $130.86 | 2.07% | $101.78 | $133.45 | |
| ≡ | GD - General Dynamics | 0.86 | Add 0.35% | 25,448 | $302.18 | $7,690,000 | $280.05 | -7.32% | $239.04 | $316.90 | |
| ≡ | IWF - iShares Russell 1000 Growth ETF | 0.81 | Add 12.07% | 19,412 | $375.39 | $7,287,000 | $392.76 | 4.63% | $285.41 | $400.85 | |
| ≡ | FI - Fiserv Inc. | 0.72 | Reduce 3.06% | 35,971 | $179.64 | $6,462,000 | $217.94 | 21.32% | $124.11 | $218.18 | |
| ≡ | PEP - PepsiCo Inc. | 0.60 | Add 3.05% | 31,497 | $170.05 | $5,356,000 | $158.74 | -6.65% | $155.85 | $180.60 | |
| ≡ | IWR - Ishares Russell Mid Cap ETF | 0.49 | Add 10.87% | 49,939 | $88.15 | $4,402,000 | $92.30 | 4.71% | $70.08 | $93.85 | |
| ≡ | IJR - Ishares Core S&P Small Cap E | 0.47 | Add 22.85% | 36,016 | $116.95 | $4,212,000 | $121.02 | 3.48% | $93.91 | $126.73 | |
| ≡ | LOW - Lowe's Cos. | 0.43 | Add 30.29% | 14,390 | $270.88 | $3,898,000 | $263.03 | -2.90% | $192.56 | $285.80 | |
| ≡ | MDY - SPDR S&P Midcap 400 ETF Trst | 0.41 | Add 23.70% | 6,514 | $569.70 | $3,711,000 | $591.16 | 3.77% | $457.45 | $609.69 | |
| ≡ | IWM - iShares Russell 2000 ETF | 0.26 | Add 0.13% | 10,601 | $220.92 | $2,342,000 | $230.93 | 4.53% | $174.73 | $242.39 | |
| ≡ | TCHP - T Rowe Price Blue Chip Growth ETF | 0.26 | Add 2.90% | 59,381 | $39.64 | $2,354,000 | $41.64 | 5.05% | $29.40 | $42.56 | |
| ≡ | IVV - Ishares Core S&P 500 ETF | 0.21 | Add 53.06% | 3,254 | $576.83 | $1,877,000 | $593.44 | 2.88% | $447.71 | $603.09 | |
| ≡ | VWO - Vanguard FTSE Emerging Marke | 0.21 | Add 7.02% | 40,161 | $47.86 | $1,922,000 | $45.56 | -4.81% | $38.53 | $49.57 | |
| ≡ | BRK.B - Berkshire Hathaway CL B | 0.14 | 2,774 | $460.35 | $1,277,000 | $468.83 | 1.84% | $350.85 | $484.82 | ||
| ≡ | EFA - iShares MSCI EAFE ETF | 0.14 | 15,277 | $83.66 | $1,278,000 | $77.24 | -7.67% | $69.52 | $84.56 | ||
| ≡ | IWD - Ishares Russell 1000 Value E | 0.14 | Add 14.14% | 6,604 | $189.73 | $1,253,000 | $193.92 | 2.21% | $151.63 | $197.21 | |
| ≡ | VUG - Vanguard Growth ETF | 0.13 | Add 3.38% | 3,152 | $383.88 | $1,210,000 | $403.47 | 5.10% | $292.68 | $410.94 | |
| ≡ | NVDA - NVIDIA Corp. | 0.12 | Add 1.23% | 8,807 | $121.49 | $1,070,000 | $145.89 | 20.08% | $45.00 | $149.77 | |
| ≡ | GLD - SPDR Gold Trust | 0.11 | 3,966 | $243.07 | $964,000 | $244.62 | 0.64% | $183.15 | $257.71 | ||
| ≡ | VTI - Vanguard Total Stock Mkt ETF | 0.11 | 3,417 | $283.29 | $968,000 | $293.00 | 3.43% | $220.41 | $298.12 | ||
| ≡ | AXP - American Express | 0.10 | 3,212 | $271.17 | $871,000 | $287.71 | 6.10% | $159.81 | $296.83 | ||
| ≡ | AFL - AFLAC Inc. | 0.08 | 6,201 | $111.76 | $693,000 | $110.24 | -1.36% | $73.49 | $114.98 | ||
| ≡ | VIG - Vanguard Dividend Apprec ETF | 0.08 | Reduce 0.80% | 3,453 | $198.09 | $684,000 | $198.74 | 0.33% | $159.50 | $203.80 | |
| ≡ | VTV - Vanguard Value ETF | 0.08 | Add 155.07% | 3,877 | $174.62 | $677,000 | $176.62 | 1.15% | $137.41 | $180.06 | |
| ≡ | QQQ - Invesco Qqq Trust Series 1 | 0.07 | Add 12.82% | 1,250 | $488.00 | $610,000 | $503.17 | 3.11% | $380.05 | $515.58 | |
| ≡ | GOOGL - Alphabet Inc. | 0.06 | Add 14.90% | 3,062 | $165.90 | $508,000 | $175.98 | 6.08% | $127.58 | $191.50 | |
| ≡ | JNJ - Johnson & Johnson | 0.06 | Add 0.90% | 3,375 | $162.07 | $547,000 | $153.11 | -5.53% | $140.91 | $168.85 | |
| ≡ | PARA - Paramount Global CL B | 0.06 | Reduce 85.97% | 47,115 | $10.61 | $500,000 | $10.58 | -0.28% | $9.49 | $17.20 | |
| ≡ | SDY - SPDR S&P Dividend ETF | 0.06 | Add 0.05% | 3,849 | $142.11 | $547,000 | $139.62 | -1.75% | $114.69 | $144.06 | |
| ≡ | SPYX - SPDR S&P 500 Fossil Fuel Res | 0.06 | Add 21.52% | 11,784 | $47.27 | $557,000 | $48.37 | 2.33% | $36.48 | $49.25 | |
| ≡ | XOM - Exxon Mobil Corp. | 0.06 | Add 1.57% | 4,408 | $117.29 | $517,000 | $120.32 | 2.58% | $92.61 | $125.31 | |
| ≡ | COST - Costco Co. | 0.05 | 544 | $886.03 | $482,000 | $928.08 | 4.75% | $561.59 | $962.00 | ||
| ≡ | CVS - CVS Health Corp. | 0.05 | Reduce 61.42% | 7,161 | $62.84 | $450,000 | $56.83 | -9.56% | $51.61 | $79.91 | |
| ≡ | DHR - Danaher Corp. | 0.05 | 1,703 | $277.75 | $473,000 | $233.10 | -16.08% | $212.72 | $281.43 | ||
| ≡ | NUE - Nucor Corp. | 0.05 | Buy | 2,698 | $150.48 | $406,000 | $148.17 | -1.54% | $132.94 | $201.57 | |
| ≡ | COF - Capital One Financial | 0.04 | 2,414 | $149.54 | $361,000 | $180.69 | 20.83% | $103.68 | $197.66 | ||
| ≡ | ESGD - Ishares Trust Ishares Esg Aw | 0.04 | Add 34.10% | 4,259 | $84.06 | $358,000 | $77.66 | -7.61% | $69.59 | $85.04 | |
| ≡ | MCD - McDonald's Corp. | 0.04 | Add 0.37% | 1,074 | $304.47 | $327,000 | $290.91 | -4.45% | $242.12 | $317.90 | |
| ≡ | MRK - Merck & Co. | 0.04 | 2,862 | $113.56 | $325,000 | $97.44 | -14.20% | $94.48 | $133.74 | ||
| ≡ | PG - Procter & Gamble | 0.04 | Add 2.30% | 2,183 | $173.16 | $378,000 | $170.89 | -1.31% | $139.04 | $176.90 | |
| ≡ | WMT - Walmart Inc. | 0.04 | 4,841 | $80.77 | $391,000 | $87.18 | 7.94% | $49.37 | $88.29 | ||
| ≡ | ACN - Accenture | 0.03 | 805 | $354.04 | $285,000 | $357.07 | 0.86% | $276.35 | $382.77 | ||
| ≡ | BAC - Bank of America Corp. | 0.03 | 6,301 | $39.68 | $250,000 | $46.06 | 16.08% | $28.53 | $47.02 | ||
| ≡ | BMY - Bristol-Myers Squibb | 0.03 | Add 0.27% | 5,619 | $51.79 | $291,000 | $57.88 | 11.76% | $38.60 | $61.08 | |
| ≡ | CL - Colgate-Palmolive | 0.03 | Reduce 0.65% | 2,583 | $103.76 | $268,000 | $93.91 | -9.49% | $73.76 | $108.76 | |
| ≡ | ETN - Eaton Corp. | 0.03 | 842 | $331.35 | $279,000 | $360.46 | 8.79% | $221.78 | $373.49 | ||
| ≡ | IBM - International Business Machines | 0.03 | Buy | 1,123 | $220.84 | $248,000 | $214.60 | -2.83% | $148.15 | $235.51 | |
| ≡ | IEMG - iShares Core MSCI Emerging Markets ETF | 0.03 | Add 3.23% | 4,926 | $57.45 | $283,000 | $54.28 | -5.52% | $46.88 | $59.00 | |
| ≡ | INTU - Intuit Inc. | 0.03 | 450 | $620.00 | $279,000 | $650.60 | 4.94% | $554.63 | $714.78 | ||
| ≡ | IWB - Ishares Russell 1000 ETF | 0.03 | 721 | $314.84 | $227,000 | $325.40 | 3.35% | $244.80 | $330.43 | ||
| ≡ | IWN - Ishares Russell 2000 Value E | 0.03 | Buy | 1,765 | $166.57 | $294,000 | $172.88 | 3.79% | $134.28 | $181.50 | |
| ≡ | LLY - Eli Lilly & Co. | 0.03 | Add 1.68% | 302 | $887.42 | $268,000 | $753.41 | -15.10% | $558.01 | $970.92 | |
| ≡ | PFS - Provident Financial Services Inc. | 0.03 | 13,623 | $18.57 | $253,000 | $20.71 | 11.52% | $12.69 | $21.98 | ||
| ≡ | SPYG - SPDR Portfolio S&P 500 Growt | 0.03 | Add 6.20% | 3,411 | $82.97 | $283,000 | $86.24 | 3.94% | $61.85 | $87.95 | |
| ≡ | V - Visa Inc. | 0.03 | Reduce 2.52% | 969 | $274.51 | $266,000 | $307.39 | 11.98% | $248.13 | $312.41 | |
| ≡ | VB - Vanguard Small Cap ETF | 0.03 | Add 8.35% | 1,168 | $237.16 | $277,000 | $249.78 | 5.32% | $188.15 | $257.26 | |
| ≡ | VO - Vanguard Mid Cap ETF | 0.03 | Add 11.37% | 989 | $263.90 | $261,000 | $275.51 | 4.40% | $210.67 | $279.67 | |
| ≡ | XLK - Technology Select Sect SPDR | 0.03 | 1,180 | $225.42 | $266,000 | $231.13 | 2.53% | $179.98 | $237.94 | ||
| ≡ | CGEN - Compugen Ltd | 0.02 | Add 3.30% | 93,833 | $1.81 | $170,000 | $1.43 | -20.99% | $0.62 | $3.03 | |
| ≡ | IT - Gartner Inc. | 0.02 | Buy | 400 | $507.50 | $203,000 | $518.00 | 2.07% | $411.15 | $559.00 | |
| ≡ | TSLA - Tesla Inc. | 0.02 | Buy | 833 | $261.70 | $218,000 | $342.03 | 30.70% | $138.80 | $358.64 | |
| ≡ | SKYX - Skyx Platforms Corp | 0.01 | Add 30.00% | 130,000 | $0.85 | $111,000 | $0.97 | 14.12% | $0.72 | $1.87 | |
| ≡ | MRKR - Marker Therapeutics Inc. | 0.00 | 15,000 | $2.80 | $42,000 | $3.18 | 13.57% | $2.44 | $6.16 |
* 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 | 25.98 | |
| Information Technology | 16.26 | |
| Health Care | 14.91 | |
| Technology | 10.90 | |
| Consumer Discretionary | 10.73 | |
| Industrials | 6.79 | |
| 4.86 | ||
| Utilities | 4.78 | |
| NA | 2.62 | |
| Consumer Staples | 1.92 | |
| Services | 0.06 | |
| Communication Services | 0.06 | |
| Energy | 0.06 | |
| Materials | 0.05 | |
| Consumer Goods | 0.02 |
Articles & Commentaries
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
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