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David Katz

Matrix Asset Advisors

$1.23B
disclosed 13F portfolio · 106 positions
top-5 concentration21%
Q2 2026 · filed Jul 15, 2026

David Katz (Matrix Asset Advisors) discloses a $1.23B portfolio across 106 US-listed positions in the latest 13F filing (2026Q2, filed Jul 15, 2026). The largest holding is MSFT at 5.2% of the book. The biggest move of the quarter: trimmed the TXN share count by 29% (position now $29M). Mechanically cloning this 13F returned 10.6%/yr over the past 12.2 years, versus 13.8%/yr for the S&P 500 across that identical 12.2-year window.

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Holdings (106) · click any column to sort

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  • port5.2%
    val$64M
    Microsoft Corp
    this Q hold·40q
  • port4.4%
    val$54M
    Matrix Advisors Value Etf
    this Q hold·6q
  • port3.9%
    val$48M
    Alphabet Inc-cl C
    this Q hold·40q
  • port3.8%
    val$47M
    Pnc Financial Services Group
    this Q hold·30q
  • port3.7%
    val$45M
    Qualcomm Inc
    this Q hold·40q
  • port3.6%
    val$44M
    Apple Inc
    this Q hold·40q
  • port3.5%
    val$43M
    Jpmorgan Chase & CO
    this Q hold·40q
  • port3.5%
    val$43M
    Morgan Stanley
    this Q hold·40q
  • port3.4%
    val$42M
    US Bancorp
    this Q hold·25q
  • port3.0%
    val$37M
    Amgen Inc
    this Q hold·24q
  • 11PEP
    port3.0%
    val$36M
    Pepsico Inc
    this Q hold·32q
  • port2.8%
    val$35M
    Applied Materials Inc
    this Q hold·5q
  • 13MDT
    port2.8%
    val$34M
    Medtronic Plc
    this Q hold·18q
  • port2.6%
    val$32M
    Amazon.com Inc
    this Q hold·31q
  • port2.5%
    val$31M
    Generac Holdings Inc
    this Q hold·6q
  • 16TXN
    port2.4%
    val$29M
    Texas Instruments Inc
    this Q -29%·18q
  • 17TSN
    port2.3%
    val$28M
    Tyson Foods Inc-cl A
    this Q +32%·14q
  • 18BK
    port2.1%
    val$25M
    Bank OF New York Mellon Corp
    this Q -28%·21q
  • port2.0%
    val$24M
    Comcast Corp-class A
    this Q hold·40q
  • 20HD
    port1.9%
    val$23M
    Home Depot Inc
    this Q +25%·24q
  • port1.8%
    val$23M
    Starbucks Corp
    this Q hold·17q
  • 22GS
    port1.8%
    val$22M
    Goldman Sachs Group Inc
    this Q hold·39q
  • 23VOO
    port1.8%
    val$22M
    Vanguard S&p 500 Etf
    this Q hold·20q
  • 24PG
    port1.7%
    val$21M
    Procter & Gamble Co/the
    this Q +188%·40q
  • port1.7%
    val$21M
    Meta Platforms Inc-class A
    this Q hold·32q
  • 26AEP
    port1.7%
    val$21M
    American Electric Power
    this Q hold·19q
  • 27NEE
    port1.7%
    val$21M
    Nextera Energy Inc
    this Q hold·12q
  • 28VEA
    port1.6%
    val$20M
    Vanguard Ftse Developed Etf
    this Q hold·22q
  • 29MTB
    port1.5%
    val$19M
    M & T Bank Corp
    this Q hold·25q
  • 30WFC
    port1.5%
    val$18M
    Wells Fargo & CO
    this Q hold·40q
  • 31LOW
    port1.4%
    val$18M
    Lowe's Cos Inc
    this Q +22%·9q
  • 32VYM
    port1.4%
    val$18M
    Vanguard High Dvd Yield Etf
    this Q hold·25q
  • 33LMT
    port1.4%
    val$17M
    Lockheed Martin Corp
    this Q hold·5q
  • 34TEL
    port1.2%
    val$15M
    TE Connectivity Plc
    this Q +132%·8q
  • 35TGT
    port1.2%
    val$15M
    Target Corp
    this Q -21%·14q
  • 36TMO
    port1.1%
    val$14M
    Thermo Fisher Scientific Inc
    this Q +23%·40q
  • 37IWF
    port1.1%
    val$13M
    Ishares Russell 1000 Growth
    this Q hold·22q
  • 38ADP
    port1.0%
    val$13M
    Automatic Data Processing
    this Q +312%·3q
  • port0.9%
    val$11M
    Paypal Holdings Inc
    this Q hold·18q
  • 40STZ
    port0.8%
    val$10M
    Constellation Brands Inc-a
    this Q +60%·4q
  • 41IJR
    port0.8%
    val$10M
    Ishares Core S&p Small-cap E
    this Q hold·21q
  • port0.8%
    val$10M
    Abbvie Inc
    this Q hold·40q
  • 43NKE
    port0.7%
    val$9M
    Nike Inc -cl B
    this Q +68%·7q
  • 44VTV
    port0.6%
    val$7M
    Vanguard Value Etf
    this Q hold·11q
  • 45IWR
    port0.5%
    val$7M
    Ishares Russell Mid-cap Etf
    this Q hold·20q
  • port0.5%
    val$6M
    Berkshire Hathaway Inc-cl B
    this Q hold·40q
  • 47ABT
    port0.3%
    val$4M
    Abbott Laboratories
    this Q New·3q
  • 48MDY
    port0.3%
    val$4M
    State Street Spdr S&p Midcap
    this Q hold·34q
  • port0.3%
    val$4M
    T Rowe Price Blue Chip Growt
    this Q hold·15q
  • 50MCD
    port0.3%
    val$3M
    Mcdonald's Corp
    this Q +1028%·17q
  • 51IWM
    port0.2%
    val$3M
    Ishares Russell 2000 Etf
    this Q hold·40q
  • 52VO
    port0.2%
    val$3M
    Vanguard Mid-cap Etf
    this Q +22%·15q
  • 53BAC
    port0.2%
    val$3M
    Bank OF America Corp
    this Q hold·14q
  • port0.2%
    val$3M
    Intuit Inc
    this Q +192%·14q
  • 55VWO
    port0.2%
    val$3M
    Vanguard Ftse Emerging Marke
    this Q hold·17q
  • 56IVV
    port0.2%
    val$3M
    Ishares Core S&p 500 Etf
    this Q hold·33q
  • 57VUG
    port0.1%
    val$2M
    Vanguard Growth Etf
    this Q hold·28q
  • 58EFA
    port0.1%
    val$2M
    Ishares Msci Eafe Etf
    this Q hold·29q
  • 59ACN
    port0.1%
    val$2M
    Accenture Plc Ireland
    this Q -63%·14q
  • 60IWD
    port0.1%
    val$2M
    Ishares Russell 1000 Value E
    this Q hold·17q
  • port0.1%
    val$1M
    Vanguard Russell 1000 Growth
    this Q +92%·2q
  • port0.1%
    val$1M
    Alphabet Inc-cl A
    this Q hold·23q
  • port0.1%
    val$1M
    Nvidia Corp
    this Q -22%·13q
  • 64VTI
    port0.1%
    val$1M
    Vanguard Total Stock Mkt Etf
    this Q hold·22q
  • 65QQQ
    port0.1%
    val$1M
    Invesco Qqq Trust Series 1
    this Q hold·25q
  • 66AXP
    port0.1%
    val$959K
    American Express CO
    this Q hold·40q
  • port0.1%
    val$818K
    SS Spdr S&p 500 Foss FL Etf
    this Q hold·19q
  • 68VIG
    port0.1%
    val$752K
    Vanguard Dividend Apprec Etf
    this Q hold·27q
  • 69AFL
    port0.1%
    val$734K
    Aflac Inc
    this Q hold·40q
  • port0.1%
    val$666K
    Ishares Trust Ishares Esg AW
    this Q hold·18q
  • 71CVS
    port0.1%
    val$639K
    Cvs Health Corp
    this Q hold·40q
  • 72COF
    port0.1%
    val$638K
    Capital One Financial Corp
    this Q hold·40q
  • 73SDY
    port<0.1%
    val$576K
    SS Spdr S&p Dividend Etf
    this Q hold·33q
  • 74APH
    port<0.1%
    val$539K
    Amphenol Corp-cl A
    this Q hold·8q
  • port<0.1%
    val$515K
    Costco Wholesale Corp
    this Q hold·14q
  • 76XOM
    port<0.1%
    val$513K
    Exxon Mobil Corp
    this Q hold·40q
  • port<0.1%
    val$478K
    Ast Spacemobile Inc
    this Q hold·5q
  • 78XLK
    port<0.1%
    val$441K
    SS Technology Select Sector
    this Q hold·14q
  • port<0.1%
    val$422K
    Broadcom Inc
    this Q hold·6q
  • 80IJH
    port<0.1%
    val$422K
    Ishares Core S&p Midcap Etf
    this Q hold·5q
  • 81JNJ
    port<0.1%
    val$412K
    Johnson & Johnson
    this Q hold·40q
  • 82IWN
    port<0.1%
    val$390K
    Ishares Russell 2000 Value E
    this Q hold·10q
  • 83V
    port<0.1%
    val$384K
    Visa Inc-class A Shares
    this Q hold·14q
  • 84LLY
    port<0.1%
    val$372K
    Eli Lilly & CO
    this Q hold·10q
  • 85GLD
    port<0.1%
    val$368K
    Spdr Gold Shares
    this Q hold·19q
  • 86G29183103
    port<0.1%
    val$367K
    Eaton Corp Plc
    this Q hold·29q
  • port<0.1%
    val$363K
    SS Spdr P S&p 500 Growth Etf
    this Q hold·11q
  • 88WMT
    port<0.1%
    val$361K
    Walmart Inc
    this Q hold·39q
  • 89VB
    port<0.1%
    val$348K
    Vanguard Small-cap Etf
    this Q hold·19q
  • port<0.1%
    val$330K
    Ishares Core Msci Emerging
    this Q hold·27q
  • 91DHR
    port<0.1%
    val$320K
    Danaher Corp
    this Q hold·18q
  • 92NUE
    port<0.1%
    val$305K
    Nucor Corp
    this Q -27%·8q
  • 93IWB
    port<0.1%
    val$286K
    Ishares Russell 1000 Etf
    this Q hold·18q
  • 94RSP
    port<0.1%
    val$245K
    Invesco S&p 500 Equal Weight
    this Q New·1q
  • port<0.1%
    val$241K
    Palantir Technologies Inc-a
    this Q hold·5q
  • port<0.1%
    val$238K
    Skyx Platforms Corp
    this Q hold·16q
  • port<0.1%
    val$234K
    Ishares Msci Emr Mrk EX Chna
    this Q New·1q
  • port<0.1%
    val$231K
    Invesco Nasdaq 100 Etf
    this Q -28%·6q
  • 99CL
    port<0.1%
    val$218K
    Colgate-palmolive CO
    this Q hold·23q
  • 100MPC
    port<0.1%
    val$218K
    Marathon Petroleum Corp
    this Q hold·2q
  • 101AON
    port<0.1%
    val$215K
    Aon Plc
    this Q hold·8q
  • 102MRK
    port<0.1%
    val$215K
    Merck & Co. Inc.
    this Q hold·40q
  • 103IBM
    port<0.1%
    val$212K
    Intl Business Machines Corp
    this Q New·28q
  • 104TSLA
    port<0.1%
    val$208K
    Tesla Inc
    this Q New·17q
  • 105SCHD
    port<0.1%
    val$207K
    Schwab US Dvd Equity Etf
    this Q hold·5q
  • 106M25722105
    port<0.1%
    val$201K
    Compugen Ltd
    this Q hold·40q
2026Q2 moves, by size (29)(expand ↓)
  • TRIMBK
    2.1%
    Bank OF New York Mellon Corp
    Δ -28%·$25M
  • TRIMTXN
    2.4%
    Texas Instruments Inc
    Δ -29%·$29M
  • ADDTSN
    2.3%
    Tyson Foods Inc-cl A
    Δ +32%·$28M
  • ADDHD
    1.9%
    Home Depot Inc
    Δ +25%·$23M
  • ADDPG
    1.7%
    Procter & Gamble Co/the
    Δ +188%·$21M
  • TRIMTGT
    1.2%
    Target Corp
    Δ -21%·$15M
  • EXITFDX
    1.4%
    Fedex Corp
    Δ -100%·$0
  • ADDLOW
    1.4%
    Lowe's Cos Inc
    Δ +22%·$18M
  • ADDTEL
    1.2%
    TE Connectivity Plc
    Δ +132%·$15M
  • ADDTMO
    1.1%
    Thermo Fisher Scientific Inc
    Δ +23%·$14M
  • ADDADP
    1.0%
    Automatic Data Processing
    Δ +312%·$13M
  • ADDSTZ
    0.8%
    Constellation Brands Inc-a
    Δ +60%·$10M
  • ADDNKE
    0.7%
    Nike Inc -cl B
    Δ +68%·$9M
  • TRIMACN
    0.1%
    Accenture Plc Ireland
    Δ -63%·$2M
  • NEWABT
    0.3%
    Abbott Laboratories
    Δ +100%·$4M
  • ADDMCD
    0.3%
    Mcdonald's Corp
    Δ +1028%·$3M
  • ADDVO
    0.2%
    Vanguard Mid-cap Etf
    Δ +22%·$3M
  • ADDINTU
    0.2%
    Intuit Inc
    Δ +192%·$3M
  • TRIMNVDA
    0.1%
    Nvidia Corp
    Δ -22%·$1M
  • ADDVONG
    0.1%
    Vanguard Russell 1000 Growth
    Δ +92%·$1M
  • TRIMNUE
    <0.1%
    Nucor Corp
    Δ -27%·$305K
  • TRIMQQQM
    <0.1%
    Invesco Nasdaq 100 Etf
    Δ -28%·$231K
  • NEWRSP
    <0.1%
    Invesco S&p 500 Equal Weight
    Δ +100%·$245K
  • NEWEMXC
    <0.1%
    Ishares Msci Emr Mrk EX Chna
    Δ +100%·$234K
  • NEWTSLA
    <0.1%
    Tesla Inc
    Δ +100%·$208K
  • NEWIBM
    <0.1%
    Intl Business Machines Corp
    Δ +100%·$212K
  • EXITDCGO
    <0.1%
    Docgo Inc
    Δ -100%·$0
  • EXITSCWO
    <0.1%
    374water Inc
    Δ -100%·$0
  • EXITMRKR
    <0.1%
    Marker Therapeutics Inc
    Δ -100%·$0

About David Katz

David Katz is the chief investment officer of Matrix Asset Advisors, a New York-based registered investment adviser managing roughly $1.1B in public equities. His approach is best described as diversified large-cap value with a quality tilt — the 13F shows 105 positions with top-5 weights summing to just 21%, concentrated enough to reflect conviction in names like Microsoft, Alphabet, PNC, and JPMorgan, but diversified enough that no single position dominates outcomes. Katz writes and comments regularly in financial media, and his public persona is that of a measured, valuation-conscious practitioner rather than a catalyst-driven activist. Readers should note that a latticework backtest of the disclosed long book has underperformed SPY by roughly 3.5% annually over twelve years — a gap consistent with a value-oriented mandate in a period that systematically punished that style — and that the 13F captures only U.S. long equity; cash levels, fixed-income allocations, and any hedging activity are not visible in the filing.

2026Q2 brief

David Katz's Matrix Asset Advisors ran a notably active Q2 2026 across its $1.23B, 106-position book, with the clearest signal being a deliberate rotation toward defensive consumer and healthcare names. PG was nearly tripled (up 188%) to 1.75% of the portfolio, TEL more than doubled (+132%) to 1.25%, and TSN, HD, and LOW were all added meaningfully (20–32% increases), collectively suggesting Katz is positioning for a softer macro environment where branded staples and home-improvement compounders hold up. On the other side, TXN and BK were each trimmed roughly 29%, ACN was cut by nearly 63% to a rounding-line 0.12%, and FDX was exited entirely after holding ~1.44% — a clean break from a logistics name that has struggled with volume headwinds. NVDA was trimmed another 22% to a token 0.10%, confirming Katz has little conviction in the AI-chip trade at current valuations. The portfolio remains anchored by mega-cap tech (MSFT 5.2%, GOOG 3.9%) alongside financials (PNC, JPM, MS), but the add/trim pattern this quarter skews decidedly more defensive. Watch whether TSN and PG continue to build toward top-10 weights next filing, which would confirm a structural sector rotation rather than a tactical trim.

AI-generated. Not investment advice.

Filing history

David Katz's disclosed 13F portfolio value and position count by quarter — the trajectory across every SEC filing.

Disclosed portfolio value · Q3 2023Q2 2026now $1.23B · peak $1.23B (Q2 2026)
Q3 2023Q2 2024Q2 2025Q2 2026
QuarterPositionsPortfolio value
Q2 2026 — what changed →106
$1.23B
Q1 2026 — what changed →105
$1.09B
Q4 2025 — what changed →107
$1.11B
Q3 2025 — what changed →107
$1.08B
Q2 2025 — what changed →108
$988M
Q1 2025 — what changed →105
$906M
Q4 2024 holdings110
$916M
Q3 2024 holdings102
$899M
Q2 2024 holdings101
$837M
Q1 2024 holdings100
$836M
Q4 2023 holdings99
$786M
Q3 2023 holdings93
$702M

Values as disclosed at each quarter end. Older filings on EDGAR.

Multibaggers David Katz held

Stocks up 5x or more since David Katz first held them at conviction size — the holding record behind the returns. Longest unbroken run and largest book weight are shown for each.

  • AMAT30.6xAPPLIED MATERIALS INC4q straight · peak 1.84% · still holds
  • AAPL19.9xAPPLE INC49q straight · peak 3.9% · still holds
  • AMZN13.8xAMAZON.COM INC30q straight · peak 2.89% · still holds
  • CAT12.1xCATERPILLAR INC11q straight · peak 2.36%
  • MSFT11.2xMICROSOFT CORP49q straight · peak 7.56% · still holds
  • GOOG10.6xALPHABET INC-CL C40q straight · peak 4.45% · still holds

Six biggest of 15. Price multiple since the first quarter we observed a conviction holding (2014Q1 at the earliest), not David Katz's realized return — entry price and trades between filings aren't disclosed. Peak weight is share of disclosed US 13F book. All 129 multibaggers the cohort held →

Frequently asked questions

What stocks does David Katz own?
As of 2026Q2, David Katz's 13F discloses 106 positions worth $1.23B. The top five holdings: MSFT (5.2%), MAVF (4.4%), GOOG (3.9%), PNC (3.8%), QCOM (3.7%). 13F filings cover long US-listed equities only — cash, bonds, shorts, and non-US positions are not disclosed.
What did David Katz buy this quarter?
In 2026Q2, the filing shows 5 new positions and 13 additions to existing holdings. The largest positions touched by buying: TSN, HD, PG, LOW, TEL.
How big is David Katz's portfolio?
$1.23B across 106 positions per the latest 13F (filed Jul 15, 2026). The top five holdings account for 21% of the disclosed book.

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Long US equity 13F-HR filings only — no shorts, no derivatives. SEC filings at EDGAR (CIK 0001016287). Not investment advice.