David Katz

Matrix Asset Advisors

2026Q1 · filed Apr 22, 2026105 positions · $1.09Btop-5 21%

2026Q1 brief

David Katz's Matrix Asset Advisors ($1.09B, 105 positions) ran a diversified, value-tilted book with a few pointed moves this quarter. The most eye-catching was a +2,220% surge in PG (Procter & Gamble) to 0.68% — almost certainly a new-to-meaningful build from a near-zero prior stake, signaling a defensive consumer rotation. MSFT was added to (+20%, now 5.8%, the top holding) and QCOM was built up +32% to 3.4%, suggesting selective tech re-engagement. CMCSA jumped +51% to 2.4%, a contrarian value bet on legacy media. Conversely, Katz exited LHX (1.1%) and GD (0.9%) — both defense names — entirely, alongside CSCO and UNH, a notable clearing of healthcare and legacy tech. New positions in NKE (0.6%) and ADP (0.25%) add consumer/payroll-services exposure. The pattern is mild rotation away from defense and managed care toward consumer staples, communications, and select tech. Watch whether the CMCSA and NKE positions are scaled meaningfully in the next filing as potential emerging conviction bets.

AI-generated. Not investment advice.

Holdings (105) · click any column to sort

#↑	Ticker	Issuer	% Port.	This Q	History	Value
1	MSFT	Microsoft Corp	5.8%	+20%	40q held	$63M
2	MAVF	Matrix Advisors Value Etf	4.4%		5q held	$48M
3	GOOG	Alphabet Inc-cl C	3.8%		40q held	$41M
4	PNC	Pnc Financial Services Group	3.7%		29q held	$40M
5	JPM	Jpmorgan Chase & CO	3.6%		40q held	$40M
6	MS	Morgan Stanley	3.6%		40q held	$39M
7	AAPL	Apple Inc	3.6%		40q held	$39M
8	PEP	Pepsico Inc	3.4%		32q held	$37M
9	QCOM	Qualcomm Inc	3.4%	+32%	40q held	$37M
10	USB	US Bancorp	3.4%		24q held	$37M
11	AMGN	Amgen Inc	3.2%		23q held	$35M
12	MDT	Medtronic Plc	3.0%		17q held	$33M
13	BK	Bank OF New York Mellon Corp	2.7%		20q held	$29M
14	AMZN	Amazon.com Inc	2.6%		30q held	$28M
15	TXN	Texas Instruments Inc	2.5%		17q held	$27M
16	CMCSA	Comcast Corp-class A	2.4%	+51%	40q held	$26M
17	NEE	Nextera Energy Inc	2.3%		11q held	$25M
18	TSN	Tyson Foods Inc-cl A	2.2%		13q held	$24M
19	GNRC	Generac Holdings Inc	2.0%		5q held	$22M
20	GS	Goldman Sachs Group Inc	2.0%		38q held	$21M
21	AMAT	Applied Materials Inc	1.8%		4q held	$20M
22	LMT	Lockheed Martin Corp	1.8%		4q held	$20M
23	SBUX	Starbucks Corp	1.8%		16q held	$20M
24	AEP	American Electric Power	1.8%		18q held	$20M
25	META	Meta Platforms Inc-class A	1.7%		31q held	$19M
26	VOO	Vanguard S&p 500 Etf	1.7%		19q held	$18M
27	TGT	Target Corp	1.6%		14q held	$17M
28	WFC	Wells Fargo & CO	1.6%		40q held	$17M
29	HD	Home Depot Inc	1.6%		23q held	$17M
30	VEA	Vanguard Ftse Developed Etf	1.5%		21q held	$17M
31	MTB	M & T Bank Corp	1.5%		24q held	$16M
32	FDX	Fedex Corp	1.4%		28q held	$16M
33	VYM	Vanguard High Dvd Yield Etf	1.4%		24q held	$15M
34	LOW	Lowe's Cos Inc	1.4%		8q held	$15M
35	PYPL	Paypal Holdings Inc	1.1%		17q held	$12M
36	IWF	Ishares Russell 1000 Growth	1.0%		21q held	$11M
37	TMO	Thermo Fisher Scientific Inc	1.0%		40q held	$11M
38	ABBV	Abbvie Inc	0.8%		40q held	$9M
39	IJR	Ishares Core S&p Small-cap E	0.8%		20q held	$8M
40	PG	Procter & Gamble Co/the	0.7%	+2220%	40q held	$7M
41	NKE	Nike Inc -cl B	0.6%	New	6q held	$7M
42	STZ	Constellation Brands Inc-a	0.6%		3q held	$7M
43	TEL	TE Connectivity Plc	0.6%	-30%	7q held	$7M
44	ACN	Accenture Plc Ireland	0.6%	+68%	13q held	$7M
45	IWR	Ishares Russell Mid-cap Etf	0.5%		19q held	$6M
46	VTV	Vanguard Value Etf	0.5%		10q held	$6M
47	BRK/B	Berkshire Hathaway Inc-cl B	0.5%		40q held	$6M
48	MDY	State Street Spdr S&p Midcap	0.3%		34q held	$4M
49	TCHP	T Rowe Price Blue Chip Growt	0.3%		14q held	$3M
50	ADP	Automatic Data Processing	0.3%	New	2q held	$3M
51	BAC	Bank OF America Corp	0.2%		13q held	$3M
52	IWM	Ishares Russell 2000 Etf	0.2%		40q held	$3M
53	VWO	Vanguard Ftse Emerging Marke	0.2%		16q held	$2M
54	VO	Vanguard Mid-cap Etf	0.2%	+52%	14q held	$2M
55	IVV	Ishares Core S&p 500 Etf	0.2%		32q held	$2M
56	INTU	Intuit Inc	0.1%	+721%	13q held	$2M
57	EFA	Ishares Msci Eafe Etf	0.1%		28q held	$1M
58	VUG	Vanguard Growth Etf	0.1%		27q held	$1M
59	NVDA	Nvidia Corp	0.1%		12q held	$1M
60	IWD	Ishares Russell 1000 Value E	0.1%		16q held	$1M
61	GOOGL	Alphabet Inc-cl A	0.1%		22q held	$1M
62	VTI	Vanguard Total Stock Mkt Etf	0.1%		21q held	$1M
63	AXP	American Express CO	0.1%		40q held	$906K
64	QQQ	Invesco Qqq Trust Series 1	0.1%		24q held	$845K
65	VIG	Vanguard Dividend Apprec Etf	0.1%		26q held	$703K
66	AFL	Aflac Inc	0.1%		40q held	$686K
67	VONG	Vanguard Russell 1000 Growth	0.1%	New	— 1q held	$669K
68	SPYX	SS Spdr S&p 500 Foss FL Etf	0.1%		18q held	$663K
69	XOM	Exxon Mobil Corp	0.1%		40q held	$652K
70	COF	Capital One Financial Corp	0.1%		40q held	$580K
71	ESGD	Ishares Trust Ishares Esg AW	0.1%		17q held	$570K
72	COST	Costco Wholesale Corp	0.1%		13q held	$557K
73	SDY	SS Spdr S&p Dividend Etf	0.1%		32q held	$552K
74	ASTS	Ast Spacemobile Inc	<0.1%		4q held	$446K
75	CVS	Cvs Health Corp	<0.1%		40q held	$443K
76	GLD	Spdr Gold Shares	<0.1%		18q held	$423K
77	WMT	Walmart Inc	<0.1%		39q held	$397K
78	JNJ	Johnson & Johnson	<0.1%	-48%	40q held	$396K
79	APH	Amphenol Corp-cl A	<0.1%		7q held	$386K
80	V	Visa Inc-class A Shares	<0.1%		13q held	$347K
81	IJH	Ishares Core S&p Midcap Etf	<0.1%		4q held	$346K
82	AVGO	Broadcom Inc	<0.1%		5q held	$340K
83	MCD	Mcdonald's Corp	<0.1%		17q held	$340K
84	PLTR	Palantir Technologies Inc-a	<0.1%		4q held	$338K
85	IWN	Ishares Russell 2000 Value E	<0.1%		9q held	$335K
86	DHR	Danaher Corp	<0.1%		17q held	$321K
87	NUE	Nucor Corp	<0.1%	-24%	7q held	$316K
88	G29183103	Eaton Corp Plc	<0.1%		29q held	$308K
89	XLK	SS Technology Select Sector	<0.1%		13q held	$308K
90	VB	Vanguard Small-cap Etf	<0.1%		18q held	$301K
91	SPYG	SS Spdr P S&p 500 Growth Etf	<0.1%		10q held	$298K
92	IEMG	Ishares Core Msci Emerging	<0.1%		26q held	$290K
93	LLY	Eli Lilly & CO	<0.1%		9q held	$286K
94	QQQM	Invesco Nasdaq 100 Etf	<0.1%		5q held	$250K
95	IWB	Ishares Russell 1000 Etf	<0.1%		17q held	$249K
96	SKYX	Skyx Platforms Corp	<0.1%		15q held	$226K
97	AON	Aon Plc	<0.1%		7q held	$209K
98	MPC	Marathon Petroleum Corp	<0.1%	New	— 1q held	$209K
99	CL	Colgate-palmolive CO	<0.1%	New	23q held	$203K
100	MRK	Merck & Co. Inc.	<0.1%	-42%	40q held	$201K
101	SCHD	Schwab US Dvd Equity Etf	<0.1%	New	4q held	$200K
102	M25722105	Compugen Ltd	<0.1%		40q held	$200K
103	DCGO	Docgo Inc	<0.1%		11q held	$63K
104	SCWO	374water Inc	<0.1%		2q held	$28K
105	MRKR	Marker Therapeutics Inc	<0.1%		13q held	$20K

Sort↑

1MSFT
5.8%
$63M
Microsoft Corp
this Q +20%·40q
2MAVF
4.4%
$48M
Matrix Advisors Value Etf
this Q hold·5q
3GOOG
3.8%
$41M
Alphabet Inc-cl C
this Q hold·40q
4PNC
3.7%
$40M
Pnc Financial Services Group
this Q hold·29q
5JPM
3.6%
$40M
Jpmorgan Chase & CO
this Q hold·40q
6MS
3.6%
$39M
Morgan Stanley
this Q hold·40q
7AAPL
3.6%
$39M
Apple Inc
this Q hold·40q
8PEP
3.4%
$37M
Pepsico Inc
this Q hold·32q
9QCOM
3.4%
$37M
Qualcomm Inc
this Q +32%·40q
10USB
3.4%
$37M
US Bancorp
this Q hold·24q
11AMGN
3.2%
$35M
Amgen Inc
this Q hold·23q
12MDT
3.0%
$33M
Medtronic Plc
this Q hold·17q
13BK
2.7%
$29M
Bank OF New York Mellon Corp
this Q hold·20q
14AMZN
2.6%
$28M
Amazon.com Inc
this Q hold·30q
15TXN
2.5%
$27M
Texas Instruments Inc
this Q hold·17q
16CMCSA
2.4%
$26M
Comcast Corp-class A
this Q +51%·40q
17NEE
2.3%
$25M
Nextera Energy Inc
this Q hold·11q
18TSN
2.2%
$24M
Tyson Foods Inc-cl A
this Q hold·13q
19GNRC
2.0%
$22M
Generac Holdings Inc
this Q hold·5q
20GS
2.0%
$21M
Goldman Sachs Group Inc
this Q hold·38q
21AMAT
1.8%
$20M
Applied Materials Inc
this Q hold·4q
22LMT
1.8%
$20M
Lockheed Martin Corp
this Q hold·4q
23SBUX
1.8%
$20M
Starbucks Corp
this Q hold·16q
24AEP
1.8%
$20M
American Electric Power
this Q hold·18q
25META
1.7%
$19M
Meta Platforms Inc-class A
this Q hold·31q
26VOO
1.7%
$18M
Vanguard S&p 500 Etf
this Q hold·19q
27TGT
1.6%
$17M
Target Corp
this Q hold·14q
28WFC
1.6%
$17M
Wells Fargo & CO
this Q hold·40q
29HD
1.6%
$17M
Home Depot Inc
this Q hold·23q
30VEA
1.5%
$17M
Vanguard Ftse Developed Etf
this Q hold·21q
31MTB
1.5%
$16M
M & T Bank Corp
this Q hold·24q
32FDX
1.4%
$16M
Fedex Corp
this Q hold·28q
33VYM
1.4%
$15M
Vanguard High Dvd Yield Etf
this Q hold·24q
34LOW
1.4%
$15M
Lowe's Cos Inc
this Q hold·8q
35PYPL
1.1%
$12M
Paypal Holdings Inc
this Q hold·17q
36IWF
1.0%
$11M
Ishares Russell 1000 Growth
this Q hold·21q
37TMO
1.0%
$11M
Thermo Fisher Scientific Inc
this Q hold·40q
38ABBV
0.8%
$9M
Abbvie Inc
this Q hold·40q
39IJR
0.8%
$8M
Ishares Core S&p Small-cap E
this Q hold·20q
40PG
0.7%
$7M
Procter & Gamble Co/the
this Q +2220%·40q
41NKE
0.6%
$7M
Nike Inc -cl B
this Q New·6q
42STZ
0.6%
$7M
Constellation Brands Inc-a
this Q hold·3q
43TEL
0.6%
$7M
TE Connectivity Plc
this Q -30%·7q
44ACN
0.6%
$7M
Accenture Plc Ireland
this Q +68%·13q
45IWR
0.5%
$6M
Ishares Russell Mid-cap Etf
this Q hold·19q
46VTV
0.5%
$6M
Vanguard Value Etf
this Q hold·10q
47BRK/B
0.5%
$6M
Berkshire Hathaway Inc-cl B
this Q hold·40q
48MDY
0.3%
$4M
State Street Spdr S&p Midcap
this Q hold·34q
49TCHP
0.3%
$3M
T Rowe Price Blue Chip Growt
this Q hold·14q
50ADP
0.3%
$3M
Automatic Data Processing
this Q New·2q
51BAC
0.2%
$3M
Bank OF America Corp
this Q hold·13q
52IWM
0.2%
$3M
Ishares Russell 2000 Etf
this Q hold·40q
53VWO
0.2%
$2M
Vanguard Ftse Emerging Marke
this Q hold·16q
54VO
0.2%
$2M
Vanguard Mid-cap Etf
this Q +52%·14q
55IVV
0.2%
$2M
Ishares Core S&p 500 Etf
this Q hold·32q
56INTU
0.1%
$2M
Intuit Inc
this Q +721%·13q
57EFA
0.1%
$1M
Ishares Msci Eafe Etf
this Q hold·28q
58VUG
0.1%
$1M
Vanguard Growth Etf
this Q hold·27q
59NVDA
0.1%
$1M
Nvidia Corp
this Q hold·12q
60IWD
0.1%
$1M
Ishares Russell 1000 Value E
this Q hold·16q
61GOOGL
0.1%
$1M
Alphabet Inc-cl A
this Q hold·22q
62VTI
0.1%
$1M
Vanguard Total Stock Mkt Etf
this Q hold·21q
63AXP
0.1%
$906K
American Express CO
this Q hold·40q
64QQQ
0.1%
$845K
Invesco Qqq Trust Series 1
this Q hold·24q
65VIG
0.1%
$703K
Vanguard Dividend Apprec Etf
this Q hold·26q
66AFL
0.1%
$686K
Aflac Inc
this Q hold·40q
67VONG
0.1%
$669K
Vanguard Russell 1000 Growth
this Q New·—1q
68SPYX
0.1%
$663K
SS Spdr S&p 500 Foss FL Etf
this Q hold·18q
69XOM
0.1%
$652K
Exxon Mobil Corp
this Q hold·40q
70COF
0.1%
$580K
Capital One Financial Corp
this Q hold·40q
71ESGD
0.1%
$570K
Ishares Trust Ishares Esg AW
this Q hold·17q
72COST
0.1%
$557K
Costco Wholesale Corp
this Q hold·13q
73SDY
0.1%
$552K
SS Spdr S&p Dividend Etf
this Q hold·32q
74ASTS
<0.1%
$446K
Ast Spacemobile Inc
this Q hold·4q
75CVS
<0.1%
$443K
Cvs Health Corp
this Q hold·40q
76GLD
<0.1%
$423K
Spdr Gold Shares
this Q hold·18q
77WMT
<0.1%
$397K
Walmart Inc
this Q hold·39q
78JNJ
<0.1%
$396K
Johnson & Johnson
this Q -48%·40q
79APH
<0.1%
$386K
Amphenol Corp-cl A
this Q hold·7q
80V
<0.1%
$347K
Visa Inc-class A Shares
this Q hold·13q
81IJH
<0.1%
$346K
Ishares Core S&p Midcap Etf
this Q hold·4q
82AVGO
<0.1%
$340K
Broadcom Inc
this Q hold·5q
83MCD
<0.1%
$340K
Mcdonald's Corp
this Q hold·17q
84PLTR
<0.1%
$338K
Palantir Technologies Inc-a
this Q hold·4q
85IWN
<0.1%
$335K
Ishares Russell 2000 Value E
this Q hold·9q
86DHR
<0.1%
$321K
Danaher Corp
this Q hold·17q
87NUE
<0.1%
$316K
Nucor Corp
this Q -24%·7q
88G29183103
<0.1%
$308K
Eaton Corp Plc
this Q hold·29q
89XLK
<0.1%
$308K
SS Technology Select Sector
this Q hold·13q
90VB
<0.1%
$301K
Vanguard Small-cap Etf
this Q hold·18q
91SPYG
<0.1%
$298K
SS Spdr P S&p 500 Growth Etf
this Q hold·10q
92IEMG
<0.1%
$290K
Ishares Core Msci Emerging
this Q hold·26q
93LLY
<0.1%
$286K
Eli Lilly & CO
this Q hold·9q
94QQQM
<0.1%
$250K
Invesco Nasdaq 100 Etf
this Q hold·5q
95IWB
<0.1%
$249K
Ishares Russell 1000 Etf
this Q hold·17q
96SKYX
<0.1%
$226K
Skyx Platforms Corp
this Q hold·15q
97AON
<0.1%
$209K
Aon Plc
this Q hold·7q
98MPC
<0.1%
$209K
Marathon Petroleum Corp
this Q New·—1q
99CL
<0.1%
$203K
Colgate-palmolive CO
this Q New·23q
100MRK
<0.1%
$201K
Merck & Co. Inc.
this Q -42%·40q
101SCHD
<0.1%
$200K
Schwab US Dvd Equity Etf
this Q New·4q
102M25722105
<0.1%
$200K
Compugen Ltd
this Q hold·40q
103DCGO
<0.1%
$63K
Docgo Inc
this Q hold·11q
104SCWO
<0.1%
$28K
374water Inc
this Q hold·2q
105MRKR
<0.1%
$20K
Marker Therapeutics Inc
this Q hold·13q

All activity (2026Q1)

Ticker	Issuer	Move	% Port.	Δ Shares	Value
MSFT	Microsoft Corp	ADD	5.8%	+20%	$63M
QCOM	Qualcomm Inc	ADD	3.4%	+32%	$37M
CMCSA	Comcast Corp-class A	ADD	2.4%	+51%	$26M
LHX	L3harris Technologies Inc	EXIT	1.1%	-100%	$0
TEL	TE Connectivity Plc	TRIM	0.6%	-30%	$7M
GD	General Dynamics Corp	EXIT	0.9%	-100%	$0
CSCO	Cisco Systems Inc	EXIT	0.8%	-100%	$0
PG	Procter & Gamble Co/the	ADD	0.7%	+2220%	$7M
NKE	Nike Inc -cl B	NEW	0.6%	+100%	$7M
ACN	Accenture Plc Ireland	ADD	0.6%	+68%	$7M
ADP	Automatic Data Processing	NEW	0.3%	+100%	$3M
ZBH	Zimmer Biomet Holdings Inc	EXIT	0.2%	-100%	$0
VO	Vanguard Mid-cap Etf	ADD	0.2%	+52%	$2M
INTU	Intuit Inc	ADD	0.1%	+721%	$2M
VONG	Vanguard Russell 1000 Growth	NEW	0.1%	+100%	$669K
JNJ	Johnson & Johnson	TRIM	<0.1%	-48%	$396K
NUE	Nucor Corp	TRIM	<0.1%	-24%	$316K
MRK	Merck & Co. Inc.	TRIM	<0.1%	-42%	$201K
IBM	Intl Business Machines Corp	EXIT	<0.1%	-100%	$0
UNH	Unitedhealth Group Inc	EXIT	<0.1%	-100%	$0
TSLA	Tesla Inc	EXIT	<0.1%	-100%	$0
MPC	Marathon Petroleum Corp	NEW	<0.1%	+100%	$209K
CL	Colgate-palmolive CO	NEW	<0.1%	+100%	$203K
BMY	Bristol-myers Squibb CO	EXIT	<0.1%	-100%	$0
SCHD	Schwab US Dvd Equity Etf	NEW	<0.1%	+100%	$200K

ADDMSFT
5.8%
Microsoft Corp
Δ +20%·$63M
ADDQCOM
3.4%
Qualcomm Inc
Δ +32%·$37M
ADDCMCSA
2.4%
Comcast Corp-class A
Δ +51%·$26M
EXITLHX
1.1%
L3harris Technologies Inc
Δ -100%·$0
TRIMTEL
0.6%
TE Connectivity Plc
Δ -30%·$7M
EXITGD
0.9%
General Dynamics Corp
Δ -100%·$0
EXITCSCO
0.8%
Cisco Systems Inc
Δ -100%·$0
ADDPG
0.7%
Procter & Gamble Co/the
Δ +2220%·$7M
NEWNKE
0.6%
Nike Inc -cl B
Δ +100%·$7M
ADDACN
0.6%
Accenture Plc Ireland
Δ +68%·$7M
NEWADP
0.3%
Automatic Data Processing
Δ +100%·$3M
EXITZBH
0.2%
Zimmer Biomet Holdings Inc
Δ -100%·$0
ADDVO
0.2%
Vanguard Mid-cap Etf
Δ +52%·$2M
ADDINTU
0.1%
Intuit Inc
Δ +721%·$2M
NEWVONG
0.1%
Vanguard Russell 1000 Growth
Δ +100%·$669K
TRIMJNJ
<0.1%
Johnson & Johnson
Δ -48%·$396K
TRIMNUE
<0.1%
Nucor Corp
Δ -24%·$316K
TRIMMRK
<0.1%
Merck & Co. Inc.
Δ -42%·$201K
EXITIBM
<0.1%
Intl Business Machines Corp
Δ -100%·$0
EXITUNH
<0.1%
Unitedhealth Group Inc
Δ -100%·$0
EXITTSLA
<0.1%
Tesla Inc
Δ -100%·$0
NEWMPC
<0.1%
Marathon Petroleum Corp
Δ +100%·$209K
NEWCL
<0.1%
Colgate-palmolive CO
Δ +100%·$203K
EXITBMY
<0.1%
Bristol-myers Squibb CO
Δ -100%·$0
NEWSCHD
<0.1%
Schwab US Dvd Equity Etf
Δ +100%·$200K

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