David Katz - Matrix Advisors Value Fund 13F Activity & Position Changes (Q4 2025)

According to the SEC 13F filed on Jan 16, 2026, the Matrix Advisors Value Fund portfolio showed several notable changes in holdings as of quarter-end Dec 31, 2025. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q4 2025, the filing reported:

New Buys - Bristol-Myers Squibb Company

Increases - Accenture plc, AFLAC Incorporated, iShares MSCI EAFE ETF, SPDR Gold Trust, Generac Holdlings Inc., and 32 more

Reductions - Apple Inc., AbbVie Inc., American Electric Power Company, Applied Materials, Inc., Amgen Inc., and 48 more

Complete Exits - Fiserv, Inc., Schwab US Dividend Equity ETF

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q4 2025	AAPL Apple Inc.	Apple Inc.	Sell	-1,747	-1.2%	$39.91M	146,802
Q4 2025	ABBV AbbVie Inc.	AbbVie Inc.	Sell	-528	-1.4%	$8.75M	38,285
Q4 2025	ACN Accenture plc	Accenture plc	Buy	+10,334	+110.6%	$5.28M	19,679
Q4 2025	AEP American Electric Power Company	American Electric Power Company	Sell	-5,835	-3.1%	$21.36M	185,281
Q4 2025	AFL AFLAC Incorporated	AFLAC Incorporated	Buy	+7	+0.1%	$688.39K	6,243
Q4 2025	AMAT Applied Materials, Inc.	Applied Materials, Inc.	Sell	-715	-1.0%	$18.45M	71,798
Q4 2025	AMGN Amgen Inc.	Amgen Inc.	Sell	-2,682	-2.5%	$33.89M	103,549
Q4 2025	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Sell	-525	-0.4%	$28.93M	125,319
Q4 2025	AVGO Broadcom Inc.	Broadcom Inc.	Sell	-20	-1.8%	$380.36K	1,099
Q4 2025	AXP American Express Company	American Express Company	Sell	-2	-0.1%	$1.13M	3,066
Q4 2025	BAC Bank of America Corporation	Bank of America Corporation	Sell	-327	-0.6%	$3.16M	57,421
Q4 2025	BK The Bank of New York Mellon Cor	The Bank of New York Mellon Cor	Sell	-7,168	-2.7%	$30.35M	261,427
Q4 2025	BMY Bristol-Myers Squibb Company	Bristol-Myers Squibb Company	Buy - Position Entry	+3,929	-	$211.93K	3,929
Q4 2025	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-6	-0.1%	$5.83M	11,595
Q4 2025	CMCSA Comcast Corporation	Comcast Corporation	Sell	-246,396	-29.1%	$17.94M	600,301
Q4 2025	COST Costco Wholesale Corporation	Costco Wholesale Corporation	Sell	-1	-0.2%	$485.90K	563
Q4 2025	CSCO Cisco Systems, Inc.	Cisco Systems, Inc.	Sell	-22,042	-16.4%	$8.65M	112,308
Q4 2025	CVS CVS Health Corporation	CVS Health Corporation	Sell	-2	-0.0%	$490.05K	6,175
Q4 2025	DHR Danaher Corporation	Danaher Corporation	Sell	-1	-0.1%	$389.85K	1,703
Q4 2025	EFA iShares MSCI EAFE ETF	iShares MSCI EAFE ETF	Buy	+29	+0.2%	$1.43M	14,854
Q4 2025	ETN Eaton	Eaton	Sell	-1	-0.1%	$274.56K	862
Q4 2025	FDX FedEx Corporation	FedEx Corporation	Sell	-420	-0.8%	$15.91M	55,079
Q4 2025	FI Fiserv, Inc.	Fiserv, Inc.	Sell - Position Exit	-78,306	-100.0%	$0.00	-
Q4 2025	GD General Dynamics Corporation	General Dynamics Corporation	Sell	-1,197	-3.9%	$10.01M	29,725
Q4 2025	GLD SPDR Gold Trust	SPDR Gold Trust	Buy	+27	+2.6%	$426.03K	1,075
Q4 2025	GNRC Generac Holdlings Inc.	Generac Holdlings Inc.	Buy	+46,101	+68.9%	$15.41M	112,991
Q4 2025	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-2,992	-1.9%	$49.46M	157,612
Q4 2025	GOOGL Alphabet Inc.	Alphabet Inc.	Sell	-5	-0.1%	$1.23M	3,942
Q4 2025	GS Goldman Sachs Group, Inc. (The)	Goldman Sachs Group, Inc. (The)	Sell	-677	-2.4%	$24.61M	27,996
Q4 2025	HD Home Depot, Inc. (The)	Home Depot, Inc. (The)	Buy	+2,412	+5.0%	$17.37M	50,466

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