Matrix Capital's Q4 Portfolio Shifts: Focus on Energy and Growth ETFs

Matrix Private Capital Group's portfolio, managed by Richard S. Fuld, reached a total value of $197.15 million as of December 31, 2025. The disclosed holdings primarily consist of various exchange-traded funds (ETFs) and mutual funds, reflecting a diversified investment strategy focused on broad market exposure and specific sector allocations.

Analysis of the portfolio changes from the previous quarter reveals several notable shifts. The most significant increase occurred in the XLE ETF, which tracks the Energy Select Sector SPDR Fund. Fuld's position in XLE saw a substantial 103.11% increase in shares, significantly boosting its portfolio allocation to 3.36%. This suggests a strategic move towards the energy sector during the quarter.

Across the board, Fuld maintained and slightly increased positions in several core holdings. Notable purchases or significant increases include:

• VTV (Vanguard Mid-Cap Value ETF): Increased by 4.25% in shares.
• VUG (Vanguard Growth ETF): Increased by 2.88% in shares.
• IEFA (iShares Core Pacific ex-US ETF): Increased by 5.51% in shares.
• IJR (iShares Core Small-Cap ETF): Increased by 3.53% in shares.
• XETYX (Eaton Vance Tax-Motivated Dynamic Income Fund): Increased by 3.4% in shares.
• BINC (BlackRock Intermediate Corporate Bond ETF): Increased by 32.67% in shares.

Conversely, some holdings experienced decreases during the quarter:

• MLPA (Global X Aerospace & Defense ETF): Decreased by 9.91% in shares.
• VWO (Vanguard FTSE Emerging Markets ETF): Decreased by 5.38% in shares.

No positions were listed as having been fully exited during this reporting period.

For a complete view of Richard S. Fuld's investment activities, visit his profile at InsiderSet.