2/11/2012

David A. Katz - Matrix Advisors Value Fund Portfolio Q4/2011

David A. Katz Fund Investing Strategies By Dividend Yield – Stock Capital, Investment. Here is a current portfolio update of David A. Katz’s - Matrix Advisors Value - portfolio movements as of Q4/2011 (December 31, 2011). In total, he has 35 stocks with a total portfolio worth of USD 75,881,000.

Strategy:
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.

David A. Katz’s fund positions as of Q4/2011 with actual share movements:
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Sym - Stock
Portfolio Weight
Recent activity
Reported Price*
WFC - Wells Fargo
3.92
Reduce 13.25%
$27.56
STT - State Street Corp.
3.82
Reduce 10.56%
$40.31
COP - ConocoPhillips
3.73
Reduce 19.17%
$72.86
JPM - JPMorgan Chase & Co.
3.72
0
$33.25
DVN - Devon Energy Corp.
3.6
0
$62.00
TDW - Tidewater Inc.
3.57
Reduce 3.51%
$49.31
EBAY - eBay Inc.
3.52
Reduce 3.30%
$30.33
DELL - Dell Inc.
3.52
Reduce 8.75%
$14.63
MET - MetLife Inc.
3.51
0
$31.18
ZMH - Zimmer Holdings
3.45
Add 1.03%
$53.43
CVX - Chevron Corp.
3.37
Reduce 12.73%
$106.42
MSFT - Microsoft Corp.
3.35
Reduce 7.55%
$25.96
CSCO - Cisco Systems
3.34
Reduce 18.13%
$18.08
HRS - Harris Corp.
3.32
0
$36.04
GLW - Corning Inc.
3.3
0
$12.98
WU - Western Union Co.
3.3
Reduce 13.29%
$18.26
STJ - St Jude Medical
3.28
Add 16.94%
$34.30
SPLS - Staples Inc.
3.26
0
$13.89
WAG - Walgreen Co.
3.07
0
$33.06
ADI - Analog Devices
2.92
Reduce 11.43%
$35.77
CVS - CVS Caremark Corp.
2.67
0
$40.78
BBT - BB&T Corp.
2.59
0
$25.17
ADM - Archer-Daniels-Midland
2.53
Reduce 18.29%
$28.60
CCL - Carnival Corp.
2.45
Reduce 5.00%
$32.63
AXP - American Express
2.42
0
$47.18
VLO - Valero Energy
2.39
Reduce 5.49%
$21.05
TEL - TE Connectivity
2.31
0
$30.81
PG - Procter & Gamble
2.26
Reduce 1.53%
$66.69
AA - Alcoa Inc.
2.23
0
$8.65
MS - Morgan Stanley
2.2
0
$15.13
MWW - Monster Worldwide
2.19
0
$7.93
VOD - Vodafone Group PLC
1.66
0
$28.02
TEVA - Teva Pharmaceutical Industries Ltd.
1.54
Add 9.43%
$40.34
SCHW - Charles Schwab
1.31
Add 59.42%
$11.26
KO - Coca Cola Co.
0.37
Reduce 20.00%
$70.00







Related Stock Ticker of David A. Katz’s Fund Portfolio:
COP, WFC, DELL, EBAY, CSCO, MSFT, MH, STT, JPM, CVX, DVN, WU, MET, TDW, HRS, GLW, SPLS, WAG, STJ, ADI, ADM, AA, CCL, AXP, CVS, BBT, PG, VLO, TEL, MWW, MS, VOD, TEVA, SCHW, KO

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