Matrix Asset Advisors bought 113,000+ shares in Pfizer Inc

Matrix Asset Advisors Inc filed its most recent 13F on 18 Jul 2023, for the quarter ended 30 June 2023. 

The forthcoming report utilizes data sourced from Radient Analytics. Let's delve into key changes that happened for Matrix Asset Advisors, breaking down the 13F filings of its top buys and sells.

Top Buys made by Matrix Asset Advisors

Matrix Asset Advisors Inc., a leading investment management firm, has recently made several strategic moves in the market, as reflected in their top buys across various sectors.

In the healthcare sector, they initiated a new position in Pfizer Inc. by buying 113,474 shares worth $4.16M.

• They also made a new investment in UnitedHealth Group Inc., purchasing 7,058 shares valued at $3.39M.

In the technology and e-commerce sector, they increased their holdings in Amazon.com Inc. by 1.05%, adding 341 shares, bringing the total to 129,208 shares with a value of $16.84M.

In the banking sector, they slightly increased their stake in JPMorgan Chase & Co. by 0.07%, acquiring an additional 148 shares to total 215,166 shares valued at $31.29M.

In the defense sector, Matrix Asset Advisors significantly increased their holdings in General Dynamics Corp by 63.98%, buying an additional 14,462 shares to total 37,066 shares worth $7.97M.

• They also boosted their stake in L3Harris Technologies Inc. by 48.51%, purchasing an additional 11,874 shares for a total of 36,350 shares valued at $7.12M.

In the media sector, they slightly raised their position in Comcast Corp by 0.16%, acquiring an additional 1,101 shares to reach a total of 683,450 shares valued at $28.40M.

In the home improvement retail sector, Matrix Asset Advisors increased their holdings in Home Depot Inc. by 17.27%, adding 6,228 shares for a total of 42,300 shares worth $13.14M.

In the index funds sector, they initiated a new position in Vanguard Index Funds Total Stock Market, buying 10,481 shares worth $2.31M.

Lastly, in the railroad sector, they increased their stake in Union Pacific Corp by 13.99%, adding 7,204 shares for a total of 58,688 shares valued at $12.01M.

Top Sells Made by Matrix Asset Advisors

The firm recently updated its portfolio, making significant sales across a variety of sectors

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In the healthcare sector, the firm sold a portion of their shares in Gilead Sciences Inc., decreasing their stake by 6.79% to 300,731 shares valued at $23.18M.

• Similarly, they reduced their position in Zimmer Biomet Holdings Inc. by 26.75%, leaving them with 60,785 shares worth $8.85M.
• Furthermore, they slightly decreased their holdings in Bristol-Myers Squibb Co. by 0.37% to 5,440 shares valued at $348K.

In the consumer goods sector, Matrix Asset Advisors entirely sold out their stake in The Coca-Cola Co., previously holding 47,710 shares.

• They also reduced their shares in Starbucks Corp. by 5.98% to 106,897 shares valued at $10.59M.

In the media sector, the firm decreased their stake in Paramount Global by 2.71%, selling 11,620 shares to total 417,804 shares valued at $6.65M.

In the banking sector, the firm slightly reduced their holdings in U.S. Bancorp by 0.21% to 555,973 shares worth $18.37M.

• They also significantly cut down their shares in Capital One Financial Corp. by 56.15%, selling 3,091 shares to remain with 2,414 shares valued at $264K.

In the travel services sector, the firm reduced their stake in Booking Holdings Inc. by 2.30%, selling 122 shares to total 5,173 shares valued at $13.97M.

Finally, in the aerospace sector, the firm reduced their position in The Boeing Co. by 4.66%, selling 75 shares to total 1,536 shares worth $324K.