N-Q 1 matrix_nq.htm QUARTERLY NOTICE OF PORTFOLIO HOLDINGS matrix_nq.htm
As filed with the Securities and Exchange Commission on November XX, 2007

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


 
FORM N-Q
 
 
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY
 



Investment Company Act file number  811 - 03758



MATRIX ADVISORS VALUE FUND, INC.



747 Third Avenue, 31st Floor, New York, NY 10017




David A. Katz
747 Third Avenue, 31st Floor
New York, NY 10017


1 (800) 366-6223


Copies to:

Carol Gehl
Godfrey & Kahn, S.C.
708 N. Water St.
Milwaukee, WI 53202


Date of fiscal year end: June 30

Date of reporting period:  September 30, 2007
 
 
Item 1. Schedule of Investments.
 
 
Matrix Advisors Value Fund, Inc.
            
Schedule of Investments
          
at September 30, 2007 (Unaudited)
        
               
       
Shares
  
Value
  
COMMON STOCK - 99.2%
            
Bank (Money Center): 6.8%
            
Citigroup, Inc.
      
167,200
$
7,803,224
  
J.P. Morgan Chase & Co.
    
137,000
  
6,277,340
  
           
14,080,564
  
Bank (Super Regional): 3.7%
            
Bank of America Corp.
    
150,084
  
7,544,723
  
               
Commercial Services & Supplies: 0.9%
          
H&R Block, Inc.
    
83,000
  
1,757,940
  
               
Computers and Peripherals: 1.8%
            
Dell, Inc. *
      
135,000
  
3,726,000
  
               
Consumer Finance: 1.1%
            
Discover Financial Services
    
108,000
  
2,246,400
  
               
Diversified Operations: 5.8%
            
3M Co.
      
55,000
  
5,146,900
  
General Electric Co.
    
164,000
  
6,789,600
  
           
11,936,500
  
Drug: 6.5%
              
Pfizer, Inc.
      
276,896
  
6,764,569
  
Wyeth
      
150,000
  
6,682,500
  
           
13,447,069
  
Drug (Generic): 3.3%
            
Teva Pharmaceutical Industries, Ltd. - ADR
  
154,500
  
6,870,615
  
               
Electronic Equipment & Instruments: 1.5%
          
Tyco Electronics Ltd.
    
86,075
  
3,049,637
  
               
Financial Services: 4.2%
            
Western Union Co.
    
410,000
  
8,597,700
  
               
Health Care Equipment & Supplies: 3.9%
          
Covidien Ltd. *
      
193,975
  
8,049,963
  
               
Hypermarkets & Super Centers: 3.7%
          
Wal-Mart Stores, Inc.
    
175,000
  
7,638,750
  
               
Industrial Conglomerates: 3.4%
            
Tyco International Ltd.
    
157,000
  
6,961,380
  
               
Insurance (Diversified): 3.9%
            
American International Group, Inc.
  
119,000
  
8,050,350
  
               
Media: 7.0%
              
Comcast Corp. *
    
294,000
  
7,044,240
  
Time Warner, Inc.
    
405,000
  
7,435,800
  
           
14,480,040
  
               
Matrix Advisors Value Fund, Inc. 
            
Schedule of Investments 
            
at September 30, 2007 (Unaudited) 
            
       
Shares
  
Value
  
               
Medical Products: 2.6%
            
Johnson & Johnson
    
82,000
$
5,387,400
  
               
Petroleum (Integrated): 11.0%
            
ChevronTexaco Corp.
    
84,000
  
7,860,720
  
ConocoPhillips
      
96,000
  
8,425,920
  
Devon Energy Corp.
    
76,200
  
6,339,840
  
           
22,626,480
  
Retail Store: 3.1%
            
Gap, Inc.
      
344,000
  
6,343,360
  
               
Securities Brokerage: 6.9%
            
Merrill Lynch & Co, Inc.
    
99,000
  
7,056,720
  
Morgan Stanley
  
114,000
  
7,182,000
  
           
14,238,720
  
Semiconductor: 4.7%
            
Analog Devices, Inc.
    
85,000
  
3,073,600
  
Intel Corp.
      
258,000
  
6,671,880
  
           
9,745,480
  
Semiconductor (Capital Equipment): 1.6%
          
Novellus Systems, Inc. *
    
124,000
  
3,380,240
  
               
Software: 5.5%
              
Microsoft Corp.
    
257,000
  
7,571,220
  
Symantec Corp. *
    
200,000
  
3,876,000
  
           
11,447,220
  
Specialty Retail: 3.8%
            
Office Depot, Inc. *
    
165,000
  
3,402,300
  
Staples, Inc.
      
207,500
  
4,459,175
  
           
7,861,475
  
Telecommunications (Equipment): 2.5%
          
Cisco Systems, Inc. *
    
155,300
  
5,141,983
  
               
TOTAL COMMON STOCKS (cost $178,013,428)
    
 $
204,609,989
  
               
       
Principal Amount
  
Value
  
SHORT TERM INVESTMENTS: 0.9%
          
Fidelity Institutional Money Market Portfolio
$
1,889,717
$
1,889,717
  
TOTAL SHORT TERM INVESTMENTS (cost $1,889,717)
        
               
Total Investments in Securities  (cost $179,903,145)+ : 100.1%
$
206,499,706
  
Liabilities in Excess of Other Assets - (0.1)%
      
         (155,572)
  
TOTAL NET ASSETS: 100.0%
      
$
206,344,134
  
               
* Non-income producing security.
          
ADR - American Depositary Receipt.
          
               
               
Matrix Advisors Value Fund, Inc. 
            
Schedule of Investments  
            
at September 30, 2007 (Unaudited) 
            
               
The cost basis of investments for federal income tax purposes at September 30, 2007 was as follows+:
  
               
Cost of investments
      
$
179,903,145
  
Gross unrealized appreciation
      
$
28,989,014
  
Gross unrealized depreciation
        
(2,392,453)
  
Net unrealized appreciation
      
$
26,596,561
  
               
+ Because tax adjustments are calculated annually, the above table reflects the tax adjustments outstanding at the Fund's
  
previous fiscal year end.  For the previous fiscal year's federal income tax information, please refer to the
  
Notes to Financial Statements section in the Fund's most recent semi-annual or annual report.
  
               
 
Item 2. Controls and Procedures.
 
(a)  
The Registrant’s President and Treasurer have concluded that the Registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the “1940 Act”)) are effective as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rules 15d-15(b) under the Securities Exchange Act of 1934, as amended.

(b)  
There were no changes in the Registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the Registrant's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Registrant's internal control over financial reporting.
 
 
Item 3. Exhibits.
 
Separate certifications for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the Act (17 CFR 270.30a-2(a)).  Filed herewith.
 
 
 SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


Matrix Advisors Value Fund, Inc.                                                                                     

By      /s/ David A. Katz                                                                                                      
                 David A. Katz, President and Treasurer

Date     11/27/07                                                                                                                    



Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By     /s/ David A. Katz                                                                                                        
       David A. Katz, President and Treasurer

Date      11/27/07