N-Q 1 matrix_nq.htm QUARTERLY NOTICE OF PORTFOLIO HOLDINGS matrix_nq.htm
As filed with the Securities and Exchange Commission on May 23, 2013
 

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, 2013

Date of reporting period:  March  31, 2013
 
 
 
 
 
Item 1. Schedule of Investments.
 
Matrix Advisors Value Fund, Inc.
      
Schedule of Investments
      
March 31, 2013 (Unaudited)
      
           
Shares
      
Value
  
       
COMMON STOCKS - 99.5%
      
Auto Components: 1.1%
      
  17,000  
Johnson Controls, Inc.
   $ 596,190  
Bank (Money Center): 4.1%
        
  49,000  
JPMorgan Chase & Co.
     2,325,540  
Bank (Processing): 4.1%
        
  39,300  
State Street Corp.
     2,322,237  
Bank (Regional): 2.9%
        
  53,400  
BB&T Corp.
     1,676,226  
Bank (Super Regional): 4.2%
        
  65,000  
Wells Fargo & Co.
     2,404,350  
Beverages: 2.3%
        
  12,000  
PepsiCo, Inc.
     949,320  
  9,000  
The Coca-Cola Co.
     363,960  
            1,313,280  
Communications Equipment: 1.8%
        
  22,100  
Harris Corp.
     1,024,114  
Computer Software and Services: 3.3%
        
  66,000  
Microsoft Corp.
     1,888,260  
Computers and Peripherals: 3.1%
        
  116,000  
Dell, Inc.
     1,662,280  
  5,000  
Hewlett-Packard Co.
     119,200  
            1,781,480  
Drug (Generic): 3.1%
        
  45,000  
Teva Pharmaceutical Industries, Ltd. - ADR
     1,785,600  
Drug Store: 3.0%
        
  30,800  
CVS Caremark Corp.
     1,693,692  
Electrical Component: 10.2%
        
  150,000  
Corning, Inc.
     1,999,500  
  33,500  
Emerson Electric Co.
     1,871,645  
  45,800  
TE Connectivity Ltd.
     1,920,394  
            5,791,539  
Financial Services: 3.2%
        
  27,000  
American Express Co.
     1,821,420  
Food Processing: 3.2%
        
  54,000  
Archer Daniels Midland Co.
     1,821,420  
Food Processing (Retail): 0.9%
        
  8,000  
Kellogg Co.
     515,440  
Household Products: 3.6%
        
  26,500  
The Procter & Gamble Co.
     2,042,090  
Insurance (Diversified): 4.1%
        
  61,500  
Metlife, Inc.
     2,338,230  
Medical Products: 3.5%
        
  24,500  
Johnson & Johnson
     1,997,485  
Medical Supplies: 3.4%
        
  25,500  
Zimmer Holdings, Inc.
     1,918,110  
Oil/Gas (Domestic): 3.6%
        
  36,500  
Devon Energy Corp.
     2,059,330  
 
 
 
 
 
Oil & Gas Services: 7.1%
        
  26,500  
Schlumberger Ltd.
     1,984,585  
  41,000  
Tidewater, Inc.
     2,070,500  
            4,055,085  
Petroleum (Integrated): 3.4%
        
  16,100  
Chevron Corp.
     1,913,002  
Petroleum (Producing): 6.0%
        
  29,300  
ConocoPhillips
     1,760,930  
  21,500  
Occidental Petroleum Corp.
     1,684,955  
            3,445,885  
Precision Instruments: 2.5%
        
  18,400  
Thermo Fisher Scientific, Inc.
     1,407,416  
Securities Brokerage: 6.9%
        
  82,000  
Morgan Stanley
     1,802,360  
  119,600  
The Charles Schwab Corp.
     2,115,724  
            3,918,084  
Telecommunications (Equipment): 3.4%
        
  92,000  
Cisco Systems, Inc.
     1,923,720  
Telecommunications (Foreign): 1.5%
        
  30,700  
Vodafone Group PLC - ADR
     872,187  
         
TOTAL COMMON STOCKS (Cost $45,652,196)
   $ 56,651,412  
         
SHORT TERM INVESTMENTS: 0.7%
        
  389,927  
Fidelity Institutional Money Market Portfolio
     389,927  
               
TOTAL SHORT TERM INVESTMENTS (Cost $389,927)
     389,927  
         
TOTAL INVESTMENTS (Cost $46,042,123): 100.2%
     57,041,339  
LIABILITIES IN EXCESS OF OTHER ASSETS: (0.2)%
     (122,949 )
TOTAL NET ASSETS: 100.0%
   $ 56,918,390  
               
ADR - American Depository Receipt
        
               
The cost basis of investment for federal income tax purposes at March 31, 2013, was as follows+:
        
               
Cost of investments   $ 46,042,123  
Gross unrealized appreciation
     12,530,083  
Gross unrealized depreciation
     (1,530,867 )
Net unrealized depreciation
   $ 10,999,216  
               
+Because tax adjustments are calculated annually, the above table does not reflect tax adjustments. 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.
  
 
 
 
 
 
The Funds follow a fair value hierarchy that distinguishes between market data obtained from independent sources (observable inputs) and the Funds' own
market assumptions (unobservable inputs). These inputs are used in determining the value of each Fund's investments and are summarized in the following
fair value hierarchy:
                
                 
     Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the company has the ability to access.
  
                 
     Level 2 - Observable inputs other than quoted prices included in level 1 that are observable for the asset or liability, either directly or indirectly.  These
 inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayments
                     speeds, credit risk, yield curves, default rates and similar data.
          
                 
     Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the company's own
                     assumptions about the assumption a market participant would use in valuing the asset or liability, and would be based on the best information
                     available.
                
                 
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
 
The following is a summary of the inputs used to value the Funds’ net assets as of March 31, 2013:
        
 
   
   
Quoted prices in active markets for identical assets (Level 1)
    
Significant other
observable inputs
(Level 2)
    
Significant
unobservable inputs
(Level 3)
        
       
       
Description
  
Total
  
Equity
                        
    Common Stock *
   $ 56,651,412     $ -     $ -     $ 56,651,412  
Total Equity
   $ 56,651,412     $ -     $ -     $ 56,651,412  
Short-Term Investments
   $ 389,927     $ -     $ -     $ 389,927  
Total Investments in Securities
   $ 57,041,339     $ -     $ -     $ 57,041,339  
* Refer to the Schedule of Investments for a breakout of common stocks by industry classification.
                  
There were no transfers between Level 1, Level 2, or Level 3.
                          
 

 
 
 
 
 
Item 2. Controls and Procedures.
 
(a)  
The Registrant’s President/Chief Executive Officer and Treasurer/Chief Financial Officer 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”)) (17 CFR 270.30a-3(c)) 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 (17 CFR 270.30a-3(b)) and Rule 13a-15(b) or Rule 15d-15(b) under the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15(d)).

(b)  
There were no changes in the Registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) (17 CFR 270.30a-3(d)) that occurred during the Registrant's last fiscal quarter that have materially affected, or are 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 1940 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  May 22, 2013                                            
 

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  May 22, 2013