N-Q 1 matrix-value_nq.htm QUARTERLY NOTICE OF PORTFOLIO HOLDINGS

As filed with the Securities and Exchange Commission on November 20, 2019



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.
(Exact name of registrant as specified in charter)



10 Bank Street, Suite 590
White Plains, NY 10606
(Address of principal executive offices) (Zip code)



David A. Katz
10 Bank Street, Suite 590
White Plains, NY 10606
 (Name and address of agent for service)



1 (800) 366-6223
Registrant's telephone number, including area code



Date of fiscal year end: June 30, 2020

Date of reporting period: September 30, 2019
 
Item 1. Schedule of Investments.
 
Matrix Advisors Value Fund, Inc.
      
Schedule of Investments
      
September 30, 2019 (Unaudited)
      
           
Shares
      
Value
  
           
COMMON STOCKS - 99.8%
      
Bank (Money Center): 5.1%
      
 
22,850
  
JPMorgan Chase & Co.
  
$
2,689,217
  
               
Bank (Processing): 2.8%
        
 
25,100
  
State Street Corp.
    
1,485,669
  
               
Bank (Regional): 2.9%
        
 
28,500
  
BB&T Corp.
    
1,521,045
  
               
Bank (Super Regional): 4.0%
        
 
42,300
  
Wells Fargo & Co.
    
2,133,612
  
               
Beverages: 2.3%
            
 
9,000
  
PepsiCo, Inc.
    
1,233,900
  
               
Biotechnology: 3.3%
            
 
27,200
  
Gilead Sciences, Inc.
    
1,723,936
  
               
Broadcasting/Cable TV: 0.5%
        
 
6,750
  
CBS Corp. - Class B
    
272,497
  
               
Cable TV: 3.6%
            
 
41,700
  
Comcast Corp. - Class A
    
1,879,836
  
               
Computer and Peripherals: 2.0%
        
 
4,800
  
Apple, Inc.
    
1,075,056
  
               
Computer Software and Services: 6.7%
        
 
18,400
  
Microsoft Corp.
    
2,558,152
  
 
41,000
  
Symantec Corp.
    
968,830
  
           
3,526,982
  
               
Consumer Discretionary (Multi-media): 4.1%
        
 
90,500
  
Viacom, Inc. - Class B
    
2,174,715
  
               
Diversified Operations: 1.9%
        
 
7,425
  
United Technologies Corp.
    
1,013,661
  
               
Drug: 3.3%
            
 
23,000
  
AbbVie, Inc.
    
1,741,560
  
               
Drug Store: 2.9%
            
 
24,200
  
CVS Health Corp.
    
1,526,294
  


Electrical Component: 3.8%
        
 
21,500
  
TE Connectivity Ltd.
    
2,003,370
  
               
Financial Services: 2.7%
        
 
15,700
  
Capital One Financial Corp.
    
1,428,386
  
               
Food Processing Retail: 2.4%
        
 
22,400
  
Mondelez International, Inc. - Class A
    
1,239,168
  
               
Insurance (Diversified): 3.2%
        
 
35,800
  
MetLife, Inc.
    
1,688,328
  
               
Internet: 1.7%
            
 
5,100
  
Facebook, Inc. - Class A *
    
908,208
  
               
Internet (Retail): 3.2%
        
 
43,100
  
eBay, Inc.
    
1,680,038
  
               
Internet Software & Services: 4.4%
        
 
1,910
  
Alphabet, Inc. - Class C *
    
2,328,290
  
               
Manufacturing - Miscellaneous: 3.6%
        
 
22,500
  
Eaton Corp. Plc
    
1,870,875
  
               
Medical Supplies: 3.4%
        
 
13,100
  
Zimmer Biomet Holdings, Inc.
    
1,798,237
  
               
Oil & Gas Services: 2.3%
        
 
35,500
  
Schlumberger Ltd.
    
1,213,035
  
               
Oil/Gas (Domestic): 1.2%
        
 
27,000
  
Devon Energy Corp.
    
649,620
  
               
Petroleum (Integrated): 2.1%
        
 
9,200
  
Chevron Corp.
    
1,091,120
  
               
Petroleum (Producing): 2.1%
        
 
25,100
  
Occidental Petroleum Corp.
    
1,116,197
  
               
Precision Instruments: 3.5%
        
 
6,300
  
Thermo Fisher Scientific, Inc.
    
1,835,001
  
               
Securities Brokerage: 6.3%
        
 
36,000
  
Morgan Stanley
    
1,536,120
  
 
8,500
  
The Goldman Sachs Group, Inc.
    
1,761,455
  
           
3,297,575
  
               
Telecommunications (Equipment): 6.6%
        
 
35,000
  
Cisco Systems, Inc.
    
1,729,350
  
 
22,600
  
QUALCOMM, Inc.
    
1,723,928
  
           
3,453,278
  

               
Transportation - Services: 1.9%
        
 
6,900
  
FedEx Corp.
    
1,004,433
  
               
TOTAL COMMON STOCKS (Cost $35,153,972)
  
$
52,603,139
  
               
SHORT-TERM INVESTMENTS - 0.2%
        
 
80,776
  
First American Government Obligations Fund, Class X - 1.87% **
    
80,776
  
               
TOTAL SHORT-TERM INVESTMENTS (Cost $80,776)
  
$
80,776
  
               
TOTAL INVESTMENTS (Cost $35,234,748): 100.0%
    
52,683,915
  
Other Assets in Excess of Liabilities: 0.0%
    
25,413
  
TOTAL NET ASSETS: 100.0%
  
$
52,709,328
  
               
* Non-Income Producing
        
** Rate quoted is seven-day yield at period end
        
 
                 
Matrix Advisors Value Fund, Inc.
              
 
Level 1
  
Level 2
  
Level 3
  
Total
  
                 
Equity
                
Common Stock*
  
$
52,603,139
    
$
-
    
$
-
    
$
52,603,139
  
Total Equity
    
52,603,139
      
-
      
-
      
52,603,139
  
                                 
Short-Term Investments
    
80,776
      
-
      
-
      
80,776
  
Total Investments in Securities
  
$
52,683,915
    
$
-
    
$
-
    
$
52,683,915
  
                                 
* See Funds' Schedule of Investments for Industry classifications.
                  


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”)) (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   November 13, 2019                              



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   November 13, 2019