SEC 13F Intelligence

Managers / Q1 2025 · view latest →

Matrix Trust Co

CIK 0001784277 · 717 17TH STREET, SUITE 1300, DENVER, CO, 80202 · 866-935-6824

Reported Value
$593M
Q1 2025
Positions
255
Filings on Record
29
2019–present window
Filed
Apr 10, 2025
original filing

Summary

Matrix Trust Co reported $593M in U.S.-listed holdings across 255 positions for Q1 2025.

The portfolio is heavily concentrated: ILCV alone accounts for 30.0% of reported value.

Compared with Q4 2024, the fund opened 50 new positions and exited 46.

Portfolio Metrics

Turnover
+4.4%
vs prior filed quarter
Top-10 Concentration
+83.0%
share of reported value
Largest Position
+30.0%
Ishares Tr
New / Exited
50 / 46
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q2 ’19: $398MQ2 ’19Q3 ’19: $450MQ4 ’19: $469MQ1 ’20: $370MQ2 ’20: $392MQ2 ’20Q3 ’20: $341MQ4 ’20: $356MQ1 ’21: $366MQ2 ’21: $382MQ2 ’21Q3 ’21: $391MQ4 ’21: $412MQ1 ’22: $405MQ2 ’22: $362MQ2 ’22Q3 ’22: $351MQ1 ’23: $371MQ2 ’23: $388MQ3 ’23: $383MQ3 ’23Q4 ’23: $427MQ1 ’24: $442MQ2 ’24: $443MQ3 ’24: $535MQ3 ’24Q4 ’24: $575MQ1 ’25: $593MQ2 ’25: $628MQ3 ’25: $639MQ3 ’25Q4 ’25: $606MQ1 ’26: $602MQ2 ’26: $690Mfilingsflow.com

Portfolio Composition

By security type
ETP: 87.3%Common Stock: 11.9%REIT: 0.3%Closed-End Fund: 0.3%Other: 0.2%ADR: 0.0%
  • ETP · 87.3% · $518M
  • Common Stock · 11.9% · $70M
  • REIT · 0.3% · $2M
  • Closed-End Fund · 0.3% · $1M
  • Other · 0.2% · $1M
  • ADR · 0.0% · $218,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
FXIISHARES TRNEW+77.3K77.3K+$3M$3M
WMWASTE MGMT INC DELNEW+8.1K8.1K+$2M$2M
VTIPVANGUARD MALVERN FDSNEW+33.8K33.8K+$2M$2M
FLTRVANECK ETF TRUSTNEW+64.9K64.9K+$2M$2M
TLTISHARES TRNEW+14.4K14.4K+$1M$1M
BLACKROCK ETF TRUST IINEW+34.7K34.7K+$1M$1M
CMDTPIMCO ETF TRNEW+12.5K12.5K+$335,000$335,000
SPDR INDEX SHS FDSNEW+7.1K7.1K+$281,000$281,000

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2025

224 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ILCVISHARES TRMRNGSTR LG-CP VL · S&P 500 INDEX · CORE US AGGBD ET · MRGSTR MD CP VAL · MRGSTR MD CP GRW · MRGSTR MD CP ETF · MRNING SM CP ETF · MRGSTR SM CP GR · CHINA LG-CAP ETF · TIPS BD ETF · ISHARES SEMICDTR · 7-10 YR TRSY BD · GLOBAL REIT ETF · 20 YR TR BD ETF · 0-5 YR TIPS ETF · BLACKROCK ULTRA · GL TIMB FORE ETF · IBOXX INV CPBD29.99%$178M2.10M
2SCHFSCHWAB STRATEGIC TRINTL EQTY ETF · US LRG CAP ETF · US TIPS ETF · US DIVIDEND EQ · US SML CAP ETF21.27%$126M5.53M
3VEAVANGUARD TAX MANAGED INTL FDhistory →FTSE DEV MKT ETF6.57%$39M765.7K
4VWOVANGUARD INTL EQUITY INDEX Fhistory →FTSE EMR MKT ETF5.89%$35M771.9K
5USFRWISDOMTREE TRhistory →FLOATNG RAT TREA5.19%$31M611.3K
6VCSHVANGUARD SCOTTSDALE FDSSHRT TRM CORP BD · INT-TERM CORP4.64%$28M345.3K
7VOOVANGUARD INDEX FDSS&P 500 ETF SHS · REAL ESTATE ETF4.33%$26M81.6K
8ACVUHARTFORD FDS EXCHANGE TRADEDhistory →HARTFORD QUALITY2.72%$16M640.0K
9XLESELECT SECTOR SPDR TRENERGY · COMMUNICATION1.28%$8M79.8K
10BNDVANGUARD BD INDEX FDShistory →TOTAL BND MRKT1.15%$7M92.9K
11RFGINVESCO EXCHANGE TRADED FD TS&P MDCP400 PR · S&P500 PUR GWT · S&P SML600 GWT · S&P500 PUR VAL · S&P SML600 VAL · S&P MDCP400 VL0.72%$4M89.2K
12ABBVABBVIE INCCOM0.49%$3M13.9K
13BILSPDR SER TRBLOOMBERG 1-3 MO · ICE PFD SEC ETF0.49%$3M46.6K
14AAPLAPPLE INCCOM0.49%$3M13.0K
15EXMOCEXXON MOBIL CORPCOM0.46%$3M23.1K
16JPMJPMORGAN CHASE & COCOM0.41%$2M10.0K
17MSFTMICROSOFT CORPCOM0.40%$2M6.3K
18MCDMCDONALDS CORPCOM0.40%$2M7.6K
19COSTCOSTCO WHSL CORP NEWCOM0.39%$2M2.5K
20ACNACCENTURE PLC IRELANDSHS CLASS A0.39%$2M7.3K
21AVGOBROADCOM INCCOM0.39%$2M13.7K
22TXNTEXAS INSTRS INCCOM0.39%$2M12.7K
23RLYSSGA ACTIVE ETF TRMUL ASS RLRTN · BLACKSTONE SENR0.37%$2M68.6K
24CMECME GROUP INCCOM0.36%$2M8.0K
25ALLALLSTATE CORPCOM0.35%$2M10.0K
26PAYXPAYCHEX INCCOM0.34%$2M13.1K
27HDHOME DEPOT INCCOM0.33%$2M5.4K
28UNHUNITEDHEALTH GROUP INCCOM0.33%$2M3.7K
29MRSHMARSH & MCLENNAN COS INCCOM0.32%$2M7.7K
30WMWASTE MGMT INC DELCOM0.31%$2M8.1K
31MSMORGAN STANLEYCOM NEW0.31%$2M15.9K
32FASTFASTENAL COCOM0.31%$2M23.7K
33WECWEC ENERGY GROUP INCCOM0.30%$2M16.4K
34VTIPVANGUARD MALVERN FDSSTRM INFPROIDX0.28%$2M33.8K
35LMTLOCKHEED MARTIN CORPCOM0.28%$2M3.8K
36FLTRVANECK ETF TRUSTIG FLOATING RATE0.28%$2M64.9K
37FIRST TR EXCH TRADED FD IIIPFD SECS INC ETF0.28%$2M92.8K
38EXREXTRA SPACE STORAGE INCCOM0.26%$2M10.3K
39MRKMERCK & CO INCCOM0.25%$1M16.6K
40RTXRAYTHEON TECHNOLOGIES CORPCOM0.25%$1M11.1K
41ASA GOLD AND PRECIOUS MTLS LSHS0.24%$1M47.9K
42CVXCHEVRON CORP NEWCOM0.24%$1M8.4K
43TROWPRICE T ROWE GROUP INCCOM0.23%$1M14.8K
44XHLFBONDBLOXX ETF TRUSTBLOOMBERG SIX MN0.22%$1M25.6K
45IAUISHARES GOLD TRISHARES NEW0.20%$1M20.2K
46PEPPEPSICO INCCOM0.20%$1M7.7K
47GLDMWORLD GOLD TRSPDR GLD MINIS0.19%$1M18.2K
48NEW YORK LIFE INVESTMENTS ETNYLI HEDGE MULTI0.18%$1M34.8K
49UPSUNITED PARCEL SERVICE INCCL B0.18%$1M9.8K
50DBMFLITMAN GREGORY FDS TRIMGP DBI MANAGED0.18%$1M41.6K
51QISSIMPLIFY EXCHANGE TRADED FUNMULTI QIS ALTERN0.17%$1M44.4K
52BLACKROCK ETF TRUST IIISHARES LARG CAP0.17%$1M34.7K
53VXUSVANGUARD STAR FDSVG TL INTL STK F0.17%$1M16.3K
54VPUVANGUARD WORLD FDSUTILITIES ETF0.15%$864,0005.1K
55XBXMXNUVEEN S&P 500 BUY-WRITE INCCOM0.13%$754,00057.5K
56DBLDOUBLELINE OPPORTUNISTIC CRCOM0.12%$736,00047.1K
57HGERHARBOR ETF TRUSTHARBOR COMMODITY0.11%$628,00026.1K
58EOGEOG RES INCCOM0.08%$491,0003.8K
59IBMINTERNATIONAL BUSINESS MACHSCOM0.08%$489,0002.0K
60SGITEMPUR SEALY INTL INCCOM0.08%$470,0007.8K
61CSCOCISCO SYS INCCOM0.06%$385,0006.2K
62SWKSSKYWORKS SOLUTIONS INCCOM0.06%$371,0005.7K
63OKEONEOK INC NEWCOM0.06%$360,0003.6K
64CMDTPIMCO ETF TRCOMMODITY STRAT0.06%$335,00012.5K
65LYBLYONDELLBASELL INDUSTRIES NSHS - A -0.06%$333,0004.7K
66FGDFIRST TR EXCHANGE TRADED FDDJ GLBL DIVID0.06%$332,00013.7K
67BENFRANKLIN RESOURCES INCCOM0.06%$331,00017.2K
68APAMARTISAN PARTNERS ASSET MGMTCL A0.06%$327,0008.4K
69SPDR INDEX SHS FDSPORTFOLIO EMG MK0.05%$281,0007.1K
70JBLJABIL INCCOM0.04%$255,0001.9K
71BWABORGWARNER INCCOM0.04%$254,0008.9K
72EMREMERSON ELEC COCOM0.04%$250,0002.3K
73DXCDXC TECHNOLOGY COCOM0.04%$249,00014.6K
74FCXFREEPORT-MCMORAN INCCL B0.04%$245,0006.5K
75CRCRANE COMPANYCOMMON STOCK0.04%$235,0001.5K
76PGRPROGRESSIVE CORPCOM0.04%$234,000826
77BDCBELDEN INCCOM0.04%$232,0002.3K
78HOGHARLEY DAVIDSON INCCOM0.04%$232,0009.2K
79VSHVISHAY INTERTECHNOLOGY INCCOM0.04%$232,00014.6K
80PCARPACCAR INCCOM0.04%$232,0002.4K
81HUNHUNTSMAN CORPCOM0.04%$231,00014.6K
82ATKRATKORE INCCOM0.04%$230,0003.8K
83VVISA INCCOM CL A0.04%$229,000654
84BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.04%$229,000430
85MCOMOODYS CORPCOM0.04%$227,000487
86MAMASTERCARD INCORPORATEDCL A0.04%$225,000411
87HILLENBRAND INCCOM0.04%$225,0009.3K
88CCCHEMOURS COCOM0.04%$222,00016.4K
89BKNGBOOKING HOLDINGS INCCOM0.04%$221,00048
90GE AEROSPACECOM NEW0.04%$221,0001.1K
91LLYELI LILLY & COCOM0.04%$221,000267
92NFLXNETFLIX INCCOM0.04%$221,000237
93TRNTRINITY INDS INCCOM0.04%$221,0007.9K
94UBERUBER TECHNOLOGIES INCCOM0.04%$221,0003.0K
95CLFCLEVELAND-CLIFFS INC NEWCOM0.04%$219,00026.7K
96NVDANVIDIA CORPORATIONCOM0.04%$218,0002.0K
97TSMTAIWAN SEMICONDUCTOR MFG LTDSPONSORED ADS0.04%$218,0001.3K
98MELIMERCADOLIBRE INCCOM0.04%$211,000108
99AMZNAMAZON COM INCCOM0.04%$209,0001.1K
100METAMETA PLATFORMS INCCL A0.03%$207,000359

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q2 2026$690M101Jul 9, 202613F-HRchanges · EDGAR ↗
Q1 2026$602M178Apr 10, 202613F-HRchanges · EDGAR ↗
Q4 2025$606M222Jan 13, 202613F-HRchanges · EDGAR ↗
Q3 2025$639M249Oct 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$628M255Jul 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$593M255Apr 10, 202513F-HRchanges · EDGAR ↗
Q4 2024$575M251Jan 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$535M239Oct 9, 202413F-HRchanges · EDGAR ↗
Q2 2024$443M171Jul 10, 202413F-HRchanges · EDGAR ↗
Q1 2024$442M84May 6, 202413F-HRchanges · EDGAR ↗
Q4 2023$427M70Feb 5, 202413F-HRchanges · EDGAR ↗
Q3 2023$383M64Oct 30, 202313F-HRchanges · EDGAR ↗
Q2 2023$388M59Jul 19, 202313F-HRchanges · EDGAR ↗
Q1 2023$371M64Apr 12, 202313F-HRchanges · EDGAR ↗
Q4 2022Under review51Jan 24, 202313F-HRchanges · EDGAR ↗
Q3 2022$351M48Oct 25, 202213F-HRchanges · EDGAR ↗
Q2 2022$362M53Aug 3, 202213F-HRchanges · EDGAR ↗
Q1 2022$405M52Apr 18, 202213F-HRchanges · EDGAR ↗
Q4 2021$412M20Feb 3, 202213F-HRchanges · EDGAR ↗
Q3 2021$391M20Oct 19, 202113F-HRchanges · EDGAR ↗
Q2 2021$382M20Aug 10, 202113F-HRchanges · EDGAR ↗
Q1 2021$366M20May 6, 202113F-HRchanges · EDGAR ↗
Q4 2020$356M22Feb 9, 202113F-HRchanges · EDGAR ↗
Q3 2020$341M26Nov 12, 202013F-HRchanges · EDGAR ↗
Q2 2020$392M29Aug 4, 202013F-HRchanges · EDGAR ↗
Q1 2020$370M29May 6, 202013F-HRchanges · EDGAR ↗
Q4 2019$469M27Jan 21, 202013F-HRchanges · EDGAR ↗
Q3 2019$450M26Oct 30, 201913F-HRchanges · EDGAR ↗
Q2 2019$398M24Aug 1, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.