SEC 13F Intelligence

Managers / Q2 2025 · view latest →

Matrix Trust Co

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

Reported Value
$628M
Q2 2025
Positions
255
Filings on Record
29
2019–present window
Filed
Jul 14, 2025
original filing

Summary

Matrix Trust Co reported $628M in U.S.-listed holdings across 255 positions for Q2 2025.

The portfolio is heavily concentrated: ILCV alone accounts for 30.1% of reported value.

Compared with Q1 2025, the fund opened 31 new positions and exited 31.

Portfolio Metrics

Turnover
+6.5%
vs prior filed quarter
Top-10 Concentration
+82.1%
share of reported value
Largest Position
+30.1%
Ishares Tr
New / Exited
31 / 31
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: 86.8%Common Stock: 12.4%REIT: 0.3%Closed-End Fund: 0.3%Other: 0.2%Other: 0.1%
  • ETP · 86.8% · $546M
  • Common Stock · 12.4% · $78M
  • REIT · 0.3% · $2M
  • Closed-End Fund · 0.3% · $2M
  • Other · 0.2% · $1M
  • Other · 0.1% · $398,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
GLDSPDR GOLD TRUSTNEW+10.3K10.3K+$3M$3M
VEUVANGUARD INTL EQUITY INDEX FNEW+39.9K39.9K+$3M$3M
VANGUARD INTL EQUITY INDEX FNEW+9.1K9.1K+$1M$1M
IOOISHARES TRNEW+8.5K8.5K+$919,000$919,000
SLVISHARES SILVER TRUSTNEW+16.3K16.3K+$534,000$534,000
RBB FD INCNEW+8.1K8.1K+$405,000$405,000
INDAISHARES TRNEW+5.9K5.9K+$330,000$330,000
MCHIISHARES TRNEW+4.8K4.8K+$266,000$266,000

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

Holdings — Q2 2025

227 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 · ISHARES SEMICDTR · 7-10 YR TRSY BD · 0-5 YR TIPS ETF · GLOBAL REIT ETF · 20 YR TR BD ETF · GLOBAL 100 ETF · BLACKROCK ULTRA · TIPS BD ETF · MSCI INDIA ETF · MSCI CHINA ETF30.10%$189M2.14M
2SCHFSCHWAB STRATEGIC TRINTL EQTY ETF · US TIPS ETF · US LRG CAP ETF · US SML CAP ETF21.85%$137M5.65M
3VEAVANGUARD TAX MANAGED INTL FDhistory →FTSE DEV MKT ETF7.08%$44M780.3K
4VWOVANGUARD INTL EQUITY INDEX FFTSE EMR MKT ETF · ALLWRLD EX US · FTSE SMCAP ETF6.78%$43M831.4K
5VOOVANGUARD INDEX FDSS&P 500 ETF SHS · REAL ESTATE ETF4.51%$28M82.4K
6VCSHVANGUARD SCOTTSDALE FDSSHRT TRM CORP BD · INT-TERM CORP4.47%$28M349.8K
7USFRWISDOMTREE TRhistory →FLOATNG RAT TREA2.61%$16M325.7K
8ACVUHARTFORD FDS EXCHANGE TRADEDhistory →HARTFORD QUALITY2.31%$15M565.5K
9XLCSELECT SECTOR SPDR TRCOMMUNICATION · ENERGY1.34%$8M87.8K
10BNDVANGUARD BD INDEX FDShistory →TOTAL BND MRKT1.10%$7M93.7K
11BILSPDR SER TRBLOOMBERG 1-3 MO · ICE PFD SEC ETF0.73%$5M65.5K
12AVGOBROADCOM INCCOM0.64%$4M14.5K
13MSFTMICROSOFT CORPCOM0.52%$3M6.6K
14GLDSPDR GOLD TRUSTGOLD SHS0.50%$3M10.3K
15AAPLAPPLE INCCOM0.46%$3M14.1K
16JPMJPMORGAN CHASE & COCOM0.46%$3M10.0K
17TXNTEXAS INSTRS INCCOM0.45%$3M13.7K
18ABBVABBVIE INCCOM0.43%$3M14.6K
19COSTCOSTCO WHSL CORP NEWCOM0.39%$2M2.5K
20GLDMWORLD GOLD TRSPDR GLD MINIS0.38%$2M36.2K
21EXMOCEXXON MOBIL CORPCOM0.37%$2M21.5K
22ACNACCENTURE PLC IRELANDSHS CLASS A0.37%$2M7.7K
23MSMORGAN STANLEYCOM NEW0.36%$2M16.2K
24MCDMCDONALDS CORPCOM0.36%$2M7.8K
25CMECME GROUP INCCOM0.35%$2M8.0K
26RLYSSGA ACTIVE ETF TRMUL ASS RLRTN · BLACKSTONE SENR0.34%$2M66.4K
27XHLFBONDBLOXX ETF TRUSTBLOOMBERG SIX MN0.33%$2M41.7K
28HDHOME DEPOT INCCOM0.33%$2M5.6K
29FASTFASTENAL COCOM0.33%$2M48.8K
30PAYXPAYCHEX INCCOM0.33%$2M14.1K
31ALLALLSTATE CORPCOM0.32%$2M10.1K
32SPDR INDEX SHS FDSPORTFOLIO EMG MK0.30%$2M44.4K
33UNHUNITEDHEALTH GROUP INCCOM0.29%$2M5.9K
34WMWASTE MGMT INC DELCOM0.29%$2M7.9K
35LMTLOCKHEED MARTIN CORPCOM0.29%$2M3.9K
36WECWEC ENERGY GROUP INCCOM0.27%$2M16.4K
37MRSHMARSH & MCLENNAN COS INCCOM0.27%$2M7.7K
38RTXRAYTHEON TECHNOLOGIES CORPCOM0.26%$2M11.1K
39EXREXTRA SPACE STORAGE INCCOM0.25%$2M10.8K
40FIRST TR EXCH TRADED FD IIIPFD SECS INC ETF0.25%$2M87.1K
41TROWPRICE T ROWE GROUP INCCOM0.25%$2M16.1K
42FLTRVANECK ETF TRUSTIG FLOATING RATE0.24%$2M59.4K
43VTIPVANGUARD MALVERN FDSSTRM INFPROIDX0.24%$2M30.1K
44MRKMERCK & CO INCCOM0.22%$1M17.4K
45VXUSVANGUARD STAR FDSVG TL INTL STK F0.21%$1M19.0K
46BLACKROCK ETF TRUST IIISHARES LARG CAP0.21%$1M42.0K
47PEPPEPSICO INCCOM0.19%$1M8.8K
48DBMFLITMAN GREGORY FDS TRIMGP DBI MANAGED0.17%$1M40.7K
49NEW YORK LIFE INVESTMENTS ETNYLI HEDGE MULTI0.17%$1M32.2K
50ASA GOLD AND PRECIOUS MTLS LSHS0.16%$1M32.1K
51UPSUNITED PARCEL SERVICE INCCL B0.16%$986,0009.8K
52QISSIMPLIFY EXCHANGE TRADED FUNMULTI QIS ALTERN0.16%$984,00044.7K
53CVXCHEVRON CORP NEWCOM0.15%$964,0006.7K
54VPUVANGUARD WORLD FDSUTILITIES ETF0.14%$851,0004.8K
55XBXMXNUVEEN S&P 500 BUY-WRITE INCCOM0.13%$803,00057.9K
56DBLDOUBLELINE OPPORTUNISTIC CRCOM0.12%$771,00050.2K
57SGITEMPUR SEALY INTL INCCOM0.11%$696,00010.2K
58IBMINTERNATIONAL BUSINESS MACHSCOM0.10%$599,0002.0K
59SLVISHARES SILVER TRUSTISHARES0.09%$534,00016.3K
60EOGEOG RES INCCOM0.08%$510,0004.3K
61CSCOCISCO SYS INCCOM0.07%$469,0006.8K
62SWKSSKYWORKS SOLUTIONS INCCOM0.07%$467,0006.3K
63IAUISHARES GOLD TRISHARES NEW0.07%$463,0007.4K
64BENFRANKLIN RESOURCES INCCOM0.07%$413,00017.3K
65JBLJABIL INCCOM0.07%$411,0001.9K
66RBB FD INCFM ULTRASHORT TR0.06%$405,0008.1K
67APAMARTISAN PARTNERS ASSET MGMTCL A0.06%$401,0009.0K
68TSMTAIWAN SEMICONDUCTOR MFG LTDSPONSORED ADS0.06%$383,0001.7K
69FGDFIRST TR EXCHANGE TRADED FDDJ GLBL DIVID0.06%$381,00013.8K
70NVDANVIDIA CORPORATIONCOM0.06%$374,0002.4K
71UBERUBER TECHNOLOGIES INCCOM0.06%$363,0003.9K
72METAMETA PLATFORMS INCCL A0.06%$360,000488
73NFLXNETFLIX INCCOM0.06%$359,000268
74MELIMERCADOLIBRE INCCOM0.06%$353,000135
75PGRPROGRESSIVE CORPCOM0.06%$349,0001.3K
76VVISA INCCOM CL A0.06%$349,000983
77MAMASTERCARD INCORPORATEDCL A0.06%$347,000618
78BKNGBOOKING HOLDINGS INCCOM0.06%$347,00060
79AMZNAMAZON COM INCCOM0.06%$347,0001.6K
80GOOGLALPHABET INCCAP STK CL A0.06%$346,0002.0K
81APPAPPLOVING CORPCOM CL A0.05%$343,000981
82MCOMOODYS CORPCOM0.05%$342,000682
83LLYELI LILLY & COCOM0.05%$341,000438
84GE AEROSPACECOM NEW0.05%$340,0001.3K
85BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.05%$339,000698
86OKEONEOK INC NEWCOM0.05%$338,0004.1K
87LYBLYONDELLBASELL INDUSTRIES NSHS - A -0.05%$337,0005.8K
88EMREMERSON ELEC COCOM0.05%$334,0002.5K
89DXCDXC TECHNOLOGY COCOM0.05%$320,00020.9K
90BWABORGWARNER INCCOM0.05%$320,0009.6K
91CCCHEMOURS COCOM0.05%$318,00027.8K
92CLFCLEVELAND-CLIFFS INC NEWCOM0.05%$310,00040.8K
93CRCRANE COMPANYCOMMON STOCK0.05%$304,0001.6K
94VSHVISHAY INTERTECHNOLOGY INCCOM0.05%$303,00019.1K
95FCXFREEPORT-MCMORAN INCCL B0.05%$298,0006.9K
96BDCBELDEN INCCOM0.05%$295,0002.5K
97TRNTRINITY INDS INCCOM0.05%$293,00010.8K
98ATKRATKORE INCCOM0.05%$292,0004.1K
99HILLENBRAND INCCOM0.05%$291,00014.5K
100HOGHARLEY DAVIDSON INCCOM0.04%$270,00011.4K

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 ↗.