SEC 13F Intelligence

Managers / Q3 2025 · view latest →

Matrix Trust Co

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

Reported Value
$639M
Q3 2025
Positions
249
Filings on Record
29
2019–present window
Filed
Oct 14, 2025
original filing

Summary

Matrix Trust Co reported $639M in U.S.-listed holdings across 249 positions for Q3 2025.

The portfolio is heavily concentrated: ILCV alone accounts for 31.4% of reported value.

Compared with Q2 2025, the fund opened 29 new positions and exited 35.

Portfolio Metrics

Turnover
+6.1%
vs prior filed quarter
Top-10 Concentration
+83.1%
share of reported value
Largest Position
+31.4%
Ishares Tr
New / Exited
29 / 35
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: 87.0%Common Stock: 12.3%ADR: 0.2%Closed-End Fund: 0.2%Other: 0.2%Other: 0.0%
  • ETP · 87.0% · $556M
  • Common Stock · 12.3% · $79M
  • ADR · 0.2% · $2M
  • Closed-End Fund · 0.2% · $2M
  • Other · 0.2% · $1M
  • Other · 0.0% · $80,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
GSGOLDMAN SACHS GROUP INCNEW+2.5K2.5K+$2M$2M
ETNEATON CORP PLCNEW+4.9K4.9K+$2M$2M
SOSOUTHERN CONEW+19.1K19.1K+$2M$2M
VTVANGUARD INTL EQUITY INDEX FNEW+9.1K9.1K+$1M$1M
HDBHDFC BANK LTDNEW+28.5K28.5K+$974,000$974,000
CAIECALAMOS ETF TRNEW+14.7K14.7K+$404,000$404,000
TGTTARGET CORPNEW+1.8K1.8K+$159,000$159,000
VVXV2X INCNEW+329329+$19,000$19,000

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

Holdings — Q3 2025

220 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ILCVISHARES TRMRNGSTR LG-CP VL · S&P 500 INDEX · CORE US AGGBD ET · MRGSTR MD CP GRW · MRGSTR MD CP VAL · 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 · BLACKROCK ULTRA · GLOBAL 100 ETF · TIPS BD ETF · MSCI INDIA ETF · MSCI CHINA ETF31.40%$201M2.15M
2SCHFSCHWAB STRATEGIC TRINTL EQTY ETF · US TIPS ETF · US LRG CAP ETF · US SML CAP ETF22.16%$142M5.53M
3VWOVANGUARD INTL EQUITY INDEX FFTSE EMR MKT ETF · ALLWRLD EX US · TT WRLD ST ETF · FTSE SMCAP ETF7.08%$45M794.8K
4VEAVANGUARD TAX MANAGED INTL FDhistory →FTSE DEV MKT ETF6.80%$43M725.3K
5VCSHVANGUARD SCOTTSDALE FDSSHRT TRM CORP BD · INT-TERM CORP5.34%$34M417.9K
6VOOVANGUARD INDEX FDSS&P 500 ETF SHS · REAL ESTATE ETF4.84%$31M85.7K
7ACVUHARTFORD FDS EXCHANGE TRADEDhistory →HARTFORD QUALITY2.32%$15M557.3K
8XLCSELECT SECTOR SPDR TRCOMMUNICATION · ENERGY1.32%$8M82.5K
9BNDVANGUARD BD INDEX FDShistory →TOTAL BND MRKT1.18%$8M101.1K
10GLDSPDR GOLD TRUSTGOLD SHS0.62%$4M11.2K
11AVGOBROADCOM INCCOM0.60%$4M11.7K
12AAPLAPPLE INCCOM0.56%$4M13.9K
13ABBVABBVIE INCCOM0.52%$3M14.3K
14MSFTMICROSOFT CORPCOM0.51%$3M6.3K
15BILSPDR SER TRBLOOMBERG 1-3 MO · ICE PFD SEC ETF0.49%$3M48.7K
16JPMJPMORGAN CHASE & COCOM0.47%$3M9.6K
17GLDMWORLD GOLD TRSPDR GLD MINIS0.46%$3M38.8K
18TXNTEXAS INSTRS INCCOM0.38%$2M13.3K
19MSMORGAN STANLEYCOM NEW0.38%$2M15.1K
20EXMOCEXXON MOBIL CORPCOM0.36%$2M20.5K
21MRKMERCK & CO INCCOM0.36%$2M27.3K
22FASTFASTENAL COCOM0.36%$2M46.3K
23MCDMCDONALDS CORPCOM0.35%$2M7.4K
24COSTCOSTCO WHSL CORP NEWCOM0.34%$2M2.3K
25CCITIGROUP INCCOM NEW0.34%$2M21.3K
26XHLFBONDBLOXX ETF TRUSTBLOOMBERG SIX MN0.34%$2M42.8K
27RLYSSGA ACTIVE ETF TRMUL ASS RLRTN · BLACKSTONE SENR0.33%$2M62.9K
28HDHOME DEPOT INCCOM0.33%$2M5.2K
29RTXRAYTHEON TECHNOLOGIES CORPCOM0.32%$2M12.3K
30GSGOLDMAN SACHS GROUP INCCOM0.31%$2M2.5K
31UNHUNITEDHEALTH GROUP INCCOM0.30%$2M5.5K
32ETNEATON CORP PLCSHS0.29%$2M4.9K
33SOSOUTHERN COCOM0.28%$2M19.1K
34SPDR INDEX SHS FDSPORTFOLIO EMG MK0.28%$2M37.6K
35WMWASTE MGMT INC DELCOM0.26%$2M7.6K
36IBMINTERNATIONAL BUSINESS MACHSCOM0.26%$2M5.8K
37WECWEC ENERGY GROUP INCCOM0.25%$2M14.2K
38PAYXPAYCHEX INCCOM0.24%$2M12.2K
39FIRST TR EXCH TRADED FD IIIPFD SECS INC ETF0.24%$2M84.0K
40TROWPRICE T ROWE GROUP INCCOM0.23%$1M14.6K
41VTIPVANGUARD MALVERN FDSSTRM INFPROIDX0.23%$1M28.8K
42FLTRVANECK ETF TRUSTIG FLOATING RATE0.23%$1M57.0K
43ASA GOLD AND PRECIOUS MTLS LSHS0.22%$1M30.2K
44VXUSVANGUARD STAR FDSVG TL INTL STK F0.19%$1M16.2K
45PEPPEPSICO INCCOM0.18%$1M8.1K
46DBMFLITMAN GREGORY FDS TRIMGP DBI MANAGED0.17%$1M38.9K
47NEW YORK LIFE INVESTMENTS ETNYLI HEDGE MULTI0.16%$1M30.5K
48CVXCHEVRON CORP NEWCOM0.15%$974,0006.3K
49HDBHDFC BANK LTDSPONSORED ADS0.15%$974,00028.5K
50SGITEMPUR SEALY INTL INCCOM0.15%$963,00011.4K
51VPUVANGUARD WORLD FDSUTILITIES ETF0.14%$896,0004.7K
52QISSIMPLIFY EXCHANGE TRADED FUNMULTI QIS ALTERN0.13%$811,00042.3K
53XBXMXNUVEEN S&P 500 BUY-WRITE INCCOM0.12%$756,00052.4K
54DBLDOUBLELINE OPPORTUNISTIC CRCOM0.12%$744,00047.8K
55APPAPPLOVING CORPCOM CL A0.10%$657,000914
56SLVISHARES SILVER TRUSTISHARES0.10%$652,00015.4K
57USFRWISDOMTREE TRFLOATNG RAT TREA0.10%$635,00012.6K
58TSMTAIWAN SEMICONDUCTOR MFG LTDSPONSORED ADS0.09%$563,0002.0K
59GE AEROSPACECOM NEW0.08%$542,0001.8K
60NVDANVIDIA CORPORATIONCOM0.08%$540,0002.9K
61GOOGLALPHABET INCCAP STK CL A0.08%$525,0002.2K
62UBERUBER TECHNOLOGIES INCCOM0.08%$516,0005.3K
63HGERHARBOR ETF TRUSTHARBOR COMMODITY0.08%$516,00020.0K
64IAUISHARES GOLD TRISHARES NEW0.08%$507,0007.0K
65LLYELI LILLY & COCOM0.08%$504,000660
66PGRPROGRESSIVE CORPCOM0.08%$495,0002.0K
67VVISA INCCOM CL A0.08%$495,0001.4K
68MELIMERCADOLIBRE INCCOM0.08%$481,000206
69BKNGBOOKING HOLDINGS INCCOM0.08%$481,00089
70NFLXNETFLIX INCCOM0.08%$480,000400
71MAMASTERCARD INCORPORATEDCL A0.07%$474,000833
72AMZNAMAZON COM INCCOM0.07%$471,0002.1K
73METAMETA PLATFORMS INCCL A0.07%$469,000639
74EOGEOG RES INCCOM0.07%$461,0004.1K
75MCOMOODYS CORPCOM0.07%$460,000966
76SWKSSKYWORKS SOLUTIONS INCCOM0.07%$444,0005.8K
77CSCOCISCO SYS INCCOM0.07%$444,0006.5K
78CAIECALAMOS ETF TRAUTOCALLABLE INC0.06%$404,00014.7K
79OKEONEOK INC NEWCOM0.06%$382,0005.2K
80FGDFIRST TR EXCHANGE TRADED FDDJ GLBL DIVID0.06%$358,00012.5K
81APAMARTISAN PARTNERS ASSET MGMTCL A0.05%$348,0008.0K
82BWABORGWARNER INCCOM0.05%$344,0007.8K
83CLFCLEVELAND-CLIFFS INC NEWCOM0.05%$343,00028.1K
84HILLENBRAND INCCOM0.05%$341,00012.6K
85BENFRANKLIN RESOURCES INCCOM0.05%$329,00014.2K
86EMREMERSON ELEC COCOM0.05%$326,0002.5K
87JBLJABIL INCCOM0.05%$319,0001.5K
88HOGHARLEY DAVIDSON INCCOM0.05%$314,00011.3K
89RBB FD INCFM ULTRASHORT TR0.05%$309,0006.2K
90CCCHEMOURS COCOM0.05%$299,00018.9K
91CRCRANE COMPANYCOMMON STOCK0.05%$298,0001.6K
92TRNTRINITY INDS INCCOM0.05%$294,00010.5K
93PCARPACCAR INCCOM0.05%$290,0002.9K
94BDCBELDEN INCCOM0.04%$281,0002.3K
95ATKRATKORE INCCOM0.04%$275,0004.4K
96DXCDXC TECHNOLOGY COCOM0.04%$268,00019.6K
97VSHVISHAY INTERTECHNOLOGY INCCOM0.04%$266,00017.4K
98FCXFREEPORT-MCMORAN INCCL B0.04%$256,0006.5K
99HUNHUNTSMAN CORPCOM0.04%$238,00026.5K
100JNJJOHNSON & JOHNSONCOM0.03%$207,0001.1K

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 ↗.