Matrix Asset Advisors’ Q1 2023 Investor Letter

Matrix Asset Advisors, an asset management company, released its first-quarter 2023 investor letter. A copy of the same can be downloaded here. In the first quarter of 2023, the stock market rallied despite the fall in banking sector stocks. In the first quarter, Matrix’s Large Cap Value Portfolio posted a strong mid-high-single digit return which is in line with the S&P 500 Index and well ahead of the Russell 1000 Value Index. While the Dividend Income strategy, after a good year in 2022, lagged behind both indexes in the first quarter. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.