Institutional Manager · CIK 0001784277

Matrix Trust Co

DENVER, CO · File #028-19554

Latest AUM

$605,852

Positions

222

Top-10 Concentration

66.8%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
REDUCE	HARTFORD FDS EXCHANGE TRADED	41653L859	-546,407	-$14,958	+$459
EXITED	ISHARES TR	464287184	-75,475	-$3,105	$0
REDUCE	SCHWAB STRATEGIC TR	808524870	-112,117	-$2,970	-$732
REDUCE	TEXAS INSTRS INC	882508104	-12,701	-$2,210	-$130
REDUCE	VANGUARD INTL EQUITY INDEX F	922042775	-29,194	-$2,147	+$81
ADD	SELECT SECTOR SPDR TR	81369Y506	+46,584	+$2,083	-$2,038
REDUCE	WORLD GOLD TR	GLDW	-24,274	-$2,073	+$347
EXITED	UNITEDHEALTH GROUP INC	91324P102	-5,544	-$1,914	$0
NEW	GENERAL DYNAMICS CORP	GD	+5,527	+$1,861	$0
EXITED	WASTE MGMT INC DEL	94106L109	-7,574	-$1,673	$0

Sector Allocation

Technology

2.2%$13,582

Healthcare

1.6%$9,538

Industrials

1.4%$8,203

Consumer Discretionary

1.1%$6,978

Financials

1.1%$6,955

Utilities

0.6%$3,440

Energy

0.5%$3,160

Communication Services

0.2%$1,182

Materials

0.1%$379

Consumer Staples

0.0%$209

Real Estate

0.0%$38

Filing History

Jan 13, 202613F HOLDINGS REPORTQ/E Dec 2025222 pos · $605,852
Oct 14, 202513F HOLDINGS REPORTQ/E Sep 2025249 pos · $638,753
Jul 14, 202513F HOLDINGS REPORTQ/E Jun 2025255 pos · $628,221
Apr 10, 202513F HOLDINGS REPORTQ/E Mar 2025255 pos · $592,794
Jan 13, 202513F HOLDINGS REPORTQ/E Dec 2024251 pos · $575,382
Oct 9, 202413F HOLDINGS REPORTQ/E Sep 2024239 pos · $534,831
Jul 10, 202413F HOLDINGS REPORTQ/E Jun 2024171 pos · $442,909
May 6, 202413F HOLDINGS REPORTQ/E Mar 202484 pos · $442,146
Oct 30, 202313F HOLDINGS REPORTQ/E Dec 202364 pos · $383,113

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	ISHARES TR	464288109	666,393	$62,881	11.01%
2	SCHWAB STRATEGIC TR	808524805	2,021,390	$48,594	8.51%
3	VANGUARD TAX MANAGED INTL FD	921943858	739,497	$46,196	8.09%
4	VANGUARD INTL EQUITY INDEX F	922042858	755,382	$40,609	7.11%
5	SCHWAB STRATEGIC TR	808524870	1,479,684	$39,197	6.86%
6	SCHWAB STRATEGIC TR	808524201	1,456,441	$39,193	6.86%
7	ISHARES TR	464287200	44,766	$30,662	5.37%
8	VANGUARD INDEX FDS	922908363	44,596	$27,968	4.90%
9	ISHARES TR	464287226	263,065	$26,275	4.60%
10	VANGUARD SCOTTSDALE FDS	92206C409	247,837	$19,760	3.46%
11	ISHARES TR	464288406	206,652	$17,015	2.98%
12	ISHARES TR	464288307	203,324	$16,233	2.84%
13	SCHWAB STRATEGIC TR	808524607	549,934	$15,662	2.74%
14	ISHARES TR	464288208	189,190	$15,652	2.74%
15	VANGUARD SCOTTSDALE FDS	92206C870	174,321	$14,599	2.56%
16	ISHARES TR	464288703	187,179	$12,822	2.24%
17	ISHARES TR	464288604	178,213	$9,884	1.73%
18	VANGUARD BD INDEX FDS	921937835	102,999	$7,629	1.34%
19	SPDR GOLD TRUST	GLD	11,018	$4,366	0.76%
20	SELECT SECTOR SPDR TR	81369Y852	36,437	$4,289	0.75%