In a significant portfolio change, David Katz's firm, Matrix Asset Advisors, has completely liquidated its position in FedEx Corp. The firm sold all 44,100 of its shares in the logistics giant, a stake previously valued at approximately $15.71 million. Before the sale, the FedEx holding represented about 1.44% of Matrix Asset Advisors' reported portfolio.
This trade was disclosed in a quarterly 13F filing with the SEC on July 15, 2026, which details the firm's holdings as of June 30, 2026. Such filings reflect investment decisions made during the preceding quarter, meaning the sale occurred sometime between April 1 and June 30. No specific commentary from the investor regarding the motive for the exit has been publicly reported.