Matrix Trust Co
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 14, 2025), Matrix Trust Co reported 255 stock positions worth $628.2 million. Its top holding was iShares Morningstar Value Et (ILCV) at 9.3% of the portfolio, followed by Schwab Intl Equity ETF (SCHF, 7.2%) and Vanguard Ftse Developed ETF (VEA, 7.1%). Compared with Q1 2025, it opened 31 new positions, sold out of 31, added to 141 and reduced 77. The biggest buy was Schwab U.S. Tips ETF (SCHP, shares +49%) and the biggest sale Wisdomtree Floating Rate Tre (USFR, shares −47%).
- Most Recent 13F
- Q2 2026
- Location
- DENVER, CO
- CIK
- 0001784277
- Portfolio Value
- $628.2M (Q2 2025)
- SEC Filing
- 0001784277-25-000005 ↗ filed Jul 14, 2025
Holdings Value
Holdings 255 stocks · $628.2M
| ILCV iShares Morningstar Value Et | 9.30% | 700,341 | $58.4M | Add +1.6% |
| SCHF Schwab Intl Equity ETF | 7.22% | 2,052,409 | $45.4M | Add +1.0% |
| VEA Vanguard Ftse Developed ETF | 7.08% | 780,285 | $44.5M | Add +1.9% |
| SCHP Schwab U.S. Tips ETF | 6.82% | 1,606,096 | $42.9M | Add +48.6% |
| VWO Vanguard Ftse Emerging Marke | 6.16% | 782,342 | $38.7M | Add +1.4% |
| SCHX Schwab US Large-Cap ETF | 5.64% | 1,449,834 | $35.4M | Add +1.4% |
| IVV iShares Core S&P 500 ETF | 4.51% | 45,627 | $28.3M | Reduce -2.6% |
| VOO Vanguard S&P 500 ETF | 3.97% | 43,862 | $24.9M | Add +1.6% |
| AGG iShares Core U.S. Aggregate | 3.77% | 238,708 | $23.7M | Add +1.4% |
| VCSH Vanguard S/T Corp. Bond ETF | 3.30% | 260,478 | $20.7M | Add +1.2% |
| USFR Wisdomtree Floating Rate Tre | 2.61% | 325,653 | $16.4M | Reduce -46.7% |
| IMCV iShares Morningstar Mid-Cap | 2.44% | 201,752 | $15.3M | Add +1.6% |
| IMCG iShares Morningstar Mid-Cap | 2.38% | 186,218 | $14.9M | Add +1.3% |
| ACVU Hartford Alpha Cap Val ETF | 2.31% | 565,459 | $14.5M | Reduce -11.7% |
| IMCB iShares Morningstar Mid-Cap | 2.25% | 177,216 | $14.1M | Add +1.4% |
| SCHA Schwab US Small-Cap ETF | 2.17% | 539,098 | $13.6M | Add +1.3% |
| ISCV iShares Morningstar Small-Ca | 1.85% | 189,512 | $11.6M | Add +1.7% |
| ISCG iShares Morningstar Small-Ca | 1.33% | 167,423 | $8.3M | Add +1.3% |
| VCIT Vanguard Int-Term Corporate | 1.18% | 89,285 | $7.4M | Add +1.6% |
| BND Vanguard Total Bond Market | 1.10% | 93,694 | $6.9M | Add +0.9% |
| XLC SS Comm Select Sector SPDR | 0.68% | 39,582 | $4.3M | Add +7.2% |
| XLE SS Energy Select Sector | 0.65% | 48,243 | $4.1M | Add +12.5% |
| AVGO Broadcom Inc. | 0.64% | 14,486 | $4.0M | Add +6.1% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.62% | 42,198 | $3.9M | Add +78.8% |
| VNQ Vanguard Real Estate ETF | 0.55% | 38,513 | $3.4M | Add +0.3% |
| MSFT Microsoft Corp. | 0.52% | 6,564 | $3.3M | Add +3.7% |
| GLD SPDR Gold Shares | 0.50% | 10,327 | $3.1M | New |
| FXI iShares China Large-Cap ETF | 0.46% | 79,178 | $2.9M | Add +2.5% |
| AAPL Apple Inc. | 0.46% | 14,128 | $2.9M | Add +8.9% |
| JPM JPMorgan Chase & Co. | 0.46% | 9,952 | $2.9M | Reduce -0.7% |
| TXN Texas Instruments Inc. | 0.45% | 13,690 | $2.8M | Add +7.7% |
| ABBV Abbvie Inc. | 0.43% | 14,594 | $2.7M | Add +4.8% |
| VEU Vanguard Ftse All-World Ex-U | 0.43% | 39,879 | $2.7M | New |
| SOXX iShares Semiconductor ETF | 0.40% | 10,406 | $2.5M | Add +7.2% |
| COST Costco Wholesale Corp. | 0.39% | 2,451 | $2.4M | No change |
| GLDM SPDR Gold Minishares Trust | 0.38% | 36,190 | $2.4M | Add +99.0% |
| XOM Exxon Mobil Corp. | 0.37% | 21,482 | $2.3M | Reduce -7.1% |
| ACN Accenture PLC Class A | 0.37% | 7,741 | $2.3M | Add +5.6% |
| MS Morgan Stanley | 0.36% | 16,242 | $2.3M | Add +1.9% |
| MCD McDonald's Corp. | 0.36% | 7,768 | $2.3M | Add +2.6% |
| CME Cme Group Inc. | 0.35% | 7,966 | $2.2M | Reduce -0.3% |
| XHLF Bondbloxx BBG 6 MTH US Treas | 0.33% | 41,667 | $2.1M | Add +62.9% |
| HD Home Depot Inc. | 0.33% | 5,614 | $2.1M | Add +4.0% |
| FAST Fastenal Co. | 0.33% | 48,806 | $2.0M | Add +3.0% |
| PAYX Paychex Inc. | 0.33% | 14,086 | $2.0M | Add +7.4% |
| ALL Allstate Corp. | 0.32% | 10,073 | $2.0M | Add +1.1% |
| IEF iShares 7-10 Year Treasury B | 0.32% | 20,683 | $2.0M | Add +37.3% |
| SPEM State Street SP PTF Em ETF | 0.30% | 44,436 | $1.9M | Add +521.6% |
| UNH Unitedhealth Group Inc. | 0.29% | 5,937 | $1.9M | Add +60.9% |
| WM Waste Management Inc. | 0.29% | 7,916 | $1.8M | Reduce -1.7% |
| LMT Lockheed Martin Corp. | 0.29% | 3,871 | $1.8M | Add +3.0% |
| WEC WEC Energy Group Inc. | 0.27% | 16,352 | $1.7M | No change |
| STIP iShares 0-5 Year Tips Bond E | 0.27% | 16,477 | $1.7M | Add +41.3% |
| MRSH Marsh & McLennan Cos | 0.27% | 7,654 | $1.7M | No change |
| RTX RTX Corp. | 0.26% | 11,117 | $1.6M | No change |
| EXR Extra Space Storage Inc. | 0.25% | 10,789 | $1.6M | Add +4.8% |
| FPE FT-Preferred Secur & Inc. ETF | 0.25% | 87,109 | $1.6M | Reduce -6.2% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.25% | 16,065 | $1.6M | Add +8.6% |
| FLTR Vaneck Ig Floating Rate ETF | 0.24% | 59,364 | $1.5M | Reduce -8.5% |
| VTIP Vanguard Short-Term Tips | 0.24% | 30,119 | $1.5M | Reduce -10.8% |
| REET iShares Global REIT ETF | 0.23% | 57,259 | $1.4M | Add +0.9% |
| RLY SS Multi-Asset Real Ret ETF | 0.22% | 48,058 | $1.4M | Reduce -4.7% |
| MRK Merck & Co. Inc. | 0.22% | 17,409 | $1.4M | Add +4.8% |
| VXUS Vanguard Total Intl Stock | 0.21% | 19,013 | $1.3M | Add +16.9% |
| IVVB iShares Large Cap Deep Quart | 0.21% | 42,028 | $1.3M | Add +21.2% |
| TLT iShares 20+ Year Treasury BD | 0.20% | 14,419 | $1.3M | No change |
| VSS Vanguard Ftse All Wo X-US SC | 0.20% | 9,134 | $1.2M | New |
| PEP Pepsico Inc. | 0.19% | 8,834 | $1.2M | Add +14.4% |
| DBMF Imgp Dbi MFT STR ETF-Usd Inc. | 0.17% | 40,746 | $1.0M | Reduce -2.1% |
| QAI Nylim HDG MLT-STR TRC ETF-Ui filed as NEW YORK LIFE INVESTMENTS ET | 0.17% | 32,247 | $1.0M | Reduce -7.3% |
| ASA ASA Gold and Precious Metals | 0.16% | 32,080 | $1.0M | Reduce -33.0% |
| UPS United Parcel Service Class B | 0.16% | 9,766 | $986K | No change |
| QIS Simplify Multi-Qis Alt ETF | 0.16% | 44,729 | $984K | Add +0.7% |
| CVX Chevron Corp. | 0.15% | 6,729 | $964K | Reduce -19.6% |
| IOO iShares Global 100 ETF | 0.15% | 8,529 | $919K | New |
| VPU Vanguard Utilities ETF | 0.14% | 4,824 | $851K | Reduce -4.6% |
| XBXMX Nuveen S&P 500 Buy-WR Inc. | 0.13% | 57,855 | $803K | Add +0.7% |
| DBL Doubleline Opport Credit | 0.12% | 50,160 | $771K | Add +6.5% |
| SRLN SS Blackstone Sr Loan ETF | 0.12% | 18,322 | $762K | Add +0.7% |
| PSK SS SPDR Ice Pref Sec ETF | 0.12% | 23,275 | $739K | Add +1.2% |
| SGI Somnigroup International Inc. | 0.11% | 10,228 | $696K | Add +30.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.10% | 2,032 | $599K | Add +3.3% |
| ICSH iShares Ultra Short Duration | 0.09% | 11,485 | $582K | Add +17.5% |
| SLV iShares Silver Trust | 0.09% | 16,264 | $534K | New |
| EOG EOG Resources Inc. | 0.08% | 4,261 | $510K | Add +11.3% |
| CSCO Cisco Systems Inc. | 0.07% | 6,761 | $469K | Add +8.4% |
| SWKS Skyworks Solutions Inc. | 0.07% | 6,271 | $467K | Add +9.4% |
| IAU iShares Gold Trust | 0.07% | 7,432 | $463K | Reduce -63.3% |
| TIP iShares Tips Bond ETF | 0.07% | 4,165 | $458K | Reduce -76.3% |
| BEN Franklin Templeton Inc. | 0.07% | 17,309 | $413K | Add +0.7% |
| JBL Jabil Inc. | 0.07% | 1,884 | $411K | Add +0.4% |
| RBIL US Treasury Ultra Short Tips | 0.06% | 8,095 | $405K | New |
| APAM Artisan Partners Asset Ma -A | 0.06% | 9,038 | $401K | Add +8.1% |
| TSM Taiwan Semiconductor-SP ADR | 0.06% | 1,689 | $383K | Add +28.5% |
| FGD First Trust DJ GL Sel DVD | 0.06% | 13,830 | $381K | Add +0.7% |
| NVDA Nvidia Corp. | 0.06% | 2,365 | $374K | Add +17.4% |
| UBER Uber Technologies Inc. | 0.06% | 3,896 | $363K | Add +28.2% |
| META Meta Platforms Inc. Class A | 0.06% | 488 | $360K | Add +35.9% |
| NFLX Netflix Inc. | 0.06% | 268 | $359K | Add +13.1% |
| MELI MercadoLibre Inc. | 0.06% | 135 | $353K | Add +25.0% |
Portfolio Sells Q1 2025 → Q2 2025
| USFR Wisdomtree Floating Rate Tre | Reduce -46.7% | 2.61% | −2.58 |
| SCHD Schwab US DVD Equity ETF | Sold out | 0.00% | −2.16 |
| ACVU Hartford Alpha Cap Val ETF | Reduce -11.7% | 2.31% | −0.41 |
| TIP iShares Tips Bond ETF | Reduce -76.3% | 0.07% | −0.26 |
| RFG Invesco S&P Midcap 400 Pure | Sold out | 0.00% | −0.22 |
| RPG Invesco S&P 500 Pure Growth | Sold out | 0.00% | −0.18 |
| RZG Invesco S&P Smallcap 600 Pur | Sold out | 0.00% | −0.18 |
| IAU iShares Gold Trust | Reduce -63.3% | 0.07% | −0.13 |
| XOM Exxon Mobil Corp. | Reduce -7.1% | 0.37% | −0.10 |
| HGER Harbor Commodity All Weather | Reduce -77.2% | 0.02% | −0.08 |
| CVX Chevron Corp. | Reduce -19.6% | 0.15% | −0.08 |
| ASA ASA Gold and Precious Metals | Reduce -33.0% | 0.16% | −0.08 |
| RPV Invesco S&P 500 Pure Value E | Sold out | 0.00% | −0.08 |
| CMDT PIMCO Commodity Active Strat | Sold out | 0.00% | −0.06 |
| RZV Invesco S&P Smallcap 600 Pur | Sold out | 0.00% | −0.04 |
| VTIP Vanguard Short-Term Tips | Reduce -10.8% | 0.24% | −0.04 |
| FLTR Vaneck Ig Floating Rate ETF | Reduce -8.5% | 0.24% | −0.04 |
| WOOD iShares Global Timber & Fore | Sold out | 0.00% | −0.04 |
| FPE FT-Preferred Secur & Inc. ETF | Reduce -6.2% | 0.25% | −0.03 |
| WM Waste Management Inc. | Reduce -1.7% | 0.29% | −0.03 |
| RFV Invesco S&P Midcap 400 Pure | Sold out | 0.00% | −0.02 |
| RLY SS Multi-Asset Real Ret ETF | Reduce -4.7% | 0.22% | −0.02 |
| QAI Nylim HDG MLT-STR TRC ETF-Ui | Reduce -7.3% | 0.17% | −0.02 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Sold out | 0.00% | −0.01 |
| DBMF Imgp Dbi MFT STR ETF-Usd Inc. | Reduce -2.1% | 0.17% | −0.01 |
| VPU Vanguard Utilities ETF | Reduce -4.6% | 0.14% | −0.01 |
| CME Cme Group Inc. | Reduce -0.3% | 0.35% | −0.01 |
| ENVA Enova International Inc. | Sold out | 0.00% | −0.00 |
| HRL Hormel Foods Corp. | Sold out | 0.00% | −0.00 |
| BERY Berry Global Group Inc. | Sold out | 0.00% | −0.00 |
| CHX Championx Corp. | Sold out | 0.00% | −0.00 |
| VNOM Viper Energy Inc. | Sold out | 0.00% | −0.00 |
| DLB Dolby Laboratories Inc. Class A | Sold out | 0.00% | −0.00 |
| OVV Ovintiv Inc. | Sold out | 0.00% | −0.00 |
| AMG Affiliated Managers Group | Sold out | 0.00% | −0.00 |
| CSTM Constellium SE | Sold out | 0.00% | −0.00 |
| HST Host Hotels & Resorts Inc. | Sold out | 0.00% | −0.00 |
| JXN Jackson Financial Inc. Class A | Sold out | 0.00% | −0.00 |
| RDNT Radnet Inc. | Sold out | 0.00% | −0.00 |
| CDE Coeur Mining Inc. | Sold out | 0.00% | −0.00 |
| TPL Texas Pacific Land Corp. | Sold out | 0.00% | −0.00 |
| ALKT Alkami Technology Inc. | Sold out | 0.00% | −0.00 |
| ECHO Echostar Corp. Class A | Sold out | 0.00% | −0.00 |
| SN Sharkninja Inc. | Sold out | 0.00% | −0.00 |
| WRBY Warby Parker Inc. Class A | Sold out | 0.00% | −0.00 |
| ALK Alaska Air Group Inc. | Sold out | 0.00% | −0.00 |
| CAVA Cava Group Inc. | Sold out | 0.00% | −0.00 |
| WWW Wolverine World Wide Inc. | Sold out | 0.00% | −0.00 |
| CTSH Cognizant Tech Solutions-A | Reduce -1.0% | 0.02% | −0.00 |
| SLVM Sylvamo Corp. | Reduce -2.9% | 0.00% | −0.00 |
Portfolio Buys Q1 2025 → Q2 2025
| SCHP Schwab U.S. Tips ETF | Add +48.6% | 6.82% | +1.92 |
| VEA Vanguard Ftse Developed ETF | Add +1.9% | 7.08% | +0.52 |
| GLD SPDR Gold Shares | New | 0.50% | +0.50 |
| SCHF Schwab Intl Equity ETF | Add +1.0% | 7.22% | +0.44 |
| VEU Vanguard Ftse All-World Ex-U | New | 0.43% | +0.43 |
| SCHX Schwab US Large-Cap ETF | Add +1.4% | 5.64% | +0.31 |
| VWO Vanguard Ftse Emerging Marke | Add +1.4% | 6.16% | +0.27 |
| SPEM State Street SP PTF Em ETF | Add +521.6% | 0.30% | +0.25 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +78.8% | 0.62% | +0.25 |
| AVGO Broadcom Inc. | Add +6.1% | 0.64% | +0.25 |
| VOO Vanguard S&P 500 ETF | Add +1.6% | 3.97% | +0.22 |
| VSS Vanguard Ftse All Wo X-US SC | New | 0.20% | +0.20 |
| GLDM SPDR Gold Minishares Trust | Add +99.0% | 0.38% | +0.19 |
| IMCG iShares Morningstar Mid-Cap | Add +1.3% | 2.38% | +0.16 |
| IOO iShares Global 100 ETF | New | 0.15% | +0.15 |
| MSFT Microsoft Corp. | Add +3.7% | 0.52% | +0.12 |
| XHLF Bondbloxx BBG 6 MTH US Treas | Add +62.9% | 0.33% | +0.12 |
| SOXX iShares Semiconductor ETF | Add +7.2% | 0.40% | +0.09 |
| SLV iShares Silver Trust | New | 0.09% | +0.09 |
| XLC SS Comm Select Sector SPDR | Add +7.2% | 0.68% | +0.08 |
| IEF iShares 7-10 Year Treasury B | Add +37.3% | 0.32% | +0.07 |
| ISCG iShares Morningstar Small-Ca | Add +1.3% | 1.33% | +0.07 |
| SCHA Schwab US Small-Cap ETF | Add +1.3% | 2.17% | +0.07 |
| TXN Texas Instruments Inc. | Add +7.7% | 0.45% | +0.07 |
| STIP iShares 0-5 Year Tips Bond E | Add +41.3% | 0.27% | +0.07 |
| RBIL US Treasury Ultra Short Tips | New | 0.06% | +0.06 |
| IMCB iShares Morningstar Mid-Cap | Add +1.4% | 2.25% | +0.06 |
| INDA iShares MSCI India ETF | New | 0.05% | +0.05 |
| MS Morgan Stanley | Add +1.9% | 0.36% | +0.05 |
| MCHI iShares MSCI China ETF | New | 0.04% | +0.04 |
| VXUS Vanguard Total Intl Stock | Add +16.9% | 0.21% | +0.04 |
| IVVB iShares Large Cap Deep Quart | Add +21.2% | 0.21% | +0.04 |
| SGI Somnigroup International Inc. | Add +30.4% | 0.11% | +0.03 |
| TSM Taiwan Semiconductor-SP ADR | Add +28.5% | 0.06% | +0.02 |
| DJP Ipath Bloomberg Commodity Inc. | New | 0.02% | +0.02 |
| NVDA Nvidia Corp. | Add +17.4% | 0.06% | +0.02 |
| META Meta Platforms Inc. Class A | Add +35.9% | 0.06% | +0.02 |
| JBL Jabil Inc. | Add +0.4% | 0.07% | +0.02 |
| APP AppLovin Corp. Class A | Add +33.8% | 0.05% | +0.02 |
| GOOGL Alphabet Inc. Class A | Add +48.4% | 0.06% | +0.02 |
| MELI MercadoLibre Inc. | Add +25.0% | 0.06% | +0.02 |
| UBER Uber Technologies Inc. | Add +28.2% | 0.06% | +0.02 |
| AMZN Amazon.com Inc. | Add +44.0% | 0.06% | +0.02 |
| NFLX Netflix Inc. | Add +13.1% | 0.06% | +0.02 |
| BKNG Booking Holdings Inc. | Add +25.0% | 0.06% | +0.02 |
| MA Mastercard Inc. Class A | Add +50.4% | 0.06% | +0.02 |
| TROW T Rowe Price Group Inc. | Add +8.6% | 0.25% | +0.02 |
| LLY Eli Lilly & Co. | Add +64.0% | 0.05% | +0.02 |
| V Visa Inc. Class A | Add +50.3% | 0.06% | +0.02 |
| GE General Electric | Add +19.5% | 0.05% | +0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 100 | $689.5M | ILCV, SCHF, VEA, VWO, SCHX |
| Q1 2026 | 178 | $602.1M | ILCV, SCHF, VEA, VWO, SCHX |
| Q4 2025 | 215 | $605.9M | ILCV, SCHF, VEA, VWO, SCHP |
| Q3 2025 | 249 | $638.8M | ILCV, SCHF, VEA, SCHP, VWO |
| Q2 2025 | 255 | $628.2M | ILCV, SCHF, VEA, SCHP, VWO |
| Q1 2025 | 255 | $592.8M | ILCV, SCHF, VEA, VWO, SCHX |
| Q4 2024 | 251 | $575.4M | ILCV, SCHF, VEA, USFR, VWO |
| Q3 2024 | 239 | $534.8M | ILCV, SCHF, VEA, VWO, SCHX |
| Q2 2024 | 171 | $442.9M | SCHF, ILCV, SCHX, VWO, SCHP |
| Q1 2024 | 83 | $442.1M | SCHF, ILCV, SCHX, VWO, SCHP |