Matrix Trust Co
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 14, 2025), Matrix Trust Co reported 249 stock positions worth $638.8 million. Its top holding was iShares Morningstar Value Et (ILCV) at 9.3% of the portfolio, followed by Schwab Intl Equity ETF (SCHF, 7.1%) and Vanguard Ftse Developed ETF (VEA, 6.8%). Compared with Q2 2025, it opened 29 new positions, sold out of 35, added to 54 and reduced 163. The biggest buy was Vanguard Int-Term Corporate (VCIT, shares +93%) and the biggest sale Wisdomtree Floating Rate Tre (USFR, shares −96%).
- Most Recent 13F
- Q2 2026
- Location
- DENVER, CO
- CIK
- 0001784277
- Portfolio Value
- $638.8M (Q3 2025)
- SEC Filing
- 0001784277-25-000009 ↗ filed Oct 14, 2025
Holdings Value
Holdings 249 stocks · $638.8M
| ILCV iShares Morningstar Value Et | 9.32% | 661,110 | $59.5M | Reduce -5.6% |
| SCHF Schwab Intl Equity ETF | 7.13% | 1,957,053 | $45.6M | Reduce -4.7% |
| VEA Vanguard Ftse Developed ETF | 6.80% | 725,272 | $43.5M | Reduce -7.0% |
| SCHP Schwab U.S. Tips ETF | 6.72% | 1,591,801 | $42.9M | Reduce -0.9% |
| VWO Vanguard Ftse Emerging Marke | 6.27% | 739,729 | $40.1M | Reduce -5.5% |
| SCHX Schwab US Large-Cap ETF | 5.94% | 1,440,831 | $38.0M | Reduce -0.6% |
| IVV iShares Core S&P 500 ETF | 4.69% | 44,766 | $30.0M | Reduce -1.9% |
| VOO Vanguard S&P 500 ETF | 4.25% | 44,284 | $27.1M | Add +1.0% |
| AGG iShares Core U.S. Aggregate | 4.09% | 260,534 | $26.1M | Add +9.1% |
| VCSH Vanguard S/T Corp. Bond ETF | 3.07% | 245,233 | $19.6M | Reduce -5.8% |
| IMCG iShares Morningstar Mid-Cap | 2.61% | 201,840 | $16.7M | Add +8.4% |
| IMCV iShares Morningstar Mid-Cap | 2.57% | 204,066 | $16.4M | Add +1.1% |
| IMCB iShares Morningstar Mid-Cap | 2.43% | 186,998 | $15.5M | Add +5.5% |
| SCHA Schwab US Small-Cap ETF | 2.37% | 541,906 | $15.1M | Add +0.5% |
| ACVU Hartford Alpha Cap Val ETF | 2.32% | 557,329 | $14.8M | Reduce -1.4% |
| VCIT Vanguard Int-Term Corporate | 2.27% | 172,661 | $14.5M | Add +93.4% |
| ISCV iShares Morningstar Small-Ca | 1.93% | 184,974 | $12.3M | Reduce -2.4% |
| ISCG iShares Morningstar Small-Ca | 1.50% | 176,783 | $9.6M | Add +5.6% |
| BND Vanguard Total Bond Market | 1.18% | 101,131 | $7.5M | Add +7.9% |
| XLC SS Comm Select Sector SPDR | 0.68% | 36,830 | $4.4M | Reduce -7.0% |
| XLE SS Energy Select Sector | 0.64% | 45,654 | $4.1M | Reduce -5.4% |
| GLD SPDR Gold Shares | 0.62% | 11,180 | $4.0M | Add +8.3% |
| AVGO Broadcom Inc. | 0.60% | 11,712 | $3.9M | Reduce -19.1% |
| VNQ Vanguard Real Estate ETF | 0.59% | 41,414 | $3.8M | Add +7.5% |
| AAPL Apple Inc. | 0.56% | 13,930 | $3.5M | Reduce -1.4% |
| ABBV Abbvie Inc. | 0.52% | 14,265 | $3.3M | Reduce -2.3% |
| MSFT Microsoft Corp. | 0.51% | 6,348 | $3.3M | Reduce -3.3% |
| FXI iShares China Large-Cap ETF | 0.49% | 75,475 | $3.1M | Reduce -4.7% |
| JPM JPMorgan Chase & Co. | 0.47% | 9,581 | $3.0M | Reduce -3.7% |
| GLDM SPDR Gold Minishares Trust | 0.46% | 38,832 | $3.0M | Add +7.3% |
| VEU Vanguard Ftse All-World Ex-U | 0.42% | 37,378 | $2.7M | Reduce -6.3% |
| SOXX iShares Semiconductor ETF | 0.40% | 9,468 | $2.6M | Reduce -9.0% |
| TXN Texas Instruments Inc. | 0.38% | 13,339 | $2.5M | Reduce -2.6% |
| MS Morgan Stanley | 0.38% | 15,094 | $2.4M | Reduce -7.1% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.37% | 25,942 | $2.4M | Reduce -38.5% |
| XOM Exxon Mobil Corp. | 0.36% | 20,523 | $2.3M | Reduce -4.5% |
| MRK Merck & Co. Inc. | 0.36% | 27,294 | $2.3M | Add +56.8% |
| FAST Fastenal Co. | 0.36% | 46,319 | $2.3M | Reduce -5.1% |
| MCD McDonald's Corp. | 0.35% | 7,414 | $2.3M | Reduce -4.6% |
| COST Costco Wholesale Corp. | 0.34% | 2,344 | $2.2M | Reduce -4.4% |
| C Citigroup Inc. | 0.34% | 21,313 | $2.2M | Add +992.4% |
| XHLF Bondbloxx BBG 6 MTH US Treas | 0.34% | 42,796 | $2.2M | Add +2.7% |
| HD Home Depot Inc. | 0.33% | 5,223 | $2.1M | Reduce -7.0% |
| RTX RTX Corp. | 0.32% | 12,308 | $2.1M | Add +10.7% |
| GS Goldman Sachs Group Inc. | 0.32% | 2,527 | $2.0M | New |
| UNH Unitedhealth Group Inc. | 0.30% | 5,544 | $1.9M | Reduce -6.6% |
| IEF iShares 7-10 Year Treasury B | 0.29% | 19,030 | $1.8M | Reduce -8.0% |
| ETN Eaton Corp. PLC | 0.29% | 4,880 | $1.8M | New |
| SO The Southern Co. | 0.28% | 19,127 | $1.8M | New |
| SPEM State Street SP PTF Em ETF | 0.28% | 37,553 | $1.8M | Reduce -15.5% |
| WM Waste Management Inc. | 0.26% | 7,574 | $1.7M | Reduce -4.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.26% | 5,810 | $1.6M | Add +185.9% |
| WEC WEC Energy Group Inc. | 0.25% | 14,205 | $1.6M | Reduce -13.1% |
| PAYX Paychex Inc. | 0.24% | 12,186 | $1.5M | Reduce -13.5% |
| FPE FT-Preferred Secur & Inc. ETF | 0.24% | 83,999 | $1.5M | Reduce -3.6% |
| STIP iShares 0-5 Year Tips Bond E | 0.24% | 14,717 | $1.5M | Reduce -10.7% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.23% | 14,607 | $1.5M | Reduce -9.1% |
| VTIP Vanguard Short-Term Tips | 0.23% | 28,808 | $1.5M | Reduce -4.3% |
| FLTR Vaneck Ig Floating Rate ETF | 0.23% | 57,026 | $1.5M | Reduce -3.9% |
| RLY SS Multi-Asset Real Ret ETF | 0.22% | 45,286 | $1.4M | Reduce -5.8% |
| ASA ASA Gold and Precious Metals | 0.22% | 30,228 | $1.4M | Reduce -5.8% |
| REET iShares Global REIT ETF | 0.22% | 53,935 | $1.4M | Reduce -5.8% |
| TLT iShares 20+ Year Treasury BD | 0.20% | 14,419 | $1.3M | No change |
| VT Vanguard Tot World STK ETF | 0.20% | 9,080 | $1.3M | New |
| VSS Vanguard Ftse All Wo X-US SC | 0.19% | 8,584 | $1.2M | Reduce -6.0% |
| VXUS Vanguard Total Intl Stock | 0.19% | 16,179 | $1.2M | Reduce -14.9% |
| PEP Pepsico Inc. | 0.18% | 8,084 | $1.1M | Reduce -8.5% |
| DBMF Imgp Dbi MFT STR ETF-Usd Inc. | 0.17% | 38,870 | $1.1M | Reduce -4.6% |
| QAI Nylim HDG MLT-STR TRC ETF-Ui filed as NEW YORK LIFE INVESTMENTS ET | 0.16% | 30,523 | $1.0M | Reduce -5.3% |
| ICSH iShares Ultra Short Duration | 0.16% | 20,023 | $1.0M | Add +74.3% |
| CVX Chevron Corp. | 0.15% | 6,269 | $974K | Reduce -6.8% |
| HDB HDFC Bank Ltd.-ADR | 0.15% | 28,506 | $974K | New |
| SGI Somnigroup International Inc. | 0.15% | 11,418 | $963K | Add +11.6% |
| IOO iShares Global 100 ETF | 0.15% | 7,974 | $957K | Reduce -6.5% |
| VPU Vanguard Utilities ETF | 0.14% | 4,731 | $896K | Reduce -1.9% |
| QIS Simplify Multi-Qis Alt ETF | 0.13% | 42,310 | $811K | Reduce -5.4% |
| XBXMX Nuveen S&P 500 Buy-WR Inc. | 0.12% | 52,360 | $756K | Reduce -9.5% |
| PSK SS SPDR Ice Pref Sec ETF | 0.12% | 22,766 | $753K | Reduce -2.2% |
| DBL Doubleline Opport Credit | 0.12% | 47,777 | $744K | Reduce -4.8% |
| SRLN SS Blackstone Sr Loan ETF | 0.11% | 17,615 | $732K | Reduce -3.9% |
| APP AppLovin Corp. Class A | 0.10% | 914 | $657K | Reduce -6.8% |
| SLV iShares Silver Trust | 0.10% | 15,391 | $652K | Reduce -5.4% |
| USFR Wisdomtree Floating Rate Tre | 0.10% | 12,635 | $635K | Reduce -96.1% |
| TSM Taiwan Semiconductor-SP ADR | 0.09% | 2,017 | $563K | Add +19.4% |
| GE General Electric filed as GE AEROSPACE | 0.08% | 1,803 | $542K | Add +36.4% |
| NVDA Nvidia Corp. | 0.08% | 2,893 | $540K | Add +22.3% |
| GOOGL Alphabet Inc. Class A | 0.08% | 2,161 | $525K | Add +10.1% |
| HGER Harbor Commodity All Weather | 0.08% | 19,989 | $516K | Add +236.3% |
| UBER Uber Technologies Inc. | 0.08% | 5,271 | $516K | Add +35.3% |
| IAU iShares Gold Trust | 0.08% | 6,962 | $507K | Reduce -6.3% |
| LLY Eli Lilly & Co. | 0.08% | 660 | $504K | Add +50.7% |
| PGR Progressive Corp. | 0.08% | 2,006 | $495K | Add +53.6% |
| V Visa Inc. Class A | 0.08% | 1,449 | $495K | Add +47.4% |
| BKNG Booking Holdings Inc. | 0.08% | 89 | $481K | Add +48.3% |
| MELI MercadoLibre Inc. | 0.08% | 206 | $481K | Add +52.6% |
| NFLX Netflix Inc. | 0.08% | 400 | $480K | Add +49.3% |
| MA Mastercard Inc. Class A | 0.07% | 833 | $474K | Add +34.8% |
| AMZN Amazon.com Inc. | 0.07% | 2,145 | $471K | Add +35.6% |
| META Meta Platforms Inc. Class A | 0.07% | 639 | $469K | Add +30.9% |
| EOG EOG Resources Inc. | 0.07% | 4,115 | $461K | Reduce -3.4% |
Portfolio Sells Q2 2025 → Q3 2025
| USFR Wisdomtree Floating Rate Tre | Reduce -96.1% | 0.10% | −2.51 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −0.37 |
| CME Cme Group Inc. | Sold out | 0.00% | −0.35 |
| ALL Allstate Corp. | Sold out | 0.00% | −0.32 |
| LMT Lockheed Martin Corp. | Sold out | 0.00% | −0.29 |
| VEA Vanguard Ftse Developed ETF | Reduce -7.0% | 6.80% | −0.28 |
| MRSH Marsh & McLennan Cos | Sold out | 0.00% | −0.27 |
| EXR Extra Space Storage Inc. | Sold out | 0.00% | −0.25 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -38.5% | 0.37% | −0.24 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -5.8% | 3.07% | −0.23 |
| IVVB iShares Large Cap Deep Quart | Sold out | 0.00% | −0.21 |
| UPS United Parcel Service Class B | Sold out | 0.00% | −0.16 |
| SCHP Schwab U.S. Tips ETF | Reduce -0.9% | 6.72% | −0.10 |
| SCHF Schwab Intl Equity ETF | Reduce -4.7% | 7.13% | −0.09 |
| PAYX Paychex Inc. | Reduce -13.5% | 0.24% | −0.08 |
| TXN Texas Instruments Inc. | Reduce -2.6% | 0.38% | −0.07 |
| BRK.B Berkshire Hathaway Inc. Class B | Sold out | 0.00% | −0.05 |
| LYB Lyondellbasell Indu Class A | Sold out | 0.00% | −0.05 |
| COST Costco Wholesale Corp. | Reduce -4.4% | 0.34% | −0.05 |
| STIP iShares 0-5 Year Tips Bond E | Reduce -10.7% | 0.24% | −0.03 |
| MCHI iShares MSCI China ETF | Reduce -76.7% | 0.01% | −0.03 |
| AVGO Broadcom Inc. | Reduce -19.1% | 0.60% | −0.03 |
| QIS Simplify Multi-Qis Alt ETF | Reduce -5.4% | 0.13% | −0.03 |
| IEF iShares 7-10 Year Treasury B | Reduce -8.0% | 0.29% | −0.03 |
| SPEM State Street SP PTF Em ETF | Reduce -15.5% | 0.28% | −0.03 |
| WM Waste Management Inc. | Reduce -4.3% | 0.26% | −0.03 |
| INTC Intel Corp. | Sold out | 0.00% | −0.03 |
| VXUS Vanguard Total Intl Stock | Reduce -14.9% | 0.19% | −0.02 |
| WEC WEC Energy Group Inc. | Reduce -13.1% | 0.25% | −0.02 |
| RBIL US Treasury Ultra Short Tips | Reduce -23.7% | 0.05% | −0.02 |
| JBL Jabil Inc. | Reduce -22.1% | 0.05% | −0.02 |
| BEN Franklin Templeton Inc. | Reduce -17.8% | 0.05% | −0.01 |
| TIP iShares Tips Bond ETF | Reduce -17.7% | 0.06% | −0.01 |
| FLTR Vaneck Ig Floating Rate ETF | Reduce -3.9% | 0.23% | −0.01 |
| XLE SS Energy Select Sector | Reduce -5.4% | 0.64% | −0.01 |
| VTIP Vanguard Short-Term Tips | Reduce -4.3% | 0.23% | −0.01 |
| TROW T Rowe Price Group Inc. | Reduce -9.1% | 0.23% | −0.01 |
| MCHP Microchip Technology Inc. | Reduce -29.2% | 0.02% | −0.01 |
| XBXMX Nuveen S&P 500 Buy-WR Inc. | Reduce -9.5% | 0.12% | −0.01 |
| APAM Artisan Partners Asset Ma -A | Reduce -11.3% | 0.05% | −0.01 |
| REET iShares Global REIT ETF | Reduce -5.8% | 0.22% | −0.01 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -6.3% | 0.42% | −0.01 |
| DXC DXC Technology Co. | Reduce -6.2% | 0.04% | −0.01 |
| EOG EOG Resources Inc. | Reduce -3.4% | 0.07% | −0.01 |
| MCD McDonald's Corp. | Reduce -4.6% | 0.35% | −0.01 |
| PEP Pepsico Inc. | Reduce -8.5% | 0.18% | −0.01 |
| CE Celanese Corp. | Reduce -2.9% | 0.02% | −0.01 |
| FCX Freeport-McMoran Inc. | Reduce -5.2% | 0.04% | −0.01 |
| FPE FT-Preferred Secur & Inc. ETF | Reduce -3.6% | 0.24% | −0.01 |
| SRLN SS Blackstone Sr Loan ETF | Reduce -3.9% | 0.11% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| VCIT Vanguard Int-Term Corporate | Add +93.4% | 2.27% | +1.09 |
| AGG iShares Core U.S. Aggregate | Add +9.1% | 4.09% | +0.32 |
| GS Goldman Sachs Group Inc. | New | 0.32% | +0.32 |
| C Citigroup Inc. | Add +992.4% | 0.34% | +0.31 |
| ETN Eaton Corp. PLC | New | 0.29% | +0.29 |
| SO The Southern Co. | New | 0.28% | +0.28 |
| VOO Vanguard S&P 500 ETF | Add +1.0% | 4.25% | +0.28 |
| IMCG iShares Morningstar Mid-Cap | Add +8.4% | 2.61% | +0.24 |
| SCHA Schwab US Small-Cap ETF | Add +0.5% | 2.37% | +0.20 |
| VT Vanguard Tot World STK ETF | New | 0.20% | +0.20 |
| IMCB iShares Morningstar Mid-Cap | Add +5.5% | 2.43% | +0.18 |
| ISCG iShares Morningstar Small-Ca | Add +5.6% | 1.50% | +0.18 |
| IBM Intl Business Machines Corp. | Add +185.9% | 0.26% | +0.16 |
| HDB HDFC Bank Ltd.-ADR | New | 0.15% | +0.15 |
| MRK Merck & Co. Inc. | Add +56.8% | 0.36% | +0.14 |
| IMCV iShares Morningstar Mid-Cap | Add +1.1% | 2.57% | +0.13 |
| GLD SPDR Gold Shares | Add +8.3% | 0.62% | +0.12 |
| GLDM SPDR Gold Minishares Trust | Add +7.3% | 0.46% | +0.09 |
| BND Vanguard Total Bond Market | Add +7.9% | 1.18% | +0.08 |
| ICSH iShares Ultra Short Duration | Add +74.3% | 0.16% | +0.07 |
| RTX RTX Corp. | Add +10.7% | 0.32% | +0.06 |
| CAIE Calamos Autocallable Inc. ETF | New | 0.06% | +0.06 |
| HGER Harbor Commodity All Weather | Add +236.3% | 0.08% | +0.06 |
| VNQ Vanguard Real Estate ETF | Add +7.5% | 0.59% | +0.05 |
| SGI Somnigroup International Inc. | Add +11.6% | 0.15% | +0.04 |
| GE General Electric | Add +36.4% | 0.08% | +0.03 |
| TSM Taiwan Semiconductor-SP ADR | Add +19.4% | 0.09% | +0.03 |
| GOOGL Alphabet Inc. Class A | Add +10.1% | 0.08% | +0.03 |
| NVDA Nvidia Corp. | Add +22.3% | 0.08% | +0.03 |
| TGT Target Corp. | New | 0.02% | +0.02 |
| LLY Eli Lilly & Co. | Add +50.7% | 0.08% | +0.02 |
| UBER Uber Technologies Inc. | Add +35.3% | 0.08% | +0.02 |
| PGR Progressive Corp. | Add +53.6% | 0.08% | +0.02 |
| V Visa Inc. Class A | Add +47.4% | 0.08% | +0.02 |
| BKNG Booking Holdings Inc. | Add +48.3% | 0.08% | +0.02 |
| MELI MercadoLibre Inc. | Add +52.6% | 0.08% | +0.02 |
| MA Mastercard Inc. Class A | Add +34.8% | 0.07% | +0.02 |
| AMZN Amazon.com Inc. | Add +35.6% | 0.07% | +0.02 |
| NFLX Netflix Inc. | Add +49.3% | 0.08% | +0.02 |
| MCO Moody's Corp. | Add +41.6% | 0.07% | +0.02 |
| META Meta Platforms Inc. Class A | Add +30.9% | 0.07% | +0.02 |
| OKE Oneok Inc. | Add +26.4% | 0.06% | +0.01 |
| XHLF Bondbloxx BBG 6 MTH US Treas | Add +2.7% | 0.34% | +0.00 |
| JXN Jackson Financial Inc. Class A | New | 0.00% | +0.00 |
| SLG SL Green Realty Corp. | New | 0.00% | +0.00 |
| VVX V2X Inc. | New | 0.00% | +0.00 |
| ARCB Arcbest Corp. | New | 0.00% | +0.00 |
| HST Host Hotels & Resorts Inc. | New | 0.00% | +0.00 |
| KTOS Kratos Defense & Security | New | 0.00% | +0.00 |
| SAH Sonic Automotive Inc. Class A | New | 0.00% | +0.00 |
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 |