Soumya Eswaran
3 min read
In This Article:
Matrix Asset Advisors, an asset management company, released its Q1 2025 investor letter. A copy of the letter can be downloaded here. After two years of gains exceeding 20%, the stock market rally ended in February when the president intensified his tariff threats. Technology and Growth stocks drove the stock market’s first-quarter decline. Matrix’s portfolios performed well during a challenging quarter. The Matrix Dividend Income portfolio recorded a slight positive return, while the LCV portfolio, which is more exposed to Technology, experienced a modest decline. Matrix’s Large Cap Value Portfolio (LCV) was down low single digits in Q1, surpassing the S&P 500® Index’s loss but behind the Russell 1000 Value’s 2.14% gain. Matrix Dividend Income (MDI) started the year positively, growing low single digits in Q1, ahead of both the S&P 500®’s loss and the Russell 1000® Value Index. In addition, please check the fund’s top five holdings to know its best picks in 2025.
In its first-quarter 2025 investor letter, Matrix Asset Advisors highlighted stocks such as Target Corporation (NYSE:TGT). Target Corporation (NYSE:TGT) is a US-based general merchandise retailer. The one-month return of Target Corporation (NYSE:TGT) was 0.30%, and its shares lost 34.35% of their value over the last 52 weeks. On May 27, 2025, Target Corporation (NYSE:TGT) stock closed at $96.99 per share with a market capitalization of $44.069 billion.
Matrix Asset Advisors stated the following regarding Target Corporation (NYSE:TGT) in its Q1 2025 investor letter:
"The market’s Q1 volatility provided opportunities to take profits on strength while very slowly redeploying the proceeds. With our larger-than-usual sales and scale-backs, we entered the current quarter with a higher-than usual cash balance, allowing us to add to some laggards and start a new position in Target Corporation (NYSE:TGT), a name we have held before in the portfolio. As we write this commentary, more stocks are nearing compelling levels, and we expect to accelerate our buying.
