Systematic Alpha Investments, LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 13, 2024), Systematic Alpha Investments, LLC reported 220 stock positions worth $2.5 billion. Its top holding was Vanguard S&P 500 ETF (VOO) at 21.8% of the portfolio, followed by Eli Lilly (LLY, 8.7%) and Vanguard Mrngstr Val ETF-Aui (VTV, 5.8%). Compared with Q4 2023, it opened 1 new position, sold out of 67 and added to 6. The biggest buy was a new position in Yum! Brands (YUM) and the biggest sale an exit from Vanguard Eur STK Indx-Inst (VESIX).

Most Recent 13F
Q2 2026
Location
PRINCETON, NJ
CIK
0001806755
Portfolio Value
$2.5B (Q1 2024)
SEC Filing
0001806755-24-000003 ↗ filed May 13, 2024

Holdings Value

0$1.0B$2.0B$3.0B$4.0B Q1 2024: $2.5B $2.5B Q1 2024 Q2 2024: $2.6B Q2 2024 Q3 2024: $2.7B Q3 2024 Q4 2024: $2.7B Q4 2024 Q1 2025: $2.6B Q1 2025 Q2 2025: $2.8B Q2 2025 Q3 2025: $3.0B Q3 2025 Q4 2025: $3.2B Q4 2025 Q1 2026: $2.8B Q1 2026 Q2 2026: $3.7B Q2 2026

Holdings 220 stocks · $2.5B
VOO Vanguard S&P 500 ETF 21.82% 1,132,544 $544.4M No change
LLY Eli Lilly & Co. 8.71% 279,303 $217.3M No change
VTV Vanguard Mrngstr Val ETF-Aui 5.84% 894,868 $145.7M No change
MSFT Microsoft Corp. 4.24% 251,402 $105.8M No change
AAPL Apple Inc. 3.96% 576,144 $98.8M No change
NVDA Nvidia Corp. 3.26% 90,042 $81.4M No change
AMAT Applied Materials Inc. 2.65% 320,128 $66.0M No change
VIG Vanguard Dividend Apprec ETF 2.58% 353,000 $64.5M No change
MRK Merck & Co. Inc. 2.17% 410,682 $54.2M No change
TRV The Travelers Cos Inc. 1.99% 215,208 $49.5M No change
GOOGL Alphabet Inc. Class A 1.87% 308,600 $46.6M Add +0.0%
VUG Vanguard Mrngstar GR ETF-Sui 1.80% 130,672 $45.0M No change
VGT Vanguard Info Tech ETF 1.73% 82,300 $43.2M No change
AMZN Amazon.com Inc. 1.63% 225,500 $40.7M Add +0.0%
META Meta Platforms Inc. Class A 1.43% 73,470 $35.7M No change
PEP Pepsico Inc. 1.36% 193,425 $33.9M No change
RZV Invesco S&P Smallcap 600 Pur 1.32% 306,488 $33.0M No change
WM Waste Management Inc. 1.27% 149,216 $31.8M No change
HD Home Depot Inc. 1.16% 75,320 $28.9M No change
MA Mastercard Inc. Class A 1.16% 59,876 $28.8M No change
UNH Unitedhealth Group Inc. 1.14% 57,323 $28.4M No change
MCD McDonald's Corp. 1.09% 96,001 $27.1M No change
GOOG Alphabet Inc. Class C 0.97% 158,760 $24.2M Add +0.0%
UNP Union Pacific Corp. 0.92% 93,348 $23.0M No change
SPY SS SPDR S&P 500 ETF Trust-US 0.88% 42,170 $22.1M No change
ALL Allstate Corp. 0.88% 126,941 $22.0M No change
MET Metlife Inc. 0.83% 280,471 $20.8M No change
TGT Target Corp. 0.82% 114,786 $20.3M No change
AEP American Electric Power 0.75% 217,000 $18.7M No change
ABBV Abbvie Inc. 0.72% 98,285 $17.9M No change
TLT iShares 20+ Year Treasury BD 0.70% 184,000 $17.4M No change
KMB Kimberly-Clark Corp. 0.68% 131,859 $17.1M No change
BMY Bristol-Myers Squibb Co. 0.64% 296,292 $16.1M No change
AVY Avery Dennison Corp. 0.63% 70,644 $15.8M No change
CSCO Cisco Systems Inc. 0.63% 314,568 $15.7M No change
YUM Yum! Brands Inc. 0.55% 99,234 $13.8M New
SLF Sun Life Financial Inc. 0.55% 250,808 $13.7M No change
ES Eversource Energy 0.54% 226,152 $13.5M No change
RTX RTX Corp. 0.52% 134,190 $13.1M No change
VZ Verizon Communications Inc. 0.52% 308,920 $13.0M No change
TMUS T-Mobile US Inc. 0.48% 73,020 $11.9M No change
PFE Pfizer Inc. 0.47% 424,515 $11.8M No change
LRCX Lam Research Corp. 0.42% 10,889 $10.6M No change
KO The Coca-Cola Co. 0.42% 172,300 $10.5M No change
XLF SS Financial Select Sector 0.42% 248,410 $10.5M No change
NFLX Netflix Inc. 0.41% 16,761 $10.2M No change
AMD Advanced Micro Devices 0.40% 54,613 $9.9M No change
AVGO Broadcom Inc. 0.39% 7,356 $9.7M No change
INTC Intel Corp. 0.38% 215,388 $9.5M No change
MO Altria Group Inc. 0.37% 212,638 $9.3M No change
EIX Edison International 0.37% 130,188 $9.2M No change
TFC Truist Financial Corp. 0.37% 233,937 $9.1M No change
AAMI Acadian Asset Management Inc. filed as BRIGHTSPHERE INVT GROUP INC 0.34% 370,108 $8.5M No change
UL Unilever PLC 0.30% 147,881 $7.4M No change
JPM JPMorgan Chase & Co. 0.30% 36,804 $7.4M No change
MCHP Microchip Technology Inc. 0.28% 79,000 $7.1M No change
AGG iShares Core U.S. Aggregate 0.28% 72,000 $7.1M No change
SLM SLM Corp. 0.24% 277,906 $6.1M No change
SPYD SS SPDR P S&P 500 Hi Div ETF 0.24% 147,601 $6.0M No change
SPYG SS SPDR P S&P 500 Growth ETF 0.21% 70,000 $5.1M No change
TSLA Tesla Inc. 0.19% 27,229 $4.8M Add +0.0%
CRM Salesforce Inc. 0.19% 15,624 $4.7M No change
ADBE Adobe Inc. 0.16% 8,120 $4.1M No change
QCOM Qualcomm Inc. 0.15% 22,342 $3.8M No change
BEN Franklin Templeton Inc. 0.14% 126,200 $3.5M No change
LDOS Leidos Holdings Inc. 0.11% 21,781 $2.9M No change
WMT Walmart Inc. 0.11% 44,100 $2.7M No change
PSA Public Storage 0.10% 9,030 $2.6M No change
MDT Medtronic PLC 0.10% 29,701 $2.6M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.10% 67,508 $2.6M No change
FCX Freeport-McMoran Inc. 0.10% 53,157 $2.5M No change
V Visa Inc. Class A 0.10% 8,673 $2.4M No change
FANG Diamondback Energy Inc. 0.10% 12,013 $2.4M No change
CVX Chevron Corp. 0.09% 14,854 $2.3M No change
CMG Chipotle Mexican Grill Inc. 0.09% 782 $2.3M No change
SO The Southern Co. 0.09% 30,000 $2.2M No change
IVZ Invesco Ltd. 0.08% 126,193 $2.1M No change
ORLY O'reilly Automotive Inc. 0.08% 1,800 $2.0M No change
BA The Boeing Co. 0.08% 10,038 $1.9M No change
OTIS Otis Worldwide Corp. 0.07% 18,610 $1.8M No change
RCL Royal Caribbean Cruises Ltd. 0.07% 13,214 $1.8M No change
VFC VF Corp. 0.07% 116,777 $1.8M No change
ALGN Align Technology Inc. 0.07% 5,266 $1.7M No change
CE Celanese Corp. 0.07% 10,000 $1.7M No change
ANET Arista Networks Inc. 0.07% 5,824 $1.7M No change
APA Apa Corp. 0.07% 48,003 $1.7M No change
MS Morgan Stanley 0.07% 17,326 $1.6M No change
HPQ HP Inc. 0.06% 53,000 $1.6M No change
PHM Pultegroup Inc. 0.06% 13,088 $1.6M No change
MAR Marriott International Class A 0.06% 6,143 $1.5M No change
CARR Carrier Global Corp. 0.06% 25,789 $1.5M No change
BSX Boston Scientific Corp. 0.06% 21,760 $1.5M No change
LEN Lennar Corp. Class A 0.06% 8,639 $1.5M No change
QQQ Invesco QQQ Trust Series 1 0.06% 3,130 $1.4M No change
NUE Nucor Corp. 0.06% 7,020 $1.4M No change
MGM MGM Resorts International 0.06% 29,270 $1.4M No change
KLAC KLA Corp. 0.05% 1,961 $1.4M No change
TMO Thermo Fisher Scientific Inc. 0.05% 2,296 $1.3M No change
GS Goldman Sachs Group Inc. 0.05% 3,194 $1.3M No change
MPC Marathon Petroleum Corp. 0.05% 6,315 $1.3M No change
URI United Rentals Inc. 0.05% 1,674 $1.2M No change
SSNHZ Samsung Electr-GDR Reg S 0.05% 800 $1.2M No change
BRC Brady Corporation Class A 0.05% 20,200 $1.2M No change
PBI Pitney Bowes Inc. 0.05% 275,000 $1.2M No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.05% 21,425 $1.2M No change
SNPS Synopsys Inc. 0.05% 2,053 $1.2M No change
PXD Pioneer Natural Resources Co. 0.04% 4,198 $1.1M No change
CPRT Copart Inc. 0.04% 18,972 $1.1M No change
WDC Western Digital Corp. 0.04% 16,000 $1.1M No change
F Ford Motor Co. filed as FORD MTR CO DEL 0.04% 79,942 $1.1M No change
CI The Cigna Group 0.04% 2,821 $1.0M No change
TER Teradyne Inc. 0.04% 8,500 $959K No change
NOW ServiceNow Inc. 0.04% 1,247 $951K No change
HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC 0.04% 23,000 $905K No change
DECK Deckers Outdoor Corp. 0.03% 900 $847K No change
ELV Elevance Health Inc. 0.03% 1,597 $828K No change
NOC Northrop Grumman Corp. 0.03% 1,700 $814K No change
CBRE CBRE Group Inc. Class A 0.03% 8,328 $810K No change
BKR Baker Hughes Co. 0.03% 23,912 $801K No change
ATKR Atkore Inc. 0.03% 4,200 $800K No change
WBA Walgreens Boots Alliance Inc. 0.03% 36,400 $790K No change
CDNS Cadence Design SYS Inc. 0.03% 2,498 $778K No change
OGN Organon & Co. 0.03% 41,067 $772K No change
TOL Toll Brothers Inc. 0.03% 5,900 $763K No change
HES Hess Corp. 0.03% 4,980 $760K No change
GE General Electric 0.03% 4,243 $745K No change
MRO Marathon Oil Corp. 0.03% 26,098 $740K No change
RJF Raymond James Financial Inc. 0.03% 5,700 $732K No change
FTNT Fortinet Inc. 0.03% 10,360 $708K Add +0.0%
CHE Chemed Corp. 0.03% 1,100 $706K No change
FCFS Firstcash Holdings Inc. 0.03% 5,500 $701K No change
LNC Lincoln National Corp. 0.03% 20,738 $662K No change
HSY The Hershey Co. 0.03% 3,401 $661K No change
MGY Magnolia Oil & Gas Corp. Class A 0.03% 25,400 $659K No change
PWR Quanta Services Inc. 0.03% 2,493 $648K No change
SDY SS SPDR S&P Dividend ETF 0.03% 4,800 $630K No change
KNSL Kinsale Capital Group Inc. 0.03% 1,200 $630K No change
VTRS Viatris Inc. 0.03% 52,731 $630K Add +0.0%
RF Regions Financial Corp. 0.03% 29,615 $623K No change
NWSA News Corp. Class A 0.02% 23,740 $622K No change
TSM Taiwan Semiconductor-SP ADR 0.02% 4,400 $599K No change
COP Conocophillips 0.02% 4,610 $587K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.02% 4,731 $579K No change
BRK.B Berkshire Hathaway Inc. Class B 0.02% 1,346 $566K No change
KR Kroger Co. 0.02% 9,700 $554K No change
NSIT Insight Enterprises Inc. 0.02% 2,950 $547K No change
IX Orix - Sponsored ADR filed as ORIX CORP 0.02% 4,962 $547K No change
HAL Halliburton Co. 0.02% 13,816 $545K No change
ALSN Allison Transmission Holding 0.02% 6,600 $536K No change
HLT Hilton Worldwide Holdings Inc. 0.02% 2,438 $520K No change
BBWI Bath & Body Works Inc. 0.02% 10,370 $519K No change
ETSY Etsy Inc. 0.02% 7,528 $517K No change
BABA Alibaba Group Holding-SP ADR 0.02% 7,100 $514K No change
EEFT Euronet Worldwide Inc. 0.02% 4,600 $506K No change
DVN Devon Energy Corp. 0.02% 9,918 $498K No change
MCK McKesson Corp. 0.02% 900 $483K No change
CNC Centene Corp. 0.02% 6,134 $481K No change
PVH PVH Corp. 0.02% 3,169 $446K No change
CTS CTS Corp. 0.02% 9,360 $438K No change
SKM SK Telecom Co. Ltd.-Spon ADR 0.02% 19,900 $429K No change
CTVA Corteva Inc. 0.02% 7,400 $427K No change
ALB Albemarle Corp. 0.02% 3,237 $426K No change
DOX Amdocs Ltd. 0.02% 4,700 $425K No change
VWO Vanguard Ftse Emerging Marke 0.02% 10,115 $423K No change
CPB The Campbell's Company filed as CAMPBELL SOUP CO 0.02% 9,500 $422K No change
EEM iShares MSCI Emerging Market 0.02% 10,018 $412K No change
ISRG Intuitive Surgical Inc. 0.02% 1,029 $411K No change
NWL Newell Brands Inc. 0.02% 50,000 $402K No change
EBAY eBay Inc. 0.02% 7,580 $400K No change
GEN Gen Digital Inc. 0.02% 17,776 $398K No change
WBS Webster Financial Corp. 0.02% 7,792 $396K No change
UFPI Ufp Industries Inc. 0.02% 3,200 $394K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.02% 2,040 $390K No change
PYPL PayPal Holdings Inc. 0.02% 5,761 $386K No change
MOS The Mosaic Co. 0.02% 11,633 $378K No change
RDY Dr. Reddy's Laboratories-ADR 0.01% 4,900 $359K No change
AMT American Tower Corp. 0.01% 1,764 $349K No change
ASO Academy Sports & Outdoors Inc. 0.01% 5,100 $344K No change
IR Ingersoll-Rand Inc. 0.01% 3,562 $338K No change
UMC United Microelectron-SP ADR 0.01% 41,800 $338K No change
DFS Discover Financial Services 0.01% 2,547 $334K No change
DXC DXC Technology Co. 0.01% 15,578 $330K No change
COF Capital One Financial Corp. 0.01% 2,181 $325K No change
NWS News Corp. Class B 0.01% 11,500 $311K No change
ADI Analog Devices Inc. 0.01% 1,567 $310K No change
TGLS Tecnoglass Holdings Inc. 0.01% 5,900 $307K No change
DOOR Masonite International Corp. 0.01% 2,300 $302K No change
DXCM Dexcom Inc. 0.01% 2,172 $301K No change
DHR Danaher Corp. 0.01% 1,205 $301K No change
IBN Icici Bank Ltd.-Spon ADR 0.01% 11,300 $298K No change
STT State Street Corp. 0.01% 3,798 $294K No change
DOW Dow Inc. 0.01% 5,020 $291K No change
MU Micron Technology Inc. 0.01% 2,461 $290K No change
IVV iShares Core S&P 500 ETF 0.01% 544 $286K No change
C Citigroup Inc. 0.01% 4,238 $268K No change
EA Electronic Arts Inc. 0.01% 2,020 $268K No change
TKO Tko Group Holdings Inc. 0.01% 3,100 $268K No change
NCLH Norwegian Cruise Line Holdin 0.01% 12,708 $266K No change
LIN Linde PLC 0.01% 564 $262K No change
PGR Progressive Corp. 0.01% 1,257 $260K No change
BKZHY Erste Bank Polska-Unsp ADR filed as Santander Bank Polska SA Unsponsored ADR 0.01% 9,000 $257K No change
JCI Johnson Controls Internation 0.01% 3,909 $255K No change
EW Edwards Lifesciences Corp. 0.01% 2,670 $255K No change
ODFL Old Dominion Freight Line 0.01% 1,162 $255K No change
EXPE Expedia Group Inc. 0.01% 1,837 $253K No change
QRVO Qorvo Inc. 0.01% 2,160 $248K No change
HCA HCA Healthcare Inc. 0.01% 738 $246K No change
UAL United Airlines Holdings Inc. 0.01% 5,047 $242K No change
WAL Western Alliance Bancorp 0.01% 3,620 $232K No change
LKQ LKQ Corp. 0.01% 4,336 $232K No change
KEY Keycorp 0.01% 14,601 $231K No change
DRI Darden Restaurants Inc. 0.01% 1,380 $231K No change
LOW Lowe's Cos Inc. 0.01% 903 $230K No change
PAYC Paycom Software Inc. 0.01% 1,137 $226K No change
BIGGQ Big Lots Inc. 0.01% 46,600 $202K No change
LPLA LPL Financial Holdings Inc. 0.01% 760 $201K No change
IMMR Immersion Corporation 0.01% 24,400 $183K No change
HMY Harmony Gold MNG-Spon ADR 0.01% 21,600 $176K No change
PARAA Paramount Global Class B 0.00% 10,428 $123K No change
CIG.C Cia Energetica DE-Spon ADR 0.00% 14,000 $41K No change

Portfolio Sells Q4 2023 → Q1 2024
VESIX Vanguard Eur STK Indx-Inst Sold out 0.00% −0.57
SPGI S&P Global Inc. Sold out 0.00% −0.01
CPRI Capri Holdings Ltd. Sold out 0.00% −0.01
FMC FMC Corp. Sold out 0.00% −0.01
BLK BlackRock Finance Inc. Sold out 0.00% −0.01
WY Weyerhaeuser Co. Sold out 0.00% −0.01
FMX Fomento Economico Mex-SP ADR Sold out 0.00% −0.01
HUM Humana Inc. Sold out 0.00% −0.01
LYV Live Nation Entertainment Inc. Sold out 0.00% −0.01
SBUX Starbucks Corp. Sold out 0.00% −0.01
MCO Moody's Corp. Sold out 0.00% −0.01
APTV Aptiv Irish Holdings Ltd. Sold out 0.00% −0.01
OKE Oneok Inc. Sold out 0.00% −0.01
MDY State Street SPDR S&P Midcap Sold out 0.00% −0.01
CVS CVS Health Corp. Sold out 0.00% −0.01
FTI Technipfmc PLC Sold out 0.00% −0.01
ADSK Autodesk Inc. Sold out 0.00% −0.01
SBAC SBA Communications Corp. Sold out 0.00% −0.01
CCL Carnival Corp. Sold out 0.00% −0.01
FE Firstenergy Corp. Sold out 0.00% −0.01
GAP The Gap Inc. Sold out 0.00% −0.01
VYM Vanguard High DVD Yield ETF Sold out 0.00% −0.01
CFG Citizens Financial Group Sold out 0.00% −0.01
PLD Prologis Inc. Sold out 0.00% −0.01
SYF Synchrony Financial Sold out 0.00% −0.01
CMA Comerica Inc. Sold out 0.00% −0.01
WAB Wabtec Corp. Sold out 0.00% −0.01
ICE Intercontinental Exchange Inc. Sold out 0.00% −0.01
FISV Fiserv Inc. Sold out 0.00% −0.01
TXN Texas Instruments Inc. Sold out 0.00% −0.01
PM Philip Morris International Sold out 0.00% −0.00
PDD PDD Holdings Inc. Sold out 0.00% −0.00
KD Kyndryl Holdings Inc. Sold out 0.00% −0.00
BDX Becton Dickinson and Co. Sold out 0.00% −0.00
ZBH Zimmer Biomet Holdings Inc. Sold out 0.00% −0.00
VSXY Victoria's Secret & Co. Sold out 0.00% −0.00
WTW Willis Towers Watson PLC Sold out 0.00% −0.00
GPN Global Payments Inc. Sold out 0.00% −0.00
SPG Simon Property Group Inc. Sold out 0.00% −0.00
EQIX Equinix Inc. Sold out 0.00% −0.00
IEV iShares Europe ETF Sold out 0.00% −0.00
ZTS Zoetis Inc. Sold out 0.00% −0.00
XYZ Block Inc. Sold out 0.00% −0.00
ACN Accenture PLC Class A Sold out 0.00% −0.00
MSCI MSCI Inc. Sold out 0.00% −0.00
PRU Prudential Financial Inc. Sold out 0.00% −0.00
CMCSA Comcast Corp. Class A Sold out 0.00% −0.00
APH Amphenol Corp. Class A Sold out 0.00% −0.00
CBZ Cbiz Inc. Sold out 0.00% −0.00
IMOS Chipmos Technologies Inc.-ADR Sold out 0.00% −0.00

Portfolio Buys Q4 2023 → Q1 2024
YUM Yum! Brands Inc. New 0.55% +0.55
AMZN Amazon.com Inc. Add +0.0% 1.63% +0.09
FTNT Fortinet Inc. Add +0.0% 0.03% +0.00
VTRS Viatris Inc. Add +0.0% 0.03% −0.00
GOOG Alphabet Inc. Class C Add +0.0% 0.97% −0.03
GOOGL Alphabet Inc. Class A Add +0.0% 1.87% −0.07
TSLA Tesla Inc. Add +0.0% 0.19% −0.11

Notes & Other Activity Q4 2023 → Q1 2024
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 Sold out 1,080 $42Kbefore exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 233$3.7BVOO, LLY, AMAT, VTV, NVDA
Q1 2026 234$2.8BVOO, VTV, NVDA, AAPL, AMAT
Q4 2025 229$3.2BVOO, LLY, VTV, NVDA, AAPL
Q3 2025 227$3.0BVOO, LLY, NVDA, VTV, AAPL
Q2 2025 230$2.8BVOO, LLY, VTV, NVDA, MSFT
Q1 2025 222$2.6BVOO, LLY, VTV, AAPL, NVDA
Q4 2024 228$2.7BVOO, LLY, VTV, AAPL, NVDA
Q3 2024 222$2.7BVOO, LLY, VTV, AAPL, NVDA
Q2 2024 216$2.6BVOO, LLY, VTV, AAPL, MSFT
Q1 2024 220$2.5BVOO, LLY, VTV, MSFT, AAPL