Systematic Alpha Investments, LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Systematic Alpha Investments, LLC reported 228 stock positions worth $2.7 billion. Its top holding was Vanguard S&P 500 ETF (VOO) at 22.5% of the portfolio, followed by Eli Lilly (LLY, 7.9%) and Vanguard Mrngstr Val ETF-Aui (VTV, 5.6%). Compared with Q3 2024, it opened 12 new positions, sold out of 6, added to 11 and reduced 9. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +78%) and the biggest sale an exit from iShares 20+ Year Treasury BD (TLT).

Most Recent 13F
Q2 2026
Location
PRINCETON, NJ
CIK
0001806755
Portfolio Value
$2.7B (Q4 2024)
SEC Filing
0001806755-25-000001 ↗ filed Feb 13, 2025

Holdings Value

0$1.0B$2.0B$3.0B$4.0B Q1 2024: $2.5B Q1 2024 Q2 2024: $2.6B Q2 2024 Q3 2024: $2.7B Q3 2024 Q4 2024: $2.7B $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 228 stocks · $2.7B
VOO Vanguard S&P 500 ETF 22.48% 1,132,544 $610.2M No change
LLY Eli Lilly & Co. 7.94% 279,303 $215.6M No change
VTV Vanguard Mrngstr Val ETF-Aui 5.58% 894,868 $151.5M No change
AAPL Apple Inc. 5.32% 576,144 $144.3M No change
NVDA Nvidia Corp. 4.43% 895,220 $120.2M Reduce -0.6%
MSFT Microsoft Corp. 3.90% 251,402 $106.0M No change
VIG Vanguard Dividend Apprec ETF 2.55% 353,000 $69.1M No change
GOOGL Alphabet Inc. Class A 2.15% 308,600 $58.4M Add +0.0%
VUG Vanguard Mrngstar GR ETF-Sui 1.98% 130,672 $53.6M No change
TRV The Travelers Cos Inc. 1.91% 215,208 $51.8M No change
AMAT Applied Materials Inc. 1.90% 317,598 $51.7M Reduce -0.8%
VGT Vanguard Info Tech ETF 1.89% 82,300 $51.2M No change
AMZN Amazon.com Inc. 1.82% 225,500 $49.5M Add +0.0%
SPY SS SPDR S&P 500 ETF Trust-US 1.62% 75,170 $44.1M Add +78.3%
META Meta Platforms Inc. Class A 1.58% 73,470 $43.0M No change
MRK Merck & Co. Inc. 1.50% 410,682 $40.9M No change
RZV Invesco S&P Smallcap 600 Pur 1.26% 306,488 $34.1M No change
MA Mastercard Inc. Class A 1.16% 59,876 $31.5M No change
GOOG Alphabet Inc. Class C 1.11% 158,760 $30.2M Add +0.0%
WM Waste Management Inc. 1.11% 149,216 $30.1M No change
PEP Pepsico Inc. 1.08% 193,425 $29.4M No change
HD Home Depot Inc. 1.08% 75,320 $29.3M No change
UNH Unitedhealth Group Inc. 1.07% 57,323 $29.0M No change
MCD McDonald's Corp. 1.03% 96,001 $27.8M No change
ALL Allstate Corp. 0.90% 126,941 $24.5M No change
MET Metlife Inc. 0.85% 280,471 $23.0M No change
UNP Union Pacific Corp. 0.78% 93,348 $21.3M No change
AEP American Electric Power 0.74% 217,000 $20.0M No change
CSCO Cisco Systems Inc. 0.69% 314,568 $18.6M No change
ABBV Abbvie Inc. 0.64% 98,285 $17.5M No change
KMB Kimberly-Clark Corp. 0.64% 131,859 $17.3M No change
TMUS T-Mobile US Inc. 0.62% 76,760 $16.9M Add +5.1%
BMY Bristol-Myers Squibb Co. 0.62% 296,292 $16.8M No change
AVGO Broadcom Inc. 0.60% 70,131 $16.3M Reduce -4.7%
RTX RTX Corp. 0.57% 134,190 $15.5M No change
TGT Target Corp. 0.57% 114,786 $15.5M No change
NFLX Netflix Inc. 0.55% 16,761 $14.9M No change
SLF Sun Life Financial Inc. 0.55% 250,808 $14.9M No change
YUM Yum! Brands Inc. 0.49% 99,234 $13.3M No change
AVY Avery Dennison Corp. 0.49% 70,644 $13.2M No change
ES Eversource Energy 0.48% 226,152 $13.0M No change
VZ Verizon Communications Inc. 0.46% 308,920 $12.4M No change
XLF SS Financial Select Sector 0.44% 248,410 $12.0M No change
PFE Pfizer Inc. 0.41% 424,515 $11.3M No change
MO Altria Group Inc. 0.41% 212,638 $11.1M No change
TSLA Tesla Inc. 0.41% 27,229 $11.0M No change
KO The Coca-Cola Co. 0.40% 172,300 $10.7M No change
EIX Edison International 0.38% 130,188 $10.4M No change
TFC Truist Financial Corp. 0.37% 233,937 $10.1M No change
AAMI Acadian Asset Management Inc. filed as BRIGHTSPHERE INVT GROUP INC 0.36% 370,108 $9.7M No change
IWM iShares Russell 2000 ETF 0.33% 40,006 $8.8M New
JPM JPMorgan Chase & Co. 0.33% 36,804 $8.8M No change
UL Unilever PLC 0.31% 147,881 $8.4M No change
SLM SLM Corp. 0.28% 277,906 $7.7M No change
LRCX Lam Research Corp. 0.28% 104,381 $7.5M Reduce -90.4%
AGG iShares Core U.S. Aggregate 0.26% 72,000 $7.0M No change
AMD Advanced Micro Devices 0.24% 54,613 $6.6M No change
SPYD SS SPDR P S&P 500 Hi Div ETF 0.24% 147,601 $6.4M No change
SPYG SS SPDR P S&P 500 Growth ETF 0.23% 70,000 $6.2M No change
CRM Salesforce Inc. 0.19% 15,624 $5.2M No change
MCHP Microchip Technology Inc. 0.17% 79,000 $4.5M No change
INTC Intel Corp. 0.16% 215,388 $4.3M No change
WMT Walmart Inc. 0.15% 44,100 $4.0M No change
ADBE Adobe Inc. 0.13% 8,120 $3.6M No change
QCOM Qualcomm Inc. 0.13% 22,342 $3.4M No change
LDOS Leidos Holdings Inc. 0.12% 21,781 $3.1M No change
RCL Royal Caribbean Cruises Ltd. 0.11% 13,214 $3.0M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.11% 67,508 $3.0M No change
V Visa Inc. Class A 0.10% 8,673 $2.7M No change
PSA Public Storage 0.10% 9,030 $2.7M No change
ANET Arista Networks Inc. 0.09% 23,296 $2.6M No change
BEN Franklin Templeton Inc. 0.09% 126,200 $2.6M No change
VFC VF Corp. 0.09% 116,777 $2.5M No change
SO The Southern Co. 0.09% 30,000 $2.5M No change
MDT Medtronic PLC 0.09% 29,701 $2.4M No change
IVZ Invesco Ltd. 0.08% 126,193 $2.2M No change
MS Morgan Stanley 0.08% 17,326 $2.2M No change
CVX Chevron Corp. 0.08% 14,854 $2.2M No change
ORLY O'reilly Automotive Inc. 0.08% 1,800 $2.1M No change
FCX Freeport-McMoran Inc. 0.07% 53,157 $2.0M No change
PBI Pitney Bowes Inc. 0.07% 275,000 $2.0M No change
FANG Diamondback Energy Inc. 0.07% 12,013 $2.0M No change
BSX Boston Scientific Corp. 0.07% 21,760 $1.9M No change
GS Goldman Sachs Group Inc. 0.07% 3,194 $1.8M No change
BA The Boeing Co. 0.07% 10,038 $1.8M No change
CARR Carrier Global Corp. 0.06% 25,789 $1.8M No change
CBRE CBRE Group Inc. Class A 0.06% 13,223 $1.7M Add +58.8%
HPQ HP Inc. 0.06% 53,000 $1.7M No change
MAR Marriott International Class A 0.06% 6,143 $1.7M No change
QQQ Invesco QQQ Trust Series 1 0.06% 3,130 $1.6M No change
BRC Brady Corporation Class A 0.06% 20,200 $1.5M No change
LEN Lennar Corp. Class A 0.05% 10,729 $1.5M Add +24.2%
PHM Pultegroup Inc. 0.05% 13,088 $1.4M No change
OTIS Otis Worldwide Corp. 0.05% 14,610 $1.4M No change
NOW ServiceNow Inc. 0.05% 1,247 $1.3M No change
CMG Chipotle Mexican Grill Inc. 0.05% 21,600 $1.3M Reduce -44.8%
URI United Rentals Inc. 0.04% 1,674 $1.2M No change
KR Kroger Co. 0.04% 18,830 $1.2M Add +94.1%
HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC 0.04% 23,000 $1.1M No change
APA Apa Corp. 0.04% 48,003 $1.1M No change

Show all 228 holdings

Portfolio Sells Q3 2024 → Q4 2024
TLT iShares 20+ Year Treasury BD Sold out 0.00% −1.22
AMAT Applied Materials Inc. Reduce -0.8% 1.90% −0.46
LRCX Lam Research Corp. Reduce -90.4% 0.28% −0.05
TMO Thermo Fisher Scientific Inc. Reduce -69.7% 0.01% −0.04
CMG Chipotle Mexican Grill Inc. Reduce -44.8% 0.05% −0.03
KLAC KLA Corp. Reduce -45.9% 0.02% −0.03
MRO Marathon Oil Corp. Sold out 0.00% −0.03
CI The Cigna Group Reduce -44.0% 0.02% −0.02
ELV Elevance Health Inc. Reduce -40.7% 0.01% −0.02
QRVO Qorvo Inc. Sold out 0.00% −0.01
ASTH Astrana Health Inc. Sold out 0.00% −0.01
BKZHY Erste Bank Polska-Unsp ADR Sold out 0.00% −0.01
TBBK The Bancorp Inc. Sold out 0.00% −0.01
AVGO Broadcom Inc. Reduce -4.7% 0.60% +0.14
NVDA Nvidia Corp. Reduce -0.6% 4.43% +0.43

Portfolio Buys Q3 2024 → Q4 2024
SPY SS SPDR S&P 500 ETF Trust-US Add +78.3% 1.62% +0.74
IWM iShares Russell 2000 ETF New 0.33% +0.33
AMZN Amazon.com Inc. Add +0.0% 1.82% +0.29
GOOGL Alphabet Inc. Class A Add +0.0% 2.15% +0.28
GOOG Alphabet Inc. Class C Add +0.0% 1.11% +0.14
TMUS T-Mobile US Inc. Add +5.1% 0.62% +0.07
PH Parker Hannifin Corp. New 0.03% +0.03
CBRE CBRE Group Inc. Class A Add +58.8% 0.06% +0.03
KR Kroger Co. Add +94.1% 0.04% +0.02
KKR KKR & Co. Inc. New 0.02% +0.02
SWK Stanley Black & Decker Inc. New 0.02% +0.02
PYPL PayPal Holdings Inc. Add +59.2% 0.03% +0.01
NEM Newmont Corp. New 0.01% +0.01
GM General Motors Co. New 0.01% +0.01
LPLA LPL Financial Holdings Inc. New 0.01% +0.01
PAYC Paycom Software Inc. New 0.01% +0.01
GSHD Goosehead Insurance Inc. Class A New 0.01% +0.01
PLMR Palomar Holdings Inc. New 0.01% +0.01
SYF Synchrony Financial New 0.01% +0.01
FTI Technipfmc PLC New 0.01% +0.01
FTNT Fortinet Inc. Add +0.0% 0.04% +0.01
VTRS Viatris Inc. Add +0.0% 0.02% +0.00
LEN Lennar Corp. Class A Add +24.2% 0.05% −0.01

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