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
ALGN Align Technology Inc. 0.04% 5,266 $1.1M No change
CPRT Copart Inc. 0.04% 18,972 $1.1M No change
TER Teradyne Inc. 0.04% 8,500 $1.1M No change
MGM MGM Resorts International 0.04% 29,270 $1.0M No change
SNPS Synopsys Inc. 0.04% 2,053 $996K No change
BKR Baker Hughes Co. 0.04% 23,912 $981K No change
FTNT Fortinet Inc. 0.04% 10,360 $979K Add +0.0%
WDC Western Digital Corp. 0.04% 16,000 $954K No change
RJF Raymond James Financial Inc. 0.03% 5,700 $885K No change
MPC Marathon Petroleum Corp. 0.03% 6,315 $881K No change
TSM Taiwan Semiconductor-SP ADR 0.03% 4,400 $869K No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.03% 21,425 $821K No change
NOC Northrop Grumman Corp. 0.03% 1,700 $798K No change
F Ford Motor Co. filed as FORD MTR CO 0.03% 79,942 $791K No change
PWR Quanta Services Inc. 0.03% 2,493 $788K No change
PYPL PayPal Holdings Inc. 0.03% 9,171 $783K Add +59.2%
CDNS Cadence Design SYS Inc. 0.03% 2,498 $751K No change
TOL Toll Brothers Inc. 0.03% 5,900 $743K No change
SSNHZ Samsung Electr-GDR Reg S 0.03% 800 $723K No change
ALSN Allison Transmission Holding 0.03% 6,600 $713K No change
PH Parker Hannifin Corp. 0.03% 1,120 $712K New
SFM Sprouts Farmers Market Inc. 0.03% 5,575 $708K No change
GE General Electric filed as GE AEROSPACE 0.03% 4,243 $708K No change
TGLS Tecnoglass Holdings Inc. 0.03% 8,800 $698K No change
RF Regions Financial Corp. 0.03% 29,615 $697K No change
CE Celanese Corp. 0.03% 10,000 $692K No change
KLAC KLA Corp. 0.02% 1,061 $669K Reduce -45.9%
HES Hess Corp. 0.02% 4,980 $662K No change
LNC Lincoln National Corp. 0.02% 20,738 $658K No change
VTRS Viatris Inc. 0.02% 52,731 $657K Add +0.0%
ACIW Aci Worldwide Inc. 0.02% 12,600 $654K No change
NWSA News Corp. Class A 0.02% 23,740 $654K No change
XOM Exxon Mobil Corp. 0.02% 6,040 $650K No change
SDY SS SPDR S&P Dividend ETF 0.02% 4,800 $634K No change
OGN Organon & Co. 0.02% 41,067 $613K No change
BRK.B Berkshire Hathaway Inc. Class B 0.02% 1,346 $610K No change
HLT Hilton Worldwide Holdings Inc. 0.02% 2,438 $603K No change
BABA Alibaba Group Holding-SP ADR 0.02% 7,100 $602K No change
MGY Magnolia Oil & Gas Corp. Class A 0.02% 25,400 $594K No change
CHE Chemed Corp. 0.02% 1,100 $583K No change
FCFS Firstcash Holdings Inc. 0.02% 5,500 $570K No change
ABCB Ameris Bancorp 0.02% 9,100 $569K No change
ISRG Intuitive Surgical Inc. 0.02% 1,029 $537K No change
IX Orix - Sponsored ADR filed as ORIX CORP 0.02% 4,962 $527K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.02% 4,731 $527K No change
MCK McKesson Corp. 0.02% 900 $513K No change
NWL Newell Brands Inc. 0.02% 50,000 $498K No change
UAL United Airlines Holdings Inc. 0.02% 5,047 $490K No change
GEN Gen Digital Inc. 0.02% 17,776 $487K No change
EBAY eBay Inc. 0.02% 7,580 $470K No change
COP Conocophillips 0.02% 4,610 $457K No change
NSIT Insight Enterprises Inc. 0.02% 2,950 $449K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.02% 2,040 $448K No change
VWO Vanguard Ftse Emerging Marke 0.02% 10,115 $445K No change
DFS Discover Financial Services 0.02% 2,547 $441K No change
CI The Cigna Group 0.02% 1,581 $437K Reduce -44.0%
WBS Webster Financial Corp. 0.02% 7,792 $430K No change
SWK Stanley Black & Decker Inc. 0.02% 5,283 $424K New
KKR KKR & Co. Inc. 0.02% 2,860 $423K New
CTVA Corteva Inc. 0.02% 7,400 $422K No change
EEM iShares MSCI Emerging Market 0.02% 10,018 $419K No change
SKM SK Telecom Co. Ltd.-Spon ADR 0.02% 19,900 $419K No change
BBWI Bath & Body Works Inc. 0.01% 10,370 $402K No change
DOX Amdocs Ltd. 0.01% 4,700 $400K No change
ETSY Etsy Inc. 0.01% 7,528 $398K No change
CPB The Campbell's Company 0.01% 9,500 $398K No change
COF Capital One Financial Corp. 0.01% 2,181 $389K No change
NUE Nucor Corp. 0.01% 3,320 $387K No change
HAL Halliburton Co. 0.01% 13,816 $376K No change
STT State Street Corp. 0.01% 3,798 $373K No change
CNC Centene Corp. 0.01% 6,134 $372K No change
TMO Thermo Fisher Scientific Inc. 0.01% 696 $362K Reduce -69.7%
UFPI Ufp Industries Inc. 0.01% 3,200 $360K No change
NWS News Corp. Class B 0.01% 11,500 $350K No change
ELV Elevance Health Inc. 0.01% 947 $349K Reduce -40.7%
EXPE Expedia Group Inc. 0.01% 1,837 $342K No change
WBA Walgreens Boots Alliance Inc. 0.01% 36,400 $340K No change
IBN Icici Bank Ltd.-Spon ADR 0.01% 11,300 $337K No change
PVH PVH Corp. 0.01% 3,169 $335K No change
ADI Analog Devices Inc. 0.01% 1,567 $333K No change
HLIT Harmonic Inc. 0.01% 25,100 $332K No change
NEM Newmont Corp. 0.01% 8,855 $330K New
NCLH Norwegian Cruise Line Holdin 0.01% 12,708 $327K No change
DVN Devon Energy Corp. 0.01% 9,918 $325K No change
AMT American Tower Corp. 0.01% 1,764 $324K No change
IR Ingersoll-Rand Inc. 0.01% 3,562 $322K No change
IVV iShares Core S&P 500 ETF 0.01% 544 $320K No change
MHO M/I Homes Inc. 0.01% 2,400 $319K No change
DXC DXC Technology Co. 0.01% 15,578 $311K No change
GM General Motors Co. 0.01% 5,830 $311K New
JCI Johnson Controls Internation 0.01% 3,909 $309K No change
LRN Stride Inc. 0.01% 2,950 $307K No change
CRS Carpenter Technology 0.01% 1,800 $305K No change
PGR Progressive Corp. 0.01% 1,257 $301K No change
C Citigroup Inc. 0.01% 4,238 $298K No change
EA Electronic Arts Inc. 0.01% 2,020 $296K No change
MOS The Mosaic Co. 0.01% 11,633 $286K No change
DHR Danaher Corp. 0.01% 1,205 $277K No change
MOD Modine Manufacturing Co. 0.01% 2,300 $267K No change
DRI Darden Restaurants Inc. 0.01% 1,380 $258K No change
CCS Century Communities Inc. 0.01% 3,492 $256K No change
KEY Keycorp 0.01% 14,601 $250K No change
LPLA LPL Financial Holdings Inc. 0.01% 760 $248K New
LYV Live Nation Entertainment Inc. 0.01% 1,847 $239K No change
LIN Linde PLC 0.01% 564 $236K No change
BLK BlackRock Inc. 0.01% 230 $236K No change
PAYC Paycom Software Inc. 0.01% 1,137 $233K New
SPGI S&P Global Inc. 0.01% 452 $225K No change
LOW Lowe's Cos Inc. 0.01% 903 $223K No change
OKE Oneok Inc. 0.01% 2,218 $223K No change
HCA HCA Healthcare Inc. 0.01% 738 $222K No change
FLR Fluor Corp. 0.01% 4,400 $217K No change
GSHD Goosehead Insurance Inc. Class A 0.01% 2,000 $214K New
IMMR Immersion Corporation 0.01% 24,400 $213K No change
SYF Synchrony Financial 0.01% 3,258 $212K New
PLMR Palomar Holdings Inc. 0.01% 2,000 $211K New
PRG Prog Holdings Inc. 0.01% 4,944 $209K No change
NMRK Newmark Group Inc. Class A 0.01% 16,200 $208K No change
FTI Technipfmc PLC 0.01% 7,162 $207K New
MU Micron Technology Inc. 0.01% 2,461 $207K No change
ODFL Old Dominion Freight Line 0.01% 1,162 $205K No change
KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC 0.01% 3,600 $205K No change
DOW Dow Inc. 0.01% 5,020 $201K No change
HMY Harmony Gold MNG-Spon ADR 0.01% 21,600 $177K No change
HAPN Happen Inc. filed as LENDINGCLUB CORP 0.01% 10,100 $164K No change
PARAA Paramount Global Class B 0.00% 10,428 $109K No change
CIG.C Cia Energetica DE-Spon ADR 0.00% 18,200 $42K No change
BIGGQ Big Lots Inc. 0.00% 46,600 $13K No change

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