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VOL. XII · NO. 117Established MMXIV · George Town, Grand CaymanAtlantic Edition · $4.50

The Cayman Journal

Finance · Business · Technology · Caribbean & Global Affairs
13F HOLDINGS REPORT

Systematic Alpha Investments, LLC

Quarter ended Q1 2023 · Filed February 7, 2023 · Accession 0001806755-23-000001

Total Value
$1.97B
Positions
215
Other Managers
0
Confidential Omitted
No
View on SEC.gov

Holdings (215)

#IssuerTicker / CUSIPSharesValue% of Filing
1Vanguard S&P 500 ETF9229083631,132,544$397.9M20.16%
2Vanguard European Stock Index Fund Insti Plus9220426271,232,597$163.2M8.27%
3Vanguard Value ETF922908744894,868$125.6M6.37%
4Eli Lilly and CompanyLLY279,303$102.2M5.18%
5Apple Inc.AAPL576,144$74.9M3.79%
6Microsoft CorporationMSFT245,702$58.9M2.99%
7Vanguard Dividend Appreciation ETF921908844353,000$53.6M2.72%
8Merck & Co., Inc.MRK410,682$45.6M2.31%
9Travelers Companies, Inc.TRV215,208$40.3M2.04%
10PepsiCo, Inc.PEP193,425$34.9M1.77%
11Applied Materials, Inc.038222105320,128$31.2M1.58%
12UnitedHealth Group IncorporatedUNH58,323$30.9M1.57%
13Vanguard Growth ETF922908736130,672$27.8M1.41%
14Alphabet Inc. Class AGOOG308,600$27.2M1.38%
15Invesco S&P Smallcap 600 Pure Value ETFIVZ306,488$27.1M1.37%
16Vanguard Information Technology ETF92204A70282,300$26.3M1.33%
17McDonald's CorporationMCD96,001$25.3M1.28%
18Waste Management, Inc.94106L109160,416$25.2M1.28%
19Home Depot, Inc.HD75,320$23.8M1.21%
20Vanguard Short-Term Inflation-Protected Securities ETF922020805495,000$23.1M1.17%
21Pfizer Inc.PFE424,515$21.8M1.10%
22Bristol-Myers Squibb CompanyCELG-RI296,292$21.3M1.08%
23Mastercard Incorporated Class AMA59,876$20.8M1.06%
24American Electric Power Company, Inc.025537101217,000$20.6M1.04%
25MetLife, Inc.MET-PF280,471$20.3M1.03%
26Union Pacific CorporationUNP93,348$19.3M0.98%
27Eversource EnergyES226,152$19.0M0.96%
28Amazon.com, Inc.AMZN225,500$18.9M0.96%
29Kimberly-Clark CorporationKMB131,859$17.9M0.91%
30Allstate CorporationALL-PJ126,941$17.2M0.87%
31Target CorporationTGT114,786$17.1M0.87%
32AbbVie, Inc.ABBV98,285$15.9M0.80%
33Cisco Systems, Inc.CSCO314,568$15.0M0.76%
34Alphabet Inc. Class CGOOG158,760$14.1M0.71%
35Raytheon Technologies CorporationRTX134,190$13.5M0.69%
36NVIDIA CorporationNVDA90,042$13.2M0.67%
37Avery Dennison CorporationAVY70,644$12.8M0.65%
38Yum! Brands, Inc.YUM99,234$12.7M0.64%
39Verizon Communications Inc.VZ308,920$12.2M0.62%
40Sun Life Financial Inc.SUNFF250,808$11.6M0.59%
41Vanguard European Stock Index Fund Institutional Shares922042502370,655$11.0M0.56%
42Coca-Cola CompanyKO172,300$11.0M0.56%
43T-Mobile US, Inc.TMUSZ73,020$10.2M0.52%
44Truist Financial Corporation89832Q109233,937$10.1M0.51%
45Altria Group IncMO212,638$9.7M0.49%
46SPDR S&P 500 ETF TrustSPY25,170$9.6M0.49%
47Financial Select Sector SPDR Fund81369Y605248,410$8.5M0.43%
48Meta Platforms Inc. Class AMETA69,970$8.4M0.43%
49Edison International281020107130,188$8.3M0.42%
50BrightSphere Investment Group, Inc.AAMI370,108$7.6M0.39%
51Unilever PLC Sponsored ADRUNLYF147,881$7.4M0.38%
52iShares Core U.S. Aggregate Bond ETF46428722672,000$7.0M0.35%
53SPDR Portfolio S&P 500 High Dividend ETF78468R788147,601$5.8M0.30%
54Intel CorporationINTC215,388$5.7M0.29%
55Netflix, Inc.NFLX19,061$5.6M0.28%
56Microchip Technology IncorporatedMCHPP79,000$5.5M0.28%
57JPMorgan Chase & Co.VYLD36,804$4.9M0.25%
58SLM CorpSLMBP277,906$4.6M0.23%
59Lam Research CorporationLRCX10,889$4.6M0.23%
60Broadcom Inc.AVGO7,356$4.1M0.21%
61Chevron CorporationCVX19,754$3.5M0.18%
62Advanced Micro Devices, Inc.AMD54,613$3.5M0.18%
63Franklin Resources, Inc.BEN126,200$3.3M0.17%
64V.F. CorporationVFC116,777$3.2M0.16%
65Tesla IncTSLA24,129$3.0M0.15%
66Adobe IncorporatedADBE8,120$2.7M0.14%
67Public StoragePSA-PS9,030$2.5M0.13%
68QUALCOMM IncorporatedQCOM22,342$2.5M0.12%
69Medtronic PlcMDT29,701$2.3M0.12%
70Leidos Holdings, Inc.LDOS21,781$2.3M0.12%
71Invesco Ltd.IVZ126,193$2.3M0.12%
72APA Corp.APA48,003$2.2M0.11%
73Bank of America Corp06050510467,508$2.2M0.11%
74Southern CompanySOMN30,000$2.1M0.11%
75Walmart Inc.WMT14,700$2.1M0.11%
76Salesforce, Inc.CRM15,624$2.1M0.10%
77Freeport-McMoRan, Inc.FCX53,157$2.0M0.10%
78Boeing CompanyBA-PA10,038$1.9M0.10%
79Visa Inc. Class AV8,673$1.8M0.09%
80Diamondback Energy, Inc.FANG12,013$1.6M0.08%
81O'Reilly Automotive, Inc.67103H1071,800$1.5M0.08%
82Morgan StanleyMS-PQ17,326$1.5M0.07%
83HP Inc.HPQ53,000$1.4M0.07%
84Walgreens Boots Alliance, Inc.93142710836,400$1.4M0.07%
85Thermo Fisher Scientific Inc.TMO2,296$1.3M0.06%
86Organon & Co.OGN41,067$1.1M0.06%
87Schlumberger NVSLB21,425$1.1M0.06%
88Otis Worldwide CorporationOTIS14,610$1.1M0.06%
89Align Technology, Inc.ALGN5,266$1.1M0.06%
90Goldman Sachs Group, Inc.GSCE3,194$1.1M0.06%
91Chipotle Mexican Grill, Inc.CMG782$1.1M0.05%
92Carrier Global Corp.CARR25,789$1.1M0.05%
93Pitney Bowes Inc.PBI-PB275,000$1.0M0.05%
94Celanese CorporationCE10,000$1.0M0.05%
95Charles Schwab CorpSCHW-PJ11,901$990,8770.05%
96MGM Resorts InternationalMGM29,270$981,4230.05%
97Pioneer Natural Resources Company7237871074,198$958,7810.05%
98Cigna Corporation1255231002,821$934,7100.05%
99Ford Motor Company34537086079,942$929,7250.05%
100Northrop Grumman Corp.NOC1,700$927,5370.05%
101Nucor CorporationNUE7,020$925,3060.05%
102Marriott International, Inc. Class A5719032026,143$914,6310.05%
103Etsy, Inc.ETSY7,528$901,7040.05%
104Samsung Electronics Co., Ltd. Sponsored GDR796050888800$874,6540.04%
105Invesco QQQ TrustIVZ3,130$833,4560.04%
106Elevance Health, Inc.ELV1,597$819,2130.04%
107Amgen Inc.AMGN3,001$788,1830.04%
108Hershey CompanyHSY3,401$787,5700.04%
109Teradyne, Inc.TER8,500$742,4750.04%
110KLA CorporationKLAC1,961$739,3560.04%
111Marathon Petroleum CorporationMARA6,315$735,0030.04%
112HSBC Holdings PLC Sponsored ADRHBCYF23,000$716,6800.04%
113Arista Networks, Inc.ANET5,824$706,7430.04%
114Marathon Oil CorporationMARA26,098$706,4730.04%
115Hess CorporationHESM4,980$706,2640.04%
116Baker Hughes Company Class ABKR23,912$706,1220.04%
117Albemarle CorporationALB-PA3,237$701,9760.04%
118Big Lots, Inc.08930210346,600$685,0200.03%
119Tecnoglass Inc.TGLS21,500$661,5550.03%
120Synopsys, Inc.SNPS2,053$655,5030.03%
121Newell Brands IncNWL50,000$654,0000.03%
122Royal Caribbean GroupV7780T10313,214$653,1680.03%
123CBRE Group, Inc. Class ACBRE8,328$640,9230.03%
124Regions Financial CorporationRF-PF29,615$638,5000.03%
125Lincoln National Corp53418710920,738$637,0710.03%
126Abbott LaboratoriesABLZF5,751$631,4020.03%
127Alibaba Group Holding Ltd. Sponsored ADRBBAAY7,100$625,4390.03%
128Devon Energy Corporation25179M1039,918$610,0560.03%
129Raymond James Financial, Inc.7547301095,700$609,0450.03%
130SPDR S&P Dividend ETF78464A7634,800$600,5280.03%
131Magnolia Oil & Gas Corp. Class AMGY25,400$595,6300.03%
132United Rentals, Inc.URI1,674$594,9730.03%
133Dollar General Corporation2566771052,400$591,0000.03%
134Viatris, Inc.VTRS52,731$586,8960.03%
135Copart, Inc.CPRT9,486$577,6030.03%
136Chemed CorporationCHE1,100$561,4730.03%
137ConocoPhillipsCOP4,610$543,9800.03%
138Halliburton CompanyHAL13,816$543,6600.03%
139Campbell Soup CompanyCPB9,500$539,1250.03%
140Automatic Data Processing, Inc.ADP2,200$525,4920.03%
141Grupo Aeroportuario del Sureste SAB de CV Sponsored ADR Class B4005011022,200$512,5780.03%
142Mosaic CompanyMOS11,633$510,3400.03%
143Fortinet, Inc.FTNT10,360$506,5000.03%
144Western Digital CorporationWDC16,000$504,8000.03%
145Centene CorporationCNC6,134$503,0490.03%
146ServiceNow, Inc.NOW1,247$484,1730.02%
147Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADRSBS44,800$477,5680.02%
148Atkore IncATKR4,200$476,3640.02%
149Univar Solutions Inc.91336L10714,700$467,4600.02%
150Bath & Body Works, Inc.BBWI10,370$436,9920.02%
151Corteva IncCTVA7,400$434,9720.02%
152Kroger Co.KR9,700$432,4260.02%
153News Corporation Class ANWSLL23,740$432,0680.02%
154Berkshire Hathaway Inc. Class BBRK-A1,346$415,7790.02%
155Paycom Software, Inc.PAYC1,337$414,8850.02%
156DXC Technology Co.DXC15,578$412,8170.02%
157Walt Disney Company2546871064,731$411,0290.02%
158PayPal Holdings, Inc.PYPL5,761$410,2980.02%
159Cadence Design Systems, Inc.CDNS2,498$401,2790.02%
160ORIX Corporation Sponsored ADRORXCF4,962$399,5400.02%
161Vanguard FTSE Emerging Markets ETF92204285810,115$394,2830.02%
162KT Corporation Sponsored ADRKT28,500$384,7500.02%
163Gen Digital Inc.GENVR17,776$380,9400.02%
164FMC CorporationFMC3,000$374,4000.02%
165ON Semiconductor CorporationON6,000$374,2200.02%
166American Tower Corporation03027X1001,764$373,7210.02%
167CTS CorporationCTS9,360$368,9710.02%
168Webster Financial Corporation9478901097,792$368,8730.02%
169General Electric Company3696043014,243$355,5210.02%
170Quanta Services, Inc.74762E1022,493$355,2530.02%
171SVB Financial Group78486Q1011,470$338,3060.02%
172Grupo Financiero Banorte SAB de CV Sponsored ADR Class O40052P1079,400$338,2400.02%
173McKesson CorporationMCK900$337,6080.02%
174Lennar Corporation Class ALEN-B3,639$329,3300.02%
175Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR8740391004,400$327,7560.02%
176Dollar Tree, Inc.DLTR2,262$319,9370.02%
177Danaher Corporation2358511021,205$319,8310.02%
178eBay Inc.EBAY7,580$314,3430.02%
179Kinsale Capital Group, Inc.49714P1081,200$313,8240.02%
180Hilton Worldwide Holdings IncHLT2,438$308,0660.02%
181Activision Blizzard, Inc.00507V1093,908$299,1570.02%
182Insight Enterprises, Inc.NSIT2,950$295,7970.01%
183State Street CorporationSTT-PG3,798$294,6110.01%
184AMN Healthcare Services, Inc.0017441012,800$287,8960.01%
185International Business Machines CorporationINTR2,040$287,4160.01%
186Intuitive Surgical, Inc.ISRG1,029$273,0450.01%
187United Microelectronics Corp. Sponsored ADRUMC41,800$272,9540.01%
188Academy Sports and Outdoors, Inc.ASO5,100$267,9540.01%
189CVB Financial Corp.12660010510,400$267,8000.01%
190Analog Devices, Inc.ADI1,567$257,0350.01%
191KeyCorp49326710814,601$254,3490.01%
192UFP Industries, Inc.UFPI3,200$253,6000.01%
193Dr. Reddy's Laboratories Ltd. Sponsored ADR2561352034,900$253,5750.01%
194Dow, Inc.DOW5,020$252,9580.01%
195Johnson Controls International plcG515021053,909$250,1760.01%
196Discover Financial Services2547091082,547$249,1730.01%
197ICICI Bank Limited Sponsored ADRIBN11,300$247,3570.01%
198Electronic Arts Inc.EA2,020$246,8040.01%
199DexCom, Inc.DXCM2,172$245,9570.01%
200PulteGroup, Inc.7458671015,288$240,7630.01%
201LKQ CorporationLKQ4,336$231,5860.01%
202PVH Corp.PVH3,169$223,7000.01%
203Capri Holdings LimitedCPRI3,875$222,1150.01%
204Sendas Distribuidora SA Sponsored ADR81689T10412,000$219,7200.01%
205Western Alliance BancorpWAL-PA3,620$215,6070.01%
206World Wrestling Entertainment, Inc. Class A98156Q1083,100$212,4120.01%
207News Corporation Class BNWSLL11,500$212,0600.01%
208iShares Core S&P 500 ETF464287200544$209,0100.01%
209Capital One Financial Corp14040H1052,181$202,7460.01%
210Paramount Global Class B92556H20610,428$176,0250.01%
211FinVolution Group Sponsored ADR Class AFVGPY34,100$169,1360.01%
212Norwegian Cruise Line Holdings Ltd.NCLH12,708$155,5460.01%
213CSPC Pharmaceutical Group Limited Unsponsored ADR12591J20729,700$124,8290.01%
214BB Seguridade Participacoes SA Sponsored ADR05541J10313,900$88,7520.00%
215Companhia Energetica de Minas Gerais SA Sponsored ADR20440988214,000$42,5600.00%