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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 Q3 2023 · Filed August 8, 2023 · Accession 0001806755-23-000004

Total Value
$2.06B
Positions
260
Other Managers
0
Confidential Omitted
No
View on SEC.gov

Holdings (260)

#IssuerTicker / CUSIPSharesValue% of Filing
1Vanguard S&P 500 ETF9229083631,132,544$461.3M22.35%
2Eli Lilly and CompanyLLY279,303$131.0M6.35%
3Vanguard Value ETF922908744894,868$127.2M6.16%
4Apple Inc.AAPL576,144$111.8M5.42%
5Microsoft CorporationMSFT251,402$85.6M4.15%
6Vanguard Dividend Appreciation ETF921908844353,000$57.3M2.78%
7Merck & Co., Inc.MRK410,682$47.4M2.30%
8Applied Materials, Inc.038222105320,128$46.3M2.24%
9NVIDIA CorporationNVDA90,042$38.1M1.85%
10Travelers Companies, Inc.TRV215,208$37.4M1.81%
11Vanguard Growth ETF922908736130,672$37.0M1.79%
12Alphabet Inc. Class AGOOG308,600$36.9M1.79%
13Vanguard Information Technology ETF92204A70282,300$36.4M1.76%
14PepsiCo, Inc.PEP193,425$35.8M1.74%
15Amazon.com, Inc.AMZN225,500$29.4M1.42%
16Invesco S&P Smallcap 600 Pure Value ETFIVZ306,488$28.7M1.39%
17McDonald's CorporationMCD96,001$28.6M1.39%
18UnitedHealth Group IncorporatedUNH57,323$27.6M1.34%
19Waste Management, Inc.94106L109149,216$25.9M1.25%
20Mastercard Incorporated Class AMA59,876$23.5M1.14%
21Vanguard Short-Term Inflation-Protected Securities ETF922020805495,000$23.5M1.14%
22Home Depot, Inc.HD75,320$23.4M1.13%
23Meta Platforms Inc. Class AMETA73,470$21.1M1.02%
24Alphabet Inc. Class CGOOG158,760$19.2M0.93%
25Union Pacific CorporationUNP93,348$19.1M0.93%
26Bristol-Myers Squibb CompanyCELG-RI296,292$18.9M0.92%
27American Electric Power Company, Inc.025537101217,000$18.3M0.89%
28Kimberly-Clark CorporationKMB131,859$18.2M0.88%
29Cisco Systems, Inc.CSCO314,568$16.3M0.79%
30Eversource EnergyES226,152$16.0M0.78%
31MetLife, Inc.MET-PF280,471$15.9M0.77%
32Pfizer Inc.PFE424,515$15.6M0.75%
33Target CorporationTGT114,786$15.1M0.73%
34Allstate CorporationALL-PJ126,941$13.8M0.67%
35Yum! Brands, Inc.YUM99,234$13.7M0.67%
36AbbVie, Inc.ABBV98,285$13.2M0.64%
37Raytheon Technologies CorporationRTX134,190$13.1M0.64%
38Sun Life Financial Inc.SUNFF250,808$13.1M0.63%
39Avery Dennison CorporationAVY70,644$12.1M0.59%
40Verizon Communications Inc.VZ308,920$11.5M0.56%
41SPDR S&P 500 ETF TrustSPY25,170$11.2M0.54%
42Coca-Cola CompanyKO172,300$10.4M0.50%
43T-Mobile US, Inc.TMUSZ73,020$10.1M0.49%
44Altria Group, Inc.MO212,638$9.6M0.47%
45Edison International281020107130,188$9.0M0.44%
46Financial Select Sector SPDR Fund81369Y605248,410$8.4M0.41%
47BrightSphere Investment Group, Inc.AAMI370,108$7.8M0.38%
48Unilever PLC Sponsored ADRUNLYF147,881$7.7M0.37%
49Netflix, Inc.NFLX16,761$7.4M0.36%
50Intel CorporationINTC215,388$7.2M0.35%
51Tesla, Inc.TSLA27,229$7.1M0.35%
52Truist Financial Corporation89832Q109233,937$7.1M0.34%
53Microchip Technology IncorporatedMCHPP79,000$7.1M0.34%
54iShares Core U.S. Aggregate Bond ETF46428722672,000$7.1M0.34%
55Lam Research CorporationLRCX10,889$7.0M0.34%
56Broadcom Inc.AVGO7,356$6.4M0.31%
57Advanced Micro Devices, Inc.AMD54,613$6.2M0.30%
58SPDR Portfolio S&P 500 High Dividend ETF78468R788147,601$5.5M0.27%
59JPMorgan Chase & Co.VYLD36,804$5.4M0.26%
60SLM CorpSLMBP277,906$4.5M0.22%
61Adobe IncorporatedADBE8,120$4.0M0.19%
62Franklin Resources, Inc.BEN126,200$3.4M0.16%
63Salesforce, Inc.CRM15,624$3.3M0.16%
64QUALCOMM IncorporatedQCOM22,342$2.7M0.13%
65Public StoragePSA-PS9,030$2.6M0.13%
66Medtronic PlcMDT29,701$2.6M0.13%
67Chevron CorporationCVX14,854$2.3M0.11%
68Walmart Inc.WMT14,700$2.3M0.11%
69V.F. CorporationVFC116,777$2.2M0.11%
70Freeport-McMoRan, Inc.FCX53,157$2.1M0.10%
71Invesco Ltd.IVZ126,193$2.1M0.10%
72Boeing CompanyBA-PA10,038$2.1M0.10%
73Southern CompanySOMN30,000$2.1M0.10%
74Visa Inc. Class AV8,673$2.1M0.10%
75Bank of America Corp06050510467,508$1.9M0.09%
76Leidos Holdings, Inc.LDOS21,781$1.9M0.09%
77Align Technology, Inc.ALGN5,266$1.9M0.09%
78O'Reilly Automotive, Inc.67103H1071,800$1.7M0.08%
79Chipotle Mexican Grill, Inc.CMG782$1.7M0.08%
80Otis Worldwide CorporationOTIS18,610$1.7M0.08%
81APA CorporationAPA48,003$1.6M0.08%
82HP Inc.HPQ53,000$1.6M0.08%
83Diamondback Energy, Inc.FANG12,013$1.6M0.08%
84Morgan StanleyMS-PQ17,326$1.5M0.07%
85Royal Caribbean GroupV7780T10313,214$1.4M0.07%
86MGM Resorts InternationalMGM29,270$1.3M0.06%
87Carrier Global Corp.CARR25,789$1.3M0.06%
88Ford Motor Company34537086079,942$1.2M0.06%
89Thermo Fisher Scientific Inc.TMO2,296$1.2M0.06%
90Boston Scientific CorporationBSX21,760$1.2M0.06%
91Celanese CorporationCE10,000$1.2M0.06%
92Invesco QQQ Trust Series IIVZ3,130$1.2M0.06%
93Nucor CorporationNUE7,020$1.2M0.06%
94Marriott International, Inc. Class A5719032026,143$1.1M0.05%
95Samsung Electronics Co., Ltd. Sponsored GDR796050888800$1.1M0.05%
96Lennar Corporation Class ALEN-B8,639$1.1M0.05%
97Schlumberger N.V.SLB21,425$1.1M0.05%
98Walgreens Boots Alliance, Inc.93142710836,400$1.0M0.05%
99Goldman Sachs Group, Inc.GSCE3,194$1.0M0.05%
100PulteGroup, Inc.74586710113,088$1.0M0.05%
101Pitney Bowes Inc.PBI-PB275,000$973,5000.05%
102Brady Corporation Class ABRC20,200$960,9140.05%
103KLA CorporationKLAC1,961$951,1240.05%
104Teradyne, Inc.TER8,500$946,3050.05%
105Arista Networks, Inc.ANET5,824$943,8370.05%
106HSBC Holdings PLC Sponsored ADRHBCYF23,000$911,2600.04%
107Synopsys, Inc.SNPS2,053$893,8970.04%
108Pioneer Natural Resources Company7237871074,198$869,7420.04%
109Copart, Inc.CPRT9,486$865,2180.04%
110Organon & Co.OGN41,067$854,6040.04%
111Hershey CompanyHSY3,401$849,2300.04%
112Cigna Group1255231002,821$791,5730.04%
113Fortinet, Inc.FTNT10,360$783,1120.04%
114Northrop Grumman Corp.NOC1,700$774,8600.04%
115Baker Hughes Company Class ABKR23,912$755,8580.04%
116United Rentals, Inc.URI1,674$745,5490.04%
117Marathon Petroleum CorporationMARA6,315$736,3290.04%
118Albemarle CorporationALB-PA3,237$722,1420.03%
119Elevance Health, Inc.ELV1,597$709,5310.03%
120ServiceNow, Inc.NOW1,247$700,7770.03%
121Hess CorporationHESM4,980$677,0310.03%
122CBRE Group, Inc. Class ACBRE8,328$672,1530.03%
123Atkore IncATKR4,200$654,9480.03%
124Etsy, Inc.ETSY7,528$636,9440.03%
125Western Digital CorporationWDC16,000$606,8800.03%
126Marathon Oil CorporationMARA26,098$600,7760.03%
127Chemed CorporationCHE1,100$595,8370.03%
128Alibaba Group Holding Limited Sponsored ADRBBAAY7,100$591,7850.03%
129Raymond James Financial, Inc.7547301095,700$591,4890.03%
130SPDR S&P Dividend ETF78464A7634,800$588,3840.03%
131Cadence Design Systems, Inc.CDNS2,498$585,8310.03%
132Euronet Worldwide, Inc.EEFT4,600$539,9020.03%
133Lincoln National Corp53418710920,738$534,2110.03%
134Magnolia Oil & Gas Corp. Class AMGY25,400$530,8600.03%
135Regions Financial CorporationRF-PF29,615$527,7390.03%
136Univar Solutions Inc.91336L10714,700$526,8480.03%
137Viatris, Inc.VTRS52,731$526,2550.03%
138FirstCash Holdings, Inc.FCFS5,500$513,3150.02%
139Quanta Services, Inc.74762E1022,493$489,7500.02%
140Devon Energy Corporation25179M1039,918$479,4360.02%
141ConocoPhillipsCOP4,610$477,6420.02%
142Deckers Outdoor CorporationDECK900$474,8940.02%
143Toll Brothers, Inc.TOL5,900$466,5130.02%
144General Electric Company3696043014,243$466,0940.02%
145Amdocs LimitedDOX4,700$464,5950.02%
146News Corporation Class ANWSLL23,740$462,9300.02%
147Berkshire Hathaway Inc. Class BBRK-A1,346$458,9860.02%
148Kroger Co.KR9,700$455,9000.02%
149Halliburton CompanyHAL13,816$455,7900.02%
150ORIX Corporation Sponsored ADRORXCF4,962$452,5840.02%
151Kinsale Capital Group, Inc.49714P1081,200$449,0400.02%
152Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR8740391004,400$444,0480.02%
153Newell Brands IncNWL50,000$435,0000.02%
154Campbell Soup CompanyCPB9,500$434,2450.02%
155Insight Enterprises, Inc.NSIT2,950$431,7030.02%
156Corteva IncCTVA7,400$424,0200.02%
157Walt Disney Company2546871064,731$422,3840.02%
158DXC Technology Co.DXC15,578$416,2440.02%
159Centene CorporationCNC6,134$413,7380.02%
160Big Lots, Inc.08930210346,600$411,4780.02%
161Vanguard FTSE Emerging Markets ETF92204285810,115$411,4780.02%
162Mosaic CompanyMOS11,633$407,1550.02%
163CTS CorporationCTS9,360$399,0170.02%
164Bath & Body Works, Inc.BBWI10,370$388,8750.02%
165Sk Telecom Co Ltd Sponsored ADRSKM19,900$388,2490.02%
166McKesson CorporationMCK900$384,5790.02%
167PayPal Holdings, Inc.PYPL5,761$384,4320.02%
168Allison Transmission Holdings, Inc.ALSN6,600$372,6360.02%
169Paycom Software, Inc.PAYC1,137$365,2500.02%
170Hilton Worldwide Holdings IncHLT2,438$354,8510.02%
171Intuitive Surgical, Inc.ISRG1,029$351,8560.02%
172American Tower Corporation03027X1001,764$342,1100.02%
173eBay Inc.EBAY7,580$338,7500.02%
174World Wrestling Entertainment, Inc. Class A98156Q1083,100$336,2570.02%
175United Microelectronics Corp. Sponsored ADRUMC41,800$329,8020.02%
176Gen Digital Inc.GENVR17,776$329,7450.02%
177Activision Blizzard, Inc.00507V1093,908$329,4440.02%
178FMC CorporationFMC3,000$313,0200.02%
179UFP Industries, Inc.UFPI3,200$310,5600.02%
180Dr. Reddy's Laboratories Ltd. Sponsored ADR2561352034,900$309,2390.01%
181Analog Devices, Inc.ADI1,567$305,2670.01%
182Tecnoglass Inc.TGLS5,900$304,7940.01%
183Discover Financial Services2547091082,547$297,6170.01%
184Webster Financial Corporation9478901097,792$294,1480.01%
185Danaher Corporation2358511021,205$289,2000.01%
186DexCom, Inc.DXCM2,172$279,1240.01%
187State Street CorporationSTT-PG3,798$277,9380.01%
188United Airlines Holdings, Inc.UNTCW5,047$276,9290.01%
189Norwegian Cruise Line Holdings Ltd.NCLH12,708$276,6530.01%
190Academy Sports and Outdoors, Inc.ASO5,100$275,6550.01%
191International Business Machines CorporationINTR2,040$272,9720.01%
192PVH Corp.PVH3,169$269,2700.01%
193Dow, Inc.DOW5,020$267,3650.01%
194Johnson Controls International plcG515021053,909$266,3590.01%
195Electronic Arts Inc.EA2,020$261,9940.01%
196ICICI Bank Limited Sponsored ADRIBN11,300$260,8040.01%
197LKQ CorporationLKQ4,336$252,6590.01%
198Edwards Lifesciences CorporationEW2,670$251,8610.01%
199iShares Core S&P 500 ETF464287200544$242,4660.01%
200Capital One Financial Corp14040H1052,181$238,5360.01%
201Masonite International Corp.5753851092,300$235,6120.01%
202Ingersoll Rand Inc.IR3,562$232,8120.01%
203Darden Restaurants, Inc.DRI1,380$230,5700.01%
204News Corporation Class BNWSLL11,500$226,7800.01%
205HCA Healthcare IncHCA738$223,9680.01%
206Qorvo, Inc.QRVO2,160$220,3850.01%
207Linde plcLIN564$214,9290.01%
208Old Dominion Freight Line, Inc.ODFL581$214,8250.01%
209Lowe's Companies, Inc.548661107903$203,8070.01%
210Expedia Group, Inc.EXPE1,837$200,9490.01%
211Citigroup Inc.C-PR4,238$195,1180.01%
212Weyerhaeuser CompanyWY5,350$179,2790.01%
213Starbucks CorporationSBUX1,776$175,9310.01%
214Immersion CorporationIMMR24,400$172,7520.01%
215Paramount Global Class B92556H20610,428$165,9100.01%
216LPL Financial Holdings Inc.50212V100760$165,2470.01%
217ONEOK, Inc.OKE2,218$136,8950.01%
218ChipMOS TECHNOLOGIES INC Sponsored ADRIMOS5,710$135,2700.01%
219KeyCorp49326710814,601$134,9130.01%
220Vanguard High Dividend Yield Index ETF9219464061,150$121,9810.01%
221Autodesk, Inc.ADSK574$117,4460.01%
222Texas Instruments Incorporated882508104651$117,1930.01%
223Prologis, Inc.PLDGP954$116,9890.01%
224Zimmer Biomet Holdings, Inc.ZBH761$110,8020.01%
225Philip Morris International Inc.7181721091,126$109,9200.01%
226Fiserv, Inc.FISV844$106,4710.01%
227Westinghouse Air Brake Technologies Corporation929740108965$105,8320.01%
228Intercontinental Exchange, Inc.45866F104901$101,8850.00%
229BB Seguridade Participacoes SA Sponsored ADR05541J10313,900$88,5990.00%
230MasTec, Inc.MTZ629$74,2030.00%
231Simon Property Group, Inc.828806109614$70,9050.00%
232Global Payments Inc.37940X102686$67,5850.00%
233Block, Inc. Class ABSQKZ1,000$66,5700.00%
234CSPC Pharmaceutical Group Limited Unsponsored ADR12591J20719,100$66,3920.00%
235Global X Lithium & Battery Tech ETF37954Y8551,000$65,0200.00%
236Wynn Resorts, LimitedWYNN614$64,8450.00%
237Prudential Financial, Inc.PUKPF707$62,3720.00%
238CBIZ, Inc.CBZ1,118$59,5670.00%
239Amphenol Corporation Class A032095101700$59,4650.00%
240Stanley Black & Decker, Inc.SWK608$56,9760.00%
241Companhia Energetica de Minas Gerais SA Sponsored ADR20440988214,000$55,5800.00%
242Principal Financial Group, Inc.PFG700$53,0880.00%
243Sysco CorporationSYY680$50,4560.00%
244Vanguard FTSE Europe ETF922042874800$49,3600.00%
245PDD Holdings Inc. Sponsored ADR Class APDD700$48,3980.00%
246Charles Schwab CorpSCHW-PJ781$44,2670.00%
247Uber Technologies, Inc.UBER1,000$43,1700.00%
248Fortive Corp.FTV550$41,1240.00%
249Flowserve CorporationFLS1,101$40,9020.00%
250Occidental Petroleum Corporation Warrant 2020-03.08.27 on Occidental Pete6745991621,080$40,3060.00%
251Grupo Simec SAB de CV Sponsored ADR Class B4004911061,114$38,9900.00%
252Ventas, Inc.VTR705$33,3250.00%
253Williams Companies, Inc.969457100841$27,4420.00%
254SPDR S&P Emerging Markets Dividend ETF78463X533750$21,3380.00%
255Arconic Corp.03966V107675$19,9670.00%
256PT Bank Central Asia Tbk Unsponsored ADR69368G1051,100$16,7840.00%
257Vitru Ltd.G9440D103880$14,1060.00%
258Green Dot Corporation Class AGDOT653$12,2370.00%
259Beyond Meat, Inc.BYND700$9,0860.00%
260Oil company LUKOIL PJSC Sponsored ADR69343P105943$6,5630.00%