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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 Q4 2023 · Filed November 13, 2023 · Accession 0001806755-23-000005

Total Value
$2.01B
Positions
298
Other Managers
0
Confidential Omitted
No
View on SEC.gov

Holdings (298)

#IssuerTicker / CUSIPSharesValue% of Filing
1Vanguard S&P 500 ETF9229083631,132,544$444.8M22.14%
2Eli Lilly and CompanyLLY279,303$150.0M7.47%
3Vanguard Value ETF922908744894,868$123.4M6.15%
4Apple Inc.AAPL576,144$98.6M4.91%
5Microsoft CorporationMSFT251,402$79.4M3.95%
6Vanguard Dividend Appreciation ETF921908844353,000$54.8M2.73%
7Applied Materials, Inc.038222105320,128$44.3M2.21%
8Merck & Co., Inc.MRK410,682$42.3M2.10%
9Alphabet Inc. Class AGOOG308,600$40.4M2.01%
10NVIDIA CorporationNVDA90,042$39.2M1.95%
11Vanguard Growth ETF922908736130,672$35.6M1.77%
12Travelers Companies, Inc.TRV215,208$35.1M1.75%
13Vanguard Information Technology ETF92204A70282,300$34.1M1.70%
14PepsiCo, Inc.PEP193,425$32.8M1.63%
15UnitedHealth Group IncorporatedUNH57,323$28.9M1.44%
16Amazon.com, Inc.AMZN225,500$28.7M1.43%
17Invesco S&P Smallcap 600 Pure Value ETFIVZ306,488$27.9M1.39%
18McDonald's CorporationMCD96,001$25.3M1.26%
19Mastercard Incorporated Class AMA59,876$23.7M1.18%
20Vanguard Short-Term Inflation-Protected Securities ETF922020805495,000$23.4M1.17%
21Home Depot, Inc.HD75,320$22.8M1.13%
22Waste Management, Inc.94106L109149,216$22.7M1.13%
23Meta Platforms Inc. Class AMETA73,470$22.1M1.10%
24Alphabet Inc. Class CGOOG158,760$20.9M1.04%
25Union Pacific CorporationUNP93,348$19.0M0.95%
26MetLife, Inc.MET-PF280,471$17.6M0.88%
27Bristol-Myers Squibb CompanyCELG-RI296,292$17.2M0.86%
28Cisco Systems, Inc.CSCO314,568$16.9M0.84%
29American Electric Power Company, Inc.025537101217,000$16.3M0.81%
30Kimberly-Clark CorporationKMB131,859$15.9M0.79%
31AbbVie, Inc.ABBV98,285$14.7M0.73%
32Allstate CorporationALL-PJ126,941$14.1M0.70%
33Pfizer Inc.PFE424,515$14.1M0.70%
34Eversource EnergyES226,152$13.2M0.65%
35Avery Dennison CorporationAVY70,644$12.9M0.64%
36Target CorporationTGT114,786$12.7M0.63%
37Yum! Brands, Inc.YUM99,234$12.4M0.62%
38Sun Life Financial Inc.SUNFF250,808$12.2M0.61%
39SPDR S&P 500 ETF TrustSPY25,170$10.8M0.54%
40T-Mobile US, Inc.TMUSZ73,020$10.2M0.51%
41Verizon Communications Inc.VZ308,920$10.0M0.50%
42Ford Motor Company34537086079,942$9.9M0.49%
43RTX Corp.RTX134,190$9.7M0.48%
44Coca-Cola CompanyKO172,300$9.6M0.48%
45Altria Group, Inc.MO212,638$8.9M0.45%
46Financial Select Sector SPDR Fund81369Y605248,410$8.2M0.41%
47Edison International281020107130,188$8.2M0.41%
48Intel CorporationINTC215,388$7.7M0.38%
49Unilever PLC Sponsored ADRUNLYF147,881$7.3M0.36%
50BrightSphere Investment Group, Inc.AAMI370,108$7.2M0.36%
51Lam Research CorporationLRCX10,889$6.8M0.34%
52Tesla, Inc.TSLA27,229$6.8M0.34%
53iShares Core U.S. Aggregate Bond ETF46428722672,000$6.8M0.34%
54Truist Financial Corporation89832Q109233,937$6.7M0.33%
55Netflix, Inc.NFLX16,761$6.3M0.32%
56Microchip Technology IncorporatedMCHPP79,000$6.2M0.31%
57Broadcom Inc.AVGO7,356$6.1M0.30%
58Advanced Micro Devices, Inc.AMD54,613$5.6M0.28%
59JPMorgan Chase & Co.VYLD36,804$5.3M0.27%
60SPDR Portfolio S&P 500 High Dividend ETF78468R788147,601$5.2M0.26%
61Adobe IncorporatedADBE8,120$4.1M0.21%
62SLM CorpSLMBP277,906$3.8M0.19%
63Salesforce, Inc.CRM15,624$3.2M0.16%
64Franklin Resources, Inc.BEN126,200$3.1M0.15%
65Chevron CorporationCVX14,854$2.5M0.12%
66QUALCOMM IncorporatedQCOM22,342$2.5M0.12%
67Public StoragePSA-PS9,030$2.4M0.12%
68Walmart Inc.WMT14,700$2.4M0.12%
69Medtronic PlcMDT29,701$2.3M0.12%
70V.F. CorporationVFC116,777$2.1M0.10%
71Leidos Holdings, Inc.LDOS21,781$2.0M0.10%
72Visa Inc. Class AV8,673$2.0M0.10%
73Freeport-McMoRan, Inc.FCX53,157$2.0M0.10%
74APA CorporationAPA48,003$2.0M0.10%
75Southern CompanySOMN30,000$1.9M0.10%
76Boeing CompanyBA-PA10,038$1.9M0.10%
77Diamondback Energy, Inc.FANG12,013$1.9M0.09%
78Bank of America Corp06050510467,508$1.8M0.09%
79Invesco Ltd.IVZ126,193$1.8M0.09%
80O'Reilly Automotive, Inc.67103H1071,800$1.6M0.08%
81Align Technology, Inc.ALGN5,266$1.6M0.08%
82Otis Worldwide CorporationOTIS18,610$1.5M0.07%
83Chipotle Mexican Grill, Inc.CMG782$1.4M0.07%
84Carrier Global Corp.CARR25,789$1.4M0.07%
85Morgan StanleyMS-PQ17,326$1.4M0.07%
86HP Inc.HPQ53,000$1.4M0.07%
87Celanese CorporationCE10,000$1.3M0.06%
88Schlumberger N.V.SLB21,425$1.2M0.06%
89Royal Caribbean GroupV7780T10313,214$1.2M0.06%
90Marriott International, Inc. Class A5719032026,143$1.2M0.06%
91Thermo Fisher Scientific Inc.TMO2,296$1.2M0.06%
92Boston Scientific CorporationBSX21,760$1.1M0.06%
93Invesco QQQ Trust Series IIVZ3,130$1.1M0.06%
94Brady Corporation Class ABRC20,200$1.1M0.06%
95Nucor CorporationNUE7,020$1.1M0.05%
96MGM Resorts InternationalMGM29,270$1.1M0.05%
97Arista Networks, Inc.ANET5,824$1.1M0.05%
98Goldman Sachs Group, Inc.GSCE3,194$1.0M0.05%
99Samsung Electronics Co., Ltd. Sponsored GDR796050888800$1.0M0.05%
100Lennar Corporation Class ALEN-B8,639$969,5550.05%
101PulteGroup, Inc.74586710113,088$969,1670.05%
102Pioneer Natural Resources Company7237871074,198$963,6510.05%
103Marathon Petroleum CorporationMARA6,315$955,7120.05%
104Synopsys, Inc.SNPS2,053$942,2650.05%
105HSBC Holdings PLC Sponsored ADRHBCYF23,000$907,5800.05%
106KLA CorporationKLAC1,961$899,4320.04%
107Teradyne, Inc.TER8,500$853,9100.04%
108Baker Hughes Company Class ABKR23,912$844,5720.04%
109Pitney Bowes Inc.PBI-PB275,000$830,5000.04%
110Copart, Inc.CPRT18,972$817,5040.04%
111Walgreens Boots Alliance, Inc.93142710836,400$809,5360.04%
112Cigna Group1255231002,821$807,0040.04%
113Hess CorporationHESM4,980$761,9400.04%
114Northrop Grumman Corp.NOC1,700$748,3230.04%
115United Rentals, Inc.URI1,674$744,2100.04%
116Western Digital CorporationWDC16,000$730,0800.04%
117Organon & Co.OGN41,067$712,9230.04%
118Marathon Oil CorporationMARA26,098$698,1220.03%
119ServiceNow, Inc.NOW1,247$697,0230.03%
120Elevance Health, Inc.ELV1,597$695,3660.03%
121Hershey CompanyHSY3,401$680,4720.03%
122Atkore IncATKR4,200$626,5980.03%
123Alibaba Group Holding Limited Sponsored ADRBBAAY7,100$615,8540.03%
124CBRE Group, Inc. Class ACBRE8,328$615,1060.03%
125Fortinet, Inc.FTNT10,360$607,9250.03%
126Cadence Design Systems, Inc.CDNS2,498$585,2810.03%
127Magnolia Oil & Gas Corp. Class AMGY25,400$581,9140.03%
128Raymond James Financial, Inc.7547301095,700$572,4510.03%
129Chemed CorporationCHE1,100$571,6700.03%
130Halliburton CompanyHAL13,816$559,5480.03%
131ConocoPhillipsCOP4,610$552,2780.03%
132FirstCash Holdings, Inc.FCFS5,500$552,0900.03%
133SPDR S&P Dividend ETF78464A7634,800$552,0480.03%
134Albemarle CorporationALB-PA3,237$550,4200.03%
135Viatris, Inc.VTRS52,731$519,9280.03%
136Lincoln National Corp53418710920,738$512,0210.03%
137Regions Financial CorporationRF-PF29,615$509,3780.03%
138Kinsale Capital Group, Inc.49714P1081,200$496,9560.02%
139Etsy, Inc.ETSY7,528$486,1580.02%
140News Corporation Class ANWSLL23,740$476,2240.02%
141Devon Energy Corporation25179M1039,918$473,0890.02%
142Berkshire Hathaway Inc. Class BBRK-A1,346$471,5040.02%
143General Electric Company3696043014,243$469,0640.02%
144Quanta Services, Inc.74762E1022,493$466,3660.02%
145ORIX Corporation Sponsored ADRORXCF4,962$465,8330.02%
146Deckers Outdoor CorporationDECK900$462,6810.02%
147Newell Brands IncNWL50,000$451,5000.02%
148Toll Brothers, Inc.TOL5,900$436,3640.02%
149Kroger Co.KR9,700$434,0750.02%
150Insight Enterprises, Inc.NSIT2,950$429,2250.02%
151Sk Telecom Co Ltd Sponsored ADRSKM19,900$427,0540.02%
152Centene CorporationCNC6,134$422,5100.02%
153Mosaic CompanyMOS11,633$414,1350.02%
154Amdocs LimitedDOX4,700$397,1030.02%
155Vanguard FTSE Emerging Markets ETF92204285810,115$396,6090.02%
156McKesson CorporationMCK900$391,3650.02%
157CTS CorporationCTS9,360$390,6860.02%
158Campbell Soup CompanyCPB9,500$390,2600.02%
159Allison Transmission Holdings, Inc.ALSN6,600$389,7960.02%
160Walt Disney Company2546871064,731$383,4480.02%
161Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR8740391004,400$382,3600.02%
162Corteva IncCTVA7,400$378,5840.02%
163Hilton Worldwide Holdings IncHLT2,438$366,1390.02%
164Activision Blizzard, Inc.00507V1093,908$365,9060.02%
165Euronet Worldwide, Inc.EEFT4,600$365,1480.02%
166Bath & Body Works, Inc.BBWI10,370$350,5060.02%
167PayPal Holdings, Inc.PYPL5,761$336,7880.02%
168eBay Inc.EBAY7,580$334,2020.02%
169UFP Industries, Inc.UFPI3,200$327,6800.02%
170Dr. Reddy's Laboratories Ltd. Sponsored ADR2561352034,900$327,6630.02%
171DXC Technology Co.DXC15,578$324,4900.02%
172Gen Digital Inc.GENVR17,776$314,2800.02%
173Webster Financial Corporation9478901097,792$314,0960.02%
174Intuitive Surgical, Inc.ISRG1,029$300,7660.01%
175Danaher Corporation2358511021,205$298,9600.01%
176United Microelectronics Corp. Sponsored ADRUMC41,800$295,1080.01%
177Paycom Software, Inc.PAYC1,137$294,7900.01%
178American Tower Corporation03027X1001,764$290,0900.01%
179International Business Machines CorporationINTR2,040$286,2120.01%
180Analog Devices, Inc.ADI1,567$274,3660.01%
181ICICI Bank Limited Sponsored ADRIBN11,300$261,2560.01%
182TKO Group Holdings, Inc. Class ATKO3,100$260,5860.01%
183Dow, Inc.DOW5,020$258,8310.01%
184State Street CorporationSTT-PG3,798$254,3140.01%
185Electronic Arts Inc.EA2,020$243,2080.01%
186PVH Corp.PVH3,169$242,4600.01%
187Academy Sports and Outdoors, Inc.ASO5,100$241,0770.01%
188News Corporation Class BNWSLL11,500$240,0050.01%
189Big Lots, Inc.08930210346,600$238,1260.01%
190Old Dominion Freight Line, Inc.ODFL581$237,7100.01%
191iShares Core S&P 500 ETF464287200544$233,6100.01%
192Ingersoll Rand Inc.IR3,562$226,9710.01%
193Discover Financial Services2547091082,547$220,6470.01%
194LKQ CorporationLKQ4,336$214,6750.01%
195Masonite International Corp.5753851092,300$214,4060.01%
196United Airlines Holdings, Inc.UNTCW5,047$213,4880.01%
197Capital One Financial Corp14040H1052,181$211,6660.01%
198Linde plcLIN564$210,0050.01%
199Norwegian Cruise Line Holdings Ltd.NCLH12,708$209,4280.01%
200Johnson Controls International plcG515021053,909$207,9980.01%
201Qorvo, Inc.QRVO2,160$206,2150.01%
202Capri Holdings LimitedCPRI3,875$203,8640.01%
203DexCom, Inc.DXCM2,172$202,6480.01%
204FMC CorporationFMC3,000$200,9100.01%
205Darden Restaurants, Inc.DRI1,380$197,6440.01%
206Tecnoglass Inc.TGLS5,900$194,4640.01%
207Expedia Group, Inc.EXPE1,837$189,3400.01%
208Lowe's Companies, Inc.548661107903$187,6800.01%
209Edwards Lifesciences CorporationEW2,670$184,9780.01%
210Humana Inc.HUM380$184,8780.01%
211HCA Healthcare IncHCA738$181,5330.01%
212LPL Financial Holdings Inc.50212V100760$180,6140.01%
213Aptiv PLCAPTV1,798$177,2650.01%
214Progressive Corporation7433151031,257$175,1000.01%
215Citigroup Inc.C-PR4,238$174,3090.01%
216Micron Technology, Inc.MU2,461$167,4220.01%
217Western Alliance BancorpWAL-PA3,620$166,4110.01%
218S&P Global, Inc.SPGI452$165,1650.01%
219Weyerhaeuser CompanyWY5,350$164,0310.01%
220Starbucks CorporationSBUX1,776$162,0960.01%
221Immersion CorporationIMMR24,400$161,2840.01%
222KeyCorp49326710814,601$157,1070.01%
223Live Nation Entertainment, Inc.LYV1,847$153,3750.01%
224Coca-Cola FEMSA SAB de CV Sponsored ADR Class LCOCSF1,900$149,0360.01%
225BlackRock, Inc.BLK230$148,6930.01%
226Fomento Economico Mexicano SAB de CV Sponsored ADR Class B3444191061,350$147,3530.01%
227TechnipFMC plcFTI7,162$145,6750.01%
228ONEOK, Inc.OKE2,218$140,6880.01%
229SPDR S&P Midcap 400 ETF TrustMDY300$136,9920.01%
230Paramount Global Class B92556H20610,428$134,5220.01%
231CVS Health CorporationCVS1,904$132,9370.01%
232ChipMOS TECHNOLOGIES INC Sponsored ADRIMOS5,710$131,6160.01%
233Moody's CorporationMCO416$131,5270.01%
234FirstEnergy Corp.FE3,500$119,6300.01%
235Vanguard High Dividend Yield Index ETF9219464061,150$118,8180.01%
236Autodesk, Inc.ADSK574$118,7660.01%
237Prologis, Inc.PLDGP954$107,0480.01%
238Philip Morris International Inc.7181721091,126$104,2450.01%
239Texas Instruments Incorporated882508104651$103,5160.01%
240Citizens Financial Group, Inc.CIA3,860$103,4480.01%
241SBA Communications Corp. Class ASBAC516$103,2880.01%
242Westinghouse Air Brake Technologies Corporation929740108965$102,5510.01%
243Becton, Dickinson and CompanyBDX388$100,3100.00%
244Synchrony FinancialSYF-PB3,258$99,5970.00%
245Intercontinental Exchange, Inc.45866F104901$99,1280.00%
246Fiserv, Inc.FISV844$95,3380.00%
247Carnival CorporationCUKPF6,934$95,1340.00%
248Comerica Incorporated2003401072,180$90,5790.00%
249BB Seguridade Participacoes SA Sponsored ADR05541J10313,900$86,8750.00%
250Zimmer Biomet Holdings, Inc.ZBH761$85,3990.00%
251Global Payments Inc.37940X102686$79,1580.00%
252iShares Europe ETF4642878611,600$76,3680.00%
253Comcast Corporation Class ACCZ1,643$72,8510.00%
254Kyndryl Holdings IncorporationKD4,808$72,6010.00%
255PDD Holdings Inc. Sponsored ADR Class APDD700$68,6490.00%
256EOG Resources, Inc.EOG535$67,8170.00%
257Prudential Financial, Inc.PUKPF707$67,0870.00%
258Simon Property Group, Inc.828806109614$66,3300.00%
259Gap, Inc.GAP6,173$65,6190.00%
260Amphenol Corporation Class A032095101700$58,7930.00%
261CBIZ, Inc.CBZ1,118$58,0240.00%
262Victoria's Secret & Company9264001023,456$57,6460.00%
263Wynn Resorts, LimitedWYNN614$56,7400.00%
264CSPC Pharmaceutical Group Limited Unsponsored ADR12591J20719,100$56,0010.00%
265Companhia Energetica de Minas Gerais SA Sponsored ADR20440988214,000$55,3000.00%
266Global X Lithium & Battery Tech ETF37954Y8551,000$55,1700.00%
267DRDGOLD Limited Sponsored ADRDRDGF6,400$53,1200.00%
268Stanley Black & Decker, Inc.SWK608$50,8170.00%
269Principal Financial Group, Inc.PFG700$50,4490.00%
270Kimco Realty Corporation49446R1092,698$47,4580.00%
271Occidental Petroleum Corporation Warrant 2020-03.08.27 on Occidental Pete6745991621,080$46,7100.00%
272Vanguard FTSE Europe ETF922042874800$46,3440.00%
273Gerdau S.A. Pfd Sponsored ADR Repr 1 Pfd ShGGB9,660$46,0780.00%
274Uber Technologies, Inc.UBER1,000$45,9900.00%
275MasTec, Inc.MTZ629$45,2690.00%
276Sysco CorporationSYY680$44,9140.00%
277Block, Inc. Class ABSQKZ1,000$44,2600.00%
278Flowserve CorporationFLS1,101$43,7870.00%
279Charles Schwab CorpSCHW-PJ781$42,8770.00%
280Fortive Corp.FTV550$40,7880.00%
281Wyndham Hotels & Resorts, Inc.WH532$36,9950.00%
282Grupo Simec SAB de CV Sponsored ADR Class B4004911061,114$35,9270.00%
283Technip Energies NV Sponsored ADR87854Y1091,432$35,7360.00%
284Vale S.A. Sponsored ADRVALE2,316$31,0340.00%
285Warner Bros. Discovery, Inc. Series AWBD2,840$30,8420.00%
286Ventas, Inc.VTR705$29,7020.00%
287AUO Corporation Sponsored ADR0022554045,713$29,0270.00%
288Williams Companies, Inc.969457100841$28,3330.00%
289SPDR S&P Emerging Markets Dividend ETF78463X533750$22,3320.00%
290Travel and Leisure Co.894164102532$19,5400.00%
291Antero Midstream Corp.AM1,353$16,2090.00%
292PT Bank Central Asia Tbk Unsponsored ADR69368G1051,100$15,7030.00%
293Vitru Ltd.G9440D103880$15,4790.00%
294ETFMG Alternative Harvest ETFMG Alternative Harvest26924G5082,700$9,8550.00%
295Green Dot Corporation Class AGDOT653$9,0960.00%
296Beyond Meat, Inc.BYND700$6,7340.00%
297Oil company LUKOIL PJSC Sponsored ADR69343P105943$6,5630.00%
298SVB Financial Group78486Q1011,470$1320.00%