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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 Q2 2025 · Filed August 14, 2025 · Accession 0001806755-25-000005

Total Value
$2.62B
Positions
223
Other Managers
0
Confidential Omitted
No
View on SEC.gov

Holdings (230)

#IssuerTicker / CUSIPSharesValue% of Filing
1Vanguard S&P 500 ETF9229083631,132,544$643.3M22.85%
2Eli Lilly and CompanyLLY279,303$217.7M7.73%
3Vanguard Value ETF922908744894,868$158.2M5.62%
4NVIDIA CorporationNVDA895,220$141.4M5.02%
5Microsoft CorporationMSFT251,402$125.0M4.44%
6Apple Inc.AAPL576,144$118.2M4.20%
7Vanguard Dividend Appreciation ETF921908844353,000$72.2M2.57%
8Applied Materials, Inc.038222105317,598$58.1M2.07%
9Travelers Companies, Inc.TRV215,208$57.6M2.05%
10Vanguard Growth ETF922908736130,672$57.3M2.03%
11Vanguard Information Technology ETF92204A70282,300$54.6M1.94%
12Alphabet Inc. Class AGOOG308,600$54.4M1.93%
13Meta Platforms Inc Class AMETA73,470$54.2M1.93%
14Amazon.com, Inc.AMZN225,500$49.5M1.76%
15SPDR S&P 500 ETF TrustSPY75,170$46.4M1.65%
16Waste Management, Inc.94106L109149,216$34.1M1.21%
17Mastercard Incorporated Class AMA59,876$33.6M1.20%
18Merck & Co., Inc.MRK410,682$32.5M1.15%
19Invesco S&P Smallcap 600 Pure Value ETFIVZ306,488$32.1M1.14%
20Alphabet Inc. Class CGOOG158,760$28.2M1.00%
21McDonald's CorporationMCD96,001$28.0M1.00%
22Home Depot, Inc.HD75,320$27.6M0.98%
23Allstate CorporationALL-PJ126,941$25.6M0.91%
24PepsiCo, Inc.PEP193,425$25.5M0.91%
25MetLife, Inc.MET-PF280,471$22.6M0.80%
26American Electric Power Company, Inc.025537101217,000$22.5M0.80%
27Netflix, Inc.NFLX16,761$22.4M0.80%
28Cisco Systems, Inc.CSCO314,568$21.8M0.78%
29Union Pacific CorporationUNP93,348$21.5M0.76%
30RTX CorporationRTX134,190$19.6M0.70%
31Broadcom Inc.AVGO70,131$19.3M0.69%
32T-Mobile US, Inc.TMUSZ76,760$18.3M0.65%
33AbbVie, Inc.ABBV98,285$18.2M0.65%
34UnitedHealth Group IncorporatedUNH57,323$17.9M0.64%
35Kimberly-Clark CorporationKMB131,859$17.0M0.60%
36Sun Life Financial Inc.SUNFF250,808$16.7M0.59%
37Yum! Brands, Inc.YUM99,234$14.7M0.52%
38Eversource EnergyES226,152$14.4M0.51%
39Bristol-Myers Squibb CompanyCELG-RI296,292$13.7M0.49%
40Verizon Communications Inc.VZ308,920$13.4M0.47%
41Acadian Asset Management Inc.AAMI370,108$13.0M0.46%
42Financial Select Sector SPDR Fund81369Y605248,410$13.0M0.46%
43Altria Group, Inc.MO212,638$12.5M0.44%
44Avery Dennison CorporationAVY70,644$12.4M0.44%
45Coca-Cola CompanyKO172,300$12.2M0.43%
46Target CorporationTGT114,786$11.3M0.40%
47JPMorgan Chase & Co.VYLD36,804$10.7M0.38%
48Pfizer Inc.PFE424,515$10.3M0.37%
49Lam Research CorporationLRCX104,381$10.2M0.36%
50Truist Financial Corporation89832Q109233,937$10.1M0.36%
51SLM CorpSLMBP277,906$9.1M0.32%
52Unilever PLC Sponsored ADRUNLYF147,881$9.0M0.32%
53Tesla, Inc.TSLA27,229$8.6M0.31%
54iShares Russell 2000 ETF46428765540,006$8.6M0.31%
55Advanced Micro Devices, Inc.AMD54,613$7.7M0.28%
56iShares Core U.S. Aggregate Bond ETF46428722672,000$7.1M0.25%
57Edison International281020107130,188$6.7M0.24%
58SPDR Portfolio S&P 500 Growth ETF78464A40970,000$6.7M0.24%
59SPDR Portfolio S&P 500 High Dividend ETF78468R788147,601$6.3M0.22%
60Microchip Technology IncorporatedMCHPP79,000$5.6M0.20%
61Intel CorporationINTC215,388$4.8M0.17%
62Walmart Inc.WMT44,100$4.3M0.15%
63Salesforce, Inc.CRM15,624$4.3M0.15%
64Royal Caribbean GroupV7780T10313,214$4.1M0.15%
65QUALCOMM IncorporatedQCOM22,342$3.6M0.13%
66Leidos Holdings, Inc.LDOS21,781$3.4M0.12%
67Bank of America Corp06050510467,508$3.2M0.11%
68Adobe Inc.ADBE8,120$3.1M0.11%
69Visa Inc. Class AV8,673$3.1M0.11%
70Franklin Resources, Inc.BEN126,200$3.0M0.11%
71Pitney Bowes Inc.PBI-PB275,000$3.0M0.11%
72Southern CompanySOMN30,000$2.8M0.10%
73Public StoragePSA-PS9,030$2.6M0.09%
74Medtronic PlcMDT29,701$2.6M0.09%
75Morgan StanleyMS-PQ17,326$2.4M0.09%
76O'Reilly Automotive, Inc.67103H10727,000$2.4M0.09%
77Arista Networks, Inc.ANET23,296$2.4M0.08%
78Boston Scientific CorporationBSX21,760$2.3M0.08%
79Freeport-McMoRan, Inc.FCX53,157$2.3M0.08%
80Goldman Sachs Group, Inc.GSCE3,194$2.3M0.08%
81Chevron CorporationCVX14,854$2.1M0.08%
82Boeing CompanyBA-PA10,038$2.1M0.07%
83Invesco Ltd.IVZ126,193$2.0M0.07%
84Carrier Global Corp.CARR25,789$1.9M0.07%
85CBRE Group, Inc. Class ACBRE13,223$1.9M0.07%
86Invesco QQQ Trust Series IIVZ3,130$1.7M0.06%
87Marriott International, Inc. Class A5719032026,143$1.7M0.06%
88Diamondback Energy, Inc.FANG12,013$1.7M0.06%
89Otis Worldwide CorporationOTIS14,610$1.4M0.05%
90HSBC Holdings PLC Sponsored ADRHBCYF23,000$1.4M0.05%
91PulteGroup, Inc.74586710113,088$1.4M0.05%
92Brady Corporation Class ABRC20,200$1.4M0.05%
93V.F. CorporationVFC116,777$1.4M0.05%
94Kroger Co.KR18,830$1.4M0.05%
95HP Inc.HPQ53,000$1.3M0.05%
96ServiceNow, Inc.NOW1,247$1.3M0.05%
97United Rentals, Inc.URI1,674$1.3M0.04%
98Chipotle Mexican Grill, Inc.CMG21,600$1.2M0.04%
99Lennar Corporation Class ALEN-B10,729$1.2M0.04%
100Fortinet, Inc.FTNT10,360$1.1M0.04%
101GE Aerospace3696043014,243$1.1M0.04%
102Synopsys, Inc.SNPS2,053$1.1M0.04%
103Marathon Petroleum CorporationMARA6,315$1.0M0.04%
104Western Digital CorporationWDC16,000$1.0M0.04%
105MGM Resorts InternationalMGM29,270$1.0M0.04%
106Align Technology, Inc.ALGN5,266$997,0120.04%
107Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR8740391004,400$996,5560.04%
108KLA CorporationKLAC1,061$950,3800.03%
109Quanta Services, Inc.74762E1022,493$942,5530.03%
110Copart, Inc.CPRT18,972$930,9560.03%
111Sprouts Farmers Market, Inc.85208M1025,575$917,8680.03%
112Baker Hughes Company Class ABKR23,912$916,7860.03%
113Samsung Electronics Co., Ltd. Sponsored GDR796050888800$886,1890.03%
114APA CorporationAPA48,003$877,9750.03%
115Raymond James Financial, Inc.7547301095,700$874,2090.03%
116Ford Motor Company34537086079,942$867,3710.03%
117Northrop Grumman Corp.NOC1,700$849,9660.03%
118Alibaba Group Holding Limited Sponsored ADRBBAAY7,100$805,2110.03%
119Parker-Hannifin CorporationPH1,120$782,2860.03%
120Cadence Design Systems, Inc.CDNS2,498$769,7590.03%
121Teradyne, Inc.TER8,500$764,3200.03%
122FirstCash Holdings, Inc.FCFS5,500$743,2700.03%
123Schlumberger LimitedSLB21,425$724,1650.03%
124Lincoln National Corp53418710920,738$717,5350.03%
125News Corporation Class ANWSLL23,740$705,5530.03%
126Regions Financial CorporationRF-PF29,615$696,5450.02%
127Hess CorporationHESM4,980$689,9290.02%
128PayPal Holdings, Inc.PYPL9,171$681,5890.02%
129Tecnoglass Inc.TGLS8,800$680,7680.02%
130Toll Brothers, Inc.TOL5,900$673,3670.02%
131McKesson CorporationMCK900$659,5020.02%
132Berkshire Hathaway Inc. Class BBRK-A1,346$653,8460.02%
133SPDR S&P Dividend ETF78464A7634,800$651,5040.02%
134Exxon Mobil CorporationXOM6,040$651,1120.02%
135Hilton Worldwide Holdings Inc.HLT2,438$649,3370.02%
136Allison Transmission Holdings, Inc.ALSN6,600$626,9340.02%
137International Business Machines CorporationINTR2,040$601,3510.02%
138Ameris BancorpABCB9,100$588,7700.02%
139Walt Disney Company2546871064,731$586,6910.02%
140ACI Worldwide, Inc.ACIW12,600$578,4660.02%
141Magnolia Oil & Gas Corp. Class AMGY25,400$570,9920.02%
142eBay Inc.EBAY7,580$564,4070.02%
143Intuitive Surgical, Inc.ISRG1,029$559,1690.02%
144ORIX Corporation Sponsored ADRORXCF24,810$558,7210.02%
145Celanese CorporationCE10,000$553,3000.02%
146Corteva IncCTVA7,400$551,5220.02%
147Chemed CorporationCHE1,100$535,6230.02%
148Cigna Group1255231001,581$522,6470.02%
149Gen Digital Inc.GENVR17,776$522,6140.02%
150Newmont CorporationNEMCL8,855$515,8920.02%
151Vanguard FTSE Emerging Markets ETF92204285810,115$500,2880.02%
152Carpenter Technology CorporationCRS1,800$497,4840.02%
153iShares MSCI Emerging Markets ETF46428723410,018$483,2680.02%
154Viatris, Inc.VTRS52,731$470,8880.02%
155SK Telecom Co., Ltd. Sponsored ADRSKM19,900$464,6650.02%
156Capital One Financial Corp14040H1052,181$464,0300.02%
157Nucor CorporationNUE3,320$430,0730.02%
158Amdocs LimitedDOX4,700$428,8280.02%
159Stride, Inc.LRN2,950$428,3110.02%
160Webster Financial Corporation9478901097,792$425,4430.02%
161Mosaic CompanyMOS11,633$424,3720.02%
162Walgreens Boots Alliance, Inc.93142710836,400$417,8720.01%
163ConocoPhillipsCOP4,610$413,7010.01%
164Johnson Controls International plcG515021053,909$412,8690.01%
165Insight Enterprises, Inc.NSIT2,950$407,3510.01%
166State Street CorporationSTT-PG3,798$403,8790.01%
167United Airlines Holdings, Inc.UNTCW5,047$401,8930.01%
168Organon & Co.OGN41,067$397,5290.01%
169News Corporation Class BNWSLL11,500$394,5650.01%
170American Tower Corporation03027X1001,764$389,8790.01%
171KKR & Co IncKKRT2,860$380,4660.01%
172ICICI Bank Limited Sponsored ADRIBN11,300$380,1320.01%
173Etsy, Inc.ETSY7,528$377,6050.01%
174Analog Devices, Inc.ADI1,567$372,9770.01%
175Elevance Health, Inc.ELV947$368,3450.01%
176Citigroup Inc.C-PR4,238$360,7390.01%
177Stanley Black & Decker, Inc.SWK5,283$357,9230.01%
178iShares Core S&P 500 ETF464287200544$337,7700.01%
179Progressive Corporation7433151031,257$335,4430.01%
180Centene CorporationCNC6,134$332,9540.01%
181Electronic Arts Inc.EA2,020$322,5940.01%
182UFP Industries, Inc.UFPI3,200$317,9520.01%
183Devon Energy Corporation25179M1039,918$315,4920.01%
184Bath & Body Works, Inc.BBWI10,370$310,6850.01%
185Expedia Group, Inc.EXPE1,837$309,8650.01%
186Palomar Holdings, Inc.PLMR2,000$308,5000.01%
187Micron Technology, Inc.MU2,461$303,3180.01%
188Harmony Gold Mining Co. Ltd. Sponsored ADRHGMCF21,600$301,7520.01%
189Darden Restaurants, Inc.DRI1,380$300,7990.01%
190KB Financial Group Inc. Sponsored ADR48241A1053,600$297,3240.01%
191Ingersoll Rand Inc.IR3,562$296,2870.01%
192Campbell's CompanyCPB9,500$291,1750.01%
193General Motors Company37045V1005,830$286,8940.01%
194LPL Financial Holdings Inc.50212V100760$284,9770.01%
195HCA Healthcare IncHCA738$282,7280.01%
196Thermo Fisher Scientific Inc.TMO696$282,2000.01%
197Halliburton CompanyHAL13,816$281,5700.01%
198Live Nation Entertainment, Inc.LYV1,847$279,4140.01%
199Newell Brands IncNWL50,000$270,0000.01%
200M/I Homes, Inc.MHO2,400$269,0880.01%
201Linde plcLIN564$264,6180.01%
202Paycom Software, Inc.PAYC1,137$263,1020.01%
203Norwegian Cruise Line Holdings Ltd.NCLH12,708$257,7180.01%
204KeyCorp49326710814,601$254,3490.01%
205TechnipFMC plcFTI7,162$246,6590.01%
206Santander Bank Polska SA Unsponsored ADR80280M1049,000$245,8620.01%
207BlackRock, Inc.BLK230$241,3280.01%
208S&P Global, Inc.SPGI452$238,3350.01%
209DXC Technology Co.DXC15,578$238,1880.01%
210Danaher Corporation2358511021,205$238,0360.01%
211Harmonic Inc.HLIT25,100$237,6970.01%
212Life Time Group Holdings, Inc.LTH7,500$227,4750.01%
213Modine Manufacturing Company6078281002,300$226,5500.01%
214Fluor CorporationFLR4,400$225,5880.01%
215Synchrony FinancialSYF-PB3,258$217,4390.01%
216PVH Corp.PVH3,169$217,3930.01%
217Bancorp IncTBBK3,800$216,4860.01%
218Goosehead Insurance, Inc. Class AGSHD2,000$211,0200.01%
219Edwards Lifesciences CorporationEW2,670$208,8210.01%
220Moody's CorporationMCO416$208,6610.01%
221Philip Morris International Inc.7181721091,126$205,0780.01%
222Westinghouse Air Brake Technologies Corporation929740108965$202,0230.01%
223Kyndryl Holdings IncorporationKD4,808$201,7440.01%
224Lowe's Companies, Inc.548661107903$200,3490.01%
225Newmark Group, Inc. Class ANMRK16,200$196,8300.01%
226Immersion CorporationIMMR24,400$192,2720.01%
227Paramount Global Class B92556H20610,428$134,5210.00%
228LendingClub CorpLC10,100$121,5030.00%
229Companhia Energetica de Minas Gerais SA Sponsored ADR20440988218,200$50,2320.00%
230Big Lots, Inc.08930210346,600$960.00%