13F HOLDINGS REPORT

Systematic Alpha Investments, LLC

Quarter ended Q4 2025 · Filed February 12, 2026 · Accession 0001806755-26-000001

Total Value

$3.21B

Positions

229

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (229)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	Vanguard S&P 500 ETF	922908363	1,132,544	$710.3M	22.16%
2	Eli Lilly and Company	LLY	279,303	$300.2M	9.36%
3	Vanguard Value ETF	922908744	894,868	$170.9M	5.33%
4	NVIDIA Corporation	NVDA	895,219	$167.0M	5.21%
5	Apple Inc.	AAPL	576,144	$156.6M	4.89%
6	Microsoft Corporation	MSFT	251,402	$121.6M	3.79%
7	Alphabet Inc. Class A	GOOG	308,599	$96.6M	3.01%
8	Applied Materials, Inc.	038222105	317,598	$81.6M	2.55%
9	Vanguard Dividend Appreciation ETF	921908844	353,000	$77.6M	2.42%
10	Vanguard Growth ETF	922908736	130,672	$63.7M	1.99%
11	Travelers Companies, Inc.	TRV	215,208	$62.4M	1.95%
12	Vanguard Information Technology ETF	92204A702	82,300	$62.0M	1.94%
13	Amazon.com, Inc.	AMZN	225,499	$52.0M	1.62%
14	Alphabet Inc. Class C	GOOG	158,759	$49.8M	1.55%
15	State Street SPDR S&P 500 ETF	SPY	72,970	$49.8M	1.55%
16	Meta Platforms Inc Class A	META	73,470	$48.5M	1.51%
17	Merck & Co., Inc.	MRK	410,682	$43.2M	1.35%
18	Invesco S&P Smallcap 600 Pure Value ETF	IVZ	306,488	$36.4M	1.14%
19	Mastercard Incorporated Class A	MA	59,876	$34.2M	1.07%
20	Waste Management, Inc.	94106L109	149,216	$32.8M	1.02%
21	McDonald's Corporation	MCD	96,001	$29.3M	0.92%
22	PepsiCo, Inc.	PEP	193,425	$27.8M	0.87%
23	Allstate Corporation	ALL-PJ	126,941	$26.4M	0.82%
24	Home Depot, Inc.	HD	75,320	$25.9M	0.81%
25	American Electric Power Company, Inc.	025537101	217,000	$25.0M	0.78%
26	RTX Corporation	RTX	134,190	$24.6M	0.77%
27	Broadcom Inc.	AVGO	70,130	$24.3M	0.76%
28	Cisco Systems, Inc.	CSCO	314,568	$24.2M	0.76%
29	AbbVie, Inc.	ABBV	98,285	$22.5M	0.70%
30	MetLife, Inc.	MET-PF	280,471	$22.1M	0.69%
31	Union Pacific Corporation	UNP	93,348	$21.6M	0.67%
32	UnitedHealth Group Incorporated	UNH	57,323	$18.9M	0.59%
33	Lam Research Corporation	LRCX	104,380	$17.9M	0.56%
34	Acadian Asset Management Inc.	AAMI	370,108	$17.4M	0.54%
35	Bristol-Myers Squibb Company	CELG-RI	296,292	$16.0M	0.50%
36	Netflix, Inc.	NFLX	167,609	$15.7M	0.49%
37	Sun Life Financial Inc.	SUNFF	250,808	$15.7M	0.49%
38	Eversource Energy	ES	226,152	$15.2M	0.48%
39	Yum! Brands, Inc.	YUM	99,234	$15.0M	0.47%
40	T-Mobile US, Inc.	TMUSZ	73,020	$14.8M	0.46%
41	State Street Financial Select Sector SPDR ETF	81369Y605	248,410	$13.6M	0.42%
42	Kimberly-Clark Corporation	KMB	131,859	$13.3M	0.42%
43	Avery Dennison Corporation	AVY	70,644	$12.8M	0.40%
44	Verizon Communications Inc.	VZ	308,920	$12.6M	0.39%
45	Altria Group, Inc.	MO	212,638	$12.3M	0.38%
46	Tesla, Inc.	TSLA	27,229	$12.2M	0.38%
47	Coca-Cola Company	KO	172,300	$12.0M	0.38%
48	JPMorgan Chase & Co.	VYLD	36,804	$11.9M	0.37%
49	Advanced Micro Devices, Inc.	AMD	54,613	$11.7M	0.36%
50	Truist Financial Corporation	89832Q109	233,937	$11.5M	0.36%
51	Target Corporation	TGT	114,786	$11.2M	0.35%
52	Pfizer Inc.	PFE	424,515	$10.6M	0.33%
53	iShares Russell 2000 ETF	464287655	40,006	$9.8M	0.31%
54	Intel Corporation	INTC	215,388	$7.9M	0.25%
55	Edison International	281020107	130,188	$7.8M	0.24%
56	SLM Corp	SLMBP	277,906	$7.5M	0.23%
57	State Street SPDR Portfolio S&P 500 Growth ETF	78464A409	70,000	$7.5M	0.23%
58	iShares Core U.S. Aggregate Bond ETF	464287226	72,000	$7.2M	0.22%
59	State Street SPDR Portfolio S&P 500 High Dividend ETF	78468R788	147,601	$6.4M	0.20%
60	Microchip Technology Incorporated	MCHPP	79,000	$5.0M	0.16%
61	Walmart Inc.	WMT	44,100	$4.9M	0.15%
62	Salesforce, Inc.	CRM	15,624	$4.1M	0.13%
63	Leidos Holdings, Inc.	LDOS	21,781	$3.9M	0.12%
64	QUALCOMM Incorporated	QCOM	22,342	$3.8M	0.12%
65	Bank of America Corp	060505104	67,508	$3.7M	0.12%
66	Royal Caribbean Group	V7780T103	13,214	$3.7M	0.11%
67	Invesco Ltd.	IVZ	126,193	$3.3M	0.10%
68	Morgan Stanley	MS-PQ	17,326	$3.1M	0.10%
69	Arista Networks, Inc.	ANET	23,296	$3.1M	0.10%
70	Visa Inc. Class A	V	8,673	$3.0M	0.09%
71	iShares MSCI China A ETF	46434V514	87,500	$3.0M	0.09%
72	Franklin Resources, Inc.	BEN	126,200	$3.0M	0.09%
73	Pitney Bowes Inc.	PBI-PB	275,000	$2.9M	0.09%
74	Medtronic Plc	MDT	29,701	$2.9M	0.09%
75	Adobe Inc.	ADBE	8,120	$2.8M	0.09%
76	Goldman Sachs Group, Inc.	GSCE	3,194	$2.8M	0.09%
77	Western Digital Corporation	WDC	16,000	$2.8M	0.09%
78	Freeport-McMoRan, Inc.	FCX	53,157	$2.7M	0.08%
79	Southern Company	SOMN	30,000	$2.6M	0.08%
80	O'Reilly Automotive, Inc.	67103H107	27,000	$2.5M	0.08%
81	Public Storage	PSA-PS	9,030	$2.3M	0.07%
82	Chevron Corporation	CVX	14,854	$2.3M	0.07%
83	Boeing Company	BA-PA	10,038	$2.2M	0.07%
84	CBRE Group, Inc. Class A	CBRE	13,223	$2.1M	0.07%
85	V.F. Corporation	VFC	116,777	$2.1M	0.07%
86	Boston Scientific Corporation	BSX	21,760	$2.1M	0.06%
87	Invesco QQQ Trust Series I	IVZ	3,130	$1.9M	0.06%
88	Marriott International, Inc. Class A	571903202	6,143	$1.9M	0.06%
89	HSBC Holdings PLC Sponsored ADR	HBCYF	23,000	$1.8M	0.06%
90	Diamondback Energy, Inc.	FANG	12,013	$1.8M	0.06%
91	Samsung Electronics Co., Ltd. Sponsored GDR	796050888	800	$1.7M	0.05%
92	Teradyne, Inc.	TER	8,500	$1.6M	0.05%
93	Brady Corporation Class A	BRC	20,200	$1.6M	0.05%
94	PulteGroup, Inc.	745867101	13,088	$1.5M	0.05%
95	Carrier Global Corp.	CARR	25,789	$1.4M	0.04%
96	United Rentals, Inc.	URI	1,674	$1.4M	0.04%
97	Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR	874039100	4,400	$1.3M	0.04%
98	GE Aerospace	369604301	4,243	$1.3M	0.04%
99	KLA Corporation	KLAC	1,061	$1.3M	0.04%
100	Otis Worldwide Corporation	OTIS	14,610	$1.3M	0.04%
101	HP Inc.	HPQ	53,000	$1.2M	0.04%
102	Kroger Co.	KR	18,830	$1.2M	0.04%
103	APA Corporation	APA	48,003	$1.2M	0.04%
104	Baker Hughes Company Class A	BKR	23,912	$1.1M	0.03%
105	MGM Resorts International	MGM	29,270	$1.1M	0.03%
106	Quanta Services, Inc.	74762E102	2,493	$1.1M	0.03%
107	Ford Motor Company	345370860	79,942	$1.0M	0.03%
108	Alibaba Group Holding Limited Sponsored ADR	BBAAY	7,100	$1.0M	0.03%
109	Marathon Petroleum Corporation	MARA	6,315	$1.0M	0.03%
110	Parker-Hannifin Corporation	PH	1,120	$984,435	0.03%
111	Northrop Grumman Corp.	NOC	1,700	$969,357	0.03%
112	Synopsys, Inc.	SNPS	2,053	$964,335	0.03%
113	ServiceNow, Inc.	NOW	6,234	$955,139	0.03%
114	Lincoln National Corp	534187109	20,738	$923,463	0.03%
115	Raymond James Financial, Inc.	754730109	5,700	$915,363	0.03%
116	Newmont Corporation	NEMCL	8,855	$884,171	0.03%
117	FirstCash Holdings, Inc.	FCFS	5,500	$876,590	0.03%
118	Fortinet, Inc.	FTNT	10,359	$822,687	0.03%
119	SLB Limited	SLB	21,425	$822,291	0.03%
120	Align Technology, Inc.	ALGN	5,266	$822,285	0.03%
121	Regions Financial Corporation	RF-PF	29,615	$802,566	0.03%
122	Chipotle Mexican Grill, Inc.	CMG	21,600	$799,200	0.02%
123	Toll Brothers, Inc.	TOL	5,900	$797,798	0.02%
124	Cadence Design Systems, Inc.	CDNS	2,498	$780,824	0.02%
125	Copart, Inc.	CPRT	18,972	$742,753	0.02%
126	McKesson Corporation	MCK	900	$738,261	0.02%
127	Exxon Mobil Corporation	XOM	6,040	$726,853	0.02%
128	ORIX Corporation Sponsored ADR	ORXCF	24,810	$724,948	0.02%
129	Micron Technology, Inc.	MU	2,461	$702,394	0.02%
130	Hilton Worldwide Holdings Inc.	HLT	2,438	$700,315	0.02%
131	Berkshire Hathaway Inc. Class B	BRK-A	1,346	$676,566	0.02%
132	Ameris Bancorp	ABCB	9,100	$675,857	0.02%
133	State Street SPDR S&P Dividend ETF	78464A763	4,800	$667,968	0.02%
134	eBay Inc.	EBAY	7,580	$660,218	0.02%
135	Viatris, Inc.	VTRS	52,730	$656,500	0.02%
136	Allison Transmission Holdings, Inc.	ALSN	6,600	$646,140	0.02%
137	News Corporation Class A	NWSLL	23,740	$620,088	0.02%
138	International Business Machines Corporation	INTR	2,040	$604,268	0.02%
139	ACI Worldwide, Inc.	ACIW	12,600	$602,406	0.02%
140	Fabrinet	FN	1,300	$591,864	0.02%
141	Intuitive Surgical, Inc.	ISRG	1,029	$582,784	0.02%
142	Carpenter Technology Corporation	CRS	1,800	$566,712	0.02%
143	United Airlines Holdings, Inc.	UNTCW	5,047	$564,355	0.02%
144	iShares MSCI Emerging Markets ETF	464287234	10,018	$548,084	0.02%
145	Vanguard FTSE Emerging Markets ETF	922042858	10,115	$543,782	0.02%
146	OPENLANE, Inc.	OPLN	18,200	$541,996	0.02%
147	Nucor Corporation	NUE	3,320	$541,525	0.02%
148	Walt Disney Company	254687106	4,731	$538,245	0.02%
149	Credo Technology Group Holding Ltd.	CRDO	3,700	$532,393	0.02%
150	Capital One Financial Corp	14040H105	2,181	$528,587	0.02%
151	Expedia Group, Inc.	EXPE	1,837	$520,440	0.02%
152	Citigroup Inc.	C-PR	4,238	$494,532	0.02%
153	Webster Financial Corporation	947890109	7,792	$490,428	0.02%
154	State Street Corporation	STT-PG	3,798	$489,980	0.02%
155	Rambus Inc.	RMBS	5,300	$487,017	0.02%
156	Gen Digital Inc.	GENVR	17,776	$483,329	0.02%
157	General Motors Company	37045V100	5,830	$474,095	0.01%
158	Johnson Controls International plc	G51502105	3,909	$468,102	0.01%
159	Douglas Dynamics, Inc.	PLOW	14,000	$457,100	0.01%
160	Tecnoglass Inc.	TGLS	8,800	$442,816	0.01%
161	Cigna Group	125523100	1,581	$435,138	0.01%
162	ConocoPhillips	COP	4,610	$431,542	0.01%
163	Harmony Gold Mining Co. Ltd. Sponsored ADR	HGMCF	21,600	$429,840	0.01%
164	Analog Devices, Inc.	ADI	1,567	$424,970	0.01%
165	Celanese Corporation	CE	10,000	$422,800	0.01%
166	Etsy, Inc.	ETSY	7,528	$417,352	0.01%
167	Electronic Arts Inc.	EA	2,020	$412,746	0.01%
168	SK Telecom Co., Ltd. Sponsored ADR	SKM	19,900	$408,547	0.01%
169	Thermo Fisher Scientific Inc.	TMO	696	$403,297	0.01%
170	Coeur Mining, Inc.	192108504	22,300	$397,609	0.01%
171	REV Group, Inc.	749527107	6,500	$395,265	0.01%
172	Halliburton Company	HAL	13,816	$390,440	0.01%
173	Amdocs Limited	DOX	4,700	$378,397	0.01%
174	Great Lakes Dredge & Dock Corporation	GLDD	28,600	$375,232	0.01%
175	Lennar Corporation Class A	LEN-B	3,639	$374,089	0.01%
176	iShares Core S&P 500 ETF	464287200	544	$372,607	0.01%
177	Devon Energy Corporation	25179M103	9,918	$363,296	0.01%
178	HCA Healthcare Inc	HCA	738	$344,542	0.01%
179	News Corporation Class B	NWSLL	11,500	$340,745	0.01%
180	ICICI Bank Limited Sponsored ADR	IBN	11,300	$336,740	0.01%
181	PayPal Holdings, Inc.	PYPL	5,761	$336,327	0.01%
182	Elevance Health, Inc.	ELV	947	$331,970	0.01%
183	TechnipFMC plc	FTI	7,162	$319,138	0.01%
184	KB Financial Group Inc. Sponsored ADR	48241A105	3,600	$309,744	0.01%
185	American Tower Corporation	03027X100	1,764	$309,705	0.01%
186	Modine Manufacturing Company	607828100	2,300	$307,073	0.01%
187	National Energy Services Reunited Corp.	NESR	19,300	$302,238	0.01%
188	KeyCorp	493267108	14,601	$301,364	0.01%
189	Organon & Co.	OGN	41,067	$294,450	0.01%
190	Progressive Corporation	743315103	1,257	$286,244	0.01%
191	Norwegian Cruise Line Holdings Ltd.	NCLH	12,708	$283,642	0.01%
192	Ingersoll Rand Inc.	IR	3,562	$282,181	0.01%
193	Mosaic Company	MOS	11,633	$280,239	0.01%
194	Santander Bank Polska SA Unsponsored ADR	80280M104	9,000	$273,069	0.01%
195	Synchrony Financial	SYF-PB	3,258	$271,814	0.01%
196	LPL Financial Holdings Inc.	50212V100	760	$271,449	0.01%
197	Palomar Holdings, Inc.	PLMR	2,000	$269,520	0.01%
198	TTM Technologies, Inc.	TTMI	3,900	$269,100	0.01%
199	Live Nation Entertainment, Inc.	LYV	1,847	$263,197	0.01%
200	Bancorp Inc	TBBK	3,800	$256,576	0.01%
201	Darden Restaurants, Inc.	DRI	1,380	$253,947	0.01%
202	BlackRock, Inc.	BLK	230	$246,178	0.01%
203	Century Aluminum Company	CENX	6,200	$242,916	0.01%
204	Linde plc	LIN	564	$240,484	0.01%
205	Insight Enterprises, Inc.	NSIT	2,950	$240,336	0.01%
206	Veracyte, Inc.	VCYT	5,700	$239,970	0.01%
207	S&P Global, Inc.	SPGI	452	$236,210	0.01%
208	Primoris Services Corporation	74164F103	1,900	$235,866	0.01%
209	DXC Technology Co.	DXC	15,578	$228,217	0.01%
210	Edwards Lifesciences Corporation	EW	2,670	$227,617	0.01%
211	Citizens Financial Group, Inc.	CIA	3,860	$225,462	0.01%
212	InterDigital, Inc.	IDCC	700	$222,866	0.01%
213	Lowe's Companies, Inc.	548661107	903	$217,767	0.01%
214	Expro Group Holdings N.V.	XPRO	16,000	$213,600	0.01%
215	Moody's Corporation	MCO	416	$212,513	0.01%
216	PVH Corp.	PVH	3,169	$212,386	0.01%
217	Graham Corporation	GHM	3,300	$211,959	0.01%
218	Carnival Corporation	CUKPF	6,934	$211,764	0.01%
219	Allient Inc.	ALNT	3,900	$209,625	0.01%
220	Bath & Body Works, Inc.	BBWI	10,370	$208,229	0.01%
221	Metropolitan Bank Holding Corp.	591774104	2,700	$206,172	0.01%
222	Westinghouse Air Brake Technologies Corporation	929740108	965	$205,979	0.01%
223	Daktronics, Inc.	DAKT	10,100	$199,677	0.01%
224	Newell Brands Inc	NWL	50,000	$186,000	0.01%
225	Super Group (SGHC) Limited	SGHC	15,100	$180,445	0.01%
226	Paramount Skydance Corporation Class B	PSKY	10,428	$139,735	0.00%
227	Companhia Energetica de Minas Gerais SA Sponsored ADR	204409882	18,200	$47,229	0.00%
228	Unilever PLC Sponsored ADR	UNLYF	131,449	$3,214	0.00%
229	Big Lots, Inc.	089302103	46,600	$13	0.00%