SEC 13F Intelligence

Managers / Q1 2023 · view latest →

Systematic Alpha Investments, LLC

CIK 0001806755 · 36 MERCER STREET, PRINCETON, NJ, 08540 · 609-751-7550

Reported Value
$1.9B
Q1 2023
Positions
303
Filings on Record
22
2019–present window
Filed
May 15, 2023
original filing

Summary

Systematic Alpha Investments, LLC reported $1.9B in U.S.-listed holdings across 303 positions for Q1 2023.

The portfolio is heavily concentrated: Vanguard S P 500 Etf alone accounts for 22.4% of reported value.

Compared with Q4 2022, the fund opened 100 new positions and exited 12.

Portfolio Metrics

Turnover
+8.1%
vs prior filed quarter
Top-10 Concentration
+53.7%
share of reported value
Largest Position
+22.4%
Vanguard S P 500 Etf
New / Exited
100 / 12
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’21: $1.6BQ1 ’21Q2 ’21: $2.2BQ3 ’21: $2.3BQ4 ’21: $2.2BQ4 ’21Q1 ’22: $2.1BQ2 ’22: $1.8BQ3 ’22: $1.7BQ3 ’22Q4 ’22: $2.0BQ1 ’23: $1.9BQ2 ’23: $2.1BQ2 ’23Q3 ’23: $2.0BQ4 ’23: $2.2BQ1 ’24: $2.5BQ1 ’24Q2 ’24: $2.6BQ3 ’24: $2.7BQ4 ’24: $2.7BQ4 ’24Q1 ’25: $2.6BQ2 ’25: $2.8BQ3 ’25: $3.0BQ3 ’25Q4 ’25: $3.2BQ1 ’26: $2.8Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 59.0%ETP: 39.6%Other: 0.8%ADR: 0.3%REIT: 0.2%Other: 0.1%
  • Common Stock · 59.0% · $1.1B
  • ETP · 39.6% · $753M
  • Other · 0.8% · $15M
  • ADR · 0.3% · $6M
  • REIT · 0.2% · $4M
  • Other · 0.1% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BSXBoston Scientific CorporationNEW+21.8K21.8K+$1M$1M
BRCBrady Corporation Class ANEW+20.2K20.2K+$1M$1M
NDQInvesco QQQ TrustNEW+3.1K3.1K+$1M$1M
ASRGrupo Aeroportuario del Sureste SAB de CV Sponsored ADR Class BNEW+2.2K2.2K+$674,234$674,234
FCFSFirstCash Holdings, Inc.NEW+5.5K5.5K+$524,535$524,535
EEFTEuronet Worldwide, Inc.NEW+4.6K4.6K+$514,740$514,740
Amdocs LimitedNEW+4.7K4.7K+$451,341$451,341
DECKDeckers Outdoor CorporationNEW+900900+$404,595$404,595

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2023

49 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1Vanguard S&P 500 ETFETF22.39%$426M1.13M
2VTVVanguard Value ETFhistory →ETF6.50%$124M894.9K
3LLYEli Lilly and Companyhistory →COM5.04%$96M279.3K
4AAPLApple Inc.history →COM4.99%$95M576.1K
5MSFTMicrosoft Corporationhistory →COM3.81%$72M251.4K
6Vanguard Dividend Appreciation ETFETF2.86%$54M353.0K
7GOOGLAlphabet Inc. Class Ahistory →COM2.55%$49M467.4K
8MRKMerck & Co., Inc.history →COM2.30%$44M410.7K
9AMATApplied Materials, Inc.history →COM2.07%$39M320.1K
10TRVTravelers Companies, Inc.history →COM1.94%$37M215.2K
11PEPPepsiCo, Inc.history →COM1.85%$35M193.4K
12VUGVanguard Growth ETFhistory →ETF1.71%$33M130.7K
13Vanguard Information Technology ETFETF1.67%$32M82.3K
14Invesco S&P Smallcap 600 Pure Value ETFETF1.46%$28M306.5K
15UNHUnitedHealth Group Incorporatedhistory →COM1.42%$27M57.3K
16MCDMcDonald's Corporationhistory →COM1.41%$27M96.0K
17NVDANVIDIA Corporationhistory →COM1.31%$25M90.0K
18WMWaste Management, Inc.history →COM1.28%$24M149.2K
19Vanguard Short-Term Inflation-Protected Securities ETFETF1.24%$24M495.0K
20AMZNAmazon.com, Inc.history →COM1.22%$23M225.5K
21HDHome Depot, Inc.history →COM1.17%$22M75.3K
22MAMastercard Incorporated Class Ahistory →COM1.14%$22M59.9K
23BMYBristol-Myers Squibb Companyhistory →COM1.08%$21M296.3K
24AEPAmerican Electric Power Company, Inc.history →COM1.04%$20M217.0K
25DYHTarget Corporationhistory →COM1.00%$19M114.8K
26UNPUnion Pacific Corporationhistory →COM0.99%$19M93.3K
27ESEversource Energyhistory →COM0.93%$18M226.2K
28KMBKimberly-Clark Corporationhistory →COM0.93%$18M131.9K
29PFEPfizer Inc.history →COM0.91%$17M424.5K
30CSCOCisco Systems, Inc.history →COM0.86%$16M314.6K
31METMetLife, Inc.history →COM0.85%$16M280.5K
32ABBVAbbVie, Inc.history →COM0.82%$16M98.3K
33METAMeta Platforms Inc. Class Ahistory →COM0.82%$16M73.5K
34ALSAllstate Corporationhistory →COM0.74%$14M126.9K
35RTXRaytheon Technologies Corporationhistory →COM0.69%$13M134.2K
36YUMYum! Brands, Inc.history →COM0.69%$13M99.2K
37AVYAvery Dennison Corporationhistory →COM0.66%$13M70.6K
38BACVerizon Communications Inc.history →COM0.63%$12M308.9K
39LIESun Life Financial Inc.history →COM0.62%$12M250.8K
40KOCoca-Cola Companyhistory →COM0.56%$11M172.3K
41TMUST-Mobile US, Inc.history →COM0.56%$11M73.0K
42SPDR S&P 500 ETF TrustETF0.54%$10M25.2K
43MOAltria Group, Inc.COM0.50%$9M212.6K
44EIXEdison InternationalCOM0.48%$9M130.2K
45AAMIBrightSphere Investment Group, Inc.COM0.46%$9M370.1K
46XLFFinancial Select Sector SPDR FundETF0.42%$8M248.4K
47TFCTruist Financial CorporationCOM0.42%$8M233.9K
48Unilever PLC Sponsored ADRADR0.40%$8M147.9K
49iShares Core U.S. Aggregate Bond ETFETF0.38%$7M72.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$2.8B234May 18, 202613F-HRchanges · EDGAR ↗
Q4 2025$3.2B229Feb 12, 202613F-HRchanges · EDGAR ↗
Q3 2025$3.0B227Nov 12, 202513F-HRchanges · EDGAR ↗
Q2 2025$2.8B230Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$2.6B222May 16, 202513F-HRchanges · EDGAR ↗
Q4 2024$2.7B228Feb 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$2.7B222Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$2.6B216Aug 12, 202413F-HRchanges · EDGAR ↗
Q1 2024$2.5B220May 13, 202413F-HRchanges · EDGAR ↗
Q4 2023$2.2B287Feb 13, 202413F-HRchanges · EDGAR ↗
Q3 2023$2.0B298Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$2.1B260Aug 8, 202313F-HRchanges · EDGAR ↗
Q1 2023$1.9B303May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$2.0B215Feb 7, 202313F-HRchanges · EDGAR ↗
Q3 2022$1.7B210Nov 9, 202213F-HRchanges · EDGAR ↗
Q2 2022$1.8B208Aug 18, 202213F-HRchanges · EDGAR ↗
Q1 2022$2.1B229May 10, 202213F-HRchanges · EDGAR ↗
Q4 2021$2.2B229Feb 15, 202213F-HRchanges · EDGAR ↗
Q3 2021$2.3B512Nov 10, 202113F-HRchanges · EDGAR ↗
Q2 2021$2.2B317Aug 12, 202113F-HRchanges · EDGAR ↗
Q1 2021$1.6B240Apr 16, 202113F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.