Systematic Alpha Investments 13FHR Quarterly holdings report by institutional manager | SEC 12 Aug 24

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
Vanguard S&P 500 ETF	ETF	922908363	566,419,300	1,132,544	SH		SOLE		1,132,544	0	0
NVIDIA Corporation	COM	67066G104	111,237,900	900,420	SH		SOLE		900,420	0	0
Vanguard Value ETF	ETF	922908744	143,545,800	894,868	SH		SOLE		894,868	0	0
Apple Inc.	COM	037833100	121,347,400	576,144	SH		SOLE		576,144	0	0
Pfizer Inc.	COM	717081103	11,877,930	424,515	SH		SOLE		424,515	0	0
Merck & Co., Inc.	COM	58933Y105	50,842,430	410,682	SH		SOLE		410,682	0	0
BrightSphere Investment Group, Inc.	COM	10948W103	8,205,294	370,108	SH		SOLE		370,108	0	0
Vanguard Dividend Appreciation ETF	ETF	921908844	64,440,150	353,000	SH		SOLE		353,000	0	0
iShares 20 Year Treasury Bond ETF	ETF	464287432	31,159,310	339,500	SH		SOLE		339,500	0	0
Applied Materials, Inc.	COM	038222105	75,547,010	320,128	SH		SOLE		320,128	0	0
Cisco Systems, Inc.	COM	17275R102	14,945,130	314,568	SH		SOLE		314,568	0	0
Verizon Communications Inc.	COM	92343V104	12,739,860	308,920	SH		SOLE		308,920	0	0
Alphabet Inc. Class A	COM	02079K305	56,211,490	308,600	SH		SOLE		308,600	0	0
Invesco S&P Smallcap 600 Pure Value ETF	ETF	46137V167	30,407,900	306,488	SH		SOLE		306,488	0	0
Bristol-Myers Squibb Company	COM	110122108	12,305,010	296,292	SH		SOLE		296,292	0	0
MetLife, Inc.	COM	59156R108	19,686,260	280,471	SH		SOLE		280,471	0	0
Eli Lilly and Company	COM	532457108	252,875,300	279,303	SH		SOLE		279,303	0	0
SLM Corp	COM	78442P106	5,777,666	277,906	SH		SOLE		277,906	0	0
Pitney Bowes Inc.	COM	724479100	1,397,000	275,000	SH		SOLE		275,000	0	0
Microsoft Corporation	COM	594918104	112,364,100	251,402	SH		SOLE		251,402	0	0
Sun Life Financial Inc.	COM	866796105	12,287,080	250,808	SH		SOLE		250,808	0	0
Financial Select Sector SPDR Fund	ETF	81369Y605	10,212,140	248,410	SH		SOLE		248,410	0	0
Truist Financial Corporation	COM	89832Q109	9,088,452	233,937	SH		SOLE		233,937	0	0
Eversource Energy	COM	30040W108	12,825,080	226,152	SH		SOLE		226,152	0	0
Amazon.com, Inc.	COM	023135106	43,577,880	225,500	SH		SOLE		225,500	0	0
American Electric Power Company, Inc.	COM	025537101	19,039,580	217,000	SH		SOLE		217,000	0	0
Intel Corporation	COM	458140100	6,670,566	215,388	SH		SOLE		215,388	0	0
Travelers Companies, Inc.	COM	89417E109	43,760,400	215,208	SH		SOLE		215,208	0	0
Altria Group, Inc.	COM	02209S103	9,685,661	212,638	SH		SOLE		212,638	0	0
PepsiCo, Inc.	COM	713448108	31,901,590	193,425	SH		SOLE		193,425	0	0
Coca-Cola Company	COM	191216100	10,966,900	172,300	SH		SOLE		172,300	0	0
Alphabet Inc. Class C	COM	02079K107	29,119,760	158,760	SH		SOLE		158,760	0	0
Waste Management, Inc.	COM	94106L109	31,833,740	149,216	SH		SOLE		149,216	0	0
Unilever PLC Sponsored ADR	ADR	904767704	8,131,976	147,881	SH		SOLE		147,881	0	0
SPDR Portfolio S&P 500 High Dividend ETF	ETF	78468R788	5,937,988	147,601	SH		SOLE		147,601	0	0
RTX Corporation	COM	75513E101	13,471,330	134,190	SH		SOLE		134,190	0	0
Kimberly-Clark Corporation	COM	494368103	18,222,910	131,859	SH		SOLE		131,859	0	0
Vanguard Growth ETF	ETF	922908736	48,872,640	130,672	SH		SOLE		130,672	0	0
Edison International	COM	281020107	9,348,800	130,188	SH		SOLE		130,188	0	0
Allstate Corporation	COM	020002101	20,267,400	126,941	SH		SOLE		126,941	0	0
Franklin Resources, Inc.	COM	354613101	2,820,570	126,200	SH		SOLE		126,200	0	0
Invesco Ltd.	COM	G491BT108	1,887,847	126,193	SH		SOLE		126,193	0	0
V.F. Corporation	COM	918204108	1,576,490	116,777	SH		SOLE		116,777	0	0
Target Corporation	COM	87612E106	16,992,920	114,786	SH		SOLE		114,786	0	0
Yum! Brands, Inc.	COM	988498101	13,144,540	99,234	SH		SOLE		99,234	0	0
AbbVie, Inc.	COM	00287Y109	16,857,840	98,285	SH		SOLE		98,285	0	0
McDonald's Corporation	COM	580135101	24,464,890	96,001	SH		SOLE		96,001	0	0
Union Pacific Corporation	COM	907818108	21,120,920	93,348	SH		SOLE		93,348	0	0
Vanguard Information Technology ETF	ETF	92204A702	47,453,360	82,300	SH		SOLE		82,300	0	0
Ford Motor Company	COM	345370860	1,002,473	79,942	SH		SOLE		79,942	0	0
Microchip Technology Incorporated	COM	595017104	7,228,500	79,000	SH		SOLE		79,000	0	0
Home Depot, Inc.	COM	437076102	25,928,160	75,320	SH		SOLE		75,320	0	0
Broadcom Inc.	COM	11135F101	11,808,830	73,551	SH		SOLE		73,551	0	0
Meta Platforms Inc Class A	COM	30303M102	37,045,040	73,470	SH		SOLE		73,470	0	0
T-Mobile US, Inc.	COM	872590104	12,864,660	73,020	SH		SOLE		73,020	0	0
iShares Core U.S. Aggregate Bond ETF	ETF	464287226	6,989,040	72,000	SH		SOLE		72,000	0	0
Avery Dennison Corporation	COM	053611109	15,446,310	70,644	SH		SOLE		70,644	0	0
SPDR Portfolio S&P 500 Growth ETF	ETF	78464A409	5,609,100	70,000	SH		SOLE		70,000	0	0
Bank of America Corp	COM	060505104	2,684,793	67,508	SH		SOLE		67,508	0	0
Mastercard Incorporated Class A	COM	57636Q104	26,414,900	59,876	SH		SOLE		59,876	0	0
UnitedHealth Group Incorporated	COM	91324P102	29,192,310	57,323	SH		SOLE		57,323	0	0
Advanced Micro Devices, Inc.	COM	007903107	8,858,775	54,613	SH		SOLE		54,613	0	0
Freeport-McMoRan, Inc.	COM	35671D857	2,583,430	53,157	SH		SOLE		53,157	0	0
HP Inc.	COM	40434L105	1,856,060	53,000	SH		SOLE		53,000	0	0
Viatris, Inc.	COM	92556V106	560,531	52,731	SH		SOLE		52,731	0	0
Newell Brands Inc	COM	651229106	320,500	50,000	SH		SOLE		50,000	0	0
APA Corporation	COM	03743Q108	1,413,208	48,003	SH		SOLE		48,003	0	0
Big Lots, Inc.	COM	089302103	80,618	46,600	SH		SOLE		46,600	0	0
Walmart Inc.	COM	931142103	2,986,011	44,100	SH		SOLE		44,100	0	0
SPDR S&P 500 ETF Trust	ETF	78462F103	22,949,760	42,170	SH		SOLE		42,170	0	0
Organon & Co.	COM	68622V106	850,087	41,067	SH		SOLE		41,067	0	0
Chipotle Mexican Grill, Inc.	COM	169656105	2,449,615	39,100	SH		SOLE		39,100	0	0
JPMorgan Chase & Co.	COM	46625H100	7,443,977	36,804	SH		SOLE		36,804	0	0
Walgreens Boots Alliance, Inc.	COM	931427108	440,258	36,400	SH		SOLE		36,400	0	0
Southern Company	COM	842587107	2,327,100	30,000	SH		SOLE		30,000	0	0
Medtronic Plc	COM	G5960L103	2,337,766	29,701	SH		SOLE		29,701	0	0
Regions Financial Corporation	COM	7591EP100	593,485	29,615	SH		SOLE		29,615	0	0
MGM Resorts International	COM	552953101	1,300,759	29,270	SH		SOLE		29,270	0	0
Tesla, Inc.	COM	88160R101	5,388,074	27,229	SH		SOLE		27,229	0	0
Marathon Oil Corporation	COM	565849106	748,230	26,098	SH		SOLE		26,098	0	0
Carrier Global Corp.	COM	14448C104	1,626,770	25,789	SH		SOLE		25,789	0	0
Magnolia Oil & Gas Corp. Class A	COM	559663109	643,636	25,400	SH		SOLE		25,400	0	0
Immersion Corporation	COM	452521107	229,604	24,400	SH		SOLE		24,400	0	0
Baker Hughes Company Class A	COM	05722G100	840,985	23,912	SH		SOLE		23,912	0	0
News Corporation Class A	COM	65249B109	654,512	23,740	SH		SOLE		23,740	0	0
HSBC Holdings PLC Sponsored ADR	ADR	404280406	1,000,500	23,000	SH		SOLE		23,000	0	0
QUALCOMM Incorporated	COM	747525103	4,450,080	22,342	SH		SOLE		22,342	0	0
Leidos Holdings, Inc.	COM	525327102	3,177,412	21,781	SH		SOLE		21,781	0	0
Boston Scientific Corporation	COM	101137107	1,675,738	21,760	SH		SOLE		21,760	0	0
Harmony Gold Mining Co. Ltd. Sponsored ADR	ADR	413216300	198,072	21,600	SH		SOLE		21,600	0	0
SLB	COM	806857108	1,010,832	21,425	SH		SOLE		21,425	0	0
Lincoln National Corp	COM	534187109	644,952	20,738	SH		SOLE		20,738	0	0
Brady Corporation Class A	COM	104674106	1,333,604	20,200	SH		SOLE		20,200	0	0
Sk Telecom Co Ltd Sponsored ADR	ADR	78440P306	416,507	19,900	SH		SOLE		19,900	0	0
Copart, Inc.	COM	217204106	1,027,524	18,972	SH		SOLE		18,972	0	0
Otis Worldwide Corporation	COM	68902V107	1,791,399	18,610	SH		SOLE		18,610	0	0
Companhia Energetica de Minas Gerais SA Sponsored ADR	ADR	204409882	43,316	18,200	SH		SOLE		18,200	0	0
Gen Digital Inc.	COM	668771108	444,045	17,776	SH		SOLE		17,776	0	0
Morgan Stanley	COM	617446448	1,683,914	17,326	SH		SOLE		17,326	0	0
Netflix, Inc.	COM	64110L106	11,311,660	16,761	SH		SOLE		16,761	0	0
Western Digital Corporation	COM	958102105	1,212,320	16,000	SH		SOLE		16,000	0	0
Salesforce, Inc.	COM	79466L302	4,016,930	15,624	SH		SOLE		15,624	0	0
DXC Technology Co.	COM	23355L106	297,384	15,578	SH		SOLE		15,578	0	0
Chevron Corporation	COM	166764100	2,323,463	14,854	SH		SOLE		14,854	0	0
KeyCorp	COM	493267108	207,480	14,601	SH		SOLE		14,601	0	0
Halliburton Company	COM	406216101	466,705	13,816	SH		SOLE		13,816	0	0
Royal Caribbean Group	COM	V7780T103	2,106,708	13,214	SH		SOLE		13,214	0	0
PulteGroup, Inc.	COM	745867101	1,440,989	13,088	SH		SOLE		13,088	0	0
Norwegian Cruise Line Holdings Ltd.	COM	G66721104	238,783	12,708	SH		SOLE		12,708	0	0
Diamondback Energy, Inc.	COM	25278X109	2,404,882	12,013	SH		SOLE		12,013	0	0
Mosaic Company	COM	61945C103	336,194	11,633	SH		SOLE		11,633	0	0
News Corporation Class B	COM	65249B208	326,485	11,500	SH		SOLE		11,500	0	0
ICICI Bank Limited Sponsored ADR	ADR	45104G104	325,553	11,300	SH		SOLE		11,300	0	0
Lam Research Corporation	COM	512807108	11,595,150	10,889	SH		SOLE		10,889	0	0
Paramount Global Class B	COM	92556H206	108,347	10,428	SH		SOLE		10,428	0	0
Bath & Body Works, Inc.	COM	070830104	404,949	10,370	SH		SOLE		10,370	0	0
Fortinet, Inc.	COM	34959E109	624,397	10,360	SH		SOLE		10,360	0	0
Vanguard FTSE Emerging Markets ETF	ETF	922042858	442,632	10,115	SH		SOLE		10,115	0	0
Boeing Company	COM	097023105	1,827,016	10,038	SH		SOLE		10,038	0	0
iShares MSCI Emerging Markets ETF	ETF	464287234	426,667	10,018	SH		SOLE		10,018	0	0
Celanese Corporation	COM	150870103	1,348,900	10,000	SH		SOLE		10,000	0	0
Devon Energy Corporation	COM	25179M103	470,113	9,918	SH		SOLE		9,918	0	0
Kroger Co.	COM	501044101	484,321	9,700	SH		SOLE		9,700	0	0
Campbell Soup Company	COM	134429109	429,305	9,500	SH		SOLE		9,500	0	0
CTS Corporation	COM	126501105	473,897	9,360	SH		SOLE		9,360	0	0
Public Storage	COM	74460D109	2,597,480	9,030	SH		SOLE		9,030	0	0
Santander Bank Polska SA Unsponsored ADR	ADR	80280M104	242,325	9,000	SH		SOLE		9,000	0	0
Visa Inc. Class A	COM	92826C839	2,276,402	8,673	SH		SOLE		8,673	0	0
Lennar Corporation Class A	COM	526057104	1,294,727	8,639	SH		SOLE		8,639	0	0
Teradyne, Inc.	COM	880770102	1,260,465	8,500	SH		SOLE		8,500	0	0
CBRE Group, Inc. Class A	COM	12504L109	742,108	8,328	SH		SOLE		8,328	0	0
Adobe Inc.	COM	00724F101	4,510,985	8,120	SH		SOLE		8,120	0	0
Webster Financial Corporation	COM	947890109	339,653	7,792	SH		SOLE		7,792	0	0
eBay Inc.	COM	278642103	407,198	7,580	SH		SOLE		7,580	0	0
Etsy, Inc.	COM	29786A106	444,001	7,528	SH		SOLE		7,528	0	0
Corteva Inc	COM	22052L104	399,156	7,400	SH		SOLE		7,400	0	0
Alibaba Group Holding Limited Sponsored ADR	ADR	01609W102	511,200	7,100	SH		SOLE		7,100	0	0
Nucor Corporation	COM	670346105	1,109,722	7,020	SH		SOLE		7,020	0	0
Allison Transmission Holdings, Inc.	COM	01973R101	500,940	6,600	SH		SOLE		6,600	0	0
Marathon Petroleum Corporation	COM	56585A102	1,095,526	6,315	SH		SOLE		6,315	0	0
Marriott International, Inc. Class A	COM	571903202	1,485,193	6,143	SH		SOLE		6,143	0	0
Centene Corporation	COM	15135B101	406,684	6,134	SH		SOLE		6,134	0	0
Exxon Mobil Corporation	COM	30231G102	695,325	6,040	SH		SOLE		6,040	0	0
Toll Brothers, Inc.	COM	889478103	679,562	5,900	SH		SOLE		5,900	0	0
Tecnoglass Inc.	COM	G87264100	296,062	5,900	SH		SOLE		5,900	0	0
Arista Networks, Inc.	COM	040413106	2,041,196	5,824	SH		SOLE		5,824	0	0
PayPal Holdings, Inc.	COM	70450Y103	334,311	5,761	SH		SOLE		5,761	0	0
Raymond James Financial, Inc.	COM	754730109	704,577	5,700	SH		SOLE		5,700	0	0
FirstCash Holdings, Inc.	COM	33768G107	576,840	5,500	SH		SOLE		5,500	0	0
Align Technology, Inc.	COM	016255101	1,271,370	5,266	SH		SOLE		5,266	0	0
Academy Sports and Outdoors, Inc.	COM	00402L107	271,575	5,100	SH		SOLE		5,100	0	0
United Airlines Holdings, Inc.	COM	910047109	245,587	5,047	SH		SOLE		5,047	0	0
Dow, Inc.	COM	260557103	266,311	5,020	SH		SOLE		5,020	0	0
Hess Corporation	COM	42809H107	734,650	4,980	SH		SOLE		4,980	0	0
ORIX Corporation Sponsored ADR	ADR	686330101	552,271	4,962	SH		SOLE		4,962	0	0
SPDR S&P Dividend ETF	ETF	78464A763	610,464	4,800	SH		SOLE		4,800	0	0
Walt Disney Company	COM	254687106	469,741	4,731	SH		SOLE		4,731	0	0
Amdocs Limited	COM	G02602103	370,924	4,700	SH		SOLE		4,700	0	0
ConocoPhillips	COM	20825C104	527,292	4,610	SH		SOLE		4,610	0	0
Euronet Worldwide, Inc.	COM	298736109	476,100	4,600	SH		SOLE		4,600	0	0
Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR	ADR	874039100	764,764	4,400	SH		SOLE		4,400	0	0
GE Aerospace	COM	369604301	674,510	4,243	SH		SOLE		4,243	0	0
Citigroup Inc.	COM	172967424	268,944	4,238	SH		SOLE		4,238	0	0
Atkore Inc	COM	047649108	566,706	4,200	SH		SOLE		4,200	0	0
Johnson Controls International plc	COM	G51502105	259,831	3,909	SH		SOLE		3,909	0	0
State Street Corporation	COM	857477103	281,052	3,798	SH		SOLE		3,798	0	0
Western Alliance Bancorp	COM	957638109	227,408	3,620	SH		SOLE		3,620	0	0
KB Financial Group Inc. Sponsored ADR	ADR	48241A105	203,796	3,600	SH		SOLE		3,600	0	0
Ingersoll Rand Inc.	COM	45687V106	323,572	3,562	SH		SOLE		3,562	0	0
Hershey Company	COM	427866108	625,206	3,401	SH		SOLE		3,401	0	0
Albemarle Corporation	COM	012653101	309,198	3,237	SH		SOLE		3,237	0	0
UFP Industries, Inc.	COM	90278Q108	358,400	3,200	SH		SOLE		3,200	0	0
Goldman Sachs Group, Inc.	COM	38141G104	1,444,710	3,194	SH		SOLE		3,194	0	0
PVH Corp.	COM	693656100	335,502	3,169	SH		SOLE		3,169	0	0
Invesco QQQ Trust Series I	ETF	46090E103	1,499,614	3,130	SH		SOLE		3,130	0	0
TKO Group Holdings, Inc. Class A	COM	87256C101	334,769	3,100	SH		SOLE		3,100	0	0
Insight Enterprises, Inc.	COM	45765U103	585,162	2,950	SH		SOLE		2,950	0	0
Cigna Group	COM	125523100	932,538	2,821	SH		SOLE		2,821	0	0
Edwards Lifesciences Corporation	COM	28176E108	246,628	2,670	SH		SOLE		2,670	0	0
Discover Financial Services	COM	254709108	333,173	2,547	SH		SOLE		2,547	0	0
Cadence Design Systems, Inc.	COM	127387108	768,760	2,498	SH		SOLE		2,498	0	0
Quanta Services, Inc.	COM	74762E102	633,446	2,493	SH		SOLE		2,493	0	0
Micron Technology, Inc.	COM	595112103	323,695	2,461	SH		SOLE		2,461	0	0
Hilton Worldwide Holdings Inc.	COM	43300A203	531,972	2,438	SH		SOLE		2,438	0	0
Thermo Fisher Scientific Inc.	COM	883556102	1,269,688	2,296	SH		SOLE		2,296	0	0
Capital One Financial Corp	COM	14040H105	301,959	2,181	SH		SOLE		2,181	0	0
DexCom, Inc.	COM	252131107	246,261	2,172	SH		SOLE		2,172	0	0
Qorvo, Inc.	COM	74736K101	250,646	2,160	SH		SOLE		2,160	0	0
Synopsys, Inc.	COM	871607107	1,221,658	2,053	SH		SOLE		2,053	0	0
International Business Machines Corporation	COM	459200101	352,818	2,040	SH		SOLE		2,040	0	0
Electronic Arts Inc.	COM	285512109	281,447	2,020	SH		SOLE		2,020	0	0
KLA Corporation	COM	482480100	1,616,864	1,961	SH		SOLE		1,961	0	0
Expedia Group, Inc.	COM	30212P303	231,444	1,837	SH		SOLE		1,837	0	0
O'Reilly Automotive, Inc.	COM	67103H107	1,900,908	1,800	SH		SOLE		1,800	0	0
American Tower Corporation	COM	03027X100	342,886	1,764	SH		SOLE		1,764	0	0
Northrop Grumman Corp.	COM	666807102	741,115	1,700	SH		SOLE		1,700	0	0
United Rentals, Inc.	COM	911363109	1,082,626	1,674	SH		SOLE		1,674	0	0
Elevance Health, Inc.	COM	036752103	865,350	1,597	SH		SOLE		1,597	0	0
Analog Devices, Inc.	COM	032654105	357,683	1,567	SH		SOLE		1,567	0	0
Darden Restaurants, Inc.	COM	237194105	208,822	1,380	SH		SOLE		1,380	0	0
Berkshire Hathaway Inc. Class B	COM	084670702	547,553	1,346	SH		SOLE		1,346	0	0
Progressive Corporation	COM	743315103	261,092	1,257	SH		SOLE		1,257	0	0
ServiceNow, Inc.	COM	81762P102	980,978	1,247	SH		SOLE		1,247	0	0
Danaher Corporation	COM	235851102	301,069	1,205	SH		SOLE		1,205	0	0
Kinsale Capital Group, Inc.	COM	49714P108	462,336	1,200	SH		SOLE		1,200	0	0
Old Dominion Freight Line, Inc.	COM	679580100	205,209	1,162	SH		SOLE		1,162	0	0
Chemed Corporation	COM	16359R103	596,838	1,100	SH		SOLE		1,100	0	0
Intuitive Surgical, Inc.	COM	46120E602	457,751	1,029	SH		SOLE		1,029	0	0
Deckers Outdoor Corporation	COM	243537107	871,155	900	SH		SOLE		900	0	0
McKesson Corporation	COM	58155Q103	525,636	900	SH		SOLE		900	0	0
Samsung Electronics Co., Ltd. Sponsored GDR	ADR	796050888	1,184,162	800	SH		SOLE		800	0	0
LPL Financial Holdings Inc.	COM	50212V100	212,268	760	SH		SOLE		760	0	0
HCA Healthcare Inc	COM	40412C101	237,105	738	SH		SOLE		738	0	0
Linde plc	COM	G54950103	247,489	564	SH		SOLE		564	0	0
iShares Core S&P 500 ETF	ETF	464287200	297,693	544	SH		SOLE		544	0	0
S&P Global, Inc.	COM	78409V104	201,592	452	SH		SOLE		452	0	0

Systematic Alpha Investments 13F-HRQuarterly holdings report by institutional manager