13F
中
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Systematic Alpha Investments, LLC

13F equity value
$2.8B
Positions
234
Top 10 concentration
57.7%
Quarters / total new picks
20 / 458
13F equity value over time
$0M$2B$3B2020202120222023202420252026

"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.

Not significant Verdict

13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.

We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 20 quarters, returned +5.1% per quarter — versus +1.8% per quarter from simply owning every 13F stock. It beat that baseline in only 60.0% of quarters (excess t = -0.87, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
-1.6%
t-stat
-0.87
Quarterly win rate
60%
Annualized excess
+14.7%
$1 → follow vs universe
$2.57 vs $1.34
Cumulative return: $1 invested in new picks vs universe
1.00 20210331: universe 1.00920210630: universe 1.09020210930: universe 0.97820211231: universe 0.83220220331: universe 0.89420220630: universe 0.82820220930: universe 0.88920221231: universe 0.82620230331: universe 0.87020230630: universe 0.83920230930: universe 0.95220231231: universe 0.99520240331: universe 1.01720240630: universe 1.11020240930: universe 1.10020241231: universe 1.02720250331: universe 1.11920250630: universe 1.15520250930: universe 1.29820251231: universe 1.343 20210331: follow 1.07720210630: follow 1.17020210930: follow 1.15220211231: follow 1.12820220331: follow 1.15120220630: follow 1.16820220930: follow 1.21420221231: follow 1.28920230331: follow 1.35520230630: follow 1.54920230930: follow 1.65820231231: follow 1.80720240331: follow 1.75220240630: follow 1.82120240930: follow 1.65320241231: follow 1.69120250331: follow 1.85320250630: follow 1.87220250930: follow 2.46920251231: follow 2.570 0.76 1.77 2.78 20212022202320242025 Follow Universe

Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 234 · 2026 Q1

Ticker Value Weight QoQ
VOO $677M
23.8%
HOLD
VTV $176M
6.2%
HOLD
NVDA $156M
5.5%
HOLD
AAPL $146M
5.1%
HOLD
AMAT $109M
3.8%
HOLD
MSFT $93M
3.3%
HOLD
GOOGL $89M
3.1%
HOLD
VIG $76M
2.7%
HOLD
TRV $63M
2.2%
HOLD
VGT $57M
2.0%
ADD
VUG $57M
2.0%
ADD
MRK $49M
1.7%
HOLD
SPY $47M
1.7%
HOLD
AMZN $47M
1.7%
HOLD
GOOG $46M
1.6%
HOLD
META $42M
1.5%
HOLD
RZV $38M
1.3%
HOLD
WM $34M
1.2%
HOLD
PEP $30M
1.1%
HOLD
MA $30M
1.1%
HOLD

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q1

DOWFLRKTLRNMTZODFLOKEPAHCPARRTEXUMCZTO

Method & Limitations

Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.