Skip to main content
Livermore
Livermore
ZHEN

Systematic Alpha Investments, LLC

SEC CIK
0001806755
Latest filing
Aug 13, 2026

The latest 13F from Systematic Alpha Investments, LLC covers Q2 2026 (filed Aug 13, 2026): 233 long positions worth $3.72B. The top 10 holdings make up 60.4% of the portfolio, and the largest is Vanguard S&P 500 ETF at 20.9%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
15
Est. +$346.0M
Added
7
Est. +$15.3M
Reduced
3
Est. −$894.5M
Sold out
16
Est. −$8.25M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard S&P 500 ETF922908363
    20.9%$777.8M
  2. LLYEli Lilly & Co
    9.0%$335.0MHistory
  3. AMATApplied Materials Inc
    6.2%$229.6MHistory
  4. Vanguard Morningstar Value ETF922908744
    5.2%$195.0M
  5. NVDANVIDIA Corp
    4.8%$179.1MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. LLYEli Lilly & Co
    +$335.0MNewHistory
  2. AMZNAmazon Com Inc
    +$4.64MAddedHistory
  3. MUMicron Technology Inc
    +$3.04MAddedHistory
  4. AMDAdvanced Micro Devices Inc
    +$2.45MAddedHistory
  5. SFMSprouts Farmers Market, Inc.
    +$2.18MNewHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. LLYEli Lilly & Co
    +9.00 pp0.0% → 9.0%History
  2. AMDAdvanced Micro Devices Inc
    +0.53 pp0.4% → 0.9%History
  3. MUMicron Technology Inc
    +0.13 pp<0.1% → 0.2%History
  4. SFMSprouts Farmers Market, Inc.
    +0.06 pp0.0% → 0.1%History
  5. SCHWSchwab Charles Corp
    +0.06 pp0.0% → 0.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard Information Technology ETF92204A702
    −$550.8MReducedConverted for a 8-for-1 split
  2. Vanguard Morningstar Growth ETF922908736
    −$337.7MReducedConverted for a 6-for-1 split
  3. iShares Russell 2000 ETF464287655
    −$6.01MReduced
  4. iShares Tr46434V514
    −$2.99MSold out
  5. XOMExxonMobil Holdings Corp
    −$1.02MSold outHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. Vanguard Morningstar Growth ETF922908736
    −0.19 pp2.0% → 1.8%
  2. iShares Russell 2000 ETF464287655
    −0.19 pp0.3% → 0.2%
  3. iShares Tr46434V514
    −0.11 pp0.1% → 0.0%
  4. XOMExxonMobil Holdings Corp
    −0.04 pp<0.1% → 0.0%History
  5. ACIWAci Worldwide, Inc.
    −0.02 pp<0.1% → 0.0%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$3.72B
+$878.7M (+30.9%) vs. prior quarter
Positions
233
−1 vs. prior quarter
Top 10 concentration
60.4%
Top 10 as share of value
Turnover
11.0%
Q2 2026, one quarter
Average holding period
19.5 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $3.72B (Q2 2026)

Q1 2021: $1.56BQ2 2021: $2.20BQ3 2021: $2.28BQ4 2021: $2.15BQ1 2022: $2.05BQ2 2022: $1.77BQ3 2022: $1.66BQ4 2022: $1.97BQ1 2023: $1.90BQ2 2023: $2.06BQ3 2023: $2.00BQ4 2023: $2.23BQ1 2024: $2.49BQ2 2024: $2.62BQ3 2024: $2.74BQ4 2024: $2.71BQ1 2025: $2.62BQ2 2025: $2.82BQ3 2025: $3.04BQ4 2025: $3.21BQ1 2026: $2.84BQ2 2026: $3.72B
Q1 2021Q2 2026
13F filings of Systematic Alpha Investments, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 13, 2026233$3.72BVanguard S&P 500 ETFLLYAMATvs. Q1 2026SEC
Q1 2026May 18, 2026234$2.84BVanguard S&P 500 ETFVanguard Morningstar Value ETFNVDAvs. Q4 2025SEC
Q4 2025Feb 12, 2026229$3.21BVanguard S&P 500 ETFLLYVanguard Morningstar Value ETFvs. Q3 2025SEC
Q3 2025Nov 12, 2025227$3.04BVanguard S&P 500 ETFLLYNVDAvs. Q2 2025SEC
Q2 2025Aug 14, 2025230$2.82BVanguard S&P 500 ETFLLYVanguard Morningstar Value ETFvs. Q1 2025SEC
Q1 2025May 16, 2025222$2.62BVanguard S&P 500 ETFLLYVanguard Morningstar Value ETFvs. Q4 2024SEC
Q4 2024Feb 13, 2025228$2.71BVanguard S&P 500 ETFLLYVanguard Morningstar Value ETFvs. Q3 2024SEC
Q3 2024Nov 13, 2024222$2.74BVanguard S&P 500 ETFLLYVanguard Morningstar Value ETFvs. Q2 2024SEC
Q2 2024Aug 12, 2024216$2.62BVanguard S&P 500 ETFLLYVanguard Morningstar Value ETFvs. Q1 2024SEC
Q1 2024May 13, 2024220$2.49BVanguard S&P 500 ETFLLYVanguard Morningstar Value ETFvs. Q4 2023SEC
Q4 2023Feb 13, 2024287$2.23BVanguard S&P 500 ETFLLYVanguard Morningstar Value ETFvs. Q3 2023SEC
Q3 2023Nov 13, 2023298$2.00BVanguard S&P 500 ETFLLYVanguard Morningstar Value ETFvs. Q2 2023SEC
Q2 2023Aug 8, 2023260$2.06BVanguard S&P 500 ETFLLYVanguard Morningstar Value ETFvs. Q1 2023SEC
Q1 2023May 15, 2023303$1.90BVanguard S&P 500 ETFVanguard Morningstar Value ETFLLYvs. Q4 2022SEC
Q4 2022Feb 7, 2023215$1.97BVanguard S&P 500 ETFVanguard European Stock Index Fund Insti PlusVanguard Morningstar Value ETFvs. Q3 2022SEC
Q3 2022Nov 9, 2022210$1.66BVanguard S&P 500 ETFVanguard Morningstar Value ETFLLYvs. Q2 2022SEC
Q2 2022Aug 18, 2022208$1.77BVanguard S&P 500 ETFVanguard Morningstar Value ETFLLYvs. Q1 2022SEC
Q1 2022May 10, 2022229$2.05BVanguard S&P 500 ETFVanguard Morningstar Value ETFAAPLvs. Q4 2021SEC
Q4 2021Feb 15, 2022229$2.15BVanguard S&P 500 ETFVanguard Morningstar Value ETFAAPLvs. Q3 2021SEC
Q3 2021Nov 10, 2021512$2.28BVanguard S&P 500 ETFVanguard European Stock Index Fund Insti PlusVanguard Morningstar Value ETFvs. Q2 2021SEC
Q2 2021Aug 12, 2021317$2.20BVanguard S&P 500 ETFVanguard European Stock Index Fund Insti PlusVanguard Morningstar Value ETFvs. Q1 2021SEC
Q1 2021Apr 16, 2021240$1.56BVanguard S&P 500 ETFVanguard Morningstar Value ETFAAPL–SEC