Systematic Financial Management LP
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Systematic Financial Management LP reported 250 stock positions worth $3.6 billion. Its top holding was First Citizens Bcshs Class A (FCNCA) at 3.0% of the portfolio, followed by Magnolia Oil & Gas Class A (MGY, 2.1%) and Emcor (EME, 1.8%). Compared with Q4 2023, it opened 12 new positions, sold out of 5, added to 102 and reduced 104. The biggest buy was a new position in Healthpeak Properties (DOC) and the biggest sale an exit from PGT Innovations (PGTI).
- Most Recent 13F
- Q2 2026
- Location
- TEANECK, NJ
- CIK
- 0001085936
- Portfolio Value
- $3.6B (Q1 2024)
- SEC Filing
- 0001085936-24-000024 ↗ filed May 15, 2024
Holdings Value
Holdings 250 stocks · $3.6B
| FCNCA First Citizens Bcshs Class A | 3.01% | 65,925 | $107.8M | Reduce -3.5% |
| MGY Magnolia Oil & Gas Corp. Class A | 2.08% | 2,867,689 | $74.4M | Reduce -2.1% |
| EME Emcor Group Inc. | 1.81% | 184,693 | $64.7M | Reduce -20.6% |
| FIX Comfort Systems USA Inc. | 1.57% | 177,435 | $56.4M | Reduce -25.8% |
| MLI Mueller Industries Inc. | 1.53% | 1,014,006 | $54.7M | Reduce -3.2% |
| KBR KBR Inc. | 1.37% | 770,105 | $49.0M | Reduce -1.4% |
| NWE Northwestern Energy Group Inc. | 1.36% | 958,679 | $48.8M | Add +7.8% |
| CW Curtiss-Wright Corp. | 1.30% | 181,384 | $46.4M | Reduce -4.9% |
| ICFI Icf International Inc. | 1.24% | 294,991 | $44.4M | Reduce -8.1% |
| WBS Webster Financial Corp. | 1.23% | 870,871 | $44.2M | Add +1.5% |
| PIPR Piper Sandler Cos | 1.20% | 216,605 | $43.0M | Reduce -3.3% |
| EG Everest Group Ltd. | 1.12% | 101,292 | $40.3M | Reduce -2.0% |
| REX Rex American Resources Corp. | 1.12% | 683,647 | $40.1M | Reduce -3.1% |
| ONTO Onto Innovation Inc. | 1.07% | 212,391 | $38.5M | Reduce -16.2% |
| EHC Encompass Health Corp. | 1.04% | 452,144 | $37.3M | Reduce -1.3% |
| NX Quanex Building Products | 1.03% | 958,597 | $36.8M | Reduce -3.1% |
| PRGO Perrigo Co. PLC | 1.02% | 1,132,276 | $36.4M | Add +0.1% |
| LYTS Lsi Industries Inc. | 1.00% | 2,364,187 | $35.7M | Reduce -1.8% |
| GVA Granite Construction Inc. | 1.00% | 624,076 | $35.7M | Add +5.5% |
| WAFD Wafd Inc. | 0.99% | 1,222,876 | $35.5M | Reduce -3.8% |
| WSM Williams-Sonoma Inc. | 0.99% | 111,232 | $35.3M | Reduce -35.8% |
| SIGI Selective Insurance Group | 0.98% | 322,129 | $35.2M | Reduce -4.8% |
| ANF Abercrombie & Fitch Co. Class A | 0.98% | 280,391 | $35.1M | Reduce -31.2% |
| MSGE Madison Square Garden Entert | 0.97% | 883,227 | $34.6M | Reduce -0.9% |
| AEO American Eagle Outfitters | 0.96% | 1,329,862 | $34.3M | Reduce -2.3% |
| OSIS Osi Systems Inc. | 0.96% | 240,118 | $34.3M | Reduce -0.6% |
| OC Owens Corning | 0.93% | 199,565 | $33.3M | Reduce -3.6% |
| CMCO Columbus McKinnon Corp. | 0.91% | 732,621 | $32.7M | Reduce -1.2% |
| KBH KB Home | 0.91% | 460,815 | $32.7M | Reduce -10.8% |
| SBRA Sabra Health Care REIT Inc. | 0.90% | 2,180,972 | $32.2M | Add +7.3% |
| AMWD American Woodmark Corp. | 0.89% | 314,758 | $32.0M | Reduce -6.5% |
| INVA Innoviva Inc. | 0.88% | 2,073,396 | $31.6M | Reduce -4.3% |
| SF Stifel Financial Corp. | 0.87% | 400,486 | $31.3M | Add +0.1% |
| CMC Commercial Metals Co. | 0.87% | 529,777 | $31.1M | Reduce -2.0% |
| APLE Apple Hospitality REIT Inc. | 0.86% | 1,890,837 | $31.0M | Add +1.6% |
| SPB Spectrum Brands Holdings Inc. | 0.84% | 337,359 | $30.0M | Reduce -1.7% |
| CCRN Cross Country Healthcare Inc. | 0.83% | 1,592,294 | $29.8M | Reduce -2.8% |
| RRX Regal Rexnord Corp. | 0.83% | 164,782 | $29.7M | Reduce -14.2% |
| URBN Urban Outfitters Inc. | 0.83% | 681,459 | $29.6M | Reduce -2.4% |
| OVV Ovintiv Inc. | 0.81% | 560,075 | $29.1M | Add +4.3% |
| JAZZ Jazz Pharmaceuticals PLC | 0.81% | 240,679 | $29.0M | Add +21.4% |
| HOS Hornbeck Offshore Services I filed as HELIX ENERGY SOLUTIONS GRP I | 0.80% | 2,634,161 | $28.6M | Reduce -1.7% |
| LRN Stride Inc. | 0.79% | 447,026 | $28.2M | Add +0.3% |
| COHU Cohu Inc. | 0.78% | 840,235 | $28.0M | Add +6.1% |
| SAIC Science Applications Inte | 0.77% | 211,434 | $27.6M | Reduce -2.7% |
| PRGS Progress Software Corp. | 0.77% | 515,743 | $27.5M | Add +26.5% |
| VSH Vishay Intertechnology Inc. | 0.76% | 1,194,175 | $27.1M | Add +0.4% |
| EXEL Exelixis Inc. | 0.75% | 1,131,261 | $26.8M | Reduce -0.4% |
| TRST Trustco Bank Corp. NY | 0.74% | 941,721 | $26.5M | Add +4.3% |
| ORI Old Republic Intl Corp. | 0.73% | 851,412 | $26.2M | Reduce -2.0% |
| VC Visteon Corp. | 0.72% | 219,238 | $25.8M | Add +19.5% |
| LDOS Leidos Holdings Inc. | 0.72% | 195,859 | $25.7M | Reduce -4.4% |
| AZTA Azenta Inc. | 0.71% | 421,025 | $25.4M | Reduce -2.5% |
| EFOR Everforth Inc. filed as ASGN INC | 0.69% | 235,843 | $24.7M | Reduce -0.7% |
| DOC Healthpeak Properties Inc. | 0.69% | 1,312,831 | $24.6M | New |
| SIMO Silicon Motion Technol-ADR | 0.65% | 303,336 | $23.3M | Add +9.0% |
| TSEM Tower Semiconductor Ltd. | 0.64% | 690,982 | $23.1M | Add +18.9% |
| DK Delek US Holdings Inc. | 0.64% | 746,713 | $23.0M | Reduce -0.7% |
| MTUS Metallus Inc. | 0.64% | 1,026,624 | $22.8M | Add +2.7% |
| NOMD Nomad Foods Ltd. | 0.64% | 1,167,298 | $22.8M | Add +1.6% |
| DECK Deckers Outdoor Corp. | 0.64% | 24,175 | $22.8M | Reduce -22.5% |
| MKSI MKS Inc. filed as MKS INSTRS INC | 0.63% | 169,591 | $22.6M | Reduce -0.9% |
| HELE Helen of Troy Ltd. | 0.62% | 193,109 | $22.3M | Add +19.9% |
| MCFT Mastercraft Boat Holdings Inc. | 0.62% | 937,096 | $22.2M | Reduce -0.9% |
| MSGS Madison Square Garden Sports | 0.61% | 117,559 | $21.7M | Reduce -2.6% |
| LXP LXP Industrial Trust | 0.60% | 2,396,775 | $21.6M | Add +2.4% |
| OLED Universal Display Corp. | 0.60% | 128,186 | $21.6M | Add +6.1% |
| HNI Hni Corp. | 0.60% | 476,253 | $21.5M | Reduce -4.1% |
| CHDN Churchill Downs Inc. | 0.59% | 171,927 | $21.3M | Reduce -1.2% |
| UCB United Community Banks | 0.58% | 791,303 | $20.8M | Reduce -0.5% |
| HAYW Hayward Holdings Inc. | 0.58% | 1,354,285 | $20.7M | Reduce -2.2% |
| FRME First Merchants Corp. | 0.58% | 593,937 | $20.7M | Reduce -1.3% |
| LZB La-Z-Boy Inc. | 0.57% | 544,187 | $20.5M | Reduce -2.0% |
| HP Helmerich & Payne | 0.57% | 483,370 | $20.3M | Reduce -2.1% |
| FCBC First Community Bankshares | 0.56% | 582,329 | $20.2M | Reduce -2.2% |
| MLR Miller Industries Inc. | 0.56% | 400,094 | $20.0M | Add +2.0% |
| ADEA Adeia Inc. | 0.55% | 1,820,664 | $19.9M | Add +7.3% |
| BBT Beacon Financial Corp. filed as BERKSHIRE HILLS BANCORP INC | 0.55% | 861,939 | $19.8M | Reduce -1.5% |
| KALU Kaiser Aluminum Corp. | 0.55% | 220,466 | $19.7M | Reduce -0.9% |
| GENC Gencor Industries Inc. | 0.55% | 1,178,078 | $19.7M | Reduce -2.3% |
| SHOO Steven Madden Ltd. filed as MADDEN STEVEN LTD | 0.55% | 465,023 | $19.7M | Reduce -5.7% |
| QRVO Qorvo Inc. | 0.55% | 170,855 | $19.6M | Add +24.9% |
| EHAB Enhabit Inc. | 0.55% | 1,676,468 | $19.5M | Add +6.1% |
| PII Polaris Inc. | 0.54% | 192,519 | $19.3M | Add +5.1% |
| SASR Sandy Spring Bancorp Inc. | 0.52% | 807,172 | $18.7M | Add +24.6% |
| DCOM Dime Commercial Bancshares I filed as DIME CMNTY BANCSHARES INC | 0.52% | 971,210 | $18.7M | Reduce -0.3% |
| TPR Tapestry Inc. | 0.52% | 391,674 | $18.6M | Reduce -7.3% |
| CHCT Community Healthcare Trust I | 0.51% | 693,685 | $18.4M | Add +17.0% |
| HSII Heidrick & Struggles Intl | 0.51% | 546,345 | $18.4M | Add +5.3% |
| NE Noble Corp. PLC | 0.51% | 376,397 | $18.3M | Add +23.6% |
| SPHR Sphere Entertainment Co. | 0.50% | 367,697 | $18.0M | Reduce -2.5% |
| COLB Columbia Banking System Inc. | 0.50% | 925,860 | $17.9M | Add +0.6% |
| PHM Pultegroup Inc. | 0.46% | 137,227 | $16.6M | Add +2.5% |
| ADC Agree Realty Corp. | 0.45% | 285,259 | $16.3M | New |
| DOOR Masonite International Corp. | 0.45% | 123,611 | $16.2M | Reduce -40.7% |
| SDRL Seadrill Limited | 0.45% | 322,013 | $16.2M | Add +115.8% |
| GEF Greif Inc. Class A | 0.45% | 233,389 | $16.1M | Add +83.0% |
| LBAI Lakeland Bancorp Inc. | 0.45% | 1,327,813 | $16.1M | Reduce -7.8% |
| ASO Academy Sports & Outdoors Inc. | 0.44% | 233,389 | $15.8M | Reduce -0.0% |
| UHAL.B U-Haul Holding Co.-Non Voting | 0.44% | 234,922 | $15.7M | Reduce -0.0% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $10K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 231 | $10K | No change |
Total filed on the 13F, all lines: $3.6B.
Portfolio Sells Q4 2023 → Q1 2024
| PGTI PGT Innovations Inc. | Sold out | 0.00% | −1.01 |
| PHYSICIANS REALTY TRUST | Sold out | 0.00% | −0.75 |
| SRC Spirit Realty Capital Inc. | Sold out | 0.00% | −0.52 |
| M D C HLDGS INC | Reduce -100.0% | 0.00% | −0.31 |
| CCRN Cross Country Healthcare Inc. | Reduce -2.8% | 0.83% | −0.27 |
| DCOM Dime Commercial Bancshares I | Reduce -0.3% | 0.52% | −0.26 |
| WAFD Wafd Inc. | Reduce -3.8% | 0.99% | −0.25 |
| MEI Methode Electronics Inc. | Reduce -6.5% | 0.18% | −0.21 |
| QDEL Quidelortho Corp. | Reduce -7.3% | 0.26% | −0.20 |
| IWN iShares Russell 2000 Value E | Reduce -90.7% | 0.02% | −0.19 |
| LBAI Lakeland Bancorp Inc. | Reduce -7.8% | 0.45% | −0.18 |
| INVA Innoviva Inc. | Reduce -4.3% | 0.88% | −0.15 |
| AZTA Azenta Inc. | Reduce -2.5% | 0.71% | −0.13 |
| UCB United Community Banks | Reduce -0.5% | 0.58% | −0.11 |
| ALSN Allison Transmission Holding | Reduce -77.1% | 0.05% | −0.11 |
| CHDN Churchill Downs Inc. | Reduce -1.2% | 0.59% | −0.10 |
| PFS Provident Financial Services | Reduce -0.1% | 0.31% | −0.10 |
| BBT Beacon Financial Corp. | Reduce -1.5% | 0.55% | −0.09 |
| FCBC First Community Bankshares | Reduce -2.2% | 0.56% | −0.09 |
| PLOW Douglas Dynamics Inc. | Reduce -8.4% | 0.21% | −0.09 |
| OSUR Orasure Technologies Inc. | Reduce -2.5% | 0.19% | −0.09 |
| ANF Abercrombie & Fitch Co. Class A | Reduce -31.2% | 0.98% | −0.09 |
| FRME First Merchants Corp. | Reduce -1.3% | 0.58% | −0.08 |
| DOO BRP Inc./Ca- Sub Voting | Reduce -4.7% | 0.40% | −0.08 |
| SILC Silicom Ltd. | Reduce -0.4% | 0.26% | −0.08 |
| ONTO Onto Innovation Inc. | Reduce -16.2% | 1.07% | −0.08 |
| DOOR Masonite International Corp. | Reduce -40.7% | 0.45% | −0.07 |
| BPRN Princeton Bancorp Inc. | Reduce -2.2% | 0.25% | −0.07 |
| SHOO Steven Madden Ltd. | Reduce -5.7% | 0.55% | −0.07 |
| EXEL Exelixis Inc. | Reduce -0.4% | 0.75% | −0.06 |
| UHAL.B U-Haul Holding Co.-Non Voting | Reduce -0.0% | 0.44% | −0.05 |
| LXU LSB Industries Inc. | Reduce -0.5% | 0.39% | −0.05 |
| MED Medifast Inc. | Sold out | 0.00% | −0.05 |
| WSM Williams-Sonoma Inc. | Reduce -35.8% | 0.99% | −0.05 |
| DAN Dana Inc. | Reduce -3.1% | 0.17% | −0.05 |
| KBH KB Home | Reduce -10.8% | 0.91% | −0.05 |
| MSGS Madison Square Garden Sports | Reduce -2.6% | 0.61% | −0.05 |
| ESLT Elbit Systems Ltd. | Reduce -2.3% | 0.41% | −0.04 |
| LZB La-Z-Boy Inc. | Reduce -2.0% | 0.57% | −0.04 |
| ICFI Icf International Inc. | Reduce -8.1% | 1.24% | −0.04 |
| AMWD American Woodmark Corp. | Reduce -6.5% | 0.89% | −0.03 |
| CENTRAL VALLEY COMM BANCORP | Reduce -4.3% | 0.13% | −0.03 |
| POR Portland General Electric Co. | Reduce -2.0% | 0.27% | −0.03 |
| SAIC Science Applications Inte | Reduce -2.7% | 0.77% | −0.03 |
| LUCK Lucky Strike Entertainment C | Reduce -1.8% | 0.27% | −0.03 |
| KVHI KVH Industries Inc. | Reduce -3.7% | 0.22% | −0.03 |
| GENC Gencor Industries Inc. | Reduce -2.3% | 0.55% | −0.03 |
| ORI Old Republic Intl Corp. | Reduce -2.0% | 0.73% | −0.03 |
| AUB Atlantic Union Bankshares Co. | Reduce -1.3% | 0.23% | −0.03 |
| DRH Diamondrock Hospitality Co. | Reduce -1.6% | 0.41% | −0.02 |
Portfolio Buys Q4 2023 → Q1 2024
| DOC Healthpeak Properties Inc. | New | 0.69% | +0.69 |
| ADC Agree Realty Corp. | New | 0.45% | +0.45 |
| KRG Kite Realty Group Trust | New | 0.31% | +0.31 |
| WTTR Select Water Solutions Inc. | New | 0.25% | +0.25 |
| O Realty Income Corp. | New | 0.25% | +0.25 |
| SDRL Seadrill Limited | Add +115.8% | 0.45% | +0.24 |
| GEF Greif Inc. Class A | Add +83.0% | 0.45% | +0.20 |
| IMKTA Ingles Markets Inc. Class A | New | 0.19% | +0.19 |
| GDEN Golden Entertainment Inc. | New | 0.16% | +0.16 |
| SIMO Silicon Motion Technol-ADR | Add +9.0% | 0.65% | +0.15 |
| VVX V2X Inc. | New | 0.14% | +0.14 |
| KLIC Kulicke & Soffa Industries | New | 0.13% | +0.13 |
| TSEM Tower Semiconductor Ltd. | Add +18.9% | 0.64% | +0.12 |
| OVV Ovintiv Inc. | Add +4.3% | 0.81% | +0.11 |
| PRGS Progress Software Corp. | Add +26.5% | 0.77% | +0.11 |
| AXTI Axt Inc. | Add +26.6% | 0.19% | +0.11 |
| MRVI Maravai Lifesciences Hldgs-A | Add +13.7% | 0.36% | +0.11 |
| COHR Coherent Corp. | Add +1.0% | 0.44% | +0.11 |
| GVA Granite Construction Inc. | Add +5.5% | 1.00% | +0.10 |
| QRVO Qorvo Inc. | Add +24.9% | 0.55% | +0.09 |
| JAZZ Jazz Pharmaceuticals PLC | Add +21.4% | 0.81% | +0.09 |
| INMD Inmode Ltd. | Add +35.5% | 0.39% | +0.07 |
| NE Noble Corp. PLC | Add +23.6% | 0.51% | +0.07 |
| MLR Miller Industries Inc. | Add +2.0% | 0.56% | +0.07 |
| IART Integra Lifesciences Holding | New | 0.06% | +0.06 |
| EHAB Enhabit Inc. | Add +6.1% | 0.55% | +0.06 |
| NOMD Nomad Foods Ltd. | Add +1.6% | 0.64% | +0.06 |
| HSII Heidrick & Struggles Intl | Add +5.3% | 0.51% | +0.06 |
| SF Stifel Financial Corp. | Add +0.1% | 0.87% | +0.05 |
| PHM Pultegroup Inc. | Add +2.5% | 0.46% | +0.05 |
| FANG Diamondback Energy Inc. | Add +51.0% | 0.11% | +0.05 |
| CHCT Community Healthcare Trust I | Add +17.0% | 0.51% | +0.05 |
| HELE Helen of Troy Ltd. | Add +19.9% | 0.62% | +0.04 |
| TNK Teekay Tankers Ltd. Class A | Add +7.8% | 0.28% | +0.04 |
| UFCS United Fire Group Inc. | Add +19.8% | 0.24% | +0.04 |
| VC Visteon Corp. | Add +19.5% | 0.72% | +0.04 |
| SBRA Sabra Health Care REIT Inc. | Add +7.3% | 0.90% | +0.04 |
| LHX L3HARRIS Technologies Inc. | Add +48.2% | 0.13% | +0.04 |
| DKS Dick's Sporting Goods Inc. | Add +101.7% | 0.06% | +0.04 |
| RJF Raymond James Financial Inc. | Add +42.5% | 0.10% | +0.04 |
| CEG Constellation Energy | Add +83.2% | 0.05% | +0.03 |
| RL Ralph Lauren Corp. | Add +19.1% | 0.10% | +0.03 |
| PNW Pinnacle West Capital | Add +59.4% | 0.08% | +0.03 |
| CAG Conagra Brands Inc. | Add +11763.0% | 0.03% | +0.03 |
| DLR Digital Realty Trust Inc. | Add +3757.2% | 0.03% | +0.03 |
| CIEN Ciena Corp. | Add +42.8% | 0.08% | +0.03 |
| AIZ Assurant Inc. | Add +34.1% | 0.08% | +0.02 |
| PII Polaris Inc. | Add +5.1% | 0.54% | +0.02 |
| CNC Centene Corp. | Add +160.0% | 0.03% | +0.02 |
| GEHC GE Healthcare Technology | Add +6280.8% | 0.02% | +0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 243 | $5.0B | SIMO, MLI, JAZZ, COHU, MKSI |
| Q1 2026 | 247 | $4.4B | TSEM, MGY, MLI, EME, JAZZ |
| Q4 2025 | 252 | $4.2B | MLI, EME, TSEM, NWE, JAZZ |
| Q3 2025 | 245 | $4.1B | EME, MLI, MGY, NWE, PIPR |
| Q2 2025 | 245 | $3.7B | EME, MLI, MGY, OSIS, NWE |
| Q1 2025 | 245 | $3.5B | MGY, MLI, NWE, EME, WBS |
| Q4 2024 | 250 | $3.9B | MLI, EME, MGY, FCNCA, PIPR |
| Q3 2024 | 335 | $3.9B | EME, MGY, MLI, FCNCA, NWE |
| Q2 2024 | 248 | $3.3B | FCNCA, MGY, EME, MLI, NWE |
| Q1 2024 | 250 | $3.6B | FCNCA, MGY, EME, FIX, MLI |