Systematic Financial Management LP
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Systematic Financial Management LP reported 250 stock positions worth $3.9 billion. Its top holding was Mueller Industries (MLI) at 1.9% of the portfolio, followed by Emcor (EME, 1.8%) and Magnolia Oil & Gas Class A (MGY, 1.8%). Compared with Q3 2024, it opened 4 new positions, sold out of 89, added to 144 and reduced 56. The biggest buy was Jazz Pharmaceuticals (JAZZ, shares +33%) and the biggest sale Qorvo (QRVO, shares −100%).
- Most Recent 13F
- Q2 2026
- Location
- TEANECK, NJ
- CIK
- 0001085936
- Portfolio Value
- $3.9B (Q4 2024)
- SEC Filing
- 0001085936-25-000021 ↗ filed Feb 14, 2025
Holdings Value
Holdings 250 stocks · $3.9B
| MLI Mueller Industries Inc. | 1.91% | 947,650 | $75.2M | Add +0.9% |
| EME Emcor Group Inc. | 1.82% | 157,219 | $71.4M | Reduce -6.3% |
| MGY Magnolia Oil & Gas Corp. Class A | 1.80% | 3,033,275 | $70.9M | Add +3.9% |
| FCNCA First Citizens Bcshs Class A | 1.62% | 30,097 | $63.6M | Reduce -18.7% |
| PIPR Piper Sandler Cos | 1.53% | 199,842 | $59.9M | Add +1.8% |
| NWE Northwestern Energy Group Inc. | 1.51% | 1,110,574 | $59.4M | Add +3.8% |
| WBS Webster Financial Corp. | 1.40% | 995,815 | $55.0M | Add +3.7% |
| GVA Granite Construction Inc. | 1.28% | 571,848 | $50.2M | Reduce -5.5% |
| FIX Comfort Systems USA Inc. | 1.27% | 117,960 | $50.0M | Reduce -9.0% |
| CW Curtiss-Wright Corp. | 1.27% | 140,399 | $49.8M | Reduce -4.1% |
| LYTS Lsi Industries Inc. | 1.26% | 2,542,844 | $49.4M | Add +4.3% |
| WAFD Wafd Inc. | 1.24% | 1,506,368 | $48.6M | Add +5.2% |
| JAZZ Jazz Pharmaceuticals PLC | 1.18% | 376,313 | $46.3M | Add +32.5% |
| OSIS Osi Systems Inc. | 1.18% | 276,163 | $46.2M | Add +4.5% |
| KBR KBR Inc. | 1.14% | 772,889 | $44.8M | Reduce -1.1% |
| SF Stifel Financial Corp. | 1.12% | 415,321 | $44.1M | Add +2.7% |
| ANF Abercrombie & Fitch Co. Class A | 1.09% | 287,561 | $43.0M | Add +3.4% |
| EHC Encompass Health Corp. | 1.09% | 464,295 | $42.9M | Add +0.7% |
| URBN Urban Outfitters Inc. | 1.06% | 756,409 | $41.5M | Add +4.8% |
| SBRA Sabra Health Care REIT Inc. | 1.05% | 2,391,104 | $41.4M | Add +4.3% |
| LRN Stride Inc. | 1.03% | 389,051 | $40.4M | Reduce -4.9% |
| TSEM Tower Semiconductor Ltd. | 1.02% | 774,579 | $39.9M | Add +1.8% |
| WSM Williams-Sonoma Inc. | 1.00% | 212,689 | $39.4M | Add +5.1% |
| EG Everest Group Ltd. | 0.99% | 107,319 | $38.9M | Add +3.0% |
| EXEL Exelixis Inc. | 0.99% | 1,164,317 | $38.8M | Reduce -0.3% |
| TRST Trustco Bank Corp. NY | 0.98% | 1,156,983 | $38.5M | Add +4.3% |
| SASR Sandy Spring Bancorp Inc. | 0.96% | 1,116,052 | $37.6M | Add +8.9% |
| PFS Provident Financial Services | 0.95% | 1,976,235 | $37.3M | Add +4.6% |
| OC Owens Corning | 0.94% | 217,895 | $37.1M | Add +3.2% |
| UMBF Umb Financial Corp. | 0.93% | 325,242 | $36.7M | Add +1.5% |
| PRGS Progress Software Corp. | 0.92% | 554,133 | $36.1M | Add +1.8% |
| INVA Innoviva Inc. | 0.90% | 2,029,069 | $35.2M | Add +2.5% |
| DCOM Dime Commercial Bancshares I filed as DIME CMNTY BANCSHARES INC | 0.88% | 1,119,762 | $34.4M | Add +2.6% |
| PRGO Perrigo Co. PLC | 0.85% | 1,301,724 | $33.5M | Add +3.9% |
| APLE Apple Hospitality REIT Inc. | 0.85% | 2,163,458 | $33.2M | Add +3.0% |
| ORI Old Republic Intl Corp. | 0.84% | 910,225 | $32.9M | Add +3.1% |
| MSGE Madison Square Garden Entert | 0.83% | 919,477 | $32.7M | Add +3.1% |
| KBH KB Home | 0.82% | 490,303 | $32.2M | Add +4.4% |
| COLB Columbia Banking System Inc. | 0.81% | 1,181,420 | $31.9M | Add +1.4% |
| SIMO Silicon Motion Technol-ADR | 0.81% | 589,409 | $31.9M | Add +19.2% |
| ADEA Adeia Inc. | 0.81% | 2,276,288 | $31.8M | Add +5.4% |
| EBC Eastern Bankshares Inc. | 0.79% | 1,791,465 | $30.9M | Add +3.5% |
| CMCO Columbus McKinnon Corp. | 0.79% | 829,080 | $30.9M | Add +6.0% |
| SPB Spectrum Brands Holdings Inc. | 0.77% | 359,748 | $30.4M | Add +4.0% |
| REX Rex American Resources Corp. | 0.76% | 717,303 | $29.9M | Add +3.5% |
| FRME First Merchants Corp. | 0.76% | 749,055 | $29.9M | Add +9.7% |
| DOC Healthpeak Properties Inc. | 0.76% | 1,472,448 | $29.8M | Add +3.7% |
| SIGI Selective Insurance Group | 0.75% | 314,272 | $29.4M | Add +3.4% |
| UCB United Community Banks | 0.74% | 899,684 | $29.1M | Add +1.2% |
| ICFI Icf International Inc. | 0.73% | 239,490 | $28.5M | Reduce -14.2% |
| MSGS Madison Square Garden Sports | 0.73% | 126,249 | $28.5M | Add +1.6% |
| BBT Beacon Financial Corp. filed as BERKSHIRE HILLS BANCORP INC | 0.72% | 999,861 | $28.4M | Add +5.0% |
| CMC Commercial Metals Co. | 0.70% | 557,366 | $27.6M | Add +1.4% |
| AMWD American Woodmark Corp. | 0.69% | 342,452 | $27.2M | Add +3.6% |
| HOS Hornbeck Offshore Services I filed as HELIX ENERGY SOLUTIONS GRP I | 0.69% | 2,905,836 | $27.1M | Add +17.1% |
| OVV Ovintiv Inc. | 0.68% | 658,890 | $26.7M | Add +11.5% |
| ONTO Onto Innovation Inc. | 0.68% | 159,225 | $26.5M | Add +3.7% |
| TPR Tapestry Inc. | 0.67% | 405,659 | $26.5M | Add +2.6% |
| MLR Miller Industries Inc. | 0.67% | 403,191 | $26.4M | Add +2.0% |
| SAIC Science Applications Inte | 0.66% | 232,342 | $26.0M | Add +1.0% |
| RRX Regal Rexnord Corp. | 0.65% | 165,778 | $25.7M | Add +5.0% |
| LZB La-Z-Boy Inc. | 0.65% | 586,107 | $25.5M | Add +4.0% |
| NX Quanex Building Products | 0.65% | 1,050,230 | $25.5M | Add +2.8% |
| NOMD Nomad Foods Ltd. | 0.63% | 1,469,737 | $24.7M | Add +16.0% |
| VSH Vishay Intertechnology Inc. | 0.63% | 1,455,751 | $24.7M | Add +4.9% |
| COHU Cohu Inc. | 0.63% | 922,106 | $24.6M | Add +4.2% |
| HSII Heidrick & Struggles Intl | 0.62% | 552,878 | $24.5M | Reduce -0.3% |
| POR Portland General Electric Co. | 0.61% | 553,407 | $24.1M | Add +2.9% |
| AEO American Eagle Outfitters | 0.61% | 1,435,128 | $23.9M | Add +2.9% |
| HNI Hni Corp. | 0.61% | 474,140 | $23.9M | Add +1.8% |
| VC Visteon Corp. | 0.61% | 268,495 | $23.8M | Add +3.4% |
| LXP LXP Industrial Trust | 0.60% | 2,922,010 | $23.7M | Add +9.3% |
| LDOS Leidos Holdings Inc. | 0.60% | 164,470 | $23.7M | Reduce -10.8% |
| CHDN Churchill Downs Inc. | 0.60% | 177,193 | $23.7M | Add +3.5% |
| COHR Coherent Corp. | 0.60% | 247,644 | $23.5M | Add +0.2% |
| ANGO Angiodynamics Inc. | 0.59% | 2,521,065 | $23.1M | Add +4.6% |
| ADC Agree Realty Corp. | 0.59% | 327,760 | $23.1M | Add +4.5% |
| MKSI MKS Inc. filed as MKS INSTRS INC | 0.58% | 219,678 | $22.9M | Add +10.5% |
| FCBC First Community Bankshares | 0.57% | 542,599 | $22.6M | Add +2.0% |
| AZTA Azenta Inc. | 0.57% | 444,521 | $22.2M | Add +2.3% |
| HAYW Hayward Holdings Inc. | 0.56% | 1,451,878 | $22.2M | Add +3.9% |
| EFOR Everforth Inc. filed as ASGN INC | 0.54% | 256,228 | $21.4M | Reduce -3.7% |
| GENC Gencor Industries Inc. | 0.53% | 1,178,065 | $20.8M | Add +2.5% |
| SHOO Steven Madden Ltd. filed as MADDEN STEVEN LTD | 0.52% | 485,056 | $20.6M | Add +10.5% |
| MCFT Mastercraft Boat Holdings Inc. | 0.52% | 1,071,424 | $20.4M | Add +4.2% |
| KRG Kite Realty Group Trust | 0.51% | 794,687 | $20.1M | Add +4.0% |
| CHCT Community Healthcare Trust I | 0.51% | 1,035,836 | $19.9M | Add +10.6% |
| AUB Atlantic Union Bankshares Co. | 0.51% | 524,465 | $19.9M | Add +13.3% |
| IART Integra Lifesciences Holding | 0.50% | 860,563 | $19.5M | Add +40.7% |
| VVX V2X Inc. | 0.49% | 401,346 | $19.2M | Add +0.1% |
| GEF Greif Inc. Class A | 0.48% | 310,236 | $19.0M | Add +2.5% |
| NMRK Newmark Group Inc. Class A | 0.48% | 1,476,123 | $18.9M | Add +3.8% |
| OLED Universal Display Corp. | 0.48% | 128,357 | $18.8M | Add +1.8% |
| HP Helmerich & Payne | 0.47% | 573,271 | $18.4M | Add +3.8% |
| CCRN Cross Country Healthcare Inc. | 0.46% | 988,951 | $18.0M | Reduce -40.5% |
| KALU Kaiser Aluminum Corp. | 0.46% | 255,180 | $17.9M | Add +8.6% |
| SDRL Seadrill Limited | 0.45% | 451,265 | $17.6M | Add +19.5% |
| OCFC Oceanfirst Financial Corp. | 0.44% | 964,646 | $17.5M | Add +5.2% |
| INMD Inmode Ltd. | 0.44% | 1,026,823 | $17.1M | Add +4.5% |
| BNL Broadstone Net Lease Inc. | 0.43% | 1,069,837 | $17.0M | Add +43.1% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $6K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 231 | $6K | No change |
Total filed on the 13F, all lines: $3.9B.
Portfolio Sells Q3 2024 → Q4 2024
| QRVO Qorvo Inc. | Reduce -100.0% | 0.00% | −0.50 |
| ICFI Icf International Inc. | Reduce -14.2% | 0.73% | −0.46 |
| LDOS Leidos Holdings Inc. | Reduce -10.8% | 0.60% | −0.16 |
| KBR KBR Inc. | Reduce -1.1% | 1.14% | −0.16 |
| PHM Pultegroup Inc. | Reduce -3.3% | 0.35% | −0.13 |
| FCNCA First Citizens Bcshs Class A | Reduce -18.7% | 1.62% | −0.12 |
| CCRN Cross Country Healthcare Inc. | Reduce -40.5% | 0.46% | −0.11 |
| DAN Dana Inc. | Sold out | 0.00% | −0.09 |
| EFOR Everforth Inc. | Reduce -3.7% | 0.54% | −0.09 |
| TTEK Tetra Tech Inc. | Reduce -19.9% | 0.18% | −0.09 |
| BDN Brandywine Realty Trust | Reduce -53.1% | 0.06% | −0.07 |
| MX Magnachip Semiconductor Corp. | Reduce -6.3% | 0.20% | −0.05 |
| SPHR Sphere Entertainment Co. | Reduce -1.5% | 0.38% | −0.04 |
| EAT Brinker International Inc. | Reduce -95.2% | 0.00% | −0.03 |
| OSK Oshkosh Corp. | Reduce -9.3% | 0.20% | −0.03 |
| CWK Cushman & Wakefield UK Holdc | Sold out | 0.00% | −0.03 |
| RWT Redwood Trust Inc. | Sold out | 0.00% | −0.03 |
| AHR American Healthcare REIT Inc. | Sold out | 0.00% | −0.03 |
| OUT Outfront Media Inc. | Reduce -48.5% | 0.03% | −0.03 |
| BANC Banc of California Inc. | Sold out | 0.00% | −0.03 |
| SAFE Safehold Inc. | Sold out | 0.00% | −0.03 |
| AHCO Adapthealth Corp. | Sold out | 0.00% | −0.03 |
| ATEN A10 Networks Inc. | Sold out | 0.00% | −0.03 |
| ONB Old National Bancorp | Sold out | 0.00% | −0.03 |
| PNTG The Pennant Group Inc. | Sold out | 0.00% | −0.03 |
| BARNES GROUP INC | Sold out | 0.00% | −0.03 |
| IRT Independence Realty Trust Inc. | Sold out | 0.00% | −0.03 |
| LNTH Lantheus Holdings Inc. | Sold out | 0.00% | −0.02 |
| BV Brightview Holdings Inc. | Sold out | 0.00% | −0.02 |
| MEI Methode Electronics Inc. | Sold out | 0.00% | −0.02 |
| SRI Stoneridge Inc. | Reduce -7.5% | 0.03% | −0.02 |
| DX Dynex Capital Inc. | Sold out | 0.00% | −0.02 |
| EME Emcor Group Inc. | Reduce -6.3% | 1.82% | −0.02 |
| CNX CNX Resources Corp. | Sold out | 0.00% | −0.02 |
| PENG Penguin Solutions Inc. | Sold out | 0.00% | −0.02 |
| TALO Talos Energy Inc. | Sold out | 0.00% | −0.02 |
| FIBK First Interstate Bancsys-A | Sold out | 0.00% | −0.02 |
| IMAX Imax Corp. | Sold out | 0.00% | −0.02 |
| SFNC Simmons First Natl Corp. Class A | Sold out | 0.00% | −0.02 |
| RNST Renasant Corp. | Sold out | 0.00% | −0.02 |
| CPK Chesapeake Utilities Corp. | Sold out | 0.00% | −0.02 |
| CRGY Crescent Energy Inc. Class A | Sold out | 0.00% | −0.02 |
| WSBC Wesbanco Inc. | Sold out | 0.00% | −0.02 |
| TMHC Taylor Morrison Home Corp. | Reduce -65.2% | 0.01% | −0.02 |
| PK Park Hotels & Resorts Inc. | Sold out | 0.00% | −0.02 |
| NBHC National Bank Hold Class A | Sold out | 0.00% | −0.02 |
| LBRT Liberty Energy Inc. | Sold out | 0.00% | −0.02 |
| PENN Penn Entertainment Inc. | Sold out | 0.00% | −0.02 |
| OGN Organon & Co. | Reduce -98.1% | 0.00% | −0.02 |
| PVH PVH Corp. | Sold out | 0.00% | −0.02 |
Portfolio Buys Q3 2024 → Q4 2024
| JAZZ Jazz Pharmaceuticals PLC | Add +32.5% | 1.18% | +0.37 |
| URBN Urban Outfitters Inc. | Add +4.8% | 1.06% | +0.35 |
| WBS Webster Financial Corp. | Add +3.7% | 1.40% | +0.26 |
| LYTS Lsi Industries Inc. | Add +4.3% | 1.26% | +0.25 |
| AMPH Amphastar Pharmaceuticals Inc. | New | 0.23% | +0.23 |
| IART Integra Lifesciences Holding | Add +40.7% | 0.50% | +0.21 |
| WSM Williams-Sonoma Inc. | Add +5.1% | 1.00% | +0.20 |
| TPR Tapestry Inc. | Add +2.6% | 0.67% | +0.20 |
| TSEM Tower Semiconductor Ltd. | Add +1.8% | 1.02% | +0.16 |
| ADEA Adeia Inc. | Add +5.4% | 0.81% | +0.15 |
| OSIS Osi Systems Inc. | Add +4.5% | 1.18% | +0.15 |
| SF Stifel Financial Corp. | Add +2.7% | 1.12% | +0.15 |
| MLI Mueller Industries Inc. | Add +0.9% | 1.91% | +0.14 |
| UFCS United Fire Group Inc. | Add +13.7% | 0.40% | +0.14 |
| SASR Sandy Spring Bancorp Inc. | Add +8.9% | 0.96% | +0.14 |
| AVUV Avantis US Small Cap Value | New | 0.11% | +0.11 |
| FRME First Merchants Corp. | Add +9.7% | 0.76% | +0.11 |
| ANGO Angiodynamics Inc. | Add +4.6% | 0.59% | +0.11 |
| PIPR Piper Sandler Cos | Add +1.8% | 1.53% | +0.11 |
| ANF Abercrombie & Fitch Co. Class A | Add +3.4% | 1.09% | +0.10 |
| OVV Ovintiv Inc. | Add +11.5% | 0.68% | +0.10 |
| SONO Sonos Inc. | Add +6.5% | 0.37% | +0.09 |
| SUPN Supernus Pharmaceuticals Inc. | Add +302.7% | 0.10% | +0.08 |
| UCB United Community Banks | Add +1.2% | 0.74% | +0.08 |
| UMBF Umb Financial Corp. | Add +1.5% | 0.93% | +0.08 |
| DCOM Dime Commercial Bancshares I | Add +2.6% | 0.88% | +0.08 |
| CHCT Community Healthcare Trust I | Add +10.6% | 0.51% | +0.07 |
| BNL Broadstone Net Lease Inc. | Add +43.1% | 0.43% | +0.07 |
| BBT Beacon Financial Corp. | Add +5.0% | 0.72% | +0.07 |
| CMCO Columbus McKinnon Corp. | Add +6.0% | 0.79% | +0.07 |
| MSGS Madison Square Garden Sports | Add +1.6% | 0.73% | +0.07 |
| SDRL Seadrill Limited | Add +19.5% | 0.45% | +0.06 |
| EBC Eastern Bankshares Inc. | Add +3.5% | 0.79% | +0.06 |
| APEI American Public Education | Add +2.0% | 0.19% | +0.06 |
| AUB Atlantic Union Bankshares Co. | Add +13.3% | 0.51% | +0.06 |
| MLR Miller Industries Inc. | Add +2.0% | 0.67% | +0.06 |
| PFS Provident Financial Services | Add +4.6% | 0.95% | +0.06 |
| APLE Apple Hospitality REIT Inc. | Add +3.0% | 0.85% | +0.05 |
| COHU Cohu Inc. | Add +4.2% | 0.63% | +0.05 |
| IWN iShares Russell 2000 Value E | Add +132.6% | 0.08% | +0.05 |
| TRST Trustco Bank Corp. NY | Add +4.3% | 0.98% | +0.05 |
| SIMO Silicon Motion Technol-ADR | Add +19.2% | 0.81% | +0.05 |
| PERI Perion Network Ltd. | Add +38.3% | 0.14% | +0.05 |
| MCFT Mastercraft Boat Holdings Inc. | Add +4.2% | 0.52% | +0.04 |
| ORI Old Republic Intl Corp. | Add +3.1% | 0.84% | +0.04 |
| SILC Silicom Ltd. | Add +4.2% | 0.21% | +0.04 |
| HP Helmerich & Payne | Add +3.8% | 0.47% | +0.04 |
| COLB Columbia Banking System Inc. | Add +1.4% | 0.81% | +0.04 |
| COHR Coherent Corp. | Add +0.2% | 0.60% | +0.04 |
| LZB La-Z-Boy Inc. | Add +4.0% | 0.65% | +0.03 |
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 |