Systematic Financial Management LP
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Systematic Financial Management LP reported 245 stock positions worth $3.5 billion. Its top holding was Magnolia Oil & Gas Class A (MGY) at 2.2% of the portfolio, followed by Mueller Industries (MLI, 2.1%) and Northwestern Energy (NWE, 1.8%). Compared with Q4 2024, it opened 3 new positions, sold out of 8, added to 91 and reduced 79. The biggest buy was Northwestern Energy (NWE, shares +0%) and the biggest sale Columbus McKinnon (CMCO, shares −58%).
- Most Recent 13F
- Q2 2026
- Location
- TEANECK, NJ
- CIK
- 0001085936
- Portfolio Value
- $3.5B (Q1 2025)
- SEC Filing
- 0001085936-25-000023 ↗ filed May 14, 2025
Holdings Value
Holdings 245 stocks · $3.5B
| MGY Magnolia Oil & Gas Corp. Class A | 2.15% | 2,989,746 | $75.5M | Reduce -1.4% |
| MLI Mueller Industries Inc. | 2.08% | 957,113 | $72.9M | Add +1.0% |
| NWE Northwestern Energy Group Inc. | 1.84% | 1,114,838 | $64.5M | Add +0.4% |
| EME Emcor Group Inc. | 1.64% | 155,467 | $57.5M | Reduce -1.1% |
| WBS Webster Financial Corp. | 1.48% | 1,005,441 | $51.8M | Add +1.0% |
| OSIS Osi Systems Inc. | 1.46% | 264,001 | $51.3M | Reduce -4.4% |
| FCNCA First Citizens Bcshs Class A | 1.39% | 26,233 | $48.6M | Reduce -12.8% |
| PIPR Piper Sandler Cos | 1.37% | 194,278 | $48.1M | Reduce -2.8% |
| JAZZ Jazz Pharmaceuticals PLC | 1.37% | 386,903 | $48.0M | Add +2.8% |
| LRN Stride Inc. | 1.34% | 373,074 | $47.2M | Reduce -4.1% |
| EHC Encompass Health Corp. | 1.33% | 461,446 | $46.7M | Reduce -0.6% |
| WAFD Wafd Inc. | 1.25% | 1,531,327 | $43.8M | Add +1.7% |
| LYTS Lsi Industries Inc. | 1.24% | 2,565,826 | $43.6M | Add +0.9% |
| GVA Granite Construction Inc. | 1.21% | 563,490 | $42.5M | Reduce -1.5% |
| EG Everest Group Ltd. | 1.20% | 116,158 | $42.2M | Add +8.2% |
| EXEL Exelixis Inc. | 1.19% | 1,133,202 | $41.8M | Reduce -2.7% |
| SBRA Sabra Health Care REIT Inc. | 1.18% | 2,374,810 | $41.5M | Reduce -0.7% |
| CW Curtiss-Wright Corp. | 1.17% | 129,224 | $41.0M | Reduce -8.0% |
| URBN Urban Outfitters Inc. | 1.12% | 749,454 | $39.3M | Reduce -0.9% |
| SF Stifel Financial Corp. | 1.11% | 413,498 | $39.0M | Reduce -0.4% |
| KBR KBR Inc. | 1.08% | 762,850 | $38.0M | Reduce -1.3% |
| INVA Innoviva Inc. | 1.07% | 2,071,253 | $37.6M | Add +2.1% |
| PRGO Perrigo Co. PLC | 1.05% | 1,310,196 | $36.7M | Add +0.7% |
| ORI Old Republic Intl Corp. | 1.01% | 903,582 | $35.4M | Reduce -0.7% |
| TRST Trustco Bank Corp. NY | 1.00% | 1,155,825 | $35.2M | Reduce -0.1% |
| UMBF Umb Financial Corp. | 0.97% | 335,410 | $33.9M | Add +3.1% |
| PFS Provident Financial Services | 0.96% | 1,966,851 | $33.8M | Reduce -0.5% |
| DCOM Dime Commercial Bancshares I filed as DIME CMNTY BANCSHARES INC | 0.95% | 1,201,536 | $33.5M | Add +7.3% |
| PRGS Progress Software Corp. | 0.94% | 643,711 | $33.2M | Add +16.2% |
| SASR Sandy Spring Bancorp Inc. | 0.89% | 1,116,408 | $31.2M | Add +0.0% |
| DOC Healthpeak Properties Inc. | 0.88% | 1,529,584 | $30.9M | Add +3.9% |
| OC Owens Corning | 0.88% | 216,495 | $30.9M | Reduce -0.6% |
| FIX Comfort Systems USA Inc. | 0.86% | 94,189 | $30.4M | Reduce -20.1% |
| EBC Eastern Bankshares Inc. | 0.86% | 1,845,433 | $30.3M | Add +3.0% |
| MSGE Madison Square Garden Entert | 0.86% | 923,407 | $30.2M | Add +0.4% |
| FRME First Merchants Corp. | 0.86% | 745,408 | $30.1M | Reduce -0.5% |
| SIMO Silicon Motion Technol-ADR | 0.85% | 593,634 | $30.0M | Add +0.7% |
| SIGI Selective Insurance Group | 0.85% | 327,707 | $30.0M | Add +4.3% |
| ADEA Adeia Inc. | 0.85% | 2,262,422 | $29.9M | Reduce -0.6% |
| COLB Columbia Banking System Inc. | 0.83% | 1,173,695 | $29.3M | Reduce -0.7% |
| NOMD Nomad Foods Ltd. | 0.83% | 1,481,430 | $29.1M | Add +0.8% |
| KBH KB Home | 0.82% | 492,440 | $28.6M | Add +0.4% |
| OVV Ovintiv Inc. | 0.81% | 668,456 | $28.6M | Add +1.4% |
| APLE Apple Hospitality REIT Inc. | 0.80% | 2,179,914 | $28.1M | Add +0.8% |
| TSEM Tower Semiconductor Ltd. | 0.79% | 775,239 | $27.6M | Add +0.1% |
| WSM Williams-Sonoma Inc. | 0.77% | 171,356 | $27.1M | Reduce -19.4% |
| REX Rex American Resources Corp. | 0.77% | 718,086 | $27.0M | Add +0.1% |
| TPR Tapestry Inc. | 0.76% | 378,617 | $26.7M | Reduce -6.7% |
| CMC Commercial Metals Co. | 0.75% | 568,688 | $26.2M | Add +2.0% |
| BBT Beacon Financial Corp. filed as BERKSHIRE HILLS BANCORP INC | 0.74% | 995,788 | $26.0M | Reduce -0.4% |
| POR Portland General Electric Co. | 0.74% | 581,084 | $25.9M | Add +5.0% |
| SPB Spectrum Brands Holdings Inc. | 0.73% | 360,401 | $25.8M | Add +0.2% |
| LXP LXP Industrial Trust | 0.72% | 2,933,883 | $25.4M | Add +0.4% |
| UCB United Community Banks | 0.71% | 890,980 | $25.1M | Reduce -1.0% |
| ADC Agree Realty Corp. | 0.71% | 324,167 | $25.0M | Reduce -1.1% |
| MSGS Madison Square Garden Sports | 0.70% | 126,305 | $24.6M | Add +0.0% |
| HOS Hornbeck Offshore Services I filed as HELIX ENERGY SOLUTIONS GRP I | 0.70% | 2,951,818 | $24.5M | Add +1.6% |
| VSH Vishay Intertechnology Inc. | 0.69% | 1,514,217 | $24.1M | Add +4.0% |
| ANGO Angiodynamics Inc. | 0.67% | 2,497,289 | $23.4M | Reduce -0.9% |
| ANF Abercrombie & Fitch Co. Class A | 0.67% | 306,426 | $23.4M | Add +6.6% |
| SAIC Science Applications Inte | 0.65% | 202,010 | $22.7M | Reduce -13.1% |
| NX Quanex Building Products | 0.64% | 1,202,505 | $22.4M | Add +14.5% |
| LDOS Leidos Holdings Inc. | 0.64% | 165,563 | $22.3M | Add +0.7% |
| VC Visteon Corp. | 0.62% | 281,951 | $21.9M | Add +5.0% |
| AMWD American Woodmark Corp. | 0.61% | 364,929 | $21.5M | Add +6.6% |
| HSII Heidrick & Struggles Intl | 0.61% | 499,712 | $21.4M | Reduce -9.6% |
| LZB La-Z-Boy Inc. | 0.60% | 537,780 | $21.0M | Reduce -8.3% |
| HNI Hni Corp. | 0.60% | 473,088 | $21.0M | Reduce -0.2% |
| IART Integra Lifesciences Holding | 0.59% | 936,834 | $20.6M | Add +8.9% |
| FCBC First Community Bankshares | 0.58% | 538,731 | $20.3M | Reduce -0.7% |
| HAYW Hayward Holdings Inc. | 0.57% | 1,444,205 | $20.1M | Reduce -0.5% |
| CHDN Churchill Downs Inc. | 0.57% | 180,846 | $20.1M | Add +2.1% |
| VVX V2X Inc. | 0.56% | 400,020 | $19.6M | Reduce -0.3% |
| ONTO Onto Innovation Inc. | 0.54% | 157,191 | $19.1M | Reduce -1.3% |
| RRX Regal Rexnord Corp. | 0.54% | 166,856 | $19.0M | Add +0.7% |
| CHCT Community Healthcare Trust I | 0.54% | 1,041,329 | $18.9M | Add +0.5% |
| INMD Inmode Ltd. | 0.53% | 1,049,608 | $18.6M | Add +2.2% |
| MCFT Mastercraft Boat Holdings Inc. | 0.53% | 1,078,836 | $18.6M | Add +0.7% |
| BNL Broadstone Net Lease Inc. | 0.53% | 1,082,066 | $18.4M | Add +1.1% |
| NMRK Newmark Group Inc. Class A | 0.52% | 1,486,736 | $18.1M | Add +0.7% |
| OLED Universal Display Corp. | 0.51% | 129,010 | $18.0M | Add +0.5% |
| MKSI MKS Inc. filed as MKS INSTRS INC | 0.51% | 222,235 | $17.8M | Add +1.2% |
| KRG Kite Realty Group Trust | 0.51% | 792,944 | $17.7M | Reduce -0.2% |
| ICFI Icf International Inc. | 0.51% | 208,720 | $17.7M | Reduce -12.8% |
| EHAB Enhabit Inc. | 0.50% | 2,012,036 | $17.7M | Add +0.8% |
| MTUS Metallus Inc. | 0.50% | 1,308,514 | $17.5M | Add +13.2% |
| VLGEA Village Super Market Class A | 0.50% | 457,556 | $17.4M | Reduce -0.5% |
| UFCS United Fire Group Inc. | 0.49% | 583,334 | $17.2M | Add +5.6% |
| GEF Greif Inc. Class A | 0.49% | 309,717 | $17.0M | Reduce -0.2% |
| AUB Atlantic Union Bankshares Co. | 0.48% | 543,940 | $16.9M | Add +3.7% |
| OCFC Oceanfirst Financial Corp. | 0.47% | 971,994 | $16.5M | Add +0.8% |
| AEO American Eagle Outfitters | 0.47% | 1,420,737 | $16.5M | Reduce -1.0% |
| EFOR Everforth Inc. filed as ASGN INC | 0.47% | 259,972 | $16.4M | Add +1.5% |
| MLR Miller Industries Inc. | 0.46% | 384,618 | $16.3M | Reduce -4.6% |
| COHR Coherent Corp. | 0.46% | 250,588 | $16.3M | Add +1.2% |
| HP Helmerich & Payne | 0.45% | 606,995 | $15.9M | Add +5.9% |
| KALU Kaiser Aluminum Corp. | 0.45% | 261,102 | $15.8M | Add +2.3% |
| UHAL.B U-Haul Holding Co.-Non Voting | 0.45% | 264,412 | $15.6M | Add +0.3% |
| AZTA Azenta Inc. | 0.43% | 440,806 | $15.3M | Reduce -0.8% |
| UBSI United Bankshares Inc. | 0.42% | 423,479 | $14.7M | Add +5.9% |
Portfolio Sells Q4 2024 → Q1 2025
| CMCO Columbus McKinnon Corp. | Reduce -58.2% | 0.17% | −0.62 |
| FIX Comfort Systems USA Inc. | Reduce -20.1% | 0.86% | −0.41 |
| FCNCA First Citizens Bcshs Class A | Reduce -12.8% | 1.39% | −0.23 |
| WSM Williams-Sonoma Inc. | Reduce -19.4% | 0.77% | −0.23 |
| ICFI Icf International Inc. | Reduce -12.8% | 0.51% | −0.22 |
| MLR Miller Industries Inc. | Reduce -4.6% | 0.46% | −0.21 |
| EME Emcor Group Inc. | Reduce -1.1% | 1.64% | −0.18 |
| CCRN Cross Country Healthcare Inc. | Reduce -32.1% | 0.28% | −0.17 |
| PIPR Piper Sandler Cos | Reduce -2.8% | 1.37% | −0.15 |
| AEO American Eagle Outfitters | Reduce -1.0% | 0.47% | −0.14 |
| MRVI Maravai Lifesciences Hldgs-A | Reduce -6.9% | 0.10% | −0.13 |
| ONTO Onto Innovation Inc. | Reduce -1.3% | 0.54% | −0.13 |
| AZTA Azenta Inc. | Reduce -0.8% | 0.43% | −0.13 |
| PII Polaris Inc. | Reduce -18.4% | 0.24% | −0.13 |
| AVUV Avantis US Small Cap Value | Sold out | 0.00% | −0.11 |
| CW Curtiss-Wright Corp. | Reduce -8.0% | 1.17% | −0.10 |
| BLMN Bloomin' Brands Inc. | Reduce -14.6% | 0.11% | −0.09 |
| AXTI Axt Inc. | Sold out | 0.00% | −0.09 |
| SPHR Sphere Entertainment Co. | Reduce -11.3% | 0.30% | −0.07 |
| GVA Granite Construction Inc. | Reduce -1.5% | 1.21% | −0.07 |
| BDN Brandywine Realty Trust | Sold out | 0.00% | −0.06 |
| OC Owens Corning | Reduce -0.6% | 0.88% | −0.06 |
| KBR KBR Inc. | Reduce -1.3% | 1.08% | −0.06 |
| LZB La-Z-Boy Inc. | Reduce -8.3% | 0.60% | −0.05 |
| IWN iShares Russell 2000 Value E | Reduce -59.3% | 0.03% | −0.05 |
| ESLT Elbit Systems Ltd. | Reduce -46.1% | 0.39% | −0.04 |
| WTTR Select Water Solutions Inc. | Reduce -0.2% | 0.30% | −0.04 |
| DK Delek US Holdings Inc. | Reduce -0.3% | 0.39% | −0.04 |
| RDUS Radius Recycling Inc. Class A | Reduce -59.5% | 0.23% | −0.04 |
| DOX Amdocs Ltd. | Reduce -70.9% | 0.02% | −0.04 |
| FSTR Foster (lb) Co. Class A | Sold out | 0.00% | −0.03 |
| TTEK Tetra Tech Inc. | Reduce -0.8% | 0.15% | −0.03 |
| SWKS Skyworks Solutions Inc. | Sold out | 0.00% | −0.03 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -89.1% | 0.00% | −0.03 |
| UCB United Community Banks | Reduce -1.0% | 0.71% | −0.03 |
| SRI Stoneridge Inc. | Sold out | 0.00% | −0.03 |
| GDEN Golden Entertainment Inc. | Reduce -1.6% | 0.27% | −0.02 |
| SAIC Science Applications Inte | Reduce -13.1% | 0.65% | −0.01 |
| MX Magnachip Semiconductor Corp. | Reduce -2.8% | 0.19% | −0.01 |
| HSII Heidrick & Struggles Intl | Reduce -9.6% | 0.61% | −0.01 |
| FCN Fti Consulting Inc. | Reduce -6.0% | 0.12% | −0.01 |
| SF Stifel Financial Corp. | Reduce -0.4% | 1.11% | −0.01 |
| EQT Eqt Corp. | Reduce -50.6% | 0.02% | −0.01 |
| HNI Hni Corp. | Reduce -0.2% | 0.60% | −0.01 |
| RJF Raymond James Financial Inc. | Reduce -8.2% | 0.10% | −0.01 |
| TMHC Taylor Morrison Home Corp. | Sold out | 0.00% | −0.01 |
| IPGP Ipg Photonics Corp. | Reduce -0.6% | 0.23% | −0.01 |
| DKS Dick's Sporting Goods Inc. | Reduce -13.3% | 0.03% | −0.01 |
| KRG Kite Realty Group Trust | Reduce -0.2% | 0.51% | −0.01 |
| MKL Markel Group Inc. | Reduce -19.9% | 0.11% | −0.00 |
Portfolio Buys Q4 2024 → Q1 2025
| NWE Northwestern Energy Group Inc. | Add +0.4% | 1.84% | +0.33 |
| EG Everest Group Ltd. | Add +8.2% | 1.20% | +0.21 |
| NOMD Nomad Foods Ltd. | Add +0.8% | 0.83% | +0.20 |
| PRGO Perrigo Co. PLC | Add +0.7% | 1.05% | +0.19 |
| JAZZ Jazz Pharmaceuticals PLC | Add +2.8% | 1.37% | +0.19 |
| INVA Innoviva Inc. | Add +2.1% | 1.07% | +0.17 |
| MLI Mueller Industries Inc. | Add +1.0% | 2.08% | +0.16 |
| OVV Ovintiv Inc. | Add +1.4% | 0.81% | +0.14 |
| CPRX Catalyst Pharmaceuticals Inc. | New | 0.13% | +0.13 |
| POR Portland General Electric Co. | Add +5.0% | 0.74% | +0.12 |
| DOC Healthpeak Properties Inc. | Add +3.9% | 0.88% | +0.12 |
| LXP LXP Industrial Trust | Add +0.4% | 0.72% | +0.12 |
| EHAB Enhabit Inc. | Add +0.8% | 0.50% | +0.11 |
| SIGI Selective Insurance Group | Add +4.3% | 0.85% | +0.11 |
| INMD Inmode Ltd. | Add +2.2% | 0.53% | +0.09 |
| BNL Broadstone Net Lease Inc. | Add +1.1% | 0.53% | +0.09 |
| IART Integra Lifesciences Holding | Add +8.9% | 0.59% | +0.09 |
| UFCS United Fire Group Inc. | Add +5.6% | 0.49% | +0.09 |
| MTUS Metallus Inc. | Add +13.2% | 0.50% | +0.08 |
| SFD Smithfield Foods Inc. | New | 0.08% | +0.08 |
| DCOM Dime Commercial Bancshares I | Add +7.3% | 0.95% | +0.08 |
| WBS Webster Financial Corp. | Add +1.0% | 1.48% | +0.08 |
| EBC Eastern Bankshares Inc. | Add +3.0% | 0.86% | +0.08 |
| VSH Vishay Intertechnology Inc. | Add +4.0% | 0.69% | +0.06 |
| SUPN Supernus Pharmaceuticals Inc. | Add +46.7% | 0.16% | +0.05 |
| SIMO Silicon Motion Technol-ADR | Add +0.7% | 0.85% | +0.04 |
| CMC Commercial Metals Co. | Add +2.0% | 0.75% | +0.04 |
| HUN Huntsman Corp. | Add +15.0% | 0.33% | +0.04 |
| AMPH Amphastar Pharmaceuticals Inc. | Add +32.5% | 0.27% | +0.04 |
| UBSI United Bankshares Inc. | Add +5.9% | 0.42% | +0.04 |
| PLOW Douglas Dynamics Inc. | Add +10.6% | 0.20% | +0.04 |
| OLED Universal Display Corp. | Add +0.5% | 0.51% | +0.04 |
| NMRK Newmark Group Inc. Class A | Add +0.7% | 0.52% | +0.03 |
| LDOS Leidos Holdings Inc. | Add +0.7% | 0.64% | +0.03 |
| CHCT Community Healthcare Trust I | Add +0.5% | 0.54% | +0.03 |
| UMBF Umb Financial Corp. | Add +3.1% | 0.97% | +0.03 |
| NNN NNN REIT Inc. | Add +38.9% | 0.07% | +0.03 |
| MSGE Madison Square Garden Entert | Add +0.4% | 0.86% | +0.03 |
| OCFC Oceanfirst Financial Corp. | Add +0.8% | 0.47% | +0.03 |
| PRGS Progress Software Corp. | Add +16.2% | 0.94% | +0.03 |
| PERI Perion Network Ltd. | Add +10.0% | 0.17% | +0.03 |
| PDM Piedmont Realty Trust Inc. | Add +20.6% | 0.30% | +0.02 |
| PHM Pultegroup Inc. | Add +1.2% | 0.37% | +0.02 |
| ROCK Gibraltar Industries Inc. | Add +0.1% | 0.19% | +0.02 |
| VC Visteon Corp. | Add +5.0% | 0.62% | +0.02 |
| UHAL.B U-Haul Holding Co.-Non Voting | Add +0.3% | 0.45% | +0.02 |
| HST Host Hotels & Resorts Inc. | Add +31.3% | 0.08% | +0.01 |
| CWBC Community West Bancshares | Add +0.8% | 0.16% | +0.01 |
| WAFD Wafd Inc. | Add +1.7% | 1.25% | +0.01 |
| HOS Hornbeck Offshore Services I | Add +1.6% | 0.70% | +0.01 |
Notes & Other Activity Q4 2024 → Q1 2025
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | Sold out | 231 | $6Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
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 |