Systematic Financial Management LP
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Systematic Financial Management LP reported 245 stock positions worth $4.1 billion. Its top holding was Emcor (EME) at 2.2% of the portfolio, followed by Mueller Industries (MLI, 2.2%) and Magnolia Oil & Gas Class A (MGY, 1.7%). Compared with Q2 2025, it opened 3 new positions, sold out of 3, added to 102 and reduced 94. The biggest buy was a new position in Gulfport Energy (GPOR) and the biggest sale Curtiss-Wright (CW, shares −61%).
- Most Recent 13F
- Q2 2026
- Location
- TEANECK, NJ
- CIK
- 0001085936
- Portfolio Value
- $4.1B (Q3 2025)
- SEC Filing
- 0001085936-25-000030 ↗ filed Nov 13, 2025
Holdings Value
Holdings 245 stocks · $4.1B
| EME Emcor Group Inc. | 2.24% | 142,103 | $92.3M | Reduce -8.4% |
| MLI Mueller Industries Inc. | 2.16% | 877,063 | $88.7M | Reduce -7.4% |
| MGY Magnolia Oil & Gas Corp. Class A | 1.73% | 2,972,351 | $71.0M | Reduce -1.4% |
| NWE Northwestern Energy Group Inc. | 1.68% | 1,176,980 | $69.0M | Add +2.8% |
| PIPR Piper Sandler Cos | 1.60% | 189,401 | $65.7M | Reduce -2.8% |
| OSIS Osi Systems Inc. | 1.56% | 256,622 | $64.0M | Reduce -2.3% |
| LYTS Lsi Industries Inc. | 1.47% | 2,566,868 | $60.6M | Reduce -1.0% |
| GVA Granite Construction Inc. | 1.47% | 552,524 | $60.6M | Reduce -2.4% |
| WBS Webster Financial Corp. | 1.47% | 1,015,145 | $60.3M | Add +0.1% |
| SIMO Silicon Motion Technol-ADR | 1.36% | 588,317 | $55.8M | Reduce -1.5% |
| AUB Atlantic Union Bankshares Co. | 1.33% | 1,552,332 | $54.8M | Reduce -1.3% |
| TSEM Tower Semiconductor Ltd. | 1.32% | 753,345 | $54.4M | Reduce -3.4% |
| EHC Encompass Health Corp. | 1.31% | 425,290 | $54.0M | Reduce -5.2% |
| FIX Comfort Systems USA Inc. | 1.29% | 64,484 | $53.2M | Reduce -29.8% |
| JAZZ Jazz Pharmaceuticals PLC | 1.26% | 394,341 | $52.0M | Reduce -2.3% |
| URBN Urban Outfitters Inc. | 1.19% | 684,391 | $48.9M | Reduce -8.1% |
| LRN Stride Inc. | 1.15% | 318,585 | $47.5M | Reduce -12.7% |
| SF Stifel Financial Corp. | 1.15% | 415,249 | $47.1M | Reduce -0.8% |
| WAFD Wafd Inc. | 1.14% | 1,549,397 | $46.9M | Add +0.5% |
| EXEL Exelixis Inc. | 1.10% | 1,095,246 | $45.2M | Reduce -1.8% |
| SBRA Sabra Health Care REIT Inc. | 1.04% | 2,303,714 | $42.9M | Reduce -0.9% |
| TRST Trustco Bank Corp. NY | 1.04% | 1,180,543 | $42.9M | Add +0.5% |
| UMBF Umb Financial Corp. | 1.00% | 346,363 | $41.0M | Reduce -0.2% |
| EG Everest Group Ltd. | 0.99% | 116,349 | $40.7M | Reduce -0.8% |
| REX Rex American Resources Corp. | 0.99% | 1,330,389 | $40.7M | Reduce -4.8% |
| MSGE Madison Square Garden Entert | 0.98% | 893,099 | $40.4M | Reduce -3.4% |
| PRGS Progress Software Corp. | 0.98% | 914,798 | $40.2M | Add +42.0% |
| TPR Tapestry Inc. | 0.94% | 341,696 | $38.7M | Reduce -10.0% |
| INVA Innoviva Inc. | 0.94% | 2,116,365 | $38.6M | Add +2.8% |
| PFS Provident Financial Services | 0.94% | 1,996,454 | $38.5M | Add +0.9% |
| ADEA Adeia Inc. | 0.92% | 2,261,092 | $38.0M | Reduce -1.4% |
| DCOM Dime Commercial Bancshares I filed as DIME CMNTY BANCSHARES INC | 0.92% | 1,269,651 | $37.9M | Add +3.3% |
| ORI Old Republic Intl Corp. | 0.90% | 871,961 | $37.0M | Reduce -4.2% |
| FCNCA First Citizens Bcshs Class A | 0.89% | 20,492 | $36.7M | Reduce -21.6% |
| EBC Eastern Bankshares Inc. | 0.85% | 1,926,229 | $35.0M | Add +1.9% |
| MSGS Madison Square Garden Sports | 0.83% | 151,039 | $34.3M | Add +10.5% |
| KBR KBR Inc. | 0.83% | 722,548 | $34.2M | Reduce -1.1% |
| VC Visteon Corp. | 0.83% | 283,985 | $34.0M | Reduce -0.4% |
| WSM Williams-Sonoma Inc. | 0.81% | 170,489 | $33.3M | Reduce -1.1% |
| COLB Columbia Banking System Inc. | 0.80% | 1,285,186 | $33.1M | Add +8.5% |
| MKSI MKS Inc. | 0.80% | 265,453 | $32.9M | Add +13.8% |
| CMC Commercial Metals Co. | 0.79% | 563,755 | $32.3M | Reduce -0.7% |
| KBH KB Home | 0.77% | 498,248 | $31.7M | Reduce -0.3% |
| ANF Abercrombie & Fitch Co. Class A | 0.77% | 369,809 | $31.6M | Add +3.1% |
| COHU Cohu Inc. | 0.76% | 1,541,877 | $31.3M | Add +49.9% |
| OC Owens Corning | 0.76% | 220,564 | $31.2M | Add +0.4% |
| DOC Healthpeak Properties Inc. | 0.73% | 1,562,754 | $29.9M | Add +0.5% |
| PRGO Perrigo Co. PLC | 0.72% | 1,329,926 | $29.6M | Add +0.3% |
| LXP LXP Industrial Trust | 0.71% | 3,247,561 | $29.1M | Add +7.6% |
| NMRK Newmark Group Inc. Class A | 0.70% | 1,552,269 | $28.9M | Reduce -2.3% |
| POR Portland General Electric Co. | 0.70% | 653,960 | $28.8M | Add +9.4% |
| FRME First Merchants Corp. | 0.70% | 762,042 | $28.7M | Add +0.2% |
| ANGO Angiodynamics Inc. | 0.70% | 2,570,506 | $28.7M | Add +2.4% |
| RRX Regal Rexnord Corp. | 0.69% | 198,042 | $28.4M | Add +19.8% |
| UCB United Community Banks | 0.69% | 900,607 | $28.2M | Add +0.1% |
| LDOS Leidos Holdings Inc. | 0.69% | 149,201 | $28.2M | Reduce -12.7% |
| AMWD American Woodmark Corp. | 0.67% | 411,893 | $27.5M | Add +5.2% |
| OVV Ovintiv Inc. | 0.66% | 677,057 | $27.3M | Reduce -0.8% |
| APLE Apple Hospitality REIT Inc. | 0.66% | 2,273,676 | $27.3M | Add +0.8% |
| BBT Beacon Financial Corp. | 0.66% | 1,148,686 | $27.2M | Add +11.5% |
| HNI Hni Corp. | 0.66% | 580,843 | $27.2M | Add +22.6% |
| SIGI Selective Insurance Group | 0.65% | 332,035 | $26.9M | Add +0.3% |
| COHR Coherent Corp. | 0.64% | 246,228 | $26.5M | Reduce -2.8% |
| ONTO Onto Innovation Inc. | 0.62% | 197,009 | $25.5M | Add +20.1% |
| HSII Heidrick & Struggles Intl | 0.60% | 496,558 | $24.7M | Reduce -0.3% |
| VVX V2X Inc. | 0.58% | 413,913 | $24.0M | Reduce -3.0% |
| VSH Vishay Intertechnology Inc. | 0.58% | 1,553,091 | $23.8M | Add +0.6% |
| MTUS Metallus Inc. | 0.57% | 1,412,074 | $23.3M | Add +0.7% |
| DK Delek US Holdings Inc. | 0.56% | 718,335 | $23.2M | Reduce -21.4% |
| MCFT Mastercraft Boat Holdings Inc. | 0.56% | 1,078,475 | $23.1M | Reduce -0.2% |
| ADC Agree Realty Corp. | 0.56% | 325,592 | $23.1M | Reduce -0.7% |
| NX Quanex Building Products | 0.56% | 1,608,332 | $22.9M | Add +25.4% |
| CW Curtiss-Wright Corp. | 0.54% | 40,683 | $22.1M | Reduce -60.7% |
| HAYW Hayward Holdings Inc. | 0.54% | 1,457,450 | $22.0M | Reduce -0.5% |
| BNL Broadstone Net Lease Inc. | 0.53% | 1,230,171 | $22.0M | Add +10.2% |
| SPHR Sphere Entertainment Co. | 0.52% | 345,023 | $21.4M | Reduce -1.8% |
| EFOR Everforth Inc. filed as ASGN INC | 0.51% | 446,021 | $21.1M | Add +64.3% |
| NOMD Nomad Foods Ltd. | 0.50% | 1,563,018 | $20.6M | Add +3.2% |
| CHDN Churchill Downs Inc. | 0.50% | 210,937 | $20.5M | Reduce -2.3% |
| KALU Kaiser Aluminum Corp. | 0.50% | 264,001 | $20.4M | Add +0.6% |
| OLED Universal Display Corp. | 0.49% | 140,195 | $20.1M | Add +7.1% |
| KRG Kite Realty Group Trust | 0.49% | 902,345 | $20.1M | Add +12.2% |
| HOS Hornbeck Offshore Services I filed as HELIX ENERGY SOLUTIONS GRP I | 0.48% | 3,025,427 | $19.8M | Reduce -0.3% |
| LZB La-Z-Boy Inc. | 0.48% | 575,339 | $19.7M | Add +7.2% |
| GEF Greif Inc. Class A | 0.48% | 329,045 | $19.7M | Add +5.3% |
| OCFC Oceanfirst Financial Corp. | 0.47% | 1,106,970 | $19.4M | Add +12.5% |
| SPB Spectrum Brands Holdings Inc. | 0.47% | 369,903 | $19.4M | Add +1.8% |
| SAIC Science Applications Inte | 0.47% | 194,327 | $19.3M | Reduce -0.9% |
| SONO Sonos Inc. | 0.46% | 1,204,780 | $19.0M | Reduce -0.1% |
| FCBC First Community Bankshares | 0.46% | 545,359 | $19.0M | Add +0.3% |
| UFCS United Fire Group Inc. | 0.46% | 621,092 | $18.9M | Add +2.9% |
| AEO American Eagle Outfitters | 0.43% | 1,042,110 | $17.8M | Reduce -3.4% |
| PHM Pultegroup Inc. | 0.42% | 132,156 | $17.5M | Reduce -2.5% |
| MLR Miller Industries Inc. | 0.42% | 431,426 | $17.4M | Add +11.3% |
| VLGEA Village Super Market Class A | 0.41% | 456,090 | $17.0M | Reduce -0.5% |
| GENC Gencor Industries Inc. | 0.41% | 1,159,320 | $17.0M | Reduce -1.6% |
| INMD Inmode Ltd. | 0.41% | 1,137,422 | $16.9M | Add +4.3% |
| SHOO Steven Madden Ltd. filed as MADDEN STEVEN LTD | 0.41% | 500,684 | $16.8M | Reduce -0.9% |
| ESLT Elbit Systems Ltd. | 0.41% | 32,825 | $16.7M | Reduce -3.5% |
| CHCT Community Healthcare Trust I | 0.40% | 1,085,204 | $16.6M | Add +2.9% |
Portfolio Sells Q2 2025 → Q3 2025
| CW Curtiss-Wright Corp. | Reduce -60.7% | 0.54% | −0.81 |
| FCNCA First Citizens Bcshs Class A | Reduce -21.6% | 0.89% | −0.47 |
| LRN Stride Inc. | Reduce -12.7% | 1.15% | −0.26 |
| URBN Urban Outfitters Inc. | Reduce -8.1% | 1.19% | −0.25 |
| EXEL Exelixis Inc. | Reduce -1.8% | 1.10% | −0.21 |
| MX Magnachip Semiconductor Corp. | Reduce -89.8% | 0.01% | −0.19 |
| EHC Encompass Health Corp. | Reduce -5.2% | 1.31% | −0.15 |
| HUN Huntsman Corp. | Reduce -50.0% | 0.09% | −0.14 |
| EHAB Enhabit Inc. | Reduce -0.2% | 0.38% | −0.12 |
| SAIC Science Applications Inte | Reduce -0.9% | 0.47% | −0.12 |
| KBR KBR Inc. | Reduce -1.1% | 0.83% | −0.10 |
| SBRA Sabra Health Care REIT Inc. | Reduce -0.9% | 1.04% | −0.10 |
| ICFI Icf International Inc. | Reduce -26.2% | 0.27% | −0.10 |
| ITRI Itron Inc. | Reduce -5.3% | 0.38% | −0.09 |
| CHDN Churchill Downs Inc. | Reduce -2.3% | 0.50% | −0.08 |
| MGY Magnolia Oil & Gas Corp. Class A | Reduce -1.4% | 1.73% | −0.08 |
| ADC Agree Realty Corp. | Reduce -0.7% | 0.56% | −0.08 |
| GDEN Golden Entertainment Inc. | Reduce -0.2% | 0.20% | −0.08 |
| EG Everest Group Ltd. | Reduce -0.8% | 0.99% | −0.07 |
| VLGEA Village Super Market Class A | Reduce -0.5% | 0.41% | −0.06 |
| AZTA Azenta Inc. | Reduce -0.0% | 0.32% | −0.06 |
| BLMN Bloomin' Brands Inc. | Reduce -6.8% | 0.10% | −0.04 |
| SFD Smithfield Foods Inc. | Reduce -1.2% | 0.37% | −0.04 |
| LDOS Leidos Holdings Inc. | Reduce -12.7% | 0.69% | −0.03 |
| ORI Old Republic Intl Corp. | Reduce -4.2% | 0.90% | −0.03 |
| GENC Gencor Industries Inc. | Reduce -1.6% | 0.41% | −0.03 |
| OVV Ovintiv Inc. | Reduce -0.8% | 0.66% | −0.03 |
| RL Ralph Lauren Corp. | Reduce -27.8% | 0.07% | −0.02 |
| CF CF Industries Holdings Inc. | Reduce -38.9% | 0.03% | −0.02 |
| INN Summit Hotel Properties Inc. | Reduce -14.2% | 0.12% | −0.02 |
| SDRL Seadrill Limited | Reduce -10.8% | 0.33% | −0.02 |
| HOS Hornbeck Offshore Services I | Reduce -0.3% | 0.48% | −0.02 |
| FIX Comfort Systems USA Inc. | Reduce -29.8% | 1.29% | −0.02 |
| OSIS Osi Systems Inc. | Reduce -2.3% | 1.56% | −0.02 |
| FCN Fti Consulting Inc. | Reduce -8.5% | 0.10% | −0.02 |
| BPRN Princeton Bancorp Inc. | Reduce -1.7% | 0.26% | −0.02 |
| NE Noble Corp. PLC | Reduce -1.6% | 0.37% | −0.02 |
| EMN Eastman Chemical Co. | Reduce -0.7% | 0.05% | −0.02 |
| CTRA Coterra Energy Inc. | Reduce -0.4% | 0.08% | −0.01 |
| SF Stifel Financial Corp. | Reduce -0.8% | 1.15% | −0.01 |
| IWN iShares Russell 2000 Value E | Reduce -33.1% | 0.03% | −0.01 |
| CMCSA Comcast Corp. Class A | Sold out | 0.00% | −0.01 |
| CEG Constellation Energy | Reduce -4.1% | 0.06% | −0.01 |
| HSII Heidrick & Struggles Intl | Reduce -0.3% | 0.60% | −0.01 |
| ELV Elevance Health Inc. | Reduce -11.4% | 0.01% | −0.01 |
| IMKTA Ingles Markets Inc. Class A | Reduce -1.5% | 0.37% | −0.01 |
| FFIV F5 Inc. | Reduce -4.0% | 0.13% | −0.01 |
| DOX Amdocs Ltd. | Reduce -12.8% | 0.01% | −0.01 |
| CWBC Community West Bancshares | Reduce -0.4% | 0.16% | −0.00 |
| FANG Diamondback Energy Inc. | Reduce -0.6% | 0.07% | −0.00 |
Portfolio Buys Q2 2025 → Q3 2025
| GPOR Gulfport Energy Corp. | New | 0.38% | +0.38 |
| COHU Cohu Inc. | Add +49.9% | 0.76% | +0.23 |
| CPRX Catalyst Pharmaceuticals Inc. | Add +252.3% | 0.33% | +0.22 |
| MKSI MKS Inc. | Add +13.8% | 0.80% | +0.18 |
| ONTO Onto Innovation Inc. | Add +20.1% | 0.62% | +0.18 |
| CSR Centerspace | Add +100.5% | 0.37% | +0.16 |
| EFOR Everforth Inc. | Add +64.3% | 0.51% | +0.15 |
| SUPN Supernus Pharmaceuticals Inc. | Add +19.0% | 0.34% | +0.13 |
| AMWD American Woodmark Corp. | Add +5.2% | 0.67% | +0.11 |
| NWE Northwestern Energy Group Inc. | Add +2.8% | 1.68% | +0.11 |
| DOO BRP Inc./Ca- Sub Voting | Add +18.0% | 0.37% | +0.10 |
| HP Helmerich & Payne | Add +0.0% | 0.34% | +0.08 |
| EBC Eastern Bankshares Inc. | Add +1.9% | 0.85% | +0.08 |
| EVRG Evergy Inc. | Add +495.6% | 0.09% | +0.08 |
| MSGS Madison Square Garden Sports | Add +10.5% | 0.83% | +0.07 |
| COLB Columbia Banking System Inc. | Add +8.5% | 0.80% | +0.07 |
| PII Polaris Inc. | Add +0.6% | 0.27% | +0.06 |
| PDM Piedmont Realty Trust Inc. | Add +8.0% | 0.35% | +0.06 |
| OSK Oshkosh Corp. | Add +18.6% | 0.32% | +0.06 |
| KLIC Kulicke & Soffa Industries | Add +28.2% | 0.22% | +0.06 |
| BNL Broadstone Net Lease Inc. | Add +10.2% | 0.53% | +0.06 |
| AMPH Amphastar Pharmaceuticals Inc. | Add +17.8% | 0.27% | +0.05 |
| HELE Helen of Troy Ltd. | Add +59.3% | 0.24% | +0.05 |
| WTTR Select Water Solutions Inc. | Add +4.7% | 0.34% | +0.05 |
| POR Portland General Electric Co. | Add +9.4% | 0.70% | +0.05 |
| RRX Regal Rexnord Corp. | Add +19.8% | 0.69% | +0.05 |
| APEI American Public Education | Add +1.1% | 0.31% | +0.05 |
| LXP LXP Industrial Trust | Add +7.6% | 0.71% | +0.04 |
| HNI Hni Corp. | Add +22.6% | 0.66% | +0.04 |
| DCOM Dime Commercial Bancshares I | Add +3.3% | 0.92% | +0.04 |
| ANGO Angiodynamics Inc. | Add +2.4% | 0.70% | +0.03 |
| CMCO Columbus McKinnon Corp. | Add +64.5% | 0.10% | +0.03 |
| TNK Teekay Tankers Ltd. Class A | Add +0.7% | 0.26% | +0.03 |
| IART Integra Lifesciences Holding | Add +0.3% | 0.37% | +0.02 |
| SILC Silicom Ltd. | Add +4.9% | 0.24% | +0.02 |
| OSUR Orasure Technologies Inc. | Add +13.2% | 0.20% | +0.02 |
| LHX L3HARRIS Technologies Inc. | Add +0.0% | 0.15% | +0.02 |
| MAS Masco Corp. | Add +27.2% | 0.07% | +0.01 |
| BMRN Biomarin Pharmaceutical Inc. | New | 0.01% | +0.01 |
| IPGP Ipg Photonics Corp. | Add +0.0% | 0.24% | +0.01 |
| OCFC Oceanfirst Financial Corp. | Add +12.5% | 0.47% | +0.01 |
| PFS Provident Financial Services | Add +0.9% | 0.94% | +0.01 |
| DHI D.R. Horton Inc. | Add +1.7% | 0.05% | +0.01 |
| ASO Academy Sports & Outdoors Inc. | Add +1.1% | 0.32% | +0.01 |
| DAL Delta Air Lines Inc. | New | 0.01% | +0.01 |
| KLAC KLA Corp. | Add +0.2% | 0.08% | +0.01 |
| MGA Magna International Inc. | Add +0.1% | 0.06% | +0.01 |
| KRG Kite Realty Group Trust | Add +12.2% | 0.49% | +0.00 |
| CCRN Cross Country Healthcare Inc. | Add +2.0% | 0.24% | +0.00 |
| OMCL Omnicell Inc. | Add +8.3% | 0.09% | +0.00 |
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 |