Systematic Financial Management LP
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 9, 2026), Systematic Financial Management LP reported 252 stock positions worth $4.2 billion. Its top holding was Mueller Industries (MLI) at 2.2% of the portfolio, followed by Emcor (EME, 1.8%) and Tower Semiconductor (TSEM, 1.8%). Compared with Q3 2025, it opened 13 new positions, sold out of 6, added to 94 and reduced 112. The biggest buy was Biomarin Pharmaceutical (BMRN, shares +2270%) and the biggest sale an exit from Heidrick & Struggles Intl (HSII).
- Most Recent 13F
- Q2 2026
- Location
- TEANECK, NJ
- CIK
- 0001085936
- Portfolio Value
- $4.2B (Q4 2025)
- SEC Filing
- 0001085936-26-000003 ↗ filed Feb 9, 2026
Holdings Value
Holdings 252 stocks · $4.2B
| MLI Mueller Industries Inc. | 2.22% | 819,150 | $94.0M | Reduce -6.6% |
| EME Emcor Group Inc. | 1.84% | 127,809 | $78.2M | Reduce -10.1% |
| TSEM Tower Semiconductor Ltd. | 1.80% | 650,788 | $76.4M | Reduce -13.6% |
| NWE Northwestern Energy Group Inc. | 1.76% | 1,159,753 | $74.9M | Reduce -1.5% |
| JAZZ Jazz Pharmaceuticals PLC | 1.59% | 396,877 | $67.5M | Add +0.6% |
| MGY Magnolia Oil & Gas Corp. Class A | 1.52% | 2,938,904 | $64.3M | Reduce -1.1% |
| WBS Webster Financial Corp. | 1.51% | 1,017,797 | $64.1M | Add +0.3% |
| PIPR Piper Sandler Cos | 1.50% | 187,275 | $63.6M | Reduce -1.1% |
| GVA Granite Construction Inc. | 1.46% | 535,889 | $61.8M | Reduce -3.0% |
| OSIS Osi Systems Inc. | 1.40% | 233,252 | $59.5M | Reduce -9.1% |
| AUB Atlantic Union Bankshares Co. | 1.28% | 1,544,002 | $54.5M | Reduce -0.5% |
| SIMO Silicon Motion Technol-ADR | 1.27% | 582,826 | $54.0M | Reduce -0.9% |
| SF Stifel Financial Corp. | 1.22% | 413,675 | $51.8M | Reduce -0.4% |
| URBN Urban Outfitters Inc. | 1.19% | 669,331 | $50.4M | Reduce -2.2% |
| WAFD Wafd Inc. | 1.18% | 1,557,436 | $49.9M | Add +0.5% |
| ADEA Adeia Inc. | 1.18% | 2,891,131 | $49.9M | Add +27.9% |
| TRST Trustco Bank Corp. NY | 1.14% | 1,172,842 | $48.5M | Reduce -0.7% |
| LYTS Lsi Industries Inc. | 1.10% | 2,553,953 | $46.8M | Reduce -0.5% |
| EHC Encompass Health Corp. | 1.10% | 440,752 | $46.8M | Add +3.6% |
| MSGE Madison Square Garden Entert | 1.10% | 863,872 | $46.6M | Reduce -3.3% |
| FIX Comfort Systems USA Inc. | 1.08% | 49,050 | $45.8M | Reduce -23.9% |
| ANF Abercrombie & Fitch Co. Class A | 1.06% | 358,672 | $45.1M | Reduce -3.0% |
| EXEL Exelixis Inc. | 1.02% | 987,310 | $43.3M | Reduce -9.8% |
| MKSI MKS Inc. | 1.00% | 264,741 | $42.3M | Reduce -0.3% |
| INVA Innoviva Inc. | 1.00% | 2,114,529 | $42.3M | Reduce -0.1% |
| SBRA Sabra Health Care REIT Inc. | 0.99% | 2,212,509 | $41.9M | Reduce -4.0% |
| COHR Coherent Corp. | 0.97% | 222,338 | $41.0M | Reduce -9.7% |
| MSGS Madison Square Garden Sports | 0.95% | 156,489 | $40.5M | Add +3.6% |
| UMBF Umb Financial Corp. | 0.94% | 345,835 | $39.8M | Reduce -0.1% |
| EG Everest Group Ltd. | 0.93% | 116,148 | $39.4M | Reduce -0.2% |
| PFS Provident Financial Services | 0.92% | 1,974,889 | $39.0M | Reduce -1.1% |
| PRGS Progress Software Corp. | 0.92% | 904,918 | $38.9M | Reduce -1.1% |
| REX Rex American Resources Corp. | 0.90% | 1,187,317 | $38.4M | Reduce -10.8% |
| CMC Commercial Metals Co. | 0.89% | 548,320 | $38.0M | Reduce -2.7% |
| FCNCA First Citizens Bcshs Class A | 0.89% | 17,581 | $37.7M | Reduce -14.2% |
| DCOM Dime Commercial Bancshares I filed as DIME CMNTY BANCSHARES INC | 0.88% | 1,245,286 | $37.5M | Reduce -1.9% |
| ORI Old Republic Intl Corp. | 0.87% | 807,191 | $36.8M | Reduce -7.4% |
| COLB Columbia Banking System Inc. | 0.85% | 1,289,461 | $36.0M | Add +0.3% |
| COHU Cohu Inc. | 0.85% | 1,541,082 | $35.9M | Reduce -0.1% |
| EBC Eastern Bankshares Inc. | 0.83% | 1,902,771 | $35.1M | Reduce -1.2% |
| LXP LXP Industrial Trust | 0.76% | 650,129 | $32.2M | No change |
| ANGO Angiodynamics Inc. | 0.76% | 2,504,864 | $32.2M | Reduce -2.5% |
| ONTO Onto Innovation Inc. | 0.73% | 196,798 | $31.1M | Reduce -0.1% |
| POR Portland General Electric Co. | 0.73% | 642,626 | $30.8M | Reduce -1.7% |
| TPR Tapestry Inc. | 0.73% | 241,147 | $30.8M | Reduce -29.4% |
| BBT Beacon Financial Corp. | 0.71% | 1,140,629 | $30.1M | Reduce -0.7% |
| WSM Williams-Sonoma Inc. | 0.71% | 167,847 | $30.0M | Reduce -1.6% |
| KALU Kaiser Aluminum Corp. | 0.70% | 258,210 | $29.7M | Reduce -2.2% |
| FRME First Merchants Corp. | 0.69% | 778,328 | $29.2M | Add +2.1% |
| KBR KBR Inc. | 0.69% | 725,008 | $29.1M | Add +0.3% |
| SPHR Sphere Entertainment Co. | 0.69% | 306,434 | $29.1M | Reduce -11.2% |
| OVV Ovintiv Inc. | 0.68% | 738,330 | $28.9M | Add +9.1% |
| UCB United Community Banks | 0.66% | 900,279 | $28.1M | Reduce -0.0% |
| RRX Regal Rexnord Corp. | 0.66% | 198,564 | $27.9M | Add +0.3% |
| KBH KB Home | 0.65% | 486,571 | $27.4M | Reduce -2.3% |
| SIGI Selective Insurance Group | 0.65% | 327,847 | $27.4M | Reduce -1.3% |
| OC Owens Corning | 0.64% | 244,437 | $27.4M | Add +10.8% |
| NX Quanex Building Products | 0.64% | 1,773,756 | $27.3M | Add +10.3% |
| NMRK Newmark Group Inc. Class A | 0.64% | 1,571,507 | $27.2M | Add +1.2% |
| VC Visteon Corp. | 0.64% | 284,558 | $27.1M | Add +0.2% |
| LDOS Leidos Holdings Inc. | 0.64% | 149,605 | $27.0M | Add +0.3% |
| APLE Apple Hospitality REIT Inc. | 0.63% | 2,262,702 | $26.8M | Reduce -0.5% |
| DOC Healthpeak Properties Inc. | 0.63% | 1,667,139 | $26.8M | Add +6.7% |
| AEO American Eagle Outfitters | 0.63% | 1,010,004 | $26.6M | Reduce -3.1% |
| BNL Broadstone Net Lease Inc. | 0.60% | 1,467,385 | $25.5M | Add +19.3% |
| HNI Hni Corp. | 0.58% | 583,266 | $24.5M | Add +0.4% |
| MTUS Metallus Inc. | 0.56% | 1,390,072 | $23.9M | Reduce -1.6% |
| CHDN Churchill Downs Inc. | 0.55% | 206,591 | $23.5M | Reduce -2.1% |
| ADC Agree Realty Corp. | 0.55% | 325,747 | $23.5M | Add +0.1% |
| VVX V2X Inc. | 0.55% | 429,002 | $23.4M | Add +3.6% |
| EFOR Everforth Inc. filed as ASGN INC | 0.55% | 484,427 | $23.3M | Add +8.6% |
| OLED Universal Display Corp. | 0.54% | 196,515 | $22.9M | Add +40.2% |
| HAYW Hayward Holdings Inc. | 0.53% | 1,468,446 | $22.7M | Add +0.8% |
| UFCS United Fire Group Inc. | 0.53% | 613,873 | $22.3M | Reduce -1.2% |
| VSH Vishay Intertechnology Inc. | 0.53% | 1,538,795 | $22.3M | Reduce -0.9% |
| AMWD American Woodmark Corp. | 0.52% | 407,653 | $22.0M | Reduce -1.0% |
| SPB Spectrum Brands Holdings Inc. | 0.52% | 370,288 | $21.9M | Add +0.1% |
| KRG Kite Realty Group Trust | 0.52% | 911,766 | $21.9M | Add +1.0% |
| OCFC Oceanfirst Financial Corp. | 0.51% | 1,202,031 | $21.6M | Add +8.6% |
| GEF Greif Inc. Class A | 0.51% | 317,491 | $21.5M | Reduce -3.5% |
| LRN Stride Inc. | 0.50% | 329,365 | $21.4M | Add +3.4% |
| LZB La-Z-Boy Inc. | 0.50% | 565,831 | $21.1M | Reduce -1.6% |
| SONO Sonos Inc. | 0.49% | 1,180,099 | $20.7M | Reduce -2.0% |
| CSR Centerspace | 0.48% | 305,533 | $20.4M | Add +19.7% |
| MCFT Mastercraft Boat Holdings Inc. | 0.47% | 1,065,616 | $20.2M | Reduce -1.2% |
| NOMD Nomad Foods Ltd. | 0.47% | 1,603,822 | $20.1M | Add +2.6% |
| SAIC Science Applications Inte | 0.47% | 197,796 | $19.9M | Add +1.8% |
| GPOR Gulfport Energy Corp. | 0.45% | 92,048 | $19.1M | Add +6.1% |
| SHOO Steven Madden Ltd. filed as MADDEN STEVEN LTD | 0.45% | 454,612 | $18.9M | Reduce -9.2% |
| HOS Hornbeck Offshore Services I filed as HELIX ENERGY SOLUTIONS GRP I | 0.44% | 2,997,142 | $18.8M | Reduce -0.9% |
| DK Delek US Holdings Inc. | 0.44% | 628,274 | $18.6M | Reduce -12.5% |
| CHCT Community Healthcare Trust I | 0.43% | 1,123,736 | $18.5M | Add +3.5% |
| FCBC First Community Bankshares | 0.43% | 536,635 | $18.1M | Reduce -1.6% |
| DOO BRP Inc./Ca- Sub Voting | 0.42% | 249,741 | $17.7M | Reduce -0.5% |
| PRGO Perrigo Co. PLC | 0.41% | 1,260,959 | $17.6M | Reduce -5.2% |
| EHAB Enhabit Inc. | 0.41% | 1,902,539 | $17.5M | Reduce -1.8% |
| HP Helmerich & Payne | 0.41% | 610,264 | $17.5M | Reduce -2.3% |
| ESLT Elbit Systems Ltd. | 0.41% | 30,113 | $17.4M | Reduce -8.3% |
| CW Curtiss-Wright Corp. | 0.40% | 30,641 | $16.9M | Reduce -24.7% |
| CPRX Catalyst Pharmaceuticals Inc. | 0.40% | 723,242 | $16.9M | Add +5.5% |
Portfolio Sells Q3 2025 → Q4 2025
| HSII Heidrick & Struggles Intl | Sold out | 0.00% | −0.60 |
| EME Emcor Group Inc. | Reduce -10.1% | 1.84% | −0.40 |
| LYTS Lsi Industries Inc. | Reduce -0.5% | 1.10% | −0.37 |
| PRGO Perrigo Co. PLC | Reduce -5.2% | 0.41% | −0.31 |
| FIX Comfort Systems USA Inc. | Reduce -23.9% | 1.08% | −0.21 |
| TPR Tapestry Inc. | Reduce -29.4% | 0.73% | −0.21 |
| MGY Magnolia Oil & Gas Corp. Class A | Reduce -1.1% | 1.52% | −0.21 |
| OSIS Osi Systems Inc. | Reduce -9.1% | 1.40% | −0.15 |
| AMWD American Woodmark Corp. | Reduce -1.0% | 0.52% | −0.15 |
| CW Curtiss-Wright Corp. | Reduce -24.7% | 0.40% | −0.14 |
| CCRN Cross Country Healthcare Inc. | Reduce -21.6% | 0.10% | −0.14 |
| ITRI Itron Inc. | Reduce -11.4% | 0.24% | −0.14 |
| DK Delek US Holdings Inc. | Reduce -12.5% | 0.44% | −0.12 |
| KBH KB Home | Reduce -2.3% | 0.65% | −0.12 |
| WSM Williams-Sonoma Inc. | Reduce -1.6% | 0.71% | −0.10 |
| PIPR Piper Sandler Cos | Reduce -1.1% | 1.50% | −0.10 |
| PHM Pultegroup Inc. | Reduce -10.3% | 0.33% | −0.10 |
| HUN Huntsman Corp. | Sold out | 0.00% | −0.09 |
| MCFT Mastercraft Boat Holdings Inc. | Reduce -1.2% | 0.47% | −0.09 |
| REX Rex American Resources Corp. | Reduce -10.8% | 0.90% | −0.09 |
| SIMO Silicon Motion Technol-ADR | Reduce -0.9% | 1.27% | −0.08 |
| EXEL Exelixis Inc. | Reduce -9.8% | 1.02% | −0.08 |
| APEI American Public Education | Reduce -19.0% | 0.23% | −0.08 |
| GENC Gencor Industries Inc. | Reduce -3.2% | 0.34% | −0.07 |
| EG Everest Group Ltd. | Reduce -0.2% | 0.93% | −0.06 |
| PRGS Progress Software Corp. | Reduce -1.1% | 0.92% | −0.06 |
| UMBF Umb Financial Corp. | Reduce -0.1% | 0.94% | −0.06 |
| SBRA Sabra Health Care REIT Inc. | Reduce -4.0% | 0.99% | −0.06 |
| GNTX Gentex Corp. | Reduce -1.2% | 0.21% | −0.06 |
| OSUR Orasure Technologies Inc. | Reduce -1.8% | 0.14% | −0.06 |
| VSH Vishay Intertechnology Inc. | Reduce -0.9% | 0.53% | −0.05 |
| SILC Silicom Ltd. | Reduce -0.9% | 0.19% | −0.05 |
| FFIV F5 Inc. | Reduce -18.9% | 0.08% | −0.05 |
| AUB Atlantic Union Bankshares Co. | Reduce -0.5% | 1.28% | −0.05 |
| HELE Helen of Troy Ltd. | Reduce -0.6% | 0.19% | −0.04 |
| CIEN Ciena Corp. | Reduce -56.1% | 0.09% | −0.04 |
| UHAL.B U-Haul Holding Co.-Non Voting | Reduce -2.0% | 0.29% | −0.04 |
| VLGEA Village Super Market Class A | Reduce -2.2% | 0.37% | −0.04 |
| HOS Hornbeck Offshore Services I | Reduce -0.9% | 0.44% | −0.04 |
| DCOM Dime Commercial Bancshares I | Reduce -1.9% | 0.88% | −0.04 |
| INMD Inmode Ltd. | Reduce -4.8% | 0.37% | −0.04 |
| FCBC First Community Bankshares | Reduce -1.6% | 0.43% | −0.03 |
| AMN Amn Healthcare Services Inc. | Reduce -2.9% | 0.11% | −0.03 |
| LUCK Lucky Strike Entertainment C | Reduce -1.7% | 0.12% | −0.03 |
| ORI Old Republic Intl Corp. | Reduce -7.4% | 0.87% | −0.03 |
| APLE Apple Hospitality REIT Inc. | Reduce -0.5% | 0.63% | −0.03 |
| INN Summit Hotel Properties Inc. | Reduce -13.3% | 0.09% | −0.03 |
| ICFI Icf International Inc. | Reduce -0.7% | 0.24% | −0.03 |
| IPGP Ipg Photonics Corp. | Reduce -0.0% | 0.21% | −0.03 |
| SFD Smithfield Foods Inc. | Reduce -0.1% | 0.34% | −0.03 |
Portfolio Buys Q3 2025 → Q4 2025
| BMRN Biomarin Pharmaceutical Inc. | Add +2269.8% | 0.36% | +0.34 |
| FBIN Fortune Brands Innovations I | New | 0.34% | +0.34 |
| JAZZ Jazz Pharmaceuticals PLC | Add +0.6% | 1.59% | +0.33 |
| FLS Flowserve Corp. | New | 0.26% | +0.26 |
| ADEA Adeia Inc. | Add +27.9% | 1.18% | +0.25 |
| MHO M/I Homes Inc. | New | 0.23% | +0.23 |
| CENX Century Aluminum Company | New | 0.15% | +0.15 |
| MSGS Madison Square Garden Sports | Add +3.6% | 0.95% | +0.12 |
| CSR Centerspace | Add +19.7% | 0.48% | +0.12 |
| GDEN Golden Entertainment Inc. | Add +33.0% | 0.30% | +0.10 |
| NX Quanex Building Products | Add +10.3% | 0.64% | +0.09 |
| TTEK Tetra Tech Inc. | Add +56.5% | 0.23% | +0.08 |
| FCN Fti Consulting Inc. | Add +66.9% | 0.17% | +0.07 |
| UTZ Utz Brands Inc. | New | 0.07% | +0.07 |
| GPOR Gulfport Energy Corp. | Add +6.1% | 0.45% | +0.07 |
| CPRX Catalyst Pharmaceuticals Inc. | Add +5.5% | 0.40% | +0.07 |
| BNL Broadstone Net Lease Inc. | Add +19.3% | 0.60% | +0.07 |
| AKAM Akamai Technologies Inc. | Add +626.0% | 0.07% | +0.06 |
| CWBC Community West Bancshares | Add +34.1% | 0.22% | +0.06 |
| ASO Academy Sports & Outdoors Inc. | Add +22.6% | 0.38% | +0.06 |
| BIIB Biogen Inc. | Add +256.3% | 0.07% | +0.05 |
| OLED Universal Display Corp. | Add +40.2% | 0.54% | +0.05 |
| COLB Columbia Banking System Inc. | Add +0.3% | 0.85% | +0.05 |
| SPB Spectrum Brands Holdings Inc. | Add +0.1% | 0.52% | +0.04 |
| WBS Webster Financial Corp. | Add +0.3% | 1.51% | +0.04 |
| EFOR Everforth Inc. | Add +8.6% | 0.55% | +0.04 |
| OCFC Oceanfirst Financial Corp. | Add +8.6% | 0.51% | +0.04 |
| WAFD Wafd Inc. | Add +0.5% | 1.18% | +0.03 |
| CMCO Columbus McKinnon Corp. | Add +12.3% | 0.13% | +0.03 |
| CHCT Community Healthcare Trust I | Add +3.5% | 0.43% | +0.03 |
| CFG Citizens Financial Group | Add +20.7% | 0.14% | +0.03 |
| MGA Magna International Inc. | Add +39.6% | 0.09% | +0.03 |
| ALSN Allison Transmission Holding | Add +52.2% | 0.07% | +0.03 |
| KLIC Kulicke & Soffa Industries | Add +3.5% | 0.25% | +0.03 |
| KRG Kite Realty Group Trust | Add +1.0% | 0.52% | +0.03 |
| AIZ Assurant Inc. | Add +15.1% | 0.12% | +0.02 |
| IWN iShares Russell 2000 Value E | Add +89.4% | 0.05% | +0.02 |
| PLOW Douglas Dynamics Inc. | Add +7.8% | 0.26% | +0.02 |
| RL Ralph Lauren Corp. | Add +17.8% | 0.10% | +0.02 |
| FCX Freeport-McMoran Inc. | Add +80.8% | 0.03% | +0.02 |
| MKL Markel Group Inc. | Add +8.6% | 0.12% | +0.02 |
| FANG Diamondback Energy Inc. | Add +24.8% | 0.09% | +0.02 |
| HIG Hartford Insurance Group Inc. | Add +80.8% | 0.04% | +0.02 |
| HST Host Hotels & Resorts Inc. | Add +21.6% | 0.10% | +0.02 |
| ALGN Align Technology Inc. | New | 0.02% | +0.02 |
| OVV Ovintiv Inc. | Add +9.1% | 0.68% | +0.02 |
| SUPN Supernus Pharmaceuticals Inc. | Add +4.1% | 0.36% | +0.02 |
| GLPI Gaming and Leisure Propertie | Add +181.4% | 0.03% | +0.02 |
| LEA Lear Corp. | Add +19.1% | 0.07% | +0.02 |
| GEHC GE Healthcare Technology | Add +23.4% | 0.07% | +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 |