SYSTEMATIC FINANCIAL MANAGEMENT LP
Long book
$4.36B
Q1 2026
Positions
247
Top-10 weight
17%
concentration
Last quarter
+16.4%
SPY +14.8%
Turnover
8%
of book per quarter
Strategy in plain words
auto-generated from filingsSYSTEMATIC FINANCIAL MANAGEMENT LP is an institutional manager, running a $4.36B US long book across 247 positions.
The portfolio is broadly diversified across 247 positions (top 10 only 17%). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: TOWER SEMICONDUCTOR LTD, MAGNOLIA OIL & GAS CORP - A, MUELLER INDUSTRIES INC, EMCOR GROUP INC, JAZZ PHARMACEUTICALS PLC.
Over the last 9 quarters its long book ran on average 0.2pp per quarter behind the S&P 500, beating the index in 5 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-3.3%
Q2 2024
+7.5%
Q3 2024
-0.8%
Q4 2024
-9.0%
Q1 2025
+5.8%
Q2 2025
+10.4%
Q3 2025
+4.4%
Q4 2025
+7.7%
Q1 2026
+16.4%
Sector allocation
Industrials 22%
Financials 21%
Technology 13%
Healthcare 10%
Services media 8%
Energy 7%
Other 7%
Consumer discretionary 4%
Long book by quarter
What does SYSTEMATIC FINANCIAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| TSEM TOWER SEMICONDUCTOR LTD | Technology | 548.9K | $96.3M | 2.2% | -15.7% |
| MGY MAGNOLIA OIL & GAS CORP - A | Energy | 2.8M | $88.8M | 2.0% | -4.3% |
| MLI MUELLER INDUSTRIES INC | Industrials | 784.7K | $86.9M | 2.0% | -4.2% |
| EME EMCOR GROUP INC | Industrials | 114.5K | $84.5M | 1.9% | -10.4% |
| JAZZ JAZZ PHARMACEUTICALS PLC | Healthcare | 407.1K | $77.0M | 1.8% | +2.6% |
| NWE NORTHWESTERN ENERGY GROUP IN | Utilities | 1.1M | $74.6M | 1.7% | -2.4% |
| ADEA ADEIA INC | Communications | 2.7M | $64.5M | 1.5% | -7.1% |
| GVA GRANITE CONSTRUCTION INC | Industrials | 525.3K | $63.0M | 1.4% | -2.0% |
| OSIS OSI SYSTEMS INC | Technology | 219.2K | $58.2M | 1.3% | -6.0% |
| MKSI MKS INC | Technology | 242.1K | $55.6M | 1.3% | -8.6% |
| PIPR PIPER SANDLER COS | Financials | 722.0K | $55.3M | 1.3% | New |
| AUB ATLANTIC UNION BANKSHARES CO | Financials | 1.5M | $54.8M | 1.3% | -0.7% |
| TRST TRUSTCO BANK CORP NY | Financials | 1.2M | $51.0M | 1.2% | -0.7% |
| REX REX AMERICAN RESOURCES CORP | Other | 1.1M | $50.5M | 1.2% | -6.6% |
| WBS WEBSTER FINANCIAL CORP | Financials | 726.1K | $50.4M | 1.2% | -28.7% |
| MSGS MADISON SQUARE GARDEN SPORTS | Services media | 154.5K | $49.7M | 1.1% | -1.3% |
| WAFD WAFD INC | Financials | 1.5M | $48.3M | 1.1% | -1.2% |
| INVA INNOVIVA INC | Healthcare | 2.0M | $47.2M | 1.1% | -4.3% |
| MSGE MADISON SQUARE GARDEN ENTERT | Services media | 795.2K | $46.8M | 1.1% | -7.9% |
| LYTS LSI INDUSTRIES INC | Industrials | 2.5M | $46.6M | 1.1% | -2.0% |
| SF STIFEL FINANCIAL CORP | Financials | 616.8K | $45.6M | 1.0% | +49.1% |
| EHC ENCOMPASS HEALTH CORP | Healthcare | 446.4K | $43.2M | 1.0% | +1.3% |
| COHU COHU INC | Technology | 1.4M | $42.9M | 1.0% | -9.1% |
| OVV OVINTIV INC | Energy | 720.7K | $42.8M | 1.0% | -2.4% |
| URBN URBAN OUTFITTERS INC | Consumer discretionary | 668.7K | $42.4M | 1.0% | -0.1% |
| FIX COMFORT SYSTEMS USA INC | Industrials | 30.2K | $41.6M | 1.0% | -38.5% |
| PFS PROVIDENT FINANCIAL SERVICES | Financials | 2.0M | $41.4M | 0.9% | -0.9% |
| DCOM DIME COMMERCIAL BANCSHARES I | Financials | 1.2M | $40.9M | 0.9% | -2.8% |
| COHR COHERENT CORP | Other | 170.7K | $40.7M | 0.9% | -23.2% |
| EG EVEREST GROUP LTD | Financials | 120.0K | $39.2M | 0.9% | +3.3% |
| UMBF UMB FINANCIAL CORP | Financials | 346.4K | $39.1M | 0.9% | +0.2% |
| COLB COLUMBIA BANKING SYSTEM INC | Financials | 1.3M | $36.8M | 0.8% | +4.0% |
| ONTO ONTO INNOVATION INC | Other | 178.3K | $36.6M | 0.8% | -9.4% |
| RRX REGAL REXNORD CORP | Industrials | 193.8K | $36.3M | 0.8% | -2.4% |
| EBC EASTERN BANKSHARES INC | Financials | 1.8M | $36.1M | 0.8% | -2.9% |
| SPHR SPHERE ENTERTAINMENT CO | Services media | 297.5K | $34.9M | 0.8% | -2.9% |
| BBT BEACON FINANCIAL CORP | Financials | 1.1M | $33.8M | 0.8% | -1.1% |
| FRME FIRST MERCHANTS CORP | Financials | 862.0K | $33.4M | 0.8% | +10.7% |
| POR PORTLAND GENERAL ELECTRIC CO | Utilities | 629.3K | $33.2M | 0.8% | -2.1% |
| TPR TAPESTRY INC | Other | 233.4K | $32.9M | 0.8% | -3.2% |
| CMC COMMERCIAL METALS CO | Industrials | 528.2K | $32.4M | 0.7% | -3.7% |
| ANF ABERCROMBIE & FITCH CO-CL A | Consumer discretionary | 349.9K | $32.0M | 0.7% | -2.4% |
| NX QUANEX BUILDING PRODUCTS | Industrials | 1.8M | $31.9M | 0.7% | +0.1% |
| FCNCA FIRST CITIZENS BCSHS -CL A | Financials | 16.7K | $31.5M | 0.7% | -4.8% |
| ORI OLD REPUBLIC INTL CORP | Financials | 785.8K | $31.4M | 0.7% | -2.7% |
| EXEL EXELIXIS INC | Healthcare | 709.1K | $30.4M | 0.7% | -28.2% |
| WSM WILLIAMS-SONOMA INC | Consumer discretionary | 164.5K | $30.0M | 0.7% | -2.0% |
| VC VISTEON CORP | Industrials | 322.7K | $29.4M | 0.7% | +13.4% |
| KALU KAISER ALUMINUM CORP | Industrials | 243.0K | $29.3M | 0.7% | -5.9% |
| HLX HELIX ENERGY SOLUTIONS GROUP | Energy | 3.0M | $29.3M | 0.7% | -1.3% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 13, 2026 | 408 | $4.36B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 9, 2026 | 410 | $4.24B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 398 | $4.11B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 398 | $3.75B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 397 | $3.51B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 405 | $3.93B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 491 | $3.93B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 16, 2024 | 400 | $3.29B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 403 | $3.58B | canonical | SEC ↗ |
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