Institution

Systematic Financial Management LP

13F for the quarter to June 30, 2026, filed August 14, 2026 · SEC CIK 1085936

Reported value: $5.0bn
Positions we cover: 232
Copy, a year: +12.3%
Copy Sharpe ratio: 0.58

How copying its 13F would have done

CopyS&P 500 $10,000 copying Systematic Financial Management LP's filed holdings in companies we cover from August 9, 2013, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −43.8% (S&P 500 −31.8%); beta 1.09; alpha −1.7% a year (t = −0.57); last 12 months +30.4% against +12.1%.

Reported value by quarter

Systematic Financial Management LP: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).

View chart data

Period	Reported value
2013-06-30	$11.7B
2013-09-30	$12.6B
2013-12-31	$13.6B
2014-03-31	$14.6B
2014-06-30	$14.6B
2014-09-30	$13.7B
2014-12-31	$13.5B
2015-03-31	$12.7B
2015-06-30	$11.7B
2015-09-30	$9.4B
2015-12-31	$9.1B
2016-03-31	$8B
2016-06-30	$7.3B
2016-09-30	$7.1B
2016-12-31	$6.3B
2017-03-31	$5.6B
2017-06-30	$5.4B
2017-09-30	$4.9B
2017-12-31	$5B
2018-03-31	$4.5B
2018-06-30	$4.1B
2018-09-30	$4.1B
2018-12-31	$3.3B
2019-03-31	$2.9B
2019-06-30	$2.6B
2019-09-30	$2.2B
2019-12-31	$2.6B
2020-03-31	$1.6B
2020-06-30	$1.9B
2020-09-30	$1.8B
2020-12-31	$2.3B
2021-03-31	$2.7B
2021-06-30	$3.3B
2021-09-30	$3.2B
2021-12-31	$3.4B
2022-03-31	$3.2B
2022-06-30	$2.9B
2022-09-30	$2.7B
2022-12-31	$3.1T
2023-03-31	$3.1B
2023-06-30	$3.2B
2023-09-30	$3.1B
2023-12-31	$3.4B
2024-03-31	$3.6B
2024-06-30	$3.3B
2024-09-30	$3.9B
2024-12-31	$3.9B
2025-03-31	$3.5B
2025-06-30	$3.7B
2025-09-30	$4.1B
2025-12-31	$4.2B
2026-03-31	$4.4B
2026-06-30	$5B

Holdings and moves

Company	Share of portfolio	Value	Shares	Change in shares
SIMOSilicon Motion Technology Corp	2.35%	$118.1m	354.2K	−30.1% Reduced
MLIMueller Industries Inc	1.88%	$94.2m	766.0K	−2.4% Reduced
JAZZJazz Pharmaceuticals plc	1.82%	$91.3m	378.7K	−7.0% Reduced
COHUCohu Inc	1.73%	$86.8m	1.17M	−16.2% Reduced
MKSIMKS Inc	1.70%	$85.4m	192.0K	−20.7% Reduced
TSEMTower Semiconductor LTD	1.69%	$84.7m	325.2K	−40.8% Reduced
EMEEmcor	1.63%	$81.8m	98.6K	−13.9% Reduced
ADEAAdeia Inc.	1.63%	$81.6m	2.48M	−7.7% Reduced
GVAGranite Construction Inc	1.62%	$81.4m	514.9K	−2.0% Reduced
NWENorthwestern Energy Group, Inc.	1.60%	$80.4m	1.12M	−0.9% Reduced
MGYMagnolia Oil & Gas Corp	1.42%	$71.0m	2.78M	−1.3% Reduced
LYTSLSI Industries Inc	1.26%	$63.2m	2.38M	−5.0% Reduced
MSGEMadison Square Garden Entertainment Corp.	1.24%	$62.2m	768.7K	−3.3% Reduced
AUBAtlantic Union Bankshares Corp	1.23%	$61.6m	1.46M	−5.0% Reduced
MSGSMadison Square Garden Sports Corp.	1.22%	$61.1m	152.2K	−1.5% Reduced
TRSTTrustco Bank Corp N Y	1.20%	$60.5m	1.10M	−5.5% Reduced
WAFDWafd Inc	1.19%	$59.8m	1.56M	+1.3% Added
VSHVishay Intertechnology Inc	1.14%	$57.0m	1.06M	−28.9% Reduced
PIPRPiper Sandler Companies	1.02%	$51.1m	706.9K	−2.1% Reduced
SPHRSphere Entertainment Co.	1.00%	$50.1m	289.7K	−2.6% Reduced
UMBFUMB Financial Corp	0.96%	$48.5m	339.5K	−2.0% Reduced
DCOMDime Commercial Bancshares, Inc.	0.96%	$48.3m	1.19M	−1.8% Reduced
OSISOSI Systems Inc	0.94%	$47.3m	216.1K	−1.4% Reduced
RRXRegal Rexnord Corp	0.94%	$47.1m	197.8K	+2.1% Added
REXREX American Resources Corp	0.93%	$46.8m	1.04M	−6.5% Reduced
URBNUrban Outfitters Inc	0.93%	$46.6m	658.1K	−1.6% Reduced
ONTOOnto Innovation Inc.	0.92%	$46.2m	122.1K	−31.5% Reduced
INVAInnoviva, Inc.	0.92%	$46.0m	2.02M	0.0%
KALUKaiser Aluminum Corp	0.91%	$45.4m	232.2K	−4.4% Reduced
EHCEncompass Health Corp	0.89%	$44.8m	443.1K	−0.7% Reduced
PFSProvident Financial Services Inc	0.88%	$44.3m	1.87M	−4.3% Reduced
SFStifel Financial Corp	0.86%	$43.1m	617.9K	+0.2%
SBRASabra Health Care Reit, Inc.	0.83%	$41.5m	2.13M	−1.3% Reduced
COLBColumbia Banking System, Inc.	0.82%	$41.3m	1.29M	−3.9% Reduced
EGEverest Group	0.81%	$40.9m	114.4K	−4.6% Reduced
DOCHealthpeak Properties	0.79%	$39.6m	1.85M	+0.5%
EBCEastern Bankshares, Inc.	0.79%	$39.4m	1.77M	−4.1% Reduced
VCVisteon Corp	0.77%	$38.8m	391.1K	+21.2% Added
KBRKBR, Inc.	0.77%	$38.5m	1.11M	+54.2% Added
WSMWilliams-Sonoma, Inc.	0.77%	$38.5m	165.0K	+0.3%
FRMEFirst Merchants Corp	0.74%	$37.2m	850.4K	−1.3% Reduced
PORPortland General Electric Co	0.73%	$36.9m	711.8K	+13.1% Added
FCNCAFirst Citizens Bancshares Inc	0.73%	$36.5m	17.5K	+4.8% Added
APLEApple Hospitality Reit, Inc.	0.71%	$35.9m	2.14M	−3.3% Reduced
OCOwens Corning	0.71%	$35.8m	225.3K	−6.0% Reduced
EXELExelixis, Inc.	0.70%	$35.4m	650.0K	−8.3% Reduced
LXPLXP Industrial Trust	0.69%	$34.6m	642.3K	0.0%
ANGOAngiodynamics Inc	0.68%	$34.3m	2.64M	+7.6% Added
TPRTapestry, Inc.	0.68%	$34.1m	233.2K	−0.1%
NXQuanex Building Products Corp	0.67%	$33.8m	1.82M	+2.2% Added
OVVOvintiv Inc.	0.67%	$33.8m	641.2K	−11.0% Reduced
SIGISelective Insurance Group Inc	0.66%	$33.1m	341.0K	+3.5% Added
CMCCommercial Metals Co	0.66%	$32.9m	524.0K	−0.8% Reduced
BBTBeacon Financial Corp	0.64%	$32.3m	1.06M	−6.0% Reduced
VVXV2x, Inc.	0.62%	$31.1m	416.4K	−1.1% Reduced
SPBSpectrum Brands Holdings, Inc.	0.61%	$30.9m	360.0K	−0.4%
ANFAbercrombie & Fitch Co	0.61%	$30.8m	342.7K	−2.1% Reduced
UFCSUnited Fire Group Inc	0.61%	$30.6m	582.9K	−4.8% Reduced
UCBUnited Community Banks Inc	0.61%	$30.6m	871.0K	−0.8% Reduced
ORIOLD Republic International Corp	0.60%	$30.3m	740.9K	−5.7% Reduced
OCFCOceanfirst Financial Corp	0.59%	$29.6m	1.52M	+9.7% Added
LRNStride, Inc.	0.58%	$29.4m	340.6K	+4.0% Added
DKDelek US Holdings, Inc.	0.58%	$29.1m	572.5K	−6.3% Reduced
GPORGulfport Energy Corp	0.58%	$29.0m	171.0K	+68.1% Added
PRGSProgress Software Corp	0.58%	$28.9m	861.5K	−2.6% Reduced
BNLBroadstone Net Lease, Inc.	0.57%	$28.7m	1.39M	−3.9% Reduced
KBHKB Home	0.56%	$28.2m	450.0K	−4.5% Reduced
HOSHornbeck Offshore Services, Inc.	0.56%	$27.9m	3.19M	+7.8% Added
MCFTMastercraft Boat Holdings, Inc.	0.55%	$27.6m	1.07M	+1.4% Added
NMRKNewmark Group, Inc.	0.54%	$27.3m	1.81M	+6.7% Added
HAYWHayward Holdings, Inc.	0.53%	$26.8m	1.55M	+6.3% Added
MTUSMetallus Inc.	0.53%	$26.8m	1.43M	+5.1% Added
WTTRSelect Water Solutions, Inc.	0.51%	$25.5m	1.28M	−1.5% Reduced
ITRIItron, Inc.	0.51%	$25.4m	293.7K	+51.3% Added
KLICKulicke & Soffa Industries Inc	0.50%	$25.2m	188.7K	−14.8% Reduced
HNIHNI Corp	0.50%	$25.1m	620.3K	+8.4% Added
SAICScience Applications International Corp	0.49%	$24.8m	224.2K	+23.2% Added
SILCSilicom LTD.	0.48%	$24.3m	506.5K	−5.8% Reduced
LZBLa-z-boy Inc	0.48%	$24.0m	597.8K	+1.0% Added
KRGKite Realty Group Trust	0.48%	$24.0m	844.6K	−4.7% Reduced
YSSYork Space Systems Inc.	0.47%	$23.7m	961.2K	+110.4% Added
MLRMiller Industries Inc	0.47%	$23.6m	461.0K	+3.3% Added
ADCAgree Realty Corp	0.46%	$23.2m	305.9K	−4.3% Reduced
NHCNational Healthcare Corp	0.46%	$23.1m	109.1K	−6.2% Reduced
FCBCFirst Community Bankshares Inc	0.45%	$22.8m	512.6K	−2.9% Reduced
SUPNSupernus Pharmaceuticals, Inc.	0.44%	$22.1m	474.1K	+26.1% Added
TFXTeleflex Inc	0.44%	$22.0m	173.4K	+979.1% Added
CHCTCommunity Healthcare Trust Inc	0.43%	$21.6m	1.18M	+5.2% Added
GEFGreif, Inc	0.42%	$21.3m	285.6K	−4.7% Reduced
DRHDiamondrock Hospitality Co	0.42%	$21.3m	1.75M	+0.3%
AEOAmerican Eagle Outfitters Inc	0.41%	$20.8m	1.21M	+20.2% Added
MBCMasterbrand, Inc.	0.41%	$20.3m	1.97M	New
HPHelmerich & Payne, Inc.	0.40%	$20.3m	619.4K	+4.9% Added
AYIAcuity Inc. (de)	0.40%	$19.9m	52.7K	+63.1% Added
CHDNChurchill Downs Inc	0.40%	$19.8m	221.0K	+0.6% Added
FBINFortune Brands Innovations, Inc.	0.39%	$19.4m	353.6K	+21.2% Added
OLEDUniversal Display Corp \pa\	0.38%	$19.3m	222.8K	+15.6% Added
UBSIUnited Bankshares Inc	0.38%	$19.1m	416.1K	−3.7% Reduced
NOMDNomad Foods Ltd	0.38%	$18.9m	1.72M	−0.4%
LDOSLeidos	0.37%	$18.7m	182.0K	+22.7% Added
IARTIntegra Lifesciences Holdings Corp	0.37%	$18.4m	1.02M	−3.4% Reduced
LXULSB Industries, Inc.	0.36%	$18.1m	1.67M	−4.2% Reduced
HLITHarmonic Inc.	0.36%	$18.0m	1.10M	−3.3% Reduced
IPGPIPG Photonics Corp	0.36%	$18.0m	153.0K	+15.6% Added
SONOSonos Inc	0.36%	$18.0m	1.33M	+1.5% Added
ICFIICF International, Inc.	0.35%	$17.8m	244.4K	+12.9% Added
XRAYDentsply Sirona Inc.	0.35%	$17.7m	1.67M	+41.2% Added
IMKTAIngles Markets Inc	0.35%	$17.7m	199.7K	−4.4% Reduced
SHOOSteven Madden, LTD.	0.35%	$17.6m	417.4K	−4.0% Reduced
QLYSQualys, Inc.	0.35%	$17.4m	126.8K	+11.2% Added
CSRCenterspace	0.35%	$17.4m	310.1K	+2.3% Added
WAYWaystar Holding Corp.	0.35%	$17.4m	848.5K	New
PLOWDouglas Dynamics, Inc	0.34%	$17.0m	315.1K	−3.3% Reduced
PDMPiedmont Realty Trust, Inc.	0.34%	$17.0m	1.85M	+11.3% Added
OSKOshkosh Corp	0.33%	$16.8m	109.2K	+8.9% Added
VLGEAVillage Super Market Inc	0.33%	$16.7m	396.5K	−2.2% Reduced
BMRNBiomarin Pharmaceutical Inc	0.33%	$16.6m	290.2K	+13.7% Added
AZTAAzenta, Inc.	0.33%	$16.6m	650.1K	+16.6% Added
NENoble Corp plc	0.32%	$15.9m	425.8K	−13.4% Reduced
GENCGencor Industries Inc	0.31%	$15.4m	1.03M	−1.9% Reduced
SDRLSeadrill Ltd	0.30%	$14.9m	394.6K	−6.6% Reduced
INMDInmode Ltd.	0.30%	$14.9m	1.02M	−12.0% Reduced
SFDSmithfield Foods Inc	0.29%	$14.8m	608.4K	−5.1% Reduced
TTEKTetra Tech Inc	0.28%	$13.9m	481.1K	+67.8% Added
CWBCCommunity West Bancshares	0.27%	$13.4m	500.2K	+21.8% Added
GNTXGentex Corp	0.26%	$13.3m	524.6K	+44.0% Added
AMNAMN Healthcare Services Inc	0.26%	$13.2m	406.7K	+9.2% Added
ASOAcademy Sports & Outdoors, Inc.	0.26%	$13.1m	277.2K	−11.6% Reduced
OSUROrasure Technologies Inc	0.25%	$12.7m	2.86M	+15.2% Added
EFOREverforth Inc	0.25%	$12.7m	711.5K	+30.7% Added
UTZUtz Brands, Inc.	0.25%	$12.6m	1.64M	+93.0% Added
CERTCertara, Inc.	0.25%	$12.4m	1.89M	New
APEIAmerican Public Education Inc	0.24%	$12.1m	225.4K	−7.8% Reduced
PRGOPerrigo Co plc	0.24%	$12.0m	1.16M	−8.3% Reduced
FLSFlowserve Corp	0.24%	$11.9m	160.8K	+2.7% Added
PIIPolaris Inc.	0.23%	$11.7m	171.4K	−8.8% Reduced
CENXCentury Aluminum Co	0.23%	$11.6m	252.2K	+59.9% Added
VNTVontier Corp	0.21%	$10.4m	359.9K	New
MRVIMaravai Lifesciences Holdings, Inc.	0.21%	$10.4m	1.67M	+12.2% Added
FDSFactset Research Systems Inc	0.19%	$9.5m	41.4K	−4.7% Reduced
PERIPerion Network Ltd.	0.18%	$9.0m	932.1K	+7.3% Added
FFIVF5, Inc.	0.18%	$8.9m	21.4K	+29.6% Added
AMPHAmphastar Pharmaceuticals, Inc.	0.18%	$8.8m	437.4K	−3.4% Reduced
KVHIKVH Industries Inc \de\	0.17%	$8.7m	872.9K	−3.7% Reduced
LHXL3Harris	0.17%	$8.4m	28.8K	+29.7% Added
AKAMAkamai Technologies	0.16%	$8.1m	68.5K	+41.4% Added
CFGCitizens Financial Group	0.16%	$8.0m	114.0K	+16.3% Added
FCNFTI Consulting, Inc	0.16%	$7.9m	53.3K	+31.7% Added
HWCHancock Whitney Corp	0.16%	$7.8m	104.5K	−4.4% Reduced
BPRNPrinceton Bancorp, Inc.	0.15%	$7.6m	201.5K	−15.6% Reduced

Company	Bought (value)	Shares
MBCMasterbrand, Inc.	$20.3m	1.97M
TFXTeleflex Inc	$19.9m	157.3K
WAYWaystar Holding Corp.	$17.4m	848.5K
KBRKBR, Inc.	$13.5m	391.5K
YSSYork Space Systems Inc.	$12.4m	504.3K
CERTCertara, Inc.	$12.4m	1.89M
GPORGulfport Energy Corp	$11.8m	69.3K
VNTVontier Corp	$10.4m	359.9K
ITRIItron, Inc.	$8.6m	99.6K
AYIAcuity Inc. (de)	$7.7m	20.4K
MTDRMatador Resources Co	$7.1m	143.5K
VCVisteon Corp	$6.8m	68.4K
KWRQuaker Chemical Corp	$6.7m	42.2K
UTZUtz Brands, Inc.	$6.1m	789.7K
TTEKTetra Tech Inc	$5.6m	194.4K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Sold (value)	Shares
COHRCoherent Corp.	−$66.1m	−167.6K
TSEMTower Semiconductor LTD	−$58.3m	−223.7K
FIXComfort Systems USA	−$56.9m	−28.7K
SIMOSilicon Motion Technology Corp	−$50.8m	−152.5K
VSHVishay Intertechnology Inc	−$23.2m	−431.6K
MKSIMKS Inc	−$22.2m	−50.0K
ONTOOnto Innovation Inc.	−$21.3m	−56.2K
COHUCohu Inc	−$16.8m	−227.1K
CWCurtiss Wright Corp	−$16.0m	−21.1K
EMEEmcor	−$13.2m	−15.9K
PHMPulteGroup	−$8.4m	−61.2K
TNKTeekay Tankers LTD.	−$8.3m	−127.6K
JAZZJazz Pharmaceuticals plc	−$6.8m	−28.4K
ADEAAdeia Inc.	−$6.8m	−207.3K
MXLMaxlinear, Inc	−$6.3m	−49.0K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Value last quarter	Shares
KLACKLA Corporation	$2.8m	1.9K
CIENCiena	$2.7m	7.0K
CBRLCracker Barrel OLD Country Store, Inc	$618,561	22.0K
IPInternational Paper	$253,470	7.1K
ESLTElbit Systems LTD	$49,458	58
SLVMSylvamo Corp	$27,245	645
OXYOccidental Petroleum	$15,015	231
OGNOrganon & Co.	$4,373	730

Financials18.8%
Technology18.1%
Industrials17.2%
Health Care10.3%
Consumer Discretionary9.4%
Real Estate7.2%
Energy6.7%
Communication Services3.7%
Materials3.5%
Utilities2.7%
Consumer Staples2.3%

Share of the value held in companies we cover, by sector.

Period	Copy, a year	S&P 500	Sharpe	S&P 500	Biggest drop	Beta
Whole backtestAugust 9, 2013 to November 2, 2026	+12.3%	+13.9%	0.58	0.77	−43.8%	1.09
2018 onwardsJanuary 5, 2018 to November 2, 2026	+10.6%	+13.9%	0.43	0.66	−43.8%	1.07
Last three yearsNovember 3, 2023 to November 2, 2026	+19.8%	+21.8%	0.87	1.16	−23.4%	0.88
Last yearNovember 7, 2025 to November 2, 2026	+31.0%	+14.2%	1.71	0.84	−9.7%	0.59

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.