Systematic Financial Management Portfolio holdings
Systematic Financial Management is a value-focused stock manager wholly owned, indirectly, by the asset management company Affiliated Managers Group. It has managed money for institutions and private clients since 1982, and its senior managers sit on a committee that controls how it invests and runs the business. Its Free Cash Flow Value approach screens for companies with cheap prices relative to their free cash flow and low debt, then researches the survivors in depth in search of undervalued firms with strong balance sheets. The firm applies it to small cap, small-to-mid cap and mid cap stocks. Its clients include pension plans, mutual funds and union retirement plans.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Teleflex
TFX
|
+$20.1M |
| 2 |
Waystar Holding Corp
WAY
|
+$17.8M |
| 3 |
MasterBrand
MBC
|
+$16.8M |
| 4 |
York Space Systems
YSS
|
+$15.7M |
| 5 |
KBR
KBR
|
+$13.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Coherent
COHR
|
+$59.3M |
| 2 |
Tower Semiconductor
TSEM
|
+$53.6M |
| 3 |
Comfort Systems
FIX
|
+$52.1M |
| 4 |
Silicon Motion
SIMO
|
+$35.3M |
| 5 |
Vishay Intertechnology
VSH
|
+$17.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 19.35% |
| 2 | Technology | 18.24% |
| 3 | Industrials | 15.75% |
| 4 | Healthcare | 10.82% |
| 5 | Consumer Discretionary | 10.64% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
101
Nomad Foods
NOMD
$1.65B
| $18.9M | 0.38% |
1,722,082
-6,129
| -0.4% | -$61K |
2017 Q1
37 quarters
|
|
102
Leidos
LDOS
$16.7B
| $18.7M | 0.37% |
181,965
+33,718
| +23% | +$4.48M |
2016 Q2
40 quarters
|
|
103
Integra LifeSciences
IART
$1.13B
| $18.4M | 0.37% |
1,023,243
-36,043
| -3% | -$504K |
2024 Q1
9 quarters
|
|
104
LSB Industries
LXU
$804M
| $18.1M | 0.36% |
1,671,625
-73,579
| -4% | -$985K |
2022 Q4
14 quarters
|
|
105
Harmonic Inc
HLIT
$1.07B
| $18M | 0.36% |
1,100,266
-37,481
| -3% | -$478K |
2019 Q3
27 quarters
|
|
106
IPG Photonics
IPGP
$2.95B
| $18M | 0.36% |
153,046
+20,662
| +16% | +$2.37M |
2023 Q3
11 quarters
|
|
107
Sonos
SONO
$2B
| $18M | 0.36% |
1,326,786
+19,927
| +2% | +$292K |
2022 Q1
17 quarters
|
|
108
ICF International
ICFI
$1.49B
| $17.8M | 0.35% |
244,388
+27,850
| +13% | +$1.92M |
2016 Q2
40 quarters
|
|
109
Dentsply Sirona
XRAY
$1.93B
| $17.7M | 0.35% |
1,669,715
+487,301
| +41% | +$5.32M |
2026 Q1
1 quarter
|
|
110
Ingles Markets
IMKTA
$1.62B
| $17.7M | 0.35% |
199,726
-9,226
| -4% | -$825K |
2024 Q1
9 quarters
|
|
111
Steven Madden
SHOO
$3.11B
| $17.6M | 0.35% |
417,414
-17,322
| -4% | -$701K |
2013 Q2
52 quarters
|
|
112
Qualys
QLYS
$6.06B
| $17.4M | 0.35% |
126,828
+12,802
| +11% | +$1.26M |
2026 Q1
1 quarter
|
|
113
Centerspace
CSR
$962M
| $17.4M | 0.35% |
310,069
+6,936
| +2% | +$437K |
2025 Q2
4 quarters
|
|
|
114
Waystar Holding Corp
WAY
$5.64B
| $17.4M | 0.35% |
+848,499
| New | +$17.8M |
2026 Q2
0 quarters
|
|
115
Douglas Dynamics
PLOW
$861M
| $17M | 0.34% |
315,094
-10,877
| -3% | -$502K |
2014 Q4
46 quarters
|
|
116
Piedmont Realty Trust
PDM
$1.23B
| $17M | 0.34% |
1,854,766
+187,930
| +11% | +$1.55M |
2013 Q2
52 quarters
|
|
117
Oshkosh
OSK
$8.54B
| $16.8M | 0.33% |
109,236
+8,953
| +9% | +$1.26M |
2021 Q4
18 quarters
|
|
118
Village Super Market
VLGEA
$623M
| $16.7M | 0.33% |
396,509
-8,803
| -2% | -$379K |
2019 Q2
28 quarters
|
|
119
BioMarin Pharmaceuticals
BMRN
$11.1B
| $16.6M | 0.33% |
290,249
+34,895
| +14% | +$1.91M |
2025 Q3
3 quarters
|
|
120
Azenta
AZTA
$1.77B
| $16.6M | 0.33% |
650,055
+92,377
| +17% | +$2.07M |
2013 Q2
52 quarters
|
|
121
Noble Corp
NE
$6.56B
| $15.9M | 0.32% |
425,810
-65,799
| -13% | -$3.15M |
2023 Q2
12 quarters
|
|
122
Gencor Industries
GENC
$253M
| $15.4M | 0.31% |
1,029,810
-19,516
| -2% | -$289K |
2013 Q2
52 quarters
|
|
123
Seadrill
SDRL
$2.69B
| $14.9M | 0.3% |
394,636
-27,733
| -7% | -$1.29M |
2023 Q4
10 quarters
|
|
124
InMode
INMD
$764M
| $14.9M | 0.3% |
1,015,754
-138,703
| -12% | -$1.94M |
2023 Q1
13 quarters
|
|
125
Smithfield Foods
SFD
$7.58B
| $14.8M | 0.29% |
608,400
-33,009
| -5% | -$882K |
2025 Q1
5 quarters
|
|
Similar funds
Systematic Financial Management's Q2 2026 Portfolio in Review
As of Q2 2026, Systematic Financial Management held 256 positions worth $5.02B, up 15% from $4.36B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Systematic Financial Management withdrew a net $176M in Q2 2026, closing 13 positions and reducing 114 holdings. Its most notable exit was American Woodmark, an estimated $15.4M position sold in full.
By sector, the portfolio is most concentrated in Financials at 19% of assets, down from 20% a quarter earlier, followed by Technology and Industrials.
Against the trend, Systematic Financial Management opened a new position in Waystar Holding Corp worth $17.4M.
- Systematic Financial Management's largest Q2 2026 buy was Waystar Holding Corp: 848,499 shares worth $17.4M.
- Systematic Financial Management added most to Teleflex in Q2 2026, an estimated $20.1M increase.
- Systematic Financial Management's biggest Q2 2026 reduction was Coherent, cutting an estimated $59.3M.
- Systematic Financial Management fully exited American Woodmark in Q2 2026, selling an estimated $15.4M.
- Systematic Financial Management's ten largest holdings make up 18% of its $5.02B portfolio in Q2 2026.
- Systematic Financial Management opened 9 new positions and closed 13 in Q2 2026.
- Systematic Financial Management's portfolio value rose 15% quarter-over-quarter to $5.02B.
Based on Systematic Financial Management's 13F filing for Q2 2026, filed 14 Aug 2026.