Systematic Cuts Holdings Across Multiple Stocks

Systematic Financial Management LP continued to trim positions across a mix of financial and tech stocks in the first quarter, reducing Magnolia Oil & Gas by 4.3% to about 2.8 million shares. It also cut Webster Financial by 28.7% to 726,069 shares, leaving the stock as its 16th largest holding. The firm lowered its stake in Eastern Bankshares by 2.9% to 1,847,294 shares, a position valued at roughly $36.1 million. In Cohu, the fund decreased its holding by 9.1% to 1,401,234 shares, roughly 1% of its total holdings. OSI Systems saw a 6.0% reduction to 219,241 shares, making it the 9th largest position at about $58.2 million. The series of reductions underscores an active rebalancing across diverse sectors as Systematic Financial Management LP adjusts its exposure.