Sort of. The system names that are truncated in AD sync to the proper group in SEPM with the truncated name. However, these appear in SEPM as offline with no client installed (no client info populated in SEPM). As well, the fully named system appears in the 'Clients' group and appears as a managed/installed client with all the client info populated.
Due to the disagreement in name between AD (truncated Netbios name) and the computer's full (DNS host) name, it appears to SEPM that there are two clients. The only problem is, one is not in the correct group, and the other is not reported correctly.