Magnetically sensitive shape memory poly(styrene-b-butadiene-b-styrene) copolymer (SBS)/liner low density polyethylene (LLDPE) composites filled with various contents of Fe 3 O 4 nanoparticles were prepared. The influence of the Fe 3 O 4 nanoparticles content on the thermal properties, mechanical properties, fracture morphology, magnetic behavior, and shape memory effect of SBS/LLDPE/Fe 3 O 4 composites was systematically studied in this paper. The results indicated that homogeneously dispersed Fe 3 O 4 nanoparticles ensured the uniform heat generation and transfer in the alternating magnetic field, and endowed the SBS/LLDPE/Fe 3 O 4 composites with an excellent magnetically responsive shape memory effect. When the shape memory composites were in the alternating magnetic field (f = 60 kHz, H = 21.21 kA·m −1 ), the best shape recovery ratio reached 99%, the shape retention ratio reached 99.4%, and the shape recovery speed increased significantly with the increment of Fe 3 O 4 nanoparticles. It is anticipated that tagging products with this novel shape memory composite is helpful for the purpose of an intravascular delivery system in Micro-Electro-Mechanical System (MEMS) devices.