Pzena Investment Management LLC Richard Pzena

New York, NY 21 processed 13Fs on this site, 2021 Q3 to 2026 Q2

$34.1B
161 holdings
2026 Q2
+10.6% QoQ
Top 5 22.7%

Richard Pzena's biggest moves in 2026 Q2 were opening Workday and KE Holdings, adding to Cognizant and Dollar General, trimming Humana and Dow Holdings, and selling out of Wabtec and AHQ.

Portfolio

2026 Q2, filed 8/7/2026, top 12 of 161 holdings

Top 5 22.7%, top 10 37.5%

AUM over time

2026 Q2 $34.1B +10.6% QoQ

Q3 2021

Q1 2022

Q1 2023

Q1 2024

Q1 2025

Q1 2026

Latest book

2026 Q2 2026 Q1, filed 7 Aug, long equity only

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MGA, Magna International	6.54%	Reduce −5.7%	23,882,824	$93.26	$2.2B	−1,446,531	+$259M
HUM, Humana	5.13%	Reduce −19.5%	4,403,136	$397.22	$1.7B	−1,067,846	+$800M
BAX, Baxter International	4.09%, was 3.52%	Add +1.2%	65,295,393	$21.32	$1.4B	+767,570	+$308M
CVS, CVS Health	3.57%	Reduce −14.5%	11,769,536	$103.45	$1.2B	−2,003,517	+$228M
DG, Dollar General	3.45%, was 2.66%	Add +48.2%	10,222,060	$115.11	$1.2B	+3,324,519	+$358M
SWKS, Skyworks Solutions	3.18%	Reduce −0.8%	15,973,040	$67.80	$1.1B	−135,098	+$220M
CTSH, Cognizant	3.02%	Add +30.9%	26,529,172	$38.73	$1B	+6,266,810	−$216M
BMY, Bristol Myers Squibb	2.88%, was 3.37%	Reduce −0.5%	17,007,044	$57.62	$980M	−88,687	−$57M
TSN, Tyson Foods	2.86%, was 3.57%	Reduce −0.8%	17,016,651	$57.25	$974M	−139,062	−$125M
CRBG, Corebridge Financial	2.84%, was 2.10%	Add +24.9%	33,789,727	$28.63	$967M	+6,743,933	+$322M
PPG Industries	2.78%, was 2.60%	Add +4.4%	7,807,438	$121.29	$947M	+328,792	+$148M
MET, MetLife	2.76%	Reduce −1.5%	11,130,983	$84.61	$942M	−172,836	+$142M
COF, Capital One	2.71%	Add +0.3%	4,593,920	$200.62	$922M	+13,800	+$86M
UBS	2.66%	Reduce −14.8%	22,604,129	$40.06	$906M	−3,940,226	+$90M
LEA, Lear	2.61%, was 2.66%	Reduce −1.8%	6,638,413	$134.06	$890M	−120,092	+$72M
GPN, Global Payments	2.49%	Add +0.7%	11,691,625	$72.56	$848M	+76,048	+$67M
C, Citigroup	2.28%, was 3.01%	Reduce −32.1%	5,548,789	$139.96	$777M	−2,626,575	−$151M
WFC, Wells Fargo	2.14%	Add +0.6%	8,827,468	$82.64	$730M	+54,340	+$31M
DOX, Amdocs	2.07%	Add +10.3%	13,985,330	$50.54	$707M	+1,304,241	−$121M
SSNC, SS And C Technologies	2.01%	Add +13.8%	11,036,568	$62.05	$685M	+1,337,308	+$29M
NOV, NOV Inc	1.98%, was 2.29%	Reduce −3.1%	36,376,087	$18.55	$675M	−1,159,362	−$31M
ACN, Accenture	1.88%, was 1.55%	Add +113.8%	5,142,176	$124.44	$640M	+2,736,493	+$163M
PVH, Phillips Van Heusen	1.31%	Add +3.8%	5,986,677	$74.26	$445M	+217,771	+$42M
LKQ	1.17%, was 0.59%	Add +142.9%	15,142,285	$26.33	$399M	+8,909,385	+$216M
CDW	1.09%, was 0.44%	Add +136.6%	2,638,900	$140.64	$371M	+1,523,365	+$236M
BAC, Bank of America	1.06%	Reduce −1.7%	6,310,363	$56.98	$360M	−112,391	+$46M
DOW, Dow Holdings	1.00%, was 2.56%	Reduce −34.0%	12,507,011	$27.36	$342M	−6,440,591	−$447M
FMS, Fresenius Medical Care	1.00%, was 1.10%	Reduce −0.4%	14,992,081	$22.61	$339M	−60,741	−$621K
BAP, Credicorp	0.96%, was 1.00%	Reduce −8.3%	836,569	$389.58	$326M	−75,491	+$17M
VOYA, Voya Financial	0.94%	Reduce −3.9%	3,529,646	$90.53	$320M	−143,472	+$69M
NWL, Newell Brands	0.86%, was 0.53%	Add +0.4%	47,990,664	$6.14	$295M	+187,729	+$131M
UHS, Universal Health Services	0.86%	Add +3.0%	1,969,327	$148.69	$293M	+57,092	−$49M
AVT, Avnet	0.81%, was 1.14%	Reduce −45.2%	3,120,395	$88.82	$277M	−2,571,835	−$74M
AAP, Advance Auto Parts	0.80%, was 0.74%	Add +2.1%	4,389,501	$62.22	$273M	+88,412	+$46M
KSPI, Kaspi KZ JSC	0.78%, was 0.64%	Add +14.9%	3,071,888	$86.64	$266M	+399,501	+$68M
MDT, Medtronic	0.72%, was 0.89%	Reduce −0.3%	3,147,999	$78.23	$246M	−9,016	−$27M
DAL, Delta Air Lines	0.72%	Reduce −6.7%	2,618,707	$93.66	$245M	−188,960	+$59M
EQH, Equitable	0.72%, was 0.54%	Add +24.6%	5,561,804	$43.88	$244M	+1,097,457	+$78M
GL, Globe Life	0.71%, was 0.46%	Add +32.1%	1,355,811	$178.68	$242M	+329,565	+$99M
WDAY, Workday	0.71%	New	1,971,270	$122.42	$241M	+1,971,270	+$241M
SPB, Spectrum Brands	0.61%, was 0.56%	Add +3.5%	2,420,808	$85.75	$208M	+82,385	+$35M
MICC, Magnum Ice Cream	0.59%, was 0.29%	Add +87.6%	13,199,616	$15.24	$201M	+6,163,429	+$112M
SHEL, Shell	0.59%, was 0.97%	Reduce −19.2%	2,581,244	$77.54	$200M	−615,205	−$97M
RHI, Robert Half	0.56%, was 0.49%	Add +4.3%	6,222,305	$30.70	$191M	+255,571	+$39M
ZTO, Zto Express Cayman	0.48%, was 0.61%	Reduce −1.9%	7,322,331	$22.38	$164M	−138,600	−$24M
MBC, Masterbrand	0.46%, was 0.10%	Add +301.9%	15,329,483	$10.29	$158M	+11,515,469	+$126M
CI, Cigna	0.45%, was 0.50%	Reduce −2.8%	562,036	$275.68	$155M	−16,412	+$641K
CSCO, Cisco	0.44%	Reduce −2.1%	1,281,329	$117.46	$151M	−27,411	+$49M
PFE, Pfizer	0.42%	Add +0.6%	5,958,922	$24.08	$143M	+34,030	−$23M
MHK, Mohawk Industries	0.41%	Reduce −0.9%	1,142,841	$121.33	$139M	−9,973	+$25M
HAL, Halliburton	0.39%, was 0.51%	Reduce −3.5%	3,925,702	$33.95	$133M	−141,339	−$25M
BEKE, KE Holdings	0.38%	New	8,877,643	$14.53	$129M	+8,877,643	+$129M
KT	0.37%	Add +1.5%	7,286,500	$17.28	$126M	+110,953	−$28M
CNO, Cno Financial Group	0.37%	Reduce −1.2%	2,441,665	$50.98	$124M	−29,256	+$23M
TEL, TE Connectivity	0.33%, was 0.41%	Reduce −8.0%	555,637	$201.61	$112M	−48,341	−$14M
GLOB, Globant	0.33%	Add +30.0%	3,859,718	$28.94	$112M	+890,890	−$25M
JPM, JPMorgan Chase	0.32%	Reduce −0.9%	334,094	$327.33	$109M	−3,168	+$10M
ST, Sensata	0.32%, was 0.40%	Reduce −35.3%	2,251,907	$47.74	$108M	−1,230,359	−$15M
MS, Morgan Stanley	0.28%	Reduce −4.6%	454,492	$209.04	$95M	−21,873	+$17M
Genpact	0.27%, was 0.09%	Add +353.5%	3,319,546	$27.50	$91M	+2,587,492	+$64M
FITB, Fifth Third Bancorp	0.26%	Reduce −3.1%	1,584,757	$56.37	$89M	−51,060	+$13M
ARCO, Arcos Dorados	0.26%	Add +0.6%	10,804,358	$8.06	$87M	+63,192	−$1.5M
ELV, Elevance Health	0.25%, was 0.21%	Add +2.0%	224,575	$386.73	$87M	+4,399	+$22M
DIS, Disney	0.25%, was 0.03%	Add +879.3%	883,495	$96.25	$85M	+793,276	+$76M
STZ, Constellation Brands	0.24%	Add +0.6%	599,314	$139.09	$83M	+3,519	−$6M
XOM, Exxon Mobil	0.24%, was 0.34%	Reduce −4.5%	589,449	$136.72	$81M	−27,695	−$24M
ABM, Abm Industries	0.23%, was 0.19%	Add +18.7%	1,808,203	$44.24	$80M	+285,267	+$21M
OLN, Olin	0.23%, was 0.43%	Reduce −12.2%	3,890,204	$19.82	$77M	−541,409	−$55M
CNXC, Concentrix	0.22%	Add +16.0%	3,413,879	$22.41	$76M	+470,667	−$4M
TFX, Teleflex	0.22%, was 0.27%	Reduce −13.7%	603,206	$126.76	$76M	−95,919	−$7.2M
PLOW, Douglas Dynamics	0.22%	Reduce −13.1%	1,384,680	$53.95	$75M	−208,453	+$7.6M
ONB, Old National Bancorp Ind	0.22%, was 0.19%	Add +5.6%	2,843,497	$25.90	$74M	+149,855	+$14M
HSIC, Schein Henry	0.21%	Reduce −3.0%	860,733	$83.52	$72M	−26,906	+$6.5M
GPC, Genuine Parts	0.21%, was 0.20%	Add +3.1%	591,970	$117.98	$70M	+17,882	+$9.1M
ADNT, Adient	0.20%	Add +3.7%	3,771,026	$18.38	$69M	+135,729	−$4.2M
COLB, Columbia BKG Systems	0.20%, was 0.18%	Add +4.7%	2,129,322	$32.05	$68M	+96,103	+$12M
WSFS, Wsfs Financial	0.20%, was 0.19%	Add +1.1%	888,496	$76.73	$68M	+9,908	+$11M
MMI, Marcus & Millichap	0.20%, was 0.17%	Add +6.4%	2,141,001	$31.17	$67M	+128,238	+$13M
NOK, Nokia	0.20%, was 1.66%	Reduce −92.1%	5,010,906	$13.28	$67M	−58,414,612	−$443M
OSK, Oshkosh	0.19%, was 0.21%	Reduce −5.3%	415,766	$153.48	$64M	−23,090	−$792K
MLKN, Millerknoll	0.18%, was 0.09%	Add +52.0%	3,032,700	$20.46	$62M	+1,036,963	+$33M
ASB, Associated Banc-Corp	0.18%, was 0.16%	Add +3.5%	1,990,243	$30.77	$61M	+67,261	+$12M
GOOGL, Alphabet	0.18%	Hold	171,157	$357.37	$61M	—	—
SCSC, Scansource	0.17%, was 0.11%	Add +21.5%	1,109,743	$52.09	$58M	+196,504	+$25M
KFY, Korn Ferry	0.17%, was 0.16%	Add +8.8%	867,680	$66.58	$58M	+70,242	+$7.6M
RF, Regions Financial	0.16%	Hold	1,839,825	$30.20	$56M	—	—
HUN, Huntsman	0.16%, was 0.25%	Reduce −11.3%	5,161,672	$10.62	$55M	−654,687	−$23M
AEBI, Aebi Schmidt	0.16%, was 0.13%	Add +5.1%	4,319,337	$12.55	$54M	+208,487	+$14M
WGO, Winnebago Industries	0.16%, was 0.10%	Add +72.1%	1,709,531	$31.24	$53M	+716,237	+$23M
REZI, Resideo Technologies	0.15%	Add +22.5%	1,686,765	$31.10	$52M	+309,735	+$6M
MBUU, Malibu Boats	0.14%	Add +5.7%	1,794,261	$27.43	$49M	+96,804	+$5.2M
TGT, Target	0.14%	Add 0.0%	373,503	$130.61	$49M	+128	+$3.5M
KOP, Koppers	0.14%, was 0.15%	Reduce −12.2%	1,061,285	$44.90	$48M	−148,091	+$873K
VREX, Varex Imaging	0.13%	Add +8.8%	4,344,381	$10.43	$45M	+352,101	+$3M
HR, Healthcare Realty Trust	0.13%	Hold	2,225,430	$20.17	$45M	—	—
MSCI, MSC Industrial Direct	0.13%	Reduce −16.0%	373,664	$118.95	$44M	−70,946	+$3.4M
SHG	0.12%, was 0.14%	Reduce −3.1%	669,474	$63.25	$42M	−21,177	−$7K
HDB, HDFC Bank	0.12%	Add +6.2%	1,613,476	$25.83	$42M	+93,975	+$3.9M
CBRE, CBRE Group	0.12%	Add +1.3%	305,781	$134.69	$41M	+3,910	+$294K
HVT, Haverty Furniture Companies	0.12%, was 0.10%	Add +7.1%	1,563,451	$25.53	$40M	+103,303	+$9M
GD, General Dynamics	0.11%	Add +1.0%	108,574	$354.24	$38M	+1,107	+$1.6M
HCA, HCA Healthcare	0.11%	Add +2.5%	96,598	$389.89	$38M	+2,337	−$6.9M
DNOW, DNOW Inc	0.11%, was 0.12%	Reduce −6.5%	2,893,482	$12.97	$38M	−201,833	+$663K
GCO, Genesco	0.11%, was 0.10%	Add +1.7%	1,098,722	$33.77	$37M	+18,140	+$5.8M
KEY, Keycorp	0.11%	Reduce −3.7%	1,597,019	$23.05	$37M	−61,886	+$3.6M
UVSP	0.11%	Reduce −0.9%	834,628	$43.75	$37M	−7,797	+$7.7M
BFH, Bread Financial	0.10%, was 0.15%	Reduce −46.6%	327,448	$108.35	$35M	−286,225	−$10M
DRH, Diamondrock Hospitality	0.10%	Reduce −0.2%	2,829,560	$12.18	$34M	−5,019	+$7.9M
AIG	0.10%	Add +1.5%	456,619	$74.53	$34M	+6,870	+$188K
SOLV, Solventum	0.09%	Reduce −5.0%	417,770	$77.15	$32M	−22,148	+$3.5M
OEC, Orion	0.09%	Add +3.7%	4,771,969	$6.63	$32M	+172,062	+$1.7M
NVST, Envista	0.09%, was 0.13%	Reduce −27.9%	1,157,273	$26.35	$30M	−446,923	−$10M
MYE, Myers Industries	0.08%, was 0.09%	Reduce −39.2%	781,014	$35.31	$28M	−503,571	+$370K
HOFT	0.08%, was 0.06%	Add +11.9%	1,542,623	$17.83	$28M	+163,898	+$9.7M
ARW, Arrow Electrs	0.08%, was 0.10%	Reduce −40.7%	125,168	$213.41	$27M	−85,880	−$3.6M
USNA, Usana Health Sciences	0.08%, was 0.06%	Add +8.7%	1,205,587	$21.35	$26M	+96,654	+$6.4M
LDOS, Leidos	0.07%, was 0.13%	Reduce 0.0%	247,849	$102.97	$26M	−88	−$13M
WCC, Wesco International	0.07%, was 0.10%	Reduce −37.1%	71,494	$345.43	$25M	−42,087	−$6.4M
TBI, Trueblue	0.06%, was 0.04%	Add +7.6%	3,090,808	$6.97	$22M	+219,178	+$10M
Helen Of Troy	0.06%	Reduce −11.1%	676,577	$29.07	$20M	−84,596	+$8.7M
UVV	0.06%	Add +10.3%	363,477	$52.17	$19M	+33,989	+$1.6M
MAN, Manpowergroup Inc. Wis	0.03%	Hold	351,121	$33.77	$12M	—	—
ABEV, Ambev	0.03%, was 0.04%	Reduce −20.7%	3,739,889	$3.14	$12M	−977,439	−$2M
BIDU, Baidu	0.01%, was 0.02%	Reduce −15.0%	41,474	$114.29	$4.7M	−7,293	−$694K
KNX, Knight Swift	0.01%, was 0.24%	Reduce −95.3%	59,406	$77.87	$4.6M	−1,200,405	−$68M
ING, ING Groep	0.01%	Add +17.6%	94,897	$31.38	$3M	+14,199	+$876K
BABA, Alibaba	0.01%	Reduce −5.9%	26,761	$95.98	$2.6M	−1,674	−$999K
HSBC	0.01%	Reduce −1.6%	23,555	$95.09	$2.2M	−395	+$264K
TSM, Taiwan Semiconductor	0.01%, was 0.02%	Reduce −78.6%	4,054	$477.57	$1.9M	−14,932	−$4.5M
TTE, Totalenergies	0.00%, was 0.01%	Reduce 0.0%	22,131	$68.03	$1.5M	−2	−$285K
PHG, Koninklijke Philips	0.00%	Add +15.8%	48,243	$27.19	$1.3M	+6,600	+$171K
GSK	0.00%	Add +30.2%	24,507	$52.42	$1.3M	+5,684	+$246K
EQNR, Equinor Asa	0.00%, was 0.01%	Reduce −5.7%	38,188	$31.40	$1.2M	−2,328	−$511K
SNY, Sanofi	0.00%	Add +32.6%	25,302	$42.66	$1.1M	+6,214	+$160K
CIG	0.00%, was 0.01%	Reduce −58.0%	453,957	$2.10	$953K	−626,827	−$1.6M
VALE, Vale SA	0.00%, was 0.01%	Reduce −68.7%	59,077	$15.04	$889K	−129,642	−$2.1M
SMFG, Sumitomo Mitsui Fin Group	0.00%	Add +14.7%	37,322	$23.58	$880K	+4,774	+$237K
KB, KB Financial Group	0.00%, was 0.01%	Reduce −59.8%	7,640	$104.96	$802K	−11,383	−$1.1M
PBR, Petroleo Brasileiro	0.00%, was 0.01%	Reduce −73.0%	53,138	$14.64	$778K	−143,832	−$2.9M
ITUB, Itau Unibanco	0.00%, was 0.01%	Reduce −64.4%	80,241	$8.17	$656K	−144,916	−$1.2M
TAK, Takeda Pharmaceutical	0.00%	Add +33.4%	37,820	$16.03	$606K	+9,460	+$81K
BCS, Barclays	0.00%	Add +14.7%	20,525	$26.86	$551K	+2,637	+$173K
MT, Arcelormittal SA Luxembourg	0.00%	Reduce −55.6%	8,180	$60.22	$493K	−10,229	−$464K
MRK, Merck	0.00%	Hold	2,511	$128.50	$323K	—	—
HALO, Halozyme Therapeutics	0.00%	Hold	4,049	$78.27	$317K	—	—
ADSK, Autodesk	0.00%	Add +47.9%	1,506	$194.42	$293K	+488	+$49K
MSFT, Microsoft	0.00%	Reduce −0.9%	755	$373.02	$282K	−7	$—
GE, GE Aerospace	0.00%	Hold	736	$373.73	$275K	—	—
WBS, Webster Financial	0.00%, was 0.09%	Reduce −99.2%	3,189	$76.42	$244K	−406,018	−$28M
ADBE, Adobe	0.00%	Add +8.3%	1,094	$205.02	$224K	+84	−$21K
DOCU, Docusign	0.00%	Hold	4,510	$44.42	$200K	—	—

Showing top 50 of 151 by value

Exits / last held

Gone since 2026 Q1, shown at their last reported size.

Stock	% of portfolio	Recent activity	Reported price*	Value	Share change	$ change
WAB, Wabtec	0.30%	Exit	$249.91	$92M	−367,753	−$92M
AHQ	0.21%	Exit	$39.83	$65M	−1,643,562	−$65M
JNJ, Johnson & Johnson	0.16%	Exit	$244.44	$50M	−203,965	−$50M
TRS, Trimas	—	Exit	$35.98	$357K	−9,923	−$357K
CRUS, Cirrus Logic	—	Exit	$144.75	$306K	−2,114	−$306K
HOLX, Hologic	—	Exit	$75.68	$300K	−3,964	−$300K
HIG, Hartford Insurance Group	—	Exit	$135.40	$288K	−2,127	−$288K
INTU, Intuit	—	Exit	$432.14	$242K	−560	−$242K
TMUS, T-Mobile US	—	Exit	$210.26	$205K	−975	−$205K

Filings history

20 periods, with AUM normalized

Newest 13Fs

Period	Holds	AUM	QoQ	Form	Filed	Filing ID
2026 Q2	161	$34.1B	+10.6%	13F-HR	8/7/2026	000102779626000049
2026 Q1	158	$30.8B	−7.8%	13F-HR	4/24/2026	000102779626000024
2025 Q4	157	$33.4B	+8.0%	13F-HR	2/6/2026	000102779626000009
2025 Q3	154	$30.9B	+0.6%	13F-HR	11/7/2025	000102779625000057
2025 Q2	152	$30.8B	+7.4%	13F-HR	7/25/2025	000102779625000043
2025 Q1	146	$28.6B	−2.5%	13F-HR	5/2/2025	000102779625000029
2024 Q4	152	$29.4B	−5.3%	13F-HR	2/7/2025	000102779625000014
2024 Q3	157	$31B	+9.1%	13F-HR	11/8/2024	000102779624000048
2024 Q2	160	$28.4B	−2.4%	13F-HR	8/2/2024	000102779624000014
2024 Q1	159	$29.1B	+9.5%	13F-HR	5/3/2024	000102779624000007
2023 Q4	164	$26.6B	+14.3%	13F-HR	2/9/2024	000102779624000004
2023 Q3	160	$23.3B	−0.7%	13F-HR	11/9/2023	000114036123052439
2023 Q2	161	$23.4B	+1.2%	13F-HR	8/4/2023	000114036123038068
2023 Q1	163	$23.2B	+2.5%	13F-HR	5/12/2023	000114036123024367
2022 Q4	180	$22.6B	+12.3%	13F-HR	2/3/2023	000114036123004425
2022 Q3	175	$20.1B	—	RESTATEMENT	11/14/2022	000114036122041191
2022 Q3	175	$20.1B	−9.8%	13F-HR	11/4/2022	000114036122040001
2022 Q2	168	$22.3B	−15.6%	13F-HR	8/5/2022	000156761922015049
2022 Q1	177	$26.5B	−0.3%	13F-HR	5/6/2022	000156761922009665
2021 Q4	174	$26.5B	+5.0%	13F-HR	2/4/2022	000156761922002512
2021 Q3	168	$25.3B	—	13F-HR	11/5/2021	000156761921019397

About

Pzena Investment Management LLC

21 processed 13Fs on this site, 2021 Q3 to 2026 Q2

Notable person: Richard Pzena
SEC filing name: PZENA INVESTMENT MANAGEMENT LLC
Location: New York, NY
All SEC filings: View on sec.gov