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%

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

Book

2022 Q2 2022 Q1, filed 5 Aug, long equity only

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CTSH, Cognizant	4.16%	Add +2.4%	13,768,131	$67.49	$929M	+325,537	−$276M
EIX, Edison International	3.95%	Reduce −4.8%	13,959,362	$63.24	$883M	−711,129	−$146M
GE, GE Aerospace	3.72%	Add +18.0%	13,035,744	$63.67	$830M	+1,984,706	−$181M
LEA, Lear	3.64%, was 3.38%	Add +3.2%	6,463,079	$125.89	$814M	+197,550	−$80M
MCK, McKesson	3.56%	Reduce −10.0%	2,433,360	$326.21	$794M	−269,130	−$34M
WAB, Wabtec	3.52%, was 3.64%	Reduce −4.2%	9,578,666	$82.08	$786M	−419,140	−$175M
NWL, Newell Brands	3.20%, was 2.93%	Add +3.6%	37,569,337	$19.04	$715M	+1,318,143	−$61M
C, Citigroup	3.16%, was 2.42%	Add +28.0%	15,334,377	$45.99	$705M	+3,353,371	+$65M
WFC, Wells Fargo	2.98%, was 3.24%	Reduce −3.9%	16,993,279	$39.17	$666M	−692,814	−$191M
NRG, NRG Energy	2.83%	Reduce −11.4%	16,530,610	$38.17	$631M	−2,123,963	−$85M
NOV, NOV Inc	2.79%, was 2.86%	Reduce −4.5%	36,845,885	$16.91	$623M	−1,719,150	−$133M
EQH, Equitable	2.59%, was 2.56%	Add +1.0%	22,147,532	$26.07	$577M	+220,775	−$100M
AIG	2.45%, was 3.74%	Reduce −32.0%	10,712,738	$51.13	$548M	−5,030,099	−$440M
DOX, Amdocs	2.37%	Reduce −2.3%	6,347,183	$83.31	$529M	−152,640	−$5.6M
HAL, Halliburton	2.34%, was 3.26%	Reduce −26.7%	16,678,893	$31.36	$523M	−6,090,718	−$339M
SSNC, SS&C Technologies	2.32%, was 1.38%	Add +83.4%	8,916,391	$58.07	$518M	+4,055,156	+$153M
COF, Capital One	2.26%, was 1.94%	Add +23.9%	4,842,786	$104.19	$505M	+932,873	−$8.8M
AVT, Avnet	2.06%	Reduce −10.8%	10,740,660	$42.88	$461M	−1,300,011	−$28M
PVH, Phillips Van Heusen	2.02%	Add +1.3%	7,939,967	$56.90	$452M	+103,775	−$149M
HPE, Hewlett Packard Enterprise	1.90%, was 2.37%	Reduce −14.6%	32,075,426	$13.26	$425M	−5,504,246	−$203M
AXS, Axis Capital	1.73%	Reduce −4.7%	6,778,381	$57.09	$387M	−333,382	−$43M
GIL, Gildan Activewear	1.62%, was 1.26%	Add +41.0%	12,587,056	$28.78	$362M	+3,659,935	+$28M
FMS, Fresenius Medical	1.47%	Add +13.8%	13,176,037	$24.94	$329M	+1,598,405	−$61M
DOW, DOW Inc	1.45%, was 1.51%	Reduce −0.2%	6,276,788	$51.61	$324M	−11,704	−$77M
BMY, Bristol Myers Squibb	1.44%, was 1.00%	Add +15.0%	4,171,232	$77.00	$321M	+545,445	+$56M
MET, MetLife	1.42%	Reduce −1.2%	5,047,273	$62.79	$317M	−62,822	−$42M
BAC, Bank of America	1.28%, was 1.25%	Add +15.1%	9,194,205	$31.13	$286M	+1,204,290	−$43M
Holding	1.28%, was 1.06%	Add +16.4%	8,033,986	$35.58	$286M	+1,129,142	+$4.4M
VOYA, Voya Financial	1.25%	Reduce −2.7%	4,698,182	$59.53	$280M	−132,649	−$41M
TCOM, Trip.com	1.20%, was 0.80%	Add +6.3%	9,776,714	$27.45	$268M	+581,696	+$56M
XOM, Exxon Mobil	1.20%, was 1.41%	Reduce −30.7%	3,124,235	$85.64	$268M	−1,385,516	−$105M
MHK, Mohawk Industries	1.15%, was 0.82%	Add +18.0%	2,068,700	$124.09	$257M	+316,197	+$39M
JPM, JPMorgan Chase	0.98%, was 0.90%	Add +10.6%	1,934,016	$112.61	$218M	+185,185	−$21M
GS, Goldman Sachs	0.80%, was 0.72%	Add +4.0%	601,289	$297.02	$179M	+22,927	−$12M
FTI, Technipfmc	0.79%, was 0.80%	Reduce −3.6%	26,297,342	$6.73	$177M	−988,388	−$34M
ORCL, Oracle	0.74%, was 0.76%	Reduce −2.4%	2,378,126	$69.87	$166M	−57,769	−$35M
PFE, Pfizer	0.70%	Reduce −12.6%	2,969,435	$52.43	$156M	−427,993	−$20M
SHEL, Shell	0.69%	Reduce −10.2%	2,963,476	$52.29	$155M	−334,852	−$26M
BKNG, Booking Holdings	0.69%, was 0.50%	Add +55.8%	88,171	$1,749	$154M	+31,564	+$21M
CAH, Cardinal Health	0.68%	Reduce −2.6%	2,895,642	$52.27	$151M	−77,737	−$17M
JELD, Jeld-Wen	0.58%	Add +12.1%	8,856,852	$14.59	$129M	+956,559	−$31M
OLN, Olin	0.57%, was 0.67%	Reduce −19.0%	2,756,506	$46.28	$128M	−648,146	−$50M
AMGN, Amgen	0.57%	Reduce −1.9%	522,173	$243.30	$127M	−10,037	−$1.7M
CNO, Cno Financial Group	0.56%, was 0.67%	Reduce −1.6%	6,926,581	$18.09	$125M	−113,849	−$51M
TEX, Terex	0.55%, was 0.46%	Add +31.3%	4,450,787	$27.37	$122M	+1,060,041	+$904K
JNJ, Johnson & Johnson	0.51%	Reduce −11.1%	637,343	$177.51	$113M	−79,352	−$14M
FLEX, Flextronics	0.51%, was 0.57%	Reduce −3.9%	7,800,361	$14.47	$113M	−320,431	−$38M
CI, Cigna	0.51%	Reduce −2.5%	427,875	$263.52	$113M	−10,913	+$7.6M
AXTA, Axalta Coating Systems	0.50%, was 0.30%	Add +58.4%	5,065,126	$22.11	$112M	+1,866,728	+$33M
BIDU, Baidu	0.49%	Reduce −3.2%	735,103	$148.73	$109M	−24,602	+$8.8M
Steelcase	0.45%, was 0.36%	Add +17.2%	9,307,779	$10.73	$100M	+1,368,986	+$5M
BDC, Belden	0.43%	Reduce −2.4%	1,822,722	$53.27	$97M	−44,423	−$6.3M
WBS, Webster Financial	0.43%, was 0.49%	Reduce −2.2%	2,278,828	$42.15	$96M	−50,198	−$35M
ELV, Elevance Health	0.42%, was 0.35%	Add +0.9%	192,372	$482.58	$93M	+1,626	−$863K
SPB, Spectrum Brands	0.39%	Reduce −1.2%	1,061,585	$82.02	$87M	−13,075	−$8.3M
UBS	0.37%, was 0.48%	Reduce −22.5%	5,088,031	$16.22	$83M	−1,474,186	−$46M
Gap	0.37%, was 0.26%	Add +106.8%	9,999,535	$8.24	$82M	+5,164,730	+$14M
DAN, Dana	0.37%, was 0.32%	Add +19.2%	5,798,157	$14.07	$82M	+932,632	−$3.9M
GD, General Dynamics	0.34%, was 0.31%	Add 0.0%	345,443	$221.25	$76M	+70	−$6.9M
EPAC	0.33%	Reduce −1.6%	3,928,715	$19.02	$75M	−62,197	−$13M
Ryder System	0.32%	Reduce −5.2%	993,551	$71.06	$71M	−54,501	−$13M
ASB, Associated Banc-Corp	0.31%	Add 0.0%	3,780,176	$18.26	$69M	+1,774	−$17M
CLS, Celestica	0.30%, was 0.33%	Reduce −3.2%	7,000,230	$9.72	$68M	−228,565	−$18M
RF, Regions Financial	0.30%	Reduce −0.2%	3,585,733	$18.75	$67M	−7,965	−$13M
ONB, Old National Bancorp	0.30%, was 0.28%	Add +0.2%	4,461,199	$14.79	$66M	+10,646	−$6.9M
MTZ, Mastec	0.29%, was 0.23%	Add +29.2%	916,003	$71.66	$66M	+207,100	+$3.9M
AIG, American International Group	0.29%	Reduce −4.3%	1,743,109	$36.57	$64M	−78,264	−$8.9M
MS, Morgan Stanley	0.27%, was 0.28%	Reduce −6.5%	778,946	$76.06	$59M	−54,048	−$14M
Umpqua	0.26%, was 0.20%	Add +22.9%	3,526,700	$16.77	$59M	+658,030	+$5M
OEC, Orion Engineered Carbons	0.26%, was 0.22%	Add +0.8%	3,741,388	$15.53	$58M	+29,679	−$1.2M
MRC Global	0.25%, was 0.23%	Add +9.6%	5,494,016	$9.96	$55M	+480,535	−$5M
RGA, Reinsurance Group Of America	0.24%, was 0.19%	Add +0.5%	463,961	$117.29	$54M	+2,536	+$3.9M
BKR, Baker Hughes	0.24%, was 1.68%	Reduce −84.9%	1,839,376	$28.87	$53M	−10,373,746	−$392M
DRH	0.24%, was 0.25%	Reduce −2.3%	6,413,413	$8.21	$53M	−152,459	−$14M
USNA, Usana Health Sciences	0.24%	Reduce −1.1%	725,651	$72.36	$53M	−8,288	−$5.8M
SCSC, Scansource	0.23%	Reduce −3.3%	1,617,768	$31.14	$50M	−55,749	−$7.8M
UVV, Universal	0.22%	Reduce −7.2%	825,859	$60.50	$50M	−64,422	−$1.7M
KEY, Keycorp	0.22%	Add +1.2%	2,821,824	$17.23	$49M	+32,775	−$14M
GMS	0.21%	New	1,078,363	$44.50	$48M	+1,078,363	+$48M
TRS, Trimas	0.21%	Reduce −0.3%	1,719,497	$27.69	$48M	−5,274	−$7.7M
WSFS, Wsfs Financial	0.21%, was 0.13%	Add +59.8%	1,182,877	$40.09	$47M	+442,621	+$13M
Argo Group International	0.21%	Reduce −3.3%	1,285,569	$36.86	$47M	−43,412	−$7.5M
Juniper Networks	0.21%	Hold	1,625,824	$28.50	$46M	—	—
Hope Bancorp	0.21%	Reduce −1.6%	3,341,176	$13.84	$46M	−53,078	−$8.3M
FITB, Fifth Third Bancorp	0.21%	Add 0.0%	1,375,531	$33.60	$46M	+53	−$13M
SMCI, Super Micro Computer	0.20%, was 0.22%	Reduce −26.2%	1,127,116	$40.35	$45M	−400,532	−$13M
Rev Group	0.20%	Add +1.2%	4,077,081	$10.87	$44M	+48,489	−$9.7M
UVSP, Univest Financial	0.19%	Reduce −1.2%	1,711,041	$25.44	$44M	−20,079	−$2.8M
IVZ, Invesco	0.19%	Add +0.2%	2,684,457	$16.13	$43M	+5,979	−$18M
Holding	0.19%	Hold	952,698	$44.52	$42M	—	—
TXT, Textron	0.18%, was 0.56%	Reduce −66.6%	665,947	$61.07	$41M	−1,328,854	−$108M
AHQ	0.18%, was 0.16%	Add +1.8%	870,299	$45.01	$39M	+15,761	−$2.7M
HSIC, Henry Schein	0.17%	Reduce −0.8%	504,938	$76.74	$39M	−3,939	−$5.6M
Holding	0.17%, was 0.12%	Add +22.5%	1,936,464	$19.13	$37M	+355,652	+$5.5M
MSCI	0.15%, was 0.08%	Add +75.0%	457,692	$75.11	$34M	+196,161	+$12M
TBI, Trueblue	0.14%	Add +1.2%	1,795,992	$17.90	$32M	+21,035	−$19M
IBN, Icici Bank	0.14%	Reduce −8.1%	1,715,932	$17.74	$30M	−151,153	−$4.9M
TSM, Taiwan Semiconductor	0.13%	Add +0.8%	350,005	$81.75	$29M	+2,694	−$7.6M
VREX, Varex Imaging	0.12%	Reduce −1.5%	1,296,164	$21.39	$28M	−19,640	−$288K
Interpublic Group Of Companies	0.12%, was 0.13%	Reduce −0.4%	984,242	$27.53	$27M	−3,677	−$7.9M
Moog	0.12%, was 0.19%	Reduce −39.2%	339,763	$79.39	$27M	−219,132	−$22M
CBRE, CBRE Group	0.12%, was 0.08%	Add +66.9%	363,826	$73.61	$27M	+145,848	+$6.8M
ARW, Arrow Electronics	0.12%, was 0.10%	Add 0.0%	233,547	$112.09	$26M	+9	−$1.5M
CSCO, Cisco	0.11%	Add +3.5%	594,062	$42.64	$25M	+20,166	−$6.7M
Motorcar Parts Of America	0.11%, was 0.13%	Reduce −1.7%	1,843,639	$13.12	$24M	−32,140	−$9.3M
ABEV, Ambev	0.11%	Add +0.2%	9,421,397	$2.51	$24M	+19,004	−$6.7M
GL, Globe Life	0.11%, was 0.09%	Add 0.0%	241,670	$97.47	$24M	+10	−$755K
HOFT, Hooker Furnishings	0.10%	Add +5.4%	1,487,787	$15.55	$23M	+76,449	−$3.6M
Genpact	0.10%, was 0.08%	Add 0.0%	505,174	$42.36	$21M	+25	−$580K
SHG	0.09%	Hold	722,806	$28.56	$21M	—	—
Technip Energies	0.07%, was 0.12%	Reduce −51.1%	1,236,155	$12.39	$15M	−1,292,954	−$15M
VNO, Vornado Realty Trust	0.06%	Add +38.6%	475,402	$28.59	$14M	+132,438	−$2M
ETR, Entergy	0.06%, was 0.08%	Reduce −42.0%	110,572	$112.64	$12M	−80,007	−$9.8M
VZ, Verizon	0.05%, was 0.04%	Add +0.6%	229,953	$50.75	$12M	+1,349	+$25K
SNA, Snap-On	0.05%	Reduce 0.0%	56,187	$197.04	$11M	−21	−$479K
BABA, Alibaba	0.02%, was 0.01%	Add +24.8%	39,184	$113.67	$4.5M	+7,783	+$1M
Holding	0.02%	Hold	596,073	$7.33	$4.4M	—	—
Nextier Oilfield Solutions	0.02%, was 0.14%	Reduce −89.9%	409,872	$9.51	$3.9M	−3,664,424	−$34M
CIG	0.02%	Add +7.1%	1,742,473	$2.02	$3.5M	+115,708	−$1.7M
Holding	0.01%	Hold	216,586	$15.27	$3.3M	—	—
Holding	0.01%	Add +2.5%	107,659	$29.60	$3.2M	+2,600	+$141K
Sasol	0.01%	Reduce −0.2%	134,287	$23.06	$3.1M	−332	−$158K
Holding	0.01%	Hold	2,730	$1,097	$3M	—	—
Holding	0.01%	Reduce −0.3%	86,351	$29.04	$2.5M	−223	−$524K
Holding	0.01%	Add +2.5%	313,015	$7.76	$2.4M	+7,750	−$929K
Holding	0.01%	Hold	107,424	$18.72	$2M	—	—
Holding	0.01%	Hold	26,847	$69.50	$1.9M	—	—
Holding	0.01%	Hold	123,360	$13.37	$1.6M	—	—
ITUB	0.01%	Add +2.4%	343,744	$4.28	$1.5M	+8,147	−$445K
Cez As Unspon	0.01%	Reduce −51.3%	58,063	$22.46	$1.3M	−61,226	−$1.2M
KB	0.01%	Hold	33,522	$37.20	$1.2M	—	—
Holding	0.00%	Hold	139,730	$7.74	$1.1M	—	—
Holding	0.00%	Hold	25,144	$37.98	$955K	—	—
Tesco	0.00%	Reduce −3.6%	84,268	$9.29	$783K	−3,108	−$169K
REGN, Regeneron	0.00%	Add +21.1%	1,119	$590.71	$661K	+195	+$16K
ITRN, Ituran Location And Control	0.00%	Reduce −2.2%	26,625	$24.49	$652K	−590	+$26K
MRK, Merck	0.00%	Add +40.1%	7,135	$91.10	$650K	+2,043	+$232K
Reunert Limited Unspon	0.00%	Hold	127,975	$4.88	$625K	—	—
Holding	0.00%	Hold	42,703	$13.25	$566K	—	—
COR, Amerisourcebergen	0.00%	Add +25.9%	3,878	$141.57	$549K	+799	+$73K
META, Meta Platforms	0.00%	Add +16.4%	3,378	$161.34	$545K	+475	−$101K
NOK, Nokia Oyj	0.00%	Add +1.9%	114,106	$4.61	$526K	+2,170	−$85K
BIIB, Biogen	0.00%	Hold	2,384	$203.86	$486K	—	—
EXEL, Exelixis	0.00%	Hold	20,669	$20.80	$430K	—	—
BCS, Barclays	0.00%	Hold	55,321	$7.59	$420K	—	—
QRVO, Qorvo	0.00%	Hold	4,245	$94.23	$400K	—	—
INTC, Intel	0.00%	Hold	10,632	$37.43	$398K	—	—
HUM, Humana	0.00%	Hold	844	$468.01	$395K	—	—
IPGP, IPG Photonics	0.00%	Hold	4,192	$94.23	$395K	—	—
LPLA, LPL Financial	0.00%	Add +41.4%	2,072	$184.36	$382K	+607	+$114K
LRCX, Lam Research	0.00%	Hold	879	$426.62	$375K	—	—
WSM, Williams-Sonoma	0.00%	Hold	3,327	$110.91	$369K	—	—
DELL, Dell Technologies	0.00%	Hold	7,618	$46.21	$352K	—	—
PLTK, Playtika	0.00%	Hold	22,824	$13.23	$302K	—	—
SWKS, Skyworks Solutions	0.00%	Hold	3,209	$92.55	$297K	—	—
DHI, D.R. Horton	0.00%	Hold	3,981	$66.31	$264K	—	—
DGX, Quest Diagnostics	0.00%	Hold	1,966	$132.76	$261K	—	—
MUR, Murphy Oil	0.00%, was 0.13%	Reduce −99.0%	8,444	$30.20	$255K	−813,283	−$33M
Holding	0.00%	Hold	180,465	$1.33	$240K	—	—
Holding	0.00%	Hold	9,011	$24.19	$218K	—	—
Holding	0.00%	Hold	23,319	$7.29	$170K	—	—
F, Ford	0.00%, was 0.04%	Reduce −97.9%	14,961	$11.16	$167K	−684,170	−$12M
SIRI, Sirius XM	0.00%	Hold	20,715	$6.13	$127K	—	—

Showing top 50 of 163 by value

Exits / last held

Gone since 2022 Q1, shown at their last reported size.

Stock	% of portfolio	Recent activity	Reported price*	Value	Share change	$ change
SWK, Stanley Black & Decker	0.53%	Exit	$139.79	$141M	−1,011,410	−$141M
HBAN, Huntington Bancshares	0.19%	Exit	$14.62	$49M	−3,371,011	−$49M
CVE, Cenovus Energy	0.14%	Exit	$16.68	$36M	−2,162,031	−$36M
Otp Bank Nyrt Spon ADR 144A	0.01%	Exit	$18.39	$2.4M	−131,286	−$2.4M
SMFG	—	Exit	$6.27	$681K	−108,562	−$681K
HALO, Halozyme Therapeutics	—	Exit	$39.90	$628K	−15,738	−$628K
UTHR, United Therapeutics	—	Exit	$179.55	$497K	−2,768	−$497K
EXPD, Expeditors International Of Washington	—	Exit	$103.24	$490K	−4,746	−$490K
YETI, Yeti Holdings	—	Exit	$60.04	$404K	−6,729	−$404K
MMS, Maximus	—	Exit	$74.94	$349K	−4,657	−$349K
CHRW, C.H. Robinson	—	Exit	$107.70	$277K	−2,572	−$277K
CCL, Carnival	—	Exit	$20.19	$239K	−11,837	−$239K
HPQ, HP	—	Exit	$36.26	$213K	−5,874	−$213K
Signature Bank	—	Exit	$293.18	$202K	−689	−$202K

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