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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
2021 Q3: $25.3B 2021 Q3: $25.3B
Q3 2021
2021 Q4: $26.5B, +5.0% QoQ 2021 Q4: $26.5B, +5.0% QoQ
Q4
2022 Q1: $26.5B, −0.3% QoQ 2022 Q1: $26.5B, −0.3% QoQ
Q1 2022
2022 Q2: $22.3B, −15.6% QoQ 2022 Q2: $22.3B, −15.6% QoQ
Q2
2022 Q3: $20.1B, −9.8% QoQ 2022 Q3: $20.1B, −9.8% QoQ
Q3
2022 Q4: $22.6B, +12.3% QoQ 2022 Q4: $22.6B, +12.3% QoQ
Q4
2023 Q1: $23.2B, +2.5% QoQ 2023 Q1: $23.2B, +2.5% QoQ
Q1 2023
2023 Q2: $23.4B, +1.2% QoQ 2023 Q2: $23.4B, +1.2% QoQ
Q2
2023 Q3: $23.3B, −0.7% QoQ 2023 Q3: $23.3B, −0.7% QoQ
Q3
2023 Q4: $26.6B, +14.3% QoQ 2023 Q4: $26.6B, +14.3% QoQ
Q4
2024 Q1: $29.1B, +9.5% QoQ 2024 Q1: $29.1B, +9.5% QoQ
Q1 2024
2024 Q2: $28.4B, −2.4% QoQ 2024 Q2: $28.4B, −2.4% QoQ
Q2
2024 Q3: $31B, +9.1% QoQ 2024 Q3: $31B, +9.1% QoQ
Q3
2024 Q4: $29.4B, −5.3% QoQ 2024 Q4: $29.4B, −5.3% QoQ
Q4
2025 Q1: $28.6B, −2.5% QoQ 2025 Q1: $28.6B, −2.5% QoQ
Q1 2025
2025 Q2: $30.8B, +7.4% QoQ 2025 Q2: $30.8B, +7.4% QoQ
Q2
2025 Q3: $30.9B, +0.6% QoQ 2025 Q3: $30.9B, +0.6% QoQ
Q3
2025 Q4: $33.4B, +8.0% QoQ 2025 Q4: $33.4B, +8.0% QoQ
Q4
2026 Q1: $30.8B, −7.8% QoQ 2026 Q1: $30.8B, −7.8% QoQ
Q1 2026
2026 Q2: $34.1B, +10.6% QoQ 2026 Q2: $34.1B, +10.6% QoQ
Q2

Book

2023 Q1 2022 Q4, filed 12 May, long equity only

GE, GE Aerospace 4.99% Reduce −8.4% 12,088,106 $95.60 $1.2B −1,114,816 +$49M
CTSH, Cognizant 4.64%, was 4.39% Add +1.7% 17,657,416 $60.93 $1.1B +299,737 +$83M
EIX, Edison International 4.26%, was 3.83% Add +2.7% 13,994,142 $70.59 $988M +374,257 +$121M
LEA, Lear 4.06% Reduce −1.8% 6,742,800 $139.49 $941M −122,732 +$89M
DOW, DOW Inc 3.52%, was 2.35% Add +41.4% 14,901,209 $54.82 $817M +4,365,219 +$286M
SSNC, SS&C Technologies 3.41%, was 2.91% Add +10.7% 13,982,655 $56.47 $790M +1,346,697 +$132M
WAB, Wabtec 3.37%, was 3.45% Reduce −0.9% 7,733,474 $101.06 $782M −69,899 +$2.7M
C, Citigroup 3.32%, was 3.23% Add +1.7% 16,420,961 $46.89 $770M +267,712 +$39M
WFC, Wells Fargo 2.99% Add +4.8% 18,563,726 $37.38 $694M +852,909 −$37M
COF, Capital One 2.90%, was 2.46% Add +17.1% 6,993,002 $96.16 $672M +1,020,747 +$117M
PVH, Phillips Van Heusen 2.78% Reduce −2.2% 7,224,974 $89.16 $644M −161,432 +$123M
NWL, Newell Brands 2.73% Add +7.3% 50,805,079 $12.44 $632M +3,443,400 +$13M
EQH, Equitable 2.57% Add +3.9% 23,480,192 $25.39 $596M +874,423 −$53M
NOV, NOV Inc 2.36%, was 2.73% Reduce −0.1% 29,531,437 $18.51 $547M −37,476 −$71M
AIG 2.07%, was 2.74% Reduce −2.7% 9,520,256 $50.36 $479M −260,688 −$139M
DOX, Amdocs 1.98%, was 2.04% Reduce −5.6% 4,776,144 $96.03 $459M −285,187 −$1.4M
FMS, Fresenius Medical 1.84% Reduce −17.7% 20,025,078 $21.26 $426M −4,307,114 +$28M
AVT, Avnet 1.78% Reduce −1.4% 9,149,810 $45.20 $414M −132,793 +$28M
BKNG, Booking Holdings 1.67% Reduce −5.8% 146,373 $2,652 $388M −9,030 +$75M
GIL, Gildan Activewear 1.60% Reduce −3.2% 11,143,399 $33.19 $370M −371,317 +$54M
BMY, Bristol Myers Squibb 1.35%, was 1.23% Add +16.9% 4,511,785 $69.31 $313M +651,213 +$35M
GEHC, GE HealthCare 1.28% New 3,625,855 $82.03 $297M +3,625,855 +$297M
TCOM, Trip.com 1.28%, was 1.47% Reduce −18.5% 7,889,015 $37.67 $297M −1,788,667 −$36M
Holding 1.27%, was 1.40% Reduce −17.6% 6,196,158 $47.52 $294M −1,326,383 −$21M
AXS, Axis Capital 1.21%, was 1.33% Reduce −7.5% 5,128,709 $54.52 $280M −415,196 −$21M
VOYA, Voya Financial 1.21% Reduce −6.2% 3,912,778 $71.46 $280M −260,204 +$23M
BAC, Bank of America 1.18% Add +5.4% 9,565,066 $28.60 $274M +493,439 −$27M
MGA, Magna International 1.05%, was 1.02% Add +11.0% 4,548,469 $53.57 $244M +451,684 +$14M
MET, MetLife 1.05%, was 1.36% Reduce −1.9% 4,182,303 $57.94 $242M −79,642 −$66M
JPM, JPMorgan Chase 1.04%, was 1.14% Reduce −2.9% 1,858,352 $130.31 $242M −56,433 −$15M
TEL, TE Connectivity 1.04% New 1,829,636 $131.15 $240M +1,829,636 +$240M
MCK, McKesson 0.99%, was 1.62% Reduce −34.0% 642,849 $356.05 $229M −330,689 −$136M
HAL, Halliburton 0.98%, was 1.37% Reduce −9.3% 7,159,122 $31.64 $227M −734,763 −$84M
CHTR, Charter Communications 0.91% New 588,537 $357.61 $210M +588,537 +$210M
HPE, Hewlett Packard Enterprise 0.90%, was 2.07% Reduce −55.5% 13,083,343 $15.93 $208M −16,302,925 −$261M
MHK, Mohawk Industries 0.88% Add +0.3% 2,028,127 $100.22 $203M +6,726 −$3.4M
ORCL, Oracle 0.82% Reduce −0.2% 2,039,515 $92.92 $190M −4,214 +$22M
GS, Goldman Sachs 0.73%, was 0.83% Reduce −5.5% 514,382 $327.11 $168M −30,040 −$19M
CNO, Cno Financial Group 0.72%, was 0.77% Reduce −1.7% 7,495,115 $22.19 $166M −132,502 −$8M
CAH, Cardinal Health 0.69%, was 0.87% Reduce −17.1% 2,113,042 $75.50 $160M −434,510 −$36M
TEX, Terex 0.63%, was 0.78% Reduce −26.5% 3,019,158 $48.38 $146M −1,086,069 −$29M
CI, Cigna 0.62% Add +30.9% 564,330 $255.53 $144M +133,214 +$1.4M
SHEL, Shell 0.61%, was 0.69% Reduce −9.9% 2,477,432 $57.54 $143M −272,631 −$14M
OLN, Olin 0.60%, was 0.62% Reduce −4.7% 2,503,674 $55.50 $139M −124,077 −$159K
AXTA, Axalta Coating Systems 0.58% Reduce −4.8% 4,424,251 $30.29 $134M −222,588 +$16M
AMGN, Amgen 0.54% Add +1.5% 517,248 $241.75 $125M +7,622 −$8.8M
PFE, Pfizer 0.48%, was 0.63% Reduce −0.7% 2,741,849 $40.80 $112M −17,984 −$30M
Gap 0.46%, was 0.54% Reduce −2.0% 10,643,646 $10.04 $107M −213,950 −$16M
JELD, Jeld-Wen 0.45% Reduce −6.0% 8,161,690 $12.66 $103M −523,121 +$20M
BAP, Credicorp 0.44%, was 0.36% Add +29.7% 778,484 $132.39 $103M +178,285 +$22M

Showing top 50 of 159 by value

Exits / last held

Gone since 2022 Q4, shown at their last reported size.

Stock % of portfolio Recent activity Shares Reported price* Value Share change $ change
NRG, NRG Energy 1.18% Exit 0 $31.82 $266M −8,352,024 −$266M
Umpqua 0.26% Exit 0 $17.85 $59M −3,298,180 −$59M
TXT, Textron 0.17% Exit 0 $70.80 $38M −538,918 −$38M
Interpublic Group Of Companies 0.16% Exit 0 $33.31 $37M −1,109,575 −$37M
Technip Energies 0.09% Exit 0 $15.64 $19M −1,230,659 −$19M
Holding 0.02% Exit 0 $1,093 $4.8M −4,398 −$4.8M
Holding 0.02% Exit 0 $6.50 $3.9M −596,073 −$3.9M
Holding 0.01% Exit 0 $6.68 $3.3M −497,315 −$3.3M
Holding 0.01% Exit 0 $16.19 $1.7M −107,054 −$1.7M
Holding 0.01% Exit 0 $12.42 $1.5M −123,360 −$1.5M
Holding — Exit 0 $12.38 $1M −84,525 −$1M
Holding — Exit 0 $5.08 $917K −180,465 −$917K
Landstar System — Exit 0 $162.92 $760K −4,665 −$760K
META, Meta Platforms — Exit 0 $120.29 $754K −6,268 −$754K
Holding — Exit 0 $28.69 $707K −24,640 −$707K
IAC, IAC Inc — Exit 0 $44.44 $498K −11,207 −$498K
ICLR, Icon — Exit 0 $194.03 $403K −2,077 −$403K
IPGP, IPG Photonics — Exit 0 $94.64 $362K −3,825 −$362K
MKL, Markel Group — Exit 0 $1,316 $296K −225 −$296K
NVR — Exit 0 $4,619 $291K −63 −$291K
SWKS, Skyworks Solutions — Exit 0 $91.28 $272K −2,980 −$272K
EBAY, eBay — Exit 0 $41.40 $257K −6,207 −$257K
OMC, Omnicom Group — Exit 0 $81.67 $229K −2,804 −$229K
BKR, Baker Hughes — Exit 0 $29.55 $225K −7,613 −$225K
HLI, Houlihan Lokey — Exit 0 $87.08 $223K −2,561 −$223K
DELL, Dell Technologies — Exit 0 $40.17 $200K −4,979 −$200K
F, Ford — Exit 0 $11.63 $174K −14,961 −$174K
DVA, DaVita — Exit 0 $74.85 $172K −2,298 −$172K
Holding — Exit 0 $22.88 $149K −6,511 −$149K
Holding — Exit 0 $3.04 $115K −37,862 −$115K
Holding — Exit 0 — — −45,362 $—

Weight bar: held both quarters added sold at this quarter’s reported price

* Reported price is value ÷ shares from the 13F as of period end, not a live market quote. Weight % is each long-equity position ÷ full 13F AUM, so rows may not sum to 100% when the filing includes options or other non-equity (excluded from this table). Share change and $ change are vs 2022 Q4. Click a column header to sort, or New, Hold, Add or Reduce to bring those moves to the top. Exit opens the last-held block below.

Filings history

20 periods, with AUM normalized

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