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

2023 Q4 2023 Q3, filed 9 Feb, long equity only

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CTSH, Cognizant	4.93%, was 5.09%	Reduce −0.6%	17,365,198	$75.53	$1.3B	−112,713	+$128M
DOW, DOW Inc	3.83%	Add +1.8%	18,560,356	$54.84	$1B	+329,676	+$78M
COF, Capital One	3.82%, was 3.18%	Add +1.6%	7,751,043	$131.12	$1B	+124,055	+$276M
MGA, Magna International	3.79%, was 2.26%	Add +31.2%	12,876,813	$78.29	$1B	+3,065,804	+$482M
EIX, Edison International	3.57%, was 3.62%	Reduce −0.1%	13,299,621	$71.49	$951M	−17,266	+$108M
BAX, Baxter International	3.53%, was 0.93%	Add +324.2%	24,270,170	$38.66	$938M	+18,548,514	+$722M
EQH, Equitable	3.33%	Reduce −1.2%	26,568,063	$33.30	$885M	−334,497	+$121M
WFC, Wells Fargo	3.33%	Reduce −1.6%	17,971,719	$49.22	$885M	−297,599	+$138M
SSNC, SS&C Technologies	3.32%, was 3.21%	Add +1.7%	14,472,892	$61.11	$884M	+243,444	+$137M
LEA, Lear	3.32%, was 3.76%	Reduce −4.0%	6,253,857	$141.21	$883M	−261,513	+$8.7M
C, Citigroup	3.26%, was 2.94%	Add +1.3%	16,850,636	$51.44	$867M	+223,206	+$183M
UBS	2.96%, was 0.65%	Add +392.8%	30,145,113	$26.10	$787M	+24,027,505	+$636M
PVH, Phillips Van Heusen	2.91%	Reduce −9.0%	6,345,668	$122.12	$775M	−625,027	+$242M
BAC, Bank of America	2.60%, was 2.29%	Add +5.6%	20,510,906	$33.67	$691M	+1,080,764	+$159M
MET, MetLife	2.51%	Add 0.0%	10,112,602	$66.13	$669M	+3,610	+$33M
NOV, NOV Inc	2.37%, was 3.11%	Reduce −10.1%	31,126,144	$20.28	$631M	−3,487,853	−$92M
MDT, Medtronic	2.32%, was 1.93%	Add +30.9%	7,500,562	$82.38	$618M	+1,769,985	+$169M
WAB, Wabtec	2.17%, was 3.42%	Reduce −39.3%	4,551,240	$126.90	$578M	−2,946,836	−$219M
CHTR, Charter Communications	2.12%, was 2.76%	Reduce −0.7%	1,449,425	$388.68	$563M	−9,723	−$78M
NWL, Newell Brands	1.77%, was 2.13%	Reduce −1.3%	54,096,768	$8.68	$470M	−699,463	−$25M
AVT, Avnet	1.64%, was 1.81%	Reduce −1.1%	8,632,817	$50.40	$435M	−97,443	+$14M
DOX, Amdocs	1.40%	Add +4.8%	4,239,513	$87.89	$373M	+195,626	+$31M
TEL, TE Connectivity	1.35%, was 1.25%	Add +8.6%	2,560,162	$140.50	$360M	+203,548	+$69M
FMS, Fresenius Medical Care	1.27%, was 1.51%	Reduce −0.1%	16,267,492	$20.83	$339M	−21,442	−$12M
GIL, Gildan Activewear	1.19%, was 1.32%	Reduce −12.7%	9,602,146	$33.06	$317M	−1,394,392	+$9.4M
TSN, Tyson Foods	1.19%, was 1.18%	Add +8.2%	5,887,724	$53.75	$316M	+446,904	+$42M
SWKS, Skyworks Solutions	1.14%	New	2,689,100	$112.42	$302M	+2,689,100	+$302M
JPM, JPMorgan Chase	1.13%	Reduce −0.8%	1,768,274	$170.10	$301M	−14,331	+$42M
BMY, Bristol Myers Squibb	1.08%	Add +13.6%	5,592,816	$51.31	$287M	+668,622	+$1.2M
GPN, Global Payments	1.05%, was 0.85%	Add +27.8%	2,192,227	$127.00	$278M	+477,390	+$81M
VOYA, Voya Financial	1.04%, was 1.09%	Reduce −0.8%	3,781,018	$72.96	$276M	−31,455	+$23M
SHEL, Shell	0.96%, was 1.09%	Reduce −1.1%	3,898,091	$65.80	$256M	−41,648	+$2.9M
CNO, Cno Financial Group	0.73%, was 0.74%	Reduce −3.7%	6,982,684	$27.90	$195M	−271,906	+$23M
GS, Goldman Sachs	0.69%	Reduce −0.4%	472,849	$385.77	$182M	−2,081	+$29M
NOK, Nokia	0.67%	Add +22.3%	52,313,442	$3.42	$179M	+9,522,186	+$19M
CI, Cigna	0.61%, was 0.69%	Reduce −2.8%	544,326	$299.45	$163M	−15,873	+$2.7M
GE, GE Aerospace	0.61%, was 2.23%	Reduce −73.0%	1,266,075	$127.63	$162M	−3,429,221	−$357M
DIS, Disney	0.59%, was 0.36%	Add +69.3%	1,752,900	$90.29	$158M	+717,484	+$74M
OLN, Olin	0.59%, was 0.63%	Reduce −1.3%	2,902,685	$53.95	$157M	−37,973	+$9.6M
MHK, Mohawk Industries	0.59%, was 0.56%	Add +0.1%	1,509,564	$103.50	$156M	+848	+$27M
JELD, Jeld-Wen	0.52%	Reduce −3.8%	7,347,195	$18.88	$139M	−288,645	+$37M
BAP, Credicorp	0.51%, was 0.57%	Reduce −13.3%	898,597	$149.93	$135M	−138,158	+$2.1M
LDOS, Leidos	0.47%, was 0.49%	Reduce −8.2%	1,145,120	$108.24	$124M	−101,648	+$9M
CAH, Cardinal Health	0.44%, was 0.64%	Reduce −32.5%	1,160,629	$100.80	$117M	−558,043	−$32M
Gap	0.44%, was 0.60%	Reduce −57.7%	5,577,338	$20.91	$117M	−7,616,488	−$24M
AXTA, Axalta Coating Systems	0.43%, was 0.44%	Reduce −11.0%	3,402,995	$33.97	$116M	−422,565	+$13M
AIG	0.43%, was 0.71%	Reduce −37.7%	1,703,682	$67.75	$115M	−1,029,530	−$50M
Steelcase	0.40%, was 0.47%	Reduce −20.5%	7,843,245	$13.52	$106M	−2,026,798	−$4.2M
AXS, Axis Cap	0.39%, was 0.47%	Reduce −2.9%	1,876,890	$55.37	$104M	−56,100	−$5M
WBS, Webster Financial	0.38%	Reduce −3.7%	1,998,370	$50.76	$101M	−77,351	+$18M
JNJ, Johnson & Johnson	0.38%	Add +0.6%	637,662	$156.74	$100M	+3,645	+$1.2M
TCOM, Trip.com	0.37%, was 0.61%	Reduce −32.9%	2,711,810	$36.01	$98M	−1,330,509	−$44M
ELV, Elevance Health	0.34%	Add +0.4%	193,550	$471.56	$91M	+722	+$7.3M
GD, General Dynamics	0.34%	Hold	344,778	$259.67	$90M	—	—
DRH, Diamondrock Hospitality	0.33%, was 0.34%	Reduce −2.9%	9,438,182	$9.39	$89M	−281,973	+$11M
AYI, Acuity Brands	0.33%	Reduce −3.2%	425,541	$204.83	$87M	−14,136	+$12M
SPB	0.32%, was 0.37%	Reduce −2.6%	1,080,699	$79.77	$86M	−28,908	−$730K
REZI, Resideo Technologies	0.32%, was 0.33%	Reduce −6.0%	4,525,158	$18.82	$85M	−290,445	+$9.1M
OEC, Orion	0.32%	Reduce −7.4%	3,040,651	$27.73	$84M	−244,172	+$14M
AAP, Advance Auto Parts	0.30%, was 0.32%	Reduce −1.7%	1,299,164	$61.03	$79M	−21,803	+$5.4M
PFE, Pfizer	0.29%	Add +0.2%	2,723,445	$28.79	$78M	+4,315	−$12M
MRC Global	0.29%, was 0.33%	Reduce −6.0%	7,001,859	$11.01	$77M	−446,311	+$747K
HAL, Halliburton	0.29%, was 0.62%	Reduce −40.8%	2,113,066	$36.15	$76M	−1,454,780	−$68M
SCSC, Scansource	0.28%, was 0.23%	Add +4.9%	1,893,151	$39.61	$75M	+89,103	+$20M
UVV, Universal Corporation Va	0.28%	Reduce −2.7%	1,087,062	$67.32	$73M	−30,401	+$20M
BDC, Belden	0.27%	Add +32.5%	914,924	$77.25	$71M	+224,486	+$4M
MS, Morgan Stanley	0.26%	Add +0.1%	749,791	$93.25	$70M	+545	+$8.7M
ADNT, Adient	0.25%, was 0.24%	Add +17.5%	1,817,382	$36.36	$66M	+270,455	+$9.3M
CVS, CVS Health	0.24%	New	824,250	$78.96	$65M	+824,250	+$65M
TRS, Trimas	0.24%, was 0.27%	Reduce −0.7%	2,552,767	$25.33	$65M	−17,427	+$1M
CBRE, CBRE Group	0.24%, was 0.21%	Add +0.1%	672,242	$93.09	$63M	+351	+$13M
HSIC, Henry Schein	0.23%, was 0.16%	Add +61.4%	809,558	$75.71	$61M	+307,934	+$24M
ASB, Associated Banc	0.23%	Reduce −4.1%	2,826,786	$21.39	$60M	−120,968	+$10M
ONB, Old National Bancorp Ind	0.23%, was 0.24%	Reduce −6.5%	3,573,865	$16.89	$60M	−250,218	+$4.8M
XOM, Exxon Mobil	0.22%, was 0.46%	Reduce −33.9%	596,980	$99.98	$60M	−305,669	−$46M
GL, Globe Life	0.22%	Reduce −0.6%	478,750	$121.72	$58M	−2,729	+$5.9M
TSM, Taiwan Semiconductor	0.22%, was 0.31%	Reduce −32.3%	556,799	$104.00	$58M	−265,738	−$14M
AHQ	0.22%	Reduce −9.0%	618,442	$92.85	$57M	−61,290	+$6M
Masonite International	0.21%, was 0.32%	Reduce −17.8%	650,500	$84.66	$55M	−141,305	−$19M
FNF, Fidelity National Financial	0.21%	Reduce −2.2%	1,076,590	$51.02	$55M	−24,177	+$9.5M
GMS	0.21%	Reduce −4.9%	666,161	$82.43	$55M	−34,145	+$10M
DAN, Dana	0.20%, was 0.25%	Reduce −6.1%	3,667,248	$14.61	$54M	−239,964	−$3.7M
KFY, Korn Ferry	0.20%	New	898,130	$59.35	$53M	+898,130	+$53M
COLB, Columbia BKG Systems	0.19%, was 0.16%	Add +0.5%	1,892,764	$26.68	$50M	+8,524	+$12M
MBC, Masterbrand	0.19%	Reduce −5.5%	3,394,286	$14.85	$50M	−196,200	+$6.8M
RGA, Reinsurance Group	0.19%, was 0.20%	Reduce −4.3%	307,981	$161.78	$50M	−13,891	+$3.1M
UHS, Universal Health Services	0.18%	New	322,831	$152.44	$49M	+322,831	+$49M
TBI, Trueblue	0.18%, was 0.15%	Add +27.2%	3,092,337	$15.34	$47M	+661,496	+$12M
MSCI, MSC Industrial Direct	0.18%	Hold	461,966	$101.26	$47M	—	—
FITB, Fifth Third Bancorp	0.17%	Reduce −1.1%	1,346,164	$34.49	$46M	−15,139	+$12M
WSFS, Wsfs Financial	0.17%	Reduce −3.9%	1,003,447	$45.93	$46M	−40,549	+$8M
Rev Group	0.17%, was 0.24%	Reduce −27.7%	2,510,881	$18.17	$46M	−961,061	−$9.9M
MCK, McKesson	0.17%, was 0.18%	Reduce −0.8%	98,163	$462.98	$45M	−756	+$2.4M
TILE, Interface	0.17%	Reduce −3.4%	3,490,324	$12.62	$44M	−124,048	+$8.6M
USNA, Usana Health Sciences	0.15%, was 0.20%	Reduce −3.3%	761,615	$53.60	$41M	−25,824	−$5.3M
ABEV, Ambev	0.15%, was 0.16%	Reduce −0.7%	14,227,442	$2.80	$40M	−105,043	+$2.9M
HOFT	0.14%	Reduce −4.5%	1,426,039	$26.08	$37M	−67,908	+$8.1M
RF, Regions Financial	0.14%	Hold	1,899,232	$19.38	$37M	—	—
Juniper Networks	0.14%, was 0.19%	Reduce −24.2%	1,232,131	$29.48	$36M	−392,407	−$8.8M
CRBG, Corebridge Financial	0.13%, was 0.02%	Add +793.0%	1,590,098	$21.66	$34M	+1,412,040	+$31M
UVSP	0.12%	Reduce −5.0%	1,458,921	$22.03	$32M	−77,202	+$5.4M
Synovus Financial	0.12%	Reduce −3.2%	815,313	$37.65	$31M	−27,126	+$7.3M
CSCO, Cisco	0.11%	Add +0.6%	583,559	$50.52	$29M	+3,594	−$1.7M
Skechers	0.11%, was 0.58%	Reduce −83.0%	469,476	$62.34	$29M	−2,295,729	−$106M
BIDU, Baidu	0.11%, was 0.15%	Reduce −8.5%	244,291	$119.09	$29M	−22,669	−$6.8M
ARW, Arrow Electrs	0.11%	Hold	236,971	$122.25	$29M	—	—
CNXC, Concentrix	0.11%	New	292,592	$98.21	$29M	+292,592	+$29M
FLEX, Flextronics	0.11%, was 0.37%	Reduce −70.3%	941,135	$30.46	$29M	−2,226,628	−$57M
AIG, American Eqty Investment Life HLD	0.11%, was 0.19%	Reduce −37.7%	503,490	$55.80	$28M	−304,905	−$15M
KOP, Koppers	0.10%	Reduce −5.5%	532,573	$51.22	$27M	−30,985	+$5M
GCO, Genesco	0.10%, was 0.11%	Reduce −5.1%	765,354	$35.21	$27M	−41,377	+$2.1M
BFH, Bread Financial	0.10%	Add +14.0%	807,557	$32.94	$27M	+99,029	+$2.4M
SHG	0.10%	Add +0.1%	860,127	$30.78	$26M	+830	+$3.7M
RHI, Robert Half	0.10%	New	300,486	$87.92	$26M	+300,486	+$26M
FBIN, Fortune Brands	0.10%, was 0.15%	Reduce −42.0%	335,735	$76.14	$26M	−242,953	−$10M
KEY, Keycorp	0.10%, was 0.08%	Add +2.0%	1,764,419	$14.40	$25M	+34,433	+$6.8M
CMA, Comerica	0.09%	Hold	433,997	$55.81	$24M	—	—
ZTO, Zto Express Cayman	0.09%	Add +3.2%	1,094,972	$21.28	$23M	+34,203	−$2.3M
Phibro Animal Health	0.09%, was 0.11%	Reduce −3.8%	1,989,558	$11.58	$23M	−79,428	−$3.4M
VREX, Varex Imaging	0.08%, was 0.09%	Reduce −3.4%	1,076,535	$20.50	$22M	−37,523	+$1.1M
IVZ, Invesco	0.08%	Reduce −3.1%	1,120,370	$17.84	$20M	−36,201	+$3.2M
HDB, HDFC Bank	0.07%	New	283,583	$67.11	$19M	+283,583	+$19M
Genpact	0.07%	Hold	505,310	$34.71	$18M	—	—
MDU Resources Group	0.06%	Hold	795,335	$19.80	$16M	—	—
MTZ, Mastec	0.06%	Hold	201,777	$75.72	$15M	—	—
MMI, Marcus & Millichap	0.05%	Add +974.0%	278,306	$43.68	$12M	+252,394	+$11M
ORCL, Oracle	0.05%, was 0.30%	Reduce −82.6%	115,138	$105.43	$12M	−547,480	−$58M
ETR, Entergy	0.04%	Hold	110,648	$101.19	$11M	—	—
IBN, Icici Bank	0.03%, was 0.11%	Reduce −68.4%	365,168	$23.84	$8.7M	−789,293	−$18M
BABA, Alibaba	0.02%	Add +46.9%	62,926	$77.51	$4.9M	+20,083	+$1.2M
CIG	0.01%	Reduce −7.5%	1,208,196	$2.32	$2.8M	−98,300	−$359K
PBR, Petroleo Brasileiro	0.01%	Reduce −0.4%	167,994	$15.28	$2.6M	−709	+$254K
Sasol	0.01%	Reduce −0.2%	230,453	$9.94	$2.3M	−352	−$864K
VALE, Vale SA	0.01%	New	132,495	$15.86	$2.1M	+132,495	+$2.1M
Natura &CO	0.01%	Hold	233,434	$6.84	$1.6M	—	—
ITUB, Itau Unibanco	0.01%	Reduce −14.9%	229,723	$6.95	$1.6M	−40,339	+$146K
KB, KB Financial Group	0.00%, was 0.01%	Reduce −6.8%	31,901	$41.37	$1.3M	−2,340	−$88K
PHG, Koninklijke Philips	0.00%	Hold	35,186	$23.33	$821K	—	—
ING, ING Groep	0.00%	Hold	53,418	$15.02	$802K	—	—
BCS, Barclays	0.00%	Hold	101,786	$7.88	$802K	—	—
HSBC	0.00%	Hold	17,135	$40.54	$695K	—	—
MT, Arcelormittal SA Luxembourg	0.00%	Hold	24,162	$28.39	$686K	—	—
ITRN, Ituran Location And Control	0.00%	Reduce −14.0%	21,907	$27.24	$597K	−3,581	−$165K
TMUS, T-Mobile US	0.00%	Reduce −2.7%	3,152	$160.33	$505K	−86	+$52K
GILD, Gilead Sciences	0.00%	Reduce −2.2%	5,871	$81.01	$476K	−130	+$26K
TRV, Travelers	0.00%	Add +2.5%	2,406	$190.49	$458K	+59	+$75K
EXEL, Exelixis	0.00%	Reduce −13.8%	18,979	$23.99	$455K	−3,048	−$26K
IGT, Ingredion	0.00%	Reduce −2.1%	4,152	$108.53	$451K	−87	+$33K
HUM, Humana	0.00%	Add +22.4%	979	$457.81	$448K	+179	+$59K
UTHR, United Therapeutics	0.00%	Add +8.5%	2,022	$219.89	$445K	+159	+$24K
ACGL, Arch Capital Group	0.00%	Add +91.3%	5,971	$74.27	$443K	+2,849	+$195K
ULTA, Ulta Beauty	0.00%	Reduce −1.8%	884	$489.99	$433K	−16	+$74K
NWG, Natwest Group	0.00%	Add +44.0%	70,432	$5.63	$397K	+21,524	+$111K
MKL, Markel Group	0.00%	Add +48.4%	227	$1,420	$322K	+74	+$97K
LPLA, LPL Financial	0.00%	Reduce −7.0%	1,187	$227.62	$270K	−90	−$33K
QRVO, Qorvo	0.00%	Reduce −10.3%	2,272	$112.61	$256K	−261	+$14K
CMCSA, Comcast	0.00%	Reduce −3.0%	5,200	$43.85	$228K	−161	−$10K
SMFG	0.00%	Hold	23,154	$9.68	$224K	—	—
Vodafone Group	0.00%	Reduce −3.6%	11,936	$8.70	$104K	−451	−$14K

Showing top 50 of 159 by value

Exits / last held

Gone since 2023 Q3, shown at their last reported size.

Stock	% of portfolio	Recent activity	Reported price*	Value	Share change	$ change
BKNG, Booking Holdings	0.90%	Exit	$3,084	$211M	−68,289	−$211M
HPE, Hewlett Packard Enterprise	0.31%	Exit	$17.37	$71M	−4,091,921	−$71M
AMGN, Amgen	0.27%	Exit	$268.76	$63M	−235,266	−$63M
TEX, Terex	0.11%	Exit	$57.62	$26M	−445,047	−$26M
Argo Group International	0.06%	Exit	$29.84	$15M	−503,236	−$15M
VZ, Verizon	0.03%	Exit	$32.41	$7.5M	−230,539	−$7.5M
CLS, Celestica	0.02%	Exit	$24.52	$5.3M	−215,920	−$5.3M
DBX, Dropbox	—	Exit	$27.24	$463K	−17,000	−$463K
SEB, Seaboard	—	Exit	$3,756	$293K	−78	−$293K

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