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

2024 Q1 2023 Q4, filed 3 May, long equity only

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MGA, Magna International	4.57%, was 3.79%	Add +40.1%	18,043,349	$73.79	$1.3B	+5,166,536	+$323M
CTSH, Cognizant	4.19%, was 4.93%	Reduce −4.0%	16,666,771	$73.29	$1.2B	−698,427	−$90M
COF, Capital One	3.73%, was 3.82%	Reduce −5.9%	7,297,565	$148.89	$1.1B	−453,478	+$70M
DOW, DOW Inc	3.68%, was 3.83%	Reduce −0.2%	18,518,299	$57.93	$1.1B	−42,057	+$55M
BAX, Baxter International	3.58%, was 3.53%	Add +0.6%	24,405,420	$42.74	$1B	+135,250	+$105M
C, Citigroup	3.54%	Reduce −3.1%	16,322,516	$63.24	$1B	−528,120	+$165M
WFC, Wells Fargo	3.41%	Reduce −4.7%	17,129,130	$57.96	$993M	−842,589	+$108M
EQH, Equitable	3.30%, was 3.33%	Reduce −4.7%	25,320,633	$38.01	$962M	−1,247,430	+$78M
EIX, Edison International	3.30%	Add +2.3%	13,605,080	$70.73	$962M	+305,459	+$11M
SSNC, SS&C Technologies	3.21%	Add +0.3%	14,519,103	$64.37	$935M	+46,211	+$50M
LEA, Lear	3.10%, was 3.32%	Reduce −0.2%	6,241,781	$144.88	$904M	−12,076	+$21M
CHTR, Charter Communications	2.84%, was 2.12%	Add +96.5%	2,848,459	$290.63	$828M	+1,399,034	+$264M
UBS	2.83%, was 2.96%	Reduce −1.6%	29,670,539	$27.74	$823M	−474,574	+$36M
BAC, Bank of America	2.79%, was 2.60%	Add +4.7%	21,465,791	$37.92	$814M	+954,885	+$123M
PVH, Phillips Van Heusen	2.58%, was 2.91%	Reduce −15.9%	5,339,437	$140.61	$751M	−1,006,231	−$24M
MET, MetLife	2.55%	Reduce −0.8%	10,029,230	$74.11	$743M	−83,372	+$75M
NOV, NOV Inc	2.35%	Add +12.7%	35,072,648	$19.52	$685M	+3,946,504	+$53M
MDT, Medtronic	2.29%	Add +2.2%	7,669,192	$87.15	$668M	+168,630	+$50M
BMY, Bristol Myers Squibb	2.29%, was 1.08%	Add +119.8%	12,293,913	$54.23	$667M	+6,701,097	+$380M
TSN, Tyson Foods	2.13%, was 1.19%	Add +79.2%	10,550,056	$58.73	$620M	+4,662,332	+$303M
CVS, CVS Health	1.52%, was 0.24%	Add +573.8%	5,553,457	$79.76	$443M	+4,729,207	+$378M
NWL, Newell Brands	1.48%, was 1.77%	Reduce −0.6%	53,791,092	$8.03	$432M	−305,676	−$38M
AVT, Avnet	1.46%, was 1.64%	Reduce −0.4%	8,594,535	$49.58	$426M	−38,282	−$9M
TEL, TE Connectivity	1.40%, was 1.35%	Add +9.3%	2,798,532	$145.24	$406M	+238,370	+$47M
DOX, Amdocs	1.32%	Add +0.4%	4,254,777	$90.37	$385M	+15,264	+$12M
SWKS, Skyworks Solutions	1.28%, was 1.14%	Add +27.5%	3,429,148	$108.32	$371M	+740,048	+$69M
FMS, Fresenius Medical Care	1.08%	Add 0.0%	16,271,972	$19.28	$314M	+4,480	−$25M
DG, Dollar General	1.04%	New	1,933,475	$156.06	$302M	+1,933,475	+$302M
GPN, Global Payments	1.00%, was 1.05%	Reduce −0.4%	2,183,075	$133.66	$292M	−9,152	+$13M
VOYA, Voya Financial	0.96%, was 1.04%	Reduce 0.0%	3,780,540	$73.92	$279M	−478	+$3.6M
WAB, Wabtec	0.93%, was 2.17%	Reduce −59.3%	1,850,334	$145.68	$270M	−2,700,906	−$308M
JPM, JPMorgan Chase	0.90%, was 1.13%	Reduce −25.6%	1,314,755	$200.30	$263M	−453,519	−$37M
SHEL, Shell	0.90%, was 0.96%	Reduce −0.1%	3,893,439	$67.04	$261M	−4,652	+$4.5M
NOK, Nokia	0.82%, was 0.67%	Add +29.0%	67,489,193	$3.54	$239M	+15,175,751	+$60M
PFE, Pfizer	0.73%, was 0.29%	Add +181.6%	7,670,445	$27.75	$213M	+4,947,000	+$134M
GS, Goldman Sachs	0.68%, was 0.69%	Reduce −0.3%	471,640	$417.69	$197M	−1,209	+$15M
CI, Cigna	0.67%	Reduce −0.5%	541,408	$363.19	$197M	−2,918	+$34M
MHK, Mohawk Industries	0.66%	Reduce −3.1%	1,462,593	$130.89	$191M	−46,971	+$35M
CNO, Cno Financial Group	0.62%, was 0.73%	Reduce −6.4%	6,536,980	$27.48	$180M	−445,704	−$15M
GIL, Gildan Activewear	0.60%, was 1.19%	Reduce −50.6%	4,743,931	$37.13	$176M	−4,858,215	−$141M
OLN, Olin	0.58%, was 0.59%	Reduce −0.8%	2,878,218	$58.80	$169M	−24,467	+$13M
BAP, Credicorp	0.54%, was 0.51%	Add +3.9%	933,764	$169.43	$158M	+35,167	+$23M
JELD, Jeld-Wen	0.54%, was 0.52%	Add +0.5%	7,381,799	$21.23	$157M	+34,604	+$18M
AIG	0.45%	Reduce −0.5%	1,694,874	$78.17	$132M	−8,808	+$17M
DIS, Disney	0.44%, was 0.59%	Reduce −40.3%	1,046,343	$122.36	$128M	−706,557	−$30M
HUM, Humana	0.43%	Add +36975.8%	362,972	$346.72	$126M	+361,993	+$125M
ZTO, Zto Express Cayman	0.42%, was 0.09%	Add +437.9%	5,889,745	$20.94	$123M	+4,794,773	+$100M
Gap	0.42%, was 0.44%	Reduce −21.2%	4,394,196	$27.55	$121M	−1,183,142	+$4.4M
LDOS, Leidos	0.41%, was 0.47%	Reduce −20.8%	907,485	$131.09	$119M	−237,635	−$5M
SPB	0.40%, was 0.32%	Add +21.7%	1,315,483	$89.01	$117M	+234,784	+$31M
AXS, Axis Cap	0.40%	Reduce −4.6%	1,790,876	$65.02	$116M	−86,014	+$13M
AXTA, Axalta Coating Systems	0.38%, was 0.43%	Reduce −6.2%	3,191,194	$34.39	$110M	−211,801	−$5.9M
AAP, Advance Auto Parts	0.37%	Reduce −3.6%	1,252,733	$85.09	$107M	−46,431	+$27M
ELV, Elevance Health	0.34%	Reduce −0.2%	193,219	$518.54	$100M	−331	+$8.9M
WBS, Webster Financial	0.32%, was 0.38%	Reduce −7.1%	1,856,880	$50.77	$94M	−141,490	−$7.2M
MRC Global	0.32%, was 0.29%	Add +5.1%	7,360,439	$12.57	$93M	+358,580	+$15M
Steelcase	0.32%, was 0.40%	Reduce −10.0%	7,059,651	$13.08	$92M	−783,594	−$14M
REZI, Resideo Technologies	0.31%, was 0.32%	Reduce −10.0%	4,073,568	$22.42	$91M	−451,590	+$6.2M
DRH, Diamondrock Hospitality	0.30%, was 0.33%	Reduce −4.1%	9,051,357	$9.61	$87M	−386,825	−$1.6M
UHS, Universal Health Services	0.29%, was 0.18%	Add +41.2%	455,773	$182.46	$83M	+132,942	+$34M
BDC, Belden	0.27%	Reduce −6.6%	854,556	$92.61	$79M	−60,368	+$8.5M
GD, General Dynamics	0.26%, was 0.34%	Reduce −21.6%	270,352	$282.49	$76M	−74,426	−$13M
HSIC, Henry Schein	0.26%, was 0.23%	Add +22.2%	989,671	$75.52	$75M	+180,113	+$13M
CAH, Cardinal Health	0.25%, was 0.44%	Reduce −43.0%	661,064	$111.90	$74M	−499,565	−$43M
KFY, Korn Ferry	0.25%, was 0.20%	Add +24.6%	1,118,694	$65.76	$74M	+220,564	+$20M
MS, Morgan Stanley	0.24%	Add +0.3%	751,834	$94.16	$71M	+2,043	+$875K
XOM, Exxon Mobil	0.24%	Reduce −0.1%	596,285	$116.24	$69M	−695	+$9.6M
OEC, Orion	0.23%, was 0.32%	Reduce −5.7%	2,868,493	$23.52	$67M	−172,158	−$17M
CNXC, Concentrix	0.23%, was 0.11%	Add +246.3%	1,013,208	$66.22	$67M	+720,616	+$38M
CHRW, C.H. Robinson	0.23%	New	873,048	$76.14	$66M	+873,048	+$66M
SCSC, Scansource	0.23%, was 0.28%	Reduce −20.4%	1,506,913	$44.04	$66M	−386,238	−$8.6M
CBRE, CBRE Group	0.22%, was 0.24%	Reduce −0.1%	671,431	$97.24	$65M	−811	+$2.7M
ADNT, Adient	0.22%	Add +8.9%	1,978,961	$32.92	$65M	+161,579	−$933K
TCOM, Trip.com	0.22%, was 0.37%	Reduce −45.8%	1,468,689	$43.89	$64M	−1,243,121	−$33M
TRS, Trimas	0.22%, was 0.24%	Reduce −6.2%	2,393,520	$26.73	$64M	−159,247	−$683K
HAL, Halliburton	0.21%, was 0.29%	Reduce −26.5%	1,552,445	$39.42	$61M	−560,621	−$15M
FNF, Fidelity National Financial	0.20%, was 0.21%	Reduce −0.1%	1,075,751	$53.10	$57M	−839	+$2.2M
ONB, Old National Bancorp Ind	0.19%, was 0.23%	Reduce −9.1%	3,248,402	$17.41	$57M	−325,463	−$3.8M
ASB, Associated Banc	0.19%, was 0.23%	Reduce −8.3%	2,592,922	$21.51	$56M	−233,864	−$4.7M
UVV, Universal Corporation Va	0.19%, was 0.28%	Reduce −1.6%	1,069,964	$51.72	$55M	−17,098	−$18M
AHQ	0.19%, was 0.22%	Reduce −12.7%	539,856	$101.66	$55M	−78,586	−$2.5M
MBC, Masterbrand	0.19%	Reduce −14.5%	2,900,671	$18.74	$54M	−493,615	+$4M
TILE, Interface	0.18%	Reduce −8.5%	3,194,086	$16.82	$54M	−296,238	+$9.7M
MCK, McKesson	0.18%	Reduce −0.2%	97,964	$536.85	$53M	−199	+$7.1M
CSCO, Cisco	0.18%, was 0.11%	Add +78.0%	1,038,547	$49.91	$52M	+454,988	+$22M
FITB, Fifth Third Bancorp	0.17%	Reduce 0.0%	1,346,018	$37.21	$50M	−146	+$3.7M
COLB, Columbia BKG Systems	0.16%	Add +29.8%	2,456,438	$19.35	$48M	+563,674	−$3M
CRBG, Corebridge Financial	0.16%	Reduce 0.0%	1,589,446	$28.73	$46M	−652	+$11M
MSCI, MSC Industrial Direct	0.15%, was 0.18%	Reduce 0.0%	461,901	$97.04	$45M	−65	−$2M
GL, Globe Life	0.15%, was 0.22%	Reduce −21.1%	377,744	$116.37	$44M	−101,006	−$14M
DAN, Dana	0.15%, was 0.20%	Reduce −6.3%	3,436,590	$12.70	$44M	−230,658	−$9.9M
WSFS, Wsfs Financial	0.14%, was 0.17%	Reduce −7.0%	932,721	$45.14	$42M	−70,726	−$4M
GMS	0.14%, was 0.21%	Reduce −37.0%	419,665	$97.34	$41M	−246,496	−$14M
RHI, Robert Half	0.14%, was 0.10%	Add +68.9%	507,371	$79.28	$40M	+206,885	+$14M
RF, Regions Financial	0.14%	Hold	1,899,232	$21.04	$40M	—	—
USNA, Usana Health Sciences	0.13%	Add +3.1%	785,344	$48.50	$38M	+23,729	−$2.7M
TBI, Trueblue	0.13%, was 0.18%	Reduce −3.1%	2,995,474	$12.52	$38M	−96,863	−$9.9M
JNJ, Johnson & Johnson	0.13%, was 0.38%	Reduce −63.9%	230,253	$158.19	$36M	−407,409	−$64M
ABEV, Ambev	0.12%, was 0.15%	Reduce −0.2%	14,205,334	$2.48	$35M	−22,108	−$4.6M
VREX, Varex Imaging	0.11%, was 0.08%	Add +68.7%	1,815,759	$18.10	$33M	+739,224	+$11M
BIDU, Baidu	0.11%	Add +22.3%	298,781	$105.28	$31M	+54,490	+$2.4M
HOFT	0.11%, was 0.14%	Reduce −9.3%	1,293,874	$24.01	$31M	−132,165	−$6.1M
Synovus Financial	0.11%, was 0.12%	Reduce −5.4%	771,557	$40.06	$31M	−43,756	+$212K
SHG	0.10%	Reduce −1.6%	846,316	$35.49	$30M	−13,811	+$3.6M
RGA, Reinsurance Group	0.10%, was 0.19%	Reduce −51.5%	149,387	$192.88	$29M	−158,594	−$21M
ARW, Arrow Electrs	0.10%, was 0.11%	Reduce −6.6%	221,245	$129.46	$29M	−15,726	−$327K
FBIN, Fortune Brands	0.10%	Reduce 0.0%	335,729	$84.67	$28M	−6	+$2.9M
Rev Group	0.09%, was 0.17%	Reduce −50.1%	1,252,165	$22.09	$28M	−1,258,716	−$18M
KEY, Keycorp	0.09%, was 0.10%	Reduce −1.0%	1,745,986	$15.81	$28M	−18,433	+$2.2M
UVSP	0.09%, was 0.12%	Reduce −9.6%	1,318,891	$20.82	$27M	−140,030	−$4.7M
BFH, Bread Financial	0.09%, was 0.10%	Reduce −12.7%	704,743	$37.24	$26M	−102,814	−$356K
KOP, Koppers	0.09%, was 0.10%	Reduce −10.7%	475,632	$55.17	$26M	−56,941	−$1M
Phibro Animal Health	0.09%	Reduce −1.1%	1,968,167	$12.93	$25M	−21,391	+$2.4M
Masonite International	0.08%, was 0.21%	Reduce −71.1%	188,173	$131.45	$25M	−462,327	−$30M
CMA, Comerica	0.08%, was 0.09%	Reduce 0.0%	433,892	$54.99	$24M	−105	−$362K
GCO, Genesco	0.07%, was 0.10%	Reduce −2.8%	744,176	$28.14	$21M	−21,178	−$6M
MDU Resources Group	0.07%	Reduce 0.0%	795,200	$25.20	$20M	−135	+$4.3M
MTZ, Mastec	0.06%	Hold	201,777	$93.25	$19M	—	—
IVZ, Invesco	0.06%, was 0.08%	Reduce −0.5%	1,114,451	$16.59	$18M	−5,919	−$1.5M
Genpact	0.06%	Hold	505,310	$32.95	$17M	—	—
HDB, HDFC Bank	0.05%	Add +0.2%	284,060	$55.97	$16M	+477	−$3.1M
ETR, Entergy	0.04%	Hold	110,648	$105.68	$12M	—	—
TSM, Taiwan Semiconductor	0.04%, was 0.22%	Reduce −86.3%	76,068	$136.05	$10M	−480,731	−$48M
MMI, Marcus & Millichap	0.03%	Add +3.8%	288,835	$34.17	$9.9M	+10,529	−$2.3M
IBN, Icici Bank	0.03%	Hold	365,168	$26.41	$9.6M	—	—
AYI, Acuity Brands	0.02%, was 0.33%	Reduce −94.9%	21,567	$268.73	$5.8M	−403,974	−$81M
BABA, Alibaba	0.02%	Add +3.9%	65,393	$72.36	$4.7M	+2,467	−$146K
Shyft Group	0.01%	New	327,733	$12.42	$4.1M	+327,733	+$4.1M
CIG	0.01%	Add +0.8%	1,217,996	$2.47	$3M	+9,800	+$205K
VALE, Vale SA	0.01%	Add +73.1%	229,345	$12.19	$2.8M	+96,850	+$694K
Sasol	0.01%	Add +53.0%	352,561	$7.81	$2.8M	+122,108	+$463K
PBR, Petroleo Brasileiro	0.01%	Add +0.1%	168,134	$14.90	$2.5M	+140	−$62K
KB, KB Financial Group	0.01%	Add +22.1%	38,941	$52.07	$2M	+7,040	+$708K
ITUB, Itau Unibanco	0.01%	Add +0.4%	230,664	$6.93	$1.6M	+941	+$2K
BCS, Barclays	0.00%	Reduce −0.5%	101,228	$9.45	$957K	−558	+$155K
ING, ING Groep	0.00%	Reduce −0.5%	53,170	$16.49	$877K	−248	+$74K
HSBC	0.00%	Reduce −0.5%	17,045	$39.36	$671K	−90	−$24K
MT, Arcelormittal SA Luxembourg	0.00%	Reduce −0.2%	24,122	$27.58	$665K	−40	−$21K
ITRN, Ituran Location And Control	0.00%	Hold	21,907	$27.96	$613K	—	—
GE, GE Aerospace	0.00%, was 0.61%	Reduce −99.8%	3,127	$175.53	$549K	−1,262,948	−$161M
NWG, Natwest Group	0.00%	Add +13.6%	79,987	$6.80	$544K	+9,555	+$147K
ACGL, Arch Capital Group	0.00%	Reduce −4.7%	5,691	$92.44	$526K	−280	+$83K
UTHR, United Therapeutics	0.00%	Add +3.7%	2,097	$229.72	$482K	+75	+$37K
EXEL, Exelixis	0.00%	Add +4.0%	19,734	$23.73	$468K	+755	+$13K
TMUS, T-Mobile US	0.00%	Reduce −9.3%	2,859	$163.22	$467K	−293	−$39K
PHG, Koninklijke Philips	0.00%	Reduce −33.9%	23,244	$20.00	$465K	−11,942	−$356K
GILD, Gilead Sciences	0.00%	Add +6.1%	6,230	$73.25	$456K	+359	−$19K
QRVO, Qorvo	0.00%	Add +51.7%	3,446	$114.83	$396K	+1,174	+$140K
DELL, Dell Technologies	0.00%	Reduce −27.5%	2,798	$114.11	$319K	−1,062	+$24K
LPLA, LPL Financial	0.00%	Reduce −14.2%	1,019	$264.20	$269K	−168	−$1K
SMFG	0.00%	Reduce −1.8%	22,739	$11.77	$268K	−415	+$44K
DLTR, Dollar Tree	0.00%	Add +15.2%	1,949	$133.15	$260K	+257	+$19K
CMCSA, Comcast	0.00%	Reduce −1.2%	5,135	$43.35	$223K	−65	−$5K
Vodafone Group	0.00%	Add +3.9%	12,398	$8.90	$110K	+462	+$7K

Showing top 50 of 154 by value

Exits / last held

Gone since 2023 Q4, shown at their last reported size.

Stock	% of portfolio	Recent activity	Reported price*	Value	Share change	$ change
Juniper Networks	0.14%	Exit	$29.48	$36M	−1,232,131	−$36M
Skechers	0.11%	Exit	$62.34	$29M	−469,476	−$29M
FLEX, Flextronics	0.11%	Exit	$30.46	$29M	−941,135	−$29M
AIG, American Eqty Investment Life HLD	0.11%	Exit	$55.80	$28M	−503,490	−$28M
ORCL, Oracle	0.05%	Exit	$105.43	$12M	−115,138	−$12M
Natura &CO	0.01%	Exit	$6.84	$1.6M	−233,434	−$1.6M
ACWX, iShares Trust	—	Exit	$51.02	$980K	−19,209	−$980K
DVA, DaVita	—	Exit	$104.78	$599K	−5,717	−$599K
TRV, Travelers	—	Exit	$190.36	$458K	−2,406	−$458K
IGT, Ingredion	—	Exit	$108.62	$451K	−4,152	−$451K
ULTA, Ulta Beauty	—	Exit	$489.82	$433K	−884	−$433K
JD, JD.com	—	Exit	$28.87	$432K	−14,965	−$432K
MKL, Markel Group	—	Exit	$1,419	$322K	−227	−$322K

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