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 Q2 2024 Q1, filed 2 Aug, long equity only

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CTSH, Cognizant	4.45%, was 4.19%	Add +11.7%	18,609,898	$68.00	$1.3B	+1,943,127	+$44M
MGA, Magna International	4.23%	Add +16.2%	20,958,945	$57.34	$1.2B	+2,915,596	−$130M
BAX, Baxter International	3.63%, was 3.58%	Add +26.3%	30,823,004	$33.45	$1B	+6,417,584	−$12M
DOW, DOW Inc	3.52%	Add +1.9%	18,865,864	$53.05	$1B	+347,565	−$72M
C, Citigroup	3.42%, was 3.54%	Reduce −6.2%	15,317,724	$63.46	$972M	−1,004,792	−$60M
COF, Capital One	3.37%, was 3.73%	Reduce −5.0%	6,932,548	$138.45	$960M	−365,017	−$127M
WFC, Wells Fargo	3.28%, was 3.41%	Reduce −8.3%	15,706,472	$59.39	$933M	−1,422,658	−$60M
EIX, Edison International	3.25%, was 3.30%	Reduce −5.4%	12,875,286	$71.81	$925M	−729,794	−$38M
CHTR, Charter Communications	3.18%, was 2.84%	Add +6.1%	3,023,589	$298.96	$904M	+175,130	+$76M
SSNC, SS&C Technologies	3.13%, was 3.21%	Reduce −2.1%	14,209,105	$62.67	$890M	−309,998	−$44M
HUM, Humana	3.05%, was 0.43%	Add +538.7%	2,318,347	$373.65	$866M	+1,955,375	+$740M
LEA, Lear	2.89%	Add +15.2%	7,187,890	$114.21	$821M	+946,109	−$83M
UBS	2.79%	Add +0.9%	29,951,235	$26.45	$792M	+280,696	−$31M
BAC, Bank of America	2.77%, was 2.79%	Reduce −7.6%	19,833,297	$39.77	$789M	−1,632,494	−$25M
CVS, CVS Health	2.69%, was 1.52%	Add +132.9%	12,936,388	$59.06	$764M	+7,382,931	+$321M
EQH, Equitable	2.68%, was 3.30%	Reduce −26.4%	18,642,684	$40.86	$762M	−6,677,949	−$201M
TSN, Tyson Foods	2.51%, was 2.13%	Add +18.4%	12,489,564	$57.14	$714M	+1,939,508	+$94M
MET, MetLife	2.38%, was 2.55%	Reduce −3.8%	9,646,066	$70.19	$677M	−383,164	−$66M
NOV, NOV Inc	2.35%	Add +0.3%	35,175,886	$19.01	$669M	+103,238	−$16M
MDT, Medtronic	2.30%, was 2.29%	Add +8.3%	8,307,123	$78.71	$654M	+637,931	−$15M
GPN, Global Payments	2.18%, was 1.00%	Add +194.2%	6,423,463	$96.70	$621M	+4,240,388	+$329M
PVH, Phillips Van Heusen	2.09%	Add +5.3%	5,623,706	$105.87	$595M	+284,269	−$155M
BMY, Bristol Myers Squibb	2.06%	Add +15.0%	14,134,337	$41.53	$587M	+1,840,424	−$80M
DOX, Amdocs	1.57%, was 1.32%	Add +33.2%	5,667,603	$78.92	$447M	+1,412,826	+$63M
AVT, Avnet	1.55%	Reduce −0.2%	8,576,821	$51.49	$442M	−17,714	+$16M
SWKS, Skyworks Solutions	1.53%, was 1.28%	Add +19.3%	4,090,292	$106.58	$436M	+661,144	+$64M
TEL, TE Connectivity	1.38%, was 1.40%	Reduce −6.5%	2,616,000	$150.43	$394M	−182,532	−$13M
NWL, Newell Brands	1.18%, was 1.48%	Reduce −2.4%	52,479,058	$6.41	$336M	−1,312,034	−$96M
NOK, Nokia	1.10%, was 0.82%	Add +22.3%	82,524,553	$3.78	$312M	+15,035,360	+$73M
FMS, Fresenius Medical Care	1.09%	Reduce −0.5%	16,184,221	$19.09	$309M	−87,751	−$4.8M
SHEL, Shell	0.94%	Reduce −5.2%	3,692,200	$72.18	$267M	−201,239	+$5.5M
VOYA, Voya Financial	0.92%, was 0.96%	Reduce −2.6%	3,684,112	$71.15	$262M	−96,428	−$17M
DG, Dollar General	0.86%, was 1.04%	Reduce −4.3%	1,850,151	$132.23	$245M	−83,324	−$57M
PFE, Pfizer	0.71%, was 0.73%	Reduce −5.4%	7,257,680	$27.98	$203M	−412,765	−$9.8M
GS, Goldman Sachs	0.70%	Reduce −6.9%	439,281	$452.32	$199M	−32,359	+$1.7M
JPM, JPMorgan Chase	0.68%, was 0.90%	Reduce −26.9%	960,532	$202.26	$194M	−354,223	−$69M
CI, Cigna	0.63%, was 0.67%	Reduce −0.3%	539,956	$330.57	$178M	−1,452	−$18M
CNO, Cno Financial Group	0.59%, was 0.62%	Reduce −7.8%	6,026,883	$27.72	$167M	−510,097	−$13M
BAP, Credicorp	0.53%	Add +0.1%	934,956	$161.33	$151M	+1,192	−$7.4M
OLN, Olin	0.46%, was 0.58%	Reduce −3.9%	2,766,998	$47.15	$130M	−111,220	−$39M
JELD, Jeld-Wen	0.44%	Add +26.3%	9,320,851	$13.47	$126M	+1,939,052	−$31M
MHK, Mohawk Industries	0.44%, was 0.66%	Reduce −25.3%	1,092,046	$113.59	$124M	−370,547	−$67M
ZTO, Zto Express Cayman	0.43%, was 0.42%	Add +1.2%	5,960,272	$20.75	$124M	+70,527	+$344K
KSPI, Kaspi KZ JSC	0.39%	New	867,970	$129.01	$112M	+867,970	+$112M
AXS, Axis Cap	0.38%, was 0.40%	Reduce −15.1%	1,519,972	$70.65	$107M	−270,904	−$9.1M
ELV, Elevance Health	0.37%	Reduce −0.5%	192,255	$541.86	$104M	−964	+$4M
SPB	0.36%, was 0.40%	Reduce −9.8%	1,187,128	$85.93	$102M	−128,355	−$15M
CNXC, Concentrix	0.33%, was 0.23%	Add +46.6%	1,484,907	$63.28	$94M	+471,699	+$27M
Steelcase	0.32%	Add +0.5%	7,092,675	$12.96	$92M	+33,024	−$419K
UHS, Universal Health Services	0.30%	Reduce −0.1%	455,323	$184.93	$84M	−450	+$1M
GD, General Dynamics	0.28%	Hold	270,352	$290.14	$78M	—	—
CHRW, C.H. Robinson	0.27%, was 0.23%	Add +0.5%	877,727	$88.12	$77M	+4,679	+$11M
AAP, Advance Auto Parts	0.27%, was 0.37%	Reduce −3.4%	1,210,503	$63.33	$77M	−42,230	−$30M
GL, Globe Life	0.27%, was 0.15%	Add +146.3%	930,378	$82.28	$77M	+552,634	+$33M
WBS, Webster Financial	0.27%, was 0.32%	Reduce −6.1%	1,743,173	$43.59	$76M	−113,707	−$18M
DRH, Diamondrock Hospitality	0.26%, was 0.30%	Reduce −2.4%	8,835,117	$8.45	$75M	−216,240	−$12M
MRC Global	0.26%, was 0.32%	Reduce −21.9%	5,750,384	$12.91	$74M	−1,610,055	−$18M
LDOS, Leidos	0.26%, was 0.41%	Reduce −44.6%	502,710	$145.88	$73M	−404,775	−$46M
MS, Morgan Stanley	0.26%	Reduce −0.3%	749,823	$97.19	$73M	−2,011	+$2.1M
WAB, Wabtec	0.25%, was 0.93%	Reduce −75.4%	454,395	$158.05	$72M	−1,395,939	−$198M
KFY, Korn Ferry	0.25%	Reduce −6.6%	1,044,888	$67.14	$70M	−73,806	−$3.4M
BDC, Belden	0.25%, was 0.27%	Reduce −12.9%	744,020	$93.80	$70M	−110,536	−$9.4M
XOM, Exxon Mobil	0.24%	Reduce −0.3%	594,716	$115.12	$68M	−1,569	−$848K
CAH, Cardinal Health	0.23%	Add +0.5%	664,657	$98.32	$65M	+3,593	−$8.6M
REZI, Resideo Technologies	0.22%, was 0.31%	Reduce −19.9%	3,262,732	$19.56	$64M	−810,836	−$28M
AXTA, Axalta Coating Systems	0.22%, was 0.38%	Reduce −41.7%	1,859,806	$34.17	$64M	−1,331,388	−$46M
HSIC, Henry Schein	0.22%	Hold	989,671	$64.10	$63M	—	—
CBRE, CBRE Group	0.21%, was 0.22%	Reduce −0.1%	671,038	$89.11	$60M	−393	−$5.5M
OEC, Orion	0.21%, was 0.23%	Reduce −6.1%	2,693,587	$21.94	$59M	−174,906	−$8.4M
TRS, Trimas	0.20%, was 0.22%	Reduce −5.6%	2,260,502	$25.56	$58M	−133,018	−$6.2M
ONB, Old National Bancorp Ind	0.19%	Reduce −3.2%	3,143,473	$17.19	$54M	−104,929	−$2.5M
ASB, Associated Banc	0.19%	Reduce −3.2%	2,510,879	$21.15	$53M	−82,043	−$2.7M
GIL, Gildan Activewear	0.18%, was 0.60%	Reduce −70.9%	1,380,406	$37.92	$52M	−3,363,525	−$124M
HAL, Halliburton	0.18%, was 0.21%	Reduce −0.7%	1,541,798	$33.78	$52M	−10,647	−$9.1M
MBUU, Malibu Boats	0.18%	New	1,478,316	$35.04	$52M	+1,478,316	+$52M
FNF, Fidelity National Financial	0.18%, was 0.20%	Reduce −5.1%	1,020,498	$49.42	$50M	−55,253	−$6.7M
UVV, Universal Corporation Va	0.17%, was 0.19%	Reduce −3.6%	1,031,955	$48.19	$50M	−38,009	−$5.6M
CSCO, Cisco	0.17%, was 0.18%	Reduce −0.4%	1,034,714	$47.51	$49M	−3,833	−$2.7M
COLB, Columbia BKG Systems	0.17%	Reduce −1.0%	2,432,447	$19.89	$48M	−23,991	+$849K
ADNT, Adient	0.17%, was 0.22%	Reduce −1.5%	1,948,349	$24.71	$48M	−30,612	−$17M
RHI, Robert Half	0.16%, was 0.14%	Add +42.7%	724,262	$63.98	$46M	+216,891	+$6.1M
USNA, Usana Health Sciences	0.16%, was 0.13%	Add +24.4%	976,633	$45.24	$44M	+191,289	+$6.1M
FITB, Fifth Third Bancorp	0.15%, was 0.17%	Reduce −13.1%	1,169,345	$36.49	$43M	−176,673	−$7.4M
WSFS, Wsfs Financial	0.15%	Reduce −3.5%	899,659	$47.00	$42M	−33,062	+$181K
CRBG, Corebridge Financial	0.15%, was 0.16%	Reduce −9.4%	1,439,862	$29.12	$42M	−149,584	−$3.7M
MBC, Masterbrand	0.14%, was 0.19%	Reduce −3.4%	2,803,219	$14.68	$41M	−97,452	−$13M
SCSC, Scansource	0.14%, was 0.23%	Reduce −38.4%	927,583	$44.31	$41M	−579,330	−$25M
MCK, McKesson	0.14%, was 0.18%	Reduce −31.5%	67,079	$584.04	$39M	−30,885	−$13M
DAN, Dana	0.14%, was 0.15%	Reduce −6.1%	3,225,513	$12.12	$39M	−211,077	−$4.6M
Shyft Group	0.14%, was 0.01%	Add +889.8%	3,243,834	$11.86	$38M	+2,916,101	+$34M
RF, Regions Financial	0.13%	Hold	1,899,232	$20.04	$38M	—	—
VREX, Varex Imaging	0.13%, was 0.11%	Add +41.5%	2,569,213	$14.73	$38M	+753,454	+$5M
ABEV, Ambev	0.13%, was 0.12%	Add +29.4%	18,385,312	$2.05	$38M	+4,179,978	+$2.5M
SHG	0.13%, was 0.10%	Add +27.9%	1,082,552	$34.81	$38M	+236,236	+$7.6M
Genpact	0.13%, was 0.06%	Add +130.3%	1,163,870	$32.19	$37M	+658,560	+$21M
MSCI, MSC Industrial Direct	0.13%	Hold	461,901	$79.31	$37M	—	—
AIG	0.12%, was 0.45%	Reduce −72.0%	475,206	$74.24	$35M	−1,219,668	−$97M
Gap	0.12%, was 0.42%	Reduce −67.4%	1,431,093	$23.89	$34M	−2,963,103	−$87M
JNJ, Johnson & Johnson	0.12%, was 0.13%	Reduce 0.0%	230,144	$146.16	$34M	−109	−$2.8M
FMC	0.12%	New	576,737	$57.55	$33M	+576,737	+$33M
PLOW, Douglas Dynamics	0.12%	New	1,401,875	$23.40	$33M	+1,401,875	+$33M
GCO, Genesco	0.11%, was 0.07%	Add +64.1%	1,221,342	$25.86	$32M	+477,166	+$11M
Phibro Animal Health	0.11%	Reduce −6.7%	1,837,006	$16.77	$31M	−131,161	+$5.4M
Synovus Financial	0.11%	Reduce −1.8%	757,614	$40.19	$30M	−13,943	−$460K
TBI, Trueblue	0.10%, was 0.13%	Reduce −4.2%	2,870,674	$10.30	$30M	−124,800	−$7.9M
UVSP	0.10%	Reduce −3.8%	1,268,250	$22.83	$29M	−50,641	+$1.5M
BFH, Bread Financial	0.10%	Reduce −9.6%	637,408	$44.56	$28M	−67,335	+$2.2M
DIS, Disney	0.09%, was 0.44%	Reduce −74.1%	271,489	$99.29	$27M	−774,854	−$101M
BIDU, Baidu	0.09%	Add +3.6%	309,581	$86.48	$27M	+10,800	−$4.7M
ARW, Arrow Electrs	0.09%	Hold	221,245	$120.76	$27M	—	—
TILE, Interface	0.09%, was 0.18%	Reduce −46.9%	1,695,258	$14.68	$25M	−1,498,828	−$29M
KEY, Keycorp	0.09%	Hold	1,745,986	$14.21	$25M	—	—
MAN, Manpowergroup Inc. Wis	0.09%	New	351,121	$69.80	$25M	+351,121	+$25M
AHQ	0.08%, was 0.19%	Reduce −43.7%	303,918	$78.60	$24M	−235,938	−$31M
WCC, Wesco International	0.08%	New	148,778	$158.52	$24M	+148,778	+$24M
CMA, Comerica	0.08%	Hold	433,892	$51.04	$22M	—	—
ABM, Abm Industries	0.07%	New	415,889	$50.57	$21M	+415,889	+$21M
MMI, Marcus & Millichap	0.07%, was 0.03%	Add +122.2%	641,667	$31.52	$20M	+352,832	+$10M
HDB, HDFC Bank	0.07%, was 0.05%	Add +9.4%	310,736	$64.33	$20M	+26,676	+$4.1M
TCOM, Trip.com	0.07%, was 0.22%	Reduce −73.2%	394,160	$47.00	$19M	−1,074,529	−$46M
HOFT	0.06%, was 0.11%	Reduce −1.6%	1,272,857	$14.48	$18M	−21,017	−$13M
KOP, Koppers	0.05%, was 0.09%	Reduce −15.6%	401,460	$36.99	$15M	−74,172	−$11M
IVZ, Invesco	0.05%, was 0.06%	Reduce −20.4%	886,851	$14.96	$13M	−227,600	−$5.2M
ETR, Entergy	0.04%	Hold	110,648	$107.00	$12M	—	—
TSM, Taiwan Semiconductor	0.04%	Reduce −14.1%	65,368	$173.81	$11M	−10,700	+$1M
IBN, Icici Bank	0.03%	Reduce −8.8%	333,049	$28.81	$9.6M	−32,119	−$49K
BABA, Alibaba	0.02%	Add +0.4%	65,625	$72.00	$4.7M	+232	−$7K
VALE, Vale SA	0.01%	Add +10.5%	253,398	$11.17	$2.8M	+24,053	+$35K
CIG	0.01%	Add +30.0%	1,583,394	$1.76	$2.8M	+365,398	−$222K
Sasol	0.01%	Hold	352,561	$7.61	$2.7M	—	—
PBR, Petroleo Brasileiro	0.01%	Hold	168,134	$13.64	$2.3M	—	—
KB, KB Financial Group	0.01%	Hold	38,941	$56.61	$2.2M	—	—
ITUB, Itau Unibanco	0.00%	Hold	230,664	$5.84	$1.3M	—	—
BCS, Barclays	0.00%	Reduce −3.6%	97,592	$10.71	$1M	−3,636	+$89K
ING, ING Groep	0.00%	Add +1.2%	53,810	$17.14	$922K	+640	+$46K
RGA, Reinsurance Group	0.00%, was 0.10%	Reduce −97.0%	4,457	$205.27	$915K	−144,930	−$28M
HSBC	0.00%	Reduce −0.6%	16,938	$43.50	$737K	−107	+$66K
NWG, Natwest Group	0.00%	Add +0.9%	80,678	$8.03	$648K	+691	+$104K
MT, Arcelormittal SA Luxembourg	0.00%	Add +4.0%	25,085	$22.93	$575K	+963	−$90K
ITRN, Ituran Location And Control	0.00%	Add +3.4%	22,659	$24.64	$558K	+752	−$54K
UTHR, United Therapeutics	0.00%	Reduce −23.7%	1,599	$318.55	$509K	−498	+$28K
QRVO, Qorvo	0.00%	Add +26.4%	4,356	$116.04	$505K	+910	+$110K
TMUS, T-Mobile US	0.00%	Reduce −3.7%	2,752	$176.18	$485K	−107	+$18K
HLI, Houlihan Lokey	0.00%	Add +82.4%	3,463	$134.86	$467K	+1,564	+$224K
DOCU, Docusign	0.00%	Add +45.6%	8,114	$53.50	$434K	+2,541	+$102K
LPLA, LPL Financial	0.00%	Add +51.2%	1,541	$279.30	$430K	+522	+$161K
INTC, Intel	0.00%	Add +19.5%	12,789	$30.97	$396K	+2,084	−$77K
AYI, Acuity Brands	0.00%, was 0.02%	Reduce −93.2%	1,460	$241.44	$353K	−20,107	−$5.4M
PHG, Koninklijke Philips	0.00%	Reduce −40.9%	13,737	$25.20	$346K	−9,507	−$119K
GILD, Gilead Sciences	0.00%	Reduce −26.3%	4,589	$68.61	$315K	−1,641	−$141K
DELL, Dell Technologies	0.00%	Reduce −21.8%	2,187	$137.91	$302K	−611	−$18K
SMFG	0.00%	Reduce −3.0%	22,056	$13.41	$296K	−683	+$28K
DLTR, Dollar Tree	0.00%	Add +39.9%	2,727	$106.77	$291K	+778	+$32K
CMCSA, Comcast	0.00%	Hold	5,135	$39.16	$201K	—	—
Vodafone Group	0.00%	Add +2.7%	12,737	$8.87	$113K	+339	+$3K

Showing top 50 of 155 by value

Exits / last held

Gone since 2024 Q1, shown at their last reported size.

Stock	% of portfolio	Recent activity	Reported price*	Value	Share change	$ change
GMS	0.14%	Exit	$97.34	$41M	−419,665	−$41M
FBIN, Fortune Brands	0.10%	Exit	$84.67	$28M	−335,729	−$28M
Rev Group	0.09%	Exit	$22.09	$28M	−1,252,165	−$28M
Masonite International	0.08%	Exit	$131.45	$25M	−188,173	−$25M
MDU Resources Group	0.07%	Exit	$25.20	$20M	−795,200	−$20M
MTZ, Mastec	0.06%	Exit	$93.25	$19M	−201,777	−$19M
GE, GE Aerospace	—	Exit	$175.57	$549K	−3,127	−$549K
ACGL, Arch Capital Group	—	Exit	$92.43	$526K	−5,691	−$526K
EXEL, Exelixis	—	Exit	$23.72	$468K	−19,734	−$468K
KHC, Kraft Heinz	—	Exit	$36.85	$313K	−8,494	−$313K
ALB, Albemarle	—	Exit	$131.98	$201K	−1,523	−$201K

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