Pzena Investment Management
Richard PzenaNEW YORK, NYfiles as PZENA INVESTMENT MANAGEMENT LLC
$34.1bn in 161 US stocks at the end of 30 June 2026. The top 10 are 37.6% of the money. It changed about 11.3% of the portfolio this quarter.
Value
$34.1bn
Stocks
161
Top 10 share
37.6%
Turnover
11.3%
What changed this quarter
New
Bought for the first time this quarter.
- WorkdayWDAY0.7% of the fund
- KE HldgsBEKE0.4% of the fund
- SAP SESAP<0.1% of the fund
- Zebra TechnologiesZBRA<0.1% of the fund
- ToastTOST<0.1% of the fund
- OracleORCL<0.1% of the fund
- NvidiaNVDA<0.1% of the fund
- QorvoQRVO<0.1% of the fund
- Expedia GroupEXPE<0.1% of the fund
- SalesforceCRM<0.1% of the fund
- GE VernovaGEV<0.1% of the fund
- State StreetSTT<0.1% of the fund
Added
Bought more of a stock they already held.
- Dollar GeneralDG3.5% of the fund+48%
- Cognizant Technology SolutionsCTSH3.0% of the fund+31%
- Corebridge FinancialCRBG2.8% of the fund+25%
- PPG IndustriesPPG2.8% of the fund+4%
- AmdocsDOX2.1% of the fund+10%
- SS&C Technologies HoldingsSSNC2.0% of the fund+14%
- AccentureACN1.9% of the fund+114%
- PVHPVH1.3% of the fund+4%
- LKQLKQ1.2% of the fund+143%
- CDWCDW1.1% of the fund+137%
- Universal Health ServicesUHS0.9% of the fund+3%
- Advance Auto PartsAAP0.8% of the fund+2%
- Joint Stock Co Kaspi.kzKSPI0.8% of the fund+15%
- Equitable HoldingsEQH0.7% of the fund+25%
- Globe LifeGL0.7% of the fund+32%
- Spectrum Brands HoldingsSPB0.6% of the fund+4%
- Magnum Ice CreamMICC0.6% of the fund+88%
- Robert HalfRHI0.6% of the fund+4%
- MasterBrandMBC0.5% of the fund+302%
- GlobantGLOB0.3% of the fund+30%
- GenpactG0.3% of the fund+353%
- Walt DisneyDIS0.2% of the fund+879%
- ABM IndustriesABM0.2% of the fund+19%
- ConcentrixCNXC0.2% of the fund+16%
- Old National BancorpONB0.2% of the fund+6%
Cut
Sold some of their stake.
- Magna InternationalMGA6.5% of the fund-6%
- HumanaHUM5.1% of the fund-20%
- CVS HealthCVS3.6% of the fund-15%
- UBS Group AGUBS2.7% of the fund-15%
- CitigroupC2.3% of the fund-32%
- NOVNOV2.0% of the fund-3%
- DOWDOW1.0% of the fund-34%
- CredicorpBAP1.0% of the fund-8%
- Voya FinancialVOYA0.9% of the fund-4%
- AvnetAVT0.8% of the fund-45%
- Delta Air LinesDAL0.7% of the fund-7%
- ShellSHEL0.6% of the fund-19%
- Cigna GroupCI0.5% of the fund-3%
- Cisco SystemsCSCO0.4% of the fund-2%
- HalliburtonHAL0.4% of the fund-3%
- TE ConnectivityTEL0.3% of the fund-8%
- Sensata Technologies HoldingST0.3% of the fund-35%
- Morgan StanleyMS0.3% of the fund-5%
- Fifth Third BancorpFITB0.3% of the fund-3%
- ExxonMobil HoldingsXOM0.2% of the fund-4%
- OlinOLN0.2% of the fund-12%
- TeleflexTFX0.2% of the fund-14%
- Douglas DynamicsPLOW0.2% of the fund-13%
- Henry ScheinHSIC0.2% of the fund-3%
- NokiaNOK0.2% of the fund-92%
Sold out
Sold their entire stake.
- Westinghouse Air Brake TechnologiesWAB-100%
- American Woodmark Corporatio-100%
- Johnson & JohnsonJNJ-100%
- TrimasTRS-100%
- Cirrus LogicCRUS-100%
- Hologic-100%
- Hartford Insurance GroupHIG-100%
- IntuitINTU-100%
- T-Mobile USTMUS-100%
Holdings
- Magna InternationalMGA
- Share
- 6.5%
- Value
- $2.2bn
- Shares
- 23,882,824
-6%
- Fresenius Medical Care AGFMS
- Share
- 1.0%
- Value
- $339m
- Shares
- 14,992,081
Held
- ShellSHEL
- Share
- 0.6%
- Value
- $200m
- Shares
- 2,581,244
-19%
- ZTO Express CaymanZTO
- Share
- 0.5%
- Value
- $164m
- Shares
- 7,322,331
Held
- KE HldgsBEKE
- Share
- 0.4%
- Value
- $129m
- Shares
- 8,877,643
New
- NokiaNOK
- Share
- 0.2%
- Value
- $67m
- Shares
- 5,010,906
-92%
- Shinhan Financial Group CO LSHG
- Share
- 0.1%
- Value
- $42m
- Shares
- 669,474
-3%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Magna InternationalMGA | 6.5% | $2.2bn | 23,882,824 | -6% |
| HumanaHUM | 5.1% | $1.7bn | 4,403,136 | -20% |
| Baxter InternationalBAX | 4.1% | $1.4bn | 65,295,393 | Held |
| CVS HealthCVS | 3.6% | $1.2bn | 11,769,536 | -15% |
| Dollar GeneralDG | 3.5% | $1.2bn | 10,222,060 | +48% |
| Skyworks SolutionsSWKS | 3.2% | $1.1bn | 15,973,040 | Held |
| Cognizant Technology SolutionsCTSH | 3.0% | $1.0bn | 26,529,172 | +31% |
| Bristol-Myers SquibbBMY | 2.9% | $980m | 17,007,044 | Held |
| Tyson FoodsTSN | 2.9% | $974m | 17,016,651 | Held |
| Corebridge FinancialCRBG | 2.8% | $967m | 33,789,727 | +25% |
| PPG IndustriesPPG | 2.8% | $947m | 7,807,438 | +4% |
| MetLifeMET | 2.8% | $942m | 11,130,983 | Held |
| Capital One FinancialCOF | 2.7% | $922m | 4,593,920 | Held |
| UBS Group AGUBS | 2.7% | $906m | 22,604,129 | -15% |
| LearLEA | 2.6% | $890m | 6,638,413 | Held |
| Global PaymentsGPN | 2.5% | $848m | 11,691,625 | Held |
| CitigroupC | 2.3% | $777m | 5,548,789 | -32% |
| Wells Fargo & CompanyWFC | 2.1% | $730m | 8,827,468 | Held |
| AmdocsDOX | 2.1% | $707m | 13,985,330 | +10% |
| SS&C Technologies HoldingsSSNC | 2.0% | $685m | 11,036,568 | +14% |
| NOVNOV | 2.0% | $675m | 36,376,087 | -3% |
| AccentureACN | 1.9% | $640m | 5,142,176 | +114% |
| PVHPVH | 1.3% | $445m | 5,986,677 | +4% |
| LKQLKQ | 1.2% | $399m | 15,142,285 | +143% |
| CDWCDW | 1.1% | $371m | 2,638,900 | +137% |
| Bank of AmericaBAC | 1.1% | $360m | 6,310,363 | Held |
| DOWDOW | 1.0% | $342m | 12,507,011 | -34% |
| Fresenius Medical Care AGFMS | 1.0% | $339m | 14,992,081 | Held |
| CredicorpBAP | 1.0% | $326m | 836,569 | -8% |
| Voya FinancialVOYA | 0.9% | $320m | 3,529,646 | -4% |
| Newell BrandsNWL | 0.9% | $295m | 47,990,664 | Held |
| Universal Health ServicesUHS | 0.9% | $293m | 1,969,327 | +3% |
| AvnetAVT | 0.8% | $277m | 3,120,395 | -45% |
| Advance Auto PartsAAP | 0.8% | $273m | 4,389,501 | +2% |
| Joint Stock Co Kaspi.kzKSPI | 0.8% | $266m | 3,071,888 | +15% |
| MedtronicMDT | 0.7% | $246m | 3,147,999 | Held |
| Delta Air LinesDAL | 0.7% | $245m | 2,618,707 | -7% |
| Equitable HoldingsEQH | 0.7% | $244m | 5,561,804 | +25% |
| Globe LifeGL | 0.7% | $242m | 1,355,811 | +32% |
| WorkdayWDAY | 0.7% | $241m | 1,971,270 | New |
| Spectrum Brands HoldingsSPB | 0.6% | $208m | 2,420,808 | +4% |
| Magnum Ice CreamMICC | 0.6% | $201m | 13,199,616 | +88% |
| ShellSHEL | 0.6% | $200m | 2,581,244 | -19% |
| Robert HalfRHI | 0.6% | $191m | 6,222,305 | +4% |
| ZTO Express CaymanZTO | 0.5% | $164m | 7,322,331 | Held |
| MasterBrandMBC | 0.5% | $158m | 15,329,483 | +302% |
| Cigna GroupCI | 0.5% | $155m | 562,036 | -3% |
| Cisco SystemsCSCO | 0.4% | $151m | 1,281,329 | -2% |
| PfizerPFE | 0.4% | $143m | 5,958,922 | Held |
| Mohawk IndustriesMHK | 0.4% | $139m | 1,142,841 | Held |
| HalliburtonHAL | 0.4% | $133m | 3,925,702 | -3% |
| KE HldgsBEKE | 0.4% | $129m | 8,877,643 | New |
| KTKT | 0.4% | $126m | 7,286,500 | Held |
| CNO Financial GroupCNO | 0.4% | $124m | 2,441,665 | Held |
| TE ConnectivityTEL | 0.3% | $112m | 555,637 | -8% |
| GlobantGLOB | 0.3% | $112m | 3,859,718 | +30% |
| JPMorgan ChaseJPM | 0.3% | $109m | 334,094 | Held |
| Sensata Technologies HoldingST | 0.3% | $108m | 2,251,907 | -35% |
| Morgan StanleyMS | 0.3% | $95m | 454,492 | -5% |
| GenpactG | 0.3% | $91m | 3,319,546 | +353% |
| Fifth Third BancorpFITB | 0.3% | $89m | 1,584,757 | -3% |
| Arcos Dorados HoldingsARCO | 0.3% | $87m | 10,804,358 | Held |
| Elevance HealthELV | 0.3% | $87m | 224,575 | Held |
| Walt DisneyDIS | 0.2% | $85m | 883,495 | +879% |
| Constellation BrandsSTZ | 0.2% | $83m | 599,314 | Held |
| ExxonMobil HoldingsXOM | 0.2% | $81m | 589,449 | -4% |
| ABM IndustriesABM | 0.2% | $80m | 1,808,203 | +19% |
| OlinOLN | 0.2% | $77m | 3,890,204 | -12% |
| ConcentrixCNXC | 0.2% | $76m | 3,413,879 | +16% |
| TeleflexTFX | 0.2% | $76m | 603,206 | -14% |
| Douglas DynamicsPLOW | 0.2% | $75m | 1,384,680 | -13% |
| Old National BancorpONB | 0.2% | $74m | 2,843,497 | +6% |
| Henry ScheinHSIC | 0.2% | $72m | 860,733 | -3% |
| Genuine PartsGPC | 0.2% | $70m | 591,970 | +3% |
| AdientADNT | 0.2% | $69m | 3,771,026 | +4% |
| Columbia Banking SystemCOLB | 0.2% | $68m | 2,129,322 | +5% |
| Wsfs FinancialWSFS | 0.2% | $68m | 888,496 | Held |
| Marcus & MillichapMMI | 0.2% | $67m | 2,141,001 | +6% |
| NokiaNOK | 0.2% | $67m | 5,010,906 | -92% |
| OshkoshOSK | 0.2% | $64m | 415,766 | -5% |
| MillerknollMLKN | 0.2% | $62m | 3,032,700 | +52% |
| Associated Banc-CorpASB | 0.2% | $61m | 1,990,243 | +4% |
| AlphabetGOOGL | 0.2% | $61m | 171,157 | Held |
| ScansourceSCSC | 0.2% | $58m | 1,109,743 | +22% |
| Korn FerryKFY | 0.2% | $58m | 867,680 | +9% |
| Regions FinancialRF | 0.2% | $56m | 1,839,825 | Held |
| HuntsmanHUN | 0.2% | $55m | 5,161,672 | -11% |
| Aebi Schmidt Holding AGAEBI | 0.2% | $54m | 4,319,337 | +5% |
| Winnebago IndustriesWGO | 0.2% | $53m | 1,709,531 | +72% |
| Resideo TechnologiesREZI | 0.2% | $52m | 1,686,765 | +22% |
| Malibu BoatsMBUU | 0.1% | $49m | 1,794,261 | +6% |
| TargetTGT | 0.1% | $49m | 373,503 | Held |
| Koppers HoldingsKOP | 0.1% | $48m | 1,061,285 | -12% |
| Varex ImagingVREX | 0.1% | $45m | 4,344,381 | +9% |
| Healthcare Realty TrustHR | 0.1% | $45m | 2,225,430 | Held |
| MSC Industrial DirectMSM | 0.1% | $44m | 373,664 | -16% |
| Shinhan Financial Group CO LSHG | 0.1% | $42m | 669,474 | -3% |
| HDFC BankHDB | 0.1% | $42m | 1,613,476 | +6% |
| Cbre GroupCBRE | 0.1% | $41m | 305,781 | Held |
| Haverty Furniture CompaniesHVT | 0.1% | $40m | 1,563,451 | +7% |
Showing the largest 100 of 161.
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 10.8% since 30 June 2025.
Where the money is
Financial services25.0%
Health care19.2%
Technology18.8%
Retail & consumer13.4%
Everyday goods7.3%
Materials5.4%
Industrials4.1%
Energy2.6%
Media & telecom0.8%
Real estate0.5%
Other2.8%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.