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PZENA INVESTMENT MANAGEMENT LLC

Institutional InvestorSimilar funds →SEC EDGAR: CIK 1027796
Institutional-grade research for retail investors

Sector Allocation

  • Financials25.1%$8.6B
  • Healthcare20.6%$7.0B
  • Technology16.9%$5.8B
  • Industrials13.8%$4.7B
  • Consumer Staples7.4%$2.5B
  • Consumer Discretionary6.5%$2.2B
  • Materials4.8%$1.6B
  • Energy3.3%$1.1B
  • Real Estate0.9%$316.3M
  • Communication Services0.6%$210.9M

AUM History

13fpro.ai/research/fund/pzena-investment-management-llc-1027796

Conviction and streaks

Concentrating · top 10 = 37.6%

From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.

MGA$MGAConviction hold6.5% weight · held 10 quartersHUM$HUMConviction hold5.1% weight · held 10 quartersBAX$BAXConviction hold4.1% weight · held 10 quartersCVS$CVSConviction hold3.6% weight · held 10 quartersDG$DGConviction hold3.5% weight · held 10 quartersCRBD$CRBDAccumulating+2253% shares · 7 quarters runningPHG$PHGAccumulating+271% shares · 7 quarters runningSMFG$SMFGAccumulating+101% shares · 7 quarters runningRHI$RHIAccumulating+510% shares · 6 quarters runningPPG$PPGAccumulating+710% shares · 5 quarters runningLEA$LEATrimming-14% shares · 7 quarters runningCSCO$CSCOTrimming-43% shares · 7 quarters runningBIDU$BIDUTrimming-87% shares · 7 quarters runningCVS$CVSTrimming-40% shares · 6 quarters runningTEL$TELTrimming-78% shares · 5 quarters running

Largest positions — Q2 2026

Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.

13fpro.ai/research/fund/pzena-investment-management-llc-1027796

PZENA INVESTMENT MANAGEMENT LLC 13F holdings — Q2 2026

$34.1B portfolio (+10.6% QoQ) · 161 holdings · Q2 2026 13F · top 10 are 38% of the stock portfolio

All holdings — PZENA INVESTMENT MANAGEMENT LLC (Q2 2026)

161 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.

Company
PPG$PPGPPG INDUSTRIES INC$947.0M+4%
MET$METMETLIFE INC$941.8M-2%
COF$COFCAPITAL ONE FINANCIAL CORP$921.6M+0.3%
UBS$UBSUBS Group AG$905.5M-15%
LEA$LEALEAR CORP$889.9M-2%
GPN$GPNGLOBAL PAYMENTS INC$848.3M+0.7%
C$CCITIGROUP INC$776.6M-32%
WFC$WFCWELLS FARGO & COMPANY/MN$729.5M+0.6%
DOX$DOXAMDOCS LTD$706.8M+10%
SSNC$SSNCSS&C Technologies Holdings Inc$684.8M+14%
NOV$NOVNOV Inc.$674.8M-3%
ACN$ACNAccenture plc$639.9M+114%
PVH$PVHPVH CORP. /DE/$444.6M+4%
LKQ$LKQLKQ CORP$398.7M+143%
CDW$CDWCDW Corp$371.1M+137%

What changed in Q2 2026

Against the previous quarter's 13F: 12 new, 71 added to, 70 trimmed, 9 sold out. Share-count changes; largest moves by dollar size first.

New positions (12)

  • WDAY$WDAYWorkday, Inc.$241.3M

    first bought this quarter

  • BEKE$BEKEKE Holdings Inc.$129.0M

    first bought this quarter

  • SAP$SAPSAP SE$1.0M

    first bought this quarter

  • ZBRA$ZBRAZEBRA TECHNOLOGIES CORP$358K

    first bought this quarter

  • TOST$TOSTToast, Inc.$304K

    first bought this quarter

  • ORCL$ORCLORACLE CORP$304K

    first bought this quarter

+6 more in the Excel export

Added to (71)

  • DG$DGDOLLAR GENERAL CORP+48%

    now $1.2B · held 10+ qtrs

  • ACN$ACNAccenture plc+114%

    now $639.9M · held 4 qtrs, 4 adds in a row

  • CTSH$CTSHCOGNIZANT TECHNOLOGY SOLUTIONS CORP+31%

    now $1.0B · held 10+ qtrs, 2 adds in a row

  • LKQ$LKQLKQ CORP+143%

    now $398.7M · held 6 qtrs, 6 adds in a row

  • CDW$CDWCDW Corp+137%

    now $371.1M · held 2 qtrs, 2 adds in a row

  • CRBD$CRBDCorebridge Financial, Inc.+25%

    now $967.4M · held 10+ qtrs, 7 adds in a row

+65 more in the Excel export

Trimmed (70)

  • NOK$NOKNOKIA CORP-92%

    now $66.5M · held 10+ qtrs, 2 trims in a row

  • HUM$HUMHUMANA INC-20%

    now $1.7B · held 10+ qtrs

  • C$CCITIGROUP INC-32%

    now $776.6M · held 10+ qtrs, 4 trims in a row

  • AVT$AVTAVNET INC-45%

    now $277.2M · held 10+ qtrs, 4 trims in a row

  • CVS$CVSCVS HEALTH Corp-15%

    now $1.2B · held 10+ qtrs, 6 trims in a row

  • DOW$DOWDOW INC.-34%

    now $342.2M · held 10+ qtrs, 2 trims in a row

+64 more in the Excel export

Sold out (9)

  • WAB$WABWESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPwas $91.9M

    held 9+ qtrs

  • AMWD$AMWDAMERICAN WOODMARK CORPwas $65.5M

    held 9+ qtrs

  • JNJ$JNJJOHNSON & JOHNSONwas $49.9M

    held 9+ qtrs

  • TRS$TRSTRIMAS CORPwas $357K

    held 9+ qtrs

  • CRUS$CRUSCIRRUS LOGIC, INC.was $306K

    held 5 qtrs

  • HOLX$HOLXHOLOGIC INCwas $300K

+3 more in the Excel export

Firm AUM (Form ADV): $81.4B as of 2025-12-31 · SEC IAPD

Share

Holdings by quarter

Every 13F PZENA INVESTMENT MANAGEMENT LLC has filed, 40 earlier quarters. Pick one to see what it held then.

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Is it too late to follow PZENA INVESTMENT MANAGEMENT?

Q2 2026 13F filed with the SEC on Aug 7, 2026. Prices are closing prices as of Oct 26, 2026.

Average quality of PZENA INVESTMENT MANAGEMENT's top 20 holdings: 60/100 (our AI quality score, weighted by position size; 17 of the 20 are scored)

Top 10 since filing

+0.7%

Value-weighted move of the 10 largest stock positions

Turnover

9%

Last quarter; 25% over the last 4

Top 10 weight

38%

Share of the stock portfolio in its 10 largest positions

Held 4+ quarters

96%

Share of portfolio value in positions held a year or more

Highest-quality names it owns(among its 100 largest positions)

The 8 highest-scoring companies in this portfolio are a Pro feature.

How these are measured
  • Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
  • Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
  • Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
  • Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
  • Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.

Portfolio Overview

PZENA INVESTMENT MANAGEMENT LLC disclosed 161 positions worth $34.1B in its Form 13F-HR for Q2 2026, led by $MGA (MAGNA INTERNATIONAL INC) at 6.5% of the equity portfolio, followed by $HUM and $BAX. During the quarter the fund opened 12 new positions and exited 9 — including a new stake in $WDAY and a full exit from $WAB. The portfolio is most concentrated in Financials (25.1% of disclosed assets). All figures are sourced directly from PZENA INVESTMENT MANAGEMENT LLC’s Form 13F-HR filing with the SEC under CIK 1027796.

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AI-Powered Hedge Fund Analysis: PZENA INVESTMENT MANAGEMENT LLC

13F Pro is an AI hedge fund tracker and stock research platform. For PZENA INVESTMENT MANAGEMENT LLC (SEC CIK: 1027796), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.

Every holding in PZENA INVESTMENT MANAGEMENT LLC's portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.