Richard Pzena

Net buying

Pzena Investment Management Llc — managed by Richard Pzena; US equity positions disclosed quarterly via SEC 13F

Data as of 2026-06-30 (filed 2026-08-07) · Source: SEC EDGAR

Portfolio value$34.07B (+11%)

Holdings161 (+3)

Top holdingMagna Intl Inc

Below band6

New

Added

Exited

By what price implies: 55 demand a demanding growth rate, 20 modest.

13F × valuation

Valuation posture

Of 54 valued US positions, 6 trade below a conservative value band (as of 2026-10-16):

Adobe IncADBE29% · below
Usana Health Sciences IncUSNA22% · below
Arcos Dorados Hldgs IncARCO18% · below
Bristol-Myers Squibb CoBMY14% · below
Genpact LimitedG9% · below
Universal Hlth Svcs IncUHS8% · below

13F · concentration

Lonely conviction

Held by ≤2 tracked superinvestors, each ≥3% of this portfolio (as of 2026-06-30):

Skyworks Solutions IncSWKS3% · 2

SEC 13F · latest filing

Holdings

Security	Value	Valuation	Holders	Shares	Weight	Signal
Magna Intl IncMGA	$2.23B	—	5	23,882,824	6.5%	—
Humana IncHUM	$1.75B	—	5	4,403,136	5.1%	—
Baxter Intl IncBAX	$1.39B	—	7	65,295,393	4.1%	—
Cvs Health CorpCVS	$1.22B	—	13	11,769,536	3.6%	—
Dollar Gen CorpDG	$1.18B	—	6	10,222,060	3.5%	—
Skyworks Solutions IncSWKS	$1.08B	—	2	15,973,040	3.2%	—
Cognizant Technology SolutioCTSH	$1.03B	—	6	26,529,172	3.0%	—
Bristol-Myers Squibb CoBMY	$979.9M	Below value	9	17,007,044	2.9%	—
Tyson Foods IncTSN	$974.2M	—	7	17,016,651	2.9%	—
Corebridge Finl IncCRBG	$967.4M	—	7	33,789,727	2.8%	Adding · 7 quarters
Ppg Inds IncPPG	$947.0M	—	5	7,807,438	2.8%	Adding · 6 quarters
Metlife IncMET	$941.8M	—	4	11,130,983	2.8%	—
Capital One Finl CorpCOF	$921.6M	—	19	4,593,920	2.7%	—
Ubs Group AgUBS	$905.5M	—	5	22,604,129	2.7%	—
Lear CorpLEA	$889.9M	—	5	6,638,413	2.6%	—
Global Pmts IncGPN	$848.3M	—	6	11,691,625	2.5%	Adding · 3 quarters
Citigroup IncC	$776.6M	—	13	5,548,789	2.3%	—
Wells Fargo & CoWFC	$729.5M	—	18	8,827,468	2.1%	—
Amdocs LtdDOX	$706.8M	—	2	13,985,330	2.1%	Adding · 5 quarters
Ss&C Tech HldgsSSNC	$684.8M	—	5	11,036,568	2.0%	—
Nov IncNOV	$674.8M	—	5	36,376,087	2.0%	—
Accenture Plc IrelandACN	$639.9M	—	10	5,142,176	1.9%	Adding · 4 quarters
Pvh CorporationPVH	$444.6M	—	6	5,986,677	1.3%	—
Lkq CorpLKQ	$398.7M	—	6	15,142,285	1.2%	Adding · 6 quarters
Cdw CorpCDW	$371.1M	—	5	2,638,900	1.1%	—

Magna Intl IncMGA—
Value$2.23BValuation—Holders5Weight6.5%
Humana IncHUM—
Value$1.75BValuation—Holders5Weight5.1%
Baxter Intl IncBAX—
Value$1.39BValuation—Holders7Weight4.1%
Cvs Health CorpCVS—
Value$1.22BValuation—Holders13Weight3.6%
Dollar Gen CorpDG—
Value$1.18BValuation—Holders6Weight3.5%
Skyworks Solutions IncSWKS—
Value$1.08BValuation—Holders2Weight3.2%
Cognizant Technology SolutioCTSH—
Value$1.03BValuation—Holders6Weight3.0%
Bristol-Myers Squibb CoBMY—
Value$979.9MValuationBelow valueHolders9Weight2.9%
Tyson Foods IncTSN—
Value$974.2MValuation—Holders7Weight2.9%
Corebridge Finl IncCRBGAdding · 7 quarters
Value$967.4MValuation—Holders7Weight2.8%
Ppg Inds IncPPGAdding · 6 quarters
Value$947.0MValuation—Holders5Weight2.8%
Metlife IncMET—
Value$941.8MValuation—Holders4Weight2.8%
Capital One Finl CorpCOF—
Value$921.6MValuation—Holders19Weight2.7%
Ubs Group AgUBS—
Value$905.5MValuation—Holders5Weight2.7%
Lear CorpLEA—
Value$889.9MValuation—Holders5Weight2.6%
Global Pmts IncGPNAdding · 3 quarters
Value$848.3MValuation—Holders6Weight2.5%
Citigroup IncC—
Value$776.6MValuation—Holders13Weight2.3%
Wells Fargo & CoWFC—
Value$729.5MValuation—Holders18Weight2.1%
Amdocs LtdDOXAdding · 5 quarters
Value$706.8MValuation—Holders2Weight2.1%
Ss&C Tech HldgsSSNC—
Value$684.8MValuation—Holders5Weight2.0%
Nov IncNOV—
Value$674.8MValuation—Holders5Weight2.0%
Accenture Plc IrelandACNAdding · 4 quarters
Value$639.9MValuation—Holders10Weight1.9%
Pvh CorporationPVH—
Value$444.6MValuation—Holders6Weight1.3%
Lkq CorpLKQAdding · 6 quarters
Value$398.7MValuation—Holders6Weight1.2%
Cdw CorpCDW—
Value$371.1MValuation—Holders5Weight1.1%

Showing top 25 of 161 positions

Exited this quarter (9)Wabtec、American Woodmark Corp、Johnson & Johnson、Trimas Corp、Cirrus Logic Inc、Hologic Inc、Hartford Insurance Group Inc、Intuit、T-Mobile Us Inc

What is a superinvestor

About this investor

Portfolio overview

Pzena Investment Management Llc's most recent 13F filing, for the quarter ended 2026-06-30, reports 161 positions worth $34.07B. The top 5 holdings represent 23% of that value, a broadly diversified portfolio.

The single largest position is Magna Intl Inc at 6.5% of the portfolio, followed by Humana Inc at 5.1% and Baxter Intl Inc at 4.1%.

Against the prior quarter, Richard Pzena opened 12 new positions, exited 9, added to 71, and trimmed 70. The largest new buy was Workday Inc. The most notable sale was the full exit from American Woodmark Corp.

Across all 8 quarters on file, Magna Intl Inc has appeared in every filing, as has Humana Inc. Magna Intl Inc currently ranks first by value.

A 13F is filed roughly 45 days after quarter-end and covers only long positions in US-listed equities, so it is a lagging and partial view of the portfolio. Source: SEC EDGAR.

Richard Pzena has no positions in the strike zone right now. Browse the whole market by value band

Sources· SEC EDGAR 13F as of 2026-06-30 · filed 2026-08-07

Stay Updated

New-quarter 13F moves and valuation updates, to your inbox.