# PZENA INVESTMENT MANAGEMENT LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1027796. Source: https://holderbook.com/funds/1027796-pzena-investment-management-llc/

- Reported value: $34.1B
- Positions: 161
- Weight of the ten largest: 37.6%
- Filed: 2026-08-07

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| MAGNA INTL INC | [MGA](https://holderbook.com/stocks/MGA/) | $2.2B | 23,882,824 | 6.5% | 15 |
| HUMANA INC | [HUM](https://holderbook.com/stocks/HUM/) | $1.7B | 4,403,136 | 5.1% | 12 |
| BAXTER INTL INC | [BAX](https://holderbook.com/stocks/BAX/) | $1.4B | 65,295,393 | 4.1% | 12 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $1.2B | 11,769,536 | 3.6% | 11 |
| DOLLAR GEN CORP | [DG](https://holderbook.com/stocks/DG/) | $1.2B | 10,222,060 | 3.5% | 10 |
| SKYWORKS SOLUTIONS INC | [SWKS](https://holderbook.com/stocks/SWKS/) | $1.1B | 15,973,040 | 3.2% | 11 |
| COGNIZANT TECHNOLOGY SOLUTIO | [CTSH](https://holderbook.com/stocks/CTSH/) | $1.0B | 26,529,172 | 3.0% | 31 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $979.9M | 17,007,044 | 2.9% | 28 |
| TYSON FOODS INC | [TSN](https://holderbook.com/stocks/TSN/) | $974.2M | 17,016,651 | 2.9% | 12 |
| COREBRIDGE FINL INC | [CRBG](https://holderbook.com/stocks/CRBG/) | $967.4M | 33,789,727 | 2.8% | 12 |
| PPG INDS INC | [PPG](https://holderbook.com/stocks/PPG/) | $947.0M | 7,807,438 | 2.8% | 6 |
| METLIFE INC | [MET](https://holderbook.com/stocks/MET/) | $941.8M | 11,130,983 | 2.8% | 31 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $921.6M | 4,593,920 | 2.7% | 31 |
| UBS GROUP AG | [UBS](https://holderbook.com/stocks/UBS/) | $905.5M | 22,604,129 | 2.7% | 31 |
| LEAR CORP | [LEA](https://holderbook.com/stocks/LEA/) | $889.9M | 6,638,413 | 2.6% | 31 |
| GLOBAL PMTS INC | [GPN](https://holderbook.com/stocks/GPN/) | $848.3M | 11,691,625 | 2.5% | 12 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $776.6M | 5,548,789 | 2.3% | 31 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $729.5M | 8,827,468 | 2.1% | 31 |
| AMDOCS LTD | [DOX](https://holderbook.com/stocks/DOX/) | $706.8M | 13,985,330 | 2.1% | 31 |
| SS&C TECH HLDGS | [SSNC](https://holderbook.com/stocks/SSNC/) | $684.8M | 11,036,568 | 2.0% | 21 |
| NOV INC | [NOV](https://holderbook.com/stocks/NOV/) | $674.8M | 36,376,087 | 2.0% | 22 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $639.9M | 5,142,176 | 1.9% | 4 |
| PVH CORPORATION | [PVH](https://holderbook.com/stocks/PVH/) | $444.6M | 5,986,677 | 1.3% | 30 |
| LKQ CORP | [LKQ](https://holderbook.com/stocks/LKQ/) | $398.7M | 15,142,285 | 1.2% | 6 |
| CDW CORP | [CDW](https://holderbook.com/stocks/CDW/) | $371.1M | 2,638,900 | 1.1% | 2 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $359.6M | 6,310,363 | 1.1% | 31 |
| DOW HLDGS INC | [DOW](https://holderbook.com/stocks/DOW/) | $342.2M | 12,507,011 | 1.0% | 26 |
| FRESENIUS MEDICAL CARE AG | [FMS](https://holderbook.com/stocks/FMS/) | $339.0M | 14,992,081 | 1.0% | 20 |
| CREDICORP LTD | [BAP](https://holderbook.com/stocks/BAP/) | $325.9M | 836,569 | 1.0% | 16 |
| VOYA FINANCIAL INC | [VOYA](https://holderbook.com/stocks/VOYA/) | $319.5M | 3,529,646 | 0.9% | 31 |
| NEWELL BRANDS INC | [NWL](https://holderbook.com/stocks/NWL/) | $294.7M | 47,990,664 | 0.9% | 31 |
| UNIVERSAL HLTH SVCS INC | [UHS](https://holderbook.com/stocks/UHS/) | $292.8M | 1,969,327 | 0.9% | 11 |
| AVNET INC | [AVT](https://holderbook.com/stocks/AVT/) | $277.2M | 3,120,395 | 0.8% | 31 |
| ADVANCE AUTO PARTS INC | [AAP](https://holderbook.com/stocks/AAP/) | $273.1M | 4,389,501 | 0.8% | 12 |
| KASPI KZ JSC | [KSPI](https://holderbook.com/stocks/KSPI/) | $266.1M | 3,071,888 | 0.8% | 9 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $246.3M | 3,147,999 | 0.7% | 14 |
| DELTA AIR LINES INC | [DAL](https://holderbook.com/stocks/DAL/) | $245.3M | 2,618,707 | 0.7% | 8 |
| EQUITABLE HLDGS INC | [EQH](https://holderbook.com/stocks/EQH/) | $244.1M | 5,561,804 | 0.7% | 26 |
| GLOBE LIFE INC | [GL](https://holderbook.com/stocks/GL/) | $242.3M | 1,355,811 | 0.7% | 28 |
| WORKDAY INC | [WDAY](https://holderbook.com/stocks/WDAY/) | $241.3M | 1,971,270 | 0.7% | 1 |
| SPECTRUM BRANDS HOLDINGS INC | [SPB](https://holderbook.com/stocks/SPB/) | $207.6M | 2,420,808 | 0.6% | 30 |
| MAGNUM ICE CREAM CO NV | [MICC](https://holderbook.com/stocks/MICC/) | $201.1M | 13,199,616 | 0.6% | 2 |
| SHELL PLC | [SHEL](https://holderbook.com/stocks/SHEL/) | $200.1M | 2,581,244 | 0.6% | 18 |
| ROBERT HALF INC. | [RHI](https://holderbook.com/stocks/RHI/) | $191.0M | 6,222,305 | 0.6% | 11 |
| ZTO EXPRESS CAYMAN INC | [ZTO](https://holderbook.com/stocks/ZTO/) | $163.9M | 7,322,331 | 0.5% | 12 |
| MASTERBRAND INC | [MBC](https://holderbook.com/stocks/MBC/) | $157.7M | 15,329,483 | 0.5% | 15 |
| THE CIGNA GROUP | [CI](https://holderbook.com/stocks/CI/) | $154.9M | 562,036 | 0.5% | 31 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $150.5M | 1,281,329 | 0.4% | 31 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $143.5M | 5,958,922 | 0.4% | 31 |
| MOHAWK INDS INC | [MHK](https://holderbook.com/stocks/MHK/) | $138.7M | 1,142,841 | 0.4% | 30 |
| HALLIBURTON CO | [HAL](https://holderbook.com/stocks/HAL/) | $133.3M | 3,925,702 | 0.4% | 31 |
| KE HLDGS INC | [BEKE](https://holderbook.com/stocks/BEKE/) | $129.0M | 8,877,643 | 0.4% | 1 |
| KT CORP | [KT](https://holderbook.com/stocks/KT/) | $125.9M | 7,286,500 | 0.4% | 2 |
| CNO FINL GROUP INC | [CNO](https://holderbook.com/stocks/CNO/) | $124.5M | 2,441,665 | 0.4% | 30 |
| TE CONNECTIVITY PLC | [TEL](https://holderbook.com/stocks/TEL/) | $112.0M | 555,637 | 0.3% | 8 |
| GLOBANT S A | [GLOB](https://holderbook.com/stocks/GLOB/) | $111.7M | 3,859,718 | 0.3% | 2 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $109.4M | 334,094 | 0.3% | 31 |
| SENSATA TECHNOLOGIES HLDG PL | [ST](https://holderbook.com/stocks/ST/) | $107.5M | 2,251,907 | 0.3% | 4 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $95.0M | 454,492 | 0.3% | 31 |
| GENPACT LIMITED | [G](https://holderbook.com/stocks/G/) | $91.3M | 3,319,546 | 0.3% | 31 |
| FIFTH THIRD BANCORP | [FITB](https://holderbook.com/stocks/FITB/) | $89.3M | 1,584,757 | 0.3% | 31 |
| ARCOS DORADOS HLDGS INC | [ARCO](https://holderbook.com/stocks/ARCO/) | $87.1M | 10,804,358 | 0.3% | 5 |
| ELEVANCE HEALTH INC FORMERLY | [ELV](https://holderbook.com/stocks/ELV/) | $86.8M | 224,575 | 0.3% | 20 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $85.0M | 883,495 | 0.2% | 12 |
| CONSTELLATION BRANDS INC | [STZ](https://holderbook.com/stocks/STZ/) | $83.4M | 599,314 | 0.2% | 3 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $80.6M | 589,449 | 0.2% | 31 |
| ABM INDS INC | [ABM](https://holderbook.com/stocks/ABM/) | $80.0M | 1,808,203 | 0.2% | 9 |
| OLIN CORP | [OLN](https://holderbook.com/stocks/OLN/) | $77.1M | 3,890,204 | 0.2% | 27 |
| CONCENTRIX CORP | [CNXC](https://holderbook.com/stocks/CNXC/) | $76.5M | 3,413,879 | 0.2% | 11 |
| TELEFLEX INCORPORATED | [TFX](https://holderbook.com/stocks/TFX/) | $76.5M | 603,206 | 0.2% | 5 |
| DOUGLAS DYNAMICS INC | [PLOW](https://holderbook.com/stocks/PLOW/) | $74.7M | 1,384,680 | 0.2% | 9 |
| OLD NATL BANCORP IND | [ONB](https://holderbook.com/stocks/ONB/) | $73.6M | 2,843,497 | 0.2% | 18 |
| SCHEIN HENRY INC | [HSIC](https://holderbook.com/stocks/HSIC/) | $71.9M | 860,733 | 0.2% | 18 |
| GENUINE PARTS CO | [GPC](https://holderbook.com/stocks/GPC/) | $69.8M | 591,970 | 0.2% | 6 |
| ADIENT PLC | [ADNT](https://holderbook.com/stocks/ADNT/) | $69.3M | 3,771,026 | 0.2% | 16 |
| COLUMBIA BKG SYS INC | [COLB](https://holderbook.com/stocks/COLB/) | $68.2M | 2,129,322 | 0.2% | 14 |
| WSFS FINL CORP | [WSFS](https://holderbook.com/stocks/WSFS/) | $68.2M | 888,496 | 0.2% | 31 |
| MARCUS & MILLICHAP INC | [MMI](https://holderbook.com/stocks/MMI/) | $66.7M | 2,141,001 | 0.2% | 12 |
| NOKIA CORP | [NOK](https://holderbook.com/stocks/NOK/) | $66.5M | 5,010,906 | 0.2% | 21 |
| OSHKOSH CORP | [OSK](https://holderbook.com/stocks/OSK/) | $63.8M | 415,766 | 0.2% | 5 |
| MILLERKNOLL INC | [MLKN](https://holderbook.com/stocks/MLKN/) | $62.0M | 3,032,700 | 0.2% | 2 |
| ASSOCIATED BANC CORP | [ASB](https://holderbook.com/stocks/ASB/) | $61.2M | 1,990,243 | 0.2% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $61.2M | 171,157 | 0.2% | 3 |
| SCANSOURCE INC | [SCSC](https://holderbook.com/stocks/SCSC/) | $57.8M | 1,109,743 | 0.2% | 31 |
| KORN FERRY | [KFY](https://holderbook.com/stocks/KFY/) | $57.8M | 867,680 | 0.2% | 11 |
| REGIONS FINANCIAL CORP NEW | [RF](https://holderbook.com/stocks/RF/) | $55.6M | 1,839,825 | 0.2% | 31 |
| HUNTSMAN CORP | [HUN](https://holderbook.com/stocks/HUN/) | $54.8M | 5,161,672 | 0.2% | 8 |
| AEBI SCHMIDT HLDG AG | [AEBI](https://holderbook.com/stocks/AEBI/) | $54.2M | 4,319,337 | 0.2% | 4 |
| WINNEBAGO INDS INC | [WGO](https://holderbook.com/stocks/WGO/) | $53.4M | 1,709,531 | 0.2% | 3 |
| RESIDEO TECHNOLOGIES INC | [REZI](https://holderbook.com/stocks/REZI/) | $52.5M | 1,686,765 | 0.2% | 14 |
| MALIBU BOATS INC | [MBUU](https://holderbook.com/stocks/MBUU/) | $49.2M | 1,794,261 | 0.1% | 9 |
| TARGET CORP | [TGT](https://holderbook.com/stocks/TGT/) | $48.8M | 373,503 | 0.1% | 6 |
| KOPPERS HOLDINGS INC | [KOP](https://holderbook.com/stocks/KOP/) | $47.7M | 1,061,285 | 0.1% | 16 |
| VAREX IMAGING CORP | [VREX](https://holderbook.com/stocks/VREX/) | $45.3M | 4,344,381 | 0.1% | 31 |
| HEALTHCARE RLTY TR | [HR](https://holderbook.com/stocks/HR/) | $44.9M | 2,225,430 | 0.1% | 8 |
| MSC INDL DIRECT INC | [MSM](https://holderbook.com/stocks/MSM/) | $44.4M | 373,664 | 0.1% | 27 |
| SHINHAN FINANCIAL GROUP CO L | [SHG](https://holderbook.com/stocks/SHG/) | $42.3M | 669,474 | 0.1% | 31 |
| HDFC BANK LTD | [HDB](https://holderbook.com/stocks/HDB/) | $41.7M | 1,613,476 | 0.1% | 11 |
| CBRE GROUP INC | [CBRE](https://holderbook.com/stocks/CBRE/) | $41.2M | 305,781 | 0.1% | 20 |
| HAVERTY FURNITURE COS INC | [HVT](https://holderbook.com/stocks/HVT/) | $39.9M | 1,563,451 | 0.1% | 8 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +11.6% | +14.8% | -3.2% | 99% |
| Q1 2026 | -4.5% | -4.6% | +0.1% | 99% |
| Q4 2025 | +3.9% | +2.4% | +1.6% | 99% |
| Q3 2025 | +2.0% | +7.8% | -5.8% | 99% |
| Q2 2025 | +2.2% | +10.5% | -8.3% | 99% |
| Q1 2025 | -0.1% | -4.6% | +4.4% | 99% |
| Q4 2024 | -2.2% | +2.1% | -4.4% | 99% |
| Q3 2024 | +5.7% | +5.4% | +0.3% | 99% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $34.1B | 161 |
| Q1 2026 | $30.8B | 158 |
| Q4 2025 | $33.4B | 157 |
| Q3 2025 | $30.9B | 154 |
| Q2 2025 | $30.8B | 152 |
| Q1 2025 | $28.6B | 146 |
| Q4 2024 | $29.4B | 152 |
| Q3 2024 | $31.0B | 157 |
| Q2 2024 | $28.4B | 160 |
| Q1 2024 | $29.1B | 159 |
| Q4 2023 | $26.6B | 164 |
| Q3 2023 | $23.3B | 160 |