Pzena Investment Management LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 7, 2026), Pzena Investment Management LLC reported 161 stock positions worth $34.1 billion. Its top holding was Magna International (MGA) at 6.5% of the portfolio, followed by Humana (HUM, 5.1%) and Baxter International (BAX, 4.1%). Compared with Q1 2026, it opened 12 new positions, sold out of 9, added to 71 and reduced 70. The biggest buy was Dollar General (DG, shares +48%) and the biggest sale Dow (DOW, shares −34%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001027796
- Portfolio Value
- $34.1B (Q2 2026)
- SEC Filing
- 0001027796-26-000049 ↗ filed Aug 7, 2026
Holdings Value
Holdings 161 stocks · $34.1B
| MGA Magna International Inc. | 6.54% | 23,882,824 | $2.2B | Reduce -5.7% |
| HUM Humana Inc. | 5.13% | 4,403,136 | $1.7B | Reduce -19.5% |
| BAX Baxter International Inc. | 4.09% | 65,295,393 | $1.4B | Add +1.2% |
| CVS CVS Health Corp. | 3.57% | 11,769,536 | $1.2B | Reduce -14.6% |
| DG Dollar General Corp. | 3.45% | 10,222,060 | $1.2B | Add +48.2% |
| SWKS Skyworks Solutions Inc. | 3.18% | 15,973,040 | $1.1B | Reduce -0.8% |
| CTSH Cognizant Tech Solutions-A | 3.02% | 26,529,172 | $1.0B | Add +30.9% |
| BMY Bristol-Myers Squibb Co. | 2.88% | 17,007,044 | $979.9M | Reduce -0.5% |
| TSN Tyson Foods Inc. Class A | 2.86% | 17,016,651 | $974.2M | Reduce -0.8% |
| CRBG Corebridge Financial Inc. | 2.84% | 33,789,727 | $967.4M | Add +24.9% |
| PPG PPG Industries Inc. | 2.78% | 7,807,438 | $947.0M | Add +4.4% |
| MET Metlife Inc. | 2.76% | 11,130,983 | $941.8M | Reduce -1.5% |
| COF Capital One Financial Corp. | 2.71% | 4,593,920 | $921.6M | Add +0.3% |
| UBS UBS Group AG-Reg | 2.66% | 22,604,129 | $905.5M | Reduce -14.8% |
| LEA Lear Corp. | 2.61% | 6,638,413 | $889.9M | Reduce -1.8% |
| GPN Global Payments Inc. | 2.49% | 11,691,625 | $848.3M | Add +0.7% |
| C Citigroup Inc. | 2.28% | 5,548,789 | $776.6M | Reduce -32.1% |
| WFC Wells Fargo & Co. | 2.14% | 8,827,468 | $729.5M | Add +0.6% |
| DOX Amdocs Ltd. | 2.07% | 13,985,330 | $706.8M | Add +10.3% |
| SSNC Ss&c Technologies Holdings | 2.01% | 11,036,568 | $684.8M | Add +13.8% |
| NOV Nov Inc. | 1.98% | 36,376,087 | $674.8M | Reduce -3.1% |
| ACN Accenture PLC Class A | 1.88% | 5,142,176 | $639.9M | Add +113.8% |
| PVH PVH Corp. | 1.30% | 5,986,677 | $444.6M | Add +3.8% |
| LKQ LKQ Corp. | 1.17% | 15,142,285 | $398.7M | Add +142.9% |
| CDW CDW Corp. | 1.09% | 2,638,900 | $371.1M | Add +136.6% |
| BAC Bank of America Corp. | 1.06% | 6,310,363 | $359.6M | Reduce -1.8% |
| DOW Dow Inc. filed as DOW HLDGS INC | 1.00% | 12,507,011 | $342.2M | Reduce -34.0% |
| FMS Fresenius Medical Care-ADR | 0.99% | 14,992,081 | $339.0M | Reduce -0.4% |
| BAP Credicorp Ltd. | 0.96% | 836,569 | $325.9M | Reduce -8.3% |
| VOYA Voya Financial Inc. | 0.94% | 3,529,646 | $319.5M | Reduce -3.9% |
| NWL Newell Brands Inc. | 0.86% | 47,990,664 | $294.7M | Add +0.4% |
| UHS Universal Health Services-B | 0.86% | 1,969,327 | $292.8M | Add +3.0% |
| AVT Avnet Inc. | 0.81% | 3,120,395 | $277.2M | Reduce -45.2% |
| AAP Advance Auto Parts Inc. | 0.80% | 4,389,501 | $273.1M | Add +2.1% |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 0.78% | 3,071,888 | $266.1M | Add +14.9% |
| MDT Medtronic PLC | 0.72% | 3,147,999 | $246.3M | Reduce -0.3% |
| DAL Delta Air Lines Inc. | 0.72% | 2,618,707 | $245.3M | Reduce -6.7% |
| EQH Equitable Holdings Inc. | 0.72% | 5,561,804 | $244.1M | Add +24.6% |
| GL Globe Life Inc. | 0.71% | 1,355,811 | $242.3M | Add +32.1% |
| WDAY Workday Inc. Class A | 0.71% | 1,971,270 | $241.3M | New |
| SPB Spectrum Brands Holdings Inc. | 0.61% | 2,420,808 | $207.6M | Add +3.5% |
| MICC The Magnum Ice Cream Co. NV | 0.59% | 13,199,616 | $201.1M | Add +87.6% |
| SHEL Shell PLC-ADR | 0.59% | 2,581,244 | $200.1M | Reduce -19.3% |
| RHI Robert Half Inc. | 0.56% | 6,222,305 | $191.0M | Add +4.3% |
| ZTO Zto Express Cayman Inc.-ADR | 0.48% | 7,322,331 | $163.9M | Reduce -1.9% |
| MBC Masterbrand Inc. | 0.46% | 15,329,483 | $157.7M | Add +301.9% |
| CI The Cigna Group | 0.45% | 562,036 | $154.9M | Reduce -2.8% |
| CSCO Cisco Systems Inc. | 0.44% | 1,281,329 | $150.5M | Reduce -2.1% |
| PFE Pfizer Inc. | 0.42% | 5,958,922 | $143.5M | Add +0.6% |
| MHK Mohawk Industries Inc. | 0.41% | 1,142,841 | $138.7M | Reduce -0.9% |
| HAL Halliburton Co. | 0.39% | 3,925,702 | $133.3M | Reduce -3.5% |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 0.38% | 8,877,643 | $129.0M | New |
| KT KT Corp.-SP ADR | 0.37% | 7,286,500 | $125.9M | Add +1.6% |
| CNO Cno Financial Group Inc. | 0.37% | 2,441,665 | $124.5M | Reduce -1.2% |
| TEL Te Connectivity PLC | 0.33% | 555,637 | $112.0M | Reduce -8.0% |
| GLOB Globant SA | 0.33% | 3,859,718 | $111.7M | Add +30.0% |
| JPM JPMorgan Chase & Co. | 0.32% | 334,094 | $109.4M | Reduce -0.9% |
| ST Sensata Technologies Holdplc | 0.32% | 2,251,907 | $107.5M | Reduce -35.3% |
| MS Morgan Stanley | 0.28% | 454,492 | $95.0M | Reduce -4.6% |
| G Genpact Ltd. | 0.27% | 3,319,546 | $91.3M | Add +353.5% |
| FITB Fifth Third Bancorp | 0.26% | 1,584,757 | $89.3M | Reduce -3.1% |
| ARCO Arcos Dorados Holdings Inc. Class A | 0.26% | 10,804,358 | $87.1M | Add +0.6% |
| ELV Elevance Health Inc. | 0.25% | 224,575 | $86.8M | Add +2.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.25% | 883,495 | $85.0M | Add +879.3% |
| STZ Constellation Brands Inc. Class A | 0.24% | 599,314 | $83.4M | Add +0.6% |
| XOM Exxon Mobil Corp. | 0.24% | 589,449 | $80.6M | Reduce -4.5% |
| ABM Abm Industries Inc. | 0.23% | 1,808,203 | $80.0M | Add +18.7% |
| OLN Olin Corp. | 0.23% | 3,890,204 | $77.1M | Reduce -12.2% |
| CNXC Concentrix Corp. | 0.22% | 3,413,879 | $76.5M | Add +16.0% |
| TFX Teleflex Inc. | 0.22% | 603,206 | $76.5M | Reduce -13.7% |
| PLOW Douglas Dynamics Inc. | 0.22% | 1,384,680 | $74.7M | Reduce -13.1% |
| ONB Old National Bancorp | 0.22% | 2,843,497 | $73.6M | Add +5.6% |
| HSIC Henry Schein Inc. filed as SCHEIN HENRY INC | 0.21% | 860,733 | $71.9M | Reduce -3.0% |
| GPC Genuine Parts Co. | 0.20% | 591,970 | $69.8M | Add +3.1% |
| ADNT Adient PLC | 0.20% | 3,771,026 | $69.3M | Add +3.7% |
| COLB Columbia Banking System Inc. | 0.20% | 2,129,322 | $68.2M | Add +4.7% |
| WSFS WSFS Financial Corp. | 0.20% | 888,496 | $68.2M | Add +1.1% |
| MMI Marcus & Millichap Inc. | 0.20% | 2,141,001 | $66.7M | Add +6.4% |
| NOK Nokia Corp.-Spon ADR | 0.20% | 5,010,906 | $66.5M | Reduce -92.1% |
| OSK Oshkosh Corp. | 0.19% | 415,766 | $63.8M | Reduce -5.3% |
| MLKN Millerknoll Inc. | 0.18% | 3,032,700 | $62.0M | Add +52.0% |
| ASB Associated Banc-Corp. | 0.18% | 1,990,243 | $61.2M | Add +3.5% |
| GOOGL Alphabet Inc. Class A | 0.18% | 171,157 | $61.2M | No change |
| SCSC Scansource Inc. | 0.17% | 1,109,743 | $57.8M | Add +21.5% |
| KFY Korn Ferry | 0.17% | 867,680 | $57.8M | Add +8.8% |
| RF Regions Financial Corp. | 0.16% | 1,839,825 | $55.6M | No change |
| HUN Huntsman Corp. | 0.16% | 5,161,672 | $54.8M | Reduce -11.3% |
| AEBI Aebi Schmidt Holding AG | 0.16% | 4,319,337 | $54.2M | Add +5.1% |
| WGO Winnebago Industries | 0.16% | 1,709,531 | $53.4M | Add +72.1% |
| REZI Resideo Technologies Inc. | 0.15% | 1,686,765 | $52.5M | Add +22.5% |
| MBUU Malibu Boats Inc. Class A | 0.14% | 1,794,261 | $49.2M | Add +5.7% |
| TGT Target Corp. | 0.14% | 373,503 | $48.8M | Add +0.0% |
| KOP Koppers Holdings Inc. | 0.14% | 1,061,285 | $47.7M | Reduce -12.3% |
| VREX Varex Imaging Corp. | 0.13% | 4,344,381 | $45.3M | Add +8.8% |
| HR Healthcare Realty Trust Inc. | 0.13% | 2,225,430 | $44.9M | No change |
| MSM MSC Industrial Direct Co. Class A | 0.13% | 373,664 | $44.4M | Reduce -16.0% |
| SHG Shinhan Financial Group-ADR | 0.12% | 669,474 | $42.3M | Reduce -3.1% |
| HDB HDFC Bank Ltd.-ADR | 0.12% | 1,613,476 | $41.7M | Add +6.2% |
| CBRE CBRE Group Inc. Class A | 0.12% | 305,781 | $41.2M | Add +1.3% |
| HVT Haverty Furniture | 0.12% | 1,563,451 | $39.9M | Add +7.1% |
Portfolio Sells Q1 2026 → Q2 2026
| DOW Dow Inc. | Reduce -34.0% | 1.00% | −1.56 |
| NOK Nokia Corp.-Spon ADR | Reduce -92.1% | 0.20% | −1.46 |
| C Citigroup Inc. | Reduce -32.1% | 2.28% | −0.73 |
| TSN Tyson Foods Inc. Class A | Reduce -0.8% | 2.86% | −0.71 |
| BMY Bristol-Myers Squibb Co. | Reduce -0.5% | 2.88% | −0.49 |
| SHEL Shell PLC-ADR | Reduce -19.3% | 0.59% | −0.38 |
| AVT Avnet Inc. | Reduce -45.2% | 0.81% | −0.33 |
| NOV Nov Inc. | Reduce -3.1% | 1.98% | −0.31 |
| WAB Wabtec Corp. | Sold out | 0.00% | −0.30 |
| KNX Knight-Swift Transportation | Reduce -95.3% | 0.01% | −0.22 |
| AMWD American Woodmark Corp. | Sold out | 0.00% | −0.21 |
| OLN Olin Corp. | Reduce -12.2% | 0.23% | −0.20 |
| MDT Medtronic PLC | Reduce -0.3% | 0.72% | −0.17 |
| JNJ Johnson & Johnson | Sold out | 0.00% | −0.16 |
| ZTO Zto Express Cayman Inc.-ADR | Reduce -1.9% | 0.48% | −0.13 |
| HAL Halliburton Co. | Reduce -3.5% | 0.39% | −0.12 |
| FMS Fresenius Medical Care-ADR | Reduce -0.4% | 0.99% | −0.11 |
| XOM Exxon Mobil Corp. | Reduce -4.5% | 0.24% | −0.10 |
| WBS Webster Financial Corp. | Reduce -99.2% | 0.00% | −0.09 |
| HUN Huntsman Corp. | Reduce -11.3% | 0.16% | −0.09 |
| ST Sensata Technologies Holdplc | Reduce -35.3% | 0.32% | −0.08 |
| TEL Te Connectivity PLC | Reduce -8.0% | 0.33% | −0.08 |
| LDOS Leidos Holdings Inc. | Reduce -0.0% | 0.07% | −0.05 |
| BAP Credicorp Ltd. | Reduce -8.3% | 0.96% | −0.05 |
| TFX Teleflex Inc. | Reduce -13.7% | 0.22% | −0.05 |
| CI The Cigna Group | Reduce -2.8% | 0.45% | −0.05 |
| BFH Bread Financial Holdings Inc. | Reduce -46.6% | 0.10% | −0.05 |
| LEA Lear Corp. | Reduce -1.8% | 2.61% | −0.04 |
| NVST Envista Holdings Corp. | Reduce -27.9% | 0.09% | −0.04 |
| WCC Wesco International Inc. | Reduce -37.0% | 0.07% | −0.03 |
| OSK Oshkosh Corp. | Reduce -5.3% | 0.19% | −0.02 |
| ARW Arrow Electronics Inc. | Reduce -40.7% | 0.08% | −0.02 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -78.7% | 0.01% | −0.02 |
| SHG Shinhan Financial Group-ADR | Reduce -3.1% | 0.12% | −0.01 |
| KOP Koppers Holdings Inc. | Reduce -12.3% | 0.14% | −0.01 |
| ABEV Ambev SA-ADR | Reduce -20.7% | 0.03% | −0.01 |
| PBR.A Petroleo Brasil-SP Pref ADR | Reduce -73.0% | 0.00% | −0.01 |
| DNOW Dnow Inc. | Reduce -6.5% | 0.11% | −0.01 |
| MYE Myers Industries Inc. | Reduce -39.2% | 0.08% | −0.01 |
| VALE Vale SA-SP ADR | Reduce -68.7% | 0.00% | −0.01 |
| CIG Cia Energetica DE-Spon ADR | Reduce -58.0% | 0.00% | −0.01 |
| ITUB Itau Unibanco H-Spon PRF ADR | Reduce -64.4% | 0.00% | −0.00 |
| BABA Alibaba Group Holding-SP ADR | Reduce -5.9% | 0.01% | −0.00 |
| KB KB Financial Group Inc.-ADR | Reduce -59.8% | 0.00% | −0.00 |
| BIDU Baidu Inc. - Spon ADR | Reduce -14.9% | 0.01% | −0.00 |
| MSM MSC Industrial Direct Co. Class A | Reduce -16.0% | 0.13% | −0.00 |
| EQNR Equinor ASA-Spon ADR | Reduce -5.8% | 0.00% | −0.00 |
| MT Arcelormittal-NY Registered | Reduce -55.6% | 0.00% | −0.00 |
| HSIC Henry Schein Inc. | Reduce -3.0% | 0.21% | −0.00 |
| TTE Totalenergies SE | Reduce -0.0% | 0.00% | −0.00 |
Portfolio Buys Q1 2026 → Q2 2026
| DG Dollar General Corp. | Add +48.2% | 3.45% | +0.79 |
| CRBG Corebridge Financial Inc. | Add +24.9% | 2.84% | +0.74 |
| WDAY Workday Inc. Class A | New | 0.71% | +0.71 |
| CDW CDW Corp. | Add +136.6% | 1.09% | +0.65 |
| LKQ LKQ Corp. | Add +142.9% | 1.17% | +0.58 |
| BAX Baxter International Inc. | Add +1.2% | 4.09% | +0.57 |
| BEKE Ke Holdings Inc.-ADR | New | 0.38% | +0.38 |
| MBC Masterbrand Inc. | Add +301.9% | 0.46% | +0.36 |
| NWL Newell Brands Inc. | Add +0.4% | 0.86% | +0.33 |
| ACN Accenture PLC Class A | Add +113.8% | 1.88% | +0.33 |
| MICC The Magnum Ice Cream Co. NV | Add +87.6% | 0.59% | +0.30 |
| GL Globe Life Inc. | Add +32.1% | 0.71% | +0.25 |
| DIS The Walt Disney Co. | Add +879.3% | 0.25% | +0.22 |
| PPG PPG Industries Inc. | Add +4.4% | 2.78% | +0.18 |
| G Genpact Ltd. | Add +353.5% | 0.27% | +0.18 |
| EQH Equitable Holdings Inc. | Add +24.6% | 0.72% | +0.18 |
| KSPI JSC Kaspi.kz ADR | Add +14.9% | 0.78% | +0.14 |
| MLKN Millerknoll Inc. | Add +52.0% | 0.18% | +0.09 |
| RHI Robert Half Inc. | Add +4.3% | 0.56% | +0.07 |
| AAP Advance Auto Parts Inc. | Add +2.1% | 0.80% | +0.07 |
| SCSC Scansource Inc. | Add +21.5% | 0.17% | +0.06 |
| WGO Winnebago Industries | Add +72.1% | 0.16% | +0.06 |
| SPB Spectrum Brands Holdings Inc. | Add +3.5% | 0.61% | +0.05 |
| ELV Elevance Health Inc. | Add +2.0% | 0.25% | +0.05 |
| ABM Abm Industries Inc. | Add +18.7% | 0.23% | +0.04 |
| AEBI Aebi Schmidt Holding AG | Add +5.1% | 0.16% | +0.03 |
| TBI Trueblue Inc. | Add +7.6% | 0.06% | +0.03 |
| HOFT Hooker Furnishings Corp. | Add +11.9% | 0.08% | +0.02 |
| ONB Old National Bancorp | Add +5.6% | 0.22% | +0.02 |
| MMI Marcus & Millichap Inc. | Add +6.4% | 0.20% | +0.02 |
| COLB Columbia Banking System Inc. | Add +4.7% | 0.20% | +0.02 |
| ASB Associated Banc-Corp. | Add +3.5% | 0.18% | +0.02 |
| HVT Haverty Furniture | Add +7.1% | 0.12% | +0.02 |
| WSFS WSFS Financial Corp. | Add +1.1% | 0.20% | +0.01 |
| USNA Usana Health Sciences Inc. | Add +8.7% | 0.08% | +0.01 |
| GPC Genuine Parts Co. | Add +3.1% | 0.20% | +0.01 |
| GCO Genesco Inc. | Add +1.7% | 0.11% | +0.01 |
| KFY Korn Ferry | Add +8.8% | 0.17% | +0.01 |
| REZI Resideo Technologies Inc. | Add +22.5% | 0.15% | +0.00 |
| SAP Sap SE-Sponsored ADR | New | 0.00% | +0.00 |
| ING ING Groep N.V.-Sponsored ADR | Add +17.6% | 0.01% | +0.00 |
| MBUU Malibu Boats Inc. Class A | Add +5.7% | 0.14% | +0.00 |
| ZBRA Zebra Technologies Corp. Class A | New | 0.00% | +0.00 |
| ORCL Oracle Corp. | New | 0.00% | +0.00 |
| TOST Toast Inc. Class A | New | 0.00% | +0.00 |
| EXPE Expedia Group Inc. | New | 0.00% | +0.00 |
| NVDA Nvidia Corp. | New | 0.00% | +0.00 |
| QRVO Qorvo Inc. | New | 0.00% | +0.00 |
| CRM Salesforce Inc. | New | 0.00% | +0.00 |
| GEV GE Vernova Inc. | New | 0.00% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 161 | $34.1B | MGA, HUM, BAX, CVS, DG |
| Q1 2026 | 158 | $30.8B | MGA, CTSH, TSN, BAX, BMY |
| Q4 2025 | 157 | $33.4B | MGA, CTSH, DG, BAX, C |
| Q3 2025 | 154 | $30.9B | MGA, BAX, C, DG, CVS |
| Q2 2025 | 152 | $30.8B | MGA, CTSH, DG, BAX, C |
| Q1 2025 | 146 | $28.6B | MGA, CTSH, BAX, CVS, DG |
| Q4 2024 | 152 | $29.4B | MGA, CTSH, COF, BAX, WFC |
| Q3 2024 | 157 | $31.0B | MGA, CTSH, BAX, COF, DOW |
| Q2 2024 | 160 | $28.4B | CTSH, MGA, BAX, DOW, C |
| Q1 2024 | 159 | $29.1B | MGA, CTSH, COF, DOW, BAX |