Pzena Investment Management LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 3, 2024), Pzena Investment Management LLC reported 159 stock positions worth $29.1 billion. Its top holding was Magna International (MGA) at 4.6% of the portfolio, followed by Cognizant Tech Solutions-A (CTSH, 4.2%) and Capital One Financial (COF, 3.7%). Compared with Q4 2023, it opened 8 new positions, sold out of 13, added to 51 and reduced 94. The biggest buy was CVS Health (CVS, shares +574%) and the biggest sale Wabtec (WAB, shares −59%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001027796
- Portfolio Value
- $29.1B (Q1 2024)
- SEC Filing
- 0001027796-24-000007 ↗ filed May 3, 2024
Holdings Value
Holdings 159 stocks · $29.1B
| MGA Magna International Inc. | 4.57% | 18,043,349 | $1.3B | Add +40.1% |
| CTSH Cognizant Tech Solutions-A | 4.19% | 16,666,771 | $1.2B | Reduce -4.0% |
| COF Capital One Financial Corp. | 3.73% | 7,297,565 | $1.1B | Reduce -5.8% |
| DOW Dow Inc. | 3.68% | 18,518,299 | $1.1B | Reduce -0.2% |
| BAX Baxter International Inc. | 3.58% | 24,405,420 | $1.0B | Add +0.6% |
| C Citigroup Inc. | 3.54% | 16,322,516 | $1.0B | Reduce -3.1% |
| WFC Wells Fargo & Co. | 3.41% | 17,129,130 | $992.8M | Reduce -4.7% |
| EQH Equitable Holdings Inc. | 3.30% | 25,320,633 | $962.4M | Reduce -4.7% |
| EIX Edison International | 3.30% | 13,605,080 | $962.3M | Add +2.3% |
| SSNC Ss&c Technologies Holdings | 3.21% | 14,519,103 | $934.6M | Add +0.3% |
| LEA Lear Corp. | 3.10% | 6,241,781 | $904.3M | Reduce -0.2% |
| CHTR Charter Communications Inc. Class A | 2.84% | 2,848,459 | $827.8M | Add +96.5% |
| UBS UBS Group AG-Reg | 2.83% | 29,670,539 | $823.1M | Reduce -1.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 2.79% | 21,465,791 | $814.0M | Add +4.7% |
| PVH PVH Corp. | 2.58% | 5,339,437 | $750.8M | Reduce -15.9% |
| MET Metlife Inc. | 2.55% | 10,029,230 | $743.3M | Reduce -0.8% |
| NOV Nov Inc. | 2.35% | 35,072,648 | $684.6M | Add +12.7% |
| MDT Medtronic PLC | 2.29% | 7,669,192 | $668.4M | Add +2.3% |
| BMY Bristol-Myers Squibb Co. | 2.29% | 12,293,913 | $666.7M | Add +119.8% |
| TSN Tyson Foods Inc. Class A | 2.13% | 10,550,056 | $619.6M | Add +79.2% |
| CVS CVS Health Corp. | 1.52% | 5,553,457 | $442.9M | Add +573.8% |
| NWL Newell Brands Inc. | 1.48% | 53,791,092 | $431.9M | Reduce -0.6% |
| AVT Avnet Inc. | 1.46% | 8,594,535 | $426.1M | Reduce -0.4% |
| TEL Te Connectivity Ltd. | 1.40% | 2,798,532 | $406.5M | Add +9.3% |
| DOX Amdocs Ltd. | 1.32% | 4,254,777 | $384.5M | Add +0.4% |
| SWKS Skyworks Solutions Inc. | 1.28% | 3,429,148 | $371.4M | Add +27.5% |
| FMS Fresenius Medical Care-ADR | 1.08% | 16,271,972 | $313.7M | Add +0.0% |
| DG Dollar General Corp. | 1.04% | 1,933,475 | $301.7M | New |
| GPN Global Payments Inc. | 1.00% | 2,183,075 | $291.8M | Reduce -0.4% |
| VOYA Voya Financial Inc. | 0.96% | 3,780,540 | $279.5M | Reduce -0.0% |
| WAB Wabtec Corp. | 0.93% | 1,850,334 | $269.6M | Reduce -59.3% |
| JPM JPMorgan Chase & Co. | 0.90% | 1,314,755 | $263.3M | Reduce -25.6% |
| SHEL Shell PLC-ADR | 0.90% | 3,893,439 | $261.0M | Reduce -0.1% |
| NOK Nokia Corp.-Spon ADR | 0.82% | 67,489,193 | $238.9M | Add +29.0% |
| PFE Pfizer Inc. | 0.73% | 7,670,445 | $212.9M | Add +181.6% |
| GS Goldman Sachs Group Inc. | 0.68% | 471,640 | $197.0M | Reduce -0.3% |
| CI The Cigna Group | 0.68% | 541,408 | $196.6M | Reduce -0.5% |
| MHK Mohawk Industries Inc. | 0.66% | 1,462,593 | $191.4M | Reduce -3.1% |
| CNO Cno Financial Group Inc. | 0.62% | 6,536,980 | $179.6M | Reduce -6.4% |
| GIL Gildan Activewear Inc. | 0.60% | 4,743,931 | $176.1M | Reduce -50.6% |
| OLN Olin Corp. | 0.58% | 2,878,218 | $169.2M | Reduce -0.8% |
| BAP Credicorp Ltd. | 0.54% | 933,764 | $158.2M | Add +3.9% |
| JELD Jeld-Wen Holding Inc. | 0.54% | 7,381,799 | $156.7M | Add +0.5% |
| AIG American International Group | 0.45% | 1,694,874 | $132.5M | Reduce -0.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.44% | 1,046,343 | $128.0M | Reduce -40.3% |
| HUM Humana Inc. | 0.43% | 362,972 | $125.8M | Add +36975.8% |
| ZTO Zto Express Cayman Inc.-ADR | 0.42% | 5,889,745 | $123.3M | Add +437.9% |
| GAP The Gap Inc. | 0.42% | 4,394,196 | $121.1M | Reduce -21.2% |
| LDOS Leidos Holdings Inc. | 0.41% | 907,485 | $119.0M | Reduce -20.8% |
| SPB Spectrum Brands Holdings Inc. | 0.40% | 1,315,483 | $117.1M | Add +21.7% |
| AXS Axis Capital Holdings Ltd. | 0.40% | 1,790,876 | $116.4M | Reduce -4.6% |
| AXTA Axalta Coating Systems Ltd. | 0.38% | 3,191,194 | $109.7M | Reduce -6.2% |
| AAP Advance Auto Parts Inc. | 0.37% | 1,252,733 | $106.6M | Reduce -3.6% |
| ELV Elevance Health Inc. | 0.34% | 193,219 | $100.2M | Reduce -0.2% |
| WBS Webster Financial Corp. | 0.32% | 1,856,880 | $94.3M | Reduce -7.1% |
| MRC MRC Global Inc. | 0.32% | 7,360,439 | $92.5M | Add +5.1% |
| SCS Steelcase Inc. Class A | 0.32% | 7,059,651 | $92.3M | Reduce -10.0% |
| REZI Resideo Technologies Inc. | 0.31% | 4,073,568 | $91.3M | Reduce -10.0% |
| DRH Diamondrock Hospitality Co. | 0.30% | 9,051,357 | $87.0M | Reduce -4.1% |
| UHS Universal Health Services-B | 0.29% | 455,773 | $83.2M | Add +41.2% |
| BDC Belden Inc. | 0.27% | 854,556 | $79.1M | Reduce -6.6% |
| GD General Dynamics Corp. | 0.26% | 270,352 | $76.4M | Reduce -21.6% |
| HSIC Henry Schein Inc. | 0.26% | 989,671 | $74.7M | Add +22.3% |
| CAH Cardinal Health Inc. | 0.25% | 661,064 | $74.0M | Reduce -43.0% |
| KFY Korn Ferry | 0.25% | 1,118,694 | $73.6M | Add +24.6% |
| MS Morgan Stanley | 0.24% | 751,834 | $70.8M | Add +0.3% |
| XOM Exxon Mobil Corp. | 0.24% | 596,285 | $69.3M | Reduce -0.1% |
| OEC Orion SA | 0.23% | 2,868,493 | $67.5M | Reduce -5.7% |
| CNXC Concentrix Corp. | 0.23% | 1,013,208 | $67.1M | Add +246.3% |
| CHRW C.H. Robinson Worldwide Inc. | 0.23% | 873,048 | $66.5M | New |
| SCSC Scansource Inc. | 0.23% | 1,506,913 | $66.4M | Reduce -20.4% |
| CBRE CBRE Group Inc. Class A | 0.22% | 671,431 | $65.3M | Reduce -0.1% |
| ADNT Adient PLC | 0.22% | 1,978,961 | $65.1M | Add +8.9% |
| TCOM Trip.com Group Ltd.-ADR | 0.22% | 1,468,689 | $64.5M | Reduce -45.8% |
| TRS Trimas Corp. | 0.22% | 2,393,520 | $64.0M | Reduce -6.2% |
| HAL Halliburton Co. | 0.21% | 1,552,445 | $61.2M | Reduce -26.5% |
| FNF Fidelity National Financial | 0.20% | 1,075,751 | $57.1M | Reduce -0.1% |
| ONB Old National Bancorp | 0.19% | 3,248,402 | $56.6M | Reduce -9.1% |
| ASB Associated Banc-Corp. | 0.19% | 2,592,922 | $55.8M | Reduce -8.3% |
| UVV Universal Corp. | 0.19% | 1,069,964 | $55.3M | Reduce -1.6% |
| AMWD American Woodmark Corp. | 0.19% | 539,856 | $54.9M | Reduce -12.7% |
| MBC Masterbrand Inc. | 0.19% | 2,900,671 | $54.4M | Reduce -14.5% |
| TILE Interface Inc. | 0.18% | 3,194,086 | $53.7M | Reduce -8.5% |
| MCK McKesson Corp. | 0.18% | 97,964 | $52.6M | Reduce -0.2% |
| CSCO Cisco Systems Inc. | 0.18% | 1,038,547 | $51.8M | Add +78.0% |
| FITB Fifth Third Bancorp | 0.17% | 1,346,018 | $50.1M | Reduce -0.0% |
| COLB Columbia Banking System Inc. | 0.16% | 2,456,438 | $47.5M | Add +29.8% |
| CRBG Corebridge Financial Inc. | 0.16% | 1,589,446 | $45.7M | Reduce -0.0% |
| MSM MSC Industrial Direct Co. Class A | 0.15% | 461,901 | $44.8M | Reduce -0.0% |
| GL Globe Life Inc. | 0.15% | 377,744 | $44.0M | Reduce -21.1% |
| DAN Dana Inc. | 0.15% | 3,436,590 | $43.6M | Reduce -6.3% |
| WSFS WSFS Financial Corp. | 0.14% | 932,721 | $42.1M | Reduce -7.0% |
| GMS GMS Inc. | 0.14% | 419,665 | $40.9M | Reduce -37.0% |
| RHI Robert Half Inc. | 0.14% | 507,371 | $40.2M | Add +68.8% |
| RF Regions Financial Corp. | 0.14% | 1,899,232 | $40.0M | No change |
| USNA Usana Health Sciences Inc. | 0.13% | 785,344 | $38.1M | Add +3.1% |
| TBI Trueblue Inc. | 0.13% | 2,995,474 | $37.5M | Reduce -3.1% |
| JNJ Johnson & Johnson | 0.13% | 230,253 | $36.4M | Reduce -63.9% |
| ABEV Ambev SA-ADR | 0.12% | 14,205,334 | $35.2M | Reduce -0.2% |
| VREX Varex Imaging Corp. | 0.11% | 1,815,759 | $32.9M | Add +68.7% |
Portfolio Sells Q4 2023 → Q1 2024
| WAB Wabtec Corp. | Reduce -59.3% | 0.93% | −1.25 |
| CTSH Cognizant Tech Solutions-A | Reduce -4.0% | 4.19% | −0.74 |
| GE General Electric | Reduce -99.8% | 0.00% | −0.61 |
| GIL Gildan Activewear Inc. | Reduce -50.6% | 0.60% | −0.59 |
| PVH PVH Corp. | Reduce -15.9% | 2.58% | −0.34 |
| AYI Acuity Inc. | Reduce -94.9% | 0.02% | −0.31 |
| NWL Newell Brands Inc. | Reduce -0.6% | 1.48% | −0.28 |
| JNJ Johnson & Johnson | Reduce -63.9% | 0.13% | −0.25 |
| JPM JPMorgan Chase & Co. | Reduce -25.6% | 0.90% | −0.23 |
| LEA Lear Corp. | Reduce -0.2% | 3.10% | −0.22 |
| CAH Cardinal Health Inc. | Reduce -43.0% | 0.25% | −0.19 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -86.3% | 0.04% | −0.18 |
| AVT Avnet Inc. | Reduce -0.4% | 1.46% | −0.17 |
| DIS The Walt Disney Co. | Reduce -40.3% | 0.44% | −0.16 |
| TCOM Trip.com Group Ltd.-ADR | Reduce -45.8% | 0.22% | −0.15 |
| DOW Dow Inc. | Reduce -0.2% | 3.68% | −0.14 |
| JNPR Juniper Networks Inc. | Sold out | 0.00% | −0.14 |
| UBS UBS Group AG-Reg | Reduce -1.6% | 2.83% | −0.13 |
| DOOR Masonite International Corp. | Reduce -71.1% | 0.08% | −0.12 |
| CNO Cno Financial Group Inc. | Reduce -6.4% | 0.62% | −0.12 |
| SKX Skechers USA Inc. Class A | Sold out | 0.00% | −0.11 |
| FLEX Flex Ltd. | Sold out | 0.00% | −0.11 |
| AEL American National Group Inc. | Sold out | 0.00% | −0.11 |
| COF Capital One Financial Corp. | Reduce -5.8% | 3.73% | −0.09 |
| RGA Reinsurance Group of America | Reduce -51.5% | 0.10% | −0.09 |
| OEC Orion SA | Reduce -5.7% | 0.23% | −0.09 |
| UVV Universal Corp. | Reduce -1.6% | 0.19% | −0.09 |
| SCS Steelcase Inc. Class A | Reduce -10.0% | 0.32% | −0.08 |
| VOYA Voya Financial Inc. | Reduce -0.0% | 0.96% | −0.08 |
| HAL Halliburton Co. | Reduce -26.5% | 0.21% | −0.08 |
| REVG Rev Group Inc. | Reduce -50.1% | 0.10% | −0.08 |
| GD General Dynamics Corp. | Reduce -21.6% | 0.26% | −0.07 |
| GL Globe Life Inc. | Reduce -21.1% | 0.15% | −0.07 |
| SHEL Shell PLC-ADR | Reduce -0.1% | 0.90% | −0.07 |
| GMS GMS Inc. | Reduce -37.0% | 0.14% | −0.07 |
| AXTA Axalta Coating Systems Ltd. | Reduce -6.2% | 0.38% | −0.06 |
| WBS Webster Financial Corp. | Reduce -7.1% | 0.32% | −0.06 |
| LDOS Leidos Holdings Inc. | Reduce -20.8% | 0.41% | −0.06 |
| SCSC Scansource Inc. | Reduce -20.4% | 0.23% | −0.05 |
| DAN Dana Inc. | Reduce -6.3% | 0.15% | −0.05 |
| TBI Trueblue Inc. | Reduce -3.1% | 0.13% | −0.05 |
| ORCL Oracle Corp. | Sold out | 0.00% | −0.05 |
| GPN Global Payments Inc. | Reduce -0.4% | 1.00% | −0.04 |
| ASB Associated Banc-Corp. | Reduce -8.3% | 0.19% | −0.04 |
| DRH Diamondrock Hospitality Co. | Reduce -4.1% | 0.30% | −0.03 |
| HOFT Hooker Furnishings Corp. | Reduce -9.3% | 0.11% | −0.03 |
| ONB Old National Bancorp | Reduce -9.1% | 0.19% | −0.03 |
| GCO Genesco Inc. | Reduce -2.8% | 0.07% | −0.03 |
| ABEV Ambev SA-ADR | Reduce -0.2% | 0.12% | −0.03 |
| WSFS WSFS Financial Corp. | Reduce -7.0% | 0.14% | −0.03 |
Portfolio Buys Q4 2023 → Q1 2024
| CVS CVS Health Corp. | Add +573.8% | 1.52% | +1.28 |
| BMY Bristol-Myers Squibb Co. | Add +119.8% | 2.29% | +1.21 |
| DG Dollar General Corp. | New | 1.04% | +1.04 |
| TSN Tyson Foods Inc. Class A | Add +79.2% | 2.13% | +0.94 |
| MGA Magna International Inc. | Add +40.1% | 4.57% | +0.78 |
| CHTR Charter Communications Inc. Class A | Add +96.5% | 2.84% | +0.72 |
| PFE Pfizer Inc. | Add +181.6% | 0.73% | +0.44 |
| HUM Humana Inc. | Add +36975.8% | 0.43% | +0.43 |
| ZTO Zto Express Cayman Inc.-ADR | Add +437.9% | 0.42% | +0.34 |
| CHRW C.H. Robinson Worldwide Inc. | New | 0.23% | +0.23 |
| BAC Bank of America Corp. | Add +4.7% | 2.79% | +0.20 |
| NOK Nokia Corp.-Spon ADR | Add +29.0% | 0.82% | +0.15 |
| SWKS Skyworks Solutions Inc. | Add +27.5% | 1.28% | +0.14 |
| CNXC Concentrix Corp. | Add +246.3% | 0.23% | +0.12 |
| UHS Universal Health Services-B | Add +41.2% | 0.29% | +0.10 |
| SPB Spectrum Brands Holdings Inc. | Add +21.7% | 0.40% | +0.08 |
| CSCO Cisco Systems Inc. | Add +78.0% | 0.18% | +0.07 |
| BAX Baxter International Inc. | Add +0.6% | 3.58% | +0.05 |
| KFY Korn Ferry | Add +24.6% | 0.25% | +0.05 |
| TEL Te Connectivity Ltd. | Add +9.3% | 1.40% | +0.04 |
| RHI Robert Half Inc. | Add +68.8% | 0.14% | +0.04 |
| BAP Credicorp Ltd. | Add +3.9% | 0.54% | +0.04 |
| VREX Varex Imaging Corp. | Add +68.7% | 0.11% | +0.03 |
| MRC MRC Global Inc. | Add +5.1% | 0.32% | +0.03 |
| HSIC Henry Schein Inc. | Add +22.3% | 0.26% | +0.03 |
| JELD Jeld-Wen Holding Inc. | Add +0.5% | 0.54% | +0.02 |
| SHYF The Shyft Group Inc. | New | 0.01% | +0.01 |
| KB KB Financial Group Inc.-ADR | Add +22.1% | 0.01% | +0.00 |
| VALE Vale SA-SP ADR | Add +73.1% | 0.01% | +0.00 |
| INTC Intel Corp. | New | 0.00% | +0.00 |
| DOCU Docusign Inc. | New | 0.00% | +0.00 |
| KHC The Kraft Heinz Co. | New | 0.00% | +0.00 |
| HLI Houlihan Lokey Inc. | New | 0.00% | +0.00 |
| SSL Sasol Ltd.-Sponsored ADR | Add +53.0% | 0.01% | +0.00 |
| ALB Albemarle Corp. | New | 0.00% | +0.00 |
| NWG Natwest Group PLC -Spon ADR | Add +13.6% | 0.00% | +0.00 |
| QRVO Qorvo Inc. | Add +51.7% | 0.00% | +0.00 |
| DLTR Dollar Tree Inc. | Add +15.2% | 0.00% | 0.00 |
| UTHR United Therapeutics Corp. | Add +3.7% | 0.00% | 0.00 |
| VOD Vodafone Group PLC-SP ADR | Add +3.9% | 0.00% | 0.00 |
| EXEL Exelixis Inc. | Add +4.0% | 0.00% | −0.00 |
| CIG Cia Energetica DE-Spon ADR | Add +0.8% | 0.01% | −0.00 |
| GILD Gilead Sciences Inc. | Add +6.1% | 0.00% | −0.00 |
| ITUB Itau Unibanco H-Spon PRF ADR | Add +0.4% | 0.01% | −0.00 |
| PBR.A Petroleo Brasil-SP Pref ADR | Add +0.1% | 0.01% | −0.00 |
| BIDU Baidu Inc. - Spon ADR | Add +22.3% | 0.11% | −0.00 |
| BABA Alibaba Group Holding-SP ADR | Add +3.9% | 0.02% | −0.00 |
| MMI Marcus & Millichap Inc. | Add +3.8% | 0.03% | −0.01 |
| HDB HDFC Bank Ltd.-ADR | Add +0.2% | 0.05% | −0.02 |
| MS Morgan Stanley | Add +0.3% | 0.24% | −0.02 |
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 |