Pzena Investment Management LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 8, 2024), Pzena Investment Management LLC reported 157 stock positions worth $31.0 billion. Its top holding was Magna International (MGA) at 4.7% of the portfolio, followed by Cognizant Tech Solutions-A (CTSH, 4.6%) and Baxter International (BAX, 3.9%). Compared with Q2 2024, it opened 7 new positions, sold out of 10, added to 57 and reduced 76. The biggest buy was Dollar General (DG, shares +453%) and the biggest sale Edison International (EIX, shares −28%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001027796
- Portfolio Value
- $31.0B (Q3 2024)
- SEC Filing
- 0001027796-24-000048 ↗ filed Nov 8, 2024
Holdings Value
Holdings 157 stocks · $31.0B
| MGA Magna International Inc. | 4.71% | 26,322,353 | $1.5B | Add +25.6% |
| CTSH Cognizant Tech Solutions-A | 4.63% | 18,609,588 | $1.4B | Reduce 0.0% |
| BAX Baxter International Inc. | 3.94% | 32,222,202 | $1.2B | Add +4.5% |
| COF Capital One Financial Corp. | 3.35% | 6,939,552 | $1.0B | Add +0.1% |
| DOW Dow Inc. | 3.34% | 18,951,871 | $1.0B | Add +0.5% |
| CHTR Charter Communications Inc. Class A | 3.15% | 3,013,220 | $976.5M | Reduce -0.3% |
| C Citigroup Inc. | 3.05% | 15,126,565 | $946.9M | Reduce -1.3% |
| SSNC Ss&c Technologies Holdings | 3.03% | 12,663,903 | $939.8M | Reduce -10.9% |
| WFC Wells Fargo & Co. | 2.85% | 15,622,217 | $882.5M | Reduce -0.5% |
| DG Dollar General Corp. | 2.79% | 10,238,886 | $865.9M | Add +453.4% |
| LEA Lear Corp. | 2.71% | 7,714,653 | $842.1M | Add +7.3% |
| CVS CVS Health Corp. | 2.66% | 13,135,308 | $825.9M | Add +1.5% |
| EIX Edison International | 2.60% | 9,262,648 | $806.7M | Reduce -28.1% |
| UBS UBS Group AG-Reg | 2.59% | 30,802,466 | $802.7M | Add +2.8% |
| MET Metlife Inc. | 2.56% | 9,636,576 | $794.8M | Reduce -0.1% |
| HUM Humana Inc. | 2.56% | 2,506,250 | $793.8M | Add +8.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 2.49% | 19,482,901 | $773.1M | Reduce -1.8% |
| MDT Medtronic PLC | 2.49% | 8,582,993 | $772.7M | Add +3.3% |
| TSN Tyson Foods Inc. Class A | 2.41% | 12,543,781 | $747.1M | Add +0.4% |
| BMY Bristol-Myers Squibb Co. | 2.37% | 14,201,746 | $734.8M | Add +0.5% |
| EQH Equitable Holdings Inc. | 2.23% | 16,432,139 | $690.6M | Reduce -11.9% |
| NOV Nov Inc. | 2.22% | 43,027,106 | $687.1M | Add +22.3% |
| GPN Global Payments Inc. | 2.19% | 6,638,862 | $680.0M | Add +3.4% |
| PVH PVH Corp. | 1.84% | 5,656,006 | $570.3M | Add +0.6% |
| DOX Amdocs Ltd. | 1.79% | 6,363,739 | $556.7M | Add +12.3% |
| AVT Avnet Inc. | 1.45% | 8,274,168 | $449.4M | Reduce -3.5% |
| SWKS Skyworks Solutions Inc. | 1.30% | 4,093,760 | $404.3M | Add +0.1% |
| NWL Newell Brands Inc. | 1.30% | 52,466,712 | $402.9M | Reduce -0.0% |
| NOK Nokia Corp.-Spon ADR | 1.28% | 90,785,960 | $396.7M | Add +10.0% |
| TEL Te Connectivity PLC | 1.27% | 2,614,993 | $394.8M | No change |
| FMS Fresenius Medical Care-ADR | 1.11% | 16,215,669 | $345.4M | Add +0.2% |
| VOYA Voya Financial Inc. | 0.94% | 3,681,234 | $291.6M | Reduce -0.1% |
| DAL Delta Air Lines Inc. | 0.91% | 5,536,640 | $281.2M | New |
| SHEL Shell PLC-ADR | 0.79% | 3,699,517 | $244.0M | Add +0.2% |
| PFE Pfizer Inc. | 0.68% | 7,281,709 | $210.7M | Add +0.3% |
| GS Goldman Sachs Group Inc. | 0.64% | 402,339 | $199.2M | Reduce -8.4% |
| CI The Cigna Group | 0.61% | 541,778 | $187.7M | Add +0.3% |
| JPM JPMorgan Chase & Co. | 0.60% | 884,350 | $186.5M | Reduce -7.9% |
| BAP Credicorp Ltd. | 0.60% | 1,026,833 | $185.8M | Add +9.8% |
| MHK Mohawk Industries Inc. | 0.56% | 1,087,476 | $174.7M | Reduce -0.4% |
| ZTO Zto Express Cayman Inc.-ADR | 0.56% | 7,039,599 | $174.4M | Add +18.1% |
| OLN Olin Corp. | 0.53% | 3,452,708 | $165.7M | Add +24.8% |
| CNO Cno Financial Group Inc. | 0.52% | 4,577,890 | $160.7M | Reduce -24.0% |
| JELD Jeld-Wen Holding Inc. | 0.49% | 9,582,008 | $151.5M | Add +2.8% |
| SPB Spectrum Brands Holdings Inc. | 0.40% | 1,310,861 | $124.7M | Add +10.4% |
| CSCO Cisco Systems Inc. | 0.38% | 2,228,564 | $118.6M | Add +115.4% |
| AAP Advance Auto Parts Inc. | 0.37% | 2,908,658 | $113.4M | Add +140.3% |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 0.36% | 1,066,645 | $113.1M | Add +22.9% |
| GL Globe Life Inc. | 0.34% | 1,008,732 | $106.8M | Add +8.4% |
| ELV Elevance Health Inc. | 0.32% | 192,368 | $100.0M | Add +0.1% |
| UHS Universal Health Services-B | 0.30% | 405,949 | $93.0M | Reduce -10.8% |
| LDOS Leidos Holdings Inc. | 0.26% | 502,880 | $82.0M | Add +0.0% |
| GD General Dynamics Corp. | 0.26% | 270,507 | $81.7M | Add +0.1% |
| WBS Webster Financial Corp. | 0.26% | 1,726,539 | $80.5M | Reduce -0.9% |
| DRH Diamondrock Hospitality Co. | 0.26% | 9,153,018 | $79.9M | Add +3.6% |
| MS Morgan Stanley | 0.25% | 750,188 | $78.2M | Add +0.1% |
| KFY Korn Ferry | 0.25% | 1,022,212 | $76.9M | Reduce -2.2% |
| CNXC Concentrix Corp. | 0.24% | 1,468,639 | $75.3M | Reduce -1.1% |
| MRC MRC Global Inc. | 0.24% | 5,770,791 | $73.5M | Add +0.3% |
| HSIC Henry Schein Inc. | 0.23% | 986,467 | $71.9M | Reduce -0.3% |
| SCS Steelcase Inc. Class A | 0.23% | 5,239,449 | $70.7M | Reduce -26.1% |
| XOM Exxon Mobil Corp. | 0.22% | 594,716 | $69.7M | No change |
| RHI Robert Half Inc. | 0.22% | 1,027,683 | $69.3M | Add +41.9% |
| OEC Orion SA | 0.21% | 3,647,985 | $65.0M | Add +35.4% |
| ADNT Adient PLC | 0.21% | 2,825,491 | $63.8M | Add +45.0% |
| REZI Resideo Technologies Inc. | 0.20% | 3,022,371 | $60.9M | Reduce -7.4% |
| WAB Wabtec Corp. | 0.19% | 332,298 | $60.4M | Reduce -26.9% |
| MBUU Malibu Boats Inc. Class A | 0.19% | 1,555,331 | $60.4M | Add +5.2% |
| COLB Columbia Banking System Inc. | 0.19% | 2,225,764 | $58.1M | Reduce -8.5% |
| ONB Old National Bancorp | 0.18% | 2,983,728 | $55.7M | Reduce -5.1% |
| TRS Trimas Corp. | 0.18% | 2,142,547 | $54.7M | Reduce -5.2% |
| ASB Associated Banc-Corp. | 0.17% | 2,461,851 | $53.0M | Reduce -1.9% |
| MBC Masterbrand Inc. | 0.17% | 2,838,716 | $52.6M | Add +1.3% |
| CHRW C.H. Robinson Worldwide Inc. | 0.17% | 465,027 | $51.3M | Reduce -47.0% |
| FITB Fifth Third Bancorp | 0.16% | 1,163,906 | $49.9M | Reduce -0.5% |
| UVV Universal Corp. | 0.16% | 928,870 | $49.3M | Reduce -10.0% |
| CBRE CBRE Group Inc. Class A | 0.16% | 395,471 | $49.2M | Reduce -41.1% |
| AXS Axis Capital Holdings Ltd. | 0.15% | 593,252 | $47.2M | Reduce -61.0% |
| VREX Varex Imaging Corp. | 0.15% | 3,890,879 | $46.4M | Add +51.4% |
| G Genpact Ltd. | 0.15% | 1,163,870 | $45.6M | No change |
| SHG Shinhan Financial Group-ADR | 0.15% | 1,073,222 | $45.5M | Reduce -0.9% |
| AMWD American Woodmark Corp. | 0.15% | 483,562 | $45.2M | Add +59.1% |
| PLOW Douglas Dynamics Inc. | 0.14% | 1,624,820 | $44.8M | Add +15.9% |
| HAL Halliburton Co. | 0.14% | 1,542,006 | $44.8M | Add +0.0% |
| ABEV Ambev SA-ADR | 0.14% | 18,351,089 | $44.8M | Reduce -0.2% |
| RF Regions Financial Corp. | 0.14% | 1,899,232 | $44.3M | No change |
| BFH Bread Financial Holdings Inc. | 0.14% | 880,827 | $41.9M | Add +38.2% |
| CRBG Corebridge Financial Inc. | 0.14% | 1,436,310 | $41.9M | Reduce -0.3% |
| WSFS WSFS Financial Corp. | 0.13% | 816,470 | $41.6M | Reduce -9.3% |
| HR Healthcare Realty Trust Inc. | 0.13% | 2,225,430 | $40.4M | New |
| USNA Usana Health Sciences Inc. | 0.13% | 1,049,610 | $39.8M | Add +7.5% |
| MSM MSC Industrial Direct Co. Class A | 0.13% | 461,931 | $39.8M | Add +0.0% |
| SHYF The Shyft Group Inc. | 0.13% | 3,099,622 | $38.9M | Reduce -4.5% |
| WCC Wesco International Inc. | 0.12% | 228,819 | $38.4M | Add +53.8% |
| FMC FMC Corp. | 0.12% | 575,294 | $37.9M | Reduce -0.3% |
| JNJ Johnson & Johnson | 0.12% | 229,342 | $37.2M | Reduce -0.3% |
| ABM Abm Industries Inc. | 0.12% | 694,464 | $36.6M | Add +67.0% |
| DAN Dana Inc. | 0.12% | 3,449,811 | $36.4M | Add +7.0% |
| FNF Fidelity National Financial | 0.12% | 583,690 | $36.2M | Reduce -42.8% |
| HELE Helen of Troy Ltd. | 0.12% | 581,442 | $36.0M | New |
Portfolio Sells Q2 2024 → Q3 2024
| EIX Edison International | Reduce -28.1% | 2.60% | −0.65 |
| EQH Equitable Holdings Inc. | Reduce -11.9% | 2.23% | −0.45 |
| WFC Wells Fargo & Co. | Reduce -0.5% | 2.85% | −0.43 |
| C Citigroup Inc. | Reduce -1.3% | 3.05% | −0.36 |
| BAC Bank of America Corp. | Reduce -1.8% | 2.49% | −0.28 |
| CAH Cardinal Health Inc. | Sold out | 0.00% | −0.23 |
| AXS Axis Capital Holdings Ltd. | Reduce -61.0% | 0.15% | −0.23 |
| AXTA Axalta Coating Systems Ltd. | Reduce -98.0% | 0.00% | −0.22 |
| BDC Belden Inc. | Reduce -88.3% | 0.03% | −0.21 |
| CHRW C.H. Robinson Worldwide Inc. | Reduce -47.0% | 0.17% | −0.11 |
| AVT Avnet Inc. | Reduce -3.5% | 1.45% | −0.10 |
| SSNC Ss&c Technologies Holdings | Reduce -10.9% | 3.03% | −0.10 |
| SCS Steelcase Inc. Class A | Reduce -26.1% | 0.23% | −0.10 |
| CNXC Concentrix Corp. | Reduce -1.1% | 0.24% | −0.09 |
| GIL Gildan Activewear Inc. | Reduce -53.9% | 0.10% | −0.09 |
| JPM JPMorgan Chase & Co. | Reduce -7.9% | 0.60% | −0.08 |
| CNO Cno Financial Group Inc. | Reduce -24.0% | 0.52% | −0.07 |
| TILE Interface Inc. | Reduce -81.3% | 0.02% | −0.07 |
| TCOM Trip.com Group Ltd.-ADR | Sold out | 0.00% | −0.07 |
| SCSC Scansource Inc. | Reduce -44.5% | 0.08% | −0.06 |
| FNF Fidelity National Financial | Reduce -42.8% | 0.12% | −0.06 |
| WAB Wabtec Corp. | Reduce -26.9% | 0.19% | −0.06 |
| GS Goldman Sachs Group Inc. | Reduce -8.4% | 0.64% | −0.06 |
| CBRE CBRE Group Inc. Class A | Reduce -41.1% | 0.16% | −0.05 |
| TBI Trueblue Inc. | Reduce -3.1% | 0.07% | −0.03 |
| CHTR Charter Communications Inc. Class A | Reduce -0.3% | 3.15% | −0.03 |
| REZI Resideo Technologies Inc. | Reduce -7.4% | 0.20% | −0.03 |
| TRS Trimas Corp. | Reduce -5.2% | 0.18% | −0.03 |
| IBN Icici Bank Ltd.-Spon ADR | Reduce -73.4% | 0.01% | −0.03 |
| GAP The Gap Inc. | Reduce -5.0% | 0.10% | −0.02 |
| UVV Universal Corp. | Reduce -10.0% | 0.16% | −0.02 |
| ASB Associated Banc-Corp. | Reduce -1.9% | 0.17% | −0.02 |
| WSFS WSFS Financial Corp. | Reduce -9.3% | 0.13% | −0.01 |
| CRBG Corebridge Financial Inc. | Reduce -0.3% | 0.14% | −0.01 |
| DIS The Walt Disney Co. | Reduce -0.3% | 0.08% | −0.01 |
| ONB Old National Bancorp | Reduce -5.1% | 0.18% | −0.01 |
| SHYF The Shyft Group Inc. | Reduce -4.5% | 0.13% | −0.01 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -11.9% | 0.03% | −0.01 |
| WBS Webster Financial Corp. | Reduce -0.9% | 0.26% | −0.01 |
| SNV Synovus Financial Corp. | Reduce -6.1% | 0.10% | −0.01 |
| GCO Genesco Inc. | Reduce -0.3% | 0.11% | −0.00 |
| PAHC Phibro Animal Health Corp. Class A | Reduce -20.5% | 0.11% | −0.00 |
| EQNR Equinor ASA-Spon ADR | Sold out | 0.00% | −0.00 |
| UTHR United Therapeutics Corp. | Sold out | 0.00% | −0.00 |
| RGA Reinsurance Group of America | Reduce -48.0% | 0.00% | −0.00 |
| INTC Intel Corp. | Sold out | 0.00% | −0.00 |
| AYI Acuity Inc. | Sold out | 0.00% | −0.00 |
| ATO Atmos Energy Corp. | Sold out | 0.00% | −0.00 |
| DLTR Dollar Tree Inc. | Sold out | 0.00% | −0.00 |
| CMCSA Comcast Corp. Class A | Sold out | 0.00% | −0.00 |
Portfolio Buys Q2 2024 → Q3 2024
| DG Dollar General Corp. | Add +453.4% | 2.79% | +1.93 |
| DAL Delta Air Lines Inc. | New | 0.91% | +0.91 |
| MGA Magna International Inc. | Add +25.6% | 4.71% | +0.48 |
| BAX Baxter International Inc. | Add +4.5% | 3.94% | +0.32 |
| BMY Bristol-Myers Squibb Co. | Add +0.5% | 2.37% | +0.31 |
| DOX Amdocs Ltd. | Add +12.3% | 1.79% | +0.22 |
| CSCO Cisco Systems Inc. | Add +115.4% | 0.38% | +0.21 |
| MDT Medtronic PLC | Add +3.3% | 2.49% | +0.19 |
| NOK Nokia Corp.-Spon ADR | Add +10.0% | 1.28% | +0.18 |
| HR Healthcare Realty Trust Inc. | New | 0.13% | +0.13 |
| ZTO Zto Express Cayman Inc.-ADR | Add +18.1% | 0.56% | +0.13 |
| HELE Helen of Troy Ltd. | New | 0.12% | +0.12 |
| AAP Advance Auto Parts Inc. | Add +140.3% | 0.37% | +0.10 |
| HUN Huntsman Corp. | New | 0.09% | +0.09 |
| OLN Olin Corp. | Add +24.8% | 0.53% | +0.08 |
| GL Globe Life Inc. | Add +8.4% | 0.34% | +0.08 |
| BAP Credicorp Ltd. | Add +9.8% | 0.60% | +0.07 |
| HVT Haverty Furniture | New | 0.06% | +0.06 |
| AMWD American Woodmark Corp. | Add +59.1% | 0.15% | +0.06 |
| RHI Robert Half Inc. | Add +41.9% | 0.22% | +0.06 |
| JELD Jeld-Wen Holding Inc. | Add +2.8% | 0.49% | +0.05 |
| ABM Abm Industries Inc. | Add +67.0% | 0.12% | +0.04 |
| SPB Spectrum Brands Holdings Inc. | Add +10.4% | 0.40% | +0.04 |
| WCC Wesco International Inc. | Add +53.8% | 0.12% | +0.04 |
| KOP Koppers Holdings Inc. | Add +91.8% | 0.09% | +0.04 |
| ADNT Adient PLC | Add +45.0% | 0.21% | +0.04 |
| BFH Bread Financial Holdings Inc. | Add +38.2% | 0.14% | +0.04 |
| PLOW Douglas Dynamics Inc. | Add +15.9% | 0.14% | +0.03 |
| FMS Fresenius Medical Care-ADR | Add +0.2% | 1.11% | +0.03 |
| MBC Masterbrand Inc. | Add +1.3% | 0.17% | +0.03 |
| BIDU Baidu Inc. - Spon ADR | Add +6.6% | 0.11% | +0.02 |
| VREX Varex Imaging Corp. | Add +51.4% | 0.15% | +0.02 |
| MBUU Malibu Boats Inc. Class A | Add +5.2% | 0.19% | +0.01 |
| HOFT Hooker Furnishings Corp. | Add +1.1% | 0.07% | +0.01 |
| GPN Global Payments Inc. | Add +3.4% | 2.19% | +0.01 |
| LDOS Leidos Holdings Inc. | Add +0.0% | 0.26% | +0.01 |
| ITUB Itau Unibanco H-Spon PRF ADR | Add +61.1% | 0.01% | +0.00 |
| OEC Orion SA | Add +35.4% | 0.21% | +0.00 |
| MKSI MKS Inc. | New | 0.00% | +0.00 |
| MT Arcelormittal-NY Registered | Add +32.3% | 0.00% | +0.00 |
| HOLX Hologic Inc. | New | 0.00% | +0.00 |
| MSM MSC Industrial Direct Co. Class A | Add +0.0% | 0.13% | −0.00 |
| MS Morgan Stanley | Add +0.1% | 0.25% | −0.00 |
| DRH Diamondrock Hospitality Co. | Add +3.6% | 0.26% | −0.00 |
| GD General Dynamics Corp. | Add +0.1% | 0.26% | −0.01 |
| DAN Dana Inc. | Add +7.0% | 0.12% | −0.02 |
| CI The Cigna Group | Add +0.3% | 0.61% | −0.02 |
| CVS CVS Health Corp. | Add +1.5% | 2.66% | −0.02 |
| MRC MRC Global Inc. | Add +0.3% | 0.24% | −0.02 |
| COF Capital One Financial Corp. | Add +0.1% | 3.35% | −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 |