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

0$10.0B$20.0B$30.0B$40.0B Q1 2024: $29.1B Q1 2024 Q2 2024: $28.4B Q2 2024 Q3 2024: $31.0B $31.0B Q3 2024 Q4 2024: $29.4B Q4 2024 Q1 2025: $28.6B Q1 2025 Q2 2025: $30.8B Q2 2025 Q3 2025: $30.9B Q3 2025 Q4 2025: $33.4B Q4 2025 Q1 2026: $30.8B Q1 2026 Q2 2026: $34.1B Q2 2026

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
AIG American International Group 0.11% 475,206 $34.8M No change
BIDU Baidu Inc. - Spon ADR 0.11% 330,131 $34.8M Add +6.6%
UVSP Univest Financial Corp. 0.11% 1,189,748 $33.5M Reduce -6.2%
MCK McKesson Corp. 0.11% 67,079 $33.2M No change
GCO Genesco Inc. 0.11% 1,217,858 $33.1M Reduce -0.3%
PAHC Phibro Animal Health Corp. Class A 0.11% 1,460,800 $32.9M Reduce -20.5%
SNV Synovus Financial Corp. 0.10% 711,469 $31.6M Reduce -6.1%
GIL Gildan Activewear Inc. 0.10% 636,743 $30.0M Reduce -53.9%
GAP The Gap Inc. 0.10% 1,359,676 $30.0M Reduce -5.0%
ARW Arrow Electronics Inc. 0.09% 221,239 $29.4M Reduce 0.0%
KEY Keycorp 0.09% 1,745,986 $29.2M No change
KOP Koppers Holdings Inc. 0.09% 770,169 $28.1M Add +91.8%
HUN Huntsman Corp. 0.09% 1,117,578 $27.0M New
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.08% 270,551 $26.0M Reduce -0.3%
CMA Comerica Inc. 0.08% 433,892 $26.0M No change
MAN Manpowergroup Inc. 0.08% 351,121 $25.8M No change
SCSC Scansource Inc. 0.08% 514,503 $24.7M Reduce -44.5%
HOFT Hooker Furnishings Corp. 0.07% 1,286,381 $23.3M Add +1.1%
MMI Marcus & Millichap Inc. 0.07% 583,697 $23.1M Reduce -9.0%
TBI Trueblue Inc. 0.07% 2,780,117 $21.9M Reduce -3.1%
HVT Haverty Furniture 0.06% 719,637 $19.8M New
HDB HDFC Bank Ltd.-ADR 0.06% 310,736 $19.4M No change
IVZ Invesco Ltd. 0.05% 886,851 $15.6M No change
ETR Entergy Corp. 0.05% 110,594 $14.6M Reduce -0.1%
BDC Belden Inc. 0.03% 86,976 $10.2M Reduce -88.3%
TSM Taiwan Semiconductor-SP ADR 0.03% 57,582 $10.0M Reduce -11.9%
BABA Alibaba Group Holding-SP ADR 0.02% 65,310 $6.9M Reduce -0.5%
TILE Interface Inc. 0.02% 317,299 $6.0M Reduce -81.3%
CIG Cia Energetica DE-Spon ADR 0.01% 1,583,394 $3.3M No change
VALE Vale SA-SP ADR 0.01% 253,398 $3.0M No change
IBN Icici Bank Ltd.-Spon ADR 0.01% 88,465 $2.6M Reduce -73.4%
ITUB Itau Unibanco H-Spon PRF ADR 0.01% 371,725 $2.5M Add +61.1%
KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC 0.01% 38,941 $2.4M No change
SSL Sasol Ltd.-Sponsored ADR 0.01% 352,561 $2.4M No change
PBR.A Petroleo Brasil-SP Pref ADR 0.01% 168,134 $2.2M No change
AXTA Axalta Coating Systems Ltd. 0.00% 36,979 $1.3M Reduce -98.0%
BCS Barclays PLC-Spons ADR 0.00% 85,302 $1.0M Reduce -12.6%
ING ING Groep N.V.-Sponsored ADR 0.00% 49,932 $907K Reduce -7.2%
MT Arcelormittal-NY Registered 0.00% 33,198 $872K Add +32.3%
HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC 0.00% 16,448 $743K Reduce -2.9%
NWG Natwest Group PLC -Spon ADR 0.00% 67,045 $628K Reduce -16.9%
ITRN Ituran Location and Control 0.00% 22,659 $601K No change
RGA Reinsurance Group of America 0.00% 2,320 $505K Reduce -48.0%
PHG Koninklijke Philips NVR- NY 0.00% 13,013 $426K Reduce -5.3%
DOCU Docusign Inc. 0.00% 6,379 $396K Reduce -21.4%
TMUS T-Mobile US Inc. 0.00% 1,845 $381K Reduce -33.0%
HLI Houlihan Lokey Inc. 0.00% 2,329 $368K Reduce -32.8%
MKSI MKS Inc. filed as MKS INSTRS INC 0.00% 3,323 $361K New
DBX Dropbox Inc. Class A 0.00% 13,953 $355K Reduce -27.4%
QRVO Qorvo Inc. 0.00% 3,244 $335K Reduce -25.5%
LPLA LPL Financial Holdings Inc. 0.00% 1,187 $276K Reduce -23.0%
HOLX Hologic Inc. 0.00% 3,030 $247K New
SMFG Sumitomo Mitsui-Spons ADR 0.00% 18,615 $235K Reduce -15.6%
ULTA Ulta Beauty Inc. 0.00% 590 $230K Reduce -29.7%
DELL Dell Technologies -C 0.00% 1,917 $227K Reduce -12.3%
GILD Gilead Sciences Inc. 0.00% 2,624 $220K Reduce -42.8%
HIG Hartford Insurance Group Inc. 0.00% 1,757 $207K Reduce -15.1%

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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 161$34.1BMGA, HUM, BAX, CVS, DG
Q1 2026 158$30.8BMGA, CTSH, TSN, BAX, BMY
Q4 2025 157$33.4BMGA, CTSH, DG, BAX, C
Q3 2025 154$30.9BMGA, BAX, C, DG, CVS
Q2 2025 152$30.8BMGA, CTSH, DG, BAX, C
Q1 2025 146$28.6BMGA, CTSH, BAX, CVS, DG
Q4 2024 152$29.4BMGA, CTSH, COF, BAX, WFC
Q3 2024 157$31.0BMGA, CTSH, BAX, COF, DOW
Q2 2024 160$28.4BCTSH, MGA, BAX, DOW, C
Q1 2024 159$29.1BMGA, CTSH, COF, DOW, BAX