Pzena Investment Management LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 7, 2025), Pzena Investment Management LLC reported 152 stock positions worth $29.4 billion. Its top holding was Magna International (MGA) at 5.5% of the portfolio, followed by Cognizant Tech Solutions-A (CTSH, 4.6%) and Capital One Financial (COF, 3.7%). Compared with Q3 2024, it opened 7 new positions, sold out of 12, added to 51 and reduced 82. The biggest buy was Global Payments (GPN, shares +25%) and the biggest sale Edison International (EIX, shares −42%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001027796
- Portfolio Value
- $29.4B (Q4 2024)
- SEC Filing
- 0001027796-25-000014 ↗ filed Feb 7, 2025
Holdings Value
Holdings 152 stocks · $29.4B
| MGA Magna International Inc. | 5.52% | 27,005,596 | $1.6B | Add +2.6% |
| CTSH Cognizant Tech Solutions-A | 4.62% | 17,666,002 | $1.4B | Reduce -5.1% |
| COF Capital One Financial Corp. | 3.74% | 6,167,716 | $1.1B | Reduce -11.1% |
| BAX Baxter International Inc. | 3.34% | 33,638,296 | $980.9M | Add +4.4% |
| WFC Wells Fargo & Co. | 3.30% | 13,824,242 | $971.0M | Reduce -11.5% |
| C Citigroup Inc. | 3.29% | 13,734,181 | $966.7M | Reduce -9.2% |
| CHTR Charter Communications Inc. Class A | 3.27% | 2,806,973 | $962.1M | Reduce -6.8% |
| GPN Global Payments Inc. | 3.16% | 8,298,846 | $930.0M | Add +25.0% |
| HUM Humana Inc. | 3.12% | 3,609,382 | $915.7M | Add +44.0% |
| DG Dollar General Corp. | 3.04% | 11,767,336 | $892.2M | Add +14.9% |
| CVS CVS Health Corp. | 3.00% | 19,610,579 | $880.3M | Add +49.3% |
| SSNC Ss&c Technologies Holdings | 2.98% | 11,559,007 | $875.9M | Reduce -8.7% |
| UBS UBS Group AG-Reg | 2.79% | 29,590,323 | $820.5M | Reduce -3.9% |
| DOW Dow Inc. | 2.57% | 18,792,963 | $754.2M | Reduce -0.8% |
| BMY Bristol-Myers Squibb Co. | 2.56% | 13,301,299 | $752.3M | Reduce -6.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 2.48% | 16,612,322 | $730.1M | Reduce -14.7% |
| LEA Lear Corp. | 2.47% | 7,679,092 | $727.2M | Reduce -0.5% |
| MET Metlife Inc. | 2.45% | 8,803,671 | $720.8M | Reduce -8.6% |
| TSN Tyson Foods Inc. Class A | 2.34% | 11,992,302 | $688.8M | Reduce -4.4% |
| MDT Medtronic PLC | 2.23% | 8,215,017 | $656.2M | Reduce -4.3% |
| NOV Nov Inc. | 2.06% | 41,458,393 | $605.3M | Reduce -3.6% |
| PVH PVH Corp. | 1.93% | 5,354,266 | $566.2M | Reduce -5.3% |
| DOX Amdocs Ltd. | 1.92% | 6,634,549 | $564.9M | Add +4.3% |
| SWKS Skyworks Solutions Inc. | 1.70% | 5,630,049 | $499.3M | Add +37.5% |
| NWL Newell Brands Inc. | 1.66% | 49,010,425 | $488.1M | Reduce -6.6% |
| EIX Edison International | 1.46% | 5,374,322 | $429.1M | Reduce -42.0% |
| EQH Equitable Holdings Inc. | 1.31% | 8,191,328 | $386.4M | Reduce -50.1% |
| AVT Avnet Inc. | 1.29% | 7,269,195 | $380.3M | Reduce -12.2% |
| NOK Nokia Corp.-Spon ADR | 1.26% | 83,842,975 | $371.4M | Reduce -7.7% |
| TEL Te Connectivity PLC | 1.19% | 2,441,504 | $349.1M | Reduce -6.6% |
| FMS Fresenius Medical Care-ADR | 1.18% | 15,283,025 | $346.0M | Reduce -5.8% |
| DAL Delta Air Lines Inc. | 1.02% | 4,932,270 | $298.4M | Reduce -10.9% |
| VOYA Voya Financial Inc. | 0.84% | 3,567,103 | $245.5M | Reduce -3.1% |
| SHEL Shell PLC-ADR | 0.76% | 3,577,175 | $224.1M | Reduce -3.3% |
| BAP Credicorp Ltd. | 0.67% | 1,080,579 | $198.1M | Add +5.2% |
| PFE Pfizer Inc. | 0.63% | 6,951,579 | $184.4M | Reduce -4.5% |
| AAP Advance Auto Parts Inc. | 0.53% | 3,270,897 | $154.7M | Add +12.4% |
| ZTO Zto Express Cayman Inc.-ADR | 0.52% | 7,860,285 | $153.7M | Add +11.7% |
| JPM JPMorgan Chase & Co. | 0.50% | 616,767 | $147.8M | Reduce -30.3% |
| CRBG Corebridge Financial Inc. | 0.47% | 4,638,455 | $138.8M | Add +222.9% |
| CI The Cigna Group | 0.46% | 491,459 | $135.7M | Reduce -9.3% |
| MHK Mohawk Industries Inc. | 0.44% | 1,088,268 | $129.6M | Add +0.1% |
| OLN Olin Corp. | 0.43% | 3,709,611 | $125.4M | Add +7.4% |
| CNO Cno Financial Group Inc. | 0.40% | 3,179,386 | $118.3M | Reduce -30.6% |
| SPB Spectrum Brands Holdings Inc. | 0.38% | 1,333,345 | $112.7M | Add +1.7% |
| CSCO Cisco Systems Inc. | 0.37% | 1,857,059 | $109.9M | Reduce -16.7% |
| GL Globe Life Inc. | 0.36% | 960,216 | $107.1M | Reduce -4.8% |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 0.36% | 1,126,704 | $106.7M | Add +5.6% |
| CNXC Concentrix Corp. | 0.35% | 2,349,599 | $101.7M | Add +60.0% |
| MS Morgan Stanley | 0.32% | 748,984 | $94.2M | Reduce -0.2% |
| JELD Jeld-Wen Holding Inc. | 0.31% | 11,165,246 | $91.4M | Add +16.5% |
| WBS Webster Financial Corp. | 0.30% | 1,600,928 | $88.4M | Reduce -7.3% |
| HUN Huntsman Corp. | 0.29% | 4,695,678 | $84.7M | Add +320.2% |
| DRH Diamondrock Hospitality Co. | 0.26% | 8,600,791 | $77.7M | Reduce -6.0% |
| GS Goldman Sachs Group Inc. | 0.26% | 133,409 | $76.4M | Reduce -66.8% |
| MRC MRC Global Inc. | 0.25% | 5,825,650 | $74.5M | Add +0.9% |
| RHI Robert Half Inc. | 0.24% | 1,020,340 | $71.9M | Reduce -0.7% |
| ELV Elevance Health Inc. | 0.24% | 193,997 | $71.6M | Add +0.8% |
| GD General Dynamics Corp. | 0.24% | 270,775 | $71.3M | Add +0.1% |
| UHS Universal Health Services-B | 0.24% | 394,274 | $70.7M | Reduce -2.9% |
| HSIC Henry Schein Inc. | 0.23% | 983,313 | $68.0M | Reduce -0.3% |
| KFY Korn Ferry | 0.23% | 1,001,715 | $67.6M | Reduce -2.0% |
| XOM Exxon Mobil Corp. | 0.22% | 596,389 | $64.2M | Add +0.3% |
| SCS Steelcase Inc. Class A | 0.22% | 5,373,342 | $63.5M | Add +2.6% |
| ONB Old National Bancorp | 0.22% | 2,915,148 | $63.3M | Reduce -2.3% |
| WAB Wabtec Corp. | 0.21% | 332,745 | $63.1M | Add +0.1% |
| ADNT Adient PLC | 0.21% | 3,629,452 | $62.5M | Add +28.4% |
| REZI Resideo Technologies Inc. | 0.21% | 2,672,191 | $61.6M | Reduce -11.6% |
| MBUU Malibu Boats Inc. Class A | 0.19% | 1,523,353 | $57.3M | Reduce -2.1% |
| VREX Varex Imaging Corp. | 0.19% | 3,813,905 | $55.6M | Reduce -2.0% |
| OEC Orion SA | 0.18% | 3,312,290 | $52.3M | Reduce -9.2% |
| TRS Trimas Corp. | 0.18% | 2,120,612 | $52.1M | Reduce -1.0% |
| CBRE CBRE Group Inc. Class A | 0.18% | 395,439 | $51.9M | Reduce -0.0% |
| UVV Universal Corp. | 0.17% | 915,380 | $50.2M | Reduce -1.4% |
| G Genpact Ltd. | 0.17% | 1,163,859 | $50.0M | Reduce 0.0% |
| GCO Genesco Inc. | 0.15% | 1,047,673 | $44.8M | Reduce -14.0% |
| RF Regions Financial Corp. | 0.15% | 1,899,232 | $44.7M | No change |
| BFH Bread Financial Holdings Inc. | 0.15% | 722,139 | $44.1M | Reduce -18.0% |
| ABM Abm Industries Inc. | 0.15% | 850,914 | $43.5M | Add +22.5% |
| ASB Associated Banc-Corp. | 0.15% | 1,798,807 | $43.0M | Reduce -26.9% |
| HELE Helen of Troy Ltd. | 0.14% | 705,711 | $42.2M | Add +21.4% |
| HAL Halliburton Co. | 0.14% | 1,547,656 | $42.1M | Add +0.4% |
| WSFS WSFS Financial Corp. | 0.14% | 790,584 | $42.0M | Reduce -3.2% |
| MBC Masterbrand Inc. | 0.14% | 2,847,885 | $41.6M | Add +0.3% |
| FITB Fifth Third Bancorp | 0.14% | 982,110 | $41.5M | Reduce -15.6% |
| WCC Wesco International Inc. | 0.14% | 228,819 | $41.4M | No change |
| PLOW Douglas Dynamics Inc. | 0.14% | 1,679,041 | $39.7M | Add +3.3% |
| USNA Usana Health Sciences Inc. | 0.13% | 1,087,076 | $39.0M | Add +3.6% |
| AMWD American Woodmark Corp. | 0.13% | 489,517 | $38.9M | Add +1.2% |
| COLB Columbia Banking System Inc. | 0.13% | 1,429,054 | $38.6M | Reduce -35.8% |
| MCK McKesson Corp. | 0.13% | 67,079 | $38.2M | No change |
| HR Healthcare Realty Trust Inc. | 0.13% | 2,225,789 | $37.7M | Add +0.0% |
| SHYF The Shyft Group Inc. | 0.12% | 3,054,738 | $35.9M | Reduce -1.4% |
| DAN Dana Inc. | 0.12% | 3,098,537 | $35.8M | Reduce -10.2% |
| SHG Shinhan Financial Group-ADR | 0.12% | 1,074,051 | $35.3M | Add +0.1% |
| SNV Synovus Financial Corp. | 0.12% | 682,112 | $34.9M | Reduce -4.1% |
| AIG American International Group | 0.12% | 475,820 | $34.6M | Add +0.1% |
| MSM MSC Industrial Direct Co. Class A | 0.12% | 461,931 | $34.5M | No change |
| UVSP Univest Financial Corp. | 0.12% | 1,149,117 | $33.9M | Reduce -3.4% |
| JNJ Johnson & Johnson | 0.11% | 228,980 | $33.1M | Reduce -0.2% |
Portfolio Sells Q3 2024 → Q4 2024
| EIX Edison International | Reduce -42.0% | 1.46% | −1.14 |
| EQH Equitable Holdings Inc. | Reduce -50.1% | 1.31% | −0.91 |
| DOW Dow Inc. | Reduce -0.8% | 2.57% | −0.77 |
| GS Goldman Sachs Group Inc. | Reduce -66.8% | 0.26% | −0.38 |
| MDT Medtronic PLC | Reduce -4.3% | 2.23% | −0.26 |
| LEA Lear Corp. | Reduce -0.5% | 2.47% | −0.24 |
| NOV Nov Inc. | Reduce -3.6% | 2.06% | −0.16 |
| AVT Avnet Inc. | Reduce -12.2% | 1.29% | −0.15 |
| LDOS Leidos Holdings Inc. | Reduce -55.5% | 0.11% | −0.15 |
| CI The Cigna Group | Reduce -9.3% | 0.46% | −0.14 |
| CNO Cno Financial Group Inc. | Reduce -30.6% | 0.40% | −0.12 |
| MET Metlife Inc. | Reduce -8.6% | 2.45% | −0.11 |
| VOYA Voya Financial Inc. | Reduce -3.1% | 0.84% | −0.10 |
| JPM JPMorgan Chase & Co. | Reduce -30.3% | 0.50% | −0.10 |
| GAP The Gap Inc. | Sold out | 0.00% | −0.10 |
| GIL Gildan Activewear Inc. | Sold out | 0.00% | −0.10 |
| TEL Te Connectivity PLC | Reduce -6.6% | 1.19% | −0.09 |
| AXS Axis Capital Holdings Ltd. | Reduce -62.0% | 0.07% | −0.08 |
| DIS The Walt Disney Co. | Reduce -97.6% | 0.00% | −0.08 |
| FNF Fidelity National Financial | Reduce -54.8% | 0.05% | −0.07 |
| TSN Tyson Foods Inc. Class A | Reduce -4.4% | 2.34% | −0.06 |
| UHS Universal Health Services-B | Reduce -2.9% | 0.24% | −0.06 |
| CHRW C.H. Robinson Worldwide Inc. | Reduce -34.3% | 0.11% | −0.06 |
| ABEV Ambev SA-ADR | Reduce -24.6% | 0.09% | −0.06 |
| COLB Columbia Banking System Inc. | Reduce -35.8% | 0.13% | −0.06 |
| PFE Pfizer Inc. | Reduce -4.5% | 0.63% | −0.05 |
| SSNC Ss&c Technologies Holdings | Reduce -8.7% | 2.98% | −0.05 |
| ETR Entergy Corp. | Reduce -98.4% | 0.00% | −0.05 |
| OEC Orion SA | Reduce -9.2% | 0.18% | −0.03 |
| BDC Belden Inc. | Reduce -95.0% | 0.00% | −0.03 |
| ASB Associated Banc-Corp. | Reduce -26.9% | 0.15% | −0.02 |
| SHEL Shell PLC-ADR | Reduce -3.3% | 0.76% | −0.02 |
| BIDU Baidu Inc. - Spon ADR | Reduce -3.1% | 0.09% | −0.02 |
| FITB Fifth Third Bancorp | Reduce -15.6% | 0.14% | −0.02 |
| TILE Interface Inc. | Reduce -96.5% | 0.00% | −0.02 |
| KFY Korn Ferry | Reduce -2.0% | 0.23% | −0.02 |
| NOK Nokia Corp.-Spon ADR | Reduce -7.7% | 1.26% | −0.02 |
| SCSC Scansource Inc. | Reduce -21.3% | 0.07% | −0.01 |
| PAHC Phibro Animal Health Corp. Class A | Reduce -10.8% | 0.09% | −0.01 |
| CSCO Cisco Systems Inc. | Reduce -16.7% | 0.37% | −0.01 |
| BAC Bank of America Corp. | Reduce -14.7% | 2.48% | −0.01 |
| CTSH Cognizant Tech Solutions-A | Reduce -5.1% | 4.62% | −0.01 |
| JNJ Johnson & Johnson | Reduce -0.2% | 0.11% | −0.01 |
| BABA Alibaba Group Holding-SP ADR | Reduce -16.7% | 0.02% | −0.01 |
| AXTA Axalta Coating Systems Ltd. | Sold out | 0.00% | −0.00 |
| SHYF The Shyft Group Inc. | Reduce -1.4% | 0.12% | −0.00 |
| ITRN Ituran Location and Control | Sold out | 0.00% | −0.00 |
| RGA Reinsurance Group of America | Sold out | 0.00% | −0.00 |
| DOCU Docusign Inc. | Sold out | 0.00% | −0.00 |
| HLI Houlihan Lokey Inc. | Sold out | 0.00% | −0.00 |
Portfolio Buys Q3 2024 → Q4 2024
| GPN Global Payments Inc. | Add +25.0% | 3.16% | +0.97 |
| MGA Magna International Inc. | Add +2.6% | 5.52% | +0.81 |
| HUM Humana Inc. | Add +44.0% | 3.12% | +0.56 |
| SWKS Skyworks Solutions Inc. | Add +37.5% | 1.70% | +0.40 |
| CRBG Corebridge Financial Inc. | Add +222.9% | 0.47% | +0.34 |
| CVS CVS Health Corp. | Add +49.3% | 3.00% | +0.33 |
| DG Dollar General Corp. | Add +14.9% | 3.04% | +0.24 |
| HUN Huntsman Corp. | Add +320.2% | 0.29% | +0.20 |
| AAP Advance Auto Parts Inc. | Add +12.4% | 0.53% | +0.16 |
| DOX Amdocs Ltd. | Add +4.3% | 1.92% | +0.13 |
| CNXC Concentrix Corp. | Add +60.0% | 0.35% | +0.10 |
| BAP Credicorp Ltd. | Add +5.2% | 0.67% | +0.07 |
| TPR Tapestry Inc. | New | 0.06% | +0.06 |
| NVST Envista Holdings Corp. | New | 0.06% | +0.06 |
| HDB HDFC Bank Ltd.-ADR | Add +64.0% | 0.11% | +0.05 |
| ABM Abm Industries Inc. | Add +22.5% | 0.15% | +0.03 |
| HELE Helen of Troy Ltd. | Add +21.4% | 0.14% | +0.03 |
| WAB Wabtec Corp. | Add +0.1% | 0.21% | +0.02 |
| MRC MRC Global Inc. | Add +0.9% | 0.25% | +0.02 |
| KOP Koppers Holdings Inc. | Add +18.0% | 0.10% | +0.01 |
| HVT Haverty Furniture | Add +33.7% | 0.07% | +0.01 |
| TBI Trueblue Inc. | Add +0.3% | 0.08% | +0.01 |
| ADNT Adient PLC | Add +28.4% | 0.21% | +0.01 |
| AIG American International Group | Add +0.1% | 0.12% | +0.01 |
| USNA Usana Health Sciences Inc. | Add +3.6% | 0.13% | +0.00 |
| DLTR Dollar Tree Inc. | New | 0.00% | +0.00 |
| ABBV Abbvie Inc. | New | 0.00% | +0.00 |
| MRK Merck & Co. Inc. | New | 0.00% | +0.00 |
| COR Cencora Inc. | New | 0.00% | +0.00 |
| AMGN Amgen Inc. | New | 0.00% | +0.00 |
| HSBC HSBC Holdings PLC-Spons ADR | Add +11.0% | 0.00% | +0.00 |
| BCS Barclays PLC-Spons ADR | Add +1.1% | 0.00% | +0.00 |
| PBR.A Petroleo Brasil-SP Pref ADR | Add +14.7% | 0.01% | +0.00 |
| GILD Gilead Sciences Inc. | Add +22.8% | 0.00% | +0.00 |
| SMFG Sumitomo Mitsui-Spons ADR | Add +5.4% | 0.00% | +0.00 |
| MT Arcelormittal-NY Registered | Add +8.6% | 0.00% | 0.00 |
| ING ING Groep N.V.-Sponsored ADR | Add +9.2% | 0.00% | 0.00 |
| PHG Koninklijke Philips NVR- NY | Add +5.2% | 0.00% | −0.00 |
| VALE Vale SA-SP ADR | Add +12.8% | 0.01% | −0.00 |
| HAL Halliburton Co. | Add +0.4% | 0.14% | −0.00 |
| KSPI JSC Kaspi.kz ADR | Add +5.6% | 0.36% | −0.00 |
| HR Healthcare Realty Trust Inc. | Add +0.0% | 0.13% | −0.00 |
| XOM Exxon Mobil Corp. | Add +0.3% | 0.22% | −0.01 |
| PLOW Douglas Dynamics Inc. | Add +3.3% | 0.14% | −0.01 |
| HOFT Hooker Furnishings Corp. | Add +3.8% | 0.06% | −0.01 |
| SCS Steelcase Inc. Class A | Add +2.6% | 0.22% | −0.01 |
| AMWD American Woodmark Corp. | Add +1.2% | 0.13% | −0.01 |
| SPB Spectrum Brands Holdings Inc. | Add +1.7% | 0.38% | −0.02 |
| GD General Dynamics Corp. | Add +0.1% | 0.24% | −0.02 |
| SHG Shinhan Financial Group-ADR | Add +0.1% | 0.12% | −0.03 |
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 |