PZENA INVESTMENT MANAGEMENT LLC
CIK 1027796 · View on SEC EDGAR ↗
- Portfolio value
- $8.9B
- Positions
- 161
- As of
- June 30, 2026
#534 of 9,443 by 13F value · top 5.7%
Portfolio value QoQ: +6.1% 13F does not disclose cash
- Top 10 holdings weight
- 35.58%
- Top 25 holdings weight
- 58.09%
- Positions above 1%
- 27
- Effective number of positions
- 47.6
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 14.29% Est. buys $1,236,394,830 · sells $1,694,690,121
Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 75.6% still held
- New positions
- 12
- Increased
- 63
- Decreased
- 68
- Closed
- 9
On this page
- Performance vs S&P How this manager's 13F portfolio performed against the S&P 500.
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
- Related The person behind this filer, where we can match one.
Performance vs S&P 500
Annualized: +14.7% · S&P 500: +18.0%
Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.
Priceable coverage: 97.8% · Options excluded: 0.0%
Sector breakdown
Industrials
27.6%
Financials
16.5%
Health Care
10.7%
Consumer Discretionary
8.6%
Financial Services
5.2%
Consumer products
4.8%
Retail
4.7%
Consumer Staples
3.7%
Real Estate
3.6%
Energy
2.6%
Materials
2.6%
Communications
2.4%
Logistics & Transportation
1.8%
Technology
1.8%
Communication Services
1.7%
Telecommunication
1.4%
Packaging
0.3%
Utilities
0.0%
Full portfolio 161 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| SSNC SS&C Technologies Holdings, Inc. - Common Stock | $684,819,044 | 7.69% | 11,036,568 | $29,440,046 | Up ×1 | ||
| LKQ LKQ Corporation - Common Stock | $398,696,364 | 4.48% | 15,142,285 | $215,636,091 | Up ×5 | ||
| BAP Credicorp Ltd. Common Stock | $325,910,551 | 3.66% | 836,569 | $16,558,040 | Down ×2 | ||
| UHS Universal Health Services, Inc. Common Stock | $292,819,232 | 3.29% | 1,969,327 | $-49,413,466 | Up ×1 | ||
| AVT Avnet, Inc. - Common Stock | $277,153,484 | 3.11% | 3,120,395 | $-73,601,729 | Down ×4 | ||
| AAP Advance Auto Parts Inc. | $273,114,752 | 3.07% | 4,389,501 | $46,232,307 | Up ×2 | ||
| KSPI Joint Stock Company Kaspi.kz - American Depository Shares | $266,148,376 | 2.99% | 3,071,888 | $68,204,671 | Up ×1 | ||
| GL Globe Life Inc. Common Stock | $242,256,309 | 2.72% | 1,355,811 | $99,433,653 | Up ×2 | ||
| SPB Spectrum Brands Holdings, Inc. Common Stock | $207,584,286 | 2.33% | 2,420,808 | $35,242,511 | Up ×1 | ||
| MICC The Magnum Ice Cream Company N.V. Ordinary Shares | $201,109,348 | 2.26% | 13,199,616 | $111,679,411 | Up ×1 | ||
| RHI Robert Half Inc. Common Stock | $191,024,764 | 2.14% | 6,222,305 | $39,469,720 | Up ×6 | ||
| ZTO ZTO Express (Cayman) Inc. American Depositary Shares, each representing one Class A ordinary share. | $163,873,768 | 1.84% | 7,322,331 | $-23,917,865 | Down ×3 | ||
| MBC MasterBrand, Inc. Common Stock | $157,740,380 | 1.77% | 15,329,483 | $126,045,924 | Up ×2 | ||
| CI The Cigna Group Common Stock | $154,942,084 | 1.74% | 562,036 | $641,080 | Down ×1 | ||
| CSCO Cisco Systems, Inc. - Common Stock | $150,504,904 | 1.69% | 1,281,329 | $48,959,767 | Down ×6 | ||
| MHK Mohawk Industries, Inc. Common Stock | $138,660,899 | 1.56% | 1,142,841 | $25,154,833 | Down ×2 | ||
| HAL Halliburton Company Common Stock | $133,277,583 | 1.50% | 3,925,702 | $-25,296,346 | Down ×3 | ||
| BEKE KE Holdings Inc American Depositary Shares (each representing three Class A Ordinary Shares) | $128,992,153 | 1.45% | 8,877,643 | Up ×1 | |||
| KT KT Corporation Common Stock | $125,910,720 | 1.41% | 7,286,500 | $-28,004,763 | Up ×1 | ||
| CNO CNO Financial Group, Inc. Common Stock | $124,476,082 | 1.40% | 2,441,665 | $23,020,066 | Down ×1 | ||
| TEL TE Connectivity plc Ordinary Shares | $112,021,976 | 1.26% | 555,637 | $108,035,547 | Up ×1 | ||
| GLOB Globant S.A. Common Shares | $111,700,239 | 1.25% | 3,859,718 | $-25,192,420 | Up ×1 | ||
| JPM JP Morgan Chase & Co. Common Stock | $109,358,989 | 1.23% | 334,094 | $10,149,999 | Down ×2 | ||
| ST Sensata Technologies Holding plc Ordinary Shares | $107,506,040 | 1.21% | 2,251,907 | $-15,139,369 | Down ×2 | ||
| MS Morgan Stanley Common Stock | $95,007,008 | 1.07% | 454,492 | $16,611,620 | Down ×1 | ||
| G Genpact Limited Common Stock | $91,287,515 | 1.02% | 3,319,546 | $64,018,503 | Up ×1 | ||
| FITB Fifth Third Bancorp - Common Stock | $89,332,752 | 1.00% | 1,584,757 | $13,332,694 | Down ×1 | ||
| ARCO Arcos Dorados Holdings Inc. Class A Shares | $87,083,125 | 0.98% | 10,804,358 | $-1,531,495 | Up ×2 | ||
| ELV Elevance Health, Inc. Common Stock | $86,849,890 | 0.97% | 224,575 | $22,393,366 | Up ×2 | ||
| DIS Walt Disney Company (The) Common Stock | $85,036,394 | 0.95% | 883,495 | $76,341,087 | Up ×1 | ||
| STZ Constellation Brands, Inc. Common Stock | $83,358,584 | 0.94% | 599,314 | $-6,010,666 | Up ×2 | ||
| XOM Exxon Mobil Corporation Common Stock | $80,589,467 | 0.90% | 589,449 | $-24,115,184 | Down ×3 | ||
| ABM ABM Industries Incorporated Common Stock | $79,994,901 | 0.90% | 1,808,203 | $21,331,406 | Up ×5 | ||
| OLN Olin Corporation Common Stock | $77,103,843 | 0.87% | 3,890,204 | $-54,648,011 | Down ×2 | ||
| CNXC Concentrix Corporation - Common Stock | $76,487,959 | 0.86% | 3,413,879 | $-4,038,321 | Up ×3 | ||
| TFX Teleflex Incorporated Common Stock | $76,462,393 | 0.86% | 603,206 | $-7,159,948 | Down ×1 | ||
| PLOW Douglas Dynamics, Inc. Common Stock | $74,703,486 | 0.84% | 1,384,680 | $7,648,518 | Down ×4 | ||
| ONB Old National Bancorp - Common Stock | $73,646,572 | 0.83% | 2,843,497 | $14,117,084 | Up ×2 | ||
| HSIC Henry Schein, Inc. - Common Stock | $71,888,420 | 0.81% | 860,733 | $6,469,426 | Down ×3 | ||
| GPC Genuine Parts Company Common Stock | $69,840,621 | 0.78% | 591,970 | $9,130,815 | Up ×1 | ||
| ADNT Adient plc Ordinary Shares | $69,311,458 | 0.78% | 3,771,026 | $-4,157,894 | Up ×1 | ||
| COLB Columbia Banking System, Inc. - Common Stock | $68,244,770 | 0.77% | 2,129,322 | $12,473,573 | Up ×2 | ||
| WSFS WSFS Financial Corporation - Common Stock | $68,174,298 | 0.77% | 888,496 | $10,661,928 | Up ×2 | ||
| MMI Marcus & Millichap, Inc. Common Stock | $66,735,001 | 0.75% | 2,141,001 | $13,215,633 | Up ×2 | ||
| NOK Nokia Corporation Sponsored American Depositary Shares | $66,544,834 | 0.75% | 5,010,906 | $-443,396,327 | Down ×2 | ||
| OSK Oshkosh Corporation (Holding Company)Common Stock | $63,811,766 | 0.72% | 415,766 | $-792,226 | Down ×4 | ||
| MLKN MillerKnoll, Inc. - Common Stock | $62,049,042 | 0.70% | 3,032,700 | $33,190,685 | Up ×1 | ||
| ASB Associated Banc-Corp Common Stock | $61,239,777 | 0.69% | 1,990,243 | $11,511,462 | Up ×2 | ||
| GOOGL Alphabet Inc. - Class A Common Stock | $61,166,377 | 0.69% | 171,157 | $11,948,470 | |||
| SCSC ScanSource, Inc. - Common Stock | $57,806,513 | 0.65% | 1,109,743 | $24,655,937 | Up ×2 | ||
| KFY Korn Ferry Common Stock | $57,770,134 | 0.65% | 867,680 | $7,571,412 | Up ×2 | ||
| RF Regions Financial Corporation Common Stock | $55,562,715 | 0.62% | 1,839,825 | $7,506,486 | |||
| HUN Huntsman Corporation Common Stock | $54,816,957 | 0.62% | 5,161,672 | $-22,598,781 | Down ×1 | ||
| AEBI Aebi Schmidt Holding AG - Common Stock | $54,207,679 | 0.61% | 4,319,337 | $14,291,325 | Up ×1 | ||
| WGO Winnebago Industries, Inc. Common Stock | $53,405,748 | 0.60% | 1,709,531 | $22,623,567 | Up ×2 | ||
| REZI Resideo Technologies, Inc. Common Stock | $52,458,392 | 0.59% | 1,686,765 | $6,038,711 | Up ×2 | ||
| MBUU Malibu Boats, Inc. - Common Stock | $49,216,579 | 0.55% | 1,794,261 | $5,218,494 | Up ×1 | ||
| TGT Target Corporation Common Stock | $48,783,227 | 0.55% | 373,503 | $3,530,177 | Up ×1 | ||
| KOP Koppers Holdings Inc. Common Stock | $47,651,697 | 0.53% | 1,061,285 | $873,033 | Down ×1 | ||
| VREX Varex Imaging Corporation - Common Stock | $45,311,894 | 0.51% | 4,344,381 | $2,953,803 | Up ×2 | ||
| HR Healthcare Realty Trust Incorporated Common Stock | $44,886,923 | 0.50% | 2,225,430 | $7,076,867 | |||
| MSM MSC Industrial Direct Company, Inc. Common Stock | $44,447,333 | 0.50% | 373,664 | $3,423,168 | Down ×2 | ||
| SHG Shinhan Financial Group Co Ltd American Depositary Shares | $42,344,224 | 0.48% | 669,474 | $-6,516 | Down ×5 | ||
| HDB HDFC Bank Limited Common Stock | $41,676,085 | 0.47% | 1,613,476 | $3,870,900 | Up ×2 | ||
| CBRE CBRE Group Inc Common Stock Class A | $41,185,643 | 0.46% | 305,781 | $294,197 | Up ×4 | ||
| HVT Haverty Furniture Companies, Inc. Common Stock | $39,914,904 | 0.45% | 1,563,451 | $8,988,969 | Up ×2 | ||
| GD General Dynamics Corporation Common Stock | $38,461,254 | 0.43% | 108,574 | $1,576,430 | Up ×1 | ||
| HCA HCA Healthcare, Inc. Common Stock | $37,662,594 | 0.42% | 96,598 | $-6,945,482 | Up ×1 | ||
| DNOW DNOW Inc. Common Stock | $37,528,462 | 0.42% | 2,893,482 | $663,260 | Down ×2 | ||
| GCO Genesco Inc. Common Stock | $37,103,842 | 0.42% | 1,098,722 | $5,777,770 | Up ×1 | ||
| KEY KeyCorp Common Stock | $36,811,288 | 0.41% | 1,597,019 | $3,550,243 | Down ×1 | ||
| UVSP Univest Financial Corporation - Common Stock | $36,514,975 | 0.41% | 834,628 | $7,653,494 | Down ×3 | ||
| BFH Bread Financial Holdings, Inc. Common Stock | $35,478,991 | 0.40% | 327,448 | $-10,478,980 | Down ×4 | ||
| DRH Diamondrock Hospitality Company - Common Stock | $34,464,041 | 0.39% | 2,829,560 | $7,904,036 | Down ×4 | ||
| AIG American International Group, Inc. New Common Stock | $34,031,814 | 0.38% | 456,619 | $188,202 | Up ×2 | ||
| SOLV Solventum Corporation Common Stock | $32,230,956 | 0.36% | 417,770 | $3,504,311 | Down ×1 | ||
| OEC Orion S.A. Common Shares | $31,638,154 | 0.36% | 4,771,969 | $1,738,758 | Up ×2 | ||
| NVST Envista Holdings Corporation Common Stock | $30,494,144 | 0.34% | 1,157,273 | $-10,204,309 | Down ×4 | ||
| HUM Humana Inc. Common Stock | $29,282,264 | 0.33% | 73,718 | $13,210,225 | Down ×1 | ||
| MYE Myers Industries, Inc. Common Stock | $27,577,604 | 0.31% | 781,014 | $370,094 | Down ×2 | ||
| HOFT Hooker Furnishings Corporation - Common Stock | $27,504,968 | 0.31% | 1,542,623 | $9,746,990 | Up ×1 | ||
| ARW Arrow Electronics, Inc. Common Stock | $26,712,103 | 0.30% | 125,168 | $-3,554,291 | Down ×2 | ||
| USNA USANA Health Sciences, Inc. Common Stock | $25,739,282 | 0.29% | 1,205,587 | $6,366,222 | Up ×1 | ||
| LDOS Leidos Holdings, Inc. Common Stock | $25,521,012 | 0.29% | 247,849 | $-13,038,150 | Down ×1 | ||
| WCC WESCO International, Inc. Common Stock | $24,696,172 | 0.28% | 71,494 | $-6,381,861 | Down ×4 | ||
| BAX Baxter International Inc. Common Stock | $22,010,875 | 0.25% | 1,032,405 | $3,818,793 | Down ×1 | ||
| TBI TrueBlue, Inc. Common Stock | $21,542,932 | 0.24% | 3,090,808 | $10,314,859 | Up ×2 | ||
| MGA Magna International, Inc. Common Stock | $20,837,082 | 0.23% | 223,430 | $1,761,546 | Down ×2 | ||
| HELE Helen of Troy Limited - Common Stock | $19,668,093 | 0.22% | 676,577 | $8,691,978 | Down ×3 | ||
| CVS CVS Health Corporation Common Stock | $19,329,426 | 0.22% | 186,848 | $-337,332 | Down ×2 | ||
| UVV Universal Corporation Common Stock | $18,962,595 | 0.21% | 363,477 | $1,598,577 | Up ×2 | ||
| FMS Fresenius Medical Care AG American Depositary Shares (Each representing 1/2 of an Ordinary Share) | $16,708,066 | 0.19% | 738,968 | $36,948 | |||
| SWKS Skyworks Solutions, Inc. - Common Stock | $15,753,737 | 0.18% | 232,356 | $2,006,327 | Down ×1 | ||
| DG Dollar General Corporation Common Stock | $14,949,796 | 0.17% | 129,874 | $3,202,650 | Up ×1 | ||
| CRBG Corebridge Financial Inc. Common Stock | $14,852,442 | 0.17% | 518,772 | $2,677,901 | Up ×2 | ||
| WFC Wells Fargo & Company Common Stock | $14,593,232 | 0.16% | 176,588 | $535,061 | |||
| MET MetLife, Inc. Common Stock | $14,199,589 | 0.16% | 167,824 | $514,420 | Down ×1 | ||
| CDW CDW Corporation - Common Stock | $14,108,583 | 0.16% | 100,317 | $9,525,798 | Up ×1 | ||
| COF Capital One Financial Corporation Common Stock | $14,030,360 | 0.16% | 69,935 | $1,272,118 | |||
| PPG PPG Industries, Inc. Common Stock | $13,679,935 | 0.15% | 112,787 | $-57,351 | Down ×1 | ||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| LKQ | $398,696,364 | 4.48% | up ×5 |
| RHI | $191,024,764 | 2.14% | up ×6 |
| ABM | $79,994,901 | 0.90% | up ×5 |
| CNXC | $76,487,959 | 0.86% | up ×3 |
| CBRE | $41,185,643 | 0.46% | up ×4 |
| ING | $2,977,858 | 0.03% | up ×5 |
| PHG | $1,311,725 | 0.01% | up ×6 |
| GSK | $1,284,635 | 0.01% | up ×4 |
| SNY | $1,079,391 | 0.01% | up ×5 |
| SMFG | $880,055 | 0.01% | up ×6 |
| ADBE | $224,292 | 0.00% | up ×4 |
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| BEKE | $128,992,153 | 8,877,643 | 1.45% |
| WDAY | $7,253,630 | 59,252 | 0.08% |
| SAP | $1,010,037 | 6,554 | 0.01% |
| ZBRA | $357,770 | 1,359 | 0.00% |
| TOST | $304,490 | 10,945 | 0.00% |
| ORCL | $304,238 | 2,076 | 0.00% |
| NVDA | $289,130 | 1,445 | 0.00% |
| QRVO | $284,007 | 3,045 | 0.00% |
| EXPE | $271,233 | 1,060 | 0.00% |
| CRM | $235,303 | 1,502 | 0.00% |
| GEV | $216,174 | 184 | 0.00% |
| STT | $208,778 | 1,231 | 0.00% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| LKQ | Bought more | +8.9M | +$215.6M |
| MBC | Bought more | +11.5M | +$126.0M |
| MICC | Bought more | +6.2M | +$111.7M |
| GL | Bought more | +330K | +$99.4M |
| AVT | Trimmed | -2.6M | -$73.6M |
| KSPI | Bought more | +400K | +$68.2M |
| G | Bought more | +2.6M | +$64.0M |
| OLN | Trimmed | -541K | -$54.6M |
| UHS | Bought more | +57K | -$49.4M |
| CSCO | Trimmed | -27K | +$49.0M |
4 positions hidden (data completeness check)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| EIX | March 31, 2025 | 5,374,322 | $429,085,868 | 25.3% |
| WAB | June 30, 2026 | 367,753 | $91,905,152 | 9.5% |
| MRC | Dec. 31, 2025 | 5,145,005 | $74,190,972 | No longer tracked |
| AMWD | June 30, 2026 | 1,643,562 | $65,463,074 | No longer tracked |
| JELD | June 30, 2025 | 10,311,305 | $61,558,491 | -46.0% |
| WNS | Dec. 31, 2025 | 659,313 | $50,285,803 | No longer tracked |
| JNJ | June 30, 2026 | 203,965 | $49,857,205 | 5.2% |
| SHYF | Sept. 30, 2025 | 3,579,364 | $44,885,225 | No longer tracked |
| MCK | March 31, 2025 | 67,079 | $38,228,993 | 27.3% |
| SNV | Sept. 30, 2025 | 680,368 | $35,209,044 | No longer tracked |
| CMA | March 31, 2026 | 374,001 | $32,511,907 | No longer tracked |
| CHTR | March 31, 2026 | 118,715 | $24,781,756 | -31.8% |
| AXS | March 31, 2025 | 225,236 | $19,960,414 | -1.3% |
| TPR | March 31, 2025 | 286,799 | $18,736,579 | 85.6% |
| IVZ | March 31, 2025 | 886,851 | $15,502,155 | 112.2% |
| PAHC | June 30, 2025 | 723,830 | $15,461,009 | 39.2% |
| FNF | Dec. 31, 2025 | 223,286 | $13,506,570 | -12.8% |
| GS | March 31, 2026 | 12,225 | $10,745,775 | 21.1% |
| FMC | March 31, 2026 | 572,048 | $7,934,306 | -36.4% |
| SCS | Dec. 31, 2025 | 391,559 | $6,734,815 | No longer tracked |
| CHRW | Dec. 31, 2025 | 16,380 | $2,168,712 | -10.0% |
| SSL | March 31, 2025 | 352,561 | $1,607,678 | 194.1% |
| DLTR | March 31, 2025 | 6,939 | $520,009 | 73.5% |
| BDC | March 31, 2025 | 4,378 | $493,007 | 25.0% |
| TRS | June 30, 2026 | 9,923 | $356,633 | -14.1% |
| NWG | Sept. 30, 2025 | 24,210 | $342,574 | 31.3% |
| IBN | Sept. 30, 2025 | 9,977 | $335,626 | -1.2% |
| CRUS | June 30, 2026 | 2,114 | $305,727 | -21.5% |
| AMAT | Dec. 31, 2025 | 1,473 | $301,582 | 92.3% |
| HOLX | June 30, 2026 | 3,964 | $299,639 | No longer tracked |
| GILD | June 30, 2025 | 2,662 | $298,277 | 30.6% |
| ABBV | March 31, 2025 | 1,670 | $296,759 | 25.9% |
| LPLA | March 31, 2025 | 900 | $293,859 | 9.6% |
| CINF | March 31, 2026 | 1,792 | $292,669 | 7.9% |
| DBX | March 31, 2025 | 9,718 | $291,929 | 25.9% |
| MRK | March 31, 2025 | 2,898 | $288,293 | 69.0% |
| HIG | June 30, 2026 | 2,127 | $287,634 | 4.0% |
| ADM | March 31, 2026 | 4,842 | $278,367 | 13.6% |
| INTC | March 31, 2026 | 7,515 | $277,304 | 108.3% |
| ETR | March 31, 2025 | 3,615 | $274,089 | 25.1% |
| COR | June 30, 2025 | 980 | $272,528 | 5.7% |
| CALM | Dec. 31, 2025 | 2,860 | $269,126 | 4.4% |
| TILE | March 31, 2025 | 11,049 | $269,043 | 98.0% |
| EBAY | June 30, 2025 | 3,860 | $261,438 | 39.7% |
| DFS | June 30, 2025 | 1,459 | $249,051 | No longer tracked |
| ULTA | Sept. 30, 2025 | 525 | $245,606 | -5.2% |
| INTU | June 30, 2026 | 560 | $242,133 | 38.2% |
| DELL | Dec. 31, 2025 | 1,685 | $238,882 | 248.9% |
| ULTA | March 31, 2025 | 525 | $228,338 | 41.4% |
| TPG | March 31, 2026 | 3,386 | $216,162 | 30.2% |
| ALKS | Sept. 30, 2025 | 7,439 | $212,830 | 60.2% |
| AMGN | March 31, 2025 | 803 | $209,294 | 40.0% |
| QRVO | March 31, 2025 | 2,977 | $208,182 | 33.0% |
| TMUS | June 30, 2026 | 975 | $204,779 | 9.1% |
| DAN | Dec. 31, 2025 | 10,094 | $202,284 | 33.2% |