Pzena Investment Management Portfolio
Pzena Investment Management 13F filer (CIK 0001027796).
Q2 2026 · 161 positions · Total reported value $34.07B · Top-10 concentration 37.6%
Turnover: 50.6% · 12 new · 65 cut · 9 exited
Active Share (vs S&P 500): 94.4% · vs QQQ: 99.2% — share of the book that differs from index weights (higher = more active) · ranking
In its Q2 2026 13F filing, Pzena Investment Management disclosed 161 equity positions with a combined reported value of $34.07B. The filing implies a moderately concentrated portfolio: its ten largest positions account for 37.6% of reported value. HoldingsHub classifies the profile as Large / High Turnover.
The largest disclosed positions as of Q2 2026 were MGA ($2.23B), HUM ($1.75B), BAX ($1.39B). By sector, the heaviest allocations are Consumer Discretionary 29.6%, Financials 23.2%. Versus the prior quarter, allocation shifted toward Consumer Discretionary (+3.4pp), Health Care (+1.2pp) and away from Energy (-0.6pp), Industrials (-2.2pp).
Versus the prior quarter, Pzena Investment Management opened 12 new positions, trimmed 65 and fully exited 9, a turnover rate of 50.6% of positions. The portfolio's overlap with the prior quarter was 88% of names.
Figures come from the fund's SEC Form 13F filing. 13F reports are filed within 45 days of quarter end and cover long positions of $100,000 or more; they exclude short positions and non-13F asset classes, so treat this page as a quarter-end snapshot rather than the fund's live book.
Sector Allocation
| # | Symbol | Company | Shares | Value | Weight | Change |
|---|---|---|---|---|---|---|
| 1 | MGA | MAGNA INTL INC | 23.88M | $2.23B | 6.54% | Reduce |
| 2 | HUM | HUMANA INC | 4.40M | $1.75B | 5.13% | Reduce |
| 3 | BAX | BAXTER INTL INC | 65.30M | $1.39B | 4.09% | Add |
| 4 | CVS | CVS HEALTH CORP | 11.77M | $1.22B | 3.57% | Reduce |
| 5 | DG | DOLLAR GEN CORP | 10.22M | $1.18B | 3.45% | Add |
| 6 | SWKS | SKYWORKS SOLUTIONS INC | 15.97M | $1.08B | 3.18% | Reduce |
| 7 | CTSH | COGNIZANT TECHNOLOGY SOLUTIO | 26.53M | $1.03B | 3.02% | Add |
| 8 | BMY | BRISTOL-MYERS SQUIBB CO | 17.01M | $979.95M | 2.88% | Reduce |
| 9 | TSN | TYSON FOODS INC | 17.02M | $974.20M | 2.86% | Reduce |
| 10 | CRBG | COREBRIDGE FINL INC | 33.79M | $967.40M | 2.84% | Add |
| 11 | PPG | PPG INDS INC | 7.81M | $946.96M | 2.78% | Add |
| 12 | MET | METLIFE INC | 11.13M | $941.79M | 2.77% | Reduce |
| 13 | COF | CAPITAL ONE FINL CORP | 4.59M | $921.63M | 2.71% | Hold |
| 14 | UBS | UBS GROUP AG | 22.60M | $905.52M | 2.66% | Reduce |
| 15 | LEA | LEAR CORP | 6.64M | $889.95M | 2.61% | Reduce |
| 16 | GPN | GLOBAL PMTS INC | 11.69M | $848.34M | 2.49% | Add |
| 17 | C | CITIGROUP INC | 5.55M | $776.61M | 2.28% | Reduce |
| 18 | WFC | WELLS FARGO & CO | 8.83M | $729.50M | 2.14% | Add |
| 19 | DOX | AMDOCS LTD | 13.99M | $706.82M | 2.08% | Add |
| 20 | SSNC | SS&C TECH HLDGS | 11.04M | $684.82M | 2.01% | Add |
| 21 | NOV | NOV INC | 36.38M | $674.78M | 1.98% | Reduce |
| 22 | ACN | ACCENTURE PLC IRELAND | 5.14M | $639.89M | 1.88% | Add |
| 23 | PVH | PVH CORPORATION | 5.99M | $444.57M | 1.30% | Add |
| 24 | LKQ | LKQ CORP | 15.14M | $398.70M | 1.17% | Add |
| 25 | CDW | CDW CORP | 2.64M | $371.13M | 1.09% | Add |
| 26 | BAC | BANK OF AMER CORP | 6.31M | $359.56M | 1.05% | Reduce |
| 27 | DOW | DOW HLDGS INC | 12.51M | $342.19M | 1.00% | Reduce |
| 28 | FMS | FRESENIUS MEDICAL CARE AG | 14.99M | $338.97M | 0.99% | Hold |
| 29 | BAP | CREDICORP LTD | 836.57K | $325.91M | 0.96% | Reduce |
| 30 | VOYA | VOYA FINANCIAL INC | 3.53M | $319.54M | 0.94% | Reduce |
| 31 | NWL | NEWELL BRANDS INC | 47.99M | $294.66M | 0.86% | Hold |
| 32 | UHS | UNIVERSAL HLTH SVCS INC | 1.97M | $292.82M | 0.86% | Add |
| 33 | AVT | AVNET INC | 3.12M | $277.15M | 0.81% | Reduce |
| 34 | AAP | ADVANCE AUTO PARTS INC | 4.39M | $273.11M | 0.80% | Add |
| 35 | KSPI | KASPI KZ JSC | 3.07M | $266.15M | 0.78% | Add |
| 36 | MDT | MEDTRONIC PLC | 3.15M | $246.27M | 0.72% | Hold |
| 37 | DAL | DELTA AIR LINES INC | 2.62M | $245.27M | 0.72% | Reduce |
| 38 | EQH | EQUITABLE HLDGS INC | 5.56M | $244.05M | 0.72% | Add |
| 39 | GL | GLOBE LIFE INC | 1.36M | $242.26M | 0.71% | Add |
| 40 | WDAY | WORKDAY INC | 1.97M | $241.32M | 0.71% | New |
| 41 | SPB | SPECTRUM BRANDS HOLDINGS INC | 2.42M | $207.58M | 0.61% | Add |
| 42 | MICC | MAGNUM ICE CREAM CO NV | 13.20M | $201.11M | 0.59% | Add |
| 43 | SHEL | SHELL PLC | 2.58M | $200.15M | 0.59% | Reduce |
| 44 | RHI | ROBERT HALF INC. | 6.22M | $191.02M | 0.56% | Add |
| 45 | ZTO | ZTO EXPRESS CAYMAN INC | 7.32M | $163.87M | 0.48% | Reduce |
| 46 | MBC | MASTERBRAND INC | 15.33M | $157.74M | 0.46% | Add |
| 47 | CI | THE CIGNA GROUP | 562.04K | $154.94M | 0.46% | Reduce |
| 48 | CSCO | CISCO SYS INC | 1.28M | $150.50M | 0.44% | Reduce |
| 49 | PFE | PFIZER INC | 5.96M | $143.49M | 0.42% | Add |
| 50 | MHK | MOHAWK INDS INC | 1.14M | $138.66M | 0.41% | Reduce |