Pzena Investment Management

Richard Pzena

Period

Q1 2026

Portfolio Date

Mar 31, 2026

Stocks Held

157

Market Value

$30.8B

Portfolio Analysis

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I. Institutional Overview

Pzena Investment Management, led by the venerable Richard Pzena, stands as a titan in the realm of classic value investing. As of the first quarter of 2026, the firm manages a substantial portfolio with a reported market value of approximately $30.79 billion. This scale places Pzena among the elite tier of institutional asset managers, possessing the...

The institutional portrait of Pzena Investment Management is one of high conviction and patient capital. With 157 holdings in the portfolio, the firm strikes a sophisticated balance between diversification and concentrated bets. While 157 stocks might suggest a broad-market approach, a closer look at the weight distribution reveals that the firm is not...

Analyzing the scale trend, the $30.79 billion valuation suggests a firm that is either in a phase of steady capital appreciation or successful capital attraction. In the volatile landscape of early 2026, maintaining such a massive asset base requires more than just picking cheap stocks; it requires a robust risk management framework and a clear...

Based on the latest available 13F filing.

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Holdings Value Trend

Q2 2024

Q3 2024

Q4 2024

Q1 2025

Q2 2025

Q3 2025

Q4 2025

Q1 2026

Historical Positions

SymbolQ1 2026Q4 2025Q3 2025Q2 2025
MGA6.4%6.4%6.2%5.0%
CTSH4.0%4.4%3.8%4.4%
TSN3.6%---
BAX3.5%4.0%4.2%3.9%
BMY3.4%---
CVS3.2%3.7%3.9%3.8%
HUM3.1%3.1%3.4%3.2%
C3.0%3.7%4.1%3.8%
SWKS2.8%-3.0%3.0%
COF2.7%3.6%3.5%3.8%

Post-Filing Contributors

Price change since reported price, ranked by portfolio contribution

HUM+112.64%
NOK+75.25%
UBS+56.82%
CVS+39.91%
SWKS+35.82%

Post-Filing Detractors

Price change since reported price, ranked by portfolio contribution

MGA-15.34%
CTSH-16.58%
DG-3.70%
ACN-15.52%
BMY-6.18%

Sector Analysis

Energy4.1%
Materials6.1%
Financials22.1%
Healthcare18.7%
Technology19.4%
Industrials6.2%
Real Estate0.5%
Consumer Staples8.3%