Lsv Asset Management Q1 2026 13F Holdings and Activity Report

I. Institutional Overview

The institutional "psychological portrait" of LSV Asset Management is defined by its unwavering commitment to contrarian value principles, filtered through the lens of rigorous statistical analysis. Unlike concentrated hedge funds that may bet the house on a handful of high-conviction ideas, LSV operates with an extraordinary level of diversification. With 871 individual holdings currently in the portfolio, the institution demonstrates a clear preference for risk mitigation through broad market exposure. This high number of holdings suggests that the investment team does not rely on "star" stock-pickers but rather on a systematic process designed to identify undervalued securities that exhibit positive momentum or fundamental recovery signals.

This section shows only part of the complete report. View the app for the full analysis, position-level detail, and quarter-over-quarter tracking.

II. Sector Allocation Analysis

The top three sectors—Financials, Technology, and Healthcare—account for a combined 50.40% of the total portfolio. While this represents a significant concentration of capital, it is relatively balanced compared to more aggressive growth funds. The dominance of Financials (20.39%) is a classic hallmark of a value-oriented institution. Financial stocks, including large-cap banks, insurance companies, and asset managers, often trade at lower price-to-earnings and price-to-book multiples, making them prime targets for LSV’s quantitative models. This heavy weighting suggests a macro outlook that is either optimistic about the interest rate environment—where banks can earn higher net interest margins—or a belief that the financial sector remains undervalued relative to its historical earnings power.

This section shows only part of the complete report. View the app for the full analysis, position-level detail, and quarter-over-quarter tracking.

III. Top 10 Holdings Deep Dive

Alphabet remains the largest single position in the LSV portfolio, valued at over $768 million . This is a classic "conviction holding" for a quantitative value manager. While Alphabet is often categorized as a growth stock, its massive cash flow, dominant market position in search and advertising, and relatively reasonable valuation multiples compared to other "Magnificent Seven" peers make it a staple for LSV. This quarter, the institution reduced its position by 1.34% . Given that the portfolio weight dropped from 1.85% to 1.66%, it is clear that the slight reduction in shares, combined with market price fluctuations, was a tactical rebalancing move rather than a loss of faith. Alphabet represents the "Tech Value" anchor of the portfolio, providing exposure to AI and digital infrastructure without the extreme valuation risks found in more speculative software firms.

This section shows only part of the complete report. View the app for the full analysis, position-level detail, and quarter-over-quarter tracking.

IV. Major Buys/Additions

The most striking move this quarter was the astronomical 3267.44% increase in the position of The Walt Disney Company. LSV added approximately 3 million shares, with an estimated investment of $289.09 million . This is a classic "distressed reversal bet." Disney has faced significant headwinds in recent years, from the transition to streaming to fluctuations in theme park attendance. By making such a massive addition, LSV’s model is likely signaling that the stock has reached a valuation trough and that the "worst is over." From a value perspective, Disney’s intellectual property and global brand power are often undervalued during periods of short-term earnings volatility. This move catapulted Disney from a negligible "fractional" holding to a significant position representing 0.64% of the portfolio.

This section shows only part of the complete report. View the app for the full analysis, position-level detail, and quarter-over-quarter tracking.

V. Major Sells and Exits

The most significant reduction this quarter was in Gilead Sciences, where LSV slashed its position by 30.24% , realizing an estimated $174.74 million . This move qualifies as a "Major Strategic Contraction." Gilead has been a long-term staple in the portfolio, but the substantial reduction suggests that the stock may have reached the model's price target or that the fundamental outlook for its oncology pipeline has shifted. By trimming such a large portion of the holding, LSV is effectively "locking in" gains and reducing its exposure to the volatile biotech sector. This capital was likely redirected into the "rebound" plays like Disney.

LSV completely liquidated its position in TEGNA, a major broadcast media company, exiting with approximately $134.91 million . This "Exit" operation is particularly noteworthy because TEGNA had been in the portfolio since 2015. A complete exit after a decade-long holding period usually signals a "logical clearing"—a judgment that the investment thesis has either been fully realized or is no longer valid in the current media landscape. With the rise of streaming and the decline of traditional linear television, LSV’s model likely flagged TEGNA as a "value trap" rather than a "value opportunity."

This section shows only part of the complete report. View the app for the full analysis, position-level detail, and quarter-over-quarter tracking.

VI. Investment Insights and Risk Warnings

The logic chain is clear: the institution is harvesting significant profits from long-term winners in the healthcare (Gilead) and financial services (Bank of NY Mellon) sectors, while completely exiting industries facing secular headwinds like traditional media (TEGNA). This capital is being aggressively redeployed into "fallen angels"—high-quality companies like Disney that have been severely punished by the market but possess durable competitive advantages. This "Sell High, Buy Low" strategy is being executed with the precision of a quantitative model, unburdened by the emotional attachment that often plagues human investors.

For the individual investor, the reference value of these operations lies in the sector rotation signals . LSV’s massive entry into Disney and Allstate suggests that the "smart money" is beginning to see value in the consumer and insurance sectors, even as it cools on biotech and commodities. However, it is crucial to remember that LSV’s operations are part of a highly diversified 871-stock portfolio. Their ability to take a $289 million "bet" on Disney is balanced by 870 other positions; a retail investor attempting to "copy" this move with a significant portion of their own capital would be taking on a vastly different risk profile.

This section shows only part of the complete report. View the app for the full analysis, position-level detail, and quarter-over-quarter tracking.

Sources and limitations

This report uses public U.S. Securities and Exchange Commission Form 13F disclosures and structured data maintained by 13F Hub. A 13F filing is a quarter-end snapshot of reportable long positions, is normally published with a delay, and does not disclose every short position, cash balance, bond, derivative, or non-U.S. asset.

Narrative content is prepared from the same-period SEC disclosure and 13F Hub structured data, then checked before publication. This material is for research and education, not personalized investment advice.