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Pzena Investment Management Portfolio holdings
AUM
$34.1B
1-Year Est. Return
23.81%
This Fund
S&P 500
This Quarter
Est. Return
+5.39%
1 Year Est. Return
+23.81%
3 Year Est. Return
+50.68%
5 Year Est. Return
+72.69%
10 Year Est. Return
+243.55%
AUM
$33.4B
AUM Growth
+$2.46B
(+8%)
Cap. Flow
+$1.25B
Cap. Flow
% of AUM
3.75%
Top 10 Holdings %
Top 10 Hldgs %
39.38%
Holding
166
New
12
Increased
50
Reduced
86
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PPG Industries
PPG
|
+$537M |
| 2 |
Amdocs
DOX
|
+$438M |
| 3 |
Baxter International
BAX
|
+$253M |
| 4 |
Accenture
ACN
|
+$246M |
| 5 |
MetLife
MET
|
+$175M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Medtronic
MDT
|
+$263M |
| 2 |
TE Connectivity
TEL
|
+$249M |
| 3 |
Citigroup
C
|
+$199M |
| 4 |
Dollar General
DG
|
+$112M |
| 5 |
Goldman Sachs
GS
|
+$90.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 25.11% |
| 2 | Healthcare | 19.31% |
| 3 | Technology | 18.88% |
| 4 | Consumer Discretionary | 13.26% |
| 5 | Consumer Staples | 8.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Bank of America
BAC
$448B
| $356M | 1.07% |
6,480,095
-23,676
| -0.4% | -$1.25M |
|
27
Fresenius Medical Care
FMS
$12.7B
| $351M | 1.05% |
14,752,836
-64,016
| -0.4% | -$1.59M |
|
|
28
Accenture
ACN
$110B
| $351M | 1.05% |
1,307,722
+969,792
| +287% | +$246M |
|
29
Avnet
AVT
$7.87B
| $338M | 1.01% |
7,037,798
-105,548
| -1% | -$5.19M |
|
|
30
Medtronic
MDT
$116B
| $309M | 0.93% |
3,218,852
-2,709,234
| -46% | -$263M |
|
31
Credicorp
BAP
$30B
| $307M | 0.92% |
1,068,942
+15,886
| +2% | +$4.21M |
|
32
Voya Financial
VOYA
$8.9B
| $270M | 0.81% |
3,626,212
-19,483
| -0.5% | -$1.42M |
|
33
Shell
SHEL
$250B
| $241M | 0.72% |
3,277,328
-93,004
| -3% | -$6.85M |
|
34
Kaspi.kz JSC
KSPI
$18.1B
| $211M | 0.63% |
2,705,734
+973,586
| +56% | +$73.6M |
|
35
Delta Air Lines
DAL
$59.5B
| $207M | 0.62% |
2,982,793
-1,247,625
| -29% | -$77.9M |
|
36
Equitable Holdings
EQH
$14B
| $206M | 0.62% |
4,325,348
+28,340
| +0.7% | +$1.34M |
|
37
Newell Brands
NWL
$2.62B
| $186M | 0.56% |
50,019,553
+2,375,782
| +5% | +$9.6M |
|
|
38
TE Connectivity
TEL
$63.3B
| $185M | 0.55% |
811,891
-1,077,685
| -57% | -$249M |
|
39
Pfizer
PFE
$152B
| $163M | 0.49% |
6,526,800
-88,798
| -1% | -$2.24M |
|
40
ZTO Express
ZTO
$17.6B
| $158M | 0.47% |
7,580,454
-418,953
| -5% | -$8.3M |
|
41
Cigna
CI
$72.4B
| $157M | 0.47% |
570,833
+40,992
| +8% | +$11.5M |
|
42
Advance Auto Parts
AAP
$3.19B
| $156M | 0.47% |
3,973,493
-21,559
| -0.5% | -$1.08M |
|
43
Halliburton
HAL
$28.2B
| $151M | 0.45% |
5,333,743
-12,853
| -0.2% | -$339K |
|
44
Spectrum Brands
SPB
$2.02B
| $142M | 0.42% |
2,401,948
-57,537
| -2% | -$3.24M |
|
45
Globe Life
GL
$14.1B
| $137M | 0.41% |
976,047
-22,459
| -2% | -$3.04M |
|
46
LKQ Corp
LKQ
$6.25B
| $132M | 0.4% |
4,382,173
+1,042,441
| +31% | +$31.4M |
|
47
Mohawk Industries
MHK
$9.26B
| $130M | 0.39% |
1,186,400
+7,332
| +0.6% | +$842K |
|
48
Concentrix
CNXC
$1.57B
| $122M | 0.36% |
2,927,196
+714,604
| +32% | +$29M |
|
49
Robert Half
RHI
$4.31B
| $119M | 0.36% |
4,394,851
+1,214,883
| +38% | +$34.7M |
|
50
Sensata Technologies
ST
$6.73B
| $117M | 0.35% |
3,509,416
+2,778,918
| +380% | +$88.9M |
|
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Pzena Investment Management's Q4 2025 Portfolio in Review
As of Q4 2025, Pzena Investment Management held 166 positions worth $33.4B, up 8% from $30.9B the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Pzena Investment Management deployed $1.25B of net new capital in Q4 2025, opening 12 new positions and adding to 50 existing holdings. Its largest new stake was Constellation Brands: 589,891 shares worth $81.4M.
By sector, the portfolio is most concentrated in Financials at 25% of assets, down from 26% a quarter earlier, followed by Healthcare and Technology.
On the sell side, the largest reduction was Medtronic, an estimated $263M trimmed.
- Pzena Investment Management's largest Q4 2025 buy was Constellation Brands: 589,891 shares worth $81.4M.
- Pzena Investment Management added most to PPG Industries in Q4 2025, an estimated $537M increase.
- Pzena Investment Management's biggest Q4 2025 reduction was Medtronic, cutting an estimated $263M.
- Pzena Investment Management fully exited MRC Global in Q4 2025, selling an estimated $74.2M.
- Pzena Investment Management's ten largest holdings make up 39% of its $33.4B portfolio in Q4 2025.
- Pzena Investment Management opened 12 new positions and closed 9 in Q4 2025.
- Pzena Investment Management's portfolio value rose 8% quarter-over-quarter to $33.4B.
Based on Pzena Investment Management's 13F filing for Q4 2025, filed 6 Feb 2026.