Pzena Investment Management Portfolio holdings
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Textron
TXT
|
+$245M |
| 2 |
Wells Fargo
WFC
|
+$117M |
| 3 |
Trip.com Group
TCOM
|
+$110M |
| 4 |
GE Aerospace
GE
|
+$93M |
| 5 |
Booking.com
BKNG
|
+$78.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Stanley Black & Decker
SWK
|
+$161M |
| 2 |
IPG
Interpublic Group of Companies
IPG
|
+$83.7M |
| 3 |
AGR
Avangrid, Inc.
AGR
|
+$70.1M |
| 4 |
Morgan Stanley
MS
|
+$60.8M |
| 5 |
JELD-WEN Holding
JELD
|
+$58.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 29.2% |
| 2 | Consumer Discretionary | 14.37% |
| 3 | Industrials | 13.89% |
| 4 | Technology | 12.67% |
| 5 | Energy | 10.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
PINC
151
DELISTED
Premier
PINC
| – | – |
-20,545
| Closed | -$704K |
|
|
SNV
152
DELISTED
Synovus
SNV
| – | – |
-584,769
| Closed | -$12M |
|
|
SVC
153
Service Properties Trust
SVC
$1.08B
| – | – |
-215,198
| Closed | -$7.63M |
|
154
AT&T
T
$167B
| – | – |
-982,072
| Closed | -$22.4M |
|
155
Tyson Foods
TSN
$19.6B
| – | – |
-9,384
| Closed | -$560K |
|
|
AGR
156
DELISTED
Avangrid, Inc.
AGR
| – | – |
-1,669,119
| Closed | -$70.1M |
|
|
DOOR
157
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| – | – |
-456,483
| Closed | -$35.5M |
|
|
SYKE
158
DELISTED
SYKES Enterprises Inc
SYKE
| – | – |
-171,455
| Closed | -$4.74M |
|
|
VAL
159
DELISTED
Valaris plc Class A Ordinary Share
VAL
| – | – |
-4,264,044
| Closed | -$2.78M |
|
|
LM
160
DELISTED
Legg Mason, Inc.
LM
| – | – |
-12,862
| Closed | -$640K |
|
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Pzena Investment Management's Q3 2020 Portfolio in Review
As of Q3 2020, Pzena Investment Management held 181 positions worth $16B, up 4.5% from $15.3B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Pzena Investment Management deployed $662M of net new capital in Q3 2020, opening 12 new positions and adding to 66 existing holdings. Its largest new stake was Textron: 6,761,973 shares worth $244M.
By sector, the portfolio is most concentrated in Financials at 29% of assets, down from 31% a quarter earlier, followed by Consumer Discretionary and Industrials.
On the sell side, the largest reduction was Stanley Black & Decker, an estimated $161M trimmed.
- Pzena Investment Management's largest Q3 2020 buy was Textron: 6,761,973 shares worth $244M.
- Pzena Investment Management added most to Wells Fargo in Q3 2020, an estimated $117M increase.
- Pzena Investment Management's biggest Q3 2020 reduction was Stanley Black & Decker, cutting an estimated $161M.
- Pzena Investment Management fully exited Avangrid, Inc. in Q3 2020, selling an estimated $70.1M.
- Pzena Investment Management's ten largest holdings make up 31% of its $16B portfolio in Q3 2020.
- Pzena Investment Management opened 12 new positions and closed 14 in Q3 2020.
- Pzena Investment Management's portfolio value rose 4.5% quarter-over-quarter to $16B.
Based on Pzena Investment Management's 13F filing for Q3 2020, filed 30 Oct 2020.