Richard Pzena Pzena Investment Management
Richard Pzena is the founder of Pzena Investment Management, a firm specializing in deep-value equities worldwide. The process systematically seeks companies trading at large discounts to normalized earnings power, often when sentiment is poor. Pzena’s research-driven value approach is widely followed by institutional allocators and value-focused individuals.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Corebridge Financial
CRBG
|
+$332M |
| 2 |
Skyworks Solutions
SWKS
|
+$297M |
| 3 |
Global Payments
GPN
|
+$215M |
| 4 |
WNS
WNS Holdings
WNS
|
+$99.6M |
| 5 |
Baxter International
BAX
|
+$77.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dollar General
DG
|
+$91.5M |
| 2 |
Equitable Holdings
EQH
|
+$85.4M |
| 3 |
JELD-WEN Holding
JELD
|
+$61.6M |
| 4 |
CVS Health
CVS
|
+$61.3M |
| 5 |
Nokia
NOK
|
+$60.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 24.69% |
| 2 | Healthcare | 19.45% |
| 3 | Technology | 17.94% |
| 4 | Consumer Discretionary | 12.3% |
| 5 | Consumer Staples | 8.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Robert Half
RHI
$4.58B
| $97.6M | 0.32% |
2,377,277
+1,058,569
| +80% | +$48.2M |
|
52
Goldman Sachs
GS
$303B
| $89.4M | 0.29% |
126,315
-10,338
| -8% | -$5.99M |
|
|
WBS
53
DELISTED
Webster Financial
WBS
| $88.1M | 0.29% |
1,612,758
+23,605
| +1% | +$1.18M |
|
54
General Dynamics
GD
$104B
| $85M | 0.28% |
291,536
+13,008
| +5% | +$3.58M |
|
55
Elevance Health
ELV
$86.9B
| $84.5M | 0.27% |
217,276
+16,296
| +8% | +$6.55M |
|
56
Adient
ADNT
$1.54B
| $81.2M | 0.26% |
4,174,493
+272,920
| +7% | +$4.03M |
|
57
Spectrum Brands
SPB
$2B
| $78.1M | 0.25% |
1,474,451
+140,418
| +11% | +$8.37M |
|
58
Olin
OLN
$2.1B
| $76.9M | 0.25% |
3,829,021
+166,482
| +5% | +$3.46M |
|
59
Halliburton
HAL
$29.4B
| $76.1M | 0.25% |
3,734,069
+2,142,939
| +135% | +$44.9M |
|
60
Wabtec
WAB
$50.3B
| $75.5M | 0.25% |
360,696
+16,560
| +5% | +$3.18M |
|
61
Genuine Parts
GPC
$18.5B
| $72.3M | 0.24% |
596,051
+295,064
| +98% | +$35.5M |
|
|
MRC
62
DELISTED
MRC Global
MRC
| $71.6M | 0.23% |
5,223,482
-126,937
| -2% | -$1.53M |
|
63
Universal Health Services
UHS
$10.4B
| $71M | 0.23% |
391,743
-94
| -0% | -$17K |
|
64
ExxonMobil
XOM
$679B
| $70.5M | 0.23% |
654,086
+38,663
| +6% | +$4.13M |
|
65
Diamondrock Hospitality Co
DRH
$2.62B
| $67.3M | 0.22% |
8,785,278
+181,610
| +2% | +$1.35M |
|
66
Douglas Dynamics
PLOW
$973M
| $67.2M | 0.22% |
2,281,587
+8,584
| +0.4% | +$226K |
|
67
Henry Schein
HSIC
$9.86B
| $67.2M | 0.22% |
920,231
-45,502
| -5% | -$3.13M |
|
68
TriMas Corp
TRS
$1.41B
| $62.3M | 0.2% |
2,177,761
+42,207
| +2% | +$1.04M |
|
|
AMWD
69
DELISTED
American Woodmark
AMWD
| $61.3M | 0.2% |
1,148,331
+307,657
| +37% | +$17.4M |
|
|
SCS
70
DELISTED
Steelcase
SCS
| $60M | 0.2% |
5,754,832
+389,912
| +7% | +$4.01M |
|
71
Korn Ferry
KFY
$4.37B
| $60M | 0.2% |
818,329
+50,371
| +7% | +$3.35M |
|
72
Oshkosh
OSK
$9.7B
| $59.7M | 0.19% |
+525,887
| New | +$51.1M |
|
73
Resideo Technologies
REZI
$3.08B
| $59.3M | 0.19% |
2,687,128
+41,808
| +2% | +$798K |
|
74
Old National Bancorp
ONB
$9.87B
| $57.5M | 0.19% |
2,695,779
-179,402
| -6% | -$3.71M |
|
75
Huntsman Corp
HUN
$1.75B
| $55.3M | 0.18% |
5,310,768
+451,761
| +9% | +$5.5M |
|
Similar funds
Richard Pzena's Q2 2025 Portfolio in Review
As of Q2 2025, Richard Pzena held 158 positions worth $30.8B, up 7.4% from $28.6B the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Richard Pzena deployed $1.53B of net new capital in Q2 2025, opening 12 new positions and adding to 92 existing holdings. Its largest new stake was WNS Holdings: 1,662,463 shares worth $105M.
By sector, the portfolio is most concentrated in Financials at 25% of assets, up from 23% a quarter earlier, followed by Healthcare and Technology.
On the sell side, the largest reduction was Dollar General, an estimated $91.5M trimmed.
- Richard Pzena's largest Q2 2025 buy was WNS Holdings: 1,662,463 shares worth $105M.
- Richard Pzena added most to Corebridge Financial in Q2 2025, an estimated $332M increase.
- Richard Pzena's biggest Q2 2025 reduction was Dollar General, cutting an estimated $91.5M.
- Richard Pzena fully exited JELD-WEN Holding in Q2 2025, selling an estimated $61.6M.
- Richard Pzena's ten largest holdings make up 39% of its $30.8B portfolio in Q2 2025.
- Richard Pzena opened 12 new positions and closed 6 in Q2 2025.
- Richard Pzena's portfolio value rose 7.4% quarter-over-quarter to $30.8B.
Based on Pzena Investment Management's 13F filing for Q2 2025, filed 25 Jul 2025.