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RP
Richard Pzena Pzena Investment Management
AUM
$34.1B
1-Year Est. Return
23.81%
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.
This Fund
S&P 500
This Quarter
Est. Return
+0.03%
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
$16B
AUM Growth
-$304M
(-1.9%)
Cap. Flow
-$172M
Cap. Flow
% of AUM
-1.08%
Top 10 Holdings %
Top 10 Hldgs %
25.85%
Holding
153
New
1
Increased
63
Reduced
68
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Seagate
STX
|
+$138M |
| 2 |
Voya Financial
VOYA
|
+$110M |
| 3 |
Terex
TEX
|
+$54M |
| 4 |
AEL
American Equity Investment Life Holding Company
AEL
|
+$31.5M |
| 5 |
Merck
MRK
|
+$27.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
RDS.A
Royal Dutch Shell PLC ADS Class A
RDS.A
|
+$54.8M |
| 2 |
BXLT
BAXALTA INC COM STK (DE)
BXLT
|
+$51.6M |
| 3 |
Murphy Oil
MUR
|
+$49.2M |
| 4 |
APA Corp
APA
|
+$48.2M |
| 5 |
Baxter International
BAX
|
+$42.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 35.37% |
| 2 | Technology | 17.89% |
| 3 | Energy | 14.01% |
| 4 | Industrials | 11.01% |
| 5 | Communication Services | 6.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SNV
76
DELISTED
Synovus
SNV
| $44.4M | 0.28% |
1,531,317
-1,584
| -0.1% | -$48.1K |
|
77
Citizens Financial Group
CFG
$29.4B
| $41.9M | 0.26% |
2,095,671
+4,625
| +0.2% | +$103K |
|
|
DOOR
78
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $41.6M | 0.26% |
629,640
-82,882
| -12% | -$5.68M |
|
|
GTLS
79
DELISTED
Chart Industries
GTLS
| $40.4M | 0.25% |
1,675,388
-22,723
| -1% | -$561K |
|
80
Associated Banc-Corp
ASB
$5.82B
| $39.7M | 0.25% |
2,314,511
+134,441
| +6% | +$2.39M |
|
|
AEL
81
DELISTED
American Equity Investment Life Holding Company
AEL
| $38.1M | 0.24% |
2,675,697
+2,085,556
| +353% | +$31.5M |
|
|
GTS
82
DELISTED
Triple-S Management Corporation
GTS
| $38.1M | 0.24% |
1,639,358
+149,275
| +10% | +$3.47M |
|
|
ESND
83
DELISTED
Essendant Inc.
ESND
| $35.9M | 0.22% |
1,173,329
+86,344
| +8% | +$2.71M |
|
84
AT&T
T
$173B
| $35.7M | 0.22% |
1,093,833
+4,104
| +0.4% | +$122K |
|
85
Gibraltar Industries
ROCK
$1.38B
| $35.5M | 0.22% |
1,125,789
-282,991
| -20% | -$8.15M |
|
|
VR
86
DELISTED
Validus Hold Ltd
VR
| $35.5M | 0.22% |
730,472
+30,292
| +4% | +$1.42M |
|
87
Scansource
SCSC
$1.1B
| $34.3M | 0.21% |
925,541
+487,722
| +111% | +$19.1M |
|
88
Insight Enterprises
NSIT
$4.33B
| $34.3M | 0.21% |
1,317,814
+93,541
| +8% | +$2.5M |
|
|
CUB
89
DELISTED
Cubic Corporation
CUB
| $34.2M | 0.21% |
850,674
+49,009
| +6% | +$1.99M |
|
90
Hope Bancorp
HOPE
$1.78B
| $33.7M | 0.21% |
2,260,405
+212,144
| +10% | +$3.29M |
|
|
AXE
91
DELISTED
Anixter International Inc
AXE
| $33M | 0.21% |
618,924
+277,240
| +81% | +$15.9M |
|
92
Cognizant
CTSH
$27.9B
| $31.6M | 0.2% |
552,498
+133,886
| +32% | +$8.09M |
|
|
LLL
93
DELISTED
L3 Technologies, Inc.
LLL
| $31.4M | 0.2% |
214,175
+675
| +0.3% | +$90.7K |
|
94
Diodes
DIOD
$4.33B
| $30.7M | 0.19% |
1,633,795
-10,476
| -0.6% | -$198K |
|
95
Tetra Tech
TTEK
$9.47B
| $29.9M | 0.19% |
4,860,535
-603,140
| -11% | -$3.61M |
|
96
Universal Corp
UVV
$1.12B
| $28.9M | 0.18% |
500,604
-2,722
| -0.5% | -$150K |
|
|
FMBI
97
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $28.7M | 0.18% |
1,636,052
-7,844
| -0.5% | -$141K |
|
|
AHL
98
DELISTED
ASPEN Insurance Holding Limited
AHL
| $28.2M | 0.18% |
606,995
-953
| -0.2% | -$44.5K |
|
99
Stoneridge
SRI
$205M
| $28M | 0.18% |
1,872,997
-265,974
| -12% | -$4.02M |
|
|
ARGO
100
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $26.6M | 0.17% |
589,537
-665
| -0.1% | -$30K |
|
Similar funds
SC
NA
Richard Pzena's Q2 2016 Portfolio in Review
As of Q2 2016, Richard Pzena held 153 positions worth $16B, down 1.9% from $16.3B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Richard Pzena's Q2 2016 filing shows 1 new, 63 increased, 68 reduced and 9 closed positions. Its largest new stake was Truist Financial: 481,014 shares worth $17.1M. The largest sale was Royal Dutch Shell PLC ADS Class A, an estimated $54.8M.
By sector, the portfolio is most concentrated in Financials at 35% of assets, up from 35% a quarter earlier, followed by Technology and Energy.
- Richard Pzena's largest Q2 2016 buy was Truist Financial: 481,014 shares worth $17.1M.
- Richard Pzena added most to Seagate in Q2 2016, an estimated $138M increase.
- Richard Pzena's biggest Q2 2016 reduction was Royal Dutch Shell PLC ADS Class A, cutting an estimated $54.8M.
- Richard Pzena fully exited BAXALTA INC COM STK (DE) in Q2 2016, selling an estimated $51.6M.
- Richard Pzena's ten largest holdings make up 26% of its $16B portfolio in Q2 2016.
- Richard Pzena opened 1 new position and closed 9 in Q2 2016.
- Richard Pzena's portfolio value fell 1.9% quarter-over-quarter to $16B.
Based on Pzena Investment Management's 13F filing for Q2 2016, filed 5 Aug 2016.