We are live on ! Find out more
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
+7.22%
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
$20.4B
AUM Growth
+$1.47B
Cap. Flow
+$239M
Cap. Flow %
1.17%
Top 10 Hldgs %
29.81%
Holding
160
New
9
Increased
75
Reduced
62
Closed
4

Top Buys

Rank Stock Value
1
IPG
Interpublic Group of Companies
IPG
+$177M
2
HPE icon
Hewlett Packard
HPE
+$99.3M
3
OMC icon
Omnicom Group
OMC
+$94M
4
WFC icon
Wells Fargo
WFC
+$74M
5
R icon
Ryder
R
+$66.8M

Top Sells

Rank Stock Value
1
HLT icon
Hilton Worldwide
HLT
+$121M
2
ON icon
ON Semiconductor
ON
+$116M
3
CI icon
Cigna
CI
+$67.9M
4
TEX icon
Terex
TEX
+$58.5M
5
RDS.A
Royal Dutch Shell PLC ADS Class A
RDS.A
+$51M

Sector Composition

Rank Sector Weight
1 Financials 37.85%
2 Technology 15.9%
3 Healthcare 11.35%
4 Industrials 9.76%
5 Energy 9.65%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FTI icon
76
TechnipFMC
FTI
$30.4B
$63.4M 0.31%
2,723,245
+1,013,891
+59% +$21M
TRS icon
77
TriMas Corp
TRS
$1.41B
$63M 0.31%
2,356,457
-113,218
-5% -$3.02M
CMA
78
DELISTED
Comerica
CMA
$62.2M 0.31%
716,953
-28,587
-4% -$2.3M
VR
79
DELISTED
Validus Hold Ltd
VR
$60.5M 0.3%
1,290,251
+601,187
+87% +$29.7M
GTLS
80
DELISTED
Chart Industries
GTLS
$60.1M 0.29%
1,283,149
-70,218
-5% -$3.13M
ASB icon
81
Associated Banc-Corp
ASB
$5.82B
$59.6M 0.29%
2,347,623
-85,967
-4% -$2.15M
ROCK icon
82
Gibraltar Industries
ROCK
$1.38B
$58.2M 0.29%
1,764,060
-88,778
-5% -$2.84M
HOPE icon
83
Hope Bancorp
HOPE
$1.78B
$55.2M 0.27%
3,026,113
+596,701
+25% +$10.8M
AEL
84
DELISTED
American Equity Investment Life Holding Company
AEL
$53.7M 0.26%
1,746,560
-102,045
-6% -$3.09M
PAY
85
DELISTED
Verifone Systems Inc
PAY
$52.1M 0.26%
2,942,690
+473,224
+19% +$8.8M
MD icon
86
Pediatrix Medical
MD
$2.16B
$51.4M 0.25%
+962,030
New +$45.4M
CVS icon
87
CVS Health
CVS
$119B
$50.8M 0.25%
701,082
+1,210
+0.2% +$88K
SCSC icon
88
Scansource
SCSC
$1.1B
$47.8M 0.23%
1,335,617
+17,689
+1% +$691K
QCOM icon
89
Qualcomm
QCOM
$169B
$47.6M 0.23%
744,080
+304
+0% +$18.4K
ESND
90
DELISTED
Essendant Inc.
ESND
$46.9M 0.23%
5,061,547
+736,509
+17% +$7.58M
CUB
91
DELISTED
Cubic Corporation
CUB
$44.8M 0.22%
760,371
-185,675
-20% -$10.5M
SNV
92
DELISTED
Synovus
SNV
$43.8M 0.21%
913,804
-254,891
-22% -$12.1M
GTS
93
DELISTED
Triple-S Management Corporation
GTS
$42.3M 0.21%
1,788,143
-254,387
-12% -$6.2M
DBD
94
DELISTED
Diebold Nixdorf Incorporated
DBD
$39.9M 0.2%
2,440,289
+591,091
+32% +$11.4M
SPN
95
DELISTED
Superior Energy Services, Inc.
SPN
$39.9M 0.2%
414,239
-9,052
-2% -$840K
NSIT icon
96
Insight Enterprises
NSIT
$4.33B
$37.3M 0.18%
973,385
+115,884
+14% +$4.74M
PGEM
97
DELISTED
Ply Gem Holdings, Inc.
PGEM
$35.5M 0.17%
1,918,393
-34,037
-2% -$591K
ARGO
98
DELISTED
Argo Group International Holdings, Ltd.
ARGO
$35.2M 0.17%
655,790
-28,130
-4% -$1.51M
UVV icon
99
Universal Corp
UVV
$1.12B
$34.4M 0.17%
655,409
+222,161
+51% +$12.3M
LLL
100
DELISTED
L3 Technologies, Inc.
LLL
$33.2M 0.16%
168,036
– –
2 3
4
5 6

Similar funds

SC
Savant Capital Rockford, Illinois $34.1B AUM 22.4% 1-Year Est. Return
M&T Bank
M&T Bank Buffalo, New York $34.1B AUM 29.2% 1-Year Est. Return
Ohio Public Employees Retirement System (OPERS)
Ohio Public Employees Retirement System (OPERS) Columbus, Ohio $34B AUM 40.73% 1-Year Est. Return
Hotchkis & Wiley Capital Management
Hotchkis & Wiley Capital Management Los Angeles, California $34.3B AUM 22.63% 1-Year Est. Return
Pathstone Holdings
Pathstone Holdings Englewood, New Jersey $34.3B AUM 27.35% 1-Year Est. Return
Gates Foundation Trust
Gates Foundation Trust Kirkland, Washington $34.4B AUM 26.34% 1-Year Est. Return
State of Tennessee, Department of Treasury
State of Tennessee, Department of Treasury Nashville, Tennessee $33.7B AUM 43.08% 1-Year Est. Return
NA
NewEdge Advisors New Orleans, Louisiana $33.6B AUM 31.03% 1-Year Est. Return

Richard Pzena's Q4 2017 Portfolio in Review

As of Q4 2017, Richard Pzena held 160 positions worth $20.4B, up 7.7% from $18.9B the previous quarter. Its ten largest holdings account for 30% of the portfolio.

Richard Pzena's Q4 2017 filing shows 9 new, 75 increased, 62 reduced and 4 closed positions. Its largest new stake was Pediatrix Medical: 962,030 shares worth $51.4M. The largest sale was Hilton Worldwide, an estimated $121M.

By sector, the portfolio is most concentrated in Financials at 38% of assets, down from 38% a quarter earlier, followed by Technology and Healthcare.

  • Richard Pzena's largest Q4 2017 buy was Pediatrix Medical: 962,030 shares worth $51.4M.
  • Richard Pzena added most to Interpublic Group of Companies in Q4 2017, an estimated $177M increase.
  • Richard Pzena's biggest Q4 2017 reduction was Hilton Worldwide, cutting an estimated $121M.
  • Richard Pzena fully exited Progressive in Q4 2017, selling an estimated $24M.
  • Richard Pzena's ten largest holdings make up 30% of its $20.4B portfolio in Q4 2017.
  • Richard Pzena opened 9 new positions and closed 4 in Q4 2017.
  • Richard Pzena's portfolio value rose 7.7% quarter-over-quarter to $20.4B.

Based on Pzena Investment Management's 13F filing for Q4 2017, filed 9 Feb 2018.