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 |
Humana
HUM
|
+$287M |
| 2 |
Accenture
ACN
|
+$256M |
| 3 |
Skyworks Solutions
SWKS
|
+$203M |
| 4 |
Cognizant
CTSH
|
+$188M |
| 5 |
Globant
GLOB
|
+$164M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dollar General
DG
|
+$539M |
| 2 |
Citigroup
C
|
+$278M |
| 3 |
Dow Inc
DOW
|
+$275M |
| 4 |
Magna International
MGA
|
+$216M |
| 5 |
Nokia
NOK
|
+$209M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 22.04% |
| 2 | Technology | 19.37% |
| 3 | Healthcare | 18.7% |
| 4 | Consumer Discretionary | 14.01% |
| 5 | Consumer Staples | 8.25% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
ABM Industries
ABM
$2.74B
| $58.7M | 0.19% |
1,522,936
+351,407
| +30% | +$15.2M |
|
77
WSFS Financial
WSFS
$4.08B
| $57.5M | 0.19% |
878,588
+1,772
| +0.2% | +$112K |
|
78
Columbia Banking Systems
COLB
$8.72B
| $55.8M | 0.18% |
2,033,219
+228,825
| +13% | +$6.62M |
|
79
Marcus & Millichap
MMI
$1.22B
| $53.5M | 0.17% |
2,012,763
+1,398,441
| +228% | +$36.8M |
|
80
Korn Ferry
KFY
$4.37B
| $50.2M | 0.16% |
797,438
+5,573
| +0.7% | +$360K |
|
81
Johnson & Johnson
JNJ
$651B
| $49.9M | 0.16% |
203,965
-41,986
| -17% | -$9.78M |
|
82
Associated Banc-Corp
ASB
$5.82B
| $49.7M | 0.16% |
1,922,982
+177,829
| +10% | +$4.73M |
|
83
Alphabet (Google) Class A
GOOGL
$4.22T
| $49.2M | 0.16% |
171,157
| – | – |
|
84
Regions Financial
RF
$25.9B
| $48.1M | 0.16% |
1,839,825
| – | – |
|
85
Koppers
KOP
$855M
| $46.8M | 0.15% |
1,209,376
+5,124
| +0.4% | +$171K |
|
86
Resideo Technologies
REZI
$3.08B
| $46.4M | 0.15% |
1,377,030
+4,405
| +0.3% | +$157K |
|
87
Bread Financial
BFH
$4.07B
| $46M | 0.15% |
613,673
-26,457
| -4% | -$1.95M |
|
88
Target
TGT
$75.1B
| $45.3M | 0.15% |
373,375
-865
| -0.2% | -$97.5K |
|
89
HCA Healthcare
HCA
$92.9B
| $44.6M | 0.14% |
94,261
-6,569
| -7% | -$3.31M |
|
90
Malibu Boats
MBUU
$579M
| $44M | 0.14% |
1,697,457
-24,500
| -1% | -$731K |
|
91
Varex Imaging
VREX
$780M
| $42.4M | 0.14% |
3,992,280
+2,916
| +0.1% | +$37.2K |
|
92
Shinhan Financial Group
SHG
$35B
| $42.4M | 0.14% |
690,651
-221,137
| -24% | -$13.6M |
|
93
MSC Industrial Direct
MSM
$6.69B
| $41M | 0.13% |
444,610
-56
| -0% | -$5.01K |
|
94
CBRE Group
CBRE
$44B
| $40.9M | 0.13% |
301,871
+5,831
| +2% | +$886K |
|
95
Envista
NVST
$4.37B
| $40.7M | 0.13% |
1,604,196
-721,663
| -31% | -$18.7M |
|
|
AEBI
96
Aebi Schmidt Holding AG
AEBI
$956M
| $39.9M | 0.13% |
4,110,850
-139,522
| -3% | -$1.91M |
|
97
Leidos
LDOS
$17.7B
| $38.6M | 0.13% |
247,937
+3,666
| +2% | +$658K |
|
98
Healthcare Realty
HR
$6.65B
| $37.8M | 0.12% |
2,225,430
-359
| -0% | -$6.3K |
|
99
HDFC Bank
HDB
$121B
| $37.8M | 0.12% |
1,519,501
+681,053
| +81% | +$21.2M |
|
100
General Dynamics
GD
$104B
| $36.9M | 0.12% |
107,467
-185,976
| -63% | -$66M |
|
Similar funds
Richard Pzena's Q1 2026 Portfolio in Review
As of Q1 2026, Richard Pzena held 166 positions worth $30.8B, down 7.8% from $33.4B the previous quarter. Its ten largest holdings account for 36% of the portfolio.
Richard Pzena withdrew a net $968M in Q1 2026, closing 8 positions and reducing 74 holdings. Its most notable exit was Comerica, an estimated $32.5M position sold in full.
By sector, the portfolio is most concentrated in Financials at 22% of assets, down from 25% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Richard Pzena opened a new position in Globant worth $137M.
- Richard Pzena's largest Q1 2026 buy was Globant: 2,968,828 shares worth $137M.
- Richard Pzena added most to Humana in Q1 2026, an estimated $287M increase.
- Richard Pzena's biggest Q1 2026 reduction was Dollar General, cutting an estimated $539M.
- Richard Pzena fully exited Comerica in Q1 2026, selling an estimated $32.5M.
- Richard Pzena's ten largest holdings make up 36% of its $30.8B portfolio in Q1 2026.
- Richard Pzena opened 9 new positions and closed 8 in Q1 2026.
- Richard Pzena's portfolio value fell 7.8% quarter-over-quarter to $30.8B.
Based on Pzena Investment Management's 13F filing for Q1 2026, filed 24 Apr 2026.