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 | |
|---|---|---|---|---|---|---|
101
DNOW Inc
DNOW
$2.83B
| $36.9M | 0.12% |
3,095,315
-1,065,814
| -26% | -$14.4M |
|
102
American International
AIG
$39.8B
| $33.8M | 0.11% |
449,749
+9,418
| +2% | +$720K |
|
103
KeyCorp
KEY
$23.3B
| $33.3M | 0.11% |
1,658,905
+14,336
| +0.9% | +$300K |
|
104
Scansource
SCSC
$1.1B
| $33.2M | 0.11% |
913,239
+5,783
| +0.6% | +$221K |
|
105
MasterBrand
MBC
$1.85B
| $31.7M | 0.1% |
3,814,014
+28,093
| +0.7% | +$304K |
|
106
Genesco
GCO
$390M
| $31.3M | 0.1% |
1,080,582
-163,114
| -13% | -$4.69M |
|
|
WCC
107
WESCO International
WCC
$17B
| $31.1M | 0.1% |
113,581
-36
| -0% | -$10.1K |
|
108
Haverty Furniture Companies
HVT
$427M
| $30.9M | 0.1% |
1,460,148
+1,689
| +0.1% | +$41.1K |
|
109
Winnebago Industries
WGO
$898M
| $30.8M | 0.1% |
993,294
+64,332
| +7% | +$2.68M |
|
110
Arrow Electronics
ARW
$10.7B
| $30.3M | 0.1% |
211,048
-58
| -0% | -$7.95K |
|
111
Orion
OEC
$346M
| $29.9M | 0.1% |
4,599,907
+17,311
| +0.4% | +$102K |
|
112
Univest Financial
UVSP
$1.15B
| $28.9M | 0.09% |
842,425
-13,810
| -2% | -$467K |
|
113
MillerKnoll
MLKN
$1.57B
| $28.9M | 0.09% |
+1,995,737
| New | +$39.2M |
|
114
Solventum
SOLV
$15.2B
| $28.7M | 0.09% |
439,918
+4,608
| +1% | +$342K |
|
|
WBS
115
DELISTED
Webster Financial
WBS
| $28.4M | 0.09% |
409,207
-1,243,364
| -75% | -$85.1M |
|
116
Genpact
G
$6.24B
| $27.3M | 0.09% |
732,054
-88
| -0% | -$3.63K |
|
117
Myers Industries
MYE
$1.26B
| $27.2M | 0.09% |
1,284,585
-17,724
| -1% | -$373K |
|
118
Diamondrock Hospitality Co
DRH
$2.62B
| $26.6M | 0.09% |
2,834,579
-2,481,976
| -47% | -$23.7M |
|
119
Usana Health Sciences
USNA
$250M
| $19.4M | 0.06% |
1,108,933
-25,496
| -2% | -$506K |
|
120
Hooker Furnishings Corp
HOFT
$155M
| $17.8M | 0.06% |
1,378,725
-3,965
| -0.3% | -$52.1K |
|
121
Universal Corp
UVV
$1.12B
| $17.4M | 0.06% |
329,488
+1,810
| +0.6% | +$97.4K |
|
122
Ambev
ABEV
$44.4B
| $13.8M | 0.04% |
4,717,328
+295,709
| +7% | +$845K |
|
|
TBI
123
Trueblue
TBI
$323M
| $11.2M | 0.04% |
2,871,630
+7,021
| +0.2% | +$31.2K |
|
124
Helen of Troy
HELE
$677M
| $11M | 0.04% |
761,173
-186,395
| -20% | -$3.26M |
|
125
ManpowerGroup
MAN
$2.86B
| $10.3M | 0.03% |
351,121
| – | – |
|
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.