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 |
Amdocs
DOX
|
+$312M |
| 2 |
Edison International
EIX
|
+$308M |
| 3 |
SKX
Skechers
SKX
|
+$147M |
| 4 |
Wabtec
WAB
|
+$130M |
| 5 |
Cognizant
CTSH
|
+$124M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ford
F
|
+$136M |
| 2 |
Morgan Stanley
MS
|
+$127M |
| 3 |
Viatris
VTRS
|
+$91.6M |
| 4 |
TechnipFMC
FTI
|
+$83.3M |
| 5 |
Avis
CAR
|
+$73.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 29.53% |
| 2 | Consumer Discretionary | 14.61% |
| 3 | Industrials | 14.11% |
| 4 | Technology | 12.78% |
| 5 | Energy | 10.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Allstate
ALL
$64.2B
| – | – |
-4,692
| Closed | -$516K |
|
152
AutoZone
AZO
$48.3B
| – | – |
-449
| Closed | -$532K |
|
153
Consolidated Edison
ED
$39.3B
| – | – |
-8,458
| Closed | -$611K |
|
154
Exelixis
EXEL
$13.4B
| – | – |
-28,377
| Closed | -$570K |
|
|
HOUS
155
DELISTED
Anywhere Real Estate
HOUS
| – | – |
-3,154,462
| Closed | -$41.4M |
|
156
iShares Russell 1000 Value ETF
IWD
$84.2B
| – | – |
-9,630
| Closed | -$1.32M |
|
157
State Street SPDR S&P Regional Banking ETF
KRE
$4.5B
| – | – |
-86,156
| Closed | -$4.48M |
|
158
NewMarket
NEU
$8.62B
| – | – |
-1,355
| Closed | -$540K |
|
159
VanEck Oil Services ETF
OIH
$1.95B
| – | – |
-10,789
| Closed | -$1.66M |
|
160
RenaissanceRe
RNR
$13.4B
| – | – |
-2,077
| Closed | -$344K |
|
161
SLB Ltd
SLB
$79.9B
| – | – |
-95,421
| Closed | -$2.08M |
|
162
United Therapeutics
UTHR
$22B
| – | – |
-4,289
| Closed | -$651K |
|
|
CHL
163
DELISTED
China Mobile Limited
CHL
| – | – |
-32,142
| Closed | -$917K |
|
Similar funds
Richard Pzena's Q1 2021 Portfolio in Review
As of Q1 2021, Richard Pzena held 183 positions worth $24.6B, up 16% from $21.2B the previous quarter. Its ten largest holdings account for 33% of the portfolio.
Richard Pzena's Q1 2021 filing shows 17 new, 70 increased, 68 reduced and 13 closed positions. Its largest new stake was Skechers: 3,891,341 shares worth $162M. The largest sale was Ford, an estimated $136M.
By sector, the portfolio is most concentrated in Financials at 30% of assets, up from 29% a quarter earlier, followed by Consumer Discretionary and Industrials.
- Richard Pzena's largest Q1 2021 buy was Skechers: 3,891,341 shares worth $162M.
- Richard Pzena added most to Amdocs in Q1 2021, an estimated $312M increase.
- Richard Pzena's biggest Q1 2021 reduction was Ford, cutting an estimated $136M.
- Richard Pzena fully exited Anywhere Real Estate in Q1 2021, selling an estimated $41.4M.
- Richard Pzena's ten largest holdings make up 33% of its $24.6B portfolio in Q1 2021.
- Richard Pzena opened 17 new positions and closed 13 in Q1 2021.
- Richard Pzena's portfolio value rose 16% quarter-over-quarter to $24.6B.
Based on Pzena Investment Management's 13F filing for Q1 2021, filed 7 May 2021.