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 |
Corebridge Financial
CRBG
|
+$332M |
| 2 |
Skyworks Solutions
SWKS
|
+$297M |
| 3 |
Global Payments
GPN
|
+$215M |
| 4 |
WNS
WNS Holdings
WNS
|
+$99.6M |
| 5 |
Baxter International
BAX
|
+$77.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dollar General
DG
|
+$91.5M |
| 2 |
Equitable Holdings
EQH
|
+$85.4M |
| 3 |
JELD-WEN Holding
JELD
|
+$61.6M |
| 4 |
CVS Health
CVS
|
+$61.3M |
| 5 |
Nokia
NOK
|
+$60.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 24.69% |
| 2 | Healthcare | 19.45% |
| 3 | Technology | 17.94% |
| 4 | Consumer Discretionary | 12.3% |
| 5 | Consumer Staples | 8.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Magna International
MGA
$19.5B
| $1.55B | 5.05% |
29,502,929
+1,051,882
| +4% | +$37.1M |
|
2
Cognizant
CTSH
$27.9B
| $1.36B | 4.43% |
17,450,691
+375,619
| +2% | +$28.8M |
|
|
3
Dollar General
DG
$27.2B
| $1.36B | 4.41% |
11,848,938
-921,604
| -7% | -$91.5M |
|
|
4
Baxter International
BAX
$13.6B
| $1.19B | 3.87% |
39,336,485
+2,563,919
| +7% | +$77.7M |
|
5
Citigroup
C
$221B
| $1.16B | 3.76% |
13,574,700
+242,560
| +2% | +$17.5M |
|
|
6
CVS Health
CVS
$119B
| $1.16B | 3.76% |
16,746,853
-935,521
| -5% | -$61.3M |
|
7
Capital One
COF
$134B
| $1.15B | 3.75% |
5,421,535
-144,577
| -3% | -$27M |
|
8
Charter Communications
CHTR
$17.9B
| $1.08B | 3.52% |
2,650,032
-133,435
| -5% | -$51.1M |
|
9
Humana
HUM
$45.5B
| $997M | 3.24% |
4,076,667
+247,744
| +6% | +$61.8M |
|
|
10
Skyworks Solutions
SWKS
$10.1B
| $910M | 2.96% |
12,207,643
+4,444,747
| +57% | +$297M |
|
|
11
Global Payments
GPN
$24.7B
| $884M | 2.88% |
11,050,253
+2,716,156
| +33% | +$215M |
|
12
SS&C Technologies
SSNC
$19.5B
| $866M | 2.82% |
10,460,579
+37,134
| +0.4% | +$2.92M |
|
13
Wells Fargo
WFC
$254B
| $831M | 2.7% |
10,371,812
+542,493
| +6% | +$39.1M |
|
14
UBS Group
UBS
$163B
| $830M | 2.7% |
30,902,392
+1,551,567
| +5% | +$48M |
|
15
Medtronic
MDT
$119B
| $772M | 2.51% |
8,855,291
+469,069
| +6% | +$39.8M |
|
16
Tyson Foods
TSN
$20.6B
| $767M | 2.49% |
13,708,700
+444,648
| +3% | +$25.6M |
|
17
MetLife
MET
$60B
| $735M | 2.39% |
9,144,635
+585,671
| +7% | +$45.2M |
|
18
Lear
LEA
$8.56B
| $722M | 2.35% |
7,602,991
-61,809
| -0.8% | -$5.43M |
|
19
Dow Inc
DOW
$23.4B
| $717M | 2.33% |
27,091,238
+2,134,253
| +9% | +$62.1M |
|
20
Bristol-Myers Squibb
BMY
$137B
| $687M | 2.23% |
14,843,475
+1,384,649
| +10% | +$68M |
|
|
21
Corebridge Financial
CRBG
$14.2B
| $665M | 2.16% |
18,723,701
+10,673,099
| +133% | +$332M |
|
22
Amdocs
DOX
$6.41B
| $598M | 1.94% |
6,551,065
+132,463
| +2% | +$11.8M |
|
23
NOV
NOV
$7.28B
| $531M | 1.73% |
42,708,890
+1,144,486
| +3% | +$14.4M |
|
24
PVH
PVH
$3.62B
| $440M | 1.43% |
6,407,637
+246,070
| +4% | +$17.9M |
|
25
Fresenius Medical Care
FMS
$12.5B
| $419M | 1.36% |
14,662,982
-714,108
| -5% | -$19.2M |
|
Similar funds
Richard Pzena's Q2 2025 Portfolio in Review
As of Q2 2025, Richard Pzena held 158 positions worth $30.8B, up 7.4% from $28.6B the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Richard Pzena deployed $1.53B of net new capital in Q2 2025, opening 12 new positions and adding to 92 existing holdings. Its largest new stake was WNS Holdings: 1,662,463 shares worth $105M.
By sector, the portfolio is most concentrated in Financials at 25% of assets, up from 23% a quarter earlier, followed by Healthcare and Technology.
On the sell side, the largest reduction was Dollar General, an estimated $91.5M trimmed.
- Richard Pzena's largest Q2 2025 buy was WNS Holdings: 1,662,463 shares worth $105M.
- Richard Pzena added most to Corebridge Financial in Q2 2025, an estimated $332M increase.
- Richard Pzena's biggest Q2 2025 reduction was Dollar General, cutting an estimated $91.5M.
- Richard Pzena fully exited JELD-WEN Holding in Q2 2025, selling an estimated $61.6M.
- Richard Pzena's ten largest holdings make up 39% of its $30.8B portfolio in Q2 2025.
- Richard Pzena opened 12 new positions and closed 6 in Q2 2025.
- Richard Pzena's portfolio value rose 7.4% quarter-over-quarter to $30.8B.
Based on Pzena Investment Management's 13F filing for Q2 2025, filed 25 Jul 2025.