Pzena Investment Management

Richard Pzena

Latest filing · Q3 2026

Sold more than boughtFiled Oct 30, 2026 for holdings on Sep 30, 2026, 30 days after the quarter ended. The next one is due by Feb 14, 2027.

Stocks reported

$34.1B

as of Sep 30, 2026

Positions

159

top 100 shown below

Top 10 stocks

37.6%

of the money in stocks

Options

None

none reported

What changed in Q3 2026

compared with Q2 2026, by number of shares

New buys10

XOMExxonMobil0.3%
GEHCGE Healthcare Technology0.2%
ADIGAdi Global Distrib<0.1%
BLKBlackRock<0.1%
SANMSanmina<0.1%
JBLJabil<0.1%
REGNRegeneron Pharmaceuticals<0.1%
LHXL3harris Technologies<0.1%
and 2 more in the filing

Added to49

GLGlobe Life157% more
ACNAccenture17.8% more
SSNCSs&c Technologies18.6% more
MSFTMicrosoft31820% more
UHSUniversal Health Services32.4% more
CDWCdw27.1% more
TSNTyson Foods4.4% more
GLOBGlobant SA27.7% more
and 41 more in the filing

Trimmed90

UBSUBS Group Ag-Reg32.2% fewer
HUMHumana17.1% fewer
MGAMagna International11.1% fewer
SWKSSkyworks Solutions13.8% fewer
BMYBristol-Myers Squibb16.2% fewer
AVTAvnet44.8% fewer
CVSCVS Health12.5% fewer
CTSHCognizant Tech Solutions6.5% fewer
and 82 more in the filing

Exited12

CSCOCisco Systemswas 0.4%
Exxon Mobilwas 0.2%
MTArcelormittal-Ny Registeredwas <0.1%
ZBRAZebra Technologieswas <0.1%
MRKMerckwas <0.1%
HALOHalozyme Therapeuticswas <0.1%
TOSTToastwas <0.1%
ADSKAutodeskwas <0.1%
and 4 more in the filing

Portfolio

as of Sep 30, 2026 · source

#	Holding	Weight	Value	Shares	Vs last quarter	Held since
1	MGAMagna International Trimmed −11.1%	5.6%	$1.93B	21.2M	Trimmed −11.1%	Q4 2022
2	BAXBaxter International Trimmed −4.4%	4.4%	$1.50B	62.4M	Trimmed −4.4%	Q4 2014
3	CTSHCognizant Tech Solutions Trimmed −6.5%	4.2%	$1.43B	24.8M	Trimmed −6.5%	Q1 2015
4	HUMHumana Trimmed −17.1%	4.1%	$1.39B	3.6M	Trimmed −17.1%	Q4 2019
5	SWKSSkyworks Solutions Trimmed −13.8%	3.5%	$1.18B	13.8M	Trimmed −13.8%	Q1 2022
6	DGDollar General Trimmed −5.2%	3.4%	$1.16B	9.7M	Trimmed −5.2%	Q3 2016
7	CRBGCorebridge Financial Added +0.2%	3.3%	$1.12B	33.9M	Added +0.2%	Q3 2023
8	ACNAccenture Added +17.8%	3.3%	$1.11B	6.1M	Added +17.8%	Q3 2025
9	SSNCSs&c Technologies Added +18.6%	3.0%	$1.01B	13.1M	Added +18.6%	Q2 2018
10	METMetlife Trimmed −5.0%	2.9%	$995M	10.6M	Trimmed −5.0%	≤ Q2 2013
11	GPNGlobal Payments Trimmed −2.7%	2.7%	$929M	11.4M	Trimmed −2.7%	Q3 2023
12	TSNTyson Foods Added +4.4%	2.6%	$898M	17.8M	Added +4.4%	Q2 2020
13	BMYBristol-Myers Squibb Trimmed −16.2%	2.6%	$889M	14.2M	Trimmed −16.2%	Q3 2019
14	CVSCVS Health Trimmed −12.5%	2.6%	$882M	10.3M	Trimmed −12.5%	Q1 2015
15	COFCapital One Financial Trimmed −2.3%	2.5%	$866M	4.5M	Trimmed −2.3%	Q3 2016
16	DOXAmdocs Added +3.4%	2.4%	$827M	14.5M	Added +3.4%	Q4 2016
17	PPGPPG Industries Trimmed −0.4%	2.4%	$811M	7.8M	Trimmed −0.4%	Q1 2025
18	LEALear Trimmed −1.5%	2.3%	$772M	6.5M	Trimmed −1.5%	Q4 2018
19	WFCWells Fargo Added +0.3%	2.1%	$709M	8.9M	Added +0.3%	≤ Q2 2013
20	NOVNov Trimmed −0.9%	2.0%	$675M	36.0M	Trimmed −0.9%	Q1 2021

Show 80 more

21	CCitigroup Trimmed −7.0%	2.0%	$668M	5.2M	Trimmed −7.0%	≤ Q2 2013
22	UBSUBS Group Ag-Reg Trimmed −32.2%	1.8%	$617M	15.3M	Trimmed −32.2%	Q4 2014
23	GLGlobe Life Added +157%	1.7%	$576M	3.5M	Added +157%	Q3 2019
24	LKQLkq	1.5%	$515M	22.6M	No change	Q1 2025
25	UHSUniversal Health Services Added +32.4%	1.3%	$454M	2.6M	Added +32.4%	Q4 2023
26	PVHPvh Trimmed −2.6%	1.3%	$432M	5.8M	Trimmed −2.6%	Q1 2019
27	CDWCdw Added +27.1%	1.3%	$430M	3.4M	Added +27.1%	Q2 2015
28	FMSFresenius Medical Care Added +10.8%	1.1%	$372M	16.6M	Added +10.8%	Q3 2021
29	WDAYWorkday Trimmed −12.1%	1.0%	$330M	1.7M	Trimmed −12.1%	Q2 2026
30	DOWDow Trimmed −4.8%	1.0%	$328M	11.9M	Trimmed −4.8%	Q1 2020
31	VOYAVoya Financial Trimmed −2.9%	0.9%	$324M	3.4M	Trimmed −2.9%	Q2 2014
32	EQHEquitable Added +1.0%	0.8%	$288M	5.6M	Added +1.0%	Q1 2020
33	BACBank of America Trimmed −19.9%	0.8%	$275M	5.1M	Trimmed −19.9%	≤ Q2 2013
34	MDTMedtronic Trimmed −2.2%	0.8%	$266M	3.1M	Trimmed −2.2%	Q4 2016
35	KSPIJsc Kaspi.kz Trimmed −9.2%	0.8%	$262M	2.8M	Trimmed −9.2%	Q2 2024
36	BAPCredicorp Trimmed −20.4%	0.7%	$253M	666K	Trimmed −20.4%	Q3 2022
37	NWLNewell Brands Trimmed −2.6%	0.7%	$247M	46.7M	Trimmed −2.6%	Q2 2018
38	SHELShell Trimmed −2.6%	0.7%	$239M	2.5M	Trimmed −2.6%	Q1 2022
39	MICCMagnum Ice Cream Added +6.2%	0.6%	$220M	14.0M	Added +6.2%	Q1 2026
40	RHIRobert Half Trimmed −13.1%	0.6%	$199M	5.4M	Trimmed −13.1%	Q1 2020
41	AAPAdvance Auto Parts Added +13.6%	0.6%	$194M	5.0M	Added +13.6%	Q3 2023
42	DALDelta Air Lines Trimmed −14.2%	0.6%	$188M	2.2M	Trimmed −14.2%	Q3 2024
43	SPBSpectrum Brands Trimmed −7.3%	0.5%	$178M	2.2M	Trimmed −7.3%	Q1 2019
44	BEKEKE Holdings Added +17.1%	0.5%	$175M	10.4M	Added +17.1%	Q2 2026
45	PFEPfizer Added +1.5%	0.5%	$173M	6.1M	Added +1.5%	Q4 2014
46	AVTAvnet Trimmed −44.8%	0.5%	$172M	1.7M	Trimmed −44.8%	≤ Q2 2013
47	GLOBGlobant SA Added +27.7%	0.5%	$171M	4.9M	Added +27.7%	Q1 2026
48	KTKt Added +4.4%	0.4%	$144M	7.6M	Added +4.4%	Q1 2026
49	CIThe Cigna Trimmed −6.2%	0.4%	$143M	527K	Trimmed −6.2%	Q4 2018
50	MHKMohawk Industries Trimmed −3.3%	0.4%	$138M	1.1M	Trimmed −3.3%	Q1 2019
51	HALHalliburton Trimmed −0.1%	0.4%	$125M	3.9M	Trimmed −0.1%	Q3 2013
52	MSFTMicrosoft Added +31,820%	0.4%	$124M	241K	Added +31,820%	≤ Q2 2013
53	GGenpact Added +10.9%	0.4%	$120M	3.7M	Added +10.9%	Q1 2015
54	MBCMasterbrand Added +11.1%	0.3%	$119M	17.0M	Added +11.1%	Q4 2022
55	JPMJPMorgan Chase Added +2.1%	0.3%	$113M	341K	Added +2.1%	≤ Q2 2013
56	CNOCno Financial Group Trimmed −15.5%	0.3%	$109M	2.1M	Trimmed −15.5%	Q1 2019
57	ZTOZto Express Cayman Trimmed −23.9%	0.3%	$108M	5.6M	Trimmed −23.9%	Q3 2023
58	DISWalt Disney Added +16.4%	0.3%	$108M	1.0M	Added +16.4%	Q3 2023
59	TELTE Connectivity Trimmed −12.7%	0.3%	$102M	485K	Trimmed −12.7%	Q3 2024
60	STSensata Technologies Holdplc Trimmed −2.5%	0.3%	$91.2M	2.2M	Trimmed −2.5%	Q3 2025
61	XOMExxonMobil New	0.3%	$90.7M	557K	New	Q3 2026
62	ELVElevance Health Added +3.8%	0.3%	$90.6M	233K	Added +3.8%	Q1 2019
63	ABMAbm Industries Added +4.0%	0.3%	$90.5M	1.9M	Added +4.0%	Q2 2024
64	CNXCConcentrix Trimmed −0.2%	0.2%	$85.0M	3.4M	Trimmed −0.2%	Q4 2023
65	GEHCGE Healthcare Technology New	0.2%	$82.1M	1.3M	New	Q1 2023
66	FITBFifth Third Bancorp Trimmed −0.6%	0.2%	$79.7M	1.6M	Trimmed −0.6%	≤ Q2 2013
67	GPCGenuine Parts Trimmed −0.1%	0.2%	$74.3M	591K	Trimmed −0.1%	Q1 2025
68	TFXTeleflex Trimmed −3.9%	0.2%	$72.5M	580K	Trimmed −3.9%	Q2 2025
69	ARCOArcos Dorados Holdings Trimmed −6.4%	0.2%	$72.3M	10.1M	Trimmed −6.4%	Q2 2025
70	HSICHenry Schein Trimmed −1.6%	0.2%	$71.1M	847K	Trimmed −1.6%	Q1 2022
71	STZConstellation Brands Added +4.2%	0.2%	$70.6M	624K	Added +4.2%	Q4 2025
72	ONBOld National Bancorp Trimmed −3.5%	0.2%	$67.6M	2.7M	Trimmed −3.5%	Q1 2022
73	REZIResideo Technologies Added +119%	0.2%	$67.2M	3.7M	Added +119%	Q1 2023
74	WSFSWsfs Financial Trimmed −2.7%	0.2%	$65.3M	865K	Trimmed −2.7%	≤ Q2 2013
75	ADNTAdient Trimmed −0.9%	0.2%	$62.9M	3.7M	Trimmed −0.9%	Q3 2022
76	OLNOlin Added +2.0%	0.2%	$61.5M	4.0M	Added +2.0%	Q4 2019
77	MMIMarcus & Millichap Trimmed −1.8%	0.2%	$59.8M	2.1M	Trimmed −1.8%	Q3 2023
78	KFYKorn Ferry Trimmed −3.8%	0.2%	$59.7M	835K	Trimmed −3.8%	Q4 2023
79	COLBColumbia Banking System Trimmed −2.1%	0.2%	$59.6M	2.1M	Trimmed −2.1%	Q1 2023
80	MLKNMillerknoll Trimmed −4.3%	0.2%	$57.0M	2.9M	Trimmed −4.3%	≤ Q2 2013
81	ASBAssociated Banc-Corp Trimmed −2.1%	0.2%	$55.8M	1.9M	Trimmed −2.1%	Q1 2014
82	SCSCScansource Trimmed −15.2%	0.2%	$55.3M	941K	Trimmed −15.2%	Q1 2016
83	TGTTarget Trimmed −7.0%	0.2%	$54.4M	347K	Trimmed −7.0%	Q1 2025
84	PLOWDouglas Dynamics Trimmed −1.3%	0.2%	$53.6M	1.4M	Trimmed −1.3%	Q2 2024
85	OSKOshkosh Trimmed −1.1%	0.2%	$53.0M	411K	Trimmed −1.1%	Q2 2025
86	RFRegions Financial	0.1%	$49.5M	1.8M	No change	≤ Q2 2013
87	AEBIAebi Schmidt Trimmed −0.7%	0.1%	$45.4M	4.3M	Trimmed −0.7%	Q3 2025
88	WGOWinnebago Industries Trimmed −1.4%	0.1%	$44.5M	1.7M	Trimmed −1.4%	Q4 2025
89	DNOWDnow Trimmed −4.0%	0.1%	$43.0M	2.8M	Trimmed −4.0%	Q4 2025
90	HCAHCA Healthcare Added +3.2%	0.1%	$42.5M	100K	Added +3.2%	Q1 2025
91	HUNHuntsman Trimmed −2.4%	0.1%	$42.3M	5.0M	Trimmed −2.4%	Q3 2024
92	KOPKoppers Trimmed −12.7%	0.1%	$42.2M	927K	Trimmed −12.7%	Q3 2022
93	HVTHaverty Furniture Trimmed −2.8%	0.1%	$42.1M	1.5M	Trimmed −2.8%	Q3 2024
94	MBUUMalibu Boats Trimmed −0.7%	0.1%	$40.8M	1.8M	Trimmed −0.7%	Q2 2024
95	CBRECBRE Group Added +1.8%	0.1%	$40.0M	311K	Added +1.8%	Q3 2018
96	HRHealthcare Realty Trust	0.1%	$39.5M	2.2M	No change	Q3 2024
97	MSMorgan Stanley Trimmed −54.0%	0.1%	$39.3M	209K	Trimmed −54.0%	≤ Q2 2013
98	HDBHDFC Bank Added +8.7%	0.1%	$39.2M	1.8M	Added +8.7%	Q4 2023
99	GDGeneral Dynamics Added +2.0%	0.1%	$36.7M	111K	Added +2.0%	≤ Q2 2013
100	GCOGenesco Trimmed −3.2%	0.1%	$36.3M	1.1M	Trimmed −3.2%	Q3 2023

Values at quarter end, not today's prices. Largest 100 of 159 positions shown.

Filing history

54 quarters since Q2 2013

Quarter	Filed	Lag	Stocks	Positions	Filing
Q3 2026	Oct 30, 2026	30d	$34.1B	159	EDGAR
Q2 2026	Aug 7, 2026	38d	$34.1B	161	EDGAR
Q1 2026	Apr 24, 2026	24d	$30.8B	158	EDGAR
Q4 2025	Feb 6, 2026	37d	$33.4B	157	EDGAR
Q3 2025	Nov 7, 2025	38d	$30.9B	154	EDGAR
Q2 2025	Jul 25, 2025	25d	$30.8B	152	EDGAR
Q1 2025	May 2, 2025	32d	$28.6B	146	EDGAR
Q4 2024	Feb 7, 2025	38d	$29.4B	152	EDGAR
Q3 2024	Nov 8, 2024	39d	$31.0B	157	EDGAR
Q2 2024	Aug 2, 2024	33d	$28.4B	160	EDGAR
Q1 2024	May 3, 2024	33d	$29.1B	159	EDGAR
Q4 2023	Feb 9, 2024	40d	$26.6B	164	EDGAR
Q3 2023	Nov 9, 2023	40d	$23.3B	160	EDGAR
Q2 2023	Aug 4, 2023	35d	$23.4B	161	EDGAR
Q1 2023	May 12, 2023	42d	$23.2B	163	EDGAR
Q4 2022	Feb 3, 2023	34d	$22.6B	180	EDGAR
Q3 2022	Nov 4, 2022 *	35d	$20.1B	175	EDGAR
Q2 2022	Aug 5, 2022	36d	$22.3B	168	EDGAR
Q1 2022	May 6, 2022	36d	$26.5B	177	EDGAR
Q4 2021	Feb 4, 2022	35d	$26.5B	174	EDGAR
Q3 2021	Nov 5, 2021	36d	$25.3B	168	EDGAR
Q2 2021	Aug 6, 2021	37d	$25.7B	165	EDGAR
Q1 2021	May 7, 2021	37d	$24.6B	170	EDGAR
Q4 2020	Feb 5, 2021	36d	$21.2B	166	EDGAR
Q3 2020	Oct 30, 2020	30d	$16.0B	167	EDGAR
Q2 2020	Jul 31, 2020	31d	$15.3B	169	EDGAR
Q1 2020	May 1, 2020	31d	$13.2B	165	EDGAR
Q4 2019	Feb 7, 2020	38d	$21.4B	174	EDGAR
Q3 2019	Nov 1, 2019	32d	$18.4B	175	EDGAR
Q2 2019	Aug 2, 2019	33d	$19.0B	172	EDGAR
Q1 2019	May 3, 2019	33d	$18.4B	171	EDGAR
Q4 2018	Feb 8, 2019	39d	$17.1B	183	EDGAR
Q3 2018	Nov 9, 2018	40d	$20.6B	183	EDGAR
Q2 2018	Aug 3, 2018	34d	$19.9B	161	EDGAR
Q1 2018	May 4, 2018	34d	$19.7B	157	EDGAR
Q4 2017	Feb 9, 2018	40d	$20.4B	156	EDGAR
Q3 2017	Nov 3, 2017	34d	$18.9B	151	EDGAR
Q2 2017	Aug 4, 2017	35d	$18.3B	152	EDGAR
Q1 2017	May 5, 2017	35d	$17.7B	155	EDGAR
Q4 2016	Feb 10, 2017	41d	$17.5B	157	EDGAR
Q3 2016	Nov 4, 2016	35d	$16.4B	152	EDGAR
Q2 2016	Aug 5, 2016	36d	$16.0B	144	EDGAR
Q1 2016	May 6, 2016	36d	$16.3B	152	EDGAR
Q4 2015	Feb 5, 2016	36d	$16.2B	150	EDGAR
Q3 2015	Nov 6, 2015	37d	$15.7B	148	EDGAR
Q2 2015	Aug 7, 2015	38d	$17.7B	151	EDGAR
Q1 2015	May 8, 2015	38d	$18.0B	151	EDGAR
Q4 2014	Feb 6, 2015	37d	$18.7B	141	EDGAR
Q3 2014	Nov 7, 2014	38d	$18.3B	144	EDGAR
Q2 2014	Aug 8, 2014	39d	$18.0B	140	EDGAR
Q1 2014	May 9, 2014	39d	$17.4B	146	EDGAR
Q4 2013	Feb 7, 2014	38d	$17.1B	130	EDGAR
Q3 2013	Nov 8, 2013	39d	$15.5B	130	EDGAR
Q2 2013	Aug 9, 2013	40d	$15.0B	122	EDGAR

They usually file 36 days after the quarter ends. * amended later.

Earlier filings, quarter by quarter

Oct 30
NewXOM0.3% of the bookNewGEHC0.2% of the bookNewADIG<0.1% of the bookNewBLK<0.1% of the bookAddedGL157% more sharesAddedACN17.8% more shares
Holdings as of Sep 30 (Q3 2026), filed 30 days later (the report at the SEC)
Aug 7
NewWDAY0.7% of the bookNewBEKE0.4% of the bookNewSAP<0.1% of the bookNewZBRA<0.1% of the bookAddedDG48.2% more sharesAddedACN114% more shares
Holdings as of Jun 30 (Q2 2026), filed 38 days later (the report at the SEC)
Apr 24
NewKT0.5% of the bookNewGLOB0.4% of the bookNewCDW0.4% of the bookNewMICC0.3% of the bookAddedHUM34.4% more sharesAddedACN84.0% more shares
Holdings as of Mar 31 (Q1 2026), filed 24 days later (the report at the SEC)
Feb 6
NewSTZ0.2% of the bookNewKNX0.2% of the bookNewDNOW0.2% of the bookNewGOOGL0.2% of the bookAddedPPG306% more sharesAddedDOX82.6% more shares
Holdings as of Dec 31 (Q4 2025), filed 37 days later (the report at the SEC)
Nov 7
NewACN0.3% of the bookNewAEBI0.2% of the bookNewSOLV0.1% of the bookNewST0.1% of the bookAddedBAX45.9% more sharesAddedUHS310% more shares
Holdings as of Sep 30 (Q3 2025), filed 38 days later (the report at the SEC)
Jul 25
NewWns Hldgs Ltd0.3% of the bookNewOSK0.2% of the bookNewARCO0.2% of the bookNewTFX0.1% of the bookAddedCRBG133% more sharesAddedSWKS57.3% more shares
Holdings as of Jun 30 (Q2 2025), filed 25 days later (the report at the SEC)

About Pzena Investment Management: Deep value in large, out-of-favour companies. A 13F is up to 45 days old when filed and shows long US stock positions only. Not investment advice.