Pzena Investment Management 13F, Q3 2023
Richard Pzena · quarter ending 30 September 2023 · filed 9 November 2023 · SEC CIK 1027796
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q3 2023
The 25 largest of 160 positions. Weights are against the whole filed book. Changes are in shares held, against the Q2 2023 filing.
| Company | Ticker | Value | % of book | vs Q2 2023 |
|---|---|---|---|---|
| COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION CLASS A | CTSH | $1.18B | 5.1% | unchanged |
| DOW INC. | DOW | $939.97M | 4.0% | +23% shares |
| LEAR CORPORATION | LEA | $874.36M | 3.8% | unchanged |
| EDISON INTERNATIONAL | EIX | $842.83M | 3.6% | unchanged |
| WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION | WAB | $796.82M | 3.4% | unchanged |
| EQUITABLE HOLDINGS INC. | EQH | $763.76M | 3.3% | +10% shares |
| SS&C TECHNOLOGIES HOLDINGS INC. | SSNC | $747.62M | 3.2% | unchanged |
| WELLS FARGO & COMPANY | WFC | $746.48M | 3.2% | unchanged |
| CAPITAL ONE FINANCIAL CORPORATION | COF | $740.20M | 3.2% | +8% shares |
| NOV INC | NOV | $723.43M | 3.1% | -6% shares |
| CITIGROUP INC. | C | $683.89M | 2.9% | +3% shares |
| CHARTER COMMUNICATIONS INC. CLASS A | CHTR | $641.76M | 2.8% | +21% shares |
| METLIFE INC. | MET | $635.96M | 2.7% | +118% shares |
| PVH CORP. | PVH | $533.33M | 2.3% | unchanged |
| BANK OF AMERICA CORP | BAC | $532.00M | 2.3% | +29% shares |
| MAGNA INTERNATIONAL INC. | MGA | $525.97M | 2.3% | +58% shares |
| GENERAL ELECTRIC COMPANY | GE | $519.06M | 2.2% | -30% shares |
| NEWELL BRANDS INC | NWL | $494.81M | 2.1% | +5% shares |
| MEDTRONIC PLC | $449.05M | 1.9% | +113% shares | |
| AVNET INC. | AVT | $420.71M | 1.8% | unchanged |
| FRESENIUS MEDICAL CARE AG & CO. KGAA SPON ADR | FMS | $350.86M | 1.5% | -2% shares |
| AMDOCS LIMITED | $341.67M | 1.5% | -13% shares | |
| GILDAN ACTIVEWEAR INC. | GIL | $308.01M | 1.3% | unchanged |
| TE CONNECTIVITY LTD. | $291.11M | 1.3% | unchanged | |
| BRISTOL-MYERS SQUIBB COMPANY | BMY | $285.80M | 1.2% | +14% shares |
What changed since Q2 2023
Against the Q2 2023 filing, Pzena Investment Management opened 13 new positions, added to 32, trimmed 44, left 71 unchanged and exited 14. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
and 5 more
Exited
- GEHCwas $209.04M
- EPACwas $31.74M
- HOPEwas $17.02M
- SNAwas $16.19M
- KNFwas $8.65M
- STANDARD CHARTERED PLC UNSPON ADRwas $4.21M
- PKXwas $2.79M
- WILMAR INTERNATIONAL LIMITED UNSPON ADRwas $2.49M
and 6 more
Other quarters
Source: SEC Form 13F-HR, accession 0001140361-23-052439, filed by PZENA INVESTMENT MANAGEMENT LLC. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.