Pzena Investment Management 13F, Q4 2023
Richard Pzena · quarter ending 31 December 2023 · filed 9 February 2024 · SEC CIK 1027796
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q4 2023
The 25 largest of 164 positions. Weights are against the whole filed book. Changes are in shares held, against the Q3 2023 filing.
| Company | Ticker | Value | % of book | vs Q3 2023 |
|---|---|---|---|---|
| COGNIZANT TECHNOLOGY SOLUTIO | CTSH | $1.31B | 4.9% | unchanged |
| DOW INC | DOW | $1.02B | 3.8% | unchanged |
| CAPITAL ONE FINL CORP | COF | $1.02B | 3.8% | unchanged |
| MAGNA INTL INC | MGA | $1.01B | 3.8% | +31% shares |
| EDISON INTL | EIX | $950.79M | 3.6% | unchanged |
| BAXTER INTL INC | BAX | $938.28M | 3.5% | +324% shares |
| EQUITABLE HLDGS INC | EQH | $884.72M | 3.3% | unchanged |
| WELLS FARGO CO NEW | WFC | $884.57M | 3.3% | unchanged |
| SS&C TECHNOLOGIES HLDGS INC | SSNC | $884.44M | 3.3% | unchanged |
| LEAR CORP | LEA | $883.11M | 3.3% | -4% shares |
| CITIGROUP INC | C | $866.80M | 3.3% | unchanged |
| UBS GROUP AG | $786.79M | 3.0% | +393% shares | |
| PVH CORPORATION | PVH | $774.93M | 2.9% | -9% shares |
| BANK AMERICA CORP | BAC | $690.60M | 2.6% | +6% shares |
| METLIFE INC | MET | $668.75M | 2.5% | unchanged |
| NOV INC | NOV | $631.24M | 2.4% | -10% shares |
| MEDTRONIC PLC | $617.90M | 2.3% | +31% shares | |
| WABTEC | WAB | $577.55M | 2.2% | -39% shares |
| CHARTER COMMUNICATIONS INC N | CHTR | $563.36M | 2.1% | unchanged |
| NEWELL BRANDS INC | NWL | $469.56M | 1.8% | unchanged |
| AVNET INC | AVT | $435.09M | 1.6% | unchanged |
| AMDOCS LTD | $372.61M | 1.4% | +5% shares | |
| TE CONNECTIVITY LTD | $359.70M | 1.4% | +9% shares | |
| FRESENIUS MEDICAL CARE AG | FMS | $338.85M | 1.3% | unchanged |
| GILDAN ACTIVEWEAR INC | GIL | $317.45M | 1.2% | -13% shares |
What changed since Q3 2023
Against the Q3 2023 filing, Pzena Investment Management opened 13 new positions, added to 28, trimmed 70, left 53 unchanged and exited 9. 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
- BKNGwas $210.60M
- HPEwas $71.08M
- AMGNwas $63.23M
- TEXwas $25.64M
- ARGO GROUP INTERNATIONAL HOLDINGS LTD.was $15.02M
- VZwas $7.47M
- CELESTICA INC.was $5.29M
- DBXwas $462.9K
and 1 more
Other quarters
Source: SEC Form 13F-HR, accession 0001027796-24-000004, 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.