Pzena Investment Management 13F, Q1 2024
Richard Pzena · quarter ending 31 March 2024 · filed 3 May 2024 · SEC CIK 1027796
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q1 2024
The 25 largest of 159 positions. Weights are against the whole filed book. Changes are in shares held, against the Q4 2023 filing.
| Company | Ticker | Value | % of book | vs Q4 2023 |
|---|---|---|---|---|
| MAGNA INTL INC | MGA | $1.33B | 4.6% | +40% shares |
| COGNIZANT TECHNOLOGY SOLUTIO | CTSH | $1.22B | 4.2% | -4% shares |
| CAPITAL ONE FINL CORP | COF | $1.09B | 3.7% | -6% shares |
| DOW INC | DOW | $1.07B | 3.7% | unchanged |
| BAXTER INTL INC | BAX | $1.04B | 3.6% | unchanged |
| CITIGROUP INC | C | $1.03B | 3.5% | -3% shares |
| WELLS FARGO CO NEW | WFC | $992.80M | 3.4% | -5% shares |
| EQUITABLE HLDGS INC | EQH | $962.44M | 3.3% | -5% shares |
| EDISON INTL | EIX | $962.29M | 3.3% | +2% shares |
| SS&C TECHNOLOGIES HLDGS INC | SSNC | $934.59M | 3.2% | unchanged |
| LEAR CORP | LEA | $904.31M | 3.1% | unchanged |
| CHARTER COMMUNICATIONS INC N | CHTR | $827.85M | 2.8% | +97% shares |
| UBS GROUP AG | $823.06M | 2.8% | unchanged | |
| BANK AMERICA CORP | BAC | $813.98M | 2.8% | +5% shares |
| PVH CORPORATION | PVH | $750.78M | 2.6% | -16% shares |
| METLIFE INC | MET | $743.27M | 2.5% | unchanged |
| NOV INC | NOV | $684.62M | 2.4% | +13% shares |
| MEDTRONIC PLC | $668.37M | 2.3% | +2% shares | |
| BRISTOL-MYERS SQUIBB CO | BMY | $666.70M | 2.3% | +120% shares |
| TYSON FOODS INC | TSN | $619.60M | 2.1% | +79% shares |
| CVS HEALTH CORP | CVS | $442.94M | 1.5% | +574% shares |
| NEWELL BRANDS INC | NWL | $431.94M | 1.5% | unchanged |
| AVNET INC | AVT | $426.12M | 1.5% | unchanged |
| TE CONNECTIVITY LTD | $406.46M | 1.4% | +9% shares | |
| AMDOCS LTD | $384.50M | 1.3% | unchanged |
What changed since Q4 2023
Against the Q4 2023 filing, Pzena Investment Management opened 8 new positions, added to 41, trimmed 58, left 52 unchanged and exited 13. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
Exited
- JUNIPER NETWORKS INCwas $36.32M
- SKECHERS U S A INCwas $29.27M
- FLEX LTDwas $28.67M
- AMERICAN EQTY INVT LIFE HLDwas $28.09M
- ORCLwas $12.14M
- NATURA &CO HLDG S Awas $1.60M
- ACWXwas $980.4K
- DVAwas $598.9K
and 5 more
Other quarters
Source: SEC Form 13F-HR, accession 0001027796-24-000007, 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.