1y return+12.9%S&P 500 +20.9%
3y return+30.6%S&P 500 +68.5%
5y return+36.6%S&P 500 +74.5%
10y return+129.2%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $229 against $357 in the S&P 500.2
Pzena Investment Management LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| MGAMagna Intl Inc | $2.2B | 6.5% | −5.7% |
| HUMHumana Inc | $1.7B | 5.1% | −19.5% |
| BAXBaxter Intl Inc | $1.4B | 4.1% | +1.2% |
| CVSCvs Health Corp | $1.2B | 3.6% | −14.5% |
| DGDollar Gen Corp | $1.2B | 3.5% | +48.2% |
| SWKSSkyworks Solutions Inc | $1.1B | 3.2% | |
| CTSHCognizant Technology Solutio | $1.0B | 3.0% | +30.9% |
| BMYBristol-myers Squibb Co | $979.9M | 2.9% | |
| TSNTyson Foods Inc | $974.2M | 2.9% | |
| CRBGCorebridge Finl Inc | $967.4M | 2.8% | +24.9% |
| PPGPpg Inds Inc | $947.0M | 2.8% | +4.4% |
| METMetlife Inc | $941.8M | 2.8% | −1.5% |
| COFCapital One Finl Corp | $921.6M | 2.7% | |
| Ubs Group AgCUSIP H42097107 | $905.5M | 2.7% | −14.8% |
| LEALear Corp | $889.9M | 2.6% | −1.8% |
| GPNGlobal Pmts Inc | $848.3M | 2.5% | |
| CCitigroup Inc | $776.6M | 2.3% | −32.1% |
| WFCWells Fargo & Co | $729.5M | 2.1% | |
| Amdocs LtdCUSIP G02602103 | $706.8M | 2.1% | +10.3% |
| SSNCSs&c Tech Hldgs | $684.8M | 2.0% | +13.8% |
| NOVNov Inc | $674.8M | 2.0% | −3.1% |
| Accenture PLC IrelandCUSIP G1151C101 | $639.9M | 1.9% | +113.8% |
| PVHPvh Corporation | $444.6M | 1.3% | +3.8% |
| LKQLkq Corp | $398.7M | 1.2% | +142.9% |
| CDWCdw Corp | $371.1M | 1.1% | +136.6% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| Ubs Group AgCUSIP H42097107 | June 30, 2020 | +329.5% | $905.5M |
| WFCWells Fargo & Co | June 30, 2020 | +222.8% | $729.5M |
| COFCapital One Finl Corp | June 30, 2020 | +220.5% | $921.6M |
| AVTAvnet Inc | June 30, 2020 | +218.5% | $277.2M |
| Credicorp LtdCUSIP G2519Y108 | September 30, 2022 | +217.2% | $325.9M |
| CCitigroup Inc | June 30, 2020 | +173.9% | $776.6M |
| GLGlobe Life Inc | June 30, 2020 | +140.7% | $242.3M |
| BACBank Of Amer Corp | June 30, 2020 | +139.9% | $359.6M |
| METMetlife Inc | June 30, 2020 | +131.7% | $941.8M |
| EQHEquitable Hldgs Inc | June 30, 2020 | +127.5% | $244.1M |
Sold off last quarter
- WABWabtec was $91.9M
- American Woodmark CorpCUSIP 030506109 was $65.5M
- JNJJohnson & Johnson was $49.9M
- TRSTrimas Corp was $357K
- CRUSCirrus Logic Inc was $306K
- Hologic IncCUSIP 436440101 was $300K
- HIGHartford Insurance Group Inc was $288K
- INTUIntuit was $242K
- TMUST-mobile Us Inc was $205K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +11.6% | +14.8% |
| March 31, 2026 | −4.5% | −4.6% |
| December 31, 2025 | +3.8% | +2.4% |
| September 30, 2025 | +2.0% | +7.8% |
| June 30, 2025 | +2.2% | +10.5% |
| March 31, 2025 | −0.1% | −4.6% |
| December 31, 2024 | −2.2% | +2.1% |
| September 30, 2024 | +5.7% | +5.4% |
| June 30, 2024 | −6.6% | +4.0% |
| March 31, 2024 | +6.4% | +10.0% |
| December 31, 2023 | +12.6% | +11.2% |
| September 30, 2023 | −2.0% | −3.6% |
| June 30, 2023 | +3.7% | +8.3% |
| March 31, 2023 | +2.8% | +7.0% |
| December 31, 2022 | +15.6% | +7.1% |
| September 30, 2022 | −7.9% | −5.3% |
| June 30, 2022 | −13.6% | −16.5% |
| March 31, 2022 | +2.6% | −4.9% |
| December 31, 2021 | +5.8% | +10.7% |
| September 30, 2021 | −1.8% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Pzena Investment Management LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1027796&type=13F-HR&dateb=&owner=include&count=40CIK 1027796
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1027796/000102779626000049/Filed August 7, 2026 · accession 0001027796-26-000049