PZENA INVESTMENT MANAGEMENT LLC

Registered adviser

CIK

1027796

Location

NEW YORK, NY

Portfolio Value

Large $33,650,767,528

Diversification

Diversified

Reports for

ALPS ADVISORS INC

Files via

Russell Investments Group, Ltd. ABN AMRO INVESTMENT SOLUTIONS

Filing Date

Global Rank

#250 / 8,818 ▼ 18

Top Industry

Auto Parts 9.9%

Period ended 4 months ago

Filed Aug 7, 2026 · 3mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 106847

Roster of Oct 1, 2026

Regulatory AUM

$81,440,877,143

Main clients

Diversified

Private funds

6 funds · Mixed

Focus by fund count, roster of Oct 1, 2026

$601,839,006 gross assets

Registered funds advised

9 series (0 index, 0 ETFs)

$42,269,877,856 net assets· N-CEN Feb 28, 2026

LEI

6735QA45DYBXWQO11N07

Private funds on Schedule D 7.B.(1)

As filed Mar 28, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$654,987,846 gross assets in 7 funds Other private funds $471,285,388 (4) Hedge funds $183,702,458 (3)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$81,440,877,143	Diversified
Apr 2025 to Mar 2026	$63,691,370,902	Diversified
Apr 2024 to Mar 2025	$58,864,978,960	Diversified
May 2023 to Mar 2024	$49,298,577,287	Diversified
Apr 2023	$49,298,577,287	Diversified
Apr 2022 to Mar 2023	$50,648,280,816	Diversified

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Diversified active

Top 10 weight 36.5%, 43.3 effective positions, active share 94.2% against the S&P 500 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Low turnover

25.8% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 16.9 quarters (12+), a floor since 38.1% of the book was already held when coverage starts

Closest benchmark: the S&P 500 as of 2026-06-30, active share 94.2%; sector active share 37.1% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

161 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

5.2%

+0.6 pts

Top 5

21.1%

+1.8 pts

Top 10

36.5%

+1.6 pts

HHI

231

Diversified+7

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Financial Services	23.6%	$7,928,977,179	34
Healthcare	20.5%	$6,900,928,781	22
Technology	18.2%	$6,129,549,746	31
Consumer Cyclical	13.3%	$4,471,426,022	20
Consumer Defensive	9.2%	$3,091,171,902	11
Industrials	5.8%	$1,940,404,468	18
Basic Materials	4.5%	$1,501,747,740	8
Energy	3.2%	$1,092,491,070	7
Real Estate	0.9%	$316,263,758	5
Communication Services	0.8%	$276,853,553	4
Utilities	0.0%	$953,309	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
MBC	MasterBrand, Inc.	+11,515,469	15,329,483	$157,740,380
LKQ	Lkq Corp	+8,909,385	15,142,285	$398,696,364
CRBG	Corebridge Financial, Inc.	+6,743,933	33,789,727	$967,399,883
CTSH	Cognizant Technology Solutions Corp	+6,266,810	26,529,172	$1,027,474,831
MICC	Magnum Ice Cream Co N.V.	+6,163,429	13,199,616	$229,805,314
DG	Dollar General Corp	+3,324,519	10,222,060	$1,176,661,326
ACN	Accenture plc	+2,736,493	5,142,176	$639,892,380
G	Genpact LTD	+2,587,492	3,319,546	$91,287,515
CDW	CDW Corp	+1,523,365	2,638,900	$371,134,895
SSNC	SS&C Technologies Holdings Inc	+1,337,308	11,036,568	$684,819,044
DOX	Amdocs Ltd	+1,304,241	13,985,330	$706,818,577
EQH	Equitable Holdings, Inc.	+1,097,457	5,561,804	$244,051,959
MLKN	Millerknoll, Inc.	+1,036,963	3,032,700	$62,049,042
GLOB	Globant S.A.	+890,890	3,859,718	$111,700,238
DIS	Walt Disney Co	+793,276	883,495	$85,036,393
BAX	Baxter International Inc	+767,570	65,295,393	$1,392,097,778
WGO	Winnebago Industries Inc	+716,237	1,709,531	$53,405,748
CNXC	Concentrix Corp	+470,667	3,413,879	$76,487,958
KSPI	Joint Stock Co Kaspi.kz	+399,501	3,071,888	$266,148,376
VREX	Varex Imaging Corp	+352,101	4,344,381	$45,311,893
GL	Globe Life Inc.	+329,565	1,355,811	$242,256,309
PPG	Ppg Industries Inc	+328,792	7,807,438	$946,964,154
REZI	Resideo Technologies, Inc.	+309,735	1,686,765	$52,458,366
ABM	Abm Industries Inc	+285,267	1,808,203	$79,994,900
RHI	Robert Half Inc.	+255,571	6,222,305	$191,024,763
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
NOK	Nokia Corp	−58,414,612	5,010,906	$66,544,831
DOW	Dow Inc.	−6,440,591	12,507,011	$342,191,820
UBS	UBS Group AG	−3,940,226	22,604,129	$1,120,260,632
C	Citigroup Inc	−2,626,575	5,548,789	$776,608,508
AVT	Avnet Inc	−2,571,835	3,120,395	$277,153,483
CVS	CVS HEALTH Corp	−2,003,517	11,769,536	$1,217,558,498
MGA	Magna International Inc	−1,446,531	23,882,824	$1,568,146,223
ST	Sensata Technologies Holding plc	−1,230,359	2,251,907	$107,506,040
KNX	Knight-Swift Transportation Holdings Inc.	−1,200,405	59,406	$4,625,945
NOV	NOV Inc.	−1,159,362	36,376,087	$674,776,413
HUM	Humana Inc	−1,067,846	4,403,136	$1,749,013,680
ABEV	Ambev S.A.	−977,439	3,739,889	$11,743,251
HUN	Huntsman CORP	−654,687	5,161,672	$54,816,956
CIG	Energy Co Of Minas Gerais	−626,827	453,957	$953,309
SHEL	Shell plc	−615,205	2,581,244	$200,149,659
OLN	OLIN Corp	−541,409	3,890,204	$77,103,843
MYE	Myers Industries Inc	−503,571	781,014	$27,577,604
NVST	Envista Holdings Corp	−446,923	1,157,273	$30,494,143
—		−406,018	3,189	$243,703
BFH	Bread Financial Holdings, Inc.	−286,225	327,448	$35,478,990
PLOW	Douglas Dynamics, Inc	−208,453	1,384,680	$74,703,486
DNOW	DNOW Inc.	−201,833	2,893,482	$37,528,461
DAL	Delta Air Lines, Inc.	−188,960	2,618,707	$245,268,096
MET	Metlife Inc	−172,836	11,130,983	$941,792,470
KOP	Koppers Holdings Inc.	−148,091	1,061,285	$47,651,696
No positions match the current search.

New Positions

Positions the filer opened this quarter

12 positions

Ticker	Company	Shares	Value
WDAY	Workday, Inc.	1,971,270	$241,322,872
BEKE	KE Holdings Inc.	8,877,643	$128,992,152
SAP	Sap SE	6,554	$1,010,036
ZBRA	Zebra Technologies Corp	1,359	$357,770
TOST	Toast, Inc.	10,945	$304,489
ORCL	Oracle Corp	2,076	$304,237
NVDA	Nvidia Corp	1,445	$289,130
—		3,045	$284,007
EXPE	Expedia Group, Inc.	1,060	$271,232
CRM	Salesforce, Inc.	1,502	$235,303
GEV	GE Vernova Inc.	184	$216,174
STT	State Street Corp	1,231	$208,777
No positions match the current search.

Sold Out

Positions the filer fully exited

9 positions

Ticker	Company	Shares	Value
WAB	Westinghouse Air Brake Technologies Corp	367,753	$91,905,152
—		1,643,562	$65,463,074
JNJ	Johnson & Johnson	203,965	$49,857,204
TRS	Trimas Corp	9,923	$356,632
CRUS	Cirrus Logic, Inc.	2,114	$305,726
—		3,964	$299,639
HIG	Hartford Insurance Group, Inc.	2,127	$287,634
INTU	Intuit Inc.	560	$242,132
TMUS	T-Mobile US, Inc.	975	$204,779
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

161 tracked positions · $33,650,767,528 total · filing declares 195 positions · $34,066,282,976 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 161 positions by value · page 1 of 4

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
HUM	Humana Inc Healthcare	Reduced	4,403,136	-1,067,846	$1,749,013,680	+84.4%	12	$286.04	5.20%
MGA	Magna International Inc Consumer Cyclical	Reduced	23,882,824	-1,446,531	$1,568,146,223	+10.9%	15	$50.40	4.66%
BAX	Baxter International Inc Healthcare	Added	65,295,393	+767,570	$1,392,097,778	+28.4%	12	$30.30	4.14%
CVS	CVS HEALTH Corp Healthcare	Reduced	11,769,536	-2,003,517	$1,217,558,498	+23.1%	11	$64.08	3.62%
DG	Dollar General Corp Consumer Defensive	Added	10,222,060	+3,324,519	$1,176,661,326	+43.7%	10	$109.82	3.50%
UBS	UBS Group AG Financial Services	Reduced	22,604,129	-3,940,226	$1,120,260,632	+8.0%	26+	before history	3.33%
SWKS	Skyworks Solutions, Inc. Technology	Reduced	15,973,040	-135,098	$1,082,972,111	+25.5%	11	$76.81	3.22%
CTSH	Cognizant Technology Solutions Corp Technology	Added	26,529,172	+6,266,810	$1,027,474,831	−17.3%	26+	before history	3.05%
BMY	Bristol Myers Squibb Co Healthcare	Reduced	17,007,044	-88,687	$979,945,874	−5.5%	26+	before history	2.91%
TSN	Tyson Foods, Inc. Consumer Defensive	Reduced	17,016,651	-139,062	$974,203,269	−11.4%	12	$55.75	2.90%
CRBG	Corebridge Financial, Inc. Financial Services	Added	33,789,727	+6,743,933	$967,399,883	+49.9%	12	$29.94	2.87%
PPG	Ppg Industries Inc Basic Materials	Added	7,807,438	+328,792	$946,964,154	+18.5%	6	$104.42	2.81%
MET	Metlife Inc Financial Services	Reduced	11,130,983	-172,836	$941,792,470	+17.8%	26+	before history	2.80%
COF	Capital One Financial Corp Financial Services	Added	4,593,920	+13,800	$921,632,229	+10.3%	26+	before history	2.74%
LEA	Lear Corp Consumer Cyclical	Reduced	6,638,413	-120,092	$889,945,646	+8.8%	26+	before history	2.64%
GPN	Global Payments Inc Industrials	Added	11,691,625	+76,048	$848,344,309	+8.5%	12	$102.13	2.52%
C	Citigroup Inc Financial Services	Reduced	5,548,789	-2,626,575	$776,608,508	−16.2%	26+	before history	2.31%
WFC	Wells Fargo & Company Financial Services	Added	8,827,468	+54,340	$729,501,955	+4.4%	26+	before history	2.17%
DOX	Amdocs Ltd Technology	Added	13,985,330	+1,304,241	$706,818,577	−14.6%	26+	before history	2.10%
SSNC	SS&C Technologies Holdings Inc Technology	Added	11,036,568	+1,337,308	$684,819,044	+4.5%	21	$65.76	2.04%
NOV	NOV Inc. Energy	Reduced	36,376,087	-1,159,362	$674,776,413	−4.4%	22	$15.68	2.01%
ACN	Accenture plc Technology	Added	5,142,176	+2,736,493	$639,892,380	+34.1%	4	$207.19	1.90%
PVH	Pvh Corp. Consumer Cyclical	Added	5,986,677	+217,771	$444,570,633	+10.5%	26+	before history	1.32%
LKQ	Lkq Corp Consumer Cyclical	Added	15,142,285	+8,909,385	$398,696,364	+117.8%	6	$30.87	1.18%
CDW	CDW Corp Technology	Added	2,638,900	+1,523,365	$371,134,895	+174.9%	2	$125.91	1.10%
BAC	Bank Of America Corp Financial Services	Reduced	6,310,363	-112,391	$359,564,483	+14.8%	26+	before history	1.07%
DOW	Dow Inc. Basic Materials	Reduced	12,507,011	-6,440,591	$342,191,820	−56.6%	26+	before history	1.02%
FMS	Fresenius Medical Care AG Healthcare	Reduced	14,992,081	-60,741	$338,970,950	−0.2%	20	$25.91	1.01%
BAP	Credicorp Ltd Financial Services	Reduced	836,569	-75,491	$325,910,551	+5.4%	16	$146.19	0.97%
VOYA	Voya Financial, Inc. Financial Services	Reduced	3,529,646	-143,472	$319,538,852	+27.3%	26+	before history	0.95%
NWL	Newell Brands Inc. Consumer Defensive	Added	47,990,664	+187,729	$294,662,676	+79.7%	26+	before history	0.88%
UHS	Universal Health Services Inc Healthcare	Added	1,969,327	+57,092	$292,819,231	−14.4%	11	$182.42	0.87%
AVT	Avnet Inc Technology	Reduced	3,120,395	-2,571,835	$277,153,483	−21.0%	26+	before history	0.82%
AAP	Advance Auto Parts Inc Consumer Cyclical	Added	4,389,501	+88,412	$273,114,752	+20.4%	12	$53.05	0.81%
KSPI	Joint Stock Co Kaspi.kz Technology	Added	3,071,888	+399,501	$266,148,376	+34.5%	9	$96.79	0.79%
MDT	Medtronic plc Healthcare	Reduced	3,147,999	-9,016	$246,267,961	−10.0%	14	$82.48	0.73%
DAL	Delta Air Lines, Inc. Industrials	Reduced	2,618,707	-188,960	$245,268,096	+31.4%	8	$43.62	0.73%
EQH	Equitable Holdings, Inc. Financial Services	Added	5,561,804	+1,097,457	$244,051,959	+47.3%	26+	before history	0.73%
GL	Globe Life Inc. Financial Services	Added	1,355,811	+329,565	$242,256,309	+69.6%	26+	before history	0.72%
WDAY	Workday, Inc. Technology	NEW	1,971,270	NEW	$241,322,872	NEW	1	$126.68	0.72%
MICC	Magnum Ice Cream Co N.V. Consumer Defensive	Added	13,199,616	+6,163,429	$229,805,314	+118.5%	2	$15.90	0.68%
SPB	Spectrum Brands Holdings, Inc. Consumer Defensive	Added	2,420,808	+82,385	$207,584,286	+20.4%	26+	before history	0.62%
SHEL	Shell plc Energy	Reduced	2,581,244	-615,205	$200,149,659	−32.7%	18	$55.17	0.59%
RHI	Robert Half Inc. Industrials	Added	6,222,305	+255,571	$191,024,763	+26.0%	11	$40.83	0.57%
ZTO	ZTO Express (Cayman) Inc. Industrials	Reduced	7,322,331	-138,600	$163,873,767	−12.7%	12	$20.47	0.49%
MBC	MasterBrand, Inc. Consumer Cyclical	Added	15,329,483	+11,515,469	$157,740,380	+397.7%	15	unpriced	0.47%
CI	Cigna Group Healthcare	Reduced	562,036	-16,412	$154,942,084	+0.4%	26+	before history	0.46%
CSCO	Cisco Systems, Inc. Technology	Reduced	1,281,329	-27,411	$150,504,904	+48.2%	26+	before history	0.45%
PFE	Pfizer Inc Healthcare	Added	5,958,922	+34,030	$143,490,841	−13.8%	26+	before history	0.43%
MHK	Mohawk Industries Inc Consumer Cyclical	Reduced	1,142,841	-9,973	$138,660,898	+22.2%	26+	before history	0.41%

Showing the top 50 of 161 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.