PZENA INVESTMENT MANAGEMENT LLC
Filing Date
Global Rank
#205
/ 8,622
▼ 7
· as of Mar 2026
Top Industry
Banks - Diversified
10.1%
3Y Alpha vs SPY
-6.5%
Period ended 4 months ago
Filed Apr 24, 2026 · 3mo
25 quarters · since Mar 2020
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.
Cloned portfolio
+42.1%
SPY
+67.9%
Annualised alpha
-6.4%
Max drawdown
−18.9%
Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.
Portfolio Concentration
157 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
4.6%
−0.1 pts
Top 5
19.3%
−2.3 pts
Top 10
34.9%
−4.0 pts
HHI
224
Diversified−26
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Financial Services | 23.0% | $7,010,174,440 |
| Technology | 19.6% | $5,964,345,957 |
| Healthcare | 18.9% | $5,759,003,865 |
| Consumer Cyclical | 12.3% | $3,759,625,230 |
| Consumer Defensive | 8.4% | $2,555,718,496 |
| Industrials | 6.2% | $1,899,609,190 |
| Basic Materials | 6.2% | $1,878,290,374 |
| Energy | 4.2% | $1,270,313,565 |
| Communication Services | 0.7% | $217,467,094 |
| Real Estate | 0.5% | $158,780,873 |
| Utilities | 0.0% | $2,583,073 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| SWKS | Skyworks Solutions, Inc. | +3,481,658 | 16,108,138 | $862,590,789 | |
| CRBG | Corebridge Financial, Inc. | +3,413,384 | 27,045,794 | $645,312,644 | |
| CTSH | Cognizant Technology Solutions Corp | +2,633,683 | 20,262,362 | $1,243,095,908 | |
| LKQ | Lkq Corp | +1,850,727 | 6,232,900 | $183,060,273 | |
| TSN | Tyson Foods, Inc. | +1,845,200 | 17,155,713 | $1,099,166,531 | |
| RHI | Robert Half Inc. | +1,571,883 | 5,966,734 | $151,555,043 | |
| HUM | Humana Inc | +1,398,774 | 5,470,982 | $948,613,568 | |
| MMI | Marcus & Millichap, Inc. | +1,398,441 | 2,012,763 | $53,519,368 | |
| ACN | Accenture plc | +1,097,961 | 2,405,683 | $477,022,881 | |
| FITB | Fifth Third Bancorp | +697,995 | 1,635,817 | $76,000,057 | |
| HDB | Hdfc Bank Ltd | +681,053 | 1,519,501 | $37,805,184 | |
| DOX | Amdocs Ltd | +644,074 | 12,681,089 | $827,567,867 | |
| AMWD | American Woodmark Corp | +493,348 | 1,643,562 | $65,463,074 | |
| PPG | Ppg Industries Inc | +379,879 | 7,478,646 | $799,317,684 | |
| ABM | Abm Industries Inc /De/ | +351,407 | 1,522,936 | $58,663,494 | |
| AAP | Advance Auto Parts Inc | +327,596 | 4,301,089 | $226,882,444 | |
| TFX | Teleflex Inc | +319,660 | 699,125 | $83,622,341 | |
| FMS | Fresenius Medical Care AG | +299,986 | 15,052,822 | $339,591,664 | |
| ABEV | Ambev S.A. | +295,709 | 4,717,328 | $13,774,597 | |
| COLB | Columbia Banking System, Inc. | +228,825 | 2,033,219 | $55,771,197 | |
| GPN | Global Payments Inc | +205,880 | 11,615,577 | $781,728,331 | |
| ARCO | Arcos Dorados Holdings Inc. | +178,602 | 10,741,166 | $88,614,619 | |
| ASB | Associated Banc-Corp | +177,829 | 1,922,982 | $49,728,314 | |
| ONB | Old National Bancorp /In/ | +175,594 | 2,693,642 | $59,529,488 | |
| EQH | Equitable Holdings, Inc. | +138,999 | 4,464,347 | $165,671,917 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| NOK | Nokia Corp | −28,516,989 | 63,425,518 | $509,941,164 | |
| DOW | Dow Inc. | −8,679,285 | 18,947,602 | $789,167,622 | |
| BAX | Baxter International Inc | −5,518,428 | 64,527,823 | $1,084,067,425 | |
| NOV | NOV Inc. | −4,628,779 | 37,535,449 | $706,041,794 | |
| MGA | Magna International Inc | −3,784,227 | 25,329,355 | $1,413,631,302 | |
| DG | Dollar General Corp | −3,779,282 | 6,897,541 | $818,945,042 | |
| UBS | UBS Group AG | −3,230,218 | 26,544,355 | $1,037,087,949 | |
| DRH | DiamondRock Hospitality Co | −2,481,976 | 2,834,579 | $26,560,005 | |
| C | Citigroup Inc | −2,439,770 | 8,175,364 | $927,168,030 | |
| NWL | Newell Brands Inc. | −2,216,618 | 47,802,935 | $163,964,066 | |
| CVS | CVS HEALTH Corp | −1,808,254 | 13,773,053 | $989,180,665 | |
| AVT | Avnet Inc | −1,345,568 | 5,692,230 | $350,755,212 | |
| HAL | Halliburton Co | −1,266,702 | 4,067,041 | $158,573,928 | |
| WBS | Webster Financial Corp | −1,243,364 | 409,207 | $28,407,149 | |
| WFC | Wells Fargo & Company/Mn | −1,207,519 | 8,773,128 | $698,428,719 | |
| DNOW | DNOW Inc. | −1,065,814 | 3,095,315 | $36,865,201 | |
| BMY | Bristol Myers Squibb Co | −847,772 | 17,095,731 | $1,036,856,084 | |
| NVST | Envista Holdings Corp | −721,663 | 1,604,196 | $40,698,452 | |
| LEA | Lear Corp | −708,849 | 6,758,505 | $818,319,785 | |
| SSNC | SS&C Technologies Holdings Inc | −614,322 | 9,699,260 | $655,378,998 | |
| PFE | Pfizer Inc | −601,908 | 5,924,892 | $166,370,967 | |
| MET | Metlife Inc | −579,519 | 11,303,819 | $799,406,079 | |
| PLOW | Douglas Dynamics, Inc | −533,475 | 1,593,133 | $67,054,967 | |
| TRS | Trimas Corp | −528,448 | 9,923 | $356,632 | |
| COF | Capital One Financial Corp | −440,733 | 4,580,120 | $835,551,291 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
9 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| KT | Kt Corp | 7,175,547 | $153,915,483 | |
| GLOB | Globant S.A. | 2,968,828 | $136,892,659 | |
| CDW | CDW Corp | 1,115,535 | $135,002,045 | |
| MICC | Magnum Ice Cream Co N.V. | 7,036,187 | $105,190,995 | |
| MLKN | Millerknoll, Inc. | 1,995,737 | $28,858,357 | |
| MSFT | Microsoft Corp | 762 | $282,069 | |
| ADSK | Autodesk, Inc. | 1,018 | $243,709 | |
| INTU | Intuit Inc. | 560 | $242,132 | |
| TMUS | T-Mobile US, Inc. | 975 | $204,779 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
7 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| CHTR | Charter Communications, Inc. /Mo/ | 118,715 | $24,781,756 | |
| GS | Goldman Sachs Group Inc | 12,225 | $10,745,775 | |
| FMC | Fmc Corp | 572,048 | $7,934,305 | |
| CINF | Cincinnati Financial Corp | 1,792 | $292,669 | |
| ADM | Archer-Daniels-Midland Co | 4,842 | $278,366 | |
| INTC | Intel Corp | 7,515 | $277,303 | |
| TPG | TPG Inc. | 3,386 | $216,162 | |
| No positions match the current search. | ||||
157 tracked positions ·
$30,475,912,157 total
· filing declares
192 positions · $30,796,447,662
· as of Mar 31, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
Showing 1–50
of 157 positions by value
· page 1 of 4
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| MGA |
Magna International Inc
Consumer Cyclical
|
Reduced | 25,329,355 | $1,413,631,302 | 4.64% | |
| CTSH |
Cognizant Technology Solutions Corp
Technology
|
Added | 20,262,362 | $1,243,095,908 | 4.08% | |
| TSN |
Tyson Foods, Inc.
Consumer Defensive
|
Reduced | 17,155,713 | $1,099,166,531 | 3.61% | |
| BAX |
Baxter International Inc
Healthcare
|
Reduced | 64,527,823 | $1,084,067,425 | 3.56% | |
| UBS |
UBS Group AG
Financial Services
|
Reduced | 26,544,355 | $1,037,087,949 | 3.40% | |
| BMY |
Bristol Myers Squibb Co
Healthcare
|
Reduced | 17,095,731 | $1,036,856,084 | 3.40% | |
| CVS |
CVS HEALTH Corp
Healthcare
|
Reduced | 13,773,053 | $989,180,665 | 3.25% | |
| HUM |
Humana Inc
Healthcare
|
Added | 5,470,982 | $948,613,568 | 3.11% | |
| C |
Citigroup Inc
Financial Services
|
Reduced | 8,175,364 | $927,168,030 | 3.04% | |
| SWKS |
Skyworks Solutions, Inc.
Technology
|
Added | 16,108,138 | $862,590,789 | 2.83% | |
| COF |
Capital One Financial Corp
Financial Services
|
Reduced | 4,580,120 | $835,551,291 | 2.74% | |
| DOX |
Amdocs Ltd
Technology
|
Added | 12,681,089 | $827,567,867 | 2.72% | |
| DG |
Dollar General Corp
Consumer Defensive
|
Reduced | 6,897,541 | $818,945,042 | 2.69% | |
| LEA |
Lear Corp
Consumer Cyclical
|
Reduced | 6,758,505 | $818,319,785 | 2.69% | |
| MET |
Metlife Inc
Financial Services
|
Reduced | 11,303,819 | $799,406,079 | 2.62% | |
| PPG |
Ppg Industries Inc
Basic Materials
|
Added | 7,478,646 | $799,317,684 | 2.62% | |
| DOW |
Dow Inc.
Basic Materials
|
Reduced | 18,947,602 | $789,167,622 | 2.59% | |
| GPN |
Global Payments Inc
Industrials
|
Added | 11,615,577 | $781,728,331 | 2.57% | |
| NOV |
NOV Inc.
Energy
|
Reduced | 37,535,449 | $706,041,794 | 2.32% | |
| WFC |
Wells Fargo & Company/Mn
Financial Services
|
Reduced | 8,773,128 | $698,428,719 | 2.29% | |
| SSNC |
SS&C Technologies Holdings Inc
Technology
|
Reduced | 9,699,260 | $655,378,998 | 2.15% | |
| CRBG |
Corebridge Financial, Inc.
Financial Services
|
Added | 27,045,794 | $645,312,644 | 2.12% | |
| NOK |
Nokia Corp
Technology
|
Reduced | 63,425,518 | $509,941,164 | 1.67% | |
| ACN |
Accenture plc
Technology
|
Added | 2,405,683 | $477,022,881 | 1.57% | |
| PVH |
Pvh Corp. /De/
Consumer Cyclical
|
Reduced | 5,768,906 | $402,438,882 | 1.32% | |
| AVT |
Avnet Inc
Technology
|
Reduced | 5,692,230 | $350,755,212 | 1.15% | |
| UHS |
Universal Health Services Inc
Healthcare
|
Reduced | 1,912,235 | $342,232,697 | 1.12% | |
| FMS |
Fresenius Medical Care AG
Healthcare
|
Added | 15,052,822 | $339,591,664 | 1.11% | |
| BAC |
Bank Of America Corp /De/
Financial Services
|
Reduced | 6,422,754 | $313,109,256 | 1.03% | |
| BAP |
Credicorp Ltd
Financial Services
|
Reduced | 912,060 | $309,352,510 | 1.02% | |
| SHEL |
Shell plc
Energy
|
Reduced | 3,196,449 | $297,269,757 | 0.98% | |
| MDT |
Medtronic plc
Healthcare
|
Reduced | 3,157,015 | $273,555,349 | 0.90% | |
| VOYA |
Voya Financial, Inc.
Financial Services
|
Added | 3,673,118 | $250,947,421 | 0.82% | |
| AAP |
Advance Auto Parts Inc
Consumer Cyclical
|
Added | 4,301,089 | $226,882,444 | 0.74% | |
| KSPI |
Joint Stock Co Kaspi.kz
Technology
|
Reduced | 2,672,387 | $197,943,705 | 0.65% | |
| ZTO |
ZTO Express (Cayman) Inc.
Industrials
|
Reduced | 7,460,931 | $187,791,633 | 0.62% | |
| DAL |
Delta Air Lines, Inc.
Industrials
|
Reduced | 2,807,667 | $186,653,701 | 0.61% | |
| LKQ |
Lkq Corp
Consumer Cyclical
|
Added | 6,232,900 | $183,060,273 | 0.60% | |
| SPB |
Spectrum Brands Holdings, Inc.
Consumer Defensive
|
Reduced | 2,338,423 | $172,341,775 | 0.57% | |
| PFE |
Pfizer Inc
Healthcare
|
Reduced | 5,924,892 | $166,370,967 | 0.55% | |
| EQH |
Equitable Holdings, Inc.
Financial Services
|
Added | 4,464,347 | $165,671,917 | 0.54% | |
| NWL |
Newell Brands Inc.
Consumer Defensive
|
Reduced | 47,802,935 | $163,964,066 | 0.54% | |
| HAL |
Halliburton Co
Energy
|
Reduced | 4,067,041 | $158,573,928 | 0.52% | |
| CI |
Cigna Group
Healthcare
|
Added | 578,448 | $154,301,004 | 0.51% | |
| KT |
Kt Corp
Communication Services
|
NEW | 7,175,547 | $153,915,483 | 0.51% | |
| RHI |
Robert Half Inc.
Industrials
|
Added | 5,966,734 | $151,555,043 | 0.50% | |
| GL |
Globe Life Inc.
Financial Services
|
Added | 1,026,246 | $142,822,655 | 0.47% | |
| GLOB |
Globant S.A.
Technology
|
NEW | 2,968,828 | $136,892,659 | 0.45% | |
| CDW |
CDW Corp
Technology
|
NEW | 1,115,535 | $135,002,045 | 0.44% | |
| OLN |
OLIN Corp
Basic Materials
|
Reduced | 4,431,613 | $131,751,854 | 0.43% |
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.