PZENA INVESTMENT MANAGEMENT LLC

Registered adviser

CIK

1027796

Location

NEW YORK, NY

Portfolio Value

Large $33,674,089,646

Diversification

Diversified

Reports for

ALPS ADVISORS INC

Files via

Russell Investments Group, Ltd. ABN AMRO INVESTMENT SOLUTIONS

Filing Date

Global Rank

#250 / 8,820 ▼ 18 · as of Jun 2026

Top Industry

Information Technology Services 10.0%

Period ended 31 days ago

Filed Oct 30, 2026 · 1d

27 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, the newest measured quarter, 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

25.9% 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

159 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

4.4%

−0.7 pts

Top 5

20.3%

−0.8 pts

Top 10

36.4%

−0.2 pts

HHI

229

Diversified−2

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Financial Services	22.7%	$7,643,580,857	34
Technology	22.5%	$7,565,484,324	30
Healthcare	19.4%	$6,532,611,675	22
Consumer Cyclical	12.0%	$4,029,194,739	19
Consumer Defensive	8.7%	$2,916,910,128	11
Industrials	5.7%	$1,909,008,877	18
Basic Materials	3.9%	$1,312,187,354	7
Energy	3.4%	$1,132,978,486	7
Real Estate	1.0%	$348,974,177	5
Communication Services	0.8%	$281,975,125	4
Utilities	0.0%	$1,183,904	2

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
LKQ	Lkq Corp	+7,414,573	22,556,858	$514,973,068
GL	Globe Life Inc.	+2,123,282	3,479,093	$576,311,755
SSNC	SS&C Technologies Holdings Inc	+2,057,251	13,093,819	$1,009,140,630
REZI	Resideo Technologies, Inc.	+2,013,125	3,699,890	$67,153,003
MBC	MasterBrand, Inc.	+1,698,503	17,027,986	$119,195,902
FMS	Fresenius Medical Care AG	+1,625,494	16,617,575	$371,901,327
BEKE	KE Holdings Inc.	+1,518,222	10,395,865	$175,170,325
GLOB	Globant S.A.	+1,069,381	4,929,099	$171,039,735
ACN	Accenture plc	+912,506	6,054,682	$1,110,247,038
MICC	Magnum Ice Cream Co N.V.	+815,283	14,014,899	$249,184,904
TSN	Tyson Foods, Inc.	+752,067	17,768,718	$897,853,319
CDW	CDW Corp	+714,565	3,353,465	$429,780,073
UHS	Universal Health Services Inc	+637,894	2,607,221	$454,334,331
AAP	Advance Auto Parts Inc	+596,952	4,986,453	$194,022,886
DOX	Amdocs Ltd	+469,581	14,454,911	$826,531,810
G	Genpact LTD	+363,334	3,682,880	$119,804,086
KT	Kt Corp	+319,120	7,605,620	$144,126,499
MSFT	Microsoft Corp	+240,238	240,993	$123,605,309
DIS	Walt Disney Co	+145,233	1,028,728	$107,913,566
HDB	Hdfc Bank Ltd	+140,779	1,754,255	$39,190,056
PFE	Pfizer Inc	+91,305	6,050,227	$172,552,473
SNY	Sanofi	+88,094	113,396	$4,675,317
ABEV	Ambev S.A.	+82,137	3,822,026	$11,160,315
CRBG	Corebridge Financial, Inc.	+81,794	33,871,521	$1,121,824,774
OLN	OLIN Corp	+76,748	3,966,952	$61,487,756
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
UBS	UBS Group AG	−7,281,284	15,322,845	$737,488,529
NOK	Nokia Corp	−4,962,701	48,205	$488,798
BAX	Baxter International Inc	−2,869,757	62,425,636	$1,498,215,264
BMY	Bristol Myers Squibb Co	−2,762,205	14,244,839	$888,877,953
MGA	Magna International Inc	−2,648,544	21,234,280	$1,351,986,607
VREX	Varex Imaging Corp	−2,559,215	1,785,166	$32,936,312
SWKS	Skyworks Solutions, Inc.	−2,202,950	13,770,090	$1,177,067,292
ZTO	ZTO Express (Cayman) Inc.	−1,750,852	5,571,479	$108,198,122
CTSH	Cognizant Technology Solutions Corp	−1,713,537	24,815,635	$1,425,410,073
CVS	CVS HEALTH Corp	−1,472,633	10,296,903	$882,341,617
AVT	Avnet Inc	−1,399,253	1,721,142	$172,028,142
NWL	Newell Brands Inc.	−1,269,920	46,720,744	$246,685,527
BAC	Bank Of America Corp	−1,252,653	5,057,710	$275,291,154
RHI	Robert Half Inc.	−817,029	5,405,276	$198,643,893
HUM	Humana Inc	−753,790	3,649,346	$1,392,480,952
MYE	Myers Industries Inc	−735,836	45,178	$1,390,127
ARCO	Arcos Dorados Holdings Inc.	−691,607	10,112,751	$72,306,169
DOW	Dow Inc.	−602,236	11,904,775	$327,857,503
MET	Metlife Inc	−559,281	10,571,702	$995,431,459
DG	Dollar General Corp	−526,277	9,695,783	$1,159,421,730
C	Citigroup Inc	−386,495	5,162,294	$668,413,826
CNO	CNO Financial Group, Inc.	−377,365	2,064,300	$109,222,113
DAL	Delta Air Lines, Inc.	−370,517	2,248,190	$187,633,936
NOV	NOV Inc.	−334,302	36,041,785	$675,062,632
UVSP	UNIVEST FINANCIAL Corp	−326,362	508,266	$20,828,740
No positions match the current search.

New Positions

Positions the filer opened this quarter

9 positions

Ticker	Company	Shares	Value
GEHC	GE HealthCare Technologies Inc.	1,255,691	$82,084,520
ADIG	Adi Global Distribution Inc.	810,268	$14,520,002
BLK	BlackRock, Inc.	320	$338,652
SANM	Sanmina Corp	1,516	$325,803
JBL	Jabil Inc	1,086	$311,529
REGN	Regeneron Pharmaceuticals, Inc.	409	$310,132
LHX	L3harris Technologies, Inc.	1,120	$265,193
SWX	Southwest Gas Holdings, Inc.	2,828	$230,595
CRUS	Cirrus Logic, Inc.	1,901	$228,062
No positions match the current search.

Sold Out

Positions the filer fully exited

11 positions

Ticker	Company	Shares	Value
CSCO	Cisco Systems, Inc.	1,281,329	$150,504,904
MT	ArcelorMittal	8,180	$492,599
ZBRA	Zebra Technologies Corp	1,359	$357,770
MRK	Merck & Co., Inc.	2,511	$322,663
HALO	Halozyme Therapeutics, Inc.	4,049	$316,915
TOST	Toast, Inc.	10,945	$304,489
ADSK	Autodesk, Inc.	1,506	$292,796
EXPE	Expedia Group, Inc.	1,060	$271,232
—		3,189	$243,703
CRM	Salesforce, Inc.	1,502	$235,303
GEV	GE Vernova Inc.	184	$216,174
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

159 tracked positions · $33,674,089,646 total · filing declares 194 positions · $34,097,875,562 · as of Sep 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 159 positions by value · page 1 of 4

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
BAX	Baxter International Inc Healthcare	Reduced	62,425,636	-2,869,757	$1,498,215,264	+7.6%	4.45%
CTSH	Cognizant Technology Solutions Corp Technology	Reduced	24,815,635	-1,713,537	$1,425,410,073	+38.7%	4.23%
HUM	Humana Inc Healthcare	Reduced	3,649,346	-753,790	$1,392,480,952	−20.4%	4.14%
MGA	Magna International Inc Consumer Cyclical	Reduced	21,234,280	-2,648,544	$1,351,986,607	−13.8%	4.01%
SWKS	Skyworks Solutions, Inc. Technology	Reduced	13,770,090	-2,202,950	$1,177,067,292	+8.7%	3.50%
DG	Dollar General Corp Consumer Defensive	Reduced	9,695,783	-526,277	$1,159,421,730	−1.5%	3.44%
CRBG	Corebridge Financial, Inc. Financial Services	Added	33,871,521	+81,794	$1,121,824,774	+16.0%	3.33%
ACN	Accenture plc Technology	Added	6,054,682	+912,506	$1,110,247,038	+73.5%	3.30%
SSNC	SS&C Technologies Holdings Inc Technology	Added	13,093,819	+2,057,251	$1,009,140,630	+47.4%	3.00%
MET	Metlife Inc Financial Services	Reduced	10,571,702	-559,281	$995,431,459	+5.7%	2.96%
GPN	Global Payments Inc Industrials	Reduced	11,377,172	-314,453	$929,173,636	+9.5%	2.76%
TSN	Tyson Foods, Inc. Consumer Defensive	Added	17,768,718	+752,067	$897,853,319	−7.8%	2.67%
BMY	Bristol Myers Squibb Co Healthcare	Reduced	14,244,839	-2,762,205	$888,877,953	−9.3%	2.64%
CVS	CVS HEALTH Corp Healthcare	Reduced	10,296,903	-1,472,633	$882,341,617	−27.5%	2.62%
COF	Capital One Financial Corp Financial Services	Reduced	4,487,376	-106,544	$866,377,683	−6.0%	2.57%
DOX	Amdocs Ltd Technology	Added	14,454,911	+469,581	$826,531,810	+16.9%	2.45%
PPG	Ppg Industries Inc Basic Materials	Reduced	7,773,638	-33,800	$811,023,651	−14.4%	2.41%
LEA	Lear Corp Consumer Cyclical	Reduced	6,540,816	-97,597	$772,012,511	−13.3%	2.29%
UBS	UBS Group AG Financial Services	Reduced	15,322,845	-7,281,284	$737,488,529	−34.2%	2.19%
WFC	Wells Fargo & Company Financial Services	Added	8,853,784	+26,316	$708,745,408	−2.8%	2.10%
NOV	NOV Inc. Energy	Reduced	36,041,785	-334,302	$675,062,632	+0.0%	2.00%
C	Citigroup Inc Financial Services	Reduced	5,162,294	-386,495	$668,413,826	−13.9%	1.98%
GL	Globe Life Inc. Financial Services	Added	3,479,093	+2,123,282	$576,311,755	+137.9%	1.71%
LKQ	Lkq Corp Consumer Cyclical	Added	22,556,858	+7,414,573	$514,973,068	+29.2%	1.53%
UHS	Universal Health Services Inc Healthcare	Added	2,607,221	+637,894	$454,334,331	+55.2%	1.35%
PVH	Pvh Corp. Consumer Cyclical	Reduced	5,829,334	-157,343	$431,662,182	−2.9%	1.28%
CDW	CDW Corp Technology	Added	3,353,465	+714,565	$429,780,073	+15.8%	1.28%
FMS	Fresenius Medical Care AG Healthcare	Added	16,617,575	+1,625,494	$371,901,327	+9.7%	1.10%
WDAY	Workday, Inc. Technology	Reduced	1,733,006	-238,264	$330,068,322	+36.8%	0.98%
DOW	Dow Inc. Basic Materials	Reduced	11,904,775	-602,236	$327,857,503	−4.2%	0.97%
VOYA	Voya Financial, Inc. Financial Services	Reduced	3,428,602	-101,044	$323,934,316	+1.4%	0.96%
EQH	Equitable Holdings, Inc. Financial Services	Added	5,618,993	+57,189	$288,085,770	+18.0%	0.86%
BAC	Bank Of America Corp Financial Services	Reduced	5,057,710	-1,252,653	$275,291,154	−23.4%	0.82%
MDT	Medtronic plc Healthcare	Reduced	3,078,785	-69,214	$265,668,356	+7.9%	0.79%
KSPI	Joint Stock Co Kaspi.kz Technology	Reduced	2,788,694	-283,194	$262,304,557	−1.4%	0.78%
BAP	Credicorp Ltd Financial Services	Reduced	665,785	-170,784	$252,911,747	−22.4%	0.75%
MICC	Magnum Ice Cream Co N.V. Consumer Defensive	Added	14,014,899	+815,283	$249,184,904	+8.4%	0.74%
NWL	Newell Brands Inc. Consumer Defensive	Reduced	46,720,744	-1,269,920	$246,685,527	−16.3%	0.73%
SHEL	Shell plc Energy	Reduced	2,513,507	-67,737	$238,908,839	+19.4%	0.71%
RHI	Robert Half Inc. Industrials	Reduced	5,405,276	-817,029	$198,643,893	+4.0%	0.59%
AAP	Advance Auto Parts Inc Consumer Cyclical	Added	4,986,453	+596,952	$194,022,886	−29.0%	0.58%
DAL	Delta Air Lines, Inc. Industrials	Reduced	2,248,190	-370,517	$187,633,936	−23.5%	0.56%
SPB	Spectrum Brands Holdings, Inc. Consumer Defensive	Reduced	2,244,718	-176,090	$178,477,528	−14.0%	0.53%
BEKE	KE Holdings Inc. Real Estate	Added	10,395,865	+1,518,222	$175,170,325	+35.8%	0.52%
PFE	Pfizer Inc Healthcare	Added	6,050,227	+91,305	$172,552,473	+20.3%	0.51%
AVT	Avnet Inc Technology	Reduced	1,721,142	-1,399,253	$172,028,142	−37.9%	0.51%
GLOB	Globant S.A. Technology	Added	4,929,099	+1,069,381	$171,039,735	+53.1%	0.51%
KT	Kt Corp Communication Services	Added	7,605,620	+319,120	$144,126,499	+14.5%	0.43%
CI	Cigna Group Healthcare	Reduced	527,459	-34,577	$143,379,179	−7.5%	0.43%
MHK	Mohawk Industries Inc Consumer Cyclical	Reduced	1,105,087	-37,754	$137,826,450	−0.6%	0.41%

Showing the top 50 of 159 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.