PZENA INVESTMENT MANAGEMENT LLC

View all activity View 13F on SEC

Data as of Q4 2025

Institutional investor tracked via SEC 13F filings. Portfolio snapshot as of 2025-12-31.SEC EDGAR Source

Assets Under Management

$33.4B

Total Positions

157

New This Quarter

Filing Period

2025-12-31

Portfolio Allocation

Top holdings by portfolio weight

MGA6.38%

CTSH4.38%

DG4.24%

BAX4.01%

C3.71%

CVS3.70%

COF3.64%

UBS3.29%

HUM3.12%

DOX2.90%

Other34.10%

Position Outcomes

Best and worst performing positions by estimated return

Top Winners

GS29Q held

Goldman Sachs Group Inc/The

Avg $153.88 · $8.9M est. P&L

Est. P&L

+474.76%

MS29Q held

Morgan Stanley

Avg $37.02 · $66.6M est. P&L

Est. P&L

+381.10%

TSM29Q held

TAIWAN SEMICONDUCTOR MFG LTD

Avg $62.73 · $6.2M est. P&L

Est. P&L

+377.55%

Top Losers

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View plans

Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.

Top Holdings(Showing 25 of 157 — sorted by value)

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Activity:

Stock	Shares	Value	Weight	Price Trend	Avg Buy	Est. P&L	Held	Conviction
MGA MAGNA INTL INC	29.1M	$2.1B	6.4%	—	$46.35	+15.74%	13 qtrs	Increased 62
CTSH Cognizant Technology Solutions Corp	17.6M	$1.5B	4.4%	—	$61.23	+37.41%	29 qtrs	Decreased 0
DG Dollar General Corp	10.7M	$1.4B	4.2%	—	$92.33	+46.48%	8 qtrs	Decreased 0
BAX Baxter International Inc	70M	$1.3B	4.0%	—	$28.92	-33.26%	10 qtrs	Increased 70
C Citigroup Inc	10.6M	$1.2B	3.7%	—	$43.27	+169.45%	29 qtrs	Decreased 0
CVS CVS Health Corp	15.6M	$1.2B	3.7%	—	$55.82	+41.89%	9 qtrs	Decreased 0
COF Capital One Financial Corp	5M	$1.2B	3.6%	—	$80.56	+202.83%	29 qtrs	Decreased 0
UBS UBS GROUP AG	29.8M	$1.1B	3.3%	—	$26.50	+75.57%	29 qtrs	Increased 58
HUM Humana Inc	4.1M	$1B	3.1%	—	$316.03	-18.03%	10 qtrs	Increased 59
DOX Amdocs Ltd	12M	$969.1M	2.9%	—	$77.77	+3.82%	29 qtrs	Increased 84
BMY Bristol-Myers Squibb Co	17.9M	$967.9M	2.9%	—	$50.28	+6.57%	26 qtrs	Increased 65
MET MetLife Inc	11.9M	$938.1M	2.8%	—	$56.24	+40.84%	29 qtrs	Increased 66
WFC Wells Fargo & Co	10M	$930.2M	2.8%	—	$33.26	+182.18%	29 qtrs	Decreased 0
SSNC SS&C Technologies Holdings Inc	10.3M	$901.6M	2.7%	—	$60.70	+45.79%	19 qtrs	Increased 55
TSN Tyson Foods Inc	15.3M	$897.5M	2.7%	—	$52.92	+11.83%	10 qtrs	Increased 60
GPN Global Payments Inc	11.4M	$883.1M	2.6%	—	$96.44	-17.76%	10 qtrs	Increased 57
LEA Lear Corp	7.5M	$855.8M	2.6%	—	$113.92	+2.12%	29 qtrs	Decreased 0
SWKS Skyworks Solutions Inc	12.6M	$800.6M	2.4%	—	$82.42	-21.79%	9 qtrs	Increased 56
PPG PPG Industries Inc	7.1M	$727.3M	2.2%	—	$103.92	-0.23%	4 qtrs	Increased 88
CRBG Corebridge Financial Inc	23.6M	$713M	2.1%	—	$32.20	-5.96%	10 qtrs	Increased 58
NOV NOV Inc	42.2M	$659M	2.0%	—	$13.98	+13.08%	20 qtrs	Decreased 0
DOW Dow Inc	27.6M	$645.9M	1.9%	—	$35.92	-34.56%	24 qtrs	Increased 50
NOK NOKIA CORP	91.9M	$594.9M	1.8%	—	$4.05	+60.73%	19 qtrs	Increased 57
UHS Universal Health Services Inc	2.1M	$460.6M	1.4%	—	$199.09	+13.05%	9 qtrs	Increased 63
PVH PVH Corp	6.2M	$415.2M	1.2%	—	$82.11	-17.09%	28 qtrs	Decreased 0
Showing 25 of 157 results.PROUpgrade to see all →

Accumulation Streaks

Positions with 2+ consecutive quarters of increases — persistent directional conviction.

Security

BAXBaxter International Inc

Q1 2024 → Q4 2025+45.8M shares+$400.3M

SWKSSkyworks Solutions Inc

Q1 2024 → Q4 2025+9.9M shares+$498.3M

KSPIKASPI KZ JSC

Q3 2024 → Q4 2025+1.8M shares+$99.4M

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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer