SEC 13F Intelligence

Managers / Q4 2018 · view latest →

PZENA INVESTMENT MANAGEMENT LLC

CIK 0001027796 · 320 PARK AVENUE, 8TH FLOOR, NEW YORK, NY, 10022 · 212-355-1600

Reported Value
$17.1B
Q4 2018
Positions
189
Filings on Record
31
2019–present window
Filed
Feb 8, 2019
original filing

Summary

Pzena Investment Management LLC reported $17.1B in U.S.-listed holdings across 189 positions for Q4 2018.

Its largest position, Mylan, represents 3.4% of the portfolio.

Portfolio Metrics

Top-10 Concentration
+27.9%
share of reported value
Largest Position
+3.4%
Mylan

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $17.1BQ4 ’18Q1 ’19: $18.4BQ2 ’19: $19.0BQ3 ’19: $18.4BQ4 ’19: $21.4BQ4 ’19Q1 ’20: $13.2BQ2 ’20: $15.3BQ3 ’20: $16.0BQ4 ’20: $21.2BQ4 ’20Q1 ’21: $24.6BQ2 ’21: $25.7BQ3 ’21: $25.3BQ4 ’21: $26.5BQ4 ’21Q1 ’22: $26.5BQ2 ’22: $22.3BQ3 ’22: $20.1BQ4 ’22: $22.6BQ4 ’22Q1 ’23: $23.2BQ2 ’23: $23.4BQ3 ’23: $23.3BQ4 ’23: $26.6BQ4 ’23Q1 ’24: $29.1BQ2 ’24: $28.4BQ3 ’24: $31.0BQ4 ’24: $29.4BQ4 ’24Q1 ’25: $28.6BQ2 ’25: $30.8BQ3 ’25: $30.9BQ4 ’25: $33.4BQ4 ’25Q1 ’26: $30.8Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 82.0%Other: 13.9%ADR: 4.0%REIT: 0.1%GDR: 0.1%
  • Common Stock · 82.0% · $14.0B
  • Other · 13.9% · $2.4B
  • ADR · 4.0% · $678M
  • REIT · 0.1% · $12M
  • GDR · 0.1% · $12M

Quarter-over-Quarter Changes full breakdown →

IssuerMoveShare ΔShares nowValue ΔValue now
MYLAN NVNEW+20.96M20.96M+$574M$574M
OMCOMNICOM GROUPNEW+6.88M6.88M+$504M$504M
CTSHCOGNIZANT TECH SOLUTIONS - ANEW+7.61M7.61M+$483M$483M
GENERAL ELECTRIC CONEW+63.36M63.36M+$480M$480M
EIXEDISON INTERNATIONALNEW+8.43M8.43M+$478M$478M
AIGAMERICAN INTERNATIONAL GROUPNEW+12.07M12.07M+$476M$476M
ORCLORACLE CORPNEW+10.27M10.27M+$464M$464M
HPEHEWLETT PACKARD ENTERPRISE COMPANYNEW+34.38M34.38M+$454M$454M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2018

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MYLAN NVCOM3.36%$574M20.96M
2OMCOMNICOM GROUPhistory →COM2.95%$504M6.88M
3CTSHCOGNIZANT TECH SOLUTIONS - Ahistory →COM2.82%$483M7.61M
4GENERAL ELECTRIC COCOM2.80%$480M63.36M
5EIXEDISON INTERNATIONALhistory →COM2.80%$478M8.43M
6AIGAMERICAN INTERNATIONAL GROUPhistory →COM2.78%$476M12.07M
7ORCLORACLE CORPhistory →COM2.71%$464M10.27M
8HPEHEWLETT PACKARD ENTERPRISE COMPANYhistory →COM2.65%$454M34.38M
9COFCAPITAL ONE FINL CORPhistory →COM2.55%$437M5.78M
10TRVCCITIGROUP INChistory →COM2.49%$426M8.18M
11VOYAVOYA FINANCIAL INC.history →COM2.33%$399M9.94M
12BACBANK OF AMERICA CORPhistory →COM2.29%$393M15.93M
13DWDMORGAN STANLEYhistory →COM2.15%$367M9.26M
14WFCWELLS FARGO COhistory →COM2.10%$359M7.80M
15AXIS CAPITAL HOLDINGS LTDCOM2.06%$352M6.82M
16METMETLIFE INChistory →COM2.03%$347M8.44M
17NWLNEWELL BRANDS INC.history →COM1.99%$340M18.30M
18LEALEAR CORPhistory →COM1.99%$340M2.77M
19MCKMCKESSON CORPORATIONhistory →COM1.99%$340M3.08M
20IPGINTERPUBLIC GROUP OF COS INChistory →COM1.94%$332M16.10M
21FFORD MOTOR COMPANYhistory →COM1.92%$329M42.97M
22NOVEURNATIONAL OILWELL VARCO INChistory →COM1.90%$325M12.65M
23EXMOCEXXON MOBIL CORPhistory →COM1.85%$316M4.64M
24RDS/AUSDROYAL DUTCH SHELL PLC ADRhistory →COM1.80%$308M5.29M
25JPMJP MORGAN CHASE & COhistory →COM1.77%$303M3.11M
26AVTAVNET INChistory →COM1.66%$284M7.87M
27MRKMERCK & CO INChistory →COM1.64%$281M3.68M
28BENFRANKLIN RESOURCES INC.history →COM1.63%$279M9.40M
29NWSANEWS CORP - CLASS Ahistory →COM1.51%$258M22.74M
30DOVDOVER CORPhistory →COM1.43%$244M3.45M
31AXA EQUITABLE HOLDINGS INCCOM1.39%$238M14.29M
32AMGNAMGEN INChistory →COM1.37%$235M1.21M
33GSGOLDMAN SACHS GROUP INChistory →COM1.19%$204M1.22M
34KKRKKR & CO INChistory →COM1.07%$183M9.30M
35HALHALLIBURTON COhistory →COM0.99%$169M6.36M
36PFEPFIZER INChistory →COM0.94%$161M3.70M
37CVECENOVUS ENERGY INC.history →COM0.87%$148M21.09M
38SWKSTANLEY BLACK & DECKER INChistory →COM0.87%$148M1.24M
39WILLIS TOWERS WATSON PLCCOM0.85%$145M957.8K
40WMTWALMART INChistory →COM0.84%$144M1.55M
41CICIGNA CORPhistory →COM0.81%$139M733.4K
42CAHCARDINAL HEALTH INChistory →COM0.80%$137M3.07M
43BPBP PLC - SPONS ADRhistory →COM0.77%$132M3.48M
44RRYDER SYSTEM INC.history →COM0.75%$129M2.67M
45JELDJELD-WEN HOLDING INChistory →COM0.69%$119M8.35M
46MDMEDNAX INChistory →COM0.65%$110M3.35M
47AVANGRID INCCOM0.63%$107M2.14M
48AXE3EURANIXTER INTERNATIONAL INChistory →COM0.61%$104M1.92M
49KEYKEY CORPhistory →COM0.61%$104M7.05M
50FITBFIFTH THIRD BANCORPhistory →COM0.58%$99M4.19M

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$30.8B192Apr 24, 202613F-HRchanges · EDGAR ↗
Q4 2025$33.4B189Feb 6, 202613F-HRchanges · EDGAR ↗
Q3 2025$30.9B186Nov 7, 202513F-HRchanges · EDGAR ↗
Q2 2025$30.8B184Jul 25, 202513F-HRchanges · EDGAR ↗
Q1 2025$28.6B178May 2, 202513F-HRchanges · EDGAR ↗
Q4 2024$29.4B184Feb 7, 202513F-HRchanges · EDGAR ↗
Q3 2024$31.0B191Nov 8, 202413F-HRchanges · EDGAR ↗
Q2 2024$28.4B194Aug 2, 202413F-HRchanges · EDGAR ↗
Q1 2024$29.1B220May 3, 202413F-HRchanges · EDGAR ↗
Q4 2023$26.6B222Feb 9, 202413F-HRchanges · EDGAR ↗
Q3 2023$23.3B165Nov 9, 202313F-HRchanges · EDGAR ↗
Q2 2023$23.4B166Aug 4, 202313F-HRchanges · EDGAR ↗
Q1 2023$23.2B168May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022$22.6B186Feb 3, 202313F-HRchanges · EDGAR ↗
Q3 2022$20.1B181Nov 14, 2022RESTATEMENTchanges · EDGAR ↗
Q2 2022$22.3B173Aug 5, 202213F-HRchanges · EDGAR ↗
Q1 2022$26.5B182May 6, 202213F-HRchanges · EDGAR ↗
Q4 2021$26.5B179Feb 4, 202213F-HRchanges · EDGAR ↗
Q3 2021$25.3B173Nov 5, 202113F-HRchanges · EDGAR ↗
Q2 2021$25.7B170Aug 6, 202113F-HRchanges · EDGAR ↗
Q1 2021$24.6B175May 7, 202113F-HRchanges · EDGAR ↗
Q4 2020$21.2B171Feb 5, 202113F-HRchanges · EDGAR ↗
Q3 2020$16.0B172Oct 30, 202013F-HRchanges · EDGAR ↗
Q2 2020$15.3B174Jul 31, 202013F-HRchanges · EDGAR ↗
Q1 2020$13.2B169May 1, 202013F-HRchanges · EDGAR ↗
Q4 2019$21.4B178Feb 7, 202013F-HRchanges · EDGAR ↗
Q3 2019$18.4B179Nov 1, 201913F-HRchanges · EDGAR ↗
Q2 2019$19.0B176Aug 2, 201913F-HRchanges · EDGAR ↗
Q1 2019$18.4B176May 3, 201913F-HRchanges · EDGAR ↗
Q4 2018$17.1B189Feb 8, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 3 additional managers.

  • ALPS ADVISORS INC028-12230
  • American Beacon Advisors, Inc.028-14511
  • Russell Investments Group, Ltd.028-17598

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.