What Richard Pzena bought and sold in Q4 2025
In Q4 2025, Richard Pzena (Pzena Investment Management) opened 11 new positions — including STZ (0.2%), KNX (0.2%), DNOW (0.2%), added to 18, trimmed 19, exited 8 (37M, FNF, GJB). The book stood at $33.40B across 157 positions, filed Feb 6, 2026.
11New18Added19Trimmed8Exited
New positions (11)
- STZConstellation Brands Inc-a0.2% · $81M
- KNXKnight-swift Transportation0.2% · $66M
- DNOWDnow Inc0.2% · $55M
- GOOGLAlphabet Inc-cl A0.2% · $54M
- WGOWinnebago Industries0.1% · $38M
- TPGTpg Inc<0.1% · $216K
- ADMArcher-daniels-midland CO<0.1% · $278K
- HO1Hologic Inc<0.1% · $306K
- TAKTakeda Pharmaceutic-sp Adr<0.1% · $322K
- CINFCincinnati Financial Corp<0.1% · $293K
- DOCUDocusign Inc<0.1% · $308K
Added to (18)
- BAXBaxter International Inc+22% shares · 4.0% · $1.34B
- DOXAmdocs Ltd+83% shares · 2.9% · $969M
- BMYBristol-myers Squibb CO+20% shares · 2.9% · $968M
- METMetlife Inc+23% shares · 2.8% · $938M
- PPGPpg Industries Inc+306% shares · 2.2% · $727M
- UHSUniversal Health Services-b+31% shares · 1.4% · $461M
- ACNAccenture Plc Ireland+287% shares · 1.1% · $351M
- KSPIJsc Kaspi.kz Adr+56% shares · 0.6% · $211M
- LKQLkq Corp+31% shares · 0.4% · $132M
- CNXCConcentrix Corp+32% shares · 0.4% · $122M
- RHIRobert Half Inc+38% shares · 0.4% · $119M
- MYEMyers Industries Inc+814% shares · 0.1% · $24M
- DISWalt Disney Co/the+3446% shares · <0.1% · $10M
- PHGKoninklijke Philips Nvr- NY+26% shares · <0.1% · $1M
- EQNREquinor Asa-spon Adr+79% shares · <0.1% · $698K
- GSKGsk Plc-spon Adr+54% shares · <0.1% · $659K
- SNYSanofi-adr+76% shares · <0.1% · $569K
- HIGHartford Insurance Group Inc+23% shares · <0.1% · $293K
Trimmed (19)
- MDTMedtronic Plc-46% shares · 0.9% · $309M
- DALDelta Air Lines Inc-29% shares · 0.6% · $207M
- TELTE Connectivity Plc-57% shares · 0.6% · $185M
- MSMorgan Stanley-40% shares · 0.3% · $84M
- REZIResideo Technologies Inc-38% shares · 0.1% · $48M
- DRHDiamondrock Hospitality CO-38% shares · 0.1% · $48M
- WCCWesco International Inc-47% shares · 0.1% · $28M
- CHTRCharter Communications Inc-a-71% shares · 0.1% · $25M
- TRSTrimas Corp-59% shares · 0.1% · $19M
- GSGoldman Sachs Group Inc-90% shares · <0.1% · $11M
- TSMTaiwan Semiconductor-sp Adr-38% shares · <0.1% · $8M
- BIDUBaidu Inc - Spon Adr-33% shares · <0.1% · $7M
- BABAAlibaba Group Holding-sp Adr-39% shares · <0.1% · $4M
- VALEVale Sa-sp Adr-40% shares · <0.1% · $2M
- CIGCia Energetica De-spon Adr-46% shares · <0.1% · $2M
- ITUBItau Unibanco H-spon Prf Adr-45% shares · <0.1% · $2M
- KBKB Financial Group Inc-adr-46% shares · <0.1% · $2M
- PBR/APetroleo Brasil-sp Pref Adr-46% shares · <0.1% · $1M
- BCSBarclays Plc-spons Adr-25% shares · <0.1% · $1M
Exited (8)
- 37MMrc Global Incwas 0.2% of book
- FNFFidelity National Financialwas <0.1% of book
- GJBSteelcase Inc-cl Awas <0.1% of book
- CHRWC.h. Robinson Worldwide Incwas <0.1% of book
- CALMCal-maine Foods Incwas <0.1% of book
- DELLDell Technologies -Cwas <0.1% of book
- AMATApplied Materials Incwas <0.1% of book
- DANDana Incwas <0.1% of book
Richard Pzena's other filings
Changes vs the prior quarter's 13F, long US equity positions only (no shorts, options, or non-US listings). ADD/TRIM are share- count changes of ±20% or more. Sourced from SEC EDGAR. Not investment advice.