What stocks does Richard Pzena own?

As of 2026Q2, Richard Pzena's 13F discloses 161 positions worth $34.07B. The top five holdings: MGA (6.5%), HUM (5.1%), BAX (4.1%), CVS (3.6%), DG (3.5%). 13F filings cover long US-listed equities only — cash, bonds, shorts, and non-US positions are not disclosed.

What did Richard Pzena buy this quarter?

In 2026Q2, the filing shows 12 new positions and 21 additions to existing holdings. The largest positions touched by buying: DG, CTSH, CRBG, ACN, LKQ.

How big is Richard Pzena's portfolio?

$34.07B across 161 positions per the latest 13F (filed Aug 7, 2026). The top five holdings account for 23% of the disclosed book.

← All super investors

Richard Pzena

Pzena Investment Management

$34.07B

disclosed 13F portfolio · 161 positions

top-5 concentration23%

Q2 2026 · filed Aug 7, 2026

Cloning this 13F returned11.7%/yrvs the S&P 500's13.7%/yrover the same 12.2 years· why →

Richard Pzena (Pzena Investment Management) discloses a $34.07B portfolio across 161 US-listed positions in the latest 13F filing (2026Q2, filed Aug 7, 2026). The largest holding is MGA at 6.5% of the book. The biggest move of the quarter: added 48% to the DG share count (position now $1.18B). Mechanically cloning this 13F returned 11.7%/yr over the past 12.2 years, versus 13.7%/yr for the S&P 500 across that identical 12.2-year window.

Share𝕏 in

Holdings (161) · click any column to sort

#↑	Ticker	Issuer	% Port.	This Q	History	Value
1	MGA	Magna International Inc	6.5%		15q held	$2.23B
2	HUM	Humana Inc	5.1%		19q held	$1.75B
3	BAX	Baxter International Inc	4.1%		14q held	$1.39B
4	CVS	Cvs Health Corp	3.6%		31q held	$1.22B
5	DG	Dollar General Corp	3.5%	+48%	12q held	$1.18B
6	SWKS	Skyworks Solutions Inc	3.2%		15q held	$1.08B
7	CTSH	Cognizant Tech Solutions-a	3.0%	+31%	40q held	$1.03B
8	BMY	Bristol-myers Squibb CO	2.9%		28q held	$980M
9	TSN	Tyson Foods Inc-cl A	2.9%		15q held	$974M
10	CRBG	Corebridge Financial Inc	2.8%	+25%	12q held	$967M
11	PPG	Ppg Industries Inc	2.8%		6q held	$947M
12	MET	Metlife Inc	2.8%		40q held	$942M
13	COF	Capital One Financial Corp	2.7%		40q held	$922M
14	UBS	Ubs Group AG	2.7%		40q held	$906M
15	LEA	Lear Corp	2.6%		31q held	$890M
16	GPN	Global Payments Inc	2.5%		12q held	$848M
17	C	Citigroup Inc	2.3%	-32%	40q held	$777M
18	WFC	Wells Fargo & CO	2.1%		40q held	$730M
19	DOX	Amdocs Ltd	2.1%		39q held	$707M
20	SSNC	Ss&c Technologies Holdings	2.0%		24q held	$685M
21	NOV	Nov Inc	2.0%		22q held	$675M
22	ACN	Accenture Plc Ireland	1.9%	+114%	4q held	$640M
23	PVH	Pvh Corp	1.3%		30q held	$445M
24	LKQ	Lkq Corp	1.2%	+143%	6q held	$399M
25	CDW	Cdw Corp/de	1.1%	+137%	5q held	$371M
26	BAC	Bank OF America Corp	1.1%		40q held	$360M
27	DOW	Dow Inc	1.0%	-34%	26q held	$342M
28	FMS	Fresenius Medical Care-adr	1.0%		20q held	$339M
29	G2519Y108	Credicorp Ltd	1.0%		16q held	$326M
30	VOYA	Voya Financial Inc	0.9%		40q held	$320M
31	NWL	Newell Brands Inc	0.9%		33q held	$295M
32	UHS	Universal Health Services-b	0.9%		11q held	$293M
33	AVT	Avnet Inc	0.8%	-45%	40q held	$277M
34	AAP	Advance Auto Parts Inc	0.8%		12q held	$273M
35	KSPI	Jsc Kaspi.kz Adr	0.8%		9q held	$266M
36	MDT	Medtronic Plc	0.7%		16q held	$246M
37	DAL	Delta Air Lines Inc	0.7%		8q held	$245M
38	EQH	Equitable Holdings Inc	0.7%	+25%	26q held	$244M
39	GL	Globe Life Inc	0.7%	+32%	28q held	$242M
40	WDAY	Workday Inc-class A	0.7%	New	— 1q held	$241M
41	SPB	Spectrum Brands Holdings Inc	0.6%		30q held	$208M
42	N5505D105	Magnum Ice Cream CO NV	0.6%	+88%	2q held	$201M
43	SHEL	Shell Plc-adr	0.6%		18q held	$200M
44	RHI	Robert Half Inc	0.6%		12q held	$191M
45	ZTO	Zto Express Cayman Inc-adr	0.5%		12q held	$164M
46	MBC	Masterbrand Inc	0.5%	+302%	15q held	$158M
47	CI	The Cigna Group	0.5%		31q held	$155M
48	CSCO	Cisco Systems Inc	0.4%		40q held	$151M
49	PFE	Pfizer Inc	0.4%		40q held	$143M
50	MHK	Mohawk Industries Inc	0.4%		30q held	$139M
51	HAL	Halliburton CO	0.4%		40q held	$133M
52	BEKE	KE Holdings Inc-adr	0.4%	New	— 1q held	$129M
53	KT	KT Corp-sp Adr	0.4%		2q held	$126M
54	CNO	Cno Financial Group Inc	0.4%		30q held	$124M
55	TEL	TE Connectivity Plc	0.3%		8q held	$112M
56	L44385109	Globant S A	0.3%	+30%	2q held	$112M
57	JPM	Jpmorgan Chase & CO	0.3%		40q held	$109M
58	G8060N102	Sensata Technologies Hldg PL	0.3%	-35%	4q held	$108M
59	MS	Morgan Stanley	0.3%		40q held	$95M
60	G3922B107	Genpact Limited	0.3%	+353%	40q held	$91M
61	FITB	Fifth Third Bancorp	0.3%		40q held	$89M
62	G0457F107	Arcos Dorados Hldgs Inc	0.3%		5q held	$87M
63	ELV	Elevance Health Inc	0.3%		24q held	$87M
64	DIS	Walt Disney Co/the	0.3%	+879%	12q held	$85M
65	STZ	Constellation Brands Inc-a	0.2%		3q held	$83M
66	XOM	Exxon Mobil Corp	0.2%		40q held	$81M
67	ABM	Abm Industries Inc	0.2%		9q held	$80M
68	OLN	Olin Corp	0.2%		27q held	$77M
69	CNXC	Concentrix Corp	0.2%		11q held	$76M
70	TFX	Teleflex Inc	0.2%		5q held	$76M
71	PLOW	Douglas Dynamics Inc	0.2%		9q held	$75M
72	ONB	Old National Bancorp	0.2%		18q held	$74M
73	HSIC	Henry Schein Inc	0.2%		18q held	$72M
74	GPC	Genuine Parts CO	0.2%		6q held	$70M
75	G0084W101	Adient Plc	0.2%		16q held	$69M
76	COLB	Columbia Banking System Inc	0.2%		14q held	$68M
77	WSFS	Wsfs Financial Corp	0.2%		40q held	$68M
78	MMI	Marcus & Millichap Inc	0.2%		12q held	$67M
79	NOK	Nokia Corp-spon Adr	0.2%	-92%	21q held	$67M
80	OSK	Oshkosh Corp	0.2%		5q held	$64M
81	MLKN	Millerknoll Inc	0.2%	+52%	2q held	$62M
82	ASB	Associated Banc-corp	0.2%		40q held	$61M
83	GOOGL	Alphabet Inc-cl A	0.2%		3q held	$61M
84	SCSC	Scansource Inc	0.2%	+22%	40q held	$58M
85	KFY	Korn Ferry	0.2%		11q held	$58M
86	RF	Regions Financial Corp	0.2%		40q held	$56M
87	HUN	Huntsman Corp	0.2%		8q held	$55M
88	H00501108	Aebi Schmidt Hldg AG	0.2%		4q held	$54M
89	WGO	Winnebago Industries	0.2%	+72%	3q held	$53M
90	REZI	Resideo Technologies Inc	0.2%	+22%	14q held	$52M
91	MBUU	Malibu Boats Inc - A	0.1%		9q held	$49M
92	TGT	Target Corp	0.1%		6q held	$49M
93	KOP	Koppers Holdings Inc	0.1%		16q held	$48M
94	VREX	Varex Imaging Corp	0.1%		31q held	$45M
95	HR	Healthcare Realty Trust Inc	0.1%		8q held	$45M
96	MSM	Msc Industrial Direct Co-a	0.1%		28q held	$44M
97	SHG	Shinhan Financial Group-adr	0.1%		40q held	$42M
98	HDB	Hdfc Bank Ltd-adr	0.1%		11q held	$42M
99	CBRE	Cbre Group Inc - A	0.1%		26q held	$41M
100	HVT	Haverty Furniture	0.1%		8q held	$40M
101	GD	General Dynamics Corp	0.1%		20q held	$38M
102	HCA	Hca Healthcare Inc	0.1%		6q held	$38M
103	DNOW	Dnow Inc	0.1%		3q held	$38M
104	GCO	Genesco Inc	0.1%		12q held	$37M
105	KEY	Keycorp	0.1%		40q held	$37M
106	UVSP	Univest Financial Corp	0.1%		26q held	$37M
107	BFH	Bread Financial Holdings Inc	0.1%	-47%	13q held	$35M
108	DRH	Diamondrock Hospitality CO	0.1%		40q held	$34M
109	AIG	American International Group	0.1%		40q held	$34M
110	SOLV	Solventum Corp	0.1%		4q held	$32M
111	L72967109	Orion S.a.	0.1%		25q held	$32M
112	NVST	Envista Holdings Corp	0.1%	-28%	7q held	$30M
113	MYE	Myers Industries Inc	0.1%	-39%	4q held	$28M
114	HOFT	Hooker Furnishings Corp	0.1%		28q held	$28M
115	ARW	Arrow Electronics Inc	0.1%	-41%	40q held	$27M
116	USNA	Usana Health Sciences Inc	0.1%		20q held	$26M
117	LDOS	Leidos Holdings Inc	0.1%		16q held	$26M
118	WCC	Wesco International Inc	0.1%	-37%	9q held	$25M
119	TBI	Trueblue Inc	0.1%		24q held	$22M
120	G4388N106	Helen OF Troy Ltd	0.1%		8q held	$20M
121	UVV	Universal Corp/va	0.1%		40q held	$19M
122	MAN	Manpowergroup Inc	<0.1%		9q held	$12M
123	ABEV	Ambev Sa-adr	<0.1%	-21%	24q held	$12M
124	BIDU	Baidu Inc - Spon Adr	<0.1%		38q held	$5M
125	KNX	Knight-swift Transportation	<0.1%	-95%	3q held	$5M
126	ING	Ing Groep N.v.-sponsored Adr	<0.1%		15q held	$3M
127	BABA	Alibaba Group Holding-sp Adr	<0.1%		20q held	$3M
128	HSBC	Hsbc Holdings Plc-spons Adr	<0.1%		15q held	$2M
129	TSM	Taiwan Semiconductor-sp Adr	<0.1%	-79%	40q held	$2M
130	F92124100	Totalenergies SE	<0.1%		3q held	$2M
131	PHG	Koninklijke Philips Nvr- NY	<0.1%		13q held	$1M
132	GSK	Gsk Plc-spon Adr	<0.1%	+30%	5q held	$1M
133	EQNR	Equinor Asa-spon Adr	<0.1%		7q held	$1M
134	SNY	Sanofi-adr	<0.1%	+33%	6q held	$1M
135	SAP	Sap Se-sponsored Adr	<0.1%	New	— 1q held	$1M
136	CIG	Cia Energetica De-spon Adr	<0.1%	-58%	26q held	$953K
137	VALE	Vale Sa-sp Adr	<0.1%	-69%	11q held	$889K
138	SMFG	Sumitomo Mitsui-spons Adr	<0.1%		18q held	$880K
139	KB	KB Financial Group Inc-adr	<0.1%	-60%	32q held	$802K
140	PBR/A	Petroleo Brasil-sp Pref Adr	<0.1%	-73%	16q held	$778K
141	ITUB	Itau Unibanco H-spon Prf Adr	<0.1%	-64%	23q held	$656K
142	TAK	Takeda Pharmaceutic-sp Adr	<0.1%	+33%	3q held	$606K
143	BCS	Barclays Plc-spons Adr	<0.1%		19q held	$551K
144	MT	Arcelormittal-ny Registered	<0.1%	-56%	15q held	$493K
145	ZBRA	Zebra Technologies Corp-cl A	<0.1%	New	— 1q held	$358K
146	MRK	Merck & Co. Inc.	<0.1%		28q held	$323K
147	HALO	Halozyme Therapeutics Inc	<0.1%		7q held	$317K
148	TOST	Toast Inc-class A	<0.1%	New	— 1q held	$304K
149	ORCL	Oracle Corp	<0.1%	New	31q held	$304K
150	ADSK	Autodesk Inc	<0.1%	+48%	2q held	$293K
151	NVDA	Nvidia Corp	<0.1%	New	— 1q held	$289K
152	QRVO	Qorvo Inc	<0.1%	New	20q held	$284K
153	MSFT	Microsoft Corp	<0.1%		14q held	$282K
154	GE	General Electric	<0.1%		15q held	$275K
155	EXPE	Expedia Group Inc	<0.1%	New	3q held	$271K
156	WBS	Webster Financial Corp	<0.1%	-99%	40q held	$244K
157	CRM	Salesforce Inc	<0.1%	New	— 1q held	$235K
158	ADBE	Adobe Inc	<0.1%		5q held	$224K
159	GEV	GE Vernova Inc	<0.1%	New	— 1q held	$216K
160	STT	State Street Corp	<0.1%	New	10q held	$209K
161	DOCU	Docusign Inc	<0.1%		7q held	$200K

Sort↑

1MGA
port6.5%
val$2.23B
Magna International Inc
this Q hold·15q
2HUM
port5.1%
val$1.75B
Humana Inc
this Q hold·19q
3BAX
port4.1%
val$1.39B
Baxter International Inc
this Q hold·14q
4CVS
port3.6%
val$1.22B
Cvs Health Corp
this Q hold·31q
5DG
port3.5%
val$1.18B
Dollar General Corp
this Q +48%·12q
6SWKS
port3.2%
val$1.08B
Skyworks Solutions Inc
this Q hold·15q
7CTSH
port3.0%
val$1.03B
Cognizant Tech Solutions-a
this Q +31%·40q
8BMY
port2.9%
val$980M
Bristol-myers Squibb CO
this Q hold·28q
9TSN
port2.9%
val$974M
Tyson Foods Inc-cl A
this Q hold·15q
10CRBG
port2.8%
val$967M
Corebridge Financial Inc
this Q +25%·12q
11PPG
port2.8%
val$947M
Ppg Industries Inc
this Q hold·6q
12MET
port2.8%
val$942M
Metlife Inc
this Q hold·40q
13COF
port2.7%
val$922M
Capital One Financial Corp
this Q hold·40q
14UBS
port2.7%
val$906M
Ubs Group AG
this Q hold·40q
15LEA
port2.6%
val$890M
Lear Corp
this Q hold·31q
16GPN
port2.5%
val$848M
Global Payments Inc
this Q hold·12q
17C
port2.3%
val$777M
Citigroup Inc
this Q -32%·40q
18WFC
port2.1%
val$730M
Wells Fargo & CO
this Q hold·40q
19DOX
port2.1%
val$707M
Amdocs Ltd
this Q hold·39q
20SSNC
port2.0%
val$685M
Ss&c Technologies Holdings
this Q hold·24q
21NOV
port2.0%
val$675M
Nov Inc
this Q hold·22q
22ACN
port1.9%
val$640M
Accenture Plc Ireland
this Q +114%·4q
23PVH
port1.3%
val$445M
Pvh Corp
this Q hold·30q
24LKQ
port1.2%
val$399M
Lkq Corp
this Q +143%·6q
25CDW
port1.1%
val$371M
Cdw Corp/de
this Q +137%·5q
26BAC
port1.1%
val$360M
Bank OF America Corp
this Q hold·40q
27DOW
port1.0%
val$342M
Dow Inc
this Q -34%·26q
28FMS
port1.0%
val$339M
Fresenius Medical Care-adr
this Q hold·20q
29G2519Y108
port1.0%
val$326M
Credicorp Ltd
this Q hold·16q
30VOYA
port0.9%
val$320M
Voya Financial Inc
this Q hold·40q
31NWL
port0.9%
val$295M
Newell Brands Inc
this Q hold·33q
32UHS
port0.9%
val$293M
Universal Health Services-b
this Q hold·11q
33AVT
port0.8%
val$277M
Avnet Inc
this Q -45%·40q
34AAP
port0.8%
val$273M
Advance Auto Parts Inc
this Q hold·12q
35KSPI
port0.8%
val$266M
Jsc Kaspi.kz Adr
this Q hold·9q
36MDT
port0.7%
val$246M
Medtronic Plc
this Q hold·16q
37DAL
port0.7%
val$245M
Delta Air Lines Inc
this Q hold·8q
38EQH
port0.7%
val$244M
Equitable Holdings Inc
this Q +25%·26q
39GL
port0.7%
val$242M
Globe Life Inc
this Q +32%·28q
40WDAY
port0.7%
val$241M
Workday Inc-class A
this Q New·—1q
41SPB
port0.6%
val$208M
Spectrum Brands Holdings Inc
this Q hold·30q
42N5505D105
port0.6%
val$201M
Magnum Ice Cream CO NV
this Q +88%·2q
43SHEL
port0.6%
val$200M
Shell Plc-adr
this Q hold·18q
44RHI
port0.6%
val$191M
Robert Half Inc
this Q hold·12q
45ZTO
port0.5%
val$164M
Zto Express Cayman Inc-adr
this Q hold·12q
46MBC
port0.5%
val$158M
Masterbrand Inc
this Q +302%·15q
47CI
port0.5%
val$155M
The Cigna Group
this Q hold·31q
48CSCO
port0.4%
val$151M
Cisco Systems Inc
this Q hold·40q
49PFE
port0.4%
val$143M
Pfizer Inc
this Q hold·40q
50MHK
port0.4%
val$139M
Mohawk Industries Inc
this Q hold·30q
51HAL
port0.4%
val$133M
Halliburton CO
this Q hold·40q
52BEKE
port0.4%
val$129M
KE Holdings Inc-adr
this Q New·—1q
53KT
port0.4%
val$126M
KT Corp-sp Adr
this Q hold·2q
54CNO
port0.4%
val$124M
Cno Financial Group Inc
this Q hold·30q
55TEL
port0.3%
val$112M
TE Connectivity Plc
this Q hold·8q
56L44385109
port0.3%
val$112M
Globant S A
this Q +30%·2q
57JPM
port0.3%
val$109M
Jpmorgan Chase & CO
this Q hold·40q
58G8060N102
port0.3%
val$108M
Sensata Technologies Hldg PL
this Q -35%·4q
59MS
port0.3%
val$95M
Morgan Stanley
this Q hold·40q
60G3922B107
port0.3%
val$91M
Genpact Limited
this Q +353%·40q
61FITB
port0.3%
val$89M
Fifth Third Bancorp
this Q hold·40q
62G0457F107
port0.3%
val$87M
Arcos Dorados Hldgs Inc
this Q hold·5q
63ELV
port0.3%
val$87M
Elevance Health Inc
this Q hold·24q
64DIS
port0.3%
val$85M
Walt Disney Co/the
this Q +879%·12q
65STZ
port0.2%
val$83M
Constellation Brands Inc-a
this Q hold·3q
66XOM
port0.2%
val$81M
Exxon Mobil Corp
this Q hold·40q
67ABM
port0.2%
val$80M
Abm Industries Inc
this Q hold·9q
68OLN
port0.2%
val$77M
Olin Corp
this Q hold·27q
69CNXC
port0.2%
val$76M
Concentrix Corp
this Q hold·11q
70TFX
port0.2%
val$76M
Teleflex Inc
this Q hold·5q
71PLOW
port0.2%
val$75M
Douglas Dynamics Inc
this Q hold·9q
72ONB
port0.2%
val$74M
Old National Bancorp
this Q hold·18q
73HSIC
port0.2%
val$72M
Henry Schein Inc
this Q hold·18q
74GPC
port0.2%
val$70M
Genuine Parts CO
this Q hold·6q
75G0084W101
port0.2%
val$69M
Adient Plc
this Q hold·16q
76COLB
port0.2%
val$68M
Columbia Banking System Inc
this Q hold·14q
77WSFS
port0.2%
val$68M
Wsfs Financial Corp
this Q hold·40q
78MMI
port0.2%
val$67M
Marcus & Millichap Inc
this Q hold·12q
79NOK
port0.2%
val$67M
Nokia Corp-spon Adr
this Q -92%·21q
80OSK
port0.2%
val$64M
Oshkosh Corp
this Q hold·5q
81MLKN
port0.2%
val$62M
Millerknoll Inc
this Q +52%·2q
82ASB
port0.2%
val$61M
Associated Banc-corp
this Q hold·40q
83GOOGL
port0.2%
val$61M
Alphabet Inc-cl A
this Q hold·3q
84SCSC
port0.2%
val$58M
Scansource Inc
this Q +22%·40q
85KFY
port0.2%
val$58M
Korn Ferry
this Q hold·11q
86RF
port0.2%
val$56M
Regions Financial Corp
this Q hold·40q
87HUN
port0.2%
val$55M
Huntsman Corp
this Q hold·8q
88H00501108
port0.2%
val$54M
Aebi Schmidt Hldg AG
this Q hold·4q
89WGO
port0.2%
val$53M
Winnebago Industries
this Q +72%·3q
90REZI
port0.2%
val$52M
Resideo Technologies Inc
this Q +22%·14q
91MBUU
port0.1%
val$49M
Malibu Boats Inc - A
this Q hold·9q
92TGT
port0.1%
val$49M
Target Corp
this Q hold·6q
93KOP
port0.1%
val$48M
Koppers Holdings Inc
this Q hold·16q
94VREX
port0.1%
val$45M
Varex Imaging Corp
this Q hold·31q
95HR
port0.1%
val$45M
Healthcare Realty Trust Inc
this Q hold·8q
96MSM
port0.1%
val$44M
Msc Industrial Direct Co-a
this Q hold·28q
97SHG
port0.1%
val$42M
Shinhan Financial Group-adr
this Q hold·40q
98HDB
port0.1%
val$42M
Hdfc Bank Ltd-adr
this Q hold·11q
99CBRE
port0.1%
val$41M
Cbre Group Inc - A
this Q hold·26q
100HVT
port0.1%
val$40M
Haverty Furniture
this Q hold·8q
101GD
port0.1%
val$38M
General Dynamics Corp
this Q hold·20q
102HCA
port0.1%
val$38M
Hca Healthcare Inc
this Q hold·6q
103DNOW
port0.1%
val$38M
Dnow Inc
this Q hold·3q
104GCO
port0.1%
val$37M
Genesco Inc
this Q hold·12q
105KEY
port0.1%
val$37M
Keycorp
this Q hold·40q
106UVSP
port0.1%
val$37M
Univest Financial Corp
this Q hold·26q
107BFH
port0.1%
val$35M
Bread Financial Holdings Inc
this Q -47%·13q
108DRH
port0.1%
val$34M
Diamondrock Hospitality CO
this Q hold·40q
109AIG
port0.1%
val$34M
American International Group
this Q hold·40q
110SOLV
port0.1%
val$32M
Solventum Corp
this Q hold·4q
111L72967109
port0.1%
val$32M
Orion S.a.
this Q hold·25q
112NVST
port0.1%
val$30M
Envista Holdings Corp
this Q -28%·7q
113MYE
port0.1%
val$28M
Myers Industries Inc
this Q -39%·4q
114HOFT
port0.1%
val$28M
Hooker Furnishings Corp
this Q hold·28q
115ARW
port0.1%
val$27M
Arrow Electronics Inc
this Q -41%·40q
116USNA
port0.1%
val$26M
Usana Health Sciences Inc
this Q hold·20q
117LDOS
port0.1%
val$26M
Leidos Holdings Inc
this Q hold·16q
118WCC
port0.1%
val$25M
Wesco International Inc
this Q -37%·9q
119TBI
port0.1%
val$22M
Trueblue Inc
this Q hold·24q
120G4388N106
port0.1%
val$20M
Helen OF Troy Ltd
this Q hold·8q
121UVV
port0.1%
val$19M
Universal Corp/va
this Q hold·40q
122MAN
port<0.1%
val$12M
Manpowergroup Inc
this Q hold·9q
123ABEV
port<0.1%
val$12M
Ambev Sa-adr
this Q -21%·24q
124BIDU
port<0.1%
val$5M
Baidu Inc - Spon Adr
this Q hold·38q
125KNX
port<0.1%
val$5M
Knight-swift Transportation
this Q -95%·3q
126ING
port<0.1%
val$3M
Ing Groep N.v.-sponsored Adr
this Q hold·15q
127BABA
port<0.1%
val$3M
Alibaba Group Holding-sp Adr
this Q hold·20q
128HSBC
port<0.1%
val$2M
Hsbc Holdings Plc-spons Adr
this Q hold·15q
129TSM
port<0.1%
val$2M
Taiwan Semiconductor-sp Adr
this Q -79%·40q
130F92124100
port<0.1%
val$2M
Totalenergies SE
this Q hold·3q
131PHG
port<0.1%
val$1M
Koninklijke Philips Nvr- NY
this Q hold·13q
132GSK
port<0.1%
val$1M
Gsk Plc-spon Adr
this Q +30%·5q
133EQNR
port<0.1%
val$1M
Equinor Asa-spon Adr
this Q hold·7q
134SNY
port<0.1%
val$1M
Sanofi-adr
this Q +33%·6q
135SAP
port<0.1%
val$1M
Sap Se-sponsored Adr
this Q New·—1q
136CIG
port<0.1%
val$953K
Cia Energetica De-spon Adr
this Q -58%·26q
137VALE
port<0.1%
val$889K
Vale Sa-sp Adr
this Q -69%·11q
138SMFG
port<0.1%
val$880K
Sumitomo Mitsui-spons Adr
this Q hold·18q
139KB
port<0.1%
val$802K
KB Financial Group Inc-adr
this Q -60%·32q
140PBR/A
port<0.1%
val$778K
Petroleo Brasil-sp Pref Adr
this Q -73%·16q
141ITUB
port<0.1%
val$656K
Itau Unibanco H-spon Prf Adr
this Q -64%·23q
142TAK
port<0.1%
val$606K
Takeda Pharmaceutic-sp Adr
this Q +33%·3q
143BCS
port<0.1%
val$551K
Barclays Plc-spons Adr
this Q hold·19q
144MT
port<0.1%
val$493K
Arcelormittal-ny Registered
this Q -56%·15q
145ZBRA
port<0.1%
val$358K
Zebra Technologies Corp-cl A
this Q New·—1q
146MRK
port<0.1%
val$323K
Merck & Co. Inc.
this Q hold·28q
147HALO
port<0.1%
val$317K
Halozyme Therapeutics Inc
this Q hold·7q
148TOST
port<0.1%
val$304K
Toast Inc-class A
this Q New·—1q
149ORCL
port<0.1%
val$304K
Oracle Corp
this Q New·31q
150ADSK
port<0.1%
val$293K
Autodesk Inc
this Q +48%·2q
151NVDA
port<0.1%
val$289K
Nvidia Corp
this Q New·—1q
152QRVO
port<0.1%
val$284K
Qorvo Inc
this Q New·20q
153MSFT
port<0.1%
val$282K
Microsoft Corp
this Q hold·14q
154GE
port<0.1%
val$275K
General Electric
this Q hold·15q
155EXPE
port<0.1%
val$271K
Expedia Group Inc
this Q New·3q
156WBS
port<0.1%
val$244K
Webster Financial Corp
this Q -99%·40q
157CRM
port<0.1%
val$235K
Salesforce Inc
this Q New·—1q
158ADBE
port<0.1%
val$224K
Adobe Inc
this Q hold·5q
159GEV
port<0.1%
val$216K
GE Vernova Inc
this Q New·—1q
160STT
port<0.1%
val$209K
State Street Corp
this Q New·10q
161DOCU
port<0.1%
val$200K
Docusign Inc
this Q hold·7q

Beyond the 13F

as of 2026-05-31

Across Richard Pzena’s registered funds — $4.24B disclosed in SEC Form N-PORT — just 6.5% sits in US-listed equity, the only slice a 13F reports. The other $3.97B is foreign listings and cash — none of which a 13F can show.

US-listed equity (13F-eligible) · $276MForeign-listed equity · $3.87BCash & equivalents · $96M

Where the hidden money is

South Korea		16.2%
China		15.9%
Hong Kong		13.2%
Brazil		12.7%
Taiwan		9.1%
HU		5.4%
Thailand		3.5%
India		3.5%

+10 more countries

Largest positions no 13F shows

Samsung Electronics Co Ltd · South Korea · KRW	$241M
TSMC · Taiwan · TWD	$223M
Alibaba Group Holding Ltd · Hong Kong · HKD	$120M
CHINA OVERSEAS · Hong Kong · HKD	$107M
Ambev SA · Brazil · BRL	$107M
Galaxy Entertainment Group Ltd · Hong Kong · HKD	$103M
Haier Smart Home Co Ltd · China · HKD	$99M
Weichai Power Co Ltd · China · HKD	$99M

From SEC Form N-PORT, which registered funds file with their full portfolio — every currency, asset class and short. Covers 1 fund. The percentage above is the composition of those funds, not a ratio between two filings: a 13F spans every discretionary account but only US-listed securities, while N-PORT covers only the registered funds but every asset inside them — different universes, so the totals are not comparable (the 13F itself reports $34.07B for 2026-06-30). None of this feeds the backtest above, which stays a pure 13F clone.

2026Q2 moves, by size (62)(expand ↓)

Ticker	Issuer	Move	% Port.	Δ Shares	Value
CTSH	Cognizant Tech Solutions-a	ADD	3.0%	+31%	$1.03B
DG	Dollar General Corp	ADD	3.5%	+48%	$1.18B
C	Citigroup Inc	TRIM	2.3%	-32%	$777M
CRBG	Corebridge Financial Inc	ADD	2.8%	+25%	$967M
DOW	Dow Inc	TRIM	1.0%	-34%	$342M
ACN	Accenture Plc Ireland	ADD	1.9%	+114%	$640M
NOK	Nokia Corp-spon Adr	TRIM	0.2%	-92%	$67M
LKQ	Lkq Corp	ADD	1.2%	+143%	$399M
AVT	Avnet Inc	TRIM	0.8%	-45%	$277M
CDW	Cdw Corp/de	ADD	1.1%	+137%	$371M
EQH	Equitable Holdings Inc	ADD	0.7%	+25%	$244M
GL	Globe Life Inc	ADD	0.7%	+32%	$242M
WDAY	Workday Inc-class A	NEW	0.7%	+100%	$241M
N5505D105	Magnum Ice Cream CO NV	ADD	0.6%	+88%	$201M
MBC	Masterbrand Inc	ADD	0.5%	+302%	$158M
L44385109	Globant S A	ADD	0.3%	+30%	$112M
G8060N102	Sensata Technologies Hldg PL	TRIM	0.3%	-35%	$108M
BEKE	KE Holdings Inc-adr	NEW	0.4%	+100%	$129M
WAB	Wabtec Corp	EXIT	0.3%	-100%	$0
G3922B107	Genpact Limited	ADD	0.3%	+353%	$91M
DIS	Walt Disney Co/the	ADD	0.3%	+879%	$85M
KNX	Knight-swift Transportation	TRIM	<0.1%	-95%	$5M
AMWD	American Woodmark Corp	EXIT	0.2%	-100%	$0
MLKN	Millerknoll Inc	ADD	0.2%	+52%	$62M
SCSC	Scansource Inc	ADD	0.2%	+22%	$58M
JNJ	Johnson & Johnson	EXIT	0.2%	-100%	$0
WGO	Winnebago Industries	ADD	0.2%	+72%	$53M
REZI	Resideo Technologies Inc	ADD	0.2%	+22%	$52M
BFH	Bread Financial Holdings Inc	TRIM	0.1%	-47%	$35M
NVST	Envista Holdings Corp	TRIM	0.1%	-28%	$30M
WCC	Wesco International Inc	TRIM	0.1%	-37%	$25M
ARW	Arrow Electronics Inc	TRIM	0.1%	-41%	$27M
WBS	Webster Financial Corp	TRIM	<0.1%	-99%	$244K
MYE	Myers Industries Inc	TRIM	0.1%	-39%	$28M
ABEV	Ambev Sa-adr	TRIM	<0.1%	-21%	$12M
TSM	Taiwan Semiconductor-sp Adr	TRIM	<0.1%	-79%	$2M
PBR/A	Petroleo Brasil-sp Pref Adr	TRIM	<0.1%	-73%	$778K
VALE	Vale Sa-sp Adr	TRIM	<0.1%	-69%	$889K
CIG	Cia Energetica De-spon Adr	TRIM	<0.1%	-58%	$953K
KB	KB Financial Group Inc-adr	TRIM	<0.1%	-60%	$802K
ITUB	Itau Unibanco H-spon Prf Adr	TRIM	<0.1%	-64%	$656K
GSK	Gsk Plc-spon Adr	ADD	<0.1%	+30%	$1M
SAP	Sap Se-sponsored Adr	NEW	<0.1%	+100%	$1M
SNY	Sanofi-adr	ADD	<0.1%	+33%	$1M
MT	Arcelormittal-ny Registered	TRIM	<0.1%	-56%	$493K
TAK	Takeda Pharmaceutic-sp Adr	ADD	<0.1%	+33%	$606K
TOST	Toast Inc-class A	NEW	<0.1%	+100%	$304K
GEV	GE Vernova Inc	NEW	<0.1%	+100%	$216K
QRVO	Qorvo Inc	NEW	<0.1%	+100%	$284K
EXPE	Expedia Group Inc	NEW	<0.1%	+100%	$271K
STT	State Street Corp	NEW	<0.1%	+100%	$209K
CRM	Salesforce Inc	NEW	<0.1%	+100%	$235K
ORCL	Oracle Corp	NEW	<0.1%	+100%	$304K
NVDA	Nvidia Corp	NEW	<0.1%	+100%	$289K
ZBRA	Zebra Technologies Corp-cl A	NEW	<0.1%	+100%	$358K
ADSK	Autodesk Inc	ADD	<0.1%	+48%	$293K
CRUS	Cirrus Logic Inc	EXIT	<0.1%	-100%	$0
TMUS	T-mobile US Inc	EXIT	<0.1%	-100%	$0
INTU	Intuit Inc	EXIT	<0.1%	-100%	$0
HIG	Hartford Insurance Group Inc	EXIT	<0.1%	-100%	$0
HO1	Hologic Inc	EXIT	<0.1%	-100%	$0
TRS	Trimas Corp	EXIT	<0.1%	-100%	$0

ADDCTSH
3.0%
Cognizant Tech Solutions-a
Δ +31%·$1.03B
ADDDG
3.5%
Dollar General Corp
Δ +48%·$1.18B
TRIMC
2.3%
Citigroup Inc
Δ -32%·$777M
ADDCRBG
2.8%
Corebridge Financial Inc
Δ +25%·$967M
TRIMDOW
1.0%
Dow Inc
Δ -34%·$342M
ADDACN
1.9%
Accenture Plc Ireland
Δ +114%·$640M
TRIMNOK
0.2%
Nokia Corp-spon Adr
Δ -92%·$67M
ADDLKQ
1.2%
Lkq Corp
Δ +143%·$399M
TRIMAVT
0.8%
Avnet Inc
Δ -45%·$277M
ADDCDW
1.1%
Cdw Corp/de
Δ +137%·$371M
ADDEQH
0.7%
Equitable Holdings Inc
Δ +25%·$244M
ADDGL
0.7%
Globe Life Inc
Δ +32%·$242M
NEWWDAY
0.7%
Workday Inc-class A
Δ +100%·$241M
ADDN5505D105
0.6%
Magnum Ice Cream CO NV
Δ +88%·$201M
ADDMBC
0.5%
Masterbrand Inc
Δ +302%·$158M
ADDL44385109
0.3%
Globant S A
Δ +30%·$112M
TRIMG8060N102
0.3%
Sensata Technologies Hldg PL
Δ -35%·$108M
NEWBEKE
0.4%
KE Holdings Inc-adr
Δ +100%·$129M
EXITWAB
0.3%
Wabtec Corp
Δ -100%·$0
ADDG3922B107
0.3%
Genpact Limited
Δ +353%·$91M
ADDDIS
0.3%
Walt Disney Co/the
Δ +879%·$85M
TRIMKNX
<0.1%
Knight-swift Transportation
Δ -95%·$5M
EXITAMWD
0.2%
American Woodmark Corp
Δ -100%·$0
ADDMLKN
0.2%
Millerknoll Inc
Δ +52%·$62M
ADDSCSC
0.2%
Scansource Inc
Δ +22%·$58M
EXITJNJ
0.2%
Johnson & Johnson
Δ -100%·$0
ADDWGO
0.2%
Winnebago Industries
Δ +72%·$53M
ADDREZI
0.2%
Resideo Technologies Inc
Δ +22%·$52M
TRIMBFH
0.1%
Bread Financial Holdings Inc
Δ -47%·$35M
TRIMNVST
0.1%
Envista Holdings Corp
Δ -28%·$30M
TRIMWCC
0.1%
Wesco International Inc
Δ -37%·$25M
TRIMARW
0.1%
Arrow Electronics Inc
Δ -41%·$27M
TRIMWBS
<0.1%
Webster Financial Corp
Δ -99%·$244K
TRIMMYE
0.1%
Myers Industries Inc
Δ -39%·$28M
TRIMABEV
<0.1%
Ambev Sa-adr
Δ -21%·$12M
TRIMTSM
<0.1%
Taiwan Semiconductor-sp Adr
Δ -79%·$2M
TRIMPBR/A
<0.1%
Petroleo Brasil-sp Pref Adr
Δ -73%·$778K
TRIMVALE
<0.1%
Vale Sa-sp Adr
Δ -69%·$889K
TRIMCIG
<0.1%
Cia Energetica De-spon Adr
Δ -58%·$953K
TRIMKB
<0.1%
KB Financial Group Inc-adr
Δ -60%·$802K
TRIMITUB
<0.1%
Itau Unibanco H-spon Prf Adr
Δ -64%·$656K
ADDGSK
<0.1%
Gsk Plc-spon Adr
Δ +30%·$1M
NEWSAP
<0.1%
Sap Se-sponsored Adr
Δ +100%·$1M
ADDSNY
<0.1%
Sanofi-adr
Δ +33%·$1M
TRIMMT
<0.1%
Arcelormittal-ny Registered
Δ -56%·$493K
ADDTAK
<0.1%
Takeda Pharmaceutic-sp Adr
Δ +33%·$606K
NEWTOST
<0.1%
Toast Inc-class A
Δ +100%·$304K
NEWGEV
<0.1%
GE Vernova Inc
Δ +100%·$216K
NEWQRVO
<0.1%
Qorvo Inc
Δ +100%·$284K
NEWEXPE
<0.1%
Expedia Group Inc
Δ +100%·$271K
NEWSTT
<0.1%
State Street Corp
Δ +100%·$209K
NEWCRM
<0.1%
Salesforce Inc
Δ +100%·$235K
NEWORCL
<0.1%
Oracle Corp
Δ +100%·$304K
NEWNVDA
<0.1%
Nvidia Corp
Δ +100%·$289K
NEWZBRA
<0.1%
Zebra Technologies Corp-cl A
Δ +100%·$358K
ADDADSK
<0.1%
Autodesk Inc
Δ +48%·$293K
EXITCRUS
<0.1%
Cirrus Logic Inc
Δ -100%·$0
EXITTMUS
<0.1%
T-mobile US Inc
Δ -100%·$0
EXITINTU
<0.1%
Intuit Inc
Δ -100%·$0
EXITHIG
<0.1%
Hartford Insurance Group Inc
Δ -100%·$0
EXITHO1
<0.1%
Hologic Inc
Δ -100%·$0
EXITTRS
<0.1%
Trimas Corp
Δ -100%·$0

About Richard Pzena

Richard Pzena founded Pzena Investment Management in 1996 after leaving Sanford Bernstein, where he ran the value equity business, and has since built the firm into one of the more intellectually consistent deep-value franchises in institutional asset management. The approach is systematic in temperament if not in execution: screen for companies trading at depressed earnings multiples relative to history, underwrite a normalized earnings power, and wait. The resulting portfolio — 158 positions with roughly 21% in the top five as of the latest filing — is diversified enough that single-position blowups rarely define a quarter, but concentrated enough that sector tilts (financials and cyclicals recur) drive relative returns. The 13F captures the long equity book cleanly, since derivatives and shorts are not a meaningful part of the strategy. The persistent caveat for clone-backtesting purposes is the one attached to any patient deep-value manager: the style carries long stretches of underperformance versus growth-heavy benchmarks, as the 12-year excess-return figure against SPY reflects.

2026Q2 brief

Richard Pzena's deep-value discipline is on full display in Q2 2026, with the $34.1B portfolio leaning hard into beaten-down consumer and IT services names. The most aggressive moves were in DG (+48%, now 3.5% of the book) and CTSH (+31%, 3.0%), both classic Pzena plays on temporarily depressed margins. Even more striking are the near-doubles in LKQ (+143%, 1.2%), CDW (+137%, 1.1%), and ACN (+114%, 1.9%), suggesting Pzena sees the recent IT-spending anxiety as overdone. The portfolio's top position MGA (6.5%) and HUM (5.1%) anchor a book that remains concentrated in out-of-favor industrials, healthcare, and consumer staples — a deliberate contrarian tilt versus peers rotating into AI beneficiaries. On the exit side, NOK was nearly eliminated (−92%) and AVT trimmed sharply (−45%), signaling reduced conviction in legacy hardware. The new positions in WDAY (0.7%) and CRM (0.1%) are atypically growth-oriented for Pzena, hinting at selective software dips. Watch whether HUM or CVS get trimmed next quarter if managed-care regulatory pressure persists.

AI-generated. Not investment advice.

Filing history

Richard Pzena's disclosed 13F portfolio value and position count by quarter — the trajectory across every SEC filing.

Disclosed portfolio value · Q3 2023 – Q2 2026now $34.07B · peak $34.07B (Q2 2026)

Quarter	Positions	Portfolio value
Q2 2026 — what changed →	161	$34.07B
Q1 2026 — what changed →	158	$30.80B
Q4 2025 — what changed →	157	$33.40B
Q3 2025 — what changed →	154	$30.94B
Q2 2025 — what changed →	152	$30.75B
Q1 2025 — what changed →	146	$28.64B
Q4 2024 holdings	152	$29.39B
Q3 2024 holdings	157	$31.02B
Q2 2024 holdings	160	$28.44B
Q1 2024 holdings	159	$29.13B
Q4 2023 holdings	164	$26.60B
Q3 2023 holdings	160	$23.28B

Values as disclosed at each quarter end. Older filings on EDGAR.

Multibaggers Richard Pzena held

Stocks up 5x or more since Richard Pzena first held them at conviction size — the holding record behind the returns. Longest unbroken run and largest book weight are shown for each.

PGR12.3xPROGRESSIVE CORP15q straight · peak 0.71%
MSFT11.2xMICROSOFT CORP22q straight · peak 2.86% · still holds
GLW9.6xCORNING INC15q straight · peak 1.39%
ON9.2xON SEMICONDUCTOR17q straight · peak 0.97%
GS8.2xGOLDMAN SACHS GROUP INC48q straight · peak 2.03%
JPM8.1xJPMORGAN CHASE & CO49q straight · peak 2.21% · still holds

Six biggest of 13. Price multiple since the first quarter we observed a conviction holding (2014Q1 at the earliest), not Richard Pzena's realized return — entry price and trades between filings aren't disclosed. Peak weight is share of disclosed US 13F book. All 129 multibaggers the cohort held →

Frequently asked questions

What stocks does Richard Pzena own?: As of 2026Q2, Richard Pzena's 13F discloses 161 positions worth $34.07B. The top five holdings: MGA (6.5%), HUM (5.1%), BAX (4.1%), CVS (3.6%), DG (3.5%). 13F filings cover long US-listed equities only — cash, bonds, shorts, and non-US positions are not disclosed.
What did Richard Pzena buy this quarter?: In 2026Q2, the filing shows 12 new positions and 21 additions to existing holdings. The largest positions touched by buying: DG, CTSH, CRBG, ACN, LKQ.
How big is Richard Pzena's portfolio?: $34.07B across 161 positions per the latest 13F (filed Aug 7, 2026). The top five holdings account for 23% of the disclosed book.

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Long US equity 13F-HR filings only — no shorts, no derivatives. SEC filings at EDGAR (CIK 0001027796). Not investment advice.