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PZENA INVESTMENT MANAGEMENT LLC

13F filer · CIK 1027796 · New York, NY

Summary
PZENA INVESTMENT MANAGEMENT LLC reported $34.07B across 161 positions in its 13F for 2026 Q2, filed Aug 7, 2026. The largest holdings are MGA (6.5%), HUM (5.1%), BAX (4.1%). Versus 2026 Q1, leaving options aside, it opened 12 new positions, added to 71, trimmed 70 and sold out of 9.
Reported value$34.07B
Positions161
Report period2026 Q2
FiledAug 7, 2026
New positions12
Added71
Trimmed70
Sold out9

Top 25 holdings

By reported value, options listed separately · change vs 2026 Q1

Weight 6.5%Value $2.23BPrice $64.56Shares 23.88M -5.71%Since Jun 30 -30.77%
Weight 5.1%Value $1.75BPrice $386.87Shares 4.40M -19.52%Since Jun 30 -2.61%
Weight 4.1%Value $1.39BPrice $23.48Shares 65.30M +1.19%Since Jun 30 +10.13%
Weight 3.6%Value $1.22BPrice $87.10Shares 11.77M -14.55%Since Jun 30 -15.80%
Weight 3.5%Value $1.18BPrice $122.64Shares 10.22M +48.20%Since Jun 30 +6.54%
Weight 3.2%Value $1.08BPrice $88.04Shares 15.97M -0.84%Since Jun 30 +29.85%
Weight 3.0%Value $1.03BPrice $56.84Shares 26.53M +30.93%Since Jun 30 +46.76%
Weight 2.9%Value $979.95MPrice $62.86Shares 17.01M -0.52%Since Jun 30 +9.09%
Weight 2.9%Value $974.20MPrice $50.98Shares 17.02M -0.81%Since Jun 30 -10.95%
Weight 2.8%Value $967.40MPrice $33.77Shares 33.79M +24.94%Since Jun 30 +17.95%
Weight 2.8%Value $946.96MPrice $106.02Shares 7.81M +4.40%Since Jun 30 -12.59%
Weight 2.8%Value $941.79MPrice $95.20Shares 11.13M -1.53%Since Jun 30 +12.52%
Weight 2.7%Value $921.63MPrice $196.46Shares 4.59M +0.30%Since Jun 30 -2.07%
Weight 2.7%Value $905.52MPrice $48.78Shares 22.60M -14.84%Since Jun 30 +21.77%
Weight 2.6%Value $889.95MPrice $119.32Shares 6.64M -1.78%Since Jun 30 -11.00%
Weight 2.5%Value $848.34MPrice $83.33Shares 11.69M +0.65%Since Jun 30 +14.84%
Weight 2.3%Value $776.61MPrice $130.80Shares 5.55M -32.13%Since Jun 30 -6.54%
Weight 2.1%Value $729.50MPrice $80.48Shares 8.83M +0.62%Since Jun 30 -2.61%
Weight 2.1%Value $706.82MPrice $57.59Shares 13.99M +10.28%Since Jun 30 +13.95%
Weight 2.0%Value $684.82MPrice $77.59Shares 11.04M +13.79%Since Jun 30 +25.04%
Weight 2.0%Value $674.78MPrice $18.98Shares 36.38M -3.09%Since Jun 30 +2.32%
Weight 1.9%Value $639.89MPrice $177.12Shares 5.14M +113.75%Since Jun 30 +42.33%
Weight 1.3%Value $444.57MPrice $75.74Shares 5.99M +3.77%Since Jun 30 +1.99%
Weight 1.2%Value $398.70MPrice $23.11Shares 15.14M +142.94%Since Jun 30 -12.23%
Weight 1.1%Value $371.13MPrice $129.71Shares 2.64M +136.56%Since Jun 30 -7.77%

Weight is the share of the reported 13F value, including options at notional value. “Since Jun 30” compares the latest close with the quarter-end price implied by the filing (value ÷ shares).

Largest buys in 2026 Q2

DGDGDOLLAR GEN CORP≈ $382.69MAdd
WDAYWDAYWORKDAY INC≈ $241.32MNew
LKQLKQLKQ CORP≈ $234.58MAdd

Largest sells in 2026 Q2

NOKNOKNOKIA CORP≈ $469.65MTrim
CCCITIGROUP INC≈ $297.88MTrim
DOWDOWDOW HLDGS INC≈ $268.25MTrim
HUMHUMHUMANA INC≈ $185.15MTrim
AVTAVTAVNET INC≈ $158.48MTrim

Source: SEC Form 13F, values as reported by the filer. Filings lag up to 45 days after quarter end and cover only certain long positions. Research only, not investment advice.

Original filing All 13F filings on EDGAR