Richard Pzena

Pzena Investment Management

Richard "Rich" Pzena is a prominent American investment manager, recognized as the founder and chief investment officer of Pzena Investment Management. Based in New York, Pzena has established a reputation for his deep value investment philosophy, focusing on undervalued companies with strong fundamentals. Under his leadership, Pzena Investment Management has grown to manage approximately $80 billion in assets, catering to a diverse client base including institutions and high-net-worth individuals. Pzena Investment Management specializes in deep value investing, employing a disciplined approach that seeks to identify mispriced securities. The firm operates from its headquarters in New York City, with additional offices in London, Melbourne, and Dublin. This global presence allows Pzena to leverage insights across various markets while adhering to its core investment strategy that emphasizes long-term value. Recent disclosures from Pzena Investment Management, covering the period from February 6, 2026, to April 24, 2026, reveal a series of strategic moves including 85 position increases and 92 reductions, with a notable focus on the financial services and technology sectors. The largest disclosed move involved trimming a position in Dollar General Corporation (DG) valued at approximately $598.6 million, highlighting the firm's active management style and response to market conditions.

History Trades

CompanyValueActionChangePriceLast Price
Halozyme Therapeutics, Inc.HALO$301.2KOtherQ3 2025 13F$301k$66.43$77.54
Koninklijke Philips NVPHG$297.6KAddQ3 2025 13F$298k$26.62$27.29
Old National BancorpONB$276.9KAddQ3 2025 13F$277k--$27.29
ING Group, N.V.ING$276.5KAddQ3 2025 13F$277k$24.09$32.41
Ulta Beauty IncULTA$-245.6KExitQ3 2025 13F$246k$512.40$483.52
HSBC Holdings PLCHSBC$227.3KAddQ3 2025 13F$227k$65.02$100.12
Itau Unibanco banco Holding SA American depositary Shares (ITUb)ITUB$224.9KAddQ3 2025 13F$225k$6.80$8.35
GE AerospaceGE$221.4KOtherQ3 2025 13F$221k$273.34$340.30
Alkermes plcALKS$-212.8KExitQ3 2025 13F$213k$28.20$52.05
Arcelor Mittal NY Registry Shares NEWMT$209.8KAddQ3 2025 13F$210k--$66.39
GSK plc American Depositary SharesGSK$87.9KAddQ3 2025 13F$88k$39.06$50.48
Equinor ASAEQNR$65.7KAddQ3 2025 13F$66k--$37.12
Petróleo Brasileiro S.A. - PetrobrasPBR-A$64.5KAddQ3 2025 13F$65k$11.56$16.22
Univest Financial CorporationUVSP$63.1KAddQ3 2025 13F$63k$30.71$45.21
Adobe IncADBE$57.4KAddQ3 2025 13F$57k$358.75$218.36
Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary SharesSMFG$49.8KAddQ3 2025 13F$50k$16.02$25.23
SanofiSNY$45.1KAddQ3 2025 13F$45k$48.26$44.20
Richard Pzena (Pzena Investment Management) add Unmapped 13F securityPORTFOLIO$1M60.2k sharesAddQ3 2025 13F$43k$20.67--
Cirrus Logic, Inc.CRUS$35.8KAddQ3 2025 13F$36k$111.36$138.86
Dell Technologies IncDELL$30.1KAddQ3 2025 13F$30k$129.75$381.71
The Walt Disney CompanyDIS$291k2.5k sharesTrimQ3 2025 13F$24k$117.78$96.22
Merck & Co., Inc.MRK$15.9KAddQ3 2025 13F$16k$82.37$127.52
Cal-Maine Foods, Inc.CALM$-12.1KTrimQ3 2025 13F$12k$106.80$85.36
The Hartford Insurance Group, Inc. Common StockHIG$11.3KAddQ3 2025 13F$11k$128.26$136.65
Hooker Furnishings CorporationHOFT$-2.9KTrimQ3 2025 13F$2.9k--$13.65
Intel CorpINTC$2.9KAddQ3 2025 13F$2.9k$24.23$105.45
Corebridge Financial, Inc.CRBG$410.5MAddQ2 2025 13F$411M$31.10$31.54
Skyworks SolutionsSWKS$408.0MAddQ2 2025 13F$408M$66.72$60.48
Dollar General CorporationDG$232.4MAddQ2 2025 13F$232M$99.08$125.95
Citigroup IncC$209.0MAddQ2 2025 13F$209M$72.26$132.27
Magna International, Inc. Common StockMGA$161.5MAddQ2 2025 13F$161M$35.29$66.04
Capital One Financial CorporationCOF$155.5MAddQ2 2025 13F$155M$186.48$201.36
Dow Inc.DOW$-154.1MTrimQ2 2025 13F$154M$29.18$31.16
Bristol-Myers Squibb CompanyBMY$-133.7MTrimQ2 2025 13F$134M$49.28$60.85
Wells Fargo & CoWFC$831M10.4M sharesAddQ2 2025 13F$125M$72.10$86.35
Richard Pzena (Pzena Investment Management) other Unmapped 13F securityPORTFOLIO$105M1.7M sharesOtherQ2 2025 13F$105M$63.24--
NOV Inc.NOV$-101.7MTrimQ2 2025 13F$102M$12.64$20.18
Richard Pzena (Pzena Investment Management) trim Unmapped 13F securityPORTFOLIO$-79.5MTrimQ2 2025 13F$80M----
Richard Pzena (Pzena Investment Management) trim Unmapped 13F securityPORTFOLIO$238M4.2M sharesTrimQ2 2025 13F$70M$56.10--
GLOBAL PAYMENTS IncGPN$68.4MAddQ2 2025 13F$68M$79.44$82.19
Nokia CorpNOK$-68.4MTrimQ2 2025 13F$68M$5.15$10.20
Baxter International IncBAX$-67.6MTrimQ2 2025 13F$68M$30.38$21.74
JELD-WEN Holding, Inc.JELD$-61.6MExitQ2 2025 13F$62M$4.48$1.19
LKQ CorporationLKQ$60.3MAddQ2 2025 13F$60M$39.93$24.92
Oshkosh CorpOSK$59.7MOtherQ2 2025 13F$60M--$146.72
TE Connectivity LtdTEL$59.1MAddQ2 2025 13F$59M$151.65$203.14
Charter Communications, Inc.CHTR$57.6MAddQ2 2025 13F$58M$388.67$129.22
Cognizant Technology Solutions CorporationCTSH$55.4MAddQ2 2025 13F$55M$76.64$44.86
Arcos Dorados Holdings Inc.ARCO$51.5MOtherQ2 2025 13F$52M--$8.30
Metlife IncMET$48.2MAddQ2 2025 13F$48M$77.22$92.96
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