Pzena Investment Management

Q2 2021 13F · by Richard Pzena, CIO

As of: Jun 30, 2021
Filed: Aug 6, 2021
US stock: $25.7B · prev $24.6B
Positions: 165 · prev 170
Options notional: $0
Documents: 1· no amendments

Picture99.6% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 99.6%
Foreign stock not listed in the US 0.4%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves168 since the prior filing

+3.1 pp in · −3.0 pp out

New 9 +0.20 pp
Added 46 +2.92 pp
Trimmed 99 −1.85 pp
Exited 14 −1.15 pp

The book

Diversified · behaves like 49 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 18% a year, about 5.7 years per position

Low
Moderate
High

Top 5 positions18% of US stock

unresolved General Electric Co trimmed−0.29 pp trimmed−0.294.3%
HAL Halliburton Company added+0.34 pp added+0.343.5%
WFC Wells Fargo & Co. trimmed+0.21 pp trimmed+0.213.4%
AIG American International Group, Inc. added+0.06 pp added+0.063.4%
WAB Wabtec Inc. added+0.68 pp added+0.683.3%

Positions165 in this filing · 14 exited


unresolvedGeneral Electric Co	4.25%	81,072,487	$1.1B	trimmed−5%	−0.29 pp	14 q
HALHalliburton Company	3.46%	38,467,020	$889M	added+7%	+0.34 pp	22 q
WFCWells Fargo & Co.	3.41%	19,374,913	$877M	trimmed−4%	+0.21 pp	33 q
AIGAmerican International Group, Inc.	3.39%	18,278,986	$870M	added+3%	+0.06 pp	33 q
WABWabtec Inc.	3.32%	10,381,826	$854M	added+26%	+0.68 pp	10 q
EIXEdison International	3.31%	14,712,945	$851M	added+11%	+0.15 pp	26 q
LEALear Corporation	3.29%	4,824,770	$846M	added+4%	−0.13 pp	11 q
CTSHCognizant Technology Solutions	3.25%	12,066,171	$836M	added+18%	+0.01 pp	26 q
PVHPVH Corp.	3.25%	7,768,634	$836M	added+9%	+0.18 pp	10 q
CCitigroup Inc.	2.81%	10,213,978	$723M	added+6%	−0.05 pp	33 q
COFCapital One Financial	2.72%	4,522,626	$700M	trimmed−17%	−0.08 pp	20 q
NWLNewell Brands Inc.	2.67%	24,961,942	$686M	added+3%	+0.02 pp	13 q
HPEHewlett Packard Enterprise Company	2.46%	43,342,712	$632M	added+1%	−0.29 pp	23 q
NOVNOV Inc.	2.45%	41,092,801	$630M	added+4%	+0.25 pp	13 q
EQHEquitable Holdings, Inc.	2.42%	20,404,949	$621M	added+2%	−0.24 pp	6 q
MCKMcKesson Corporation	2.37%	3,189,280	$610M	added+5%	−0.05 pp	19 q
NRGNRG Energy, Inc.	2.23%	14,220,693	$573M	added+53%	+0.80 pp	5 q
BKRBaker Hughes Company	2.11%	23,736,411	$543M	added+6%	+0.14 pp	16 q
TXTTextron, Inc.	2.08%	7,756,272	$533M	trimmed−4%	+0.25 pp	4 q
AVTAvnet, Inc.	1.95%	12,508,124	$501M	added+1%	−0.13 pp	33 q
GILGildan Activewear Inc.	1.77%	12,346,843	$456M	trimmed−5%	+0.15 pp	11 q
BACBank of America Corporation	1.63%	10,152,918	$419M	trimmed−5%	−0.04 pp	33 q
FFord Motor Company	1.60%	27,609,624	$410M	trimmed−16%	−0.03 pp	27 q
DOXAmdocs Limited	1.58%	5,255,314	$407M	added+18%	+0.31 pp	19 q
XOMExxon Mobil Corp	1.38%	5,612,945	$354M	added+45%	+0.50 pp	33 q
AXSAxis Capital Holders Limited	1.33%	6,958,035	$341M	trimmed−1%	−0.08 pp	33 q
DOWDow Inc.	1.31%	5,314,905	$336M	trimmed−2%	−0.10 pp	6 q
METMetLife, Inc.	1.23%	5,275,480	$316M	added+2%	−0.05 pp	33 q
MHKMohawk Industries, Inc.	1.20%	1,607,169	$309M	trimmed−5%	−0.12 pp	10 q
VOYAVoya Financial, Inc.	1.13%	4,726,483	$291M	added+1%	−0.09 pp	29 q
GSGoldman Sachs Group Inc.	1.05%	710,687	$270M	trimmed−3%	+0.08 pp	33 q
JPMJPMorgan Chase & Co.	1.02%	1,683,814	$262M	added0%	−0.02 pp	33 q
ORCLOracle Corp	1.00%	3,291,492	$256M	added+3%	+0.09 pp	33 q
SKAASkechers USA Inc-cl A	0.99%	5,102,070	$254M	added+31%	+0.33 pp	2 q
MSMorgan Stanley	0.86%	2,409,278	$221M	trimmed−27%	−0.19 pp	33 q
TCOMTrip.com Group Limited	0.85%	6,128,164	$217M	added+2%	−0.11 pp	5 q
SWKStanley Black & Decker, Inc.	0.82%	1,032,209	$212M	added+1%	−0.01 pp	27 q
FTITechnipFMC plc	0.79%	22,518,461	$204M	trimmed−2%	+0.07 pp	18 q
OLNOlin Corp.	0.72%	3,995,174	$185M	trimmed−15%	0.00 pp	7 q
RDS.ARoyal Dutch Shell PLC	0.71%	4,498,278	$182M	added+3%	+0.02 pp	33 q
JELDJELD-WEN Holding, Inc.	0.67%	6,552,631	$172M	added+19%	+0.05 pp	18 q
CAHCardinal Health, Inc.	0.66%	2,962,803	$169M	trimmed−0%	−0.07 pp	18 q
CNOCNO Financial Group, Inc.	0.65%	7,028,325	$166M	trimmed−4%	−0.08 pp	10 q
BIDUBaidu, Inc.	0.64%	805,255	$164M	trimmed−0%	−0.07 pp	18 q
RRyder System, Inc.	0.64%	2,201,678	$164M	trimmed−19%	−0.19 pp	16 q
TEXTerex Corporation	0.62%	3,353,597	$160M	trimmed−6%	−0.05 pp	31 q
AMGNAmgen Inc	0.57%	600,920	$146M	added+10%	+0.02 pp	20 q
FLEXFlex Ltd.	0.55%	7,904,128	$141M	added+1%	−0.03 pp	32 q
CVECenovus Energy Inc.	0.49%	13,198,348	$126M	trimmed−20%	−0.01 pp	24 q
WEDWebster Financial Corp	0.47%	2,262,221	$121M	trimmed−6%	−0.07 pp	33 q
PFEPfizer Inc.	0.46%	3,018,130	$118M	added+4%	+0.03 pp	27 q
BKNGBooking Holdings Inc.	0.41%	47,806	$105M	trimmed−0%	−0.04 pp	4 q
CIThe Cigna Group	0.41%	446,190	$106M	added+3%	−0.02 pp	11 q
EPACEnerpac Tool Group Corp.	0.41%	3,912,433	$104M	trimmed−8%	−0.04 pp	33 q
BDCBelden Inc.	0.40%	2,041,486	$103M	trimmed−9%	−0.01 pp	6 q
CVSCvs Health Corporation	0.40%	1,235,580	$103M	added0%	+0.02 pp	26 q
UBSUBS Group AG	0.39%	6,509,661	$100M	added+4%	0.00 pp	27 q
BMYBristol-Myers Squibb Co.	0.38%	1,459,923	$98M	trimmed−0%	+0.01 pp	8 q
GJBSteelcase Inc-cl A	0.34%	5,863,043	$89M	added+1%	0.00 pp	15 q
JNPJuniper Networks Inc	0.31%	2,877,742	$79M	trimmed−0%	+0.01 pp	11 q
PKXPOSCO Holdings Inc.	0.30%	992,644	$76M	trimmed−3%	0.00 pp	22 q
RFRegions Financial Corp.	0.30%	3,832,646	$77M	held	—	33 q
DANDana Incorporated	0.28%	3,033,836	$72M	trimmed−10%	−0.05 pp	7 q
FMBIFirst Midwest Bancorp Inc/IL	0.28%	3,565,899	$71M	trimmed−8%	−0.06 pp	33 q
KEYKeyCorp	0.28%	3,535,563	$73M	held	—	33 q
SPBSpectrum Brands Holdings, Inc.	0.28%	834,603	$71M	trimmed−3%	−0.02 pp	10 q
IVZInvesco LTD	0.28%	2,734,970	$73M	trimmed−0%	0.00 pp	33 q
ASBAssociated Banc-Corp	0.27%	3,439,411	$70M	trimmed−8%	−0.05 pp	30 q
CLSCelestica, Inc.	0.27%	8,772,216	$69M	trimmed−3%	−0.04 pp	13 q
MTZMasTec, Inc.	0.27%	660,835	$70M	trimmed−30%	−0.09 pp	3 q
AELAmerican Equity Investment Life Holding Company	0.26%	2,071,530	$67M	trimmed−8%	−0.03 pp	22 q
FITBFifth Third Bancorp	0.26%	1,716,683	$66M	held	—	33 q
MURMurphy Oil Corp.	0.26%	2,838,342	$66M	trimmed−11%	+0.05 pp	30 q
REVGREV Group, Inc.	0.23%	3,725,976	$58M	trimmed−13%	−0.10 pp	12 q
RGAReinsurance Group of America, Incorporated	0.21%	474,928	$54M	added+7%	−0.02 pp	4 q
HOPEHope Bancorp, Inc.	0.19%	3,517,815	$50M	trimmed−11%	−0.05 pp	20 q
HBANHuntington Bancshares Inc	0.19%	3,368,123	$48M	new	+0.19 pp	new
SMCISuper Micro Computer, Inc.	0.19%	1,410,241	$50M	added+13%	−0.01 pp	10 q
TBITrueblue, Inc.	0.19%	1,748,669	$49M	added+3%	+0.04 pp	4 q
UMPQUmpqua Holdings Corp	0.19%	2,711,189	$50M	trimmed−8%	−0.02 pp	6 q
UVVUniversal Corporation	0.19%	850,482	$48M	trimmed−2%	−0.02 pp	25 q
OECOrion S.A.	0.19%	2,526,068	$48M	added+1%	−0.01 pp	5 q
GAPThe Gap, Inc.	0.18%	1,404,059	$47M	trimmed−14%	−0.02 pp	4 q
HOFTHooker Furnishings Corporation	0.18%	1,307,923	$45M	trimmed−14%	−0.05 pp	8 q
FRACKeane Group, Inc.	0.18%	9,642,769	$46M	trimmed−13%	+0.01 pp	7 q
SCSCScansource Inc	0.18%	1,599,151	$45M	trimmed−7%	−0.03 pp	22 q
THNPYTechnip Energies S/	0.18%	3,378,990	$46M	trimmed−22%	−0.08 pp	2 q
UVSPUnivest Financial Corporation	0.18%	1,715,607	$45M	trimmed−11%	−0.04 pp	6 q
AGIIArgo Group International	0.18%	907,601	$47M	trimmed−7%	−0.02 pp	33 q
MOG.AMoog Inc.	0.17%	529,441	$45M	trimmed−7%	−0.02 pp	4 q
TRSTrimas Corporation	0.17%	1,477,775	$45M	trimmed−6%	−0.02 pp	28 q
GTSTriple-s Management Corp	0.17%	1,988,199	$44M	trimmed−10%	−0.06 pp	25 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	0.16%	341,635	$41M	trimmed−7%	−0.02 pp	32 q
VREXVarex Imaging Corporation	0.16%	1,487,184	$40M	trimmed−10%	+0.02 pp	11 q
MPAAMotorcar Parts of America, Inc.	0.15%	1,763,614	$40M	trimmed−10%	−0.03 pp	11 q
DRHDiamondrock Hospitality Company	0.14%	3,756,979	$36M	trimmed−8%	−0.03 pp	33 q
IBNICICI Bank Limited	0.14%	2,110,323	$36M	trimmed−14%	−0.02 pp	14 q
IPGThe Interpublic Group of Companies, Inc.	0.14%	1,114,351	$36M	added+1%	+0.01 pp	33 q
KELKellanova	0.14%	548,750	$35M	trimmed−6%	−0.01 pp	30 q
PAHCPhibro Animal Health Corporation Class A	0.14%	1,259,412	$36M	added+44%	+0.05 pp	3 q
DOVDover Corporation	0.13%	223,767	$34M	trimmed−23%	−0.03 pp	25 q
CSCOCisco Systems, Inc. (DE)	0.12%	574,762	$30M	added0%	0.00 pp	33 q
HIGThe Hartford Insurance Group, Inc.	0.12%	499,303	$31M	trimmed−2%	−0.02 pp	33 q
WSFSWSFS Financial Corp	0.12%	680,764	$32M	trimmed−5%	−0.03 pp	33 q
ARWArrow Electronics, Inc.	0.10%	233,933	$27M	held	—	30 q
37MMrc Global Inc	0.10%	2,742,581	$26M	added+43%	+0.03 pp	2 q
SHGShinhan Financial Group Co Ltd	0.10%	682,577	$24M	trimmed−1%	+0.01 pp	31 q
GLGlobe Life Inc.	0.09%	241,764	$23M	held	—	33 q
MSMMSC Industrial Direct Co., Inc. Class A	0.09%	261,615	$23M	held	—	7 q
GGenpact Limited	0.09%	505,955	$23M	held	—	26 q
ABEVAmbev S.a.	0.07%	5,337,862	$18M	added×2.5	+0.05 pp	4 q
ETREntergy Corporation	0.07%	190,579	$19M	trimmed−0%	−0.01 pp	33 q
KBRKBR, Inc.	0.06%	429,608	$16M	trimmed−43%	−0.06 pp	30 q
THGThe Hanover Insurance Group, Inc.	0.05%	97,804	$13M	held	—	16 q
SNASnap-on Incorporated	0.05%	56,373	$13M	trimmed−0%	0.00 pp	14 q
VZVerizon Communications	0.05%	230,471	$13M	trimmed−4%	−0.01 pp	11 q
CIGCompanhia Energetica De Minas Gerais-CEMIG	0.02%	1,639,365	$4M	trimmed−0%	+0.01 pp	6 q
GXYYYGalaxy Entmt Grp U/	0.02%	101,459	$4M	added+8%	0.00 pp	5 q
HNHAYHon Hai Precisn 144A	0.02%	554,073	$4M	trimmed−18%	0.00 pp	11 q
LUKOYPjsc Lukoil S/	0.02%	62,033	$6M	trimmed−26%	−0.01 pp	19 q
SSNHZSamsung Elec 144A S/GDR	0.02%	2,652	$5M	trimmed−24%	−0.01 pp	12 q
unresolvedCez As Unspon ADR	0.01%	174,145	$3M	trimmed−18%	0.00 pp	12 q
CICHYChina Constr Bk UNSP/	0.01%	123,360	$2M	trimmed−21%	0.00 pp	12 q
HYUAHyundai Motor-gdr	0.01%	26,847	$3M	held	—	12 q
ITUBItau Unibanco Holding S.A.	0.01%	224,429	$1M	trimmed−9%	+0.01 pp	3 q
KBKB Financial Group Inc	0.01%	33,522	$2M	trimmed−37%	0.00 pp	12 q
LNVGYLenovo Group Ltd S/	0.01%	107,424	$2M	trimmed−9%	0.00 pp	12 q
OTPIYOtp Bank S/GDR 144A	0.01%	58,286	$2M	held	—	9 q
PCFBYPacific Basin Shp UNS/	0.01%	449,465	$4M	trimmed−33%	0.00 pp	12 q
SSLSasol Limited	0.01%	153,043	$2M	held	—	12 q
unresolvedSiam Commercial Bank Public Company Ltd Unspon ADR	0.01%	209,352	$3M	trimmed−7%	0.00 pp	12 q
SCBFYStandard Chrtrd UNSP/	0.01%	216,586	$3M	trimmed−2%	0.00 pp	7 q
VTKLYVtech Holdings UNSP/	0.01%	139,730	$1M	new	+0.01 pp	new
WLMIYWilmar Intl Ltd UNSP/	0.01%	76,944	$3M	trimmed−3%	0.00 pp	12 q
ALXNAlexion Pharmaceuticals Inc	0.00%	3,430	$630,000	trimmed−19%	0.00 pp	6 q
CORCencora, Inc.	0.00%	4,988	$571,000	trimmed−13%	0.00 pp	11 q
CHRWC.H. Robinson Worldwide, Inc.	0.00%	5,244	$491,000	trimmed−11%	0.00 pp	3 q
CRPJYChina Res Pw Hld UNSP/	0.00%	59,743	$1M	trimmed−62%	−0.01 pp	12 q
DLTRDollar Tree Inc.	0.00%	3,176	$316,000	trimmed−40%	0.00 pp	5 q
DNFGYDongfeng Motor Grp-h-uns ADR	0.00%	25,144	$1M	trimmed−10%	−0.01 pp	12 q
METAMeta Platforms, Inc. Class A	0.00%	1,463	$509,000	trimmed−25%	0.00 pp	2 q
GILDGilead Sciences Inc	0.00%	4,424	$305,000	trimmed−57%	0.00 pp	4 q
GBXXYGrand Baoxin Auto UNS/	0.00%	251,250	$421,000	trimmed−62%	0.00 pp	12 q
HNHPFHon Hai Precson S/GDR New	0.00%	23,319	$188,000	trimmed−11%	0.00 pp	8 q
INGRIngredion Incorporated	0.00%	2,707	$245,000	trimmed−30%	0.00 pp	5 q
INTCIntel Corp	0.00%	8,707	$489,000	added+31%	0.00 pp	2 q
ZDZiff Davis, Inc.	0.00%	3,748	$516,000	trimmed−17%	0.00 pp	2 q
KRThe Kroger Co.	0.00%	7,506	$288,000	trimmed−63%	0.00 pp	3 q
MMSMAXIMUS, Inc.	0.00%	5,066	$446,000	trimmed−8%	0.00 pp	4 q
MRKMerck & Co., Inc.	0.00%	7,619	$593,000	trimmed−11%	0.00 pp	2 q
NOKNokia Corporation	0.00%	16,255	$86,000	new	0.00 pp	new
PRAHPRA Health Sciences, Inc.	0.00%	3,378	$558,000	new	0.00 pp	new
RVTYRevvity, Inc.	0.00%	3,235	$500,000	trimmed−7%	0.00 pp	2 q
PEverpure, Inc.	0.00%	23,003	$449,000	new	0.00 pp	new
QRVOQorvo, Inc.	0.00%	2,268	$444,000	new	0.00 pp	new
REGNRegeneron Pharmaceuticals Inc	0.00%	1,114	$622,000	trimmed−11%	0.00 pp	2 q
RNRTYReunert Ltd UNSP/	0.00%	127,975	$909,000	trimmed−20%	0.00 pp	12 q
SSNCSS&C Technologies Inc	0.00%	6,572	$474,000	new	0.00 pp	new
SWISolarWinds Corporation	0.00%	25,149	$425,000	trimmed−19%	0.00 pp	2 q
TMUST-Mobile US, Inc.	0.00%	4,228	$612,000	trimmed−24%	0.00 pp	2 q
UTHRUnited Therapeutics Corp	0.00%	2,296	$412,000	new	0.00 pp	new
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.00%	1,500	$601,000	trimmed−2%	0.00 pp	2 q
JAZZJazz Pharmaceuticals, Inc.	0.00%	1,546	$275,000	new	0.00 pp	new
CHKPCheck Point Software Technologies Ltd	0.00%	5,030	$584,000	trimmed−16%	0.00 pp	5 q
ITRNIturan Location and Control Ltd.	0.00%	21,474	$585,000	added+21%	0.00 pp	5 q
VTRSViatris Inc.	—	−11,467,520	—	exited	−0.65 pp	—
TCFTcf Financial Corp	—	−1,247,486	—	exited	−0.24 pp	—
ACMAecom	—	−419,152	—	exited	−0.11 pp	—
CARAvis Budget Group, Inc.	—	−385,619	—	exited	−0.11 pp	—
PLTPlantronics Inc	—	−168,305	—	exited	−0.03 pp	—
COWNCowen Inc. Class A	—	−68,810	—	exited	−0.01 pp	—
ABBVAbbvie Inc.	—	−6,344	—	exited	0.00 pp	—
CDGXYChina Dongxiang UNSP/	—	−62,820	—	exited	0.00 pp	—
DISCADiscovery, Inc. Series A	—	−10,476	—	exited	0.00 pp	—
MRNAModerna, Inc.	—	−3,775	—	exited	0.00 pp	—
SIRISirius XM Holdings, Inc	—	−10,873	—	exited	0.00 pp	—
SJMThe J.M. Smucker Company	—	−5,733	—	exited	0.00 pp	—
TSNTyson Foods, Inc.	—	−4,301	—	exited	0.00 pp	—
WBAWalgreens Boots Alliance, Inc	—	−9,899	—	exited	0.00 pp	—

Source

Form: 13F-HR
Reading: 20 defects · 3 unresolved
Accession: 0001567619-21-014637
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet

A security outside the official 13F list — CUSIP 157214305 not on the Official 13(f) List for 2021-06-30
A security outside the official 13F list — CUSIP 168919108 not on the Official 13(f) List for 2021-06-30
A security outside the official 13F list — CUSIP 16943S104 not on the Official 13(f) List for 2021-06-30
A security outside the official 13F list — CUSIP 257738203 not on the Official 13(f) List for 2021-06-30
A security outside the official 13F list — CUSIP 36318L203 not on the Official 13(f) List for 2021-06-30
A security outside the official 13F list — CUSIP 38523M109 not on the Official 13(f) List for 2021-06-30
A security outside the official 13F list — CUSIP 438090805 not on the Official 13(f) List for 2021-06-30
A security outside the official 13F list — CUSIP 438090888 not on the Official 13(f) List for 2021-06-30
A security outside the official 13F list — CUSIP 449187707 not on the Official 13(f) List for 2021-06-30
A security outside the official 13F list — CUSIP 526250105 not on the Official 13(f) List for 2021-06-30
A security outside the official 13F list — CUSIP 67106E101 not on the Official 13(f) List for 2021-06-30
A security outside the official 13F list — CUSIP 69343P105 not on the Official 13(f) List for 2021-06-30
A security outside the official 13F list — CUSIP 69402P103 not on the Official 13(f) List for 2021-06-30
A security outside the official 13F list — CUSIP 76131U105 not on the Official 13(f) List for 2021-06-30
A security outside the official 13F list — CUSIP 796050888 not on the Official 13(f) List for 2021-06-30
A security outside the official 13F list — CUSIP 825715105 not on the Official 13(f) List for 2021-06-30
A security outside the official 13F list — CUSIP 853254100 not on the Official 13(f) List for 2021-06-30
A security outside the official 13F list — CUSIP 87854Y109 not on the Official 13(f) List for 2021-06-30
A security outside the official 13F list — CUSIP 928929207 not on the Official 13(f) List for 2021-06-30
A security outside the official 13F list — CUSIP 971433107 not on the Official 13(f) List for 2021-06-30

Search