Pzena Investment Management LLC
Pzena Investment Management LLC is a New York-based investment management firm specializing in deep value equity strategies. Founded in 1996, the firm serves institutional investors, high-net-worth individuals, and financial intermediaries, offering value-focused portfolios mainly in global, U.S., and emerging markets equities. The firm employs over 100 professionals and is known for its disciplined, research-driven investment approach.
Investment Strategy
Pzena Investment Management LLC adheres to a classic deep value investment strategy, emphasizing the identification and acquisition of low-priced stocks relative to their intrinsic value. The firm relies on rigorous fundamental research to find companies trading at a significant discount to their normalized earnings and whose challenges are believed to be temporary. Portfolio construction is concentrated, with a long-term orientation, typically targeting turnaround situations and undervalued high-quality businesses across global markets.
Top Holdings
Equity Positions (152)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
M MGA | MAGNA INTL INC | 5.05% | $1.55B | 29,502,929 | $49.40 | $38.61 | +$161.5M |
C CTSH | COGNIZANT TECHNOLOGY SOLUTIO | 4.43% | $1.36B | 17,450,691 | $64.27 | $78.03 | +$55.4M |
D DG | DOLLAR GEN CORP NEW | 4.41% | $1.36B | 11,848,938 | $94.33 | $114.38 | +$232.4M |
B BAX | BAXTER INTL INC | 3.87% | $1.19B | 39,336,485 | $36.36 | $30.28 | -$67.6M |
C C | CITIGROUP INC | 3.76% | $1.16B | 13,574,700 | $47.45 | $85.12 | +$209.0M |