# Pzena Investment Management portfolio: Q2 2026 13F holdings

Pzena Investment Management: $34bn in 161 US holdings at Q2 2026, with buys and sells.

In Q2 2026, Pzena Investment Management held 161 US-listed stocks worth $34bn. Its biggest move was cutting Humana (20% fewer shares, now 5.1%), followed by cutting DOW (34% fewer shares, now 1.0%). It started 12 new positions and sold out of 9. Its largest holding is Magna International at 6.5%.

13F for the quarter ending 2026-06-30, filed 2026-08-07 ([filing](https://www.sec.gov/Archives/edgar/data/1027796/000102779626000049/0001027796-26-000049-index.htm)). $34bn in US-listed holdings.

## 13F holdings

| Company | Value | Portfolio | Change | Q1 2026 |
| --- | --- | --- | --- | --- |
| Magna International (MGA) | $2.2bn | 6.5% | Trimmed -5.7% | 6.4% |
| Humana (HUM) | $1.7bn | 5.1% | Trimmed -19% | 3.1% |
| Baxter International (BAX) | $1.4bn | 4.1% | Added +1.2% | 3.5% |
| CVS Health (CVS) | $1.2bn | 3.6% | Trimmed -14% | 3.2% |
| Dollar General (DG) | $1.2bn | 3.5% | Added +48% | 2.7% |
| Skyworks Solutions (SWKS) | $1.1bn | 3.2% | Trimmed -0.8% | 2.8% |
| Cognizant Technology Solutions (CTSH) | $1.0bn | 3.0% | Added +31% | 4.0% |
| Bristol-Myers Squibb (BMY) | $980m | 2.9% | Trimmed -0.5% | 3.4% |
| Tyson Foods (TSN) | $974m | 2.9% | Trimmed -0.8% | 3.6% |
| Corebridge Financial (CRBG) | $967m | 2.8% | Added +25% | 2.1% |
| PPG Industries (PPG) | $947m | 2.8% | Added +4.4% | 2.6% |
| MetLife (MET) | $942m | 2.8% | Trimmed -1.5% | 2.6% |
| Capital One Financial (COF) | $922m | 2.7% | Added +0.3% | 2.7% |
| UBS Group (UBS) | $906m | 2.7% | Trimmed -15% | 2.6% |
| Lear Corporation (LEA) (LEA) | $890m | 2.6% | Trimmed -1.8% | 2.7% |
| Global Payments (GPN) | $848m | 2.5% | Added +0.7% | 2.5% |
| Citigroup (C) | $777m | 2.3% | Trimmed -32% | 3.0% |
| Wells Fargo & Company (WFC) | $730m | 2.1% | Added +0.6% | 2.3% |
| Amdocs (DOX) | $707m | 2.1% | Added +10% | 2.7% |
| Ss&C Technologies Holdings (SSNC) | $685m | 2.0% | Added +14% | 2.1% |
| NOV (NOV) | $675m | 2.0% | Trimmed -3.1% | 2.3% |
| Accenture (ACN) | $640m | 1.9% | Added +114% | 1.6% |
| PVH (PVH) | $445m | 1.3% | Added +3.8% | 1.3% |
| LKQ (LKQ) | $399m | 1.2% | Added +143% | 0.6% |
| CDW (CDW) | $371m | 1.1% | Added +137% | 0.4% |
| Bank of America (BAC) | $360m | 1.1% | Trimmed -1.7% | 1.0% |
| DOW (DOW) | $342m | 1.0% | Trimmed -34% | 2.6% |
| Fresenius Medical Care (FMS) | $339m | 1.0% | Trimmed -0.4% | 1.1% |
| Credicorp (BAP) | $326m | 1.0% | Trimmed -8.3% | 1.0% |
| Voya Financial (VOYA) | $320m | 0.9% | Trimmed -3.9% | 0.8% |
| Newell Brands (NWL) | $295m | 0.9% | Added +0.4% | 0.5% |
| Universal Health Services (UHS) | $293m | 0.9% | Added +3.0% | 1.1% |
| Avnet (AVT) | $277m | 0.8% | Trimmed -45% | 1.1% |
| Advance Auto Parts (AAP) | $273m | 0.8% | Added +2.1% | 0.7% |
| Kaspi Kz Jsc (KSPI) | $266m | 0.8% | Added +15% | 0.6% |
| Medtronic (MDT) | $246m | 0.7% | Trimmed -0.3% | 0.9% |
| Delta Air Lines (DAL) | $245m | 0.7% | Trimmed -6.7% | 0.6% |
| Equitable Holdings (EQH) | $244m | 0.7% | Added +25% | 0.5% |
| Globe Life (GL) | $242m | 0.7% | Added +32% | 0.5% |
| Workday (WDAY) | $241m | 0.7% | New | – |
| Spectrum Brands Holdings (SPB) | $208m | 0.6% | Added +3.5% | 0.6% |
| Magnum ICE Cream (MICC) | $201m | 0.6% | Added +88% | 0.3% |
| Shell (RDS.A) | $200m | 0.6% | Trimmed -19% | 1.0% |
| Robert Half (RHI) | $191m | 0.6% | Added +4.3% | 0.5% |
| ZTO Express Cayman (ZTO) | $164m | 0.5% | Trimmed -1.9% | 0.6% |
| Masterbrand (MBC) | $158m | 0.5% | Added +302% | 0.1% |
| Cigna Group (CI) | $155m | 0.5% | Trimmed -2.8% | 0.5% |
| Cisco Systems (CSCO) | $151m | 0.4% | Trimmed -2.1% | 0.3% |
| Pfizer (PFE) | $143m | 0.4% | Added +0.6% | 0.5% |
| Mohawk Industries (MHK) | $139m | 0.4% | Trimmed -0.9% | 0.4% |
| Halliburton (HAL) | $133m | 0.4% | Trimmed -3.5% | 0.5% |
| Ke Holdings (BEKE) | $129m | 0.4% | New | – |
| KT (KT) | $126m | 0.4% | Added +1.5% | 0.5% |
| CNO Financial Group (CNO) | $124m | 0.4% | Trimmed -1.2% | 0.3% |
| TE Connectivity (TEL) | $112m | 0.3% | Trimmed -8.0% | 0.4% |
| Globant (GLOB) | $112m | 0.3% | Added +30% | 0.4% |
| JPMorgan Chase (JPM) | $109m | 0.3% | Trimmed -0.9% | 0.3% |
| Sensata Technologies Holding Pl (ST) | $108m | 0.3% | Trimmed -35% | 0.4% |
| Morgan Stanley (MS) | $95.0m | 0.3% | Trimmed -4.6% | 0.3% |
| Genpact (G) | $91.3m | 0.3% | Added +354% | 0.1% |
| Fifth Third Bancorp (FITB) | $89.3m | 0.3% | Trimmed -3.1% | 0.3% |
| Arcos Dorados Holdings (ARCO) | $87.1m | 0.3% | Added +0.6% | 0.3% |
| Elevance Health (ELV) | $86.8m | 0.3% | Added +2.0% | 0.2% |
| Walt Disney (DIS) | $85.0m | 0.3% | Added +879% | 0.0% |
| Constellation Brands (STZ) | $83.4m | 0.2% | Added +0.6% | 0.3% |
| Exxon Mobil (XOM) | $80.6m | 0.2% | Trimmed -4.5% | 0.3% |
| ABM Industries (ABM) | $80.0m | 0.2% | Added +19% | 0.2% |
| Olin (OLN) | $77.1m | 0.2% | Trimmed -12% | 0.4% |
| Concentrix (CNXC) | $76.5m | 0.2% | Added +16% | 0.3% |
| Teleflex (TFX) | $76.5m | 0.2% | Trimmed -14% | 0.3% |
| Douglas Dynamics (PLOW) | $74.7m | 0.2% | Trimmed -13% | 0.2% |
| Old National Bancorp Ind (ONB) | $73.6m | 0.2% | Added +5.6% | 0.2% |
| Henry Schein (HSIC) | $71.9m | 0.2% | Trimmed -3.0% | 0.2% |
| Genuine Parts (GPC) | $69.8m | 0.2% | Added +3.1% | 0.2% |
| Adient (ADNT) | $69.3m | 0.2% | Added +3.7% | 0.2% |
| Columbia Bkg Systems (COLB) | $68.2m | 0.2% | Added +4.7% | 0.2% |
| Wsfs Financial (WSFS) | $68.2m | 0.2% | Added +1.1% | 0.2% |
| Marcus & Millichap (MMI) | $66.7m | 0.2% | Added +6.4% | 0.2% |
| Nokia (NOK) | $66.5m | 0.2% | Trimmed -92% | 1.7% |
| Oshkosh (OSK) | $63.8m | 0.2% | Trimmed -5.3% | 0.2% |
| Millerknoll (MLKN) | $62.0m | 0.2% | Added +52% | 0.1% |
| Associated Banc-Corp (ASB) | $61.2m | 0.2% | Added +3.5% | 0.2% |
| Alphabet (GOOG) | $61.2m | 0.2% | Unchanged | 0.2% |
| Scansource (SCSC) | $57.8m | 0.2% | Added +22% | 0.1% |
| Korn Ferry (KFY) | $57.8m | 0.2% | Added +8.8% | 0.2% |
| Regions Financial (RF) | $55.6m | 0.2% | Unchanged | 0.2% |
| Huntsman (HUN) | $54.8m | 0.2% | Trimmed -11% | 0.3% |
| Aebi Schmidt Holding (AEBI) | $54.2m | 0.2% | Added +5.1% | 0.1% |
| Winnebago Industries (WGO) | $53.4m | 0.2% | Added +72% | 0.1% |
| Resideo Technologies (REZI) | $52.5m | 0.1% | Added +23% | 0.1% |
| Malibu Boats (MBUU) | $49.2m | 0.1% | Added +5.7% | 0.1% |
| Target (TGT) | $48.8m | 0.1% | Added 0.0% | 0.1% |
| Koppers Holdings (KOP) | $47.7m | 0.1% | Trimmed -12% | 0.1% |
| Varex Imaging (VREX) | $45.3m | 0.1% | Added +8.8% | 0.1% |
| Healthcare Realty Trust (HR) | $44.9m | 0.1% | Unchanged | 0.1% |
| Msc Industrial Direct (MSM) | $44.4m | 0.1% | Trimmed -16% | 0.1% |
| Shinhan Financial Group (SHG) | $42.3m | 0.1% | Trimmed -3.1% | 0.1% |
| HDFC Bank (HDB) | $41.7m | 0.1% | Added +6.2% | 0.1% |
| CBRE Group (CBRE) | $41.2m | 0.1% | Added +1.3% | 0.1% |
| Haverty Furniture Companies (HVT) | $39.9m | 0.1% | Added +7.1% | 0.1% |
| General Dynamics (GD) | $38.5m | 0.1% | Added +1.0% | 0.1% |
| HCA Healthcare (HCA) | $37.7m | 0.1% | Added +2.5% | 0.1% |
| Dnow (DNOW) | $37.5m | 0.1% | Trimmed -6.5% | 0.1% |
| Genesco (GCO) | $37.1m | 0.1% | Added +1.7% | 0.1% |
| Keycorp (KEY) | $36.8m | 0.1% | Trimmed -3.7% | 0.1% |
| Univest Financial Corporatio (UVSP) | $36.5m | 0.1% | Trimmed -0.9% | 0.1% |
| Bread Financial Holdings (BFH) | $35.5m | 0.1% | Trimmed -47% | 0.1% |
| Diamondrock Hospitality (DRH) | $34.5m | 0.1% | Trimmed -0.2% | 0.1% |
| American International Group (AIG) | $34.0m | 0.1% | Added +1.5% | 0.1% |
| Solventum (SOLV) | $32.2m | 0.1% | Trimmed -5.0% | 0.1% |
| Orion (OEC) | $31.6m | 0.1% | Added +3.7% | 0.1% |
| Envista Holdings (NVST) | $30.5m | 0.1% | Trimmed -28% | 0.1% |
| Myers Industries (MYE) | $27.6m | 0.1% | Trimmed -39% | 0.1% |
| Hooker Furnishings Corporati (HOFT) | $27.5m | 0.1% | Added +12% | 0.1% |
| Arrow Electronics (ARW) | $26.7m | 0.1% | Trimmed -41% | 0.1% |
| Usana Health Sciences (USNA) | $25.7m | 0.1% | Added +8.7% | 0.1% |
| Leidos Holdings (LDOS) | $25.5m | 0.1% | Trimmed 0.0% | 0.1% |
| Wesco International (WCC) | $24.7m | 0.1% | Trimmed -37% | 0.1% |
| Trueblue (TBI) | $21.5m | 0.1% | Added +7.6% | 0.0% |
| Helen of Troy (HELE) | $19.7m | 0.1% | Trimmed -11% | 0.0% |
| Universal (UVV) | $19.0m | 0.1% | Added +10% | 0.1% |
| Manpowergroup (MAN) | $11.9m | 0.0% | Unchanged | 0.0% |
| Ambev (ABEV) | $11.7m | 0.0% | Trimmed -21% | 0.0% |
| Baidu (BIDU) | $4.7m | 0.0% | Trimmed -15% | 0.0% |
| Knight-Swift Transportation Holdings (KNX) | $4.6m | 0.0% | Trimmed -95% | 0.2% |
| ING Groep (ING) | $3.0m | 0.0% | Added +18% | 0.0% |
| Alibaba Group Holding (BABA) | $2.6m | 0.0% | Trimmed -5.9% | 0.0% |
| Hsbc Holdings (HSBC) | $2.2m | 0.0% | Trimmed -1.6% | 0.0% |
| Taiwan Semiconductor Manufacturing (TSM) | $1.9m | 0.0% | Trimmed -79% | 0.0% |
| Totalenergies (TTE) | $1.5m | 0.0% | Trimmed 0.0% | 0.0% |
| Koninklijke Philips (PHG) | $1.3m | 0.0% | Added +16% | 0.0% |
| GSK (GSK) | $1.3m | 0.0% | Added +30% | 0.0% |
| Equinor (EQNR) | $1.2m | 0.0% | Trimmed -5.7% | 0.0% |
| Sanofi (SNY) | $1.1m | 0.0% | Added +33% | 0.0% |
| SAP (SAP) | $1.0m | 0.0% | New | – |
| Cia Energetica de Minas Gera (CIG) | $953k | 0.0% | Trimmed -58% | 0.0% |
| Vale (VALE) | $889k | 0.0% | Trimmed -69% | 0.0% |
| Sumitomo Mitsui Financial Group (SMFG) | $880k | 0.0% | Added +15% | 0.0% |
| KB Financial Group (KB) | $802k | 0.0% | Trimmed -60% | 0.0% |
| Petroleo Brasileiro (PBR) | $778k | 0.0% | Trimmed -73% | 0.0% |
| Itau Unibanco Holding SA (ITUB) | $656k | 0.0% | Trimmed -64% | 0.0% |
| Takeda Pharmaceutical (TAK) | $606k | 0.0% | Added +33% | 0.0% |
| Barclays (BCS) | $551k | 0.0% | Added +15% | 0.0% |
| Arcelormittal (MT) | $493k | 0.0% | Trimmed -56% | 0.0% |
| Zebra Technologies Corporati (ZBRA) | $358k | 0.0% | New | – |
| Merck & Co. (MRK) | $323k | 0.0% | Unchanged | 0.0% |
| Halozyme Therapeutics (HALO) | $317k | 0.0% | Unchanged | 0.0% |
| Toast (TOST) | $304k | 0.0% | New | – |
| Oracle (ORCL) | $304k | 0.0% | New | – |
| Autodesk (ADSK) | $293k | 0.0% | Added +48% | 0.0% |
| NVIDIA (NVDA) | $289k | 0.0% | New | – |
| Qorvo (QRVO) | $284k | 0.0% | New | – |
| Microsoft (MSFT) | $282k | 0.0% | Trimmed -0.9% | 0.0% |
| GE Aerospace (GE) | $275k | 0.0% | Unchanged | 0.0% |
| Expedia Group (EXPE) | $271k | 0.0% | New | – |
| Webster Financial (WED) | $244k | 0.0% | Trimmed -99% | 0.1% |
| Salesforce (CRM) | $235k | 0.0% | New | – |
| Adobe (ADBE) | $224k | 0.0% | Added +8.3% | 0.0% |
| Ge Vernova (GEV) | $216k | 0.0% | New | – |
| State Street (STT) | $209k | 0.0% | New | – |
| Docusign (DOCU) | $200k | 0.0% | Unchanged | 0.0% |
| Wabtec (WAB) | – | – | Sold out | 0.3% |
| American Woodmark Corporatio | – | – | Sold out | 0.2% |
| Johnson & Johnson (JNJ) | – | – | Sold out | 0.2% |
| Cirrus Logic (CRUS) | – | – | Sold out | 0.0% |
| Hartford Insurance Group (HIG) | – | – | Sold out | 0.0% |
| Trimas (TRS) | – | – | Sold out | 0.0% |
| T-Mobile US (TMUS) | – | – | Sold out | 0.0% |
| Hologic (HO1) | – | – | Sold out | 0.0% |
| Intuit (INTU) | – | – | Sold out | 0.0% |

Source: SEC filings, via moatshark (https://www.moatshark.com/m/pzena-investment-management). Values traded and returns are estimates. Not investment advice. Built 2026-10-23.