PZENA INVESTMENT MANAGEMENT LLC

Q4 2023 13F-HR Detailed Holdings

Location

New York, NY

Holdings as of

12/31/2023

Date filed

2/9/2024

Form type

13F-HR

Num holdings

222

Total value ($000)

$26,602,430

Net value change ($000)

+3,326,159 (14.3%)

New positions

Sold out positions

Turnover %

3.6%

Sector allocation + QoQ delta (equities-only)

Holdings broken out by other managers reported in the original SEC filing. View aggregated holdings

You are on the SEC detailed breakdown page. Rows are shown as reported in the filing (including other manager, discretion, and voting authority fields), and are not merged like the standard holdings view. Switch to aggregated holdings.

Snapshot: Change Analysis

Compared to Q3 2023

Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.

Top Adds (Value $000, Stocks/ETFs)

BAX	722,350	334.5%
UBS GROUP AG	635,988	421.7%
MGA	482,158	91.7%
SWKS	302,309	NEW
COF	276,118	37.3%
PVH	241,605	45.3%
C	182,911	26.7%
MDT	168,848	37.6%
BAC	158,605	29.8%
WFC	138,084	18.5%

Top Reduces (Value $000, Stocks/ETFs)

GE	-357,476	-68.9%
WAB	-219,269	-27.5%
BKNG	-210,600	-100.0%
SKAA	-106,090	-78.4%
NOV	-92,195	-12.7%
CHTR	-78,399	-12.2%
HPE	-71,077	-100.0%
HAL	-68,111	-47.1%
AMGN	-63,230	-100.0%
ORCL	-58,045	-82.7%

Instrument mix + QoQ Δ (ex-options)

How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.

Filter:

Instrument:

Issuer Name	Ticker	Sector	Industry	Class	History	Value ($000)	%	Shares	Shares Δ	Shares Δ%	Value Δ ($000)	Value Δ%	Principal	Option Type	Discretion	Other Manager	Sole	Shared	None

Other Managers

Num	Name	File Number
1	ALPS Advisers, Inc.	028-12230
2	National Mutual Funds Management LTD	028-23268