PZENA INVESTMENT MANAGEMENT LLC
Q4 2025 13F-HR Holdings
Net value change ($000)
+2,461,209
(8.0%)
New positions
12
Sold out positions
9
Turnover %
1.3%
Sector allocation + QoQ delta (equities-only)
Holdings aggregated across other managers listed in the original SEC filing. View detailed breakdown
Snapshot: Change Analysis
Compared to Q3 2025
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)
| PPG | 543,643 | 295.9% |
| DOX | 428,124 | 79.1% |
| BMY | 295,811 | 44.0% |
| CTSH | 275,312 | 23.2% |
| ACN | 267,528 | 321.0% |
| MGA | 213,468 | 11.1% |
| DG | 210,675 | 17.5% |
| NOK | 208,481 | 54.0% |
| TSN | 146,559 | 19.5% |
| COF | 142,871 | 13.3% |
Top Reduces (Value $000, Stocks/ETFs)
| MDT | -255,388 | -45.2% |
| TE CONNECTIVITY PLC | -230,106 | -55.5% |
| SWKS | -144,066 | -15.2% |
| PVH | -108,817 | -20.8% |
| AAP | -89,138 | -36.3% |
| GS | -87,645 | -89.1% |
| CHTR | -86,658 | -77.8% |
| MRC GLOBAL INC. | -74,191 | -100.0% |
| NWL | -63,580 | -25.5% |
| WNS | -50,286 | -100.0% |
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 |
|---|