What stocks does Richard Pzena own?

As of Q2 2026, Pzena Investment Management reported 161 positions with a combined 13F value of $34.1B. Its largest stock positions are MGA ($2.2B), HUM ($1.7B) and BAX ($1.4B).

How often does Pzena Investment Management update its portfolio?

Pzena Investment Management files a 13F with the SEC every quarter, due 45 days after quarter end. The latest covers Q2 2026 and was filed Aug 7, 2026. The next one is due by Nov 16, 2026.

What does Pzena Investment Management's 13F leave out?

A 13F lists long positions in US-listed stocks and some options held on the last day of a quarter. It leaves out short positions, most bonds, holdings not listed in the US and anything bought or sold since the quarter ended.

Where does Pzena Investment Management's portfolio data come from?

From the 13F filings Pzena Investment Management makes to the SEC, available on EDGAR. Each quarter shows how positions changed from the one before.

Smart money

Pzena Investment Management LLC

Richard Pzena

Return history

Last 4 years · filing-date model

$100,000 to $171,560

$100,000 in SPY: $220,972.

Total return

+71.6%

Annualized (4Y CAGR)

+14.4%

vs SPY

−7.5 pts/yr

Moves a year

631

Avg hold

22.3 months

17 filings · quarters -9.3% to +14.9%

All time

+255% since Aug 9, 2013

Fund size $34B today

Oct 16, 2022 to Oct 15, 2026 · min. 77% quarterly priced · Disclosed book, unaudited · Method

Position-weighted returns use each SEC filing date. Options use underlying-stock proxies, not option premiums; put proxies can lose more than 100%. Cash, shorts, non-13F holdings and trades between filings are excluded.

New WDAY and exited WAB in Q2 2026.

$34.1B in this filing161 positions

Holdings as of Jun 30, 2026. Filed Aug 7, 2026.

Share change vs Mar 31

1MGAMagna Intl Inc6.54%
$2.2B - 23.9M shares-5.7%
2HUMHumana Inc5.13%
$1.7B - 4.4M shares-19.5%
3BAXBaxter Intl Inc4.09%
$1.4B - 65.3M shares+1.2%
4CVSCVS Health Corp3.57%
$1.2B - 11.8M shares-14.5%
5DGDollar Gen Corp3.45%
$1.2B - 10.2M shares+48.2%
6SWKSSkyworks Solutions Inc3.18%
$1.1B - 16.0M shares-0.8%
7CTSHCognizant Technology Solut3.02%
$1.0B - 26.5M shares+30.9%
8BMYBristol-myers Squibb Co2.88%
$979.9M - 17.0M shares-0.5%

#	Stock				At Jun 30	Now
1	MGAMagna Intl Inc	6.54%	$2.2B	-5.7%	$93.26	$66.41 -28.8%
2	HUMHumana Inc	5.13%	$1.7B	-19.5%	$397.22	$427.40 +7.6%
3	BAXBaxter Intl Inc	4.09%	$1.4B	+1.2%	$21.32	$24.80 +16.3%
4	CVSCVS Health Corp	3.57%	$1.2B	-14.5%	$103.45	$92.58 -10.5%
5	DGDollar Gen Corp	3.45%	$1.2B	+48.2%	$115.11	$129.94 +12.9%
6	SWKSSkyworks Solutions Inc	3.18%	$1.1B	-0.8%	$67.80	$79.10 +16.7%
7	CTSHCognizant Technology Solut	3.02%	$1.0B	+30.9%	$38.73	$65.77 +69.8%
8	BMYBristol-myers Squibb Co	2.88%	$979.9M	-0.5%	$57.62	$60.57 +5.1%

153 more on a paid plan

Unlock the full portfolio and quarterly changes.

Unlock all 153 holdings

What is missing

Top 10 concentration: 38%. This filing does not include cash, short positions, private investments, bonds, or many overseas holdings. Next filing due ~Nov 16, 2026.

Disclosed changes

Q2 2026 holdings. Exact trade dates are not disclosed.

More disclosures (14)

Common questions

What stocks does Richard Pzena own?: As of Q2 2026, Pzena Investment Management reported 161 positions with a combined 13F value of $34.1B. Its largest stock positions are MGA ($2.2B), HUM ($1.7B) and BAX ($1.4B).
How often does Pzena Investment Management update its portfolio?: Pzena Investment Management files a 13F with the SEC every quarter, due 45 days after quarter end. The latest covers Q2 2026 and was filed Aug 7, 2026. The next one is due by Nov 16, 2026.
What does Pzena Investment Management's 13F leave out?: A 13F lists long positions in US-listed stocks and some options held on the last day of a quarter. It leaves out short positions, most bonds, holdings not listed in the US and anything bought or sold since the quarter ended.
Where does Pzena Investment Management's portfolio data come from?: From the 13F filings Pzena Investment Management makes to the SEC, available on EDGAR. Each quarter shows how positions changed from the one before.