13F COMBINATION REPORT
PZENA INVESTMENT MANAGEMENT LLC
Quarter ended Q2 2025 · Filed July 25, 2025 · Accession 0001027796-25-000043
Total Value
$30.75B
Positions
184
Other Managers
1
Confidential Omitted
No
Holdings (184)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | MAGNA INTL INC | 559222401 | 29,164,416 | $1.54B | 4.99% |
| 2 | COGNIZANT TECHNOLOGY SOLUTIO | CTSH | 17,269,927 | $1.35B | 4.38% |
| 3 | DOLLAR GEN CORP NEW | 256677105 | 11,685,300 | $1.34B | 4.35% |
| 4 | BAXTER INTL INC | 071813109 | 38,661,660 | $1.17B | 3.81% |
| 5 | CITIGROUP INC | C-PR | 13,340,732 | $1.14B | 3.69% |
| 6 | CAPITAL ONE FINL CORP | 14040H105 | 5,328,294 | $1.13B | 3.69% |
| 7 | CVS HEALTH CORP | CVS | 16,359,253 | $1.13B | 3.67% |
| 8 | CHARTER COMMUNICATIONS INC N | 16119P108 | 2,619,269 | $1.07B | 3.48% |
| 9 | HUMANA INC | HUM | 3,999,018 | $977.7M | 3.18% |
| 10 | SKYWORKS SOLUTIONS INC | SWKS | 12,034,389 | $896.8M | 2.92% |
| 11 | GLOBAL PMTS INC | 37940X102 | 10,868,609 | $869.9M | 2.83% |
| 12 | SS&C TECHNOLOGIES HLDGS INC | SSNC | 10,460,579 | $866.1M | 2.82% |
| 13 | UBS GROUP AG | UBS | 30,659,548 | $823.2M | 2.68% |
| 14 | WELLS FARGO CO NEW | 949746101 | 10,134,416 | $812.0M | 2.64% |
| 15 | MEDTRONIC PLC | MDT | 8,726,805 | $760.7M | 2.47% |
| 16 | TYSON FOODS INC | TSN | 13,536,520 | $757.2M | 2.46% |
| 17 | METLIFE INC | MET-PF | 8,972,502 | $721.6M | 2.35% |
| 18 | LEAR CORP | LEA | 7,468,586 | $709.4M | 2.31% |
| 19 | DOW INC | DOW | 26,735,631 | $708.0M | 2.30% |
| 20 | BRISTOL-MYERS SQUIBB CO | CELG-RI | 14,596,909 | $675.7M | 2.20% |
| 21 | COREBRIDGE FINL INC | 21871X109 | 18,332,480 | $650.8M | 2.12% |
| 22 | AMDOCS LTD | DOX | 6,418,253 | $585.6M | 1.90% |
| 23 | NOV INC | NOV | 42,267,026 | $525.4M | 1.71% |
| 24 | PVH CORPORATION | PVH | 6,351,089 | $435.7M | 1.42% |
| 25 | TE CONNECTIVITY PLC | TEL | 2,367,467 | $399.3M | 1.30% |
| 26 | FRESENIUS MEDICAL CARE AG | FMCQF | 13,924,014 | $397.8M | 1.29% |
| 27 | AVNET INC | AVT | 7,341,299 | $389.7M | 1.27% |
| 28 | NOKIA CORP | NOKBF | 68,662,240 | $355.7M | 1.16% |
| 29 | BANK AMERICA CORP | 060505104 | 6,294,179 | $297.8M | 0.97% |
| 30 | NEWELL BRANDS INC | NWL | 47,591,103 | $257.0M | 0.84% |
| 31 | VOYA FINANCIAL INC | VOYA-PB | 3,550,672 | $252.1M | 0.82% |
| 32 | SHELL PLC | RYDAF | 3,519,323 | $247.8M | 0.81% |
| 33 | EQUITABLE HLDGS INC | EQH-PC | 4,124,664 | $231.4M | 0.75% |
| 34 | CREDICORP LTD | BAP | 1,027,717 | $229.7M | 0.75% |
| 35 | ADVANCE AUTO PARTS INC | AAP | 4,394,964 | $204.3M | 0.66% |
| 36 | DELTA AIR LINES INC DEL | DAL | 4,138,053 | $203.5M | 0.66% |
| 37 | THE CIGNA GROUP | 125523100 | 523,600 | $173.1M | 0.56% |
| 38 | PFIZER INC | PFE | 6,191,961 | $150.1M | 0.49% |
| 39 | KASPI KZ JSC | 48581R205 | 1,680,646 | $142.7M | 0.46% |
| 40 | ZTO EXPRESS CAYMAN INC | ZTOEF | 7,623,228 | $135.3M | 0.44% |
| 41 | MOHAWK INDS INC | 608190104 | 1,175,775 | $123.3M | 0.40% |
| 42 | CONCENTRIX CORP | CNXC | 2,276,780 | $120.3M | 0.39% |
| 43 | GLOBE LIFE INC | GL-PD | 945,983 | $117.6M | 0.38% |
| 44 | PPG INDS INC | 693506107 | 1,014,004 | $115.3M | 0.38% |
| 45 | MORGAN STANLEY | MS-PQ | 791,167 | $111.4M | 0.36% |
| 46 | CISCO SYS INC | CSCO | 1,599,953 | $111.0M | 0.36% |
| 47 | WNS HLDGS LTD | G98196101 | 1,662,463 | $105.1M | 0.34% |
| 48 | LKQ CORP | LKQ | 2,785,203 | $103.1M | 0.34% |
| 49 | JPMORGAN CHASE & CO. | VYLD | 342,316 | $99.2M | 0.32% |
| 50 | CNO FINL GROUP INC | 12621E103 | 2,552,298 | $98.5M | 0.32% |
| 51 | ROBERT HALF INC. | RHI | 2,377,277 | $97.6M | 0.32% |
| 52 | GOLDMAN SACHS GROUP INC | GSCE | 126,315 | $89.4M | 0.29% |
| 53 | WEBSTER FINL CORP | 947890109 | 1,612,758 | $88.1M | 0.29% |
| 54 | GENERAL DYNAMICS CORP | GD | 291,536 | $85.0M | 0.28% |
| 55 | ELEVANCE HEALTH INC | ELV | 217,276 | $84.5M | 0.27% |
| 56 | ADIENT PLC | ADNT | 4,174,493 | $81.2M | 0.26% |
| 57 | SPECTRUM BRANDS HLDGS INC NE | SPB | 1,474,451 | $78.1M | 0.25% |
| 58 | OLIN CORP | OLN | 3,829,021 | $76.9M | 0.25% |
| 59 | HALLIBURTON CO | HAL | 3,734,069 | $76.1M | 0.25% |
| 60 | WABTEC | 929740108 | 360,696 | $75.5M | 0.25% |
| 61 | GENUINE PARTS CO | GPC | 596,051 | $72.3M | 0.24% |
| 62 | MRC GLOBAL INC | 55345K103 | 5,223,482 | $71.6M | 0.23% |
| 63 | UNIVERSAL HLTH SVCS INC | 913903100 | 391,743 | $71.0M | 0.23% |
| 64 | EXXON MOBIL CORP | XOM | 654,086 | $70.5M | 0.23% |
| 65 | DIAMONDROCK HOSPITALITY CO | DRH | 8,785,278 | $67.3M | 0.22% |
| 66 | DOUGLAS DYNAMICS INC | PLOW | 2,281,587 | $67.2M | 0.22% |
| 67 | HENRY SCHEIN INC | HSIC | 920,231 | $67.2M | 0.22% |
| 68 | TRIMAS CORP | TRS | 2,177,761 | $62.3M | 0.20% |
| 69 | AMERICAN WOODMARK CORPORATIO | AMWD | 1,148,331 | $61.3M | 0.20% |
| 70 | STEELCASE INC | 858155203 | 5,754,832 | $60.0M | 0.20% |
| 71 | KORN FERRY | KFY | 818,329 | $60.0M | 0.20% |
| 72 | OSHKOSH CORP | OSK | 525,887 | $59.7M | 0.19% |
| 73 | RESIDEO TECHNOLOGIES INC | REZI | 2,687,128 | $59.3M | 0.19% |
| 74 | OLD NATL BANCORP IND | 680033107 | 2,695,779 | $57.5M | 0.19% |
| 75 | HUNTSMAN CORP | HUN | 5,310,768 | $55.3M | 0.18% |
| 76 | MALIBU BOATS INC | MBUU | 1,670,977 | $52.4M | 0.17% |
| 77 | ARCOS DORADOS HOLDINGS INC | ARCO | 6,533,482 | $51.5M | 0.17% |
| 78 | ENVISTA HOLDINGS CORPORATION | NVST | 2,459,082 | $48.1M | 0.16% |
| 79 | ORION S.A. | OEC | 4,577,197 | $48.0M | 0.16% |
| 80 | SHINHAN FINANCIAL GROUP CO L | SHG | 1,027,646 | $46.4M | 0.15% |
| 81 | BREAD FINANCIAL HOLDINGS INC | BFH-PA | 800,143 | $45.7M | 0.15% |
| 82 | ABM INDS INC | 000957100 | 963,943 | $45.5M | 0.15% |
| 83 | MASTERBRAND INC | MBC | 4,154,751 | $45.4M | 0.15% |
| 84 | ASSOCIATED BANC CORP | ASBA | 1,859,542 | $45.4M | 0.15% |
| 85 | SHYFT GROUP INC | 825698103 | 3,579,364 | $44.9M | 0.15% |
| 86 | HDFC BANK LTD | HDB | 583,478 | $44.7M | 0.15% |
| 87 | REGIONS FINANCIAL CORP NEW | RF-PF | 1,899,232 | $44.7M | 0.15% |
| 88 | WSFS FINL CORP | 929328102 | 811,169 | $44.6M | 0.15% |
| 89 | WESCO INTL INC | 95082P105 | 228,819 | $42.4M | 0.14% |
| 90 | TELEFLEX INCORPORATED | TFX | 356,107 | $42.1M | 0.14% |
| 91 | CBRE GROUP INC | CBRE | 295,228 | $41.4M | 0.13% |
| 92 | SCANSOURCE INC | SCSC | 975,578 | $40.8M | 0.13% |
| 93 | KOPPERS HOLDINGS INC | KOP | 1,248,032 | $40.1M | 0.13% |
| 94 | MSC INDL DIRECT INC | 553530106 | 461,931 | $39.3M | 0.13% |
| 95 | FIFTH THIRD BANCORP | FITBM | 951,468 | $39.1M | 0.13% |
| 96 | LEIDOS HOLDINGS INC | LDOS | 244,302 | $38.5M | 0.13% |
| 97 | HCA HEALTHCARE INC | HCA | 99,982 | $38.3M | 0.12% |
| 98 | JOHNSON & JOHNSON | JNJ | 246,313 | $37.6M | 0.12% |
| 99 | VAREX IMAGING CORP | VREX | 4,244,977 | $36.8M | 0.12% |
| 100 | AMERICAN INTL GROUP INC | 026874784 | 429,369 | $36.7M | 0.12% |
| 101 | USANA HEALTH SCIENCES INC | USNA | 1,198,260 | $36.6M | 0.12% |
| 102 | TARGET CORP | TGT | 366,820 | $36.2M | 0.12% |
| 103 | COLUMBIA BKG SYS INC | 197236102 | 1,541,697 | $36.0M | 0.12% |
| 104 | HEALTHCARE RLTY TR | 42226K105 | 2,225,789 | $35.3M | 0.11% |
| 105 | SYNOVUS FINL CORP | 87161C501 | 680,368 | $35.2M | 0.11% |
| 106 | GENPACT LIMITED | G | 732,142 | $32.2M | 0.10% |
| 107 | HAVERTY FURNITURE COS INC | 419596101 | 1,560,557 | $31.8M | 0.10% |
| 108 | UNIVERSAL CORP VA | UVV | 496,979 | $28.9M | 0.09% |
| 109 | KEYCORP | 493267108 | 1,648,725 | $28.7M | 0.09% |
| 110 | GENESCO INC | GCO | 1,433,190 | $28.2M | 0.09% |
| 111 | ARROW ELECTRS INC | 042735100 | 221,239 | $28.2M | 0.09% |
| 112 | HELEN OF TROY LTD | HELE | 985,331 | $28.0M | 0.09% |
| 113 | CVS HEALTH CORP | CVS | 387,600 | $26.7M | 0.09% |
| 114 | UNIVEST FINANCIAL CORPORATIO | UVSP | 888,209 | $26.7M | 0.09% |
| 115 | COMERICA INC | 200340107 | 422,573 | $25.2M | 0.08% |
| 116 | AMBEV SA | ABEV | 10,315,005 | $24.9M | 0.08% |
| 117 | C H ROBINSON WORLDWIDE INC | CHRW | 251,220 | $24.1M | 0.08% |
| 118 | BAIDU INC | BAIDF | 276,435 | $23.7M | 0.08% |
| 119 | FMC CORP | FMC | 561,418 | $23.4M | 0.08% |
| 120 | FRESENIUS MEDICAL CARE AG | FMCQF | 738,968 | $21.1M | 0.07% |
| 121 | BAXTER INTL INC | 071813109 | 674,825 | $20.4M | 0.07% |
| 122 | CITIGROUP INC | C-PR | 233,968 | $19.9M | 0.06% |
| 123 | CAPITAL ONE FINL CORP | 14040H105 | 93,241 | $19.8M | 0.06% |
| 124 | WELLS FARGO CO NEW | 949746101 | 237,396 | $19.0M | 0.06% |
| 125 | HUMANA INC | HUM | 77,649 | $19.0M | 0.06% |
| 126 | TRUEBLUE INC | TBI | 2,919,252 | $18.9M | 0.06% |
| 127 | MARCUS & MILLICHAP INC | MMI | 614,410 | $18.9M | 0.06% |
| 128 | DOLLAR GEN CORP NEW | 256677105 | 163,638 | $18.7M | 0.06% |
| 129 | MAGNA INTL INC | 559222401 | 338,513 | $17.8M | 0.06% |
| 130 | GLOBAL PMTS INC | 37940X102 | 181,644 | $14.5M | 0.05% |
| 131 | HOOKER FURNISHINGS CORPORATI | HOFT | 1,358,726 | $14.4M | 0.05% |
| 132 | MANPOWERGROUP INC WIS | MAN | 351,121 | $14.2M | 0.05% |
| 133 | COGNIZANT TECHNOLOGY SOLUTIO | CTSH | 180,764 | $14.1M | 0.05% |
| 134 | COREBRIDGE FINL INC | 21871X109 | 391,221 | $13.9M | 0.05% |
| 135 | METLIFE INC | MET-PF | 172,133 | $13.8M | 0.05% |
| 136 | BANK AMERICA CORP | 060505104 | 282,564 | $13.4M | 0.04% |
| 137 | SKYWORKS SOLUTIONS INC | SWKS | 173,254 | $12.9M | 0.04% |
| 138 | LEAR CORP | LEA | 134,405 | $12.8M | 0.04% |
| 139 | CHARTER COMMUNICATIONS INC N | 16119P108 | 30,763 | $12.6M | 0.04% |
| 140 | FIDELITY NATIONAL FINANCIAL | FNF | 223,336 | $12.5M | 0.04% |
| 141 | AMDOCS LTD | DOX | 132,812 | $12.1M | 0.04% |
| 142 | BRISTOL-MYERS SQUIBB CO | CELG-RI | 246,566 | $11.4M | 0.04% |
| 143 | MEDTRONIC PLC | MDT | 128,486 | $11.2M | 0.04% |
| 144 | SHELL PLC | RYDAF | 145,792 | $10.3M | 0.03% |
| 145 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 42,551 | $9.6M | 0.03% |
| 146 | TYSON FOODS INC | TSN | 172,180 | $9.6M | 0.03% |
| 147 | DOW INC | DOW | 355,607 | $9.4M | 0.03% |
| 148 | PFIZER INC | PFE | 367,153 | $8.9M | 0.03% |
| 149 | TE CONNECTIVITY PLC | TEL | 51,086 | $8.6M | 0.03% |
| 150 | DELTA AIR LINES INC DEL | DAL | 174,364 | $8.6M | 0.03% |
| 151 | VOYA FINANCIAL INC | VOYA-PB | 110,585 | $7.9M | 0.03% |
| 152 | EQUITABLE HLDGS INC | EQH-PC | 116,546 | $6.5M | 0.02% |
| 153 | UBS GROUP AG | UBS | 242,844 | $6.5M | 0.02% |
| 154 | ALIBABA GROUP HLDG LTD | BBAAY | 53,338 | $6.0M | 0.02% |
| 155 | NOV INC | NOV | 441,864 | $5.5M | 0.02% |
| 156 | NEWELL BRANDS INC | NWL | 783,352 | $4.2M | 0.01% |
| 157 | PVH CORPORATION | PVH | 56,548 | $3.9M | 0.01% |
| 158 | KB FINL GROUP INC | 48241A105 | 41,601 | $3.4M | 0.01% |
| 159 | CIA ENERGETICA DE MINAS GERA | 204409601 | 1,588,094 | $3.1M | 0.01% |
| 160 | ITAU UNIBANCO HLDG S A | 465562106 | 408,895 | $2.8M | 0.01% |
| 161 | VALE S A | VALE | 285,881 | $2.8M | 0.01% |
| 162 | DANA INC | DAN | 157,419 | $2.7M | 0.01% |
| 163 | PETROLEO BRASILEIRO SA PETRO | 71654V101 | 230,441 | $2.7M | 0.01% |
| 164 | ING GROEP N.V. | INGVF | 56,268 | $1.2M | 0.00% |
| 165 | BARCLAYS PLC | BCLYF | 64,604 | $1.2M | 0.00% |
| 166 | ARCELORMITTAL SA LUXEMBOURG | ARCXF | 37,354 | $1.2M | 0.00% |
| 167 | HSBC HLDGS PLC | HBCYF | 18,851 | $1.1M | 0.00% |
| 168 | KONINKLIJKE PHILIPS N V | RYLPF | 20,978 | $503,062 | 0.00% |
| 169 | SUMITOMO MITSUI FINL GROUP I | 86562M209 | 24,052 | $363,422 | 0.00% |
| 170 | NATWEST GROUP PLC | RBSPF | 24,210 | $342,574 | 0.00% |
| 171 | EQUINOR ASA | STOHF | 13,422 | $337,431 | 0.00% |
| 172 | ICICI BANK LIMITED | IBN | 9,977 | $335,626 | 0.00% |
| 173 | DISNEY WALT CO | 254687106 | 2,544 | $315,481 | 0.00% |
| 174 | GSK PLC | GLAXF | 7,510 | $288,384 | 0.00% |
| 175 | CAL MAINE FOODS INC | CALM | 2,823 | $281,255 | 0.00% |
| 176 | INTEL CORP | INTC | 12,326 | $276,102 | 0.00% |
| 177 | SANOFI | SNYNF | 5,580 | $269,564 | 0.00% |
| 178 | MERCK & CO INC | MRK | 3,324 | $263,128 | 0.00% |
| 179 | ULTA BEAUTY INC | ULTA | 525 | $245,606 | 0.00% |
| 180 | CIRRUS LOGIC INC | CRUS | 2,327 | $242,601 | 0.00% |
| 181 | ADOBE INC | ADBE | 583 | $225,551 | 0.00% |
| 182 | HARTFORD INSURANCE GROUP INC | HIG-PG | 1,735 | $220,119 | 0.00% |
| 183 | ALKERMES PLC | ALKS | 7,439 | $212,830 | 0.00% |
| 184 | DELL TECHNOLOGIES INC | DELL | 1,703 | $208,788 | 0.00% |