13F COMBINATION REPORT
PZENA INVESTMENT MANAGEMENT LLC
Quarter ended Q3 2025 · Filed November 7, 2025 · Accession 0001027796-25-000057
Total Value
$30.94B
Positions
186
Other Managers
1
Confidential Omitted
No
Holdings (186)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | MAGNA INTL INC | 559222401 | 28,729,934 | $1.89B | 6.12% |
| 2 | BAXTER INTL INC | 071813109 | 56,535,888 | $1.29B | 4.16% |
| 3 | CITIGROUP INC | C-PR | 12,337,860 | $1.25B | 4.05% |
| 4 | DOLLAR GEN CORP NEW | 256677105 | 11,514,031 | $1.19B | 3.85% |
| 5 | COGNIZANT TECHNOLOGY SOLUTIO | CTSH | 17,530,104 | $1.18B | 3.80% |
| 6 | CVS HEALTH CORP | CVS | 15,550,132 | $1.17B | 3.79% |
| 7 | CAPITAL ONE FINL CORP | 14040H105 | 4,974,242 | $1.06B | 3.42% |
| 8 | HUMANA INC | HUM | 3,953,434 | $1.03B | 3.32% |
| 9 | UBS GROUP AG | UBS | 29,503,629 | $959.2M | 3.10% |
| 10 | SKYWORKS SOLUTIONS INC | SWKS | 12,096,288 | $931.2M | 3.01% |
| 11 | SS&C TECHNOLOGIES HLDGS INC | SSNC | 10,175,891 | $903.2M | 2.92% |
| 12 | GLOBAL PMTS INC | 37940X102 | 10,727,166 | $891.2M | 2.88% |
| 13 | WELLS FARGO CO NEW | 949746101 | 9,979,983 | $836.5M | 2.70% |
| 14 | METLIFE INC | MET-PF | 9,478,511 | $780.7M | 2.52% |
| 15 | TYSON FOODS INC | TSN | 13,657,346 | $741.6M | 2.40% |
| 16 | LEAR CORP | LEA | 7,363,012 | $740.8M | 2.39% |
| 17 | COREBRIDGE FINL INC | 21871X109 | 21,937,978 | $703.1M | 2.27% |
| 18 | BRISTOL-MYERS SQUIBB CO | CELG-RI | 14,655,038 | $660.9M | 2.14% |
| 19 | DOW INC | DOW | 26,810,622 | $614.8M | 1.99% |
| 20 | NOV INC | NOV | 41,947,969 | $555.8M | 1.80% |
| 21 | MEDTRONIC PLC | MDT | 5,799,600 | $552.4M | 1.79% |
| 22 | AMDOCS LTD | DOX | 6,460,437 | $530.1M | 1.71% |
| 23 | PVH CORPORATION | PVH | 6,198,446 | $519.2M | 1.68% |
| 24 | TE CONNECTIVITY PLC | TEL | 1,858,829 | $408.1M | 1.32% |
| 25 | NOKIA CORP | NOKBF | 80,329,917 | $386.4M | 1.25% |
| 26 | AVNET INC | AVT | 7,143,346 | $373.5M | 1.21% |
| 27 | FRESENIUS MEDICAL CARE AG | FMCQF | 14,077,884 | $370.7M | 1.20% |
| 28 | UNIVERSAL HLTH SVCS INC | 913903100 | 1,607,029 | $328.5M | 1.06% |
| 29 | BANK AMERICA CORP | 060505104 | 6,221,207 | $321.0M | 1.04% |
| 30 | CREDICORP LTD | BAP | 1,053,056 | $280.4M | 0.91% |
| 31 | VOYA FINANCIAL INC | VOYA-PB | 3,535,110 | $264.4M | 0.85% |
| 32 | NEWELL BRANDS INC | NWL | 46,860,419 | $245.5M | 0.79% |
| 33 | ADVANCE AUTO PARTS INC | AAP | 3,995,052 | $245.3M | 0.79% |
| 34 | SHELL PLC | RYDAF | 3,224,540 | $230.7M | 0.75% |
| 35 | DELTA AIR LINES INC DEL | DAL | 4,056,054 | $230.2M | 0.74% |
| 36 | EQUITABLE HLDGS INC | EQH-PC | 4,180,462 | $212.3M | 0.69% |
| 37 | PPG INDS INC | 693506107 | 1,668,950 | $175.4M | 0.57% |
| 38 | PFIZER INC | PFE | 6,248,445 | $159.2M | 0.51% |
| 39 | ZTO EXPRESS CAYMAN INC | ZTOEF | 7,999,407 | $153.6M | 0.50% |
| 40 | THE CIGNA GROUP | 125523100 | 529,841 | $152.7M | 0.49% |
| 41 | MOHAWK INDS INC | 608190104 | 1,179,068 | $152.0M | 0.49% |
| 42 | GLOBE LIFE INC | GL-PD | 998,506 | $142.8M | 0.46% |
| 43 | KASPI KZ JSC | 48581R205 | 1,732,148 | $141.5M | 0.46% |
| 44 | HALLIBURTON CO | HAL | 5,346,596 | $131.5M | 0.43% |
| 45 | SPECTRUM BRANDS HLDGS INC NE | SPB | 2,459,485 | $129.2M | 0.42% |
| 46 | MORGAN STANLEY | MS-PQ | 785,597 | $124.9M | 0.40% |
| 47 | CHARTER COMMUNICATIONS INC N | 16119P108 | 405,081 | $111.4M | 0.36% |
| 48 | ROBERT HALF INC. | RHI | 3,179,968 | $108.1M | 0.35% |
| 49 | JPMORGAN CHASE & CO. | VYLD | 340,025 | $107.3M | 0.35% |
| 50 | CISCO SYS INC | CSCO | 1,544,377 | $105.7M | 0.34% |
| 51 | CONCENTRIX CORP | CNXC | 2,212,592 | $102.1M | 0.33% |
| 52 | LKQ CORP | LKQ | 3,339,732 | $102.0M | 0.33% |
| 53 | CNO FINL GROUP INC | 12621E103 | 2,542,121 | $100.5M | 0.32% |
| 54 | GENERAL DYNAMICS CORP | GD | 293,443 | $100.1M | 0.32% |
| 55 | GOLDMAN SACHS GROUP INC | GSCE | 123,552 | $98.4M | 0.32% |
| 56 | WEBSTER FINL CORP | 947890109 | 1,652,636 | $98.2M | 0.32% |
| 57 | OLIN CORP | OLN | 3,836,663 | $95.9M | 0.31% |
| 58 | RESIDEO TECHNOLOGIES INC | REZI | 2,204,467 | $95.2M | 0.31% |
| 59 | ADIENT PLC | ADNT | 3,689,680 | $88.8M | 0.29% |
| 60 | GENUINE PARTS CO | GPC | 605,063 | $83.9M | 0.27% |
| 61 | ACCENTURE PLC IRELAND | ACN | 337,930 | $83.3M | 0.27% |
| 62 | ARCOS DORADOS HOLDINGS INC | ARCO | 11,427,294 | $77.1M | 0.25% |
| 63 | AMERICAN WOODMARK CORPORATIO | AMWD | 1,152,739 | $77.0M | 0.25% |
| 64 | EXXON MOBIL CORP | XOM | 661,764 | $74.6M | 0.24% |
| 65 | MRC GLOBAL INC | 55345K103 | 5,145,005 | $74.2M | 0.24% |
| 66 | WABTEC | 929740108 | 367,582 | $73.7M | 0.24% |
| 67 | ELEVANCE HEALTH INC FORMERLY | ELV | 216,709 | $70.0M | 0.23% |
| 68 | DOUGLAS DYNAMICS INC | PLOW | 2,218,823 | $69.4M | 0.22% |
| 69 | DIAMONDROCK HOSPITALITY CO | DRH | 8,584,035 | $68.3M | 0.22% |
| 70 | OSHKOSH CORP | OSK | 514,513 | $66.7M | 0.22% |
| 71 | HENRY SCHEIN INC | HSIC | 925,992 | $61.5M | 0.20% |
| 72 | OLD NATL BANCORP IND | 680033107 | 2,633,476 | $57.8M | 0.19% |
| 73 | AEBI SCHMIDT HLDG AG | H00501108 | 4,578,822 | $57.1M | 0.18% |
| 74 | KORN FERRY | KFY | 811,374 | $56.8M | 0.18% |
| 75 | MALIBU BOATS INC | MBUU | 1,680,244 | $54.5M | 0.18% |
| 76 | MASTERBRAND INC | MBC | 4,123,054 | $54.3M | 0.18% |
| 77 | ABM INDS INC | 000957100 | 1,164,842 | $53.7M | 0.17% |
| 78 | VAREX IMAGING CORP | VREX | 4,227,023 | $52.4M | 0.17% |
| 79 | TRIMAS CORP | TRS | 1,302,265 | $50.3M | 0.16% |
| 80 | WNS HLDGS LTD | G98196101 | 659,313 | $50.3M | 0.16% |
| 81 | WSFS FINL CORP | 929328102 | 928,413 | $50.1M | 0.16% |
| 82 | COLUMBIA BKG SYS INC | 197236102 | 1,926,346 | $49.6M | 0.16% |
| 83 | ENVISTA HOLDINGS CORPORATION | NVST | 2,414,866 | $49.2M | 0.16% |
| 84 | REGIONS FINANCIAL CORP NEW | RF-PF | 1,839,825 | $48.5M | 0.16% |
| 85 | HUNTSMAN CORP | HUN | 5,393,866 | $48.4M | 0.16% |
| 86 | SHINHAN FINANCIAL GROUP CO L | SHG | 952,762 | $48.0M | 0.16% |
| 87 | TELEFLEX INCORPORATED | TFX | 387,483 | $47.4M | 0.15% |
| 88 | ASSOCIATED BANC CORP | ASBA | 1,819,595 | $46.8M | 0.15% |
| 89 | CBRE GROUP INC | CBRE | 295,522 | $46.6M | 0.15% |
| 90 | LEIDOS HOLDINGS INC | LDOS | 244,661 | $46.2M | 0.15% |
| 91 | JOHNSON & JOHNSON | JNJ | 248,251 | $46.0M | 0.15% |
| 92 | WESCO INTL INC | 95082P105 | 213,069 | $45.1M | 0.15% |
| 93 | BREAD FINANCIAL HOLDINGS INC | BFH-PA | 785,417 | $43.8M | 0.14% |
| 94 | HCA HEALTHCARE INC | HCA | 101,060 | $43.1M | 0.14% |
| 95 | FIFTH THIRD BANCORP | FITBM | 945,184 | $42.1M | 0.14% |
| 96 | SCANSOURCE INC | SCSC | 945,599 | $41.6M | 0.13% |
| 97 | MSC INDL DIRECT INC | 553530106 | 444,666 | $41.0M | 0.13% |
| 98 | GENESCO INC | GCO | 1,385,618 | $40.2M | 0.13% |
| 99 | HEALTHCARE RLTY TR | 42226K105 | 2,225,789 | $40.1M | 0.13% |
| 100 | ORION S.A. | OEC | 4,694,825 | $35.6M | 0.12% |
| 101 | KOPPERS HOLDINGS INC | KOP | 1,249,272 | $35.0M | 0.11% |
| 102 | AMERICAN INTL GROUP INC | 026874784 | 441,103 | $34.6M | 0.11% |
| 103 | HAVERTY FURNITURE COS INC | 419596101 | 1,558,458 | $34.2M | 0.11% |
| 104 | TARGET CORP | TGT | 374,225 | $33.6M | 0.11% |
| 105 | USANA HEALTH SCIENCES INC | USNA | 1,212,588 | $33.4M | 0.11% |
| 106 | SOLVENTUM CORP | SOLV | 434,264 | $31.7M | 0.10% |
| 107 | KEYCORP | 493267108 | 1,652,812 | $30.9M | 0.10% |
| 108 | GENPACT LIMITED | G | 732,142 | $30.7M | 0.10% |
| 109 | HDFC BANK LTD | HDB | 859,167 | $29.3M | 0.09% |
| 110 | COMERICA INC | 200340107 | 421,314 | $28.9M | 0.09% |
| 111 | UNIVEST FINANCIAL CORPORATIO | UVSP | 890,902 | $26.7M | 0.09% |
| 112 | ARROW ELECTRS INC | 042735100 | 211,097 | $25.5M | 0.08% |
| 113 | HELEN OF TROY LTD | HELE | 1,010,756 | $25.5M | 0.08% |
| 114 | MAGNA INTL INC | 559222401 | 338,513 | $22.3M | 0.07% |
| 115 | SENSATA TECHNOLOGIES HLDG PL | ST | 730,498 | $22.3M | 0.07% |
| 116 | CVS HEALTH CORP | CVS | 294,840 | $22.2M | 0.07% |
| 117 | HUMANA INC | HUM | 77,649 | $20.2M | 0.07% |
| 118 | WELLS FARGO CO NEW | 949746101 | 237,396 | $19.9M | 0.06% |
| 119 | CITIGROUP INC | C-PR | 194,143 | $19.7M | 0.06% |
| 120 | FRESENIUS MEDICAL CARE AG | FMCQF | 738,968 | $19.5M | 0.06% |
| 121 | BAXTER INTL INC | 071813109 | 851,152 | $19.4M | 0.06% |
| 122 | FMC CORP | FMC | 571,900 | $19.2M | 0.06% |
| 123 | UNIVERSAL CORP VA | UVV | 337,504 | $18.9M | 0.06% |
| 124 | MARCUS & MILLICHAP INC | MMI | 631,330 | $18.5M | 0.06% |
| 125 | TRUEBLUE INC | TBI | 2,891,834 | $17.7M | 0.06% |
| 126 | DOLLAR GEN CORP NEW | 256677105 | 163,638 | $16.9M | 0.05% |
| 127 | CAPITAL ONE FINL CORP | 14040H105 | 77,892 | $16.6M | 0.05% |
| 128 | METLIFE INC | MET-PF | 193,512 | $15.9M | 0.05% |
| 129 | GLOBAL PMTS INC | 37940X102 | 181,644 | $15.1M | 0.05% |
| 130 | BANK AMERICA CORP | 060505104 | 282,564 | $14.6M | 0.05% |
| 131 | HOOKER FURNISHINGS CORPORATI | HOFT | 1,416,002 | $14.4M | 0.05% |
| 132 | SKYWORKS SOLUTIONS INC | SWKS | 175,874 | $13.5M | 0.04% |
| 133 | LEAR CORP | LEA | 134,405 | $13.5M | 0.04% |
| 134 | FIDELITY NATIONAL FINANCIAL | FNF | 223,286 | $13.5M | 0.04% |
| 135 | MANPOWERGROUP INC WIS | MAN | 351,121 | $13.3M | 0.04% |
| 136 | COREBRIDGE FINL INC | 21871X109 | 391,221 | $12.5M | 0.04% |
| 137 | MEDTRONIC PLC | MDT | 128,486 | $12.2M | 0.04% |
| 138 | COGNIZANT TECHNOLOGY SOLUTIO | CTSH | 180,764 | $12.1M | 0.04% |
| 139 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 42,485 | $11.9M | 0.04% |
| 140 | BRISTOL-MYERS SQUIBB CO | CELG-RI | 246,566 | $11.1M | 0.04% |
| 141 | BAIDU INC | BAIDF | 83,828 | $11.0M | 0.04% |
| 142 | AMDOCS LTD | DOX | 132,812 | $10.9M | 0.04% |
| 143 | SHELL PLC | RYDAF | 145,792 | $10.4M | 0.03% |
| 144 | AMBEV SA | ABEV | 4,514,704 | $10.1M | 0.03% |
| 145 | DELTA AIR LINES INC DEL | DAL | 174,364 | $9.9M | 0.03% |
| 146 | PFIZER INC | PFE | 367,153 | $9.4M | 0.03% |
| 147 | TYSON FOODS INC | TSN | 172,180 | $9.3M | 0.03% |
| 148 | PPG INDS INC | 693506107 | 78,714 | $8.3M | 0.03% |
| 149 | VOYA FINANCIAL INC | VOYA-PB | 110,585 | $8.3M | 0.03% |
| 150 | DOW INC | DOW | 355,607 | $8.2M | 0.03% |
| 151 | UBS GROUP AG | UBS | 242,844 | $7.9M | 0.03% |
| 152 | ALIBABA GROUP HLDG LTD | BBAAY | 41,370 | $7.4M | 0.02% |
| 153 | TE CONNECTIVITY PLC | TEL | 30,747 | $6.7M | 0.02% |
| 154 | STEELCASE INC | 858155203 | 391,559 | $6.7M | 0.02% |
| 155 | EQUITABLE HLDGS INC | EQH-PC | 116,546 | $5.9M | 0.02% |
| 156 | NOV INC | NOV | 441,864 | $5.9M | 0.02% |
| 157 | PVH CORPORATION | PVH | 56,548 | $4.7M | 0.02% |
| 158 | CIA ENERGETICA DE MINAS GERA | 204409601 | 2,012,194 | $4.2M | 0.01% |
| 159 | NEWELL BRANDS INC | NWL | 783,352 | $4.1M | 0.01% |
| 160 | VALE S A | VALE | 285,881 | $3.1M | 0.01% |
| 161 | ITAU UNIBANCO HLDG S A | 465562106 | 408,895 | $3.0M | 0.01% |
| 162 | KB FINL GROUP INC | 48241A105 | 35,521 | $2.9M | 0.01% |
| 163 | PETROLEO BRASILEIRO SA PETRO | 71654V101 | 230,441 | $2.7M | 0.01% |
| 164 | MYERS INDS INC | 628464109 | 142,563 | $2.4M | 0.01% |
| 165 | C H ROBINSON WORLDWIDE INC | CHRW | 16,380 | $2.2M | 0.01% |
| 166 | ING GROEP N.V. | INGVF | 57,788 | $1.5M | 0.00% |
| 167 | ARCELORMITTAL SA LUXEMBOURG | ARCXF | 38,436 | $1.4M | 0.00% |
| 168 | HSBC HLDGS PLC | HBCYF | 19,348 | $1.4M | 0.00% |
| 169 | BARCLAYS PLC | BCLYF | 60,203 | $1.2M | 0.00% |
| 170 | KONINKLIJKE PHILIPS N V | RYLPF | 29,373 | $800,695 | 0.00% |
| 171 | SUMITOMO MITSUI FINL GROUP I | 86562M209 | 24,687 | $413,261 | 0.00% |
| 172 | EQUINOR ASA | STOHF | 16,534 | $403,104 | 0.00% |
| 173 | GSK PLC | GLAXF | 8,717 | $376,237 | 0.00% |
| 174 | SANOFI SA | SNYNF | 6,666 | $314,624 | 0.00% |
| 175 | APPLIED MATLS INC | 038222105 | 1,473 | $301,582 | 0.00% |
| 176 | HALOZYME THERAPEUTICS INC | HALO | 4,107 | $301,207 | 0.00% |
| 177 | DISNEY WALT CO | 254687106 | 2,544 | $291,288 | 0.00% |
| 178 | ADOBE INC | ADBE | 802 | $282,906 | 0.00% |
| 179 | MERCK & CO INC | MRK | 3,324 | $278,983 | 0.00% |
| 180 | INTEL CORP | INTC | 8,315 | $278,968 | 0.00% |
| 181 | CIRRUS LOGIC INC | CRUS | 2,222 | $278,394 | 0.00% |
| 182 | CAL MAINE FOODS INC | CALM | 2,860 | $269,126 | 0.00% |
| 183 | DELL TECHNOLOGIES INC | DELL | 1,685 | $238,882 | 0.00% |
| 184 | HARTFORD INSURANCE GROUP INC | HIG-PG | 1,735 | $231,432 | 0.00% |
| 185 | GE AEROSPACE | 369604301 | 736 | $221,404 | 0.00% |
| 186 | DANA INC | DAN | 10,094 | $202,284 | 0.00% |