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LSV Asset Management
Josef Lakonishok · Asset Manager · Value
LSV Asset Management is a Chicago-based investment firm founded in 1994 that specializes in value equity management for institutional investors. The firm utilizes a proprietary quantitative investment model rooted in behavioral finance to exploit market inefficiencies caused by investor judgmental biases. Founded by academics Josef Lakonishok, Andrei Shleifer, and Robert Vishny, the firm maintains a disciplined approach focusing on out-of-favor stocks with near-term momentum. LSV manages approximately $100 billion in assets for a global client base, remaining majority employee-owned with a focus on long-term capital appreciation through a systematic, data-driven process.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +36.6% |
| YTD return | +21.5% |
| Sharpe ratio | 4.04 |
| Win rate | 64% |
| AUM | $13.7B |
| Inception | Oct 1, 2025 |
| Updated | Sep 18, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $13.7B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://www.lsvasset.com |
Current Holdings
Updated on Sep 18, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| DELL | Dell Technologies Inc | 9.1% | +35.1% |
| GOOGL | Alphabet Inc Class A | 8.0% | +29.6% |
| MRK | Merck & Company Inc | 5.8% | +52.4% |
| STT | State Street Corp | 5.8% | +57.3% |
| CSCO | Cisco Systems Inc | 5.7% | +54.1% |
| C | Citigroup Inc | 5.7% | +31.0% |
| HPE | Hewlett Packard Enterprise Co | 5.0% | +33.4% |
| BMY | Bristol-Myers Squibb Company | 4.8% | +26.2% |
| VZ | Verizon Communications Inc | 4.7% | +9.8% |
| GM | General Motors Company | 4.4% | +29.1% |
| T | AT&T Inc | 4.4% | -3.2% |
| CRM | Salesforce.com Inc | 4.4% | -7.1% |
| QCOM | Qualcomm Incorporated | 4.3% | -1.8% |
| SNX | Synnex Corporation | 4.3% | +1.6% |
| MPC | Marathon Petroleum Corp | 4.1% | +19.3% |
| JAZZ | Jazz Pharmaceuticals PLC | 4.1% | +65.9% |
| WFC | Wells Fargo & Company | 4.0% | +6.7% |
| PFE | Pfizer Inc | 3.9% | +3.2% |
| INCY | Incyte Corporation | 3.8% | +6.8% |
| NEM | Newmont Goldcorp Corp | 3.6% | -3.7% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Sep 7, 2026 | SELL | INCY | 3.8% → 3.8% |
| Sep 7, 2026 | BUY | MPC | 3.9% → 4.1% |
| Sep 7, 2026 | BUY | QCOM | 4.2% → 4.3% |
| Sep 7, 2026 | BUY | T | 4.5% → 4.4% |
| Sep 7, 2026 | BUY | BMY | 4.9% → 4.8% |
Investment Style Analysis
LSV Asset Management is widely recognized for employing a Value strategy. As of Sep 18, 2026, the firm oversees approximately $13.7B in assets under management (AUM). The portfolio demonstrates a clear preference for the Drug Manufacturers - General and Communication Equipment sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Sep 7, LSV Asset Management made a significant move by reducing the position in INCY. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
The fundamental premise of LSV's investment philosophy is that superior long-term results can be achieved by systematically exploiting the judgmental biases and behavioral weaknesses that influence investor decisions. These biases include the tendency to extrapolate past performance too far into the future and to wrongly equate a good company with a good investment regardless of price. LSV employs a proprietary quantitative model to rank securities based on fundamental measures of value and indicators of recent positive changes, targeting deeply undervalued, out-of-favor stocks whose future growth potential is underestimated by the market.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with LSV Asset Management.
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Frequently asked questions
How is the simulated portfolio for LSV Asset Management constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is LSV Asset Management's largest holding?
As of the latest filing, LSV Asset Management's top position is Dell Technologies Inc (DELL), representing 9.1% of the portfolio. This reflects a high-conviction bet by the institution.
What is LSV Asset Management's historical performance and risk profile?
Our simulation indicates a total return of +36.6% with a win rate of 64%. Notably, the portfolio maintains a Sharpe Ratio of 4.04, suggesting an exceptional level of risk-adjusted returns compared to the broader market.
What sectors does LSV Asset Management primarily invest in?
LSV Asset Management has a strong preference for the Drug Manufacturers - General sector, which makes up 14.6% of their disclosed assets. The portfolio also has exposure to Communication Equipment, indicating a specific thematic focus.
Is LSV Asset Management's portfolio concentrated or diversified?
LSV Asset Management runs a moderately concentrated portfolio with 20 disclosed positions. The top 3 holdings alone account for 22.9% of the total portfolio weight, suggesting a strategy that favors broader market exposure.
How has LSV Asset Management performed in 2026?
Our AI-simulated model portfolio for LSV Asset Management tracks a Year-to-Date (YTD) return of +21.5%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Josef Lakonishok manage LSV Asset Management directly?
Yes, Josef Lakonishok serves as the key portfolio manager for LSV Asset Management, overseeing the investment strategy and final capital allocation decisions.