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Pzena Investment Management, Inc.
Richard Pzena · Asset Manager · Value
Pzena Investment Management is a global value-oriented investment firm headquartered in New York City. Founded in 1995 by Richard Pzena, the firm serves institutional clients, mutual funds, and high-net-worth individuals through a disciplined, research-intensive approach. Pzena specializes in deep-value investing, seeking to identify companies trading significantly below their intrinsic value due to temporary underperformance. The firm, which transitioned from a public to a private company in 2022, emphasizes a culture of ownership and an unwavering commitment to its core value philosophy across various market conditions.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +17.9% |
| YTD return | +6.2% |
| Sharpe ratio | 4.40 |
| Win rate | 53% |
| AUM | $22.9B |
| Inception | Oct 1, 2025 |
| Updated | Sep 11, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $22.9B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://www.pzena.com |
Current Holdings
Updated on Sep 11, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| HUM | Humana Inc | 7.8% | +43.7% |
| BAX | Baxter International Inc | 7.4% | +8.4% |
| CTSH | Cognizant Technology Solutions Corp Class A | 7.3% | -3.5% |
| DG | Dollar General Corporation | 5.9% | +6.4% |
| UBS | UBS Group AG | 5.5% | +32.7% |
| SWKS | Skyworks Solutions Inc | 5.1% | +19.5% |
| CRBG | Corebridge Financial Inc. | 5.1% | +16.0% |
| BMY | Bristol-Myers Squibb Company | 5.0% | +10.7% |
| CVS | CVS Health Corp | 5.0% | +20.4% |
| MET | MetLife Inc | 4.8% | +17.9% |
| GPN | Global Payments Inc | 4.7% | +28.0% |
| COF | Capital One Financial Corporation | 4.4% | -1.9% |
| GOOGL | Alphabet Inc Class A | 4.3% | +31.7% |
| ACN | Accenture plc | 4.2% | +3.9% |
| SSNC | SS&C Technologies Holdings Inc | 4.0% | -1.5% |
| ING | ING Group NV ADR | 4.0% | +0.2% |
| LEA | Lear Corporation | 3.9% | -2.9% |
| PPG | PPG Industries Inc | 3.8% | -6.8% |
| TSN | Tyson Foods Inc | 3.8% | -4.9% |
| STX | Seagate Technology PLC | 3.8% | -5.9% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Sep 7, 2026 | BUY | MET | 4.7% → 4.8% |
| Sep 7, 2026 | SELL | GPN | 4.9% → 4.7% |
| Sep 7, 2026 | SELL | BMY | 5.1% → 5.0% |
| Sep 7, 2026 | SELL | CRBG | 4.9% → 5.1% |
| Sep 7, 2026 | SELL | STX | 3.9% → 3.8% |
Investment Style Analysis
Pzena Investment Management, Inc. is widely recognized for employing a Value strategy. As of Sep 11, 2026, the firm oversees approximately $22.9B in assets under management (AUM). The portfolio demonstrates a clear preference for the Healthcare Plans and Information Technology Services sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Sep 7, Pzena Investment Management, Inc. made a significant move by increasing exposure to MET. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
Pzena Investment Management follows a classic deep value philosophy, focusing on businesses that are out of favor and trading at low prices relative to their long-term earnings potential. The firm utilizes a systematic, bottom-up research process to rank companies by their price-to-normal earnings ratio. By identifying businesses where performance issues are deemed temporary, Pzena aims to build concentrated portfolios that capture substantial upside as fundamentals mean-revert. This disciplined approach seeks to eliminate emotional biases and capitalize on market volatility and the long-term earnings power of undervalued securities.
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 Pzena Investment Management, Inc..
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Frequently asked questions
How is the simulated portfolio for Pzena Investment Management, Inc. 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 Pzena Investment Management, Inc.'s largest holding?
As of the latest filing, Pzena Investment Management, Inc.'s top position is Humana Inc (HUM), representing 7.8% of the portfolio. This reflects a high-conviction bet by the institution.
What is Pzena Investment Management, Inc.'s historical performance and risk profile?
Our simulation indicates a total return of +17.9% with a win rate of 53%. Notably, the portfolio maintains a Sharpe Ratio of 4.40, suggesting an exceptional level of risk-adjusted returns compared to the broader market.
What sectors does Pzena Investment Management, Inc. primarily invest in?
Pzena Investment Management, Inc. has a strong preference for the Healthcare Plans sector, which makes up 12.8% of their disclosed assets. The portfolio also has exposure to Information Technology Services, indicating a specific thematic focus.
Is Pzena Investment Management, Inc.'s portfolio concentrated or diversified?
Pzena Investment Management, Inc. runs a moderately concentrated portfolio with 20 disclosed positions. The top 3 holdings alone account for 22.5% of the total portfolio weight, suggesting a strategy that favors broader market exposure.
How has Pzena Investment Management, Inc. performed in 2026?
Our AI-simulated model portfolio for Pzena Investment Management, Inc. tracks a Year-to-Date (YTD) return of +6.2%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Richard Pzena manage Pzena Investment Management, Inc. directly?
Yes, Richard Pzena serves as the key portfolio manager for Pzena Investment Management, Inc., overseeing the investment strategy and final capital allocation decisions.