Richard Pzena

Pzena Investment Management

Richard "Rich" Pzena is a prominent American investment manager, recognized as the founder and chief investment officer of Pzena Investment Management. Based in New York, Pzena has established a reputation for his deep value investment philosophy, focusing on undervalued companies with strong fundamentals. Under his leadership, Pzena Investment Management has grown to manage approximately $80 billion in assets, catering to a diverse client base including institutions and high-net-worth individuals. Pzena Investment Management specializes in deep value investing, employing a disciplined approach that seeks to identify mispriced securities. The firm operates from its headquarters in New York City, with additional offices in London, Melbourne, and Dublin. This global presence allows Pzena to leverage insights across various markets while adhering to its core investment strategy that emphasizes long-term value. Recent disclosures from Pzena Investment Management, covering the period from February 6, 2026, to April 24, 2026, reveal a series of strategic moves including 85 position increases and 92 reductions, with a notable focus on the financial services and technology sectors. The largest disclosed move involved trimming a position in Dollar General Corporation (DG) valued at approximately $598.6 million, highlighting the firm's active management style and response to market conditions.

Biggest Wins

PositionReported PriceLast PriceEst. P/LReturnEst. Value
Humana Inc.HUM · Q1 2026$173.39$398.42+$1B+129.8%$2B
TrueBlue, Inc.TBI · Q1 2026$3.91$8.22+$12M+110.2%$24M
Helen of Troy LimitedHELE · Q1 2026$14.42$28.67+$11M+98.8%$22M
ManpowerGroup IncMAN · Q1 2026$29.46$51.65+$8M+75.3%$18M
UBS Group AGUBS · Q1 2026$30.73$51.91+$562M+68.9%$1B
ScanSource, Inc.SCSC · Q1 2026$36.30$54.69+$17M+50.7%$50M
Newell Brands IncNWL · Q1 2026$3.43$5.16+$83M+50.4%$247M
CVS Health CorpCVS · Q1 2026$71.82$107.43+$490M+49.6%$1B
Myers Industries, Inc.MYE · Q1 2026$21.18$31.32+$13M+47.9%$40M
The Magnum Ice Cream Company N.V.MICC · Q1 2026$12.71$18.68+$42M+47%$131M
Robert Half International IncRHI · Q1 2026$25.40$36.70+$67M+44.5%$219M
Voya Financial IncVOYA · Q1 2026$68.32$98.49+$111M+44.2%$362M
Arrow Electronics IncARW · Q1 2026$143.41$206.10+$13M+43.7%$43M
Cisco Systems IncCSCO · Q1 2026$77.59$111.10+$44M+43.2%$145M
Avnet, Inc.AVT · Q1 2026$61.62$84.76+$132M+37.6%$482M
MSC Industrial Direct Co., Inc.MSM · Q1 2026$92.27$125.63+$15M+36.2%$56M
DiamondRock Hospitality CompanyDRH · Q1 2026$9.37$12.75+$10M+36.1%$36M
Corebridge Financial, Inc.CRBG · Q1 2026$23.86$31.54+$208M+32.2%$853M
Knight-Swift Transportation Holdings Inc.KNX · Q1 2026$57.58$76.02+$23M+32%$96M
Univest Financial CorporationUVSP · Q1 2026$34.26$45.21+$9M+32%$38M
Baxter International IncBAX · Q1 2026$16.80$22.15+$345M+31.8%$1B
Morgan StanleyMS · Q1 2026$164.57$216.42+$25M+31.5%$103M
Metlife IncMET · Q1 2026$70.72$92.96+$251M+31.4%$1B
Elevance Health, Inc. Common StockELV · Q1 2026$292.75$384.48+$20M+31.3%$85M
Bread Financial Holdings, Inc.BFH · Q1 2026$74.89$98.14+$14M+31%$60M
Delta Air Lines IncDAL · Q1 2026$66.48$85.96+$55M+29.3%$241M
Alphabet IncGOOGL · Q1 2026$287.56$370.92+$14M+29%$63M
Genesco Inc.GCO · Q1 2026$28.99$37.32+$9M+28.7%$40M
Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary SharesSMFG · Q1 2026$19.75$25.23+$178k+27.7%$821k
Arcelor Mittal NY Registry Shares NEWMT · Q1 2026$51.98$66.39+$265k+27.7%$1M
Koppers Holdings Inc.KOP · Q1 2026$38.68$49.05+$13M+26.8%$59M
Nokia CorpNOK · Q1 2026$8.04$10.20+$137M+26.8%$647M
Sensata Technologies Holding PLCST · Q1 2026$35.22$44.65+$33M+26.8%$155M
USANA Health Sciences, Inc.USNA · Q1 2026$17.47$22.12+$5M+26.6%$25M
Healthcare Realty Trust IncorporatedHR · Q1 2026$16.99$21.47+$10M+26.4%$48M
Bank of America CorpBAC · Q1 2026$48.75$61.59+$82M+26.3%$396M
Taiwan Semiconductor Manufacturing Co LtdTSM · Q1 2026$337.95$424.61+$2M+25.6%$8M
KORN FERRYKFY · Q1 2026$62.95$78.87+$13M+25.3%$63M
ING Group, N.V.ING · Q1 2026$26.05$32.41+$513k+24.4%$3M
Haverty Furniture Companies, Inc.HVT · Q1 2026$21.18$26.23+$7M+23.8%$38M
Fifth Third BancorpFITB · Q1 2026$46.46$57.53+$18M+23.8%$94M
Old National BancorpONB · Q1 2026$22.10$27.29+$14M+23.5%$74M
WESCO International, Inc. (WCC)WCC · Q1 2026$273.62$336.70+$7M+23.1%$38M
Umpqua Holdings CorpCOLB · Q1 2026$27.43$33.61+$13M+22.5%$68M
GLOBAL PAYMENTS IncGPN · Q1 2026$67.30$82.19+$173M+22.1%$955M
Spectrum Brands Holdings IncSPB · Q1 2026$73.70$89.60+$37M+21.6%$210M
HSBC Holdings PLCHSBC · Q1 2026$82.49$100.12+$422k+21.4%$2M
American Woodmark CorporationAMWD · Q1 2026$39.83$48.09+$14M+20.7%$79M
KB Financial Group IncKB · Q1 2026$99.73$120.25+$390k+20.6%$2M
Joint Stock Company Kaspi.kzKSPI · Q1 2026$74.07$89.08+$40M+20.3%$238M