Richard Pzena's portfolio
Classic deep value; buys quality businesses at maximum pessimism.
What changed in Q2 2026
Compared with the previous 13F. Values are as reported at quarter end. How to read a 13F.
New positions
- WorkdayWDAY$241M
- Ke HoldingsBEKE$129M
- SAP SE ADRSAP$1M
- Zebra TechnologiesZBRA$357,770
- ToastTOST$304,490
- OracleORCL$304,238
- NVIDIANVDA$289,130
- QorvoQRVO$284,007
- Salesforce.comCRM$235,303
- GE Vernova LLCGEV$216,174
Added to
- Baxter InternationalBAX$1.4B
- Dollar GeneralDG$1.2B
- Cognizant Technology Solutions Corp Class ACTSH$1.0B
- Corebridge FinancialCRBG$967M
- PPG IndustriesPPG$947M
- Capital One FinancialCOF$922M
- Global PaymentsGPN$848M
- Wells Fargo &WFC$730M
- AmdocsDOX$707M
- SS&C TechnologiesSSNC$685M
Trimmed
- Magna InternationalMGA$2.2B
- HumanaHUM$1.7B
- CVS HealthCVS$1.2B
- Skyworks SolutionsSWKS$1.1B
- Bristol-Myers SquibbBMY$980M
- Tyson FoodsTSN$974M
- MetLifeMET$942M
- UBS Group AGUBS$906M
- LearLEA$890M
- CitigroupC$777M
Sold out
None this quarter.
Holdings
161 US-listed positions in the Q2 2026 13F, largest first (top 50 shown; all of them in Investingly).
| Stock | % of portfolio | Value | Shares | Last quarter |
|---|---|---|---|---|
| Magna InternationalMGA | 6.54% | $2.2B | 23,882,824 | Trimmed |
| HumanaHUM | 5.13% | $1.7B | 4,403,136 | Trimmed |
| Baxter InternationalBAX | 4.09% | $1.4B | 65,295,393 | Added |
| CVS HealthCVS | 3.57% | $1.2B | 11,769,536 | Trimmed |
| Dollar GeneralDG | 3.45% | $1.2B | 10,222,060 | Added |
| Skyworks SolutionsSWKS | 3.18% | $1.1B | 15,973,040 | Trimmed |
| Cognizant Technology Solutions Corp Class ACTSH | 3.02% | $1.0B | 26,529,172 | Added |
| Bristol-Myers SquibbBMY | 2.88% | $980M | 17,007,044 | Trimmed |
| Tyson FoodsTSN | 2.86% | $974M | 17,016,651 | Trimmed |
| Corebridge FinancialCRBG | 2.84% | $967M | 33,789,727 | Added |
| PPG IndustriesPPG | 2.78% | $947M | 7,807,438 | Added |
| MetLifeMET | 2.77% | $942M | 11,130,983 | Trimmed |
| Capital One FinancialCOF | 2.71% | $922M | 4,593,920 | Added |
| UBS Group AGUBS | 2.66% | $906M | 22,604,129 | Trimmed |
| LearLEA | 2.61% | $890M | 6,638,413 | Trimmed |
| Global PaymentsGPN | 2.49% | $848M | 11,691,625 | Added |
| CitigroupC | 2.28% | $777M | 5,548,789 | Trimmed |
| Wells Fargo &WFC | 2.14% | $730M | 8,827,468 | Added |
| AmdocsDOX | 2.08% | $707M | 13,985,330 | Added |
| SS&C TechnologiesSSNC | 2.01% | $685M | 11,036,568 | Added |
| NOVNOV | 1.98% | $675M | 36,376,087 | Trimmed |
| Accenture Plc Ireland | 1.88% | $640M | 5,142,176 | Held |
| PVHPVH | 1.30% | $445M | 5,986,677 | Added |
| LKQLKQ | 1.17% | $399M | 15,142,285 | Added |
| CDWCDW | 1.09% | $371M | 2,638,900 | Added |
| Bank of AmericaBAC | 1.05% | $360M | 6,310,363 | Trimmed |
| DowDOW | 1.00% | $342M | 12,507,011 | Trimmed |
| Fresenius Medical CareFMS | 0.99% | $339M | 14,992,081 | Trimmed |
| CredicorpBAP | 0.96% | $326M | 836,569 | Trimmed |
| Voya FinancialVOYA | 0.94% | $320M | 3,529,646 | Trimmed |
| Newell BrandsNWL | 0.86% | $295M | 47,990,664 | Added |
| Universal Health ServicesUHS | 0.86% | $293M | 1,969,327 | Added |
| AvnetAVT | 0.81% | $277M | 3,120,395 | Trimmed |
| Advance Auto PartsAAP | 0.80% | $273M | 4,389,501 | Added |
| Joint Stock Company Kaspi.kzKSPI | 0.78% | $266M | 3,071,888 | Added |
| MedtronicMDT | 0.72% | $246M | 3,147,999 | Trimmed |
| Delta Air LinesDAL | 0.72% | $245M | 2,618,707 | Trimmed |
| Axa EquitableEQH | 0.72% | $244M | 5,561,804 | Added |
| Globe LifeGL | 0.71% | $242M | 1,355,811 | Added |
| WorkdayWDAY | 0.71% | $241M | 1,971,270 | New |
| Spectrum BrandsSPB | 0.61% | $208M | 2,420,808 | Added |
| Magnum Ice Cream Co Nv | 0.59% | $201M | 13,199,616 | Held |
| Shell PLC ADRSHEL | 0.59% | $200M | 2,581,244 | Trimmed |
| Robert Half InternationalRHI | 0.56% | $191M | 6,222,305 | Added |
| ZTO Express (Cayman)ZTO | 0.48% | $164M | 7,322,331 | Trimmed |
| MasterBrandMBC | 0.46% | $158M | 15,329,483 | Added |
| CignaCI | 0.46% | $155M | 562,036 | Trimmed |
| Cisco SystemsCSCO | 0.44% | $151M | 1,281,329 | Trimmed |
| PfizerPFE | 0.42% | $143M | 5,958,922 | Added |
| Mohawk Inds | 0.41% | $139M | 1,142,841 | Held |
By sector
Share of the reported value.
Reported value over time
Total 13F value at each quarter end.
Questions
What stocks does Richard Pzena own?
In the Q2 2026 13F, Pzena Investment Management reported 161 US stock positions worth $34.1B. The largest: Magna International (MGA) 6.5%, Humana (HUM) 5.1%, Baxter International (BAX) 4.1%, CVS Health (CVS) 3.6%, Dollar General (DG) 3.5%.
What did Richard Pzena buy last quarter?
In Q2 2026: new position in Workday (WDAY); new position in Ke Holdings (BEKE); new position in SAP SE ADR (SAP); added to Baxter International (BAX); added to Dollar General (DG); added to Cognizant Technology Solutions Corp Class A (CTSH).
When is Richard Pzena's next 13F?
13F filings are due 45 days after each quarter ends. The Q3 2026 filing is due by November 14, 2026.
More investors
13F filings list US-listed long positions (and some options) held at quarter end. They leave out short positions, cash, bonds and non-US holdings, and arrive up to 45 days after the quarter ends, so the investor may have traded since. Information only, not investment advice.