Warren Buffett 29 Bill Ackman 11 Charlie Munger 4 MB Michael Burry Q3 2025 Carl Icahn 12 JG Joel Greenblatt 1791 Seth Klarman 23 Howard Marks 54 DE David Einhorn Q4 2023 David Tepper 27 SD Stanley Druckenmiller 90 DL Dan Loeb 39 MP Mohnish Pabrai 4 LL Li Lu 8 Prem Watsa 32 CC Chase Coleman 46 PL Philippe Laffont 66 Cliff Asness 3896 MG Mario Gabelli 916 BM Bill Miller 56 TG Tom Gayner 130 CA Chuck Akre 19 RB Ron Baron 345 BN Bill Nygren 161 John Rogers 106 SM Stephen Mandel 34 AH Andreas Halvorsen 90 LA Lee Ainslie 177 Tom Steyer 85 JE Jean-Marie Eveillard 424 BB Bruce Berkowitz 13 TB Tweedy, Browne 91 D& Dodge & Cox 222 MH Mason Hawkins 47 DA David Abrams 11 MM Mason Morfit 18 BR Barry Rosenstein 10 MW Marty Whitman 55 SB Sardar Biglari 12 RP Richard Pzena 161 PM PRIMECAP Management 324 HC Hersh Cohen 698 BC Boykin Curry 56 CB Charles Brandes 193 RD Ric Dillon 186 MS Murray Stahl 351 EW Ed Wachenheim 28 DY Donald Yacktman 74 SR Steven Romick 72 AW Andrew Wellington 41 RC Ruane, Cunniff & Goldfarb 54 DS Donald Smith 66 LR Larry Robbins 44 BS Bill Smead 32 GG Glenn Greenberg 40 MM Mark Massey 8 AR Andrew Redleaf 487 CF C.T. Fitzpatrick 36 FR Francois Rochon 51 WN Will Nasgovitz 244 DI David Iben 30 EM Eric Marshall 223 WW Wallace Weitz 50 SS Sean Stannard-Stockton Q3 2024 JP Jay Petschek 164 TK Thomas Kahn 48 RR Robert Robotti 61 CD Charles de Vaulx Q4 2020 DR David Rolfe 18 AW Adam Wyden 8 GW Glenn Welling 9 LP Larry Pitkowsky 24 BL Bryan Lawrence 9 FC Francis Chou 31 AR Alex Roepers 12 MB Mark Boyar 77 Warren Lichtenstein 9 JR James Roumell Q2 2024 RO Robert Olstein 1 TB Tom Bancroft 1
RP
Richard Pzena
Pzena Investment Management
Portfolio value
$34,066,282,976
Stocks
161
Period
Q2 2026
Filed
7 Aug 2026
Holdings Activity HistoryPRO Analytics Across all investors →

Classic deep value; buys quality businesses at maximum pessimism.

✦

Cut Webster Financial Corp 99.2%, added 353% to Genpact Ltd and opened 11 new positions, the largest WDAY at 0.7%. Financial Services is still the biggest weight in the book at 19.5%. The top five names are 23% of it.

Added to
64
New positions
11
Reduced
64
Action Ticker Shares Δ Position Value % Portfolio
REDUCE MGA -1,446,531 $2,227,312,133 6.54%
REDUCE HUM -1,067,846 $1,749,013,682 5.13%
ADD BAX +767,570 $1,392,097,779 4.09%
REDUCE CVS -2,003,517 $1,217,558,500 3.57%
ADD DG +3,324,519 $1,176,661,326 3.45%
REDUCE SWKS -135,098 $1,082,972,112 3.18%
ADD CTSH +6,266,810 $1,027,474,831 3.02%
REDUCE BMY -88,687 $979,945,875 2.88%
REDUCE TSN -139,062 $974,203,270 2.86%
ADD CRBG +6,743,933 $967,399,884 2.84%
ADD PPG +328,792 $946,964,155 2.78%
REDUCE MET -172,836 $941,792,472 2.77%
ADD COF +13,800 $921,632,231 2.71%
REDUCE UBS -3,940,226 $905,521,392 2.66%
REDUCE LEA -120,092 $889,945,647 2.61%
ADD GPN +76,048 $848,344,310 2.49%
REDUCE C -2,626,575 $776,608,508 2.28%
ADD WFC +54,340 $729,501,955 2.14%
ADD DOX +1,304,241 $706,818,578 2.08%
ADD SSNC +1,337,308 $684,819,044 2.01%
REDUCE NOV -1,159,362 $674,776,414 1.98%
ADD PVH +217,771 $444,570,634 1.30%
ADD LKQ +8,909,385 $398,696,364 1.17%
ADD CDW +1,523,365 $371,134,896 1.09%
REDUCE BAC -112,391 $359,564,484 1.05%
REDUCE DOW -6,440,591 $342,191,821 1.00%
REDUCE FMS -60,741 $338,970,952 0.99%
REDUCE BAP -75,491 $325,910,551 0.96%
REDUCE VOYA -143,472 $319,538,852 0.94%
ADD NWL +187,729 $294,662,677 0.86%
ADD UHS +57,092 $292,819,232 0.86%
REDUCE AVT -2,571,835 $277,153,484 0.81%
ADD AAP +88,412 $273,114,752 0.80%
ADD KSPI +399,501 $266,148,376 0.78%
REDUCE MDT -9,016 $246,267,980 0.72%
REDUCE DAL -188,960 $245,268,098 0.72%
ADD EQH +1,097,457 $244,051,960 0.72%
ADD GL +329,565 $242,256,309 0.71%
NEW WDAY +1,971,270 $241,322,874 0.71%
ADD SPB +82,385 $207,584,286 0.61%
REDUCE SHEL -615,205 $200,149,649 0.59%
ADD RHI +255,571 $191,024,764 0.56%
REDUCE ZTO -138,600 $163,873,768 0.48%
ADD MBC +11,515,469 $157,740,380 0.46%
REDUCE CI -16,412 $154,942,084 0.46%
REDUCE CSCO -27,411 $150,504,904 0.44%
ADD PFE +34,030 $143,490,842 0.42%
REDUCE HAL -141,339 $133,277,583 0.39%
NEW BEKE +8,877,643 $128,992,153 0.38%
ADD KT +110,953 $125,910,720 0.37%
REDUCE CNO -29,256 $124,476,082 0.36%
REDUCE TEL -48,341 $112,021,976 0.33%
ADD GLOB +890,890 $111,700,239 0.33%
REDUCE JPM -3,168 $109,358,989 0.32%
REDUCE MS -21,873 $95,007,008 0.28%
ADD G +2,587,492 $91,287,515 0.27%
REDUCE FITB -51,060 $89,332,752 0.26%
ADD ARCO +63,192 $87,083,125 0.26%
ADD ELV +4,399 $86,849,890 0.26%
ADD STZ +3,519 $83,358,584 0.24%
REDUCE XOM -27,695 $80,589,467 0.24%
ADD ABM +285,267 $79,994,901 0.23%
REDUCE OLN -541,409 $77,103,843 0.23%
ADD CNXC +470,667 $76,487,959 0.23%
REDUCE TFX -95,919 $76,462,393 0.22%
REDUCE PLOW -208,453 $74,703,486 0.22%
ADD ONB +149,855 $73,646,572 0.22%
REDUCE HSIC -26,906 $71,888,420 0.21%
ADD GPC +17,882 $69,840,621 0.20%
ADD ADNT +135,729 $69,311,458 0.20%
ADD COLB +96,103 $68,244,770 0.20%
ADD WSFS +9,908 $68,174,298 0.20%
ADD MMI +128,238 $66,735,001 0.20%
REDUCE OSK -23,090 $63,811,766 0.19%
ADD MLKN +1,036,963 $62,049,042 0.18%
ADD ASB +67,261 $61,239,777 0.18%
ADD SCSC +196,504 $57,806,513 0.17%
ADD KFY +70,242 $57,770,134 0.17%
REDUCE HUN -654,687 $54,816,957 0.16%
ADD AEBI +208,487 $54,207,679 0.16%
ADD WGO +716,237 $53,405,748 0.16%
ADD REZI +309,735 $52,458,392 0.15%
ADD MBUU +96,804 $49,216,579 0.14%
ADD TGT +128 $48,783,227 0.14%
REDUCE KOP -148,091 $47,651,697 0.14%
ADD VREX +352,101 $45,311,894 0.13%
REDUCE MSM -70,946 $44,447,333 0.13%
REDUCE SHG -21,177 $42,344,224 0.12%
ADD HDB +93,975 $41,676,085 0.12%
ADD CBRE +3,910 $41,185,643 0.12%
ADD GD +1,107 $38,461,254 0.11%
ADD HCA +2,337 $37,662,594 0.11%
REDUCE DNOW -201,833 $37,528,462 0.11%
ADD GCO +18,140 $37,103,842 0.11%
REDUCE KEY -61,886 $36,811,288 0.11%
REDUCE BFH -286,225 $35,478,991 0.10%
REDUCE DRH -5,019 $34,464,041 0.10%
ADD AIG +6,870 $34,031,814 0.10%
REDUCE SOLV -22,148 $32,230,956 0.10%
REDUCE NVST -446,923 $30,494,144 0.09%
REDUCE MYE -503,571 $27,577,604 0.08%
ADD HOFT +163,898 $27,504,968 0.08%
REDUCE ARW -85,880 $26,712,103 0.08%
ADD USNA +96,654 $25,739,282 0.08%
REDUCE LDOS -88 $25,521,012 0.07%
REDUCE WCC -42,087 $24,696,172 0.07%
ADD TBI +219,178 $21,542,932 0.06%
REDUCE HELE -84,596 $19,668,093 0.06%
ADD UVV +33,989 $18,962,595 0.06%
REDUCE ABEV -977,439 $11,743,252 0.03%
REDUCE BIDU -7,293 $4,740,063 0.01%
REDUCE KNX -1,200,405 $4,625,945 0.01%
REDUCE BABA -1,674 $2,568,545 0.01%
REDUCE TSM -14,932 $1,936,069 0.01%
REDUCE TTE -2 $1,505,572 0.00%
ADD PHG +6,600 $1,311,725 0.00%
ADD GSK +5,684 $1,284,635 0.00%
REDUCE EQNR -2,328 $1,199,104 0.00%
ADD SNY +6,214 $1,079,391 0.00%
NEW SAP +6,554 $1,010,037 0.00%
REDUCE CIG -626,827 $953,310 0.00%
REDUCE VALE -129,642 $888,522 0.00%
REDUCE KB -11,383 $801,894 0.00%
REDUCE ITUB -144,916 $655,569 0.00%
ADD TAK +9,460 $606,253 0.00%
ADD BCS +2,637 $551,304 0.00%
REDUCE MT -10,229 $492,601 0.00%
NEW ZBRA +1,359 $357,770 0.00%
NEW TOST +10,945 $304,490 0.00%
NEW ORCL +2,076 $304,238 0.00%
ADD ADSK +488 $292,797 0.00%
NEW NVDA +1,445 $289,130 0.00%
NEW QRVO +3,045 $284,007 0.00%
REDUCE MSFT -7 $281,630 0.00%
REDUCE WBS -406,018 $243,703 0.00%
NEW CRM +1,502 $235,303 0.00%
ADD ADBE +84 $224,292 0.00%
NEW GEV +184 $216,174 0.00%
NEW STT +1,231 $208,778 0.00%