13F filing recap · Q1 2016

What did Pzena Investment Management buy in Q1 2016?

Reported stock-position changes between this filing and the previous one.

Stock value

$16.29B

Positions

152

Estimated turnover

18.0%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

New positions

WTWWillis Towers Watson PlcMIXED CORP ACTION$148.44Mreported value+1.25M shares HALHalliburton Company$126.25Mreported value+3.53M shares MRKMerck & Co., Inc.$48.75Mreported value+921.4K shares MROMarathon Oil Corp$25.19Mreported value+2.26M shares AXEAnixter International Inc.$17.80Mreported value+341.7K shares SCSCScansource, Inc.$17.68Mreported value+437.8K shares FTITechnipfmc Plc$17.45Mreported value+637.7K shares CBChubb Limited$16.90Mreported value+141.8K shares AELAmerican Equity Investment Life Holding Company$9.91Mreported value+590.1K shares APOApollo Global Management, Inc.$3.86Mreported value+225.3K shares PKXPosco Holdings Inc.$819.0Kreported value+17.3K shares NLYAnnaly Capital Management, Inc.$127.0Kreported value+12.4K shares

Increased positions

RDS-AShell Plc$485.45Mreported value+50.2K shares+0.5%PHParker-Hannifin Corporation$436.26Mreported value+87.7K shares+2.3%BENFranklin Resources, Inc.$413.84Mreported value+1.13M shares+12.0%CCitigroup Inc$411.80Mreported value+786.7K shares

Reduced positions

ORCLOracle Corporation$425.96Mreported value-335.9K shares-3.1%XOMExxon Mobil Corp.$416.33Mreported value-1.09M shares-18.0%WMTWalmart Inc.$391.40Mreported value-431.0K shares-7.0%OMCOmnicom Group Inc.$387.87Mreported value-940.5K shares

Exited positions

WTWWillis Towers Watson PlcMIXED CORP ACTION$266.84Mprior reported value-5.49M shares-100.0%BRCBrady Corp$24.38Mprior reported value-1.06M shares-100.0%SFGStancorp Financial Group Inc$19.75Mprior reported value-173.5K shares-100.0%ACEAce Limited$16.24M