13F filing recap · Q1 2025

What did Pzena Investment Management buy in Q1 2025?

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

Stock value

$28.64B

Positions

146

Estimated turnover

12.2%

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.

Quarter in review

Pzena Investment Management opened new positions in PPG Industries, LKQ Corporation, HCA Healthcare, Target, and Genuine Parts, among others. The firm exited AbbVie, Amgen, Dollar Tree, Dropbox, McKesson, Merck, and Ulta Beauty, along with several other holdings. Notable increases included Skyworks Solutions, Corebridge Financial, American Woodmark, and Envista Holdings, while Bank of America, JPMorgan Chase, Genpact, and Wells Fargo were trimmed.

New positions

PPGPpg Industries Inc$105.35Mreported value+963.4K shares LKQLkq Corporation$42.79Mreported value+1.01M shares HCAHCA Healthcare, Inc.$39.44Mreported value+114.2K shares TGTTarget Corporation$36.02Mreported value+345.1K shares GPC

Increased positions

MGAMagna International Inc.$1.39Breported value+1.45M shares+5.4%BAXBaxter International Inc$1.26Breported value+3.13M shares+9.3%DGDollar General Corp$1.12Breported value+1.00M shares+8.5%HUMHumana Inc$1.01Breported value+219.5K shares

Reduced positions

CTSHCognizant Technology Solutions Corporation$1.31Breported value-590.9K shares-3.3%CVSCVS Health Corp$1.20Breported value-1.93M shares-9.8%CHTRCharter Communications, Inc.$1.03Breported value-23.5K shares-0.8%COFCapital One Financial Corp$998.00Mreported value-601.6K shares

Exited positions

EIXEdison International$429.09Mprior reported value-5.37M shares-100.0%MCKMckesson Corporation$38.23Mprior reported value-67.1K shares-100.0%AXSAxis Capital Holdings Limited$19.96Mprior reported value-225.2K shares-100.0%TPRTapestry, Inc.$18.74Mprior reported value-286.8K shares