13F filing recap · Q2 2025

What did Pzena Investment Management buy in Q2 2025?

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

Stock value

$30.75B

Positions

152

Estimated turnover

9.9%

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 WNS (Holdings), Oshkosh Corporation, Arcos Dorados Holdings, and Teleflex, among others, while exiting Cencora, Discover Financial Services, eBay, Gilead Sciences, Jeld-Wen Holding, and Phibro Animal Health. The firm substantially increased its stake in Skyworks Solutions and dramatically added to Corebridge Financial, LKQ Corporation, and Halliburton. It also trimmed Nokia, Equitable Holdings, Cisco Systems, and CBRE Group.

New positions

WNSWns (holdings) Limited$105.13Mreported value+1.66M shares OSKOshkosh Corporation$59.71Mreported value+525.9K shares ARCOArcos Dorados Holdings Inc.$51.55Mreported value+6.53M shares TFXTeleflex Incorporated$42.15Mreported value+356.1K shares

Increased positions

MGAMagna International Inc.$1.55Breported value+1.05M shares+3.7%CTSHCognizant Technology Solutions Corporation$1.36Breported value+375.6K shares+2.2%BAXBaxter International Inc$1.19Breported value+2.56M shares+7.0%CCitigroup Inc$1.16Breported value+242.6K shares

Reduced positions

DGDollar General Corp$1.36Breported value-921.6K shares-7.2%CVSCVS Health Corp$1.16Breported value-935.5K shares-5.3%COFCapital One Financial Corp$1.15Breported value-144.6K shares-2.6%CHTRCharter Communications, Inc.$1.08Breported value-133.4K shares

Exited positions

JELDJeld-Wen Holding, Inc.$61.56Mprior reported value-10.31M shares-100.0%PAHCPhibro Animal Health Corporation$15.46Mprior reported value-723.8K shares-100.0%GILDGilead Sciences, Inc.$298.3Kprior reported value-2.7K shares-100.0%CORCencora, Inc.$272.5Kprior reported value-980 shares