Pzena Investment Management LLC Q3 2022 vs. Q4 2022 13F Holdings Comparison

Pzena Investment Management LLC, a fundamental-focused investment management firm, recently released its Q3 2022 vs. Q4 2022 13F holdings comparison. The report reveals the changes in the assets under management of the firm's portfolios. In this blog post, we will examine the top holdings of Pzena Investment Management and discuss the changes in the holdings between the two quarters.

Pzena Investment Management LLC is a New York-based, employee-owned investment management firm founded in 1995 by Richard S. Pzena. The firm offers a range of investment strategies that include value, growth, and dividend income.

The firm's analysis is disciplined, research-driven, and seeks to provide long-term capital appreciation by investing in undervalued companies.

Top Holdings of Pzena Investment Management LLC

As of Q4 2022, the top ten holdings of Pzena Investment Management LLC were as follows:

1. Newell Brands Inc. (NWL)

2. Lear Corporation (LEA)

3. Cognizant Technology Solutions Corporation (CTSH)

4. Equitable Holdings Inc. (EQH)

5. General Electric Company (GE)

6. Wells Fargo & Company (WFC)

7. Citigroup Inc. (C)

8. American International Group Inc. (AIG)

9. Nov Inc. (NOV)

10. COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION 6% (C6EL)

Between Q3 2022 and Q4 2022, the total value of assets under management by Pzena Investment Management LLC decreased by 5.5%, from $53.5 billion to $50.5 billion.

Changes in Holdings:

1. Newell Brands Inc. (NWL)

NWL was the top holding of Pzena Investment Management LLC in both Q3 and Q4 2022. The firm increased its stake in NWL by 14.5% in Q4 2022, increasing its position from 38,954,635 shares to 47,361,679 shares. The value of the holding increased by 14.5%, from $541,080,000 to $619,490,000.

2. Lear Corporation (LEA)

LEA retained its position as the second-top holding of Pzena Investment Management LLC in Q4 2022. The firm increased its stake in LEA by 3.6%, increasing its position from 6,864,149 shares to 6,865,532 shares. The value of the holding increased by 3.6%, from $821,570,000 to $851,463,000.

3. Cognizant Technology Solutions Corporation (CTSH)

CTSH was the third-top holding of Pzena Investment Management LLC in both Q3 and Q4 2022. The firm increased its stake in CTSH by 21.2%, increasing its position from 14,254,984 shares to 17,357,679 shares. The value of the holding increased by 21.2%, from $818,806,000 to $992,685,000.

4. Equitable Holdings Inc. (EQH)

EQH retained its position as the fourth-top holding of Pzena Investment Management LLC in Q4 2022. The firm decreased its stake in EQH by 7.7%, decreasing its position from 22,868,511 shares to 22,605,769 shares. The value of the holding increased by 7.7%, from $602,585,000 to $648,785,000.

5. General Electric Company (GE)

GE was the fifth-top holding of Pzena Investment Management LLC in both Q3 and Q4 2022. The firm decreased its stake in GE by 4.1%, decreasing its position from 13,761,615 shares to 13,202,922 shares. The value of the holding increased by 29.8%, from $851,982,000 to $1,106,272,000.

Conclusion:

In conclusion, Pzena Investment Management LLC is an investment management firm that is committed to providing long-term capital appreciation by investing in undervalued companies. In the recently released Q3 2022 vs. Q4 2022 13F holdings comparison, the firm's assets under management decreased by 5.5%, from $53.5 billion to $50.5 billion. The top holdings of the firm include Newell Brands Inc., Lear Corporation, and Cognizant Technology Solutions Corporation. We will continue to monitor Pzena Investment Management LLC's holdings and provide updates on any changes.