Richard Pzena - Pzena Investment Management 13F Activity & Position Changes (Q1 2016)

According to the SEC 13F filed on Aug 07, 2026, the Pzena Investment Management portfolio showed several notable changes in holdings as of quarter-end Mar 31, 2016. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q1 2016, the filing reported:

New Buys - AMERICAN EQUITY INVT LIFE HL, Chubb Limited, Halliburton Company, Merck & Company, Inc., Marathon Oil Corporation, and 4 more

Increases - AECOM, Allstate Corporation (The), ARC Document Solutions, Inc., Arrow Electronics, Inc., Associated Banc-Corp, and 58 more

Reductions - Abbott Laboratories, American International Group, I, Assurant, Inc., Axis Capital, Baxter International Inc., and 34 more

Complete Exits - Brady Corporation, Chevron Corporation, iShares MSCI Emerging Index Fun

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Showing 30 of 114 transactions.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q1 2016	ABT Abbott Laboratories	Abbott Laboratories	Sell	-218,959	-4.5%	$194.18M	4,642,170
Q1 2016	ACM AECOM	AECOM	Buy	+623,404	+23.7%	$100.29M	3,257,294
Q1 2016	AELEUR AMERICAN EQUITY INVT LIFE HL	AMERICAN EQUITY INVT LIFE HL	Buy - Position Entry	+590,141	-	$9.91M	590,141
Q1 2016	AIG American International Group, I	American International Group, I	Sell	-970,616	-12.8%	$357.13M	6,607,420
Q1 2016	AIZ Assurant, Inc.	Assurant, Inc.	Sell	-20,914	-20.6%	$6.21M	80,508
Q1 2016	ALL Allstate Corporation (The)	Allstate Corporation (The)	Buy	+32,432	+2.6%	$84.71M	1,257,340
Q1 2016	ARC ARC Document Solutions, Inc.	ARC Document Solutions, Inc.	Buy	+84,173	+2.2%	$17.57M	3,905,326
Q1 2016	ARW Arrow Electronics, Inc.	Arrow Electronics, Inc.	Buy	+50,725	+20.0%	$19.62M	304,670
Q1 2016	ASB Associated Banc-Corp	Associated Banc-Corp	Buy	+347,370	+19.0%	$39.11M	2,180,070
Q1 2016	AVT Avnet, Inc.	Avnet, Inc.	Buy	+156,075	+3.8%	$190.53M	4,300,793
Q1 2016	AXS Axis Capital	Axis Capital	Sell	-333,474	-5.9%	$294.13M	5,303,536
Q1 2016	BAC Bank of America Corporation	Bank of America Corporation	Buy	+1,607,982	+5.6%	$409.34M	30,276,786
Q1 2016	BAX Baxter International Inc.	Baxter International Inc.	Sell	-652,576	-13.8%	$167.79M	4,084,406
Q1 2016	BEN Franklin Resources, Inc.	Franklin Resources, Inc.	Buy	+1,134,749	+12.0%	$413.84M	10,597,669
Q1 2016	BP BP p.l.c.	BP p.l.c.	Sell	-677,262	-7.0%	$271.24M	8,987,246
Q1 2016	BPOP Popular, Inc.	Popular, Inc.	Sell	-25,550	-11.9%	$5.40M	188,830
Q1 2016	BRC Brady Corporation	Brady Corporation	Sell - Position Exit	-1,061,087	-100.0%	$0.00	-
Q1 2016	C Citigroup, Inc.	Citigroup, Inc.	Buy	+786,744	+8.7%	$411.80M	9,863,370
Q1 2016	CB Chubb Limited	Chubb Limited	Buy - Position Entry	+141,813	-	$16.90M	141,813
Q1 2016	CFG Citizens Financial Group, Inc.	Citizens Financial Group, Inc.	Buy	+16,625	+0.8%	$43.81M	2,091,046
Q1 2016	CMA Comerica Incorporated	Comerica Incorporated	Buy	+489,174	+27.9%	$85.00M	2,244,512
Q1 2016	CMCO Columbus McKinnon Corporation	Columbus McKinnon Corporation	Buy	+11,079	+0.7%	$24.13M	1,530,895
Q1 2016	COP ConocoPhillips	ConocoPhillips	Buy	+1,675,955	+632.4%	$78.16M	1,940,954
Q1 2016	CSCO Cisco Systems, Inc.	Cisco Systems, Inc.	Sell	-280,758	-9.2%	$78.50M	2,757,432
Q1 2016	CTSH Cognizant Technology Solutions	Cognizant Technology Solutions	Buy	+47,689	+12.9%	$26.25M	418,612
Q1 2016	CVE Cenovus Energy Inc	Cenovus Energy Inc	Buy	+9,293,002	+226.8%	$174.08M	13,390,425
Q1 2016	CVS CVS Health Corporation	CVS Health Corporation	Buy	+1,270	+0.2%	$54.84M	528,659
Q1 2016	CVX Chevron Corporation	Chevron Corporation	Sell - Position Exit	-7,862	-100.0%	$0.00	-
Q1 2016	DAN Dana Incorporated	Dana Incorporated	Buy	+672,187	+14.5%	$74.72M	5,303,153
Q1 2016	DIOD Diodes Incorporated	Diodes Incorporated	Buy	+16,608	+1.0%	$33.05M	1,644,271