Richard Pzena - Pzena Investment Management 13F Activity & Position Changes (Q3 2023)

According to the SEC 13F filed on Nov 09, 2023, the Pzena Investment Management portfolio showed several notable changes in holdings as of quarter-end Sep 30, 2023. 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 Q3 2023, the filing reported:

New Buys - Advance Auto Parts Inc., Arch Capital, Baxter International Inc., Corebridge Financial Inc., Dropbox, Inc., and 8 more

Increases - Adient plc, Avnet, Inc., Axalta Coating Systems Ltd., Acuity Brands, Inc., Alibaba Group Holding Limited, and 42 more

Reductions - Ambev S.A., AMERICAN EQUITY INVT LIFE HL, American International Group, I, Amgen Inc., American Woodmark Corporation, and 73 more

Complete Exits - Biogen Inc., Enerpac Tool Group Corp., GE HealthCare Technologies Inc., Hope Bancorp, Inc., ICON plc, and 7 more

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

Showing 30 of 150 transactions.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q3 2023	AAP Advance Auto Parts Inc.	Advance Auto Parts Inc.	Buy - Position Entry	+1,320,967	-	$73.88M	1,320,967
Q3 2023	ABEV Ambev S.A.	Ambev S.A.	Sell	-373,596	-2.5%	$36.98M	14,332,485
Q3 2023	ACGL Arch Capital	Arch Capital	Buy - Position Entry	+3,122	-	$248.85K	3,122
Q3 2023	ADNT Adient plc	Adient plc	Buy	+309,359	+25.0%	$56.77M	1,546,927
Q3 2023	AELEUR AMERICAN EQUITY INVT LIFE HL	AMERICAN EQUITY INVT LIFE HL	Sell	-357,374	-30.7%	$43.36M	808,395
Q3 2023	AIG American International Group, I	American International Group, I	Sell	-4,834,549	-63.9%	$165.63M	2,733,212
Q3 2023	AMGN Amgen Inc.	Amgen Inc.	Sell	-270,087	-53.4%	$63.23M	235,266
Q3 2023	AMWD American Woodmark Corporation	American Woodmark Corporation	Sell	-17,466	-2.5%	$51.39M	679,732
Q3 2023	ASB Associated Banc-Corp	Associated Banc-Corp	Sell	-2,727	-0.1%	$50.44M	2,947,754
Q3 2023	AVT Avnet, Inc.	Avnet, Inc.	Buy	+42,234	+0.5%	$420.71M	8,730,260
Q3 2023	AXS Axis Capital	Axis Capital	Sell	-2,770,838	-58.9%	$108.96M	1,932,990
Q3 2023	AXTA Axalta Coating Systems Ltd.	Axalta Coating Systems Ltd.	Buy	+73,604	+2.0%	$102.91M	3,825,560
Q3 2023	AYI Acuity Brands, Inc.	Acuity Brands, Inc.	Buy	+6,141	+1.4%	$74.88M	439,677
Q3 2023	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Buy	+102	+0.2%	$3.72M	42,843
Q3 2023	BAC Bank of America Corporation	Bank of America Corporation	Buy	+4,335,882	+28.7%	$532.00M	19,430,142
Q3 2023	BAP Credicorp Ltd.	Credicorp Ltd.	Buy	+117,102	+12.7%	$132.67M	1,036,755
Q3 2023	BAX Baxter International Inc.	Baxter International Inc.	Buy - Position Entry	+5,721,656	-	$215.94M	5,721,656
Q3 2023	BCS Barclays PLC	Barclays PLC	Sell	-2,063	-2.0%	$792.91K	101,786
Q3 2023	BDC Belden Inc	Belden Inc	Sell	-4,262	-0.6%	$66.66M	690,438
Q3 2023	BFH Bread Financial Holdings, Inc.	Bread Financial Holdings, Inc.	Buy	+106,891	+17.8%	$24.23M	708,528
Q3 2023	BIDU Baidu, Inc.	Baidu, Inc.	Buy	+17,510	+7.0%	$35.87M	266,960
Q3 2023	BIIB Biogen Inc.	Biogen Inc.	Sell - Position Exit	-1,618	-100.0%	$0.00	-
Q3 2023	BKNG Booking Holdings Inc. Common St	Booking Holdings Inc. Common St	Sell	-47,580	-41.1%	$210.60M	68,289
Q3 2023	BMY Bristol-Myers Squibb Company	Bristol-Myers Squibb Company	Buy	+596,625	+13.8%	$285.80M	4,924,194
Q3 2023	C Citigroup, Inc.	Citigroup, Inc.	Buy	+486,952	+3.0%	$683.89M	16,627,430
Q3 2023	CAH Cardinal Health, Inc.	Cardinal Health, Inc.	Sell	-167,817	-8.9%	$149.22M	1,718,672
Q3 2023	CBRE CBRE Group Inc	CBRE Group Inc	Sell	-1,383	-0.2%	$49.63M	671,891
Q3 2023	CHTR Charter Communications, Inc.	Charter Communications, Inc.	Buy	+253,324	+21.0%	$641.76M	1,459,148
Q3 2023	CI The Cigna Group	The Cigna Group	Buy	+356	+0.1%	$160.26M	560,199
Q3 2023	CIG Comp En De Mn Cemig	Comp En De Mn Cemig	Sell	-439,200	-25.2%	$3.16M	1,306,496