Richard Pzena - Pzena Investment Management 13F Activity & Position Changes (Q4 2018)

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 Dec 31, 2018. 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 Q4 2018, the filing reported:

New Buys - Broadcom Inc., Brighthouse Financial, Inc., Chubb Limited, C.H. Robinson Worldwide, Inc., The Cigna Group, and 15 more

Increases - AECOM, AMERICAN EQUITY INVT LIFE HL, Avangrid, Inc., American International Group, I, Franklin Resources, Inc., and 48 more

Reductions - Allstate Corporation (The), Amgen Inc., ARC Document Solutions, Inc., Associated Banc-Corp, Avnet, Inc., and 51 more

Complete Exits - Akbank Turk Anonim Sirketi, AutoZone, Inc., Bangkok Bank Public Co Ltd., Citizens Financial Group, Inc., Charles River Laboratories Inte, and 8 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 142 transactions.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q4 2018	ACM AECOM	AECOM	Buy	+815,398	+33.6%	$85.86M	3,240,077
Q4 2018	AELEUR AMERICAN EQUITY INVT LIFE HL	AMERICAN EQUITY INVT LIFE HL	Buy	+1,005	+0.1%	$34.13M	1,221,599
Q4 2018	AGR Avangrid, Inc.	Avangrid, Inc.	Buy	+372,696	+21.1%	$107.28M	2,141,782
Q4 2018	AIG American International Group, I	American International Group, I	Buy	+3,181,354	+35.8%	$475.67M	12,069,892
Q4 2018	AKBTY Akbank Turk Anonim Sirketi	Akbank Turk Anonim Sirketi	Sell - Position Exit	-727,200	-100.0%	$0.00	-
Q4 2018	ALL Allstate Corporation (The)	Allstate Corporation (The)	Sell	-58,281	-9.3%	$47.19M	571,110
Q4 2018	AMGN Amgen Inc.	Amgen Inc.	Sell	-364,082	-23.2%	$235.06M	1,207,468
Q4 2018	ARC ARC Document Solutions, Inc.	ARC Document Solutions, Inc.	Sell	-38,977	-1.9%	$4.07M	1,987,348
Q4 2018	ASB Associated Banc-Corp	Associated Banc-Corp	Sell	-8,947	-0.4%	$43.44M	2,194,823
Q4 2018	AVGO Broadcom Inc.	Broadcom Inc.	Buy - Position Entry	+792	-	$201.00K	792
Q4 2018	AVT Avnet, Inc.	Avnet, Inc.	Sell	-243,498	-3.0%	$284.21M	7,872,809
Q4 2018	AXS Axis Capital	Axis Capital	Sell	-35,396	-0.5%	$351.99M	6,816,149
Q4 2018	AZO AutoZone, Inc.	AutoZone, Inc.	Sell - Position Exit	-479	-100.0%	$0.00	-
Q4 2018	BAC Bank of America Corporation	Bank of America Corporation	Sell	-231,653	-1.4%	$392.61M	15,933,897
Q4 2018	BEN Franklin Resources, Inc.	Franklin Resources, Inc.	Buy	+434,347	+4.8%	$278.70M	9,396,639
Q4 2018	BHF Brighthouse Financial, Inc.	Brighthouse Financial, Inc.	Buy - Position Entry	+13,544	-	$413.00K	13,544
Q4 2018	BIDU Baidu, Inc.	Baidu, Inc.	Buy	+38,419	+9.8%	$68.08M	429,238
Q4 2018	BIIB Biogen Inc.	Biogen Inc.	Buy	+242	+13.0%	$634.00K	2,106
Q4 2018	BKKLY Bangkok Bank Public Co Ltd.	Bangkok Bank Public Co Ltd.	Sell - Position Exit	-51,748	-100.0%	$0.00	-
Q4 2018	BP BP p.l.c.	BP p.l.c.	Sell	-1,729,404	-33.2%	$132.05M	3,482,311
Q4 2018	C Citigroup, Inc.	Citigroup, Inc.	Buy	+514,132	+6.7%	$426.10M	8,184,838
Q4 2018	CAH Cardinal Health, Inc.	Cardinal Health, Inc.	Buy	+470,941	+18.1%	$136.78M	3,066,903
Q4 2018	CAR Avis Budget Group, Inc.	Avis Budget Group, Inc.	Buy	+389,731	+15.1%	$66.72M	2,967,757
Q4 2018	CB Chubb Limited	Chubb Limited	Buy - Position Entry	+1,413	-	$183.00K	1,413
Q4 2018	CFG Citizens Financial Group, Inc.	Citizens Financial Group, Inc.	Sell - Position Exit	-25,992	-100.0%	$0.00	-
Q4 2018	CHRW C.H. Robinson Worldwide, Inc.	C.H. Robinson Worldwide, Inc.	Buy - Position Entry	+5,119	-	$430.00K	5,119
Q4 2018	CI The Cigna Group	The Cigna Group	Buy - Position Entry	+733,368	-	$139.28M	733,368
Q4 2018	CICHY China Construction Bank Corp.	China Construction Bank Corp.	Buy	+3,088	+4.6%	$1.13M	69,588
Q4 2018	CLSCAD CELESTICA INC	CELESTICA INC	Sell	-1,467,100	-34.5%	$24.45M	2,788,192
Q4 2018	CMA Comerica Incorporated	Comerica Incorporated	Buy	+98	+0.1%	$8.32M	121,153