Richard Pzena - Pzena Investment Management 13F Activity & Position Changes (Q4 2019)

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, 2019. 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 2019, the filing reported:

New Buys - NEXTIER OILFIELD SOLUTIONS I, Dana Incorporated, Expedia Group, Inc., Humana Inc., Lennar Corporation, and 5 more

Increases - AECOM, AMERICAN EQUITY INVT LIFE HL, Avangrid, Inc., American International Group, I, Allstate Corporation (The), and 83 more

Reductions - The AES Corporation, APOLLO ASSET MANAGEMENT INC, Bank of America Corporation, Bristol-Myers Squibb Company, Citigroup, Inc., and 32 more

Complete Exits - iShares MSCI ACWI ETF, ARC Document Solutions, Inc., Foot Locker, Inc., ANNALY CAPITAL MANAGEMENT IN, United Airlines Holdings, Inc., and 3 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 143 transactions.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q4 2019	2676403D NEXTIER OILFIELD SOLUTIONS I	NEXTIER OILFIELD SOLUTIONS I	Buy - Position Entry	+7,886,281	-	$52.84M	7,886,281
Q4 2019	ACM AECOM	AECOM	Buy	+119,613	+4.8%	$113.17M	2,623,898
Q4 2019	ACWI iShares MSCI ACWI ETF	iShares MSCI ACWI ETF	Sell - Position Exit	-91,726	-100.0%	$0.00	-
Q4 2019	AELEUR AMERICAN EQUITY INVT LIFE HL	AMERICAN EQUITY INVT LIFE HL	Buy	+192,317	+13.6%	$48.08M	1,606,352
Q4 2019	AES The AES Corporation	The AES Corporation	Sell	-6,559	-12.6%	$909.00K	45,692
Q4 2019	AGR Avangrid, Inc.	Avangrid, Inc.	Buy	+387,138	+17.7%	$131.92M	2,578,638
Q4 2019	AIG American International Group, I	American International Group, I	Buy	+245,066	+2.3%	$550.08M	10,716,487
Q4 2019	ALL Allstate Corporation (The)	Allstate Corporation (The)	Buy	+71,907	+34.0%	$31.88M	283,530
Q4 2019	AMGN Amgen Inc.	Amgen Inc.	Buy	+100,033	+8.3%	$315.63M	1,309,307
Q4 2019	APOEUR APOLLO ASSET MANAGEMENT INC	APOLLO ASSET MANAGEMENT INC	Sell	-22,971	-9.8%	$10.05M	210,609
Q4 2019	ARC ARC Document Solutions, Inc.	ARC Document Solutions, Inc.	Sell - Position Exit	-1,848,713	-100.0%	$0.00	-
Q4 2019	ARW Arrow Electronics, Inc.	Arrow Electronics, Inc.	Buy	+71,325	+23.4%	$31.87M	376,101
Q4 2019	ASB Associated Banc-Corp	Associated Banc-Corp	Buy	+422,630	+19.2%	$57.72M	2,619,005
Q4 2019	AVT Avnet, Inc.	Avnet, Inc.	Buy	+1,909,859	+27.0%	$381.81M	8,996,453
Q4 2019	AXS Axis Capital	Axis Capital	Buy	+978,726	+22.2%	$319.97M	5,383,049
Q4 2019	BAC Bank of America Corporation	Bank of America Corporation	Sell	-1,170,337	-8.1%	$466.41M	13,242,708
Q4 2019	BIDU Baidu, Inc.	Baidu, Inc.	Buy	+57,804	+7.1%	$110.94M	877,651
Q4 2019	BIIB Biogen Inc.	Biogen Inc.	Buy	+46,477	+1455.6%	$14.74M	49,670
Q4 2019	BKR Baker Hughes Company	Baker Hughes Company	Buy	+719,557	+7.7%	$258.18M	10,073,242
Q4 2019	BMY Bristol-Myers Squibb Company	Bristol-Myers Squibb Company	Sell	-39,851	-1.5%	$162.91M	2,537,875
Q4 2019	BRX Brixmor Property Group Inc.	Brixmor Property Group Inc.	Buy	+9,702	+30.4%	$899.00K	41,607
Q4 2019	C Citigroup, Inc.	Citigroup, Inc.	Sell	-42,763	-0.6%	$605.61M	7,580,561
Q4 2019	CAH Cardinal Health, Inc.	Cardinal Health, Inc.	Buy	+332,713	+9.1%	$202.34M	4,000,397
Q4 2019	CAR Avis Budget Group, Inc.	Avis Budget Group, Inc.	Buy	+1,143,553	+34.8%	$142.77M	4,428,321
Q4 2019	CB Chubb Limited	Chubb Limited	Buy	+90	+1.6%	$866.00K	5,561
Q4 2019	CBRE CBRE Group Inc	CBRE Group Inc	Sell	-2,886	-44.1%	$225.00K	3,665
Q4 2019	CI The Cigna Group	The Cigna Group	Sell	-313	-0.1%	$94.15M	460,428
Q4 2019	CLSCAD CELESTICA INC	CELESTICA INC	Buy	+603,391	+12.8%	$43.88M	5,305,645
Q4 2019	CNO CNO Financial Group, Inc.	CNO Financial Group, Inc.	Buy	+1,724,970	+34.2%	$122.76M	6,770,866
Q4 2019	COF Capital One Financial Corporati	Capital One Financial Corporati	Buy	+39,265	+0.7%	$571.33M	5,551,737