Richard Pzena Portfolio Concentration Analysis: March 2026 Holdings Breakdown

As of March 31, 2026, Richard Pzena's portfolio managed by Hancock Classic Value showed significant concentration in specific sectors, with holdings spanning Healthcare, Technology, and Financial Services. The portfolio's total value stands at approximately $30.7 billion, with the largest allocation concentrated in a select group of stocks.

Magna International (MGA), a global automotive supplier, holds the largest allocation at 6.4% of the portfolio. The position saw a reduction of 13% in shares compared to the previous period, reflecting a strategic adjustment by Pzena. The stock's value in the portfolio is approximately $1.97 billion.

Cognizant Technology Solutions (CTSH), a leading IT services company, represents a 4.0% allocation. Pzena increased his stake in this Technology stock by 14.94%, adding $124.3 million to the position. The stock contributes $1.24 billion to the portfolio's value.

Consumer-focused companies like Tyson Foods (TSN) and several Healthcare names feature prominently. Tyson Foods, with a 3.6% allocation, saw a 12.05% increase in shares. Similarly, Baxter International (BAX) and Bristol Myers Squibb (BMY) in the Healthcare sector maintain significant allocations, while CVS Health (CVS) shows a decrease in both shares and percentage allocation.

Healthcare remains a major theme, with allocations across BAX, BMY, CVS, and Humana (HUM). Notably, Humana experienced a substantial 34.35% increase in shares, positioning it at 3.1% of the portfolio. CitiGroup (C) and SkyWorks Solutions (SWKS) in Technology and Communications Equipment respectively, also feature among the top holdings.

The portfolio demonstrates a clear concentration in large-cap companies across diverse sectors, with Pzena maintaining significant positions in established blue-chip stocks while selectively increasing exposure to growth-oriented companies like SWKS, which saw a 27.57% share increase.

For more insights into Richard Pzena's investment approach, visit Richard Pzena's investor profile. Detailed analysis of individual holdings can be found at MGA, CTSH, TSN, and other stock profiles on Insiderset.