Richard Pzena's Hancock Classic Value Portfolio Shows Significant Shifts in Q1 2026
Richard Pzena's Hancock Classic Value portfolio, valued at approximately $30.7 billion as of March 31, 2026, saw notable changes in key holdings during the quarter, with significant increases in positions like SWKS and HUM, alongside decreases in others like C and MGA.
As of March 31, 2026, Richard Pzena's Hancock Classic Value portfolio held a total value of approximately $30.7 billion, reflecting significant quarterly activity across its top holdings. The portfolio, managed by Pzena, demonstrated a mix of strategic adjustments, with notable increases and decreases in stake sizes.
Among the top holdings, several stocks saw substantial increases in their position during the quarter:
- SWKS (Skyworks Solutions), part of the Technology sector, experienced a significant 27.57% increase in shares, indicating strong investor confidence in this stock.
- HUM (Humana), in the Healthcare sector, saw a remarkable 34.35% jump in shares, making it one of the most pronounced buying activities in the portfolio.
Conversely, the portfolio also recorded notable decreases in several key positions:
- C (CitiGroup), a Financial Services stock, witnessed a substantial 22.98% reduction in shares, signaling a significant divestment.
- MGA (Magna International), in the Consumer Cyclical sector, saw a 13% decrease in shares, reflecting a notable reduction in exposure.
Other significant changes observed during the quarter include:
- CTSH (Cognizant Technology) increased by 14.94%.
- TSN (Tyson Foods) increased by 12.05%.
- BAX (Baxter International) decreased by 7.88%.
- BMY (Bristol Myers Squibb) decreased by 4.72%.
- CVS (CVS Health) decreased by 11.61%.
- COF (Capital One) decreased by 8.78%.
For a comprehensive view of Richard Pzena's investment approach and full portfolio details, readers can visit his profile on Insiderset: Richard Pzena at Insiderset.