Richard Pzena's Hancock Classic Value Top Holdings Analysis for Q1 2026
An analysis of the top holdings in Richard Pzena's Hancock Classic Value portfolio as of March 31, 2026, highlighting significant changes in stock allocations.
As of March 31, 2026, Richard Pzena's Hancock Classic Value portfolio, valued at approximately $30.7 billion, holds a diverse set of top companies. The fund's strategy focuses on value investing, evident in its current holdings which span sectors like Healthcare, Technology, and Consumer Staples.
Among the largest positions is MAGNA INTL INC (MGA), a key player in the Consumer Cyclical sector. The fund holds over 25 million shares of this company, representing about 6.39% of the portfolio. The position saw a reduction of 13% in shares compared to the previous period.
COGNIZANT TECHNOLOGY SOLUTIONS (CTSH) is another significant holding, classified under the Technology sector. With around 20 million shares, this stock accounts for 4.04% of the portfolio. The fund has increased its stake by 14.94% recently, signaling confidence in this tech services provider.
TYSON FOODS INC (TSN), a major name in the Consumer Defensive sector, holds a 3.57% allocation with over 17 million shares. The fund has added shares in this food industry leader, increasing its position by 12.05%.
In the Healthcare sector, BAXTER INTL INC (BAX) holds a substantial 3.52% allocation with nearly 65 million shares. However, the fund has reduced its position by 7.88% in the latest period.
Other notable Healthcare holdings include BRISTOL-MYERS SQUIBB CO (BMY) and CVS HEALTH CORP (CVS), both holding around 3.3% and 3.2% of the portfolio respectively. Both have seen slight reductions in their allocations.
Financial Services is well-represented with holdings in CITIGROUP INC (C) and CAPITAL ONE FINL CORP (COF), each accounting for approximately 3% of the portfolio. The fund has reduced its position in Citi but maintained its stake in Capital One.
Technology also features SKYWORKS SOLUTIONS INC (SWKS) at a 2.8% allocation, with the fund increasing its position significantly by 27.57% recently.
These top holdings reflect Mr. Pzena's value-oriented approach, focusing on established companies across various sectors while carefully managing position sizes and responding to market dynamics.