Richard Pzena's Quarterly Portfolio Trends: Key Share Changes Revealed

As of March 31, 2026, Richard Pzena's Hancock Classic Value portfolio, valued at approximately $30.7 billion, showed notable quarterly changes in its top holdings. The portfolio, managed by Pzena, reflected strategic adjustments across various sectors, with some positions seeing significant growth while others experienced reductions.

Among the top holdings, several stocks saw substantial increases in their share count during the quarter. Cognizant Technology Solutions (CTSH) reported a 14.94% increase in shares, while SkyWorks Solutions (SWKS) added shares at a 27.57% growth rate. Humana (HUM) also showed strong investor confidence with a 34.35% jump in shares held.

Conversely, the portfolio shed significant positions in certain sectors. CitiGroup (C) saw a sharp decline of 22.98% in its share count, while Capital One (COF) experienced an 8.78% decrease. Other notable reductions included Magna International (MGA) down 13.0%, Baxter International (BAX) down 7.88%, Bristol Myers Squibb (BMY) down 4.72%, and CVS Health (CVS) down 11.61%.

These changes reflect quarterly adjustments in Pzena's investment strategy, focusing on value opportunities while managing risk. For a complete view of the portfolio, you can visit the investor profile at Richard Pzena's profile on InsiderSet.

For detailed analysis of individual holdings, explore the stock profiles:

• Magna International (MGA)
• Cognizant Technology Solutions (CTSH)
• Tyson Foods (TSN)
• Baxter International (BAX)
• Bristol Myers Squibb (BMY)
• CVS Health (CVS)
• Humana (HUM)
• CitiGroup (C)
• SkyWorks Solutions (SWKS)
• Capital One (COF)

These quarterly movements provide insight into Pzena's value-oriented approach, balancing growth opportunities with established positions. For more information on insider investing strategies, refer to resources on value investing principles.