PZENA INVESTMENT MANAGEMENT LLC Holdings - 4Q25

As of December 31, 2025, PZENA INVESTMENT MANAGEMENT LLC reported 157 positions comprising 157 stocks worth $33.4B. The top 5 holdings represented 22.7% of the portfolio. During the quarter, the fund entered 12 new positions and exited 9. Explore portfolio value and concentration trends, quarterly position counts, and a detailed breakdown of each holding below.