PZENA INVESTMENT MANAGEMENT LLC

other names
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Adviser Profile
As of Date 03/28/2024
Adviser Type - Large advisory firm
- An investment adviser (or subadviser) to an investment company
Number of Employees 156 5.41%
of those in investment advisory functions 51
Registration SEC, Approved, 12/15/1995
AUM* 58,864,978,960 19.41%
of that, discretionary 57,997,092,841 19.39%
Private Fund GAV* 654,987,846 38.95%
Avg Account Size 261,622,129 21.00%
% High Net Worth 13.33% -22.46%
SMA’s Yes
Private Funds 7 1
Contact Info 212 xxxxxxx
Websites

Client Types

- Individuals (other than high net worth individuals)
- High net worth individuals
- Investment companies
- Pooled investment vehicles
- Pension and profit sharing plans
- Charitable organizations
- State or municipal government entities
- Other investment advisers
- Insurance companies
- Sovereign wealth funds and foreign official institutions
- Corporations or other businesses not listed above

Advisory Activities

- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
50B 43B 36B 28B 21B 14B 7B
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count3 GAV$183,702,458
Fund TypeOther Private Fund Count4 GAV$471,285,388

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Top Holdings

Stock Ticker Stock Name $ Position % Position $ Change # Change
Stck Ticker192446102 Stock NameCOGNIZANT TECHNOLOGY SOLUTIO $ Position$1,422,336,636 % Position5.00% $ Change13.00% # Change0.00%
Stck Ticker559222401 Stock NameMAGNA INTL INC $ Position$1,441,583,428 % Position5.00% $ Change22.00% # Change26.00%
Stck Ticker071813109 Stock NameBAXTER INTL INC $ Position$1,205,019,641 % Position4.00% $ Change19.00% # Change5.00%
Stck Ticker14040H105 Stock NameCAPITAL ONE FINL CORP $ Position$1,023,379,994 % Position3.00% $ Change8.00% # Change0.00%
Stck Ticker172967424 Stock NameCITIGROUP INC $ Position$929,159,781 % Position3.00% $ Change-2.00% # Change-1.00%
Stck Ticker16119P108 Stock NameCHARTER COMMUNICATIONS INC N $ Position$963,102,240 % Position3.00% $ Change8.00% # Change0.00%
Stck Ticker126650100 Stock NameCVS HEALTH CORP $ Position$811,510,919 % Position3.00% $ Change8.00% # Change2.00%
Stck Ticker256677105 Stock NameDOLLAR GEN CORP NEW $ Position$852,088,080 % Position3.00% $ Change264.00% # Change469.00%
Stck Ticker281020107 Stock NameEDISON INTL $ Position$800,307,894 % Position3.00% $ Change-12.00% # Change-28.00%
Stck Ticker260557103 Stock NameDOW INC $ Position$1,015,913,902 % Position3.00% $ Change3.00% # Change0.00%

Brochure Summary

Overview

Principal Owners Founded in late 1995, Pzena Investment Management, LLC (“PIM”) is a value-oriented investment management firm with a long-term record of investment excellence and exceptional client service. We believe that we have established a positive, team-oriented culture that enables us to attract and retain very qualified people. Since our founding, we have built a diverse, global client base of respected and sophisticated institutional investors, high net worth individuals, mutual funds, private investment funds, and select third-party distributed mutual funds for which we act as sub-investment adviser. PIM is 100% owned by its employee members and certain other partners, including former employees. Its founder and principal owner is Richard S. Pzena, who is currently PIM’s Co-Chief Investment Officer and Chairman of PIM’s Board of Managers. Types of Advisory Services PIM manages investment portfolios for endowments, foundations, state and municipal government entities, partnerships, corporations,
investment companies, public funds, pension trusts, profit-sharing plans, high net worth individuals, and pooled funds located in the United States and in select foreign jurisdictions. PIM offers advice on equities, including exchange-listed securities, securities traded over-the-counter and foreign issues. PIM also manages a credit portfolio consisting of leveraged loans, high yield bonds, and other debt instruments that opened to clients in 2024. Investment Restrictions Clients may impose guidelines and restrictions on their accounts, however, all client guidelines and/or restrictions are reviewed prior to investing a portfolio to be sure that there are no issues which will prohibit PIM from managing the portfolio according to our investment strategy. Assets Under Management PIM advised assets of approximately $61.1 billion as of December 31, 2023, consisting of approximately $58.9 billion of assets under management and approximately $2.2 billion of other advised assets. 2