PZENA INVESTMENT MANAGEMENT LLC

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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%

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:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

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

Recent News

Pzena Investment receives all regulatory approvals for going-private deal
10/10/2022

Seeking Alpha

Pzena Investment Management AUM drops 12% on September
10/07/2022

Seeking Alpha

Pzena Investment Management AUM ticks up M/M in August, but down from year ago
09/08/2022

Seeking Alpha

Pzena Investment Management, Green Giant leads financial gainers; AMTD IDEA among major losers
07/27/2022

Seeking Alpha

Pzena Investment Management records ~11% sequential decline in June AUM
07/11/2022

Seeking Alpha

Pzena Investment Management reports uptick in May's AUM
06/07/2022

Seeking Alpha


Private Funds Structure

Fund Type Count GAV
Hedge Fund 3 $183,702,458
Other Private Fund 4 $471,285,388

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Private Funds



Employees




Top Holdings

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559222401 MAGNA INTL INC $1,314,857,093 5.00% 33.00% 41.00%
260557103 DOW INC $1,053,210,732 4.00% 5.00% 0.00%
071813109 BAXTER INTL INC $1,024,944,136 4.00% 11.00% 1.00%
14040H105 CAPITAL ONE FINL CORP $1,070,829,685 4.00% 7.00% -6.00%
192446102 COGNIZANT TECHNOLOGY SOLUTIO $1,207,885,967 4.00% -7.00% -4.00%
172967424 CITIGROUP INC $1,011,525,065 3.00% 19.00% -3.00%
16119P108 CHARTER COMMUNICATIONS INC N $815,448,201 3.00% 47.00% 97.00%
060505104 BANK AMERICA CORP $799,355,458 3.00% 18.00% 5.00%
281020107 EDISON INTL $950,123,304 3.00% 1.00% 2.00%
29452E101 EQUITABLE HLDGS INC $946,600,964 3.00% 9.00% -5.00%

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 proprietary credit portfolio consisting of leveraged loans, high yield bonds, and other debt instruments, which it may offer to prospective investors in the future. 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 $51.4 billion as of December 31, 2022, consisting of approximately $49.3 billion of assets under management and approximately $2.1 billion of other advised assets. 2