Richard Pzena Portfolio March 2026 - Top Holdings & 13F Analysis

About Richard Pzena and PZENA INVESTMENT MANAGEMENT LLC

Richard Pzena is the portfolio manager at PZENA INVESTMENT MANAGEMENT LLC, one of the closely tracked institutional investors in our database. Every quarter, institutional investment managers with over $100 million in assets under management are required to file a 13F report with the SEC, disclosing their long equity positions. These filings give retail investors a rare window into how professional money managers are allocating capital.

As of March 2026, Richard Pzena's 13F portfolio contains 20 positions with a disclosed market value of approximately $33.40 billion. This analysis covers their top holdings, recent portfolio changes, and key investment themes.

Over the past year, Richard Pzena's portfolio has delivered a +8.5% return, outperforming the broader market.

Richard Pzena's Top 10 Holdings — March 2026

The following table shows Richard Pzena's largest disclosed stock positions ranked by portfolio weight as reported in the most recent 13F filing. These represent the highest-conviction bets in the portfolio:

Data sourced from SEC 13F filings. Holdings reflect disclosed long equity positions. Options and short positions may not be reflected.

Portfolio Strategy & Concentration Analysis

Richard Pzena's investment approach reflects a highly concentrated portfolio strategy. The top position, MAGNA INTL INC (MGA), represents 637.7% of the total portfolio, while the top 5 holdings collectively account for 2271.7% of disclosed assets.

The portfolio saw no new positions this period, suggesting Richard Pzena is maintaining existing conviction levels and managing existing holdings rather than initiating new bets.

Additionally, Richard Pzena increased stakes in 13 existing positions, a sign of growing conviction in those holdings.

Best Performing Holdings in Richard Pzena's Portfolio

Based on available performance data, the following positions have been the strongest contributors to Richard Pzena's portfolio returns:

Understanding Richard Pzena's 13F Filing

Despite these limitations, 13F filings remain one of the best public sources of information on how professional investors are positioning their portfolios. Use this data as one input among many, alongside your own research and risk tolerance.

How Retail Investors Can Use This Information

Following institutional 13F filings like Richard Pzena's can provide valuable investment insights — but it's important to use this information correctly:

• Identify high-conviction ideas: Large positions and new entries signal where managers have the strongest conviction.
• Spot emerging themes: Cross-portfolio analysis reveals sector rotations and macro themes playing out across institutional money.
• Validate your own research: If an investor you respect owns a stock you're analyzing, that can reinforce your thesis.
• Track changes over time: Watching a manager increase or decrease positions over multiple quarters shows conviction trends.
• Don't blindly copy trades: Remember that institutional investors have different time horizons, risk tolerances, and information than retail investors.

You can track Richard Pzena's complete portfolio in real-time on Insider Edges, including historical holdings, sector breakdown, and performance data.

Other Top Investors to Follow

If you track Richard Pzena's portfolio, you may also be interested in following these other closely watched institutional investors: