Richard Pzena
Portfolio value$34.1B
Positions161
QuarterQ2 2026ended 2026-06-30
Filed08/072026
Q2 2026 versus Q1 2026: 12 bought, 71 added to, 70 reduced, 9 sold. By dollars, the largest buy was Dollar General, $382.7M more at the quarter-end price; the largest sale Nokia Corp, $775.7M less. Net, $364.2M more sold than bought. What every tracked investor did in Q2 2026.
Every move, largest first
| Ticker | Issuer | Move | Shares Q1 2026 → Q2 2026 | Bought / sold | Of the portfolio | Weight now | Price vs model |
|---|---|---|---|---|---|---|---|
| NOK | Nokia Corp | reduced −92% | 63.4M → 5.0M | −$775.7M | −2.28% | 0.2% | — |
| HUM | Humana INC | reduced −20% | 5.5M → 4.4M | −$424.2M | −1.25% | 5.1% | 2% undervalued |
| DG | Dollar Gen Corp | added +48% | 6.9M → 10.2M | +$382.7M | +1.12% | 3.5% | 20% undervalued |
| C | Citigroup INC | reduced −32% | 8.2M → 5.5M | −$367.6M | −1.08% | 2.3% | 8% overvalued |
| ACN | Accenture PLC Ireland | added +114% | 2.4M → 5.1M | +$340.5M | +1.00% | 1.9% | 13% undervalued |
| CTSH | Cognizant Technology Solutio | added +31% | 20.3M → 26.5M | +$242.7M | +0.71% | 3.0% | 33% undervalued |
| WDAY | Workday INC | bought | — → 2.0M | +$241.3M | +0.71% | 0.7% | 339% overvalued |
| LKQ | Lkq Corp | added +143% | 6.2M → 15.1M | +$234.6M | +0.69% | 1.2% | — |
| AVT | Avnet INC | reduced −45% | 5.7M → 3.1M | −$228.4M | −0.67% | 0.8% | — |
| CDW | Cdw Corp | added +137% | 1.1M → 2.6M | +$214.2M | +0.63% | 1.1% | 14% undervalued |
| CVS | Cvs Health Corp | reduced −15% | 13.8M → 11.8M | −$207.3M | −0.61% | 3.6% | 420% overvalued |
| CRBG | Corebridge Finl INC | added +25% | 27.0M → 33.8M | +$193.1M | +0.57% | 2.8% | — |
| DOW | Dow Hldgs INC | reduced −34% | 18.9M → 12.5M | −$176.2M | −0.52% | 1.0% | 67% undervalued |
| UBS | Ubs Group AG | reduced −15% | 26.5M → 22.6M | −$157.8M | −0.46% | 2.7% | — |
| MGA | Magna Intl INC | reduced −6% | 25.3M → 23.9M | −$134.9M | −0.40% | 6.5% | — |
| BEKE | Ke Hldgs INC | bought | — → 8.9M | +$129.0M | +0.38% | 0.4% | — |
| MBC | Masterbrand INC | added +302% | 3.8M → 15.3M | +$118.5M | +0.35% | 0.5% | — |
| MICC | Magnum Ice Cream CO NV | added +88% | 7.0M → 13.2M | +$93.9M | +0.28% | 0.6% | — |
| KNX | Knight-swift Transn Hldgs In | reduced −95% | 1.3M → 59,406 | −$93.5M | −0.27% | 0.0% | — |
| WAB | Wabtec | sold | 367,753 → 0 | −$91.9M | −0.27% | — | — |
| SSNC | Ss&c Tech Hldgs | added +14% | 9.7M → 11.0M | +$83.0M | +0.24% | 2.0% | — |
| DIS | Disney Walt CO | added +879% | 90,219 → 883,495 | +$76.4M | +0.22% | 0.2% | 9% undervalued |
| G | Genpact Limited | added +353% | 732,054 → 3.3M | +$71.2M | +0.21% | 0.3% | — |
| DOX | Amdocs LTD | added +10% | 12.7M → 14.0M | +$65.9M | +0.19% | 2.1% | — |
| AHQ | American Woodmark Corp | sold | 1.6M → 0 | −$65.5M | −0.19% | — | — |
| GL | Globe Life INC | added +32% | 1.0M → 1.4M | +$58.9M | +0.17% | 0.7% | 5% overvalued |
| ST | Sensata Technologies Hldg Pl | reduced −35% | 3.5M → 2.3M | −$58.7M | −0.17% | 0.3% | — |
| JNJ | Johnson & Johnson | sold | 203,965 → 0 | −$49.9M | −0.15% | — | — |
| EQH | Equitable Hldgs INC | added +25% | 4.5M → 5.6M | +$48.2M | +0.14% | 0.7% | — |
| SHEL | Shell PLC | reduced −19% | 3.2M → 2.6M | −$47.7M | −0.14% | 0.6% | — |
| PPG | Ppg Inds INC | added +4% | 7.5M → 7.8M | +$39.9M | +0.12% | 2.8% | 10% undervalued |
| KSPI | Kaspi Kz Jsc | added +15% | 2.7M → 3.1M | +$34.6M | +0.10% | 0.8% | — |
| WBS | Webster Finl Corp | reduced −99% | 409,207 → 3,189 | −$31.0M | −0.09% | 0.0% | — |
| BFH | Bread Financial Holdings INC | reduced −47% | 613,673 → 327,448 | −$31.0M | −0.09% | 0.1% | — |
| BAP | Credicorp LTD | reduced −8% | 912,060 → 836,569 | −$29.4M | −0.09% | 1.0% | — |
| GLOB | Globant S A | added +30% | 3.0M → 3.9M | +$25.8M | +0.08% | 0.3% | — |
| WGO | Winnebago Inds INC | added +72% | 993,294 → 1.7M | +$22.4M | +0.07% | 0.2% | — |
| NOV | Nov INC | reduced −3% | 37.5M → 36.4M | −$21.5M | −0.06% | 2.0% | — |
| MLKN | Millerknoll INC | added +52% | 2.0M → 3.0M | +$21.2M | +0.06% | 0.2% | — |
| ARW | Arrow Electrs INC | reduced −41% | 211,048 → 125,168 | −$18.3M | −0.05% | 0.1% | — |
| MYE | Myers Inds INC | reduced −39% | 1.3M → 781,014 | −$17.8M | −0.05% | 0.1% | — |
| DAL | Delta Air Lines INC | reduced −7% | 2.8M → 2.6M | −$17.7M | −0.05% | 0.7% | 3% undervalued |
| BAX | Baxter Intl INC | added +1% | 64.5M → 65.3M | +$16.4M | +0.05% | 4.1% | 35% overvalued |
| PVH | Pvh Corporation | added +4% | 5.8M → 6.0M | +$16.2M | +0.05% | 1.3% | — |
| LEA | Lear Corp | reduced −2% | 6.8M → 6.6M | −$16.1M | −0.05% | 2.6% | — |
| MET | Metlife INC | reduced −2% | 11.3M → 11.1M | −$14.6M | −0.04% | 2.8% | 112% overvalued |
| WCC | Wesco Intl INC | reduced −37% | 113,581 → 71,494 | −$14.5M | −0.04% | 0.1% | — |
| VOYA | Voya Financial INC | reduced −4% | 3.7M → 3.5M | −$13.0M | −0.04% | 0.9% | — |
| ABM | Abm Inds INC | added +19% | 1.5M → 1.8M | +$12.6M | +0.04% | 0.2% | — |
| TFX | Teleflex Incorporated | reduced −14% | 699,125 → 603,206 | −$12.2M | −0.04% | 0.2% | — |
| NVST | Envista Holdings Corporation | reduced −28% | 1.6M → 1.2M | −$11.8M | −0.03% | 0.1% | — |
| PLOW | Douglas Dynamics INC | reduced −13% | 1.6M → 1.4M | −$11.2M | −0.03% | 0.2% | — |
| OLN | Olin Corp | reduced −12% | 4.4M → 3.9M | −$10.7M | −0.03% | 0.2% | — |
| CNXC | Concentrix Corp | added +16% | 2.9M → 3.4M | +$10.5M | +0.03% | 0.2% | — |
| SCSC | Scansource INC | added +22% | 913,239 → 1.1M | +$10.2M | +0.03% | 0.2% | — |
| TEL | Te Connectivity PLC | reduced −8% | 603,978 → 555,637 | −$9.7M | −0.03% | 0.3% | 36% overvalued |
| REZI | Resideo Technologies INC | added +22% | 1.4M → 1.7M | +$9.6M | +0.03% | 0.2% | — |
| SWKS | Skyworks Solutions INC | reduced −1% | 16.1M → 16.0M | −$9.2M | −0.03% | 3.2% | 9% undervalued |
| UHS | Universal Hlth Svcs INC | added +3% | 1.9M → 2.0M | +$8.5M | +0.02% | 0.9% | 57% undervalued |
| MSM | Msc Indl Direct INC | reduced −16% | 444,610 → 373,664 | −$8.4M | −0.02% | 0.1% | — |
| TSN | Tyson Foods INC | reduced −1% | 17.2M → 17.0M | −$8.0M | −0.02% | 2.9% | 18% overvalued |
| RHI | Robert Half Inc. | added +4% | 6.0M → 6.2M | +$7.8M | +0.02% | 0.6% | — |
| TSM | Taiwan Semiconductor Manufac | reduced −79% | 18,986 → 4,054 | −$7.1M | −0.02% | 0.0% | — |
| SPB | Spectrum Brands Holdings INC | added +4% | 2.3M → 2.4M | +$7.1M | +0.02% | 0.6% | — |
| HUN | Huntsman Corp | reduced −11% | 5.8M → 5.2M | −$7.0M | −0.02% | 0.2% | — |
| KOP | Koppers Holdings INC | reduced −12% | 1.2M → 1.1M | −$6.6M | −0.02% | 0.1% | — |
| BAC | Bank Of Amer Corp | reduced −2% | 6.4M → 6.3M | −$6.4M | −0.02% | 1.1% | 1% overvalued |
| GPN | Global Pmts INC | added +1% | 11.6M → 11.7M | +$5.5M | +0.02% | 2.5% | 81% undervalued |
| AAP | Advance Auto Parts INC | added +2% | 4.3M → 4.4M | +$5.5M | +0.02% | 0.8% | — |
| BMY | Bristol-myers Squibb CO | reduced −1% | 17.1M → 17.0M | −$5.1M | −0.02% | 2.9% | 43% undervalued |
| HAL | Halliburton CO | reduced −3% | 4.1M → 3.9M | −$4.8M | −0.01% | 0.4% | 22% undervalued |
| KFY | Korn Ferry | added +9% | 797,438 → 867,680 | +$4.7M | +0.01% | 0.2% | — |
| MS | Morgan Stanley | reduced −5% | 476,365 → 454,492 | −$4.6M | −0.01% | 0.3% | 28% overvalued |
| CI | The Cigna Group | reduced −3% | 578,448 → 562,036 | −$4.5M | −0.01% | 0.5% | 3% overvalued |
| WFC | Wells Fargo & CO | added +1% | 8.8M → 8.8M | +$4.5M | +0.01% | 2.1% | 6% undervalued |
| MMI | Marcus & Millichap INC | added +6% | 2.0M → 2.1M | +$4.0M | +0.01% | 0.2% | — |
| ONB | Old Natl Bancorp Ind | added +6% | 2.7M → 2.8M | +$3.9M | +0.01% | 0.2% | — |
| XOM | Exxon Mobil Corp | reduced −4% | 617,144 → 589,449 | −$3.8M | −0.01% | 0.2% | 13% overvalued |
| VREX | Varex Imaging Corp | added +9% | 4.0M → 4.3M | +$3.7M | +0.01% | 0.1% | — |
| OSK | Oshkosh Corp | reduced −5% | 438,856 → 415,766 | −$3.5M | −0.01% | 0.2% | — |
| CSCO | Cisco Sys INC | reduced −2% | 1.3M → 1.3M | −$3.2M | −0.01% | 0.4% | 62% overvalued |
| ZTO | Zto Express Cayman INC | reduced −2% | 7.5M → 7.3M | −$3.1M | −0.01% | 0.5% | — |
| COLB | Columbia Bkg Sys INC | added +5% | 2.0M → 2.1M | +$3.1M | +0.01% | 0.2% | — |
| ABEV | Ambev SA | reduced −21% | 4.7M → 3.7M | −$3.1M | −0.01% | 0.0% | — |
| HOFT | Hooker Furnishings Corporati | added +12% | 1.4M → 1.5M | +$2.9M | +0.01% | 0.1% | — |
| FITB | Fifth Third Bancorp | reduced −3% | 1.6M → 1.6M | −$2.9M | −0.01% | 0.3% | 88% overvalued |
| COF | Capital One Finl Corp | added +0% | 4.6M → 4.6M | +$2.8M | +0.01% | 2.7% | 10% overvalued |
| MBUU | Malibu Boats INC | added +6% | 1.7M → 1.8M | +$2.7M | +0.01% | 0.1% | — |
| HVT | Haverty Furniture Cos INC | added +7% | 1.5M → 1.6M | +$2.6M | +0.01% | 0.1% | — |
| DNOW | Dnow INC | reduced −7% | 3.1M → 2.9M | −$2.6M | −0.01% | 0.1% | — |
| AEBI | Aebi Schmidt Hldg AG | added +5% | 4.1M → 4.3M | +$2.6M | +0.01% | 0.2% | — |
| ADNT | Adient PLC | added +4% | 3.6M → 3.8M | +$2.5M | +0.01% | 0.2% | — |
| HELE | Helen Of Troy LTD | reduced −11% | 761,173 → 676,577 | −$2.5M | −0.01% | 0.1% | — |
| HDB | Hdfc Bank LTD | added +6% | 1.5M → 1.6M | +$2.4M | +0.01% | 0.1% | — |
| HSIC | Schein Henry INC | reduced −3% | 887,639 → 860,733 | −$2.2M | −0.01% | 0.2% | 4% overvalued |
| GPC | Genuine Parts CO | added +3% | 574,088 → 591,970 | +$2.1M | +0.01% | 0.2% | 57% overvalued |
| PBR/A | Petroleo Brasileiro S A | reduced −73% | 196,970 → 53,138 | −$2.1M | −0.01% | 0.0% | — |
| ASB | Associated Banc-corp | added +3% | 1.9M → 2.0M | +$2.1M | +0.01% | 0.2% | — |
| USNA | Usana Health Sciences INC | added +9% | 1.1M → 1.2M | +$2.1M | +0.01% | 0.1% | — |
| VALE | Vale S A | reduced −69% | 188,719 → 59,077 | −$1.9M | −0.01% | 0.0% | — |
Bought / sold is the change in shares × the quarter's reported price (value ÷ shares in the filing); a position sold out is priced at the quarter before, since it has no price in this one. “Of the portfolio” is that amount against this quarter's reported book.
Source: the manager's Form 13F-HR on SEC EDGAR, kept as immutable quarterly snapshots; changes compare two consecutive filings. A 13F is filed up to 45 days after quarter end and covers US-listed long positions only. Tickers come from a self-maintained CUSIP map; a position without one shows its CUSIP. Method notes in where the numbers come from.