whalepapers
Overview/ Pzena Investment Management LLC/ Q4 2014

Pzena Investment Management LLC

Richard Pzena · As of Q4 2014 · filed Feb 6, 2015

Q4 2014

Holdings

141 positions · Δ vs prior quarter
HEWLETT-PACKARD CO
$731.4M
3.9%
18,226,607 −2,609,505 −12.5% Reduced
BAC BANK OF AMERICA CORP
$558.6M
3.0%
31,223,345 −427,058 −1.3% Reduced
ORCL ORACLE CORP
$550.8M
2.9%
12,248,441 +48,508 +0.4% Added
C CITIGROUP INC
$536.0M
2.9%
9,906,230 −246,299 −2.4% Reduced
CIGNA CORP
$530.9M
2.8%
5,158,791 −425,972 −7.6% Reduced
AIG AMERICAN INTERNATIONAL GROUP
$527.4M
2.8%
9,416,582 −320,714 −3.3% Reduced
RDS/A SHELL PLC-SPON ADR-A
$485.6M
2.6%
7,252,999 +288,218 +4.1% Added
OMC OMNICOM GROUP
$472.9M
2.5%
6,104,146 −230,364 −3.6% Reduced
PH PARKER HANNIFIN CORP
$466.1M
2.5%
3,614,628 −176,035 −4.6% Reduced
BP BP PLC-SPONS ADR
$464.0M
2.5%
12,170,845 +827,839 +7.3% Added
STAPLES INC
$461.2M
2.5%
25,452,479 −7,856,346 −23.6% Reduced
INTC INTEL CORP
$453.3M
2.4%
12,489,655 −525,213 −4.0% Reduced
MS MORGAN STANLEY
$448.9M
2.4%
11,568,574 −982,142 −7.8% Reduced
NWSA NEWS CORP - CLASS A
$415.8M
2.2%
26,499,842 +2,100,200 +8.6% Added
STT STATE STREET CORP
$396.0M
2.1%
5,044,580 −753,826 −13.0% Reduced
EXMOC EXXON MOBIL CORP
$395.2M
2.1%
4,274,944 −31,607 −0.7% Reduced
MSFT MICROSOFT CORP
$392.6M
2.1%
8,451,927 −1,679,975 −16.6% Reduced
JPM JPMORGAN CHASE & CO
$370.2M
2.0%
5,915,463 −431,066 −6.8% Reduced
AXS AXIS CAPITAL HOLDINGS LTD
$361.7M
1.9%
7,078,975 +733,126 +11.6% Added
VOYA VOYA FINANCIAL INC
$354.7M
1.9%
8,369,969 −589,845 −6.6% Reduced
GS GOLDMAN SACHS GROUP INC
$343.7M
1.8%
1,773,174 −130,024 −6.8% Reduced
MET METLIFE INC
$327.6M
1.8%
6,055,902 −122,063 −2.0% Reduced
IPG INTERPUBLIC GROUP OF COS INC
$308.9M
1.7%
14,870,805 +23,812 +0.2% Added
ABT ABBOTT LABORATORIES
$308.9M
1.7%
6,860,439 −427,084 −5.9% Reduced
TRW AUTOMOTIVE HOLDINGS CORP
$301.6M
1.6%
2,932,176 −429,455 −12.8% Reduced
BAX BAXTER INTERNATIONAL INC
$289.1M
1.5%
3,944,140 +3,944,140 New
BAKER HUGHES INC
$289.1M
1.5%
5,155,311 +213,241 +4.3% Added
PNC PNC FINANCIAL SERVICES GROUP
$269.4M
1.4%
2,953,199 −152,875 −4.9% Reduced
UBS UBS GROUP AG-REG
$268.0M
1.4%
15,718,432 +15,718,432 New
GLW CORNING INC
$260.4M
1.4%
11,357,075 +916,202 +8.8% Added
MAS MASCO CORP
$255.0M
1.4%
10,120,875 −904,524 −8.2% Reduced
AVT AVNET INC
$249.9M
1.3%
5,808,009 +509,009 +9.6% Added
MUR MURPHY OIL CORP
$241.9M
1.3%
4,787,751 +703,620 +17.2% Added
F FORD MOTOR CO
$233.3M
1.2%
15,053,523 +15,053,523 New
WILLIS GROUP HOLDINGS LTD
$213.2M
1.1%
4,757,456 +11,836 +0.2% Added
SWK STANLEY BLACK & DECKER INC
$212.3M
1.1%
2,209,389 +2,209,389 New
***XL GROUP PLC
$211.9M
1.1%
6,166,478 +3,384,928 +121.7% Added
LAMR LAMAR ADVERTISING CO-A
$183.2M
1.0%
3,415,838 +3,415,838 New
ON ON SEMICONDUCTOR
$174.6M
0.9%
17,240,221 +4,829,325 +38.9% Added
BEN FRANKLIN TEMPLETON INC
$169.3M
0.9%
3,057,445 +399,841 +15.0% Added
CMA COMERICA INC
$166.4M
0.9%
3,552,661 −77,607 −2.1% Reduced
WFC WELLS FARGO & CO
$137.5M
0.7%
2,507,783 −621,075 −19.8% Reduced
JNJ JOHNSON & JOHNSON
$123.8M
0.7%
1,183,966 −450 −0.0% Reduced
PGR PROGRESSIVE CORP
$122.3M
0.7%
4,532,718 +34,475 +0.8% Added
RF REGIONS FINANCIAL CORP
$120.5M
0.6%
11,406,580 +4,399,960 +62.8% Added
ETR ENTERGY CORP
$117.8M
0.6%
1,346,826 −53,775 −3.8% Reduced
WMT WALMART INC
$117.0M
0.6%
1,362,063 −575 −0.0% Reduced
KEL KELLANOVA
$104.2M
0.6%
1,592,353 +15,850 +1.0% Added
TEX TEREX CORP
$102.6M
0.5%
3,678,906 +294,380 +8.7% Added
TEL1USD TE CONNECTIVITY LTD
$102.5M
0.5%
1,620,040 −118,189 −6.8% Reduced
SUPERIOR ENERGY SERVICES INC
$90.6M
0.5%
4,497,396 +1,283,186 +39.9% Added
LABORATORY CORP OF AMERICA HOLDINGS
$89.6M
0.5%
830,648 −727,648 −46.7% Reduced
NWS NEWS CORP - CLASS B
$85.9M
0.5%
5,697,438 −401,144 −6.6% Reduced
CSCO CISCO SYSTEMS INC
$83.6M
0.4%
3,003,808 +334,724 +12.5% Added
AETNA INC
$78.4M
0.4%
882,256 +17,900 +2.1% Added
KEY KEYCORP
$75.7M
0.4%
5,445,875 +72,375 +1.3% Added
DAN DANA INC
$74.2M
0.4%
3,411,341 +1,006,750 +41.9% Added
HIG HARTFORD INSURANCE GROUP INC
$72.5M
0.4%
1,739,251 −525 −0.0% Reduced
PFE PFIZER INC
$67.6M
0.4%
2,170,568 +2,170,568 New
OC OWENS CORNING
$65.7M
0.4%
1,835,756 +770 +0.0% Added
IVZ INVESCO LTD
$65.2M
0.3%
1,648,866 +34,045 +2.1% Added
PARTNERRE LTD
$63.5M
0.3%
556,563 −965,499 −63.4% Reduced
WCGEUR WELLCARE HEALTH PLANS INC
$63.1M
0.3%
769,004 −186,446 −19.5% Reduced
ACM AECOM
$62.4M
0.3%
2,055,826 +1,290,801 +168.7% Added
CFG CITIZENS FINANCIAL GROUP
$62.1M
0.3%
2,500,000 Held
FITB FIFTH THIRD BANCORP
$60.5M
0.3%
2,968,250 +43,975 +1.5% Added
DOORUSD MASONITE INTERNATIONAL CORP
$58.9M
0.3%
959,033 −67,950 −6.6% Reduced
BDX BECTON DICKINSON AND CO
$56.0M
0.3%
402,735 −2,328,673 −85.3% Reduced
FLEX FLEX LTD
$55.6M
0.3%
4,977,532 +411,407 +9.0% Added
SYU1 SYNOVUS FINANCIAL CORP
$53.6M
0.3%
1,977,103 +175,034 +9.7% Added
TECD1USD TECH DATA CORP
$50.4M
0.3%
797,058 +3,075 +0.4% Added
WED WEBSTER FINANCIAL CORP
$46.3M
0.2%
1,422,907 −52,775 −3.6% Reduced
BRC BRADY CORPORATION - CL A
$44.4M
0.2%
1,622,484 −147,865 −8.4% Reduced
KSS KOHLS CORP
$41.8M
0.2%
684,550 −853,200 −55.5% Reduced
ENDURANCE SPECIALTY HOLDINGS
$40.7M
0.2%
680,150 +143,926 +26.8% Added
KBR KBR INC
$39.8M
0.2%
2,350,825 +614,225 +35.4% Added
GENERAL CABLE CORP DEL NE
$39.7M
0.2%
2,662,468 +1,921,149 +259.2% Added
9990302D APACHE CORP
$39.6M
0.2%
631,133 −500 −0.1% Reduced
ARW ARROW ELECTRONICS INC
$39.5M
0.2%
681,555 Held
ATUEUR ACTUANT CORP-A
$39.4M
0.2%
1,446,212 −38,400 −2.6% Reduced
PRI PRIMERICA INC
$38.9M
0.2%
717,390 −302,902 −29.7% Reduced
TTEK TETRA TECH INC
$38.9M
0.2%
1,455,167 −130,373 −8.2% Reduced
UNITED STATIONERS INC
$36.6M
0.2%
866,972 −77,050 −8.2% Reduced
ASB ASSOCIATED BANC-CORP
$36.5M
0.2%
1,961,723 −148,200 −7.0% Reduced
HOSPITALITY PROPERTIES TRUST
$36.4M
0.2%
1,174,495 −815,036 −41.0% Reduced
CON-WAY INC
$34.4M
0.2%
699,082 −24,675 −3.4% Reduced
UPBD UPBOUND GROUP INC
$33.5M
0.2%
921,503 −410,180 −30.8% Reduced
DIOD DIODES INC
$32.9M
0.2%
1,192,336 −85,375 −6.7% Reduced
NSIT INSIGHT ENTERPRISES INC
$31.8M
0.2%
1,228,843 +72,516 +6.3% Added
CMCO COLUMBUS MCKINNON CORP/NY
$31.5M
0.2%
1,124,311 −153,225 −12.0% Reduced
ACH ACCENDRA HEALTH INC
$31.4M
0.2%
893,816 +368,678 +70.2% Added
LMEUR LEGG MASON INC
$30.6M
0.2%
572,607 −721,493 −55.8% Reduced
FMBIUSD FIRST MIDWEST BANCORP INC/IL
$30.5M
0.2%
1,783,841 −136,850 −7.1% Reduced
VALIDUS HOLDINGS LTD
$30.3M
0.2%
729,413 +1,237 +0.2% Added
ROCK GIBRALTAR INDUSTRIES INC
$30.2M
0.2%
1,857,795 +182,164 +10.9% Added
SRI STONERIDGE INC
$29.8M
0.2%
2,313,934 −100,550 −4.2% Reduced
NATIONAL PENN BANCSHARES INC
$29.4M
0.2%
2,789,079 −181,700 −6.1% Reduced
GNW GENWORTH FINANCIAL INC
$28.7M
0.2%
3,379,775 +3,525 +0.1% Added
TCF FINANCIAL CORP
$28.2M
0.2%
1,771,757 −78,600 −4.2% Reduced
L-3 COMMUNICATIONS
$27.5M
0.1%
217,523 −140 −0.1% Reduced
BBCN BANCORP INC
$26.9M
0.1%
1,871,819 −17,547 −0.9% Reduced
AELUSD AMERICAN EQUITY INVT LIFE HL
$25.9M
0.1%
888,485 −314,638 −26.2% Reduced
GFF GRIFFON CORP
$25.4M
0.1%
1,912,533 −86,050 −4.3% Reduced
MATW MATTHEWS INTL CORP-CLASS A
$25.4M
0.1%
522,438 −38,175 −6.8% Reduced
TRS TRIMAS CORP
$25.4M
0.1%
812,107 +401,905 +98.0% Added
AGIIGBP ARGO GROUP INTERNATIONAL
$25.2M
0.1%
453,861 −45,500 −9.1% Reduced
AIZ ASSURANT INC
$23.8M
0.1%
347,892 −467,827 −57.4% Reduced
PHH CORP
$22.8M
0.1%
953,648 −51,250 −5.1% Reduced
JBL JABIL INC
$20.0M
0.1%
918,146 +103,283 +12.7% Added
MWA MUELLER WATER PRODUCTS INC-A
$20.0M
0.1%
1,955,158 −125,100 −6.0% Reduced
SYMETRA FINANCIAL CORP
$20.0M
0.1%
868,260 −480,965 −35.6% Reduced
TPC TUTOR PERINI CORP
$18.5M
0.1%
768,299 −42,300 −5.2% Reduced
ASPEN INSURANCE HOLDINGS LTD
$17.9M
0.1%
408,386 −11,475 −2.7% Reduced
ROWAN COMPANIES PLC - A
$17.0M
0.1%
730,525 +101,700 +16.2% Added
SCHN1EUR SCHNITZER STEEL INDS INC-A
$17.0M
0.1%
755,117 −48,525 −6.0% Reduced
CUBUSD CUBIC CORP
$16.5M
0.1%
312,615 +312,615 New
PG PROCTER & GAMBLE CO
$15.9M
0.1%
174,629 −150 −0.1% Reduced
MLKN MILLERKNOLL INC
$15.5M
0.1%
525,608 −540,720 −50.7% Reduced
ASHLAND INC
$14.3M
0.1%
119,075 +10,700 +9.9% Added
RRX REGAL REXNORD CORP
$13.9M
0.1%
185,400 +17,700 +10.6% Added
EPR EPR PROPERTIES
$13.8M
0.1%
239,975 +26,575 +12.5% Added
MONSTER WORLDWIDE INC
$13.8M
0.1%
2,980,853 −214,050 −6.7% Reduced
ALL ALLSTATE CORP
$13.3M
0.1%
189,640 Held
WSFS WSFS FINANCIAL CORP
$13.1M
0.1%
170,643 −13,950 −7.6% Reduced
DRH DIAMONDROCK HOSPITALITY CO
$12.6M
0.1%
844,178 −1,151,923 −57.7% Reduced
EXC EXELON CORP
$12.5M
0.1%
336,366 Held
EG EVEREST GROUP LTD
$12.2M
0.1%
71,600 Held
TMK TORCHMARK CORP
$10.3M
0.1%
190,597 Held
INGRAM MICRO INC CL-A
$9.2M
0.0%
331,700 Held
ARC DOCUMENT SOLUTIONS INC
$8.9M
0.0%
874,849 −2,186,499 −71.4% Reduced
INTERNATIONAL GAME TECHNOLOGY
$8.7M
0.0%
506,350 Held
TSM TAIWAN SEMICONDUCTOR-SP ADR
$8.6M
0.0%
386,375 Held
ACE LTD
$5.0M
0.0%
43,684 −2,000 −4.4% Reduced
BPOP POPULAR INC
$3.8M
0.0%
110,730 Held
ADVANCED SEMICONDUCTOR E-ADR
$3.4M
0.0%
553,800 Held
SHG SHINHAN FINANCIAL GROUP-ADR
$2.8M
0.0%
69,800 +2,200 +3.3% Added
STEEL EXCEL INC
$1.7M
0.0%
67,212 −1,450 −2.1% Reduced
MUSA MURPHY USA INC
$1.5M
0.0%
22,011 −279,876 −92.7% Reduced
PBR PETROLEO BRASILEIRO-SPON ADR
$556K
0.0%
76,100 −1,000 −1.3% Reduced
PJCEUR PIPER SANDLER COS
$272K
0.0%
4,688 −265,966 −98.3% Reduced
USNZY USINAS SIDERURG MINAS-SP ADR
$26K
0.0%
13,782 Held

Sold positions

10 closed in Q4 2014 · shares & value as of prior filing
Holding Shares sold Prior value
UBS AG
15,133,540 $262.9M
GM GENERAL MOTORS CO
7,502,229 $239.6M
LAMAR ADVERTISING CO -A
3,513,960 $173.1M
URS CORP
1,058,876 $61.0M
GD GENERAL DYNAMICS CORP
222,875 $28.3M
LLY ELI LILLY & CO
430,175 $27.9M
DGX QUEST DIAGNOSTICS INC
429,700 $26.1M
FE FIRSTENERGY CORP
522,529 $17.5M
RNR RENAISSANCERE HOLDINGS LTD
139,894 $14.0M
WDC WESTERN DIGITAL CORP
105,750 $10.3M

Holdings reflect long positions disclosed in 13F filings only and exclude short positions, cash, and other non-13F assets. Holdings data sourced from SEC EDGAR. Not investment advice. Full disclaimer.