Richard Pzena Buys Amgen Inc., Black & Decker Corp., Regis Corp., Sells Abbott Laboratories, Seagate Technology, Sherwin-williams Co.

Richard Pzena has achieved more than 16% a year since 1996, beating S&P's 9.3% by wide margains. That is why Joel Greenblatt asks Pzena to manage his money. When Richard Pzena sees a price drop with a company, he tries to answer whether the issue that caused the drop in price is temporary or permanent. These are his recent buys and sells.


Richard Pzena buys Amgen Inc., Black & Decker Corp., Regis Corp., Cabot Microelectronics Corp., Griffon Corp., Kookmin Bank, Northrop Grumman Corp., Petroleo Brasileiro, Employers Holdings I, At&t Corp., Unionbancal Corp., Con-Way Inc, Advanced Micro Devices Inc., Motorola Inc., Lowe's Companies Inc., Goldman Sachs Group Inc., Edison International, Dr Horton Inc., Directed Electronics, Inc., United Microelectronics Corp., sells Abbott Laboratories, Taiwan Semiconductor Manufactu, Seagate Technology, Sherwin-williams Co., Radioshack Corp., Rh Donnelley Corp., Omnivision Technologies Inc., NBTY Inc., Lexmark International Inc., Hillenbrand Industries Inc., Dynegy Inc., Dominion Resources Inc., Campbell Soup Co., Brocade Communications Systems, Koninklijke Ahold Nv, UST Inc. during the 3-months ended 03/31/2007, according to the most recent filings of his investment company, Pzena Investment Management LLC. Richard Pzena owns 132 stocks with a total value of $26.7 billion. These are the details of the buys and sells.





New Purchases: AMD, AMGN, BDK, CCMP, CNW, DEIX, DHI, EIG, EIX, GFF, GS, KB, LOW, MOT, NOC, PBR, RGS, T, UB, UMC,


Added Positions: ACE, ACS, ATAC, AXP, BBBY, BLT, BSX, CB, CFC, CHFC, COF, CVX, FDC, FIS, FNF, FNM, FRE, HD, KEP, KFT, KO, MCK, ORCL, RNR, SFN, STC, VIA-B, WB, WU, XOM, ZZ,


Reduced Positions: AHM, ARM, AZO, CBS, CNMD, FMC, GD, HAS, IPCR, JCI, SRE, TG, TPX, UVV,


Sold Out: ABT, AHO, BRCD, CPB, D, DYN, HB, LXK, NTY, OVTI, RHD, RSH, SHW, STX, TSM, UST,