Richard Pzena (Trades, Portfolio), the founder and co-chief investment officer of Pzena Investment Management, invested in the following stocks in both the third and fourth quarters.
In the third quarter, the guru increased his position by 4.64% and then added another 24.37% in the fourth quarter.
With a market cap of $44.49 billion, the company distributes electricity and natural gas. Its revenue has increased at a rate of 0.50% over the past five years.
The T Rowe Price Equity Income Fund (Trades, Portfolio) is the company's largest guru shareholder with 0.75% of outstanding shares, followed by Jim Simons (Trades, Portfolio) with 0.12% and Hotchkis & Wiley with 0.09%.
Brown & Brown Inc. (BRO, Financial)
Pzena increased his holding by 43.40% in the third quarter and then by 21.44% in the fourth quarter.
The insurance broker has a market cap of $6.97 billion. Its revenue has grown 12.20% over the past five years.
The company's largest shareholder among the gurus is First Eagle Investment (Trades, Portfolio) with 5.14% of outstanding shares, followed by Diamond Hill Capital (Trades, Portfolio) with 1.19%, Simons with 1.04% and Steven Cohen (Trades, Portfolio) with 0.06%.
Universal Corp. (UVV, Financial)
The investor boosted his position by 17.83% in the third quarter and then increased it 51.28% in the fourth quarter.
The tobacco company has a market cap of $1.27 billion. Its revenue has declined 1.03% over the past five years.
Pzena is the company's largest shareholder among the gurus with 2.62% of outstanding shares, followed by Simons with 1.26%, Barrow, Hanley, Mewhinney & Strauss with 0.37% and Jeremy Grantham (Trades, Portfolio) with 0.13%.
Essendant Inc. (ESND, Financial)
In the third quarter, the investor increased his position by 23.85% and then by 17.03% in the fourth quarter.
The wholesale distributor of office furniture and supplies has a market cap of $311.8 million. Its revenue has increased 5.40% over the past five years.
With 13.46% of outstanding shares, Pzena is the company's largest guru shareholder, followed by Barrow, Hanley, Mewhinney & Strauss with 0.64% and Joel Greenblatt (Trades, Portfolio) with 0.12%.
Hope Bancorp Inc. (HOPE, Financial)
Pzena increased the holding 6.30% in the third quarter, and then added another 24.56% in the fourth quarter.
The bank holding company has a market cap of $2.43 billion. Its revenue has grown 2.60% over the past five years.
Pzena is the company's largest shareholder among the gurus with 2.23% of outstanding shares, followed by NWQ Managers (Trades, Portfolio) with 1.24% and Mario Gabelli (Trades, Portfolio) with 0.44%.
Anixter International Inc. (AXE, Financial)
The guru increased the holding by 3.32% in the third quarter and then raised it by 77.75% in the fourth quarter.
With a market cap of $2.54 billion, the company distributes enterprise electrical products. Its revenue has increased 6.90% over the past five years.
The company's largest guru shareholder is John Rogers (Trades, Portfolio) with 3.66% of outstanding shares, followed by Pzena with 2.59%, Ken Fisher (Trades, Portfolio) with 1.91% and Chuck Royce (Trades, Portfolio) with 1.1%.
Merck & Co. Inc. (MRK, Financial)
In the third quarter, the investor boosted the holding by 84.25% and then added another 7.93% in the fourth quarter.
The pharmaceutical company has a market cap of $149.52 billion. Its revenue has decreased 2.10% over the past five years.
The Vanguard Health Care Fund (Trades, Portfolio) is the company's largest shareholder among the gurus with 1% of outstanding shares, followed by Barrow, Hanley, Mewhinney & Strauss with 0.52%, Dodge & Cox with 0.49% and Fisher with 0.27%.
Cardinal Health Inc. (CAH, Financial)
Pzena increased his stake by 70.62% in the third quarter and added another 7.97% in the fourth quarter.
The health care services company has a market cap of $21 billion. Its revenue grew 6.50% over the past five years.
With 5.68% of outstanding shares, Barrow, Hanley, Mewhinney & Strauss is the company's largest guru shareholder, followed by the Vanguard Health Care Fund with 2.41%, Seth Klarman (Trades, Portfolio) with 0.8% and Pzena with 0.62%.
In the third quarter, the investor added 71.86% to the holding and another 8.80% in the fourth quarter.
The biopharmaceutical company has a market cap of $203.62 billion. Its revenue has grown 2.20% over the past five years.
Barrow, Hanley, Mewhinney & Strauss is the company's largest shareholder among the gurus with 0.71% of outstanding shares, followed by Fisher with 0.61%, Diamond Hill Capital with 0.18% and Pioneer Investments (Trades, Portfolio) with 0.18%.
Disclosure: I do not own any stocks mentioned in this article.
