Richard Pzena

Richard Pzena

Last Update: 2014-11-10

Number of Stocks: 144
Number of New Stocks: 6

Total Value: $18,293 Mil
Q/Q Turnover: 6%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Richard Pzena' s Profile & Performance

Profile

Mr. Pzena is Founder and Co-Chief Investment Officer of Pzena Investment Management, LLC, with more than $24 billion under management. Pzena started firm in 1995. He earned a BS summa cum laude and an MBA from the Wharton School of the University of Pennsylvania in 1979 and 1980, respectively.

Web Page:http://www.pzena.com/

Investing Philosophy

Pzena's philosophy is based on ranking companies from the cheapest to the most expensive on the basis of current share price to normal long-term earnings power. He purchases shares in good businesses that are selling at a low price. He understands that it is often unrealistic to expect such opportunities to be available absent some sort of problem which causes the price of the shares to drop. The question Pzena and his team try to answer is whether the issue that caused the drop in price is temporary or permanent.

Total Holding History

Top Ranked Articles

Big Time Investors Who Made Some Big Time Mistakes – Example 1 Richard Pzena
It is important to remember that you never know what you don’t know. Give yourself a margin of safety and realize that you just may not be as smart as you think you are even if you have a long successful record. In other words you have to maintain some diversification in your portfolio. I like to take concentrated positions, but I also like to hold large amounts of cash because I know that there are better opportunities ahead. Read more...
Take a Memo - Staples Needed for Your Portfolio
Staples Inc. (SPLS) Read more...
Richard Pzena Publishes Quarterly Commentary; Top Holdings: XOM, NOC, JCP, TEL, OMC, ALL
Richard Pzena is a value investing oriented money manager. His firm, Pzena Invesment Management, is publically traded in NYSE under the symbol “PZN”. The firm went to public in late 2007. At today’s closing price or $7.24 per share, the market is valuing the firm at $68.75 million. Just to put you the right perspective, the company reported a $14.5 billion of Asset Under Management as of October 2010. Read more...
Richard Pzena’s Q3 Portfolio Updates: Top Reductions in AVP, CSC and PPG
Richard Pzena is the founder and co-chief investment officer of New York-based Pzena Investment Management. Recently, Pzena reported a total of 90 transactions to its third quarter portfolio update, 10 of which were reductions to current shareholdings and 11 of which were sells of all its shares in companies. The majority of the updates were increases in stakes; there were also seven new buys in the update. Read more...
Richard Pzena Buys Freddie Mac., Fannie Mae, Citigroup Inc., Sells Goldman Sachs Group Inc. The, AMR Corp., AutoZone Inc.
Richard Pzena ranks companies from the cheapest to the most expensive on the basis of current share price to normal long-term earnings power. These are the details of the buys and sells during the fourth quarter of 2007. Richard Pzena owns 131 stocks with a total value of $21.1 billion. Read more...
» More Richard Pzena Articles

Commentaries and Stories

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Exxon Mobil Focusing on Larger Projects
In this article, let's take a look at Exxon Mobil Corporation (XOM), a $407.07 billion market cap company that is the world's largest publicly owned integrated oil company. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Richard Pzena Chops Holdings in Application Software Company in Half Richard Pzena - Richard Pzena Chops Holdings In Application Software Company In Half
Richard Pzena (Trades, Portfolio) Chops Holdings in Application Software Company in Half More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Notes On You Can Be A Stock Market Genius By Joel Greenblatt
Today I will put up my notes on another book by Joel Greenblatt (Trades, Portfolio). Hope it helps! More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Richard Pzena's Third Quarter 2014 Commentary
Using short-term volatility when making long-term investment decisions can lead to dubious results. A strong case for equities emerges when using consistent time horizons for the investor with long-dated liabilities. More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

The Top Five Guru-Held Mid-Cap Stocks of Q2 John Rogers,Richard Pzena - The Top Five Guru-Held Mid-Cap Stocks Of Q2
Using the GuruFocus Aggregated Portfolio Screener you can filter results to see what companies maintain the highest amount of guru ownership. By using this screener, we filtered down to see mid-cap companies which are held by the most gurus. The following five mid-capped companies are held by the largest number of gurus during the past quarter. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Value Investor Richard Pzena Provides His Three Favorite Bank Picks
Richard Pzena (Trades, Portfolio) thinks that the three best big banks to own are Bank of America, Citigroup and JP Morgan. He thinks for all of these companies the upside far outweighs the downside risks. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Richard Pzena's Second Quarter 2014 Commentary
The last three years have been good to investors in developed market equities. Since the 2011 market bottom in the depths of the European financial crisis, the MSCI World index has advanced 66.8% on a cumulative basis, with some of the strongest results in the U.S., where the S&P 500 index has gained 84.1%. Although company fundamentals (earnings, cash flow, etc.) were supportive of an increase in valuations, some investors are concerned that stock prices may have come too far, too fast, and are worried that a correction may be in the offing. Because the U.S. stock performance has been so strong, investors are fearing downside to stocks and value stocks in particular. Some high-flying growth stocks have already suffered. In this context we have examined the history of value stock performance when markets sell off, asking the question: More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

The 5 Most-Owned Spin-Offs of Investment Gurus Warren Buffett,Richard Pzena - The 5 Most-Owned Spin-Offs Of Investment Gurus
Numerous financiers, including Joel Greenblatt (Trades, Portfolio), have posited that investors can beat the market by investing in spin-offs – small portions of larger companies separated to stand as their own, independent company. But is this true? This is a question that GuruFocus writer Vera Yuan pondered in her article, “Can Spin-Offs Beat the Market?” Her research concluded that 52 weeks after being spun off, all spun-off companies since 2009 collectively outperformed the market by 84.28%. For this reason, GuruFocus introduced the “Spin-Off List” screener, which tracks all companies spun off since 2013. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Top Held European Stocks Highlighted by Health Care and Oil and Gas Stocks Ken Fisher,Richard Pzena - Top Held European Stocks Highlighted By Health Care And Oil And Gas Stocks
sing the GuruFocus Aggregated Portfolio Screener you can filter results to see what companies were bought by the largest numbers of gurus over a certain period of time. By using this screener, we filtered down to see which companies based in Europe were held by the highest number of gurus. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Richard Pzena Reports Top Five Stocks of the First Quarter Richard Pzena - Richard Pzena Reports Top Five Stocks Of The First Quarter
As of the first quarter Richard Pzena, the founder and co-chief investment officer at Pzena Investment Management, held 146 stocks (20 of which he bought during the quarter) valued at over $17.447 billion. More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Richard Pzena's First Quarter 2014 Commentary
Emerging market equities have struggled since their peak in April, 2011. The MSCI Emerging Markets index has lost 11% cumulatively over the last three years, underperforming the MSCI World developed market index by a whopping 40%. Investors are therefore asking: Is it time to meaningfully increase exposure to the emerging markets? More...

  • Currently 5.00/5

Rating: 5.0/5 (2 votes)

Gurus Are Divided Over Royal Dutch Shell, You Should Not Be
The climate change movement is the greatest long-term threat to the oil & gas industry. Hence, companies responsible for fossil fuel exploration, production and marketing have confronted the trend. However, not all strategies have been the same or meet with the same results. For example, Exxon Mobil (XOM) fiercely countered the movement, while competitors explored other options. Royal Dutch Shell (RDS.A) has taken the alternative road and adopted many projects that highlight the company’s compromise with the environment. Specifically, management announced the signature of an agreement with the UK government to move forward with the Peterhead Carbon Capture and Storage project. The approach seems to have paid increasing dividends in the public’s eyes, while some doubts have been casted over the strategy’s long-term viability. So, is Royal Dutch Shell expected to grow or stumble? More...

LONG, OIL, GAS, ENERGY, PETROL


  • Currently 5.00/5

Rating: 5.0/5 (6 votes)

Pzena's Top Three Positions – Safe Bets?
Over the past days hedge funds have been filing their form 13-F, which is a quarterly report of equity holdings by filed institutional investment managers with at least $100 million in equity assets under management, as required by the United States Securities and Exchange Commission (SEC). In this article, let´s concentrate in one particular hedge fund and try to see the principal holdings in its portfolio. I will look into Pzena Investment Management LLC (PZN) from Richard S. Pzena, who is founder and co-chief investment officer. More...

LONG, FUNDS, PZENA


  • Currently 1.00/5

Rating: 1.0/5 (1 vote)

Pzena Investment Management - Q4 2013 Commentary
  • Currently 1.33/5

Rating: 1.3/5 (3 votes)

Value Investor Richard Pzena Discusses HP and Oracle
Richard Pzena thinks that at the current 7 times earnings Hewlett Packard (HPQ) represents pretty compelling value. More...

  • Currently 3.00/5

Rating: 3.0/5 (4 votes)

British Petroleum Is Leaving the Macondo Disaster Behind
On 2010, British Petroleum (BP) was responsible for what was considered the largest accidental oil spill in the history of petroleum industry. On April 20, the company’s Deepwater Horizon oil rig, located in the Gulf of Mexico, exploded and sank. Eleven lives were lost, and a sea-floor oil gusher floated for 87 days. More...

LONG, ENERGY, PETROLEUM, PETROL, OIL, BP, CVX, XOM, SLB, APC, OXY, HES


  • Currently 4.00/5

Rating: 4.0/5 (2 votes)

Did You Think About Investing in Energy? Warren Buffet v. Richard Pzena
Every once in a while industry giants behave similarly, while describing hard to ignore tendencies. Something of the like is happening in the energy industry, with weaker than expected performance on both sides of the Atlantic. ExxonMobil (XOM), Chevron (CVX) and Valero (VLO) in North America, and Royal Dutch Shell (RDS.A), BP (BP) and Total (TOT) in Europe, continue to miss the right path to steady growth. Similarly, gurus have reacted and began to right size their positions. More...

ENERGY, INTEGRATED, OIL, GAS


  • Currently 3.50/5

Rating: 3.5/5 (2 votes)

Five Companies Cut - Pzena Investment Management Update
The changes in the third quarter portfolio of Pzena Investment Management LLC, led by Richard Pzena, include high-impact reductions of State Street Corp. (STT), Molson Coors Brewing (TAP), Allstate Corp. (ALL) and Hewlett-Packard Co. (HPQ), and the selling of Hospira Inc. (HSP), among many others. Here are Guru Richard Pzena’s trade details, as of Sept. 30, 2013. More...

ASSET MANAGEMENT, BEVERAGES – BREWERS, INSURANCE – PROPERTY & CASUALTY, COMPUTER SYSTEMS, DRUG MANUFACTURERS – SPECIALTY & GENERIC


  • Currently 3.50/5

Rating: 3.5/5 (6 votes)

Richard Pzena's Q3 Top Five Richard Pzena - Richard Pzena's Q3 Top Five
As of the second quarter Richard Pzena, the founder and co-chief investment officer at Pzena Investment Management, held 130 stocks (thirteen of which he bought during the quarter) valued at over $15.4 billion. More...

  • Currently 3.00/5

Rating: 3.0/5 (2 votes)

Richard Pzena's Top 5 Quarter Three Buys Richard Pzena - Richard Pzena's Top 5 Quarter Three Buys
Richard Pzena, founder of the $23.4 billion investment management firm Pzena Investment Management, reported buying 13 new stocks in the third quarter. This brought his total holdings number to 130 in a portfolio valued at $15.5 billion, for quarter-over-quarter turnover of 10%. More...

Add Notes, Comments

If you want to ask a question, or report a bug, please create a support ticket.

User Comments

No comment yet

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK