Richard Pzena

Richard Pzena

Last Update: 12-08-2016

Number of Stocks: 152
Number of New Stocks: 12

Total Value: $16,365 Mil
Q/Q Turnover: 4%

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

Don’t Buy the Business That Is; Buy the Business That Will Be Focus on what a stock's EPS will be the year you sell it
I’m going to assume here that you are a value “investor,” not a value “trader.” You are investing over the kind of timespan that Warren Buffett (Trades, Portfolio) invests over (buy and hold forever) or maybe just the kind of timespan Ben Graham invested over (buy and hold for a few years). Read more...
The Market Is Split, Make Sure You Are on the Right Side Richard Pzena discusses the 2 tracks in the stock market today
Richard Pzena (Trades, Portfolio), a brilliant value investor tracked on GuruFocus, recently appeared on CNBC. He talked about a few different subjects and the channel cut the clips up. There are four of them in total. Interestingly, they cut up the tape to where Pzena discusses active versus passive investing in one clip, and in the other he discusses a market divide. They are both at the end of this article. I’m writing this article because what Pzena says in one clip ties into what he is talking about in the other clip. You need to piece things together to understand what environment value investing is in right now. Read more...
Gurus Exit Inefficient Packaged Foods Industry High inventory days and days sales outstanding lower value potential
Throughout the second quarter, gurus trimmed or eliminated their positions in packaged foods companies. Such companies, like Kellogg Co. (NYSE:K) and Leucadia Corp. (NYSE:LUK), have increasing days sales outstanding and contracting profit margins. This leads to decreased value opportunities in the packaged foods industry. Read more...
Richard Pzena Sells Microsoft, ExxonMobil, HP The guru's largest 3rd quarter trades
Richard Pzena (Trades, Portfolio) is the founder and co-chief investment officer of Pzena Investment Management. During the third quarter, the guru’s most important sells were the following: Read more...
Richard Pzena Buys Chevron During 4th Quarter The guru's most heavily weighted trades
Richard Pzena (Trades, Portfolio), founder and co-chief investment officer of Pzena Investment Management LLC, manages a portfolio composed of 150 stocks, five of which were acquired in the fourth quarter. Pzena also sold some stakes in the quarter. Read more...
» More Richard Pzena Articles

Commentaries and Stories

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4 Gurus Invest in Hilton Worldwide Company's Piotroski F-Score indicates it is in a healthy business situation Steve Mandel,Richard Pzena,Steven Cohen,Joel Green - 4 Gurus Invest In Hilton Worldwide
Gurus Steve Mandel (Trades, Portfolio), Richard Pzena (Trades, Portfolio), Steven Cohen (Trades, Portfolio) and Joel Greenblatt (Trades, Portfolio) all purchased positions in Hilton Worldwide Holdings (NYSE:HLT) during the third quarter. More...

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Richard Pzena Sells Microsoft, ExxonMobil, HP The guru's largest 3rd quarter trades Richard Pzena - Richard Pzena Sells Microsoft, ExxonMobil, HP
Richard Pzena (Trades, Portfolio) is the founder and co-chief investment officer of Pzena Investment Management. During the third quarter, the guru’s most important sells were the following: More...

SELL, RICHARD PZENA


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Gurus' 6 Worst-Performing Stocks Stocks gurus are buying that have negative 6-month performance Richard Pzena,Jim Simons,George Soros,Paul Tudor J - Gurus' 6 Worst-Performing Stocks
While gurus are still holding stakes of these companies, the stock price and investors' returns are dropping. These are the worst-performing stocks over the last six months that have a long-term presence in more than four gurus’ portfolio. More...

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Rating: 4.4/5 (7 votes)

Don’t Buy the Business That Is; Buy the Business That Will Be Focus on what a stock's EPS will be the year you sell it Warren Buffett,Richard Pzena - Don’t Buy The Business That Is; Buy The Business That Will Be
I’m going to assume here that you are a value “investor,” not a value “trader.” You are investing over the kind of timespan that Warren Buffett (Trades, Portfolio) invests over (buy and hold forever) or maybe just the kind of timespan Ben Graham invested over (buy and hold for a few years). More...

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Richard Pzena Buys Capital One, Hilton, Wesco The guru’s top 3 new holdings in the 3rd quarter Richard Pzena,Dodge & Cox,Ron Baron,PRIMECAP Manag - Richard Pzena Buys Capital One, Hilton, Wesco
Richard Pzena (Trades, Portfolio) of Pzena Investment Management acquired 12 new holdings in the third quarter. His top three new holdings are Capital One Financial Corp. (NYSE:COF), Hilton Worldwide Holdings Inc. (NYSE:HLT) and Wesco Aircraft Holdings Inc. (NYSE:WAIR). More...

RICHARD PZENA, BUYS, Q3


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ExxonMobil Reports 3rd Quarter Earnings Oil company is optimistic despite rough environment T Rowe Price Equity Income Fund,Richard Pzena,Ken  - ExxonMobil Reports 3rd Quarter Earnings
ExxonMobil Corp. (NYSE:XOM) released its third-quarter report Friday morning, reporting declines in earnings. More...

OIL, ENERGY, GAS, EXXON, MOBIL, EARNINGS


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Rating: 4.8/5 (4 votes)

The Market Is Split, Make Sure You Are on the Right Side Richard Pzena discusses the 2 tracks in the stock market today Richard Pzena - The Market Is Split, Make Sure You Are On The Right Side
Richard Pzena (Trades, Portfolio), a brilliant value investor tracked on GuruFocus, recently appeared on CNBC. He talked about a few different subjects and the channel cut the clips up. There are four of them in total. Interestingly, they cut up the tape to where Pzena discusses active versus passive investing in one clip, and in the other he discusses a market divide. They are both at the end of this article. I’m writing this article because what Pzena says in one clip ties into what he is talking about in the other clip. You need to piece things together to understand what environment value investing is in right now. More...

LONG, ENERGY, FINANCIAL SERVICES, BASIC MATERIALS


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Gurus Exit Inefficient Packaged Foods Industry High inventory days and days sales outstanding lower value potential Steven Cohen,Richard Pzena,Ruane Cunniff,Zeke Asht - Gurus Exit Inefficient Packaged Foods Industry
Throughout the second quarter, gurus trimmed or eliminated their positions in packaged foods companies. Such companies, like Kellogg Co. (NYSE:K) and Leucadia Corp. (NYSE:LUK), have increasing days sales outstanding and contracting profit margins. This leads to decreased value opportunities in the packaged foods industry. More...

SHEVEN COHEN, RICHARD PZENA, RUANE CUNNIFF, ZEKE ASHTON


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Richard Pzena Boosted Stake in Seagate in 2nd Quarter Guru reduced positions in Royal Dutch Shell, Microsoft Richard Pzena - Richard Pzena Boosted Stake In Seagate In 2nd Quarter
Richard Pzena (Trades, Portfolio), in his 10 largest trades of the second quarter, added to a few stakes but reduced more with technology and energy stocks among his leading transactions. More...

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Stocks Richard Pzena Has Bought for 2 Quarters The guru increased his stakes in these stocks Richard Pzena,Arnold Van Den Berg,Jim Simons,Chuck - Stocks Richard Pzena Has Bought For 2 Quarters
Richard Pzena (Trades, Portfolio) is founder and co-chief investment officer of Pzena Investment Management LLC, with more than $24 billion under management. In both fourth quarter 2015 and first quarter 2016 the guru bought shares in the following stocks: More...

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Richard Pzena Ups Stakes in High-Conviction Stocks Companies guru's fund has invested in for the past 2 quarters Richard Pzena,Jim Simons,Arnold Van Berg,Chuck Roy - Richard Pzena Ups Stakes In High-Conviction Stocks
Richard Pzena (Trades, Portfolio) is founder and co-chief investment officer of Pzena Investment Management LLC with more than $24 billion under management. Pzena started the firm in 1995. More...

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Pzena Boosts Stakes in Seagate, Murphy Oil in 1st Quarter Guru trims positions in Microsoft, Baxalta, ExxonMobil Richard Pzena - Pzena Boosts Stakes In Seagate, Murphy Oil In 1st Quarter
Richard Pzena (Trades, Portfolio), founder and co-chief investment officer of Pzena Investment Management LLC, bought 10 new stakes in the first quarter, but his largest transactions involved increases of stakes he already had in his portfolio. More...

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Where Are Super Investors Shopping for Bargains? A closer look at the aggregate industry trend of value guru investments Joel Greenblatt,Richard Pzena,Andreas Halvorsen,Da - Where Are Super Investors Shopping For Bargains?
GuruFocus offers a lot of screens and tools I find highly useful and interesting for coming up with short lists of companies to look at. More...

LONG, GURU, VALUE


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Richard Pzena's Deep Value Investment Picks Guru discusses 2 intriguing investments Richard Pzena - Richard Pzena's Deep Value Investment Picks
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Is There Value in Exxon Mobil at Current Prices? Value investor Richard Pzena discusses why Exxon Mobil is his largest holding Richard Pzena - Is There Value In Exxon Mobil At Current Prices?
Value investors and beaten-down sectors are drawn to each other, like a moth to a flame. More...

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Pzena Purchases 3.4 Million Shares of Dover in 4th Quarter Guru also raises stakes in Staples and Franklin Resources Richard Pzena - Pzena Purchases 3.4 Million Shares Of Dover In 4th Quarter
Richard Pzena (Trades, Portfolio), founder and co-CIO of Pzena Investment Management LLC, invested in five new buys in the fourth quarter, but most had modest impacts on his portfolio. More...

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Richard Pzena Buys Chevron During 4th Quarter The guru's most heavily weighted trades Richard Pzena,First Eagle Investment,NWQ Managers, - Richard Pzena Buys Chevron During 4th Quarter
Richard Pzena (Trades, Portfolio), founder and co-chief investment officer of Pzena Investment Management LLC, manages a portfolio composed of 150 stocks, five of which were acquired in the fourth quarter. Pzena also sold some stakes in the quarter. More...

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Pzena Trades in Familiar Companies in 4th Quarter Guru makes 5 new buys Richard Pzena - Pzena Trades In Familiar Companies In 4th Quarter
Richard Pzena (Trades, Portfolio), founder and co-chief investment officer of Pzena Investment Management LLC, tended to make his biggest fourth-quarter trades in existing stakes rather than new ones. More...

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Richard Pzena Quadruples Stake in ARC Document Solutions Stock price is near 2-year low Richard Pzena - Richard Pzena Quadruples Stake In ARC Document Solutions
Richard Pzena (Trades, Portfolio) began his investment career working for Amoco Corporation in various financial planning roles. He earned an MBA from the Wharton School of the University of Pennsylvania. Prior to founding Pzena Investment Management in 1995, Pzena worked as the director of U.S Equity investments and was the chief research officer for Sanford C Bernstein & Company. More...

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4 Tech Ideas From Gurus as Nasdaq Hits Low Levels Companies with declining stocks present possible investment opportunities Richard Snow, Richard Pzena, T Rowe Price Equity I - 4 Tech Ideas From Gurus As Nasdaq Hits Low Levels
With the start of the new year, many gurus have appeared on CNBC and Bloomberg interviews recently to discuss the sectors and regions in which they see opportunities. More...

TECHNOLOGY


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