Richard Pzena - Pzena Investment Management – Largest Position Reductions (2026 Q1)
This report summarizes the most meaningful reductions and sell-offs made by Richard Pzena - Pzena Investment Management in 2026 Q1. The analysis highlights which positions were trimmed or exited, providing insight into how the investor adjusted risk exposure and portfolio strategy.
| Symbol | Shares | Reported Price(USD) | Action | Change % | Portfolio Weight | Position Value | Filing Period |
|---|---|---|---|---|---|---|---|
| MGA | 25,329,355 | $77.69 | Reduced | -13.00% | 6.39% | $1.97B | 2026 Q1 |
| BAX | 64,527,823 | $16.8 | Reduced | -7.88% | 3.52% | $1.08B | 2026 Q1 |
| BMY | 17,095,731 | $60.65 | Reduced | -4.72% | 3.37% | $1.04B | 2026 Q1 |
| CVS | 13,773,053 | $71.82 | Reduced | -11.61% | 3.21% | $989.18M | 2026 Q1 |
| C | 8,175,364 | $113.41 | Reduced | -22.98% | 3.01% | $927.17M | 2026 Q1 |
| COF | 4,580,120 | $182.43 | Reduced | -8.78% | 2.71% | $835.55M | 2026 Q1 |
| DG | 6,897,541 | $118.73 | Reduced | -35.40% | 2.66% | $818.95M | 2026 Q1 |
| LEA | 6,758,505 | $121.08 | Reduced | -9.49% | 2.66% | $818.32M | 2026 Q1 |
| UBS | 26,544,355 | $30.73 | Reduced | -10.85% | 2.65% | $815.71M | 2026 Q1 |
| MET | 11,303,819 | $70.72 | Reduced | -4.88% | 2.60% | $799.41M | 2026 Q1 |
| DOW | 18,947,602 | $41.65 | Reduced | -31.42% | 2.56% | $789.17M | 2026 Q1 |
| NOV | 37,535,449 | $18.81 | Reduced | -10.98% | 2.29% | $706.04M | 2026 Q1 |
| WFC | 8,773,128 | $79.61 | Reduced | -12.10% | 2.27% | $698.43M | 2026 Q1 |
| SSNC | 9,699,260 | $67.57 | Reduced | -5.96% | 2.13% | $655.38M | 2026 Q1 |
| NOK | 63,425,518 | $8.04 | Reduced | -31.02% | 1.66% | $509.94M | 2026 Q1 |
| PVH | 5,768,906 | $69.76 | Reduced | -6.87% | 1.31% | $402.44M | 2026 Q1 |
| AVT | 5,692,230 | $61.62 | Reduced | -19.12% | 1.14% | $350.76M | 2026 Q1 |
| UHS | 1,912,235 | $178.97 | Reduced | -9.48% | 1.11% | $342.23M | 2026 Q1 |
| BAC | 6,422,754 | $48.75 | Reduced | -0.88% | 1.02% | $313.11M | 2026 Q1 |
| BAP | 912,060 | $339.18 | Reduced | -14.68% | 1.00% | $309.35M | 2026 Q1 |
| SHEL | 3,196,449 | $93 | Reduced | -2.47% | 0.97% | $297.27M | 2026 Q1 |
| MDT | 3,157,015 | $86.65 | Reduced | -1.92% | 0.89% | $273.56M | 2026 Q1 |
| KSPI | 2,672,387 | $74.07 | Reduced | -1.23% | 0.64% | $197.94M | 2026 Q1 |
| ZTO | 7,460,931 | $25.17 | Reduced | -1.58% | 0.61% | $187.79M | 2026 Q1 |
| DAL | 2,807,667 | $66.48 | Reduced | -5.87% | 0.61% | $186.65M | 2026 Q1 |