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Pzena

Sep 2025 → Jun 2026 · 4 funds

Our archive holds 4 letters from Pzena, behind 3 investment theses and positions in 9 companies. Every quote below is copied verbatim from the letter it came from.

Writes about

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Pzena’s own letters page
4
Letters
9
Companies
4
Moves
3
Theses

4 strategies

Pzena publishes a letter per strategy. Each one has its own page — what it holds, what it bought, what it wrote.

What they bought and sold · 4 moves

  • AddedSpectrum Brands
    June 2026
    “We added to our existing positions in auto parts retailer Advance Auto Parts, consumer products company Spectrum Brands, and health insurer and retail pharmacy operator CVS Health on valuation.”
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  • AddedAdvance Auto Parts
    June 2026
    “We added to our existing positions in auto parts retailer Advance Auto Parts, consumer products company Spectrum Brands, and health insurer and retail pharmacy operator CVS Health on valuation.”
    Read the letter
  • AddedCVS Health
    June 2026
    “We added to our existing positions in auto parts retailer Advance Auto Parts, consumer products company Spectrum Brands, and health insurer and retail pharmacy operator CVS Health on valuation.”
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  • ExitedSenior
    June 2026
    “We exited aerospace and industrial company Senior as it agreed to an all-cash takeover, reallocating capital toward opportunities with more compelling long-term return profiles.”
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Companies held · 9

Every company Pzena has disclosed a position in across our archive, with the letter that last mentioned it.

Theses · 3

  • B3
    September 2025

    B3 is a promising investment opportunity in Brazil's integrated exchange sector, positioned to benefit from the country's evolving financial market and acquired at an attractive valuation during a period of weakness.

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  • PPG Industries
    September 2025

    PPG Industries is a leading coatings provider with strong historical returns trading at a discount due to growth concerns, while Solventum is a promising medical device spinoff from 3M poised for improvement as an independent company.

    Read the full thesis
  • Robert Half
    September 2025

    Robert Half is an attractive value opportunity due to low job turnover affecting staffing demand, while Signify is poised for earnings recovery as demand rebounds following its transformation to LED products and strategic market improvements.

    Read the full thesis

Letter archive · 4

2026

2025

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