Pzena
Pzena Global Best Ideas
Global
Sep 2025 → Sep 2025
Our archive holds 1 letter from this strategy, behind 1 investment thesis and positions in 10 companies. Every quote below is copied verbatim from the letter it came from.
1 letter in a year · follow all of Pzena for every strategy.
What it bought and sold
To fund these purchases, we exited integrated oil major Shell, on strength, and trimmed global pork producer WH Group, and Advance Auto, both on appreciation.
In the quarter, we also added to consumer products company Spectrum Brands, and smartphone component supplier Skyworks Solutions, on valuation.
With a new CEO known for strong execution, we see meaningful self-help opportunities for earnings recovery and added to the position during the quarter.
To fund these purchases, we exited integrated oil major Shell, on strength, and trimmed global pork producer WH Group, and Advance Auto, both on appreciation.
To fund these purchases, we exited integrated oil major Shell, on strength, and trimmed global pork producer WH Group, and Advance Auto, both on appreciation.
Office furniture company Steelcase rose as it is being acquired by competitor HNI at a significant premium, which led to us selling the position.
We initiated a position in Robert Half, a leading provider of staffing and consulting services focused on finance and accounting functions.
In the quarter, we also added to consumer products company Spectrum Brands, and smartphone component supplier Skyworks Solutions, on valuation.
We also added Signify, a global leader in general lighting solutions.