Pzena
Pzena IM Global Best Ideas
Global Mid-cap
Jun 2026 → Sep 2026
Our archive holds 2 letters from this strategy, behind 1 investment thesis and positions in 17 companies. Every quote below is copied verbatim from the letter it came from.
2 letters in a year · follow all of Pzena for every strategy.
Performance
as of Sep 30, 2026 · net of fees · USD · Composite — Net
- YTD+9.9%index +13.0%
- 1Y+13.8%index +16.8%
- 3Y · /yr+19.2%index +21.7%
- 5Y · /yr+12.5%index +11.6%
- 10Y · /yr+11.9%index +12.4%
- Inception · /yr+10.1%index +10.8%
Index: MSCI ACWI Index
| YTD | 1Y | 3Yper year | 5Yper year | 10Yper year | Since inceptionper year | |
|---|---|---|---|---|---|---|
| Pzena IM Global Best Ideas | +9.9% | +13.8% | +19.2% | +12.5% | +11.9% | +10.1% |
| MSCI ACWI Index | +13.0% | +16.8% | +21.7% | +11.6% | +12.4% | +10.8% |
Since inception: Since Inception 1/1/2015
Disclaimer
These figures are copied from the manager’s latest letter, as of Sep 30, 2026. They were extracted automatically, have not been verified by HF Best Ideas and may contain errors. They cover a single share class, in the currency and fee basis stated above; other share classes and your own returns will differ. This is not investment advice, nor an offer to buy or sell any fund. Past performance does not predict future returns.
Read full disclosures →What it bought and sold
We also added to Advance Auto Parts on weakness.
During the quarter, we initiated a position in Corebridge Financial, formerly AIG’s Life & Retirement business and a leading U.S. provider of annuities, group retirement products, and life insurance.
To fund these additions, we trimmed Dutch bank ING Groep following share-price strength, and we trimmed both U.S. bank Citigroup and Swiss bank UBS on valuation.
To fund these additions, we trimmed Dutch bank ING Groep following share-price strength, and we trimmed both U.S. bank Citigroup and Swiss bank UBS on valuation.
To fund these additions, we trimmed Dutch bank ING Groep following share-price strength, and we trimmed both U.S. bank Citigroup and Swiss bank UBS on valuation.
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.
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.
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.
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.