0001140361-11-053381.txt : 20111114
0001140361-11-053381.hdr.sgml : 20111111
20111114162418
ACCESSION NUMBER: 0001140361-11-053381
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20110930
FILED AS OF DATE: 20111114
DATE AS OF CHANGE: 20111114
EFFECTIVENESS DATE: 20111114
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: PZENA INVESTMENT MANAGEMENT LLC
CENTRAL INDEX KEY: 0001027796
IRS NUMBER: 000000000
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-03791
FILM NUMBER: 111202956
BUSINESS ADDRESS:
STREET 1: 120 WEST 45TH STREET, 20TH FL
CITY: NEW YORK
STATE: NY
ZIP: 10036
BUSINESS PHONE: 2125831291
MAIL ADDRESS:
STREET 1: 120 WEST 45TH STREET, 20TH FL
CITY: NEW YORK
STATE: NY
ZIP: 10036
13F-HR
1
form13fhr.txt
PZENA INVESTMENT MANAGEMENT 13F-HR 9-30-2011
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F Cover Page
Report for the Calendar Year or Quarter Ended: September 30, 2011
PZENA INVESTMENT MANAGEMENT, LLC
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Name of Institutional Investment Manager
120 West 45th Street, 20th Floor NY NY 10036
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Business Address (Street) (City)(State) (Zip)
13F File Number: 28-03791
--------
The Institutional Investment Manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, and that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, and tables are considered integral parts of this form.
Name, Title and Telephone Number of Person Submitting Report:
Joan Berger General Counsel & Chief Compliance Officer (212) 355-1600
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Name (Title ) (Phone)
Signature, Place and Date of Signing:
/s/Joan Berger
------------------------------
Joan Berger, General Counsel & Chief Compliance Officer
Pzena Investment Management, LLC
120 West 45th Street, 20th Floor
New York, New York 10036
11/14/11
Report Type:
[ ] 13F HOLDINGS REPORT
[ ] 13F NOTICE
[X] 13F COMBINATION REPORT
FORM 13F SUMMARY PAGE
Number of Other Included Managers: Three (3)
Form 13F Information Table Entry Total: 113
Form 13F Information Table Value Total: 8,433,929,000
List of Other Included Managers:
Name and 13F file numbers of ALL Institutional Investment Managers with respect
to which this schedule is filed (other than the one filing this report): (List
in alphabetical order).
No. 13F File No.: Name:
------ ------------- ---------------------
1 028-12230 - ALPS Advisers, Inc.
2 028-14511 - American Beacon Advisors, Inc.
3 028-01190 - Frank Russell Company
ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8:
---------------- ----- --------- ------- ---------------------- -------------------------- --- ------------------------
INVESTMENT DISCRETION VOTING AUTHORITY (SHARES)
-------------------------- ------------------------
MANA
FAIR GERS
NAME TITLE MARKET B) C) SEE
OF OF CUSIP VALUE SHARES OR SH/ PUT A) DEF SHARED INSTR. A) B) C)
ISSUER CLASS NUMBER (x1000) PRN AMT PRIN CALL SOLE INED OTHER V SOLE SHARED NONE
---------------- ----- --------- ------- ---------------------- ------ ---- ------- --- ------------ ------ ----
ABBOTT
LABORATORIES COM 002824100 318,483 6,227,672 SH DEFINED 1 5,070,922 1,156,750
ACE
LTD COM H0023R105 112,159 1,850,816 SH DEFINED 1 1,585,197 265,619
ADPT
CORP COM 00101B103 3,126 1,166,309 SH SOLE 774,434 391,875
ADVANCED
SEMICONDUCTOR
E-ADR COM 00756M404 2,085 494,064 SH SOLE 103,211 390,852.56
AEROPOSTALE,
INC COM 007865108 15,013 1,388,785 SH SOLE 1,140,060 248,725
AETNA
INC COM 00817Y108 30,184 830,587 SH SOLE 816,662 13,925
ALLSTATE
CORP COM 020002101 285,438 12,048,877 SH DEFINED 1,2 9,688,374 2,360,503
AMERICAN
EQUITY
INVT
LIFE COM 025676206 19,415 2,218,809 SH SOLE 1,836,535 382,274
AMERICAN
INTERNATIONAL
GROUP COM 026874784 171,255 7,802,059 SH DEFINED 1 6,307,659 1,494,400
AMERICAN
REPROGRAPHICS COM 029263100 10,078 2,999,359 SH SOLE 2,440,847 558,512
APOLLO
GROUP INC -
CL A COM 037604105 82,002 2,070,245 SH DEFINED 1 1,518,595 551,650
ARGO GROUP
INTERNATIONAL COM G0464B107 28,198 993,950 SH SOLE 818,475 175,475
ARTHUR J
GALLAGHER &
CO. COM 363576109 17,800 676,800 SH SOLE 537,375 139,425
AVNET INC COM 053807103 73,396 2,814,273 SH DEFINED 2 1,672,605 1,141,668
AVON PRODUCTS
INC. COM 054303102 148,827 7,593,232 SH DEFINED 1,2 6,255,481 1,337,751
AXIS CAPITAL
HOLDINGS LTD COM G0692U109 117,536 4,531,066 SH DEFINED 1,2 3,685,941 845,125
BANK OF
AMERICA CORP COM 060505104 115,240 18,830,112 SH DEFINED 1 15,532,042 3,298,070
BLOUNT
INTERNATIONAL COM 095180105 3,576 267,686 SH SOLE 214,511 53,175
BP PLC -
SPONS ADR COM 055622104 194,421 5,390,089 SH DEFINED 1 4,283,210 1,106,879
BRADY CORP
CL A COM 104674106 38,642 1,462,043 SH DEFINED 2 1,235,393 226,650
CA INC. COM 12673P105 235,662 12,141,263 SH DEFINED 1,2 9,804,518 2,336,745
CIRCOR
INTERNATIONAL
INC COM 17273K109 18,243 621,160 SH SOLE 516,020 105,140
CITIGROUP INC COM 172967424 196,030 7,652,951 SH DEFINED 1 6,167,751 1,485,200
CNO FINANCIAL
GROUP INC COM 12621E103 11,979 2,214,298 SH SOLE 1,833,998 380,300
COMERICA INC COM 200340107 6,354 276,625 SH DEFINED 2 256,000 20,625
COMPUTER
SCIENCES CORP COM 205363104 166,092 6,185,912 SH DEFINED 1,2 4,610,262 1,575,650
CONMED CORP. COM 207410101 8,865 385,288 SH SOLE 314,463 70,825
CON-WAY INC COM 205944101 37,083 1,675,672 SH DEFINED 2 1,417,347 258,325
CURTISS-
WRIGHT CORP COM 231561101 39,666 1,375,861 SH DEFINED 2 1,169,511 206,350
DELL INC COM 24702R101 92,972 6,575,084 SH DEFINED 1 4,575,319 1,999,765
DELPHI FINL
GRP COM 247131105 26,251 1,219,853 SH DEFINED 2 1,021,879 197,974
DIAMONDROCK
HOSPITALITY CO. COM 252784301 19,450 2,782,541 SH SOLE 2,274,098 508,443
DIODES INC. COM 254543101 30,593 1,707,175 SH SOLE 1,410,575 296,600
EDISON
INTERNATIONAL COM 281020107 96,395 2,520,137 SH DEFINED 1,2 2,004,687 515,450
ENTERGY CORP COM 29364G103 217,112 3,275,180 SH DEFINED 1,2 2,407,280 867,900
EXXON MOBIL
CORP COM 30231G102 314,338 4,327,934 SH DEFINED 1 3,314,067 1,013,867
FANNIE MAE COM 313586109 7 29,300 SH SOLE 29,300
FIDELITY
NATIONAL
FINANCIAL INC COM 31620R105 95,506 6,291,580 SH DEFINED 1 5,048,439 1,243,141
FIFTH THIRD
BANCORP COM 316773100 5,644 558,850 SH DEFINED 2 503,600 55,250
FIRST
AMERICAN
FINANCIAL COM 31847R102 20,879 1,631,154 SH SOLE 1,358,754 272,400
FORTUNE
BRANDS
HOME AND
SECURITY INC-
WHEN ISSUED COM 34964C106 4,276 344,800 SH SOLE 314,075 30,725
FORTUNE
BRANDS INC COM 349631101 103,117 1,906,747 SH DEFINED 1,2 1,528,397 378,350
FRANKLIN
RESOURCES INC. COM 354613101 113,049 1,182,030 SH SOLE 843,369 338,661
FREDDIE MAC COM 313400301 12 48,850 SH SOLE 48,850
GLOBAL
INDEMNITY PLC COM G39319101 18,083 1,058,700 SH SOLE 874,732 183,968
GOLDMAN
SACHS GROUP
INC COM 38141G104 111,357 1,177,760 SH DEFINED 1 895,760 282,000
GRIFFON
CORPORATION COM 398433102 24,369 2,979,128 SH SOLE 2,459,352 519,776
HARSCO CORP COM 415864107 15,964 823,297 SH SOLE 672,222 151,075
HARTE-HANKS
INC. COM 416196103 39,856 4,699,963 SH SOLE 3,895,104 804,859
HEWLETT-
PACKARD CO COM 428236103 421,273 18,764,961 SH DEFINED 1 15,290,026 3,474,935
HOSPITALITY
PROPERTIES TRUST COM 44106M102 46,151 2,173,842 SH DEFINED 2 1,222,504 951,338
HUNTINGTON
INGALLS
INDUSTRIE COM 446413106 36,586 1,503,744 SH DEFINED 1 1,205,971 297,773
INGRAM MICRO
INC CL-A COM 457153104 41,585 2,578,123 SH DEFINED 2 1,581,778 996,345
INTERLINE
BRANDS INC COM 458743101 4,124 320,445 SH SOLE 272,145 48,300
J.C. PENNEY
CO. INC. COM 708160106 217,220 8,111,292 SH DEFINED 1,2 6,466,362 1,644,930
JAKKS PACIFIC
INC COM 47012E106 18,625 982,828 SH SOLE 818,355 164,473
JARDEN CORP COM 471109108 45,674 1,616,203 SH DEFINED 2 985,818 630,385
JOHNSON &
JOHNSON COM 478160104 34,478 541,348 SH SOLE 500,373 40,975
JONES GROUP
INC COM 48020T101 23,844 2,588,978 SH SOLE 2,139,903 449,075
JP MORGAN
CHASE & CO COM 46625H100 146,514 4,864,345 SH DEFINED 1 3,637,120 1,227,225
KEY CORP COM 493267108 5,114 862,350 SH DEFINED 2 777,600 84,750
L-3
COMMUNICATIONS COM 502424104 190,099 3,067,594 SH DEFINED 1,2 2,347,252 720,342
MI
DEVELOPMENTS INC. COM 55304X104 16,308 614,250 SH DEFINED 2 518,500 95,750
MASCO CORP COM 574599106 103,896 14,592,165 SH DEFINED 1,2 10,835,165 3,757,000
METLIFE INC COM 59156R108 60,821 2,171,390 SH DEFINED 1 1,841,590 329,800
MICROSOFT CORP COM 594918104 191,847 7,707,797 SH DEFINED 1 6,299,677 1,408,120
MOHAWK
INDUSTRIES INC COM 608190104 39,086 910,881 SH DEFINED 2 548,031 362,850
MOLSON COORS
BREWING CO. -B COM 60871R209 167,060 4,217,623 SH DEFINED 1,2 3,183,148 1,034,475
MORGAN
STANLEY COM 617446448 104,401 7,727,673 SH DEFINED 1 5,794,925 1,932,748
MTS SYSTEMS
CORP COM 553777103 15,518 506,455 SH SOLE 417,328 89,127
MUELLER WATER
PRODUCTS INC COM 624758108 10,854 4,376,650 SH SOLE 3,651,975 724,675
NARA BANCORP
INC COM 63080P105 18,660 3,074,182 SH SOLE 2,613,919 460,263
NATIONAL PENN
BANCSHARES INC COM 637138108 24,210 3,453,593 SH SOLE 2,858,418 595,175
NORTHROP
GRUMMAN CORP COM 666807102 309,408 5,930,771 SH DEFINED 1 4,814,770 1,116,001
OMNICOM GROUP COM 681919106 255,954 6,947,720 SH DEFINED 1,2 5,673,501 1,274,219
PHH CORP COM 693320202 20,846 1,296,394 SH SOLE 1,068,119 228,275
PIKE ELECTRIC
CORPORATION COM 721283109 10,028 1,481,197 SH SOLE 1,368,047 113,150
PLANTRONICS,
INC. COM 727493108 6,384 224,401 SH SOLE 170,901 53,500
PNC FINANCIAL
SERVICES COM 693475105 137,051 2,843,977 SH DEFINED 1 2,125,701 718,276
PNM RESOURCES
INC COM 69349H107 8,995 547,475 SH SOLE 453,825 93,650
POPULAR INC. COM 733174106 874 582,955 SH SOLE 582,955
PORTLAND
GENERAL
ELECTRIC CO COM 736508847 14,189 598,962 SH SOLE 496,887 102,075
PPG INDUSTRIES
INC COM 693506107 246,120 3,483,162 SH DEFINED 1,2 2,797,912 685,250
PRIMERICA INC COM 74164M108 23,617 1,095,405 SH SOLE 903,680 191,725
PROTECTIVE
LIFE CORP COM 743674103 6,065 388,050 SH DEFINED 2 345,325 42,725
REGIONS FINL
CORP COM 7591EP100 3,152 946,575 SH DEFINED 2 851,475 95,100
RENAISSANCE
RE HLDGS LTD COM G7496G103 115,422 1,809,122 SH DEFINED 2 1,479,617 329,505
RENT A CENTER
INC COM 76009N100 32,162 1,171,643 SH DEFINED 2 986,193 185,450
ROYAL DUTCH
SHELL PLC ADR COM 780259206 185,255 3,011,297 SH DEFINED 1 2,531,109 480,188
ROYAL DUTCH
SHELL PLC ADR COM 780259107 45,705 736,583 SH DEFINED 1 540,808 195,775
SEALY CORP
CONVERTIBLE
NOTE
8% Conv.
7/15/16 Note 812139400 10,981 237,274 SH SOLE 214,541 22,733
SEALY
CORPORATION COM 812139301 7,273 4,914,331 SH SOLE 3,760,572 1,153,759
SHERWIN
WILLIAMS CO COM 824348106 136,281 1,833,701 SH DEFINED 1,2 1,368,426 465,275
SKECHERS USA
INC.- CL A COM 830566105 30,560 2,178,200 SH SOLE 1,808,975 369,225
SK TELECOM ADR COM 78440P108 1,038 73,800 SH SOLE 73,800
SPIRIT
AEROSYSTEMS
HOLDINGS I COM 848574109 7,506 470,605 SH DEFINED 2 428,805 41,800
STAPLES INC COM 855030102 320,754 24,116,838 SH DEFINED 1,2 19,478,013 4,638,825
STATE STREET
CORP COM 857477103 155,373 4,831,237 SH DEFINED 1 3,946,912 884,325
TAIWAN
SEMICONDUCTOR
- SP ADR COM 874039100 3,628 317,450 SH SOLE 99,000 218,450
TCF FINANCIAL
CORP COM 872275102 19,876 2,169,850 SH SOLE 1,783,450 386,400
TECH DATA CORP COM 878237106 22,565 521,983 SH SOLE 429,171 92,812
TE
CONNECTIVITY
LTD. COM H84989104 196,668 6,988,896 SH DEFINED 1,2 5,721,096 1,267,800
THE HARTFORD
FINANCIAL
SERVICES
GROUP INC COM 416515104 1,421 88,013 SH DEFINED 1 88,013
TORCHMARK
CORP COM 891027104 5,152 147,786 SH DEFINED 2 133,874 13,912
TUTOR
PERINI
CORP COM 901109108 12,287 1,069,350 SH SOLE 878,675 190,675
UBS AG COM H89231338 138,029 12,075,996 SH DEFINED 1 9,472,694 2,603,302
UNIFIRST
CORP/MA COM 904708104 13,511 298,330 SH SOLE 244,480 53,850
VALASSIS
COMMUNICATIONS
INC COM 918866104 26,686 1,424,036 SH SOLE 1,177,786 246,250
VALIDUS
HOLDINGS LTD COM G9319H102 8,306 333,295 SH DEFINED 2 308,563 24,732
VCA
ANTECH INC COM 918194101 9,057 566,800 SH SOLE 471,550 95,250
VIAD CORP NEW COM 92552R406 2,968 174,779 SH SOLE 145,430 29,349
WEBSTER
FINANCIAL
CORP. COM 947890109 22,266 1,455,308 SH SOLE 1,206,808 248,500
WELLS FARGO
CO COM 949746101 9,384 389,054 SH SOLE 1,404 387,650
WSFS FINANCIAL
CORP COM 929328102 11,104 351,731 SH SOLE 300,131 51,600
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