0001140361-12-024713.txt : 20120511
0001140361-12-024713.hdr.sgml : 20120511
20120511160055
ACCESSION NUMBER: 0001140361-12-024713
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20120331
FILED AS OF DATE: 20120511
DATE AS OF CHANGE: 20120511
EFFECTIVENESS DATE: 20120511
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: 12834558
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 3-31-2012
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F Cover Page
Report for the Calendar Year or Quarter Ended: March 31, 2012
PZENA INVESTMENT MANAGEMENT, LLC
-------------------------------------------------------------------------------
Name of Institutional Investment Manager
120 West 45th Street, 20th Floor NY NY 10036
-------------------------------------------------------------------------------
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, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this submission.
Name, Title and Telephone Number of Person Submitting Report:
Joan Berger General Counsel & Chief Compliance Officer (212) 355-1600
-------------------------------------------------------------------------------
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
05/11/12
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: 115
Form 13F Information Table Value Total: 9,681,484,000
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 278,710 4,547,398 SH DEFINED 1 3,681,798 865,600
ACE
LTD COM H0023R105 880 12,027 SH SOLE 12,027
ACTUANT
CORP- A COM 00508X203 20,080 692,650 SH SOLE 619,675 72,975
ADVANCED
SEMICONDUCTOR
E-ADR COM 00756M404 1,272 247,860 SH SOLE 94,930 152,930
AEROPOSTALE,
INC. COM 007865108 29,938 1,384,718 SH SOLE 1,250,568 134,150
ALLSTATE
CORP COM 020002101 375,684 11,412,032 SH DEFINED 1,2 9,461,457 1,950,575
ALTRA
HOLDINGS INC COM 02208R106 2,563 133,487 SH SOLE 122,837 10,650
AMERICAN
EQUITY
INVT
LIFE COM 025676206 28,060 2,197,327 SH SOLE 1,990,798 206,529
AMERICAN
INTERNATIONAL
GROUP COM 026874784 256,476 8,319,041 SH DEFINED 1 7,028,916 1,290,125
AMERICAN
REPROGRAPHICS COM 029263100 16,031 2,974,137 SH SOLE 2,682,737 291,400
APOLLO
GROUP INC -
CL A COM 037604105 112,136 2,902,067 SH DEFINED 1 2,250,242 651,825
ARGO GROUP
INTERNATIONAL COM G0464B107 28,871 966,555 SH SOLE 875,155 91,400
ARTHUR J
GALLAGHER & CO. COM 363576109 21,377 598,136 SH SOLE 538,611 59,525
ASPEN
INSURANCE
HOLDINGS
LTD COM G05384105 13,419 480,264 SH SOLE 434,764 45,500
AVNET INC COM 053807103 73,363 2,016,011 SH DEFINED 2 1,089,299 926,712
AVON PRODUCTS
INC. COM 054303102 159,332 8,229,984 SH DEFINED 1,2 7,293,489 936,495
AXIS CAPITAL
HOLDINGS LTD COM G0692U109 153,344 4,622,977 SH DEFINED 1,2 4,032,552 590,425
BANK OF
AMERICA CORP COM 060505104 175,795 18,369,357 SH DEFINED 1 15,595,382 2,773,975
BBCN
BANCORP INC COM 073295107 32,593 2,928,411 SH SOLE 2,655,986 272,425
BECTON
DICKINSON & CO COM 075887109 10,572 136,150 SH DEFINED 2 111,800 24,350
BP PLC -
SPONS ADR COM 055622104 211,381 4,697,364 SH DEFINED 1 3,890,496 806,868.69
BRADY CORP
CL A COM 104674106 45,519 1,407,069 SH DEFINED 2 1,247,919 159,150
CA INC. COM 12673P105 211,080 7,658,934 SH DEFINED 1,2 6,401,850 1,257,084
CIRCOR
INTERNATIONAL
INC COM 17273K109 20,380 612,565 SH SOLE 554,610 57,955
CITIGROUP INC COM 172967424 259,794 7,107,919 SH DEFINED 1 5,885,378 1,222,541
CNO FINANCIAL
GROUP INC COM 12621E103 17,115 2,199,845 SH SOLE 1,991,795 208,050
COMERICA INC COM 200340107 8,780 271,325 SH DEFINED 2 219,650 51,675
COMPUTER
SCIENCES CORP COM 205363104 177,932 5,942,952 SH DEFINED 1,2 4,540,925 1,402,027
CON-WAY INC COM 205944101 53,409 1,637,825 SH DEFINED 2 1,452,825 185,000
CURTISS
-WRIGHT CORP COM 231561101 36,972 998,978 SH DEFINED 2 895,026 103,952
DELL INC COM 24702R101 116,933 7,044,171 SH DEFINED 1 5,595,633 1,448,538
DIAMONDROCK
HOSPITALITY
CO. COM 252784301 27,680 2,690,000 SH SOLE 2,437,183 252,817
DIODES INC. COM 254543101 38,297 1,652,151 SH SOLE 1,497,826 154,325
EDISON
INTERNATIONAL COM 281020107 419 9,850 SH DEFINED 2 2,500 7,350
ENI SPA
-SPONSORED ADR COM 26874R108 382 8,150 SH SOLE 8,150
ENERSYS COM 29275Y102 18,454 532,593 SH SOLE 481,543 51,050
ENTERGY CORP COM 29364G103 235,665 3,506,918 SH DEFINED 1,2 2,720,793 786,125
EXXON MOBIL
CORP COM 30231G102 245,684 2,832,745 SH DEFINED 1 2,003,253 829,492
FANNIE MAE COM 313586109 9 29,300 SH SOLE 29,300
FIDELITY
NATIONAL
FINANCIAL
INC. COM 31620R105 93,821 5,203,630 SH DEFINED 1 4,391,704 811,926
FIFTH THIRD
BANCORP COM 316773100 7,058 502,330 SH DEFINED 2 412,150 90,180
FIRST
AMERICAN
FINANCIAL COM 31847R102 26,724 1,606,992 SH SOLE 1,486,492 120,500
FOREST LABS
CLASS A COM 345838106 116 3,353 SH SOLE 3,353
FORTUNE
BRANDS
HOME &
SECURITY INC COM 34964C106 122,151 5,534,692 SH DEFINED 1,2 4,083,502 1,451,190
FRANKLIN
RESOURCES INC. COM 354613101 151,201 1,219,064 SH DEFINED 1 916,278 302,786
FREDDIE MAC COM 313400301 15 48,850 SH SOLE 48,850
GLOBAL
INDEMNITY
PLC COM G39319101 8,175 419,465 SH SOLE 381,553 37,912
GOLDMAN
SACHS
GROUP INC COM 38141G104 139,039 1,117,943 SH DEFINED 1 846,393 271,550
GRIFFON
CORPORATION COM 398433102 31,322 2,927,247 SH SOLE 2,649,538 277,709
HARSCO CORP COM 415864107 22,804 972,023 SH SOLE 880,198 91,825
HARTE-HANKS
INC. COM 416196103 40,590 4,485,136 SH SOLE 4,074,536 410,600
HEWLETT-
PACKARD CO COM 428236103 506,670 21,261,841 SH DEFINED 1 17,870,016 3,391,825
HOSPITALITY
PROPERTIES
TRUST COM 44106M102 55,324 2,090,079 SH DEFINED 2 1,051,972 1,038,107
HUNTINGTON
INGALLS
INDUSTRIE COM 446413106 65,087 1,617,468 SH DEFINED 1 1,377,464 240,004
INGRAM
MICRO INC
CL-A COM 457153104 45,785 2,466,889 SH DEFINED 2 1,362,069 1,104,820
INTERLINE
BRANDS INC COM 458743101 24,192 1,119,477 SH SOLE 1,004,502 114,975
NVESCO LTD COM G491BT108 127,324 4,774,038 SH DEFINED 1,2 3,966,513 807,525
J.C. PENNEY
CO. INC. COM 708160106 213 6,000 SH SOLE 6,000
JAKKS PACIFIC
INC COM 47012E106 17,020 975,353 SH SOLE 883,778 91,575
JARDEN CORP COM 471109108 50,193 1,247,645 SH DEFINED 2 676,160 571,485
JOHNSON &
JOHNSON COM 478160104 381 5,777 SH SOLE 3,877 1,900
JONES GROUP
INC COM 48020T101 32,378 2,577,832 SH SOLE 2,330,482 247,350
JP MORGAN
CHASE & CO COM 46625H100 192,389 4,184,183 SH DEFINED 1 3,161,633 1,022,550
KEY CORP COM 493267108 9,008 1,059,800 SH DEFINED 2 873,550 186,250
L-3
COMMUNICATIONS COM 502424104 197,315 2,788,112 SH DEFINED 1,2 2,124,037 664,075
MI
DEVELOPMENTS
INC. COM 55304X104 14,686 424,562 SH DEFINED 2 373,337 51,225
MASCO CORP COM 574599106 166,144 12,426,642 SH DEFINED 1,2 9,391,517 3,035,125
METLIFE INC COM 59156R108 133,938 3,586,024 SH DEFINED 1 2,806,824 779,200
MICROSOFT CORP COM 594918104 299,138 9,275,594 SH DEFINED 1 7,980,484 1,295,110
MOHAWK
INDUSTRIES INC COM 608190104 42,737 642,558 SH DEFINED 2 371,408 271,150
MOLSON COORS
BREWING CO.
-B COM 60871R209 269,303 5,951,448 SH DEFINED 1,2 4,947,473 1,003,975
MORGAN STANLEY COM 617446448 109,744 5,587,783 SH DEFINED 1 4,226,933 1,360,850
MUELLER
WATER
PRODUCTS
INC COM 624758108 14,627 4,392,371 SH SOLE 3,993,096 399,275
NATIONAL PENN
BANCSHARES
INC COM 637138108 30,055 3,396,010 SH SOLE 3,081,360 314,650
NORTHROP
GRUMMAN CORP COM 666807102 336,706 5,512,539 SH DEFINED 1 4,588,439 924,100
OFFICEMAX INC COM 67622P101 853 149,131 SH SOLE 76,300 72,831
OMNICOM GROUP COM 681919106 326,092 6,438,139 SH DEFINED 1,2 5,389,664 1,048,475
OWENS CORNING COM 690742101 37,934 1,052,844 SH DEFINED 2 560,650 492,194
PHH CORP COM 693320202 27,965 1,807,677 SH SOLE 1,632,677 175,000
PIKE ELECTRIC
CORPORATION COM 721283109 13,135 1,596,030 SH SOLE 1,450,855 145,175
PNC FINANCIAL
SERVICES COM 693475105 143,731 2,228,738 SH DEFINED 1 1,685,876 542,862
PNM RESOURCES
INC COM 69349H107 8,412 459,673 SH SOLE 413,623 46,050
POPULAR INC. COM 733174106 1,372 669,181 SH SOLE 669,181
PORTLAND
GENERAL
ELECTRIC CO COM 736508847 8,155 326,457 SH SOLE 295,607 30,850
PPG INDUSTRIES
INC COM 693506107 273,893 2,859,013 SH DEFINED 1,2 2,377,738 481,275
PRIMERICA INC COM 74164M108 43,820 1,738,186 SH DEFINED 2 1,538,986 199,200
PROTECTIVE
LIFE CORP COM 743674103 23,754 801,951 SH DEFINED 2 718,380 83,571
RENAISSANCE
RE HLDGS LTD COM G7496G103 135,594 1,790,493 SH DEFINED 2 1,440,038 350,455
REGIONS FINL
CORP COM 7591EP100 5,972 906,233 SH DEFINED 2 756,408 149,825
RENT A
CENTER INC COM 76009N100 20,711 548,628 SH SOLE 497,678 50,950
ROYAL DUTCH
SHELL PLC
ADR COM 780259206 237,862 3,391,735 SH DEFINED 1 2,920,270 471,465
SEALY CORP
CONVERTIBLE
NOTE 8% Conv.
7/15/16 Note 812139400 12,605 196,957 SH SOLE 174,224 22,733
SEALY
CORPORATION COM 812139301 8,933 4,422,196 SH SOLE 4,139,912 282,284
SHERWIN
WILLIAMS CO COM 824348106 11,849 109,033 SH DEFINED 2 69,008 40,025
SKECHERS USA
INC.- CL A COM 830566105 31,383 2,467,199 SH SOLE 2,240,199 227,000
SK TELECOM ADR COM 78440P108 1,903 136,796 SH SOLE 73,496 63,300
SPIRIT
AEROSYSTEMS
HOLDINGS I COM 848574109 10,137 414,430 SH DEFINED 2 352,455 61,975
STAPLES INC COM 855030102 455,230 28,135,326 SH DEFINED 1,2 23,360,926 4,774,400
STATE STREET
CORP COM 857477103 230,806 5,072,661 SH DEFINED 1 4,228,911 843,750
STEEL EXCEL
INC COM 858122104 3,223 115,093 SH SOLE 96,591 18,502
TAIWAN
SEMICONDUCTOR -
SP ADR COM 874039100 2,612 170,923 SH SOLE 84,798 86,125
TCF FINANCIAL
CORP COM 872275102 28,996 2,438,674 SH SOLE 2,202,574 236,100
TECH DATA
CORP COM 878237106 21,860 402,883 SH SOLE 363,896 38,987
***TE
CONNECTIVITY
LTD. COM H84989104 320,313 8,715,997 SH DEFINED 1,2 7,578,822 1,137,175
THE HARTFORD
FINANCIAL
SERVICES
GROUP INC COM 416515104 1,055 50,048 SH SOLE 50,048
THOR INDUSTRIES
INC. COM 885160101 16,866 534,425 SH SOLE 478,025 56,400
TORCHMARK CORP COM 891027104 6,960 139,624 SH DEFINED 2 117,762 21,862
TUTOR PERINI
CORP COM 901109108 20,267 1,300,849 SH SOLE 1,172,824 128,025
UBS AG COM H89231338 147,559 10,524,872 SH DEFINED 1 8,699,170 1,825,702
UNIFIRST
CORP/MA COM 904708104 10,678 173,480 SH SOLE 156,305 17,175
VALASSIS
COMMUNICATIONS
INC COM 918866104 36,887 1,603,769 SH SOLE 1,453,819 149,950
VALIDUS
HOLDINGS LTD COM G9319H102 6,002 193,924 SH DEFINED 2 161,381 32,543
VCA ANTECH INC COM 918194101 21,694 934,683 SH SOLE 848,533 86,150
WEBSTER
FINANCIAL
CORP. COM 947890109 32,314 1,425,408 SH SOLE 1,296,833 128,575
WELLS FARGO CO COM 949746101 17,984 526,778 SH SOLE 1,403 525,375
WSFS FINANCIAL
CORP COM 929328102 14,364 350,344 SH SOLE 319,519 30,825