0001140361-11-027322.txt : 20110513 0001140361-11-027322.hdr.sgml : 20110513 20110513160350 ACCESSION NUMBER: 0001140361-11-027322 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110331 FILED AS OF DATE: 20110513 DATE AS OF CHANGE: 20110513 EFFECTIVENESS DATE: 20110513 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: 11841030 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, LLC 13F-HR 3-31-2011 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2011 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, 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 Office (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 05/13/11 Report Type: [ ] 13F HOLDINGS REPORT [ ] 13F NOTICE [X] 13F COMBINATION REPORT FORM 13F SUMMARY PAGE Number of Other Included Managers: Two (2) Form 13F Information Table Entry Total: 123 Form 13F Information Table Value Total: $11,793,439,000 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). 13F File No.: Name: ---------- --------------------- 028-01190 - Frank Russell Company 028-12230 - ALPS Advisers, Inc. (1)
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 B) OF OF CUSIP VALUE SHARES OR SH/ PUT A) DEF SHARED INSTR. A) SHA C) ISSUER CLASS NUMBER (x1000) PRN AMT PRIN CALL SOLE INED OTHER V SOLE RED NONE ---------------- ----- --------- ------- ------------- --- --- ---------- ---- --------- --- ------------- --- ---- ABBOTT LABORATORIES Com 002824100 98,806 2,014,393 SH 2,014,393 0 0 1,407,068 607,325 ACE LTD Com H0023R105 238,902 3,692,463 SH 3,600,151 0 92,312 1 3,300,494 391,969 ADPT CORP Com 00101B103 3,894 1,324,609 SH 1,324,609 0 0 846,809 477,800 ADVANCED SEMICONDUCTOR E-ADR Com 00756M404 507 92,575 SH 92,575 0 0 92,575 AETNA INC Com 00817Y108 258,690 6,911,297 SH 6,797,947 0 113,350 1 5,704,872 1,206,425 ALLSTATE CORP Com 020002101 372,982 11,736,367 SH 11,498,842 0 237,525 1 9,522,539 2,213,828 AMERICAN EQUITY INVT LIFE Com 025676206 37,937 2,891,516 SH 2,891,516 0 0 2,336,605 554,911 AMERICAN REPROGRAPHICS Com 029263100 18,621 1,799,114 SH 1,799,114 0 0 1,444,852 354,262 APOLLO GROUP INC - CL A Com 037604105 129,250 3,098,788 SH 3,032,488 0 66,300 1 2,441,988 656,800 ARGO GROUP INTERNATIONAL Com G0464B107 33,749 1,021,444 SH 1,021,444 0 0 821,744 199,700 ARTHUR J GALLAGHER & CO. Com 363576109 60,455 1,988,006 SH 1,988,006 0 0 920,008 1,067,998 AVNET INC Com 053807103 85,270 2,501,321 SH 2,501,321 0 0 1,457,653 1,043,668 AVON PRODUCTS INC. Com 054303102 136,998 5,066,508 SH 4,981,565 0 84,943 1 4,138,049 928,459 AXIS CAPITAL HOLDINGS LTD Com G0692U109 191,315 5,478,659 SH 5,308,684 0 169,975 1 4,612,334 866,325 BANK OF AMERICA CORP Com 060505104 232,603 17,449,578 SH 17,170,078 0 279,500 1 14,769,558 2,680,020 BECTON DICKINSON & CO Com 075887109 97,082 1,219,319 SH 1,219,319 0 0 863,494 355,825 BLOUNT INTERNATIONAL Com 095180105 24,030 1,503,728 SH 1,503,728 0 0 1,215,703 288,025 BOEING COMPANY Com 097023105 777 10,507 SH 10,507 0 0 10,507 BP PLC - SPONS ADR Com 055622104 232,406 5,265,211 SH 5,120,039 0 145,172 1 4,294,703 970,508 BRADY CORP CL A Com 104674106 56,658 1,587,498 SH 1,587,498 0 0 1,299,398 288,100 CA INC. Com 12673P105 319,966 13,232,667 SH 12,960,417 0 272,250 1 10,704,597 2,528,070 CAPITAL ONE FINL CORP Com 14040H105 7,422 142,842 SH 142,842 0 0 142,842 CHEMICAL FINANCIAL CORP Com 163731102 14,158 710,404 SH 710,404 0 0 569,616 140,788 CIRCOR INTERNATIONAL INC Com 17273K109 41,134 874,826 SH 874,826 0 0 721,341 153,485 CITIGROUP INC Com 172967101 282,979 64,022,501.00 SH 62,866,933 0 1,155,568 1 52,630,054.00 11,392,447 CNO FINANCIAL GROUP INC Com 12621E103 22,861 3,044,048 SH 3,044,048 0 0 2,486,423 557,625 COMERICA INC Com 200340107 6,106 166,275 SH 166,275 0 0 143,600 22,675 CONMED CORP. Com 207410101 24,050 915,163 SH 915,163 0 0 754,238 160,925 CON-WAY INC Com 205944101 55,376 1,409,425 SH 1,409,425 0 0 1,158,800 250,625 CURTISS-WRIGHT CORP Com 231561101 51,100 1,454,186 SH 1,454,186 0 0 1,191,211 262,975 DELL INC Com 24702R101 163,369 11,259,054 SH 10,972,929 0 286,125 1 8,645,939 2,613,115 DELPHI FINL GRP Com 247131105 43,167 1,405,633 SH 1,405,633 0 0 1,148,904 256,729 DIAMONDROCK HOSPITALITY CO. Com 252784301 33,749 3,021,393 SH 3,021,393 0 0 2,407,548 613,845 DIODES INC. Com 254543101 45,606 1,338,987 SH 1,338,987 0 0 1,077,812 261,175 EDISON INTERNATIONAL Com 281020107 148,881 4,068,912 SH 3,956,737 0 112,175 1 3,443,412 625,500 ENSCO PLC - SPON ADR Com 29358Q109 1,628 28,150 SH 28,150 0 0 28,150 ENTERGY CORP Com 29364G103 7,697 114,525 SH 114,525 0 0 94,100 20,425 EXXON MOBIL CORP Com 30231G102 513,345 6,101,809 SH 5,999,659 0 102,150 1 4,983,067 1,118,742 FANNIE MAE Com 313586109 12 29,300 SH 29,300 0 0 29,300 FIDELITY NATIONAL FINANCIAL INC. Com 31620R105 140,410 9,937,025 SH 9,631,550 0 305,475 1 8,300,434 1,636,591 FIFTH THIRD BANCORP Com 316773100 6,829 492,000 SH 492,000 0 0 422,550 69,450 FIRST AMERICAN FINANCIAL Com 31847R102 30,914 1,873,598 SH 1,873,598 0 0 1,527,448 346,150 FOREST LABS CLASS A Com 345838106 247,758 7,670,514 SH 7,473,264 0 197,250 1 5,764,525 1,905,989 FORTUNE BRANDS INC Com 349631101 191,565 3,095,251 SH 3,029,526 0 65,725 1 2,696,401 398,850 FREDDIE MAC Com 313400301 19 48,850 SH 48,850 0 0 48,850 GLOBAL INDEMNITY PLC Com G39319101 36,479 1,659,642 SH 1,659,642 0 0 1,372,897 286,745 GOLDMAN SACHS GROUP INC Com 38141G104 165,210 1,042,534 SH 1,016,909 0 25,625 1 809,159 233,375 GRIFFON CORPORATION Com 398433102 28,068 2,137,732 SH 2,137,732 0 0 1,645,609 492,123 HARSCO CORP Com 415864107 5,375 152,297 SH 152,297 0 0 107,697 44,600 HARTE-HANKS INC. Com 416196103 47,455 3,987,847 SH 3,987,847 0 0 3,289,297 698,550 HEARTLAND PAYMENT SYSTEMS, INC. Com 42235N108 10,750 613,230 SH 613,230 0 0 491,069 122,161 HEWLETT-PACKARD CO Com 428236103 544,716 13,295,481 SH 13,046,231 0 249,250 1 10,880,496 2,414,985 HORIZON LINES INC -CL A Com 44044K101 520 611,875 SH 611,875 0 0 474,200 137,675 HOSPITALITY PROPERTIES TRUST Com 44106M102 66,720 2,882,074 SH 2,882,074 0 0 1,660,236 1,221,838 HSBC HOLDINGS PLC - SPONS ADR Com 404280406 340 6,572 SH 6,572 0 0 6,572 HUNTINGTON INGALLS INDUSTRIE Com 446413106 47,580 1,146,505.00 SH 1,124,643 0 21,862 1 946,569.00 199,936 IMMUCOR INC. Com 452526106 40,377 2,041,297 SH 2,041,297 0 0 1,672,622 368,675 INGRAM MICRO INC CL-A Com 457153104 17,408 827,770 SH 827,770 0 0 651,700 176,070 INSIGHT ENTERPRISES INC. Com 45765U103 21,645 1,270,981 SH 1,270,981 0 0 1,058,456 212,525 INTERVAL LEISURE GROUP Com 46113M108 1,046 63,997 SH 63,997 0 0 61,522 2,475 J.C. PENNEY CO. INC. Com 708160106 291,025 8,104,296 SH 7,961,771 0 142,525 1 6,647,991 1,456,305 JAKKS PACIFIC INC Com 47012E106 6,445 333,097 SH 333,097 0 0 255,299 77,798 JARDEN CORP Com 471109108 61,606 1,731,978 SH 1,731,978 0 0 1,014,743 717,235 JOHNSON & JOHNSON Com 478160104 249,650 4,213,505 SH 4,124,280 0 89,225 1 3,359,680 853,825 JONES GROUP INC Com 48020T101 31,274 2,274,478 SH 2,274,478 0 0 1,841,103 433,375 JP MORGAN CHASE & CO Com 46625H100 218,269 4,734,680 SH 4,620,280 0 114,400 1 3,601,455 1,133,225 KEY CORP Com 493267108 7,580 853,625 SH 853,625 0 0 731,625 122,000 L-3 COMMUNICATIONS Com 502424104 300,358 3,835,504 SH 3,742,079 0 93,425 1 2,970,162 865,342 LABORATORY CORPORATION OF AMERICA HOLDINGS Com 50540R409 171,845 1,865,246 SH 1,818,471 0 46,775 1 1,392,821 472,425 MASCO CORP Com 574599106 237,684 17,075,027 SH 16,772,352 0 302,675 1 13,382,802 3,692,225 MEDNAX INC. Com 58502B106 21,222 318,608 SH 318,608 0 0 268,008 50,600 METLIFE INC Com 59156R108 2,335 52,207 SH 52,207 0 0 52,207 MI DEVELOPMENTS INC. - CLASS A Com 55304X104 17,486 603,373 SH 603,373 0 0 507,898 95,475 MICROSOFT CORP Com 594918104 210,632 8,305,697 SH 8,165,972 0 139,725 1 6,920,152 1,385,545 MOLSON COORS BREWING CO. -B Com 60871R209 166,378 3,548,266 SH 3,428,841 0 119,425 1 2,779,266 769,000 MORGAN STANLEY Com 617446448 175,869 6,437,364 SH 6,285,464 0 151,900 1 4,973,116 1,464,248 MTS SYSTEMS CORP Com 553777103 38,159 837,738 SH 837,738 0 0 675,936 161,802 MUELLER WATER PRODUCTS INC Com 624758108 21,091 4,707,711 SH 4,707,711 0 0 3,806,086 901,625 NARA BANCORP INC Com 63080P105 32,333 3,361,068 SH 3,361,068 0 0 2,786,855 574,213 NATIONAL PENN BANCSHARES INC Com 637138108 31,186 4,029,232 SH 4,029,232 0 0 3,299,207 730,025 NORTHROP GRUMMAN CORP Com 666807102 429,807 6,853,886 SH 6,722,711 0 131,175 1 5,654,235 1,199,651 OMNICOM GROUP Com 681919106 315,310 6,427,030 SH 6,319,205 0 107,825 1 5,202,486 1,224,544 PHH CORP Com 693320202 31,014 1,424,619 SH 1,424,619 0 0 1,143,344 281,275 PIKE ELECTRIC CORPORATION Com 721283109 13,954 1,465,772 SH 1,465,772 0 0 1,308,847 156,925 PLANTRONICS, INC. Com 727493108 19,912 543,736 SH 543,736 0 0 393,411 150,325 PNC FINANCIAL SERVICES Com 693475105 190,740 3,028,095 SH 2,953,629 0 74,466 1 2,346,200 681,895 PNM RESOURCES INC Com 69349H107 39,530 2,649,485 SH 2,649,485 0 0 2,159,035 490,450 POPULAR INC. Com 733174106 1,922 660,538 SH 660,538 0 0 660,538 PORTLAND GENERAL ELECTRIC CO Com 736508847 33,531 1,410,650 SH 1,410,650 0 0 1,143,025 267,625 PPG INDUSTRIES INC Com 693506107 280,364 2,944,687 SH 2,880,562 0 64,125 1 2,275,862 668,825 PRIMERICA INC Com 74164M108 25,460 998,055 SH 998,055 0 0 803,980 194,075 PROTECTIVE LIFE CORP Com 743674103 11,124 419,000 SH 419,000 0 0 361,575 57,425 REGIONS FINL CORP Com 7591EP100 7,411 1,020,850 SH 1,020,850 0 0 875,600 145,250 RENAISSANCE RE HLDGS LTD Com G7496G103 130,966 1,898,335 SH 1,898,335 0 0 1,476,080 422,255 RENT A CENTER INC Com 76009N100 36,990 1,059,593 SH 1,059,593 0 0 871,168 188,425 ROYAL DUTCH SHELL PLC ADR Com 780259206 161,385 2,215,000 SH 2,157,600 0 57,400 1 1,879,524 335,476 ROYAL DUTCH SHELL PLC- ADR Com 780259107 81,844 1,117,483 SH 1,087,158 0 30,325 1 906,858 210,625 SEALY CORP CONVERTIBLE NOTE 8% Conv. 7/15/16 Note 812139400 19,576 261,014 SH 261,014 0 0 226,674 34,340 SEALY CORPORATION Com 812139301 16,673 6,564,296 SH 6,564,296 0 0 4,955,257 1,609,039 SEMPRA ENERGY Com 816851109 65,388 1,222,201 SH 1,222,201 0 0 1,185,051 37,150 SHERWIN WILLIAMS CO Com 824348106 182,472 2,172,543 SH 2,124,143 0 48,400 1 1,672,693 499,850 SK TELECOM ADR Com 78440P108 1,618 86,000 SH 86,000 0 0 86,000 SPIRIT AEROSYSTEMS HOLDINGS I Com 848574109 12,023 468,380 SH 468,380 0 0 400,630 67,750 STATE STREET CORP Com 857477103 216,938 4,827,279 SH 4,735,829 0 91,450 1 3,939,804 887,475 TAIWAN SEMICONDUCTOR - SP ADR Com 874039100 915 75,125 SH 75,125 0 0 75,125 TCF FINANCIAL CORP Com 872275102 2,578 162,525 SH 162,525 0 0 125,450 37,075 TECH DATA CORP Com 878237106 31,831 625,850 SH 625,850 0 0 514,738 111,112 TE CONNECTIVITY LTD. Com H84989104 280,714 8,061,851 SH 7,915,726 0 146,125 1 6,663,301 1,398,550 THE HARTFORD FINANCIAL SERVICES GROUP INC Com 416515104 74,699 2,773,808 SH 2,694,883 0 78,925 1 2,322,008 451,800 TORCHMARK CORP Com 891027104 261,868 3,939,044 SH 3,849,544 0 89,500 1 3,052,342 886,702 UBS AG Com H89231338 238,180 13,195,571 SH 12,827,146 0 368,425 1 10,492,871 2,702,700 UNIFIRST CORP/MA Com 904708104 12,694 239,455 SH 239,455 0 0 196,205 43,250 UNITEDHEALTH GROUP INCORPORATED Com 91324P102 46 1,018 SH 1,018 0 0 1,018 VALASSIS COMMUNICATIONS INC Com 918866104 32,958 1,131,030 SH 1,131,030 0 0 905,875 225,155 VALIDUS HOLDINGS LTD Com G9319H102 7,963 238,920 SH 238,920 0 0 201,313 37,607 VALERO ENERGY Com 91913Y100 1,754 58,825 SH 58,825 0 0 58,825 VIAD CORP NEW Com 92552R406 22,826 953,460 SH 953,460 0 0 776,854 176,606 WEBSTER FINANCIAL CORP. Com 947890109 35,328 1,648,525 SH 1,648,525 0 0 1,339,600 308,925 WELLPOINT INC. Com 94973V107 789 11,309 SH 11,309 0 0 11,309 WELLS FARGO CO Com 949746101 6,477 204,311 SH 204,311 0 0 5,461 198,850 WILLIS GROUP HOLDINGS LTD Com G96666105 174,412 4,321,410 SH 4,196,460 0 124,950 1 3,833,685 487,725 WSFS FINANCIAL CORP Com 929328102 17,552 372,656 SH 372,656 0 0 308,706 63,950 ZIMMER HOLDINGS INC Com 98956P102 194,575 3,214,519 SH 3,140,494 0 74,025 1 2,454,919 759,600 ZORAN CORP Com 98975F101 28,814 2,773,208 SH 2,773,208 0 0 2,260,764 512,444