0001140361-11-041514.txt : 20110812
0001140361-11-041514.hdr.sgml : 20110812
20110812160649
ACCESSION NUMBER: 0001140361-11-041514
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20110630
FILED AS OF DATE: 20110812
DATE AS OF CHANGE: 20110812
EFFECTIVENESS DATE: 20110812
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: 111031443
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 6-30-2011
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 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
08/12/11
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: 116
Form 13F Information Table Value Total: $11,027,542,000
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 332,604 6,320,870 SH DEFINED 1 5,168,420 1,152,450
ACE
LTD Com H0023R105 177,582 2,697,990 SH DEFINED 1 2,317,596 380,394
ADPT
CORP Com 00101B103 3,766 1,242,759 SH SOLE 775,259 467,500
ADVANCED
SEMICONDUCTOR
E-ADR Com 00756M404 2,499 443,150 SH SOLE 92,575 350,575
AETNA
INC Com 00817Y108 181,924 4,126,200 SH DEFINED 1 3,286,575 839,625
ALLSTATE
CORP Com 020002101 396,898 13,000,278 SH DEFINED 1,2 10,609,975 2,390,303
AMERICAN
EQUITY
INVT
LIFE Com 025676206 33,425 2,629,796 SH SOLE 2,085,310 544,486
AMERICAN
INTERNATIONAL
GROUP Com 026874784 226,310 7,718,609 SH DEFINED 1 6,304,484 1,414,125
AMERICAN
REPROGRAPHICS Com 029263100 17,486 2,473,333 SH SOLE 1,951,296 522,037
APOLLO
GROUP INC -
CL A Com 037604105 128,887 2,950,710 SH DEFINED 1,2 2,272,294 678,416
ARGO GROUP
INTERNATIONAL Com G0464B107 30,727 1,033,875 SH SOLE 824,200 209,675
ARTHUR J
GALLAGHER &
CO. Com 363576109 31,397 1,100,105 SH SOLE 619,075 481,030
AVNET INC Com 053807103 86,740 2,720,838 SH DEFINED 2 1,646,420 1,074,418
AVON PRODUCTS
INC. Com 054303102 165,463 5,909,402 SH DEFINED 1,2 4,835,768 1,073,634
AXIS CAPITAL
HOLDINGS LTD Com G0692U109 161,275 5,209,149 SH DEFINED 1,2 4,353,199 855,950
BANK OF
AMERICA CORP Com 060505104 205,712 18,769,304 SH DEFINED 1 15,647,634 3,121,670
BECTON
DICKINSON &
CO Com 075887109 79,563 923,323 SH DEFINED 2 667,177 256,146
BLOUNT
INTERNATIONAL Com 095180105 16,695 955,611 SH SOLE 762,061 193,550
BP PLC -
SPONS ADR Com 055622104 232,149 5,241,570 SH DEFINED 1 4,272,638 968,932
BRADY CORP
CL A Com 104674106 43,302 1,350,663 SH DEFINED 2 1,106,513 244,150
CA INC. Com 12673P105 316,812 13,870,942 SH DEFINED 1,2 11,231,322 2,639,620
CAPITAL ONE
FINL CORP Com 14040H105 3,398 65,758 SH SOLE 65,758
CIRCOR
INTERNATIONAL
INC Com 17273K109 28,659 669,130 SH SOLE 534,720 134,410
CITIGROUP INC Com 172967424 280,850 6,744,724 SH DEFINED 1 5,497,558 1,247,166
CNO FINANCIAL
GROUP INC Com 12621E103 22,487 2,842,823 SH SOLE 2,295,723 547,100
COMERICA INC Com 200340107 6,926 200,350 SH DEFINED 2 180,125 20,225
CONMED CORP. Com 207410101 13,030 457,513 SH SOLE 368,263 89,250
CON-WAY INC Com 205944101 47,721 1,229,597 SH DEFINED 2 1,007,097 222,500
CURTISS-
WRIGHT CORP Com 231561101 45,969 1,420,111 SH DEFINED 2 1,171,061 249,050
DELL INC Com 24702R101 179,011 10,738,510 SH DEFINED 1 8,138,820 2,599,690
DELPHI FINL
GRP Com 247131105 38,447 1,316,233 SH DEFINED 2 1,079,679 236,554
DIAMONDROCK
HOSPITALITY CO. Com 252784301 30,974 2,886,661 SH SOLE 2,285,798 600,863
DIODES INC. Com 254543101 28,970 1,109,959 SH SOLE 888,384 221,575
EDISON
INTERNATIONAL Com 281020107 144,313 3,724,206 SH DEFINED 1,2 3,098,781 625,425
ENTERGY CORP Com 29364G103 187,630 2,747,956 SH DEFINED 1,2 2,069,206 678,750
EXXON MOBIL
CORP Com 30231G102 390,891 4,803,287 SH DEFINED 1 3,766,420 1,036,867
FANNIE MAE Com 313586109 10 29,300 SH SOLE 29,300
FIDELITY
NATIONAL
FINANCIAL INC. Com 31620R105 154,428 9,811,181 SH DEFINED 1 8,095,065 1,716,116
FIFTH THIRD
BANCORP Com 316773100 6,092 477,800 SH DEFINED 2 422,550 55,250
FIRST
AMERICAN
FINANCIAL Com 31847R102 27,613 1,764,404 SH SOLE 1,425,579 338,825
FOREST LABS
CLASS A Com 345838106 201,644 5,125,671 SH DEFINED 1,2 3,651,132 1,474,539
FORTUNE
BRANDS INC Com 349631101 167,483 2,626,353 SH DEFINED 1,2 2,230,228 396,125
FRANKLIN
RESOURCES INC. Com 354613101 68,746 523,616 SH SOLE 354,130 169,486
FREDDIE MAC Com 313400301 17 48,850 SH SOLE 48,850
GLOBAL
INDEMNITY PLC Com G39319101 26,206 1,181,506 SH SOLE 937,588 243,918
GOLDMAN
SACHS GROUP
INC Com 38141G104 157,863 1,186,137 SH DEFINED 1 920,562 265,575
GRIFFON
CORPORATION Com 398433102 24,638 2,444,241 SH SOLE 1,917,723 526,518
HARSCO CORP Com 415864107 4,420 135,572 SH SOLE 92,172 43,400
HARTE-HANKS
INC. Com 416196103 39,653 4,883,313 SH SOLE 3,914,179 969,134
HEARTLAND
PAYMENT
SYSTEMS, INC. Com 42235N108 11,116 539,612 SH SOLE 419,751 119,861
HEWLETT-
PACKARD CO Com 428236103 559,302 15,365,431 SH DEFINED 1 12,557,021 2,808,410
HOSPITALITY
PROPERTIES TRUST Com 44106M102 63,789 2,630,458 SH DEFINED 2 1,540,270 1,090,188
HUNTINGTON
INGALLS
INDUSTRIE Com 446413106 44,024 1,276,056 SH DEFINED 1 1,014,358 261,698
IMMUCOR INC. Com 452526106 38,815 1,900,818 SH DEFINED 2 1,558,868 341,950
INGRAM MICRO
INC CL-A Com 457153104 22,134 1,220,153 SH DEFINED 2 846,925 373,228
J.C. PENNEY
CO. INC. Com 708160106 238,864 6,915,584 SH DEFINED 1,2 5,716,854 1,198,730
JAKKS PACIFIC
INC Com 47012E106 10,904 592,297 SH SOLE 463,674 128,623
JARDEN CORP Com 471109108 55,984 1,622,260 SH DEFINED 2 973,325 648,935
JOHNSON &
JOHNSON Com 478160104 254,782 3,830,160 SH DEFINED 1 3,023,010 807,150
JONES GROUP
INC Com 48020T101 23,725 2,186,653 SH SOLE 1,760,928 425,725
JP MORGAN
CHASE & CO Com 46625H100 193,671 4,730,613 SH DEFINED 1 3,593,713 1,136,900
KEY CORP Com 493267108 6,623 795,125 SH DEFINED 2 710,375 84,750
L-3
COMMUNICATIONS Com 502424104 303,907 3,475,203 SH DEFINED 1,2 2,641,011 834,192
LABORATORY
CORPORATION
OF AMERICA
HOLDINGS Com 50540R409 12,655 130,746 SH SOLE 130,746
MASCO CORP Com 574599106 187,068 15,550,126 SH DEFINED 1,2 12,057,176 3,492,950
METLIFE INC Com 59156R108 1,769 40,332 SH SOLE 40,332
MI
DEVELOPMENTS
INC. - CLASS
A Com 55304X104 17,033 559,743 SH SOLE 466,768 92,975
MICROSOFT CORP Com 594918104 243,964 9,383,220 SH DEFINED 1 7,721,800 1,661,420
MOLSON COORS
BREWING CO. -
B Com 60871R209 197,909 4,423,531 SH DEFINED 1,2 3,428,856 994,675
MORGAN
STANLEY Com 617446448 155,734 6,768,111 SH DEFINED 1 5,089,913 1,678,198
MTS SYSTEMS
CORP Com 553777103 28,021 669,880 SH SOLE 530,528 139,352
MUELLER WATER
PRODUCTS INC Com 624758108 18,070 4,540,175 SH SOLE 3,655,175 885,000
NARA BANCORP
INC Com 63080P105 25,730 3,164,882 SH SOLE 2,602,044 562,838
NATIONAL PENN
BANCSHARES INC Com 637138108 29,809 3,758,993 SH SOLE 3,041,968 717,025
NORTHROP
GRUMMAN CORP Com 666807102 464,288 6,694,854 SH DEFINED 1 5,501,053 1,193,801
OMNICOM GROUP Com 681919106 331,737 6,888,221 SH DEFINED 1,2 5,617,652 1,270,569
PHH CORP Com 693320202 27,817 1,355,619 SH SOLE 1,079,369 276,250
PIKE ELECTRIC
CORPORATION Com 721283109 12,984 1,468,722 SH SOLE 1,317,372 151,350
PLANTRONICS,
INC. Com 727493108 17,689 484,226 SH SOLE 335,851 148,375
PNC FINANCIAL
SERVICES Com 693475105 170,006 2,851,971 SH DEFINED 1 2,171,926 680,045
PNM RESOURCES
INC Com 69349H107 26,306 1,571,425 SH SOLE 1,254,800 316,625
POPULAR INC. Com 733174106 1,609 582,955 SH SOLE 582,955
PORTLAND
GENERAL
ELECTRIC CO Com 736508847 25,015 989,537 SH SOLE 789,512 200,025
PPG INDUSTRIES
INC Com 693506107 219,933 2,422,431 SH DEFINED 1,2 1,851,181 571,250
PRIMERICA INC Com 74164M108 21,136 962,058 SH SOLE 771,683 190,375
PROTECTIVE
LIFE CORP Com 743674103 9,058 391,600 SH DEFINED 2 345,325 46,275
REGIONS FINL
CORP Com 7591EP100 5,968 962,600 SH DEFINED 2 851,475 111,125
RENAISSANCE
RE HLDGS LTD Com G7496G103 130,990 1,872,627 SH DEFINED 2 1,484,022 388,605
RENT A CENTER
INC Com 76009N100 31,045 1,015,868 SH DEFINED 2 836,493 179,375
ROYAL DUTCH
SHELL PLC ADR Com 780259206 214,094 3,009,899 SH DEFINED 1 2,564,287 445,612
ROYAL DUTCH
SHELL PLC ADR Com 780259107 74,507 1,038,430 SH DEFINED 1 827,805 210,625
SEALY CORP
CONVERTIBLE
NOTE
8% Conv.
7/15/ Note 812139400 19,063 249,447 SH DEFINED 2 219,868 29,579
SEALY
CORPORATION Com 812139301 14,277 5,643,031 SH SOLE 4,136,745 1,506,286
SEMPRA ENERGY Com 816851109 31,826 601,851 SH SOLE 584,651 17,200
SHERWIN
WILLIAMS CO Com 824348106 174,059 2,075,344 SH DEFINED 1,2 1,583,494 491,850
SKECHERS USA
INC.- CL A Com 830566105 32,722 2,259,820 SH SOLE 1,810,820 449,000
SK TELECOM ADR Com 78440P108 1,380 73,800 SH SOLE 73,800
SPIRIT
AEROSYSTEMS
HOLDINGS I Com 848574109 9,512 432,380 SH DEFINED 2 383,780 48,600
STATE STREET
CORP Com 857477103 218,025 4,835,322 SH DEFINED 1 3,948,572 886,750
TAIWAN
SEMICONDUCTOR
- SP ADR Com 874039100 4,563 361,850 SH SOLE 99,000 262,850
TCF FINANCIAL
CORP Com 872275102 22,451 1,626,900 SH SOLE 1,298,525 328,375
TECH DATA CORP Com 878237106 26,523 542,508 SH SOLE 433,321 109,187
TE
CONNECTIVITY
LTD. Com H84989104 260,645 7,090,441 SH DEFINED 1,2 5,805,216 1,285,225
THE HARTFORD
FINANCIAL
SERVICES
GROUP INC Com 416515104 71,947 2,728,379 SH DEFINED 1 2,252,079 476,300
TORCHMARK
CORP Com 891027104 27,511 428,923 SH DEFINED 1,2 168,754 260,169
***UBS AG Com H89231338 227,601 12,464,476 SH DEFINED 1 9,859,076 2,605,400
UNIFIRST
CORP/MA Com 904708104 17,258 307,130 SH SOLE 242,305 64,825
USINAS
SIDERURG MINAS
- SP ADR Com 917302200 3,167 360,875 SH SOLE 360,875
VALIDUS
HOLDINGS LTD Com G9319H102 6,584 212,720 SH DEFINED 2 189,413 23,307
VALASSIS
COMMUNICATIONS
INC Com 918866104 44,756 1,477,086 SH SOLE 1,176,686 300,400
VIAD CORP NEW Com 92552R406 7,173 321,787 SH SOLE 252,301 69,486
WEBSTER
FINANCIAL
CORP. Com 947890109 31,735 1,509,733 SH SOLE 1,206,733 303,000
WELLS FARGO
CO Com 949746101 5,728 204,129 SH SOLE 5,279 198,850
WILLIS GROUP
HOLDINGS LTD Com G96666105 1,836 44,660 SH SOLE 44,660
WSFS FINANCIAL
CORP Com 929328102 14,318 361,106 SH SOLE 298,556 62,550
ZIMMER
HOLDINGS INC Com 98956P102 2,972 47,024 SH SOLE 23,049 23,975
ZORAN CORP Com 98975F101 21,024 2,502,875 SH SOLE 1,999,656 503,219
\