0001140361-12-006919.txt : 20120210
0001140361-12-006919.hdr.sgml : 20120210
20120210160056
ACCESSION NUMBER: 0001140361-12-006919
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20111231
FILED AS OF DATE: 20120210
DATE AS OF CHANGE: 20120210
EFFECTIVENESS DATE: 20120210
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: 12592846
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 12-31-2011
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F Cover Page
Report for the Calendar Year or Quarter Ended: December 31, 2011
PZENA INVESTMENT MANAGEMENT, LLC
-------------------------------------------------------------------------------
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, 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
02/10/12
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: 113
Form 13F Information Table Value Total: 9,192,284,000
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 285,270 5,073,274 SH DEFINED 1 4,007,299 1,065,975
ACE
LTD COM H0023R105 65,187 929,643 SH DEFINED 1 784,724 144,919
ADVANCED
SEMICONDUCTOR COM 00756M404 1,112 256,141 SH SOLE 103,211 152,930
E-ADR
AEROPOSTALE,
INC. COM 007865108 20,969 1,375,017 SH SOLE 1,126,292 248,725
AETNA
INC COM 00817Y108 32,402 768,007 SH SOLE 756,207 11,800
ALLSTATE
CORP COM 020002101 340,900 12,437,081 SH DEFINED 1,2 10,064,178 2,372,903
ALTRA
HOLDINGS INC COM 02208R106 2,639 140,137 SH SOLE 105,437 34,700
AMERICAN
EQUITY
INVT
LIFE COM 025676206 22,821 2,194,286 SH SOLE 1,812,012 382,274
AMERICAN
INTERNATIONAL
GROUP COM 026874784 182,530 7,867,659 SH DEFINED 1 6,427,409 1,440,250
AMERICAN
REPROGRAPHICS COM 029263100 13,629 2,969,312 SH SOLE 2,410,800 558,512
APOLLO
GROUP INC -
CL A COM 037604105 104,444 1,938,810 SH DEFINED 1 1,410,285 528,525
ARGO GROUP
INTERNATIONAL COM G0464B107 28,212 974,180 SH SOLE 798,705 175,475
ARTHUR J
GALLAGHER &
CO. COM 363576109 21,622 646,581 SH SOLE 529,356 117,225
ASPEN
INSURANCE
HOLDINGS
LTD COM G05384105 10,955 413,402 SH SOLE 345,777 67,625
AVNET INC COM 053807103 80,266 2,581,730 SH DEFINED 2 1,466,637 1,115,093
AVON PRODUCTS
INC. COM 054303102 151,345 8,663,115 SH DEFINED 1,2 7,491,395 1,171,720
AXIS CAPITAL
HOLDINGS LTD COM G0692U109 132,343 4,140,886 SH DEFINED 1,2 3,425,661 715,225
BANK OF
AMERICA CORP COM 060505104 109,390 19,674,534 SH DEFINED 1 16,351,539 3,322,995
BBCN
BANCORP INC COM 073295107 28,754 3,042,716 SH SOLE 2,582,453 460,263
BRADY CORP
CL A COM 104674106 44,149 1,398,442 SH DEFINED 2 1,174,117 224,325
BP PLC -
SPONS ADR COM 055622104 212,239 4,965,817 SH DEFINED 1 3,942,781 1,023,036
CA INC. COM 12673P105 245,422 12,140,591 SH DEFINED 1,2 9,903,354 2,237,237
CIRCOR
INTERNATIONAL
INC COM 17273K109 21,652 613,190 SH SOLE 508,050 105,140
CITIGROUP INC COM 172967424 199,929 7,598,964 SH DEFINED 1 6,165,486 1,433,478
CNO FINANCIAL
GROUP INC COM 12621E103 13,851 2,195,145 SH SOLE 1,814,845 380,300
COMERICA INC COM 200340107 6,262 242,700 SH DEFINED 2 222,075 20,625
COMPUTER
SCIENCES CORP COM 205363104 151,066 6,374,073 SH DEFINED 1,2 4,763,248 1,610,825
CONMED CORP. COM 207410101 1,265 49,272 SH SOLE 48,147 1,125
CON-WAY INC COM 205944101 47,299 1,622,042 SH DEFINED 2 1,360,392 261,650
CURTISS
-WRIGHT CORP COM 231561101 45,628 1,291,473 SH DEFINED 2 1,092,648 198,825
DELL INC COM 24702R101 97,117 6,638,202 SH DEFINED 1 5,091,487 1,546,715
DELPHI FINL
GRP COM 247131105 9,975 225,179 SH DEFINED 2 169,061 56,118
DIAMONDROCK
HOSPITALITY Co. COM 252784301 26,541 2,753,249 SH SOLE 2,244,806 508,443
DIODES INC. COM 254543101 35,588 1,670,797 SH SOLE 1,378,797 292,000
EDISON
INTERNATIONAL COM 281020107 28,061 677,811 SH DEFINED 1,2 490,036 187,775
ENERSYS COM 29275Y102 7,021 270,338 SH SOLE 226,438 43,900
ENTERGY CORP COM 29364G103 233,327 3,194,073 SH DEFINED 1,2 2,379,198 814,875
EXXON MOBIL
CORP COM 30231G102 351,458 4,146,503 SH DEFINED 1 3,187,336 959,167
FANNIE MAE COM 313586109 6 29,300 SH SOLE 29,300
FIDELITY
NATIONAL
FINANCIAL INC. COM 31620R105 91,241 5,727,625 SH DEFINED 1 4,604,534 1,123,091
FIFTH THIRD
BANCORP COM 316773100 6,037 474,605 SH DEFINED 2 426,925 47,680
FIRST
AMERICAN
FINANCIAL COM 31847R102 20,737 1,636,692 SH SOLE 1,364,292 272,400
FORTUNE
BRANDS
HOME &
SECURITY INC COM 34964C106 81,725 4,798,881 SH DEFINED 1,2 3,655,653 1,143,228
FRANKLIN
RESOURCES INC. COM 354613101 152,520 1,587,758 SH DEFINED 1 1,174,297 413,461
FREDDIE MAC COM 313400301 10 48,850 SH SOLE 48,850
GLOBAL
INDEMNITY PLC COM G39319101 8,654 436,412 SH SOLE 349,619 86,793
GOLDMAN
SACHS GROUP
INC COM 38141G104 129,348 1,430,364 SH DEFINED 1 1,073,339 357,025
GRIFFON
CORPORATION COM 398433102 26,982 2,955,277 SH SOLE 2,435,501 519,776
HARSCO CORP COM 415864107 16,873 819,873 SH SOLE 668,798 151,075
HARTE-HANKS
INC. COM 416196103 41,013 4,511,886 SH SOLE 3,728,327 783,559
HEWLETT-
PACKARD CO COM 428236103 480,174 18,640,309 SH DEFINED 1 15,289,424 3,350,885
HOSPITALITY
PROPERTIES
TRUST COM 44106M102 53,685 2,336,160 SH DEFINED 2 1,260,572 1,075,588
HUNTINGTON
INGALLS
INDUSTRIE COM 446413106 52,569 1,680,594 SH DEFINED 1 1,341,107 339,487
INGRAM MICRO
INC CL-A COM 457153104 38,989 2,143,439 SH DEFINED 2 1,285,619 857,820
INTERLINE
BRANDS INC COM 458743101 14,509 931,843 SH SOLE 758,193 173,650
J.C. PENNEY
CO. INC. COM 708160106 145,430 4,137,415 SH DEFINED 1,2 3,031,785 1,105,630
JAKKS PACIFIC
INC COM 47012E106 13,705 971,303 SH SOLE 806,830 164,473
JARDEN CORP COM 471109108 46,502 1,556,298 SH DEFINED 2 883,988 672,310
JOHNSON &
JOHNSON COM 478160104 3,065 46,736 SH SOLE 35,836 10,900
JONES GROUP
INC COM 48020T101 26,998 2,559,081 SH SOLE 2,110,006 449,075
JP MORGAN
CHASE & CO COM 46625H100 155,260 4,669,483 SH DEFINED 1 3,463,083 1,206,400
KEY CORP COM 493267108 5,862 762,250 SH DEFINED 2 685,100 77,150
L-3
COMMUNICATIONS COM 502424104 197,081 2,955,617 SH DEFINED 1,2 2,232,200 723,417
***MI
DEVELOPMENTS
INC. COM 55304X104 23,170 724,520 SH DEFINED 2 617,245 107,275
MASCO CORP COM 574599106 149,297 14,245,925 SH DEFINED 1,2 10,621,050 3,624,875
METLIFE INC COM 59156R108 113,499 3,640,121 SH DEFINED 1 2,975,346 664,775
MICROSOFT CORP COM 594918104 253,860 9,778,883 SH DEFINED 1 8,262,296 1,516,587
MOHAWK
INDUSTRIES INC COM 608190104 59,677 997,113 SH DEFINED 2 533,488 463,625
MOLSON COORS
BREWING CO. -B COM 60871R209 275,103 6,318,400 SH DEFINED 1,2 5,139,675 1,178,725
MORGAN
STANLEY COM 617446448 108,538 7,173,674 SH DEFINED 1 5,374,251 1,799,423
MTS SYSTEMS
CORP COM 553777103 8,331 204,450 SH SOLE 172,086 32,364
MUELLER WATER
PRODUCTS INC COM 624758108 10,636 4,358,896 SH SOLE 3,634,221 724,675
NATIONAL PENN
BANCSHARES
INC COM 637138108 28,803 3,412,667 SH SOLE 2,817,492 595,175
NORTHROP
GRUMMAN CORP COM 666807102 346,227 5,920,426 SH DEFINED 1 4,825,625 1,094,801
OMNICOM GROUP COM 681919106 321,314 7,207,571 SH DEFINED 1,2 5,839,771 1,367,800
PHH CORP COM 693320202 19,292 1,803,035 SH SOLE 1,499,510 303,525
PIKE ELECTRIC
CORPORATION COM 721283109 11,212 1,559,340 SH SOLE 1,404,077 155,263
PNC FINANCIAL
SERVICES COM 693475105 141,361 2,451,204 SH DEFINED 1 1,816,338 634,866
PNM RESOURCES
INC COM 69349H107 9,849 540,239 SH SOLE 446,589 93,650
POPULAR INC. COM 733174106 589 423,531 SH SOLE 423,531
PORTLAND
GENERAL
ELECTRIC
CO COM 736508847 14,833 586,507 SH SOLE 484,432 102,075
PPG INDUSTRIES
INC COM 693506107 261,837 3,136,154 SH DEFINED 1,2 2,507,929 628,225
PRIMERICA INC COM 74164M108 39,732 1,709,628 SH DEFINED 2 1,440,353 269,275
PROTECTIVE
LIFE CORP COM 743674103 15,348 680,297 SH DEFINED 2 606,548 73,749
REGIONS FINL
CORP COM 7591EP100 3,739 869,525 SH DEFINED 2 774,425 95,100
RENAISSANCE
RE HLDGS LTD COM G7496G103 139,980 1,882,211 SH DEFINED 2 1,521,106 361,105
RENT A CENTER
INC COM 76009N100 20,966 566,648 SH SOLE 469,073 97,575
ROYAL DUTCH
SHELL PLC ADR COM 780259206 257,171 3,518,556 SH DEFINED 1 2,896,204 622,352
SEALY CORP
CONVERTIBLE
NOTE 8% CONV.
7/15/16 Note 812139400 12,535 220,886 SH SOLE 198,153 22,733
SEALY
CORPORATION COM 812139301 8,287 4,817,896 SH SOLE 3,664,137 1,153,759
SHERWIN
WILLIAMS CO COM 824348106 132,190 1,480,794 SH DEFINED 1,2 1,088,619 392,175
SKECHERS USA
INC.- CL A COM 830566105 29,731 2,453,066 SH SOLE 2,034,391 418,675
SK TELECOM ADR COM 78440P108 985 72,375 SH SOLE 72,375
SPIRIT
AEROSYSTEMS
HOLDINGS I COM 848574109 8,438 406,055 SH DEFINED 2 366,180 39,875
STAPLES INC COM 855030102 379,710 27,336,922 SH DEFINED 1,2 22,256,897 5,080,025
STATE STREET
CORP COM 857477103 191,191 4,743,007 SH DEFINED 1 3,883,007 860,000
STEEL EXCEL
INC COM 858122104 2,785 116,023 SH SOLE 76,836 39,187
TAIWAN
SEMICONDUCTOR
- SP COM 874039100 2,175 168,500 SH SOLE 82,375 86,125
ADR
TCF FINANCIAL
CORP COM 872275102 25,327 2,454,199 SH SOLE 2,016,874 437,325
TECH DATA CORP COM 878237106 25,479 515,660 SH SOLE 422,848 92,812
TE
CONNECTIVITY
LTD. COM H84989104 225,256 7,311,139 SH DEFINED 1,2 6,134,189 1,176,950
THE HARTFORD
FINANCIAL
SERVICES
GROUP INC COM 416515104 1,025 63,075 SH SOLE 63,075
THOR
INDUSTRIES
INC. COM 885160101 2,612 95,225 SH SOLE 78,900 16,325
TORCHMARK
CORP COM 891027104 5,781 133,224 SH DEFINED 2 120,262 12,962
TUTOR
PERINI
CORP COM 901109108 13,046 1,057,203 SH SOLE 866,528 190,675
UBS AG COM H89231338 139,562 11,797,255 SH DEFINED 1 9,300,378 2,496,877
UNIFIRST
CORP/MA COM 904708104 16,558 291,830 SH SOLE 237,980 53,850
VALASSIS
COMMUNICATIONS
INC COM 918866104 28,842 1,499,819 SH SOLE 1,242,319 257,500
VALIDUS
HOLDINGS LTD COM G9319H102 7,787 247,212 SH DEFINED 2 228,905 18,307
VCA
ANTECH INC COM 918194101 18,367 929,958 SH SOLE 758,083 171,875
VIAD CORP NEW COM 92552R406 2,303 131,738 SH SOLE 108,039 23,699
WEBSTER
FINANCIAL
CORP. COM 947890109 29,340 1,438,933 SH SOLE 1,190,433 248,500
WELLS FARGO
CO COM 949746101 14,498 526,070 SH SOLE 695 525,375
WSFS FINANCIAL
CORP COM 929328102 12,500 347,619 SH SOLE 296,019 51,600