Pzena Investment Management, Inc.: management transactions · United States · SEC (Form 4)

About Pzena Investment Management, Inc.

Pzena Investment Management, Inc. (ticker PZN) is a U.S.-based asset manager listed on the NYSE in the United States. The firm is best known for its disciplined fundamental value-investing approach, focused on global equity portfolios. Pzena was founded in 1995 and built its brand around a straightforward but demanding process: identify high-quality businesses trading at a discount, then hold them with a long-term perspective. Its headquarters are in New York at 320 Park Avenue, which aligns with its positioning as an institutional investment manager. ([pzena.com](https://www.pzena.com/americas/institutional-investors/?utm_source=openai)) Operationally, Pzena Investment Management serves a diversified global client base that includes institutions, separately managed accounts, registered investment companies, and individual investors. The firm offers several equity strategies across market capitalizations, notably large-cap, mid-cap, and small-cap value, as well as exposure to U.S. and non-U.S. markets. Its core differentiator is specialization: Pzena is not a broad multi-asset platform, but a focused value-equity manager with a deep fundamental research process. That specialization gives it a distinct market identity versus larger diversified asset managers. ([pzena.com](https://www.pzena.com/americas/investment-professionals/?utm_source=openai)) The company publicly indicates assets under management of roughly $80 billion to $86 billion in 2026 on its website, which places it among meaningful specialized value managers, even if it remains much smaller than the largest global diversified firms. Its business is anchored in New York, but its investment platform is international in scope, with products and client coverage spanning the Americas, Europe, and other regions. Like most active managers, Pzena’s economics depend heavily on AUM levels, net flows, relative performance, and client retention. ([pzena.com](https://www.pzena.com/?utm_source=openai)) Recent highlights indicate a continued emphasis on research-driven communication and style consistency. In 2025 and 2026, the firm published quarterly commentaries, small-cap updates, and thematic discussions on areas such as tariffs and AI through the lens of its risk framework. These materials reinforce that Pzena remains actively engaged with investors and continues to market its value discipline in a volatile market environment. For equity investors, the key variables to watch are therefore AUM trends, organic growth, fee rate resilience, and whether the value style remains in favor over the cycle. ([pzena.com](https://www.pzena.com/americas/institutional-investors/insights/tariffs-through-the-lens-of-our-risk-framework-1q-2025/?utm_source=openai))