PZENA INVESTMENT MANAGEMENT LLC Information

120 WEST 45TH STREET, 20TH FL, NEW YORK, New York, 10036, (212) 355-1600

Report Date: 12/31/2014

Position Statistics

Total Positions 149
New Positions 6
Increased Positions 51
Decreased Positions 86
Positions with Activity 137
Sold Out Positions 8
Total Mkt Value (in $ millions) 18,792

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 3.25%
Capital Goods 3.2%
Conglomerates
Consumer Cyclical 4.7%
Consumer/Non-Cyclical 3.42%
Energy 11.17%
Financial 36.82%
Healthcare 5.67%
Services 7.23%
Technology 16.79%
Transportation 0.16%
Utilities 0.63%

149 Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
CIGNA CORPORATION COM 674,048 -55,658 (7.63) 5,158,791
HEWLETT PACKARD CO COM 606,217 -86,792 (12.52) 18,226,607
AMERICAN INTL GROUP INC COM NEW 536,651 -18,277 (3.29) 9,416,582
BP PLC SPONSORED ADR 528,945 35,978 7.30 12,170,845
ORACLE CORP COM 527,663 2,090 .40 12,248,441
CITIGROUP INC COM NEW 524,040 -13,029 (2.43) 9,906,230
BANK AMER CORP COM 488,333 -6,679 (1.35) 31,223,345
OMNICOM GROUP INC COM 473,071 -17,853 (3.64) 6,104,146
ROYAL DUTCH SHELL PLC SPONS ADR A 455,198 18,089 4.14 7,252,999
PARKER HANNIFIN CORP COM 442,756 -21,563 (4.64) 3,614,628
MORGAN STANLEY COM NEW 432,202 -36,693 (7.83) 11,568,574
STAPLES INC COM 413,603 -127,666 (23.59) 25,452,479
NEWS CORP NEW CL A 411,543 32,616 8.61 26,499,842
MICROSOFT CORP COM 404,594 -80,420 (16.58) 8,451,927
INTEL CORP COM 400,668 -16,849 (4.04) 12,489,655
STATE STR CORP COM 385,204 -57,562 (13) 5,044,580
EXXON MOBIL CORP COM 371,792 -2,749 (0.73) 4,274,944
JPMORGAN CHASE & CO COM 370,308 -26,985 (6.79) 5,915,463
AXIS CAPITAL HOLDINGS LTD SHS 362,444 37,536 11.55 7,078,975
VOYA FINL INC COM 358,235 -25,245 (6.58) 8,369,969