Richard Pzena's Strategic Moves in Q1 2024: A Closer Look at Charter Communications Inc

GuruFocus.com05-04

Insights into Pzena's Latest 13F Filing and Its Impact on the Portfolio Richard Pzena (Trades, Portfolio), the founder and Co-Chief Investment Officer of Pzena Investment Management, LLC, has made ...

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Robinson Worldwide Inc , comprising 873,048 shares or approximately 0.23% of the portfolio, valued at $66.47 million.The Shyft Group Inc , with 327,733 shares, accounting for 0.01% of the portfolio and valued at $4.07 million.Magna Inte","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1267930490.SGD":"TEMPLETON GLOBAL EQUITY INCOME \"AS\" (SGD) INC A","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD","LU0149725797.USD":"汇丰美国股市经济规模基金","DG":"美国达乐公司","LU1201861165.SGD":"Natixis Harris Associates Global Equity PA SGD","WAB":"美国西屋制动","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","BK4511":"特斯拉概念","SHYF":"The Shyft Group, Inc.","PSQ":"纳指反向ETF","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","BAX":"百特国际","QLD":"纳指两倍做多ETF","LU2491049909.HKD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (HKD) ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","QQQ":"纳指100ETF","AEL":"美国股票投资寿险控股公司","TQQQ":"纳指三倍做多ETF","LU2491050071.SGD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (SGDHDG) ACC",".IXIC":"NASDAQ Composite","BK4516":"特朗普概念","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU2491050154.USD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (USD) ACC","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","COF":"第一资本","BK4534":"瑞士信贷持仓","GE":"GE航空航天","BK4567":"ESG概念","CHTR":"特许通讯","JNPR":"瞻博网络","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","BK4100":"有线和卫星","BK4149":"建筑机械与重型卡车","CHRW":"罗宾逊物流","LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","SQQQ":"纳指三倍做空ETF","BK4114":"综合货品商店","DOW":"陶氏化学","BK4559":"巴菲特持仓","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","CTSH":"高知特","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","QID":"纳指两倍做空ETF","MGA":"曼格纳国际","LU0006061336.USD":"Blackrock US Small and MidCap Opportunities A2 USD"},"translate_title":"Richard Pzena在Q1 2024的战略举措：对Charter Communications Inc.的近距离观察","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AEL":1,"WAB":1,"SHYF":1,"MGA":1,"JNPR":1,"GE":1,"DOW":1,"DG":1,"CTSH":1,"COF":1,"CHTR":1,"CHRW":1,"BAX":1,".IXIC":0.88,"SQQQ":0.6,"PSQ":0.6,"QID":0.6,"QLD":0.6,"QQQ":0.6,"TQQQ":0.6,"MNQmain":0.6,"NQmain":0.6},"content_text":"Insights into Pzena's Latest 13F Filing and Its Impact on the Portfolio\nRichard Pzena (Trades, Portfolio), the founder and Co-Chief Investment Officer of Pzena Investment Management, LLC, has made notable changes to his investment portfolio in the first quarter of 2024. Since founding his firm in 1995, Pzena has adhered to a value investing philosophy, focusing on acquiring shares of commendable businesses at low prices, typically influenced by temporary setbacks. His latest 13F filing reveals strategic buys, significant position increases, and some exits, providing a clear view of his current investment strategy.\n\nWarning! GuruFocus has detected 4 Warning Signs with MGA.\n\n\nSummary of New Buys\nRichard Pzena (Trades, Portfolio) added a total of 8 stocks to his portfolio this quarter. Noteworthy new acquisitions include:\n\nDollar General Corp (NYSE:DG), with 1,933,475 shares, making up 1.04% of the portfolio and valued at $301.74 million.\nC.H. Robinson Worldwide Inc (NASDAQ:CHRW), comprising 873,048 shares or approximately 0.23% of the portfolio, valued at $66.47 million.\nThe Shyft Group Inc (NASDAQ:SHYF), with 327,733 shares, accounting for 0.01% of the portfolio and valued at $4.07 million.\n\nKey Position Increases\nRichard Pzena (Trades, Portfolio) also increased his stakes in 51 stocks. Significant increases include:\n\nCharter Communications Inc (NASDAQ:CHTR), with an additional 1,399,034 shares, bringing the total to 2,848,459 shares. This adjustment represents a 96.52% increase in share count and a 1.39% impact on the current portfolio, valued at $827.85 million.\nMagna International Inc (NYSE:MGA), with an additional 5,166,536 shares, bringing the total to 18,043,349 shares. This adjustment represents a 40.12% increase in share count, valued at $1.33 billion.\n\nSummary of Sold Out Positions\nDuring the first quarter of 2024, Richard Pzena (Trades, Portfolio) completely exited 14 holdings, including:\n\nJuniper Networks Inc (NYSE:JNPR), where all 1,232,131 shares were sold, impacting the portfolio by -0.14%.\nAmerican Equity Investment Life Holding Co (NYSE:AEL), with all 503,490 shares liquidated, causing a -0.11% impact on the portfolio.\n\nKey Position Reductions\nPzena also reduced his positions in 93 stocks. The most significant reductions include:\n\nWestinghouse Air Brake Technologies Corp (NYSE:WAB), reduced by 2,700,906 shares, resulting in a -59.34% decrease in shares and a -1.29% impact on the portfolio. The stock traded at an average price of $135.45 during the quarter and has returned 20.99% over the past 3 months and 28.01% year-to-date.\nGE Aerospace (NYSE:GE), reduced by 1,262,948 shares, resulting in a -99.75% reduction in shares and a -0.61% impact on the portfolio. The stock traded at an average price of $117.76 during the quarter and has returned 50.93% over the past 3 months and 61.47% year-to-date.\n\nPortfolio Overview\nAs of the first quarter of 2024, Richard Pzena (Trades, Portfolio)'s portfolio included 160 stocks. The top holdings were 4.57% in Magna International Inc (NYSE:MGA), 4.19% in Cognizant Technology Solutions Corp (NASDAQ:CTSH), 3.73% in $Capital One Financial Corp(COF-N)$ (NYSE:COF), 3.68% in Dow Inc (NYSE:DOW), and 3.58% in Baxter International Inc (NYSE:BAX). The holdings are mainly concentrated across all 11 industries, including Financial Services, Technology, Healthcare, and more.\n\n\nThis article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.This article first appeared on \nGuruFocus.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2432173159"}