Browse the world's most comprehensive database of hedge fund investor letters, sorted by recent quarter. Access primary source research from leading institutional managers.
Browse the world's most comprehensive archive of hedge fund manager letters. Access primary source research from leading institutional managers, sorted by reporting period.
Pzena Focused Value returned 2.5% net in Q4 2025, lagging its benchmark. The firm initiated a contrarian position in Knight-Swift and added to Baxter while trimming strong performers like Citigroup and Dollar General.
Full Quick Take
Pzena Focused Value returned 2.5% net in Q4 2025, lagging its benchmark. The firm initiated a contrarian position in Knight-Swift and added to Baxter while trimming strong performers like Citigroup and Dollar General.
