Pzena Investment Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
ABBOTT LABORATORIES	COM	002824100	111,741	2,298,718	SH		DFND	1	719,194	0	1,579,524
ABBVIE INC	COM	00287Y109	372	5,137	SH		SOLE		5,137	0	0
ACTUANT CORP- A	COM	00508X203	81,464	3,311,551	SH		SOLE		1,908,058	0	1,403,493
AECOM	COM	00766T100	72,018	2,227,578	SH		DFND	2	516,775	0	1,710,803
AETNA INC	COM	00817Y108	23,525	154,946	SH		SOLE		146	0	154,800
ALLEGHANY CORP	COM	017175100	358	602	SH		SOLE		602	0	0
ALLSTATE CORP	COM	020002101	128,289	1,450,578	SH		DFND	2	160,006	0	1,290,572
AMDOCS LTD	COM	G02602103	372	5,778	SH		SOLE		5,778	0	0
AMERICAN EQUITY INVT LIFE	COM	025676206	64,049	2,437,159	SH		SOLE		2,209,022	0	228,137
AMERICAN INTERNATIONAL GROUP	COM	026874784	403,918	6,460,619	SH		DFND	1	3,072,114	0	3,388,505
AMERISOURCEBERGEN CORP	COM	03073E105	246	2,602	SH		SOLE		2,602	0	0
AMGEN INC	COM	031162100	231	1,339	SH		SOLE		1,339	0	0
ANIXTER INTERNATIONAL INC	COM	035290105	36,634	468,465	SH		SOLE		423,838	0	44,627
ANNALY CAPITAL MANAGMENT INC	COM	035710409	156	12,906	SH		SOLE		12,906	0	0
APOLLO GLOBAL MANAGEMENT-A	COM	037612306	7,887	298,175	SH		DFND	2	298,175	0	0
ARC DOCUMENT SOLUTIONS INC	COM	00191G103	15,918	3,826,438	SH		SOLE		3,476,492	0	349,946
ARGO GROUP INTERNATIONAL	COM	G0464B107	34,702	572,635	SH		SOLE		518,721	0	53,914
ARROW ELECTRONICS INC	COM	042735100	23,892	304,670	SH		SOLE		466	0	304,204
ASPEN INSURANCE HOLDINGS LTD	COM	G05384105	54,550	1,094,283	SH		SOLE		991,821	0	102,462
ASSOCIATED BANC CORP	COM	045487105	59,603	2,365,210	SH		SOLE		2,136,646	0	228,564
AT&T INC	COM	00206R102	31,093	824,085	SH		SOLE		8,860	0	815,225
AVANGRID INC	COM	05351W103	75,958	1,720,464	SH		SOLE		16,024	0	1,704,440
AVNET INC	COM	053807103	294,844	7,583,434	SH		DFND	2	3,742,084	0	3,841,350
AXIS CAPITAL HOLDINGS LTD	COM	G0692U109	296,318	4,582,706	SH		DFND	1,2	1,628,643	0	2,954,063
BAIDU INC - SPON ADR	COM	056752108	7,306	40,850	SH		OTR		0	0	40,850
BAIDU INC - SPON ADR	COM	056752108	69,936	391,012	SH		SOLE		221,669	0	169,343
BAKER HUGHES INC	COM	057224107	31,640	580,451	SH		SOLE		5,825	0	574,626
BANK OF AMERICA CORP	COM	060505104	497,101	20,490,554	SH		DFND	1	9,813,132	0	10,677,422
BP PLC - SPONS ADR	COM	055622104	214,500	6,190,476	SH		DFND	1	2,233,543	0	3,956,933
BROWN & BROWN INC	COM	115236101	219	5,087	SH		SOLE		5,087	0	0
CAPITAL ONE FINL CORP	COM	14040H105	333,921	4,041,646	SH		DFND	1	1,954,677	0	2,086,969
CARDINAL HEALTH INC	COM	14149Y108	82,502	1,058,804	SH		DFND	2	139,679	0	919,125
CENOVUS ENERGY INC.	COM	15135U109	162,722	22,078,963	SH		DFND	1,2	9,401,736	0	12,677,227
CHART INDUSTRIES INC	COM	16115Q308	45,684	1,315,403	SH		SOLE		1,193,764	0	121,639
CHUBB LTD	COM	H1467J104	7,505	51,626	SH		SOLE		2,551	0	49,075
CIGNA CORP	COM	125509109	298,486	1,783,177	SH		DFND	1	718,018	0	1,065,159
CISCO SYSTEMS INC	COM	17275R102	78,462	2,506,781	SH		SOLE		852,406	0	1,654,375
CITIGROUP INC	COM	172967424	559,545	8,366,402	SH		DFND	1	4,115,365	0	4,251,037
CITIZENS FINANCIAL GROUP	COM	174610105	55,677	1,560,442	SH		SOLE		18,222	0	1,542,220
COGNIZANT TECH SOLUTIONS - A	COM	192446102	465,522	7,010,880	SH		DFND	1	3,767,692	0	3,243,188
COLUMBUS MCKINNON CORP	COM	199333105	7,464	293,625	SH		SOLE		262,664	0	30,961
COMERICA INC	COM	200340107	56,695	774,101	SH		DFND	2	138,951	0	635,150
CONOCOPHILLIPS	COM	20825C104	109,952	2,501,175	SH		SOLE		25,100	0	2,476,075
CORNING INC	COM	219350105	43,757	1,456,133	SH		DFND	1	1,172,598	0	283,535
CUBIC CORP	COM	229669106	42,324	914,129	SH		SOLE		826,749	0	87,380
CVS HEALTH CORPORATION	COM	126650100	56,328	700,074	SH		SOLE		11,884	0	688,190
DANA INC	COM	235825205	67,375	3,017,256	SH		DFND	2	1,721,410	0	1,295,846
DAVITA HEALTHCARE PARTNERS INC	COM	23918K108	220	3,398	SH		SOLE		3,398	0	0
DIAMONDROCK HOSPITALITY CO.	COM	252784301	11,453	1,045,949	SH		SOLE		952,741	0	93,208
DIODES INC.	COM	254543101	22,568	939,163	SH		SOLE		847,624	0	91,539
DOVER CORP	COM	260003108	449,176	5,599,307	SH		DFND	1,2	2,446,978	0	3,152,329
DXC TECHNOLOGY COMPANY	COM	23355L106	13,005	169,514	SH		DFND	1,2	26,981	0	142,533
EDISON INTERNATIONAL	COM	281020107	139,521	1,784,386	SH		DFND	2	173,336	0	1,611,050
ENTERGY CORP	COM	29364G103	28,415	370,134	SH		SOLE		2,632	0	367,502
ESSENDANT INC	COM	296689102	51,790	3,492,271	SH		SOLE		3,177,065	0	315,206
EVEREST RE GROUP LTD	COM	G3223R108	23,217	91,194	SH		SOLE		169	0	91,025
EXPRESS SCRIPTS HOLDING CO	COM	30219G108	181,234	2,838,878	SH		DFND	1	1,388,267	0	1,450,611
EXXON MOBIL CORP	COM	30231G102	421,159	5,216,886	SH		DFND	1	2,069,049	0	3,147,837
FIFTH THIRD BANCORP	COM	316773100	82,250	3,168,331	SH		SOLE		28,747	0	3,139,584
FIRST MIDWEST BANCORP INC	COM	320867104	29,793	1,278,104	SH		SOLE		1,161,153	0	116,951
FLEX LTD	COM	Y2573F102	74,247	4,552,258	SH		DFND	2	1,575,135	0	2,977,123
FORD MOTOR COMPANY	COM	345370860	266,464	23,812,718	SH		DFND	1	9,074,468	0	14,738,250
FRANKLIN RESOURCES INC.	COM	354613101	463,506	10,348,419	SH		DFND	1,2	4,615,606	0	5,732,813
GENERAL CABLE CORP DEL NE	COM	369300108	27,974	1,710,959	SH		SOLE		1,549,484	0	161,475
GENPACT LTD	COM	G3922B107	74,308	2,670,064	SH		DFND	2	943,205	0	1,726,859
GENWORTH FINANCIAL INC CL A	COM	37247D106	15,094	4,003,626	SH		SOLE		1,607,901	0	2,395,725
GIBRALTAR INDUSTRIES INC	COM	374689107	28,294	793,663	SH		SOLE		718,342	0	75,321
GOLDMAN SACHS GROUP INC	COM	38141G104	313,833	1,414,300	SH		DFND	1	606,841	0	807,459
HALLIBURTON CO	COM	406216101	32,156	752,886	SH		SOLE		184,161	0	568,725
HEWLETT PACKARD ENTERPRISE COMPANY	COM	42824C109	367,124	22,129,234	SH		DFND	1,2	9,739,921	0	12,389,313
HILTON WORLDWIDE HOLDINGS INC	COM	43300A203	256,856	4,152,880	SH		DFND	1,2	1,443,071	0	2,709,809
HOPE BANCORP INC	COM	43940T109	42,625	2,285,505	SH		SOLE		2,064,449	0	221,056
HOSPITALITY PROPERTIES TRUST	COM	44106M102	17,103	586,728	SH		SOLE		2,928	0	583,800
HP INC	COM	40434L105	106,839	6,112,050	SH		DFND	1,2	3,186,650	0	2,925,400
INSIGHT ENTERPRISES INC	COM	45765U103	33,309	832,926	SH		SOLE		752,391	0	80,535
INTEL CORPORATION	COM	458140100	286,461	8,490,243	SH		DFND	1	4,281,952	0	4,208,291
INTERPUBLIC GROUP OF COS INC	COM	460690100	219,947	8,940,925	SH		DFND	1,2	3,590,499	0	5,350,426
INVESCO LTD	COM	G491BT108	88,423	2,512,726	SH		DFND	2	315,551	0	2,197,175
JABIL CIRCUIT INC	COM	466313103	20,811	712,955	SH		SOLE		1,065	0	711,890
JELD-WEN HOLDING INC	COM	47580P103	102,680	3,163,282	SH		DFND	2	1,631,149	0	1,532,133
JOHNSON & JOHNSON	COM	478160104	97,609	737,844	SH		SOLE		114,883	0	622,961
JP MORGAN CHASE & CO	COM	46625H100	379,710	4,154,377	SH		DFND	1	1,559,378	0	2,594,999
KBR INC	COM	48242W106	72,588	4,769,262	SH		DFND	2	2,178,658	0	2,590,604
KELLOGG COMPANY	COM	487836108	67,435	970,849	SH		SOLE		8,424	0	962,425
KEY CORP	COM	493267108	128,735	6,869,516	SH		DFND	2	683,466	0	6,186,050
KKR & CO LP	COM	48248M102	10,713	575,974	SH		DFND	2	575,974	0	0
KOHLS CORP	COM	500255104	13,580	351,174	SH		SOLE		7,699	0	343,475
L3 TECHNOLOGIES, INC.	COM	502413107	28,075	168,036	SH		SOLE		1,986	0	166,050
LAMAR ADVERTISING CO -A	COM	512816109	117,155	1,592,425	SH		DFND	2	338,582	0	1,253,843
LEGG MASON INC	COM	524901105	24,414	639,775	SH		SOLE		0	0	639,775
LUKOIL PJSC - SPON ADR	COM	69343P105	798	16,350	SH		SOLE		16,350	0	0
MASONITE INTERNATIONAL CORP	COM	575385109	59,405	786,818	SH		SOLE		711,969	0	74,849
MCKESSON CORPORATION	COM	58155Q103	345,181	2,097,855	SH		DFND	1	1,260,919	0	836,936
MERCK & CO INC	COM	58933Y105	52,870	824,940	SH		SOLE		10,640	0	814,300
METLIFE INC	COM	59156R108	301,214	5,482,597	SH		DFND	1	2,501,930	0	2,980,667
MICROSOFT CORP	COM	594918104	92,844	1,346,933	SH		SOLE		124,058	0	1,222,875
MORGAN STANLEY	COM	617446448	405,708	9,104,754	SH		DFND	1	4,520,991	0	4,583,763
MURPHY OIL CORP	COM	626717102	243,761	9,510,782	SH		DFND	1,2	4,156,771	0	5,354,011
MYLAN NV	COM	N59465109	479,027	12,339,687	SH		DFND	1,2	6,063,117	0	6,276,570
NEWS CORP - CLASS A	COM	65249B109	317,710	23,190,514	SH		DFND	1,2	12,483,542	0	10,706,972
NEWS CORP - CLASS B	COM	65249B208	7,932	560,534	SH		SOLE		189,459	0	371,075
OMEGA HEALTHCARE INVESTORS	COM	681936100	340	10,286	SH		SOLE		10,286	0	0
OMNICOM GROUP	COM	681919106	495,658	5,978,986	SH		DFND	1,2	2,664,584	0	3,314,402
ON SEMICONDUCTOR CORP	COM	682189105	125,247	8,920,698	SH		DFND	2	3,841,465	0	5,079,233
ORACLE CORP	COM	68389X105	504,673	10,065,272	SH		DFND	1	4,831,708	0	5,233,564
OWENS & MINOR INC	COM	690732102	50,455	1,567,412	SH		SOLE		1,417,989	0	149,423
OWENS CORNING	COM	690742101	13,607	203,330	SH		SOLE		0	0	203,330
PARKER HANNIFIN CORPORATION	COM	701094104	205,092	1,283,268	SH		DFND	1,2	348,657	0	934,611
PFIZER INC	COM	717081103	78,341	2,332,274	SH		SOLE		688,999	0	1,643,275
PG&E CORP	COM	69331C108	20,774	313,010	SH		SOLE		585	0	312,425
PLY GEM HOLDINGS INC	COM	72941W100	15,432	859,716	SH		SOLE		774,181	0	85,535
POSCO - ADR	COM	693483109	5,852	93,495	SH		SOLE		93,495	0	0
PREMIER INC CLASS A	COM	74051N102	361	10,029	SH		SOLE		10,029	0	0
PROGRESSIVE CORP	COM	743315103	21,870	496,033	SH		SOLE		808	0	495,225
QUALCOMM INC	COM	747525103	41,071	743,776	SH		SOLE		10,751	0	733,025
REGIONS FINL CORP	COM	7591EP100	291,608	19,918,612	SH		DFND	1,2	6,755,586	0	13,163,026
ROWAN COMPANIES PLC - A	COM	G7665A101	10,206	996,725	SH		SOLE		0	0	996,725
ROYAL DUTCH SHELL PLC ADR	COM	780259206	401,254	7,543,786	SH		DFND	1	2,844,004	0	4,699,782
SCANSOURCE INC	COM	806037107	51,419	1,275,903	SH		SOLE		1,156,947	0	118,956
SEAGATE TECHNOLOGY	COM	G7945M107	121,928	3,146,522	SH		DFND	1,2	854,028	0	2,292,494
SHINHAN FINANCIAL GROUP - ADR	COM	824596100	3,385	77,844	SH		SOLE		77,844	0	0
SOUTHERN CO	COM	842587107	357	7,454	SH		SOLE		7,454	0	0
STANLEY BLACK & DECKER INC	COM	854502101	173,884	1,235,586	SH		DFND	1	249,769	0	985,817
STAPLES INC	COM	855030102	298,438	29,636,356	SH		DFND	1,2	15,477,545	0	14,158,811
STATE STREET CORP	COM	857477103	252,452	2,813,464	SH		DFND	1	1,222,889	0	1,590,575
STONERIDGE INC	COM	86183P102	19,233	1,248,090	SH		SOLE		1,125,696	0	122,394
SUPERIOR ENERGY SERVICES INC	COM	868157108	41,703	3,998,348	SH		DFND	2	1,681,981	0	2,316,367
SYNOVUS FINANCIAL CORP	COM	87161C501	52,137	1,178,496	SH		SOLE		838,397	0	340,099
TAIWAN SEMICONDUCTOR - SP ADR	COM	874039100	6,439	184,191	SH		SOLE		184,191	0	0
TAIWAN SEMICONDUCTOR - SP ADR	COM	874039100	12,749	364,675	SH		OTR		0	0	364,675
TCF FINANCIAL CORP	COM	872275102	26,626	1,670,379	SH		SOLE		1,496,972	0	173,407
TECHNIPFMC PLC	COM	G87110105	34,594	1,271,841	SH		DFND	2	251,468	0	1,020,373
TE CONNECTIVITY LTD.	COM	H84989104	57,397	729,498	SH		SOLE		8,474	0	721,024
TELEFONICA BRASIL - ADR	COM	87936R106	5,040	373,575	SH		OTR		0	0	373,575
TELEFONICA BRASIL - ADR	COM	87936R106	46,823	3,470,945	SH		SOLE		1,881,582	0	1,589,363
TEREX CORP	COM	880779103	194,323	5,181,944	SH		DFND	2	2,237,615	0	2,944,329
THE HARTFORD FINANCIAL SERVICES GROUP INC	COM	416515104	16,527	314,390	SH		SOLE		590	0	313,800
TORCHMARK CORP	COM	891027104	36,541	477,661	SH		DFND	2	51,478	0	426,183
TRANSDIGM GROUP INC.	COM	893641100	204	758	SH		SOLE		758	0	0
TRIMAS CORP	COM	896215209	56,066	2,689,007	SH		SOLE		2,434,776	0	254,231
TRIPLE-S MANAGEMENT CORP-B	COM	896749108	34,999	2,069,718	SH		SOLE		1,869,465	0	200,253
UBS GROUP AG	COM	H42097107	188,833	11,120,923	SH		DFND	1	5,015,365	0	6,105,558
UNIVERSAL CORP	COM	913456109	23,790	367,692	SH		SOLE		347,571	0	20,121
VALIDUS HOLDINGS LTD	COM	G9319H102	35,814	689,124	SH		DFND	2	147,199	0	541,925
VERIFONE SYSTEMS INC	COM	92342Y109	43,589	2,408,238	SH		SOLE		2,182,581	0	225,657
VIRTUSA CORP	COM	92827P102	15,776	536,604	SH		SOLE		481,096	0	55,508
VOYA FINANCIAL INC.	COM	929089100	473,117	12,825,081	SH		DFND	1,2	5,538,100	0	7,286,981
WAL-MART STORES	COM	931142103	388,567	5,134,336	SH		DFND	1	2,586,379	0	2,547,957
WEBSTER FINANCIAL CORP.	COM	947890109	79,015	1,513,122	SH		DFND	2	812,351	0	700,771
WELLS FARGO CO	COM	949746101	83,290	1,503,167	SH		SOLE		20,224	0	1,482,943
WESCO AIRCRAFT HOLDINGS INC	COM	950814103	16,839	1,552,004	SH		SOLE		1,407,168	0	144,836
WILLIS TOWERS WATSON PLC	COM	G96629103	193,322	1,329,037	SH		DFND	2	376,817	0	952,220
WSFS FINANCIAL CORP	COM	929328102	15,335	338,149	SH		SOLE		305,229	0	32,920
XL GROUP LTD	COM	G98294104	227,666	5,197,849	SH		SOLE		2,008,921	0	3,188,928
ZIMMER BIOMET HOLDINGS INC	COM	98956P102	260	2,023	SH		SOLE		2,023	0	0