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
ACTUANT CORP- A	COM	00508X203	100,289	3,917,524	SH		SOLE		2,313,761	0	1,603,763
AECOM	COM	00766T100	82,004	2,227,773	SH		DFND	2	516,970	0	1,710,803
ALLEGHANY CORP	COM	017175100	232	419	SH		SOLE		419	0	0
ALLSTATE CORP	COM	020002101	117,999	1,283,852	SH		DFND	2	116,004	0	1,167,848
AMDOCS LTD	COM	G02602103	369	5,737	SH		SOLE		5,737	0	0
AMERICAN EQUITY INVT LIFE	COM	025676206	53,757	1,848,605	SH		SOLE		1,687,144	0	161,461
AMERICAN INTERNATIONAL GROUP	COM	026874784	399,487	6,507,357	SH		DFND	1	3,105,924	0	3,401,433
AMERISOURCEBERGEN CORP	COM	03073E105	201	2,433	SH		SOLE		2,433	0	0
AMGEN INC	COM	031162100	234	1,255	SH		SOLE		1,255	0	0
ANIXTER INTERNATIONAL INC	COM	035290105	41,143	484,032	SH		SOLE		441,848	0	42,184
ANNALY CAPITAL MANAGMENT INC	COM	035710409	144	11,795	SH		SOLE		11,795	0	0
APOLLO GLOBAL MANAGEMENT-A	COM	037612306	8,732	290,089	SH		DFND	2	290,089	0	0
ARC DOCUMENT SOLUTIONS INC	COM	00191G103	13,799	3,373,756	SH		SOLE		3,081,302	0	292,454
ARGO GROUP INTERNATIONAL	COM	G0464B107	36,575	594,713	SH		SOLE		543,851	0	50,862
ARROW ELECTRONICS INC	COM	042735100	24,499	304,670	SH		SOLE		466	0	304,204
ASPEN INSURANCE HOLDINGS LTD	COM	G05384105	68,177	1,687,551	SH		SOLE		1,127,579	0	559,972
ASSOCIATED BANC CORP	COM	045487105	59,015	2,433,590	SH		SOLE		2,217,651	0	215,939
AT&T INC	COM	00206R102	32,302	824,665	SH		SOLE		9,440	0	815,225
AVANGRID INC	COM	05351W103	81,619	1,721,190	SH		SOLE		16,750	0	1,704,440
AVIS BUDGET GROUP INC	COM	053774105	37,704	990,635	SH		SOLE		904,253	0	86,382
AVNET INC	COM	053807103	320,453	8,154,011	SH		DFND	2	4,190,744	0	3,963,267
AXIS CAPITAL HOLDINGS LTD	COM	G0692U109	262,259	4,576,149	SH		DFND	1,2	1,611,150	0	2,964,999
BAIDU INC - SPON ADR	COM	056752108	10,118	40,850	SH		OTR		0	0	40,850
BAIDU INC - SPON ADR	COM	056752108	93,618	377,964	SH		SOLE		200,365	0	177,599
BAKER HUGHES A GE CO	COM	05722G100	21,256	580,451	SH		SOLE		5,825	0	574,626
BANK OF AMERICA CORP	COM	060505104	497,383	19,628,386	SH		DFND	1	9,168,689	0	10,459,697
BP PLC - SPONS ADR	COM	055622104	238,032	6,193,921	SH		DFND	1	2,234,946	0	3,958,975
BRIGHTHOUSE FINANCIAL INC	COM	10922N103	30,296	498,285	SH		DFND	1	225,426	0	272,859
BROWN & BROWN INC	COM	115236101	352	7,295	SH		SOLE		7,295	0	0
CAPITAL ONE FINL CORP	COM	14040H105	388,497	4,588,908	SH		DFND	1	2,364,328	0	2,224,580
CARDINAL HEALTH INC	COM	14149Y108	120,892	1,806,522	SH		DFND	2	182,435	0	1,624,087
CENOVUS ENERGY INC.	COM	15135U109	234,848	23,437,925	SH		DFND	1,2	10,529,655	0	12,908,270
CHART INDUSTRIES INC	COM	16115Q308	53,093	1,353,367	SH		SOLE		1,238,203	0	115,164
CHUBB LTD	COM	H1467J104	364	2,551	SH		SOLE		2,551	0	0
CIGNA CORP	COM	125509109	252,446	1,350,411	SH		DFND	1	440,355	0	910,056
CISCO SYSTEMS INC	COM	17275R102	84,648	2,517,046	SH		SOLE		862,671	0	1,654,375
CITIGROUP INC	COM	172967424	605,297	8,321,384	SH		DFND	1	4,087,227	0	4,234,157
CITIZENS FINANCIAL GROUP	COM	174610105	59,094	1,560,442	SH		SOLE		18,222	0	1,542,220
COGNIZANT TECH SOLUTIONS - A	COM	192446102	502,343	6,925,051	SH		DFND	1	3,693,996	0	3,231,055
COMERICA INC	COM	200340107	56,855	745,540	SH		DFND	2	110,390	0	635,150
CONOCOPHILLIPS	COM	20825C104	72,217	1,442,900	SH		SOLE		11,633	0	1,431,267
CORNING INC	COM	219350105	21,340	713,246	SH		SOLE		713,246	0	0
CUBIC CORP	COM	229669106	48,248	946,046	SH		SOLE		863,191	0	82,855
CVS HEALTH CORPORATION	COM	126650100	56,914	699,872	SH		SOLE		11,682	0	688,190
DIAMONDROCK HOSPITALITY CO.	COM	252784301	12,042	1,099,717	SH		SOLE		1,010,109	0	89,608
DIEBOLD NIXDORF INC	COM	253651103	42,254	1,849,198	SH		SOLE		1,686,158	0	163,040
DIODES INC.	COM	254543101	1,355	45,273	SH		SOLE		32,208	0	13,065
DOVER CORP	COM	260003108	513,046	5,613,811	SH		DFND	1,2	2,444,000	0	3,169,811
DXC TECHNOLOGY COMPANY	COM	23355L106	12,250	142,637	SH		SOLE		104	0	142,533
EDISON INTERNATIONAL	COM	281020107	137,553	1,782,467	SH		DFND	2	171,417	0	1,611,050
ENTERGY CORP	COM	29364G103	28,273	370,263	SH		SOLE		2,761	0	367,502
ESSENDANT INC	COM	296689102	56,961	4,325,038	SH		SOLE		3,967,381	0	357,657
EVEREST RE GROUP LTD	COM	G3223R108	20,806	91,099	SH		SOLE		74	0	91,025
EXPRESS SCRIPTS HOLDING CO	COM	30219G108	222,241	3,509,800	SH		DFND	1	1,496,911	0	2,012,889
EXXON MOBIL CORP	COM	30231G102	341,380	4,164,184	SH		DFND	1	1,440,630	0	2,723,554
FIFTH THIRD BANCORP	COM	316773100	88,561	3,165,147	SH		SOLE		25,563	0	3,139,584
FIRST MIDWEST BANCORP INC	COM	320867104	31,052	1,325,864	SH		SOLE		1,215,263	0	110,601
FLEX LTD	COM	Y2573F102	73,372	4,427,995	SH		DFND	2	1,449,382	0	2,978,613
FORD MOTOR COMPANY	COM	345370860	304,155	25,409,816	SH		DFND	1	10,355,608	0	15,054,208
FRANKLIN RESOURCES INC.	COM	354613101	460,374	10,343,161	SH		DFND	1,2	4,571,808	0	5,771,353
GENERAL CABLE CORP DEL NE	COM	369300108	33,022	1,751,815	SH		SOLE		1,599,708	0	152,107
GENWORTH FINANCIAL INC CL A	COM	37247D106	15,272	3,966,700	SH		SOLE		1,588,050	0	2,378,650
GENPACT LTD	COM	G3922B107	75,875	2,639,134	SH		DFND	2	914,852	0	1,724,282
GIBRALTAR INDUSTRIES INC	COM	374689107	57,716	1,852,838	SH		SOLE		1,696,207	0	156,631
GILEAD SCIENCES INC	COM	375558103	232	2,869	SH		SOLE		2,869	0	0
GOLDMAN SACHS GROUP INC	COM	38141G104	332,894	1,403,492	SH		DFND	1	596,428	0	807,064
HALLIBURTON CO	COM	406216101	186,520	4,052,148	SH		DFND	1	1,870,583	0	2,181,565
HANOVER INSURANCE GROUP	COM	410867105	72,351	746,426	SH		DFND	2	377,490	0	368,936
HEWLETT PACKARD ENTERPRISE COMPANY	COM	42824C109	552,520	37,560,840	SH		DFND	1,2	19,402,746	0	18,158,094
HILTON WORLDWIDE HOLDINGS INC	COM	43300A203	289,695	4,171,275	SH		DFND	1,2	1,460,908	0	2,710,367
HOPE BANCORP INC	COM	43940T109	43,025	2,429,412	SH		SOLE		2,220,881	0	208,531
HOSPITALITY PROPERTIES TRUST	COM	44106M102	16,716	586,728	SH		SOLE		2,928	0	583,800
HP INC	COM	40434L105	109,852	5,503,587	SH		DFND	1,2	3,078,916	0	2,424,671
INGREDION INC	COM	457187102	366	3,033	SH		SOLE		3,033	0	0
INSIGHT ENTERPRISES INC	COM	45765U103	39,376	857,501	SH		SOLE		787,012	0	70,489
INTEL CORPORATION	COM	458140100	234	6,152	SH		SOLE		6,152	0	0
INTERPUBLIC GROUP OF COS INC	COM	460690100	186,377	8,964,724	SH		DFND	1,2	3,610,164	0	5,354,560
NVESCO LTD	COM	G491BT108	87,991	2,511,163	SH		DFND	2	313,988	0	2,197,175
JABIL CIRCUIT INC	COM	466313103	20,355	712,955	SH		SOLE		1,065	0	711,890
JELD-WEN HOLDING INC	COM	47580P103	139,467	3,926,448	SH		DFND	2	1,873,983	0	2,052,465
JP MORGAN CHASE & CO	COM	46625H100	392,712	4,111,732	SH		DFND	1	1,527,564	0	2,584,168
KBR INC	COM	48242W106	71,316	3,988,595	SH		DFND	2	1,833,507	0	2,155,088
KELLOGG COMPANY	COM	487836108	60,562	971,006	SH		SOLE		8,581	0	962,425
KEY CORP	COM	493267108	128,852	6,846,555	SH		DFND	2	660,505	0	6,186,050
KKR & CO LP	COM	48248M102	11,556	568,442	SH		DFND	2	568,442	0	0
KOHLS CORP	COM	500255104	15,844	347,073	SH		SOLE		3,598	0	343,475
L3 TECHNOLOGIES, INC.	COM	502413107	31,663	168,036	SH		SOLE		1,986	0	166,050
LAMAR ADVERTISING CO -A	COM	512816109	108,993	1,590,436	SH		DFND	2	336,593	0	1,253,843
LEGG MASON INC	COM	524901105	25,150	639,775	SH		SOLE		0	0	639,775
LUKOIL PJSC - SPON ADR	COM	69343P105	867	16,350	SH		SOLE		16,350	0	0
MASONITE INTERNATIONAL CORP	COM	575385109	59,421	858,682	SH		SOLE		786,183	0	72,499
MCKESSON CORPORATION	COM	58155Q103	377,655	2,458,531	SH		DFND	1	1,413,512	0	1,045,019
MERCK & CO INC	COM	58933Y105	97,323	1,519,959	SH		SOLE		236,918	0	1,283,041
METLIFE INC	COM	59156R108	290,752	5,596,775	SH		DFND	1	2,566,621	0	3,030,154
MICRO FOCUS INTL-SPN ADR	COM	594837304	139,947	4,387,043	SH		DFND	1,2	2,192,884	0	2,194,159
MICROSOFT CORP	COM	594918104	94,967	1,274,898	SH		SOLE		52,023	0	1,222,875
MORGAN STANLEY	COM	617446448	434,880	9,028,020	SH		DFND	1	4,459,259	0	4,568,761
MURPHY OIL CORP	COM	626717102	255,223	9,609,282	SH		DFND	1,2	4,236,732	0	5,372,550
MYLAN NV	COM	N59465109	712,770	22,721,384	SH		DFND	1,2	11,219,587	0	11,501,797
NEWS CORP - CLASS A	COM	65249B109	310,036	23,381,277	SH		DFND	1,2	12,691,994	0	10,689,283
NEWS CORP - CLASS B	COM	65249B208	7,468	547,085	SH		SOLE		176,010	0	371,075
OMEGA HEALTHCARE INVESTORS	COM	681936100	223	6,989	SH		SOLE		6,989	0	0
OMNICOM GROUP	COM	681919106	469,848	6,343,295	SH		DFND	1,2	2,907,159	0	3,436,136
ON SEMICONDUCTOR CORP	COM	682189105	106,884	5,786,917	SH		DFND	2	2,298,515	0	3,488,402
ORACLE CORP	COM	68389X105	480,456	9,937,040	SH		DFND	1	4,797,111	0	5,139,929
OWENS & MINOR INC	COM	690732102	47,233	1,617,568	SH		SOLE		1,476,458	0	141,110
PARKER HANNIFIN CORPORATION	COM	701094104	155,866	890,562	SH		DFND	1	224,276	0	666,286
PFIZER INC	COM	717081103	143,095	4,008,274	SH		SOLE		771,857	0	3,236,417
PG&E CORP	COM	69331C108	21,313	313,010	SH		SOLE		585	0	312,425
PLY GEM HOLDINGS INC	COM	72941W100	33,289	1,952,430	SH		SOLE		1,788,385	0	164,045
POSCO - ADR	COM	693483109	6,489	93,495	SH		SOLE		93,495	0	0
PREMIER INC CLASS A	COM	74051N102	342	10,508	SH		SOLE		10,508	0	0
PROGRESSIVE CORP	COM	743315103	23,990	495,450	SH		SOLE		225	0	495,225
QUALCOMM INC	COM	747525103	38,557	743,776	SH		SOLE		10,751	0	733,025
REGIONS FINL CORP	COM	7591EP100	179,985	11,817,778	SH		DFND	2	882,254	0	10,935,524
ROWAN COMPANIES PLC - A	COM	G7665A101	12,808	996,725	SH		SOLE		0	0	996,725
ROYAL DUTCH SHELL PLC ADR	COM	780259206	455,626	7,521,061	SH		DFND	1	2,743,155	0	4,777,906
RYDER SYSTEM INC.	COM	783549108	47,625	563,280	SH		DFND	2	108,826	0	454,454
SCANSOURCE INC	COM	806037107	57,528	1,317,928	SH		SOLE		1,205,512	0	112,416
SEAGATE TECHNOLOGY	COM	G7945M107	104,104	3,138,486	SH		DFND	1,2	845,992	0	2,292,494
SHINHAN FINANCIAL GROUP - ADR	COM	824596100	3,448	77,844	SH		SOLE		77,844	0	0
SOUTHERN CO	COM	842587107	383	7,800	SH		SOLE		7,800	0	0
STANLEY BLACK & DECKER INC	COM	854502101	131,088	868,306	SH		DFND	1	243,531	0	624,775
STATE STREET CORP	COM	857477103	265,865	2,782,766	SH		DFND	1	1,212,317	0	1,570,449
STONERIDGE INC	COM	86183P102	17,074	861,904	SH		SOLE		787,888	0	74,016
SUPERIOR ENERGY SERVICES INC	COM	868157108	45,208	4,232,913	SH		DFND	2	1,747,504	0	2,485,409
SYNOVUS FINANCIAL CORP	COM	87161C501	53,830	1,168,695	SH		SOLE		835,563	0	333,132
TAIWAN SEMICONDUCTOR - SP ADR	COM	874039100	6,432	171,283	SH		SOLE		171,283	0	0
TAIWAN SEMICONDUCTOR - SP ADR	COM	874039100	13,694	364,675	SH		OTR		0	0	364,675
TCF FINANCIAL CORP	COM	872275102	26,309	1,543,959	SH		SOLE		1,395,595	0	148,364
TECHNIPFMC PLC	COM	G87110105	35,510	1,271,841	SH		DFND	2	251,468	0	1,020,373
TE CONNECTIVITY LTD.	COM	H84989104	60,603	729,627	SH		SOLE		8,603	0	721,024
TELEFONICA BRASIL - ADR	COM	87936R106	5,917	373,575	SH		OTR		0	0	373,575
TELEFONICA BRASIL - ADR	COM	87936R106	54,871	3,464,077	SH		SOLE		1,853,823	0	1,610,254
TEREX CORP	COM	880779103	203,592	4,522,248	SH		DFND	2	1,786,036	0	2,736,212
THE HARTFORD FINANCIAL SERVICES GROUP INC	COM	416515104	17,427	314,390	SH		SOLE		590	0	313,800
TORCHMARK CORP	COM	891027104	26,418	329,857	SH		DFND	2	50,423	0	279,434
TRIMAS CORP	COM	896215209	66,681	2,469,675	SH		SOLE		2,239,211	0	230,464
TRIPLE-S MANAGEMENT CORP-B	COM	896749108	46,015	1,943,218	SH		SOLE		1,775,236	0	167,982
UBS GROUP AG	COM	H42097107	189,912	11,073,595	SH		DFND	1	4,968,037	0	6,105,558
UNIVERSAL CORP	COM	913456109	24,825	433,248	SH		SOLE		413,177	0	20,071
VALIDUS HOLDINGS LTD	COM	G9319H102	33,909	689,064	SH		DFND	2	147,139	0	541,925
VERIFONE SYSTEMS INC	COM	92342Y109	50,081	2,469,466	SH		SOLE		2,256,548	0	212,918
VIRTUSA CORP	COM	92827P102	9,708	256,969	SH		SOLE		231,973	0	24,996
VISTRA ENERGY CORP	COM	92840M102	367	19,628	SH		SOLE		19,628	0	0
VOYA FINANCIAL INC.	COM	929089100	511,106	12,812,884	SH		DFND	1,2	5,495,456	0	7,317,428
WAL-MART STORES	COM	931142103	406,450	5,201,567	SH		DFND	1	2,666,174	0	2,535,393
WEBSTER FINANCIAL CORP.	COM	947890109	81,102	1,543,338	SH		DFND	2	847,044	0	696,294
WELLS FARGO CO	COM	949746101	304,310	5,517,855	SH		DFND	1	2,310,646	0	3,207,209
WESCO AIRCRAFT HOLDINGS INC	COM	950814103	14,658	1,559,373	SH		SOLE		1,422,464	0	136,909
WILLIS TOWERS WATSON PLC	COM	G96629103	194,799	1,263,039	SH		DFND	2	355,496	0	907,543
WSFS FINANCIAL CORP	COM	929328102	7,867	161,373	SH		SOLE		146,748	0	14,625
XL GROUP LTD	COM	G98294104	202,601	5,135,631	SH		SOLE		1,946,703	0	3,188,928
ZIMMER BIOMET HOLDINGS INC	COM	98956P102	237	2,023	SH		SOLE		2,023	0	0