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	125,913	4,290,049	SH		SOLE		2,336,955	0	1,953,094
AECOM	COM	00766T100	77,629	2,350,270	SH		DFND	2	625,771	0	1,724,499
ALLEGHANY CORP	COM	017175100	474	825	SH		SOLE		825	0	0
ALLSTATE CORP	COM	020002101	57,502	630,026	SH		DFND	2	69,747	0	560,279
AMDOCS LTD	COM	G02602103	566	8,557	SH		SOLE		8,557	0	0
AMERICAN EQUITY INVT LIFE	COM	025676206	51,873	1,440,920	SH		SOLE		1,296,863	0	144,057
AMERICAN INTERNATIONAL GROUP	COM	026874784	465,419	8,778,185	SH		DFND	1	4,104,154	0	4,674,031
AMGEN INC	COM	031162100	291,301	1,578,099	SH		DFND	1	496,036	0	1,082,063
ANIXTER INTERNATIONAL INC	COM	035290105	123,918	1,957,635	SH		DFND	2	1,067,429	0	890,206
APOLLO GLOBAL MANAGEMENT-A	COM	037612306	11,028	346,032	SH		DFND	2	346,032	0	0
ARC DOCUMENT SOLUTIONS INC	COM	00191G103	3,592	2,029,126	SH		SOLE		1,839,887	0	189,239
ARGO GROUP INTERNATIONAL	COM	G0464B107	34,230	588,657	SH		SOLE		526,922	0	61,735
ARROW ELECTRONICS INC	COM	042735100	22,926	304,547	SH		SOLE		343	0	304,204
ASPEN INSURANCE HOLDINGS LTD	COM	G05384105	60,288	1,481,269	SH		SOLE		921,785	0	559,484
ASSOCIATED BANC CORP	COM	045487105	61,142	2,239,624	SH		SOLE		2,008,869	0	230,755
AT&T INC	COM	00206R102	27,226	847,883	SH		SOLE		32,349	0	815,534
AUTOZONE INC.	COM	053332102	299	445	SH		SOLE		445	0	0
AVANGRID INC	COM	05351W103	93,620	1,768,747	SH		SOLE		63,723	0	1,705,024
AVIS BUDGET GROUP INC	COM	053774105	63,930	1,967,077	SH		DFND	2	1,168,976	0	798,101
AVNET INC	COM	053807103	387,516	9,035,108	SH		DFND	2	4,854,358	0	4,180,750
AXA EQUITABLE HOLDINGS INC	COM	054561105	242,178	11,750,490	SH		DFND	1,2	3,949,497	0	7,800,993
AXIS CAPITAL HOLDINGS LTD	COM	G0692U109	365,420	6,569,931	SH		DFND	1,2	2,778,022	0	3,791,909
BAIDU INC - SPON ADR	COM	056752108	12,508	51,473	SH		OTR		0	0	51,473
BAIDU INC - SPON ADR	COM	056752108	80,799	332,508	SH		SOLE		215,194	0	117,314
BAKER HUGHES A GE CO	COM	05722G100	14,480	438,379	SH		SOLE		33,924	0	404,455
BANK OF AMERICA CORP	COM	060505104	462,411	16,403,367	SH		DFND	1	7,893,819	0	8,509,548
BIOGEN INC	COM	09062X103	520	1,790	SH		SOLE		1,790	0	0
BOOKING HOLDINGS INC	COM	09857L108	673	332	SH		SOLE		332	0	0
BP PLC - SPONS ADR	COM	055622104	238,876	5,231,617	SH		DFND	1	1,988,157	0	3,243,460
BRIGHTHOUSE FINANCIAL INC	COM	10922N103	7,496	187,061	SH		SOLE		2,141	0	184,920
CAPITAL ONE FINL CORP	COM	14040H105	499,711	5,437,557	SH		DFND	1	2,749,060	0	2,688,497
CARDINAL HEALTH INC	COM	14149Y108	143,176	2,932,134	SH		DFND	1,2	896,553	0	2,035,581
CARLISLE COS INC	COM	142339100	78,331	723,214	SH		DFND	2	151,887	0	571,327
CARTERS INC	COM	146229109	420	3,872	SH		SOLE		3,872	0	0
CELESTICA INC.	COM	15101Q108	33,321	2,807,149	SH		SOLE		2,521,286	0	285,863
CELGENE CORP	COM	151020104	359	4,518	SH		SOLE		4,518	0	0
CENOVUS ENERGY INC.	COM	15135U109	219,792	21,174,613	SH		DFND	1,2	10,125,498	0	11,049,115
CHARLES RIVER LABORATORIES	COM	159864107	250	2,225	SH		SOLE		2,225	0	0
CHART INDUSTRIES INC	COM	16115Q308	22,918	371,555	SH		SOLE		334,996	0	36,559
CIGNA CORP	COM	125509109	62,687	368,856	SH		SOLE		119,197	0	249,659
CISCO SYSTEMS INC	COM	17275R102	118,764	2,760,019	SH		SOLE		1,105,188	0	1,654,831
CITIGROUP INC	COM	172967424	530,071	7,920,962	SH		DFND	1	4,055,101	0	3,865,861
CITIZENS FINANCIAL GROUP	COM	174610105	1,011	25,992	SH		SOLE		25,992	0	0
CHINA MOBILE LTD-SPON ADR	COM	16941M109	910	20,500	SH		OTR		0	0	20,500
COGNIZANT TECH SOLUTIONS - A	COM	192446102	501,124	6,344,149	SH		DFND	1	3,537,007	0	2,807,142
COMERICA INC	COM	200340107	21,847	240,292	SH		SOLE		0	0	240,292
CONOCOPHILLIPS	COM	20825C104	28,884	414,882	SH		SOLE		9,711	0	405,171
CUBIC CORP	COM	229669106	23,187	361,173	SH		SOLE		325,253	0	35,920
CVS HEALTH CORPORATION	COM	126650100	46,511	722,786	SH		SOLE		34,313	0	688,473
DIAMONDROCK HOSPITALITY CO.	COM	252784301	13,169	1,072,425	SH		SOLE		968,165	0	104,260
DIEBOLD NIXDORF INC	COM	253651103	40,881	3,420,967	SH		SOLE		3,074,521	0	346,446
DOVER CORP	COM	260003108	420,382	5,742,918	SH		DFND	1,2	2,703,786	0	3,039,132
EDISON INTERNATIONAL	COM	281020107	495,809	7,836,404	SH		DFND	1,2	3,249,680	0	4,586,724
ENTERGY CORP	COM	29364G103	30,775	380,920	SH		SOLE		13,293	0	367,627
ESSENDANT INC	COM	296689102	65,310	4,940,224	SH		SOLE		4,454,925	0	485,299
EVEREST RE GROUP LTD	COM	G3223R108	20,979	91,025	SH		SOLE		0	0	91,025
EVERTEC INC	COM	30040P103	25,854	1,183,250	SH		SOLE		1,065,418	0	117,832
EXPRESS SCRIPTS HOLDING CO	COM	30219G108	239,625	3,103,548	SH		DFND	1	1,436,844	0	1,666,704
EXXON MOBIL CORP	COM	30231G102	373,328	4,512,607	SH		DFND	1	1,781,177	0	2,731,430
FACEBOOK INC - A	COM	30303M102	622	3,201	SH		SOLE		3,201	0	0
FIFTH THIRD BANCORP	COM	316773100	116,973	4,075,715	SH		DFND	2	479,827	0	3,595,888
FIRST MIDWEST BANCORP INC	COM	320867104	31,732	1,245,852	SH		SOLE		1,124,926	0	120,926
FLEX LTD	COM	Y2573F102	5,715	405,057	SH		OTR		0	0	405,057
FLEX LTD	COM	Y2573F102	59,923	4,246,828	SH		SOLE		1,307,834	0	2,938,994
FOOT LOCKER INC	COM	344849104	30,558	580,404	SH		DFND	2	160,890	0	419,514
FORD MOTOR COMPANY	COM	345370860	472,208	42,656,575	SH		DFND	1	16,618,781	0	26,037,794
FRANKLIN RESOURCES INC.	COM	354613101	337,545	10,531,839	SH		DFND	1,2	4,846,958	0	5,684,881
GENERAL ELECTRIC CO	COM	369604103	232,025	17,048,137	SH		DFND	1	6,118,521	0	10,929,616
GENPACT LTD	COM	G3922B107	5,524	190,929	SH		OTR		0	0	190,929
GENPACT LTD	COM	G3922B107	74,228	2,565,776	SH		DFND	2	1,020,575	0	1,545,201
GIBRALTAR INDUSTRIES INC	COM	374689107	58,871	1,569,893	SH		SOLE		1,410,155	0	159,738
GOLDMAN SACHS GROUP INC	COM	38141G104	264,375	1,198,597	SH		DFND	1	506,196	0	692,401
HALLIBURTON CO	COM	406216101	171,550	3,807,157	SH		DFND	1	1,764,630	0	2,042,527
HANOVER INSURANCE GROUP	COM	410867105	70,067	586,038	SH		DFND	2	357,470	0	228,568
HCP INC	COM	40414L109	764	29,591	SH		SOLE		29,591	0	0
HEWLETT PACKARD ENTERPRISE COMPANY	COM	42824C109	496,796	34,003,860	SH		DFND	1,2	17,826,857	0	16,177,003
HOPE BANCORP INC	COM	43940T109	53,822	3,018,616	SH		SOLE		2,710,547	0	308,069
HOSPITALITY PROPERTIES TRUST	COM	44106M102	16,901	590,723	SH		SOLE		6,923	0	583,800
HP INC	COM	40434L105	43,598	1,921,477	SH		DFND	1	1,673,626	0	247,851
ICICI BANK LTD - SPON ADR	COM	45104G104	7,460	928,984	SH		OTR		0	0	928,984
ICICI BANK LTD - SPON ADR	COM	45104G104	12,527	1,559,996	SH		SOLE		1,484,085	0	75,911
INGREDION INC	COM	457187102	622	5,615	SH		SOLE		5,615	0	0
INSIGHT ENTERPRISES INC	COM	45765U103	43,066	880,153	SH		SOLE		790,314	0	89,839
INTERPUBLIC GROUP OF COS INC	COM	460690100	389,829	16,630,916	SH		DFND	1,2	8,003,429	0	8,627,487
INVESCO LTD	COM	G491BT108	69,589	2,620,054	SH		DFND	2	422,508	0	2,197,546
ISHARES MSCI SOUTH KOREA ETF	COM	464286772	6,012	88,787	SH		SOLE		88,787	0	0
ISHARES MSCI TAIWAN CAPPED ETF	COM	46434G772	4,528	125,790	SH		SOLE		125,790	0	0
JABIL CIRCUIT INC	COM	466313103	19,715	712,758	SH		SOLE		868	0	711,890
JELD-WEN HOLDING INC	COM	47580P103	194,191	6,792,253	SH		DFND	2	2,871,527	0	3,920,726
JONES LANG LASALLE INC	COM	48020Q107	491	2,958	SH		SOLE		2,958	0	0
JP MORGAN CHASE & CO	COM	46625H100	352,267	3,380,686	SH		DFND	1	1,331,557	0	2,049,129
KBR INC	COM	48242W106	66,399	3,705,325	SH		DFND	2	1,740,712	0	1,964,613
KELLOGG COMPANY	COM	487836108	69,433	993,749	SH		SOLE		31,024	0	962,725
KEY CORP	COM	493267108	137,844	7,054,444	SH		DFND	2	867,422	0	6,187,022
KKR & CO LP	COM	48248M102	15,930	641,030	SH		DFND	2	641,030	0	0
KOHLS CORP	COM	500255104	25,229	346,078	SH		SOLE		2,603	0	343,475
L3 TECHNOLOGIES, INC.	COM	502413107	32,869	170,909	SH		SOLE		4,807	0	166,102
LAMAR ADVERTISING CO -A	COM	512816109	687	10,061	SH		SOLE		10,061	0	0
LEGG MASON INC	COM	524901105	22,219	639,775	SH		SOLE		0	0	639,775
LUKOIL PJSC - SPON ADR	COM	69343P105	587	8,519	SH		SOLE		8,519	0	0
MASONITE INTERNATIONAL CORP	COM	575385109	71,997	1,002,048	SH		SOLE		911,000	0	91,048
MCKESSON CORPORATION	COM	58155Q103	378,417	2,836,710	SH		DFND	1	1,665,622	0	1,171,088
MEDNAX INC	COM	58502B106	99,535	2,299,800	SH		DFND	2	477,628	0	1,822,172
MERCK & CO INC	COM	58933Y105	297,693	4,904,336	SH		DFND	1	2,204,322	0	2,700,014
METLIFE INC	COM	59156R108	362,525	8,314,788	SH		DFND	1	3,760,182	0	4,554,606
MICRO FOCUS INTL-SPN ADR	COM	594837304	73,351	4,247,315	SH		DFND	1,2	2,208,154	0	2,039,161
MICROSOFT CORP	COM	594918104	32,272	327,267	SH		SOLE		16,989	0	310,278
MOLINA HEALTHCARE INC	COM	60855R100	292	2,979	SH		SOLE		2,979	0	0
MORGAN STANLEY	COM	617446448	390,920	8,247,266	SH		DFND	1	4,164,827	0	4,082,439
MURPHY OIL CORP	COM	626717102	264,769	7,840,371	SH		DFND	1,2	3,406,852	0	4,433,519
MYLAN NV	COM	N59465109	763,102	21,115,152	SH		DFND	1,2	10,492,869	0	10,622,283
NATIONAL OILWELL VARCO INC	COM	637071101	191,593	4,414,593	SH		DFND	1,2	1,434,004	0	2,980,589
NAVIGANT CONSULTING INC	COM	63935N107	37,791	1,706,924	SH		SOLE		1,532,896	0	174,028
NEWELL BRANDS INC.	COM	651229106	427,655	16,582,214	SH		DFND	1,2	8,166,253	0	8,415,961
NEWMARKET CORP	COM	651587107	321	794	SH		SOLE		794	0	0
NEWS CORP - CLASS A	COM	65249B109	345,215	22,271,937	SH		DFND	1,2	12,669,051	0	9,602,886
NEWS CORP - CLASS B	COM	65249B208	2,652	167,328	SH		SOLE		76,043	0	91,285
OMEGA HEALTHCARE INVESTORS	COM	681936100	524	16,911	SH		SOLE		16,911	0	0
OMNICOM GROUP	COM	681919106	556,853	7,301,076	SH		DFND	1,2	3,439,214	0	3,861,862
ORACLE CORP	COM	68389X105	503,296	11,422,967	SH		DFND	1	6,166,402	0	5,256,565
PARKER HANNIFIN CORPORATION	COM	701094104	51,551	330,770	SH		SOLE		12,888	0	317,882
PFIZER INC	COM	717081103	161,688	4,456,667	SH		SOLE		1,219,146	0	3,237,521
PG&E CORP	COM	69331C108	532	12,507	SH		SOLE		12,507	0	0
POSCO - ADR	COM	693483109	7,905	106,653	SH		SOLE		106,653	0	0
PRA HEALTH SCIENCES INC	COM	69354M108	521	5,583	SH		SOLE		5,583	0	0
PREMIER INC CLASS A	COM	74051N102	529	14,537	SH		SOLE		14,537	0	0
QUALCOMM INC	COM	747525103	39,943	711,742	SH		SOLE		12,190	0	699,552
REALOGY HOLDINGS CORP	COM	75605Y106	69,707	3,057,328	SH		DFND	2	1,629,227	0	1,428,101
REGIONS FINL CORP	COM	7591EP100	86,622	4,871,896	SH		DFND	2	766,171	0	4,105,725
ROWAN COMPANIES PLC - A	COM	G7665A101	16,167	996,725	SH		SOLE		0	0	996,725
ROYAL DUTCH SHELL PLC ADR	COM	780259206	415,835	6,006,566	SH		DFND	1	2,367,482	0	3,639,084
RYDER SYSTEM INC.	COM	783549108	149,916	2,086,223	SH		DFND	2	748,774	0	1,337,449
SCANSOURCE INC	COM	806037107	49,343	1,224,386	SH		SOLE		1,097,932	0	126,454
SHINHAN FINANCIAL GROUP - ADR	COM	824596100	3,199	83,124	SH		SOLE		83,124	0	0
SNAP-ON INC	COM	833034101	48,932	304,454	SH		DFND	2	67,746	0	236,708
SOUTHERN CO	COM	842587107	502	10,846	SH		SOLE		10,846	0	0
SPIRIT REALTY CAPITAL INC	COM	84860W102	99	12,328	SH		SOLE		12,328	0	0
SS&C TECHNOLOGIES HOLDINGS	COM	78467J100	596	11,485	SH		SOLE		11,485	0	0
STANLEY BLACK & DECKER INC	COM	854502101	50,885	383,145	SH		SOLE		14,388	0	368,757
STATE STREET CORP	COM	857477103	96,220	1,033,619	SH		DFND	1	379,178	0	654,441
STEELCASE INC - CL A	COM	858155203	45,815	3,393,731	SH		SOLE		3,048,855	0	344,876
SUPERIOR ENERGY SERVICES INC	COM	868157108	22,293	2,288,814	SH		SOLE		1,071,592	0	1,217,222
SYNOVUS FINANCIAL CORP	COM	87161C501	32,392	613,128	SH		SOLE		550,127	0	63,001
TAIWAN SEMICONDUCTOR - SP ADR	COM	874039100	6,262	171,283	SH		SOLE		171,283	0	0
TAIWAN SEMICONDUCTOR - SP ADR	COM	874039100	16,533	452,218	SH		OTR		0	0	452,218
TCF FINANCIAL CORP	COM	872275102	34,423	1,398,166	SH		SOLE		1,258,259	0	139,907
TECHNIPFMC PLC	COM	G87110105	64,870	2,043,789	SH		DFND	2	395,467	0	1,648,322
TELEFONICA BRASIL - ADR	COM	87936R106	8,296	698,913	SH		OTR		0	0	698,913
TELEFONICA BRASIL - ADR	COM	87936R106	56,975	4,799,925	SH		SOLE		2,917,202	0	1,882,723
TEREX CORP	COM	880779103	137,971	3,270,221	SH		DFND	2	1,263,197	0	2,007,024
THE HARTFORD FINANCIAL SERVICES GROUP INC	COM	416515104	21,690	424,208	SH		SOLE		0	0	424,208
TORCHMARK CORP	COM	891027104	22,757	279,538	SH		SOLE		104	0	279,434
TRIMAS CORP	COM	896215209	67,285	2,288,592	SH		SOLE		2,048,720	0	239,872
TRIPLE-S MANAGEMENT CORP-B	COM	896749108	52,585	1,346,254	SH		SOLE		1,207,160	0	139,094
UBS GROUP AG	COM	H42097107	165,328	10,777,590	SH		DFND	1	4,955,011	0	5,822,579
UNIVERSAL CORP	COM	913456109	42,582	644,690	SH		SOLE		604,694	0	39,996
VERIFONE SYSTEMS INC	COM	92342Y109	48,270	2,115,261	SH		SOLE		1,907,125	0	208,136
VOYA FINANCIAL INC.	COM	929089100	476,732	10,143,242	SH		DFND	1,2	4,479,416	0	5,663,826
WALMART INC	COM	931142103	293,028	3,421,223	SH		DFND	1	1,780,360	0	1,640,863
WEBSTER FINANCIAL CORP.	COM	947890109	80,878	1,269,670	SH		DFND	2	620,565	0	649,105
WELLS FARGO CO	COM	949746101	440,851	7,951,849	SH		DFND	1	4,046,744	0	3,905,105
WESCO AIRCRAFT HOLDINGS INC	COM	950814103	16,938	1,505,601	SH		SOLE		1,352,197	0	153,404
WILLIS TOWERS WATSON PLC	COM	G96629103	194,399	1,282,314	SH		DFND	2	401,842	0	880,472
WR BERKLEY CORP	COM	084423102	672	9,284	SH		SOLE		9,284	0	0
WSFS FINANCIAL CORP	COM	929328102	6,368	119,479	SH		SOLE		104,854	0	14,625
XL GROUP LTD	COM	G98294104	23,462	419,343	SH		SOLE		47,839	0	371,504
ZIMMER BIOMET HOLDINGS INC	COM	98956P102	509	4,567	SH		SOLE		4,567	0	0