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
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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	120,938	4,334,688	SH		SOLE		2,381,594	0	1,953,094
AECOM	COM	00766T100	79,190	2,424,679	SH		DFND	2	657,559	0	1,767,120
AKBANK TAS ADR	COM	009719501	1,633	727,200	SH		SOLE		727,200	0	0
ALLSTATE CORP	COM	020002101	62,121	629,391	SH		DFND	2	69,112	0	560,279
AMDOCS LTD	COM	G02602103	565	8,557	SH		SOLE		8,557	0	0
AMERICAN EQUITY INVT LIFE	COM	025676206	43,160	1,220,594	SH		SOLE		1,099,532	0	121,062
AMERICAN INTERNATIONAL GROUP	COM	026874784	473,226	8,888,538	SH		DFND	1	4,177,929	0	4,710,609
AMGEN INC	COM	031162100	325,767	1,571,550	SH		DFND	1	485,952	0	1,085,598
ANIXTER INTERNATIONAL INC	COM	035290105	137,845	1,960,806	SH		DFND	2	1,071,018	0	889,788
ANNALY CAPITAL MANAGMENT INC	COM	035710409	116	11,354	SH		SOLE		11,354	0	0
APOLLO GLOBAL MANAGEMENT-A	COM	037612306	10,436	302,057	SH		DFND	2	302,057	0	0
ARC DOCUMENT SOLUTIONS INC	COM	00191G103	5,755	2,026,325	SH		SOLE		1,837,086	0	189,239
ARGO GROUP INTERNATIONAL	COM	G0464B107	36,903	585,301	SH		SOLE		523,429	0	61,872
ARROW ELECTRONICS INC	COM	042735100	22,451	304,547	SH		SOLE		343	0	304,204
ASPEN INSURANCE HOLDINGS LTD	COM	G05384105	71,482	1,710,089	SH		SOLE		1,121,780	0	588,309
ASSOCIATED BANC CORP	COM	045487105	57,298	2,203,770	SH		SOLE		1,973,015	0	230,755
AT&T INC	COM	00206R102	28,474	847,952	SH		SOLE		32,349	0	815,603
AUTOZONE INC.	COM	053332102	372	479	SH		SOLE		479	0	0
AVANGRID INC	COM	05351W103	84,792	1,769,086	SH		SOLE		63,857	0	1,705,229
AVIS BUDGET GROUP INC	COM	053774105	82,858	2,578,026	SH		DFND	2	1,465,589	0	1,112,437
AVNET INC	COM	053807103	363,367	8,116,307	SH		DFND	2	4,655,572	0	3,460,735
AXA EQUITABLE HOLDINGS INC	COM	054561105	302,529	14,103,921	SH		DFND	1,2	4,698,962	0	9,404,959
AXIS CAPITAL HOLDINGS LTD	COM	G0692U109	395,403	6,851,545	SH		DFND	1,2	3,037,925	0	3,813,620
BAIDU INC - SPON ADR	COM	056752108	8,100	35,420	SH		OTR		0	0	35,420
BAIDU INC - SPON ADR	COM	056752108	81,273	355,399	SH		SOLE		240,843	0	114,556
BANGKOK BANK PCL - UNSPON ADR	COM	059893107	1,699	51,748	SH		SOLE		51,748	0	0
BANK DANAMON INDON-UNSP ADR	COM	69369X107	1,344	139,100	SH		SOLE		139,100	0	0
BAKER HUGHES A GE CO	COM	05722G100	14,832	438,440	SH		SOLE		33,924	0	404,516
BANK OF AMERICA CORP	COM	060505104	476,237	16,165,550	SH		DFND	1	7,704,210	0	8,461,340
BIOGEN INC	COM	09062X103	659	1,864	SH		SOLE		1,864	0	0
BOOKING HOLDINGS INC	COM	09857L108	673	339	SH		SOLE		339	0	0
BP PLC - SPONS ADR	COM	055622104	240,260	5,211,715	SH		DFND	1	1,968,088	0	3,243,627
BRISTOW GROUP INC	COM	110394103	1,202	99,108	SH		SOLE		99,108	0	0
CAPITAL ONE FINL CORP	COM	14040H105	517,838	5,454,942	SH		DFND	1	2,750,091	0	2,704,851
CARDINAL HEALTH INC	COM	14149Y108	140,182	2,595,962	SH		DFND	1,2	560,293	0	2,035,669
CARLISLE COS INC	COM	142339100	71,168	584,301	SH		DFND	2	123,667	0	460,634
CARTERS INC	COM	146229109	382	3,872	SH		SOLE		3,872	0	0
CBRE GROUP INC A	COM	12504L109	226	5,123	SH		SOLE		5,123	0	0
CELESTICA INC.	COM	15101Q108	46,085	4,255,292	SH		SOLE		3,821,144	0	434,148
CELGENE CORP	COM	151020104	404	4,518	SH		SOLE		4,518	0	0
CENOVUS ENERGY INC.	COM	15135U109	198,584	19,798,979	SH		DFND	1,2	8,744,394	0	11,054,585
CEZ AS - ADR	COM	157214305	2,651	207,400	SH		SOLE		207,400	0	0
CHARLES RIVER LABORATORIES	COM	159864107	755	5,615	SH		SOLE		5,615	0	0
CHINA AGRI-INDUSTRIES-UN ADR	COM	168924108	2,526	327,200	SH		SOLE		327,200	0	0
CHINA CONSTRUCTION UNSPON ADR	COM	168919108	1,160	66,500	SH		SOLE		66,500	0	0
CHINA DONGXIANG GRP-UNSP ADR	COM	16947S100	537	64,100	SH		SOLE		64,100	0	0
CHINA MOBILE LTD-SPON ADR	COM	16941M109	4,565	93,300	SH		SOLE		93,300	0	0
CHINA SHENHUA UNSPON ADR	COM	16942A302	1,156	126,700	SH		SOLE		126,700	0	0
CHINA RESOURCES-UNSPON ADR	COM	16943S104	3,120	117,600	SH		SOLE		117,600	0	0
CIGNA CORP	COM	125509109	76,110	365,475	SH		SOLE		115,816	0	249,659
CISCO SYSTEMS INC	COM	17275R102	133,889	2,752,085	SH		SOLE		1,097,222	0	1,654,863
CITIGROUP INC	COM	172967424	550,296	7,670,706	SH		DFND	1	3,807,038	0	3,863,668
CITIZENS FINANCIAL GROUP	COM	174610105	1,003	25,992	SH		SOLE		25,992	0	0
COGNIZANT TECH SOLUTIONS - A	COM	192446102	521,348	6,757,585	SH		DFND	1	3,919,257	0	2,838,328
COMERICA INC	COM	200340107	10,919	121,055	SH		SOLE		0	0	121,055
CONOCOPHILLIPS	COM	20825C104	32,071	414,360	SH		SOLE		9,189	0	405,171
CUBIC CORP	COM	229669106	12,414	169,939	SH		SOLE		151,743	0	18,196
CVS HEALTH CORPORATION	COM	126650100	56,606	719,080	SH		SOLE		30,574	0	688,506
DIAMONDROCK HOSPITALITY CO.	COM	252784301	13,807	1,183,133	SH		SOLE		1,039,524	0	143,609
DONGFENG MOTOR GRP-H-UNS ADR	COM	257738203	2,276	44,800	SH		SOLE		44,800	0	0
DOVER CORP	COM	260003108	466,850	5,273,351	SH		DFND	1,2	2,247,064	0	3,026,287
EDISON INTERNATIONAL	COM	281020107	605,722	8,949,790	SH		DFND	1,2	4,121,068	0	4,828,722
ENTERGY CORP	COM	29364G103	30,904	380,920	SH		SOLE		13,293	0	367,627
ESSENDANT INC	COM	296689102	57,600	4,493,015	SH		SOLE		4,086,896	0	406,119
EVEREST RE GROUP LTD	COM	G3223R108	20,796	91,025	SH		SOLE		0	0	91,025
EVERTEC INC	COM	30040P103	17,978	745,993	SH		SOLE		669,455	0	76,538
EXPRESS SCRIPTS HOLDING CO	COM	30219G108	290,176	3,054,162	SH		DFND	1	1,402,347	0	1,651,815
EXXON MOBIL CORP	COM	30231G102	396,011	4,657,853	SH		DFND	1	1,877,855	0	2,779,998
FIFTH THIRD BANCORP	COM	316773100	116,969	4,189,443	SH		DFND	2	593,434	0	3,596,009
FIRST MIDWEST BANCORP INC	COM	320867104	32,764	1,232,176	SH		SOLE		1,104,392	0	127,784
FLEX LTD	COM	Y2573F102	6,469	493,034	SH		OTR		0	0	493,034
FLEX LTD	COM	Y2573F102	77,171	5,881,910	SH		SOLE		2,510,000	0	3,371,910
FOOT LOCKER INC	COM	344849104	16,857	330,662	SH		DFND	2	97,612	0	233,050
FORD MOTOR COMPANY	COM	345370860	377,444	40,804,784	SH		DFND	1	14,423,588	0	26,381,196
FRANKLIN RESOURCES INC.	COM	354613101	272,543	8,962,292	SH		DFND	1,2	3,986,945	0	4,975,347
GENERAL ELECTRIC CO	COM	369604103	376,472	33,345,586	SH		DFND	1	16,384,094	0	16,961,492
GENERAL MOTORS CO	COM	37045V100	24,888	739,178	SH		SOLE		739,178	0	0
GENPACT LTD	COM	G3922B107	5,844	190,929	SH		OTR		0	0	190,929
GENPACT LTD	COM	G3922B107	80,383	2,626,034	SH		DFND	2	1,096,049	0	1,529,985
GIBRALTAR INDUSTRIES INC	COM	374689107	49,947	1,095,329	SH		SOLE		981,998	0	113,331
GOLDMAN SACHS GROUP INC	COM	38141G104	275,251	1,227,484	SH		DFND	1	530,478	0	697,006
GRAND BAOXIN AUTO - UNSP ADR	COM	38523M109	1,444	489,200	SH		SOLE		489,200	0	0
HALLIBURTON CO	COM	406216101	170,525	4,207,380	SH		DFND	1	2,083,036	0	2,124,344
HANOVER INSURANCE GROUP	COM	410867105	69,853	566,204	SH		DFND	2	337,636	0	228,568
HCP INC	COM	40414L109	699	26,570	SH		SOLE		26,570	0	0
HEWLETT PACKARD ENTERPRISE COMPANY	COM	42824C109	560,969	34,394,158	SH		DFND	1,2	18,153,394	0	16,240,764
HOLLYFRONTIER CORP	COM	436106108	301	4,307	SH		SOLE		4,307	0	0
HON HAI PRECISION INDUSTRY 144A ADR	COM	438090102	3,940	759,467	SH		SOLE		759,467	0	0
HOPE BANCORP INC	COM	43940T109	48,425	2,994,773	SH		SOLE		2,686,704	0	308,069
HOSPITALITY PROPERTIES TRUST	COM	44106M102	17,036	590,723	SH		SOLE		6,923	0	583,800
HP INC	COM	40434L105	48,755	1,891,940	SH		DFND	1	1,673,501	0	218,439
HUADIAN POWER INTL - UNSP ADR	COM	443297106	1,830	156,000	SH		SOLE		156,000	0	0
HYUNDAI MOTOR-GDR	COM	449187707	3,753	64,300	SH		SOLE		64,300	0	0
ICICI BANK LTD - SPON ADR	COM	45104G104	7,887	928,984	SH		OTR		0	0	928,984
ICICI BANK LTD - SPON ADR	COM	45104G104	16,896	1,990,140	SH		SOLE		1,901,933	0	88,207
INGREDION INC	COM	457187102	589	5,615	SH		SOLE		5,615	0	0
INSIGHT ENTERPRISES INC	COM	45765U103	47,019	869,267	SH		SOLE		779,428	0	89,839
INTERPUBLIC GROUP OF COS INC	COM	460690100	381,839	16,696,074	SH		DFND	1,2	8,251,872	0	8,444,202
INVESCO LTD	COM	G491BT108	84,473	3,692,021	SH		DFND	2	1,494,376	0	2,197,645
JABIL CIRCUIT INC	COM	466313103	19,301	712,758	SH		SOLE		868	0	711,890
JELD-WEN HOLDING INC	COM	47580P103	169,376	6,868,438	SH		DFND	2	2,883,546	0	3,984,892
JONES LANG LASALLE INC	COM	48020Q107	368	2,547	SH		SOLE		2,547	0	0
JP MORGAN CHASE & CO	COM	46625H100	381,873	3,384,202	SH		DFND	1	1,314,260	0	2,069,942
KB FINANCIAL GROUP INC - ADR	COM	48241A105	1,859	38,500	SH		SOLE		38,500	0	0
KBR INC	COM	48242W106	79,377	3,756,610	SH		DFND	2	1,783,838	0	1,972,772
KELLOGG COMPANY	COM	487836108	69,584	993,767	SH		SOLE		31,024	0	962,743
KEY CORP	COM	493267108	140,264	7,051,998	SH		DFND	2	864,879	0	6,187,119
KKR & CO INC	COM	48251W104	255,853	9,382,203	SH		DFND	1,2	3,271,245	0	6,110,958
L3 TECHNOLOGIES, INC.	COM	502413107	36,339	170,909	SH		SOLE		4,807	0	166,102
LAMAR ADVERTISING CO -A	COM	512816109	673	8,650	SH		SOLE		8,650	0	0
LEGG MASON INC	COM	524901105	19,980	639,775	SH		SOLE		0	0	639,775
LENOVO GROUP LTD ADR	COM	526250105	5,020	345,000	SH		SOLE		345,000	0	0
LG ELECTRONICS INC-GDR 144A	COM	50186Q103	531	16,600	SH		SOLE		16,600	0	0
LUKOIL PJSC - SPON ADR	COM	69343P105	4,045	52,919	SH		SOLE		52,919	0	0
MASONITE INTERNATIONAL CORP	COM	575385109	65,464	1,021,286	SH		SOLE		928,691	0	92,595
MCKESSON CORPORATION	COM	58155Q103	419,200	3,160,195	SH		DFND	1,2	1,950,120	0	1,210,075
MEDNAX INC	COM	58502B106	151,837	3,254,122	SH		DFND	2	1,291,496	0	1,962,626
MERCK & CO INC	COM	58933Y105	341,772	4,817,760	SH		DFND	1	2,124,539	0	2,693,221
METLIFE INC	COM	59156R108	395,725	8,470,138	SH		DFND	1	3,855,821	0	4,614,317
MICROSOFT CORP	COM	594918104	37,197	325,238	SH		SOLE		14,960	0	310,278
MORGAN STANLEY	COM	617446448	377,174	8,099,085	SH		DFND	1	4,019,506	0	4,079,579
MURPHY OIL CORP	COM	626717102	206,718	6,200,307	SH		DFND	2	3,009,941	0	3,190,366
MYLAN NV	COM	N59465109	792,678	21,657,877	SH		DFND	1,2	11,230,828	0	10,427,049
NATIONAL OILWELL VARCO INC	COM	637071101	395,294	9,175,821	SH		DFND	1,2	4,956,068	0	4,219,753
NAVIGANT CONSULTING INC	COM	63935N107	39,088	1,695,061	SH		SOLE		1,521,033	0	174,028
NEWELL BRANDS INC.	COM	651229106	339,559	16,727,033	SH		DFND	1,2	8,310,186	0	8,416,847
NEWMARKET CORP	COM	651587107	322	794	SH		SOLE		794	0	0
NEWS CORP - CLASS A	COM	65249B109	297,328	22,541,912	SH		DFND	1,2	12,862,597	0	9,679,315
NEWS CORP - CLASS B	COM	65249B208	2,277	167,435	SH		SOLE		76,150	0	91,285
NORDIC AMERICAN OFFSHORE LTD	COM	G65772108	1,966	2,027,064	SH		SOLE		2,027,064	0	0
OMEGA HEALTHCARE INVESTORS	COM	681936100	540	16,471	SH		SOLE		16,471	0	0
OMNICOM GROUP	COM	681919106	498,572	7,329,788	SH		DFND	1,2	3,415,291	0	3,914,497
ORACLE CORP	COM	68389X105	585,919	11,363,826	SH		DFND	1	6,119,521	0	5,244,305
OTP BANK NYRT- 144A GDR	COM	67106E101	1,273	68,700	SH		SOLE		68,700	0	0
PARK HOTELS & RESORTS INC	COM	700517105	284	8,664	SH		SOLE		8,664	0	0
PARKER HANNIFIN CORPORATION	COM	701094104	60,834	330,743	SH		SOLE		12,845	0	317,898
PACIFIC BASIN SHIP-UNSP ADR	COM	69402P103	2,631	553,400	SH		SOLE		553,400	0	0
PETROLEO BRASILEIRO S.A. - ADR	COM	71654V408	193	16,000	SH		SOLE		16,000	0	0
PETROLEO BRASIL-SP PREF ADR	COM	71654V101	721	68,900	SH		SOLE		68,900	0	0
PFIZER INC	COM	717081103	195,602	4,438,430	SH		SOLE		1,200,849	0	3,237,581
PG&E CORP	COM	69331C108	575	12,507	SH		SOLE		12,507	0	0
POSCO - ADR	COM	693483109	10,025	151,897	SH		SOLE		151,897	0	0
QORVO INC	COM	74736K101	297	3,865	SH		SOLE		3,865	0	0
QUALCOMM INC	COM	747525103	51,267	711,742	SH		SOLE		12,190	0	699,552
REALOGY HOLDINGS CORP	COM	75605Y106	64,334	3,116,972	SH		DFND	2	1,674,618	0	1,442,354
REGIONS FINL CORP	COM	7591EP100	88,640	4,830,534	SH		DFND	2	724,809	0	4,105,725
REUNERT LTD-UNSPONSORED ADR	COM	76131U105	1,714	159,600	SH		SOLE		159,600	0	0
REV GROUP INC	COM	749527107	10,439	664,881	SH		SOLE		601,795	0	63,086
ROWAN COMPANIES PLC - A	COM	G7665A101	18,768	996,725	SH		SOLE		0	0	996,725
ROYAL DUTCH SHELL PLC ADR	COM	780259206	395,388	5,802,587	SH		DFND	1	2,194,289	0	3,608,298
RYDER SYSTEM INC.	COM	783549108	161,332	2,207,906	SH		DFND	2	848,596	0	1,359,310
SAMSUNG ELECTR-GDR	COM	796050888	3,559	3,400	SH		SOLE		3,400	0	0
SASOL LTD-SPONS ADR	COM	803866300	2,628	68,000	SH		SOLE		68,000	0	0
SCANSOURCE INC	COM	806037107	48,534	1,216,386	SH		SOLE		1,089,932	0	126,454
SHINHAN FINANCIAL GROUP - ADR	COM	824596100	5,848	145,724	SH		SOLE		145,724	0	0
SIAM COMMERCIAL BANK - UNSP ADR	COM	825715105	1,552	85,636	SH		SOLE		85,636	0	0
SNAP-ON INC	COM	833034101	54,084	294,575	SH		DFND	2	57,867	0	236,708
SOUTHERN CO	COM	842587107	473	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	688	12,108	SH		SOLE		12,108	0	0
STANLEY BLACK & DECKER INC	COM	854502101	56,112	383,172	SH		SOLE		14,388	0	368,784
STATE BANK OF INDIA GDR REG S	COM	856552203	1,745	48,000	SH		SOLE		48,000	0	0
STATE STREET CORP	COM	857477103	5,191	61,957	SH		SOLE		61,957	0	0
STEELCASE INC - CL A	COM	858155203	54,185	2,928,942	SH		SOLE		2,650,859	0	278,083
SUPERIOR ENERGY SERVICES INC	COM	868157108	21,984	2,257,080	SH		SOLE		1,039,858	0	1,217,222
SYNOVUS FINANCIAL CORP	COM	87161C501	27,601	602,769	SH		SOLE		539,768	0	63,001
TAIWAN SEMICONDUCTOR - SP ADR	COM	874039100	8,640	195,661	SH		SOLE		195,661	0	0
TAIWAN SEMICONDUCTOR - SP ADR	COM	874039100	10,311	233,485	SH		OTR		0	0	233,485
TCF FINANCIAL CORP	COM	872275102	32,878	1,380,869	SH		SOLE		1,239,652	0	141,217
TECHNIPFMC PLC	COM	G87110105	63,777	2,040,870	SH		DFND	2	392,548	0	1,648,322
TELEFONICA BRASIL - ADR	COM	87936R106	5,940	610,444	SH		OTR		0	0	610,444
TELEFONICA BRASIL - ADR	COM	87936R106	51,932	5,337,265	SH		SOLE		3,459,886	0	1,877,379
TEREX CORP	COM	880779103	129,785	3,251,948	SH		DFND	2	1,238,789	0	2,013,159
THE HARTFORD FINANCIAL SERVICES GROUP INC	COM	416515104	21,202	424,371	SH		SOLE		163	0	424,208
TORCHMARK CORP	COM	891027104	24,233	279,538	SH		SOLE		104	0	279,434
TRIMAS CORP	COM	896215209	69,527	2,287,066	SH		SOLE		2,057,437	0	229,629
TRIPLE-S MANAGEMENT CORP-B	COM	896749108	25,502	1,350,013	SH		SOLE		1,210,919	0	139,094
UBS GROUP AG	COM	H42097107	124,620	7,922,450	SH		DFND	1	4,486,384	0	3,436,066
UNIVERSAL CORP	COM	913456109	48,618	747,962	SH		SOLE		701,414	0	46,548
VOYA FINANCIAL INC.	COM	929089100	500,432	10,075,127	SH		DFND	1,2	4,509,747	0	5,565,380
WALMART INC	COM	931142103	253,017	2,694,252	SH		DFND	1	1,381,204	0	1,313,048
WEBSTER FINANCIAL CORP.	COM	947890109	68,686	1,164,962	SH		SOLE		572,274	0	592,688
WELLS FARGO CO	COM	949746101	422,059	8,030,033	SH		DFND	1	4,108,503	0	3,921,530
WELLTOWER INC.	COM	95040Q104	288	4,485	SH		SOLE		4,485	0	0
WESCO AIRCRAFT HOLDINGS INC	COM	950814103	16,389	1,456,788	SH		SOLE		1,303,384	0	153,404
WILLIS TOWERS WATSON PLC	COM	G96629103	192,016	1,362,396	SH		DFND	2	499,994	0	862,402
WILMAR INTERNATIONAL - UNS ADR	COM	971433107	3,128	132,800	SH		SOLE		132,800	0	0
WSFS FINANCIAL CORP	COM	929328102	5,673	120,314	SH		SOLE		105,689	0	14,625
ZIMMER BIOMET HOLDINGS INC	COM	98956P102	600	4,567	SH		SOLE		4,567	0	0