Richard Pzena's UBS Position Overview
Richard Pzena (via Pzena Investment Management LLC) currently holds 29.77 M shares of UBS Group AG (UBS) worth $1.1 B, representing 3.29% of the portfolio. First purchased in 2014-Q4, this long-term strategic position has been held for 45 quarters.
Based on 13F filings since 2013, Richard Pzena has maintained a long-term strategic position in UBS, representing a significant commitment to this investment thesis. Largest addition occurred in Q4 2023, adding 24.03 M shares. Largest reduction occurred in Q3 2018, reducing 2.86 M shares.
Analysis based on 13F filings available since 2013 Q2
Richard Pzena's UBS Group (UBS) Holding Value Over Time
Track share changes against reported price movement
Quarterly UBS Group (UBS) Trades by Richard Pzena
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | +28,100 | Add 0.09% | 29.77 M | $36.96 |
| Q3 2025 | -1.16 M | Reduce 3.74% | 29.75 M | $32.51 |
| Q2 2025 | +1.55 M | Add 5.29% | 30.9 M | $26.85 |
| Q1 2025 | -239,498 | Reduce 0.81% | 29.35 M | $26.87 |
| Q4 2024 | -1.21 M | Reduce 3.94% | 29.59 M | $27.73 |
| Q3 2024 | +851,231 | Add 2.84% | 30.8 M | $26.06 |
| Q2 2024 | +280,696 | Add 0.95% | 29.95 M | $26.45 |
| Q1 2024 | -474,574 | Reduce 1.57% | 29.67 M | $27.74 |
| Q4 2023 | +24.03 M | Add 392.76% | 30.15 M | $26.10 |
| Q3 2023 | -23,346 | Reduce 0.38% | 6.12 M | $24.65 |
| Q2 2023 | +2.35 M | Add 62.09% | 6.14 M | $20.27 |
| Q1 2023 | -568,332 | Reduce 13.04% | 3.79 M | $21.34 |
| Q4 2022 | -574,420 | Reduce 11.65% | 4.36 M | $18.67 |
| Q3 2022 | -156,614 | Reduce 3.08% | 4.93 M | $14.51 |
| Q2 2022 | -1.47 M | Reduce 22.46% | 5.09 M | $16.22 |
| Q1 2022 | -44,269 | Reduce 0.67% | 6.56 M | $19.54 |
| Q4 2021 | -17,893 | Reduce 0.27% | 6.61 M | $17.87 |
| Q3 2021 | +114,718 | Add 1.76% | 6.62 M | $15.94 |
| Q2 2021 | +274,382 | Add 4.40% | 6.51 M | $15.34 |
| Q1 2021 | +262,905 | Add 4.40% | 6.24 M | $15.53 |
| Q4 2020 | -61,940 | Reduce 1.03% | 5.97 M | $14.13 |
| Q3 2020 | -1.19 M | Reduce 16.52% | 6.03 M | $11.15 |
| Q2 2020 | -585,597 | Reduce 7.49% | 7.23 M | $11.54 |
| Q1 2020 | +168,602 | Add 2.21% | 7.81 M | $9.26 |
| Q4 2019 | +615,007 | Add 8.75% | 7.65 M | $12.58 |
| Q3 2019 | -652,057 | Reduce 8.49% | 7.03 M | $11.31 |
| Q2 2019 | -305,783 | Reduce 3.83% | 7.68 M | $11.85 |
| Q1 2019 | +158,933 | Add 2.03% | 7.99 M | $12.11 |
| Q4 2018 | -92,837 | Reduce 1.17% | 7.83 M | $12.38 |
| Q3 2018 | -2.86 M | Reduce 26.49% | 7.92 M | $15.73 |
| Q2 2018 | +89,004 | Add 0.83% | 10.78 M | $15.34 |
| Q1 2018 | -380,241 | Reduce 3.44% | 10.69 M | $17.66 |
| Q4 2017 | -4,768 | Reduce 0.04% | 11.07 M | $18.39 |
| Q3 2017 | -47,328 | Reduce 0.43% | 11.07 M | $17.15 |
| Q2 2017 | -53,893 | Reduce 0.48% | 11.12 M | $16.98 |
| Q1 2017 | -328,039 | Reduce 2.85% | 11.17 M | $15.95 |
| Q4 2016 | -66,354 | Reduce 0.57% | 11.5 M | $15.67 |
| Q3 2016 | -818,102 | Reduce 6.60% | 11.57 M | $13.62 |
| Q2 2016 | +245,607 | Add 2.02% | 12.39 M | $12.96 |
| Q1 2016 | -195,293 | Reduce 1.58% | 12.14 M | $16.02 |
| Q4 2015 | -298,639 | Reduce 2.36% | 12.34 M | $19.37 |
| Q3 2015 | -125,299 | Reduce 0.98% | 12.64 M | $18.52 |
| Q2 2015 | -2.75 M | Reduce 17.71% | 12.76 M | $21.20 |
| Q1 2015 | -211,664 | Reduce 1.35% | 15.51 M | $18.77 |
| Q4 2014 | +15.72 M | New Buy | 15.72 M | $17.05 |
Richard Pzena's UBS Group Investment FAQs
Richard Pzena first purchased UBS Group AG (UBS) in Q4 2014, acquiring 15,718,432 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Richard Pzena has held UBS Group AG (UBS) for 45 quarters since Q4 2014.
Richard Pzena's largest addition to UBS Group AG (UBS) was in Q4 2023, adding 30,145,113 shares worth $786.79 M.
According to the latest 13F filing for Q4 2025, Richard Pzena's firm, Pzena Investment Management LLC, owns 29,774,573 shares of UBS Group AG (UBS), valued at approximately $1.1 B.
As of the Q4 2025 filing, UBS Group AG (UBS) represents approximately 3.29% of Richard Pzena's publicly disclosed stock portfolio, making it one of their key holdings.
Richard Pzena's peak holding in UBS Group AG (UBS) was 30,902,392 shares, as reported at the end of Q2 2025.