Richard Pzena's Pzena Investment Management sold its entire Johnson & Johnson (JNJ) position in 2026 Q2, according to the 13F-HR filed with the SEC on August 7, 2026. The prior filing listed 204K shares worth about $49.9M, 0.16% of the portfolio; the 2026 Q2 filing lists none. JNJ had been in the portfolio for about 5 years, since the quarter ended September 30, 2021.
What did the 2026 Q2 filing report for JNJ?
As of June 30, 2026, from the 13F-HR filed August 7, 2026.
| Before | After | |
|---|---|---|
| Shares | 204K | 0 |
| Reported value | $49.9M | $0 |
| Portfolio weight | 0.16% | 0% |
| Held since | 2021 Q3 | sold out in 2026 Q2 |
| Quarters held | 19 |
What did Richard Pzena sell?
Richard Pzena sold 204K shares of JNJ between the quarter ended March 31, 2026 and June 30, 2026. The JNJ exit was the 28th largest of the quarter's 162 position changes by percent change to portfolio.
Where does JNJ sit in the Richard Pzena portfolio?
Before the sale, JNJ carried 0.16% of the Richard Pzena portfolio, below the fund's average stock position of 1%. The largest stock position is MGA at 6.54%. Next come HUM at 5.13% and BAX at 4.09%. The three largest stocks together are 15.76% of the book. Across the 2026 Q2 portfolio, Richard Pzena reported 161 stock positions, with 12 opened and 9 closed. The total portfolio value is about $34.1B, up 11% from the prior quarter.
How long has Richard Pzena held JNJ?
Richard Pzena held JNJ for about 5 years, from the quarter ended September 30, 2021 to March 31, 2026. The fund sold out of the name in 2017 Q3 and came back in 2021 Q3. The weight peaked at 0.84% in 2016 Q2. Last quarter the fund had already cut the position by 17%, so the exit finishes a two-quarter unwind. Every reported trade is on the Richard Pzena JNJ trade history page.
Did other funds buy or sell JNJ in 2026 Q2?
Among the other tracked funds that had filed for 2026 Q2 as of August 7, 2026, 10 still hold JNJ. Another 2 sold out of it this quarter as well. Meanwhile one opened it. The largest buyers of JNJ this quarter were Donald Yacktman, Charles Bobrinskoy and Paul Lountzis. The largest sellers were Independent Franchise Partners, Tweedy, Browne Co All Funds (US) and Mairs & Power Growth Fund. Every tracked holder of JNJ is on the JNJ ownership page.
FAQ
How many JNJ shares did Richard Pzena sell?
Richard Pzena sold all 204K shares of JNJ it reported a quarter earlier, worth about $49.9M.
When did Richard Pzena first buy JNJ?
Richard Pzena has held JNJ since at least the quarter ended June 30, 2013, the start of the filings we track.
How much of the Richard Pzena portfolio was JNJ?
JNJ was 0.16% of the Richard Pzena portfolio at the prior quarter-end, and 0% after the sale.
Did other funds sell JNJ in 2026 Q2?
2 other tracked funds sold out of JNJ in 2026 Q2 and 4 trimmed it; 10 still hold it.