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Richard Pzena's Pzena Investment Management exited its entire WAB position, held for ~7 years.

Sold out of a position that was 367,753 shares worth $91.91M as of the previous filing.
Published · Based on SEC filings

Medium impact
Position exited
2026 Q2

Richard Pzena's Pzena Investment Management exited Westinghouse Air Brake Technologies Corp (WAB) during 2026 Q2, according to the 13F-HR filed with the SEC on August 7, 2026, selling all 368K shares. The position had been worth about $91.9M at the prior quarter-end and carried 0.3% of the book. WAB had been in the portfolio for about 7 years, since the quarter ended March 31, 2019.

What did the 2026 Q2 filing report for WAB?

As of June 30, 2026, from the 13F-HR filed August 7, 2026.

Before After
Shares 368K 0
Reported value $91.9M $0
Portfolio weight 0.3% 0%
Held since 2019 Q1 sold out in 2026 Q2
Quarters held 29

What did Richard Pzena sell?

Richard Pzena sold 368K shares of WAB between the quarter ended March 31, 2026 and June 30, 2026. The WAB exit was the 19th largest of the quarter's 162 position changes by percent change to portfolio.

Where does WAB sit in the Richard Pzena portfolio?

Before the sale, WAB carried 0.3% 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.

Richard Pzena buys and sells, 2026 Q2

How long has Richard Pzena held WAB?

Richard Pzena held WAB for about 7 years, from the quarter ended March 31, 2019 to March 31, 2026. The weight peaked at 3.64% in 2022 Q1. The share count had been unchanged the quarter before. Every reported trade is on the Richard Pzena WAB trade history page.

Richard Pzena shares of WAB by quarter

FAQ

How many WAB shares did Richard Pzena sell?

Richard Pzena sold all 368K shares of WAB it reported a quarter earlier, worth about $91.9M.

When did Richard Pzena first buy WAB?

Richard Pzena first reported WAB in the quarter ended March 31, 2019.

How much of the Richard Pzena portfolio was WAB?

WAB was 0.3% of the Richard Pzena portfolio at the prior quarter-end, and 0% after the sale.

Source: based on original SEC filings

Figures are from the fund's 13F, which lists long US-listed positions at quarter-end prices. Cash, short positions and most non-US holdings are not reported.
Stocks mentioned
Alan Irwin
Alan Irwin
Valuesider analyst