UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13f Cover Page
Report for the Calendar Year or Quarter Ended December 31, 1999
Pzena Investment Management, LLC
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Name of Institutional Investment Manager
830 Third Avenue, 14th Floor New York New York 10022
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Business Address (Street) (City) (State) (Zip)
13F File Number: 28-_____________
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, and tables, are considered integral parts of this form.
Name, Title and Telephone Number of Person Submitting Report:
Richard S. Pzena Manager (212) 355-1600
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Name (Title) (Phone)
Signature, Place and Date of Signing:
/s/ Richard S. Pzena
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830 Third Avenue, 14th Floor
New York, New York 10022
02/11/00
Report Type:
[X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
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Form 13F SUMMARY PAGE
Number of Other Included Managers: None
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Form 13F Information Table Entry Total: 50
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Form 13F Information Table Value Total: $618,250,000
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
INFORMATION TABLE
PZENA INVESTMENT MANAGEMENT, LLC
FORM 13F INFORMATION TABLE
AS OF DATE: 12/31/99
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ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AETNA INC COM COM 008117103 25631 459240 SH SOLE 392940 0 66300
AGCO CORP COM COM 001084102 29217 2174300 SH SOLE 1908725 0 265575
ANIXTER INTL INC COM COM 035290105 30395 1473679 SH SOLE 1244154 0 229525
AUTODESK INC COM COM 052769106 10953 324525 SH SOLE 287625 0 36900
AVNET INC COM COM 053807103 14460 239012 SH SOLE 207062 0 31950
BEVERLY ENTERPRISES INC COM NE COM 087851309 28281 6464250 SH SOLE 5492625 0 971625
BOEING CO COM COM 097023105 31010 748350 SH SOLE 635900 0 112450
BURLINGTON INDS INC NEW COM COM 121693105 11205 2801200 SH SOLE 2417900 0 383300
CADENCE DESIGNS SYS INC COM COM 127387108 15655 652275 SH SOLE 554050 0 98225
CBRL GROUP INC COM COM 12489V106 7897 813875 SH SOLE 659625 0 154250
CK WITCO CORP. COM 12562C108 19134 1430600 SH SOLE 1217925 0 212675
CNA FINL CORP COM COM 126117100 8605 221000 SH SOLE 199025 0 21975
COLUMBIA / HCA HEALTHCARE CP C COM 197677107 1900 64825 SH SOLE 52850 0 11975
CYTEC INDS INC COM COM 232820100 17479 759950 SH SOLE 662975 0 96975
FMC CORP COM NEW COM 302491303 19458 339500 SH SOLE 290325 0 49175
FOUNDATION HEALTH SYSTEMS-A COM 350404109 11313 1138450 SH SOLE 959875 0 178575
GEORGIA PAC CORP COM COM 373298108 14772 291075 SH SOLE 250550 0 40525
GEORGIA PAC CORP COM-TIMBER GR COM 373298702 296 12000 SH SOLE 12000 0 0
HEALTHCARE RLTY TR COM COM 421946104 11900 761575 SH SOLE 587875 0 173700
HUSSMANN INTL INC COM COM 448110106 10700 710350 SH SOLE 552500 0 157850
KENNAMETAL INC COM COM 489170100 21094 627325 SH SOLE 513900 0 113425
LEAR CORP COM COM 521865105 14523 453850 SH SOLE 391500 0 62350
LOEWS CORP COM COM 540424108 5222 86050 SH SOLE 70925 0 15125
LTV CORP NEW COM COM 501921100 83 20000 SH SOLE 20000 0 0
LUBRIZOL CORP COM COM 549271104 27428 888350 SH SOLE 758525 0 129825
MAY DEPT STORES CO COM COM 577778103 469 14550 SH SOLE 14550 0 0
NEWPORT NEWS SHIPBLDING INC CO COM 652228107 3995 145275 SH SOLE 118200 0 27075
NORTHEAST UTILS COM COM 664397106 494 24040 SH SOLE 24040 0 0
NORTHROP GRUMMAN CORP COM COM 666807102 16300 301500 SH SOLE 259300 0 42200
OLD REP INTL CORP COM COM 680223104 4822 353900 SH SOLE 259475 0 94425
PACIFIC CENTY FINL CORP COM COM 694058108 18237 975900 SH SOLE 772225 0 203675
PAYLESS SHOESOURCE INC COM COM 704379106 17066 363100 SH SOLE 304900 0 58200
PHILIP MORRIS COS INC COM COM 718154107 9391 408319 SH SOLE 318744 0 89575
PMI GROUP INC COM COM 69344M101 1655 33909 SH SOLE 19434 0 14475
POLARIS INDS INC COM COM 731068102 6367 175650 SH SOLE 166025 0 9625
QUANTUM CORP DSSG COM COM 747906204 21315 1409251 SH SOLE 1212926 0 196325
QUANTUM CORP HDDG COM COM 747906303 5452 785808 SH SOLE 687646 0 98162
QUEST DIAGNOSTICS INC COM COM 74834L100 24155 790345 SH SOLE 682820 0 107525
ST PAUL COS INC COM COM 792860108 7084 210280 SH SOLE 180979 0 29301
TENET HEALTHCARE CORP COM COM 88033G100 3787 161150 SH SOLE 161150 0 0
TOSCO CORP COM NEW COM 891490302 17598 647300 SH SOLE 528150 0 119150
TOYS R US INC COM COM 892335100 143 10000 SH SOLE 10000 0 0
UCAR INTL INC COM COM 90262K109 28982 1627050 SH SOLE 1382975 0 244075
UNICOM CORP COM COM 904911104 12708 379353 SH SOLE 324153 0 55200
UNION CARBIDE CORP COM COM 905581104 240 3600 SH SOLE 3600 0 0
UNION PAC CORP COM COM 907818108 8747 200225 SH SOLE 193875 0 6350
***CANADIAN PAC LTD NEW COM COM 135923100 9718 450700 SH SOLE 375825 0 74875
***ESG RE LTD ORD COM G31215109 398 57325 SH SOLE 57325 0 0
***ISPAT INTL N V CL A NY REG COM 464899103 288 17875 SH SOLE 17875 0 0
***PRECISION DRILLING CORP CL COM 74022D100 10228 398175 SH SOLE 322325 0 75850
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