13F-HR 1 pzenainvestmentmg13fhr20874.txt HOLDINGS REPORT 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, 2004 PZENA INVESTMENT MANAGEMENT, LLC -------------------------------------------------------------------------------- Name of Institutional Investment Manager 120 West 45th Street, 34th Floor NY NY 10036 -------------------------------------------------------------------------------- Business Address (Street) (City) (State) (Zip) 13F File Number: 28-03791 ---------------- 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, and 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 -------------------------------------------------------------------------------- Name (Title) (Phone) Signature, Place and Date of Signing: /s/Richard S. Pzena ---------------------------------- Richard S. Pzena Pzena Investment Management, LLC 120 West 45th Street, 34th Floor New York, New York 10036 02/11/05 Report Type: [X] 13F HOLDINGS REPORT [ ] 13F NOTICE [ ] 13F COMBINATION REPORT Form 13F Summary Page Number of Other Included Managers: None ---------------------- Form 13F Information Table Entry Total: 109 ---------- Form 13F Information Table Value Total: $ 10,318,529,000 ------------------------- PZENA INVESTMENT MANAGEMENT, LLC DISCRETIONARY OWNERSHIP FOR 13F AS OF DATE: 12/31/04

------------------------------------------------------------------------------------------------------------------------------------ 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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- ACCREDO HEALTH INC COM 00437V104 16445 593254 SH SOLE 572204 0 21050 AFTERMARKET TECHNOLOG COM 008318107 6868 426587 SH SOLE 366400 0 60187 AGILYSYS INC COM 00847J105 12694 740586 SH SOLE 653326 0 87260 ALLSTATE CORP COM 020002101 200520 3877035 SH SOLE 1897755 0 1979280 ALTRIA GROUP INC COM 02209S103 49931 817200 SH SOLE 244700 0 572500 AMERICAN HOME MTG INV COM 02660R107 39040 1139850 SH SOLE 1037500 0 102350 AMERICAN NATL INS CO COM 028591105 19696 189089 SH SOLE 172489 0 16600 AMERICAN PHYSICIANS CAP COM 028884104 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