13F-HR 1 pzenainvestment13fhr20810.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: March 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 120 West 45th Street, 34th Floor New York, New York 10036 5/14/04 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: 102 ----------- Form 13F Information Table Value Total: $5,927,692,176 ---------------------- PZENA INVESTMENT MANAGEMENT, LLC DISCRETIONARY OWNERSHIP FOR 13F AS OF DATE: 03/31/04

------------------------------------------------------------------------------------------------------------------------------------ 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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- AETNA U S HEALTHCARE COM 00817Y108 107505 1198225 SH SOLE 689519 0 508706 AFTERMARKET TECHNOLOGIES COM 008318107 9445 642923 SH SOLE 557523 0 85400 AGILYSYS INC COM 00847J105 25706 2160185 SH SOLE 1994160 0 166025 ALLSTATE CORP COM 020002101 105310 2316535 SH SOLE 1233880 0 1082655 ALTRIA GROUP INC COM 02209S103 12119 222575 SH SOLE 23525 0 199050 AMERICAN HOME MTG COM 02660R107 32204 1118200 SH SOLE 1028700 0 89500 AMERICAN NATL INS CO COM 028591105 19200 214550 SH SOLE 203925 0 10625 AMERICAN PHYSICIANS CAPITAL COM 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