Pzena Mid Cap Focused Value Q3 2025 Commentary Pzena Investment Management 19 Follower s Comments Summary Equity markets continued to push higher in the third quarter, as momentum and AI enthusiasm carried the day. Our Pzena Mid Cap Focused Value strategy rose but underperformed the Russell Midcap Value Index. Telecommunications, health care, and industrials were the largest detracting sectors in the quarter. The consumer discretionary, financials, and energy sectors were the top contributors. We added Solventum, a medical device company, and initiated a position in Sensata, a sensor supplier. Equity markets continued to push higher in the third quarter, as momentum and AI enthusiasm carried the day. Within the mid-cap space, value outperformed growth. Our Pzena Mid Cap Focused Value strategy rose but underperformed the Russell Midcap Value This article was written by 19 Follower s Pzena Investment Management’s investment philosophy is simple: it seeks to buy good businesses at low prices. Pzena focuses exclusively on companies that are underperforming their historically demonstrated earnings power, performing fundamental, bottom-up research on these companies in an effort to determine whether the problems that caused the earnings shortfall are temporary or permanent. For inquiries or communication, please use Pzena’s official channels. Comments Recommended For You.
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