13F-HR 1 pzenainvestmentmg13fhr20889.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, 2005 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 05/13/05 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: 108 ---------- Form 13F Information Table Value Total: $ 11,383,337,000 -------------------------- PZENA INVESTMENT MANAGEMENT, LLC DISCRETIONARY OWNERSHIP FOR 13F AS OF DATE: 03/31/05

------------------------------------------------------------------------------------------------------------------------------------ ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 VALUE SHARES INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- --------- ------- ------------ -------- -------- -------- AFTERMARKET TECHNOLOGY CORP COM 008318107 14133 856559 856559 0 734947 0 121612 ALLSTATE CORP COM 020002101 224785 4158060 4158060 0 2058230 0 2099830 ALTRIA GROUP INC COM 02209S103 70253 1074375 1074375 0 307500 0 766875 AMER NATL INS COM 028591105 20062 189439 189439 0 170014 0 19425 AMERICAN HOME MORTGAGE COM 02660R107 29609 1033850 1033850 0 930050 0 103800 AMERICAN PHYSICIANS CAPIT COM 028884104 29479 860200 860200 0 747325 0 112875 AMERUS GROUP CL A COM 03072M108 22391 473875 473875 0 411525 0 62350 AON CORP COM 037389103 256649 11236819 11236819 0 5956694 0 5280125 ARVINMERITOR INC COM 043353101 33861 2188810 2188810 0 1870885 0 317925 ASHLAND INC COM 044204105 143312 2124081 2124081 0 1480381 0 643700 BANK OF AMERICA CORP COM 060505104 32697 741414 741414 0 247600 0 493814 BAXTER INTL COM 071813109 939 27625 27625 0 27625 0 0 BEARINGPOINT, INC. 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