Pzena Investment Management

----- ------------- --------------------- as of Dec. 31, 2012

Portfolio Holdings for ----- ------------- ---------------------

----- ------------- --------------------- holds 124 positions in its portfolio as reported in the December 2012 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Hewlett-Packard Company 4.8 $586M 41M 14.25
Staples 3.7 $447M 39M 11.40
Oracle Corporation (ORCL) 3.6 $440M 13M 33.32
Te Connectivity Ltd for (TEL) 3.3 $404M 11M 37.12
BP (BP) 3.1 $376M 9.0M 41.64
Omni (OMC) 3.0 $367M 7.3M 49.96
American International (AIG) 3.0 $365M 10M 35.30
Citigroup (C) 2.9 $358M 9.1M 39.56
Royal Dutch Shell 2.9 $350M 5.1M 68.95
Google 2.7 $329M 464k 709.37
Delphi Automotive 2.5 $308M 8.1M 38.25
Baker Hughes Incorporated 2.5 $307M 7.5M 40.84
State Street Corporation (STT) 2.4 $296M 6.3M 47.01
Bank of America Corporation (BAC) 2.4 $287M 25M 11.60
Microsoft Corporation (MSFT) 2.2 $268M 10M 26.73
Northrop Grumman Corporation (NOC) 2.1 $260M 3.9M 67.58
Becton, Dickinson and (BDX) 2.1 $261M 3.3M 78.19
Allstate Corporation (ALL) 2.1 $261M 6.5M 40.17
MetLife (MET) 2.1 $255M 7.7M 32.94
JPMorgan Chase & Co. (JPM) 2.1 $253M 5.8M 43.97
L-3 Communications Holdings 2.0 $244M 3.2M 76.62
Invesco (IVZ) 1.9 $226M 8.6M 26.09
Ubs Ag Cmn 1.8 $221M 14M 15.74
Entergy Corporation (ETR) 1.8 $220M 3.5M 63.75
Exxon Mobil Corporation (XOM) 1.8 $216M 2.5M 86.55
Goldman Sachs (GS) 1.8 $214M 1.7M 127.56
Masco Corporation (MAS) 1.6 $199M 12M 16.66
Axis Capital Holdings (AXS) 1.6 $194M 5.6M 34.64
Morgan Stanley (MS) 1.5 $182M 9.5M 19.12
PNC Financial Services (PNC) 1.4 $173M 3.0M 58.31
PPG Industries (PPG) 1.4 $172M 1.3M 135.35
Franklin Resources (BEN) 1.4 $169M 1.3M 125.70
Apollo 1.2 $150M 7.1M 20.92
Dell 1.1 $128M 13M 10.13
Abbott Laboratories (ABT) 1.1 $128M 1.9M 65.50
Partner Re 1.1 $128M 1.6M 80.49
Molson Coors Brewing Company (TAP) 0.9 $111M 2.6M 42.79
Wells Fargo & Company (WFC) 0.9 $105M 3.1M 34.18
Avnet (AVT) 0.6 $76M 2.5M 30.61
Willis Group Holdings 0.6 $73M 2.2M 33.53
Laboratory Corp. of America Holdings 0.6 $70M 809k 86.62
General Motors Company (GM) 0.5 $65M 2.2M 28.83
Fortune Brands (FBIN) 0.5 $59M 2.0M 29.22
Cisco Systems (CSCO) 0.5 $57M 2.9M 19.65
Brady Corporation (BRC) 0.4 $51M 1.5M 33.40
Valassis Communications 0.4 $47M 1.8M 25.78
Hospitality Properties Trust 0.3 $43M 1.8M 23.42
Ingram Micro 0.3 $43M 2.6M 16.92
Con-way 0.3 $41M 1.5M 27.82
Key (KEY) 0.3 $42M 4.9M 8.42
Regions Financial Corporation (RF) 0.3 $40M 5.6M 7.12
Owens Corning (OC) 0.3 $39M 1.1M 36.99
Comerica Incorporated (CMA) 0.3 $38M 1.3M 30.34
Torchmark Corporation 0.3 $38M 741k 51.67
Assurant (AIZ) 0.3 $37M 1.1M 34.70
United Stationers 0.3 $36M 1.1M 30.99
Aetna 0.3 $36M 772k 46.30
VCA Antech 0.3 $35M 1.7M 21.05
Fifth Third Ban (FITB) 0.3 $35M 2.3M 15.19
Curtiss-Wright (CW) 0.3 $34M 1.0M 32.83
General Dynamics Corporation (GD) 0.3 $34M 486k 69.27
Hospira 0.3 $33M 1.0M 31.24
URS Corporation 0.3 $32M 826k 39.26
Anixter International 0.3 $32M 507k 63.98
Forest Laboratories 0.3 $32M 908k 35.32
Griffon Corporation (GFF) 0.3 $31M 2.7M 11.46
Actuant Corporation 0.3 $32M 1.1M 27.91
Dana Holding Corporation (DAN) 0.3 $32M 2.1M 15.61
Apache Corporation 0.2 $31M 390k 78.50
Primerica (PRI) 0.2 $30M 997k 30.01
Quest Diagnostics Incorporated (DGX) 0.2 $31M 526k 58.27
ARGO GROUP INTERNATIONAL Holdi Com Stk 0.2 $30M 891k 33.59
PHH Corporation 0.2 $30M 1.3M 22.75
Bbcn Ban 0.2 $29M 2.5M 11.57
Kohl's Corporation (KSS) 0.2 $28M 650k 42.98
TCF Financial Corporation 0.2 $28M 2.3M 12.15
Aspen Insurance Holdings 0.2 $29M 890k 32.08
Insight Enterprises (NSIT) 0.2 $28M 1.6M 17.37
Aeropostale 0.2 $27M 2.1M 13.01
Diodes Incorporated (DIOD) 0.2 $27M 1.6M 17.35
Jones Group 0.2 $27M 2.4M 11.06
Harte-Hanks 0.2 $25M 4.2M 5.90
American Equity Investment Life Holding 0.2 $26M 2.1M 12.21
National Penn Bancshares 0.2 $26M 2.7M 9.32
Webster Financial Corporation (WBS) 0.2 $24M 1.2M 20.55
Mueller Water Products (MWA) 0.2 $23M 4.0M 5.61
CIRCOR International 0.2 $23M 585k 39.59
Huntington Ingalls Inds (HII) 0.2 $23M 521k 43.34
Harsco Corporation (NVRI) 0.2 $22M 919k 23.50
DiamondRock Hospitality Company (DRH) 0.2 $22M 2.4M 9.00
Hartford Financial Services (HIG) 0.2 $20M 900k 22.44
Herman Miller (MLKN) 0.2 $20M 942k 21.42
Protective Life 0.2 $20M 709k 28.58
J.C. Penney Company 0.2 $19M 976k 19.71
Tutor Perini Corporation (TPC) 0.2 $20M 1.4M 13.70
Rent-A-Center (UPBD) 0.1 $17M 505k 34.36
DeVry 0.1 $18M 737k 23.73
Synovus Financial 0.1 $17M 7.0M 2.45
JAKKS Pacific 0.1 $17M 1.3M 12.52
Avon Products 0.1 $16M 1.1M 14.36
Matthews International Corporation (MATW) 0.1 $16M 507k 32.10
Skechers USA (SKX) 0.1 $16M 866k 18.50
Thor Industries (THO) 0.1 $15M 393k 37.43
Monster Worldwide 0.1 $15M 2.6M 5.62
WSFS Financial Corporation (WSFS) 0.1 $15M 357k 42.25
Engility Hldgs 0.1 $15M 786k 19.26
Pike Electric Corporation 0.1 $11M 1.1M 9.55
Renaissance Re Holdings Ltd Cmn (RNR) 0.1 $9.6M 119k 81.26
Manpower (MAN) 0.1 $7.2M 170k 42.44
Arc Document Solutions (ARC) 0.1 $7.1M 2.8M 2.56
First American Financial (FAF) 0.1 $5.7M 235k 24.09
Validus Holdings 0.0 $5.3M 153k 34.58
Spirit AeroSystems Holdings (SPR) 0.0 $4.9M 291k 16.97
AECOM Technology Corporation (ACM) 0.0 $3.0M 128k 23.80
Adpt 0.0 $2.3M 93k 24.95
Taiwan Semiconductor Mfg (TSM) 0.0 $736k 43k 17.15
OfficeMax Incorporated 0.0 $1.7M 172k 9.76
Popular (BPOP) 0.0 $1.7M 84k 20.79
SK Tele 0.0 $290k 18k 15.83
Mohawk Industries (MHK) 0.0 $486k 5.4k 90.55
Eni S.p.A. (E) 0.0 $400k 8.2k 49.08
EnerSys (ENS) 0.0 $517k 14k 37.60
Advanced Semiconductor Engineering 0.0 $373k 87k 4.28
iGo (IGOI) 0.0 $6.0k 24k 0.25