Deep value investor Richard Pzena's firm, Pzena Investment Management, disclosed a new stake in KE Holdings, a leading Chinese real estate platform. According to a quarterly filing that reflects holdings as of June 30, 2026, the firm acquired 8.88 million shares valued at approximately $128.99 million. This new position accounts for 0.38% of Pzena's reported portfolio.
KE Holdings operates China's largest integrated online and offline platform for housing transactions and services. The investment disclosure, made public on August 7, 2026, offers a delayed look at the firm's portfolio changes. Pzena is well-known for a classic value investing philosophy, which focuses on acquiring stakes in fundamentally sound businesses that are temporarily out of favor with the market.