Deep-value investment firm Pzena Investment Management established a new position in enterprise software company Workday during the second quarter of 2026, acquiring 1.97 million shares. The stake was valued at $241.32 million as of June 30 and accounted for a 0.71% weight in the firm's portfolio.
This trade was disclosed in an August 7th 13F filing, which reports positions held at the end of the previous quarter, meaning the trades occurred between April and June. Pzena's quarterly commentary noted the position was initiated following a broader software sell-off, citing Workday's mission-critical products and the potential for AI-driven margin expansion as attractive features.