SCHEDULE: Pzena Investment Management Reports 8.5% Stake in Avnet Inc.

Pzena Investment Management, LLC reports beneficial ownership of 8.5% of Avnet Inc.'s common stock as of December 31, 2024.

Summary

• Pzena Investment Management, LLC filed a Schedule 13G with the SEC on January 23, 2025, regarding its ownership stake in Avnet Inc.
• As of December 31, 2024, Pzena Investment Management beneficially owns 7,364,024 shares of Avnet Inc.'s common stock.
• This represents 8.5% of the outstanding shares of Avnet Inc.
• Pzena Investment Management has sole voting power over 5,827,542 shares and sole dispositive power over 7,364,024 shares.
• The filing indicates that clients of Pzena Investment Management have the right to receive dividends and proceeds from the sale of these securities, but no single client's interest exceeds 5% of the class.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.

Positives

• Pzena Investment Management's significant stake indicates confidence in Avnet Inc.'s value.

Industry Context

Schedule 13G filings are common for investment firms holding significant stakes in publicly traded companies, providing transparency to the market.

Comparison to Industry Standards

• Similar filings are made by other investment management firms like BlackRock, Vanguard, and State Street when their ownership in a company exceeds 5%.
• The reported ownership percentage of 8.5% is within the typical range for such filings.

Key Dates

Keywords

Pzena Investment Management, Avnet Inc, Schedule 13G, Beneficial Ownership, Investment, Shares, Stock