SCHEDULE: Pzena Investment Management Holds 10.2% in Spectrum Brands

Pzena Investment Management, LLC reported a 10.2% beneficial ownership stake in Spectrum Brands Holdings, Inc. common stock as of September 30, 2025.

Summary

• Pzena Investment Management, LLC, an investment adviser based in Delaware, reported beneficial ownership of 2,459,485 shares of Spectrum Brands Holdings, Inc. common stock.
• This ownership represents 10.2% of the class of securities.
• As of September 30, 2025, Pzena Investment Management, LLC held sole voting power over 2,058,348 shares and sole dispositive power over 2,459,485 shares.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 6

Explanation: The filing is a routine disclosure of a significant institutional ownership stake, which can be interpreted as a vote of confidence by Pzena Investment Management in Spectrum Brands Holdings, Inc. It does not contain negative information.

Positives

• Pzena Investment Management, LLC, a prominent investment adviser, holds a significant 10.2% stake in Spectrum Brands Holdings, Inc., indicating institutional confidence in the company's long-term value.

Future Outlook

NA

Management Comments

• Pzena Investment Management, LLC certified that the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer, other than activities solely in connection with a nomination under Rule 240.14a-11.

Industry Context

Institutional investors frequently disclose significant ownership stakes in publicly traded companies through Schedule 13G filings. Pzena Investment Management, LLC's 10.2% stake in Spectrum Brands Holdings, Inc. is a routine disclosure for a large investment adviser, reflecting its portfolio management activities.

Stakeholder Impact

• Shareholders may view the significant institutional ownership by Pzena Investment Management, LLC as a positive signal of confidence in Spectrum Brands Holdings, Inc.'s value and prospects.

Key Dates

Recommendation

The Schedule 13G filing indicates a significant institutional ownership stake by Pzena Investment Management, LLC in Spectrum Brands Holdings, Inc. While this demonstrates institutional confidence, the filing itself does not contain operational or financial performance data to warrant a stronger buy or sell recommendation. Investors should consider this information as part of a broader analysis of the company's fundamentals and market conditions.

Keywords

Spectrum Brands Holdings, Pzena Investment Management, Beneficial Ownership, Institutional Investor, Common Stock, Schedule 13G