<?xml version="1.0" encoding="UTF-8"?>
<edgarSubmission xmlns="http://www.sec.gov/edgar/npx" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>N-PX</submissionType>
    <filerInfo>
      <registrantType>IM</registrantType>
      <liveTestFlag>LIVE</liveTestFlag>
      <filer>
        <issuerCredentials>
          <cik>0001027796</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>
      <flags>
        <overrideInternetFlag>false</overrideInternetFlag>
        <confirmingCopyFlag>false</confirmingCopyFlag>
      </flags>
      <investmentCompanyType/>
      <periodOfReport>06/30/2026</periodOfReport>
    </filerInfo>
  </headerData>
  <formData>
    <coverPage>
      <yearOrQuarter>YEAR</yearOrQuarter>
      <reportCalendarYear>2026</reportCalendarYear>
      <reportingPerson>
        <name>Pzena Investment Management LLC</name>
        <phoneNumber>212-355-1600</phoneNumber>
        <address>
          <com:street1>320 Park Avenue, 8th floor</com:street1>
          <com:city>New York</com:city>
          <com:stateOrCountry>NY</com:stateOrCountry>
          <com:zipCode>10022</com:zipCode>
        </address>
      </reportingPerson>
      <agentForService>
        <name>The LLC</name>
        <address>
          <com:street1>320 Park Avenue, 8th floor</com:street1>
          <com:city>New York</com:city>
          <com:stateOrCountry>NY</com:stateOrCountry>
          <com:zipCode>10022</com:zipCode>
        </address>
      </agentForService>
      <reportInfo>
        <reportType>INSTITUTIONAL MANAGER VOTING REPORT</reportType>
        <confidentialTreatment>N</confidentialTreatment>
      </reportInfo>
      <fileNumber>028-03791</fileNumber>
      <reportingCrdNumber>106847</reportingCrdNumber>
      <reportingSecFileNumber>028-03791</reportingSecFileNumber>
      <leiNumber>6735QA45DYBXWQO11N07</leiNumber>
      <explanatoryInformation>
        <explanatoryChoice>Y</explanatoryChoice>
        <explanatoryNotes>"Pzena Investment Management intended to vote in support of the Section 14A say-on-pay vote for the Skyworks Solutions Inc. annual meeting (May 13, 2026); however, due to an internal administrative processing delay, the ballot was transmitted past the tabulator cutoff and the 12,955,867 shares it was entitled to vote were recorded as unvoted by the issuer."</explanatoryNotes>
      </explanatoryInformation>
    </coverPage>
    <summaryPage>
      <otherIncludedManagersCount>0</otherIncludedManagersCount>
    </summaryPage>
    <signaturePage>
      <reportingPerson>Pzena Investment Management LLC</reportingPerson>
      <txSignature>Steven Coffey</txSignature>
      <txPrintedSignature>Steven Coffey</txPrintedSignature>
      <txTitle>Chief Legal Risk Officer &amp; Chief Compliance Officer</txTitle>
      <txAsOfDate>08/27/2026</txAsOfDate>
    </signaturePage>
  </formData>
</edgarSubmission>
