Pzena's entry as a new passive holder at 4.2% is a modest positive signal of institutional interest but below the 5% threshold that would trigger greater scrutiny. Monitor for any future 13D conversion or stake increases above 5%.
Price Chart
Executive Summary
Pzena Investment Management LLC filed an amended Schedule 13G disclosing a 4.2% passive stake in Varex Imaging Corp as of September 30, 2026, representing 1,785,166 shares. This is a new filer for VREX, replacing prior Vanguard filings, and the stake is below the 5% threshold, indicating a passive position with no activist intent.
Key Financial Metrics
Key Facts
- Pzena Investment Management LLC reported beneficial ownership of 1,785,166 shares of Varex Imaging Corp common stock.
- The stake represents 4.2% of shares outstanding as of September 30, 2026.
- The filing is an amendment to Schedule 13G, indicating passive investment intent under Rule 13d-1(b).
- Pzena is a new filer for VREX; prior 13G filings were by Vanguard entities.
Financial Impact
4.2% passive stake valued at approximately $20-25 million based on recent trading range (no specific price provided in filing).
Risk Factors
- Passive 13G status means Pzena cannot engage in activist activities without converting to 13D.
- Stake below 5% provides limited influence and can be sold without public disclosure.
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G/A Filing (Primary) | 0001027796-26-000053 |
| Document: 0001027796-26-000053-index.html | 0001027796-26-000053 |
| Document: 0001027796-26-000053.txt | 0001027796-26-000053 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 5d ago | DEFA14A | $18.41 | awaiting T+20 | — | $18.41 (−0.00%) |
Oct 22, 2026 5d ago | 8-K | $18.41 | awaiting T+20 | — | $18.41 (−0.00%) |
Oct 7, 2026 19d ago | SC 13G/A | $18.47 | awaiting T+20 | — | $18.41 (+0.32%) |
Oct 5, 2026 21d ago | SC 13G/A | $18.48 | awaiting T+20 | — | $18.41 (−0.38%) |
Sep 21, 2026 5w ago | DEFM14A | $18.48 $18.40 | ▼ −0.43% | ▲ +0.13% | $18.41 (−0.38%) |
Sep 15, 2026 5w ago | Insider Cluster | $18.47 $18.39 | ▲ +0.43% | ▲ +2.50% | $18.41 (+0.32%) |
Sep 14, 2026 6w ago | 144 | $18.46 $18.48 | ▲ +0.11% | ▼ −2.15% | $18.41 (−0.27%) |
Sep 11, 2026 6w ago | 144 | $18.46 $18.48 | ▼ −0.11% | ▲ +2.15% | $18.41 (+0.27%) |
Aug 10, 2026 11w ago | DEFA14A | $18.58 $18.50 | ▼ −0.43% | ▲ +0.63% | $18.41 (−0.91%) |
Aug 10, 2026 11w ago | DEFA14A | $18.58 $18.50 | ▼ −0.43% | ▲ +0.63% | $18.41 (−0.91%) |
US Market Status
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