Pzena holds 5.8M Avnet shares (AVT) — 7.1% passive stake reported

Rhea-AI Filing Summary

Avnet Inc. ownership disclosure: Pzena Investment Management, LLC reports beneficial ownership of 5,800,061 shares of Avnet common stock, representing 7.1% of the class as of 03/31/2026.

The filing states Pzena has sole voting power over 4,382,714 shares and sole dispositive power over 5,800,061 shares. It notes these shares are held for clients of the investment manager and that no single client holds more than 5% of the class. The form is signed by the Chief Legal Risk Officer & Chief Compliance Officer on 04/23/2026.

Insights

Institutional Ownership Analyst

Pzena holds a meaningful 7.1% stake in Avnet reported via Schedule 13G.

Pzena Investment Management reports 5,800,061 shares beneficially owned as of 03/31/2026, with sole dispositive authority. This position signals a sizeable passive stake reported under beneficial ownership rules.

Key items to watch in subsequent filings: any conversion from passive reporting to active (Schedule 13D) or changes in voting/dispositive power; future amendments will show if position increases or strategic intentions change.

Compliance & Governance Advisor

Filing follows investment-manager disclosure norms and includes client-ownership clarification.

The form explicitly states the securities are held on behalf of clients and that no single client exceeds 5% ownership, which preserves the filing's passive characterization under Schedule 13G rules.

Watch for amendments if Pzena assumes active control or any client aggregates exceed reporting thresholds; timing for such disclosures follows regulatory triggers and is not provided here.

Key Figures

Shares beneficially owned: 5,800,061 shares Percent of class: 7.1% Sole voting power: 4,382,714 shares +2 more

5 metrics

Shares beneficially owned 5,800,061 shares as of 03/31/2026

Percent of class 7.1% percentage of Avnet common stock

Sole voting power 4,382,714 shares shares with sole voting power reported

Sole dispositive power 5,800,061 shares shares with sole power to dispose reported

Signature date 04/23/2026 Schedule 13G signature by compliance officer

Key Terms

Schedule 13G, beneficially owned, sole dispositive power, investment manager clients

4 terms

Schedule 13G regulatory

"reports beneficial ownership of 5,800,061 shares of Avnet common stock"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

beneficially owned financial

"Amount beneficially owned: 5,800,061"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

sole dispositive power regulatory

"Sole power to dispose or to direct the disposition of: 5,800,061"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

investment manager clients financial

"CLIENTS OF THE FILING INVESTMENT MANAGER HAVE THE RIGHT TO RECEIVE"

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

AVNET INC

(Name of Issuer)

Common Stock

(Title of Class of Securities)

053807103

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 053807103

1

Names of Reporting Persons

PZENA INVESTMENT MANAGEMENT LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 4,382,714.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 5,800,061.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,800,061.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.1 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: AVNET INC
(b)	Address of issuer's principal executive offices: 2211 SOUTH 47TH STREET, PHOENIX, ARIZONA, 85034.
Item 2.
(a)	Name of person filing: Pzena Investment Management, LLC
(b)	Address or principal business office or, if none, residence: 320 Park Avenue, 8th floor New York, NY 10022
(c)	Citizenship: Delaware
(d)	Title of class of securities: Common Stock
(e)	CUSIP Number(s): 053807103
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 5,800,061
(b)	Percent of class: 7.1 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 4,382,714
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 5,800,061
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. CLIENTS OF THE FILING INVESTMENT MANAGER HAVE THE RIGHT TO RECEIVE AND THE ULTIMATE POWER TO DIRECT THE RECEIPT OF DIVIDENDS FROM, OR THE PROCEEDS OF SALE OF THE SECURITIES REPORTED ON HEREINABOVE. NO INTEREST OF ANY ONE OF SUCH CLIENTS RELATES TO MORE THAN FIVE PERCENT OF THE CLASS.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above 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 of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

PZENA INVESTMENT MANAGEMENT LLC

Signature:	s/Steven Coffey
Name/Title:	Chief Legal Risk Officer & Chief Compliance Officer
Date:	04/23/2026

FAQ

How many Avnet (AVT) shares does Pzena own?

Pzena beneficially owns 5,800,061 shares of Avnet common stock. The position represents 7.1% of the class as reported with an as of date of 03/31/2026.

What voting and dispositive powers does Pzena report for AVT?

Pzena reports sole voting power over 4,382,714 shares and sole dispositive power over 5,800,061 shares. Shared voting or dispositive powers are reported as zero in this filing.

Does any single Pzena client own more than 5% of AVT?

No. The filing states that clients of the investment manager have the ultimate right to proceeds and that no one client’s interest exceeds 5% of the class.

What is the filing date and signature date on the Schedule 13G?

The ownership is reported as of 03/31/2026 and the Schedule 13G is signed on 04/23/2026 by the Chief Legal Risk Officer & Chief Compliance Officer.

Does this Schedule 13G indicate activist intentions by Pzena for AVT?

This Schedule 13G characterizes the stake as a beneficial, passive holding under reporting rules. It does not state any activist intent or plans to change control in this filing.