Deprince Race & Zollo Inc.
DePrince, Race & Zollo, Inc. (DRZ) is an SEC-registered, 100% employee-owned investment adviser based in Winter Park, Florida, founded in 1995 and primarily owned by John Race and Victor Zollo. The firm employs approximately 35 professionals and provides discretionary investment management services to institutional investors, including pension plans, trusts, charities, corporations, investment companies, and high net worth individuals. DRZ specializes in long-only equity value strategies, offering portfolios in Large Cap, Small Cap, SMID Cap, Micro Cap, and Emerging Markets Value. The firm is focused on delivering strong long-term outperformance and customer service through a disciplined value investment methodology and maintains a strong client-centered culture.
Investment Strategy
DRZ employs a value-focused, long-only equity investment approach. Its investment process targets stocks with above-average dividend yield, attractive relative valuation, and compelling fundamental catalysts. The firm's philosophy combines fundamental business analysis, capital structure evaluation, and risk management to seek strong risk-adjusted returns. Strategies include U.S. Large Cap, SMID Cap, Small Cap, Micro Cap, and Emerging Markets Value, and DRZ offers both commingled and separate accounts, maintaining rigorous portfolio construction to manage risk while aiming for outperformance. ESG considerations are integrated into DRZ's analysis to enhance decision-making. DRZ serves institutional investors and high-net-worth clients with a consistently applied, singular value process.
Latest 13F Filing Activity
Deprince Race & Zollo Inc. filed their most recent 13F report on Sep 30, 2025 disclosing 182 equity positions with a total 13F market value of $5B. The fund increased holdings in KB Home, FB Finl Corp., Ufp Industries Inc. among other positions. Deprince Race & Zollo Inc. reduced exposure to HF Sinclair Corp., Perrigo Co. PLC, Prosperity Bancshares Inc. among others.
Top Holdings
Equity Positions (182)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
E ENS | ENERSYS | 2.36% | $117.8M | 1,042,865 | $81.67 | $112.96 | +$24.0M |
B BC | BRUNSWICK CORP | 2.35% | $117.1M | 1,852,050 | $62.59 | $63.24 | +$17.3M |
N NWL | NEWELL BRANDS INC | 1.96% | $97.8M | 18,670,804 | $9.91 | $5.24 | +$16.2M |
P PCH | POTLATCHDELTIC CORPORATION | 1.90% | $94.5M | 2,319,288 | $43.88 | $40.75 | +$4.9M |
P PRGO | PERRIGO CO PLC | 1.58% | $78.7M | 3,535,035 | $33.36 | $22.27 | -$43.2M |
Industry Allocation
Investment Team (14)
| Name | Role | Location | |
|---|---|---|---|
B Brendan Long | Small and Micro Cap Senior Research Analyst | Orlando, FL , United States | |
D Damien Amato | Senior Research Analyst - US Small Cap | Orlando, FL , United States | |
 | Co-Portfolio Manager | Equity Research Analyst | Partner | Orlando, FL , United States | |
F Falko Huettenberger | Senior Equity Research Analyst | Winter Park, FL , United States | |
G Greg Ramsby | Partner | Orlando, FL , United States | |
J Jamin Lundy | Senior Equity Research Analyst | United States | |
J Joe Turman | Senior Research Analyst | Winter Park, FL , United States | |
K Kelly Carbone | Managing Partner | Orlando, FL , United States | |
 | Partner | Winter Park, FL , United States | |
M Marc Miller | Partner, Portfolio Manager Emerging Markets | Winter Park, FL , United States |