13F-HR 1 drz2q06.txt FORM 13F HOLDINGS REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: June 30, 2006 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: DePrince Race & Zollo, Inc. Address: 250 Park Avenue South Suite 250 Winter Park, FL 32789 13F File Number: 28-05268 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Victor A. Zollo, Jr. Title: Principal Phone: 407-420-9903 Signature, Place, and Date of Signing: /s/ Victor A. Zollo, Jr. Winter Park, FL August 2, 2006 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: Form 13F File Number Name 28-01190 Frank Russell Company FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form13F Information Table Entry Total: 227 Form13F Information Table Value Total: $4,565,909 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional managers with respect to which this report is filed, other than the manager filing this report. NONE FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 3M CO COM 88579Y101 51893 642480 SH SOLE 642480 0 0 ABBOTT LABS COM 002824100 50103 1148895 SH SOLE 1148895 0 0 ABM INDS INC COM 000957100 10725 627200 SH SOLE 627200 0 0 ACETO CORP COM 004446100 2178 314785 SH SOLE 314785 0 0 ADTRAN INC COM 00738A106 13922 620679 SH SOLE 620679 0 0 AIR T INC COM 009207101 1273 114832 SH SOLE 114832 0 0 ALLTEL CORP COM 020039103 34594 541964 SH SOLE 541964 0 0 AMEREN CORP COM 023608102 16847 333600 SH SOLE 333600 0 0 AMERICAN BANCORP N J INC COM 02407E104 1496 125851 SH SOLE 125851 0 0 AMERICAN HOME MTG INVT CORP COM 02660R107 8857 240300 SH SOLE 240300 0 0 AMERICAN PWR CONVERSION CORP COM 029066107 65538 3362639 SH SOLE 3362639 0 0 AMSOUTH 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