13F-HR 1 drz4q06.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: December 31, 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 February 05, 2007 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 Russell Company FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form13F Information Table Entry Total: 239 Form13F Information Table Value Total: $4,887,479 (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 70442 903920 SH SOLE 903920 0 0 ABBOTT LABS COM 002824100 31568 648075 SH SOLE 648075 0 0 ABM INDS INC COM 000957100 5038 221850 SH SOLE 221850 0 0 ACETO CORP COM 004446100 2242 259485 SH SOLE 259485 0 0 AIR T INC COM 009207101 1011 114832 SH SOLE 114832 0 0 ALDILA INC COM NEW 014384200 3776 253050 SH SOLE 253050 0 0 ALLTEL CORP COM 020039103 32078 530394 SH SOLE 530394 0 0 AMERICAN BANCORP N J INC COM 02407E104 1590 132651 SH SOLE 132651 0 0 AMERICAN ECOLOGY CORP COM NEW 025533407 2302 124380 SH SOLE 124380 0 0 AMERICAN FINL RLTY TR COM 02607P305 11943 1044000 SH SOLE 1044000 0 0 ANALOG DEVICES INC COM 032654105 38757 1179100 SH SOLE 1179100 0 0 ANNALY CAP 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