DEPRINCE RACE & ZOLLO INC

The portfolio consists of 183 holdings, indicating a diversified approach despite the massive capital influx. However, the strategy is highly concentrated in the top positions; the top 10 holdings account for approximately 17.3% of the total portfolio value, with no single position exceeding 3%. This suggests a "core-satellite" or diversified growth strategy where the firm spreads substantial capital across a wide array of mid-to-large cap stocks rather than concentrating heavily in a few mega-cap names. The turnover rate for the quarter was exceptionally high, with 72 positions either added or liquidated (36 new, 36 sold), signaling a complete restructuring of the portfolio's composition alongside the capital increase.

2. Key Holdings

The firm's top holdings reflect a distinct preference for value and cyclical opportunities rather than the widely held secular growth or "Magnificent Seven" technology giants.