Deprince Race & Zollo Inc Q3 2022 vs. Q4 2022 13F Holdings Comparison

A quarterly comparison of Deprince Race & Zollo's 13F holdings reveals significant shifts in the fund's portfolio. In Q3 2022, the fund increased its holdings in Newell Brands, Flowserve, and Kulicke & Soffa, among others. However, in Q4 2022, the fund made several notable reductions, selling off TJX Companies, Monro Inc, and NextEra Energy. This blog post takes a closer look at the changes in holdings and what they could mean for the fund's performance going forward.

The fund's Q3 2022 holdings were valued at $457,141,000, while its Q4 2022 holdings were valued at $525,345,000. This represents a significant increase in the fund's total value of holdings, a gain of 14.9% over the quarter. However, it is important to note that the fund's gains were not uniform across all holdings. Some stocks saw significant increases in value, while others saw decreases or were sold off entirely.

One of the most notable changes between Q3 and Q4 was the fund's decision to completely sell off its holdings in TJX Companies. In Q3, the fund held 779,556 shares in the company, with a value of $48,426,000. However, by Q4, the fund had sold off all shares of TJX, signaling a lack of faith in the company's performance going forward.

Similarly, the fund sold off all its shares in Monro Inc in Q4. The company had been a significant part of the fund's portfolio in Q3, with 1,244,871 shares valued at $54,102,000. However, in Q4, the fund sold off all shares of Monro Inc, indicating a bearish outlook on the company's potential.

NextEra Energy saw a decrease in the fund's holdings between Q3 and Q4. In Q3, the fund held 419,702 shares in the company, with a value of $32,909,000. However, by Q4, the fund had reduced its holdings to 417,395 shares, valued at $34,894,000. This slight reduction in holdings could indicate a lack of confidence in the company's growth potential.

On the other hand, the fund significantly increased its holdings in Newell Brands, Flowserve, and Kulicke & Soffa between Q3 and Q4. Newell Brands saw the largest increase in shares, with the fund buying an additional 4,204,242 shares, valued at $58,621,000. Flowserve saw an increase of 126,724 shares, valued at $13,598,000, and Kulicke & Soffa saw an increase of 4,483 shares, valued at $9,488,000.

Overall, the fund's Q3 2022 vs. Q4 2022 13F holdings comparison reveals a significant shift in the fund's portfolio. While some holdings saw gains, others were sold off entirely, indicating a potential shift in the fund's investment strategy. As always, it is important for investors to carefully evaluate a fund's holdings before investing, and to keep a close eye on any changes in its portfolio over time.