HolderBook

DEPRINCE RACE & ZOLLO INC

Reported holdings as of Q2 2026, from 31 quarterly filings.

CIK
1008894
Reported value
$6.0B
Positions
188
Top 10 weight
17.5%
Filed
2026-08-20
Days after quarter end
51

Holdings

SecurityTickerValue SharesWeightWeight change Held Change
NEWELL BRANDS INCNWL$133.1M21,683,5912.23%+1.04pp31q+17.9%+$20.2M
WERNER ENTERPRISES INCWERN$130.4M2,991,0562.19%+0.49pp12q-2.1%-$2.8M
BRUNSWICK CORPBC$122.5M1,454,1872.06%-0.20pp8q-11.3%-$15.6M
PRIMO BRANDS CORPORATIONPRMB$116.3M4,759,8831.95%+0.59pp3q+24.2%+$22.7M
FLOWSERVE CORPFLS$100.5M1,354,9891.69%+0.23pp22q+29.4%+$22.8M
CRANE NXT COCXT$93.1M1,819,0781.56%-newNEW
CITIGROUP INCC$90.9M649,5521.53%+0.05pp31q-5.9%-$5.7M
MICROSOFT CORPMSFT$88.0M235,8941.48%+0.92pp2q+194.2%+$58.1M
RAYONIER INCRYN$86.6M4,068,5561.45%-0.17pp2q-2.2%-$1.9M
ROBERT HALF INC.RHI$78.8M2,567,9631.32%+0.38pp8q+31.0%+$18.7M
SCOTTS MIRACLE-GRO COSMG$77.8M1,142,5871.31%+0.06pp6q+5.1%+$3.8M
TIMKEN COTKR$76.5M526,7191.28%+0.23pp4q-5.2%-$4.2M
TAIWAN SEMICONDUCTOR MANUFACTSM$73.9M154,6711.24%+0.25pp31q-0.6%-$477.6K
SCHNEIDER NATIONAL INCSNDR$71.4M1,955,8321.20%+0.12pp9q-9.5%-$7.5M
WELLS FARGO & COWFC$70.9M857,7271.19%-0.11pp31q-0.5%-$371.9K
LOUISIANA PAC CORPLPX$70.2M892,0471.18%+0.11pp2q+14.7%+$9.0M
WYNDHAM HOTELS & RESORTS INCWH$68.9M818,4571.16%-0.31pp3q-14.5%-$11.7M
SELECT WATER SOLUTIONS INCWTTR$68.9M3,447,0871.16%+0.14pp5q-2.0%-$1.4M
IDEX CORPIEX$68.8M303,1071.15%-0.10pp7q-13.3%-$10.5M
SANDISK CORPSNDK$67.9M29,8621.14%+0.69pp6q-19.7%-$16.6M
JPMORGAN CHASE & COJPM$67.0M204,6461.12%-0.15pp18q-10.9%-$8.2M
MSC INDL DIRECT INCMSM$64.3M540,5091.08%-0.15pp7q-23.4%-$19.7M
GREIF INCGEF$60.1M806,3331.01%flat7q+1.1%+$627.3K
JOHNSON & JOHNSONJNJ$58.8M231,6920.99%-0.22pp31q-11.2%-$7.4M
UFP INDUSTRIES INCUFPI$55.7M614,3350.94%-0.07pp4q+6.0%+$3.1M
RPM INTL INCRPM$55.3M497,8280.93%+0.22pp3q+32.5%+$13.6M
WESTERN DIGITAL CORPWDC$54.9M85,9300.92%+0.32pp26q-27.3%-$20.6M
MATCH GROUP INC NEWMTCH$54.4M1,429,0220.91%+0.01pp3q-7.8%-$4.6M
MILLERKNOLL INCMLKN$54.0M2,637,7110.91%+0.23pp7q+6.5%+$3.3M
V F CORPVFC$52.9M3,173,7180.89%+0.06pp14q+22.5%+$9.7M
TORO COTTC$52.5M539,3990.88%+0.11pp8q+23.8%+$10.1M
STEPAN COSCL$52.2M936,6080.88%-0.02pp13q-1.1%-$604.2K
FIFTH THIRD BANCORPFITB$51.4M911,4060.86%+0.04pp31q-2.2%-$1.2M
POOL CORPPOOL$50.3M234,2240.84%+0.19pp5q+37.2%+$13.7M
MARRIOTT VACATIONS WORLDWIDEVAC$50.3M493,4500.84%+0.20pp5q-5.9%-$3.1M
KORN FERRYKFY$49.8M747,9580.84%-newNEW
GLACIER BANCORP INC NEWGBCI$48.7M945,0120.82%-0.77pp23q-49.9%-$48.5M
UNION PAC CORPUNP$48.1M176,8560.81%-0.27pp20q-24.6%-$15.7M
INTER PARFUMS INCIPAR$47.8M427,7220.80%+0.23pp2q+28.3%+$10.6M
DONALDSON INCDCI$47.7M530,9330.80%-newNEW
FULLER H B COFUL$47.5M815,7210.80%-0.05pp5q+12.1%+$5.1M
PARKER-HANNIFIN CORPPH$46.9M47,9850.79%-0.06pp20q-4.3%-$2.1M
KNIGHT-SWIFT TRANSN HLDGS INKNX$46.8M601,4030.79%-0.02pp8q-18.6%-$10.7M
ALLSTATE CORPALL$46.3M194,7520.78%+0.01pp14qHELD
UGI CORP NEWUGI$46.2M1,338,4170.78%-newNEW
KBR INCKBR$46.1M1,336,4140.77%-newNEW
AVERY DENNISON CORPAVY$45.7M281,6360.77%+0.26pp2q+81.5%+$20.5M
OWENS CORNING NEWOC$45.4M285,8460.76%-newNEW
ABBOTT LABORATORIESABT$44.5M490,4390.75%+0.27pp2q+100.2%+$22.3M
CACTUS INCWHD$44.2M863,1190.74%-0.05pp2q-2.4%-$1.1M
EVEREST GROUP LTDEG$43.9M123,0090.74%-0.05pp10q-3.5%-$1.6M
US BANCORPUSB$42.7M706,6400.72%-0.07pp14q-11.9%-$5.8M
HUB GROUP INCHUBG$42.6M972,8240.71%+0.03pp5q-2.6%-$1.1M
EMERSON ELEC COEMR$41.8M291,9260.70%-0.08pp31q-7.7%-$3.5M
CARRIER GLOBAL CORPORATIONCARR$41.7M568,6630.70%+0.09pp4q-0.7%-$287.9K
DELUXE CORP MEDIUM TERM NTSDLX$41.4M1,734,5820.69%-0.33pp23q-12.2%-$5.8M
QUAKER HOUGHTONKWR$41.4M260,4710.69%+0.05pp8q-4.9%-$2.1M
NATIONAL BK HLDGS CORPNBHC$40.1M903,6600.67%-0.11pp4q-14.9%-$7.0M
AVIENT CORPORATIONAVNT$40.0M1,083,3200.67%-0.01pp15q+9.0%+$3.3M
INTERNATIONAL FLAVORS&FRAGRAIFF$39.3M495,4980.66%-0.05pp15q-3.5%-$1.4M
WALKER & DUNLOP INCWD$38.6M705,6750.65%+0.04pp6q-3.1%-$1.2M
RTX CORPORATIONRTX$38.1M200,9270.64%-0.16pp25q-8.3%-$3.4M
FREEPORT-MCMORAN INCFCX$37.8M601,8290.63%-0.13pp8q-12.8%-$5.6M
MONDELEZ INTL INCMDLZ$36.8M636,7580.62%-0.15pp9q-9.9%-$4.1M
CULLEN FROST BANKERS INCCFR$36.4M235,7950.61%-0.24pp5q-28.2%-$14.3M
HOME DEPOT INCHD$36.0M102,1350.60%-newNEW
EXXON MOBIL CORPXOMXXXX$36.0M263,1170.60%-0.24pp31q-0.6%-$216.4K
TRUIST FINL CORPTFC$35.9M720,5050.60%flat27q+4.6%+$1.6M
JOHNSON CONTROLS INTERNATIONJCI$35.9M245,6150.60%-0.08pp13q-11.2%-$4.5M
MCCORMICK & CO INCMKC$35.6M705,6150.60%-0.07pp3q+1.5%+$539.5K
WEATHERFORD INTL PLCWFRD$35.6M436,4320.60%-newNEW
HARTFORD INSURANCE GROUP INCHIG$35.5M267,9450.60%-0.09pp24q-0.6%-$230.7K
COLUMBIA SPORTSWEAR COCOLM$34.5M558,8280.58%+0.06pp2q+11.8%+$3.6M
EASTMAN CHEM COEMN$34.4M514,2850.58%-0.14pp31q+3.7%+$1.2M
SEACOAST BKG CORP FLASBCF$34.0M1,023,5030.57%-0.71pp12q-54.3%-$40.4M
QUANEX BLDG PRODS CORPNX$33.9M1,820,6140.57%-0.06pp8q-1.3%-$443.0K
EXPAND ENERGY CORPORATIONEXE$33.6M368,0450.56%-0.21pp12q-1.3%-$436.6K
ALBANY INTL CORPAIN$33.4M448,0690.56%+0.13pp3q+2.1%+$671.7K
SIRIUSXM HOLDINGS INCSIRI$33.1M1,120,8720.56%-newNEW
L3HARRIS TECHNOLOGIES INCLHX$32.7M112,4650.55%-0.27pp14q-10.8%-$3.9M
ASSURANT INCAIZ$32.1M119,6470.54%+0.04pp4q-0.7%-$241.1K
INDEPENDENT BK CORP MASSINDB$31.8M379,7230.53%-0.94pp8q-63.4%-$55.0M
KB HOMEKBH$31.7M505,8180.53%-0.14pp4q-26.7%-$11.5M
BANK HAWAII CORPBOH$31.3M383,8830.52%-0.12pp2q-17.1%-$6.5M
NXP SEMICONDUCTORS N VNXPI$30.8M109,5460.52%+0.03pp18q-16.9%-$6.2M
TARGA RES CORPTRGP$29.6M110,3450.50%-0.03pp4q-0.9%-$258.2K
CAPITAL ONE FINL CORPCOF$29.5M147,0100.49%+0.09pp5q+26.1%+$6.1M
FB FINL CORPFBK$28.7M519,3620.48%-0.53pp4q-49.9%-$28.6M
MGE ENERGY INCMGEE$28.6M350,9040.48%+0.08pp2q+26.6%+$6.0M
COMMERCIAL METALS COCMC$28.4M452,3430.48%-newNEW
DTE ENERGY CODTE$28.3M186,0110.48%-0.04pp11q-0.8%-$230.1K
MARSH & MCLENNAN COS INCMRSH$28.2M169,0990.47%-0.09pp4q-0.7%-$196.2K
ANALOG DEVICES INCADI$26.9M67,8510.45%+0.01pp18q-6.8%-$2.0M
OMNICOM GROUP INCOMC$25.7M353,1150.43%-0.07pp6qHELD
PATTERSON-UTI ENERGY INCPTEN$25.6M2,789,7610.43%-newNEW
HAMILTON LANE INCHLNE$25.5M323,0000.43%-0.18pp3q-0.8%-$194.3K
SOUTHSTATE BK CORPSSB$25.2M252,6870.42%-0.85pp4q-65.3%-$47.5M
BANNER CORPBANR$25.1M377,9110.42%-0.12pp4q-20.5%-$6.5M
MADDEN STEVEN LTDSHOO$25.1M596,3730.42%-newNEW
NORTHERN OIL & GAS INCNOG$25.0M1,375,0110.42%-0.23pp3q+17.6%+$3.7M
NEXTERA ENERGY INCNEE$24.8M282,2870.42%-0.04pp22q+9.7%+$2.2M
COMMUNITY FINANCIAL SYSTEM ICBU$24.7M368,1240.41%-0.17pp7q-30.7%-$10.9M
CROWN HLDGS INCCCK$24.3M217,5070.41%-0.01pp8q-0.8%-$198.0K
WINNEBAGO INDS INCWGO$24.1M771,9180.40%+0.07pp8q+34.6%+$6.2M
ELEVANCE HEALTH INC FORMERLYELV$24.1M62,3420.40%-0.22pp4q-44.5%-$19.3M
INTERCONTINENTAL EXCHANGE INICE$24.0M195,0830.40%-0.12pp2q+11.5%+$2.5M
BALL CORPBALL$23.8M381,6590.40%-0.08pp16q-10.2%-$2.7M
CARLYLE GROUP INCCG$23.7M562,4410.40%-0.08pp14q+6.7%+$1.5M
ABM INDS INCABM$23.5M532,2050.39%-newNEW
GENTEX CORPGNTX$23.4M924,8910.39%-newNEW
CHEVRON CORPORATIONCVX$23.2M139,7830.39%-0.16pp31q-0.7%-$167.1K
RENASANT CORPRNST$22.6M532,3640.38%-0.29pp8q-45.5%-$18.9M
THOR INDS INCTHO$22.6M300,8060.38%-0.16pp8q-16.0%-$4.3M
KFORCE INCKFRC$22.4M477,1280.38%+0.12pp5q+2.4%+$517.0K
GREENBRIER COS INCGBX$22.4M456,0840.37%-0.01pp2q+18.2%+$3.4M
FIRST AMERN FINL CORPFAF$20.4M297,9380.34%flat15q-0.6%-$126.3K
SELECTIVE INS GROUP INCSIGI$19.8M204,5390.33%-newNEW
NETSTREIT CORPNTST$19.8M935,7530.33%-0.08pp15q-19.4%-$4.8M
TE CONNECTIVITY PLCTEL$19.3M95,5750.32%-newNEW
CONOCOPHILLIPSCOP$18.3M175,8230.31%-0.17pp26q-8.9%-$1.8M
UNITED PARCEL SVCS INCUPS$17.9M166,9420.30%-0.20pp31q-37.6%-$10.8M
LCI INDSLCII$17.4M164,4010.29%-newNEW
GENERAL MTRS COGM$17.4M225,7660.29%-0.03pp31q-0.6%-$107.7K
FRANKLIN ELEC INCFELE$17.3M161,0130.29%+0.21pp2q+273.4%+$12.6M
ICICI BANK LIMITEDIBN$16.6M572,6170.28%+0.05pp31q+23.7%+$3.2M
BOYD GAMING CORPBYD$16.1M181,8170.27%-0.14pp2q-31.5%-$7.4M
SAP SESAP$15.7M102,1980.26%-0.26pp2q-36.9%-$9.2M
NAPCO SEC TECHNOLOGIES INCNSSC$15.5M408,6320.26%+0.17pp6q+244.1%+$11.0M
ACCENTURE PLC IRELANDACN$15.1M121,6230.25%-0.21pp5q-1.5%-$234.6K
TENNANT COTNC$15.0M171,0660.25%+0.02pp7q-6.6%-$1.1M
LINCOLN ELEC HLDGS INCLECO$14.8M55,6060.25%+0.05pp5q+34.2%+$3.8M
HYSTER-YALE INCHY$14.5M413,9350.24%+0.08pp2q+54.8%+$5.1M
CREDICORP LTDBAP$14.4M37,0840.24%-0.03pp17q-13.7%-$2.3M
LAMB WESTON HLDGS INCLW$14.0M325,1120.24%-0.05pp11q-10.3%-$1.6M
NETAPP INCNTAP$13.1M84,6800.22%-0.01pp5q-28.9%-$5.3M
VISHAY INTERTECHNOLOGY INCVSH$13.0M241,2080.22%-0.86pp10q-92.4%-$158.1M
ITAU UNIBANCO HLDG S AITUB$13.0M1,586,4180.22%+0.04pp17q+45.2%+$4.0M
MARTEN TRANS LTDMRTN$12.9M742,3620.22%+0.03pp9q-3.3%-$439.4K
CLOROX CO DELCLX$12.4M130,0390.21%-0.04pp2q+4.3%+$507.9K
COUSINS PPTYS INCCUZ$11.4M378,9620.19%-newNEW
GRUPO AEROPORTUNARIO DEL PACPAC$9.6M37,9140.16%+0.03pp2q+30.1%+$2.2M
LKQ CORPLKQ$9.6M363,7070.16%-0.06pp9q-10.3%-$1.1M
SMITH & NEPHEW PLCSNN$9.3M323,1450.16%-0.06pp16q-10.2%-$1.1M
CEMEX SA EURO MTN BE 144ACX$9.1M754,5480.15%-0.01pp8q-0.6%-$57.5K
SOUTHERN COPPER CORPSCCO$8.7M49,8210.15%-0.02pp20qHELD
MONRO INCMNRO$7.9M464,5790.13%+0.08pp2q+142.0%+$4.7M
INNOSPEC INCIOSP$7.6M93,3480.13%+0.03pp2q+37.2%+$2.1M
TERNIUM SATX$7.2M168,9300.12%+0.04pp5q+51.0%+$2.4M
COMMUNITY HEALTHCARE TR INCCHCT$7.2M394,0540.12%flat15q+1.4%+$99.4K
ANGLOGOLD ASHANTI PLCAU$6.9M85,7760.12%-newNEW
GERMAN AMERN BANCORP INCGABC$6.7M140,6800.11%-0.07pp20q-39.8%-$4.4M
PETROLEO BRASILEIRO S APBRA$6.5M447,2990.11%-0.04pp12q+6.0%+$367.9K
ONESPAN INCOSPN$6.4M449,0300.11%+0.02pp4q-2.3%-$150.3K
BANCO SANTANDER CHILE NEWBSAC$6.3M192,2690.11%-0.02pp3q-0.6%-$40.5K
MYERS INDS INCMYE$6.3M179,1920.11%+0.02pp11q-15.6%-$1.2M
CADRE HLDGS INCCDRE$6.1M215,6470.10%+0.01pp19q+34.9%+$1.6M
HAVERTY FURNITURE COS INCHVT$5.9M232,5600.10%+0.04pp12q+48.4%+$1.9M
STOCK YDS BANCORP INCSYBT$5.8M76,4710.10%-0.06pp12q-39.5%-$3.8M
ROCKY BRANDS INCRCKY$5.8M140,1010.10%+0.02pp5q+30.6%+$1.4M
MARCUS & MILLICHAP INCMMI$5.7M183,0950.10%-0.03pp9q-28.8%-$2.3M
RIDGEPOST CAP INCRPC$5.5M702,3160.09%+0.02pp3q+30.3%+$1.3M
WORTHINGTON STL INCWS$5.3M159,0930.09%flat6q-1.9%-$104.9K
TOWNEBANK PORTSMOUTH VATOWN$5.2M142,4040.09%-0.03pp10q-25.0%-$1.7M
BANCO MACRO SABMA$4.9M52,9590.08%+0.01pp3q+9.1%+$409.1K
VIPER ENERGY INCVNOM$4.5M105,1750.07%-0.04pp3q-17.0%-$915.1K
SOUTH PLAINS FINANCIAL INCSPFI$4.4M101,0630.07%-0.01pp8q-2.4%-$106.1K
CENTURY COMMUNITIES INCCCS$4.3M59,9590.07%-newNEW
MATIV HOLDINGS INCMATV$4.2M558,3470.07%flat29q+24.0%+$818.3K
COPA HOLDINGS SACPA$4.1M26,2890.07%+0.01pp3q-0.7%-$29.6K
STURM RUGER & CO INCRGR$3.9M101,8170.06%-0.01pp4q+8.3%+$294.0K
OXFORD INDS INCOXM$3.2M91,5740.05%-0.03pp2q-24.3%-$1.0M
SMARTFINANCIAL INCSMBK$3.0M64,7020.05%-0.04pp12q-49.3%-$3.0M
TRICO BANCSHARESTCBK$3.0M56,1540.05%-0.01pp12q-20.0%-$757.7K
MILLER INDS INC TENNMLR$2.9M56,8780.05%flat2q-2.2%-$64.6K
ARTESIAN RES CORPARTNA$2.9M85,5760.05%flat12q+16.1%+$403.5K
ADVANSIX INCASIX$2.8M140,9330.05%-0.08pp10q-48.8%-$2.7M
MASTERCRAFT BOAT HLDGS INCMCFT$2.6M100,8690.04%-newNEW
ARKO PETE CORPAPC$2.5M132,4130.04%flat2q-1.0%-$26.2K
UMH PPTYS INCUMH$2.5M164,8420.04%flat6q-2.7%-$69.5K
MID PENN BANCORP INCMPB$2.5M70,8250.04%-0.04pp5q-48.5%-$2.3M
BRISTOW GROUP INCVTOL$2.4M57,5720.04%-newNEW
HORIZON BANCORP INDHBNC$2.4M117,9430.04%-0.01pp4q-20.3%-$600.2K
FIVE STAR BANCORPFSBC$2.3M48,1430.04%-0.07pp5q-69.0%-$5.2M
CASS INFORMATION SYS INCCASS$2.3M45,6640.04%-newNEW
FIRST MID BANCSHARES INCFMBH$2.3M48,6110.04%-0.05pp23q-59.0%-$3.4M
HERITAGE FINL CORP WASHHFWA$2.1M71,8150.04%-0.03pp7q-45.4%-$1.8M
KODIAK GAS SVCS INCKGS$1.2M15,6550.02%-0.97pp4q-98.3%-$66.5M
GOLDMAN SACHS GROUP INCGS$390.4K3860.01%-0.61pp28q-99.0%-$38.6M

By sector

Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.

Industrials 16.3%Banks & Lending 14.5%Chemicals 9.3%Transport & Logistics 6.5%Construction & Building 5.3%Business Services 5.2%Energy 4.7%Insurance 4.2%Semiconductors & Electronics 3.7%Autos & Aerospace 3.4%Food, Drink & Tobacco 3.4%Retail & Consumer 3.3%Other sectors 19.5%Not classified 0.7%
 
SectorValueShare
Industrials$972.2M16.3%
Banks & Lending$865.6M14.5%
Chemicals$556.8M9.3%
Transport & Logistics$386.3M6.5%
Construction & Building$316.5M5.3%
Business Services$310.7M5.2%
Energy$277.6M4.7%
Insurance$250.5M4.2%
Semiconductors & Electronics$219.1M3.7%
Autos & Aerospace$203.6M3.4%
Food, Drink & Tobacco$202.8M3.4%
Retail & Consumer$196.9M3.3%
Other sectors$1.2B19.5%
Not classified$41.1M0.7%

Quarter by quarter

QuarterValuePositions NewAddedTrimmed ExitedTop 10 Days to file
Q2 2026$6.0B18823541081917.5%51
Q1 2026$5.3B1842755802615.7%24
Q4 2025$5.2B18316123341616.6%23
Q3 2025$5.0B18323501002217.6%17
Q2 2025$4.8B1822468852618.7%45
Q1 2025$4.8B1841768801617.0%45
Q4 2024$5.0B1831853821716.7%45
Q3 2024$5.2B1822976692216.5%45
Q2 2024$4.5B1751962862115.6%45
Q1 2024$4.6B1771567791515.4%45
Q4 2023$4.4B1771463861815.9%45
Q3 2023$4.1B1812456943317.2%45
Q2 2023$4.3B1901673872518.1%45
Q1 2023$4.3B19924651092416.4%45
Q4 2022$4.4B19926511122015.0%45
Q3 2022$3.9B1932160992013.6%45
Q2 2022$4.3B1921470922113.4%46
Q1 2022$5.1B1992595502014.0%46
Q4 2021$3.9B1941584882413.2%45
Q3 2021$3.7B2032282963713.0%48
Q2 2021$4.0B2183091942212.7%43
Q1 2021$3.7B2103376983811.7%48
Q4 2020$3.2B2153968772912.7%47
Q3 2020$2.7B2053198513115.0%47
Q2 2020$2.6B2054869805015.2%42
Q1 2020$2.2B2073098594315.0%13
Q4 2019$3.3B22018411561715.8%45
Q3 2019$3.5B21916731002015.3%45
Q2 2019$3.6B22315761141414.9%44
Q1 2019$3.7B22221631272215.7%18
Q4 2018$3.5B223000016.1%30

Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.

Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.

Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.