TOP SHIPS INC. — Major Shareholding Notification 2004

Oct 12, 2004

SC 13G 1 dsc13g.htm SCHEDULE 13G SCHEDULE 13G

United States

Security and Exchange Commission

Washington, D.C. 20549

Schedule 13G

Under the Securities Act of 1934

(Amendment No. )*

Top Tankers, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

Y8897Y107 (CUSIP Number)

September 30, 2004

Date of Event Which Requires Filing of this Statement

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

x Rule 13d-1(b)

¨ Rule 13d-1(c)

¨ Rule 13d-1(d)

CUSIP No. Y8897Y107 13G

| 1 | NAME OF REPORTING PERSON DePrince, Race & Zollo, Inc. S.S. OR IRS IDENTIFICATION NO. OF ABOVE PERSON 59-3299598 | | --- | --- | | 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) x (b) ¨ | | 3 | SEC USE ONLY | | 4 | CITIZENSHIP OR PLACE OF ORGANIZATION Incorporated in the State of Florida |

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 1,875,300 6 SHARED VOTING POWER none 7 SOLE DISPOSITIVE POWER 1,875,300 8 SHARED DISPOSITIVE POWER none

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,875,300
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* No
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 10.26%
12	TYPE OF REPORTING PERSON* IA

SCHEDULE 13 G

Item 1.	(a)	Top Tankers, Inc.
	(b)	Address:	109-111 Messogian Avenue
			Politia Centre
			Athens, J3 11526 GR
Item 2.	(a)	DePrince, Race & Zollo, Inc.
	(b)	201 S. Orange Ave, Suite 850
		Orlando, FL 32801
	(c)	USA
	(d)	common stock
	(e)	Y8897Y107
Item 3.	(e)	X
Item 4.	Ownership
	(a)	1,875,300
	(b)	10.26%
	(c)	(i)	1,875,300 shares
		(iii)	1,875,300 shares
Item 5.	Ownership of Five Percent or Less of a Class
	N/A
Item 6.	Ownership of More than Five Percent on Behalf of Another Person.
	N/A
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company
	N/A
Item 8.	Identification and Classification of Members of the Group
	N/A
Item 9.	Notice of Dissolution of Group
	N/A
Item 10.	Certification
	By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for
the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes or effect.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: 10/04/2004
/s/ Victor A. Zollo, Jr.
Signature
Victor A. Zollo, Jr. - President