Donald Smith & Co.
Jon HartselNEW YORK, NYfiles as DONALD SMITH & CO., INC.
$5.6bn in 66 US stocks at the end of 30 June 2026. The top 10 are 42.5% of the money. It changed about 9.8% of the portfolio this quarter.
Value
$5.6bn
Stocks
66
Top 10 share
42.5%
Turnover
9.8%
What changed this quarter
New
Bought for the first time this quarter.
- Greenbrier CompaniesGBX0.6% of the fund
- Piedmont Realty TrustPDM0.3% of the fund
- Pebblebrook Hotel TrustPEB0.2% of the fund
- Hudbay MineralsHBM<0.1% of the fund
- American Integrity Insurance GroupAII<0.1% of the fund
- Greenfire ResourcesGFR<0.1% of the fund
Added
Bought more of a stock they already held.
- Eldorado GoldEGO4.8% of the fund+21%
- SM EnergySM3.5% of the fund+6%
- PennyMac Financial ServicesPFSI2.9% of the fund+37%
- MosaicMOS2.9% of the fund+67%
- Honda MotorHMC1.9% of the fund+16%
- KB HomeKBH1.9% of the fund+46%
- Galiano GoldGAU0.9% of the fund+14%
- Mohawk IndustriesMHK0.7% of the fund+20%
- Titan InternationalTWI0.7% of the fund+7%
- NMI HoldingsNMIH0.6% of the fund+122%
- FerroglobeGSM0.5% of the fund+50%
- Woori Finl GroupWF0.2% of the fund+25%
- James River Group HoldingsJRVR0.2% of the fund+34%
- Republic Airways HoldingsRJET0.1% of the fund+198%
- Kelly ServicesKELYA0.1% of the fund+8%
Cut
Sold some of their stake.
- AerCap HoldingsAER7.5% of the fund-8%
- Centerra GoldCGAU4.3% of the fund-2%
- Harley-DavidsonHOG4.0% of the fund-7%
- M/I HomesMHO4.0% of the fund-7%
- Genworth FinancialGNW3.8% of the fund-12%
- Park Hotels & ResortsPK3.7% of the fund-13%
- IamgoldIAG3.6% of the fund-10%
- Jackson FinancialJXN3.2% of the fund-5%
- Allegiant TravelALGT3.1% of the fund-10%
- Ally FinancialALLY3.1% of the fund-7%
- Corebridge FinancialCRBG3.0% of the fund-3%
- Radian GroupRDN2.9% of the fund-6%
- Everest GroupEG2.7% of the fund-7%
- SiriusPointSPNT2.6% of the fund-35%
- RLJ Lodging TrustRLJ2.6% of the fund-18%
- Ternium SATX2.4% of the fund-14%
- CitigroupC2.3% of the fund-28%
- General MotorsGM2.2% of the fund-7%
- West Fraser TimberWFG2.0% of the fund-4%
- Nomura HldgsNMR1.9% of the fund-7%
- Beazer Homes USABZH1.4% of the fund-6%
- Howard Hughes HoldingsHHH1.3% of the fund-4%
- GerdauGGB1.3% of the fund-28%
- Taylor Morrison Home1.1% of the fund-48%
- Unum GroupUNM1.0% of the fund-51%
Sold out
Sold their entire stake.
- Guardian Metal ResourcesGMTL-100%
- Great Panther Mining Limited-100%
Holdings
- Eldorado GoldEGO
- Share
- 4.8%
- Value
- $273m
- Shares
- 8,767,454
+21%
- Centerra GoldCGAU
- Share
- 4.3%
- Value
- $245m
- Shares
- 15,447,900
-2%
- IamgoldIAG
- Share
- 3.6%
- Value
- $206m
- Shares
- 13,014,250
-10%
- Ternium SATX
- Share
- 2.4%
- Value
- $134m
- Shares
- 3,141,248
-14%
- West Fraser TimberWFG
- Share
- 2.0%
- Value
- $110m
- Shares
- 1,629,983
-4%
- Nomura HldgsNMR
- Share
- 1.9%
- Value
- $107m
- Shares
- 12,211,249
-7%
- Taylor Morrison Home
- Share
- 1.1%
- Value
- $62m
- Shares
- 862,507
-48%
- Galiano GoldGAU
- Share
- 0.9%
- Value
- $49m
- Shares
- 26,339,874
+14%
- Algoma Steel GroupASTL
- Share
- 0.4%
- Value
- $21m
- Shares
- 5,277,631
-12%
- Woori Finl GroupWF
- Share
- 0.2%
- Value
- $13m
- Shares
- 682,280
+25%
- Air France KLMAFLYY
- Share
- 0.1%
- Value
- $7m
- Shares
- 4,590,104
Held
- Hudbay MineralsHBM
- Share
- <0.1%
- Value
- $4m
- Shares
- 158,759
New
- Ishares TRIWD
- Share
- <0.1%
- Value
- $3m
- Shares
- 13,000
Held
- Greenfire ResourcesGFR
- Share
- <0.1%
- Value
- $2m
- Shares
- 295,849
New
- Azure Power GlobalAZREF
- Share
- <0.1%
- Value
- $270,226
- Shares
- 270,226
Held
- Resolute Forest Products - Contingent Value RTS
- Share
- <0.1%
- Value
- $8,330
- Shares
- 5,866
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| AerCap HoldingsAER | 7.5% | $425m | 2,912,504 | -8% |
| Eldorado GoldEGO | 4.8% | $273m | 8,767,454 | +21% |
| Centerra GoldCGAU | 4.3% | $245m | 15,447,900 | -2% |
| Harley-DavidsonHOG | 4.0% | $227m | 9,279,072 | -7% |
| M/I HomesMHO | 4.0% | $224m | 1,391,480 | -7% |
| Genworth FinancialGNW | 3.8% | $213m | 22,482,191 | -12% |
| Park Hotels & ResortsPK | 3.7% | $207m | 14,534,708 | -13% |
| IamgoldIAG | 3.6% | $206m | 13,014,250 | -10% |
| SM EnergySM | 3.5% | $200m | 7,647,594 | +6% |
| Jackson FinancialJXN | 3.2% | $183m | 1,789,104 | -5% |
| Allegiant TravelALGT | 3.1% | $176m | 1,493,503 | -10% |
| Ally FinancialALLY | 3.1% | $173m | 3,754,280 | -7% |
| Corebridge FinancialCRBG | 3.0% | $168m | 5,872,642 | -3% |
| PennyMac Financial ServicesPFSI | 2.9% | $164m | 1,882,201 | +37% |
| MosaicMOS | 2.9% | $164m | 7,723,547 | +67% |
| Radian GroupRDN | 2.9% | $163m | 4,329,811 | -6% |
| Everest GroupEG | 2.7% | $153m | 428,873 | -7% |
| SiriusPointSPNT | 2.6% | $148m | 6,164,189 | -35% |
| RLJ Lodging TrustRLJ | 2.6% | $146m | 12,311,807 | -18% |
| Ternium SATX | 2.4% | $134m | 3,141,248 | -14% |
| CitigroupC | 2.3% | $131m | 933,085 | -28% |
| General MotorsGM | 2.2% | $125m | 1,625,838 | -7% |
| West Fraser TimberWFG | 2.0% | $110m | 1,629,983 | -4% |
| Honda MotorHMC | 1.9% | $110m | 4,042,521 | +16% |
| KB HomeKBH | 1.9% | $109m | 1,735,927 | +46% |
| Nomura HldgsNMR | 1.9% | $107m | 12,211,249 | -7% |
| Beazer Homes USABZH | 1.4% | $79m | 2,814,181 | -6% |
| Howard Hughes HoldingsHHH | 1.3% | $72m | 1,002,809 | -4% |
| GerdauGGB | 1.3% | $71m | 17,490,810 | -28% |
| Taylor Morrison Home | 1.1% | $62m | 862,507 | -48% |
| Unum GroupUNM | 1.0% | $58m | 649,485 | -51% |
| Chatham Lodging TrustCLDT | 0.9% | $53m | 3,974,821 | -15% |
| Galiano GoldGAU | 0.9% | $49m | 26,339,874 | +14% |
| Ryerson HoldingRYZ | 0.9% | $49m | 1,992,517 | Held |
| Mohawk IndustriesMHK | 0.7% | $42m | 347,455 | +20% |
| Titan InternationalTWI | 0.7% | $41m | 5,309,428 | +7% |
| Tutor PeriniTPC | 0.7% | $40m | 487,004 | -63% |
| NMI HoldingsNMIH | 0.6% | $36m | 882,495 | +122% |
| Greenbrier CompaniesGBX | 0.6% | $32m | 652,672 | New |
| Hamilton Insurance GroupHG | 0.5% | $30m | 880,490 | -47% |
| Universal Insurance HoldingsUVE | 0.5% | $30m | 721,686 | -39% |
| Global Ship LeaseGSL | 0.5% | $28m | 740,941 | -53% |
| FerroglobeGSM | 0.5% | $26m | 8,126,773 | +50% |
| Algoma Steel GroupASTL | 0.4% | $21m | 5,277,631 | -12% |
| Motorcar Parts of AmericaMPAA | 0.3% | $19m | 1,237,941 | Held |
| Piedmont Realty TrustPDM | 0.3% | $18m | 1,944,080 | New |
| Hooker FurnishingsHOFT | 0.3% | $17m | 952,422 | -11% |
| Woori Finl GroupWF | 0.2% | $13m | 682,280 | +25% |
| MetallusMTUS | 0.2% | $11m | 608,595 | -43% |
| James River Group HoldingsJRVR | 0.2% | $11m | 2,440,347 | +34% |
| Pebblebrook Hotel TrustPEB | 0.2% | $9m | 476,163 | New |
| Air France KLMAFLYY | 0.1% | $7m | 4,590,104 | Held |
| Republic Airways HoldingsRJET | 0.1% | $6m | 273,129 | +198% |
| Kelly ServicesKELYA | 0.1% | $6m | 464,504 | +8% |
| Jakks PacificJAKK | <0.1% | $5m | 205,481 | -7% |
| Dakota GoldDC | <0.1% | $5m | 1,080,000 | Held |
| AdvanSixASIX | <0.1% | $4m | 212,680 | -7% |
| Hudbay MineralsHBM | <0.1% | $4m | 158,759 | New |
| Waterstone FinancialWSBF | <0.1% | $3m | 164,590 | -7% |
| Ishares TRIWD | <0.1% | $3m | 13,000 | Held |
| Bristow GroupVTOL | <0.1% | $2m | 58,157 | -35% |
| Perpetua ResourcesPPTA | <0.1% | $2m | 108,130 | Held |
| American Integrity Insurance GroupAII | <0.1% | $2m | 116,420 | New |
| Greenfire ResourcesGFR | <0.1% | $2m | 295,849 | New |
| Azure Power GlobalAZREF | <0.1% | $270,226 | 270,226 | Held |
| Resolute Forest Products - Contingent Value RTS | <0.1% | $8,330 | 5,866 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 33.0% since 30 June 2025.
Where the money is
Financial services29.5%
Materials21.8%
Retail & consumer16.9%
Real estate8.9%
Technology7.6%
Industrials5.9%
Energy3.6%
Other5.8%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.