DONALD SMITH & CO., INC.

NEW YORK, NY · CIK 814375 · 13F filing filed 2026-08-11

SEC-registered investment adviser since 1975 · corporation

Assets managed$5.6bn
Staff11 · 6 in investment roles
Main clients (by assets)Private funds 33%, State and local governments 26%, Mutual funds and ETFs 22%
Private funds3 (3 hedge) · $308.7m gross assets
Websitedonaldsmithandco.com
Form ADV · 2026-03-19SEC adviser record

Legal entityDONALD SMITH & CO., INC. (US)

$5.6bn reported value +1.6% vs Q1 2026

66positions

42.5%in top 10

6 new 17 added 38 reduced 2 sold out vs Q1 2026

This report includes the holdings of 1 other manager that shares the investment decisions:

Donald Smith, L.P. – no 13F of its own this quarter

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	AERCAP HOLDINGS NV SHS AER	AER	2,912,504	$424.6m7.52%	7.52%	Reduced -238.2k	-238,171 -7.6%
2	ELDORADO GOLD CORP NEW COM EGO	EGO	8,767,454	$272.6m4.82%	4.82%	Added +1.5m	+1,492,186 20.5%
3	CENTERRA GOLD INC COM CGAU	CGAU	15,447,900	$245.0m4.34%	4.34%	Reduced -323.3k	-323,336 -2.0%
4	HARLEY DAVIDSON INC COM HOG	HOG	9,279,072	$227.0m4.02%	4.02%	Reduced -737.8k	-737,802 -7.4%
5	M/I HOMES INC COM MHO	MHO	1,391,480	$223.7m3.96%	3.96%	Reduced -98.6k	-98,558 -6.6%
6	GENWORTH FINL INC COM SHS GNW	GNW	22,482,191	$212.9m3.77%	3.77%	Reduced -3.0m	-3,004,112 -11.8%
7	PARK HOTELS & RESORTS INC COM PK	PK	14,534,708	$207.1m3.67%	3.67%	Reduced -2.1m	-2,093,571 -12.6%
8	IAMGOLD CORP COM IAG	IAG	13,014,250	$206.1m3.65%	3.65%	Reduced -1.5m	-1,464,789 -10.1%
9	SM ENERGY CO COM SM	SM	7,647,594	$199.6m3.53%	3.53%	Added +438.7k	+438,695 6.1%
10	JACKSON FINANCIAL INC COM CL A JXN	JXN	1,789,104	$183.2m3.24%	3.24%	Reduced -103.3k	-103,293 -5.5%
11	ALLEGIANT TRAVEL CO COM ALGT	ALGT	1,493,503	$175.6m3.11%	3.11%	Reduced -174.5k	-174,543 -10.5%
12	ALLY FINL INC COM ALLY	ALLY	3,754,280	$172.5m3.05%	3.05%	Reduced -265.4k	-265,435 -6.6%
13	COREBRIDGE FINL INC COM CRBG	CRBG	5,872,642	$168.1m2.98%	2.98%	Reduced -196.9k	-196,946 -3.2%
14	PENNYMAC FINL SVCS INC NEW COM PFSI	PFSI	1,882,201	$163.9m2.90%	2.90%	Added +510.0k	+509,997 37.2%
15	MOSAIC CO NEW COM MOS	MOS	7,723,547	$163.7m2.90%	2.90%	Added +3.1m	+3,105,856 67.3%
16	RADIAN GROUP INC COM RDN	RDN	4,329,811	$163.1m2.89%	2.89%	Reduced -276.0k	-275,964 -6.0%
17	EVEREST GROUP LTD COM EG	EG	428,873	$153.2m2.71%	2.71%	Reduced -31.3k	-31,302 -6.8%
18	SIRIUSPOINT LTD COM SPNT	SPNT	6,164,189	$147.9m2.62%	2.62%	Reduced -3.3m	-3,322,271 -35.0%
19	RLJ LODGING TR COM RLJ	RLJ	12,311,807	$145.9m2.58%	2.58%	Reduced -2.7m	-2,688,817 -17.9%
20	TERNIUM SA SPONSORED ADS TX	TX	3,141,248	$134.1m2.37%	2.37%	Reduced -515.6k	-515,619 -14.1%
21	CITIGROUP INC COM NEW C	C	933,085	$130.6m2.31%	2.31%	Reduced -358.8k	-358,819 -27.8%
22	GENERAL MTRS CO COM GM	GM	1,625,838	$125.3m2.22%	2.22%	Reduced -121.1k	-121,114 -6.9%
23	WEST FRASER TIMBER CO LTD COM WFG	WFG	1,629,983	$110.3m1.95%	1.95%	Reduced -72.8k	-72,831 -4.3%
24	HONDA MOTOR LTD ADR ECH CNV IN 3 HMC	HMC	4,042,521	$109.6m1.94%	1.94%	Added +555.3k	+555,346 15.9%
25	KB HOME COM KBH	KBH	1,735,927	$108.7m1.92%	1.92%	Added +544.5k	+544,513 45.7%
26	NOMURA HLDGS INC SPONSORED ADR NMR	NMR	12,211,249	$107.2m1.90%	1.90%	Reduced -958.2k	-958,244 -7.3%
27	BEAZER HOMES USA INC COM NEW BZH	BZH	2,814,181	$78.9m1.40%	1.40%	Reduced -172.4k	-172,381 -5.8%
28	HOWARD HUGHES HOLDINGS INC COM HHH	HHH	1,002,809	$71.7m1.27%	1.27%	Reduced -41.0k	-41,013 -3.9%
29	GERDAU SA SPON ADR REP PFD GGB	GGB	17,490,810	$70.7m1.25%	1.25%	Reduced -6.6m	-6,649,773 -27.6%
30	TAYLOR MORRISON HOME CORP COM TMHC	TMHC	862,507	$61.9m1.10%	1.10%	Reduced -810.2k	-810,186 -48.4%
31	UNUM GROUP COM UNM	UNM	649,485	$58.1m1.03%	1.03%	Reduced -678.4k	-678,447 -51.1%
32	CHATHAM LODGING TR COM CLDT	CLDT	3,974,821	$52.6m0.93%	0.93%	Reduced -681.6k	-681,621 -14.6%
33	GALIANO GOLD INC COM GAU	GAU	26,339,874	$49.3m0.87%	0.87%	Added +3.2m	+3,238,558 14.0%
34	RYERSON HLDG CORP COM RYZ	RYZ	1,992,517	$49.0m0.87%	0.87%	Added +35.6k	+35,584 1.8%
35	MOHAWK INDS INC COM MHK	MHK	347,455	$42.2m0.75%	0.75%	Added +56.9k	+56,890 19.6%
36	TITAN INTL INC ILL COM TWI	TWI	5,309,428	$40.9m0.72%	0.72%	Added +368.3k	+368,271 7.5%
37	TUTOR PERINI CORP COM TPC	TPC	487,004	$40.4m0.72%	0.72%	Reduced -826.3k	-826,285 -62.9%
38	NMI HLDGS INC COM NMIH	NMIH	882,495	$36.3m0.64%	0.64%	Added +484.9k	+484,896 122.0%
39	GREENBRIER COS INC COM GBX	GBX	652,672	$32.0m0.57%	0.57%	New
40	HAMILTON INSURANCE GROUP LTD CL B HG	HG	880,490	$29.9m0.53%	0.53%	Reduced -768.5k	-768,500 -46.6%
41	UNIVERSAL INS HLDGS INC COM UVE	UVE	721,686	$29.8m0.53%	0.53%	Reduced -451.9k	-451,851 -38.5%
42	GLOBAL SHIP LEASE INC NEW COM CL A GSL	GSL	740,941	$27.9m0.49%	0.49%	Reduced -837.2k	-837,241 -53.0%
43	FERROGLOBE PLC SHS GSM	GSM	8,126,773	$25.8m0.46%	0.46%	Added +2.7m	+2,692,069 49.5%
44	ALGOMA STL GROUP INC COM ASTL	ASTL	5,277,631	$21.4m0.38%	0.38%	Reduced -751.3k	-751,298 -12.5%
45	MOTORCAR PTS AMER INC COM MPAA	MPAA	1,237,941	$19.0m0.34%	0.34%	Reduced -22.1k	-22,103 -1.8%
46	PIEDMONT OFFICE REALTY TR IN COM CL A PDM	PDM	1,944,080	$17.8m0.31%	0.31%	New
47	HOOKER FURNISHINGS CORPORATI COM HOFT	HOFT	952,422	$17.0m0.30%	0.30%	Reduced -118.5k	-118,542 -11.1%
48	WOORI FINL GROUP INC SPONSORED ADS WF	WF	682,280	$13.1m0.23%	0.23%	Added +134.6k	+134,590 24.6%
49	METALLUS INC COM MTUS	MTUS	608,595	$11.4m0.20%	0.20%	Reduced -463.2k	-463,224 -43.2%
50	JAMES RIV GROUP HOLDINGS INC COM SHS JRVR	JRVR	2,440,347	$10.7m0.19%	0.19%	Added +619.4k	+619,378 34.0%
51	PEBBLEBROOK HOTEL TR COM PEB	PEB	476,163	$9.2m0.16%	0.16%	New
52	Air France-Klm COM AFLYY	AFLYY	4,590,104	$6.8m0.12%	0.12%	Added +8.7k	+8,677 0.2%
53	REPUBLIC AWYS HLDGS INC COM SHS RJET	RJET	273,129	$5.7m0.10%	0.10%	Added +181.4k	+181,379 197.7%
54	KELLY SVCS INC CL A KELYA	KELYA	464,504	$5.7m0.10%	0.10%	Added +32.6k	+32,600 7.5%
55	JAKKS PAC INC COM NEW JAKK	JAKK	205,481	$4.8m0.08%	0.08%	Reduced -14.9k	-14,900 -6.8%
56	DAKOTA GOLD CORP COM DC	DC	1,080,000	$4.6m0.08%	0.08%	Unchanged
57	ADVANSIX INC COM ASIX	ASIX	212,680	$4.2m0.07%	0.07%	Reduced -15.3k	-15,300 -6.7%
58	HUDBAY MINERALS INC COM HBM	HBM	158,759	$3.7m0.07%	0.07%	New
59	WATERSTONE FINL INC MD COM WSBF	WSBF	164,590	$3.4m0.06%	0.06%	Reduced -11.5k	-11,500 -6.5%
60	ISHARES TR RUS 1000 VAL ETF IWD	IWD	13,000	$3.2m0.06%	0.06%	Unchanged
61	BRISTOW GROUP INC COM VTOL	VTOL	58,157	$2.4m0.04%	0.04%	Reduced -31.9k	-31,900 -35.4%
62	PERPETUA RESOURCES CORP COM PPTA	PPTA	108,130	$2.2m0.04%	0.04%	Unchanged
63	AMERICAN INTEGRITY INS GROUP COM AII	AII	116,420	$2.2m0.04%	0.04%	New
64	GREENFIRE RES LTD NEW COM SHS GFR	GFR	295,849	$1.7m0.03%	0.03%	New
65	AZURE PWR GLOBAL LTD SHS AZREF	AZREF	270,226	$270.2k0.00%	0.00%	Unchanged
66	RESOLUTE FOREST PRODUCTS - CONTINGENT VALUE RTS WTS WTS		5,866	$8.3k0.00%	0.00%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
GUARDIAN METAL RES PLC GMTL	GMTL	1,500,556	$26.2m1.5m shares
GREAT PANTHER MNG LTD GPR	GPR	472,001	$47472.0k shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
BEAZER HOMES USA INC BZH · 13G · filed 2026-08-11	BZH	10.3%≈ $78.9m	-0.1 pts	13G	2026-08-11
GALIANO GOLD INC GAU · 13G · filed 2026-08-11	GAU	10.1%≈ $49.3m	+1.2 pts	13G	2026-08-11
HOOKER FURNISHINGS CORPORATI HOFT · 13G · filed 2026-08-11	HOFT	8.8%≈ $17.0m	-1.1 pts	13G	2026-08-11
HARLEY DAVIDSON INC HOG · 13G · filed 2026-08-11	HOG	8.8%≈ $227.0m	-0.2 pts	13G	2026-08-11
CHATHAM LODGING TR CLDT · 13G · filed 2026-08-11	CLDT	8.5%≈ $52.6m	-1.4 pts	13G	2026-08-11
TITAN INTL INC ILL TWI · 13G · filed 2026-08-11	TWI	8.3%≈ $40.9m	+0.6 pts	13G	2026-08-11
ALLEGIANT TRAVEL CO ALGT · 13G · filed 2026-08-11	ALGT	8.1%≈ $175.6m	-0.9 pts	13G	2026-08-11
RLJ LODGING TR RLJ · 13G · filed 2026-08-11	RLJ	8.1%≈ $145.9m	-1.8 pts	13G	2026-08-11
CENTERRA GOLD INC CGAU · 13G · filed 2026-08-11	CGAU	7.8%≈ $245.0m	-0.1 pts	13G	2026-08-11
PARK HOTELS & RESORTS INC PK · 13G · filed 2026-08-11	PK	7.2%≈ $207.1m	-1.1 pts	13G	2026-08-11
COOL CO LTD CLCO · 13G · filed 2025-11-12	CLCO	6.6%	-0.1 pts	13G	2025-11-12
MOTORCAR PTS AMER INC MPAA · 13G · filed 2026-08-11	MPAA	6.5%≈ $19.0m	-0.1 pts	13G	2026-08-11
GENWORTH FINL INC GNW · 13G · filed 2026-08-11	GNW	5.9%≈ $212.9m	-0.7 pts	13G	2026-08-11
M/I HOMES INC MHO · 13G · filed 2026-08-11	MHO	5.4%≈ $223.7m	-0.4 pts	13G	2026-08-11
JAMES RIV GROUP HOLDINGS INC JRVR · 13G · filed 2026-08-11	JRVR	5.3%≈ $10.7m	new	13G	2026-08-11
SIRIUSPOINT LTD SPNT · 13G · filed 2026-08-11	SPNT	5.2%≈ $147.9m	-2.9 pts	13G	2026-08-11
ALGOMA STL GROUP INC ASTL · 13G · filed 2026-08-11	ASTL	5.0%≈ $21.4m	-0.8 pts	13G	2026-08-11