DONALD SMITH & CO., INC.
Sector Allocation
- Financials31.6%$1.8B
- Industrials27.3%$1.5B
- Materials22.2%$1.3B
- Consumer Discretionary9.8%$555.0M
- Real Estate5.3%$297.2M
- Energy3.6%$201.3M
- Other0.2%$10.2M
AUM History
13fpro.ai/research/fund/donald-smith-and-co-inc-814375
Conviction and streaks
Diversifying · top 10 = 42.5%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
AER
$424.6MEGO
$272.6MCGAU
$245.0MHOG
$227.0MMHO
$223.7MGNW
$212.9MPK
$207.1MIAG
$206.1MSM
$199.6MJXN
$183.2MALGT
$175.6MALLY
$172.5MCRBD
$168.1MPFSI
$163.9MMOS
$163.7MRDN
$163.1MEG
$153.2MSPNT
$147.9MRLJ
$145.9MTX
$134.1M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/donald-smith-and-co-inc-814375
DONALD SMITH & CO., INC. 13F holdings — Q2 2026
$5.6B portfolio (+1.6% QoQ) · 66 holdings · Q2 2026 13F · top 10 are 43% of the stock portfolio
$424.6M
7.5% of stocks
-8%This quarter-1.0%Since filed11+ qtrsHeld$272.6M
4.8% of stocks
+21%This quarter-18.9%Since filed11+ qtrsHeld$245.0M
4.3% of stocks
-2%This quarter-6.2%Since filed11+ qtrsHeld$227.0M
4.0% of stocks
-7%This quarter+8.0%Since filed7 qtrsHeld$223.7M
4.0% of stocks
-7%This quarter-18.2%Since filed11+ qtrsHeld$212.9M
3.8% of stocks
-12%This quarter-9.5%Since filed11+ qtrsHeld$207.1M
3.7% of stocks
-13%This quarter+15.7%Since filed11+ qtrsHeld$206.1M
3.6% of stocks
-10%This quarter-10.0%Since filed11+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 6 qtrs in a row$199.6M
3.5% of stocks
+6%This quarter+23.5%Since filed2 qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 2 qtrs in a row$183.2M
3.2% of stocks
-5%This quarter+2.7%Since filed11+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 2 qtrs in a row
All holdings — DONALD SMITH & CO., INC. (Q2 2026)
66 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | Allegiant Travel CO | Industrials | $175.6M | 3.1% | 1.49M | -10% | 11+ qtrsTrimmed 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | Ally Financial Inc. | Financials | $172.5M | 3.0% | 3.75M | -7% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | Corebridge Financial, Inc. | Financials | $168.1M | 3.0% | 5.87M | -3% | 10 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | PennyMac Financial Services, Inc. | Financials | $163.9M | 2.9% | 1.88M | +37% | 2 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | MOSAIC CO | Materials | $163.7M | 2.9% | 7.72M | +67% | 7 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | RADIAN GROUP INC | Financials | $163.1M | 2.9% | 4.33M | -6% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | EVEREST GROUP, LTD. | Financials | $153.2M | 2.7% | 429K | -7% | 7 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | SiriusPoint Ltd | Financials | $147.9M | 2.6% | 6.16M | -35% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | RLJ Lodging Trust | Real Estate | $145.9M | 2.6% | 12.31M | -18% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | Ternium S.A.adr | Materials | $134.1M | 2.4% | 3.14M | -14% | 7 qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | CITIGROUP INC | Financials | $130.6M | 2.3% | 933K | -28% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | General Motors Co | Consumer Discretionary | $125.3M | 2.2% | 1.63M | -7% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | WEST FRASER TIMBER CO., LTD | Industrials | $110.3M | 1.9% | 1.63M | -4% | 3 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | HONDA MOTOR CO LTDadr | Consumer Discretionary | $109.6M | 1.9% | 4.04M | +16% | 4 qtrsAdded 4 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | KB HOME | Industrials | $108.7M | 1.9% | 1.74M | +46% | 11+ qtrsAdded 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $NMR | NOMURA HOLDINGS INC | Financials | $107.2M | 1.9% | 12.21M | -7% | |||
| 27 | $BZH | BEAZER HOMES USA INC | Industrials | $78.9M | 1.4% | 2.81M | -6% | |||
| 28 | $HHH | Howard Hughes Holdings Inc. | Real Estate | $71.7M | 1.3% | 1.00M | -4% | |||
| 29 | $GGB | GERDAU S.A. | Materials | $70.7M | 1.3% | 17.49M | -28% | |||
| 30 | $TMHC | Taylor Morrison Home Corp | Industrials | $61.9M | 1.1% | 863K | -48% | |||
| 31 | $UNM | Unum Group | Financials | $58.1M | 1.0% | 649K | -51% | |||
| 32 | $CLDT | Chatham Lodging Trust | Real Estate | $52.6M | 0.9% | 3.97M | -15% | |||
| 33 | $GAU | Galiano Gold Inc. | Materials | $49.3M | 0.9% | 26.34M | +14% | |||
| 34 | $RYZ | Ryerson Holding Corp | Consumer Discretionary | $49.0M | 0.9% | 1.99M | +2% | |||
| 35 | $MHK | MOHAWK INDUSTRIES INC | Consumer Discretionary | $42.2M | 0.8% | 347K | +20% | |||
| 36 | $TWI | TITAN INTERNATIONAL INC | Materials | $40.9M | 0.7% | 5.31M | +7% | |||
| 37 | $TPC | TUTOR PERINI CORP | Industrials | $40.4M | 0.7% | 487K | -63% | |||
| 38 | $NMIH | NMI Holdings, Inc. | Financials | $36.3M | 0.6% | 882K | +122% | |||
| 39 | $GBX | GREENBRIER COMPANIES INC | Industrials | $32.0M | 0.6% | 653K | New | |||
| 40 | $HG | Hamilton Insurance Group, Ltd. | Financials | $29.9M | 0.5% | 880K | -47% | |||
| 41 | $UVE | UNIVERSAL INSURANCE HOLDINGS, INC. | Financials | $29.8M | 0.5% | 722K | -39% | |||
| 42 | $GSL | Global Ship Lease, Inc. | Industrials | $27.9M | 0.5% | 741K | -53% | |||
| 43 | $GSM | Ferroglobe PLC | Materials | $25.8M | 0.5% | 8.13M | +50% | |||
| 44 | $ASTL | Algoma Steel Group Inc. | Materials | $21.4M | 0.4% | 5.28M | -12% | |||
| 45 | $MPAA | MOTORCAR PARTS OF AMERICA INC | Industrials | $19.0M | 0.3% | 1.24M | -2% | |||
| 46 | $PDM | Piedmont Realty Trust, Inc. | Real Estate | $17.8M | 0.3% | 1.94M | New | |||
| 47 | $HOFT | HOOKER FURNISHINGS Corp | Consumer Discretionary | $17.0M | 0.3% | 952K | -11% | |||
| 48 | $WF | WOORI FINANCIAL GROUP INC. | Financials | $13.1M | 0.2% | 682K | +25% | |||
| 49 | $MTUS | Metallus Inc. | Materials | $11.4M | 0.2% | 609K | -43% | |||
| 50 | $JRVR | James River Group Holdings, Inc. | Financials | $10.7M | 0.2% | 2.44M | +34% | |||
| 51 | $PEB | Pebblebrook Hotel Trust | Real Estate | $9.2M | 0.2% | 476K | New | |||
| 52 | — | AIR FRANCE KLM - COM | — | $6.8M | 0.1% | 4.59M | +0.2% | |||
| 53 | $RJET | REPUBLIC AIRWAYS HOLDINGS INC. | Industrials | $5.7M | 0.1% | 273K | +198% | |||
| 54 | $KELYA | KELLY SERVICES INC | Industrials | $5.7M | 0.1% | 465K | +8% | |||
| 55 | $JAKK | JAKKS PACIFIC INC | Consumer Discretionary | $4.8M | 0.1% | 205K | -7% | |||
| 56 | $DC | Dakota Gold Corp. | Materials | $4.6M | 0.1% | 1.08M | — | |||
| 57 | $ASIX | AdvanSix Inc. | Materials | $4.2M | 0.1% | 213K | -7% | |||
| 58 | $HBM | Hudbay Minerals Inc. | Materials | $3.7M | 0.1% | 159K | New | |||
| 59 | $WSBF | Waterstone Financial, Inc. | Financials | $3.4M | 0.1% | 165K | -7% | |||
| 60 | — | RUSSELL 1000 - COM | — | $3.2M | 0.1% | 13K | — | |||
| 61 | $VTOL | Bristow Group Inc. | Industrials | $2.4M | 0.0% | 58K | -35% | |||
| 62 | $PPTA | PERPETUA RESOURCES CORP. | Materials | $2.2M | 0.0% | 108K | — | |||
| 63 | $AII | American Integrity Insurance Group, Inc. | Financials | $2.2M | 0.0% | 116K | New | |||
| 64 | $GFR | Greenfire Resources Ltd. | Energy | $1.7M | 0.0% | 296K | New | |||
| 65 | — | AZURE POWER GLOBAL LTD - COM | — | $270K | 0.0% | 270K | — | |||
| 66 | — | RESOLUTE FOREST PRODUCTS - CONTINGENT VALUE RTS - WTS | — | $8K | 0.0% | 5,866 | — |
What changed in Q2 2026
Against the previous quarter's 13F: 6 new, 17 added to, 38 trimmed, 2 sold out. Share-count changes; largest moves by dollar size first.
New positions (6)
$GBXGREENBRIER COMPANIES INC$32.0M
first bought this quarter
$PDMPiedmont Realty Trust, Inc.$17.8M
first bought this quarter
$PEBPebblebrook Hotel Trust$9.2M
first bought this quarter
$HBMHudbay Minerals Inc.$3.7M
first bought this quarter
$AIIAmerican Integrity Insurance Group, Inc.$2.2M
first bought this quarter
$GFRGreenfire Resources Ltd.$1.7M
first bought this quarter
Added to (17)
now $163.7M · held 7 qtrs
now $272.6M · held 11+ qtrs
now $163.9M · held 2 qtrs, 2 adds in a row
$KBHKB HOME+46%
now $108.7M · held 11+ qtrs, 3 adds in a row
$NMIHNMI Holdings, Inc.+122%
now $36.3M · held 9 qtrs, 2 adds in a row
$HMCHONDA MOTOR CO LTD+16%
now $109.6M · held 4 qtrs, 4 adds in a row
+11 more in the Excel export
Trimmed (38)
now $147.9M · held 11+ qtrs
$TPCTUTOR PERINI CORP-63%
now $40.4M · held 11+ qtrs, 5 trims in a row
$UNMUnum Group-51%
now $58.1M · held 11+ qtrs
$TMHCTaylor Morrison Home Corp-48%
now $61.9M · held 11+ qtrs
$CCITIGROUP INC-28%
now $130.6M · held 11+ qtrs
now $424.6M · held 11+ qtrs
+32 more in the Excel export
Sold out (2)
$GMTLGuardian Metal Resources PLCwas $26.2M
held 1 qtr
- GREAT PANTHER MININGwas $47
Holdings by quarter
Every 13F DONALD SMITH & CO., INC. has filed, 41 earlier quarters. Pick one to see what it held then.
Is it too late to follow DONALD SMITH?
Q2 2026 13F filed with the SEC on Aug 11, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of DONALD SMITH's top 20 holdings: 55/100 (our AI quality score, weighted by position size; 14 of the 20 are scored)
Top 10 since filing
-2.1%
Value-weighted move of the 10 largest stock positions
Turnover
6%
Last quarter; 34% over the last 4
Top 10 weight
43%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
90%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q4 2023 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
DONALD SMITH & CO., INC. disclosed 66 positions worth $5.6B in its Form 13F-HR for Q2 2026, led by $AER (AerCap Holdings N.V.) at 7.5% of the equity portfolio, followed by $EGO and $CGAU. During the quarter the fund opened 6 new positions and exited 2 — including a new stake in $GBX and a full exit from $GMTL. The portfolio is most concentrated in Financials (31.6% of disclosed assets). All figures are sourced directly from DONALD SMITH & CO., INC.’s Form 13F-HR filing with the SEC under CIK 814375.
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