Donald Smith & Co Portfolio holdings
Donald Smith & Co. is a deep value stock investor that buys companies in the cheapest tenth of the market by price relative to tangible book value. Its analysts study the quality of each company's book value and look for hidden assets and liabilities before buying. Founder Donald G. Smith, who died in 2019, worked with Richard Greenberg for nearly four decades, and Greenberg and Jon Hartsel lead the firm. Employees own most of the firm, which runs separate accounts in all-cap, large-, mid-, small- and micro-cap, and global value styles.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
The Mosaic Company
MOS
|
+$71.8M |
| 2 |
Eldorado Gold
EGO
|
+$48.6M |
| 3 |
PennyMac Financial
PFSI
|
+$44.4M |
| 4 |
The Greenbrier Companies
GBX
|
+$32.1M |
| 5 |
KB Home
KBH
|
+$28.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SiriusPoint
SPNT
|
+$76.1M |
| 2 |
Tutor Perini Cor
TPC
|
+$66.5M |
| 3 |
Unum
UNM
|
+$56.2M |
| 4 |
Taylor Morrison
TMHC
|
+$51.5M |
| 5 |
Citigroup
C
|
+$46.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 31.62% |
| 2 | Materials | 23.46% |
| 3 | Consumer Discretionary | 18.02% |
| 4 | Industrials | 14.31% |
| 5 | Real Estate | 8.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
26
Nomura Holdings
NMR
$28.2B
| $107M | 1.9% |
12,211,249
-958,244
| -7% | -$7.97M |
2024 Q3
7 quarters
|
|
27
DELISTED
Beazer Homes USA
BZH
| $78.9M | 1.4% |
2,814,181
-172,381
| -6% | -$4.08M |
2017 Q4
34 quarters
|
|
28
Howard Hughes
HHH
$4.99B
| $71.7M | 1.27% |
1,002,809
-41,013
| -4% | -$2.67M |
2020 Q1
25 quarters
|
|
29
Gerdau
GGB
$9.04B
| $70.7M | 1.25% |
17,490,810
-6,649,773
| -28% | -$29.5M |
2025 Q2
4 quarters
|
|
|
30
DELISTED
Taylor Morrison
TMHC
| $61.9M | 1.1% |
862,507
-810,186
| -48% | -$51.5M |
2017 Q1
37 quarters
|
|
|
31
Unum
UNM
$12.5B
| $58.1M | 1.03% |
649,485
-678,447
| -51% | -$56.2M |
2015 Q4
42 quarters
|
|
32
Chatham Lodging
CLDT
$761M
| $52.6M | 0.93% |
3,974,821
-681,621
| -15% | -$7.05M |
2022 Q4
14 quarters
|
|
33
Galiano Gold
GAU
$653M
| $49.3M | 0.87% |
26,339,874
+3,238,558
| +14% | +$7.5M |
2015 Q2
44 quarters
|
|
34
Ryerson Holding Corp
RYZ
$1.54B
| $49M | 0.87% |
1,992,517
+35,584
| +2% | +$940K |
2025 Q2
4 quarters
|
|
35
Mohawk Industries
MHK
$8.77B
| $42.2M | 0.75% |
347,455
+56,890
| +20% | +$5.98M |
2025 Q2
4 quarters
|
|
36
Titan International
TWI
$333M
| $40.9M | 0.72% |
5,309,428
+368,271
| +7% | +$2.84M |
2024 Q3
7 quarters
|
|
|
37
Tutor Perini Cor
TPC
$5.25B
| $40.4M | 0.72% |
487,004
-826,285
| -63% | -$66.5M |
2018 Q3
31 quarters
|
|
38
NMI Holdings
NMIH
$2.86B
| $36.3M | 0.64% |
882,495
+484,896
| +122% | +$18.5M |
2024 Q2
8 quarters
|
|
|
39
The Greenbrier Companies
GBX
$1.29B
| $32M | 0.57% |
+652,672
| New | +$32.1M |
2026 Q2
0 quarters
|
|
40
Hamilton Insurance Group
HG
$3.76B
| $29.9M | 0.53% |
880,490
-768,500
| -47% | -$24.1M |
2025 Q2
4 quarters
|
|
41
Universal Insurance Holdings
UVE
$1.32B
| $29.8M | 0.53% |
721,686
-451,851
| -39% | -$17M |
2021 Q2
20 quarters
|
|
42
Global Ship Lease
GSL
$1.52B
| $27.9M | 0.49% |
740,941
-837,241
| -53% | -$32.7M |
2022 Q4
14 quarters
|
|
43
FerroAtlántica
GSM
$521M
| $25.8M | 0.46% |
8,126,773
+2,692,069
| +50% | +$11.1M |
2024 Q3
7 quarters
|
|
44
Algoma Steel
ASTL
$606M
| $21.4M | 0.38% |
5,277,631
-751,298
| -12% | -$3.61M |
2022 Q3
15 quarters
|
|
45
Motorcar Parts of America
MPAA
$140M
| $19M | 0.34% |
1,237,941
-22,103
| -2% | -$267K |
2022 Q1
17 quarters
|
|
46
Piedmont Realty Trust
PDM
$1.22B
| $17.8M | 0.31% |
+1,944,080
| New | +$16M |
2026 Q2
0 quarters
|
|
47
Hooker Furnishings Corp
HOFT
$153M
| $17M | 0.3% |
952,422
-118,542
| -11% | -$1.62M |
2022 Q1
17 quarters
|
|
48
Woori Financial
WF
$17.2B
| $13.1M | 0.23% |
682,280
+134,590
| +25% | +$8.73M |
2026 Q1
1 quarter
|
|
49
Metallus
MTUS
$720M
| $11.4M | 0.2% |
608,595
-463,224
| -43% | -$8.7M |
2025 Q2
4 quarters
|
|
50
James River Group Holdings
JRVR
$146M
| $10.7M | 0.19% |
2,440,347
+619,378
| +34% | +$3.05M |
2025 Q3
3 quarters
|
|
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Donald Smith & Co's Q2 2026 Portfolio in Review
As of Q2 2026, Donald Smith & Co held 68 positions worth $5.65B, up 1.6% from $5.56B the previous quarter. Its ten largest holdings account for 43% of the portfolio.
Donald Smith & Co withdrew a net $393M in Q2 2026, closing 2 positions and reducing 38 holdings. Its most notable exit was Guardian Metal Resources, an estimated $26.2M position sold in full.
By sector, the portfolio is most concentrated in Financials at 32% of assets, down from 33% a quarter earlier, followed by Materials and Consumer Discretionary.
Against the trend, Donald Smith & Co opened a new position in The Greenbrier Companies worth $32M.
- Donald Smith & Co's largest Q2 2026 buy was The Greenbrier Companies: 652,672 shares worth $32M.
- Donald Smith & Co added most to The Mosaic Company in Q2 2026, an estimated $71.8M increase.
- Donald Smith & Co's biggest Q2 2026 reduction was SiriusPoint, cutting an estimated $76.1M.
- Donald Smith & Co fully exited Guardian Metal Resources in Q2 2026, selling an estimated $26.2M.
- Donald Smith & Co's ten largest holdings make up 43% of its $5.65B portfolio in Q2 2026.
- Donald Smith & Co opened 6 new positions and closed 2 in Q2 2026.
- Donald Smith & Co's portfolio value rose 1.6% quarter-over-quarter to $5.65B.
Based on Donald Smith & Co's 13F filing for Q2 2026, filed 11 Aug 2026.