Donald Smith

Net buying

Donald Smith & Co., Inc. — managed by Donald Smith; US equity positions disclosed quarterly via SEC 13F

Data as of 2026-03-31 (filed 2026-05-14) · Source: SEC EDGAR

Portfolio value$5.56B (+4%)

Holdings62 (+2)

Top holdingAercap Holdings Nv

Below band5

New

Added

Exited

13F × valuation

Valuation posture

Of 9 valued US positions, 5 trade below a conservative value band (2 in the strike zone) (as of 2026-07-20):

Sm Energy CoSM54% · strike
Nmi Holdings IncNMIH42% · strike
Taylor Morrison Home CorpTMHC33% · below
Everest Group LtdEG25% · below
Aercap Holdings NvAER8% · below

13F · concentration

Lonely conviction

Held by ≤2 tracked superinvestors, each ≥3% of this portfolio (as of 2026-03-31):

SEC 13F · latest filing

Holdings

Security	Value	Valuation	Holders	Shares	Weight	Signal
Aercap Holdings NvAER	$432.2M	Below value	5	3,150,675	7.8%	—
Centerra Gold IncCGAU	$280.6M	—	3	15,771,236	5.0%	Adding 3q
Iamgold Corp	$272.5M	—	—	14,479,039	4.9%	—
Eldorado Gold CorpEGO	$249.8M	—	1	7,275,268	4.5%	—
Sm Energy CoSM	$224.8M	Strike zone	4	7,208,899	4.0%	—
Genworth Financial IncGNW	$206.9M	—	3	25,486,303	3.7%	—
Siriuspoint LtdSPNT	$204.3M	—	2	9,486,460	3.7%	Adding 3q
Harley-Davidson IncHOG	$202.5M	—	2	10,016,874	3.6%	Adding 6q
Jackson Financial IncJXN	$200.1M	—	4	1,892,397	3.6%	—
M/I HomesMHO	$182.5M	—	3	1,490,038	3.3%	—
Park Hotels & Resorts IncPK	$175.1M	—	2	16,628,279	3.2%	Adding 7q
Ally Financial IncALLY	$157.7M	—	6	4,019,715	2.8%	—
Radian Group IncRDN	$152.4M	Below value· unconf.	3	4,605,775	2.7%	Adding 3q
Everest Group LtdEG	$150.4M	Below value	7	460,175	2.7%	Adding 6q
Ternium Sa - Sponsored AdrTX	$146.8M	—	2	3,656,867	2.6%	—
Citigroup IncC	$146.5M	—	13	1,291,904	2.6%	Adding 3q
Corebridge Financial IncCRBG	$144.8M	—	6	6,069,588	2.6%	—
Allegiant Travel CoALGT	$135.2M	—	2	1,668,046	2.4%	—
General MotorsGM	$130.1M	—	10	1,746,952	2.3%	—
Pennymac Financial ServicesPFSI	$119.9M	—	2	1,372,204	2.2%	—
The Mosaic CompanyMOS	$117.8M	—	4	4,617,691	2.1%	—
Rlj Lodging Trust	$111.3M	—	—	15,000,624	2.0%	Adding 7q
West Fraser Timber Co LtdWFG	$111.2M	—	2	1,702,814	2.0%	—
Nomura Holdings IncNMR	$103.9M	—	1	13,169,493	1.9%	Adding 7q
Tutor Perini CorpTPC	$101.4M	—	2	1,313,289	1.8%	—

Aercap Holdings NvAER—
Value$432.2MValuationBelow valueHolders5Weight7.8%
Centerra Gold IncCGAUAdding 3q
Value$280.6MValuation—Holders3Weight5.0%
Iamgold Corp—
Value$272.5MValuation—Holders—Weight4.9%
Eldorado Gold CorpEGO—
Value$249.8MValuation—Holders1Weight4.5%
Sm Energy CoSM—
Value$224.8MValuationStrike zoneHolders4Weight4.0%
Genworth Financial IncGNW—
Value$206.9MValuation—Holders3Weight3.7%
Siriuspoint LtdSPNTAdding 3q
Value$204.3MValuation—Holders2Weight3.7%
Harley-Davidson IncHOGAdding 6q
Value$202.5MValuation—Holders2Weight3.6%
Jackson Financial IncJXN—
Value$200.1MValuation—Holders4Weight3.6%
M/I HomesMHO—
Value$182.5MValuation—Holders3Weight3.3%
Park Hotels & Resorts IncPKAdding 7q
Value$175.1MValuation—Holders2Weight3.2%
Ally Financial IncALLY—
Value$157.7MValuation—Holders6Weight2.8%
Radian Group IncRDNAdding 3q
Value$152.4MValuationBelow value· unconf.Holders3Weight2.7%
Everest Group LtdEGAdding 6q
Value$150.4MValuationBelow valueHolders7Weight2.7%
Ternium Sa - Sponsored AdrTX—
Value$146.8MValuation—Holders2Weight2.6%
Citigroup IncCAdding 3q
Value$146.5MValuation—Holders13Weight2.6%
Corebridge Financial IncCRBG—
Value$144.8MValuation—Holders6Weight2.6%
Allegiant Travel CoALGT—
Value$135.2MValuation—Holders2Weight2.4%
General MotorsGM—
Value$130.1MValuation—Holders10Weight2.3%
Pennymac Financial ServicesPFSI—
Value$119.9MValuation—Holders2Weight2.2%
The Mosaic CompanyMOS—
Value$117.8MValuation—Holders4Weight2.1%
Rlj Lodging TrustAdding 7q
Value$111.3MValuation—Holders—Weight2.0%
West Fraser Timber Co LtdWFG—
Value$111.2MValuation—Holders2Weight2.0%
Nomura Holdings IncNMRAdding 7q
Value$103.9MValuation—Holders1Weight1.9%
Tutor Perini CorpTPC—
Value$101.4MValuation—Holders2Weight1.8%

Showing top 25 of 62 positions

Exited this quarter (5)Civitas Resources Inc、Equinox Gold Corp、Golar Lng Ltd、Cool Co Ltd、Hudbay Minerals

What is a superinvestor

About this investor

Portfolio overview

Donald Smith & Co., Inc.'s most recent 13F filing, for the quarter ended 2026-03-31, reports 62 positions worth $5.56B. The top 5 holdings represent 26% of that value, a broadly diversified portfolio.

The single largest position is Aercap Holdings Nv at 7.8% of the portfolio, followed by Centerra Gold Inc at 5.0% and Iamgold Corp at 4.9%.

Against the prior quarter, Donald Smith opened 7 new positions, exited 5, added to 36, and trimmed 15. The largest new buy was Sm Energy Co. The most notable sale was the full exit from Equinox Gold Corp.

Across all 8 quarters on file, Aercap Holdings Nv has appeared in every filing, as has Centerra Gold Inc. Aercap Holdings Nv currently ranks first by value.

A 13F is filed roughly 45 days after quarter-end and covers only long positions in US-listed equities, so it is a lagging and partial view of the portfolio. Source: SEC EDGAR.

Donald Smith holds 2 positions now in the strike zone. See the full strike-zone list

Sources· SEC EDGAR 13F as of 2026-03-31 · filed 2026-05-14

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