DONALD SMITH & CO., INC.
Long book
$5.56B
Q1 2026
Positions
62
Top-10 weight
44%
concentration
Last quarter
+11.5%
SPY +14.8%
Turnover
18%
of book per quarter
Strategy in plain words
auto-generated from filingsDONALD SMITH & CO., INC. is a diversified fundamental manager, running a $5.56B US long book across 62 positions.
The portfolio is moderately concentrated (top 10 ≈ 44% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: AERCAP HOLDINGS NV, CENTERRA GOLD INC, IAMGOLD CORP, ELDORADO GOLD CORP, SM ENERGY CO.
Over the last 9 quarters its long book ran on average 2.6pp per quarter ahead of the S&P 500, beating the index in 6 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.0%
Q2 2024
+13.4%
Q3 2024
-1.0%
Q4 2024
-0.3%
Q1 2025
+11.3%
Q2 2025
+19.1%
Q3 2025
+8.7%
Q4 2025
-0.1%
Q1 2026
+11.5%
Sector allocation
Financials 36%
Industrials 24%
Materials 19%
Services media 9%
Other 6%
Energy 5%
Real estate 1%
Consumer discretionary 1%
Long book by quarter
What does DONALD SMITH own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AER AERCAP HOLDINGS NV | Services media | 3.2M | $432.2M | 7.8% | +2.2% |
| CGAU CENTERRA GOLD INC | Materials | 15.8M | $280.6M | 5.0% | +11.4% |
| IAG IAMGOLD CORP | Materials | 14.5M | $272.5M | 4.9% | -26.2% |
| EGO ELDORADO GOLD CORP | Materials | 7.3M | $249.8M | 4.5% | -1.2% |
| SM SM ENERGY CO | Energy | 7.2M | $224.8M | 4.0% | New |
| GNW GENWORTH FINANCIAL INC | Financials | 25.5M | $206.9M | 3.7% | +7.2% |
| SPNT SIRIUSPOINT LTD | Financials | 9.5M | $204.3M | 3.7% | +12.5% |
| HOG HARLEY-DAVIDSON INC | Industrials | 10.0M | $202.5M | 3.6% | +12.6% |
| JXN JACKSON FINANCIAL INC-A | Financials | 1.9M | $200.1M | 3.6% | -3.2% |
| MHO M/I HOMES INC | Industrials | 1.5M | $182.5M | 3.3% | +1.8% |
| ALLY ALLY FINANCIAL INC | Financials | 4.0M | $157.7M | 2.8% | +47.6% |
| RDN RADIAN GROUP INC | Financials | 4.6M | $152.4M | 2.7% | +52.9% |
| EG EVEREST GROUP LTD | Financials | 460.2K | $150.4M | 2.7% | +5.6% |
| C CITIGROUP INC | Financials | 1.3M | $146.5M | 2.6% | +2.5% |
| CRBG COREBRIDGE FINANCIAL INC | Financials | 6.1M | $144.8M | 2.6% | +39.7% |
| ALGT ALLEGIANT TRAVEL CO | Industrials | 1.7M | $135.2M | 2.4% | -1.8% |
| GM GENERAL MOTORS CO | Industrials | 1.7M | $130.1M | 2.3% | +2.6% |
| PFSI PENNYMAC FINANCIAL SERVICES | Financials | 1.4M | $119.9M | 2.2% | New |
| MOS MOSAIC CO/THE | Other | 4.6M | $117.8M | 2.1% | -0.1% |
| WFG WEST FRASER TIMBER CO LTD | Other | 1.7M | $111.2M | 2.0% | +14.3% |
| TPC TUTOR PERINI CORP | Industrials | 1.3M | $101.4M | 1.8% | -27.4% |
| TMHC TAYLOR MORRISON HOME CORP | Industrials | 1.7M | $97.4M | 1.8% | +1.2% |
| UNM UNUM GROUP | Financials | 1.3M | $97.0M | 1.7% | +1.0% |
| HHH HOWARD HUGHES HOLDINGS INC | Real estate | 1.0M | $66.0M | 1.2% | +2.2% |
| KBH KB HOME | Industrials | 1.2M | $61.7M | 1.1% | +64.2% |
| GSL GLOBAL SHIP LEASE INC-CL A | Industrials | 1.6M | $58.8M | 1.1% | -24.4% |
| GAU GALIANO GOLD INC | Materials | 23.1M | $58.0M | 1.0% | +0.6% |
| BZH BEAZER HOMES USA INC | Industrials | 3.0M | $57.5M | 1.0% | -0.9% |
| HG HAMILTON INSURANCE GROU-CL B | Financials | 1.6M | $49.2M | 0.9% | +6.2% |
| RYZ RYERSON HOLDING CORP | Consumer discretionary | 2.0M | $44.0M | 0.8% | +3.5% |
| UVE UNIVERSAL INSURANCE HOLDINGS | Financials | 1.2M | $40.1M | 0.7% | +2.1% |
| TWI TITAN INTERNATIONAL INC | Industrials | 4.9M | $34.1M | 0.6% | +41.5% |
| MHK MOHAWK INDUSTRIES INC | Other | 290.6K | $28.6M | 0.5% | +0.5% |
| ASTL ALGOMA STEEL GROUP INC | Industrials | 6.0M | $24.9M | 0.4% | +2.9% |
| GSM FERROGLOBE PLC | Materials | 5.4M | $22.4M | 0.4% | +1.4% |
| MTUS METALLUS INC | Industrials | 1.1M | $17.5M | 0.3% | +11.2% |
| NMIH NMI HOLDINGS INC | Financials | 397.6K | $14.9M | 0.3% | +6.0% |
| MPAA MOTORCAR PARTS OF AMERICA IN | Industrials | 1.3M | $13.9M | 0.3% | +31.2% |
| HOFT HOOKER FURNISHINGS CORP | Other | 1.1M | $13.8M | 0.2% | +0.4% |
| JRVR JAMES RIVER GROUP HOLDINGS I | Financials | 1.8M | $11.5M | 0.2% | +9.0% |
| ASIX ADVANSIX INC | Materials | 228.0K | $5.6M | 0.1% | -7.3% |
| DC DAKOTA GOLD CORP | Materials | 1.1M | $5.5M | 0.1% | Held |
| JAKK JAKKS PACIFIC INC | Other | 220.4K | $4.4M | 0.1% | New |
| VTOL BRISTOW GROUP INC | Industrials | 90.1K | $4.2M | 0.1% | -47.9% |
| KELYA KELLY SERVICES INC -A | Services media | 431.9K | $3.8M | 0.1% | New |
| WSBF WATERSTONE FINANCIAL INC | Financials | 176.1K | $3.2M | 0.1% | +37.8% |
| PPTA PERPETUA RESOURCES CORP | Materials | 108.1K | $3.0M | 0.1% | -54.6% |
| RJET REPUBLIC AIRWAYS HOLDINGS IN | Industrials | 91.8K | $1.6M | 0.0% | New |
| AZREF AZURE POWER GLOBAL LTD | — | 270.2K | $270K | 0.0% | -9.7% |
| GPRCHF GREAT PANTHER MINING LTD | — | 472.0K | $47 | 0.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 64 | $5.58B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 11, 2026 | 60 | $5.34B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 60 | $5.01B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 61 | $4.25B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 12, 2025 | 58 | $4.08B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 12, 2025 | 62 | $4.18B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 25, 2024 | 62 | $4.24B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 9, 2024 | 63 | $3.92B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 10, 2024 | 62 | $4.30B | canonical | SEC ↗ |
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