Donald Smith & Co., Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 11, 2026), Donald Smith & Co., Inc. reported 60 stock positions worth $5.3 billion. Its top holding was Aercap (AER) at 8.3% of the portfolio, followed by Iamgold (IAG, 6.1%) and Eldorado Gold (EGO, 5.0%). Compared with Q3 2025, it opened 2 new positions, sold out of 2, added to 28 and reduced 25. The biggest buy was a new position in West Fraser Timber (WFG) and the biggest sale Equinox Gold (EQX, shares −65%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0000814375
- Portfolio Value
- $5.3B (Q4 2025)
- SEC Filing
- 0000814375-26-000013 ↗ filed Feb 11, 2026
Holdings Value
Holdings 60 stocks · $5.3B
| AER Aercap Holdings NV | 8.30% | 3,082,705 | $443.2M | Reduce -1.3% |
| IAG Iamgold Corp. | 6.06% | 19,630,207 | $323.7M | Reduce -20.4% |
| EGO Eldorado Gold Corp. | 4.95% | 7,360,022 | $264.4M | Reduce -6.5% |
| GNW Genworth Financial Inc. | 4.02% | 23,775,853 | $214.7M | Reduce -4.8% |
| JXN Jackson Financial Inc. Class A | 3.90% | 1,954,400 | $208.4M | Reduce -0.5% |
| CGAU Centerra Gold Inc. | 3.81% | 14,158,116 | $203.5M | Add +21.8% |
| MHO M/I Homes Inc. | 3.51% | 1,463,340 | $187.2M | Add +5.9% |
| SPNT Siriuspoint Ltd. | 3.46% | 8,428,966 | $184.5M | Add +13.9% |
| HOG Harley-Davidson Inc. | 3.42% | 8,899,204 | $182.3M | Add +30.8% |
| PK Park Hotels & Resorts Inc. | 2.86% | 14,617,921 | $152.9M | Add +14.2% |
| EG Everest Group Ltd. | 2.77% | 435,696 | $147.9M | Add +11.3% |
| C Citigroup Inc. | 2.76% | 1,260,430 | $147.1M | Add +4.7% |
| TX Ternium SA-Sponsored ADR | 2.72% | 3,808,645 | $145.5M | Add +1.8% |
| ALGT Allegiant Travel Co. | 2.71% | 1,697,898 | $144.8M | Reduce -4.1% |
| GM General Motors Co. | 2.59% | 1,702,430 | $138.4M | Reduce -4.5% |
| CRBG Corebridge Financial Inc. | 2.46% | 4,344,219 | $131.1M | Add +27.3% |
| ALLY Ally Financial Inc. | 2.31% | 2,722,909 | $123.3M | Add +6.4% |
| CIVI Civitas Resources Inc. | 2.28% | 4,485,476 | $121.5M | Add +3.7% |
| TPC Tutor Perini Corp. | 2.27% | 1,810,076 | $121.3M | Reduce -4.3% |
| MOS The Mosaic Co. | 2.09% | 4,622,405 | $111.4M | Add +25.2% |
| RDN Radian Group Inc. | 2.03% | 3,012,255 | $108.4M | Add +43.7% |
| NMR Nomura Holdings Inc.-Spon ADR | 2.00% | 12,695,534 | $106.5M | Add +2.2% |
| UNM Unum Group | 1.91% | 1,315,212 | $101.9M | Reduce -26.1% |
| EQX Equinox Gold Corp. | 1.85% | 7,049,326 | $99.0M | Reduce -64.8% |
| RLJ RLJ Lodging Trust | 1.83% | 13,140,744 | $97.9M | Add +23.1% |
| TMHC Taylor Morrison Home Corp. | 1.82% | 1,652,725 | $97.3M | Reduce -1.7% |
| WFG West Fraser Timber Co. Ltd. | 1.70% | 1,489,342 | $91.0M | New |
| GGB Gerdau SA -Spon ADR | 1.67% | 24,211,588 | $89.3M | Add +49.2% |
| HHH Howard Hughes Holdings Inc. | 1.53% | 1,020,969 | $81.4M | Reduce -6.0% |
| GLNG Golar LNG Ltd. | 1.50% | 2,151,627 | $80.1M | Reduce -6.3% |
| HMC Honda Motor Co. Ltd.-Spons ADR | 1.46% | 2,648,828 | $78.1M | Add +28.7% |
| GSL Global Ship Lease Inc. Class A | 1.37% | 2,088,499 | $73.2M | Reduce -34.4% |
| BZH Beazer Homes USA Inc. | 1.14% | 3,014,788 | $61.1M | Reduce -0.5% |
| GAU Galiano Gold Inc. | 1.09% | 22,956,283 | $58.1M | Reduce -4.8% |
| RYZ Ryerson Holding Corp. | 0.89% | 1,889,916 | $47.6M | Add +207.9% |
| HG Hamilton Insurance Grou Class B | 0.81% | 1,552,870 | $43.3M | Add +71.3% |
| KBH KB Home | 0.77% | 725,394 | $40.9M | Add +387.8% |
| UVE Universal Insurance Holdings | 0.73% | 1,149,374 | $38.8M | Reduce -23.1% |
| CLDT Chatham Lodging Trust | 0.60% | 4,684,548 | $31.9M | Add +1.9% |
| MHK Mohawk Industries Inc. | 0.59% | 289,009 | $31.6M | Add +3.9% |
| TWI Titan International Inc. | 0.51% | 3,491,649 | $27.3M | Add +59.1% |
| GSM Ferroglobe PLC | 0.47% | 5,359,073 | $24.9M | Reduce -29.1% |
| ASTL Algoma Steel Group Inc. | 0.45% | 5,861,631 | $24.0M | Reduce -1.3% |
| MTUS Metallus Inc. | 0.31% | 963,671 | $16.5M | Add +49.6% |
| NMIH Nmi Holdings Inc. filed as NMI HLDGS INC | 0.29% | 375,207 | $15.3M | Reduce -18.4% |
| HOFT Hooker Furnishings Corp. | 0.23% | 1,066,754 | $12.0M | Add +7.1% |
| MPAA Motorcar Parts of America Inc. | 0.22% | 960,289 | $11.8M | Add +21.5% |
| JRVR James River Group Holdings I | 0.20% | 1,671,220 | $10.6M | Add +434.9% |
| CLCO Cool Co. Ltd. | 0.13% | 737,772 | $7.1M | Reduce -78.8% |
| VTOL Bristow Group Inc. | 0.12% | 172,897 | $6.3M | Reduce -23.9% |
| DC Dakota Gold Corp. | 0.11% | 1,080,000 | $6.1M | No change |
| AFLYY Air France-KLM-ADR | 0.11% | 4,580,489 | $6.0M | Reduce -0.3% |
| PPTA Perpetua Resources Corp. | 0.11% | 238,000 | $5.8M | No change |
| ASIX Advansix Inc. | 0.08% | 245,950 | $4.3M | Add +8.6% |
| IWD iShares Russell 1000 Value E | 0.05% | 13,000 | $2.7M | Reduce -20.3% |
| WSBF Waterstone Financial Inc. | 0.04% | 127,770 | $2.1M | New |
| HBM Hudbay Minerals Inc. | 0.01% | 35,913 | $713K | Reduce -99.4% |
| AZREF Azure Power Global Ltd. | 0.01% | 299,126 | $299K | No change |
| RESOLUTE FOREST PRODUCTS - CONTINGENT VALUE RTS | 0.00% | 5,866 | $8K | No change |
| GPLDQ Great Panther Mining Ltd. | 0.00% | 472,001 | $47 | No change |
Portfolio Sells Q3 2025 → Q4 2025
| EQX Equinox Gold Corp. | Reduce -64.8% | 1.85% | −2.63 |
| HBM Hudbay Minerals Inc. | Reduce -99.4% | 0.01% | −1.73 |
| UNM Unum Group | Reduce -26.1% | 1.91% | −0.85 |
| GSL Global Ship Lease Inc. Class A | Reduce -34.4% | 1.37% | −0.58 |
| CLCO Cool Co. Ltd. | Reduce -78.8% | 0.13% | −0.52 |
| GNW Genworth Financial Inc. | Reduce -4.8% | 4.02% | −0.41 |
| TMHC Taylor Morrison Home Corp. | Reduce -1.7% | 1.82% | −0.39 |
| GLNG Golar LNG Ltd. | Reduce -6.3% | 1.50% | −0.35 |
| BZH Beazer Homes USA Inc. | Reduce -0.5% | 1.14% | −0.34 |
| IAG Iamgold Corp. | Reduce -20.4% | 6.06% | −0.29 |
| HHH Howard Hughes Holdings Inc. | Reduce -6.0% | 1.53% | −0.25 |
| GSM Ferroglobe PLC | Reduce -29.1% | 0.47% | −0.22 |
| TPC Tutor Perini Corp. | Reduce -4.3% | 2.27% | −0.20 |
| NMIH Nmi Holdings Inc. | Reduce -18.4% | 0.29% | −0.06 |
| GHLD Guild Holdings Co. Class A | Sold out | 0.00% | −0.06 |
| JXN Jackson Financial Inc. Class A | Reduce -0.5% | 3.90% | −0.06 |
| UVE Universal Insurance Holdings | Reduce -23.1% | 0.73% | −0.06 |
| VTOL Bristow Group Inc. | Reduce -23.9% | 0.12% | −0.04 |
| AFLYY Air France-KLM-ADR | Reduce -0.3% | 0.11% | −0.02 |
| IWD iShares Russell 1000 Value E | Reduce -20.3% | 0.05% | −0.01 |
| MU Micron Technology Inc. | Sold out | 0.00% | −0.01 |
| ASTL Algoma Steel Group Inc. | Reduce -1.3% | 0.45% | +0.03 |
| GAU Galiano Gold Inc. | Reduce -4.8% | 1.09% | +0.03 |
| EGO Eldorado Gold Corp. | Reduce -6.5% | 4.95% | +0.41 |
| GM General Motors Co. | Reduce -4.5% | 2.59% | +0.43 |
| ALGT Allegiant Travel Co. | Reduce -4.1% | 2.71% | +0.57 |
| AER Aercap Holdings NV | Reduce -1.3% | 8.30% | +0.76 |
Portfolio Buys Q3 2025 → Q4 2025
| WFG West Fraser Timber Co. Ltd. | New | 1.70% | +1.70 |
| CGAU Centerra Gold Inc. | Add +21.8% | 3.81% | +1.32 |
| SPNT Siriuspoint Ltd. | Add +13.9% | 3.46% | +0.79 |
| GGB Gerdau SA -Spon ADR | Add +49.2% | 1.67% | +0.67 |
| RYZ Ryerson Holding Corp. | Add +207.9% | 0.89% | +0.61 |
| KBH KB Home | Add +387.8% | 0.77% | +0.58 |
| RDN Radian Group Inc. | Add +43.7% | 2.03% | +0.52 |
| HG Hamilton Insurance Grou Class B | Add +71.3% | 0.81% | +0.36 |
| C Citigroup Inc. | Add +4.7% | 2.76% | +0.32 |
| ALLY Ally Financial Inc. | Add +6.4% | 2.31% | +0.31 |
| RLJ RLJ Lodging Trust | Add +23.1% | 1.83% | +0.30 |
| CRBG Corebridge Financial Inc. | Add +27.3% | 2.46% | +0.27 |
| HMC Honda Motor Co. Ltd.-Spons ADR | Add +28.7% | 1.46% | +0.20 |
| NMR Nomura Holdings Inc.-Spon ADR | Add +2.2% | 2.00% | +0.19 |
| TWI Titan International Inc. | Add +59.1% | 0.51% | +0.18 |
| JRVR James River Group Holdings I | Add +434.9% | 0.20% | +0.16 |
| TX Ternium SA-Sponsored ADR | Add +1.8% | 2.72% | +0.13 |
| MTUS Metallus Inc. | Add +49.6% | 0.31% | +0.10 |
| WSBF Waterstone Financial Inc. | New | 0.04% | +0.04 |
| EG Everest Group Ltd. | Add +11.3% | 2.77% | +0.04 |
| PK Park Hotels & Resorts Inc. | Add +14.2% | 2.86% | +0.04 |
| HOFT Hooker Furnishings Corp. | Add +7.1% | 0.23% | +0.02 |
| ASIX Advansix Inc. | Add +8.6% | 0.08% | −0.01 |
| CLDT Chatham Lodging Trust | Add +1.9% | 0.60% | −0.02 |
| MPAA Motorcar Parts of America Inc. | Add +21.5% | 0.22% | −0.04 |
| MHK Mohawk Industries Inc. | Add +3.9% | 0.59% | −0.12 |
| HOG Harley-Davidson Inc. | Add +30.8% | 3.42% | −0.37 |
| MOS The Mosaic Co. | Add +25.2% | 2.09% | −0.47 |
| MHO M/I Homes Inc. | Add +5.9% | 3.51% | −0.47 |
| CIVI Civitas Resources Inc. | Add +3.7% | 2.28% | −0.53 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 66 | $5.6B | AER, EGO, CGAU, HOG, MHO |
| Q1 2026 | 62 | $5.6B | AER, CGAU, IAG, EGO, SM |
| Q4 2025 | 60 | $5.3B | AER, IAG, EGO, GNW, JXN |
| Q3 2025 | 60 | $5.0B | AER, IAG, EGO, EQX, GNW |
| Q2 2025 | 61 | $4.2B | AER, EGO, GNW, IAG, MHO |
| Q1 2025 | 58 | $4.1B | AER, EGO, GNW, IAG, X |
| Q4 2024 | 62 | $4.2B | AER, GNW, UNM, EGO, CIVI |
| Q3 2024 | 62 | $4.2B | AER, EGO, MHO, JXN, UNM |
| Q2 2024 | 63 | $3.9B | AER, EGO, MHO, X, CIVI |
| Q1 2024 | 62 | $4.3B | AER, MHO, UNM, EGO, X |