Donald Smith & Co.: Third Quarter Investment Activity Analysis
A detailed look at stock purchases and sales by Donald G. Smith's investment firm during Q3 2026.
As of June 30, 2026, Donald Smith & Co., the investment vehicle managed by Donald G. Smith, showed active portfolio adjustments during the third quarter of this year. The firm's holdings experienced significant changes in share count and allocation percentages compared to the previous period.
Major Purchases This Quarter
The most notable buying activity involved increasing stakes in companies within the Basic Materials sector, which currently accounts for 23.08% of the portfolio's value. THE MOSAIC COMPANY (MOS) saw a substantial increase with shares rising by 67.26%, making it one of the significant buys for this period.
Additionally, NOMURA HOLDINGS INC (NMR), listed under Financial Services, was acquired by the firm. This purchase added to the sector's allocation and reflected confidence in this area.
Furthermore, GERDAU SA (GGB), despite being a Basic Materials holding, experienced a significant increase of 27.55% in shares during the quarter.
Finally, PIEDMONT REALTY TRUST INC (PDM), another Real Estate holding, was notably added to the portfolio with a 100% increase in shares.
Significant Sales and Reductions
The firm also demonstrated active selling during Q3. Several holdings saw substantial reductions or outright exits from the portfolio.
PARK HOTELS & RESORTS INC (PK) was sold significantly, with shares decreasing by 12.59%. This action reduced its allocation percentage to 3.67%.
The stock AERCAP HOLDINGS NV (AER), holding a portfolio weight of 7.52%, experienced a decrease in shares by approximately 7.56% during the quarter, though it remains one of the top holdings due to its substantial value.
HARLEY-DAVIDSON INC (HOG) also saw a notable reduction in position size by 7.37%.
The firm completely exited its position in GLOBAL SHIP LEASE INC, trading symbol Y27183600, which held an allocation of just 0.49%. This was one of the most significant sell actions reported for this quarter.
New Positions and Minor Changes
Alongside major shifts, there were also additions to the portfolio in less prominent sectors or companies with unknown categorization.
The firm initiated a new position in SIRIUSPOINT LTD (SPNT), which now holds an allocation of 2.62%. Another newly added holding is FERROGLOBE PLC with symbol G33856108, currently allocated at 0.46%.
In the Real Estate sector, besides PARK HOTELS & RESORTS INC (PK), the firm also added shares to RLJ LODGING TRUST (RLJ) and increased its stake in M/I HOMES (MHO), though the latter's change was already noted under top holdings.
The overall portfolio shows a high level of turnover, with 58 position changes occurring this quarter. This indicates a dynamic investment strategy focused on optimizing returns based on market movements and opportunities.