Donald Smith & Co.'s Q3 2026 Investment Activity

As part of its regular reporting cycle, Donald Smith & Co., the investment vehicle managed by investor Donald G. Smith, has disclosed its portfolio changes for the period ending June 30, 2026 (Q3). The total portfolio value stood at $5.63 billion during this quarter.

The most notable activity involved significant purchases. Investor Donald G. Smith increased his stake in several companies. Notably, he acquired shares of THE MOSAIC COMPANY (MOS), boosting its portfolio allocation from 2.9% to an increase driven by a substantial share buy (+67.26%). Another major purchase was made in the form of new positions, including PIEDMONT REALTY TRUST INC (PDM), which saw its portfolio percentage jump from 0.31% to a higher allocation due to a full 100% increase in holdings.

Conversely, the data indicates major sales during this quarter. Investor Donald G. Smith disposed of substantial portions of his investments. The largest sale was recorded for UNM (likely referring to a stock symbol mentioned in the significant sell list but not present in top holdings or changed_holdings data provided, so we'll note it generally based on indicator), though specific details weren't included in the detailed breakdown. Other notable exits include SIRIUSPOINT LTD (SPNT) and FERROGLOBE PLC (G33856108), both of which saw significant reductions in their portfolio allocations.

The investor also managed smaller changes across other stocks. For instance, holdings in GENWORTH FINANCIAL INC (GNW) and PARK HOTELS & RESORTS INC (PK) decreased, while positions in companies like ELDORADO GOLD CORP (EGO), IAMGOLD Corp. (IAG), and GALIANO GOLD INC (GAU) saw increases, though not as dramatically as the new positions or major sales.

The portfolio's sector allocation also reflects these changes. Financial Services remains a core holding with $1.44 billion allocated ($25.61%). Basic Materials is another significant sector at $1.30 billion (23.08%), including holdings in GNW, EGO, and IAG. Consumer Cyclical allocation decreased slightly to $1.02 billion (18.08%), while the 'Unknown' category saw a slight reduction from $820 million down to $796 million in value, though its percentage allocation remains high at 14.55%.

Overall, Q3 2026 for Donald Smith & Co. was characterized by both strategic buying and selling activities. The investor demonstrated a focus on specific sectors like Basic Materials and Real Estate through notable acquisitions while exiting positions in others. For detailed information about the portfolio changes of Donald Smith & Co., please refer to their latest filing.