Donald Smith & Co. Q1 2026 Portfolio Highlights: Major Increases in Gold Stocks

Donald Smith & Co. reported substantial changes to its portfolio during the first quarter of 2026, as indicated by the latest filing data. The firm's total portfolio value stands at $5.52 billion as of March 31, 2026.

Among the most significant moves was a 35.69% increase in shares of Centerra Gold Inc. (CGAU), which saw a substantial 4.15 million share purchase. This position now accounts for 5.05% of the portfolio. IAMGOLD Corp. (IAG) experienced a significant reduction, with a 41.27% decrease in shares (-10.17 million shares), now representing 4.9% of the portfolio.

Other notable purchases include ELDORADO GOLD CORP (EGO), where shares increased by 7.63% (-600,864 shares), and JACKSON FINANCIAL INC (JXN), with a 3.68% increase (+72,227 shares). Centerra Gold Inc. (CGAU) and IAMGOLD Corp. (IAG) both belong to the Basic Materials sector.

Energy sector exposure was bolstered by a 100% increase in SM ENERGY CO (SM) shares, acquired entirely new, now comprising 4.04% of the portfolio. Consumer Cyclical holdings saw activity in M/I HOMES (MHO) (+7.88%) and HARLEY-DAVIDSON INC (HOG) (+47.23%).

Financial Services sector saw mixed activity, with GENWORTH FINANCIAL INC. (GNW) (+2.04%) and SIRIUSPOINT LTD (SPNT) (+28.15%) seeing share increases, while JACKSON FINANCIAL INC (JXN) saw a slight decrease.

No new positions were disclosed beyond those mentioned, and no fully exited positions were indicated in the top holdings list. For more detailed analysis, visit the investor profile at https://www.insiderset.com/investor/donald-g-smith-donald-smith-and-co or explore specific stock holdings like AERCAP HOLDINGS NV (AER), CENTERRA GOLD INC. (CGAU), and SM ENERGY CO (SM).