Donald G. Smith - Donald Smith & Co. Portfolio
| Period Date | Mar 31, 2025 | |
| Filing Date | May 12, 2025 | |
| Total Stocks | 58 | |
| Portfolio Value | $4.08B |
Donald Smith & Co. Strategy Analysis
Investment Strategy Metrics
Key metrics revealing investment style, risk management, and performance characteristics
| Metric | Value | Category | Description |
|---|---|---|---|
| Holding Period | 2.0 years | Style | Average duration positions are maintained |
| Position Count | 62 | Style | Number of active positions in portfolio |
| Position Size | 1.7% | Risk | Typical allocation per position |
| Win Rate | 60.7% | Performance | Percentage of profitable positions |
| Average Return | 17.3% | Performance | Mean return across positions |
| Sharpe Ratio | 0.18 | Performance | Return per unit of risk taken |
Investment Case Study: ELDORADO GOLD (EGO)
12/31/2018 - 8/6/2025
Performance Metrics
Total Return: 570.79%
Holding Period: 2410 days
Max Position Size: $204,816,288.00
Position Weight: 1.82%
Key Events
12/31/2018: ENTRY(2,004,336.00 shares) @ $0.00
3/31/2019: INCREASE(2,099,175.00 shares) @ $0.00
6/30/2019: DECREASE(-291,667.00 shares) @ $0.01
9/30/2019: DECREASE(-332,533.00 shares) @ $0.01
12/31/2019: DECREASE(-991,702.00 shares) @ $0.01
3/31/2020: DECREASE(-505,704.00 shares) @ $0.01
6/30/2020: DECREASE(-128,310.00 shares) @ $0.01
9/30/2020: DECREASE(-691,468.00 shares) @ $0.01
12/31/2020: DECREASE(-125,439.00 shares) @ $0.01
3/31/2021: DECREASE(-251,468.00 shares) @ $0.01
6/30/2021: INCREASE(407,281.00 shares) @ $0.01
9/30/2021: INCREASE(1,474,109.00 shares) @ $0.01
12/31/2021: INCREASE(6,458.00 shares) @ $0.01
3/31/2022: INCREASE(3,556,207.00 shares) @ $0.01
6/30/2022: INCREASE(2,192,659.00 shares) @ $0.01
12/31/2023: INCREASE(2,136,824.00 shares) @ $12.97
3/31/2024: INCREASE(1,240,732.00 shares) @ $14.07
6/30/2024: DECREASE(-1,767,816.00 shares) @ $14.79
9/30/2024: DECREASE(-389,719.00 shares) @ $17.37
12/31/2024: INCREASE(309,599.00 shares) @ $14.87
Investment Thesis
Entry Context: Initial position established based on fundamental analysis
Sector Conditions: Favorable market conditions in the sector
Risk Factors:
- Market volatility
- Sector-specific risks
Key Learnings
- Position sizing is critical for portfolio management
- Important to monitor sector exposure