Donald Smith & Co. Inc.
Donald Smith & Co., Inc. is an independent, value-focused investment adviser headquartered in New York, NY. Founded in 1980 by Donald G. Smith, the firm manages value-oriented equity portfolios for institutional clients, including tax-exempt and taxable funds. Donald Smith & Co. has a long-standing reputation for deep value equity investing, utilizing a disciplined, bottom-up approach. The firm is led by CEO and Co-CIO Richard Greenberg and employs a team of highly-experienced investment professionals dedicated to maintaining their distinctive investment philosophy. As of 2025, the firm manages approximately $4.25 billion in assets for a global institutional clientele.
Investment Strategy
Donald Smith & Co., Inc. employs a strict, bottom-up deep value investment approach, focusing on stocks trading at the lowest decile of price-to-tangible-book value ratios. The process seeks out-of-favor companies with undervalued equity and strong earnings potential over a 2-4 year horizon. The firm's process is highly contrarian, concentrating 'best ideas' into relatively focused portfolios for institutions. Since inception, Donald Smith & Co. has maintained this distinctive investment style, never deviating from targeting companies that offer significant discounts to their tangible book value with the aim to generate superior long-term returns through reversion to mean valuations.
Top Holdings
Equity Positions (57)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
A AER | AERCAP HOLDINGS NV | 8.63% | $366.6M | 3,133,638 | $27.78 | $117.00 | +$29.8M |
E EGO | ELDORADO GOLD CORP | 5.02% | $213.2M | 10,481,326 | $9.93 | $20.34 | +$3.1M |
G GNW | GENWORTH FINANCIAL INC. | 4.80% | $203.8M | 26,198,280 | $4.81 | $7.78 | +$11.6M |
I IAG | IAMGOLD Corp. | 4.66% | $198.0M | 26,937,710 | $3.53 | $7.35 | +$18.0M |
M MHO | M/I HOMES | 3.72% | $157.9M | 1,408,390 | $54.14 | $112.12 | +$11.4M |