Equal-WT
WhaleScore 2.0
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DONALD SMITH & COMPANY ., INC.
NEW YORK NY
Investment Advisor
Hedge Fund
Donald Smith & Company . is based out of New York. Donald Smith & Company . is a hedge fund with 18 clients and discretionary assets under management (AUM) of $4,034,269,522 (Form ADV from 2024-03-19). Their last reported 13F filing for Q2 2024 included $3,922,893,508 in managed 13F securities
and a top 10 holdings concentration of 43.97%. Donald Smith & Company .'s largest holding is Aercap Holdings N.V. with shares held of 3,501,313. Whalewisdom has at least 110 13F filings, 1 13D filings, and 652 13G filings
Investment Strategy
The investment strategy employed by the company is deep-value management, which involves investing in stocks of out-of-favor companies that are selling at discounts to tangible book value. The company looks for companies in the bottom decile of price-to-tangible book value ratios and a positive outlook for earnings potential over the next 2-4 years. The company also considers analysis of corporate management and governance as a valuable input in their research process.
To control risk, the company buys stocks at deep discounts to book value and asset value. They do not invest in any derivative securities and invest only in securities listed on national exchanges, including domestic equities, ADRs of foreign companies, and dually-listed companies. Individual position size limits depend upon client constraints, but typically, they limit any one holding to about 5% of the portfolio at the time of purchase and the maximum industry exposure to about 20%. They usually do not buy more than 10% of the outstanding stock of a company.
Owners
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Known Email Addresses
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Other Contact Information
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2024-06-30
Top Buys (13F)
| Name | % Change |
|---|---|
| TX Ternium S.A. ADR | 1.29% |
| CRBG Corebridge Financial | 0.79% |
| NMIH NMI Holdings Inc | 0.76% |
| MOS Mosaic Company (The) | 0.68% |
| CIVI Civitas Resources In | 0.58% |
2024-06-30
Top Sells (13F)
| Name | % Change |
|---|---|
| CHRD Chord Energy Corp | 1.59% |
| INSW International Seaway | 1.47% |
| KGC Kinross Gold Corp. A | 1.01% |
| MTG MGIC Investment Corp | 0.7% |
| UNM Unum Group, Inc. | 0.52% |
2024-06-30
13F Holdings Summary
| Name | $ Change |
|---|---|
| AER Aercap Holdings N.V. | 8.32% |
| EGO Eldorado Gold Corp | 4.59% |
| MHO M/I Homes Inc | 4.32% |
| X United States Steel | 4.23% |
| CIVI Civitas Resources In | 4.14% |
2024-06-30
13F Activity
| Market Value | $3.92b, Prior: $4.30b |
| Inflows (Outflows) as % of Total MV | (-9.435)% |
| New Purchases | 3 stocks |
| Added To | 18 stocks |
| Sold out of | 2 stocks |
| Reduced holdings in | 39 stocks |
| Top 10 Holdings % | 43.97% |
| Turnover %[1] | 7.69% |
| Turnover Alt %[2] | 6.74% |
| Time Held Top 20 | 13.9 quarters |
| Time Held Top 10 | 12 quarters |
| Time Held All | 22.25 quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.
2024-06-30
13F Sector Allocation Over Time
limited to past 4 quarters. Subscribe to see all available data
2024-06-30
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2024-06-30