DONALD SMITH & CO., INC.

CIK 0000814375 · Q1 2026

13F Equity AUM

$5.6B

+4.1% QoQ

Positions

+2 QoQ

AUM Rank

#958

Top 8%

Skill Alpha (FF)

+3.4%/yr^ns

No Clear Edge

Rank #840 · Top 10%

vs S&P +1.1%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 26.3%Top 10: 44.2%Top 20: 70.4%

AER7.8%

CG5.0%

IMG4.9%

ELD4.5%

SM4.0%

GNW3.7%

SSPFF3.7%

HOG3.6%

JXN3.6%

MHO3.3%

Others (51)55.8%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services35.9%

Consumer Cyclical15.8%

Industrials13.9%

Basic Materials10.8%

Real Estate7.0%

Unclassified6.8%

Consumer Defensive5.7%

Energy4.1%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 61Median: 1.11%Avg: 1.64%

0–0.5%

21(3.5%)

0.5–1%

6(4.2%)

1–3%

23(44.9%)

3–5%

9(34.5%)

5%+

2(12.8%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 57Unique: 4vs 20 funds

0.8%Low

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

BlackRock, Inc.

1.4%

MORGAN STANLEY

BANK OF AMERICA CORP /DE/

1.1%

GEODE CAPITAL MANAGEMENT, LLC

1.4%

VANGUARD CAPITAL MANAGEMENT LLC

1.4%

STATE STREET CORP

1.3%

JPMORGAN CHASE & CO

0.9%

VANGUARD PORTFOLIO MANAGEMENT LLC

1.5%

FMR LLC

1.2%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New7Increased36Decreased15Exited5

New Positions

SM4.0%

+7.2M

PFSI2.2%

+1.4M

GUARDIAN METAL RESOU…0.5%

+1.5M

WF0.2%

+548K

JAKK0.1%

+220K

KELYA0.1%

+432K

RJET0.0%

+92K

Increased

PK3.1%

+2.0M(+14%)

RLJ2.0%

+1.9M(+14%)

CRBG2.6%

+1.7M(+40%)

GNW3.7%

+1.7M(+7%)

CG5.0%

+1.6M(+11%)

RDN2.7%

+1.6M(+53%)

TWI0.6%

+1.4M(+42%)

ALLY2.8%

+1.3M(+48%)

HOG3.6%

+1.1M(+13%)

SSPFF3.7%

+1.1M(+13%)

Decreased

IMG4.9%

-5,151,168(-26%)

GLOBAL SHIP LEASE IN…1.1%

-510,317(-24%)

TPC1.8%

-496,787(-27%)

TX2.6%

-151,778(-4%)

PPTA0.1%

-129,870(-55%)

ELD4.5%

-84,754(-1%)

VTOL0.1%

-82,840(-48%)

GGB1.6%

-71,005(-0%)

JXN3.6%

-62,003(-3%)

ALGT2.4%

-29,852(-2%)

Exited

CIVI

-4,485,476

EQX

-7,049,326

GLNG

-2,151,627

COOL CO LTD

-737,772

HBM

-35,913

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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