# EDGAR Filing Document

**Accession Number:** 0000814375
**File Stem:** 0000814375-25-000046
**Filing Date:** 2025-8
**Character Count:** 10193
**Document Hash:** 4f645fa01797ccdd03ddf79099db4649
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000814375-25-000046.hdr.sgml**: 20250813

**ACCESSION NUMBER**: 0000814375-25-000046

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250813

**DATE AS OF CHANGE**: 20250813

**EFFECTIVENESS DATE**: 20250813

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DONALD SMITH & CO., INC.
- **CENTRAL INDEX KEY:** 0000814375

**ORGANIZATION NAME:**
- **EIN:** 132807845
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-01345
- **FILM NUMBER:** 251211959

**BUSINESS ADDRESS:**
- **STREET 1:** 152 W. 57TH STREET
- **STREET 2:** 29TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** 212-284-0990

**MAIL ADDRESS:**
- **STREET 1:** 152 W. 57TH STREET
- **STREET 2:** 29TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SMITH DONALD & CO INC /NJ/
- **DATE OF NAME CHANGE:** 19990329

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** DONALD SMITH  CO. INC.<br>**Address:** 152 W. 57TH STREET<br>29TH FLOOR<br>NEW YORK, NY 10019

**Form 13F File Number:** 028-01345

**CRD Number (if applicable):** 000104947

**SEC File Number (if applicable):** 801-10798

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Ann Cianfrone<br>**Title:** COO/CCO<br>**Phone:** 2122840993

**Signature, Place, and Date of Signing:**

Ann Cianfrone  New York, NY  07-30-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 1

**Form 13F Information Table Entry Total:** 61

**Form 13F Information Table Value Total:** $4248392118

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

| No.   | Name              | Form 13F File Number   |
|:---|:---|:---|
|  | Donald Smith L.P. |  |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| AERCAP HOLDINGS NV | COM | N00985106 |  | 366635646 | 3133638 | SH |  | DFND | 2 | 0 | 3093298 | 0 |
| AIR FRANCE KLM | COM | 009119108 |  | 5257402 | 4652568 | SH |  | DFND | 2 | 0 | 4643478 | 0 |
| ALLEGIANT TRAVEL CO | COM | 01748X102 |  | 82789483 | 1506633 | SH |  | DFND | 2 | 0 | 1449973 | 0 |
| ALLY FINANCIAL INC | COM | 02005N100 |  | 100324450 | 2575724 | SH |  | DFND | 2 | 0 | 2575724 | 0 |
| ADVANSIX INC | COM | 00773T101 |  | 4553896 | 191743 | SH |  | DFND | 2 | 0 | 191743 | 0 |
| ALGOMA STEEL GROUP INC | COM | 015658107 |  | 41616758 | 6040168 | SH |  | DFND | 2 | 0 | 5877898 | 0 |
| AZURE POWER GLOBAL LTD | COM | V0393H103 |  | 149584 | 299167 | SH |  | SOLE | 0 | 299167 | 0 | 0 |
| BEAZER HOMES USA INC | COM | 07556Q881 |  | 69501062 | 3106887 | SH |  | DFND | 2 | 0 | 3022187 | 0 |
| CITIGROUP INC | COM | 172967424 |  | 99146840 | 1164789 | SH |  | DFND | 2 | 0 | 1164789 | 0 |
| CENTERRA GOLD INC. | COM | 152006102 |  | 58046556 | 8050840 | SH |  | DFND | 2 | 0 | 8001990 | 0 |
| CIVITAS RESOURCES INC | COM | 17888H103 |  | 123299727 | 4480368 | SH |  | DFND | 2 | 0 | 4401488 | 0 |
| COOL CO LTD | COM | G2415A113 |  | 23884261 | 3564815 | SH |  | DFND | 2 | 0 | 3376015 | 0 |
| CHATHAM LODGING TRUST | COM | 16208T102 |  | 33575333 | 4817121 | SH |  | DFND | 2 | 0 | 4469644 | 0 |
| COREBRIDGE FINANCIAL INC | COM | 21871X109 |  | 144958854 | 4083348 | SH |  | DFND | 2 | 0 | 4083348 | 0 |
| EVEREST GROUP LTD. | COM | G3223R108 |  | 105705924 | 311037 | SH |  | DFND | 2 | 0 | 311037 | 0 |
| ELDORADO GOLD CORP | COM | 284902509 |  | 213190171 | 10481326 | SH |  | DFND | 2 | 0 | 10331946 | 0 |
| EQUINOX GOLD CORP | COM | 29446Y502 |  | 152418786 | 26507615 | SH |  | DFND | 2 | 0 | 26127845 | 0 |
| GALIANO GOLD INC | COM | 36352H100 |  | 32396901 | 25509371 | SH |  | DFND | 2 | 0 | 24100146 | 0 |
| GERDAU SA | COM | 373737105 |  | 17439583 | 5972460 | SH |  | SOLE | 0 | 5972460 | 0 | 0 |
| GUILD HOLDINGS CO- CLASS A | COM | 40172N107 |  | 4168682 | 210859 | SH |  | DFND | 2 | 0 | 210859 | 0 |
| GOLAR LNG LTD | COM | G9456A100 |  | 100292501 | 2434875 | SH |  | DFND | 2 | 0 | 2379345 | 0 |
| GENERAL MOTORS | COM | 37045V100 |  | 81501110 | 1656190 | SH |  | DFND | 2 | 0 | 1656190 | 0 |
| GENWORTH FINANCIAL INC. | COM | 37247D106 |  | 203822618 | 26198280 | SH |  | DFND | 2 | 0 | 25700510 | 0 |
| GLOBAL SHIP LEASE INC- CL A | COM | Y27183600 |  | 85214617 | 3238868 | SH |  | DFND | 2 | 0 | 3114292 | 0 |
| FERROGLOBE PLC | COM | G33856108 |  | 28666810 | 7811120 | SH |  | DFND | 2 | 0 | 7429810 | 0 |
| HUDBAY MINERALS | COM | 443628102 |  | 78969890 | 7442968 | SH |  | DFND | 2 | 0 | 7153108 | 0 |
| HAMILTON INSURANCE GROUP - CLASS B | COM | G42706104 |  | 14272313 | 660144 | SH |  | DFND | 2 | 0 | 641874 | 0 |
| HOWARD HUGHES HOLDINGS INC | COM | 44267T102 |  | 74093400 | 1097680 | SH |  | DFND | 2 | 0 | 1075680 | 0 |
| HOOKER FURNISHINGS CORP | COM | 439038100 |  | 10418771 | 984761 | SH |  | DFND | 2 | 0 | 951861 | 0 |
| HARLEY-DAVIDSON INC | COM | 412822108 |  | 130219962 | 5517795 | SH |  | DFND | 2 | 0 | 5398935 | 0 |
| IAMGOLD Corp. | COM | 450913108 |  | 197992169 | 26937710 | SH |  | DFND | 2 | 0 | 26484050 | 0 |
| INTERNATIONAL SEAWAYS | COM | Y41053102 |  | 25865633 | 709036 | SH |  | DFND | 2 | 0 | 669546 | 0 |
| JACKSON FINANCIAL INC | COM | 46817M107 |  | 150861935 | 1699087 | SH |  | DFND | 2 | 0 | 1669877 | 0 |
| KB HOME | COM | 48666K109 |  | 8091962 | 152765 | SH |  | DFND | 2 | 0 | 152765 | 0 |
| MOHAWK INDUSTRIES INC | COM | 608190104 |  | 29081568 | 277390 | SH |  | SOLE | 0 | 277390 | 0 | 0 |
| M/I HOMES | COM | 55305B101 |  | 157908687 | 1408390 | SH |  | DFND | 2 | 0 | 1376000 | 0 |
| THE MOSAIC COMPANY | COM | 61945C103 |  | 107457093 | 2945644 | SH |  | DFND | 2 | 0 | 2945644 | 0 |
| MOTORCAR PARTS OF AMERICA | COM | 620071100 |  | 10745213 | 959394 | SH |  | DFND | 2 | 0 | 890944 | 0 |
| METALLUS INC | COM | 887399103 |  | 8575495 | 556489 | SH |  | DFND | 2 | 0 | 545889 | 0 |
| MICRON TECH | COM | 595112103 |  | 31977582 | 259453 | SH |  | DFND | 2 | 0 | 259453 | 0 |
| NMI HOLDINGS INC | COM | 629209305 |  | 19644086 | 465610 | SH |  | DFND | 2 | 0 | 453610 | 0 |
| NOMURA HOLDINGS INC | COM | 65535H208 |  | 72797409 | 11063436 | SH |  | DFND | 2 | 0 | 11063436 | 0 |
| PARK HOTELS  RESORTS INC | COM | 700517105 |  | 123211931 | 12044177 | SH |  | DFND | 2 | 0 | 12044177 | 0 |
| RADIAN GROUP INC | COM | 750236101 |  | 38371710 | 1065289 | SH |  | DFND | 2 | 0 | 1048399 | 0 |
| RLJ LODGING TRUST | COM | 74965L101 |  | 54039840 | 7423055 | SH |  | DFND | 2 | 0 | 7149335 | 0 |
| RYERSON HOLDING CORP | COM | 783754104 |  | 2402898 | 111400 | SH |  | SOLE | 0 | 111400 | 0 | 0 |
| SIRIUSPOINT LTD | COM | G8192H106 |  | 139715073 | 6852137 | SH |  | DFND | 2 | 0 | 6655887 | 0 |
| SCORPIO TANKERS INC | COM | Y7542C130 |  | 10844840 | 277149 | SH |  | DFND | 2 | 0 | 277149 | 0 |
| TAYLOR MORRISON HOME CORP | COM | 87724P106 |  | 110105853 | 1792671 | SH |  | DFND | 2 | 0 | 1792671 | 0 |
| TUTOR PERINI CORP | COM | 901109108 |  | 136449401 | 2916832 | SH |  | DFND | 2 | 0 | 2840742 | 0 |
| TITAN INTERNATIONAL INC | COM | 88830M102 |  | 14993717 | 1459953 | SH |  | DFND | 2 | 0 | 1431233 | 0 |
| TERNIUM SA - SPONSORED ADR | COM | 880890108 |  | 102712789 | 3412385 | SH |  | DFND | 2 | 0 | 3384965 | 0 |
| UNUM GROUP | COM | 91529Y106 |  | 145849814 | 1805966 | SH |  | DFND | 2 | 0 | 1805966 | 0 |
| UNIVERSAL INSURANCE HOLDINGS | COM | 91359V107 |  | 43382698 | 1564468 | SH |  | DFND | 2 | 0 | 1454728 | 0 |
| BRISTOW GROUP INC | COM | 11040G103 |  | 8273920 | 250953 | SH |  | DFND | 2 | 0 | 245257 | 0 |
| KOREA ELECTRIC POWER | COM | 500631106 |  | 130282 | 9149 | SH |  | SOLE | 0 | 9149 | 0 | 0 |
| RESOLUTE FOREST PRODUCTS - CONTINGENT VALUE RTS | WTS | 761CVR042 |  | 8330 | 5866 | SH |  | DFND | 2 | 0 | 5866 | 0 |
| RUSSELL 1000 | COM | 464287598 |  | 3165949 | 16300 | SH |  | DFND | 2 | 0 | 16300 | 0 |
| DAKOTA GOLD CORP | COM | 46655E100 |  | 3985200 | 1080000 | SH |  | DFND | 2 | 0 | 1080000 | 0 |
| GREAT PANTHER MINING | COM | 39115V101 |  | 47 | 472001 | SH |  | DFND | 2 | 0 | 472001 | 0 |
| PERPETUA RESOURCES CORP | COM | 714266103 |  | 3217100 | 265000 | SH |  | DFND | 2 | 0 | 265000 | 0 |

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