Donald Smith

Last Update: 2014-02-18

Number of Stocks: 80
Number of New Stocks: 3

Total Value: $5,017 Mil
Q/Q Turnover: 4%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Donald Smith' s Profile & Performance

Profile

Donald G. Smith is the CIO of Donald Smith & Co. He began his career as an analyst with Capital Research Company and subsequently worked at Capital Guardian Trust Co. In 1980, Donald be-came the CIO of Home Insurance Company, and President of Home Port-folio Advisors, Inc., which he bought in 1983 and changed the name to Donald Smith & Co., Inc.

In 2010, Donald Smith & Co. has $3.6 billion under management. Over 30 years since inception compounded annualized return has been 15.3%. Over the last 10 years our annualized return is 12.1% versus ?0.4% for the S&P 500.

Mr. Smith was awarded a B.S. in Finance and Ac-counting by the University of Illinois, an MBA by Harvard University and a J.D. from UCLA Law School and was admitted to the Bar Association of California. He volunteered for Ben Graham in UCLA to conduct a study on low P/E strategy.

Web Page:http://www.donaldsmithandco.com/

Investing Philosophy

Donald Smith is a deep-value manager employing a strict bottom-up approach. He invests in stocks of out-of-favor companies selling at discounts to tangible book value. He looks for companies in the bottom docile of price-to-tangible book ratios and a positive outlook for earnings potential over the next 2-4 years.

Total Holding History

Top Ranked Articles

Sycamore Networks: A Lottery Ticket That Pays You
What if you paid $1 for a lottery ticket, but if you didn’t win over the next two years, you could turn that ticket back in for $1.08? Read more...
Everest Re: Low Risk, High Reward
"The source of our insurance funds is 'float,' which is money that doesn’t belong to us but that we temporarily hold... The $20 million of float that came with our 1967 purchase (National Indemnity - NICO) has now increased — both by way of internal growth and acquisitions — to $46.1 billion." Read more...
Deep-Value Investor Donald Smith Adds Shares of Photronics Inc.
Donald Smith, CIO of Donald Smith & Co., added 486,804 shares of Photronics Inc. (PLAB) on May 24, 2012 at about $5.69 per share, according to GuruFocus Real Time Picks. After the purchase, he owns 10.07 percent of the company’s outstanding shares. Smith is a deep-value, strict bottom-up manager who invests in out-of-favor companies. Read more...
Largest Low-P/B Stocks Donald Smith Added in Q3: LUV, MU, PTP
Donald Smith founded Donald Smith & Co. in 1980 and now has $3.6 billion under management. He has achieved compounded annualized returns of 15.3% since inception, and an annualized return of 12.1% over the last 10 years, versus a loss of 0.4% for the S&P 500. Read more...
Low P/B Stock Buys: Donald Smith Q1 Portfolio Update
Donald Smith is a deep-value manager employing a strict bottom-up approach. He invests in stocks of out-of-favor companies selling at discounts to tangible book value. He looks for companies in the bottom decile of price-to-tangible book ratios and with a positive outlook for earnings potential over the next 2-4 years. Read more...
» More Donald Smith Articles

Commentaries and Stories

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Guru Stocks at 52-Week Lows: TM, C, MTU, BCS
According to GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

5-year lows: Coeur Mining Inc, National Bank Holdings Corp, PlyGem Holdings Inc, and Ruckus Wireless Inc.
According to GuruFocus list of 5-year lows, these Guru stocks have reached their 5-year lows: Coeur Mining Inc, National Bank Holdings Corp, PlyGem Holdings Inc, and Ruckus Wireless Inc. More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

  • Currently 5.00/5

Rating: 5.0/5 (4 votes)

Bassett Is a Perfect Target for Activist Investors
According to GuruFocus Real Time Picks, on March 11, Mario Gabelli (Trades, Portfolio), the Chairman and Chief Executive Officer of GAMCO Investors Inc. added Bassett Furniture Industries, Inc. (BSET) at an average price of $15.75 and currently holds 442,425 shares of the stock, worth 0.01% of his portfolio. More...

LONG, INTERIOR, HOME, FURNISHING


  • Currently 5.00/5

Rating: 5.0/5 (3 votes)

Natural Gas Will Become a Major Source of Power Generation
Loews Corp. (L) is a holding company with interest in property/casualty insurance (CNA Financial Corp., 90% stake); hotels (Loews Hotels Holding Corp.); offshore oil and gas drilling (Diamond Offshore Drilling Inc., 50%); exploration, production and marketing of natural gas and natural gas liquids (HighMount Exploration & Production LLC); and interstate natural gas pipelines (Boardwalk Pipeline Partners LP, 55%). More...

LONG, HOLDING, TRANSPORTATION, STORAGE, GAS, NATURAL, NGLS


  • Currently 4.50/5

Rating: 4.5/5 (4 votes)

Shinning with Donald Smith’s New Buys
Donald G. Smith is the CIO of Donald Smith (Trades, Portfolio) & Co. In the last quarter he bought three new stocks, and holds 80 in total, in a portfolio valued at $5.017 million. More...

LONG, HEDGE FUND


  • Currently 5.00/5

Rating: 5.0/5 (4 votes)

XL Group's DDM Valuation: Is It Still a Buy?
In a previous article we analyze that Hedge fund guru Donald Smith (Trades, Portfolio) added XL Group plc (XL). Now we turn our attention to the future direction of the stock. Let's look at the intrinsic value of this company and try to explain to investors the reasons it is a good buy or not. More...

LONG, INSUREANCE, DDM, CASUALTY


  • Currently 4.20/5

Rating: 4.2/5 (5 votes)

Time to Make a Bet in the Leading Automaker of the World?
On Dec. 31, Donald Smith (Trades, Portfolio) added Toyota Motor Corporation (TM) at an average price between $118.61 and $131.65 and currently holds 440,684 shares of the stock with a current value of $50 million in his portfolio. It was the second time he made a move in this stock, in June he reduced the position and at the end of the year he increased it. So let's take a look at this company and try to explain to investors the reasons this is an apparently appealing investment opportunity. More...

LONG, AUTO, AUTO-MAKER, CARS, VEHICLES,


  • Currently 4.60/5

Rating: 4.6/5 (5 votes)

A Way to Protect Your Portfolio Is Adding an Insurance Company
On December 31, Donald Smith (Trades, Portfolio) added XL Group plc (XL) at an average price between $29.65 and $ 32.16 and currently holds 6,022,052 shares of the stock with a value of $175 million in his portfolio. It was the second time he added the stock during 2013, which makes me feel that Smith is making a bet in favor of the insurance industry. So let's take a look at this company and try to explain to investors the reasons this is an apparently appealing investment opportunity. More...

LONG, INSURANCE, REINSURANCE, CASUALTY


  • Currently 3.00/5

Rating: 3.0/5 (1 vote)

Guru Donald Smith's Top Five Q4 Stocks Donald Smith - Guru Donald Smith's Top Five Q4 Stocks
Donald Smith (Trades, Portfolio) is the guru and CIO of Donald Smith (Trades, Portfolio) & Co., a registered investment adviser specializing in managing value equity accounts for tax-exempt and taxable funds, as well as high net worth individuals. The deep-value investing fund looks for out-of-favor stocks that are valued in the bottom decile of price-to-tangible book value ratios. More...

  • Currently 4.33/5

Rating: 4.3/5 (6 votes)

The Fall of a Giant: Gurus’ Exodus from Newmont Mining Corporation
After experiencing a surge in prices over the past two years, which saw the metal trade at $1,700 per ounce, the prolonged drop in the value of gold has been troubling industry giants since June 2013. And, with no end to the depressed gold prices in sight, which are hovering around the $1,250 per ounce mark, the industry will continue facing an important challenge. Considering this market trend, even Newmont Mining Corporation (NEM), one of the world’s largest gold producers, will face a troublesome 2014. More...

NEWMONT,BARRICK,DONALD SMITH,PRIMECAP,JOHN HUSSMAN,MINING,PERU,CONGA


  • Currently 5.00/5

Rating: 5.0/5 (2 votes)

Do You Know Why Jim Simons Drills for Oil & Gas?
In a previous article I mentioned that current political turmoil in the Middle East has affected oil & gas producers’ preferences. In short, technological developments have made other regions more attractive than they were in the past. For example, unconventional reserves have become available with the introduction of fracking. Also, equipment innovation made production at greater depths possible. So, have Ensco (ESV) and Nabors Industries (NBR) incorporated these new technologies and absorbed new market synergies? More...

ENERGY, DRILL, OFFSHORE, ONSHORE


  • Currently 3.67/5

Rating: 3.7/5 (3 votes)

Weekly 3-Year Low Highlights: BJRI, NTZ, PRXI, MNDO
According to GuruFocus list of three-year lows; BJ’S Restaurants Inc., Natuzzi SPA, Premier Exhibitions Inc., and Mind C.T.I. Ltd. have all recently reached their three-year lows. More...

WEEKLY, 3, YEAR, LOW, HIGHLIGHTS,BJRI, NTZ, PRXI, MNDO


  • Currently 3.00/5

Rating: 3.0/5 (1 vote)

Weekly 3-Year Low Highlights: CTL, AUQ, MSO, RLH
According to GuruFocus list of 3-year lows; CenturyLink Inc., AuRico Gold Inc., Marth Stewart Living Omnimedia Inc. and Red Lion Hotels Corporation have all reached their three-year lows. More...

WEEKLY, 3, YEAR, LOW, HIGHLIGHTS, CTL, AUQ, MSO, RLH


  • Currently 4.50/5

Rating: 4.5/5 (6 votes)

Not Everything That Shines Is Gold
After reaching a three-month high, gold prices fell once again following the announcement of a possible strike on Syria. Considering investors are already skeptical when it comes to gold mining firms, due to their cyclical nature, Yamana Gold Inc. (AUY) and Eldorado Gold Corp (EGO) have a lot to prove. More...

LONG, GOLD


  • Currently 4.00/5

Rating: 4.0/5 (1 vote)

Weekly CEO Buys Highlight: RCL, PSXP, ALXA, PAY, HAFC
According to GuruFocus Insider Data , these are the largest CEO buys during the past week. The overall trend of CEOs is illustrated in the chart below: More...

  • Currently 2.50/5

Rating: 2.5/5 (2 votes)

Weekly 3-Year Low Highlights: BSAC, WIN, TCL, NAT, CONE
According to GuruFocus list of three-year lows, Banco Santander Chile, Windstream Corp, Tata Communications Ltd., Nordic American Tankers Ltd. and CyrusOne Inc. have all reached their three-year lows. More...

WEEKLY, 3, YEAR, LOW, HIGHLIGHTS


  • Currently 3.40/5

Rating: 3.4/5 (5 votes)

Weekly 3-Year Low Highlights: NLY, CYS, PAAS, CDE
According to GuruFocus list of three-year lows, Annaly Capital Management Inc., CYS Investment Inc., Pan American Silver Company and Coeur Mining Inc. have all reached their three-year lows. More...

WEEKLY, 3, YEAR, LOW, HIGHLIGHTS


  • Currently 4.00/5

Rating: 4.0/5 (1 vote)

Weekly CEO Buys Highlight: AVEO, ZAZA, TUES, TUES, FRAN, AKVA
According to GuruFocus Insider Data, these are the largest CEO buys during the past week. The overall trend of CEOs is illustrated in the chart below: More...

  • Currently 2.67/5

Rating: 2.7/5 (3 votes)

Weekly CEO Buys Highlight: PHII, TUES, PACB, IPHI, WMC
According to GuruFocus Insider Data, these are the largest CEO buys during the past week. The overall trend of CEOs is illustrated in the chart below: More...

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User Comments

Goforit
ReplyGoforit - 4 weeks ago
How are premium members of GuruFocus supposed to evaluate the list of Gurus when more often than not there is no historical performance records. Most of the time the "profile/performance" tab does not have anything on performance. Why not? This is very frustrating.

Also, if you do not have the performance record, then how do you even know that they deserve to be in the Guru list? Maybe they should not be listed?

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