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Donald Smith's High Conviction Stocks

Companies Smith has purchased for past 2 quarters

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May 11, 2016
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Donald Smith (Trades, Portfolio) is the CIO of Donald Smith (Trades, Portfolio) & Co. He began his career as an analyst with Capital Research Company and then worked at Capital Guardian Trust Co. He manages a portfolio composed of 75 stocks, six of which have been bought for the last two quarters.

Asanko Gold Inc. (AKG)

During Q4 2015, the fund increased its stake by 60.32% and again by 0.49% in the first quarter 2016. The fund currently holds 1.02% of outstanding shares of the natural resource company currently engaged in the acquisition and exploration of mineral resources in West Ghana. All of the company's properties are currently in the exploration stage.

The largest shareholder among the gurus is

Jim Simons (Trades, Portfolio) with 0.11% of outstanding shares, followed by Mario Gabelli (Trades, Portfolio) with 0.09%.

Euronav NV (EURN)

During Q4 2015, Smith increased his stake by 116.01% and in first quarter of 2016, again bought shares in the company with another increase of 58.40%. The fund currently holds 0.78% of outstanding shares of the company that is a vertically integrated owner, operator and manager providing shipping services in addition to the carriage of crude oil on its fleet of modern tankers.

During the first quarter, the company had a net result of 72 cents per share compared to 55 cents per share in the prior year quarter. EBITDA was $164 million compared to $131.3 million last year.

Steven Cohen (Trades, Portfolio) is the largest shareholder of the company among the gurus with 1.3% of outstanding shares, followed by George Soros (Trades, Portfolio) with 0.25%.

Fly Leasing Ltd. (FLY)

During Q4 2015, the fund increased its stake by 12% and in first quarter of 2016, again bought shares in the company with another increase of 8.60% of its stake. The fund currently holds 4.4% of outstanding shares of the company that acquires and leases modern, high-demand and fuel-efficient commercial jet aircraft under long-term contracts to a diverse group of airlines throughout the world.

During the last quarter, the company repurchased 5.7 million shares, reducing shares outstanding by 14%. Net income was 68 cents per share and adjusted net income was $1.54 per share.

The largest shareholder among the gurus is

Jim Simons (Trades, Portfolio) with 0.23% of outstanding shares.

M/I Homes Inc. (MHO)

During Q4 2015, the guru increased his stake by 111.89% and again by 25.82% in first quarter of 2016. The fund currently holds 4.7% of outstanding shares of the company that is a builder of single-family homes. 

During the last quarter, pre-tax income increased 34% and new contracts increased 19% year over year. Backlog sales value increased 27% and backlog units increased 22%.

HOTCHKIS & WILEY is the largest shareholder of the company among the gurus with 4.8%, of outstanding shares, followed by

Chuck Royce (Trades, Portfolio) with 2.04%, Ken Fisher (Trades, Portfolio) with 0.72% and Jim Simons (Trades, Portfolio) with 0.6% and Paul Tudor Jones (Trades, Portfolio) with 0.06%.

Citigroup Inc. (C)

During Q4 2015, the fund increased its stake by 0.37% and in first quarter 2016, again bought shares in the company with another increase of 20.77%. The fund currently holds 0.05% of outstanding shares of the stock that is a financial services holding company, whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking, credit cards, corporate and investment banking, securities brokerage and wealth management.

During the first quarter, revenues decreased 11% from the prior year period, and earnings per diluted share decreased 28% from $1.52 per diluted share in the prior year period.

The largest shareholder among the gurus is Barrow, Hanley, Mewhinney & Strauss with 0.73% of outstanding shares, followed by HOTCHKIS & WILEY with 0.54%,

Ken Fisher (Trades, Portfolio) with 0.41%, Steven Romick (Trades, Portfolio) with 0.38%, First Pacific Advisors (Trades, Portfolio) with 0.38%, Bill Nygren (Trades, Portfolio) with 0.31%, Richard Pzena (Trades, Portfolio) with 0.31%, Diamond Hill Capital (Trades, Portfolio) with 0.28% and T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.18%.

CNA Financial Corp. (CNA)

During Q4 2015, the guru increased its stake by 0.05% and again by 1.95% in first quarter 2016. The fund currently holds 0.87% of outstanding shares of the company.

Jim Simons (Trades, Portfolio) is the largest shareholder among the gurus with 0.15%, of outstanding shares.

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