Donald Smith

Last Update: 11-08-2017

Number of Stocks: 70
Number of New Stocks: 3

Total Value: $4,155 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

Why Donald Smith Likes the Price-to-Tangible Book Value Working with the bottom 10% of the market, Smith uses price-to-tangible book value and potential earnings to sort out potential winners
Donald Smith Divests GM, Expands Homebuilding Empire Guru reports portfolio as of 4th-quarter 2016
Donald Smith (Trades, Portfolio), president and chief investment officer of Donald Smith & Co., invests in companies trading deeply below their tangible book value and have good earnings potential over the next two to four years. During fourth-quarter 2016, Smith eliminated his position in General Motors Co. (NYSE:GM), gained a position in Toll Brothers Inc. (NYSE:TOL) and boosted his position in KB Home (NYSE:KBH). Read more...
Kinross Gold to Forge Alliance With White Gold, Agnico Eagle Mines The project is in the highly prospective White Gold District in Canada's Yukon territory
Kinross Gold Corp. (NYSE:KGC) has agreed to purchase an interest stake of approximately 19.9% in White Gold Corp. (TSXV:WGO). Closing – dependent on the satisfaction of customary conditions and the approval of TSX Venture Exchange – is expected sometime during this quarter. Read more...
Newmont Mining Reports Management Change The largest gold mining company in the US appoints new leadership in the Australian business
Newmont Mining Corp. (NYSE:NEM) announced a change in its top management Monday. Read more...
Donald Smith Reduces Micron Technology, AerCap, Air France Positions The guru's largest 2nd-quarter sales
Guru Donald Smith (Trades, Portfolio) sold shares of the following stocks during the second quarter: Read more...
» More Donald Smith Articles

Commentaries and Stories

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Donald Smith Sells Micron Technology, Air France-KLM, AerCap The fund's largest 3rd-quarter sales Donald Smith,Ken Fisher,Ron Baron,PRIMECAP Managem - Donald Smith Sells Micron Technology, Air France-KLM, AerCap
As an investment management firm, Donald Smith (Trades, Portfolio) & Co. Inc. manages a portfolio composed of 70 stocks with a total value of $4.155 billion. During the third quarter the guru sold shares in the following stocks: More...

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Donald Smith Opens CalAtlantic Group Position Guru goes 2 for 2 in residential construction companies Donald Smith - Donald Smith Opens CalAtlantic Group Position
Donald Smith (Trades, Portfolio) seeks long-term capital appreciation through deep-value investing and a “strict bottom-up” approach. During the third quarter, Smith started a position in CalAtlantic Group Inc. (NYSE:CAA) and boosted his stake in M/I Homes Inc. (NYSE:MHO). On the sell side, the guru trimmed his position in Toll Brothers Inc. (NYSE:TOL) and KB Home (NYSE:KBH). More...

DONALD SMITH


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Why Donald Smith Likes the Price-to-Tangible Book Value Working with the bottom 10% of the market, Smith uses price-to-tangible book value and potential earnings to sort out potential winners Donald Smith, Warren Buffett - Why Donald Smith Likes The Price-to-Tangible Book Value
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GURUS, DONALD SMITH, DONALD SMITH & CO, PRICE TO TANGIBLE BOOK VALUE, INSTITUTIONAL INVESTORS, HOME PORTFOLIO ADVISORS, BENJAMIN GRAHAM, WARREN BUFFET, EQUITY PORTFOLIOS, BOTTOM DECILE, OUT OF FAVOR,


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7 High-Yield Stocks With Falling Prices Companies with a high dividend yield but negative momentum Donald Smith, Jim Simons, Chuck Royce, Charles Bra - 7 High-Yield Stocks With Falling Prices
According to GuruFocus' All-In-One Screener, the following stocks have high dividend yields but performed poorly over the past 12 months. More...

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Donald Smith Reduces Micron Technology, AerCap, Air France Positions The guru's largest 2nd-quarter sales Donald Smith - Donald Smith Reduces Micron Technology, AerCap, Air France Positions
Guru Donald Smith (Trades, Portfolio) sold shares of the following stocks during the second quarter: More...

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Peter Lynch Value to Find Undervalued Stocks Companies have wide margins of safety and strong performances Ken Heebner,Donald Smith,Ron Baron,Ruane Cunniff,D - Peter Lynch Value To Find Undervalued Stocks
According to the GuruFocus All-In-One Screener, several gurus are focusing on stocks whose Peter Lynch fair values are far above the current prices. The following stocks are trading with wide margins of safety and have positive performances over the past 12 months. More...

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7 Stocks Trading Below the Peter Lynch Value Prices are rising, but stocks still offer margins of safety PRIMECAP Management,Donald Smith,Steven Cohen,Robe - 7 Stocks Trading Below The Peter Lynch Value
According to the GuruFocus All-in-One Screener, several gurus are focusing on stocks whose Peter Lynch fair values are far above the current prices. The following stocks are trading with wide margins of safety and have positive performances over the past 12 months. More...

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Kinross Gold to Forge Alliance With White Gold, Agnico Eagle Mines The project is in the highly prospective White Gold District in Canada's Yukon territory Donald Smith,Joel Greenblatt - Kinross Gold To Forge Alliance With White Gold, Agnico Eagle Mines
Kinross Gold Corp. (NYSE:KGC) has agreed to purchase an interest stake of approximately 19.9% in White Gold Corp. (TSXV:WGO). Closing – dependent on the satisfaction of customary conditions and the approval of TSX Venture Exchange – is expected sometime during this quarter. More...

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Donald Smith Sells Endurance Specialty, Reduces Several Other Holdings The guru's largest 1st-quarter trades Donald Smith - Donald Smith Sells Endurance Specialty, Reduces Several Other Holdings
Donald Smith (Trades, Portfolio) manages a portfolio composed of 67 stocks with a total value of $3.8 million. During the first quarter, the guru sold shares of the following stocks. More...

Sells, 1Q, Smith


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Pan American Silver Reports 1st Quarter The Canadian silver producer delivered a strong quarter on increased earnings and reduced cash costs Donald Smith - Pan American Silver Reports 1st Quarter
Pan American Silver Corp. (NASDAQ:PAAS) released unaudited operating and financial results for the first quarter of 2017 on May 9.  More...

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Iamgold Reports Increased Gold Production in 1st Quarter Solid growth in cash flow and transactions of corporate finance help Canadian miner strengthen balance sheet Donald Smith - Iamgold Reports Increased Gold Production In 1st Quarter
Iamgold Corp. (NYSE:IAG) reported a 12% year-over-year increase in gold production for the first quarter of 2017, prompting President and CEO Steven Letwin to say “it was an outstanding quarter.” More...

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Newmont Mining Reports Management Change The largest gold mining company in the US appoints new leadership in the Australian business Donald Smith,Joel Greenblatt,David Dreman,Mario Ga - Newmont Mining Reports Management Change
Newmont Mining Corp. (NYSE:NEM) announced a change in its top management Monday. More...

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Donald Smith Divests GM, Expands Homebuilding Empire Guru reports portfolio as of 4th-quarter 2016 Donald Smith,Arnold Van Den Berg,T Rowe Price Equi - Donald Smith Divests GM, Expands Homebuilding Empire
Donald Smith (Trades, Portfolio), president and chief investment officer of Donald Smith & Co., invests in companies trading deeply below their tangible book value and have good earnings potential over the next two to four years. During fourth-quarter 2016, Smith eliminated his position in General Motors Co. (NYSE:GM), gained a position in Toll Brothers Inc. (NYSE:TOL) and boosted his position in KB Home (NYSE:KBH). More...

DONALD SMITH, ARNOLD VAN DEN BERG, T ROWE PRICE EQUITY INCOME FUND, PIONEER INVESTMENTS, KEN HEEBNER


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Iamgold Reports Preliminary Operating Results for 2016 Gold production for the year was slightly higher than expected Donald Smith - Iamgold Reports Preliminary Operating Results For 2016
Iamgold Corp. (NYSE:IAG) announced the company's 2016 preliminary results for production and costs and provided the production and cost guidance for 2017 on Monday. More...

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Stocks With Low P/Es and Margins of Safety 8 undervalued and fairly priced stocks you should double-check HOTCHKIS & WILEY,Donald Smith,Richard Snow,Jim Sim - Stocks With Low P/Es And Margins Of Safety
Here are eight stocks gurus are buying that are trading with a very low price-earnings (P/E) ratio. Most of them are greatly undervalued, according to the DCF calculator. More...

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Iamgold to Complete Purchase of Merrex Gold Gold producer already owns 23% of the junior metallic exploration company Donald Smith,First Eagle Investment - Iamgold To Complete Purchase Of Merrex Gold
Iamgold Corp. (NYSE:IAG) announced Dec. 22 that it has inked an agreement according to which the worldwide gold mining company headquartered in Toronto will acquire approximately 153.43 million shares outstanding of Merrex Gold Inc. (MXI). More...

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How to Invest in Gold in 2017 Part 3 3 exploration companies are among the best buying opportunities for 2017 Donald Smith - How To Invest In Gold In 2017 Part 3
Today, the bullion for immediate delivery went down 0.34% on the Hong Kong market to 8,791.39 Hong Kong Dollars ($1,131.99) per ounce from the prior close of HK$8,818.70 per ounce, before retracing to a price of HK$8,803.20 per ounce. More...

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Newmont May Book up to $1.2 Billion to Shut Down Peru Mine The largest gold producer in the US estimates higher than initially expected additional costs David Dreman,Donald Smith,Mario Gabelli,First Eagl - Newmont May Book Up To $1.2 Billion To Shut Down Peru Mine
Newmont Mining Corp. (NYSE:NEM) says that it may book approximately $1 billion or even $1.2 billion noncash impairment charge in the last quarter due to a higher than initially assessed value of “the asset retirement obligation at the mine of between $400 million and $500 million in the fourth quarter” for the shutting down of Yanacocha, the Peruvian mine, as reported Wednesday by Reuters.com. More...

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9 Companies Grantham Continues to Boost Stocks the investor bought in the 2nd and 3rd quarters Jeremy Grantham,Donald Smith,Ray Dalio,Jim Simons, - 9 Companies Grantham Continues To Boost
Jeremy Grantham (Trades, Portfolio) is the chairman of Grantham Mayo Van Otterloo, a Boston-based asset management firm. In both the second and third quarters the guru bought shares in the following stocks: More...

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Donald Smith Invests in Paper Producer The guru bought 1 new holding in the 3rd quarter Donald Smith - Donald Smith Invests In Paper Producer
Donald Smith (Trades, Portfolio) of Donald Smith & Co. gained a new holding in Verso Corp. (NYSE:VRS) in the third quarter. More...

BUY, INVEST, VERSO


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