# Donald Smith & Co., Inc.

> Donald Smith & Co., Inc. is an SEC-registered investment advisory firm in New York, NY, registered since 1975, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 19, 2026.

- CRD: 104947
- Filed as: DONALD SMITH & CO., INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 19, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/104947
- AdvisorCensus page: https://advisorcensus.com/firm/donald-smith-and-co-inc-new-york-ny-104947

## Quick answers

**How is Donald Smith & Co., Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Donald Smith & Co., Inc. reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Donald Smith & Co., Inc. located?**
Donald Smith & Co., Inc.'s principal office is in New York, NY, according to its Form ADV.

**Is Donald Smith & Co., Inc. registered with the SEC or a state?**
Donald Smith & Co., Inc. is an SEC-registered investment advisory firm, registered since 1975. Status as filed: Approved. CRD 104947.

**How much does Donald Smith & Co., Inc. manage?**
Donald Smith & Co., Inc. reports $5,604,651,687 in regulatory assets under management in its Form ADV filing dated March 19, 2026 (100% discretionary).

**How have Donald Smith & Co., Inc.'s assets and staff changed since 2021?**
In the Form ADV data for Donald Smith & Co., Inc.: Regulatory assets under management: $2,646,551,438 in the October 2021 data and $5,604,651,687 in the October 2026 data, up 112%. Total employees: 9 in October 2021 and 11 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Donald Smith & Co., Inc. serve?**
By number of clients on Form ADV Item 5.D: charitable organizations (8); pooled investment vehicles (other than investment companies and business development companies) (6); state or municipal government entities (including government pension plans) (3).

**Which custodians does Donald Smith & Co., Inc. use?**
Donald Smith & Co., Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists JPMorgan Chase Bank, Merrill Lynch, The Bank of New York Mellon and The Northern Trust Company as custodians holding 10% or more of its separately managed account assets.

**Does Donald Smith & Co., Inc. report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/104947

**What changed in Donald Smith & Co., Inc.'s recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 5 to 6. Regulatory assets under management went from $4,264,736,260 to $5,604,651,687 (+31%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- JPMorgan Chase Bank
- Merrill Lynch
- The Bank of New York Mellon
- The Northern Trust Company

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $5,604,651,687
- Discretionary: $5,604,651,687
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 1 | $1,253,370,266 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 6 | $1,833,685,767 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 1 | $95,992,649 |
| Charitable organizations | 8 | $395,284,755 |
| State or municipal government entities (including government pension plans) | 3 | $1,478,667,349 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 1 | $198,404,227 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 2 | $349,246,674 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 1975 (51 years)
- Employees: 11 total, 6 performing advisory functions
- Wrap fee program participation: Yes
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [donaldsmithandco.com](https://donaldsmithandco.com)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $2,646,551,438 | 9 | April 29, 2021 |
| October 2022 | $2,872,116,831 | 9 | March 10, 2022 |
| October 2023 | $2,621,166,986 | 9 | March 22, 2023 |
| October 2024 | $4,034,269,522 | 9 | March 19, 2024 |
| October 2025 | $4,264,736,260 | 10 | March 18, 2025 |
| October 2026 | $5,604,651,687 | 11 | March 19, 2026 |

Regulatory assets under management: $2,646,551,438 in the October 2021 data and $5,604,651,687 in the October 2026 data, up 112%.
Total employees: 9 in October 2021 and 11 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 5 to 6.
- Regulatory assets under management went from $4,264,736,260 to $5,604,651,687 (+31%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Donald Smith & Co., Inc. (CRD 104947): Form ADV filing data as of October 2026.