On December 31, 2023, Donald Smith & Co (Trades, Portfolio) made a notable adjustment to its investment portfolio by reducing its stake in Hooker Furnishings Corp (NASDAQ:HOFT). The firm sold 977 shares of the furniture company, which resulted in a 0.09% change in the total shares held. Donald Smith & Co (Trades, Portfolio), founded by the late Donald G. Smith, has been a prominent player in the investment world since 1980.
Donald Smith & Co (Trades, Portfolio)., a firm known for its value investing approach, has recently increased its stake in Tutor Perini Corp (NYSE:TPC), a prominent player in the construction industry. The firm's investment philosophy is deeply rooted in a bottom-up, deep-value approach, focusing on out-of-favor companies trading at discounts to tangible book value.
Donald Smith & Co (Trades, Portfolio)., a renowned investment firm, has recently expanded its portfolio by adding a significant number of shares in Iamgold Corp (NYSE:IAG). On December 31, 2023, the firm increased its stake in the gold mining company, reflecting a strategic move within the metals and mining sector.