SM Energy Co Added 7.21M Shares Worth $224.8M, 4.04% of Donald Smith Portfolio
SM•Donald Smith & Co added 7,208,899 shares of SM Energy Co in Q1 2026, representing 4.04% of its portfolio with a total value of $224.77 million. This was the largest of seven new equity additions by the firm in the quarter.
1. New Position in SM Energy Co
Donald Smith & Co acquired 7,208,899 shares of SM Energy Co in its Q1 2026 13F filing, representing 4.04% of the firm’s total portfolio with a value of $224.77 million. This stake was the largest among seven new equity purchases during the quarter.
2. Alignment with Value Strategy
The addition aligns with the firm’s deep-value approach, targeting companies trading below tangible book value with 2–4 year earnings potential. SM Energy Co’s attractive price-to-tangible book ratio and outlook for cash flow growth fit the portfolio’s long-term investment criteria.
3. Portfolio Context
Alongside the SM Energy Co purchase, the firm increased stakes in Radian Group Inc and Ally Financial Inc and added five other stocks, raising overall exposure to energy and financial sectors. In total, seven new positions were opened and 36 existing holdings were increased, reflecting a strategic portfolio reallocation.
