SCHEDULE: Donald Smith & Co. Discloses Genworth Financial Stake

Donald Smith & Co., Inc. and DSCO Value Fund, L.P. have reported beneficial ownership of 6.6% of Genworth Financial Inc.'s common stock as of March 31, 2026.

Summary

• Donald Smith & Co., Inc. and DSCO Value Fund, L.P. have jointly filed a Schedule 13G, indicating their beneficial ownership of Genworth Financial Inc. common stock.
• As of March 31, 2026, the total aggregate amount beneficially owned by these entities is 25,486,303 shares.
• This holding represents approximately 6.6% of the class of securities.
• Donald Smith & Co., Inc. holds sole voting power for 24,743,136 shares and sole dispositive power for 25,249,506 shares.
• DSCO Value Fund, L.P. holds sole voting power for 236,797 shares and sole dispositive power for 236,797 shares.
• The filing clarifies that Donald Smith & Co., Inc. acts as an investment advisor, and the ultimate power to direct dividends and sale proceeds rests with its institutional clients, none of whom individually own more than 5% of the class.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of influencing control of the issuer.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing. It is a routine disclosure of beneficial ownership and does not contain information about the company's performance, strategy, or future outlook.

Positives

• Significant beneficial ownership stake of 6.6% reported by Donald Smith & Co., Inc. and DSCO Value Fund, L.P., indicating investor confidence.
• Clear reporting of sole voting and dispositive powers for a substantial number of shares.
• Certification that holdings are in the ordinary course of business, not for control purposes.

Negatives

• The filing does not contain specific financial performance data or forward-looking statements that would indicate positive or negative operational results for Genworth Financial Inc.

Risks

• The filing does not explicitly detail any risks associated with Genworth Financial Inc. or the reporting persons' holdings.

Future Outlook

The filing does not contain any forward-looking statements or guidance from Genworth Financial Inc. It solely reports on beneficial ownership.

Management Comments

• Donald Smith & Co., Inc. does not serve as custodian of the assets of any of its clients; accordingly, in each instance only the client or the client’s custodian or trustee bank has the right to receive dividends paid with respect to, and proceeds from the sale of, such securities.
• The ultimate power to direct the receipt of dividends paid with respect to, and the proceeds from the sale of, such securities, is vested in the institutional clients which Donald Smith & Co., Inc. serves as investment advisor.
• Any and all discretionary authority which has been delegated to Donald Smith & Co., Inc. may be revoked in whole or in part at any time.
• To the knowledge of Donald Smith & Co., Inc., with respect to all securities reported in this schedule owned by advisory clients of Donald Smith & Co., Inc., not more than 5% of the class of such securities is owned by any one client.
• With respect to the remaining securities owned, various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock of Genworth Financial Inc. No one person’s interest in the Common Stock of Genworth Financial Inc. is more than five percent of the total outstanding Common Stock.
• By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are typically made by institutional investors who acquire beneficial ownership of more than 5% of a class of a company's registered equity securities. This filing indicates a significant passive investment by Donald Smith & Co., Inc. and DSCO Value Fund, L.P. in Genworth Financial Inc., a company operating in the financial services sector, specifically insurance and retirement solutions.

Stakeholder Impact

• Shareholders: The filing provides transparency regarding significant institutional ownership, which can influence market perception and trading activity.
• Management of Genworth Financial Inc.: The reporting persons' stake is noted as not being for the purpose of influencing control, suggesting a passive investment approach.
• Regulators: The filing fulfills regulatory requirements under the Securities Exchange Act of 1934.

Next Steps

• The reporting persons will continue to monitor their investment in Genworth Financial Inc. and may adjust their holdings based on market conditions and their investment strategies.
• Genworth Financial Inc. will continue its operations in the financial services sector.

Key Dates

Keywords

Genworth Financial Inc, Schedule 13G, Donald Smith & Co., Inc., DSCO Value Fund, L.P., Beneficial Ownership, Common Stock, Investment Advisor, SEC Filing, Securities Exchange Act