SCHEDULE: Donald Smith & Co. Discloses 7.5% Stake in Harley-Davidson

Investment adviser Donald Smith & Co., Inc. and DSCO Value Fund, L.P. reported a combined beneficial ownership of 7.5% of Harley-Davidson, Inc. common stock.

Summary

• Donald Smith & Co., Inc. and DSCO Value Fund, L.P. collectively beneficially own 8,899,204 shares of Harley-Davidson, Inc. common stock.
• This aggregate ownership represents 7.5% of the class of Harley-Davidson, Inc. common stock.
• Donald Smith & Co., Inc. holds sole voting power over 8,643,503 shares and sole dispositive power over 8,827,353 shares.
• DSCO Value Fund, L.P. holds sole voting power over 71,851 shares and sole dispositive power over 71,851 shares.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Harley-Davidson, Inc.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive signal, indicating a significant institutional investor sees value in Harley-Davidson, Inc. and has taken a substantial passive stake.

Positives

• A significant institutional investor, Donald Smith & Co., Inc., has disclosed a substantial 7.5% stake, indicating confidence in Harley-Davidson, Inc.'s value proposition.
• The filing confirms the stake is for passive investment purposes, suggesting a long-term view rather than activist intent.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding Harley-Davidson, Inc.'s future performance or strategic direction.

Management Comments

• Richard L. Greenberg, CEO and Co-CIO of Donald Smith & Co., Inc. and DSCO Value Fund, L.P., certified that the securities were acquired and are held in the ordinary course of business and not for the purpose or with the effect of changing or influencing the control of Harley-Davidson, Inc.

Industry Context

StockSavvy.ai notes that increased institutional ownership by value-oriented funds like Donald Smith & Co. can signal perceived undervaluation or long-term potential within the powersports and motorcycle manufacturing sector, potentially attracting further investor interest in Harley-Davidson, Inc.

Stakeholder Impact

• Shareholders may view this significant institutional investment as a vote of confidence in Harley-Davidson, Inc.'s current valuation and future prospects.

Key Dates

Keywords

Harley-Davidson, HOG, Donald Smith & Co., DSCO Value Fund, Institutional Ownership, Beneficial Ownership, SEC Filing, Schedule 13G, Common Stock, Investment Adviser