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

Donald Smith & Co., Inc. and DSCO Value Fund, L.P. have reported a combined beneficial ownership of 8.8% in Harley-Davidson, Inc. as of June 30, 2026.

Summary

• Donald Smith & Co., Inc. and DSCO Value Fund, L.P. have filed a Schedule 13G, indicating their beneficial ownership of Harley-Davidson, Inc. common stock.
• As of June 30, 2026, the aggregate amount beneficially owned by these entities is 9,279,072 shares, representing 8.8% of the class.
• Donald Smith & Co., Inc. holds sole voting power over 8,969,627 shares and sole dispositive power over 9,184,587 shares.
• DSCO Value Fund, L.P. holds sole voting power over 94,485 shares and sole dispositive power over 94,485 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 own more than 5% of the class individually.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this filing as neutral, primarily reporting a change in beneficial ownership without significant new strategic or financial information.

Positives

• Significant institutional ownership reported by Donald Smith & Co., Inc. and DSCO Value Fund, L.P., indicating confidence from these investment entities.
• Clear disclosure of beneficial ownership percentage (8.8%) provides transparency to the market.

Negatives

• The filing does not provide any new financial performance data or strategic updates for Harley-Davidson, Inc.

Risks

• Potential for increased market influence by large institutional holders, though the filing states no single client holds over 5%.

Future Outlook

This filing is a disclosure of ownership and does not contain forward-looking statements or guidance regarding Harley-Davidson's future performance.

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 Harley Davidson Inc. No one person’s interest in the Common Stock of Harley Davidson Inc. is more than five percent of the total outstanding Common Stock.

Industry Context

StockSavvy.ai notes that significant institutional filings like this Schedule 13G are common in the automotive and powersports industry, reflecting active portfolio management by investment firms.

Stakeholder Impact

• Shareholders: Increased transparency regarding significant institutional holdings.
• Management: Awareness of substantial ownership by investment firms.

Next Steps

• Continued monitoring of ownership changes by Donald Smith & Co., Inc. and DSCO Value Fund, L.P.

Key Dates

Keywords

Harley-Davidson, Schedule 13G, Beneficial Ownership, Institutional Investor, Donald Smith & Co., DSCO Value Fund, Investment Advisor