SCHEDULE: Donald Smith & Co. Discloses 6.4% Stake in Park Hotels

Investment adviser Donald Smith & Co. and DSCO Value Fund, L.P. have reported a combined 6.4% passive beneficial ownership stake in Park Hotels & Resorts Inc.

Summary

• Donald Smith & Co., Inc. and DSCO Value Fund, L.P. collectively beneficially own 12,804,583 shares of Park Hotels & Resorts Inc. common stock.
• This represents 6.4% of the outstanding common stock of Park Hotels & Resorts Inc.
• Donald Smith & Co., Inc. holds sole voting and dispositive power over 12,694,136 shares.
• DSCO Value Fund, L.P. holds sole voting and dispositive power over 110,447 shares.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: A Schedule 13G filing is a factual disclosure of passive ownership and generally carries a neutral sentiment. It indicates institutional interest but no direct positive or negative operational news.

Positives

• Donald Smith & Co., Inc., a recognized investment adviser, has disclosed a significant 6.4% passive stake in Park Hotels & Resorts Inc., indicating institutional interest and potential confidence in the company.

Future Outlook

NA

Industry Context

Schedule 13G filings are standard disclosures by institutional investors or groups that acquire more than 5% of a company's voting shares, indicating a passive investment intent rather than an attempt to influence control. This filing signals significant institutional interest in Park Hotels & Resorts Inc. by Donald Smith & Co., Inc., an investment adviser.

Stakeholder Impact

• Shareholders: Increased transparency regarding significant institutional ownership. May signal confidence from a notable investment adviser.
• Company Management: Awareness of a significant passive shareholder, though without intent to influence control.

Key Dates

Keywords

Park Hotels & Resorts Inc., Donald Smith & Co., DSCO Value Fund, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, Hotel REIT, Investment Adviser