SCHEDULE: Donald Smith & Co. Discloses 6% Stake in Park Hotels

Donald Smith & Co., Inc. and DSCO Value Fund, L.P. have disclosed a combined 6.0% beneficial ownership stake in Park Hotels & Resorts Inc.

Summary

• Donald Smith & Co., Inc. and DSCO Value Fund, L.P. collectively beneficially own 12,044,177 shares of Park Hotels & Resorts Inc. common stock.
• This ownership represents 6.0% of the outstanding common stock of Park Hotels & Resorts Inc.
• Donald Smith & Co., Inc. holds sole voting and dispositive power over 11,935,506 shares.
• DSCO Value Fund, L.P. holds sole voting and dispositive power over 108,671 shares.
• The shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of beneficial ownership, indicating a passive investment, and does not contain information that would inherently be considered positive or negative for the company's performance or outlook.

Risks

• The filing indicates a passive investment strategy, explicitly stating the shares were not acquired to influence or change control of the issuer, thereby mitigating risks associated with activist investor intentions.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of a significant ownership stake by an investment adviser and its related fund, common in the financial industry for transparency regarding large passive investments in publicly traded companies.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant passive ownership stake by an institutional investor.

Key Dates

Keywords

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