SCHEDULE: Donald Smith & Co. Reports Stake in Park Hotels & Resorts

Donald Smith & Co., Inc. and DSCO Value Fund, L.P. have reported a combined beneficial ownership of 7.2% in Park Hotels & Resorts 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 Park Hotels & Resorts Inc. common stock.
• The combined beneficial ownership is reported as 14,534,708 shares, representing 7.2% of the class.
• Donald Smith & Co., Inc. holds sole voting power over 14,272,041 shares and sole dispositive power over 14,368,621 shares.
• DSCO Value Fund, L.P. holds sole voting power over 166,087 shares and sole dispositive power over 166,087 shares.
• The filing is made under Rule 13d-1(b), indicating the reporting persons are not acting as a group with the purpose of influencing control.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral filing, 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., potentially indicating confidence in the company's long-term prospects.
• The filing clarifies the ownership structure, providing transparency to the market.

Negatives

• No new financial performance data or strategic updates are provided in this filing.
• The filing does not offer insights into the rationale behind the ownership stake.

Risks

• Potential for future changes in beneficial ownership, which could impact stock price volatility.
• The concentration of ownership could lead to increased influence by these entities on corporate decisions.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding 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 Park Hotels & Resorts Inc. No one person’s interest in the Common Stock of Park Hotels & Resorts Inc. is more than five percent of the total outstanding Common Stock.

Industry Context

StockSavvy.ai notes that this filing is typical for institutional investors accumulating or maintaining a significant stake in a publicly traded company, particularly within the Real Estate Investment Trust (REIT) sector like Park Hotels & Resorts.

Stakeholder Impact

• Shareholders: Increased transparency regarding significant institutional ownership.
• Management: Potential for increased engagement or influence from these large shareholders.

Next Steps

• Continued monitoring of ownership changes by Donald Smith & Co., Inc. and DSCO Value Fund, L.P.
• Observation of any future filings that may indicate changes in strategy or investment thesis.

Key Dates

Keywords

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