SCHEDULE: Park Hotels & Resorts Stake Filing

Donald Smith & Co., Inc. and DSCO Value Fund, L.P. report beneficial ownership of 8.3% of Park Hotels & Resorts Inc. common stock as of March 31, 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.
• As of March 31, 2026, the aggregate amount beneficially owned is 16,628,279 shares, representing 8.3% of the class.
• Donald Smith & Co., Inc. holds sole voting power over 16,435,641 shares and sole dispositive power over 16,473,641 shares.
• DSCO Value Fund, L.P. holds sole voting power over 154,638 shares and sole dispositive power over 154,638 shares.
• The filing confirms that the securities were acquired and are held in the ordinary course of business and not for the purpose of influencing control of the issuer.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it is a routine disclosure of beneficial ownership without any indication of activist intent or significant changes in strategy.

Positives

• Significant beneficial ownership reported, indicating investor confidence.
• Clear disclosure of voting and dispositive power for each reporting entity.

Risks

• The filing does not explicitly mention any risks associated with the ownership stake.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding future outlook.

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."
• "I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11."

Industry Context

StockSavvy.ai notes that Schedule 13G filings are standard disclosures for institutional investors and investment advisors accumulating significant stakes in publicly traded companies. This filing indicates a substantial passive investment by Donald Smith & Co., Inc. and DSCO Value Fund, L.P. in the hotel real estate sector, represented by Park Hotels & Resorts Inc.

Stakeholder Impact

• Shareholders: The filing provides transparency regarding significant ownership, which can influence market perception and trading activity.
• Management: The disclosure confirms that the ownership is not for the purpose of influencing control, which may be reassuring to current management.

Key Dates

Keywords

Park Hotels & Resorts, Schedule 13G, Beneficial Ownership, Donald Smith & Co., Inc., DSCO Value Fund, L.P., Common Stock, SEC Filing, Investment Management