Donald Smith & Co., Inc. Acquires 8.26% Stake in Park Hotels & Resorts Inc.

On May 14, 2026, Donald Smith & Co., Inc. filed a Schedule 13G disclosing a new significant position in Park Hotels & Resorts Inc. (PK). The investment firm reported beneficial ownership of 16,628,279 shares of common stock, representing an 8.26% stake in the company. The filing indicates that the shares were acquired in the ordinary course of business and are not held for the purpose of influencing or changing the control of the issuer. The reported ownership is split primarily between Donald Smith & Co., Inc., which holds sole voting power over 16,435,641 shares, and the DSCO Value Fund, L.P., which holds 154,638 shares. As an investment advisor, Donald Smith & Co. noted that the ultimate power to receive dividends and sale proceeds resides with its institutional clients, though no single client owns more than 5% of the class. This filing marks a substantial increase from a zero-share position previously reported, establishing the firm as a major institutional shareholder.