Donald Smith & Co., Inc. Acquires 8.96% Stake in Harley-Davidson, Inc. (HOG)

Donald Smith & Co., Inc. has filed a Schedule 13G reporting a significant new position in Harley-Davidson, Inc. (HOG). As of March 31, 2026, the investment advisor and its affiliate, DSCO Value Fund, L.P., beneficially own 10,016,874 shares of common stock, representing 8.96% of the class. This filing indicates a substantial increase from a zero-share position previously reported. The filing specifies that Donald Smith & Co., Inc. holds sole voting power over 9,712,420 shares and sole dispositive power over 9,923,550 shares. The securities were acquired in the ordinary course of business and not for the purpose of changing or influencing control of the issuer. The shares are held on behalf of various institutional clients, with no single client owning more than 5% of the outstanding common stock. This move signals a strong bullish stance on the iconic motorcycle manufacturer by the value-oriented investment firm.