Donald Smith & Co., Inc. and DSCO Value Fund, L.P. filed a Schedule 13G with the SEC on November 13, 2026, disclosing a combined beneficial ownership position in Algoma Steel Group Inc. as of September 30, 2026.

Key Highlights

  • Combined beneficial ownership: Donald Smith & Co., Inc. and DSCO Value Fund, L.P. together reported aggregate beneficial ownership of 5,245,121 common shares of Algoma Steel Group Inc.
  • Percent of class: The aggregate position represents 4.96% of the class, as stated in Item 4(b) of the filing, while the cover page reports 5.0%.
  • Sole voting power: Donald Smith & Co., Inc. holds sole voting power over 5,082,450 shares; DSCO Value Fund, L.P. holds sole voting power over 53,671 shares.
  • Sole dispositive power: Donald Smith & Co., Inc. holds sole dispositive power over 5,191,450 shares; DSCO Value Fund, L.P. holds sole dispositive power over 53,671 shares.
  • Triggering date: The event requiring this filing occurred on September 30, 2026.
  • Filer classification: Donald Smith & Co., Inc. is classified as an investment adviser (IA); DSCO Value Fund, L.P. is classified as a limited partnership (PN), both incorporated in Delaware.

Donald Smith & Co. Discloses Passive Position in Algoma Steel Common Shares

According to the Schedule 13G filed on November 13, 2026, Donald Smith & Co., Inc., an investment adviser organized in Delaware and headquartered at 152 West 57th Street, 29th Floor, New York, NY 10019, together with its affiliated entity DSCO Value Fund, L.P., reported a combined aggregate beneficial ownership of 5,245,121 common shares of Algoma Steel Group Inc. (CUSIP 015658107), whose principal offices are located at 105 West Street, Sault Ste. Marie, Ontario, Canada, P6A 7B4.

The filing reports that Donald Smith & Co., Inc. holds sole voting power over 5,082,450 shares and sole dispositive power over 5,191,450 shares. DSCO Value Fund, L.P. separately holds sole voting power and sole dispositive power each over 53,671 shares. Neither entity reported any shared voting or shared dispositive power. The filing notes that shared power matters are addressed under Item 6, which the filing states is "Not Applicable."

The filers certified, as required under Item 10, that the securities "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." The statement was signed by Richard L. Greenberg, identified as CEO and Co-CIO, on behalf of both reporting persons on November 13, 2026. Item 5 of the filing designates the ownership as "5 percent or less of a class."

What Was Disclosed

Donald Smith & Co., Inc. and DSCO Value Fund, L.P. filed a Schedule 13G disclosing aggregate beneficial ownership of 5,245,121 common shares, or 4.96%, of Algoma Steel Group Inc. as of September 30, 2026, characterizing the position as a passive holding.