Donald Smith & Co., Inc. and DSCO Value Fund, L.P. filed a Schedule 13G with the SEC on November 13, 2026, disclosing aggregate beneficial ownership of 14,114,034 shares of Park Hotels & Resorts Inc. common stock, representing 7.0% of the class, as of September 30, 2026.

Key Highlights

  • Aggregate beneficial ownership: Donald Smith & Co., Inc. and DSCO Value Fund, L.P. together reported beneficial ownership of 14,114,034 shares of Park Hotels & Resorts Inc. common stock.
  • Percent of class: The aggregate position represents 7.0% (reported as 7.01% in Item 4) of the outstanding common stock, according to the filing.
  • Sole voting power: Donald Smith & Co., Inc. reported sole voting power over 13,860,321 shares; DSCO Value Fund, L.P. reported sole voting power over 144,733 shares.
  • Sole dispositive power: Donald Smith & Co., Inc. reported sole dispositive power over 13,969,301 shares; DSCO Value Fund, L.P. reported sole dispositive power over 144,733 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 Ownership in Park Hotels & Resorts

According to the Schedule 13G filed November 13, 2026, Donald Smith & Co., Inc., an investment adviser based at 152 West 57th Street, 29th Floor, New York, NY 10019, and its affiliated entity DSCO Value Fund, L.P., jointly reported a combined beneficial ownership position of 14,114,034 shares of common stock in Park Hotels & Resorts Inc. (NYSE:PK). The filing was triggered by a qualifying event dated September 30, 2026, and was submitted under Rule 13d-1(b).

The filing reports that Donald Smith & Co., Inc. holds sole voting power over 13,860,321 shares and sole dispositive power over 13,969,301 shares. DSCO Value Fund, L.P. holds sole voting power and sole dispositive power each over 144,733 shares. Neither reporting person reported any shared voting or shared dispositive power. The aggregate amount beneficially owned by each reporting person is listed as 14,114,034 shares, equating to 7.0% of the class as shown in the schedule's summary rows and 7.01% as stated in Item 4.

In Item 6, the filing states that Donald Smith & Co., Inc. "does not serve as custodian of the assets of any of its clients" and that "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." The filing further discloses that any discretionary authority delegated to Donald Smith & Co., Inc. "may be revoked in whole or in part at any time," and that no single client owns more than 5% of the class. The filing was signed by Richard L. Greenberg, CEO and Co-CIO, on behalf of both reporting persons.

What Was Disclosed

Donald Smith & Co., Inc. and DSCO Value Fund, L.P. disclosed a combined 14,114,034-share beneficial ownership position in Park Hotels & Resorts Inc. common stock, equal to 7.0% of the class, with the triggering event dated September 30, 2026.