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Donald Smith & Co. is back in GBX after about 3 years out, now 0.57% of the portfolio.

Re-entered with 652,672 shares worth $31.99M; the fund had sold out of the name in 2023 Q3.
Published · Based on SEC filings

Low impact
Re-entry
2026 Q2

Donald Smith & Co. reopened a position in Greenbrier Companies Inc (GBX) in 2026 Q2, after about 3 years out, according to the 13F-HR filed with the SEC on August 11, 2026. At quarter-end prices the stake was worth about $32M, or 0.57% of the reported portfolio. GBX enters the book as the 39th largest of 66 stock positions.

What did the 2026 Q2 filing report for GBX?

As of June 30, 2026, from the 13F-HR filed August 11, 2026.

Value
Shares 653K
Reported value $32M
Portfolio weight 0.57%
Rank in portfolio 39th of 66
Sold out in 2023 Q3
Out for about 3 years

How big is the returning GBX position?

Donald Smith & Co. opened 6 stock positions in 2026 Q2; GBX is the largest of them by weight. An average stock position in the Donald Smith & Co. portfolio is 2% of the reported value, so the new name starts below the fund's typical size.

Where does GBX sit in the Donald Smith & Co. portfolio?

GBX ranks 39th of 66 stock positions in the Donald Smith & Co. portfolio at 0.57%, below the fund's average stock position of 2%. The largest stock position is AER at 7.52%. Next come EGO at 4.82% and CGAU at 4.34%. The three largest stocks together are 16.68% of the book. The GBX purchase was the 13th largest of the quarter's 63 position changes by percent change to portfolio. Across the 2026 Q2 portfolio, Donald Smith & Co. reported 66 stock positions, with 6 opened and 2 closed. The total portfolio value is about $5.6B, up 2% from the prior quarter.

Donald Smith & Co. buys and sells, 2026 Q2

When did Donald Smith & Co. hold GBX before?

Donald Smith & Co. held GBX before. The fund first reported the name in the quarter ended September 30, 2020, sold out in 2023 Q3 and is back after about 3 years out. The new stake is already larger than any weight the fund reported for the name before. Every reported trade is on the Donald Smith & Co. GBX trade history page.

Donald Smith & Co. shares of GBX by quarter

FAQ

How many GBX shares does Donald Smith & Co. hold?

Donald Smith & Co. holds 653K shares of GBX as of June 30, 2026, worth about $32M.

What is GBX's weight in the Donald Smith & Co. portfolio?

GBX is 0.57% of the Donald Smith & Co. portfolio and ranks 39th of 66 stocks by weight.

Has Donald Smith & Co. owned GBX before?

Yes. Donald Smith & Co. held GBX before. The fund first reported the name in the quarter ended September 30, 2020, sold out in 2023 Q3 and is back after about 3 years out.

Source: based on original SEC filings

Figures are from the fund's 13F, which lists long US-listed positions at quarter-end prices. Cash, short positions and most non-US holdings are not reported.
Stocks mentioned
Alan Irwin
Alan Irwin
Valuesider analyst